SBFC

SBFC Finance share price & financials

Price
₹94.09
Market cap
₹10.0k Cr
Sector
Financial Services
Calls analysed
6
Latest concall · Q1 FY27 · call held 25 Jul 2026

SBFC Finance Limited Q1 FY27

PAT ₹130 cr +29%RoE 14.73% NIM 10.6% GNPA 2.66%

What went well

  • Total AUM grew 27% YoY and 6% QoQ to INR 11,922 crores.
  • PAT increased 29% YoY and 6% QoQ to INR 130 crores.
  • Spreads improved by 39 bps to 9.48%, and NIMs stood at 10.6%.

What to watch

  • Login to disbursal conversion moderated to 34% from 42%.
  • 0+ DPD rose by 70 bps during the quarter.
Read the full call →

What SBFC Finance Limited does

SBFC Finance is a non-banking finance company that lends to India's self-employed proprietors, traders and micro-entrepreneurs, most of whom lack standard income documentation. Its core product is a secured MSME loan (ticket size Rs 5 lakh-30 lakh) collateralised against self-occupied residential or commercial property, underwritten using household-level cash-flow assessment, local relationship knowledge and a spouse/parent co-borrower on every loan. It also offers loans against gold jewellery for short-tenure liquidity needs. All loan origination is done in-house through its own branch network and feet-on-street team, supplemented by co-origination tie-ups with banks, rather than through third-party DSAs or brokers.

Segments

  • Secured MSME
  • Loan Against Gold (LAG)
  • Others
Branches
251
Cities covered
199
States & Union Territories present in
18 states and 2 UTs
Active/live customers
2,02,683
Employees
5,055
Loan sourcing model
100% in-house sourcing (no DSA/broker channel)
Founded 2017Headquarters Mumbai, MaharashtraEmployees 5,055 (March 2026) Company website

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 3 delivered 2 missed 10 open
  • Gold Loan AUM % missed said Q3 FY26 Promised: under 20% Q1 FY27: Missed. Gold AUM share further increased to 22.1% (2631cr / 11922cr), remaining above the original 20% cap. This promise is now superseded by new guidance.
  • Opex Reduction at risk said Q4 FY26 Promised: decline by 20 to 25 basis points through the year Q1 FY27: At risk. Opex as a percentage of AUM increased sequentially to 4.29% from 3.93% due to front-loaded costs. While management reiterated a full-year reduction target of 25 bps, the initial quarterly trend is unfavorable.
  • ROE on track said Q1 FY26 Promised: desired ROE of around 15% Q1 FY27: On track. RoE improved to 14.73% from 14.48% last quarter, moving closer to the 15% milestone target.

All 15 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 26.5%, net profit up 28.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue314 333 361 388 411 +31%426 +28%454 +26%491 +27%
Net profit84 88 94 101 109 +30%118 +34%123 +31%130 +29%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −8.2% 1Y

₹80₹90₹100₹110₹120Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 23 Jan 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 24 Jul 2026

1Y: ₹106.99 on 10 Sept 2025 → ₹98.19. High ₹118.5 (3 Nov 2025), low ₹80.95 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−2.0%
25 Jul
Q4 FY26
−0.0%
27 Apr
Q3 FY26
−11.7%
24 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 31.8% a year over 3 years, FY23 to FY26.

Year endingFY23FY24FY25FY26
Revenue₹733 Cr₹1.0k Cr₹1.3k Cr₹1.7k Cr
Interest₹277 Cr₹351 Cr₹419 Cr₹537 Cr
Depreciation₹12 Cr₹13 Cr₹18 Cr₹20 Cr
Net profit₹150 Cr₹237 Cr₹345 Cr₹451 Cr
Net margin20.5%23.3%26.4%26.9%
ROE10.0%11.0%12.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹797 Cr₹807 Cr₹890 Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr
Reserves₹408 Cr₹480 Cr₹838 Cr₹1.7k Cr₹2.3k Cr₹2.6k Cr
Borrowings₹2.8k Cr₹2.9k Cr₹3.7k Cr₹4.0k Cr—₹7.2k Cr
Other liabilities₹258 Cr₹288 Cr₹280 Cr₹289 Cr₹212 Cr₹199 Cr
Total liabilities₹4.2k Cr₹4.5k Cr₹5.7k Cr₹7.1k Cr₹9.8k Cr₹11.1k Cr
Fixed assets₹301 Cr₹299 Cr₹296 Cr₹300 Cr₹309 Cr₹314 Cr
Capital work in progress₹0 Cr₹0 Cr₹1 Cr₹2 Cr₹0 Cr₹2 Cr
Investments₹1.5k Cr₹848 Cr₹607 Cr₹427 Cr₹357 Cr₹192 Cr
Other assets₹2.4k Cr₹3.4k Cr₹4.8k Cr₹6.3k Cr₹9.2k Cr₹10.6k Cr
Total assets₹4.2k Cr₹4.5k Cr₹5.7k Cr₹7.1k Cr₹9.8k Cr₹11.1k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +3.73 pp while the public trimmed −2.94 pp. The shareholder count shrank 5% to 1,34,577.

Promoters
52.3%
FIIs
7.2%
DIIs
20.7%
Public
19.7%
Others
0.1%

Since Jun 2025

  • DIIs +3.73 pp
  • Public −2.94 pp
  • Promoters −0.88 pp

How it drifted, 12 quarters

Over this window promoters fell from 64.0% to 52.3% — −11.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 64.0%, FIIs 2.7%, DIIs 12.4%, Public 20.4%, Others 0.5%.Dec '23: Promoters 63.7%, FIIs 2.2%, DIIs 11.9%, Public 21.9%, Others 0.2%.Mar '24: Promoters 60.7%, FIIs 2.9%, DIIs 13.5%, Public 22.8%, Others 0.2%.Jun '24: Promoters 55.2%, FIIs 4.7%, DIIs 16.2%, Public 23.7%, Others 0.2%.Sep '24: Promoters 55.0%, FIIs 4.6%, DIIs 16.3%, Public 24.0%, Others 0.1%.Dec '24: Promoters 54.8%, FIIs 4.9%, DIIs 16.5%, Public 23.8%, Others 0.1%.Mar '25: Promoters 53.3%, FIIs 6.5%, DIIs 17.7%, Public 22.4%, Others 0.1%.Jun '25: Promoters 53.2%, FIIs 7.1%, DIIs 17.0%, Public 22.6%, Others 0.1%.Sep '25: Promoters 53.0%, FIIs 7.0%, DIIs 18.2%, Public 21.7%, Others 0.1%.Dec '25: Promoters 52.8%, FIIs 6.9%, DIIs 19.5%, Public 20.7%, Others 0.1%.Mar '26: Promoters 52.4%, FIIs 6.2%, DIIs 22.0%, Public 19.4%, Others 0.1%.Jun '26: Promoters 52.3%, FIIs 7.2%, DIIs 20.7%, Public 19.7%, Others 0.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of SBFC Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sbfc Holdings Pte.Ltd. 52.31%unchanged
SBI Nifty 500 Index Fund Mutual fund8.10%newly disclosed
Aditya Birla Sun Life Trustee Private Limited A/C Mutual fund5.14%unchanged
Amansa Investments Ltd 3.69%unchanged
Aseem Dhru 2.99%unchanged
Malabar India Fund Limited FPI fund1.82%unchanged
ICICI Prudential Life Insurance Company Limited Insurer1.70%−0.52 pp
Aranda Investments Pte. Ltd. FPI fund1.44%unchanged
Mahesh Kanyalal Dayani 1.03%−0.12 pp
Clermont Financial Pte. Ltd 0.00%unchanged
SBI Nifty Smallcap 250 Index Fund Mutual fund—off the list
Tata Aia Life Insurance Co Ltd-Whole Life Aggressi —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in SBFC

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.12 L shares (+0.0%).

Held by funds
₹894 Cr
6 schemes
Biggest holder
SBI Smallcap Fund
₹883 Cr · 2.1% of that fund
SchemeHoldingLast month
SBI Smallcap Fund SBI Mutual Fund₹883 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹6 Cr+0.08 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹3 Cr+0.04 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +11,803 shares (+0.0%)

Funds are sitting on
+7%
vs est. average cost
Held by funds
₹894 Cr
6 schemes · ≈ 8.5% of the company
Biggest holder
SBI Smallcap Fund
₹883 Cr · 2.1% of that fund

Shares held by these funds +9%

Aug '23 9.04 cr shares Jul '26

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse SBFC Finance Limited

Guides on how to read this kind of business and the numbers that matter.