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SG Finserve share price & results

SG Finserve Limited· Financial Services

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

NBFC under APL Apollo Group financing MSME supply chains via vendor, dealer, invoice & factoring products.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue161 ₹ crore+114.7% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Sept 2026Not in the filed figures for the quarter to sept 2026. No older figure is substituted.
Net profit59.0 ₹ crore+110.7% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity11.70 %+1.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)104.18 %+107.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

8 of 10 judged targets kept · 22 open · verdicts reflect calls analysed to Q2 FY27.

SG Finserve Limited management guidance track record on Inve: 32 targets tracked across analysed earnings calls (8 achieved, 2 missed, 22 open).

TargetOriginal wordingSaidLatest callVerdict
AUMINR 4,000 crores in FY26
Call transcript, Q4 FY25 · 9 May 2025		Q4 FY25Q2 FY27:Promise remains achieved on a diluted basis. No new updates.
Call transcript, Q2 FY27 · 16 Oct 2026		Achieved*
PATTripling net profit to INR 300 crores in the next 24 months from a INR 100 crore run rate.
Call transcript, Q4 FY25 · 9 May 2025		Q4 FY25Q2 FY27:This early, ambitious promise remains unmentioned and has been superseded by more recent, concrete guidance.
Call transcript, Q2 FY27 · 16 Oct 2026		Ghosted
AUMINR 6,000 crores in FY27
Call transcript, Q4 FY25 · 9 May 2025		Q4 FY25Q2 FY27:AUM reached INR 5,700 crores, and management guided for a potential INR 7,000 crores by year-end. This surpasses the original INR 6,000 crore target, marking a significant upward revision from prior quarters.
Call transcript, Q2 FY27 · 16 Oct 2026		Revised Up

Source: Inve Guidance Tracker for SG Finserve Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of SG Finserve Limited's 32 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 29 more targets are in the full ledger.

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Price

₹652.35 +3.35% · +₹21.15

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +63.7% 1Y

₹400₹500₹600₹700Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 23 Jan 2026Q4 FY26 — 16 Apr 2026Q1 FY27 — 14 Jul 2026Q2 FY27 — 16 Oct 2026

1Y: ₹398.6 on 24 Oct 2025 → ₹652.35. High ₹709.85 (6 Aug 2026), low ₹332.25 (1 Feb 2026).

Previous close
₹631.2
Market cap
₹4.1k Cr
52-week range
₹332.25 – ₹709.85
One year
+61.61%
Price to earnings (TTM to Sept 2026)
22.10×
Return on equity (TTM to Sept 2026)
11.70%

Overview

Symbol
NSE:SGFIN
Exchange
NSE
Currency
INR

What SG Finserve Limited does

Based on the company's own presentations, annual report and earnings calls.

SG Finserve is a non-deposit-taking NBFC that provides supply chain financing (SCF) to MSMEs by lending against real, anchor-verified transaction flows rather than to dispersed individual borrowers. Its tripartite model links a large anchor corporate, its downstream/upstream MSME counterparties (vendors, dealers, distributors, sub-dealers) and the company as financer, monitoring transactions in real time through ERP integrations and a digital loan management system. It primarily serves industries suited to structured SCF such as construction, automotive, steel, white goods and IT peripherals, and during FY26 commercialised a factoring/TReDS business alongside its core vendor, dealer and deep-tier financing programs. Operations are entirely domestic, with no direct import-export financing exposure.

Segments

  • Vendor Finance
  • Dealer/Distributor Finance
  • Deep Tier Financing
  • Factoring & TReDS
  • Invoice Financing
  • Purchase Order Financing
Locations/hubs covered
30 hub locations across India (~100km radius each)
Employees
76 (up from 58 a year earlier)
Invoices financed since inception
5.15 lakh+
Corporate structure
Part of APL Apollo Group (flagship: APL Apollo Tubes, India's largest structured steel manufacturer)
Credit rating
AA (CE) / A1+ by ICRA
TReDS platforms onboarded
2 (RXIL and M1xchange)
Headquarters Ghaziabad, Uttar Pradesh (corporate office); registered office in DelhiEmployees 76 (2026-03-31) Company website

How the price took the results

close before → close after

Q2 FY27
−2.5%
16 Oct
Q1 FY27
−2.2%
14 Jul
Q4 FY26
+11.5%
16 Apr
Q3 FY26
−0.9%
23 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.

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