SRGHFL

SRG Housing financials

Market cap
₹245 Cr
Sector
Financial Services
Calls analysed
3
Latest concall · Q4 FY26 · call held 12 May 2026

SRG Housing Q4 FY26

Profit After Tax ₹32.49 cr +33%AUM ₹1,042 cr +37%NIM 10.91% GNPA 1.77%

What went well

  • Assets Under Management (AUM) crossed the landmark of INR 1,000 crore, reaching INR 1042 crores in FY26, reflecting a strong growth of 37% year-on-year.
  • Net Interest Income (NII) for FY26 stood at INR 98.26 crores (up 31% YoY) and for Q4 FY26 at INR 28 crores (up 33% YoY).
  • Profit After Tax (PAT) for FY26 was INR 32.49 crores (up 33% YoY) and for Q4 FY26 was INR 9 crores (up 50% YoY).

What to watch

  • While Stage-1 assets are high at 93.05%, management clarifies that 90% of bounced cheques are recovered within 30 days, mitigating the concern.
Read the full call →

Guidance record · Q4 FY26

what the last two calls moved 12 tracked 4 delivered 2 missed 6 open
  • AUM delivered said Q4 FY25 Promised: INR 1,000-1,100 crores next year (FY26) Q4 FY26: Achieved. FY26 AUM reached INR 1,042 crores, exceeding both the revised target of INR 970 crores and the original target of INR 1,000-1,100 crores.
  • Total Branches missed said Q4 FY25 Promised: 100 branches, then halt expansion for 2 years Q4 FY26: Missed. The target of 100 branches by year-end was not met (implied count from AUM/branch is ~96). Furthermore, management announced plans for 10-15 new branches in FY27, contradicting the promise to halt expansion for 2 years.
  • AUM revised down said Q4 FY25 Promised: INR 1,500 crores Q4 FY26: Guidance for FY27 AUM is now INR 1,300-1,400 crores, with INR 1,500 crores mentioned as an optimistic target. This is a dilution from the previous firm target of INR 1,500 crores.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 26.6%, net profit up 24.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue36 39 43 43 48 +33%50 +30%57 +34%54 +27%
Net profit7 6 6 7 8 +25%8 +43%9 +49%8 +25%
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 −47.8% 1Y

₹150₹200₹250₹300Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q4 FY26 — 12 May 2026

1Y: ₹298.8 on 10 Sept 2025 → ₹156. High ₹313.5 (15 Jul 2026), low ₹156 (11 Sept 2026).

How the price took the results

close before → close after

Q4 FY26
−2.6%
12 May
Q2 FY26
−1.0%
14 Nov

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 29.3% a year over 3 years, FY23 to FY26.

Year endingFY23FY24FY25FY26
Revenue₹92 Cr₹125 Cr₹152 Cr₹198 Cr
Interest₹37 Cr₹51 Cr₹62 Cr₹78 Cr
Depreciation₹3 Cr₹6 Cr₹7 Cr₹6 Cr
Net profit₹17 Cr₹21 Cr₹24 Cr₹32 Cr
Net margin18.6%16.9%16.1%16.4%
Cash from operations₹-83 Cr₹-140 Cr₹-131 Cr₹-247 Cr
Free cash flow₹-90 Cr₹-144 Cr₹-135 Cr₹-249 Cr
ROE14.0%14.0%12.0%12.0%
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₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹16 Cr₹16 Cr
Reserves₹81 Cr₹101 Cr₹120 Cr₹146 Cr₹264 Cr₹281 Cr
Borrowings₹286 Cr₹287 Cr₹357 Cr₹491 Cr—₹857 Cr
Other liabilities₹14 Cr₹18 Cr₹17 Cr₹19 Cr₹19 Cr₹21 Cr
Total liabilities₹393 Cr₹418 Cr₹508 Cr₹670 Cr₹983 Cr₹1.2k Cr
Fixed assets₹3 Cr₹7 Cr₹24 Cr₹27 Cr₹22 Cr₹20 Cr
Capital work in progress₹2 Cr₹5 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹26 Cr₹27 Cr₹12 Cr₹9 Cr₹53 Cr₹73 Cr
Other assets₹363 Cr₹378 Cr₹471 Cr₹635 Cr₹909 Cr₹1.1k Cr
Total assets₹393 Cr₹418 Cr₹508 Cr₹670 Cr₹983 Cr₹1.2k 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, the public added +0.10 pp. The shareholder count shrank 1% to 2,650.

Promoters
59.0%
Public
41.0%

Since Jun 2025

  • Public +0.10 pp
  • Promoters −0.09 pp
  • FIIs −0.01 pp

How it drifted, 12 quarters

Over this window the public went from 31.4% to 41.0% — +9.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 67.8%, FIIs 0.1%, DIIs 0.6%, Public 31.4%.Dec '23: Promoters 67.8%, FIIs 0.0%, DIIs 0.7%, Public 31.4%.Mar '24: Promoters 68.5%, FIIs 0.0%, Public 31.4%.Jun '24: Promoters 67.5%, Public 32.5%.Sep '24: Promoters 64.7%, DIIs 0.0%, Public 35.3%.Dec '24: Promoters 64.8%, DIIs 0.0%, Public 35.2%.Mar '25: Promoters 59.1%, DIIs 0.0%, Public 40.9%.Jun '25: Promoters 59.1%, FIIs 0.0%, Public 40.9%.Sep '25: Promoters 59.1%, Public 40.9%.Dec '25: Promoters 59.1%, Public 40.9%.Mar '26: Promoters 59.0%, Public 41.0%.Jun '26: Promoters 59.0%, Public 41.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of SRG Housing above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vinod Kumar Jain 20.48%unchanged
M3 Investment Private Limited 9.15%unchanged
Archis Jain 7.49%unchanged
Seema Jain 5.50%unchanged
Ambitious Associates Pvt Ltd 4.81%unchanged
VINOD JAIN HUF (Vinod Kumar Jain) 4.22%unchanged
Jikisha Jain 3.77%unchanged
Srg Global Solutions Private Limited 3.34%unchanged
Rhythm Consultants Private Limited 2.97%unchanged
Meenaxi Narendra Mehta 2.71%unchanged
Srg Fingrow Finance Limited 2.33%unchanged
Jagruti Rajiv Dutia 1.66%unchanged

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.

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse SRG Housing

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