SBFC - SBFC Finance Limited Share Price

Finance

₹100.87-1.38(-1.35%)

Market Closed as of May 2, 2025, 15:30 IST

What does SBFC Finance Limited do?

Non Banking Financial Company(NBFC)•Financial Services•Small Cap

SBFC Finance Limited, a financial services platform, provides financing solutions. The company offers secured MSME loans and loans against gold, as well as loan management services to third-party financial institutions, including private banks, public sector banks, foreign banks, mutual funds, and asset reconstruction companies. SBFC Finance Limited serves entrepreneurs and individual customers, as well as micro, small, and medium enterprises. The company was incorporated in 2008 and is headquartered in Mumbai, India. SBFC Finance Limited operates as a subsidiary of SBFC Holdings Pte. Ltd.

Industry Group:Finance

Employees:3,758

Website:www.sbfc.com

Pros

Profitability: Very strong Profitability. One year profit margin are 27%.

Balance Sheet: Reasonably good balance sheet.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Size: Market Cap wise it is among the top 20% companies of india.

Growth: Good revenue growth. With NA% growth over past three years, the company is going strong.

Cons

Dividend: Stock hasn't been paying any dividend.

Insider Trading: Significant insider selling noticed recently.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: SBFC vs Finance

Comprehensive comparison against sector averages

Comparative Metrics

SBFC metrics compared to Finance

Category	SBFC	Finance
PE	32.16	29.67
PS	8.50	6.41
Growth	28.1 %	14.4 %

Performance Comparison

SBFC vs Finance (2024 - 2025)

Key Insights

1. SBFC is NOT among the Top 10 largest companies in Non Banking Financial Company(NBFC).
2. The company holds a market share of 0.5% in Non Banking Financial Company(NBFC).
3. In last one year, the company has had an above average growth that other Non Banking Financial Company(NBFC) companies.

Summary of Latest Earnings Report from SBFC Finance

Summary of SBFC Finance's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Jan 25

Management remains cautiously optimistic, maintaining guidance of 5-7% QoQ growth, annual cost reduction of 50 bps, and credit costs at the upper end of 80-100 bps. Key highlights:

Growth & Efficiency: AUM grew 30% YoY (Rs.8,148 crores), driven by secured MSME and gold loans. Operating profit rose 38% YoY, supported by cost-to-income ratio improvement from 45% to 40%. Further cost optimization of 50 bps is targeted.
Profitability: NIMs steady at 10.26% despite liquidity challenges; ROA improved to 4.49% (from 4.31%), ROE expanded to 12.77% (200 bps YoY).
Asset Quality: GNPA stable at 2.7%, 1+ DPD increased marginally to 6.52%. PCR at 40.2%; credit costs at 97 bps (QoQ).
Liquidity & Diversification: Borrowing costs stable at 9.31%. Bank finance reduced to 60% of liabilities; plans to diversify further (NCDs, DFIs) to lower reliance to <50%.
Cautious Underwriting: Tightened credit filters due to elevated consumer leverage and economic headwinds, impacting disbursal conversion. Growth remains disciplined, avoiding sub-Rs.5 lakh segments.
Outlook: Expect stable yields (17.81%) and spreads (8.43%). Focus on execution, branch expansion (197 branches), and leveraging existing infrastructure. ROE of 15% anticipated by FY26-end.

Q&A Session

Last updated: Jan 25

Question 1:
What drove the 12 basis points quarter-on-quarter increase in yields, and why has the gold loan book remained flat despite favorable market conditions?
Answer: The yield increase was primarily due to higher yields on gold loans, which offset stable MSME yields. Gold loan growth was lower in Q3 due to a high base in prior quarters, but the current run rate is expected to sustain without compromising yields.

Question 2:
What is the outlook for lending rates, particularly for MSME and gold loans, amid market competition and potential rate cuts?
Answer: Gold loan rates (18"“21%) are range-bound with limited upward scope. MSME rates are expected to remain stable, with no significant hikes. Competition may lower rates in lower-yield segments.

Question 3:
Are credit underwriting screens being tightened further, and when might disbursement growth rebound?
Answer: Underwriting norms were tightened due to high consumer leverage, reducing approval rates. Growth may improve after monitoring for another quarter. Focus remains on risk-adjusted returns.

Question 4:
How is liquidity managed, and why is bank borrowing increasing?
Answer: Liquidity buffers are maintained for stability. Bank borrowings (60% of liabilities) are rising temporarily, but diversification via NCDs and DFIs is ongoing. Incremental borrowing costs align with current averages.

Question 5:
What is the growth and ROE target for FY26, and which ticket sizes are prioritized?
Answer: FY26 growth guidance remains 5"“7% QoQ. Focus is on secured MSME/gold loans (Rs.5 lakh+). ROE of 15% is expected by Q4 FY26 or Q1 FY27. Lower-ticket segments are avoided due to leverage risks.

Question 6:
How are OPEX reductions impacting growth, and why is client addition muted?
Answer: OPEX reduction stems from operational leverage, not growth trade-offs. Lower client additions reflect tighter underwriting (approval rates dropped to ~40%), delaying ~Rs.100 crore quarterly disbursements.

Question 7:
Is stress in small-ticket MSME loans localized or systemic?
Answer: Stress is sector-agnostic, linked to over-leverage, not geography. Caution is applied to marginal borrowers, but portfolios remain stable with secured collateral.

Question 8:
Will credit costs exceed 100 bps given yield adjustments?
Answer: Credit costs are guided at 80"“100 bps (currently 97 bps). Tightened origination and PCR (40.2%) aim to contain slippages despite macro pressures.

Question 9:
Are underwriting filters likely to ease soon?
Answer: Filters (leverage, FOIR) will stay for another quarter. Relaxation depends on improving borrower leverage and repayment capacity trends.

Question 10:
How is competition affecting growth strategy?
Answer: Growth remains focused on execution in secured MSME/gold loans. No segment expansion planned. Market share gains depend on sustained underwriting discipline, not aggression.

Share Holdings

Understand SBFC Finance ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
SBFC HOLDINGS PTE.LTD	53.33%
SBI SMALL CAP FUND	8.53%
AMANSA INVESTMENTS LTD	3.77%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C	3.22%
ASEEM DHRU	3.2%
MALABAR INDIA FUND LIMITED	2.11%
MASSACHUSETTS INSTITUTE OF TECHNOLOGY	1.26%
MAHESH KANYALAL DAYANI	1.15%
MALABAR SELECT FUND	1.08%
FRANKLIN INDIA SMALLER COMPANIES FUND	1.03%
Clermont Financial Pte. Ltd	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is SBFC Finance Better than it's peers?

Detailed comparison of SBFC Finance against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
BAJFINANCE	Bajaj FinanceNon Banking Financial Company(NBFC)	5.51 LCr	66.19 kCr	+2.23%	+28.76%	32.82	7.9	+26.82%	+16.11%
CHOLAFIN	Cholamandalam Investment and Finance Co.Non Banking Financial Company(NBFC)	1.25 LCr	24.52 kCr	+1.56%	+14.02%	29.28	4.77	+34.67%	+24.64%
SHRIRAMFIN	Shriram FinanceNon Banking Financial Company(NBFC)	1.14 LCr	40.33 kCr	-5.53%	+17.00%	11.86	2.71	+15.00%	+29.43%
SUNDARMFIN	SUNDARAM FINANCENon Banking Financial Company(NBFC)	57.77 kCr	8.42 kCr	+16.03%	+7.14%	32.12	6.86	+26.24%	-4.24%
M&MFIN	Mahindra & Mahindra Financial ServicesNon Banking Financial Company(NBFC)	32.31 kCr	17.97 kCr	-2.66%	-1.21%	14.29	1.74	+16.03%	+16.36%

Valuation
Market Cap	10.95 kCr
Price/Earnings (Trailing)	31.73
Price/Sales (Trailing)	8.38
EV/EBITDA	11.95
Price/Free Cashflow	-7.69
MarketCap/EBT	23.88

Fundamentals
Revenue (TTM)	1.31 kCr
Rev. Growth (Yr)	29.1%
Rev. Growth (Qtr)	8.19%
Earnings (TTM)	345.29 Cr
Earnings Growth (Yr)	27.52%
Earnings Growth (Qtr)	6.41%

Profitability
Operating Margin	35.15%
EBT Margin	35.15%
Return on Equity	10.95%
Return on Assets	4.31%
Free Cashflow Yield	-13%

Investor Care
Shares Dilution (1Y)	1.14%
Diluted EPS (TTM)	3.14

Financial Health
Debt/Equity	0.00
Debt/Cashflow	0.00

Balance Sheet for SBFC Finance

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023
Cash and cash equivalents	319%	265	64	224	427
Property, plant and equipment	16.2%	44	38	38	33
Goodwill	0%	260	260	260	260
Total assets	14.1%	8,596	7,533	7,063	6,580
Current tax liabilities	-152.9%	0	2.89	0	0
Total liabilities	18.4%	5,406	4,566	4,285	3,981
Equity share capital	0.8%	1,085	1,076	1,072	1,059
Total equity	7.5%	3,190	2,968	2,778	2,599
Total equity and liabilities	14.1%	8,596	7,533	7,063	6,580

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2025	Sep-2024	Mar-2024	Sep-2023
Cash and cash equivalents	319%	265	64	225	427
Property, plant and equipment	16.2%	44	38	38	33
Goodwill	0%	260	260	260	260
Total assets	14.1%	8,596	7,534	7,063	6,580
Current tax liabilities	-152.6%	0	2.9	0	0
Total liabilities	18.4%	5,406	4,565	4,285	3,981
Equity share capital	0.8%	1,085	1,076	1,072	1,059
Total equity	7.5%	3,190	2,968	2,778	2,599
Total equity and liabilities	14.1%	8,596	7,534	7,063	6,580

Cash Flow for SBFC Finance

Consolidated figures (in Rs. Crores) / View Standalone Data

Finance costs	19.4%
Depreciation	33.3%
Impairment loss / reversal	58.7%
Adjustments for interest income	30.4%
Share-based payments	9.5%
Net Cashflows from Operations	-98%
Interest paid	13.8%
Interest received	24.4%
Income taxes paid (refund)	38.2%
Other inflows (outflows) of cash	-15%
Net Cashflows From Operating Activities	-22.5%
Proceeds from sales of PPE	0%
Purchase of property, plant and equipment	-19.9%
Purchase of intangible assets	955%
Other inflows (outflows) of cash	8.8%
Net Cashflows From Investing Activities	9.5%
Proceeds from issuing shares	-94.1%
Proceeds from issuing debt	128.9%
Proceeds from borrowings	48.6%
Repayments of borrowings	8.6%
Payments of lease liabilities	8%
Interest paid	350%
Net Cashflows from Financing Activities	23.6%
Net change in cash and cash eq.	-2.5%

Standalone figures (in Rs. Crores) / View Consolidated Data

Finance costs	19.4%
Depreciation	33.3%
Impairment loss / reversal	58.7%
Adjustments for interest income	30.3%
Share-based payments	9.5%
Net Cashflows from Operations	-97.4%
Interest paid	13.8%
Interest received	24.2%
Income taxes paid (refund)	38.2%
Other inflows (outflows) of cash	-15%
Net Cashflows From Operating Activities	-22.5%
Cashflows used in obtaining control of subsidiaries	-105%
Proceeds from sales of PPE	1%
Purchase of property, plant and equipment	-19.9%
Purchase of intangible assets	955%
Other inflows (outflows) of cash	-13.2%
Net Cashflows From Investing Activities	11.5%
Proceeds from issuing shares	-94.1%
Proceeds from issuing debt	128.9%
Proceeds from borrowings	48.6%
Repayments of borrowings	8.6%
Payments of lease liabilities	8%
Interest paid	350%
Net Cashflows from Financing Activities	23.6%
Net change in cash and cash eq.	2.6%

Income Statement for SBFC Finance

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	8.4%	361	333	314	298	279	264
Other Income	56%	0.6	0.09	0.3	0.01	0.64	0.09
Total Income	8.4%	361	333	314	298	279	264
Employee Expense	6.3%	68	64	60	61	60	57
Finance costs	11.4%	118	106	100	95	88	85
Depreciation and Amortization	-2.5%	4.56	4.65	3.85	3.76	3.63	3.42
Other expenses	9.5%	24	22	21	18	17	21
Total Expenses	8.8%	235	216	204	192	183	178
Profit Before exceptional items and Tax	7.8%	126	117	110	105	97	86
Total profit before tax	7.8%	126	117	110	105	97	86
Current tax	-21.2%	27	34	28	32	13	25
Deferred tax	157.7%	4.05	-4.29	-2.02	-5.84	11	-3.08
Total tax	7.1%	31	29	26	26	23	22
Total profit (loss) for period	6.9%	94	88	84	79	73	64
Other comp. income net of taxes	57.2%	-1.44	-4.7	2.88	-2.13	2.6	-2.45
Total Comprehensive Income	12.2%	93	83	87	77	76	62
Earnings Per Share, Basic	29.3%	0.87	0.816	0.78	0.73	0.69	0.6
Earnings Per Share, Diluted	29.6%	0.86	0.801	0.76	0.72	0.67	0.583
Debt equity ratio	0.1%	0.0165	0.0156	0.01	0.0142	0.0144	0.0136

Description	(%) Q/Q	Mar-2025	Mar-2024
Revenue From Operations	28.1%	1,305	1,019
Other Income	-103.6%	0.99	1.28
Total Income	28.1%	1,306	1,020
Employee Expense	16.7%	253	217
Finance costs	19.4%	419	351
Depreciation and Amortization	33.3%	17	13
Other expenses	12%	85	76
Total Expenses	20.5%	848	704
Profit Before exceptional items and Tax	45.4%	459	316
Total profit before tax	45.4%	459	316
Current tax	57.9%	121	77
Deferred tax	-1520.3%	-8.09	1.64
Total tax	43.6%	113	79
Total profit (loss) for period	45.8%	345	237
Other comp. income net of taxes	-106.8%	-5.39	-2.09
Total Comprehensive Income	44.9%	340	235
Earnings Per Share, Basic	63%	3.2	2.35
Earnings Per Share, Diluted	66.7%	3.15	2.29
Debt equity ratio	0.2%	0.0165	0.0144

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Mar-2025	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023
Revenue From Operations	8.1%	361	334	314	298	279	264
Other Income	16.1%	0.22	0.07	0.28	0.01	0.64	0.09
Total Income	8.1%	361	334	315	298	280	264
Employee Expense	6.3%	68	64	60	61	60	57
Finance costs	11.4%	118	106	100	95	88	85
Depreciation and Amortization	-2.5%	4.56	4.65	3.85	3.76	3.63	3.42
Other expenses	9.5%	24	22	21	18	17	21
Total Expenses	9.3%	236	216	204	192	182	178
Profit Before exceptional items and Tax	6%	125	118	110	105	97	86
Total profit before tax	6%	125	118	110	105	97	86
Current tax	-21.2%	27	34	28	32	12	25
Deferred tax	157.9%	4.05	-4.27	-2.04	-5.84	11	-3.14
Total tax	7.1%	31	29	26	26	24	22
Total profit (loss) for period	6.9%	94	88	84	79	74	64
Other comp. income net of taxes	57.2%	-1.44	-4.7	2.88	-2.13	2.6	-2.45
Total Comprehensive Income	9.6%	92	84	87	77	76	61
Earnings Per Share, Basic	28.6%	0.87	0.818	0.78	0.74	0.69	0.6
Earnings Per Share, Diluted	24.2%	0.85	0.802	0.77	0.72	0.67	0.583
Debt equity ratio	0.1%	0.0165	0.0156	0.01	0.0142	0.0144	0.0136

Description	(%) Q/Q	Mar-2025	Mar-2024
Revenue From Operations	28.2%	1,306	1,019
Other Income	-246.4%	0.59	1.28
Total Income	28.2%	1,307	1,020
Employee Expense	16.7%	253	217
Finance costs	19.4%	419	351
Depreciation and Amortization	33.3%	17	13
Other expenses	12%	85	76
Total Expenses	20.5%	848	704
Profit Before exceptional items and Tax	45.4%	459	316
Total profit before tax	45.4%	459	316
Current tax	59.2%	122	77
Deferred tax	-1496.9%	-8.08	1.65
Total tax	43.6%	113	79
Total profit (loss) for period	45.8%	345	237
Other comp. income net of taxes	-106.8%	-5.39	-2.09
Total Comprehensive Income	44.9%	340	235
Earnings Per Share, Basic	63.7%	3.21	2.35
Earnings Per Share, Diluted	65.4%	3.15	2.3
Debt equity ratio	0.2%	0.0165	0.0144

SBFC - SBFC Finance Limited Share Price

What does SBFC Finance Limited do?

Sector Comparison: SBFC vs Finance

Comparative Metrics

Performance Comparison

Summary of Latest Earnings Report from SBFC Finance

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Is SBFC Finance Better than it's peers?

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Balance Sheet for SBFC Finance

Cash Flow for SBFC Finance

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Income Statement for SBFC Finance