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Oswal Leasing Overview

1. Business Overview

Oswal Leasing Ltd. is an Indian Non-Banking Financial Company (NBFC). As an NBFC, it provides financial services without holding a banking license. Based on its name, its core business likely involves asset financing, specifically through leasing arrangements, and potentially other forms of lending and financial intermediation. The company generates revenue primarily through interest income from loans and advances, lease rentals, and fees for financial services provided.

2. Key Segments / Revenue Mix

Specific details on key business segments and their exact contribution to revenue are not publicly available without access to detailed financial reports. However, given its sector and name, its primary revenue streams are expected to be derived from financing activities, including various forms of asset leasing and potentially secured or unsecured lending to individuals and businesses.

3. Industry & Positioning

Oswal Leasing operates within India's highly competitive and regulated NBFC sector. This industry is characterized by a wide array of players, ranging from large diversified entities to smaller, niche-focused companies. The sector is regulated by the Reserve Bank of India (RBI). Without specific financial data, Oswal Leasing Ltd. is likely a smaller-to-mid-sized player, potentially focusing on specific regional markets or niche customer segments, where it competes with other NBFCs, cooperative banks, and even some public/private sector banks for market share.

4. Competitive Advantage (Moat)

For a smaller NBFC like Oswal Leasing, it is unlikely to possess strong, durable competitive advantages typically associated with larger, established financial institutions. It generally lacks significant brand recognition, vast scale economies, proprietary network effects, or high customer switching costs. Any competitive edge it might have could stem from niche expertise, strong local relationships, efficient underwriting for specific borrower segments, or flexible service offerings, but these are typically not considered long-term "moats."

5. Growth Drivers

Key factors that could drive Oswal Leasing's growth over the next 3-5 years include:

Economic Growth: A growing Indian economy fuels demand for credit and asset financing from both businesses and individuals.

Rising Credit Demand: Expanding middle class, increasing entrepreneurship, and capital expenditure needs of SMEs create a strong demand for financial services.

Financial Inclusion: NBFCs often cater to segments underserved by traditional banks, offering opportunities for expansion into new customer bases.

Infrastructure & Industrial Development: Demand for equipment leasing and project financing driven by government initiatives and private sector investment.

6. Risks

Credit Risk: Defaults or non-performing assets (NPAs) from borrowers can significantly impact profitability and asset quality.

Interest Rate Risk: Fluctuations in interest rates can affect net interest margins and borrowing costs.

Liquidity Risk: Difficulty in accessing timely and cost-effective funding can impede operations and growth.

Regulatory Risk: Changes in RBI regulations regarding capital adequacy, asset classification, provisioning norms, or lending practices can impact the business model.

Competition: Intense competition from other NBFCs, banks, and fintech players can put pressure on margins and market share.

Economic Slowdown: A downturn in the broader economy can reduce credit demand and worsen asset quality.

7. Management & Ownership

Details on the specific management team and their track record are not readily available in public domains. However, many Indian NBFCs, especially smaller ones, often have significant promoter (founding family) ownership and involvement in management. The company's strategic direction and risk management practices would largely depend on the vision and execution capabilities of its promoters and key managerial personnel.

8. Outlook

Oswal Leasing Ltd. operates in a sector with significant growth potential, driven by India's economic expansion and increasing credit penetration. The company's ability to capitalize on this growth will depend on its capacity to manage credit risk effectively, secure diverse and cost-effective funding, and identify profitable niche segments. Challenges include intense competition, interest rate volatility, and a dynamic regulatory environment. Success will hinge on disciplined underwriting, strong asset-liability management, and strategic market positioning to differentiate itself from a multitude of other financial service providers.

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Oswal Leasing Key Financials

Market Cap ₹4 Cr.

Stock P/E -173.8

P/B 1.4

Current Price ₹74.9

Book Value ₹ 55.3

Face Value 10

52W High ₹71.3

Dividend Yield 0%

52W Low ₹ 53.3

Oswal Leasing Share Price

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Volume
Price

Oswal Leasing Quarterly Price

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Oswal Leasing Peer Comparison

Oswal Leasing Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 -0 0 -0 -0 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 -0 -0 0 -0 -0 -0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -0 -0 -0 0 -0 -0 -0 -0 -0
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments -0 -0 -0 -0 0 -0 -0 -0 -0 -0
Adjusted Earnings Per Share -0.6 -0 -0.1 -0.2 0 -0.2 -0.1 -0.1 -0.3 -0.3

Oswal Leasing Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 1 0 0 0 0 0 0 0
Total Income 0 0 0 0 1 0 0 0 0 0 0 0
Total Expenditure 0 0 0 1 1 0 0 0 0 0 0 0
Operating Profit 0 0 0 -0 0 0 0 -0 -0 -0 -0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 -0 0 0 0 -0 -0 -0 -0 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 -1 0 0 0 -0 -0 -0 -0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 -1 0 0 0 -0 -0 -0 -0 0
Adjusted Earnings Per Share 2.1 1.5 1.5 -10.2 1.6 0.1 0.9 -0.2 -0.5 -0.8 -0.4 -0.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 48% 43% 46% NA%
ROE Average -1% -1% -0% -1%
ROCE Average -1% -1% -0% -0%

Oswal Leasing Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 3 3 2 3 3 3 3 3 3 3
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 3 3 3 2 3 3 3 3 3 3 3
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1 1 1 0 1 1 1 1 1 1 1
Total Current Assets 2 2 2 2 2 2 2 2 2 2 2
Total Assets 3 3 3 2 3 3 3 3 3 3 3

Oswal Leasing Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 1 -0 0 -0 -0 -0 0 -0 0 0 -0
Cash Flow from Investing Activities -0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Financing Activities 0 0 0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow 0 -0 0 -0 0 -0 0 -0 0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Oswal Leasing Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.09 1.54 1.52 -10.2 1.59 0.08 0.87 -0.24 -0.47 -0.84 -0.43
CEPS(Rs) 2.09 1.54 1.52 -10.2 1.59 0.08 0.87 -0.24 -0.47 -0.84 -0.43
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 49.74 51.28 52.8 42.6 54.37 55.7 55.24 55.82 55.45 55.41 55.96
Core EBITDA Margin(%) 75.84 64.11 64.85 -320.28 -285.95 3.2 30.45 -8.4 -16.76 -25.82 -14.25
EBIT Margin(%) 78.46 66.42 68 -317.53 64.18 3.2 31.24 -8.4 -16.65 -25.77 -14.25
Pre Tax Margin(%) 78.41 66.38 67.98 -317.61 64.12 3.15 31.21 -8.43 -16.7 -25.8 -14.28
PAT Margin (%) 54.38 45.95 48.13 -331.68 48.69 2.35 23.32 -8.43 -16.7 -27.51 -14.28
Cash Profit Margin (%) 54.38 45.95 48.13 -331.68 48.69 2.35 23.32 -8.43 -16.7 -27.51 -14.28
ROA(%) 4.18 2.98 2.87 -21.06 3.24 0.14 1.55 -0.42 -0.85 -1.5 -0.77
ROE(%) 4.29 3.04 2.92 -21.39 3.28 0.15 1.57 -0.42 -0.85 -1.52 -0.77
ROCE(%) 6.19 4.4 4.13 -20.48 4.33 0.2 2.1 -0.42 -0.85 -1.42 -0.77
Receivable days 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 13.06 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0.21 0 0.44 0.59 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.08 2.87 2.74 3.14 2.83 2.83 2.85 3.57 8.35 10.42 3.22
EV/Core EBITDA(x) 2.66 4.32 4.03 -0.99 4.4 88.44 9.11 -42.46 -50.13 -40.43 -22.61
Net Sales Growth(%) -21.7 -12.97 -5.53 -2.61 6.27 4.41 9.23 -24.91 1.38 7.69 -1.26
EBIT Growth(%) -27.94 -26.32 -3.28 -554.75 121.48 -94.79 965.48 -120.18 -101.04 -66.64 45.4
PAT Growth(%) -25.18 -26.47 -1.05 -771.18 115.6 -94.97 985.62 -127.13 -101 -77.33 48.74
EPS Growth(%) -25.18 -26.47 -1.05 -771.18 115.6 -94.97 985.77 -127.12 -101.02 -77.33 48.73
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 28.85 35.09 42.09 60.29 52.59 68.14 89.02 96.15 86.61 69.11 107.65
Quick Ratio(x) 29.27 35.09 42.09 60.29 60.46 82.32 89.02 96.15 86.61 69.11 107.65
Interest Cover(x) 1699.26 1898.24 3388.26 -4135.83 985.18 59.75 886.62 -299.92 -322.46 -856.26 -448.95
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Oswal Leasing Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 25.98 25.98 25.98 25.98 25.98 25.98 25.98 25.98 25.98 25.98
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 74.02 74.02 74.02 74.02 74.02 74.02 74.02 74.02 74.02 74.02
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Oswal Leasing News

Oswal Leasing Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 25.98%.
  • Company has a low return on equity of -1% over the last 3 years.
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