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Shalibhadra Finance Overview

1. Business Overview

Shalibhadra Finance Ltd. is a Non-Banking Financial Company (NBFC) registered in India. As an NBFC, its primary business involves providing various financial services, predominantly lending, without holding a banking license. The company's core business model is to borrow funds (from banks, financial institutions, or through market instruments) and lend them to individuals, small and medium enterprises (SMEs), or other entities at a higher interest rate, thereby earning interest income. NBFCs typically cater to segments that may be underserved by traditional banks or offer more flexible lending solutions. Without specific details, it's generally involved in asset-backed financing, personal loans, or business loans.

2. Key Segments / Revenue Mix

Specific details regarding Shalibhadra Finance Ltd.'s exact revenue mix and detailed segment breakdown are not readily available in public data without accessing their financial reports. However, typical NBFC segments could include:

Secured Lending: Loans backed by collateral such as property, vehicles, or gold.

Unsecured Lending: Personal loans, small business loans without specific collateral.

Corporate Lending: Loans to businesses for working capital or expansion.

For a company of its likely size, the revenue would primarily be driven by interest income from its loan portfolio, with other income streams like processing fees or recovery charges forming a smaller component.

3. Industry & Positioning

The Indian NBFC sector is diverse, highly competitive, and plays a crucial role in the country's financial system, often complementing traditional banks by reaching unbanked or underserved segments. Shalibhadra Finance Ltd. operates within this competitive landscape, which includes large, well-established NBFCs, specialized NBFCs (e.g., housing finance, vehicle finance), and smaller regional players. Given its ticker and likely profile, Shalibhadra Finance Ltd. probably positions itself either regionally, within a specific asset class, or by catering to a niche customer segment (e.g., small businesses, rural customers) where larger players might find it less viable or flexible to operate. Competition also comes from public and private sector banks.

4. Competitive Advantage (Moat)

For a smaller NBFC like Shalibhadra Finance Ltd., establishing a strong, durable competitive advantage (moat) can be challenging. Potential advantages, though often less pronounced than for larger players, could include:

Relationship-based lending: Strong local relationships and understanding of regional customer needs.

Niche focus: Expertise in a specific asset class or customer segment that larger players overlook.

Agility & Flexibility: Ability to make quicker lending decisions or tailor products more specifically than larger, more bureaucratic banks.

Operational efficiency: If it has a lean operational structure that allows for competitive pricing while maintaining profitability.

However, factors like brand recognition, scale, funding costs, and extensive network effects are typically stronger for larger, more established financial institutions.

5. Growth Drivers

Rising Credit Demand: India's growing economy, increasing financial literacy, and entrepreneurial activity continue to fuel demand for credit from individuals and SMEs.

Financial Inclusion: NBFCs play a vital role in extending credit to segments that are often excluded by traditional banks.

Digitalization: Adoption of digital lending and operational processes can improve efficiency, reach, and customer experience.

Specific Sector Growth: Growth in specific sectors or regions where the company has a strong presence or specialization (e.g., growth in SME segment, specific rural areas).

Ability to Raise Capital: The capacity to raise funds at competitive rates is crucial for expanding the loan book.

6. Risks

Credit Risk: The primary risk for any lending institution is the potential for borrowers to default on their loans, leading to Non-Performing Assets (NPAs) and erosion of asset quality.

Funding Risk: Reliance on market borrowings makes the company vulnerable to interest rate fluctuations and availability of funds, impacting its cost of capital and ability to grow.

Interest Rate Risk: Mismatches in the interest rate sensitivity of assets (loans) and liabilities (borrowings) can impact net interest margins.

Regulatory & Compliance Risk: Changes in RBI regulations for NBFCs (e.g., capital adequacy, NPA recognition norms, lending limits) can significantly impact operations and profitability.

Competition: Intense competition from banks and other NBFCs can put pressure on lending rates and margins.

Economic Downturns: A slowdown in the economy can increase loan defaults and reduce demand for credit.

7. Management & Ownership

Typically, smaller NBFCs in India are promoter-driven, meaning a founding family or individual holds a significant stake and plays a key role in management and strategic direction. Without specific details on Shalibhadra Finance Ltd.'s current board, key management personnel, and ownership structure, it's difficult to assess management quality or promoter background. Often, the long-term vision and ethical standards of the promoters significantly influence the company's trajectory and risk appetite. Ownership structure would include promoters, public shareholders, and potentially institutional investors.

8. Outlook

Shalibhadra Finance Ltd. operates in a structurally growing financial services market in India, driven by consistent credit demand and increasing financial inclusion. This presents a tailwind for NBFCs able to manage their operations efficiently and prudently. The potential for growth lies in its ability to effectively identify and serve niche customer segments, maintain strong asset quality, and secure diversified and cost-effective funding. However, the outlook is balanced by significant risks, including intense competition, potential for asset quality deterioration, interest rate volatility, and strict regulatory oversight. Sustained profitability and growth will largely depend on its risk management framework, operational agility, and the ability to adapt to a dynamic economic and regulatory environment while maintaining disciplined lending practices.

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Shalibhadra Finance Key Financials

Market Cap ₹226 Cr.

Stock P/E 14.1

P/B 1.3

Current Price ₹73

Book Value ₹ 54.4

Face Value 10

52W High ₹148.5

Dividend Yield 0.14%

52W Low ₹ 70

Shalibhadra Finance Share Price

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Volume
Price

Shalibhadra Finance Quarterly Price

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Shalibhadra Finance Peer Comparison

Shalibhadra Finance 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
Operating Revenue 8 8 10 9 8 10 9 9 9 11
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 8 8 10 9 8 10 9 9 9 11
Total Expenditure 2 2 3 3 2 3 3 3 2 3
Operating Profit 5 6 6 6 6 7 7 7 7 8
Interest Expense 1 2 2 2 2 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 4 4 5 5 6 6 6 6 7
Provision for Tax 1 1 1 1 1 1 1 1 1 2
Profit After Tax 3 3 3 3 3 5 4 5 5 5
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 3 3 3 5 4 5 5 5
Adjusted Earnings Per Share 1.1 1.1 1.2 1.2 1.2 1.5 1.4 1.5 1.5 1.6

Shalibhadra Finance 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
Operating Revenue 12 13 16 19 22 24 21 22 27 32 35 38
Other Income 0 0 0 0 0 0 1 0 0 0 2 0
Total Income 13 13 16 19 22 24 21 22 28 33 36 38
Total Expenditure 3 4 5 5 5 7 8 7 9 10 10 11
Operating Profit 9 9 11 15 17 17 14 15 19 23 26 29
Interest Expense 3 4 5 7 8 9 9 7 7 7 5 4
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 5 6 8 9 8 5 8 11 16 21 25
Provision for Tax 2 2 2 2 3 2 1 2 3 4 5 5
Profit After Tax 4 3 4 6 6 6 4 6 8 12 16 19
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 4 3 4 6 6 6 4 6 8 12 16 19
Adjusted Earnings Per Share 1.9 1.7 2.1 2.8 3.2 2.9 1.8 3 3.3 4.3 5.2 6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 17% 8% 11%
Operating Profit CAGR 13% 20% 9% 11%
PAT CAGR 33% 39% 22% 15%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -46% 28% 41% 21%
ROE Average 13% 13% 12% 16%
ROCE Average 15% 15% 14% 17%

Shalibhadra Finance 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 19 21 25 31 37 42 45 58 78 97 154
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 25 29 43 59 71 55 58 42 45 37 20
Current Liability 5 4 5 4 5 26 9 17 13 24 22
Other Liabilities & Provisions 1 1 2 2 2 0 0 0 0 0 0
Total Liabilities 51 56 75 96 115 123 112 117 136 158 195
Loans 0 0 0 0 108 111 106 111 124 134 176
Investments 0 0 1 1 1 2 0 0 0 0 9
Fixed Assets 1 1 2 2 2 2 2 2 3 3 3
Other Loans 1 1 2 1 0 3 2 1 2 5 3
Other Non Current Assets 16 17 23 29 0 0 0 0 0 0 0
Current Assets 33 36 47 63 3 5 1 3 7 17 4
Total Assets 51 56 75 96 115 123 112 117 136 158 195

Shalibhadra Finance 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 1 1 1 1 3 3 5 1 3 7 17
Cash Flow from Operating Activities -4 -3 -12 -15 -12 0 7 2 -5 3 -27
Cash Flow from Investing Activities -0 -0 -2 -0 -1 -2 2 -1 -2 -2 -10
Cash Flow from Financing Activities 5 3 14 17 12 4 -14 1 11 9 24
Net Cash Inflow / Outflow 0 -0 1 2 -1 3 -4 2 4 10 -13
Closing Cash & Cash Equivalent 1 1 1 3 3 5 1 3 7 17 4

Shalibhadra Finance 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) 1.9 1.73 2.15 2.83 3.2 2.9 1.76 3.01 3.34 4.28 5.18
CEPS(Rs) 1.92 1.75 2.17 2.86 3.23 2.93 1.78 3.04 3.36 4.3 5.21
DPS(Rs) 0.25 0.25 0.25 0.3 0.3 0 0.13 0.2 0.25 0.3 0.1
Book NAV/Share(Rs) 9.29 10.72 12.57 15.4 18.31 20.85 22.61 25.51 30.22 34.58 49.94
Net Profit Margin 30.64 26.79 27.58 29.35 28.85 24.54 17.05 27.3 30.59 37.04 46.26
Operating Margin 72.83 71.36 70.82 76.24 76.76 73.42 65.54 68.71 68.42 70.43 75.31
PBT Margin 47.37 42.33 41.61 41.07 40.29 33.98 24.21 36.96 41.25 49.82 59.59
ROA(%) 8.22 6.49 6.58 6.62 6.05 4.88 3 5.25 6.6 8.12 9.05
ROE(%) 22.29 17.27 18.46 20.25 18.97 14.81 8.08 12.51 13.22 13.87 12.75
ROCE(%) 22.53 19.53 18.68 18.6 17.16 15.39 11.99 13.65 15.14 15.8 15.04
Price/Earnings(x) 3.76 7.02 8.61 11.39 7.12 4.36 7.83 15.37 9.73 29.67 25.79
Price/Book(x) 0.77 1.13 1.47 2.09 1.24 0.61 0.61 1.81 1.08 3.67 2.68
Dividend Yield(%) 3.51 2.06 1.35 0.93 1.32 0 0.91 0.43 0.77 0.24 0.07
EV/Net Sales(x) 3.14 4.07 5.04 6.26 5.15 4.05 4.3 6.62 4.72 12.26 12.9
EV/Core EBITDA(x) 4.28 5.68 7.09 8.17 6.69 5.5 6.53 9.61 6.88 17.35 17.08
Interest Earned Growth(%) 17.32 4.25 20.81 23.8 14.88 6.68 -12.89 6.97 24.25 17.95 7.05
Net Profit Growth 26.19 -8.82 24.38 31.75 12.9 -9.26 -39.46 71.28 39.22 42.82 33.69
EPS Growth(%) 26.19 -8.82 24.38 31.75 12.9 -9.26 -39.46 71.38 11 27.95 21.19
Interest Coverage(x) % 2.86 2.46 2.42 2.17 2.1 1.86 1.59 2.16 2.52 3.42 4.79

Shalibhadra Finance Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 60 60 60 60 54.83 55.36 55.55 56.24 56.99 57.78
FII 0 0 0 1.16 1.01 0.82 2.71 2.47 2.43 2.24
DII 0 0 0 0 0 0 0 0 0 0
Public 40 40 40 38.84 44.16 43.83 41.74 41.29 40.58 39.99
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shalibhadra Finance News

Shalibhadra Finance Pros & Cons

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
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