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Sungold Capital Overview

1. Business Overview

Sungold Capital Ltd. is an Indian Non-Banking Financial Company (NBFC). Its core business involves providing financial services, primarily through lending and financing activities. As an NBFC, the company operates under the regulatory framework of the Reserve Bank of India (RBI), offering various types of loans and credit facilities to individuals, businesses, and other entities. The company generates revenue predominantly through the interest income earned on the loans and advances it disburses, as well as potentially through processing fees or other service charges.

2. Key Segments / Revenue Mix

As an NBFC, Sungold Capital Ltd.'s primary revenue stream is interest income derived from its loan portfolio. Without specific financial disclosures, the exact breakdown of loan segments is not available. However, NBFCs typically engage in diverse lending activities which may include personal loans, business loans (e.g., to MSMEs), vehicle finance, working capital loans, asset financing, or other specialized credit products. Its revenue mix would largely depend on the specific types of loans it focuses on.

3. Industry & Positioning

Sungold Capital Ltd. operates within India's highly competitive and regulated NBFC sector. The industry comprises a vast number of players, ranging from large, diversified entities to smaller, niche, or regionally focused companies. The sector is characterized by intense competition from banks, larger NBFCs, and emerging FinTech players. Given its profile, Sungold Capital is likely positioned as a smaller to mid-sized NBFC, potentially serving specific customer segments, geographies, or product niches where larger players may have less penetration or different underwriting criteria. Its positioning would require a focus on efficient operations, tailored financial products, and effective risk management to compete.

4. Competitive Advantage (Moat)

For a company like Sungold Capital, durable competitive advantages (moats) are generally challenging to establish in the fragmented NBFC sector. Potential advantages, if cultivated, could include:

Niche Expertise/Local Knowledge: Deep understanding of specific customer segments or regional markets, leading to better credit assessment and relationship building.

Efficient Underwriting: Developing specialized processes for assessing credit risk in underserved or niche segments that larger banks/NBFCs might overlook.

Strong Borrower Relationships: Building trust and long-term relationships with a loyal customer base.

Operational Agility: Being more nimble and responsive to market changes or customer needs compared to larger, more bureaucratic institutions.

However, these are often less durable than scale, brand, or network effects prevalent in larger financial institutions.

5. Growth Drivers

Key factors that could drive growth for Sungold Capital Ltd. over the next 3-5 years include:

Increased Credit Demand: General economic growth in India, leading to higher demand for retail and business credit, especially in underserved segments.

Financial Inclusion: Expansion into new geographies or customer segments that lack access to formal credit from traditional banks.

Expansion of Loan Book: Growing the size and diversity of its loan portfolio through new product offerings or market penetration.

Digital Adoption: Leveraging technology for faster loan processing, better customer reach, and improved operational efficiency.

Favorable Regulatory Environment: Supportive policies that encourage NBFC lending to specific sectors.

6. Risks

Sungold Capital Ltd. faces several key business risks:

Asset Quality Deterioration: Non-performing Assets (NPAs) or bad loans due to borrower defaults, especially sensitive to economic downturns or sector-specific stress.

Interest Rate Fluctuations: Changes in borrowing costs (for funds) or lending rates can impact net interest margins.

Funding Challenges: Difficulty in accessing adequate and cost-effective funding (e.g., from banks, capital markets) to support loan book growth.

Regulatory Changes: Evolving regulations by the RBI that could impact capital adequacy, lending norms, or operational requirements.

Intense Competition: Pressure on lending margins and market share from banks and other NBFCs.

Economic Slowdown: A general slowdown in the Indian economy can reduce credit demand and increase default risks.

7. Management & Ownership

As an NBFC, the quality of its promoters and management team is crucial. Promoters typically hold a significant ownership stake and play a key role in setting the strategic direction, risk appetite, and corporate culture. The management team's experience in credit underwriting, risk management, fundraising, and navigating regulatory complexities is vital for the company's stability and growth. Without specific names, it's presumed that the leadership aims to prudently manage the loan book and operational efficiency while adhering to regulatory guidelines.

8. Outlook

Sungold Capital Ltd. operates in a dynamic and growing Indian financial services market.

Bull Case: A favorable economic environment, coupled with effective credit underwriting and robust risk management, could enable the company to expand its loan book, improve asset quality, and potentially diversify its product offerings. If it can carve out and effectively serve a profitable niche, it has the potential for steady growth.

Bear Case: The company faces significant challenges from intense competition, potential funding constraints, and the inherent credit risks associated with lending. Deterioration in asset quality, adverse changes in interest rates, or more stringent regulatory oversight could impact its profitability and financial health. As a smaller player, it is more susceptible to systemic shocks or market dislocations compared to larger, more diversified financial institutions.

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Sungold Capital Key Financials

Market Cap ₹6 Cr.

Stock P/E 139.4

P/B 0.3

Current Price ₹3.2

Book Value ₹ 12

Face Value 10

52W High ₹4.1

Dividend Yield 0%

52W Low ₹ 2.3

Sungold Capital Share Price

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Volume
Price

Sungold Capital Quarterly Price

Show Value Show %

Sungold Capital Peer Comparison

Sungold Capital Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 0 0 1 1 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 1 1 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 -0 0 0 0 -0 0 0 0 -0

Sungold Capital 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 1 1 2 1 2 2 2 1 2 2 2 0
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 1 1 2 1 2 2 2 1 2 2 2 0
Total Expenditure 1 1 2 1 2 2 2 1 2 1 2 0
Operating Profit 0 0 0 0 0 0 0 0 0 1 1 0
Interest 0 0 0 0 0 0 0 0 0 1 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 0 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 0 0 0 0 0 0 0 0 0
Adjusted Earnings Per Share 0.2 0 0 0 0 0 0 0 0 0 0 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 26% 0% 7%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% 11% 28% 16%
ROE Average 0% 0% 0% 0%
ROCE Average 2% 2% 1% 1%

Sungold Capital 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 22 22 22 22 22 22 22 22 22 22 22
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 9 8 2
Total Liabilities 22 22 22 22 22 22 22 22 31 30 24
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 15 21 22 22 22 22 22 22 31 29 23
Total Current Assets 7 1 0 0 0 0 0 0 0 0 0
Total Assets 22 22 22 22 22 22 22 22 31 30 24

Sungold Capital 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 1 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -3 7 -4 0 -0 -0 0 -0 -8 2 7
Cash Flow from Investing Activities 4 -6 3 -0 0 0 0 0 -0 -0 0
Cash Flow from Financing Activities 0 0 0 0 0 0 0 0 8 -2 -7
Net Cash Inflow / Outflow 0 1 -1 0 -0 -0 0 -0 0 0 0
Closing Cash & Cash Equivalent 0 1 0 0 0 0 0 0 0 0 0

Sungold Capital 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) 0.17 0 0.04 0 0.02 0.02 0.02 0.02 0.01 0.02 0.02
CEPS(Rs) 0.18 0.01 0.05 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 11.89 11.89 11.91 11.91 11.93 11.94 11.96 11.98 11.99 12.01 12.04
Core EBITDA Margin(%) 17.87 11.68 5.01 4.93 2.89 2.04 2.29 0.38 1.91 35.51 23.58
EBIT Margin(%) 47.5 10.64 4.32 3.08 2.6 2.19 2.3 3.67 1.96 35.48 25.48
Pre Tax Margin(%) 47.29 10.57 4.28 3.05 2.57 2.13 2.28 3.67 1.95 1.97 2.71
PAT Margin (%) 42.42 0.31 4.21 0.27 1.93 1.58 1.69 2.75 1.46 1.48 2.03
Cash Profit Margin (%) 45.5 1.41 4.91 2.17 2.24 1.59 1.69 2.75 1.8 1.7 2.11
ROA(%) 1.41 0.02 0.34 0.02 0.16 0.13 0.14 0.16 0.1 0.11 0.16
ROE(%) 1.44 0.02 0.35 0.02 0.16 0.13 0.14 0.16 0.12 0.15 0.19
ROCE(%) 1.59 0.62 0.36 0.19 0.22 0.18 0.19 0.22 0.13 2.69 1.97
Receivable days 1946.84 946.62 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) 9.7 400 24.64 650 62.83 68.35 68.67 80.71 178.32 162.84 126.11
Price/Book(x) 0.14 0.07 0.09 0.11 0.1 0.09 0.1 0.13 0.21 0.25 0.24
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 3.78 0.47 1.01 1.64 1.19 1.06 1.08 2.19 7.22 5.57 3.06
EV/Core EBITDA(x) 7.47 3.98 20.03 32.99 40.9 48.2 46.82 59.83 313.53 15.61 11.98
Net Sales Growth(%) -18.59 74.38 42.38 -23.43 33.6 -0.77 -1.56 -27.19 36.46 26.68 -9.81
EBIT Growth(%) 298.27 -60.92 -42.15 -45.49 12.9 -16.65 3.62 16.11 -26.92 2188.1 -35.24
PAT Growth(%) 419.3 -98.73 1845.24 -95.05 847.73 -18.85 5.17 18.69 -27.35 27.76 23.81
EPS Growth(%) 418.52 -98.75 1871.43 -95.17 870.88 -18.63 5.06 18.67 -27.41 27.97 23.5
Debt/Equity(x) 0 0 0 0 0 0 0 0 0.38 0.34 0.06
Current Ratio(x) 37.62 6.22 1.3 1.4 1.21 0.34 0.49 0.83 0.02 0.04 0.19
Quick Ratio(x) 37.62 6.22 1.3 1.4 1.21 0.34 0.49 0.83 0.02 0.04 0.19
Interest Cover(x) 228.91 145.82 97.53 121.58 81.49 41.9 138.67 0 176.5 1.06 1.12
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 1.79 1.36 0.25

Sungold Capital Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 24.32 24.32 24.32 24.32 24.32 24.32 24.32 24.32 23.81 23.81
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 75.68 75.68 75.68 75.68 75.68 75.68 75.68 75.68 76.19 76.19
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Sungold Capital News

Sungold Capital Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 23.81%.
  • Company has a low return on equity of 0% over the last 3 years.
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