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Fynx Capital Ltd (FYNX) · mywealthgrid

About

Fynx Capital Ltd is a Non-Banking Financial Company (NBFC) with ₹136.8 Cr market cap, operating in credit and lending. Revenue missing for 6 of 8 recent quarters; consistently loss-making across all periods shown.

Face value: ₹1

Market cap

₹125 Cr

P/E

—

P/B

22.1×

Dividend yield

ROE

-20%

ROCE

—

Debt / equity

0.08

OPM

—

EPS (TTM)

₹-0.0

Book value

₹0.3

52-week high

₹7.7

52-week low

₹4.0

Key insights

Company research notes and source-linked reviews

Key risks

Persistent quarterly losses (-₹0.28 Cr Mar 2018 to near-zero Dec 2020) with no recovery trend toward profitability.
Severely depressed operating margins where disclosed: -186.6% (Mar 2018), -34.48% (Mar 2019).
Zero institutional investors (0% FII/DII) + ₹136.8 Cr market cap = constrained funding access; verify current cost of capital relative to peer NBFCs.
Revenue opacity (n/a for 6 of 8 quarters); researcher should verify loan portfolio size, asset quality metrics, disbursement rates.

Generated analysis · source review pending

Growth drivers

Return to profitability from consistent quarterly losses (range -₹0.28 Cr to near-zero) would restore operational viability.
Disclosure of financial metrics (revenue n/a for 6 of 8 quarters) to show loan portfolio size, disbursement activity, asset quality currently hidden.
Margin recovery from severely depressed levels (-186.6% Mar 2018, -34.48% Mar 2019) if business reaches break-even scale.
Growth in credit disbursements if India's lending demand recovers—researcher should verify current portfolio metrics, yield trends, cost of capital, competitive position.

Generated analysis · source review pending

₹6.3+57.4%1Y

Volatility (1y)

51.1%

Annualised, daily returns

RSI (14)

54.9

Neither overbought nor oversold

Rel. strength (1y)

51.7%

Ahead of the market

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)
+High promoter holding of 74.9% with no pledge
+Outperformed the universe by 51.7% over 1 year

Cons

−Low return on equity of -6.7% (3-yr avg)
−Revenue shrank over the last 3 years (-37.6% a year)
−Trading at 22.1× book value

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 48
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0	—	—	—	0	0	0	0
Interest	—	—	—	—	0	0	0	0
Expenses	0	0	1	1	0	0	0	2
Financing profit	—	—	—	—	0	0	-0	-2
Financing margin %	—	—	—	—	18.9%	97.1%	-18.2%	-1,688.9%
Other income	—	—	—	—	0	0	0	0
Depreciation	—	—	—	—	0	0	0	0
Profit before tax	0	—	-0	-0	0	0	-0	-2
Tax	—	—	—	—	0	0	-0	-0
Tax %	—	—	—	—	60%	25%	-21.4%	-23.3%
PAT	-0	-0	-0	-0	0	0	-0	-1
EPS (₹)	-0.2	-0.3	-0.9	-0.3	0	0.6	0.3	-3.1
EPS adjusted (₹)	—	—	—	—	0	0	-0	-0.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	4	400	4	4
Reserves	3	293	3	2
	0	0	1	0
	0	11	0	0
Total equity & liabilities	7	704	8	7
	0	22	1	1
CWIP	0	0	0	0
Investments	0	0	0	4
	7	682	6	1
Total assets	7	704	8	7

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0	1	-1	5
	0	0	-1	-4
	0	0	1	-0
Net cash flow	0	1	-1	0
Free cash flow	0	1	-2	5
CFO / Operating profit %	242.9%	251.5%	—	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	17.5%	—	—	—	18.9%	97.1%	-18.2%	-1,688.9%
EBIT margin %	17.5%	—	—	—	10.8%	94.1%	-45.5%	-1,822.2%
PAT margin %	-20%	—	—	—	5.4%	70.6%	-33.3%	-1,388.9%
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	—	24	76,285	19	5
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	—	—	—	0	0	—	—
Debt to equity	—	—	—	—	0	0	0.09	0.08
Interest coverage	—	—	—	—	—	—	—	—
Asset turnover	—	—	—	—	0.05	0	0.04	0.01
Return ratios
Return on assets %	—	—	—	—	0.3%	0%	-1.5%	-19.1%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	—	—	—	0.3%	0%	-1.6%	-22.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.75%	73.75%	73.75%	73.75%	73.75%	73.75%	74.9%	74.9%	74.9%	74.9%	74.9%	74.9%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.25%	26.25%	26.25%	26.25%	26.25%	26.25%	25.1%	25.1%	25.1%	25.1%	25.1%	25.1%
No. of shareholders	—	—	—	—	—	—	—	—	930	1,103	1,612	1,830

Promoter holding up 1.15 percentage points since Sep 2023.

4 deals · 8 Sept 2021 – 28 Mar 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Mar 2022	SAMRUDDHI FINSTOCK LIMITED	Bulk	BSE	Sell	1,60,000	₹8.78	₹0.14 Cr
28 Mar 2022	SHARADBHAI POPATBHAI KAKADIA	Bulk	BSE	Buy	1,59,500	₹8.78	₹0.14 Cr
8 Sept 2021	OLUMPUS TRADING AND ADVISORY LLP	Bulk	BSE	Sell	8,26,012	₹7.60	₹0.63 Cr
8 Sept 2021	HIRAL ATUL GATHANI	Bulk	BSE	Buy	8,26,012	₹7.60	₹0.63 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Maheswar SahuNon-Executive - Non Independent Director-Chairperson
Mr. Gautam Kirtikumar ShahExecutive Director
Mr. Ashok Kumar MittalNon-Executive - Non Independent Director
Mr. Ashok Kumar NagNon-Executive - Independent Director
Mrs. Vijaya GuptaNon-Executive - Independent Director
Mrs. Anjali SharmaNon-Executive - Independent Director
Mr. Shanker Raman SiddhanathanExecutive Director-MD
Ms. Preeti MhatreChief Financial Officer
Akash BhedaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Fynx Capital Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results7 Aug 2026

1

Face value ₹10 → ₹125 Feb 2026 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

1 Oct 2026, 6:13 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

29 Sept 2026, 4:21 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

7 Sept 2026, 12:10 pmCompany Update

Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

General PDF

5 Sept 2026, 12:32 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 5:07 pmCorp. Action

Intimation Of Book Closure For The Purpose Of 41St AGM Of Fynx Capital Limited (Formerly Known As Rajath Finance Limited).

Book Closure PDF

4 Sept 2026, 5:03 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

4 Sept 2026, 4:57 pmAGM/EGM

Notice Of 41St Annual General Meeting Of Fynx Capital Limited (Formerly Known As Rajath Finance Limited) Scheduled To Be Held On Tuesday, 29Th September 2026.

AGM PDF

3 Sept 2026, 4:12 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held Today I.E. On Thursday, 03Rd September 2026

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
1 Oct 2026, 6:13 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 4:21 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Fynx Capital Ltd

Fynx Capital Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

1

Announcements

No fund holdings on record

Not in the F&O segment

1

1

Announcements

Annual reports

Compounded sales growth

Stock price CAGR

Return on equity

Fynx Capital Ltd

Fynx Capital Ltd

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Stock splits1

Announcements

No fund holdings on record

Not in the F&O segment

Board meetings1

Stock splits1

Announcements

Annual reports

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Stock price CAGR

Return on equity

1

1

1

1