Poonawalla Fincorp Limited (POONAWALLA)

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Poonawalla Fincorp Limited (POONAWALLA) · mywealthgrid

About

Poonawalla Fincorp Limited is a Non-Banking Financial Company (NBFC) in the financials sector with a market capitalisation of ₹43,840 Cr. The company has demonstrated rapid recent growth, with quarterly revenue reaching ₹2,337 Cr and operating margins expanding from 49% to 58% over nine months.

Face value: ₹2

Market cap

₹38,161 Cr

P/E

48.5×

P/B

3.4×

Dividend yield

ROE

5.9%

ROCE

—

Debt / equity

4.65

OPM

52.7%

EPS (TTM)

₹9.7

Book value

₹128.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation elevated: PE ratio 55.71 implies earnings growth must sustain to justify price; verify if growth trajectory can be maintained
Capital efficiency low: ROE 5.85% suggests weak returns on deployed equity despite high profitability margins
Leverage high: D/E ratio 4.65 limits financial flexibility and amplifies downside risk in a credit downturn
Shareholding concentration declining: promoter stake fell 4.91 percentage points (63.93% to 59.02%) in three months; verify reason and impact on governance

Generated analysis · source review pending

Growth drivers

Revenue expansion: ₹1,542 Cr (Sep 2025) to ₹2,337 Cr (Jun 2026) represents 51% growth in three quarters
Operating margin expansion: OPM rose from 49.19% to 58.34% — verify whether this reflects yield strength or cost discipline, as both imply different sustainability
Earnings leverage: net profit grew 315% (₹74 Cr to ₹308 Cr) in same period, ahead of revenue growth due to margin expansion
EPS acceleration: ₹0.95 to ₹3.55 in three quarters (274% growth) — verify if share dilution from capital raises has offset earning-per-share growth

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹433.4-2.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 52.7%
+Revenue CAGR of 24% over the last 5 years

Cons

−Low return on equity of 8.9% (3-yr avg)
−Profit declined 7.5% a year over the last 3 years
−Heavily leveraged (debt/equity 4.6)
−Weak interest coverage of 1.3×
−Promoter holding fell 3.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 26
Growth: 75

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.

Part ofNIFTY SMALLCAP 50 NIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500

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

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,242	2,513	2,319	2,004	1,939	3,109	4,190	6,790
Interest	905	1,294	1,100	716	595	950	1,515	2,767
Expenses	1,026	1,111	1,950	780	608	820	2,778	3,211
Financing profit	311	108	-732	508	735	1,339	-103	812
Financing margin %	13.9%	4.3%	-31.6%	25.4%	37.9%	43.1%	-2.5%	12%
Other income	57	49	34	37	70	38	33	5
Depreciation	49	75	56	55	61	59	65	94
Exceptional items	—	0	0	0	7	817	0	0
Profit before tax	318	82	-749	492	866	2,166	-135	724
Tax	88	55	-190	116	181	483	-37	182
Tax %	27.6%	66.9%	-25.4%	23.7%	20.9%	22.3%	-27.4%	25.1%
PAT	—	27	-559	375	685	1,683	-98	542
EPS (₹)	9.7	1	-20.7	5.2	9	21.9	-1.3	6.8
EPS adjusted (₹)	—	—	—	4.9	8.9	21.4	-1.3	6.7
	8.2%	0%	—	7.6%	22.3%	9.1%	—	—
Annual report	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	—	—	153	154	154	155	162
Reserves	—	—	5,903	6,708	8,013	8,020	10,187
Minority interest	—	—	2	12	—	—	—
	11,987	10,433	9,909	11,120	15,080	25,881	48,098
	—	—	476	5,228	840	975	1,825
Total equity & liabilities	—	—	16,443	23,221	24,087	35,030	60,272
	—	—	156	146	77	71	124
CWIP	—	—	—	0	0	0	0
Investments	151	177	0	311	878	1,342	2,490
	—	—	16,287	22,763	23,132	33,617	57,658
Total assets	—	—	16,443	23,221	24,087	35,030	60,272

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,644	-3,049	-5,237	-7,556	-10,569	-21,786
	81	143	-110	2,969	-482	-1,340
	-1,574	2,903	5,748	4,331	10,821	23,387
Net cash flow	152	-3	401	-256	-231	261
Free cash flow	1,625	-3,112	-5,300	-7,566	-10,598	-21,880
CFO / Operating profit %	445.8%	-249.1%	-393.6%	-330.1%	-748.7%	-608.7%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	54.2%	55.8%	15.9%	61.1%	68.6%	73.6%	33.7%	52.7%
EBIT margin %	52%	52.8%	13.5%	58.4%	65.5%	71.7%	32.1%	51.3%
PAT margin %	—	1.1%	-24.1%	18.7%	35.3%	54.1%	-2.4%	8%
Working capital
Receivable days	—	—	—	2	—	—	—	—
Inventory days	—	—	—	—	0	0	0	0
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	8.55	28.28	8.09	8.36	6.59	18.33	13.44
Debt to equity	—	—	—	1.64	1.62	1.85	3.17	4.65
Interest coverage	1.4	1.1	0.3	1.7	2.2	2.4	0.9	1.3
Asset turnover	—	—	—	0.12	0.08	0.13	0.12	0.11
Return ratios
Return on assets %	—	—	—	2.3%	3%	7%	-0.3%	0.9%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	—	—	6.2%	10%	20.6%	-1.2%	5.2%

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
	62.1%	62.07%	62.13%	62.09%	61.87%	62.36%	62.53%	62.46%	63.96%	63.95%	63.93%	59.02%
	7.91%	7.78%	7.77%	7.85%	7.72%	8.19%	9.98%	10.76%	10.56%	10.61%	10.21%	10.96%
	6.97%	5.6%	5.83%	6.79%	10.61%	11.81%	11.12%	12.27%	12.28%	12.23%	12.13%	16.74%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	23.02%	24.55%	23.75%	22.61%	19.14%	16.98%	15.72%	13.86%	12.58%	12.62%	13.13%	12.75%
No. of shareholders	—	—	—	—	—	—	—	—	1,96,598	1,91,508	1,86,863	1,90,484

Promoter holding down 3.08 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
RISING SUN HOLDINGS PRIVATE LIMITEDPromoters	BuyPreferential Offer	3,31,48,102	₹1,499.98 cr	62.43% → 63.97%	20 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

58 deals · 17 Aug 2021 – 18 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	59,22,771	₹498.18	₹295.06 Cr
18 Sept 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	59,22,771	₹497.79	₹294.83 Cr
10 Jun 2024	ABHAY SURESHKUMAR BHUTADA	Bulk	NSE	Sell	76,00,000	₹437.00	₹332.12 Cr
24 Jan 2024	MAGMA VENTURES PRIVATE LIMITED	Bulk	NSE	Sell	40,33,000	₹495.85	₹199.98 Cr
24 Jan 2024	RISING SUN HOLDINGS PVT LTD	Bulk	NSE	Buy	40,33,000	₹495.85	₹199.98 Cr
24 Jan 2024	RISING SUN HOLDINGS PVT LTD	Block	NSE	Buy	40,33,000	₹495.85	₹199.98 Cr
24 Jan 2024	MAGMA VENTURES PRIVATE LIMITED	Block	NSE	Sell	40,33,000	₹495.85	₹199.98 Cr
17 Apr 2023	SANJAY CHAMRIA	Block	NSE	Sell	83,00,000	₹290.00	₹240.70 Cr
17 Apr 2023	SANJAY CHAMRIA	Bulk	NSE	Sell	83,00,000	₹290.00	₹240.70 Cr
17 Apr 2023	PLUTUS WEALTH MANAGEMENT LLP	Block	NSE	Buy	32,75,863	₹290.00	₹95.00 Cr

1–10 of 58

1 / 6

Mr. ADAR CYRUS POONAWALLANon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Bhaskar PandeyChief Risk Officer
Mr. ARVIND RAVINDER KAPILExecutive Director-CEO-MD
Mr. SUNIL MADHAV SAMDANIExecutive Director
Mr. VIKAS SHYAMKUMAR PANDEYExecutive Director
Ms. SONAL SANJAY MODINon-Executive - Non Independent Director
Mr. PRABHAKAR RAMCHANDRA DALALNon-Executive - Independent Director
Mr. SANJAY KUMARNon-Executive - Independent Director
Mrs. KEMISHA SONINon-Executive - Independent Director
Mr. KEWAL KUNDANLAL HANDANon-Executive - Independent Director
Mr. Sanjay MirankaChief Financial Officer

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F&O

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

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Fund holders

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

Portfolio month

Schemes holding

across 11 fund houses

Held by these funds

8.58%

of the company's equity

All mutual funds

11.22%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

53 schemes · 11 fund houses

		Shares
Portfolio of Kotak Mid Cap FundNEW	Kotak Mahindra Mutual Fund	1.97 Cr	912.48	1.28%	2.234%	—
Portfolio of Kotak Multi Cap FundNEW	Kotak Mahindra Mutual Fund	1.17 Cr	544.55	1.78%	1.333%	—
Portfolio of Kotak Large & Mid Cap FundNEW	Kotak Mahindra Mutual Fund	81 L	375.68	1.16%	0.92%	—
SMALL CAP FUND	Nippon India Mutual Fund	80.92 L	375.29	0.45%	0.919%	-0
Portfolio of Kotak Multi Asset Allocation Fund	Kotak Mahindra Mutual Fund	43.48 L	201.64	1.32%	0.494%	-0
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	41.22 L	191.16	1.46%	0.468%	-0
Portfolio of Kotak Focused Fund	Kotak Mahindra Mutual Fund	27.05 L	125.46	2.76%	0.307%	+70,677
Portfolio of Kotak Contra Fund	Kotak Mahindra Mutual Fund	24.52 L	113.71	2.06%	0.278%	-0

1–8 of 53

1 / 7

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Documents

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

Announcements

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

1 Oct 2026, 7:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	54.2%	55.8%	15.9%	61.1%	68.6%	73.6%	33.7%	52.7%
EBIT margin %	52%	52.8%	13.5%	58.4%	65.5%	71.7%	32.1%	51.3%
PAT margin %	—	1.1%	-24.1%	18.7%	35.3%	54.1%	-2.4%	8%
Working capital
Receivable days	—	—	—	2	—	—	—	—
Inventory days	—	—	—	—	0	0	0	0
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	8.55	28.28	8.09	8.36	6.59	18.33	13.44
Debt to equity	—	—	—	1.64	1.62	1.85	3.17	4.65
Interest coverage	1.4	1.1	0.3	1.7	2.2	2.4	0.9	1.3
Asset turnover	—	—	—	0.12	0.08	0.13	0.12	0.11
Return ratios
Return on assets %	—	—	—	2.3%	3%	7%	-0.3%	0.9%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	—	—	—	6.2%	10%	20.6%	-1.2%	5.2%

Date	Category	Subject	Filing
1 Oct 2026, 7:07 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
1 Oct 2026, 6:58 pm	Others Certificate from CEO/CFO	Certificate from CEO/CFO	PDF
30 Sept 2026, 4:03 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
28 Sept 2026, 11:43 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
28 Sept 2026, 9:45 pm	Board Meeting	Board Meeting Intimation For Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter Ending September 30, 2026.	PDF
28 Sept 2026, 9:36 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 9:32 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 9:31 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF

Poonawalla Fincorp Limited

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

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

1

16

2

Compounded sales growth

Compounded profit growth

Return on equity

Poonawalla Fincorp Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Upcoming and recent1

Dividends16

Board meetings2

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

16

2