Voltaire Leasing & Finance Ltd (509038)
🎯 Key Takeaways
- Voltaire Leasing & Finance Ltd appears to be in a distressed or dormant phase, with no meaningful revenue generation in recent quarters and persistent losses reflected in negative ROE and ROCE. The company has not expanded operations or announced new strategic initiatives, and its financials suggest minimal or no active business activity despite a recent 43% one-year return, likely due to market speculation or thin trading.
- Revenue declined 44.6% QoQ to ₹0 in Q3FY18.
- ⚠️ 1) Persistent dormancy and lack of revenue generation pose existential questions about the company's purpose and regulatory compliance. 2) Negative pr
- Market Cap
- ₹9
- P/B Ratio
- 0.48
- ROE
- 0.0%
- ROCE
- -2.3%
- Debt/Equity
- 0.00
- Promoter
- 2.9%
📖 The Story
Voltaire Leasing & Finance Ltd appears to be in a distressed or dormant phase, with no meaningful revenue generation in recent quarters and persistent losses reflected in negative ROE and ROCE. The company has not expanded operations or announced new strategic initiatives, and its financials suggest minimal or no active business activity despite a recent 43% one-year return, likely due to market speculation or thin trading.
📰 What's Happening
There are no recent operational developments or management announcements in the provided filings. The most recent quarterly financials (Dec 2017–Mar 2017) show zero revenue and negative operating performance, with no new orders, expansions, or restructuring plans disclosed. The company has not made any public strategic shifts or capital raises in the period covered.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
|---|---|---|---|---|
| Revenue | 2 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | -0 |
| OPM % | -18.4% | — | -262.1% | -504.4% |
| Net Profit | -1 | 0 | 0 | -0 |
| EPS | ₹-1.21 | ₹0.13 | ₹0.11 | ₹-0.08 |
Revenue has collapsed from ₹2 crore in March 2017 to ₹0 in all subsequent quarters, with operating margins deteriorating sharply into negative territory. Net losses persist despite minor EPS fluctuations, indicating no path to profitability. The financial trajectory reflects a business in decline or inactive, with no signs of revenue recovery or cost control measures improving margins.
🔮 Management Outlook & What's Next
There is no available forward guidance or management commentary on future prospects in the provided filing content. Management did not provide any projections, strategic roadmap, or commentary on business revival in the latest annual or quarterly reports.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2017 | Mar 2018 |
|---|---|---|
| Equity Capital | 4 | 4 |
| Reserves | 15 | 15 |
| Borrowings | 0 | 0 |
| Total Liabilities | 20 | 21 |
| Fixed Assets | 0 | 0 |
| Investments | 2 | 5 |
| Total Assets | 20 | 21 |
The balance sheet remains extremely light, with total assets of ₹21 crore and no borrowings or significant liabilities. Equity and reserves have remained flat, suggesting no reinvestment or capital infusion. The company is not investing in growth or deleveraging, but simply maintaining a minimal asset base with no active financing needs.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2017 |
|---|---|
| Operating | +3 |
| Investing | -3 |
| Financing | +0 |
| Net Cash Flow | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 2.9% | 2.9% | 2.9% | 2.9% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 59.2% | 59.3% | 59.4% | 57.7% |
| # Shareholders | 1,600 | 1,643 | 1,628 | 1,638 |
Promoter holding remains negligible at 2.91% with no changes, and institutional ownership (FII/DII) is entirely absent. Public shareholding has slightly increased over recent quarters, but with over 1,600 shareholders, the stock appears widely dispersed and illiquid. There are no signals of investor confidence or accumulation from major players.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.13 L Cr | 30.2 | 10.4% | — | 3.82 |
| BAJAJFINSV | 2.80 L Cr | 27.5 | 11.4% | — | 5.50 |
| SHRIRAMFIN | 2.30 L Cr | 17.3 | 11.5% | — | 3.80 |
| ICICIAMC | 1.59 L Cr | 31.8 | 111.5% | — | 0.00 |
| JIOFIN | 1.45 L Cr | 68.4 | 2.3% | — | 0.17 |
| CHOLAFIN | 1.40 L Cr | 24.2 | 9.3% | — | 6.93 |
| TATACAP | 1.39 L Cr | 25.4 | 8.4% | — | 5.28 |
| BAJAJHLDNG | 1.21 L Cr | 13.6 | 12.4% | — | 0.00 |
| MUTHOOTFIN | 1.11 L Cr | 9.8 | 14.4% | — | 3.88 |
| PFC | 1.09 L Cr | 4.2 | 9.8% | — | 7.62 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent dormancy and lack of revenue generation pose existential questions about the company's purpose and regulatory compliance. 2) Negative profitability metrics (ROE, ROCE, margins) with no path to recovery increase the risk of delisting or regulatory scrutiny. 3) Extremely low trading liquidity and lack of institutional interest make the stock vulnerable to volatility and manipulation.
📋 Recent Filings
- Announcement2026-09-29Voltaire Leasing & Finance Ltd announced a trading window closure effective October 1, 2026, lasting 48 hours after the un-audited Q2 FY2027 results d…
- 🔴 Corporate Action2026-09-29Voltaire Leasing & Finance Limited confirmed on September 29, 2026, that it issued no non-convertible securities during Q3 FY27, making dividend or in…
- 🟡 Board Meeting2026-09-24Voltaire Leasing & Finance held its 42nd AGM on September 24, 2026 via video conference, approving audited standalone financial statements for FY2026 …
- 🟡 Board Meeting2026-09-03Voltaire Leasing & Finance announced a book closure from September 18 to 24, 2026, to record shareholders for its upcoming Annual General Meeting, dur…
- 🔴 annual report2026-09-03Voltaire Leasing & Finance Limited (CIN: L74110WB1984PLC289072) held its 42nd Annual General Meeting on September 24, 2026 via Video Conferencing, app…
🧠 Analyst's Read
The company lacks a viable business model or operational momentum, and investor interest appears driven more by speculative activity than fundamentals. Key next steps to watch include any announcement of revival plans, regulatory filings related to operations, or changes in management control or business focus.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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