Pasupati Fincap Ltd (511734)
🎯 Key Takeaways
- Pasupati Fincap Ltd appears to be in a distressed or dormant phase, with no operational revenue or profit generation over the past year and a negative ROE of -20.1%.
- ⚠️ Complete absence of revenue and operational activity raises concerns about business viability and potential delisting.
- Market Cap
- ₹12
- P/E Ratio
- 104.3
- P/B Ratio
- -13.20
- ROE
- -13.5%
- ROCE
- -758.3%
- Debt/Equity
- -0.96
- Promoter
- 11.6%
📖 The Story
Pasupati Fincap Ltd appears to be in a distressed or dormant phase, with no operational revenue or profit generation over the past year and a negative ROE of -20.1%. The company’s financials reflect a near-total collapse in business activity, yet it maintains a positive ROCE of 1009.5% due to extremely low asset bases and negative equity. It is likely a shell or defunct entity with no active operations, possibly undergoing voluntary delisting or regulatory scrutiny.
📰 What's Happening
The most recent quarterly filings (Jun 2026, Mar 2026) show zero revenue and operating profit, with management not disclosing any new business orders, expansions, or strategic initiatives. There are no indications of restructuring, asset sales, or capital raises in the available filings. The company has not announced any revival plans or changes in business model in recent quarters.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | 0 |
| OPM % | -140.0% | -200.0% | — | 75.6% |
| Net Profit | -0 | -0 | -0 | 0 |
| EPS | ₹-0.15 | ₹-0.17 | ₹-0.16 | ₹0.72 |
Revenue has been consistently zero across all recent quarters (Sep 2025 to Jun 2026), with operating losses persisting but showing erratic margin swings due to negligible base effects. Net losses have narrowed slightly in absolute terms but remain negative, and EPS has fluctuated between -0.16 and 0.72, reflecting minimal activity. There is no evidence of revenue recovery or cost optimization initiatives being disclosed.
🔮 Management Outlook & What's Next
Management has not provided any forward guidance, growth projections, or strategic commentary in the latest available filings. There are no announcements regarding new ventures, partnerships, or operational restarts. The absence of any business update or future outlook suggests either complete operational shutdown or deliberate silence ahead of potential regulatory action.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 |
| Reserves | -5 | -5 | -6 | -5 |
| Borrowings | 1 | 1 | 1 | 1 |
| Total Liabilities | 0 | 0 | 0 | 0 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 0 | 0 | 0 | 0 |
The balance sheet shows severely impaired financial health, with total assets reported as ₹0 and negative reserves, indicating cumulative losses have erased equity value. Borrowings remain minimal but stable at ₹1 crore, with no signs of repayment or new debt issuance. The company appears to be holding negligible cash or assets, with no active capital allocation strategy visible.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | -0 | -0 |
| Investing | 0 | 0 |
| Financing | +0 | +0 |
| Net Cash Flow | -0 | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 11.6% | 11.6% | 11.6% | 11.6% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 59.1% | 59.9% | 59.8% | 59.1% |
| # Shareholders | 2,730 | 2,672 | 2,659 | 2,675 |
Promoter holding remains unchanged at 11.55% with no pledging disclosed, but institutional (FII) and DII holdings are nearly negligible (0% and 0.02% respectively), showing minimal investor interest. The slight decline in public shareholding from 59.86% to 59.1% over quarters suggests minor retail exits, but no significant selling by promoters or institutions. Shareholder count has marginally decreased, reflecting possible delisting considerations or passive holding patterns.
⚖️ Peer Comparison — Trading
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Complete absence of revenue and operational activity raises concerns about business viability and potential delisting. 2. Negative equity and zero asset base expose the company to solvency and compliance risks. 3. Lack of management communication or strategic direction increases uncertainty around corporate governance. 4. Thin public shareholding and near-zero institutional interest may lead to illiquidity and price volatility.
📋 Recent Filings
- 🟡 Board Meeting2026-09-30Pasupati Fincap Limited announced the results of remote e-voting at its 31st Annual General Meeting held on September 28, 2026, where shareholders app…
- 🔴 Announcement2026-09-30Pasupati Fincap Ltd announced an open offer to acquire up to 12,22,000 fully paid-up equity shares from existing shareholders, as per the Securities a…
- 🔴 offer document2026-09-28Pasupati Fincap Ltd announced an open offer to acquire up to twelve lakh twenty-two thousand fully paid-up equity shares from existing shareholders, a…
- 🟡 Board Meeting2026-09-28Pasupati Fincap held its 31st AGM on September 28, 2026, at 12:00 PM IST via video conference, with 24 shareholders present including all four directo…
- Announcement2026-09-24Pasupati Fincap Ltd announced that its trading window will close on October 1, 2026, ahead of the un-audited quarterly results for September 30, 2026,…
- 🔴 offer document2026-09-24Pasupati Fincap Limited announced an open offer by Uday Narang to acquire up to 12,22,000 fully paid-up equity shares (26% of voting capital) at ₹12 p…
- 🟡 Board Meeting2026-09-10Pasupati Fincap Limited announced the appointment of Mr. Sagar Singh Rawat as Company Secretary and Compliance Officer effective September 10, 2026, f…
- 🟡 Board Meeting2026-09-10Pasupati Fincap announced the appointment of Sagar Singh Rawat as Company Secretary and Compliance Officer effective September 10, 2026, following boa…
- 🟡 voting results2026-09-03Pasupati Fincap Limited announced its 31st Annual General Meeting will be held on September 28, 2026, via video conference, with a remote e-voting win…
- 🔴 annual report2026-09-03Pasupati Fincap Limited filed its 31st Annual Report for FY 2025-26 with BSE on September 3, 2026, announcing the 31st AGM scheduled for September 28,…
🧠 Analyst's Read
Pasupati Fincap Ltd exhibits characteristics of a defunct or non-operational entity with no visible path to recovery. Investors should monitor for regulatory actions, delisting announcements, or any sudden changes in filing activity as potential catalysts. The stock is currently driven more by speculative interest than fundamentals, with minimal transparency or accountability in disclosures.
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 2026-09-30.
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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