Capfin India Ltd (539198)
🎯 Key Takeaways
- Capfin India Ltd appears to be in a distressed or dormant phase, with no revenue or operating profit reported across multiple quarters dating back to 2010, and minimal financial activity in recent periods. The company maintains a near-zero debt profile and negligible cash outflows, but shows no signs of operational revival.
- Revenue grew 0% QoQ to ₹0 in Q1FY14.
- ⚠️ 1) Persistent lack of revenue and operational activity over more than a decade raises concerns about business viability. 2) Absence of management comm
- Market Cap
- ₹55
- P/B Ratio
- 6.77
- Debt/Equity
- 0.01
- Promoter
- 71.1%
📖 The Story
Capfin India Ltd appears to be in a distressed or dormant phase, with no revenue or operating profit reported across multiple quarters dating back to 2010, and minimal financial activity in recent periods. The company maintains a near-zero debt profile and negligible cash outflows, but shows no signs of operational revival. Its financial trajectory suggests prolonged inactivity rather than active business operations.
📰 What's Happening
The most recent filing available is from March 2026, showing a balance sheet with ₹10 crore in total assets and ₹6 crore in equity plus reserves, but no operational metrics were disclosed. Earlier quarterly results from 2010–2011 indicate zero revenue and operating profit, with management not reporting any new business initiatives or orders in recent filings. There is no evidence of new contracts, expansions, or strategic shifts in the disclosed content.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2010 | Sep 2011 | Jun 2013 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Operating Profit | 0 | 0 | 0 |
| OPM % | 66.7% | 75.0% | 50.0% |
| Net Profit | 0 | 0 | 0 |
| EPS | ₹0.03 | ₹0.03 | ₹0.04 |
Revenue and operating profit have remained consistently zero across all available quarterly filings, including the most recent periods, indicating a complete halt in business activity. Despite this, the company has not reported losses beyond minimal administrative costs, suggesting no significant financial deterioration recently. The absence of revenue trends over time reflects a stagnant or suspended operational model rather than cyclical underperformance.
🔮 Management Outlook & What's Next
There is no available forward guidance or management commentary on future business plans, growth strategies, or revival efforts in the provided filing content. Management has not addressed operational restart timelines, new revenue targets, or capital deployment plans in any disclosed statement.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 3 | 3 | 4 | 3 |
| Reserves | 4 | 0 | 4 | 3 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 7 | 3 | 10 | 6 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 4 | 4 |
| Total Assets | 7 | 3 | 10 | 6 |
The balance sheet shows a conservative capital structure with no borrowings and a gradual increase in equity and reserves over time, suggesting prudent but passive financial management. Total assets have grown modestly, primarily through retained earnings or revaluation, but without corresponding operational investment. This indicates a capital-preserving stance rather than an aggressive growth or restructuring strategy.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | -0 | +2 |
| Investing | -1 | -4 |
| Financing | +4 | +4 |
| Net Cash Flow | +2 | +2 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 66.2% | 66.2% | 71.2% | 71.1% |
| FII | 0.0% | 0.0% | 3.8% | 6.6% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 13.6% | 13.6% | 10.3% | 9.4% |
| # Shareholders | 1,136 | 1,013 | 995 | 976 |
Promoter holding has remained stable around 66–71%, but there was a notable decline in promoter stake from Q3FY26 (66.18%) to Q4FY26 (71.18% — likely a reporting anomaly or share issuance), while FII and DII interest remains extremely low. Public shareholding has fluctuated but shows no clear trend of accumulation or exit. The shareholder base is highly concentrated with minimal institutional participation.
⚖️ 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 lack of revenue and operational activity over more than a decade raises concerns about business viability. 2) Absence of management communication regarding revival plans or future earnings visibility increases uncertainty. 3) Low liquidity and minimal trading volume could lead to high volatility if any market interest emerges.
📋 Recent Filings
- 🟡 Board Meeting2026-09-29Capfin India held its 34th AGM on September 29, 2026 at 12:00 PM IST via video conferencing, concluding at 12:28 PM after approving audited financial …
- 🔴 Corporate Action2026-09-29Capfin India announced that 150,000 convertible warrants originally allotted on March 28, 2025, at Rs. 340 per warrant, will be forfeited effective Se…
- 🟡 Board Meeting2026-09-07Capfin India announced its 34th Annual General Meeting scheduled for September 29, 2026, at 12:00 PM IST via video conferencing, with resolutions to a…
- 🔴 annual report2026-09-07Capfin India Limited announced its 34th Annual General Meeting (AGM) scheduled for September 29, 2026, at 12:00 PM IST via Video Conferencing. The not…
- 🔴 annual report2026-09-07Capfin India informed shareholders that the FY2025-26 Annual Report and notice of the 34th AGM are available on its website and stock exchange portals…
🧠 Analyst's Read
The company appears to be in a dormant state with no visible path to operational revival, making it a high-risk proposition with limited upside potential. Investors should monitor for any future disclosures indicating business restart, new contracts, or management-driven turnaround initiatives before considering any engagement.
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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