Overview

Detailed Summary

Finkurve Financial Services Limited is a technology-led NBFC focused primarily on retail gold-backed lending, operating as part of the Augmont group with a network of 98 branches and Q3FY26 AUM of INR 833 crore (includes off‑book). The company leverages Augmont’s refinery, digital gold and distribution ecosystem to source customers and manage gold collateral efficiently across southern India.
The company is in a high-growth phase: AUM rose 119% YoY to INR 833 crore, gold loan AUM reached INR 779 crore while gold under management climbed 57% YoY to 971 kg; branch count expanded from 72 to 98 and active customers increased 66% YoY, demonstrating strong traction in retail gold lending.
Finkurve’s asset quality appears resilient with NNPA at 0.54% in Q3FY26 and collection efficiency sustained at 94%, while conservative underwriting yields an LTV around 65.8%; however capital adequacy declined to 39.3% and leverage rose to 1.67x, signalling a deliberate step-up in funded growth that management plans to manage prudently.
The company benefits from a distinctive strategic moat: integration with Augmont’s gold handling, BIS/NABL accreditation and AEO status, a proprietary loan origination platform with AI-driven surveillance and dual verification controls, and partnerships with banks and NBFCs including RBL for co-lending, which collectively reduce operational fraud risk and speed up scaling.
Profitability is improving but remains shaped by growth investments: Q3 FY26 total income rose 31% YoY to INR 52.47 crore and PAT was INR 6.98 crore; NIM contracted to 15.2% due to higher finance costs and leverage, but management expects normalization as funding mix diversifies and scale drives operating leverage.

Sector: Finance
Industry: Non Banking Financial Company (NBFC)
Market Cap: 1,445 Cr
Volatility: Low Risk
P/E Ratio: 73.5
Industry P/E: 17.3
PEG Ratio: 0.2
P/B Ratio: 9.1
52W High: 134.30
52W Low: 49.06

Sales CAGR

1Y: 99.79%
3Y: 83.65%
5Y: 53.83%
10Y: 35.01%

Profit CAGR

1Y: 334.58%
3Y: -6.95%
5Y: 34.00%
10Y: 47.54%

ROE

TTM: 12.49%
3Y: 8.42%
5Y: 8.58%
10Y: 7.83%

ROCE

TTM: 15.44%
3Y: 10.47%
5Y: 10.84%
10Y: 11.02%

Technicals

‌

Forecasts

Peers

Financial Services Financial Services Finance

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
ARMANFIN		1628.15	1,732 Cr	30.59	1.86	0.00	6.06	10.43	2.02
GRANDOAK		34.00	1,703 Cr	—	2.01	0.00	0.01	0.00	0.14
BLIL		70.53	1,566 Cr	8.77	1.09	2.88	12.39	23.93	7.90
UGROCAP		95.83	1,484 Cr	8.49	0.51	0.00	6.02	8.73	—
FINKURVE		63.01	1,445 Cr	73.45	9.14	0.00	12.49	15.44	12.24
AKCAPIT		1690.00	1,115 Cr	10.11	1.07	1.30	10.55	9.43	2.66
CREST		377.45	1,074 Cr	22.93	0.82	0.26	3.58	4.60	2.49
Median: 7 Co.	—	95.83	1,484 Cr	16.52	1.09	0.00	6.06	9.43	2.57

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Dec 2023
Revenue	11	6.33	7.25	5.56	8.88	8.10	10	10	28	24
Expenses	4.31	2.28	2.18	4.58	5.28	5.04	6.42	10	6.59	15
Interest	3.75	1.79	1.79	1.85	1.60	0.55	1.76	0.59	0.52	1.65
Financing Profit	2.49	2.26	3.28	-0.87	2.00	2.51	2.31	-0.46	21	6.68
Financing Margin %	23.60	35.70	45.24	-15.65	22.52	30.99	22.02	-4.51	74.37	28.26
Other Income	0.29	0.03	0.17	0.53	-0.20	0.20	0.02	0.15	0.24	0.07
Depreciation	0.25	0.18	0.17	0.17	0.34	0.18	0.22	0.22	0.13	0.12
Profit Before Tax	2.53	2.09	3.28	-0.51	1.46	2.54	2.12	-0.52	21	6.63
Tax %	49.41	26.79	24.09	15.69	35.62	26.38	26.89	-32.69	17.99	25.79
Net Profit	1.28	1.53	2.49	-0.43	0.95	1.87	1.54	-0.68	17	4.91
EPS in Rs	0.10	0.11	0.18	-0.04	0.06	0.14	0.11	-0.05	1.21	0.35
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Revenue	414	920	494	326	298	17	25	28	57	72
Expenses	414	917	484	317	288	4.96	11	14	28	38
Interest	0.68	1.64	8.39	9.08	8.06	12	8.17	7.03	3.42	4.52
Financing Profit	-0.52	1.49	1.72	0.51	2.02	0.58	5.56	6.65	25	29
Financing Margin %	-0.13	0.16	0.35	0.16	0.68	3.39	22.59	23.73	44.21	40.46
Other Income	0.35	0.43	0.42	0.53	0.48	0.33	0.28	0.53	0.62	0.48
Depreciation	0.09	0.14	0.15	0.11	0.11	0.15	0.52	0.86	0.74	0.69
Profit Before Tax	-0.27	1.77	1.99	0.93	2.39	0.76	5.32	6.32	25	29
Tax %	-34.80	29.66	33.29	31.93	35.81	37.71	23.55	28.23	20.66	21.34
Net Profit	-0.37	1.25	1.33	0.63	1.53	0.47	4.07	4.54	20	23
EPS in Rs	—	—	—	—	—	0.03	0.29	0.32	1.41	1.63
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	1.38	9.66	9.66	9.66	9.66	9.66	9.66	13	13	13
Reserves	10	1.50	2.11	3.30	3.90	5.87	5.84	121	125	145
Borrowings	14	4.41	31	72	75	111	93	73	76	24
Other Liabilities	4.11	2.09	2.35	3.33	9.07	6.48	3.40	8.34	11	4.42
Total Liabilities	30	18	45	88	98	133	112	215	225	186
Fixed Assets	0.40	0.38	0.31	0.21	0.29	0.42	0.55	2.06	1.91	0.62
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.90	2.46	4.20	5.09
Other Assets	30	17	45	88	97	132	111	211	219	180
Total Assets	30	18	45	88	98	133	112	215	225	186

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from Operating Activity	1.42	12	-23	-35	6.72	-28	30	-81	4.21	28
Cash from Investing Activity	-1.17	0.70	0.18	-0.49	0.21	-1.43	-0.37	-2.24	-0.42	20
Cash from Financing Activity	-1.54	-11	25	33	-5.79	28	-29	85	-4.40	-56
Net Cash Flow	-1.29	2.21	2.00	-2.47	1.13	-1.35	0.87	2.28	-0.61	-7.61

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	May 2025	Jun 2025	Jul 2025	Sep 2025	Oct 2025	Dec 2025	Mar 2026
Promoters	58.99%	58.99%	58.99%	61.70%	62.07%	59.73%	56.26%	56.26%	56.26%	56.26%	56.24%	56.24%
FIIs	5.84%	5.84%	5.84%	5.84%	5.89%	5.70%	5.99%	6.70%	6.70%	6.70%	6.70%	7.03%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	35.17%	35.17%	35.17%	32.46%	32.05%	34.57%	37.75%	37.04%	37.04%	37.04%	37.05%	36.73%
Total Shareholders	2,299	2,102	1,883	2,744	2,888	2,795	2,813	2,822	2,788	2,788	2,976	3,356

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Actions

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Announcements

Last 7 days

Newest

Sentiment

NCD issuance

3 days ago

Board to consider Rs.100 crore NCD issuance on June 15, 2026

Finkurve Financial Services will hold a Board meeting on 15-Jun-2026 to consider raising up to Rs.100 crore via private placement of non-convertible debentures (face value Rs.10,000 each) through the EBP.

NCD Fundraising

3 days ago

Board Meeting to Consider Rs.100 Cr NCD Issue

Finkurve Financial Services will hold a board meeting on June 15, 2026 to consider approving up to Rs.100 crore raised via private placement of non-convertible debentures (face value ₹10,000 each) through EBP.

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Frequently Asked Questions about Finkurve Financial Services Ltd

Finkurve Financial Services Ltd (FINKURVE) is currently trading at 63.01 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Finkurve Financial Services Limited is a technology-led NBFC focused primarily on retail gold-backed lending, operating as part of the Augmont group with a network of 98 branches and Q3FY26 AUM of INR 833 crore (includes off‑book). The company leverages Augmont’s refinery, digital gold and distribution ecosystem to source customers and manage gold collateral efficiently across southern India. The company is in a high-growth phase: AUM rose 119% YoY to INR 833 crore, gold loan AUM reached INR 779 crore while gold under management climbed 57% YoY to 971 kg; branch count expanded from 72 to 98 and active customers increased 66% YoY, demonstrating strong traction in retail gold lending. Finkurve’s asset quality appears resilient with NNPA at 0.54% in Q3FY26 and collection efficiency sustained at 94%, while conservative underwriting yields an LTV around 65.8%; however capital adequacy declined to 39.3% and leverage rose to 1.67x, signalling a deliberate step-up in funded growth that management plans to manage prudently. The company benefits from a distinctive strategic moat: integration with Augmont’s gold handling, BIS/NABL accreditation and AEO status, a proprietary loan origination platform with AI-driven surveillance and dual verification controls, and partnerships with banks and NBFCs including RBL for co-lending, which collectively reduce operational fraud risk and speed up scaling. Profitability is improving but remains shaped by growth investments: Q3 FY26 total income rose 31% YoY to INR 52.47 crore and PAT was INR 6.98 crore; NIM contracted to 15.2% due to higher finance costs and leverage, but management expects normalization as funding mix diversifies and scale drives operating leverage.

Over the past 52 weeks, Finkurve Financial Services Ltd has traded between a low of ₹49.06 and a high of ₹134.30. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Finkurve Financial Services Ltd has a market capitalization of approximately 1,444.85. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Finkurve Financial Services Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 73.45 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 1,444.85 Cr, Finkurve Financial Services Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Finkurve Financial Services Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Finkurve Financial Services Ltd is 73.45. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

FY26 net profit was ₹26.03 crore, up 49.33% from ₹17.41 crore in FY25.

Finkurve Financial Services Ltd

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