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Last Updated: April 2, 2026, 4:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 508954 | NSE: FINKURVE

Finkurve Financial Services Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹60.82Fairly Valued by 7.84%vs CMP ₹56.40

P/E (36.0) × ROE (8.8%) × BV (₹23.50) × DY (2.00%)

₹32.02Overvalued by 43.23%vs CMP ₹56.40
MoS: -76.1% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹60.0124%Fair (+6.4%)
Graham NumberEarnings₹29.0017%Over (-48.6%)
Earnings PowerEarnings₹9.4311%Over (-83.3%)
DCFCash Flow₹16.7914%Over (-70.2%)
Net Asset ValueAssets₹23.528%Over (-58.3%)
EV/EBITDAEnterprise₹0.869%Over (-98.5%)
Earnings YieldEarnings₹15.908%Over (-71.8%)
ROCE CapitalReturns₹68.329%Under (+21.1%)
Consensus (8 models)₹32.02100%Overvalued
Key Drivers: Wide model spread (₹1–₹68) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -1.3%

*Investments are subject to market risks

Investment Snapshot

59
Finkurve Financial Services Ltd scores 59/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 11.4% AverageROE 8.8% AverageD/E 7.14 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.81% (6mo) Slight increasePromoter holding at 56.2% Stable
Earnings Quality60/100 · Moderate
Working capital: -38 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Profit (4Q): +19% YoY Positive
Industry Rank65/100 · Strong
P/E 36.0 vs industry 101.6 Cheaper than peersROCE 11.4% vs industry 15.8% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:36 am

Market Cap 789 Cr.
Current Price 56.4
Intrinsic Value₹32.02
High / Low 154/48.0
Stock P/E36.0
Book Value 23.5
Dividend Yield0.00 %
ROCE11.4 %
ROE8.81 %
Face Value 1.00
PEG Ratio-27.09

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Finkurve Financial Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Finkurve Financial Services Ltd 789 Cr. 56.4 154/48.036.0 23.50.00 %11.4 %8.81 % 1.00
Capital India Finance Ltd 825 Cr. 21.1 44.5/20.4 17.20.09 %6.34 %0.30 % 2.00
Aryaman Financial Services Ltd 751 Cr. 613 1,100/45022.5 1230.00 %31.9 %31.3 % 10.0
Fedders Holding Ltd 691 Cr. 34.3 63.5/28.611.4 32.80.00 %7.37 %7.05 % 1.00
Crest Ventures Ltd 935 Cr. 329 450/29819.6 4440.30 %9.68 %7.70 % 10.0
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of Finkurve Financial Services Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue14.0617.2919.9923.0623.6423.3528.4331.9039.8740.2839.8848.0551.96
Interest 1.461.491.571.171.651.782.493.904.335.627.088.3613.60
Expenses 6.8412.1615.7516.3015.3115.0420.0423.4127.5429.0625.3831.6428.34
Financing Profit5.763.642.675.596.686.535.904.598.005.607.428.0510.02
Financing Margin %40.97%21.05%13.36%24.24%28.26%27.97%20.75%14.39%20.07%13.90%18.61%16.75%19.28%
Other Income 0.000.060.040.040.070.080.080.230.130.140.160.090.51
Depreciation 0.130.160.120.120.120.120.080.160.320.500.750.750.59
Profit before tax 5.633.542.595.516.636.495.904.667.815.246.837.399.94
Tax % 22.38%36.16%26.25%20.87%25.79%24.65%25.59%25.54%27.91%25.38%25.48%19.89%29.88%
Net Profit 4.372.261.904.364.914.894.393.475.643.915.095.926.98
EPS in Rs 0.340.180.150.340.390.390.350.270.440.310.360.420.50
Gross NPA %
Net NPA %

Last Updated: March 3, 2026, 9:52 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:15 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue0291012151620445090141180
Interest 0289812873561735
Expenses 0000223713266299114
Financing Profit-001131562720222531
Financing Margin %-123%9%9%8%21%8%33%31%63%39%24%17%17%
Other Income 0000000000001
Depreciation 0000000000013
Profit before tax -001131562720212429
Tax % -27%18%30%32%32%33%25%26%20%27%24%26%
Net Profit -001121452214161722
EPS in Rs -0.030.010.050.060.190.080.320.361.701.131.271.371.59
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%100.00%-50.00%300.00%25.00%340.00%-36.36%14.29%6.25%
Change in YoY Net Profit Growth (%)0.00%100.00%-150.00%350.00%-275.00%315.00%-376.36%50.65%-8.04%

Finkurve Financial Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:53%
5 Years:54%
3 Years:48%
TTM:54%
Compounded Profit Growth
10 Years:62%
5 Years:34%
3 Years:53%
TTM:-2%
Stock Price CAGR
10 Years:23%
5 Years:18%
3 Years:26%
1 Year:-19%
Return on Equity
10 Years:7%
5 Years:7%
3 Years:9%
Last Year:9%

Last Updated: September 5, 2025, 3:30 pm

Balance Sheet

Last Updated: February 1, 2026, 2:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101010101013131313131314
Reserves 111244119123145160176194315
Borrowing4307275110937376245275241382
Other Liabilities 00173013410202931
Total Liabilities 14418393127107206215186235284477741
Fixed Assets 00000000111811
CWIP 0000000000089
Investments 101010101010111354355
Other Assets 431738311797195202180229279456716
Total Assets 14418393127107206215186235284477741

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -4-24-338-3030-84629-20-7-134
Cash from Investing Activity + 0-0-0-0-0-0-1-128-1-6-5
Cash from Financing Activity + 32533-628-2985-4-562318145
Net Cash Flow 0102-31-011247
Free Cash Flow -4-24-338-3030-84628-21-14-138
CFO/OP 35,900%-1,357%-349%89%-276%234%-622%63%115%-66%-12%-308%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-4.00-30.00-72.00-75.00-108.00-91.00-70.00-69.00-11.00-26.00-13.00-142.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 0010001100000
Inventory Days
Days Payable
Cash Conversion Cycle 0010001100000
Working Capital Days 4,2706362,6462,40146120-247-25-22-50-29-38
ROCE %-0%6%15%12%10%11%9%6%5%12%11%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 54.60%54.60%54.60%54.60%58.99%58.99%58.99%61.70%62.07%62.07%56.26%56.24%
FIIs 5.84%5.84%5.84%5.84%5.84%5.84%5.84%5.84%5.89%6.61%6.71%6.70%
Public 39.56%39.56%39.56%39.55%35.17%35.17%35.16%32.45%32.05%31.32%37.04%37.05%
No. of Shareholders 1,3711,3191,3991,8812,2992,1021,8832,7442,8882,7242,7882,976

Shareholding Pattern Chart

No. of Shareholders

Finkurve Financial Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 1.550.360.360.090.20
Diluted EPS (Rs.) 1.550.360.360.090.20
Cash EPS (Rs.) 1.610.430.350.100.16
Book Value[Excl.RevalReserv]/Share (Rs.) 12.4611.0410.681.931.84
Book Value[Incl.RevalReserv]/Share (Rs.) 12.4611.0410.681.931.84
Revenue From Operations / Share (Rs.) 4.462.211.9442.8230.90
PBDIT / Share (Rs.) 2.291.131.101.361.09
PBIT / Share (Rs.) 2.231.061.061.341.08
PBT / Share (Rs.) 1.960.500.410.130.24
Net Profit / Share (Rs.) 1.560.360.310.090.15
NP After MI And SOA / Share (Rs.) 1.550.360.310.080.20
PBDIT Margin (%) 51.3351.0456.733.163.53
PBIT Margin (%) 50.0247.9854.623.123.49
PBT Margin (%) 43.9822.8821.400.310.79
Net Profit Margin (%) 34.8916.5116.310.210.51
NP After MI And SOA Margin (%) 34.8716.3516.490.200.66
Return on Networth / Equity (%) 12.473.323.045.2712.70
Return on Capital Employeed (%) 17.819.249.6055.9834.86
Return On Assets (%) 10.592.041.880.751.48
Long Term Debt / Equity (X) 0.000.000.000.270.75
Total Debt / Equity (X) 0.140.550.555.707.14
Asset Turnover Ratio (%) 0.210.090.100.120.11
Current Ratio (X) 6.692.792.821.201.24
Quick Ratio (X) 6.692.792.821.161.20
Interest Coverage Ratio (X) 8.502.031.711.131.31
Interest Coverage Ratio (Post Tax) (X) 6.781.661.491.081.19
Enterprise Value (Cr.) 791.08620.63633.72457.66604.88
EV / Net Operating Revenue (X) 13.9922.1625.761.112.03
EV / EBITDA (X) 27.2543.4145.4134.9557.31
MarketCap / Net Operating Revenue (X) 13.6219.8823.210.881.66
Price / BV (X) 4.874.044.2822.3631.91
Price / Net Operating Revenue (X) 13.6219.8823.210.881.66
EarningsYield 0.020.010.010.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Finkurve Financial Services Ltd. is a Public Limited Listed company incorporated on 23/03/1984 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65990MH1984PLC032403 and registration number is 032403. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 140.48 Cr. and Equity Capital is Rs. 12.69 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)202/A, 2nd Floor, Trade World, D-Wing , Mumbai Maharashtra 400013Contact not found
Management
NamePosition Held
Mr. Ketan KothariChairman
Mr. Priyank KothariNon Executive Director
Mr. Nishant RankaIndependent Director
Mrs. Aastha Vishal SolankiIndependent Director
Mr. Himadri BhattacharyaIndependent Director
Mr. Raghupathi Narayanarao CavaleIndependent Director

FAQ

What is the intrinsic value of Finkurve Financial Services Ltd and is it undervalued?

As of 12 April 2026, Finkurve Financial Services Ltd's intrinsic value is ₹32.02, which is 43.23% lower than the current market price of ₹56.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.81 %), book value (₹23.5), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Finkurve Financial Services Ltd?

Finkurve Financial Services Ltd is trading at ₹56.40 as of 12 April 2026, with a FY2026-2027 high of ₹154 and low of ₹48.0. The stock is currently near its 52-week low. Market cap stands at ₹789 Cr..

How does Finkurve Financial Services Ltd's P/E ratio compare to its industry?

Finkurve Financial Services Ltd has a P/E ratio of 36.0, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Finkurve Financial Services Ltd financially healthy?

Key indicators for Finkurve Financial Services Ltd: ROCE of 11.4 % is moderate. Dividend yield is 0.00 %.

Is Finkurve Financial Services Ltd profitable and how is the profit trend?

Finkurve Financial Services Ltd reported a net profit of ₹17 Cr in Mar 2025 on revenue of ₹141 Cr. Compared to ₹22 Cr in Mar 2022, the net profit shows a declining trend.

Does Finkurve Financial Services Ltd pay dividends?

Finkurve Financial Services Ltd has a dividend yield of 0.00 % at the current price of ₹56.40. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Finkurve Financial Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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