SG Finserve Ltd
- Market cap
- ₹ 4,090 Cr.
- P/E
- 22.9x
- P/B
- 2.77x
- 52-week range
- 323 – 727.45
- ROE
- 10%
- Dividend yield
- 0%
- Debt / equity
- 1.85
- Sector
- Finance
- Industry
- Non Banking Financial Company (NBFC)
- Listed on
- NSE, BSE
About
SG Finserve Limited is an India-based Non-Banking Finance company (NBFC), which caters to Supply Chain Financing solutions for Indian corporates. The Company is primarily engaged in lending activities management. It offers solutions in dealer financing, retailer financing, vendor financing, logistics/ transporter financing and tailor-made term lending solutions. The dealer financing is a specialized financial solution designed to support dealerships in acquiring and managing inventory. The retailer financing solution involves the retailer offering financial support to suppliers. The vendor financing is a financial arrangement where a company provides financing to its suppliers, allowing them to access capital to support their operations. The logistics or transporter financing solution is provided to meet the financial needs of logistics companies, freight carriers, and transporters. The tailor-lending solution business entity secures a loan by pledging property.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Non Banking Financial Company (NBFC): 288 companies →SG Finserve Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)22.9 against a typical 22.5: pricier than most peers (1st = cheapest).147th of 284
- Sales growth+114.7% against a typical +18.3% from a year earlier.39th of 259
- Profit growth+110.7% against a typical +20.2% from a year earlier.47th of 214
- Share price, 3 months−4.4% against a typical −4.2%.131st of 258
- Size₹ 4,089.8 Cr. market value against a typical ₹ 43 Cr. (1st = largest).21st of 269
Latest announcements
Exchange filings and their impact on the company.
- Strong Q2 results extend 100% growth run, plus Rs 48 cr GIFT City expansion and AI capability buy.
SG Finserve reported unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026, continuing its rapid NBFC loan-book growth. The board also approved a 15.5% stake in Succesship Technologies for Rs 4.65 crore for in-house AI and digital lending, a 24.5% associate stake in group shared-services firm SG Enterprise Solutions for Rs 1.22 lakh, and up to USD 5 million or about Rs 48 crore to set up a GIFT City finance subsidiary. The results confirm strong momentum while the small-ticket investments build digital and offshore growth options.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA to AA- by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA- | Stable | 21 Sep 2026 |
| ICRA | [ICRA]AA(CE) | Stable | 29 Jun 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 21 Sep 2026 | New rating | Crisil AA- | — | CRISIL | ₹ 700 Cr. | |
| 29 Jun 2026 | Reaffirmed | [ICRA]AA(CE) | — | ICRA | ₹ 2,950 Cr. | |
| 5 May 2026 | Reaffirmed | [ICRA]AA(CE) | — | ICRA | ₹ 3,000 Cr. | |
| 7 Apr 2026 | Withdrawn | — | — | CRISIL | ₹ 1,000 Cr. | |
| 31 Mar 2026 | Reaffirmed | [ICRA]AA(CE) | — | ICRA | ₹ 3,000 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 16 Oct 2026 | Financial Results | To consider and approve the Unaudited Financial Results(Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. |
| 14 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 16 Apr 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 16 Feb 2026 | Other business matters | To consider and approve the modifications in terms and conditions of Non-Convertible Debentures (NCDs) |
| 23 Jan 2026 | Financial Results/Other business matters | To consider and approve the unaudited financial results of the Company for the quarter and nine months period ended 31st December 2025 and Shared Based Employee Benefit Scheme in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, |
| 13 Oct 2025 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended September 30, 2025 and Fund Raising |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52 | 59 | 44 | 31 | 42 | 54 | 68 | 75 | 86 | 105 | 136 | 161 |
| Interest | 18 | 21 | 12 | 0 | 1 | 19 | 25 | 30 | 36 | 43 | 54 | 68 |
| Expenses | 5 | 7 | 6 | 10 | 9 | 4 | 9 | 6 | 6 | 6 | 10 | 13 |
| Financing Profit | 29 | 31 | 25 | 21 | 32 | 31 | 34 | 39 | 43 | 56 | 72 | 80 |
| Financing Margin % | 55% | 53% | 58% | 67% | 76% | 58% | 50% | 52% | 50% | 53% | 53% | 49% |
| Other Income | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 29 | 32 | 26 | 21 | 32 | 31 | 34 | 38 | 43 | 56 | 72 | 79 |
| Tax % | 25% | 25% | 26% | 32% | 26% | 23% | 28% | 26% | 25% | 25% | 25% | 26% |
| Net Profit | 22 | 24 | 19 | 14 | 24 | 24 | 25 | 28 | 32 | 42 | 54 | 59 |
| EPS in Rs | 3.94 | 4.33 | 3.47 | 2.53 | 4.24 | 4.26 | 4.39 | 5.08 | 5.81 | 6.48 | 8.15 | 8.92 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 56%
- 5 Years
- 169%
- 3 Years
- 100%
- TTM
- 104%
- 10 Years
- 107%
- 5 Years
- 141%
- 3 Years
- 91%
- TTM
- 86%
- 10 Years
- 48%
- 5 Years
- 113%
- 3 Years
- 7%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 10%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| SG Finserve Ltd | ₹ 650.00 | ₹ 4,090 Cr. | 22.9x | 2.8x | 10% | — |
| REC | ₹ 293.65 | ₹ 77,325 Cr. | 5.7x | 1.1x | 20% | 27.4% |
| Altius Telecom Infrastructure Trust | ₹ 170.00 | ₹ 0 Cr. | 46.7x | 4.5x | 8.3% | 4.6% |
| National Highways Infra Trust | ₹ 168.00 | ₹ 35,928 Cr. | 47.7x | 1.5x | 3% | 16% |
| IndiGrid Infrastructure Trust | ₹ 164.83 | ₹ 15,701 Cr. | 39.1x | 2.8x | 7% | 8.4% |
| Indus Infra Trust | ₹ 124.00 | ₹ 7,576 Cr. | 15x | 1.2x | — | 56.5% |
Management
- Vinay Gupta
- Chief Executive Officer
- Sanjay Rajput
- Chief Financial Officer
- Vivekanand Tiwari
- Chief Operating Officer, Chief Information Security Officer
- Ankit Sharma
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.