Shalibhadra Finance
- P/E
- 11x
- 52-week range
- 66.6 – 91.95
- ROE
- 12%
- Sector
- Finance
- Industry
- Non Banking Financial Company (NBFC)
- Listed on
- NSE, BSE
About
Shalibhadra Finance Limited is an India-based non-banking financial company. The Company is focused on rural, semi-urban and other underbanked geographies of Gujarat, Maharashtra and Madhya Pradesh. It has a network of approximately 44 branches, which offers a range of customized retail products, such as financing new and used two wheelers, auto rickshaws, and four-wheelers. Its product portfolio includes two-wheeler loan, used two-wheeler loan, used three/four-wheeler loan and consumer durables loan. It provides software solutions to assist the users in complying with goods and services tax (GST) and other tax laws.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Non Banking Financial Company (NBFC): 288 companies →Shalibhadra Finance 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)11 against a typical 22.5: cheaper than most peers (1st = cheapest).80th of 284
- Sales growth+15.7% against a typical +18.3% from a year earlier.141st of 259
- Profit growth+7.4% against a typical +20.2% from a year earlier.127th of 214
- Share price, 3 months−8.9% against a typical −4.2%.152nd of 258
Latest announcements
Exchange filings and their impact on the company.
- Board approved Rs 24 cr NCD issue to fund loan-book growth, lifting debt ~43%.
Shalibhadra Finance's board on October 13, 2026 approved issue of non-convertible debentures worth Rs 24 crore. The NBFC, with a loan-book funded balance sheet of Rs 232 crore and borrowings of Rs 56 crore as of March 2026, will use the proceeds to expand lending. The raise increases leverage materially but should support mid-single-digit revenue and profit growth over the next year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB- by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]BBB- | Stable | 14 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 14 Oct 2026 | New rating | [ICRA]BBB- | Low | ICRA | ₹ 25 Cr. | |
| 14 Aug 2026 | Reaffirmed | [ICRA]BBB- | — | ICRA | ₹ 80 Cr. | |
| 27 Mar 2026 | Reaffirmed | [ICRA]BBB- | — | ICRA | ₹ 60 Cr. | |
| 22 Sep 2025 | Reaffirmed | [ICRA]BBB- | — | ICRA | ₹ 40 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Oct 2026 | Fund Raising | To consider and approve issuance of Non-convertible Debentures |
| 17 Sep 2026 | Fund Raising | to consider and approve the issuance of the non-convertible debentures by the Company on a private placement basis |
| 2 Sep 2026 | Dividend | To consider dividend |
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8 | 8 | 10 | 9 | 8 | 10 | 9 | 9 | 9 | 11 | 11 | 11 |
| Interest | 1 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Expenses | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 2 | 3 |
| Financing Profit | 4 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 6 |
| Financing Margin % | 52.3% | 52.7% | 46.9% | 50.7% | 55.9% | 60.2% | 59.5% | 62.8% | 64.6% | 58.7% | 64.4% | 57.7% |
| Other Income | 0 | 0 | 0 | 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 | 4 | 4 | 4 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 6 |
| Tax % | 24.9% | 26.3% | 25.5% | 24.8% | 24.7% | 20.3% | 20.8% | 22.8% | 22.1% | 23% | 27.1% | 23.4% |
| Net Profit | 3 | 3 | 3 | 3 | 3 | 5 | 4 | 5 | 5 | 5 | 5 | 5 |
| EPS in Rs | 1.08 | 1.13 | 1.18 | 1.21 | 1.21 | 1.52 | 1.43 | 1.48 | 1.54 | 1.63 | 1.66 | 1.59 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 14%
- 3 Years
- 14%
- TTM
- 15%
- 10 Years
- 19%
- 5 Years
- 41%
- 3 Years
- 32%
- TTM
- 16%
- 10 Years
- 16%
- 5 Years
- 31%
- 3 Years
- 2%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 12%
- 3 Years
- 13%
- 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.
| Shalibhadra Finance | ₹ 74.49 | — | 11x | — | 12% | — |
| Bajaj Finance | ₹ 927.00 | ₹ 5,77,146 Cr. | 25x | 5.8x | 18.1% | 23.7% |
| Shriram Finance | ₹ 867.00 | ₹ 2,04,004 Cr. | 13.9x | 3x | 16.4% | 20.9% |
| Jio Financial Services | ₹ 205.00 | ₹ 1,35,364 Cr. | 95.5x | 1.2x | — | 49.8% |
| Tata Capital | ₹ 307.05 | ₹ 1,30,358 Cr. | 20.5x | 3.3x | 12.3% | 16% |
| Power Finance Corporation | ₹ 316.00 | ₹ 1,04,283 Cr. | 5.4x | 1x | 20.7% | 29.1% |
Management
- Mukund H. Doshi
- Chairman of the Board
- Megha Singh
- Compliance Officer, Company Secretary
- Vatsal M. Doshi
- Managing Director, Executive Director
- Minesh M. Doshi
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.