Emerald Finance Limited

BSE: EMERALD538882ISIN INE030Q01015

Financial Services
Non Banking Financial Company (NBFC)

Share price

₹58.15+5.52 (+10.49%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹93.00
52W low: ₹45.23
Off 52W high: -37.47%
1M return: +6.15%
3M return: +12.41%
6M return: -10.87%
1Y return: -33.01%
20D avg volume: 30,330
50 DMA: ₹56.87
200 DMA: ₹58.54

Key ratios Consolidated

Market cap: ₹200.85 Cr
Current price: ₹58.15
52W high / low: ₹93.00 / ₹45.23
Face value: ₹10.00
P/E: 11.93
P/B: 1.89
EPS (TTM): ₹4.87
Book value / share: ₹30.77
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.17
Net debt: ₹14.30 Cr
Interest cover: 8.57
Dividend yield: 0.17%
Dividend / share (TTM): ₹0.10
Payout: 2.05%
Cash conversion cycle: —

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	10.07	9.44	9.75	7.80	6.90	6.71	6.45	5.72	5.00	4.39	—
	0.00	0.00	0.01	0.00	0.00	0.03	0.04	0.02	0.01	0.01	—
	10.07	9.44	9.76	7.80	6.91	6.74	6.50	5.74	5.01	4.40	—
	3.01	2.90	3.81	2.46	2.09	2.48	2.74	2.43	2.26	2.11	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.83	0.94	1.52	1.20	1.23	1.22	0.90	0.98	0.98	0.95	—
	1.25	0.82	0.71	0.69	0.61	0.68	0.71	0.77	0.76	0.66	—
	0.08	0.07	0.17	0.00	0.00	0.00	0.08	0.00	0.00	0.00	—
	0.44	0.55	0.81	0.58	0.25	0.57	1.06	0.67	0.52	0.50	—
	7.06	6.54	5.94	5.34	4.82	4.27	3.75	3.31	2.75	2.29	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	7.06	6.54	5.94	5.34	4.82	4.27	3.75	3.31	2.75	2.29	—
	1.76	1.66	1.59	1.34	1.21	1.07	1.10	—	—	—	—
	5.30	4.88	4.36	4.00	3.60	3.19	2.65	2.48	2.06	1.71	—
	1.51	1.44	1.27	1.16	1.04	0.92	0.77	0.73	0.63	0.57	—
Key metrics
	—	—	—	—	—	—	—	4.08	3.51	2.95	—
	—	—	—	—	—	—	—	71.30%	70.20%	67.20%	—
	52.60%	51.70%	44.70%	51.30%	52.20%	47.50%	41.10%	43.40%	41.20%	39.00%	—
	45.90%	40.70%	51.20%	36.40%	38.00%	52.80%	—	—	—	—	—
	47.20%	53.00%	64.50%	61.30%	74.80%	86.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	37.06	31.17	21.57	—
	0.01	0.04	0.06	—
	37.07	31.20	21.63	—
	12.18	10.84	9.54	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	4.49	5.18	3.82	—
	3.47	2.69	2.90	—
	0.32	0.17	0.08	—
	2.38	1.61	2.75	—
	24.88	20.37	12.09	—
	0.00	0.00	0.00	—
	24.88	20.37	12.09	—
	6.35	5.22	3.20	—
	18.54	15.15	8.89	—
	5.38	4.39	2.57	—
Key metrics
	50.03%	48.60%	41.20%	—
	43.75%	44.50%	—	—
	55.54%	70.40%	—	—
	—	-10.95	-13.08	—
	—	-0.67	-1.44	—
	—	0.17	0.18	—
	—	14.30	-1.95	—
Balance sheet
	—	120.73	105.72	—
	—	2.66	17.55	—
	—	2.95	2.11	—
	—	0.00	0.00	—
	—	1.31	0.68	—
	—	16.96	15.60	—
	—	98.80	86.03	—
Cash flow
	—	-10.10	-12.82	—
	—	-0.96	-0.26	—
	—	-1.55	27.66	—
	—	0.85	0.26	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	6.95	6.27	5.85	5.30	4.89	4.71	4.57	3.42	2.94	2.50	—
	0.00	0.00	0.00	0.00	0.00	0.03	0.04	0.02	0.01	0.00	—
	6.95	6.27	5.85	5.30	4.89	4.74	4.60	3.43	2.94	2.50	—
	2.04	1.64	2.03	1.09	0.92	1.22	1.49	1.11	1.02	1.03	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.44	0.37	0.63	0.36	0.35	0.45	0.33	0.38	0.33	0.35	—
	0.89	0.57	0.51	0.47	0.39	0.46	0.47	0.52	0.52	0.46	—
	0.03	0.02	0.06	0.00	0.00	0.00	0.02	0.00	0.00	0.00	—
	0.39	0.47	0.67	0.27	0.17	0.31	0.68	0.21	0.17	0.22	—
	4.91	4.63	3.82	4.21	3.98	3.52	3.11	2.32	1.93	1.48	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
	4.91	4.63	3.82	4.21	3.98	3.52	3.11	2.32	1.93	1.48	—
	1.22	1.18	1.04	1.06	1.00	0.89	0.95	—	—	—	—
	3.69	3.45	2.78	3.15	2.98	2.63	2.16	1.74	1.44	1.10	—
	1.07	1.00	0.82	0.91	0.86	0.76	0.63	0.52	0.44	0.37	—
Key metrics
	—	—	—	—	—	—	—	2.84	2.45	1.94	—
	—	—	—	—	—	—	—	83.00%	83.30%	77.60%	—
	53.10%	55.00%	47.50%	59.40%	60.90%	55.80%	47.30%	50.90%	49.00%	44.00%	—
	42.10%	33.10%	28.00%	55.00%	66.30%	88.40%	—	—	—	—	—
	23.80%	31.20%	28.70%	81.00%	106.90%	139.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	24.37	20.76	13.42	—
	0.00	0.03	0.05	—
	24.37	20.78	13.47	—
	6.80	5.25	4.64	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	1.80	1.79	1.38	—
	2.44	1.82	1.97	—
	0.11	0.06	0.02	—
	1.80	1.24	1.27	—
	17.57	15.53	8.83	—
	0.00	0.00	0.00	—
	17.57	15.53	8.83	—
	4.50	3.98	2.39	—
	13.07	11.55	6.44	—
	3.80	3.34	1.87	—
Key metrics
	53.63%	55.60%	48.00%	—
	38.54%	54.70%	—	—
	37.43%	79.30%	—	—
	—	-10.49	-15.48	—
	—	-0.86	-2.40	—
	—	0.18	0.20	—
	—	12.99	-1.95	—
Balance sheet
	—	104.89	93.05	—
	—	2.62	16.95	—
	—	2.11	1.24	—
	—	0.00	0.00	—
	—	0.55	0.11	—
	—	15.61	15.00	—
	—	85.87	75.11	—
Cash flow
	—	-9.95	-15.48	—
	—	-0.65	-0.07	—
	—	-1.43	29.59	—
	—	0.54	0.00	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +38.54%
Profit YoY (TTM): +37.43%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +43.75%
Profit YoY (TTM): +55.54%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 59.70%

Quarter	September 2026	June 2026
Promoter %	59.70%	59.70%

Holder	Type	Holding	Previous	Change
SANJAY AGGARWAL	Promoter	32.38%	32.38%	0.00%
ANUBHA AGGARWAL	Promoter	22.31%	22.31%	0.00%
RAM SWAROOP AGARWAL	Promoter	5.01%	5.01%	0.00%
MONEY GROWTH INVESTMENT CONSULTANTS PVT LTD	Public	1.45%	1.45%	0.00%
MINERVA VENTURES FUND	Public	1.45%	1.45%	0.00%
KRISHAN KUMAR AGARWAL	Public	1.16%	—	—
PANKAJ MEHTA	Public	1.14%	1.14%	0.00%
AGR INVESTMENTS LIMITED	Public	1.01%	1.01%	0.00%
ANU AGGARWAL	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bajaj Finance Limited	6,18,269	993.05	28.02	—	+18.82% TTM	+18.85% TTM	-6.05%
Shriram Finance Limited	2,13,119	905.70	16.80	—	+13.76% TTM	+28.60% TTM	+13.74%
Tata Capital Limited	1,43,392	337.80	23.16	—	—	—	+2.57%
Cholamandalam Investment and Finance Company Ltd	1,42,265	1,659.05	22.87	—	+21.13% TTM	+33.94% TTM	-5.48%
MUTHOOT FINANCE LIMITED	1,08,792	2,709.85	8.83	—	+47.27% TTM	+70.66% TTM	-15.07%
L&T Finance Limited	66,033	263.45	19.22	—	+20.11% TTM	+27.39% TTM	-5.93%
SBI CARDS AND PAYMENT SERVICES LIMITED S	52,626	553.00	20.18	—	+5.81% TTM	+35.96% TTM	-37.17%
Piramal Finance Limited	45,975	1,942.90	24.08	—	—	—	—
SUNDARAM FINANCE LTD	44,403	3,996.55	27.42	—	—	—	-16.26%
Authum Investment & Infrastructure Limited	43,913	517.10	25.16	—	-24.30% TTM	-56.50% TTM	-10.17%
HDB FINANCIAL SERVICES LIMITED S	42,098	506.65	14.22	—	—	—	-30.70%
POONAWALLA FINCORP LIMITED	41,349	469.55	38.02	—	+75.12% TTM	+399.21% TTM	-0.70%
Mahindra & Mahindra Financial Services Limited	37,542	270.05	10.42	—	+14.94% TTM	+45.99% TTM	-15.21%
Manappuram Finance Limited	29,495	314.00	20.41	—	+4.79% TTM	+85.35% TTM	+17.85%
IIFL FINANCE LIMITED	24,697	578.65	9.35	—	+35.37% TTM	+157.78% TTM	+7.38%
Capri Global Capital Limited	23,121	240.30	17.65	—	+52.88% TTM	+82.77% TTM	+21.89%
Five-Star Business Finance Ltd. S	11,724	397.15	10.50	—	+8.28% TTM	+1.05% TTM	-39.17%
SBFC Finance Limited	9,820	88.32	28.37	—	+28.23% TTM	+45.63% TTM	-24.80%
PAISALO DIGITAL LIMITED	7,279	77.43	27.42	—	+23.60% TTM	+27.97% TTM	+101.17%
Bengal & Assam Company Limited	6,477	5,680.00	8.29	—	+12.05% TTM	+3.26% TTM	-25.74%
Fedbank Financial Services Limited S	5,923	157.85	13.66	—	+21.29% TTM	+76.56% TTM	+10.46%
Mrugesh Trading Ltd. S	5,665	78.41	—	-0.30%	+21.12% TTM	+94.74% TTM	+3,464.09%
SG FINSERVE LIMITED S	4,670	708.75	24.95	—	+104.57% TTM	+86.47% TTM	+85.76%
MAS Financial Services Limited	4,607	253.90	10.89	—	+22.72% TTM	+23.77% TTM	-19.01%
Northern Arc Capital Ltd.	4,481	276.95	9.38	—	+29.02% TTM	+70.21% TTM	+0.64%
Emerald Finance Limited	201	58.15	11.93	—	+43.75% TTM	+55.54% TTM	-33.01%

Filings & corporate actions

Recent announcements

Submission of Investor Presentation4 Nov 2026 · Company Update / Investor Presentation
Submission of outcome of Board Meeting dated 04.11.20264 Nov 2026 · Board Meeting / Outcome of Board Meeting
Submission of Unaudited Financial Results for the quarter and half year ended 30.09.20264 Nov 2026 · Result / Financial Results
Submission of disclosure under Regulation 30 of LODR Regulations, 20154 Nov 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 20153 Nov 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulation, 201530 Oct 2026 · Company Update / General
Submission of Earning Call invite for 05.11.202629 Oct 2026 · Company Update / Analyst / Investor Meet
Emerald Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Unaudited Financial Results ....27 Oct 2026 · Board Meeting / Board Meeting
Submission of disclosure under Regulation 30 of LODR Regulations, 201526 Oct 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 201514 Oct 2026 · Company Update / General
Submission of certificate under Regulation 74 (5) of DP Regulations, 201813 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submission of disclosure under Regulation 30 of LODR Regulations, 20157 Oct 2026 · Company Update / General
Submission of Voting Results and Scrutinizer''s Report1 Oct 2026 · AGM/EGM / AGM
Submission of disclosure under Regulation 30 of LODR Regulations, 201530 Sep 2026 · Company Update / General
Submission of proceedings of Annual General Meeting held on 30.09.202630 Sep 2026 · Company Update / General
Submission of Outcome of Annual General Meeting30 Sep 2026 · AGM/EGM / AGM
Submission of Announcement under Regulation 30 of LODR Regulations, 201528 Sep 2026 · Company Update / General
Submission of intimation of closure of trading window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of disclosure under Regulation 30 of LODR Regulations, 201525 Sep 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 201522 Sep 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 201521 Sep 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 201517 Sep 2026 · Company Update / General
Submission of disclosure under regulation 30 of LODR Regulations, 201511 Sep 2026 · Company Update / General
Submission of Newspaper Advertisement7 Sep 2026 · Company Update / Newspaper Publication
Communication sent to shareholders under Regulation 36(1)(b) of LODR Regulations, 20155 Sep 2026 · Company Update / General
Submission of Annual report5 Sep 2026 · Others / Reg. 34 (1) Annual Report
Board Fixed Book Closure dates from 24.09.2026 to 30.09.2026 (Both days inclusive)27 Aug 2026 · Corp. Action / Book Closure
Board fixed Record date for dividend as 23.09.202627 Aug 2026 · Corp. Action / Record Date
Submission of outcome of Board Meeting27 Aug 2026 · Others / Outcome without intimation
Submission of Intimation of 43rd Annual general Meeting27 Aug 2026 · AGM/EGM / AGM
Submission of disclosure under Regulation 30 of LODR Regulations, 201521 Aug 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 201517 Aug 2026 · Company Update / General
Submission of announcement under Regulation 30 of LODR Regulations, 20158 Aug 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 20157 Aug 2026 · Company Update / General
Submission of disclosure under Regulation 30 of LODR Regulations, 20157 Aug 2026 · Company Update / General
Submission of disclosure under regulation 30 of LODR Regulations, 20153 Aug 2026 · Company Update / General
Submission of Earning Call Transcript1 Aug 2026 · Company Update / Earnings Call Transcript
Submission of disclosure under Regulation 30 of LODR Regulations, 201529 Jul 2026 · Company Update / General
Submission of Audio Recording of Analyst Meet28 Jul 2026 · Company Update / Analyst / Investor Meet
Submission of Investor Presentation25 Jul 2026 · Company Update / Investor Presentation

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 0.1000	23 Sep 2026	23 Sep 2026	—
Final Dividend - Rs. - 0.0900	23 Sep 2025	23 Sep 2025	—
Interim Dividend - Rs. - 0.0600	31 Jan 2025	31 Jan 2025	—
Final Dividend - Rs. - 0.1000	23 Sep 2024	—	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
22 Jul 2026 Board Meeting - Financial Results