EPIC Energy Ltd.

BSE: EPIC530407ISIN INE932F01015

Financial Services
Non Banking Financial Company (NBFC)

Share price

₹40.61-1.15 (-2.75%)

as of 4 Nov 2026

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

52W high: ₹55.64
52W low: ₹25.20
Off 52W high: -27.01%
1M return: +23.10%
3M return: +19.37%
6M return: -3.31%
1Y return: -5.60%
20D avg volume: 23,887
50 DMA: ₹36.18
200 DMA: ₹36.32

Key ratios Consolidated

Market cap: ₹29.29 Cr
Current price: ₹40.61
52W high / low: ₹55.64 / ₹25.20
Face value: ₹10.00
P/E: 49.33
P/B: 2.18
EPS (TTM): ₹0.82
Book value / share: ₹18.64
ROE: —
ROCE: 4.80%
Operating margin: —
Net margin: —
Debt / equity: 0.13
Net debt: ₹0.29 Cr
Interest cover: 18.25
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -57.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	2.49	1.88	0.90	1.03	1.06	2.38	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	2.49	1.88	0.90	1.03	1.06	2.38	—
	2.47	1.56	0.84	0.77	1.00	2.01	—
	2.17	1.20	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.69	0.42	0.72	0.67	—
	0.22	0.12	0.12	0.14	0.12	0.11	—
	0.01	0.01	0.01	0.01	0.01	0.00	—
	0.01	0.01	0.01	0.01	0.01	0.21	—
	0.22	0.20	0.14	0.17	0.14	0.84	—
	0.02	0.32	0.06	0.26	0.06	0.37	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.02	0.32	0.06	0.26	0.06	0.37	—
	0.00	0.00	-0.01	0.01	0.01	-0.26	—
	0.02	0.32	0.07	0.25	0.06	0.64	—
	0.03	0.46	0.09	0.33	0.10	0.88	—
Key metrics
	0.04	0.34	0.08	0.28	0.08	0.58	—
	1.60%	18.10%	8.90%	27.20%	7.50%	24.40%	—
	0.80%	17.00%	7.80%	24.30%	5.70%	26.90%	—
	—	2.20%	—	3.00%	—	4.20%	—
	134.90%	-21.00%	—	—	—	—	—
	-66.70%	-50.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	6.30	4.87	4.26	—
	0.00	0.00	0.00	—
	6.30	4.87	4.27	—
	5.64	4.18	3.26	—
	3.37	1.20	0.00	—
	1.11	1.83	1.09	—
	0.60	0.51	0.37	—
	0.04	0.04	0.00	—
	0.04	0.05	0.35	—
	0.73	0.66	1.32	—
	0.66	0.69	1.00	—
	0.00	0.00	0.00	—
	0.66	0.69	1.00	—
	0.00	0.01	-0.29	—
	0.66	0.69	1.30	—
	0.91	0.96	1.79	—
Key metrics
	0.74	0.78	1.35	—
	11.75%	16.00%	31.70%	—
	10.48%	14.20%	30.50%	—
	—	4.80%	11.30%	—
	—	14.30%	—	—
	—	-46.90%	—	—
	—	-1.95	-0.15	—
	—	2.32	0.12	—
	—	0.13	0.09	—
	—	0.29	0.32	—
	—	-57.7	98.6	—
Balance sheet
	—	20.46	10.65	—
	—	8.82	5.22	—
	—	1.46	0.43	—
	—	2.18	1.14	—
	—	0.18	0.07	—
	—	4.63	3.48	—
	—	1.43	1.45	—
	—	3.13	0.06	—
	—	5.23	1.83	—
	—	1.75	0.75	—
	—	0.00	0.00	—
	—	1.75	0.75	—
	—	13.47	8.06	—
Cash flow
	—	1.60	0.15	—
	—	-6.28	0.24	—
	—	5.71	0.00	—
	—	3.55	-0.30	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25
Income statement
	2.43	1.86	0.82	0.75	1.04	—	0.55	0.69	0.64
	0.00	0.00	0.00	0.00	0.00	—	—	0.00	—
	2.43	1.86	0.82	0.75	1.04	—	0.55	0.70	0.64
	2.41	1.54	0.76	0.52	0.93	—	0.39	0.36	0.49
	2.10	1.20	0.00	0.00	0.00	—	—	—	—
	0.00	0.02	0.67	0.23	0.70	—	0.09	0.05	0.28
	0.20	0.12	0.09	0.13	0.11	—	0.10	0.08	0.08
	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.01	0.01	0.01	0.01	0.01	—	0.04	0.04	0.04
	0.20	0.19	0.11	0.15	0.12	—	0.16	0.19	0.13
	0.03	0.32	0.06	0.24	0.11	—	0.16	0.33	0.14
	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.03	0.32	0.06	0.24	0.11	—	0.16	0.33	0.14
	0.00	0.00	0.00	0.02	0.00	—	0.01	0.01	0.01
	0.03	0.32	0.06	0.22	0.11	—	0.17	0.34	0.15
	0.04	0.45	0.08	0.31	0.15	—	0.24	0.47	0.21
Key metrics
	0.04	0.33	0.07	0.25	0.12	—	0.20	0.37	0.18
	1.60%	17.70%	8.50%	33.30%	11.50%	—	36.40%	53.60%	28.10%
	1.20%	17.20%	7.30%	29.30%	10.60%	—	30.90%	49.30%	23.40%
	—	2.40%	—	2.90%	—	—	—	—	—
	133.70%	—	49.10%	8.70%	62.50%	—	—	—	—
	-72.70%	—	-64.70%	-35.30%	-26.70%	—	—	—	—

Metric	TTM	FY26	FY25
Income statement
	5.86	4.47	—
	0.00	0.00	—
	5.86	4.48	—
	5.23	3.75	—
	3.30	1.20	—
	0.92	1.61	—
	0.54	0.45	—
	0.00	0.00	—
	0.04	0.03	—
	0.65	0.57	—
	0.65	0.72	—
	0.00	0.00	—
	0.65	0.72	—
	0.02	0.00	—
	0.63	0.73	—
	0.88	1.01	—
Key metrics
	0.69	0.75	—
	11.77%	16.80%	—
	10.75%	16.30%	—
	—	5.30%	—
	—	0.02	—
	—	0.64	—
	—	0.00	—
	—	-0.16	—
	—	13.1	—
Balance sheet
	—	16.60	—
	—	5.92	—
	—	0.16	—
	—	1.76	—
	—	0.18	—
	—	3.73	—
	—	1.22	—
	—	1.78	—
	—	3.08	—
	—	0.00	—
	—	0.00	—
	—	0.00	—
	—	13.52	—
Cash flow
	—	0.47	—
	—	-5.21	—
	—	4.75	—
	—	0.45	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

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: 26.15%

Quarter	September 2026	June 2026
Promoter %	26.15%	26.15%

Holder	Type	Holding	Previous	Change
MORSAWALA VEENA NIKHIL	Promoter	13.09%	13.09%	0.00%
MORSAWALA NIKHIL CHAMPAKLAL	Promoter	13.06%	13.06%	0.00%
BEHRAM BURJOR MEHTA	Public	12.59%	12.59%	0.00%
CHANDRASHEKHAR VIJAY LAD	Public	8.43%	8.57%	-0.14%
ADITYA SARAF	Public	3.34%	3.34%	0.00%
ASHISH SARAF	Public	2.07%	2.07%	0.00%
SOLEOS SOLAR ENERGY PRIVATE LIMITED	Public	1.68%	1.68%	0.00%
RAJ KUMAR LOHIA	Public	1.35%	1.35%	0.00%
DHEERAJ KUMAR LOHIA	Public	1.33%	1.33%	0.00%
PRAVEEN ARORA	Public	1.15%	—	—

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%
EPIC Energy Ltd.	29	40.61	49.33	4.80%	—	—	-5.60%

Filings & corporate actions

Recent announcements

Please find enclosed herewith the Allotment of Eequity Shares on Conversion of Equity Warrants as per SEBI ICDR and SEBI LODR Regulations.22 Oct 2026 · Company Update / Allotment of Equity Shares
Enclosed a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.16 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading of Window for the half year ended 30th September, 2026.28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizers Report on Remote E-Voting and E-Voting at AGM in relation to the 35th AGM of the company held on 22nd September, 2026.23 Sep 2026 · AGM/EGM / AGM
Enclosed herewith summary of the proceeding of the 35th Annual General Meeting of the company held at 22nd September, 2026.22 Sep 2026 · AGM/EGM / AGM
Epic Energy Limited is pleased to announce that its Joint Venture , Swachcha Urja Nirman LLP, has commenced Trial Production at its Second Life Battery Assembly Plant located at Wada, ....5 Sep 2026 · Company Update / General
Register of Members and share transfer of the company will remain closed from Wednesday, 16th September, 2026 To Tuesday, 22nd September, 2026 (Both Days Inclusive) for the purpose of ....31 Aug 2026 · Corp. Action / Book Closure
35th Annual General Meeting (AGM) of the company is scheduled to be held on Tuesday, 22 September 2026 at 11:00 am (IST) through Video-Conferencing/Other Audio-Visual Means. The Copy of ....31 Aug 2026 · AGM/EGM / AGM
The Annual Report for the Financial Year 2025-26 along with notice of 35th Annual General Meeting.31 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed herewith the Allotment of Equity Shares on conversion of Equity Warrants as per SEBI ICDR and SEBI LODR Regulations.21 Aug 2026 · Company Update / Allotment of Equity Shares
Outcome of Board Meeting held on 21st August, 2026.21 Aug 2026 · Company Update / General
Financial Results for Quarter Ended June 30 2026.11 Aug 2026 · Result / Financial Results
Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, and Limited Review Report thereon. The Unaudited Financial Results along with Limited ....11 Aug 2026 · Board Meeting / Outcome of Board Meeting
EPIC Energy Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve unaudited financial results (Standalone ....6 Aug 2026 · Board Meeting / Board Meeting
Enclosed a Certificate under Regulation 74(5) of SEBI (Depositories and Participants) regulations, 2018 for the quarter ended 30th June, 2026.21 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading window closes from 1st July 2026 until 48 hours after Q1 FY 27.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed the Intimation of equity shares on conversion of equity warrants as per SEBI ICDR Regulations and SEBI LODR Regulations.15 Jun 2026 · Company Update / Allotment of Equity Shares
Non-applicability of Annual Secretarial Compliance Report for the year ended 31st March, 202629 May 2026 · Company Update / General
Statement of Deviation or Variation for the quarter and year ended March 31, 2026.28 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Audited Financial Results (Standalone and Consolidated )for the quarter and year ended March 31, 202628 May 2026 · Result / Financial Results
Outcome of Board Meeting dated May 28, 202628 May 2026 · Board Meeting / Outcome of Board Meeting
EPIC Energy Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2026 ,inter alia, to consider and approve Dear Sir/Madam, Pursuant to Regulations ....21 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....24 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
We herewith enclose a certificate under Regulation 74(5) of SEBI Regulations, 2018 for the quarter ended 31st March, 2026.20 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith the Certificate for the financial year ended 31st March 2026.20 Apr 2026 · Company Update / Reg. 7(3) – Compliance Certificate (RTA & Compliance Officer)
Intimation of closure of trading window.27 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Outcome of Board Meeting Held on 24-03-2026.24 Mar 2026 · Others / Outcome without intimation
Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 202514 Feb 2026 · Result / Financial Results
Dear Sir / Madam, We hereby inform you that the Board of Directors of the Company, at its meeting held today, inter alia, considered and approved the Unaudited Standalone and Consolidated ....14 Feb 2026 · Board Meeting / Outcome of Board Meeting
EPIC Energy Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 ,inter alia, to consider and approve Pursuant to Regulations 29 of ....6 Feb 2026 · Board Meeting / Board Meeting
Development of Epic''s lithium-ion battery recycling and second-life battery initiatives through its Special Purpose Vehicle, Swachchha Urja Nirman LLP("SUN LLP").3 Feb 2026 · Company Update / General
We herewith enclose a certificate under Regulation 74(5) of SEBI Regulations, 2018 for the Quarter ended 31st December, 2025 received from M/s Adroit Corporate Services Private Limited, ....21 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Development of Solar Power Project Under DREBP Framework in Gujarat.21 Jan 2026 · Company Update / General
Intimation of closure of Trading Window from January 1, 2026 till 48 hours after declaration of the Unaudited Standalone and Consolidated Financial results of the Company for the quarter ....28 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, and in Compliance with Regulation 163(2) and Regulation 166A of the SEBI (Issue ....23 Dec 2025 · Company Update / General
Scrutinizer''s Report of Extra General Meeting held on 18th December, 202519 Dec 2025 · AGM/EGM / EGM
Summary of proceedings of EGM of the company for FY 2025-26 held on Thursday, 18th December, 2025 at 11:00 AM (IST) through VC and OAVM.18 Dec 2025 · AGM/EGM / EGM
Pursuant to Regulation 30 of LODR, Enclosed herewith is the Notice of Extra-Ordinary General Meeting of the Company to be held on Thursday, December 18, 2025 at 11:00 A.M. (IST) through ....26 Nov 2025 · AGM/EGM / EGM
The Epic Energy Limited has informed the Exchange regarding Board Meeting held on Tuesday, November 11, 2025 for approval of Unaudited Financial Results both Standalone and Consolidated ....11 Nov 2025 · Result / Financial Results
The Epic Energy Limited has approved in principal a proposal to issue and allot share warrants on preferencial basis to Soleos Energy Private Limited. Soleos would hold up to 18.16% of ....11 Nov 2025 · Company Update / General

Board meetings

11 Aug 2026 Board Meeting - Financial Results