Finkurve Financial Services Limited

BSE: FINKURVE508954ISIN INE734I01027

Financial Services
Non Banking Financial Company (NBFC)

Share price

₹64.53-0.47 (-0.72%)

as of 4 Nov 2026

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

52W high: ₹123.95
52W low: ₹49.06
Off 52W high: -47.94%
1M return: -6.55%
3M return: +7.55%
6M return: -11.04%
1Y return: -42.89%
20D avg volume: 1,382
50 DMA: ₹69.50
200 DMA: ₹69.57

Key ratios Consolidated

Market cap: ₹904.35 Cr
Current price: ₹64.53
52W high / low: ₹123.95 / ₹49.06
Face value: ₹1.00
P/E: 39.71
P/B: —
EPS (TTM): ₹1.63
Book value / share: —
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: —
Net debt: —
Interest cover: 8.27
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q3 FY24	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22
Income statement
	23.64	27.74	10.21	10.49	8.10
	0.07	0.24	0.15	0.02	0.20
	23.71	27.97	10.37	10.52	8.31
	17.08	7.24	10.89	8.40	5.77
	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00
	0.76	0.97	1.53	1.92	1.20
	1.65	0.52	0.59	1.75	0.55
	0.12	0.13	0.22	0.22	0.18
	1.24	5.22	8.41	4.37	3.81
	6.63	20.73	-0.52	2.12	2.54
	0.00	0.00	0.00	0.00	0.00
	6.63	20.73	-0.52	2.12	2.54
	4.91	17.00	-0.68	1.54	1.87
	0.39	1.34	-0.05	0.12	0.15
Key metrics
	8.40	21.38	0.29	4.09	3.27
	35.50%	77.10%	2.80%	39.00%	40.40%
	20.80%	61.30%	-6.70%	14.70%	23.10%

Metric	FY22
Income statement
	56.55
	0.62
	57.17
	32.30
	0.00
	0.00
	5.62
	3.42
	0.74
	21.81
	24.87
	0.00
	24.87
	19.73
	1.55
Key metrics
	29.03
	51.30%
	34.90%

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	75.10	67.33	51.96	48.05	39.88	40.28	40.00	31.90	28.43	23.35	23.64	23.06
	0.72	1.89	0.51	0.09	0.16	0.14	0.13	0.23	0.07	0.08	0.07	0.04
	75.82	69.22	52.47	48.14	40.04	40.43	40.00	32.13	28.50	23.43	23.71	23.10
	64.62	58.79	42.52	40.75	33.20	35.18	32.18	27.47	22.61	16.93	17.08	17.59
	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	0.00	0.00	0.00	0.00
	13.47	5.37	4.39	4.46	3.96	3.90	3.31	3.27	0.98	0.78	0.76	0.74
	26.72	19.89	13.60	8.36	7.08	5.62	4.33	3.90	2.49	1.78	1.65	1.17
	1.13	1.34	0.59	0.75	0.75	0.50	0.32	0.16	0.08	0.12	0.12	0.12
	3.39	2.32	4.38	5.46	3.90	4.48	4.14	2.92	1.75	1.61	1.24	1.29
	11.21	10.42	9.95	7.39	6.83	5.25	7.82	4.66	5.90	6.50	6.63	5.51
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	11.21	10.42	9.95	7.39	6.83	5.25	7.82	4.66	5.90	6.50	6.63	5.51
	2.77	2.38	2.97	1.47	1.74	—	—	—	—	—	—	—
	8.44	8.04	6.98	5.92	5.09	3.91	5.64	3.47	4.39	4.89	4.91	4.36
	0.60	0.58	0.50	0.42	0.38	0.30	0.44	0.27	0.35	0.38	0.39	0.34
Key metrics
	—	—	—	—	—	11.37	12.47	8.72	8.47	8.40	8.40	6.80
	—	—	—	—	—	28.20%	31.20%	27.30%	29.80%	36.00%	35.50%	29.50%
	11.20%	11.90%	13.40%	12.30%	12.80%	9.70%	14.10%	10.90%	15.40%	20.90%	20.80%	18.90%
	88.30%	67.20%	29.90%	50.60%	40.30%	72.50%	69.20%	38.30%	—	—	—	—
	65.80%	105.60%	23.80%	70.60%	15.90%	-20.00%	14.90%	-20.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	242.44	207.22	140.48	90.04	50.43	43.63
	3.21	2.65	0.58	0.23	0.20	0.02
	245.65	209.86	141.06	90.27	50.63	43.65
	206.68	175.27	117.44	69.05	31.03	16.59
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	27.69	18.23	11.46	2.94	2.00	2.33
	68.57	48.92	16.36	6.17	4.95	3.31
	3.81	3.42	1.05	0.47	0.43	0.29
	15.55	12.79	13.29	5.38	3.81	10.27
	38.97	34.60	23.62	21.22	19.60	27.06
	0.00	0.00	0.00	0.00	0.00	0.00
	38.97	34.60	23.62	21.22	19.60	27.06
	9.59	8.56	6.21	—	—	—
	29.38	26.03	17.41	16.07	14.32	21.61
	2.10	1.89	1.37	1.27	1.13	1.70
Key metrics
	—	—	—	27.86	24.98	30.66
	—	—	—	30.90%	49.50%	70.30%
	12.12%	12.60%	12.40%	17.80%	28.40%	49.50%
	59.44%	47.50%	56.00%	78.50%	15.60%	—
	62.23%	49.50%	8.30%	12.20%	-33.70%	—
	—	-566.13	-138.30	—	—	—
	—	-21.75	-7.69	—	—	—
	—	1.57	0.88	—	—	—
	—	440.56	165.84	—	—	—
Balance sheet
	—	1,233	476.94	—	—	—
	—	102.12	15.45	—	—	—
	—	0.00	0.00	—	—	—
	—	15.66	3.63	—	—	—
	—	542.68	181.29	—	—	—
	—	344.90	206.39	—	—	—
Cash flow
	—	-566.13	-133.82	—	—	—
	—	-6.51	-4.58	—	—	—
	—	659.31	145.20	—	—	—
	—	0.00	4.48	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +60.17%
Sales CAGR 5Y: —
Profit CAGR 3Y: +22.04%
Profit CAGR 5Y: —
Sales YoY (TTM): +59.44%
Profit YoY (TTM): +62.23%

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: 56.21%

Quarter	September 2026	June 2026
Promoter %	56.21%	56.21%

Holder	Type	Holding	Previous	Change
MOHINIDEVI BHANWARLAL KOTHARI	Promoter	28.90%	28.90%	0.00%
KETAN B KOTHARI	Promoter	18.22%	18.22%	0.00%
THOMAS JOHN MUTHOOT	Public	13.14%	13.14%	0.00%
KALAWATI PRITHVIRAJ KOTHARI	Promoter	6.45%	6.45%	0.00%
RISHABH MEHTA	Public	5.79%	5.79%	0.00%
NEXPACT LIMITED	Public	5.29%	5.29%	0.00%
MINERVA VENTURES FUND	Public	1.73%	1.09%	+0.64%
NAMITA KETAN KOTHARI	Promoter Group	1.29%	1.29%	0.00%
SANDEEP KAPADIA	Public	1.10%	1.10%	0.00%
DEVKUMARI MANEKCHAND KOTHARI	Promoter	1.06%	1.06%	0.00%
BHAVNA ASHWIN BAFNA	Promoter Group	0.29%	0.29%	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%
Finkurve Financial Services Limited S	904	64.53	30.78	—	+59.44% TTM	+62.23% TTM	-42.89%

Filings & corporate actions

Recent announcements

Pursuant to Regulation 30 read with the applicable provisions of Schedule III of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ....30 Oct 2026 · Company Update / Analyst / Investor Meet
Finkurve Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Pursuant to regulations ....28 Oct 2026 · Board Meeting / Board Meeting
We wish to clarify that corporate announcement for interest payment to NCD Holders was inadvertently uploaded under the wrong tab23 Oct 2026 · Company Update / General
enclosed copy of Certificate under Regulation 74(5) of SEBI (Depository Participants) Regulations, 2018 for the Quarter and half year ended September 30, 20268 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Regulations 7 & 30 of SEBI LODR, we have to inform you that the Board of Directors has approved today the proposal for appointment of M/s. Purva Sharegistry (India) Private ....1 Oct 2026 · Company Update / Allotment of Warrants
Enclosed a copy of Outcome of Board Meeting held on October 1, 2026- Pursuant to Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20151 Oct 2026 · Others / Outcome without intimation
enclosed copy of Disclosure of Voting Results of 42nd Annual General Meeting held on September 30, 2026, through VC/OAVM.1 Oct 2026 · AGM/EGM / AGM
enclosed copy of proceeding of the 42nd AGM of the Company held on September 30, 202630 Sep 2026 · AGM/EGM / AGM
Enclosed intimation of Closure of Trading Window21 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Enclosed Intimation of Schedule of Analyst/ Institutional Investor Meet17 Sep 2026 · Company Update / Analyst / Investor Meet
Enclosed copy of intimation of Schedule of analyst/institutional investor meet11 Sep 2026 · Company Update / Analyst / Investor Meet
Pursuant to regulation 47 of SEBI (LODR) Regulation, 2015, find enclosed the Newspaper Advertisement of the Notice of 42nd AGM and communication regarding dispatch to members through e-mail.5 Sep 2026 · Company Update / Newspaper Publication
Enclosed herewith is the Annual Report for the FY 25-264 Sep 2026 · Others / Reg. 34 (1) Annual Report
Enclosed herewith is a copy of the Newspaper Publication3 Sep 2026 · Company Update / Newspaper Publication
Enclosed intimation of cut off date1 Sep 2026 · AGM/EGM / AGM
Enclosed copy of Notice of Annual General Meeting held on Wednesday, 30th September, 20261 Sep 2026 · AGM/EGM / AGM
Enclosed herewith Outcome of Board Meeting held on September 1, 20261 Sep 2026 · Board Meeting / Outcome of Board Meeting
Finkurve Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/09/2026 ,inter alia, to consider and approve 1.To consider and ....27 Aug 2026 · Board Meeting / Board Meeting
Enclosed Transcript of the Earnings Call organized by the Company on August 13, 2026, on Financial Performance on business performance and results for the Quarter ended June 30, 202619 Aug 2026 · Company Update / Earnings Call Transcript
Enclosed a copy of Newspaper publication14 Aug 2026 · Company Update / Newspaper Publication
Audio Recording for Earnings Call held on August 13, 2026.13 Aug 2026 · Company Update / Analyst / Investor Meet
Enclosed Monitoring Agency Report13 Aug 2026 · Company Update / Monitoring Agency Report
Enclosed Press release13 Aug 2026 · Company Update / Press Release / Media Release
Enclosed Investor Presentation13 Aug 2026 · Company Update / Investor Presentation
Enclosed Declaration in respect of Regulation 32 of SEBI LODR13 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Enclosed Financial Result13 Aug 2026 · Result / Financial Results
Enclosed Outcome of Board Meeting13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Enclosed Intimation of Earnings Call scheduled for Quarter 1 FY 2026-27.10 Aug 2026 · Company Update / Analyst / Investor Meet
Finkurve Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Pursuant to regulations ....6 Aug 2026 · Board Meeting / Board Meeting
Outcome of Board Meeting held on Monday, July 27, 2026.27 Jul 2026 · Others / Outcome without intimation
Pursuant to Reg 74(5) of SEBI (DP) Reg, 2018, we enclose herewith a copy of the certificate received from our RTA for Quarter ended June 30, 2026.9 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Enclosed herewith the revised Scrutinizer''s Report8 Jul 2026 · AGM/EGM / Postal Ballot
Enclosed herewith the revised Outcome of Postal Ballot8 Jul 2026 · AGM/EGM / Postal Ballot
Enclosed herewith Scrutinizer''s Report8 Jul 2026 · AGM/EGM / Postal Ballot
Enclosed herewith outcome of Postal ballot8 Jul 2026 · AGM/EGM / Postal Ballot
The Board has considered and approved the following: 1. Raising of funds through issue of Non-Convertible Debentures (NCDs) for an amount up to Rs. 50,00,00,000/- on Private Placement ....25 Jun 2026 · Board Meeting / Outcome of Board Meeting
Finkurve Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2026 ,inter alia, to consider and approve the raising of ....22 Jun 2026 · Company Update / Board Meeting Rescheduled
we would like to inform you that in compliance with the provisions of SEBI(PIT)Regulation, 2015 as amended, and pursuant to the Company''s "Insider Code of Conduct", the trading window ....19 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Finkurve Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/06/2026 ,inter alia, to consider and approve the raising of ....18 Jun 2026 · Board Meeting / Board Meeting
The Board Of Directors Has Inter Alia Approved The Raising Of Funds Through Issue Of Non-Convertible Debentures On Private Placement Basis.15 Jun 2026 · Board Meeting / Outcome of Board Meeting

Board meetings

5 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results