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Fusion Finance Ltd
(FUSION)
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Rating:53Neutral
Price Target:
₹193.00
▲(19.17% Upside)
Action:Reiterated
Date:07/02/26
The score is held down primarily by volatile financial performance, elevated leverage, and inconsistent cash flow history, including a sharp profitability drawdown in 2025 and a revenue decline in 2026. Technicals are a meaningful offset with price trading above key moving averages and positive momentum indicators. Valuation contributes negatively because earnings are negative (limiting P/E usefulness) and no dividend yield is available.
Positive Factors
Gross Margin Improvement
The sharp 2026 gross-margin improvement indicates better unit economics or operating efficiency. If sustained, it can provide greater resilience against funding costs, credit losses, and revenue volatility.
Negative Factors
Revenue Contraction
The reversal from earlier growth to a 2026 revenue decline signals weaker business momentum. Sustained contraction could reduce operating leverage, constrain loan-book expansion, and make fixed funding and operating costs harder to absorb.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin Improvement
The sharp 2026 gross-margin improvement indicates better unit economics or operating efficiency. If sustained, it can provide greater resilience against funding costs, credit losses, and revenue volatility.
Read all positive factors
Fusion Finance Ltd (FUSION) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.06B
Dividend YieldN/A
Average Volume (3M)38.51K
Price to Earnings (P/E)19.1
Beta (1Y)1.76
Revenue Growth-17.20%
EPS GrowthN/A
CountryIN
Employees12,021
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)10.42
Shares Outstanding161,683,990
10 Day Avg. Volume11,897
30 Day Avg. Volume38,509
Financial Highlights & Ratios
PEG Ratio-1.36
Price to Book (P/B)0.77
Price to Sales (P/S)1.09
P/FCF Ratio5.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.74
Revenue Forecast (FY)₹13.79B
Fusion Finance Ltd Business Overview & Revenue Model
Company Description
Fusion Micro Finance Limited is an Indian non-banking financial institution (NBFI) dedicated to delivering microfinance solutions. It primarily serves women entrepreneurs located in rural and semi-urban parts of India. The company offers a diverse...
Fusion Finance Ltd Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
46
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.45B | 17.32B | 21.29B | 20.87B | 15.90B | 10.57B |
| Gross Profit | 11.90B | 11.75B | 7.97B | 9.31B | 6.59B | 3.59B |
| EBITDA | 2.91B | -533.30M | -11.20B | 6.73B | 5.20B | 306.85M |
| Net Income | 1.69B | 138.50M | -12.25B | 5.05B | 3.87B | 217.55M |
Balance Sheet | ||||||
| Total Assets | 86.58B | 82.95B | 82.93B | 117.74B | 93.64B | 72.90B |
| Cash, Cash Equivalents and Short-Term Investments | 19.93B | 20.05B | 8.88B | 16.11B | 11.18B | 11.58B |
| Total Debt | 58.40B | 55.71B | 64.02B | 86.16B | 67.78B | 57.76B |
| Total Liabilities | 61.37B | 58.39B | 66.49B | 89.26B | 70.42B | 59.53B |
| Stockholders Equity | 25.21B | 24.56B | 16.43B | 28.48B | 23.22B | 13.38B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.67B | 14.37B | -13.70B | -16.71B | -16.47B |
| Operating Cash Flow | 0.00 | 3.68B | 14.48B | -13.50B | -16.63B | -16.41B |
| Investing Cash Flow | 0.00 | 8.51B | 744.00M | 314.80M | 178.50M | 184.83M |
| Financing Cash Flow | 0.00 | -666.30M | -22.14B | 18.43B | 15.84B | 14.18B |
Fusion Finance Ltd Technical Analysis
Neutral
161.95
Price Trends
208.64
Negative
194.44
Positive
182.09
Positive
Market Momentum
-2.81
Positive
46.32
Neutral
59.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FUSION, the sentiment is Neutral. The current price of 161.95 is below the 20-day moving average (MA) of 203.03, below the 50-day MA of 208.64, and below the 200-day MA of 182.09, indicating a neutral trend. The MACD of -2.81 indicates Positive momentum. The RSI at 46.32 is Neutral, neither overbought nor oversold. The STOCH value of 59.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:FUSION.
Fusion Finance Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹61.35B | 24.39 | ― | 0.29% | 22.60% | 21.00% | |
67 Neutral | ₹24.43B | 5.96 | ― | ― | 20.59% | 225.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹35.49B | 35.21 | ― | ― | 5.19% | ― | |
53 Neutral | ₹32.06B | 19.12 | ― | ― | -17.20% | ― | |
53 Neutral | ₹13.32B | 5.86 | ― | ― | 35.80% | -5.33% | |
30 Underperform | ₹21.67B | -5.75 | ― | ― | -46.58% | 78.01% |
* General Sector Average
IN:FUSION
Fusion Finance Ltd
199.00
24.95
14.33%
IN:MUTHOOTMF
Muthoot Microfin Ltd
208.15
52.35
33.60%
IN:PAISALO
Paisalo Digital Ltd.
67.45
37.39
124.38%
IN:SATIN
Satin Creditcare Network Ltd
222.10
82.30
58.87%
IN:SPANDANA
Spandana Sphoorty Financial Ltd.
244.45
-3.25
-1.31%
IN:UGROCAP
Ugro Capital Limited
86.63
-90.62
-51.13%
Fusion Finance Ltd Corporate Events
RBI Fines Fusion Finance for KYC Lapses; Firm Says Impact Is Immaterial
Aug 15, 2026
Fusion Finance Limited has disclosed that the Reserve Bank of India has imposed a monetary penalty of ₹2.70 lakh following a statutory inspection for FY 2024-25. The violation related to non-compliance with RBI Know Your Customer directions,...
Fusion Finance confirms rights issue proceeds used as planned
Aug 10, 2026
Fusion Finance Ltd has reported that there is no deviation or variation in the use of proceeds from its rights issue of equity shares for the quarter ended 30 June 2026, confirming that all funds have been deployed in line with the objectives outl...
Fusion Finance grants 25,000 stock options under ESOP 2023
Jun 24, 2026
Fusion Finance Limited has approved the grant of 25,000 stock options to eligible employees under its Fusion Employee Stock Option Plan 2023. The options, priced at Rs. 176.77 per share based on the previous day’s NSE closing price, will ves...
Fusion Finance issues final reminder on unpaid rights shares
Jun 18, 2026
Fusion Finance Limited has issued a second and final reminder-cum-forfeiture notice for payment of the first and final call money on 392,088 partly paid-up equity shares that were allotted on a rights basis under a March 29, 2025 letter of offer. ...
Fusion Finance Schedules Mumbai Investor and Analyst Meetings in June 2026
Jun 5, 2026
Fusion Finance Limited has announced that its management will meet a group of investors and analysts in one-to-one and group sessions in Mumbai between June 9 and June 11, 2026, as part of its ongoing investor relations efforts. The company emphas...
Fusion Finance Wins ITAT Ruling as Rs 16.62 Crore Tax Demand Is Scrapped
Jun 2, 2026
Fusion Finance Limited has announced that the Income Tax Appellate Tribunal in New Delhi has dismissed an appeal filed by the Income Tax Officer concerning tax treatment on interest payments to foreign non-convertible debenture holders for assessm...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.