Want to see IN:FUSION full AI Analyst Report?
Top Page
Fusion Finance Ltd
(FUSION)
Select Model
Select Model
Rating:53Neutral
Price Target:
₹177.00
▲(9.29% 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
Balance-Sheet Repair
Equity improved in 2026 versus 2025 and leverage fell meaningfully from 2025, providing some balance-sheet repair. Although debt remains high, this direction of change can improve resilience and funding flexibility over the next several quarters if sustained.
Negative Factors
Revenue Contraction
The reversal from revenue growth to an approximately 10% decline in 2026 signals weakening business momentum and makes future operating leverage harder to achieve. Sustained contraction could limit earnings recovery, reduce growth capacity, and pressure the company’s financial performance over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-Sheet Repair
Equity improved in 2026 versus 2025 and leverage fell meaningfully from 2025, providing some balance-sheet repair. Although debt remains high, this direction of change can improve resilience and funding flexibility over the next several quarters if sustained.
Read all positive factors
Fusion Finance Ltd (FUSION) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.97B
Dividend YieldN/A
Average Volume (3M)35.32K
Price to Earnings (P/E)16.8
Beta (1Y)1.87
Revenue Growth-17.20%
EPS GrowthN/A
CountryIN
Employees12,021
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)10.42
Shares Outstanding161,911,830
10 Day Avg. Volume32,067
30 Day Avg. Volume35,320
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)18.41
Revenue Forecast (FY)₹13.77B
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 | 11.88B | 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
Negative
161.95
Price Trends
197.91
Negative
196.36
Negative
184.14
Negative
Market Momentum
-6.90
Positive
33.96
Neutral
23.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FUSION, the sentiment is Negative. The current price of 161.95 is below the 20-day moving average (MA) of 187.00, below the 50-day MA of 197.91, and below the 200-day MA of 184.14, indicating a bearish trend. The MACD of -6.90 indicates Positive momentum. The RSI at 33.96 is Neutral, neither overbought nor oversold. The STOCH value of 23.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹26.08B | 6.23 | ― | ― | 20.59% | 225.35% | |
59 Neutral | ₹71.84B | 27.58 | ― | 0.13% | 22.60% | 21.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹30.28B | 30.14 | ― | ― | 5.19% | ― | |
53 Neutral | ₹27.97B | 16.80 | ― | ― | -17.20% | ― | |
53 Neutral | ₹12.47B | 5.64 | ― | 3.06% | 35.80% | -5.33% | |
41 Neutral | ₹19.97B | -5.20 | ― | ― | -46.58% | 78.01% |
* General Sector Average
IN:FUSION
Fusion Finance Ltd
174.80
-18.60
-9.62%
IN:MUTHOOTMF
Muthoot Microfin Ltd
178.10
7.15
4.18%
IN:PAISALO
Paisalo Digital Ltd.
76.31
38.19
100.16%
IN:SATIN
Satin Creditcare Network Ltd
232.10
87.30
60.29%
IN:SPANDANA
Spandana Sphoorty Financial Ltd.
220.90
-32.95
-12.98%
IN:UGROCAP
Ugro Capital Limited
83.65
-99.60
-54.35%
Fusion Finance Ltd Corporate Events
Fusion Finance Announces HR Leadership Change and Board-Approved Transition
Sep 15, 2026
Fusion Finance Limited has announced board approval of a leadership transition in its human resources function, accepting the resignation of Chief Human Resource Officer and Senior Managerial Personnel Ms. Pooja Mehta, whose last working day will ...
Fusion Finance announces CHRO leadership transition
Sep 15, 2026
Fusion Finance Limited operates in the financial services sector and is listed on both the National Stock Exchange of India and BSE under the symbol FUSION. The company focuses on providing finance-related products and services to its customer bas...
Fusion Finance Grants 94,600 ESOPs Under 2023 Plan
Sep 15, 2026
Fusion Finance Limited has approved the grant of 94,600 stock options to eligible employees under its Fusion Employee Stock Option Plan 2023, with an exercise price set at INR 188.18 per option based on the National Stock Exchange closing price on...
Fusion Finance offloads ₹54 crore stressed loans to ARC under RBI norms
Sep 8, 2026
Fusion Finance Limited has executed the sale of a stressed loan portfolio with an outstanding value of ₹54.16 crore as of June 30, 2026 to an Asset Reconstruction Company, for a consideration of ₹35.20 crore. The transaction, approved ...
Fusion Finance Gets Exchange Nod to Trade Fully Paid Rights Shares
Sep 3, 2026
Fusion Finance Ltd has received trading approval from BSE and the National Stock Exchange of India for 227,856 equity shares that have been converted from partly paid to fully paid status. These shares relate to the first call money of a recent ri...
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...
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.