SG Finserve Limited (SGFIN) AI Stock Analysis

SG Finserve Limited

(NSE:SGFIN)

Select Model

Rating:62Neutral

Price Target:INR 779.00▲(13.29% Upside)

Action:reiterated

Date:10/30/26

Strong revenue growth, profitability, and technical momentum are outweighed by deteriorating cash flow and rising leverage. The moderate P/E provides limited valuation support, resulting in a cautiously positive overall score.

Positive Factors

Strong Revenue GrowthThe sharp revenue increase indicates substantial expansion in the company’s lending and financing activity. If this growth is maintained, a larger operating base can support stronger earnings capacity, improve market reach, and create scope for continued reinvestment over the next several quarters.

Negative Factors

Sharp Increase in DebtDebt nearly doubled while the balance sheet expanded, increasing SG Finserve’s dependence on borrowing to fund growth. Higher leverage can reduce financial flexibility, raise sensitivity to funding conditions, and make earnings and capital stability more vulnerable if lending conditions become less supportive.

SG Finserve Limited (SGFIN) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 40.26B
Dividend Yield: ―
Average Volume (3M): 26.47K
Price to Earnings (P/E): 22.7
Beta (1Y): 0.70
Revenue Growth: 102.53%
EPS Growth: 68.98%
Country: India
Employees: 76
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

SG Finserve Limited Business Overview & Revenue Model

Company Description

SG Finserve Limited operates as a leading non-banking financial company (NBFC) in India. The firm offers a wide spectrum of lending facilities, including credit solutions for dealers, retail customers, and vendors. Additionally, it specializes in pro...

SG Finserve Limited Financial Statement Overview

Summary

Exceptional revenue growth and profitability support the score, but sharply negative operating cash flow and substantially higher debt materially weaken financial quality and sustainability.

Income Statement

92Very Positive

Balance Sheet

45Neutral

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024
Income Statement
Total Revenue	1.25B	3.33B	1.71B
Gross Profit	969.07M	3.18B	1.59B
EBITDA	848.82M	3.07B	1.40B
Net Income	521.92M	1.28B	809.90M
Balance Sheet
Total Assets	29.90B	41.73B	24.16B
Cash, Cash Equivalents and Short-Term Investments	686.87M	2.04B	1.40B
Total Debt	18.97B	27.04B	13.85B
Total Liabilities	19.18B	27.13B	14.02B
Stockholders Equity	10.71B	14.60B	10.15B
Cash Flow
Free Cash Flow	-19.83B	-15.73B	-4.90B
Operating Cash Flow	-19.81B	-15.71B	-4.89B
Investing Cash Flow	210.72M	612.89M	-576.52M
Financing Cash Flow	20.21B	16.32B	5.54B

SG Finserve Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price687.60

Price Trends

50DMA658.13Positive

100DMA651.18Positive

200DMA554.25Positive

Market Momentum

MACD6.77Negative

RSI55.60Neutral

STOCH66.82Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SGFIN, the sentiment is Positive. The current price of 687.60 is above the 20-day moving average (MA) of 663.35, above the 50-day MA of 658.13, and above the 200-day MA of 554.25, indicating a bullish trend. The MACD of 6.77 indicates Negative momentum. The RSI at 55.60 is Neutral, neither overbought nor oversold. The STOCH value of 66.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SGFIN.

SG Finserve Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SGFIN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:MONARCH	74Outperform	INR 27.90B	15.40	―	0.28%	7.26%	13.10%
IN:SMCGLOBAL	74Outperform	INR 18.99B	16.36	―	1.32%	17.97%	18.76%
IN:ARIHANTCAP	67Neutral	INR 9.28B	22.74	―	0.59%	22.07%	0.35%
IN:SGFIN	62Neutral	INR 45.31B	22.70	―	―	102.53%	68.98%
IN:AFSL	58Neutral	INR 10.29B	7.76	―	―	427.45%	16.55%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:SGFIN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SGFIN	SG Finserve Limited	687.60	304.10	79.30%
IN:AFSL	Abans Holdings Limited	201.00	0.00	0.00%
IN:ARIHANTCAP	Arihant Capital Markets Limited	84.64	-16.23	-16.09%
IN:MASTERTR	Master Trust Limited	75.38	-57.92	-43.45%
IN:MONARCH	Monarch Networth Capital Limited	351.85	43.39	14.07%
IN:SMCGLOBAL	SMC Global Securities Ltd. (India)	90.68	25.00	38.06%

SG Finserve Limited Corporate Events

SG Finserve plans analyst call to review Q2 and H1 FY27 earnings

Oct 9, 2026

SG Finserve Limited has notified the stock exchanges of a scheduled analyst and institutional investor conference call to discuss its financial results for the second quarter and first half of fiscal year 2027, ended 30 September 2026. The call, orga...

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.

Date of analysis: Oct 30, 2026

SG Finserve Limited AI Stock Analysis