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SG Finserve Limited
(SGFIN)
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Rating:59Neutral
Price Target:
₹709.00
▲(52.74% Upside)
Action:Reiterated
Date:10/06/26
The score is primarily held back by weak cash flow conversion and rising leverage despite very strong reported revenue and earnings growth. Technicals remain constructive with price above major moving averages, but negative MACD signals softer momentum. Valuation is moderate (P/E 25.53) with no dividend yield data to offset risk.
Positive Factors
Exceptional revenue growth
The sharp revenue acceleration indicates strong expansion in the company’s lending and financing activity. If this growth is sustained, a larger operating base can improve scale, broaden customer reach, and create greater capacity to compound earnings over the next several quarters.
Negative Factors
Severely negative cash generation
Persistent and sharply deteriorating negative operating cash flow means reported earnings are not converting into cash for the business. This can increase dependence on external funding, limit financial flexibility, and make continued lending growth more vulnerable to changes in financing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional revenue growth
The sharp revenue acceleration indicates strong expansion in the company’s lending and financing activity. If this growth is sustained, a larger operating base can improve scale, broaden customer reach, and create greater capacity to compound earnings over the next several quarters.
Read all positive factors
SG Finserve Limited (SGFIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹44.68B
Dividend YieldN/A
Average Volume (3M)19.80K
Price to Earnings (P/E)25.5
Beta (1Y)0.64
Revenue Growth103.80%
EPS Growth72.33%
CountryIN
Employees76
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)9.35
Shares Outstanding65,895,000
10 Day Avg. Volume28,729
30 Day Avg. Volume19,797
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)1.73
Price to Sales (P/S)7.59
P/FCF Ratio-1.61
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)32.78
Revenue Forecast (FY)₹3.27B
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 ...
SG Finserve Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
19
Very Negative
| 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
Positive
464.20
Price Trends
661.50
Positive
638.23
Positive
536.21
Positive
Market Momentum
-0.22
Negative
58.71
Neutral
72.32
Neutral
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 464.2 is below the 20-day moving average (MA) of 632.81, below the 50-day MA of 661.50, and below the 200-day MA of 536.21, indicating a bullish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 58.71 is Neutral, neither overbought nor oversold. The STOCH value of 72.32 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹1.88B | -104.29 | ― | 0.02% | 42.85% | ― | |
59 Neutral | ₹44.68B | 25.46 | ― | ― | 103.80% | 72.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹197.25M | 27.90 | ― | 1.95% | -61.85% | -116.29% | |
44 Neutral | ₹108.19M | -11.06 | ― | ― | -28.72% | 30.64% | |
43 Neutral | ₹183.43M | -10.54 | ― | ― | -92.80% | -146.71% | |
40 Underperform | ₹151.63M | 664.29 | ― | ― | -1.32% | -58.59% |
* General Sector Average
IN:SGFIN
SG Finserve Limited
678.05
302.60
80.60%
IN:DCMFINSERV
DCM Financial Services Limited
4.89
-0.85
-14.81%
IN:GLFL
Gujarat Lease Financing Limited
5.59
-0.46
-7.60%
IN:LFIC
Lakshmi Finance & Industrial Corp. Ltd.
―
―
―
IN:ONELIFECAP
Onelife Capital Advisors Limited
50.19
38.62
333.64%
IN:TCIFINANCE
TCI Finance Limited
14.25
2.35
19.75%
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.