Starteck Finance Ltd. (STARTECK) AI Stock Analysis

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Starteck Finance Ltd.

(NSE:STARTECK)

Select Model

Rating:66Neutral

Price Target:INR 267.00▲(8.08% Upside)

Action:downgraded

Date:09/30/26

The score is driven primarily by mixed financial quality: strong FY2026 earnings/revenue rebound, but elevated risk from rising leverage and weakened free cash flow visibility. Valuation is a key positive (moderate P/E and high dividend yield). Technicals are supportive due to a strong uptrend, though an overbought RSI tempers the near-term outlook.

Positive Factors

Revenue reboundThe strong FY2026 revenue rebound indicates renewed business activity and improved scale after the prior-year decline. If maintained, higher revenue can support operating leverage, strengthen the company’s earnings base, and provide greater capacity to absorb volatility over the next several quarters.

Negative Factors

Rising leverageThe recent increase in debt makes the capital structure less conservative and raises the company’s dependence on borrowings. Greater leverage can reduce financial flexibility, increase sensitivity to weaker credit conditions, and constrain the ability to fund growth or withstand an earnings downturn.

Starteck Finance Ltd. (STARTECK) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.46B
Dividend Yield: 0.11%
Average Volume (3M): 2,170
Price to Earnings (P/E): 10.1
Beta (1Y): 0.23
Revenue Growth: 38.86%
EPS Growth: 100.31%
Country: India
Employees: 5
Sector: General
Sector Strength: 55
Industry: Financial - Credit Services

Starteck Finance Ltd. Business Overview & Revenue Model

Company Description

Starteck Finance Limited operates as an Indian non-banking financial institution, extending a variety of financing solutions. The company caters to individual consumers, small and medium-sized enterprises (SMEs), and larger commercial entities situat...

Starteck Finance Ltd. Financial Statement Overview

Summary

Income statement strength is offset by balance sheet and cash flow risks. FY2026 shows a strong revenue rebound (+53.5% YoY) and higher net income (236.1M vs 104.2M), but profitability and cash generation have been volatile. Leverage is rising again (debt 3.51B vs equity 2.63B), and FY2026 free cash flow is reported as 0 after prior positive years, reducing overall financial quality.

Income Statement

72Positive

Balance Sheet

55Neutral

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	480.70M	531.41M	328.06M	373.29M	282.19M	289.48M
Gross Profit	245.89M	300.46M	130.64M	283.38M	209.73M	167.81M
EBITDA	220.29M	274.77M	121.84M	224.76M	277.48M	150.26M
Net Income	243.85M	236.12M	104.24M	160.77M	218.20M	101.90M
Balance Sheet
Total Assets	0	6.75B	5.15B	4.44B	3.84B	2.68B
Cash, Cash Equivalents and Short-Term Investments	0	2.51B	1.35B	905.99M	294.52M	259.07M
Total Debt	0	3.51B	2.27B	2.02B	1.81B	922.82M
Total Liabilities	-2.63B	4.12B	2.81B	2.38B	2.05B	1.07B
Stockholders Equity	2.63B	2.63B	2.34B	2.06B	1.80B	1.61B
Cash Flow
Free Cash Flow	115.12M	0	277.20M	363.02M	857.23M	-2.05M
Operating Cash Flow	115.12M	331.55M	277.20M	363.02M	855.76M	-49.36M
Investing Cash Flow	-432.21M	-1.24B	-391.24M	-580.33M	-500.53M	-46.08M
Financing Cash Flow	317.79M	904.93M	92.81M	238.57M	-352.89M	56.41M

Starteck Finance Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price247.05

Price Trends

50DMA254.77Negative

100DMA261.81Negative

200DMA260.56Negative

Market Momentum

MACD-3.66Positive

RSI46.61Neutral

STOCH25.03Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STARTECK, the sentiment is Negative. The current price of 247.05 is below the 20-day moving average (MA) of 249.38, below the 50-day MA of 254.77, and below the 200-day MA of 260.56, indicating a bearish trend. The MACD of -3.66 indicates Positive momentum. The RSI at 46.61 is Neutral, neither overbought nor oversold. The STOCH value of 25.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:STARTECK.

Starteck Finance Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:STARTECK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:UYFINCORP	81Outperform	INR 5.84B	7.52	―	―	212.33%	340.67%
IN:STARTECK	66Neutral	INR 2.43B	10.09	―	0.11%	38.86%	100.31%
IN:MANCREDIT	60Neutral	INR 5.32B	29.29	―	0.28%	47.35%	47.37%
IN:BAIDFIN	57Neutral	INR 1.66B	9.70	―	0.97%	4.09%	-21.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:MUTHOOTCAP	41Neutral	INR 3.25B	12.98	―	―	17.51%	49.06%

* General Sector Average

Performance Comparison

IN:STARTECK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:STARTECK	Starteck Finance Ltd.	247.05	-56.50	-18.61%
IN:ASCOM	Ascom Leasing & Investments Ltd.	169.20	-23.62	-12.25%
IN:BAIDFIN	Baid Finserv Limited	10.13	-0.52	-4.90%
IN:MANCREDIT	Mangal Credit & Fincorp Ltd.	264.45	85.77	48.00%
IN:MUTHOOTCAP	Muthoot Capital Services Ltd.	201.70	-80.95	-28.64%
IN:UYFINCORP	U. Y. Fincorp Limited	30.07	13.69	83.58%

Starteck Finance Ltd. Corporate Events

Starteck Finance holds 41st AGM via video conference with e-voting facility

Sep 18, 2026

Starteck Finance Limited held its 41st Annual General Meeting on September 18, 2026, via video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI guidelines. The meeting was attended by key members of...

Starteck Finance Publishes Addendum Notice for 41st AGM via Virtual Format

Sep 5, 2026

Starteck Finance Ltd. has issued a newspaper publication announcing an addendum to the notice of its 41st Annual General Meeting. The AGM is scheduled for 18 September 2026 at 4:00 p.m. and will be conducted via video conferencing and other audio-vis...

Starteck Finance Reappoints Nilesh Parikh as Independent Director for Second Five-Year Term

Sep 3, 2026

Starteck Finance Limited’s board has approved, via circular resolution, the re-appointment of Mr. Nilesh Parikh as a non-executive independent director for a second consecutive five-year term, running from 6 September 2026 to 5 September 2031, subjec...

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: Sep 30, 2026

Starteck Finance Ltd. AI Stock Analysis