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Starteck Finance Ltd. (IN:STARTECK)
:STARTECK
India Market
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Starteck Finance Ltd. (STARTECK) AI Stock Analysis

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IN:STARTECK

Starteck Finance Ltd.

(STARTECK)

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Neutral 57 (OpenAI - Gpt-5.6Sol)
Rating:57Neutral
Price Target:
₹244.00
▼(-6.14% Downside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weaker financial quality signals (free cash flow dropping to 0 and rising leverage), despite a strong FY2026 earnings rebound. Technical indicators also lean negative with the price below key moving averages and a negative MACD. Offsetting these risks, valuation is relatively attractive with a low P/E and a high dividend yield.
Positive Factors
Revenue Rebound
The sharp FY2026 revenue rebound indicates renewed business momentum and improving demand after the prior-year decline. If this recovery persists, higher scale can support stronger operating leverage, expand the earnings base, and reinforce Starteck’s position in credit services over the next several quarters.
Negative Factors
Rising Leverage
The recent increase in borrowings makes the capital structure less conservative and raises the financial sensitivity of a credit-services business to weaker operating conditions. Higher debt can constrain future capital allocation and increase the importance of maintaining stable earnings and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp FY2026 revenue rebound indicates renewed business momentum and improving demand after the prior-year decline. If this recovery persists, higher scale can support stronger operating leverage, expand the earnings base, and reinforce Starteck’s position in credit services over the next several quarters.
Read all positive factors

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

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 sit...

Starteck Finance Ltd. Financial Statement Overview

Summary
Income statement momentum is strong (FY2026 revenue +53.5% YoY and higher net income), but earnings quality is tempered by meaningful margin volatility. The balance sheet shows rising leverage with debt increasing to 3.51B vs equity of 2.63B. Cash flow is the key drag: despite improving operating cash flow, FY2026 free cash flow is reported as 0 after positive prior years, highlighting weaker cash conversion and higher liquidity/consistency risk.
Income Statement
72
Positive
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue531.41M328.06M373.29M282.19M289.48M
Gross Profit300.46M130.64M283.38M209.73M167.81M
EBITDA274.77M121.84M224.77M277.48M150.26M
Net Income236.12M104.24M160.77M218.20M101.90M
Balance Sheet
Total Assets6.75B5.15B4.44B3.84B2.68B
Cash, Cash Equivalents and Short-Term Investments5.92M1.35B905.99M294.52M259.07M
Total Debt3.51B2.27B2.02B1.81B922.82M
Total Liabilities4.12B2.81B2.38B2.05B1.07B
Stockholders Equity2.63B2.34B2.06B1.80B1.61B
Cash Flow
Free Cash Flow0.00277.20M363.02M857.23M-2.05M
Operating Cash Flow331.55M277.20M363.02M855.76M-49.36M
Investing Cash Flow-1.24B-391.24M-580.33M-500.53M-46.08M
Financing Cash Flow904.93M92.81M238.57M-352.89M56.41M

Starteck Finance Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price259.95
Price Trends
50DMA
259.98
Negative
100DMA
261.75
Negative
200DMA
265.06
Negative
Market Momentum
MACD
-5.44
Positive
RSI
37.86
Neutral
STOCH
45.32
Neutral
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 259.95 is above the 20-day moving average (MA) of 250.49, below the 50-day MA of 259.98, and below the 200-day MA of 265.06, indicating a bearish trend. The MACD of -5.44 indicates Positive momentum. The RSI at 37.86 is Neutral, neither overbought nor oversold. The STOCH value of 45.32 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
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
₹3.70B5.92115.72%391.07%
57
Neutral
₹2.29B9.620.11%38.86%100.31%
57
Neutral
₹1.56B9.500.97%11.74%-3.97%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
₹3.66B16.063.66%23.27%-20.85%
54
Neutral
₹4.56B25.060.35%48.83%36.34%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:STARTECK
Starteck Finance Ltd.
236.00
-79.14
-25.11%
IN:ASCOM
Ascom Leasing & Investments Ltd.
210.90
17.85
9.25%
IN:BAIDFIN
Baid Finserv Limited
10.21
-0.83
-7.54%
IN:MANCREDIT
Mangal Credit & Fincorp Ltd.
213.60
20.37
10.54%
IN:MUTHOOTCAP
Muthoot Capital Services Ltd.
235.00
-45.55
-16.24%
IN:UYFINCORP
U. Y. Fincorp Limited
19.49
6.20
46.65%

Starteck Finance Ltd. Corporate Events

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-...
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 203...
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: Aug 18, 2026