Announcement
Announcement under Regulation 30 (LODR)-Issue of Securities 10 Oct - Board approved secured NCD issuance up to ₹50 crore; committee authorised up to ₹300 crore.
Source: Bse
Akme Fintrade (India) Limited (AFIL)
Small CapFinancial Services stocks · Small cap · NSE
Akme Fintrade (India) Limited is an RBI-registered NBFC focused on transforming rural and semi-urban finance in India. It operates across 5 states with 29 branches and 30+ points of presence, serving over 200,000 customers with a 100% secured loan book.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals04 Oct 2026 · screener
Latest result30 Jul, 01:13 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -13.3% / mo · MACD +
Stock trend: 36
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
AFILD candles · FIT view-16.6%Latest close ₹7.48 on 2026-10-19
Bar
-5.6%
RSI
32
MACD hist
0.04
52W pos
50%
2026-10-19O ₹7.92H ₹8.05L ₹7.11C ₹7.48Vol 11.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
AFILNifty Financial ServicesNifty 500
- AFIL
- -22.9%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -17.3 pp
Chart stats
19 Oct 2026- From 52W high
- -32.6%
- 52W range position
- 50%
- ATR (14)
- 6.1%
- Volume vs 20D
- 2.41x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹7 - ₹9
₹11.1
₹3.9 - ₹11.1
₹0.5
Latest completed session
20-session average
41.6% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE53
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average50
Revenue +31.3% · PAT +20.0% YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model+71.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence61
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 50/100Rev +31% YoY · PAT +20% YoY
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹42 Cr | +31.3% | -2.3% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹12 Cr | +20.0% | +0.0% |
| PAT margin | 28.6% | -268 bps | +66 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.81
- P/B
- 0.79
- EV/EBITDA
- 849.00
- Market Cap
- 346.00Cr
Profitability
- ROE
- 10.50%
- ROCE
- 13.90%
- ROA
- 4.71%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 21.00%
- Revenue 3Y
- 29.00%
- EPS 3Y
- 43.00%
Balance Sheet
- Debt/Equity
- 1.19
- Interest Coverage
- —
- Altman Z
- 1.15
- Book Value
- 9.93
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 4/5
- OCF
- -167.00 Cr
- EPS TTM
- 1.03
Shareholding
- Promoter Hold
- 39.02%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 53%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 21.0+320.0% vs prev
Net Profit
₹ CrLatest: 42.0+27.3% vs prev
Return on Equity
%Latest: 9.9+15.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 32.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~15.3% over last month) — short-term momentum negative.
- RSI(14) at 32 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 33% off 52W high · 91% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
39
RS percentile
Stage 1 Base / Transition
1M return
-13.1%
3M return
-22.9%
6M return
-22.4%
1Y return
-7.7%
RS 1D
-8
RS 20D
-12
Sector rank
#10
Industry rank
#67
Stage evidence
- Price is 18.5% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 85.64-5.54%
RS vs Nifty 50086
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 53 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation29/30
Growth19/25
Quality2/20
Balance Sheet2/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
-3
Raw sum
53
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
53/100 · legacy band FAIR VALUE
Positive drivers
- Fair-value margin of safety is positive at 71.5%.
- Valuation contributes 29/30 to the score.
- Growth contributes 19/25 to the score.
Main drags
- Altman Z is 1.1, in distress territory.
- Penalty bucket subtracts 3 points.
- Quality is weaker at 2/20; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
7.8
PB
0.8
EV/EBITDA
849.0
ROE
10.5%
ROCE
13.9%
FCF Yield
—
Debt/Equity
1.2
MoS
+71.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
53
Previous: 53
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+71.5%
Previous: +71.5%
Score history
12 stored score snapshots. Latest stored move: +2 points.
20 Oct 2026
v4.3-runtime-valuation
53
51
51
51
51
51
51
51
51
51
51
53
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹15.17
+50.7% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹26.27
+71.5% MoS
PEG
0.26
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CPCAP
Small
CP Capital Limited
NBFC
match 134
60
6.4
7.6%
+75%
UNDERVALUED
AVONMORE
Small
Avonmore Capital & Management Services Limited
NBFC
match 133
15
22.8
2.2%
-805%
OVERVALUED
CSLFINANCE
Small
CSL Finance Limited
NBFC
match 132
60
5.5
14.9%
+78%
UNDERVALUED
BAIDFIN
Small
Baid Finserv Limited
NBFC
match 130
42
11.0
7.3%
+62%
WATCHLIST
CORALFINAC
Small
Coral India Finance & Housing Limited
NBFC
match 129
46
8.8
6.9%
+12%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-08T07:24:06.823Z
Management commentary snapshot
Akme Fintrade reports robust H1 FY26 performance with AUM up 54.8% YoY to ₹767.46 Cr and disbursements surging 135.35% YoY. PAT grew 17.32% YoY, while asset quality improved with GNPA at 2.96% and NNPA at 1.43%.
The company demonstrates strong growth in AUM and disbursements, driven by vehicle loans. Asset quality shows improvement, and NIM expanded. However, the significant increase in impairment and employee costs warrants monitoring. New ventures in gold loans and insurance, along with an ambitious AUM target, indicate a clear growth strategy.
Current business mix
AUM by Product (H1 FY26)
Latest issuer-disclosed distribution across 3 reported categories.
SME/LAP46.6%
Two Vehicle Loan29.6%
Commercial Vehicle Loan23.8%
Growth engines
Vehicle Loan Portfolio
Strategic focus on vehicle loans, with two-wheeler and commercial vehicle loans growing 256.07% and 245.56% YoY respectively in H1 FY26.
Gold Loan Segment
Exploring opportunities in gold loans, tapping into an estimated ₹135 Lakh Cr unmonetized household gold market with projected AUM of $15 trillion by FY2026.
Insurance Sales & Distribution
Received IRDAI License in November 2025, expecting revenue contribution from Q4, leveraging existing network for cross-selling.
Geographic Expansion & Dealer Network
Expanding in new geographies and focusing on increasing dealer network to double current relationships.
Capacity and execution
IRDAI License
Received IRDAI License in November 2025 for insurance sales and distribution.
EV Financing Agreement
Entered into an agreement with Kilpi Technology (FINAYO) for the financing of EVs in 2025.
Branch Network
Maintains 29 branches and 35+ points of sale across 5 states, with plans to expand in new geographies.
Tailwinds
Vehicle Financing Market Growth
Overall two-wheeler financing market expected to grow by 18%-19% in FY26, driven by government initiatives and EV demand.
Gold Loan Market Potential
Indian households hold 25,000-27,000 tonne of gold, with organized gold loan AUM projected to reach $15 trillion by FY2026.
Favorable Interest Rate Outlook
A front-loaded 100 bps repo rate cut in CY25 is set to enhance margins and profitability.
Reviving Rural Demand
Favorable monsoon patterns and rural-focused schemes are poised to boost credit demand.
Risk radar
Rising Impairment Costs
Impairment of Financial Instruments increased by 236.78% YoY to ₹2.93 Cr in H1 FY26.
Increasing Operating Expenses
Employee Benefit Expense grew 66.36% YoY to ₹7.27 Cr, and Total Expenses increased 56.32% YoY in H1 FY26.
Capital Adequacy Ratio Decline
CRAR decreased by 187 Bps YoY to 51.68% in H1 FY26, though still robust.
Provision Coverage Ratio Decline
PCR decreased by 149 Bps YoY to 51.50% in H1 FY26.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The investor presentation primarily provides H1 FY26 results compared to H1 FY25, indicating a focus on year-over-year performance trends for key financial metrics and business growth.
Sector KPIs management disclosed
AUM Growth
AUM grew 54.80% YoY to ₹767.46 Cr in H1 FY26.
Disbursements
Amount Disbursed in H1 FY26 was ₹227.62 Cr, up 135.35% YoY.
Net Interest Margin (NIM)
NIM for H1 FY26 was 12.81%, an increase of 44 Bps YoY.
Borrowing Cost
Average rate of borrowings was ~14.22% in H1 FY26, down 122 Bps YoY.
Management forward view
FY26 AUM Target
Targeting an AUM of ₹950 Cr for FY26.
Customer Base Expansion
Ambitious goal to reach 5 million customers by 2030.
Strategic Positioning
Vision to position as India's premier rural-centric digital lending platform.
Funding Plans
Planning to raise funds through NCD and ECB.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| AUM Growth | ₹767.46 Cr (H1 FY26) | Monitor progress towards the FY26 AUM target of ₹950 Cr and sustained growth in vehicle loan segments. |
| Asset Quality (GNPA/NNPA) | GNPA 2.96%, NNPA 1.43% (H1 FY26) | Watch for continued improvement in asset quality and stability in PCR amidst portfolio growth. |
| Impairment & Operating Costs | Impairment up 236.78% YoY, Employee costs up 66.36% YoY (H1 FY26) | Assess if the significant increase in impairment and employee benefit expenses is a one-off or a trend impacting profitability. |
| New Business Verticals | IRDAI License received, Gold Loan exploration (Nov 2025) | Track revenue contribution from new insurance and gold loan segments starting Q4 FY26. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
61Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 32nd percentile of the scored universe and 49th percentile within Financial Services. Main check: balance sheet trust is weak at 35/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
30 docs text-extracted · 6 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
32nd percentile
overall median 67 · Financial Services: 49th pctile, median 62 · Small: 36th pctile, median 66
Evidence depth
Financial-only
30 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
70
acceptable · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸4 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-167 Cr.
- ▸Altman Z is 1.23.
- ▸Promoter holding fell 2.2%.
- ▸Debt/equity is 1.19.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Akme Fintrade (India) Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Issue of Securities 24 Aug - Akme Fintrade approved listed NCD issuance up to ₹50 crore on private placement basis on August 24, 2026.
Source: Bse
Annual reportAug 2026
Aug 2026 · Reg. 34 (1) Annual Report. 11 Jul - 30th AGM on August 4, 2026; annual report, borrowing limit, capital increase, directors and related-party approvals.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Issue of Securities 3 Jul - Akme Fintrade approved issuing listed secured NCDs up to INR 25 crore on July 3, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Jul - Akme Fintrade (India) Limited has informed regarding the copy of newspaper publication.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Jul - Akme Fintrade (India) Limited has informed the copy of Newspaper Publication.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Conversion of Securities 29 Jun - Board approved allotment of 1.3 crore shares, auditor changes, and borrowing limit increase to ₹1,200 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association 29 Jun - Board approved allotment of 1.3 crore shares, authorised capital to ₹60 crore and borrowing limit to ₹1,200 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 29 Jun - Board allotted 30 lakh and 1 crore shares, raised capital to ₹60 crore, borrowing limit to ₹1,200 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Cessation 29 Jun - Board approved allotment of 1.3 crore shares, capital hike to ₹60 crore, borrowing limit ₹1,200 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment 1 Jun - Board allotted 4.75 crore warrants at Rs7 each; total issue size Rs33.25 crore, upfront Rs8.31 crore.
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.