Investor presentationAug 2026
Aug 2026 · PPT
Source: Nse
Akiko Global Services Ltd. (AKIKO)
SME CapFinancial Services stocks · SME cap · NSE
Akiko Global Services Ltd. (AKIKO) is an Indian fintech-led distribution platform that evolved from a traditional DSA. It combines digital customer acquisition with an on-ground fulfillment network, offering credit cards and various loan segments. The company operates through its proprietary aggregation engine 'Money Fair' and a direct-to-consumer layer 'Akiko Pay'.
₹426
-4.10 · -0.95%
Market cap ₹463 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result16 Aug, 01:19 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
61Bullishfull bull SMA stack · SMA20 +1.8% / mo · MACD − · near 52W high
Stock trend: 73
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
AKIKOD candles · FIT view+86.8%Latest close ₹426.00 on 2026-10-19
Bar
-0.9%
RSI
57
MACD hist
-0.84
52W pos
79%
2026-10-19O ₹430.00H ₹460.00L ₹419.95C ₹426.00Vol 8,000 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
AKIKONifty Financial ServicesNifty 500
- AKIKO
- +26.8%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +32.3 pp
Chart stats
19 Oct 2026- From 52W high
- -13.1%
- 52W range position
- 79%
- ATR (14)
- 5.0%
- Volume vs 20D
- 0.54x
- Avg traded value
- ₹0.6 Cr
- 20D price channel
- ₹391 - ₹490
₹490
₹190.3 - ₹490
₹21.1
Latest completed session
20-session average
35.5% 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 is neutral, and recent execution is mixed.
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 VALUE52
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +130.6% · PAT +247.0% YoY
Technical
Bullish61
Price trend and sector-relative-strength timing.
Valuation
Legacy model+7.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
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
Excellent · 100/100Rev +131% YoY · PAT +247% YoY · margin expansion · +18% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹68.1 Cr | +130.6% | +18.0% |
| EBITDA | ₹10.1 Cr | +145.1% | +28.2% |
| Operating margin | 14.8% | +88 bps | +118 bps |
| PAT | ₹7 Cr | +247.0% | +27.0% |
| PAT margin | 10.3% | +345 bps | +73 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.00
- P/B
- 7.72
- EV/EBITDA
- 14.48
- Market Cap
- 463.00Cr
Profitability
- ROE
- 29.40%
- ROCE
- 37.30%
- ROA
- 20.37%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 66.62%
- EPS 5Y
- 65.83%
- Revenue 3Y
- 66.62%
- EPS 3Y
- 65.83%
Balance Sheet
- Debt/Equity
- 0.25
- Interest Coverage
- 31.00×
- Altman Z
- 9.52
- Book Value
- 55.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- -6.00 Cr
- EPS TTM
- 17.96
Shareholding
- Promoter Hold
- 67.29%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 80%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 173+127.6% vs prev
Net Profit
₹ CrLatest: 17.0+112.5% vs prev
Return on Equity
%Latest: 28.3+55.8% 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
Bullish setupTrend is constructive — long-term uptrend intact. RSI 57.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~1.8% over last month) — short-term momentum positive.
- RSI(14) at 57 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 13% off 52W high · 124% 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
92
RS percentile
Stage 2 UptrendEstablished S2
1M return
+2.4%
3M return
+26.8%
6M return
+81.4%
1Y return
+58.4%
RS 1D
0
RS 20D
0
Sector rank
#10
Industry rank
#16
Stage evidence
- Price is 37.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +10.0%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
15 Jul 2026
S2 age
67 trading sessions
Sector
weakening
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
260 observations
19 Oct 2026Value 180.28+0.07%
RS vs Nifty 500180
Valuation & peers
U-Score 52 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 52 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation3/30
Growth21/25
Quality18/20
Balance Sheet10/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-3
Raw sum
52
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
52/100 · legacy band FAIR VALUE
Positive drivers
- Quality contributes 18/20 to the score.
- Growth contributes 21/25 to the score.
- Balance sheet contributes 10/15 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Valuation is weaker at 3/30; 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
24.0
PB
7.7
EV/EBITDA
14.5
ROE
29.4%
ROCE
37.3%
FCF Yield
—
Debt/Equity
0.3
MoS
+7.0%
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
52
Previous: 52
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+7.0%
Previous: +7.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
53
53
53
53
53
53
51
52
52
52
52
52
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
₹150.03
-183.9% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹457.98
+7.0% MoS
PEG
0.36
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
RNFI
SME
RNFI Services Ltd.
Financial Services
match 83
52
28.0
23.0%
-9%
FAIR VALUE
HEADSUP
Small
Heads UP Ventures Limited
Financial Services
match 70
4
—
-0.2%
—
OVERVALUED
GCSL
Small
Gretex Corporate Services Limited
Financial Services
match 64
31
62.6
12.7%
-146%
OVERVALUED
BLUSPRING
Small
Bluspring Enterprises Limited
Financial Services
match 63
14
142.0
-0.5%
-1982%
OVERVALUED
THEINVEST
Small
The Investment Trust Of India Limited
Financial Services
match 56
50
14.4
4.0%
+45%
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 2026-06-19T03:23:33.410Z
Management commentary snapshot
FY26 Revenue from Operations surged 126.38% YoY to ₹17,273.16 Lakhs, with PAT up 120.26% YoY to ₹1,741.50 Lakhs. Q4 FY26 margins were impacted by investments in branch expansion, technology, and Akiko Pay scale-up.
Akiko delivered strong FY26 financial performance, driven by its hybrid fintech model and expanded distribution. While Q4 margins saw temporary pressure from strategic investments, the company's focus on digital acquisition, branch network, and Akiko Pay scale-up positions it for continued growth, targeting 70-100% YoY revenue growth in FY27.
Current business mix
Loan Business Customer Acquisition Mix
Latest issuer-disclosed distribution across 2 reported categories.
DSA/Offline Channels60.0%
Digital Sourcing40.0%
Growth engines
Hybrid Business Model
Combining digital customer acquisition capabilities with a strong on-ground fulfillment and distribution network across key markets in India.
Akiko Pay Platform
Building a direct-to-consumer layer to drive customer ownership, engagement, and cross-sell opportunities, with encouraging user response and repeat transaction trends.
Diversified Product Portfolio
Across credit cards and multiple loan segments, with a strong focus on unsecured lending and distribution efficiency.
Digital-First Customer Acquisition
70% of credit card sourcing from App + performance marketing, 40% of loan sourcing from digital channels, driving lower CAC.
Capacity and execution
Branch Network Expansion
Expanded company-owned branch presence across major cities including Delhi NCR, Mumbai, Bangalore, Hyderabad, Ahmedabad, Pune, Jaipur, Chandigarh, Lucknow, Patna, Kolkata and other emerging markets.
Workforce Strength
Increased significantly to 950+ comprising employees and channel partners from 350+ last year across various operational locations.
Akiko Pay Platform Rollout
Expected to be fully available across both Android and Apple iOS platforms in the upcoming quarter with planned feature integrations.
Tailwinds
Indian Credit Card Industry Growth
Strong structural growth of ~15–20% CAGR, driven by rising consumer demand and increasing formalization of credit, with low penetration (~7-8%).
Digital Lending Market Expansion
India’s fintech ecosystem estimated at ~₹60-70 trillion (FY24), with lending contributing ~50%+, and digital lending valued at ~₹350 billion.
Shift to Platform-Led Lending
Increasing share of loans sourced through digital and fintech platforms, enabling 20-40% higher approval rates through better customer–lender matching.
Risk radar
Forward-Looking Statements Risk
Company's actual results could differ materially and adversely from results expressed in or implied by this Presentation due to known and unknown risks, uncertainties and assumptions.
Competition
The company operates in a competitive industry, which is a general risk factor for its performance.
Technological Implementation Risk
Risks associated with technological implementation, changes and advancements.
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 BOTH
The presentation provides both annual (FY26 vs FY25) and quarterly (Q4 FY26 vs Q4 FY25, Q4 FY26 vs Q3 FY26) results. Annual comparisons are crucial for overall business growth and profitability trends, while quarterly data highlights recent operational momentum and the impact of strategic investments on margins.
Sector KPIs management disclosed
Revenue from Operations (FY26)
Increased by 126.38% YoY to ₹17,273.16 Lakhs.
Profit After Tax (FY26)
Increased by 120.26% YoY to ₹1,741.50 Lakhs.
Credit Card Monthly Disbursals
Scaled to over 16,000 monthly disbursals supported by 40+ banking and NBFC partnerships.
Loan Monthly Disbursals
Exceeded ₹400 crore with an annualized run-rate of nearly ₹5,000 crore.
Management forward view
FY27 Revenue Growth Target
Targeting 70% - 100% YoY revenue growth with similar profitability margins.
Long-Term Revenue Vision
Achieve ₹1,000 crore revenue with sustainable PAT margins of 12% - 13% by FY2030.
Akiko Pay Expansion
Planned feature integrations include iOS app launch, improved onboarding/KYC, scaling prepaid card/wallet, adding travel bookings/rewards (2026), and launching UPI, EMI tracking/AI-led credit tools, expanding lending marketplace, introducing insurance (2026).
Strengthening Technology Infrastructure
Focused on strengthening technology infrastructure and expanding digital acquisition capabilities to build a scalable, profitable, and sustainable fintech platform.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| FY27 Revenue Growth | FY26 Revenue from Operations: ₹17,273.16 Lakhs (126.38% YoY growth). | Achievement of 70-100% YoY revenue growth in FY27, as guided by management. |
| Profitability Margins | FY26 PAT Margin: 10.08%; Q4 FY26 PAT Margin: 9.55%. | Maintenance of similar profitability margins in FY27, as guided by management, after Q4 investments. |
| Akiko Pay User Engagement | MAU: 9K, DAU: 1K, ~30% repeat users, 3-4 transactions per user. | Continued growth in user base, engagement, and successful iOS app launch and feature integrations. |
| Loan & Credit Card Disbursals | 16,000+ monthly credit cards, ₹400 Cr+ monthly loan disbursals. | Sustained momentum and growth in monthly disbursal volumes across both segments. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
69Limited 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 59th percentile of the scored universe and 71st percentile within Financial Services. Main check: cash conversion is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · Financial Services: 71st pctile, median 62 · SME: 77th pctile, median 64
Evidence depth
Financial-only
5 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
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
63
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 67.3%.
- ▸Promoter pledge is zero.
- ▸ROCE is 37.1%.
- ▸Latest 3 quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-6 Cr.
- ▸Only 0 years of positive FCF.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Akiko Global Services Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Nse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Nse
Investor presentationMay 2026
May 2026 · PPT
Source: Nse
Annual report
Annual Report 2026
Source: Nse
Annual report
Copy of Newspaper Publication 3 Sep - Notice of 8th AGM, annual report FY2025-26 dispatched; newspaper ad published on 03-09-2026.
Source: Nse
Concall transcriptFeb 2026
Feb 2026 · Transcript
Source: Nse
Investor presentationFeb 2026
Feb 2026 · PPT
Source: Nse
Investor presentationDec 2025
Dec 2025 · PPT
Source: Nse
Investor presentationJul 2025
Jul 2025 · PPT
Source: Nse
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.