AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Allotment 28 Sep - Fusion Finance allotted 10,00,000 equity shares to ESOP Trust on September 28, 2026.
Source: Bse
Fusion Finance Limited (FUSION)
Small CapFinancial Services stocks · Small cap · NSE
Fusion Finance Limited operates in Microfinance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:16 pm ISTDetails
Quote21 Oct, 03:16 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:05 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 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
38BearishSMA20 -13.2% / mo · RSI oversold · MACD − · near 52W low
Stock trend: 32
Sector RS: 46
Sector 3M: -5.8% vs Nifty 500 -5.8%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
FUSIOND candles · FIT view-19.7%TODAY · PROVISIONALLatest price ₹145.30 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-4.7%
RSI
19
MACD hist
-1.24
52W pos
8%
2026-10-21O ₹152.50H ₹155.49L ₹143.99C ₹145.30Vol 4.6L shIntraday candle
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
FUSIONNifty Financial ServicesNifty 500
- FUSION
- -33.3%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -27.8 pp
Chart stats
19 Oct 2026- From 52W high
- -38.0%
- 52W range position
- 13%
- ATR (14)
- 4.3%
- Volume vs 20D
- 1.49x
- Avg traded value
- ₹7.3 Cr
- 20D price channel
- ₹149.2 - ₹187.9
₹243
₹136.5 - ₹243
₹6.5
Latest completed session
20-session average
30.3% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED21
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad20
Revenue +3.6% · PAT NDF YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model-507.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence52
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
Bad · 20/100Rev +4% YoY · +8% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹458 Cr | +3.6% | +8.0% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹62 Cr | NDF | -45.6% |
| PAT margin | 13.5% | +3435 bps | -1335 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 16.10
- P/B
- 1.11
- EV/EBITDA
- 920.11
- Market Cap
- 2710.00Cr
Profitability
- ROE
- 0.68%
- ROCE
- 5.92%
- ROA
- 2.04%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 15.00%
- EPS 5Y
- -21.00%
- Revenue 3Y
- -1.00%
- EPS 3Y
- -67.00%
Balance Sheet
- Debt/Equity
- 2.27
- Interest Coverage
- —
- Altman Z
- 0.77
- Book Value
- 152.00
Cash Flow
- FCF Yield
- 42.73%
- FCF Positive Y
- 2/5
- OCF
- 1146.00 Cr
- EPS TTM
- 10.44
Shareholding
- Promoter Hold
- 53.97%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 30%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: -21.0-520.0% vs prev
Net Profit
₹ CrLatest: 14.0+101.1% vs prev
Return on Equity
%Latest: 0.6+100.8% 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
Bearish setupTrend is weak — long-term trend down. RSI 19.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~16.1% over last month) — short-term momentum negative.
- RSI(14) at 19 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 40% off 52W high · 6% 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
28
RS percentile
Stage 1 Base / Transition
1M return
-18.6%
3M return
-33.3%
6M return
-18.6%
1Y return
-18.1%
RS 1D
-9
RS 20D
-32
Sector rank
#10
Industry rank
#67
Stage evidence
- Price is 19.4% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.4% 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)
261 observations
19 Oct 2026Value 81.41-4.35%
RS vs Nifty 50081
Valuation & peers
U-Score 21 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 21 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation10/30
Growth4/25
Quality0/20
Balance Sheet0/15
Cash Flow6/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
21
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
21/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 42.7%.
- Cash flow contributes 6/10 to the score.
- Valuation contributes 10/30 to the score.
Main drags
- Altman Z is 0.8, in distress territory.
- Fair-value margin of safety is negative at -507.9%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
16.1
PB
1.1
EV/EBITDA
920.1
ROE
0.7%
ROCE
5.9%
FCF Yield
42.7%
Debt/Equity
2.3
MoS
-507.9%
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
21
Previous: 21
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-507.9%
Previous: -530.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
19
19
19
19
19
19
19
20
20
19
21
21
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
₹188.96
+23.1% MoS
Growth-justified P/E
2.3
Growth-justified Value
₹23.91
-507.9% MoS
PEG
—
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
ARMANFIN
Small
Arman Financial Services Limited
NBFC
match 167
39
15.9
6.3%
+46%
WATCHLIST
AYE
Small
Aye Finance Limited
NBFC
match 166
39
16.9
9.2%
+47%
WATCHLIST
CAPTRUST
Small
Capital Trust Limited
NBFC
match 162
15
10.3
-8.2%
-510%
OVERVALUED
CREDITACC
Small
CREDITACCESS GRAMEEN LIMITED
NBFC
match 153
33
16.3
10.5%
+36%
WATCHLIST
ASHIKAG
Small
Ashika Global Securities Limited
NBFC
match 143
28
38.4
5.6%
-81%
OVERVALUED
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
Issuer presentation review pending
Fusion Finance Limited operates in Microfinance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
52Limited 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 10th percentile of the scored universe and 15th percentile within Financial Services. Main check: balance sheet trust is weak at 22/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
48 docs text-extracted · 10 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
10th percentile
overall median 67 · Financial Services: 15th pctile, median 62 · Small: 12th pctile, median 66
Evidence depth
Financial-only
48 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
Needs extra due diligence; demand valuation comfort and recent improvement.
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
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
22
weak · leverage and solvency
Discipline
40
weak · capital discipline
Results
29
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 35.8%.
Trust risks
- ▸Debt/equity is 2.27.
- ▸Altman Z is 0.83.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 5.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Fusion Finance Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 25 Sep - Priyanka Seth Wadhera resigns as Chief Strategy Officer effective Sept. 25, 2026; last working day Dec. 19, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 15 Sep - Board accepted CHRO Pooja Mehta's resignation and appointed Chinmayi Trivedi effective 15 September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 31 Aug - Intimation of Schedule of Analysts/ Investors Meeting is attached
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Company Ir
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Aug
Source: Bse
Annual reportJul 2026
Jul 2026 · Letter To The Members Providing Web-Link For Accessing The Notice Convening The 32Nd Annual General Meeting And Annual Report For The FY 2025-26 30 Jun - 32nd AGM scheduled for July 22, 2026; annual report FY2025-26 web-link shared.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Jul - Newspaper Advertisement - Dispatch of Notice of Postal Ballot and remote e-voting information is enclosed.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Jul - Newspaper Advertisement- Notice of 32nd Annual General Meeting and e-voting information
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 30 Jun
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Aug - Transcript of Earnings Conference call on the Standalone Un-audited Financial Results for the quarter ended June 30, 2026 is enclosed.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.