Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Oct
Source: Bse
Poonawalla Fincorp Limited (POONAWALLA)
Small CapFinancial Services stocks · Small cap · NSE
Poonawalla Fincorp is an Indian non-banking financial company (NBFC) focused on retail lending. The company emphasizes a digital and AI-led approach to its operations, aiming for a self-sustaining earnings engine through disciplined AUM expansion, NIM optimization, and continuous credit quality refinement across its diverse product portfolio.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals18 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result09 Oct, 04:26 pm 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
48NeutralSMA20 -2.2% / mo · MACD +
Stock trend: 51
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
POONAWALLAD candles · FIT view+7.0%Latest close ₹445.70 on 2026-10-19
Bar
-1.0%
RSI
47
MACD hist
0.36
52W pos
54%
2026-10-19O ₹450.00H ₹450.00L ₹441.55C ₹445.70Vol 10.5L 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
POONAWALLANifty Financial ServicesNifty 500
- POONAWALLA
- -4.6%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +1.0 pp
Chart stats
19 Oct 2026- From 52W high
- -18.2%
- 52W range position
- 46%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.34x
- Avg traded value
- ₹126 Cr
- 20D price channel
- ₹427.1 - ₹484
₹544.8
₹361.2 - ₹544.8
₹15.9
Latest completed session
20-session average
31.8% 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 is neutral, 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 · OVERVALUED13
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent85
Revenue +70.2% · PAT +406.6% YoY
Technical
Neutral48
Price trend and sector-relative-strength timing.
Valuation
Legacy model-37.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence53
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 Sept 2026
Excellent · 85/100Rev +70% YoY · PAT +407% YoY · +12% QoQ · operating leverage
Filed 09 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,624.5 Cr | +70.2% | +12.3% |
| EBITDA | ₹1,570.9 Cr | NDF | +15.2% |
| Operating margin | 59.9% | NDF | +152 bps |
| PAT | ₹374.9 Cr | +406.6% | +21.8% |
| PAT margin | 14.3% | +948 bps | +111 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 36.40
- P/B
- 2.88
- EV/EBITDA
- 859.51
- Market Cap
- 39535.00Cr
Profitability
- ROE
- 5.86%
- ROCE
- 7.51%
- ROA
- 1.46%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 24.00%
- EPS 5Y
- 24.00%
- Revenue 3Y
- 46.00%
- EPS 3Y
- 5.00%
Balance Sheet
- Debt/Equity
- 4.31
- Interest Coverage
- —
- Altman Z
- 0.71
- Book Value
- 156.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 5/5
- OCF
- -21786.00 Cr
- EPS TTM
- 12.73
Shareholding
- Promoter Hold
- 59.01%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 51%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 3.0-87.5% vs prev
Net Profit
₹ CrLatest: 542+653.1% vs prev
Return on Equity
%Latest: 3.9+514.7% 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
NeutralTrend is undirectional — long-term uptrend intact. RSI 47.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.3% over last month) — short-term momentum negative.
- RSI(14) at 47 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 14% off 52W high · 23% 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
56
RS percentile
Stage 3 Topping
1M return
-7.0%
3M return
-4.6%
6M return
+5.1%
1Y return
-9.7%
RS 1D
0
RS 20D
-3
Sector rank
#9
Industry rank
#16
Stage evidence
- 11.3% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (+0.5% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price below
200-DMA
price above
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 94.65+0.31%
RS vs Nifty 50095
Valuation & peers
U-Score 13 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 13 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth9/25
Quality0/20
Balance Sheet0/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
13
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
13/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 9/25 to the score.
- Cash flow contributes 3/10 to the score.
- Valuation contributes 0/30 to the score.
Main drags
- Altman Z is 0.7, in distress territory.
- Fair-value margin of safety is negative at -37.3%.
- Valuation is weaker at 0/30; 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
36.4
PB
2.9
EV/EBITDA
859.5
ROE
5.9%
ROCE
7.5%
FCF Yield
—
Debt/Equity
4.3
MoS
-37.3%
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
13
Previous: 13
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-37.3%
Previous: -37.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
13
13
13
13
13
13
13
13
15
13
13
13
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
₹211.38
-110.9% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹324.62
-37.3% MoS
PEG
2.22
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
PIRAMALFIN
Small
Piramal Finance Limited
NBFC / Capital Markets / Insurance
match 130
19
24.3
0.9%
+5%
OVERVALUED
PNBHOUSING
Small
PNB Housing Finance Limited
NBFC / Capital Markets / Insurance
match 128
37
13.2
12.7%
+49%
WATCHLIST
NIACL
Large
The New India Assurance Company Limited
NBFC / Capital Markets / Insurance
match 123
16
39.8
4.9%
-533%
OVERVALUED
M&MFIN
Mid
Mahindra & Mahindra Financial Services Limited
NBFC / Capital Markets / Insurance
match 123
34
13.2
12.3%
+49%
WATCHLIST
SGFIN
Small
SG Finserve Limited
NBFC / Capital Markets / Insurance
match 123
18
28.5
10.3%
-1%
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
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-19T09:12:46.867Z
Management commentary snapshot
Poonawalla Fincorp reports strong Q2 FY27 results with AUM up 10.4% QoQ, ROA improving to 2.18%, and significant asset quality gains. NIM plus fees expanded to 9.26%, while credit cost and GNPA declined, driven by calibrated underwriting and enhanced collections.
The company demonstrates consistent execution on its strategy of profitable growth, margin expansion, and asset quality improvement. Structural gains from AI/digital adoption, new product traction, and cross-sell are reinforcing a compounding earnings engine, despite ongoing investments.
Growth engines
New Product Traction
New products contributed 28% of the disbursements this quarter versus 26% the previous, and 24% the previous to that. They continue to scale steadily.
Digital & AI-led Channels
Prime Personal Loans, our digital prime PL, now contributes to 42% of the PL disbursements compared to 38% the previous quarter, providing significant operating leverage.
Cross-Sell Engine
Our cross-sell engine has been set up, and is now beginning to fire. Adoption across our product lines has commenced in line with our strategic roadmap.
Distribution Expansion
Gold loan network expanded to 550 branches from 460. Consumer durable franchise scaled to 20,000 dealers across 360 locations. CV scaled to 1,250 channel partners across 90+ locations.
Capacity and execution
Gold Loan Branches
We launched 90 new gold loan branches this quarter alone, bringing our gold loan network to 550 branches from 460 at the end of Q1FY27. We remain on track to add a total of approximately 200 new branches in this financial year.
Consumer Durable Dealers
Our consumer durable franchise has successfully scaled to 20,000 dealers across 360 locations.
Commercial Vehicle Channel Partners
On the distribution side, we scaled up to 1,250 channels partners, up from 1,100 in the earlier quarter and expanded our geographical footprint to 90 plus locations across 13 states.
Education Loan Consultant Network
We have significantly strengthened our origination capabilities expanding our consultant network to 700 partners.
Tailwinds
Festive Season Demand
As we step into the festive season, let me begin by wishing all of you and your families a very happy and prosperous times ahead.
Pricing Power
Our ability to pass on rate hikes is strong; we already passed on 25 basis points effective a week back.
Diversified Borrowing Mix
We are well-placed in a diversified borrowing mix to contain the rise in our cost of borrowings minimum.
Headwinds
Global Fuel Prices Uncertainty
Despite the background of the global fuel prices uncertainty, we ended Q2FY27 with an average monthly disbursement of ₹127 crore for commercial vehicles.
Interest Rate Hike Cycle
In a rising interest rate scenario, obviously there can be an upward movement in our cost of borrowing.
Proposed Insurance Commission Regulations
We all saw the possibility of that fee compression, if I can use that word, if that framework comes alive.
Risk radar
Interest Rate Sensitivity
In a rising interest rate scenario, obviously there can be an upward movement in our cost of borrowing.
Regulatory Changes (Insurance)
Proposed insurance commission regulations could lead to fee compression, impacting fee yields.
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
Both sequential (QoQ) and annual (YoY) comparisons are crucial for NBFCs. QoQ highlights immediate operational momentum, utilization, and project execution, while YoY provides context for seasonal businesses and broader trends in asset quality and profitability.
Sector KPIs management disclosed
Assets Under Management (AUM)
AUM at the end of Q2FY27 stands at ₹74,008 crore, reporting a strong growth of 10.4% quarter-on-quarter.
Net Interest Margin (NIM) + Fees
Q2FY27 NIM plus fees expanded by 16 basis points to 9.26% from 9.10% in Q1FY27. This is an improvement of 86 bps year-on-year. Net income of over 9% sustained over three quarters.
Cost of Borrowing
The cost of borrowing for the quarter stood at 7.76% versus 7.72% in the previous quarter.
Gross Non-Performing Assets (GNPA)
GNPA for Q2FY27 stands at 1.2% versus 1.37% the previous quarter, a reduction of 39 bps year-on-year.
Management forward view
Self-Sustaining Earnings Engine
This quarter marks an inflection point in establishing a self-sustaining earnings engine through structural improvements across four key dimensions.
Commitment to Sustainable Profitability
We are very committed to a sustained profitability model, which can be easily predicted for years to come.
Structural Asset Quality Gains
Our asset quality gains are structural rather than transient, driven by high-quality new vintages and calibrated underwriting.
AI-Native Enterprise Goal
The next phase is depth: AI in hands of every employee and every role, embedded in every core process as a daily partner in how work is done, and decisions are made.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| ROA | 2.18% | Continued improvement towards peak ROAs in 2.5-3 years, driven by all three vectors: lending spread, operating leverage, and credit cost. |
| Credit Cost | 2.19% | Further structural decline and stabilization, supported by strong calibration, collection investments, and lower-cost asset scaling. |
| Opex-to-AUM | 4.15% | Structural operating leverage to become a significant contributor to ROA over a two-year window, despite sensible investments in AI and branches. |
| Cross-Sell Penetration | Just starting | Incremental to compounding growth in cross-sell, improving unit economics and operating leverage from existing customer franchise. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
53Limited 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 12th percentile of the scored universe and 17th 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 20 Oct 2026
management-trust-v1
141 docs text-extracted · 18 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
12th percentile
overall median 67 · Financial Services: 17th pctile, median 62 · Small: 14th pctile, median 66
Evidence depth
Financial-only
141 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
52
watch · profit to cash conversion
Balance sheet
22
weak · leverage and solvency
Discipline
40
weak · capital discipline
Results
82
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 59%.
- ▸Promoter pledge is zero.
- ▸5 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-21786 Cr.
- ▸Debt/equity is 4.31.
- ▸Altman Z is 0.71.
- ▸Promoter holding fell 4.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Poonawalla Fincorp Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Oct
Source: Bse
Concall transcript
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Oct
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Oct - Poonawalla Fincorp schedules institutional investor meetings in Singapore on October 14-15, 2026.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 28 Sep - CARE reaffirmed Poonawalla Fincorp ratings, including AAA/A1+ on ₹40,020 crore bank facilities and other instruments.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 22 Sep
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 9 Sep - CRISIL assigned/reaffirmed AAA/Stable ratings on debt facilities and enhanced bank loans to Rs19,785 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 22 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Issue of Securities 12 Aug - Poonawalla Fincorp approved issuance of secured listed NCDs worth up to ₹750 crore on private placement basis.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - Institutional investor meetings scheduled July 27-31, 2026 in Singapore and Hong Kong.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.