Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
TSF INVESTMENTS LIMITED (TSFINV)
Micro CapFinancial Services stocks · Micro cap · NSE
TSF INVESTMENTS LIMITED operates in Holding, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹387.65
-10.00 · -2.51%
Market cap ₹8,944 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result16 Aug, 12:52 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
38BearishMACD − · near 52W low
Stock trend: 33
Sector RS: 45
Sector 3M: -5.7% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
TSFINVD candles · FIT view-6.1%Latest close ₹387.65 on 2026-10-21
Bar
-2.5%
RSI
34
MACD hist
-2.54
52W pos
15%
2026-10-21O ₹397.65H ₹397.75L ₹381.35C ₹387.65Vol 69,810 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
TSFINVNifty Financial ServicesNifty 500
- TSFINV
- -17.3%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- -10.9 pp
Chart stats
21 Oct 2026- From 52W high
- -44.4%
- 52W range position
- 15%
- ATR (14)
- 3.4%
- Volume vs 20D
- 0.79x
- Avg traded value
- ₹3.6 Cr
- 20D price channel
- ₹381.4 - ₹467.4
₹697
₹331.7 - ₹697
₹13.3
Latest completed session
20-session average
29.2% 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 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 VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +71.0% · PAT -20.9% YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model+30.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence74
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 · 0/100PAT -21% YoY · margin compression · Rev +71% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹306 Cr | +71.0% | +2.7% |
| EBITDA | ₹71 Cr | +51.1% | +24.6% |
| Operating margin | 23.0% | -300 bps | +400 bps |
| PAT | ₹125 Cr | -20.9% | -23.8% |
| PAT margin | 40.9% | -4742 bps | -1418 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.40
- P/B
- 1.48
- EV/EBITDA
- 37.47
- Market Cap
- 8944.00Cr
Profitability
- ROE
- 8.23%
- ROCE
- 3.38%
- ROA
- 7.37%
- Dividend Y
- 2.77%
Growth (CAGR)
- Revenue 5Y
- 77.00%
- EPS 5Y
- 45.00%
- Revenue 3Y
- 124.00%
- EPS 3Y
- 26.00%
Balance Sheet
- Debt/Equity
- 0.04
- Interest Coverage
- 8.44×
- Altman Z
- 7.83
- Book Value
- 272.00
Cash Flow
- FCF Yield
- 1.35%
- FCF Positive Y
- 8/5
- OCF
- 266.00 Cr
- EPS TTM
- 21.91
Shareholding
- Promoter Hold
- 54.99%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 19%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 306+2.7% vs prev
Net Profit
₹ CrLatest: 125-23.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
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 34.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 34 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 44% off 52W high · 17% 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
22
RS percentile
Stage 1 Base / Transition
1M return
-15.8%
3M return
-17.3%
6M return
-5.6%
1Y return
-43.3%
RS 1D
+2
RS 20D
-50
Sector rank
#10
Industry rank
#38
Stage evidence
- Price is within 6.5% of the 30-week proxy.
- The 30-week proxy changed +1.1% 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
weakening
Relative-strength line vs Nifty 500 (base 100)
250 observations
21 Oct 2026Value 64.78-1.60%
RS vs Nifty 50065
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation10/30
Growth20/25
Quality0/20
Balance Sheet11/15
Cash Flow7/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 30.6%.
- Growth contributes 20/25 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 10/30; verify the latest quarterly trend.
- Cash flow is weaker at 7/10; 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
18.4
PB
1.5
EV/EBITDA
37.5
ROE
8.2%
ROCE
3.4%
FCF Yield
1.4%
Debt/Equity
0.0
MoS
+30.6%
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
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+30.6%
Previous: +28.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
52
52
52
52
54
54
54
54
54
54
54
54
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
₹366.18
-5.9% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹558.71
+30.6% MoS
PEG
0.49
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
MAHSCOOTER
Micro
Maharashtra Scooters Limited
Holding Company
match 84
48
50.4
1.1%
-98%
FAIR VALUE
BENGALASM
Small
Bengal & Assam Company Limited
Holding Company
match 81
58
8.7
8.1%
+71%
FAIR VALUE
KAMAHOLD
Small
Kama Holdings Limited
Holding Company
match 80
75
6.3
12.6%
+78%
DEEP VALUE
JSWHL
Small
JSW Holdings Limited
Holding Company
match 78
36
90.5
0.5%
-257%
WATCHLIST
NSIL
Small
Nalwa Sons Investments Limited
Holding Company
match 75
34
48.3
0.3%
-299%
WATCHLIST
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
TSF INVESTMENTS LIMITED operates in Holding, 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
74Limited 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 75th percentile of the scored universe and 85th percentile within Financial Services. Main check: financial discipline is weak at 56/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
75th percentile
overall median 67 · Financial Services: 85th pctile, median 62 · Micro: 56th pctile, median 73
Evidence depth
Financial-only
0 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
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
56
watch · capital discipline
Results
57
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.4%.
- ▸8 years of positive FCF.
- ▸Debt/equity is 0.04.
Trust risks
- ▸ROCE is low at 3.4%.
- ▸OPM spread across recent quarters is 57%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching TSF INVESTMENTS LIMITED
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.