Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep
Source: Bse
Ugro Capital Limited (UGROCAP)
Small CapFinancial Services stocks · Small cap · NSE
Ugro Capital Limited operates in MSME Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹78.13
-0.80 · -1.01%
Market cap ₹1,272 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result04 Aug, 09:00 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage11/14 · 79%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
32Bearishfull bear SMA stack · SMA20 -4.5% / mo · MACD + · near 52W low
Stock trend: 24
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
UGROCAPD candles · FIT view-27.3%Latest close ₹78.13 on 2026-10-21
Bar
-0.5%
RSI
39
MACD hist
0.04
52W pos
0%
2026-10-21O ₹78.50H ₹79.60L ₹77.90C ₹78.13Vol 1.4L 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
UGROCAPNifty Financial ServicesNifty 500
- UGROCAP
- -19.1%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- -12.6 pp
Chart stats
21 Oct 2026- From 52W high
- -58.9%
- 52W range position
- 0%
- ATR (14)
- 4.0%
- Volume vs 20D
- 0.59x
- Avg traded value
- ₹1.9 Cr
- 20D price channel
- ₹77.9 - ₹87.7
₹189.9
₹77.9 - ₹189.9
₹3.1
Latest completed session
20-session average
35.3% 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 mixed.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED24
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Bearish32
Price trend and sector-relative-strength timing.
Valuation
Legacy model-71.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence47
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
Pending dataYoY comparison unavailable - result verdict pending data
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹497 Cr | NDF | -18.1% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹68 Cr | NDF | +33.3% |
| PAT margin | 13.7% | NDF | +528 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.27
- P/B
- 0.44
- EV/EBITDA
- 172.20
- Market Cap
- 1272.00Cr
Profitability
- ROE
- 6.02%
- ROCE
- —
- ROA
- 1.24%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -9.00%
- EPS 5Y
- -9.00%
- Revenue 3Y
- -33.00%
- EPS 3Y
- -33.00%
Balance Sheet
- Debt/Equity
- 3.71
- Interest Coverage
- —
- Altman Z
- 0.42
- Book Value
- 187.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 214.00 Cr
- EPS TTM
- 11.26
Shareholding
- Promoter Hold
- 2.88%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 3%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 497-18.1% vs prev
Net Profit
₹ CrLatest: 68.0+33.3% 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 39.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.7% over last month) — short-term momentum negative.
- RSI(14) at 39 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
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
7
RS percentile
Stage 4 Downtrend
1M return
-5.1%
3M return
-19.1%
6M return
-27.6%
1Y return
-56.3%
RS 1D
+1
RS 20D
0
Sector rank
#10
Industry rank
#42
Stage evidence
- Price is 16.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -3.0%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 49.21-0.08%
RS vs Nifty 50049
Valuation & peers
U-Score 24 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 24 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · OVERVALUEDValuation22/30
Growth0/25
Quality0/20
Balance Sheet0/15
Cash Flow1/10
Piotroski
2/9 (+0)
Penalties
1
Raw sum
24
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
24/100 · legacy band OVERVALUED
Positive drivers
- Valuation contributes 22/30 to the score.
- Cash flow contributes 1/10 to the score.
- Growth contributes 0/25 to the score.
Main drags
- Altman Z is 0.4, in distress territory.
- Fair-value margin of safety is negative at -71.8%.
- Growth is weaker at 0/25; 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
7.3
PB
0.4
EV/EBITDA
172.2
ROE
6.0%
ROCE
—
FCF Yield
—
Debt/Equity
3.7
MoS
-71.8%
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
24
Previous: 24
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-71.8%
Previous: -73.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
24
24
24
24
24
24
22
24
24
24
24
24
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
₹217.66
+64.1% MoS
Growth-justified P/E
4.0
Growth-justified Value
₹45.49
-71.8% 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
MASFIN
Small
MAS Financial Services Limited
NBFC / Capital Markets / Insurance
match 141
41
12.2
13.4%
+52%
WATCHLIST
SBFC
Large
SBFC Finance Limited
NBFC / Capital Markets / Insurance
match 136
19
28.8
11.6%
-3%
OVERVALUED
VLSFINANCE
Small
VLS Finance Limited
NBFC / Capital Markets / Insurance
match 127
30
15.6
0.9%
-1130%
OVERVALUED
SPANDANA
Small
Spandana Sphoorty Financial Limited
NBFC / Capital Markets / Insurance
match 126
13
—
-29.4%
—
OVERVALUED
MANBA
Small
Manba Finance Limited
NBFC / Capital Markets / Insurance
match 126
41
14.2
11.6%
+42%
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
Ugro Capital Limited operates in MSME Finance, 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
47Limited 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 4th percentile of the scored universe and 6th 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
123 docs text-extracted · 33 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
4th percentile
overall median 67 · Financial Services: 6th pctile, median 62 · Small: 5th pctile, median 66
Evidence depth
Financial-only
123 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
66
acceptable · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
22
weak · leverage and solvency
Discipline
52
watch · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
Trust risks
- ▸Debt/equity is 3.71.
- ▸Altman Z is 0.42.
- ▸Promoter holding is only 2.9%.
- ▸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 Ugro Capital 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 19 Aug - Publication for convening separate meetings of equity shareholders, secured creditors and unsecured creditors of the Company in connection with ....
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Scheme of Arrangement 7 Aug - NCLT ordered meetings for UGRO Capital-Profectus amalgamation within 90 days via VC/OAVM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Scheme of Arrangement 10 Jul - NSE and BSE issued observation letters for Profectus Capital amalgamation scheme; NCLT and shareholder approvals pending.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.