Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Usha Financial Services Ltd. (USHAFIN)
SME CapFinancial Services stocks · SME cap · NSE
Usha Financial Services Ltd. operates in Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹54.6
-2.85 · -4.96%
Market cap ₹200 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 result16 Aug, 01:08 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
68Bullishfull bull SMA stack · SMA20 +7.7% / mo · MACD + · near 52W high
Stock trend: 84
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
USHAFIND candles · FIT view+71.7%Latest close ₹54.60 on 2026-10-21
Bar
-0.1%
RSI
57
MACD hist
0.26
52W pos
84%
2026-10-21O ₹54.65H ₹54.65L ₹54.60C ₹54.60Vol 9,600 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
USHAFINNifty Financial ServicesNifty 500
- USHAFIN
- +51.7%
- Nifty 500
- -6.5%
- Nifty Financial Services
- -6.9%
- Vs Nifty 500
- +58.2 pp
Chart stats
21 Oct 2026- From 52W high
- -8.7%
- 52W range position
- 84%
- ATR (14)
- 5.0%
- Volume vs 20D
- 0.43x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹45.5 - ₹59.8
₹59.8
₹26.8 - ₹59.8
₹2.7
Latest completed session
20-session average
58.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent85
Revenue +16.6% · PAT +50.1% YoY
Technical
Bullish68
Price trend and sector-relative-strength timing.
Valuation
Legacy model+63.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
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 · 85/100Rev +17% YoY · PAT +50% YoY · +15% QoQ · operating leverage
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹20.3 Cr | +16.6% | +14.9% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹8 Cr | +50.1% | +22.6% |
| PAT margin | 39.6% | +885 bps | +248 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 7.96
- P/B
- 0.87
- EV/EBITDA
- 188.00
- Market Cap
- 200.00Cr
Profitability
- ROE
- 10.20%
- ROCE
- 13.50%
- ROA
- 5.81%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 22.00%
- EPS 5Y
- 42.00%
- Revenue 3Y
- 16.00%
- EPS 3Y
- 30.00%
Balance Sheet
- Debt/Equity
- 0.77
- Interest Coverage
- —
- Altman Z
- 1.42
- Book Value
- 52.80
Cash Flow
- FCF Yield
- 3.50%
- FCF Positive Y
- 2/5
- OCF
- 15.00 Cr
- EPS TTM
- 5.80
Shareholding
- Promoter Hold
- 74.97%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 65%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 20.3+14.9% vs prev
Net Profit
₹ CrLatest: 8.0+22.6% 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
Bullish setupTrend is constructive — long-term uptrend intact. RSI 57.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~7.2% over last month) — short-term momentum positive.
- RSI(14) at 57 — falling, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 9% off 52W high · 104% 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.
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
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation25/30
Growth19/25
Quality2/20
Balance Sheet4/15
Cash Flow4/10
Piotroski
5/9 (+3)
Penalties
-3
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
- FCF yield is supportive at 3.5%.
- Fair-value margin of safety is positive at 63.1%.
- Valuation contributes 25/30 to the score.
Main drags
- Altman Z is 1.4, in distress territory.
- Penalty bucket subtracts 3 points.
- Quality is weaker at 2/20; 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
8.0
PB
0.9
EV/EBITDA
188.0
ROE
10.2%
ROCE
13.5%
FCF Yield
3.5%
Debt/Equity
0.8
MoS
+63.1%
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: 52 (+2)
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+63.1%
Previous: +61.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
55
55
55
55
55
55
55
52
52
52
52
52
Factor attribution
Valuation
25+2
was 23
Modelled fair value
Graham Number
₹83.01
+34.2% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹147.9
+63.1% MoS
PEG
0.21
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
MYMUDRA
SME
My Mudra Fincorp Ltd.
NBFC / Capital Markets / Insurance
match 155
64
9.4
20.2%
+63%
UNDERVALUED
SAHLIBHFI
Small
Shalibhadra Finance Limited
NBFC / Capital Markets / Insurance
match 152
51
12.0
11.9%
+54%
FAIR VALUE
RSDFIN
Small
RSD Finance Limited
NBFC / Capital Markets / Insurance
match 150
50
9.9
6.0%
+72%
FAIR VALUE
SONAL
Small
Sonal Mercantile Limited
NBFC / Capital Markets / Insurance
match 150
43
6.5
6.9%
+80%
WATCHLIST
STARTECK
Small
Starteck Finance Limited
NBFC / Capital Markets / Insurance
match 148
20
10.6
9.5%
-153%
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
Usha Financial Services Ltd. operates in 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
70Limited 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 63rd percentile of the scored universe and 75th percentile within Financial Services. Main check: balance sheet trust is weak at 47/100.
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
63rd percentile
overall median 67 · Financial Services: 75th pctile, median 62 · SME: 81st pctile, median 64
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
86
strong · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
47
watch · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.6%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Altman Z is 1.41.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Usha Financial Services Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Copy of Newspaper Publication 13 Aug - Company published AGM notice for FY 2025-26; e-notice and annual report will be sent to members.
Source: Nse
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.