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Shalibhadra Finance Ltd (511754)

📊 BSE: 511754 🏢 Non Banking Financial Company (NBFC) 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Shalibhadra Finance's net interest income was ₹9.1 Cr (+7.7% year on year, -1.6% on the previous quarter), and net profit ₹4.9 Cr (+7.4% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹9.1	+7.7%	-1.6%
Operating profit	₹6.4	—	—
Net profit	₹4.9	+7.4%	-4.3%
EPS (₹)	1.59	+7.4%	-4.2%

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Shalibhadra Finance Approves ₹24 Cr NCD Issuance via Private Placement

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 13 Oct 2026, 07:07 PM

Shalibhadra Finance's Board of Directors has approved the issuance of senior, secured, rated, listed, redeemable, transferable Non-Convertible Debentures (NCDs) aggregating up to ₹24 crore on a private placement basis. The ₹24 crore debt fundraise is sizable, representing approximately 56% of its TTM revenue (₹43 crore) and nearly 10% of its market capitalization (₹244 crore). The debentures are proposed to be listed on BSE Limited. Key commercial terms including coupon rate, tenure, and allotment dates will be decided in subsequent transaction documents.

Approved issuance of NCDs of aggregate nominal value up to ₹24,00,00,000 (₹24 crore)
Proposed issuance will be on a private placement basis and listed on BSE Limited
NCDs will be senior, secured, rated, redeemable, and transferable
Issue represents ~56% of TTM revenue (₹43 crore) and ~14% of net worth (₹172 crore)

💡 Track disclosures regarding the finalized coupon rate, tenure, and credit rating of the NCDs to assess borrowing costs and balance-sheet leverage impact.

Shalibhadra Finance Board to Meet on Sept 2, 2026 to Consider Dividend

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 29 Aug 2026, 03:46 PM

Shalibhadra Finance Ltd has informed stock exchanges that a meeting of its Board of Directors will take place on September 2, 2026, inter-alia to consider and recommend a dividend on equity shares. The trading window for designated persons is closed from August 29, 2026, to September 4, 2026. The company reported a net profit of Rs 19.48 crore for FY26 and Rs 4.91 crore in Q1 FY27 (Jun 2026).

Board meeting scheduled on Wednesday, September 2, 2026
Agenda to consider and recommend dividend on equity shares, if any
Trading window closed from August 29, 2026 to September 4, 2026

💡 Track the outcome of the Board meeting on September 2, 2026, for the announced dividend quantum, payout ratio, and record date.

Shalibhadra Finance Opens Branch in Jamnagar; Network Expands to 62 Branches

🟢 POSITIVE ⭐ 3/10

EXPANSION 📅 26 Aug 2026, 06:20 PM

Shalibhadra Finance Limited has expanded its retail presence with the opening of a new branch in Jamnagar, Gujarat. This addition increases the company's total footprint to 62 branches across four states, with Gujarat accounting for 30 branches. The company currently manages an AUM of ₹220+ crore with over 1 lakh active customers, focusing on small-ticket asset-backed rural and semi-urban retail financing.

Opened a new branch in Jamnagar, Gujarat, taking the state total to 30 branches
Total branch network expanded to 62 locations across India
Geographic footprint comprises 30 branches in Gujarat, 21 in Maharashtra, 10 in Madhya Pradesh, and 1 in Rajasthan
Company reports Assets Under Management (AUM) of ₹220+ crores with over 1 lakh active customers

💡 Track AUM growth and loan disbursement metrics in upcoming quarterly results to gauge branch productivity and expansion efficiency.

ICRA Assigns & Reaffirms [ICRA]BBB- (Stable) For Rs 80 Cr Debt Instruments

🟡 NEUTRAL ⭐ 5/10

REGULATORY 📅 17 Aug 2026, 07:51 PM

ICRA Limited has assigned and reaffirmed its credit rating of [ICRA]BBB- with a Stable outlook for Shalibhadra Finance's debt facilities totaling Rs 80.00 crore. The rating covers Rs 40.00 crore of Non-Convertible Debentures (Rs 20.00 crore newly assigned and Rs 20.00 crore reaffirmed) and Rs 40.00 crore of long-term bank facilities (reaffirmed). The rated debt profile includes Rs 14.50 crore tied to specific banks (SBI, BoB, Bank of Maharashtra, ICICI Bank) alongside Rs 25.50 crore of unallocated bank limits.

Total debt rated by ICRA stands at Rs 80.00 crore with a [ICRA]BBB- (Stable) rating
Assigned fresh rating on Rs 20.00 crore NCDs and reaffirmed rating on existing Rs 20.00 crore NCDs
Reaffirmed rating on Rs 40.00 crore long-term fund-based bank lines across 4 lenders and unallocated limits
Total rated borrowing facilities of Rs 80.00 crore represent ~186% of TTM revenue (Rs 43 crore) and ~46.5% of net worth (Rs 172 crore)

💡 Track the placement and borrowing costs of the unplaced Rs 20.50 crore NCDs, alongside upcoming quarterly disbursement trends and asset quality metrics.

₹4.91 Cr Q1 PAT for Shalibhadra Finance; Revenue up 17% YoY but Finance Costs Double

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 08:49 PM

Shalibhadra Finance reported a 17.1% YoY increase in total revenue to ₹11.09 Cr for the quarter ended June 30, 2026. However, net profit growth was restricted to 7.4% YoY, reaching ₹4.91 Cr, primarily due to a sharp 98% surge in finance costs which rose to ₹1.96 Cr. Sequentially, the performance was slightly weaker, with net profit declining 4.3% from ₹5.13 Cr in the March 2026 quarter. The bottom line was supported by a ₹0.56 Cr gain in other comprehensive income from fair value changes of equity instruments.

Total Revenue from operations increased 17.1% YoY to ₹11.09 Cr from ₹9.47 Cr.
Net Profit grew 7.4% YoY to ₹4.91 Cr, though it declined 4.3% on a sequential (QoQ) basis.
Finance costs nearly doubled YoY, rising from ₹0.99 Cr to ₹1.96 Cr, indicating higher borrowing costs.
Earnings Per Share (EPS) stood at ₹1.59 for the quarter, up from ₹1.48 in the same period last year.
Total Comprehensive Income reached ₹5.47 Cr, aided by a ₹56 lakh gain on fair value of equity instruments.

💡 Investors should monitor the company's interest rate spreads, as the 98% jump in finance costs is significantly outpacing revenue growth. The next key data point will be the half-yearly balance sheet to assess loan book growth and asset quality (NPAs).

Shalibhadra Finance Q1 FY27 Net Profit up 7.4% YoY to ₹4.91 Cr; Revenue grows 17%

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 08:41 PM

Shalibhadra Finance reported a steady Q1 FY27 with revenue from operations growing 17.1% YoY to ₹11.09 crore. Net profit increased by 7.4% YoY to ₹4.91 crore, while operating margins remained robust at 75.47%. The company successfully deployed ₹19.50 crore raised through NCDs in April 2026 into its retail finance operations. While YoY performance is positive, EPS saw a slight sequential decline to ₹1.59 from ₹1.66 in the preceding quarter.

Revenue from operations increased 17.1% YoY to ₹11.09 crore from ₹9.47 crore.
Net profit for the quarter stood at ₹4.91 crore, representing a 7.4% growth over the previous year's ₹4.57 crore.
Operating margin improved to 75.47% compared to 73.07% in the same quarter last year.
Debt-Equity ratio increased to 0.34 from 0.22 YoY, following a ₹19.50 crore NCD issuance.
Finance costs nearly doubled YoY to ₹1.96 crore from ₹0.99 crore due to increased leverage.

💡 Monitor the yield on the retail finance book to ensure it offsets the rising finance costs, and track the asset quality as the company expands its loan book using the newly raised NCD capital.

Aug 12 Board Meeting: Shalibhadra Finance to approve Q1 FY27 results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 03 Aug 2026, 05:55 PM

Shalibhadra Finance has scheduled its board meeting for August 12, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company enters this quarter following a steady FY26 where it recorded a total revenue of Rs 41.0 Cr and a PAT of Rs 19.0 Cr. Investors will be monitoring if the company can maintain its high net profit margins, which stood at approximately 46% for the TTM period. The trading window for insiders remains closed until August 14, 2026.

Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
Trading window closed from July 1, 2026, until 48 hours after the results announcement.
Company reported a TTM PAT of Rs 19 Cr against a TTM revenue of Rs 41 Cr.
Promoter holding has increased from 56.24% in September 2025 to 58.1% in June 2026.
Market capitalization stands at Rs 245 Cr with a P/E ratio of 12.6.

💡 Monitor the financial results on August 12, 2026, to assess if the company maintains its quarterly revenue run-rate, which was Rs 10.98 Cr in the previous quarter (March 2026).

Shalibhadra Finance Appoints Megha Singh as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Jul 2026, 08:21 PM

Shalibhadra Finance Ltd has appointed Mrs. Megha Singh as the Company Secretary and Compliance Officer, effective July 9, 2026. This appointment is a regulatory requirement under Regulation 6 of SEBI (LODR) Regulations, 2015. Mrs. Singh is a qualified professional with ICSI membership (ACS46779) and prior experience in the compliance field. This is a routine administrative update to ensure the company meets its statutory governance obligations.

Appointment of Mrs. Megha Singh effective from July 9, 2026
Compliance with SEBI (LODR) Regulation 6 regarding mandatory officers
Appointee holds ICSI Membership No. ACS46779
The appointment was formally taken on record by the board on July 9, 2026

💡 No action is required as this is a routine administrative filing. Investors should note the continuity in the company's compliance and secretarial functions.

Shalibhadra Finance Appoints Mrs. Megha Singh as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Jul 2026, 08:19 PM

Shalibhadra Finance Ltd has appointed Mrs. Megha Singh as the Company Secretary and Compliance Officer, effective July 9, 2026. The appointment was finalized during a board meeting held on the same day, which lasted for 60 minutes. This is a mandatory regulatory appointment for listed companies to ensure adherence to SEBI (LODR) Regulations. The company has indicated that detailed disclosures regarding the appointee's profile will be filed separately.

Appointment of Mrs. Megha Singh as Company Secretary and Compliance Officer effective July 9, 2026
Board meeting conducted on July 9, 2026, from 7:00 PM to 8:00 PM
The appointment fulfills the requirement for a Key Managerial Personnel (KMP) under the Companies Act
Further details under Regulation 30 to be filed separately with the stock exchanges

💡 This is a routine administrative update. Investors should monitor the subsequent filing for the appointee's professional background and experience to assess the strength of the compliance team.

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