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Purple Finance Ltd (544191)

📊 BSE: 544191 🏢 Non Banking Financial Company (NBFC) 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 13 Nov 2025

Q2 FY27 results

📅 Next results: 22 Oct 2026 (board meeting)

Purple Finance Ltd's board meets on 22 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Purple Finance's net interest income was ₹5.5 Cr (+50.2% year on year, -58.9% on the previous quarter), and net profit ₹0.4 Cr (against a loss a year earlier).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹5.5	+50.2%	-58.9%
Operating profit	₹0.4	—	—
Net profit	₹0.4	from loss	—
EPS (₹)	0.07	from loss	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Purple Finance Reports ₹78.32 Cr Outstanding Listed NCDs as of September 30, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Oct 2026, 03:02 PM

Purple Finance Limited submitted its half-yearly ISIN statement for listed Non-Convertible Debentures (NCDs) for the period ended September 30, 2026, pursuant to SEBI regulations. The company has six active listed NCD issuances totaling an original issued value of ₹90 Crores, with an aggregate outstanding principal of ₹78.32 Crores. The borrowing coupons range between 11.90% and 12.50% with monthly interest payout schedules. Against a net worth of ₹132 Cr and TTM revenue of ₹58 Cr, these debt instruments represent significant borrowing carrying relatively high funding costs.

Total outstanding listed NCD principal stands at ₹78.32 Crores across 6 ISINs against ₹90 Crores originally issued
Coupon rates on the listed plain vanilla debt securities range from 11.90% to 12.50% per annum
All listed NCD series feature monthly interest payment frequencies with maturities spanning 2028 to 2031
Largest single outstanding instrument is INE0CYK07038 with ₹20 Crores outstanding maturing on December 5, 2028

💡 Track the company's upcoming Q2 FY27 earnings to monitor net interest margins and asset quality, given the relatively high cost of debt capital (~11.90%–12.50%).

Purple Finance Raises ₹15 Cr via 11.90% Secured Non-Convertible Debentures

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 28 Sep 2026, 05:20 PM

Purple Finance Limited has allotted 15,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) aggregating to ₹15 crore on a private placement basis. The issue size represents ~25.9% of its TTM revenue (₹58 crore) and ~11.4% of its net worth (₹132 crore). The NCDs carry a coupon of 11.90% per annum payable monthly, with a tenure of 30 months and 8 days maturing on April 5, 2029. Allottees include Ambium Finserve Limited (₹10 crore) and Fourdegreewater Capital Private Limited (₹5 crore).

Allotted 15,000 secured NCDs of face value ₹10,000 each aggregating to ₹15,00,00,000
Coupon fixed at 11.90% per annum, payable monthly
Tenure set at 30 months and 8 days, maturing on April 05, 2029
Allotted to Ambium Finserve (₹10 crore) and Fourdegreewater Capital (₹5 crore)
Principal repayable in 5 installments plus a final maturity settlement

💡 Track how efficiently the borrowed capital is deployed into MSME loan disbursement and monitor the company's net interest margin against the relatively high 11.90% cost of debt.

Purple Finance Allots Shares Worth ₹72 Cr via Swap; Saksham Gram Credit Becomes WOS

🟢 POSITIVE ⭐ 9/10

M&A 📅 23 Sep 2026, 07:00 PM

Purple Finance has approved the allotment of 99,99,952 equity shares at an issue price of Rs. 72 per share (including a premium of Rs. 62) to the shareholders of Saksham Gram Credit Private Limited via a share swap arrangement. The total transaction value is approximately Rs. 72 crore, representing ~19% of Purple Finance's Rs. 376 crore market cap. Following this swap, Saksham Gram Credit becomes a wholly owned subsidiary of Purple Finance, and the company's paid-up equity share capital increases from Rs. 67.14 crore to Rs. 77.14 crore. Additionally, the board approved acquiring an NPA portfolio for up to Rs. 15.50 crore under RBI guidelines.

Allotment of 99,99,952 equity shares at Rs. 72 per share (face value Rs. 10, premium Rs. 62)
Total issuance value of ~Rs. 72 crore for consideration other than cash via share swap
Saksham Gram Credit Private Limited becomes a wholly owned subsidiary
Paid-up equity share capital increased from Rs. 67,13,79,620 to Rs. 77,13,79,140
Board also approved acquisition of an NPA portfolio for up to Rs. 15.50 crore

💡 Track the listing and trading approval of the 99.99 lakh new shares on BSE, and assess subsequent quarterly consolidated financials to evaluate the asset quality and earnings contribution from Saksham.

Purple Finance Allots Shares Worth ₹72 Cr via Swap; Saksham Gram Credit Becomes WOS

🟢 POSITIVE ⭐ 9/10

M&A 📅 23 Sep 2026, 06:54 PM

Allotment of 99,99,952 equity shares at Rs. 72 per share (face value Rs. 10, premium Rs. 62)
Total issuance value of ~Rs. 72 crore for consideration other than cash via share swap
Saksham Gram Credit Private Limited becomes a wholly owned subsidiary
Paid-up equity share capital increased from Rs. 67,13,79,620 to Rs. 77,13,79,140
Board also approved acquisition of an NPA portfolio for up to Rs. 15.50 crore

Purple Finance Approves ₹15 Cr NCD Issue and Loan Portfolio Sale of Up to ₹32 Cr

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 22 Sep 2026, 03:08 PM

Purple Finance's Finance Committee approved a private placement of senior, secured NCDs of up to ₹15 crore at an 11.90% annual coupon payable monthly. In addition, the committee approved the sale of loan portfolios via Direct Assignment aggregating up to ₹32 crore (a new pool of up to ₹20 crore plus an upward revision of an earlier pool from ₹8.74 crore to ₹12 crore). The transactions carry a 90:10 participation ratio, with the company continuing as servicer. Together, these liquidity measures represent significant funding support relative to its FY26 revenue of ₹47.83 crore.

Approved issuance of up to 15,000 NCDs of ₹10,000 face value aggregating up to ₹15,00,00,000 (₹15 crore)
NCD coupon set at 11.90% p.a. payable monthly, with a tenure of 30 months and 8 days
Direct assignment sale of loan portfolio aggregating up to INR 20 crores
Revised previously approved portfolio sale from INR 8.74 crores to INR 12 crores
Direct Assignment structure set at 90:10 participation ratio with Purple Finance retaining servicing rights

💡 Track the completion and liquidity realization from the direct assignment transactions and monitor the resulting net interest margins given the 11.90% borrowing cost.

Purple Finance Pays Monthly Interest of ₹10.62 Lakh on ₹10 Cr NCDs

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 05:44 PM

Purple Finance Limited has certified the timely monthly interest payment on its rated, listed Non-Convertible Debentures (NCDs) under SEBI Regulation 57(1). The company paid ₹5.31 lakh each across two separate ISINs (INE0CYK08069 and INE0CYK08077), each having an issue size of ₹5.00 crore. The payments were executed on the due date of August 31, 2026, following the record date of August 16, 2026.

Monthly interest payment of ₹5.31 lakh made for ISIN INE0CYK08069 (Issue size: ₹5.00 crore)
Monthly interest payment of ₹5.31 lakh made for ISIN INE0CYK08077 (Issue size: ₹5.00 crore)
Payment successfully executed on the scheduled due date of August 31, 2026
Record date for both series of NCD interest payments was August 16, 2026

💡 Track ongoing quarterly financial performance and liquidity management to ensure continued debt servicing capability across its borrowing portfolio.

Clarifies Rs 100.8 Cr Preferential Issue to Acquire 100% of Saksham Gram Credit

🟢 POSITIVE ⭐ 9/10

M&A 📅 25 Aug 2026, 09:10 PM

Purple Finance Limited has issued a corrigendum to its EGM notice regarding a preferential allotment of 1,39,99,952 equity shares at ₹72 per share, aggregating to ₹100.80 crore. The issuance comprises 99,99,952 shares (valued at ₹72.00 crore) via share swap to acquire 100% equity (1,81,33,588 shares) of Saksham Gram Credit Private Limited, and 40,00,000 shares (valued at ₹28.80 crore) for cash to Mrs. Manisha Agarwal to fund cash consideration for the buyout. The relevant date for floor price calculation has been updated to July 31, 2026, ahead of the shareholder e-voting scheduled for August 27-30, 2026.

Preferential allotment of 99,99,952 shares (₹72.00 cr) via swap to acquire 100% of Saksham Gram Credit Private Limited
Cash preferential allotment of 40,00,000 shares (₹28.80 cr) at ₹72 per share to Mrs. Manisha Agarwal
Total capital issuance of ₹100.80 crore represents ~26.2% of Purple Finance's market capitalization (₹385 cr)
ICDR pricing relevant date formally corrected to Friday, July 31, 2026 (substituted for August 01, 2026)

💡 Track the outcome of shareholder e-voting concluding on August 30, 2026, followed by regulatory and exchange in-principle approvals for the acquisition and share allotment.

₹5.38 Cr loan portfolio sale via Direct Assignment approved

🟢 POSITIVE ⭐ 5/10

ROUTINE 📅 12 Aug 2026, 12:51 PM

Purple Finance has approved the sale of a portion of its loan portfolio totaling up to ₹5.38 crore through the Direct Assignment (DA) route. The transaction involves a 90:10 participation ratio, where the company retains a 10% interest and continues to act as the loan servicer. This move represents approximately 11.2% of the company's TTM revenue and is intended to be income accretive while freeing up capital for further lending. The transaction validates the company's ability to originate quality MSME loans that meet the standards of external assignees.

Sale of loan portfolio aggregating up to ₹5.38 crore under Direct Assignment route
Participation ratio set at 90:10 between assignees and Purple Finance Limited
Transaction value represents ~11.2% of the TTM revenue of ₹48 crore
Company to retain 10% of the portfolio and continue as the servicer for all assigned loans
Transaction conducted under RBI Master Direction for Transfer and Distribution of Credit Risk, 2025

💡 Watch for the impact on non-interest income in the next quarterly results and monitor if the company can maintain its AUM growth while utilizing this asset-light capital recycling strategy.

Purple Finance to acquire Saksham Gram Credit via ₹100.8 Cr preferential issue

🟢 POSITIVE ⭐ 9/10

M&A 📅 07 Aug 2026, 06:12 PM

Purple Finance has issued a notice for an EGM on August 31, 2026, to approve a major acquisition and fundraise. The company plans to acquire Saksham Gram Credit Private Limited through a share swap valued at ₹71.99 crore and raise an additional ₹28.8 crore in cash from an individual investor. The total preferential issue of ~₹100.8 crore represents approximately 25% of the company's current market capitalization and is significantly larger than its TTM revenue of ₹48 crore.

Preferential allotment of 1,39,99,952 equity shares at a price of ₹72 per share
Acquisition of Saksham Gram Credit via share swap of 99,99,952 shares valued at ₹71.99 crore
Fresh cash infusion of ₹28.8 crore from Mrs. Manisha Agarwal for 40,00,000 shares
Proposed increase in investment limits under Section 186 to ₹200 crore, exceeding 150% of current net worth
Authorized share capital to be increased from ₹82.60 crore to ₹97.60 crore

💡 Investors should monitor the EGM voting results on August 31 and subsequent regulatory approvals for the Saksham acquisition. The key metric to watch will be the impact of this acquisition on the company's path to profitability, as it is currently loss-making (TTM PAT of -₹6 Cr).

Purple Finance Clarifies Partial NCD Redemptions via Face Value Reduction

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 02:40 PM

Purple Finance has clarified that its upcoming NCD redemptions are partial repayments via face value reduction, not early full redemptions. For ISIN INE0CYK07020, a payment of ₹1,666 per NCD will be made on August 26, 2026, reducing the face value from ₹10,000 to ₹8,333. A similar partial redemption of ₹1,666 will occur for ISIN INE0CYK07012 by September 12, 2026. These payments are part of a scheduled amortization plan with final maturities extending to 2028.

Partial redemption of ₹1,666 per NCD for ISIN INE0CYK07020 scheduled for August 26, 2026
Face value for Scrip 977748 to be reduced from ₹10,000 to ₹8,333 post-redemption
Second partial redemption of ₹1,666 for ISIN INE0CYK07012 with a record date of August 28, 2026
Final maturity dates for the involved NCDs remain unchanged at January 12, 2028, and April 26, 2028
Total number of NCDs remains unchanged as the redemption is via face value reduction

💡 Investors should monitor the company's liquidity and cash flow to ensure continued timely servicing of these amortizing debt instruments, particularly as the company is currently loss-making.

Rs 99 Cr Acquisition of Saksham Gram and Rs 101 Cr Fundraise by Purple Finance

🟢 POSITIVE ⭐ 10/10

M&A 📅 06 Aug 2026, 10:04 PM

Purple Finance has announced the acquisition of Saksham Gram Credit Private Limited for Rs 99 Crore to expand its rural and semi-urban footprint. To support this and future growth, the board approved a preferential allotment of 1.4 crore shares at Rs 72 each, totaling Rs 101 Crore. This acquisition will quadruple the company's branch network from 50 to nearly 200 across 12 states. The move is a strategic step toward the company's long-term goal of transitioning into a Small Finance Bank.

Acquisition of Saksham Gram Credit for a deal value of Rs 99 Crore, representing ~75% of Purple Finance's current net worth.
Preferential allotment of 1.4 crore equity shares at Rs 72 per share to raise approximately Rs 101 Crore.
Branch network to expand from 50+ to nearly 200 branches across 12 states post-acquisition.
Saksham Gram brings a workforce of 900 employees and a network of 147 branches across 10 states.
The fundraise of Rs 101 Crore is significant, representing ~24.6% of the current market capitalization of Rs 411 Crore.

💡 Investors should monitor the timeline for regulatory approvals for the acquisition and the preferential allotment. Key metrics to watch post-integration include the impact on Net Interest Margins (NIM) and the management of the newly acquired microfinance portfolio.

Rs 99 Cr Acquisition: Purple Finance to Buy Saksham Gram Credit and Raise Rs 28.8 Cr

🟢 POSITIVE ⭐ 10/10

M&A 📅 06 Aug 2026, 09:46 PM

Purple Finance has signed definitive agreements to acquire 100% of Saksham Gram Credit Private Limited for Rs 99 crore, a massive expansion relative to its TTM revenue of Rs 48 crore. The deal is structured as Rs 27 crore in cash and a share swap of ~1 crore shares valued at Rs 72 each. Simultaneously, the company is raising Rs 28.8 crore in cash through a preferential issue to an individual investor. This move significantly scales the NBFC's footprint as it targets the unbanked MSME sector.

Acquisition of 100% equity in Saksham Gram Credit for a total consideration of Rs 99 crore
Issuance of 99,99,952 equity shares via swap at Rs 72 per share (approx. Rs 72 crore value)
Preferential cash issue of 40,00,000 shares to Mrs. Manisha Agarwal to raise Rs 28.80 crore
Increase in Authorized Share Capital from Rs 82.60 crore to Rs 97.60 crore
Acquisition value represents approximately 206% of the company's TTM revenue of Rs 48 crore

💡 Investors should monitor the timeline for shareholder approval at the upcoming EGM and the subsequent integration of Saksham's loan book into Purple Finance's operations.

Rs 99 Cr Acquisition: Purple Finance to Acquire 100% of Saksham Gram Credit

🟢 POSITIVE ⭐ 10/10

M&A 📅 06 Aug 2026, 09:42 PM

Purple Finance has entered into binding agreements to acquire 100% of Saksham Gram Credit Private Limited for a total consideration of Rs 99 crore. The deal is structured as a mix of Rs 27 crore in cash and a share swap of approximately 1 crore shares valued at Rs 72 each. Additionally, the company is raising Rs 28.80 crore via a preferential issue to an individual investor. This acquisition is highly material, representing approximately 206% of the company's TTM revenue of Rs 48 crore.

Acquisition of 100% equity in Saksham Gram Credit for a total value of Rs 99 crore
Issuance of 99,99,952 equity shares via share swap at a price of Rs 72 per share
Cash payment of Rs 27.00 crore to be paid to the sellers of Saksham
Preferential cash issue of 40,00,000 shares to Mrs. Manisha Agarwal to raise Rs 28.80 crore
Authorized share capital increased from Rs 82.60 crore to Rs 97.60 crore to accommodate the issues

💡 Investors should monitor the upcoming Extra-Ordinary General Meeting (EGM) for shareholder approval and watch for the integration timeline of Saksham's portfolio into Purple Finance's MSME-focused operations.

Rs 99 Cr Acquisition of Saksham Gram Credit and Rs 28.8 Cr Preferential Issue

🟢 POSITIVE ⭐ 9/10

M&A 📅 06 Aug 2026, 09:34 PM

Purple Finance has approved the 100% acquisition of Saksham Gram Credit Private Limited for a total consideration of Rs 99 crore. The deal is structured as a cash payment of Rs 27 crore and a share swap of 99.99 lakh shares at Rs 72 each. Concurrently, the company is raising Rs 28.8 crore through a preferential issue of 40 lakh shares to Mrs. Manisha Agarwal at the same price. This acquisition is highly material, representing approximately 206% of the company's TTM revenue of Rs 48 crore.

100% acquisition of Saksham Gram Credit for a total consideration of Rs 99 crore
Preferential issue of 40,00,000 shares to Mrs. Manisha Agarwal at Rs 72 per share, raising Rs 28.8 crore
Share swap involving the issuance of 99,99,952 shares at Rs 72 each to Saksham's shareholders
Authorized share capital increased from Rs 82.6 crore to Rs 97.6 crore to accommodate the new issuance
Cash component of the acquisition consideration fixed at Rs 27.00 crore

💡 Monitor the upcoming Extra-Ordinary General Meeting (EGM) for shareholder approval and the subsequent regulatory approvals for the acquisition. Investors should track the integration timeline and the impact of this acquisition on the company's path to profitability, given its current TTM loss of Rs 6 crore.

Rs 99 Cr Acquisition: Purple Finance to Acquire 100% of Saksham Gram Credit

🟢 POSITIVE ⭐ 10/10

M&A 📅 06 Aug 2026, 09:32 PM

Purple Finance has approved the 100% acquisition of Saksham Gram Credit Private Limited for a total consideration of Rs 99 crore. The deal is structured as a mix of Rs 27 crore in cash and a share swap of 99.99 lakh shares valued at Rs 72 each. To fund the cash component and growth, the company is also raising Rs 28.8 crore via a preferential issue to Manisha Agarwal at Rs 72 per share. This acquisition is highly material, representing approximately 206% of the company's TTM revenue of Rs 48 crore.

Acquisition of 100% stake in Saksham Gram Credit for a total value of Rs 99 crore
Issuance of 99,99,952 equity shares via share swap at a price of Rs 72 per share
Preferential cash fundraise of Rs 28.8 crore through the allotment of 40,00,000 shares
Increase in Authorized Share Capital from Rs 82.6 crore to Rs 97.6 crore
Acquisition price per Saksham share fixed at Rs 54.60 for 1,81,33,588 shares

💡 Investors should monitor the upcoming Extra-Ordinary General Meeting (EGM) for shareholder approval and track the integration timeline. Key metrics to watch post-acquisition include the combined AUM growth and whether the acquisition helps the company pivot to profitability from its current TTM loss of Rs 6 crore.

View All 544191 Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Gross income grew by 234% YoY, rising from INR 4.44 Cr in FY24 to INR 14.85 Cr in FY25, primarily driven by a 156% increase in loan disbursements which reached INR 78.66 Cr.

Geographic Revenue Split

The company operates through 32 branches (up from 19) covering over 150 towns, though specific percentage revenue contribution per region is not disclosed.

Profitability Margins

Operating profit margin improved significantly from -275% to -99% YoY, while net profit margin improved from -171% to -105%, indicating narrowing losses as the business scales.

EBITDA Margin

EBIT remains negative as the company is in a growth phase; however, the operating loss as a percentage of total income reduced from -275% to -99% due to better cost absorption.

Capital Expenditure

Infrastructure and talent investments increased staff costs and total expenses from INR 3.78 Cr to INR 6.1 Cr to support the expansion from 19 to 32 branches.

Credit Rating & Borrowing

The Debt-to-Equity ratio increased from 0.46 to 0.93 to fund AUM growth; the company issued Senior, Secured, Rated, Listed NCDs in January 2026 to diversify funding.

⚙️ Operational Drivers

Raw Materials

Capital and debt funding represent 100% of the 'raw material' for lending operations.

Import Sources

Domestic sources including Banks, Mutual Funds, and capital markets via NCDs.

Key Suppliers

Funding is sourced from various Banks, Mutual Funds, and 3 specific co-lending partners.

Capacity Expansion

Branch network expanded 68% from 19 to 32 branches; workforce grew to 335 employees to manage an AUM of INR 103.05 Cr as of March 31, 2025.

Raw Material Costs

Cost of funds is a critical driver; the company is shifting toward NCDs and securitization to manage the 0.93 Debt-Equity leverage.

Manufacturing Efficiency

Utilizes 'straight-through processing' and paperless disbursement to increase productivity and reduce the turnaround time for MSME loan approvals.

Logistics & Distribution

Distribution is handled via a 'high-tech high-touch' model across 32 branches to build customer trust in local sourcing locations.

📈 Strategic Growth

Expected Growth Rate

15%

Growth Strategy

Growth will be achieved by targeting the unbanked MSME market where only 11% of micro-enterprises have credit access. Strategies include a proposed INR 40.33 Cr rights issue (June 2025), expanding the branch footprint beyond 32 locations, and leveraging 3 co-lending partnerships to scale AUM beyond the current INR 110 Cr.

Products & Services

Secured MSME loans, with 80% of the portfolio consisting of loans under INR 10 Lakhs.

Brand Portfolio

Purple Finance

New Products/Services

The company aspires to transition into a Small Finance Bank to offer full-scale banking services to the MSME sector.

Market Expansion

Focusing on small cities where 64% of micro-enterprises are located and credit needs are only 30% met.

Market Share & Ranking

Not disclosed; company is a niche player in the MSME lending segment.

Strategic Alliances

Active co-lending tie-ups with 3 partners to enhance disbursement capabilities.

🌍 External Factors

Industry Trends

The MSME lending industry is evolving toward digital-first models with a matching equity demand of USD 1.7 Bn and an expected IRR of 15%.

Competitive Landscape

Faces intense competition from banks, Fintechs, and large NBFCs entering the attractive MSME lending segment.

Competitive Moat

Sustainable advantage through a 'high-tech high-touch' model, AI-driven risk management, and a leadership team with 130+ years of cumulative experience.

Macro Economic Sensitivity

Highly sensitive to MSME sector health and rural economy resilience; any slowdown in the Indian economy directly impacts the financing business.

Consumer Behavior

Shift toward digital-enabled secured lending among micro-enterprises seeking quick capital for business expansion.

Geopolitical Risks

India's geopolitical importance provides a stable macro environment, though changes in government policies could impact growth.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI regulations including asset classification, capital adequacy, and solvency requirements; transitioned to Ind AS reporting in FY24.

Environmental Compliance

Focus on social impact through ESG; 100% of the portfolio supports women's financial inclusion.

Taxation Policy Impact

The company reported a deferred tax credit of INR 4.97 Cr in FY25 compared to INR 5.64 Cr in FY24.

⚠️ Risk Analysis

Key Uncertainties

Asset Quality Risk (NPAs) and Liquidity Risk (refinancing challenges) are primary uncertainties that could impact profitability if economic growth mutes.