Dar Credit & Capital Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 6 Aug 2026 | Finance | Market Cap: ₹69 Cr
Dar Credit expects to reach a loan book (AUM) of INR 230-235 crores by Q4 FY26 (March 2026). FY27 AUM expected to cross INR 300 crores, up from INR 202 crores currently.
From Dar Credit & Capital Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹46.7
Market Cap
₹69 Cr
P/E Ratio
6.8
How does Dar Credit & Capital Ltd rank in Finance?
Compare Dar Credit & Capital Ltd against every Finance company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
- →Dar Credit expects to reach a loan book (AUM) of INR 230-235 crores by Q4 FY26 (March 2026).
- →Projected AUM for FY27 is over INR 300 crores, indicating strong growth in loan disbursements.
- →Monthly disbursement target is INR 14-15 crores, set internally to achieve overall growth goals.
- →Borrowings expected to increase by around INR 100 crores to approximately INR 250 crores by FY27 to support growth.
- →PAT growth is expected to continue with margins remaining healthy, aiming for INR 18-19 crores PAT in FY27.
- →Focus on expanding secured MSME loans and niche personal loans to municipal employees in Bihar, Jharkhand, and Rajasthan.
- →The company is well-capitalized (CAR ~44%) with ample borrowing headroom to fuel growth without immediate equity raises.
📈 Profitability & Margins
- →FY27 AUM expected to cross INR 300 crores, up from INR 202 crores currently.
- →Disbursement goal: INR 230-235 crores by Q4 FY26 and over INR 300 crores by March 2027.
- →Projected borrowing to increase by around INR 100 crores to about INR 250 crores in FY27.
- →Management expects PAT growth to continue in FY27 with improved margins and profitability.
- →Earnings Per Share (EPS) projected to increase significantly in FY27.
- →Current PAT margins at 20% expected to sustain or improve due to stable cost of funds and disciplined risk management.
- →No equity fundraise planned for FY26; growth to be funded through debt (NCDs, PSU banks, NBFC borrowings).
- →Expansion focused on Bihar, Jharkhand, and Rajasthan for secured and unsecured MSME lending to drive growth.
🏗️ Capital Expenditure Plans
- →No explicit mention of current or planned capital expenditure (capex) or strategic investments in the earnings call.
- →The company is focusing on expanding its loan portfolio, especially in secured MSME loans and personal loans to municipal employees.
- →Expansion plans include growing presence in Bihar, Jharkhand, and Rajasthan through new branches targeting secured and unsecured MSME lending.
- →For funding growth, the company relies on borrowing (current borrowing at INR159 crores with headroom up to INR500 crores) including PSU banks and listed NCDs.
- →No immediate plans for equity fund raising; well-capitalized with a Capital Adequacy Ratio of ~44%.
- →Technological investment includes developing an in-house app-based solution for digital underwriting and operations, currently in trial phase, going live soon.
- →Management prioritizes operational efficiency and digital transformation over new product launches or major capital investments.
💰 Fundraising & Capital Structure
- →No immediate plans for equity fundraising in FY26 as the company is well capitalized with a Capital Adequacy Ratio (CAR) of around 43% and a net worth of INR 100+ crores.
- →The company currently has ample borrowing capacity, with borrowings at approximately INR159 crores and a headroom to borrow up to INR500 crores considering a 5:1 leverage.
- →Fundraising efforts are focused on raising debt primarily through listed Non-Convertible Debentures (NCDs) worth around INR100-125 crores planned over the coming years.
- →Recent NCD issuances of about INR20 crores at coupon rates of 12-12.5% have helped reduce borrowing costs compared to bank loans.
- →The management is also pitching to PSU banks and large NBFCs for fresh debt to support growth and expansion into new geographies such as Bihar, Jharkhand, and Rajasthan.
- →Equity raises may be considered in the future if needed for expansion, but none are planned currently.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Dar Credit & Capital Ltd Q3 FY26 results?
Dar Credit expects to reach a loan book (AUM) of INR 230-235 crores by Q4 FY26 (March 2026). FY27 AUM expected to cross INR 300 crores, up from INR 202 crores currently.
What is Dar Credit & Capital Ltd share price analysis?
Dar Credit & Capital Ltd currently shows a neutral. The stock trades at a P/E of 6.8 with a market cap of ₹69 Cr. Investors should review the full earnings analysis for detailed insights.
Is Dar Credit & Capital Ltd planning capital expenditure?
No explicit mention of current or planned capital expenditure (capex) or strategic investments in the earnings call.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.