SG Finserve Ltd

Q4 FY26Finance

SG Finserve Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹625

Market cap₹4.2K Cr

P/E26.5

Updated24 Sept 2026

Read4 min read

The short version

SG Finserve aims for medium to long-term AUM (Assets Under Management) growth of 25% to 30% CAGR. SG Finserve targets medium to long-term AUM growth of 25% to 30%, with an aspiration of 35% to 40% AUM growth specifically in FY27.

From SG Finserve Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

SG Finserve aims for medium to long-term AUM (Assets Under Management) growth of 25% to 30% CAGR.
For FY 2027 specifically, the company aspires to achieve a higher AUM growth of 35% to 40%.
Incremental equity raised in Q4 is expected to support maintaining business momentum into Q1 and subsequent quarters.
Loan book target: The company plans to reach INR 10,000 crores AUM in three to four years without fresh equity, leveraging internal accruals and bank lines.
Profit After Tax (PAT) growth guidance is 30% to 35% CAGR based on the full financial year, not just the Q4 exit run rate.

2 more points management made on revenue & sales performance

Profitability & Margins

SG Finserve targets medium to long-term AUM growth of 25% to 30%, with an aspiration of 35% to 40% AUM growth specifically in FY27.
Profit After Tax (PAT) is expected to grow at a Compound Annual Growth Rate (CAGR) of 30% to 35% based on the previous full financial year’s PAT, not just the Q4 exit run rate.
Return on Assets (ROA) is guided in the range of 4.5% to 5%.
Return on Equity (ROE) is expected to be in the 14% to 16% range.
Cost to Income ratio is expected to be maintained between 13% and 17%.

2 more points management made on profitability & margins

See what SG Finserve Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The company has raised incremental equity of INR 350 crores through warrants converted in April 2026, adding to a total equity pool of INR 1,481 crores to support growth and new businesses.
No specific new capex or strategic investments are announced for FY27. Groundwork for new business verticals is ongoing but subject to regulatory approvals, business plans, and staffing.
There is enough existing bank credit line availability of around INR 3,000 to 3,500 crores, not fully utilized, to support AUM growth without immediate fresh capital raise.
Future business expansions like factoring on TReDS platforms are planned, with go-live expected in Q1 FY27.

2 more points management made on capital expenditure plans

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

SG Finserve currently has enough bank lines available, with limits between INR 3,000 to INR 3,500 crores, which are not fully utilized.
Leverage currently stands at 1.9x, with a comfortable range targeted between 2x to 3x over the next 2-3 years.
The company is not dependent on any fresh equity for reaching an AUM target of around INR 10,000 crores in the next 3-4 years, as profits will be accumulated and bank lines utilized.
Incremental equity raised in Q4 will support growth momentum in FY27 and subsequent quarters.

2 more points management made on fundraising & capital structure

See what SG Finserve Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages from SG Finserve Limited's transcript do not explicitly mention any current or expected order book or pending orders. The discussion primarily covers topics such as: - Business segments like supply chain dealer financing, factoring, and TReDS operations. - Growth guidance for AUM and PAT. - Industry sector concentration (construction, automotive). - Risk management and early warning systems.

2 more points management made on order book & pipeline

What SG Finserve Ltd's management said in earlier quarters

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Frequently Asked Questions

What were SG Finserve Ltd Q4 FY26 results?

What is SG Finserve Ltd share price analysis?

SG Finserve Ltd currently shows a neutral. The stock trades at a P/E of 26.5 with a market cap of ₹4,158 Cr. Investors should review the full earnings analysis for detailed insights.

Is SG Finserve Ltd planning capital expenditure?

The company has raised incremental equity of INR 350 crores through warrants converted in April 2026, adding to a total equity pool of INR 1,481 crores to support growth and new businesses. - No specific new capex or strategic investments are announced for FY27.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.