Arthneeti

SG Finserve Q2 FY27 Share Price & Earnings Call Analysis

₹698.30-1.90% today
Market cap
₹4,599 Cr
P/E
24.57
ROE
10.32%
PEG
0.26
Price to sales
9.42
Debt to equity
2.73
52W high / low
₹735 / ₹335
Sales growth (5Y)
169.43%
EBITDA margin
92.63%
Net profit margin
38.27%
Promoter holding
56.95%
Sales (last year)
₹488 Cr

Incorporated in 1994, Moongipa Securities Ltd is in the business of Investing Activities, Investment Research, Investment Banking and Wealth Management

Guidance scorecard · Q2 FY27 call

What SG Finserve's management guided
and where it ranks in Finance

#28of 67 in
Finance
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ2 FY27 call

20–40%
  • SG Finserve expects growth to be front-loaded in the current quarter, with subsequent quarters showing normal growth rates rather than extraordinary spikes.
  • The company envisages a 30% to 35% AUM (Assets Under Management) growth on a 12-month forward basis from the present.
  • Revenue growth is aligned with AUM growth; for instance, quarter-on-quarter average AUM grew 17%, while closing AUM grew 25%, influencing interest income accordingly.
  • Profitability growth is expected at 35%-40% CAGR alongside AUM growth.
  • The company targets reaching INR10,000 to INR11,000 crores AUM within the next 2 to 3 years.

2 more points from SG Finserve's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

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

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Board approved an investment of approximately INR 48 crores to set up a wholly owned subsidiary finance company in GIFT City focused on supply chain financing, particularly for overseas supply chains (import/export). This venture requires RBI and IFSCA…
  • Investment in building AI-based technology, Alternative Investment Fund (AIF), Asset Reconstruction Company (ARC) businesses as part of long-term expansion towards becoming a full-fledged financial institution.
  • Hiring planned on a need basis for new businesses, e.g., compliance head already hired for AIF, CIO to be hired closer to licensing.

2 more points from SG Finserve's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

See what SG Finserve said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • The loan book (AUM) of SG Finserve Limited stood at INR 5,700 crores at the end of Q2.
  • The company expects to maintain a 30%-35% CAGR on AUM on a 12-month forward basis from the current base.
  • They target to reach INR 10,000 to INR 11,000 crores AUM in the next 2 to 3 years.
  • Business growth in Q2 was front-loaded with multiple segments scaling, including supply chain finance, factoring, and digital lending.
  • The management is cautious and conservative, aiming to maintain quality growth without compromising asset quality.

2 more points from SG Finserve's call on the order book

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Full Q2 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does SG Finserve rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

SG Finserve latest results (Sep 2026)

Revenue

₹161 Cr

+115% YoY

Net profit

₹59 Cr

+111% YoY

Operating margin

49%

EPS

₹8.92

What management said on the call →

SG Finserve shareholding (Sep 2026)

Promoters

56.95%

unchanged QoQ

FIIs

1.00%

+0.46 pp QoQ

DIIs

2.18%

unchanged QoQ

Public

39.87%

−0.47 pp QoQ

Full shareholding pattern →Dividend history →

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,826 Cr59.9
240%+Up 2%+₹844 Cr—
340%+Flat₹41,424 Cr38.1
440%+Flat₹16,712 Cr—
540%+Flat₹7,256 Cr19.1
640%+Flat₹948 Cr28.6

Sign up free to see every company in the sector ranking and track SG Finserve.

Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Financials of SG Finserve

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

SG Finserve

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +47.80%47.77%46.99%48.38%48.38%48.38%48.38%48.38%50.30%52.92%56.95%56.95%
FIIs +0.20%0.25%0.37%0.07%0.07%0.08%0.12%0.17%0.07%0.26%0.54%1.00%
DIIs +0.81%1.38%1.62%1.83%1.92%2.30%4.44%4.03%3.46%3.28%2.18%2.18%
Public +51.18%50.59%51.02%49.73%49.63%49.25%47.07%47.43%46.17%43.54%40.34%39.87%
No. of Shareholders9,40911,36812,43914,09114,62717,25630,92131,16430,24426,40328,15032,676

Financials of SG Finserve

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +44525944314254687586105136161
YoY Revenue growth+2,926%+321%+113%+25%-30%-19%-8%+55%+142%+102%+95%+101%+116%
Interest151821120119253036435468
Expenses +6576109496661013
Financing Profit23293125213231343943567280
Financing Margin %53%55%53%58%67%76%58%50%52%50%53%53%49%
Other Income +0011000000000
Depreciation0000000000000
Profit before tax23293226213231343843567279
Tax %25%25%25%26%32%26%23%28%26%25%25%25%26%
Net Profit +17222419142424252832425459
EPS in Rs3.183.944.333.472.534.244.264.395.085.816.488.158.92
Gross NPA %
Net NPA %

Financials of SG Finserve

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +6411002241190170334488
Revenue growth+374%-39%-81%+70%-77%+10%+634%-8%+1,819%+358%-10%+96%+104%
Interest0000000086432134202
Expenses +64011111820282736
Financing Profit0001-0-12125105111172251
Financing Margin %6%4%35%55%-172%-344%69%55%59%55%65%52%51%
Other Income +0000000-0100-00
Depreciation0000000000111
Profit before tax0001-0-12125105110172250
Tax %32%38%23%29%-27%5%4%30%26%25%26%26%
Net Profit +0001-0-121187981128187
EPS in Rs0.480.180.461.18-0.68-2.003.151.564.4614.2914.4919.5629.36
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of SG Finserve

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital555555554155566566
Reserves222322345327519591,3951,532
Borrowing100011004939571,3872,7044,363
Other Liabilities +0000000013165923
Total Liabilities877888891,0791,7792,4074,1735,984
Fixed Assets +0022211102223
CWIP0000000010000
Investments2211121200800133
Other Assets +655655661,0781,7782,3254,1715,849
Total Assets877888891,0791,7792,4074,1735,984

Financials of SG Finserve

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +0-1-0-0-1-100-941-629-492-1,571
Cash from Investing Activity +-1-10-0111-02-4-5661
Cash from Financing Activity +-0-00-000-101,0306165541,632
Net Cash Flow-1-2-0-0-000091-186121
Free Cash Flow0-1-0-0-1-000-941-630-492-1,572

Financials of SG Finserve

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %4%1%3%8%-4%-14%22%10%6%11%9%10%

Guidance history

How SG Finserve's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlannedPlannedRising
Q1 FY27 call →20–40%FlatPlannedNone plannedRising
Q4 FY26 call →20–40%FlatPlannedPlannedRising
Q3 FY26 call →20–40%FlatNone plannedPlannedFlat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

79out of 100

Momentum score · price trend

79 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,937 stocks
Last 12 months+80.1%91%
Last 6 months+20.7%71%
Last 3 months+5.5%72%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For SG Finserve: 0.4 × 91 + 0.4 × 71 + 0.2 × 72 = 79.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

SG Finserve: frequently asked questions

What is SG Finserve share price today?

SG Finserve last traded at ₹698.3, with a market capitalisation of ₹4,599 Cr and a P/E ratio of 24.6.

What were SG Finserve's latest quarterly results?

For the quarter ended Sep 2026, SG Finserve reported revenue of ₹161 Cr (+115% year on year) and net profit of ₹59 Cr, with an operating margin of 49%.

Is SG Finserve's profit growing?

Net profit was ₹59 Cr in Sep 2026 against ₹28 Cr in Sep 2025, a change of +111%.

What is SG Finserve's EPS?

SG Finserve's earnings per share for the quarter ended Sep 2026 was ₹8.92.

What is the promoter holding in SG Finserve?

Promoters held 56.95% of SG Finserve in Sep 2026 (unchanged versus Jun 2026).

How much do FIIs and DIIs hold in SG Finserve?

In Sep 2026, foreign institutional investors held 1.00% and domestic institutions (including mutual funds) held 2.18% of SG Finserve.

What is SG Finserve's ROE and ROCE?

SG Finserve's return on equity is 10.3% and its return on capital employed is 9.32%.

Does SG Finserve pay a dividend?

SG Finserve's dividend yield is 0% at the current price; see the SG Finserve dividends page for past payouts.

Which sector does SG Finserve belong to?

SG Finserve is in the Finance sector. Its peer comparison and sector ranking are on this page.

What did SG Finserve's management say on the latest earnings call?

Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from SG Finserve's management.

How does Arthneeti AI analyse SG Finserve?

Arthneeti reads SG Finserve's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.

Continue your research

What SG Finserve's management said in earlier quarters

Earlier calls (3)

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