Key Financial Performance Metrics (FY26)

Assets Under Management (AUM): ₹219.66 crores, representing 24.81% YoY growth

Disbursements: ₹138.52 crores

Asset Quality:

  • Gross NPA: 6.46 crores (2.94%)
  • Net NPA: 2.58 crores (1.17%)

Income Statement:

  • Net Interest Income: ₹35.95 crores (15.03% YoY growth)
  • Net Interest Margin: 18.17%
  • Profit After Tax: ₹19.48 crores (21.67% YoY growth)
  • PAT Margin: 47.40%

Per Share Metrics:

  • EPS: ₹6.31
  • Book Value: ₹171.98 (11.50% growth)

Operational Ratios:

  • Cost to Income: 28.77%
  • Yield on Advances: 23.55%
  • CRAR: 78.28%
  • ROA: 8.65%

Comparative Performance (vs FY25)

  • Net Interest Income: Increased from ₹31.21 crores to ₹35.95 crores
  • PAT: Increased from ₹16.01 crores to ₹19.48 crores
  • Book Value: Increased from ₹154.24 to ₹171.98
  • GNPA%: Increased from 2.87% to 2.94%
  • NNPA%: Increased from 0.74% to 1.17%
  • CRAR: Decreased from 85.7% to 78.28%
  • ROA: Increased from 8.20% to 8.65%

Strategic Initiatives and Expansion Plans

Capital Position: Net worth of ₹172 crores enables AUM expansion to ₹1000 crores without additional equity. Future growth to be funded through Term Loans/NCDs.

Product Expansion: Venturing into Micro LAP (under ₹5 lakh), Home Loan, Property Loan, Salaried Personal Loan, Tractor Loan, and other secured lending products.

Branch Network Expansion:

  • Current branches: 61
  • Planned expansion: 70 branches in CY2026, 100 branches over next three years
  • Geographic expansion into Karnataka, Goa, Rajasthan, and Madhya Pradesh

Technology Investment: Digitization and automation initiatives to strengthen risk framework and process efficiency. AI-led initiatives planned for database churn and operational productivity.

Customer Base: Database of 5 lakh+ customers with over 1 lakh active customers

Management Commentary

Mr. Vatsal M. Doshi, Managing Director, stated that FY26 was a year of steady progress with focus on disciplined growth, prudent underwriting, and maintaining asset quality. The company has three decades of experience across multiple economic cycles with NNPA maintained at around 1%.

Growth Targets

Targeting ₹500 crore AUM by FY29 driven by branch expansion, deeper market penetration, new secured lending products, and increased productivity across physical and digital infrastructure.

Company Overview

Shalibhadra Finance Limited is an NBFC focusing on rural and semi-urban areas in Gujarat, Maharashtra, and Madhya Pradesh. The company offers small ticket asset financing including New & Used two wheelers, four wheelers, and property loans, following a prudent, asset-backed lending model.