FINKURVE

Finkurve Financial Services Limited

NBFC offering gold and MSME loans under Arvog brand

Financial Services›Financial Services›Finance›Non Banking Financial Company (NBFC)

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Key metrics

Price as of 2026-10-16

Stock price
₹68.51
Market cap
963 Cr
Stock P/E
32.8
P/B
2.78
ROE (FY22)
12.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Finkurve Financial Services lends money against gold jewellery, mainly to households in South India.

Company snapshot

35thBy market cap

Ranked among 58 companies in Non Banking Financial Company (NBFC).

What we see

Positives
  • ✓Net margin of 16.8% — the business keeps a healthy share of every rupee it earns.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 20251Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income12 Cr13 Cr11 Cr15 Cr15 Cr16 Cr17 Cr20 Cr26 Cr29 Cr46 Cr48 Cr
Other income0.04 Cr0.07 Cr0.08 Cr0.08 Cr0.23 Cr0 Cr0.27 Cr0.16 Cr0.09 Cr0.51 Cr2 Cr0.72 Cr
Net operating income12 Cr13 Cr11 Cr15 Cr15 Cr16 Cr18 Cr20 Cr26 Cr29 Cr48 Cr49 Cr
Employee cost0.74 Cr0.76 Cr0.78 Cr0.98 Cr3 Cr3 Cr4 Cr4 Cr4 Cr4 Cr5 Cr13 Cr
Other expenses1 Cr1 Cr2 Cr2 Cr3 Cr4 Cr4 Cr4 Cr5 Cr4 Cr2 Cr3 Cr
Provisions & contingencies————————————
Depreciation0.12 Cr0.12 Cr0.12 Cr0.08 Cr0.16 Cr0.32 Cr0.50 Cr0.75 Cr0.75 Cr0.59 Cr1 Cr1 Cr
Profit before tax6 Cr7 Cr6 Cr6 Cr5 Cr8 Cr5 Cr7 Cr7 Cr10 Cr10 Cr11 Cr
Tax %20.8%25.9%24.7%25.6%25.5%27.9%—25.5%19.9%29.8%22.8%24.7%
Net profit4 Cr5 Cr5 Cr4 Cr3 Cr6 Cr4 Cr5 Cr6 Cr7 Cr8 Cr8 Cr
EPS (₹)₹0.34₹0.39₹0.38₹0.35₹0.27₹0.44—₹0.38₹0.42₹0.50₹0.58₹0.60
  1. 1Mar 2025: Derived from year-to-date: the year to 31 Mar 2025 less the quarters to 30 Jun 2024, 30 Sep 2024 and 31 Dec 2024; the filing gives no figures for this quarter alone

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income———8 Cr13 Cr19 Cr33 Cr46 Cr64 Cr155 CrSign in free for the trailing twelve months
Other income0.05 Cr0.03 Cr0.06 Cr0 Cr0.02 Cr0.02 Cr0.20 Cr0.22 Cr0.58 Cr3 CrSign in free for the trailing twelve months
Net operating income0.05 Cr0.03 Cr0.06 Cr8 Cr13 Cr19 Cr33 Cr46 Cr64 Cr158 CrSign in free for the trailing twelve months
Employee cost0.21 Cr0.47 Cr0.68 Cr0.81 Cr1 Cr2 Cr2 Cr3 Cr11 Cr18 CrSign in free for the trailing twelve months
Other expenses0.28 Cr1 Cr1 Cr2 Cr6 Cr10 Cr4 Cr5 Cr13 Cr13 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation0.04 Cr0.03 Cr0.04 Cr0.09 Cr0.20 Cr0.29 Cr0.43 Cr0.47 Cr1 Cr3 CrSign in free for the trailing twelve months
Profit before tax0.83 Cr3 Cr1 Cr5 Cr6 Cr27 Cr20 Cr21 Cr24 Cr35 CrSign in free for the trailing twelve months
Tax %31.7%31.9%31.8%24.5%25.9%20.1%26.9%24.3%26.3%24.7%Sign in free for the trailing twelve months
Net profit0.56 Cr2 Cr0.94 Cr4 Cr5 Cr22 Cr14 Cr16 Cr17 Cr26 CrSign in free for the trailing twelve months
EPS (₹)₹0.06₹0.19₹0.10₹0.36₹0.36₹1.70₹1.13₹1.27₹1.37₹1.89Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr13 Cr13 Cr13 Cr13 Cr13 Cr13 Cr14 Cr
Reserves2 Cr4 Cr5 Cr119 Cr123 Cr145 Cr160 Cr176 Cr194 Cr331 Cr
Borrowings75 Cr110 Cr—73 Cr76 Cr24 Cr52 Cr75 Cr241 Cr847 Cr
Other liabilities7 Cr3 Cr95 Cr1 Cr2 Cr4 Cr10 Cr20 Cr29 Cr41 Cr
Total liabilities93 Cr127 Cr109 Cr206 Cr214 Cr186 Cr235 Cr284 Cr477 Cr1,233 Cr
Fixed assets (net)0.03 Cr0.07 Cr0.07 Cr0.07 Cr0.06 Cr0.38 Cr1 Cr0.74 Cr4 Cr16 Cr
CWIP————0 Cr0 Cr0 Cr—8 Cr—
Investments10 Cr10 Cr10 Cr11 Cr13 Cr5 Cr4 Cr3 Cr5 Cr7 Cr
Loans & advances———193 Cr197 Cr173 Cr221 Cr258 Cr426 Cr1,070 Cr
Trade receivables——0 Cr0.50 Cr0 Cr0 Cr0 Cr———
Cash & bank3 Cr0.04 Cr0.60 Cr0.54 Cr2 Cr3 Cr4 Cr9 Cr15 Cr102 Cr
Other assets80 Cr117 Cr99 Cr1 Cr3 Cr5 Cr4 Cr13 Cr19 Cr38 Cr
Total assets93 Cr127 Cr109 Cr206 Cr214 Cr186 Cr235 Cr284 Cr477 Cr1,233 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity8 Cr-30 Cr30 Cr-84 Cr6 Cr29 Cr-20 Cr-7 Cr-134 Cr-566 Cr
Cash from investing-0.20 Cr-0.27 Cr-0.43 Cr-1 Cr-1 Cr28 Cr-0.90 Cr-6 Cr-5 Cr-7 Cr
Cash from financing-6 Cr28 Cr-29 Cr85 Cr-4 Cr-56 Cr23 Cr18 Cr145 Cr659 Cr
Net cash flow2 Cr-3 Cr0.56 Cr-0.06 Cr1 Cr0.69 Cr2 Cr4 Cr7 Cr87 Cr
Free cash flow (OCF − Capex)8 Cr-30 Cr30 Cr-84 Cr6 Cr29 Cr-20 Cr-14 Cr-138 Cr-566 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
ROE %3.8%—5.3%3.0%3.3%12.5%
Debt / equity5.537.140.100.550.550.15