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Fusion Finance Ltd
(FUSION)
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Rating:53Neutral
Price Target:
₹207.00
▲(27.82% Upside)
Action:Reiterated
Date:07/02/26
The score is held down primarily by volatile financial performance, elevated leverage, and inconsistent cash flow history, including a sharp profitability drawdown in 2025 and a revenue decline in 2026. Technicals are a meaningful offset with price trading above key moving averages and positive momentum indicators. Valuation contributes negatively because earnings are negative (limiting P/E usefulness) and no dividend yield is available.
Positive Factors
Leverage reduction
A meaningful reduction in leverage and improved equity in 2026 strengthens the capital structure and reduces refinancing and interest-rate sensitivity. This enhances financial flexibility over the next 2–6 months, lowering default and covenant risk and enabling more predictable funding for operations and growth.
Negative Factors
Elevated leverage
Historically high debt-to-equity increases exposure to interest-rate moves, refinancing risk, and credit-cycle swings. Even with recent improvement, the capital structure remains debt-heavy, constraining flexibility for strategic investments and increasing probability of distress if earnings or cash flow weaken again.
Read all positive and negative factors
Positive Factors
Negative Factors
Leverage reduction
A meaningful reduction in leverage and improved equity in 2026 strengthens the capital structure and reduces refinancing and interest-rate sensitivity. This enhances financial flexibility over the next 2–6 months, lowering default and covenant risk and enabling more predictable funding for operations and growth.
Read all positive factors
Fusion Finance Ltd (FUSION) vs. iShares MSCI India ETF (INDA)
Market Cap
₹37.10B
Dividend YieldN/A
Average Volume (3M)38.51K
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue Growth-26.86%
EPS Growth99.25%
CountryIN
Employees13,807
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-123.71
Shares Outstanding161,683,990
10 Day Avg. Volume11,897
30 Day Avg. Volume38,509
Financial Highlights & Ratios
PEG Ratio-1.36
Price to Book (P/B)0.77
Price to Sales (P/S)1.09
P/FCF Ratio5.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.43
Revenue Forecast (FY)₹13.78B
Fusion Finance Ltd Business Overview & Revenue Model
Company Description
Fusion Micro Finance Limited is an Indian non-banking financial institution (NBFI) dedicated to delivering microfinance solutions. It primarily serves women entrepreneurs located in rural and semi-urban parts of India. The company offers a diverse...
Fusion Finance Ltd Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
46
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.23B | 17.32B | 21.29B | 20.87B | 15.90B | 10.57B |
| Gross Profit | 6.47B | 11.75B | 7.97B | 9.31B | 6.59B | 3.59B |
| EBITDA | -12.76B | -533.30M | -11.20B | 6.73B | 5.20B | 306.85M |
| Net Income | -12.81B | 138.50M | -12.25B | 5.05B | 3.87B | 217.55M |
Balance Sheet | ||||||
| Total Assets | 74.25B | 82.95B | 82.93B | 117.74B | 93.64B | 72.90B |
| Cash, Cash Equivalents and Short-Term Investments | 7.87B | 20.05B | 8.88B | 16.11B | 11.18B | 11.58B |
| Total Debt | 52.66B | 55.71B | 64.02B | 86.16B | 67.78B | 57.76B |
| Total Liabilities | 54.81B | 58.39B | 66.49B | 89.26B | 70.42B | 59.53B |
| Stockholders Equity | 16.43B | 24.56B | 16.43B | 28.48B | 23.22B | 13.38B |
Cash Flow | ||||||
| Free Cash Flow | 5.57B | 3.67B | 14.37B | -13.70B | -16.71B | -16.47B |
| Operating Cash Flow | 5.59B | 3.68B | 14.48B | -13.50B | -16.63B | -16.41B |
| Investing Cash Flow | 6.83B | 8.51B | 744.00M | 314.80M | 178.50M | 184.83M |
| Financing Cash Flow | -22.44B | -666.30M | -22.14B | 18.43B | 15.84B | 14.18B |
Fusion Finance Ltd Technical Analysis
Positive
161.95
Price Trends
186.62
Positive
178.70
Positive
176.80
Positive
Market Momentum
8.44
Negative
76.62
Negative
90.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FUSION, the sentiment is Positive. The current price of 161.95 is below the 20-day moving average (MA) of 182.92, below the 50-day MA of 186.62, and below the 200-day MA of 176.80, indicating a bullish trend. The MACD of 8.44 indicates Negative momentum. The RSI at 76.62 is Negative, neither overbought nor oversold. The STOCH value of 90.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:FUSION.
Fusion Finance Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹27.39B | 15.18 | ― | 0.33% | 13.89% | 12.56% | |
68 Neutral | ₹36.75B | 29.19 | ― | 0.92% | 6.45% | 18.85% | |
65 Neutral | ₹65.39B | 27.45 | ― | 0.29% | 22.32% | 17.78% | |
65 Neutral | ₹20.10B | 6.27 | ― | ― | -18.77% | 47.18% | |
64 Neutral | ₹22.19B | 23.43 | ― | 1.88% | -9.79% | -53.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹37.10B | -245.69 | ― | ― | -26.86% | 99.25% |
* General Sector Average
IN:FUSION
Fusion Finance Ltd
230.30
41.80
22.18%
IN:GEOJITFSL
Geojit Financial Services Ltd
79.50
-4.20
-5.02%
IN:MONARCH
Monarch Networth Capital Limited
345.35
-32.06
-8.49%
IN:PAISALO
Paisalo Digital Ltd.
71.89
41.53
136.79%
IN:PFS
PTC India Financial Services Limited
31.30
-9.56
-23.40%
IN:TFCILTD
Tourism Finance Corporation of India Limited
79.37
24.12
43.66%
Fusion Finance Ltd Corporate Events
Fusion Finance grants 25,000 stock options under ESOP 2023
Jun 24, 2026
Fusion Finance Limited has approved the grant of 25,000 stock options to eligible employees under its Fusion Employee Stock Option Plan 2023. The options, priced at Rs. 176.77 per share based on the previous day’s NSE closing price, will ves...
Fusion Finance issues final reminder on unpaid rights shares
Jun 18, 2026
Fusion Finance Limited has issued a second and final reminder-cum-forfeiture notice for payment of the first and final call money on 392,088 partly paid-up equity shares that were allotted on a rights basis under a March 29, 2025 letter of offer. ...
Fusion Finance Schedules Mumbai Investor and Analyst Meetings in June 2026
Jun 5, 2026
Fusion Finance Limited has announced that its management will meet a group of investors and analysts in one-to-one and group sessions in Mumbai between June 9 and June 11, 2026, as part of its ongoing investor relations efforts. The company emphas...
Fusion Finance Wins ITAT Ruling as Rs 16.62 Crore Tax Demand Is Scrapped
Jun 2, 2026
Fusion Finance Limited has announced that the Income Tax Appellate Tribunal in New Delhi has dismissed an appeal filed by the Income Tax Officer concerning tax treatment on interest payments to foreign non-convertible debenture holders for assessm...
Fusion Finance Resolves Depository Issue, Wins Trading Nod for Rights Issue Shares
Apr 6, 2026
Fusion Finance Limited has received trading approval for 3,626 equity shares that were converted from partly paid-up to fully paid-up equity shares through a rights issue, resolving an earlier rejection by depositories during the corporate action ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.