N.B.I. Industrial Finance Company Ltd (NBIFIN) AI Stock Analysis

• Market Cap: ₹4.39B
• Dividend Yield: 0.02%
• Average Volume (3M): 231.00
• Price to Earnings (P/E): 25.4
• Beta (1Y): 1.20
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 5
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 21.95
• Shares Outstanding: 2,456,806
• 10 Day Avg. Volume: 280
• 30 Day Avg. Volume: 231
• PEG Ratio: -6.82
• Price to Book (P/B): 0.18
• Price to Sales (P/S): 45.54
• P/FCF Ratio: 120.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹1,852.00 ▼(-17.06% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is primarily supported by strong reported margins and a debt-light balance sheet, but is held back by weak capital efficiency (very low ROE), volatile fundamentals, a clearly bearish technical setup (below key moving averages with negative MACD), and a high P/E that limits valuation appeal.

Positive Factors

High and durable net margins

Sustained net margins above ~50% indicate a structurally profitable business model that can generate outsized earnings on modest revenue. High margins provide a durable earnings cushion, support reinvestment or distributions, and reduce sensitivity to moderate revenue swings over months.

Debt-light balance sheet

Minimal leverage materially lowers financial distress risk and preserves strategic optionality. A debt-light structure improves resilience to credit cycles, reduces fixed financing costs, and affords flexibility to allocate cash to growth, capital return, or reserves over the medium term.

Positive cash generation and strong cash conversion

Recent operating cash flow materially exceeding net income signals high earnings quality and good cash conversion. Reliable cash generation supports sustainable capital allocation without heavy external funding and underpins dividends, reserves, or selective reinvestment over the next several quarters.

Negative Factors

Very low return on equity

ROE well below 1% signals severe capital inefficiency: the firm earns minimal returns on equity capital, constraining shareholder value creation. Persistently low ROE raises questions about capital allocation, business scale, or the need to restructure the balance sheet to improve long-term returns.

Volatile revenue and cash-flow trends

Revenue and cash flow volatility undermine predictability of earnings and budgeting. For a financial services firm, inconsistent top-line and intermittent free-cash-flow trends increase provisioning and funding ambiguity, making sustainable growth and forecasting more challenging over the medium term.

Tiny operating scale and thin liquidity

A five-person workforce and very low trading volume reflect limited operational scale and execution bandwidth. Small scale magnifies key-person risk, constrains distribution and product development, and makes external capital raising or rapid scaling more difficult over the coming quarters.

N.B.I. Industrial Finance Company Ltd Business Overview & Revenue Model

Company Description

N.B.I. Industrial Finance Company Limited, a non-banking financial company, engages in the investing in shares and securities, and financial activities. The company was formerly known as The New Bank of India Limited and changed its name to N.B.I. Industrial Finance Company Limited in May 1951. N.B.I. Industrial Finance Company Limited was incorporated in 1936 and is based in Kolkata, India.

How the Company Makes Money

null

N.B.I. Industrial Finance Company Ltd Financial Statement Overview

Summary

Strong reported profitability with net margins holding above ~50% in recent years and minimal leverage, but the overall picture is tempered by volatile revenue/cash flow trends and very low returns on equity, indicating weak capital efficiency.

Income Statement

Profitability is very strong, with consistently high gross and operating margins and net margins holding above ~50% in recent years (2022–2025). Revenue growth is positive in the latest annual period (2025: ~12%), but the multi-year trajectory is volatile (including a revenue decline in 2022 and an unusually weak revenue base in 2021), which lowers confidence in the steadiness of earnings power.

Balance Sheet

The company reports essentially no debt across periods, which meaningfully reduces financial risk. However, returns on shareholder equity are very low (well below 1% in all shown years), implying the capital base is not being converted into profits efficiently; equity and assets also show sizable step-changes year to year, which adds some uncertainty around balance sheet stability/structure.

Cash Flow

Cash generation is positive in recent years (2022–2025), and cash flow from operations is well above net income in the latest period (strong cash conversion). That said, operating and free cash flow were negative in 2020, and free cash flow has not shown a clear, steady upward trend (declines in 2022–2024 before improving in 2025), indicating potential volatility in underlying cash generation.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	144.29M	131.36M	128.15M	101.64M	113.21M	14.72M
Gross Profit	122.28M	110.98M	112.69M	87.80M	104.97M	8.04M
EBITDA	128.25M	108.56M	107.06M	78.82M	108.71M	5.67M
Net Income	100.31M	84.84M	78.66M	52.73M	79.45M	16.14M
Balance Sheet
Total Assets	34.06B	35.13B	24.26B	24.58B	22.02B	26.65B
Cash, Cash Equivalents and Short-Term Investments	7.99M	4.25M	332.15M	9.24M	65.27M	465.02M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.89B	2.05B	883.37M	1.00B	635.14M	1.23B
Stockholders Equity	32.17B	33.08B	23.38B	23.58B	21.39B	25.41B
Cash Flow
Free Cash Flow	40.87M	49.68M	56.81M	57.45M	79.01M	1.35M
Operating Cash Flow	40.87M	49.68M	56.81M	57.45M	79.01M	1.43M
Investing Cash Flow	-37.42M	-47.47M	-55.70M	-118.16M	-386.85M	362.55M
Financing Cash Flow	-1.48M	-1.23M	-983.00K	1.00K	3.00K	0.00

N.B.I. Industrial Finance Company Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CSLFINANCE	66 Neutral	₹5.51B	8.12	―	0.93%	17.32%	13.66%
SILINV	63 Neutral	₹4.27B	7.07	―	0.49%	―	―
VLSFINANCE	61 Neutral	₹6.98B	14.11	―	0.52%	-98.34%	-106.71%
THEINVEST	59 Neutral	₹4.97B	13.06	―	―	-9.21%	-48.40%
ARIHANTCAP	58 Neutral	₹7.59B	45.88	―	0.53%	-27.65%	-44.96%
NBIFIN	57 Neutral	₹4.39B	25.40	―	0.02%	―	―

N.B.I. Industrial Finance Company Ltd Corporate Events

N.B.I. Industrial Finance Overhauls Governance and Amends Charter as Q3 FY26 Results Cleared

N.B.I. Industrial Finance Company Ltd’s board has approved amendments to its Memorandum of Association to align the company’s constitutional documents with the Companies Act, 2013, indicating a move to modernize its corporate framework subject to shareholder and regulatory approvals. The board also cleared the unaudited standalone and consolidated financial results for the quarter ended 31 December 2025, signaling continued regulatory compliance and financial disclosure, while simultaneously reshaping its board by appointing Hari Mohan Bangur and Prashant Bangur as additional non-executive, non-independent directors and accepting the resignation of non-executive, non-independent director Riya Puja Jain for personal reasons, leading to a notable change in the company’s governance structure.