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Fusion Finance Ltd

₹ 1781.16%
07 Jan 10:03 a.m. – close price
🔗fusionmicrofinance.comâ€ĸBSE: 543652â€ĸNSE: FUSION
Market Cap₹ 2,869 Cr.
Current Price₹ 178
High / Low₹ 212
Stock P/Enull
Book Value₹ 118
Dividend Yield0.00 %
ROCE-2.96 %
ROE-54.5 %
Face Value₹ 10.0
Sales₹ 1,775 Cr.
OPM-9.04 %
Mar Cap₹ 2,869 Cr.

ABOUT

Incorporated in 1994, Fusion FinanceLtd is primarily engaged in microfinancelending activities[1]

KEY POINTS

Business Overview:[1][2]Fusion, a systemically important non-deposit NBFC, providesJLG loansto female members in groups of 5-7, backed by mutual guarantees. Loan tenures range from17 to 25 monthswithrepayments every 14/28 daysat interest rates of19.15%-23.40%(reducing balance). It has also ventured intoMSME lendingand offers loans forproductivity-enhancing itemslike mobile phones and bicycles, leveraging its distribution channel to deliver additional financial products and services.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuancePreferential IssuancePreferential IssuanceLarge Order ReceiptsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.CreditAcc. Gram.1321.05158.1921147.340.00125.81-32.381508.353.799.555758.2537.24133.69125.812.961.882.81
2.Muthoot Microfin184.80–3150.700.0030.52-50.46576.33-12.995.802370.7618.86-360.6530.521.17-1.983.20
3.Fusion Finance178.45–2869.190.00-22.1492.74400.82-42.04-2.961775.14-9.04-998.27-22.141.54-12.202.57
4.Spandana Sphoort259.20–2082.680.00-218.07-6.93199.32-68.67-3.871345.02-87.25-1351.05-218.071.01-9.171.35
5.Satin Creditcare150.109.941658.160.0051.8824.83715.9019.2311.532548.4348.54166.8851.880.572.072.92
–Median: 5 Co.184.884.062869.190.030.52-6.93576.33-12.995.82370.7618.86-360.6530.521.17-1.982.81

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
–––––––––––––
Expenses
163243773208532387192286458167213884318
Operating Profit
–––––––––––––
Other Income
820922181120291013251232
Profit before tax
134166-508159-51-92152172-165126166-410-22
Tax %
23%24%42%24%-30%0%25%23%0%25%24%-26%0%
Net Profit
102126-719120-36-92115133-16595126-305-22
EPS in Rs
6.347.80-44.387.46-2.20-5.697.098.19-10.157.037.75-18.82-1.37

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
–––––––––
Expenses
1821722904376766389492,6461,936
Operating Profit
–––––––––
Other Income
1310175058964962
Interest
137254338375496643791844676
Depreciation
22345791211
Profit before tax
-54681005724512663-1,133-786
Net Profit
-3951704422387505-1,225-998
EPS in Rs
-5.704.815.143.251.6123.9731.17-75.54-61.59
Dividend Payout %
0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:%
3 Years:%
TTM:-1125%

Compounded Sales Growth

10 Years:%
5 Years:26%
3 Years:26%
TTM:-32%

Return on Equity

10 Years:%
5 Years:-3%
3 Years:-5%
Last Year:-55%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:-22%
1 Year:3%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
4162797983100101101131
Reserves
2145641,1201,1671,2552,2222,7481,5431,787
Borrowings
–––––––––
Other Liabilities
1065667159177263310247239
Total Liabilities
1,9683,6114,2405,8387,2909,36411,7748,2937,090
Fixed Assets
566181921312742
Gross Block
11.177.9010.9926.7333.0141.9861.0867.80–
Accumulated Depreciation
6.212.384.948.4513.8221.0229.6440.36–
CWIP
000000220
Investments
000000222
Other Assets
1,9633,6044,2335,8207,2719,34211,7398,2617,047
Total Assets
1,9683,6114,2405,8387,2909,36411,7748,2937,090

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-597-1,418-749-793-1,641-1,663-1,3501,448
Cash from Investing Activity
18415201018183174
Cash from Financing Activity
7411,6315451,4591,4181,5841,843-2,214
Net Cash Flow
329229-184676-204-61524-692

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
––––––––
Inventory Days
––––––––
Days Payable
––––––––
Cash Conversion Cycle
––––––––
Working Capital Days
––––––––
ROCE %
––––––––

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
68.18%68.18%68.18%67.92%57.70%57.71%57.71%57.71%57.71%57.71%55.02%54.96%
FIIs
5.32%5.98%5.43%5.15%6.74%5.97%3.95%2.82%0.56%1.69%2.99%3.92%
DIIs
12.77%13.56%16.51%15.37%22.81%23.28%22.79%19.19%18.13%16.91%12.57%11.88%
Public
13.39%12.00%9.62%11.02%12.26%12.65%15.17%19.90%23.24%23.32%29.19%29.01%

* The classifications might have changed from Sep'2022 onwards.ℹī¸

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Fusion Finance Announces Postal Ballot and E-voting Dispatch Via Newspaper Ads

3rd April 2026, 5:49 pm

Fusion Finance Seeks Shareholder Approval for Two Director Appointments via Postal Ballot

3rd April 2026, 12:55 am

Fusion Finance Approves Grant of 25,000 Stock Options

1st April 2026, 12:30 am

Fusion Finance Board Appoints Remika Agarwal, Accepts Kenneth Vander Weele's Resignation

1st April 2026, 12:26 am

Fusion Finance Announces Board Changes: Director Resigns, New Director Appointed

1st April 2026, 12:02 am

Published by Other Websites

External media mentions & references

Bihar MFI Bill Sparks Sharp Sell-off in Microfinance Stocks

27th February 2026, 11:19 pm

Fusion Finance's Profit Return Meets Sector Headwinds

11th February 2026, 11:14 am

Fusion Finance Secures ₹800 Crore Capital Infusion, Ignites Growth Plans After Portfolio Recovery!

12th December 2025, 5:55 pm

Indian Equity Markets Close Lower Amid Volatility; Analysts Recommend Three Stocks

9th October 2025, 5:33 am

Stocks to Watch: HAL's Tejas Deal, Tata Motors' European Bid, Hero MotoCorp Launch, and Major Company Updates for August 20, 2025

20th August 2025, 8:02 am

News Articles

Editorial & research coverage

Fusion Finance's Profit Return Meets Sector Headwinds
Fusion Finance's Profit Return Meets Sector Headwinds

11th February 2026, 11:14 am

Fusion Finance Rebounds to Profitability, Sheds 'Going Concern' Tag
Fusion Finance Rebounds to Profitability, Sheds 'Going Concern' Tag
Fusion Finance Recovers: Posts ₹14 Cr Profit, Asset Quality Surges
Fusion Finance Recovers: Posts ₹14 Cr Profit, Asset Quality Surges
Fusion Finance Posts Profit, But Loan Covenants Loom Large
Fusion Finance Profit Turnaround Hit by Covenant Breach Fears
Fusion Finance Profit Turnaround Hit by Covenant Breach Fears

Documents

Announcements

Update On Rights Issue - Receipt Of First And Final Call Money On The Partly Paid-Up Equity Shares Of The Company.

1d - Received Rs.395.30 Crore (≈99%) first-and-final call; shares fully paid, trading from 06-Jan-2026.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Allotment

29 Dec - Allotment of up to Rs150 crore secured NCDs, 30-month tenor, 10.95% p.a., deemed allotment Dec 29, 2025.

Board Meeting Outcome for Outcome Of Working Committee Meeting - Pursuant To Regulation 30 And 51 Read With Schedule III Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations').

29 Dec - Allotment of up to 15,000 secured NCDs aggregating Rs150 crore (incl. Rs50 crore green shoe); 30-month, 10.95% p.a. interest.

Board Meeting Intimation for Prior Intimation Regarding The Meeting Of The Working Committee Of The Company Under Regulation 29 & 50 Of SEBI (LODR) Regulations, 2015.

23 Dec - Working Committee meeting on Dec 29, 2025 to consider approving private-placement non-convertible debentures issuance.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Credit Ratings

Rating update

30 Dec from crisil

Rating update

19 Dec from crisil

Rating update

16 Dec from care

Rating update

27 Nov 2025 from icra

Rating update

27 Nov 2025 from crisil

Rating update

7 Nov 2025 from crisil

Concalls

Nov 2025

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Aug 2025

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May 2025

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Feb 2025

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Nov 2024

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Aug 2024

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May 2024

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May 2024

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Mar 2024

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Nov 2023

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Aug 2023

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Aug 2023

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May 2023

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Feb 2023

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Nov 2022

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Stock Analysis

Description

Fusion Finance Limited is a non-deposit NBFC primarily engaged in microfinance lending activities, including Joint Liability Group (JLG) loans and MSME lending.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

Currently no data available for Key Dates To Watch.

Corporate Announcements

3rd Apr 26
Impact Rating: -
No description available.
2nd Apr 26
Impact Rating: 6
Fusion Finance is holding a postal ballot to appoint Mr. Brahmanand Hegde as Non-Executive Independent Director and Ms. Remika Agarwal as Non-Executive Non-Independent Director. E-voting period is April 3-May 2, 2026.
31st Mar 26
Impact Rating: 6
Fusion Finance's Nomination Committee approved 25,000 employee stock options at Rs. 138.24 each on March 31, 2026. Vesting starts within a year, with an 8-year exercise period post-vesting.
31st Mar 26
Impact Rating: 6
Fusion Finance Limited accepted the resignation of Non-Executive Director Kenneth Dan Vander Weele due to retirement. Ms. Remika Agarwal has been appointed as Non-Executive Non-Independent Director for a 5-year term commencing March 31, 2026.
31st Mar 26
Impact Rating: 6
Fusion Finance Limited's Board accepted the resignation of Non-Executive Director Mr. Kenneth Dan Vander Weele, effective March 31, 2026. Ms. Remika Agarwal was appointed as Non-Executive Non-Independent Director for five years, from March 31, 2026, to March 30, 2031.