🪦 Haryana Financial Corp: A Dead Company That Still Trades at ₹1,200 Cr?
Date of Publishing -
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At a Glance
A government-run NBFC that stopped lending in 2010. No business. No growth. ₹0.07 Cr revenue in FY25. But still trading at a ₹1,193 Cr market cap because… India mein kuch bhi ho sakta hai.
1. 🧊 Introduction: Zombie Stock Alert
Imagine a company that hasn’t given a loan in 15 years, posts a loss in most quarters, doesn’t generate revenue, and still commands a market cap of ₹1,193 Cr.
Welcome to Haryana Financial Corporation Ltd – India’s most expensive retirement plan.
This isn’t even a turnaround story. It’s a financial corpse that occasionally twitches due to operator manipulation or sheer retail delusion.
2. 💼 WTF Do They Even Do?
Let’s be clear.
Old Job: Sanction loans to small industries in Haryana.
New Job: Do nothing. Just recover leftover dues and file reports.
Assets: Some investments. A few crores left in receivables. That’s it.
Debt: Zero. Not because they repaid fast, but because they stopped borrowing after dying.
