At a Glance
P. H. Capital just turned up the heat with Q1 FY26 results showing profit ₹7 Cr, up a whopping 478% YoY, sending the stock up 4.97% to ₹188. Revenue jumped 22.6% to ₹58 Cr, and OPM recovered to 16.5% after several quarters of wild swings. With a P/E of only 4.1 and book value ₹181, this microcap NBFC screams “cheap”—but also carries the unpredictability of a crypto chart.
Introduction
P. H. Capital is the stealth player in India’s financial services scene. No flashy ads, no billion-dollar branding—just a low-key NBFC dabbling in investments, securities, derivatives, mutual funds, and more. Its size (₹56 Cr market cap) is tiny, but it just delivered results that made big finance names look like amateurs.
For a company that’s been as erratic as a Bollywood plot twist, FY26 started with a bang. Margins expanded, profits soared, and investors got a reason to smile. The question: is this sustainable, or just a one-quarter wonder?
Business Model (WTF Do They Even Do?)
P. H. Capital isn’t your regular NBFC. It’s more of a hybrid:
- Core Activities: Financing, investments, and trading in securities.
- Offerings: PMS, derivatives, bonds, loans, IPOs, insurance, and research.
- Revenue Drivers: Interest income, trading profits, and advisory fees.
In short, it’s a mini financial supermarket—minus the branding power of a Jio or HDFC.
Financials Overview
Q1 FY26 Snapshot:
- Revenue: ₹58 Cr (+22.6% YoY)
- Net Profit: ₹7 Cr (+478% YoY)
- EPS: ₹23.33 (up from -₹22.37 in Q4 FY25)
- OPM: 16.5% (vs -25.6% Q4 FY25)
This turnaround was fueled by strong
