Supra Pacific Financial Services Ltd – From Gold Loans to Golden Drama – 100 Cr Market cap
1. At a Glance
Supra Pacific Financial Services Ltd (BSE: 540168) is the kind of NBFC that looks tiny in size but mighty in ambitions—like a contestant in Indian Idol who thinks they can outsing Arijit Singh. The stock trades at ₹30 with a market cap of ₹99.9 Cr, but the company is busy raising preferential equity, planning ₹500 Cr debt, and expanding as if it’s the next Bajaj Finance. Spoiler: It’s not, but let’s have some fun.
2. Introduction
Incorporated back in 1986—when Doordarshan was still everyone’s Netflix—Supra Pacific started as a humble management consultancy. Fast forward to today, it’s an NBFC (Non-Deposit Taking, Non-Systematically Important) that lends for gold, bikes, microfinance, and basically anything that keeps Indian households afloat.
The company recently transformed its balance sheet with aggressive borrowings and equally aggressive boardroom changes. Deloitte exited as auditors (always a drama signal), promoters sold off chunks, and new hands took over. The result? Sales went from ₹0.20 Cr in FY15 to ₹56 Cr in FY25—a 294% growth in five years. From rounding errors in Excel to actual financial statements.
But let’s not kid ourselves: Supra still earns ~99% of revenue from plain old interest income. Innovation? Maybe in press releases, not in products.
And here’s the kicker: despite sales growth, the ROE is stuck at 2%—like a cricket team scoring 300 but still losing because of fielding mistakes.
So, what’s really cooking here?
3. Business Model – WTF Do They Even Do?
Supra Pacific runs a very desi NBFC model:
Two-Wheeler Loans: Because Indians love bikes more than gym memberships.
Gold Loans: The favourite NBFC recipe—take family gold, pledge it, give cash, and pray the customer doesn’t default.
Business Loans: For small shops and MSMEs—the local kirana trying to outcompete Amazon.
Personal Loans: High interest, low collateral—basically, legalized dosti-wala udhaar.
Microfinance: Lending ₹10,000 to SHGs while dreaming of ₹1,000 Cr AUM.
In reality, Supra’s business model is less about sophisticated risk management and more about hoping people repay. With a debt-to-equity ratio of 3.57, they’re playing financial Jenga—stacking loans upon borrowings and praying it doesn’t collapse.
Would you call this visionary or just risky jugaad?
4. Financials Overview
Source table
Metric
Latest Qtr (Jun 25)
YoY Qtr (Jun 24)
Prev Qtr (Mar 25)
YoY %
QoQ %
Revenue
₹18.26 Cr
₹9.52 Cr
₹14.75 Cr
91.8%
23.8%
EBITDA
₹9.08 Cr
₹4.44 Cr
₹7.71 Cr
104%
17.8%
PAT
₹1.23 Cr
₹0.08 Cr
₹0.72 Cr
1,438%
70.8%
EPS (₹)
0.37
0.03
0.24
1,133%
54.2%
Commentary: EPS is finally visible on the calculator screen—no more decimal point invisibility. But with a P/E of 43.6, the market is pricing this like it’s the next Bajaj Finance while the reality is more like “Bajaj Finance ka chota bhai, still in school.”
