1. At a Glance – Blink and You’ll Miss It (But Don’t)
Morarka Finance Ltd, a ₹28.6 Cr market cap NBFC, is the kind of company that quietly sits in the corner of the market, doing… something… while the rest of Dalal Street is busy screaming about fintech revolutions. Current price ₹63.4, down 37.5% in 3 months and a brutal 56% in 1 year, which means anyone who bought recently has developed character, patience, and possibly trust issues.
Despite the stock collapse, the company trades at 0.27× book value with a reported EPS of ₹4.11, P/E of ~15.4, zero debt, and a dividend yield of 1.58%. On paper, this looks like a value investor’s Tinder profile: “undervalued, debt-free, dividend-paying.” In real life? ROE of 2.17% and ROCE of 2.46%, which is basically your savings account wearing a suit.
Latest quarter (Dec 2025): Sales ₹0.25 Cr, PAT ₹0.07 Cr, EPS ₹0.16. Yes, that’s correct — the quarterly EPS wouldn’t even buy you a cutting chai in Mumbai. So why is this company even listed? Good question. Let’s investigate like a mildly amused financial detective.
2. Introduction – The Curious Case of a Silent NBFC
Morarka Finance Ltd was incorporated in 1985, which means it has survived Harshad Mehta, Ketan Parekh, subprime crisis, demonetisation, COVID, meme stocks, and finfluencers — without ever becoming famous. That itself deserves a slow clap.
The company is registered as an NBFC with the Reserve Bank of India, and its activities include portfolio management, investment in securities, loans, and corporate advisory. Basically, it does everything an NBFC can do — just not at a scale that excites anyone.
Revenue historically has been a cocktail of dividend income, consultancy fees, rentals, and fair value gains. This is not a classic lending NBFC. It’s more like a family office wearing an NBFC license, managing investments and occasionally consulting someone.
Despite asset size
