Explicit Finance

What is the technical trend for Explicit Finance?

As of June 6, 2025, Explicit Finance shows a bullish technical trend supported by positive MACD and moving averages, although caution is advised due to mildly bearish KST indicators.

As of 6 June 2025, the technical trend for Explicit Finance has changed from does not qualify to bullish. The weekly and monthly MACD indicators are both bullish, supporting a positive outlook. The daily moving averages also indicate a bullish stance. While the Bollinger Bands show a mildly bullish trend in both weekly and monthly time frames, the KST is mildly bearish on both time frames, which introduces some caution. The Dow Theory aligns with a mildly bullish perspective as well. Overall, the current technical stance is bullish, with moderate strength driven primarily by the MACD and moving averages.

Who are the top shareholders of the Explicit Finance?

The top shareholders of Explicit Finance are Trunadhanya Trading Private Limited with 10.2%, Angelica Trading Private Limited with 14.84%, and individual investors who collectively own 31.27%. There are no institutional holdings or pledged promoter shares.

The top shareholders of Explicit Finance include Trunadhanya Trading Private Limited, which holds the highest promoter stake at 10.2%. The largest public shareholder is Angelica Trading Private Limited, with a holding of 14.84%. Additionally, individual investors collectively own 31.27% of the company. There are no institutional holdings or pledged promoter shares reported.

What does Explicit Finance do?

Explicit Finance Ltd is a micro-cap Non-Banking Finance Company (NBFC) established in 1994, specializing in secondary capital market activities and offering various financial services. As of March 2025, it reported net sales of 2 Cr and a market cap of Rs 8 Cr.

Overview:<BR>Explicit Finance Ltd is a Non-Banking Finance Company (NBFC) engaged in secondary capital market activities and providing a range of financial services, operating within the diversified commercial services industry and classified as a micro-cap company.<BR><BR>History:<BR>Explicit Finance Ltd was incorporated in 1994 and was formerly known as Shubhyog Finlease Ltd. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 2 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 8 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 8.00 <BR>Industry P/E: 18 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.01 <BR>Return on Equity: 1.53% <BR>Price to Book: 1.02 <BR><BR>Contact Details:<BR>Address: 305 Sohan Commercial Plaza, Opp Shivsena Office Vasai (E) Palghar Maharashtra : 401210 <BR>Tel: 91-9320478152 <BR>Email: explicit_finance@rediffmail.com <BR>Website: http://www.explicitfinance.net

Who are in the management team of Explicit Finance?

As of March 2019, the management team of Explicit Finance includes Avinash Mainkar (Director & Company Secretary), Swati Dave (Managing Director), Rajesh Nanda (Managing Director), and several independent directors: Jayesh Jain, Lata Dave, Gopal Dave, Pushparaj Mayekar, and Hetal Bhanushali, along with Jitendra Bbanushali (Additional Director). This diverse team oversees the company's governance and strategic direction.

As of March 2019, the management team of Explicit Finance consists of the following individuals:<BR><BR>1. Avinash Mainkar - Director & Company Secretary<BR>2. Swati Dave - Managing Director<BR>3. Jayesh Jain - Independent Director<BR>4. Lata Dave - Independent Director<BR>5. Gopal Dave - Director<BR>6. Pushparaj Mayekar - Independent Director<BR>7. Jitendra Bbanushali - Additional Director<BR>8. Rajesh Nanda - Managing Director<BR>9. Hetal Bhanushali - Independent Director<BR><BR>This team includes a mix of directors, managing directors, and independent directors, contributing to the governance and strategic direction of the company.

Has Explicit Finance declared dividend?

No Dividend History Available

Who are the peers of the Explicit Finance?

Peers of Explicit Finance include Tashi India, SW Investments, SecUR Credential, Wagend Infra, and Multipurpose Trd. SW Investments leads in 1-year returns at 63%, while SecUR Credential has the lowest at -80.82%; Explicit Finance's return is 18.22%.

Peers: The peers of Explicit Finance are Tashi India, SW Investments, SecUR Credential, Wagend Infra, and Multipurpose Trd.<BR><BR>Quality Snapshot: Excellent management risk is observed at Explicit Finance and Wagend Infra, while Average management risk is found at SecUR Credential. Below Average management risk is noted for Tashi India, SW Investments, and the rest. In terms of Growth, Excellent capital structure is seen at Explicit Finance and Wagend Infra, while Average capital structure is noted for SecUR Credential. Tashi India, SW Investments, and Multipurpose Trd do not qualify in terms of capital structure.<BR><BR>Return Snapshot: SW Investments has the highest 1-year return at 63.00%, while SecUR Credential has the lowest at -80.82%. Explicit Finance's 1-year return of 18.22% is significantly higher than that of SecUR Credential but lower than SW Investments. Additionally, SecUR Credential and Wagend Infra have negative six-month returns.

How big is Explicit Finance?

As of 24th July, Explicit Finance Ltd has a market capitalization of 7.00 Cr, with recent net sales of 6.77 Cr and a net profit loss of 0.01 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Explicit Finance Ltd has a market capitalization of 7.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 6.77 Cr, while the sum of Net Profit for the same period shows a loss of 0.01 Cr.<BR><BR>Balance Sheet Snapshot: The latest annual reporting period is March 2024, with Shareholder's Funds amounting to 7.91 Cr and Total Assets valued at 7.96 Cr.

When is the next results date for Explicit Finance?

The next results date for Explicit Finance is 14 August 2025.

The next results date for Explicit Finance is scheduled for 14 August 2025.

Is Explicit Finance overvalued or undervalued?

As of October 27, 2025, Explicit Finance is considered very expensive with a PE ratio of 51.02 and an EV to EBITDA of 7.81, significantly higher than its peers, indicating that its current valuation may not be justified despite a strong past year performance.

As of 27 October 2025, the valuation grade for Explicit Finance has moved from expensive to very expensive. The company is currently overvalued based on its high valuation metrics. The PE ratio stands at 51.02, while the EV to EBITDA ratio is also notably high at 7.81. Additionally, the PEG ratio is extremely low at 0.07, indicating that the stock may not be justified at its current price levels.<BR><BR>In comparison to its peers, Explicit Finance's valuation appears significantly higher. For instance, Bajaj Finance has a PE ratio of 38.72 and an EV to EBITDA of 20.42, while Life Insurance is valued more attractively with a PE of 11.65 and an EV to EBITDA of 9.08. Despite a strong performance in the past year, with a stock return of 54.28% compared to the Sensex's 6.77%, the current valuation suggests that investors may be overestimating the company's future growth potential.

How has been the historical performance of Explicit Finance?

Explicit Finance has experienced a significant decline in net sales from 22.86 Cr in Mar'23 to 6.77 Cr in Mar'25, with a peak of 9.40 Cr in Mar'24. Despite fluctuations in operating profit, the company reported no taxable income in Mar'25, although cash reserves improved, indicating better liquidity.

Answer:<BR>The historical performance of Explicit Finance shows a fluctuating trend in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Explicit Finance's net sales have seen a significant decline from 22.86 Cr in Mar'23 to 6.77 Cr in Mar'25, with a peak in Mar'24 at 9.40 Cr. The total operating income followed a similar pattern, dropping from 22.86 Cr in Mar'23 to 6.77 Cr in Mar'25. The company's total expenditure, excluding depreciation, also decreased from 22.86 Cr in Mar'23 to 6.78 Cr in Mar'25. Operating profit (PBDIT) has fluctuated, with a slight profit of 0.01 Cr in Mar'25 compared to a loss of 0.27 Cr in Mar'22. Profit before tax and profit after tax were both 0.00 Cr in Mar'25, indicating no taxable income or profit. The company's total assets remained stable at 7.96 Cr in Mar'25 and Mar'24, while total liabilities also held steady at 7.96 Cr. Cash and cash equivalents increased from 1.19 Cr in Mar'24 to 1.88 Cr in Mar'25, suggesting improved liquidity despite the overall decline in sales and profitability.

Are Explicit Finance Ltd latest results good or bad?

Explicit Finance Ltd's latest Q3 FY26 results show a net profit of ₹0.15 crores and an 8.54% increase in net sales, indicating some improvement. However, overall performance remains concerning due to a 27.64% decline in sales year-on-year, low return on equity, and governance issues, suggesting a precarious outlook.

Explicit Finance Ltd's latest results for Q3 FY26 show some signs of improvement, but the overall financial picture remains concerning. The company reported a net profit of ₹0.15 crores, a positive shift from a loss in the previous quarter, and net sales increased by 8.54% quarter-on-quarter to ₹0.89 crores. Additionally, the operating margin improved significantly to 16.85%, up from negative territory in Q2 FY26.<BR><BR>However, despite these sequential gains, the company’s performance is still below expectations when compared to previous years. The net sales are down 27.64% from ₹1.23 crores a year ago, indicating ongoing challenges in revenue generation. Furthermore, the company has a very low return on equity (ROE) of just 0.53%, which is far below industry standards, and it has shown minimal sales growth over the past five years.<BR><BR>The lack of institutional backing and a very low promoter holding of 12.09% raises governance concerns and suggests limited confidence in the company's future. Overall, while there are some positive indicators in the latest results, the fundamental issues regarding growth, profitability, and investor confidence suggest that the outlook for Explicit Finance remains precarious.

Should I buy, sell or hold Explicit Finance Ltd?

Which are the latest news on Explicit Finance?

Why is Explicit Finance Ltd falling/rising?

As of 30-Apr, Explicit Finance Ltd's stock price is currently at 10.41, showing a strong recent performance with a 4.94% increase and a total return of 15.67% over the last three days. Despite a year-to-date decline of 24.51%, the stock has a robust long-term growth of 133.93% over three years and 484.83% over five years, although a significant drop in investor participation raises concerns for future price movements.

As of 30-Apr, Explicit Finance Ltd's stock price is rising, currently at 10.41, with a change of 0.49 (4.94%). The stock has shown strong performance recently, outperforming its sector by 5.67% today and has been on a consecutive gain streak for the last three days, accumulating a total return of 15.67% during this period. Additionally, over the past week, the stock has increased by 16.70%, while the benchmark Sensex has decreased by 0.97%, indicating a significant outperformance relative to the market.<BR><BR>Despite a year-to-date decline of 24.51%, the stock's long-term performance remains robust, with a 3-year increase of 133.93% and a remarkable 5-year increase of 484.83%. The current price is also higher than the 5-day, 20-day, 50-day, and 200-day moving averages, suggesting a positive short-term trend, although it is lower than the 100-day moving average.<BR><BR>However, it is important to note that there has been a significant drop in investor participation, with delivery volume on 29 April falling by 99.41% compared to the 5-day average. This decline in trading activity could be a concern for future price movements. Nonetheless, the current upward trend in price is primarily driven by recent gains and strong relative performance against the benchmark.