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    Financial Services

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    Financial - Capital Markets
Hybrid Financial Services Limited

Hybrid Financial Services Limited

HYBRIDFIN.NS
Hybrid Financial Services LimitedIN flagNational Stock Exchange of India
18.36
INR
-0.50
- -
540.45MMarket Cap
Hybrid Financial Services Limited
HYBRIDFIN.NS
(National Stock Exchange of India)

Recent

price

18.36

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
0.83
0.88
0.55
0.66
0.8
1.16
0.84
1.17
1.9
1.8
1.8
Revenue per Share
- -
0.47
0.41
0.24
0.21
0.13
0.55
0.17
0.66
1.3
0.92
0.92
Basic EPS, GAAP
- -
0.07
0.14
-0.1
-0.15
-0.01
0.03
- -
0.45
-1.25
0.23
- -
Free Cash Flow per Basic Share
- -
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
- -
- -
Dividend per Share
- -
4.09
4.49
3.01
2.88
3.15
3.71
4.01
4.67
7.18
5.01
5.02
Book Value per Share
- -
7.04
8.45
6.26
6.02
8.23
8.22
7.75
10.2
13.28
15.03
15.04
Tangible Book Value per Share
- -
29
29
29
29
29
29
29
29
30
29
29
Basic Weighted Avg Shares
- -
24
26
16
19
24
34
25
34
56
53
53
Sales/Revenue/Turnover
- -
-7.89
-1.83
-72.94
-35.04
11.73
19.85
-1.05
14.5
44.47
56.98
37.6
Operating Margin (%)
- -
1
1
1
1
1
1
1
1
1
1
1
Depreciation Expense
- -
14
12
7
6
4
16
5
19
38
27
27
Net Income, GAAP
- -
16.87
21.41
4.61
5.78
18.83
11.19
25.26
9.86
0.56
- -
0.07
Effective Tax Rate (%)
- -
56.77
46.14
43.63
31.26
16.84
47.84
20.55
56.45
68.37
51.17
51.17
Profit Margin (%)
97
107
114
127
130
137
146
155
166
194
210
210
Working Capital
24
21
21
21
21
21
21
21
21
14
7
7
LT Debt
150
207
249
185
177
242
242
228
300
392
442
442
Total Equity
- -
-0.78
-0.15
-4.7
-3.14
0.97
2.28
-0.08
1.57
6.8
- -
4.64
Return on Invested Capital (%)
- -
10.08
8.14
5.57
5.65
3.64
13.58
3.82
13.05
20.07
- -
14.28
Return on Capital (%)
- -
12.03
9.47
6.36
6.97
4.47
16.18
4.46
15.17
21.95
15.03
15.03
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
7
- -
7
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
- -
29
Market Capitalization
470
570
469

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
221
- -
224
Cash, Cash Equivalents & STI
216
- -
220
Accounts Receivable, Net
2
- -
2
Inventories
- -
- -
- -
Total Current Liabilities
25
- -
14
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.44%
13.8%
12.68%
Free Cash Flow
- -
-3,304.07%
-118.12%
Net Income, GAAP
- -
118.72%
-29.63%
Sales/Revenue/Turnover
- -
22.75%
-5.97%
Total Cash Common Dividend
- -
- -
-33.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9
11
11
4
34
2025
14
18
13
11
56
2026
14
15
12
12
53

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.18
0.11
- -
0.66
2025
0.46
0.38
0.11
0.36
1.3
2026
0.25
0.37
0.15
0.15
0.92

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
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Hybrid Financial Services Limited (HYBRIDFIN.BO)
Business
Hybrid Financial Services Limited, founded in 1986 and headquartered in Mumbai, India, operates primarily in the financial services sector. The company offers a broad array of financial products and services including equipment leasing and hire purchase financing; loan syndication; bill discounting; merchant banking services encompassing corporate finance, investment banking, and advisory; consumer finance; and resource mobilization. Hybrid Financial also provides management consulting, debt recovery advisory, and consultancy across financial, commercial, legal, direct and indirect taxation, and accountancy domains. It serves a diverse client base across India with operations including regional offices in key cities such as Delhi, Chennai, Ahmedabad, and Baroda. In recent developments, Hybrid Financial Services Limited completed the merger of its wholly owned subsidiary with the parent company, following approval by the National Company Law Tribunal (NCLT) in 2025, aimed at streamlining operations and enhancing corporate governance. The company continues to maintain a strong focus on expanding its financial supermarket model to consolidate a wide range of financial solutions under one roof. Hybrid Financial also reported robust revenue growth, with a significant annual increase outperforming its three-year compounded annual growth rate, reflecting strengthened operational efficiency and market presence. The promoter holding stands robust, and the company sustains its strategy of deepening market penetration through selective financial product offerings and strategic business realignments. Hybrid Financial Services Limited is promoted by Mafatlal Industries Ltd and maintains a Category I Merchant Banker registration with the Securities and Exchange Board of India (SEBI). It operates through subsidiaries such as Mafatlal Securities Ltd, which is a member of the National Stock Exchange and Other Stock Exchanges for wholesale debt instruments and equity securities. The company’s integrated service offerings position it within the capital markets and financial services industry segments, targeting corporate clients, financial institutions, and retail consumers for financing and advisory solutions. The firm’s continuous enhancement of its merchant banking and leasing portfolios, alongside strategic consolidations, underscores its commitment to evolving as a comprehensive financial services provider in the Indian market.