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    Financial - Conglomerates
Lerthai Finance Ltd.

Lerthai Finance Ltd.

LERTHAI.BO
Lerthai Finance Ltd.IN flagBombay Stock Exchange
683.50
INR
+32.50
- -
478.45MMarket Cap
Lerthai Finance Ltd.
LERTHAI.BO
(Bombay Stock Exchange)

Recent

price

683.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
17.01
- -
- -
- -
- -
Revenue per Share
1.63
0.25
-0.03
0.17
-0.21
0.02
0.13
-1.48
-7.48
-8.18
-8.85
-6.74
9.85
10.85
-0.27
- -
-6.49
Basic EPS, GAAP
-108.7
-26.11
-0.83
-0.58
-1.07
-1.42
-13.77
-3.36
-5.78
-16.07
-15.1
-7.72
-13.59
-9.39
-6.22
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
147.97
148.22
148.2
148.36
148.15
148.17
148.3
146.82
139.35
131.16
122.31
115.57
125.42
136.27
136.73
- -
10.69
Book Value per Share
156.57
156.83
156.8
156.97
156.76
156.78
156.9
155.43
147.95
139.77
130.92
124.18
134.03
144.84
145.38
- -
148.11
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
- -
1
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
12
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
42.04
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
- -
- -
- -
- -
- -
- -
-1
-5
-6
-6
-5
7
8
- -
-4
-4
Net Income, GAAP
2.23
- -
142.04
33.94
- -
30.89
30.37
- -
- -
- -
- -
- -
19.36
21.65
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
57.9
- -
- -
- -
- -
Profit Margin (%)
31
14
14
15
15
15
15
14
98
90
87
83
94
73
71
68
68
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
110
110
110
110
110
110
110
109
104
98
92
87
94
101
101
97
97
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
1.12
0.17
-0.02
0.11
- -
0.02
0.09
- -
- -
- -
- -
- -
8.17
8.29
- -
- -
- -
Return on Capital (%)
1.11
0.17
-0.02
0.11
-0.14
0.01
0.09
-1
-5.22
-6.05
-6.98
-5.67
8.17
8.29
-0.2
-8.32
-8.32
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
454
363
314

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
71
70
70
Cash, Cash Equivalents & STI
70
69
69
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
2
2
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
-1.1%
1.3%
-4.2%
Free Cash Flow
104.77%
1.59%
45.73%
Net Income, GAAP
153.04%
359.76%
2,161.17%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.25
-0.48
0.53
- -
10.85
2025
-0.55
2.63
0.33
-2.68
-0.27
2026
-0.81
-0.37
-1.36
-4.71
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Lerthai Finance Ltd. is an India-based investment company engaged in financing and long-term value-oriented capital deployment across high-growth sectors including real estate, fintech, and capital markets. Incorporated in 1979 and listed on the Bombay Stock Exchange (ticker: LERTHAI.BO, code: 502250), the company, headquartered in Bengaluru, operates primarily in India as a subsidiary of Calvera Capital Pte. Ltd., Singapore; it provides investment services focused on scalable opportunities emphasizing innovation, governance, and sustainable shareholder value creation. Core activities encompass financing and investments in secondary markets, real estate projects, technology-oriented venture capital, and capital market instruments. Formerly known as Marathwada Refractories Ltd., which produced, manufactured, and traded refractories and bricks, the company amended its memorandum of association in fiscal 2019 to discontinue unprofitable operations and pivot to its current financing and investment business; recent developments include filing of the fiscal 2025 annual report in August 2025 with notice for the 46th annual general meeting on September 9, 2025, alongside reappointment of directors and auditors, and reporting an unaudited net loss of Rs 5.65 lakh for the first quarter of fiscal 2026 ended June 30, 2025.