FY27 PBT Target: ₹300 crore
Management has clear visibility to achieve ₹300 crore PBT during FY27, representing 75% YoY growth from approximately ₹171 crore in FY26.
SGFIN / guidance tracker
Keep management guidance in view.
SG Finserve · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
growth
FY27 PAT Target: ₹225 crore
PAT guidance of approximately ₹225 crore for FY27, translating to a PBT-PAT gap of ₹75 crore (implying ~25% tax and minorities).
AUM CAGR 25-30% over 3-4 years
Management targets 25-30% CAGR growth in AUM over the next 3-4 years, with visibility to reach ₹5,500 crore by FY27 year-end and ₹10,000 crore by FY30.
Leverage Expansion: 2x to 3x
Plan to transit leverage from current 2.2x to 3x over 2 years, which combined with stable 5% RoA will drive ROE from 14% to 16%.
FY26 PAT reduced to ₹120-125 crore from ₹150 crore
Management cited macro slowdown impacting anchor customers who have reduced their own revenue guidance. Guidance revised from original ₹200 crore PBT (₹150 crore PAT) to ₹120-125 crore PAT for full year FY26.
FY27 PBT target of ₹250 crore maintained
Full-year PBT of ₹250 crore for FY27 remains intact, implying approximately ₹190 crore PAT. This will require acceleration in loan book growth to ₹6,000 crore from current ₹2,878 crore.
Exit AUM FY26: ₹3,500 crore
Q4 FY26 exit loan book guided at ₹3,500 crore with potential upside to ₹4,000 crore if economy performs better in final quarter. Q4 quarterly profit expected at ₹35 crore (plus/minus).
Steady-state yield target: 12.25-12.45%
Management targets 12.25-12.45% yield as steady state, up from current 11.5% (Q2 FY26 reduced from 12.4% in Q1 due to new anchor pricing). Expansion via deeper penetration and retailer financing.
AUM target of 7,500 crore by FY30
Company targets 20% CAGR loan book growth to reach 7,500 crore AUM by March 2030, adding approximately 1,000 crore annually from current 3,500 crore base. This represents a downgrade from prior 10,000 crore target.
PAT target of 500 crore by FY30
Management targets 30% PAT CAGR to achieve 500 crore profit after tax by FY30, translating to ~5% ROA and ~15% ROE, compared to current ~4.4% ROA and ~10.5% ROA.
Equity base to reach 1,500 crore
Existing equity of ~1,100 crore plus pending warrant conversion of 388 crore (at 450 rupees) expected by March 2026 will strengthen balance sheet to ~1,500 crore.
No investment in new verticals for 2-3 years
Despite board approval of exploration into ARC, AIF, insurance broking, and fintech subsidiaries, management explicitly stated zero investment or hiring planned in these areas for next 2-3 years while focusing on core supply chain business.