Esaar (India) Ltd.

BSE: 531502
Esaar (India) Ltd. - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L67120MH1951PLC222871 Incorporated 23 August 1951 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 531502 Public Limited Company financial services MSME · Small
Market Cap
₹92.79 Cr
ESARIND · BSE
Share Price
₹11.89
+3.03% today
Revenue
₹41.26 Cr
FY 2025-26 · +165.2% YoY
EBITDA
₹25.02 Cr
Margin 60.6%
Net Profit
₹11.14 Cr
FY 2025-26 · +595.1% YoY
P/E (TTM)
3.1x
P/B 0.9x
ROE
35.4%
ROCE 30.9%
Debt / Equity
1.61
Interest cover 39.2x

About Esaar (India) Ltd.

Data last updated:

Esaar (India) Ltd. is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 23 August 1951 and has been in existence for over 75 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L67120MH1951PLC222871. Its GSTIN is 27AABCE0478J1ZK (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 531502.

The company has an authorised share capital of ₹81.5 Cr and a paid-up capital of ₹20.44 Cr. It is led by directors including Bipin Dinesh Varma (Whole-Time Director) and Dipti Shashank Yelve.

Its last annual general meeting (AGM) was held on 16 October 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Shop No. 06 Prathamesh Avenue Datta Mandir Road Malad East, Mumbai, Maharashtra, India – 400097.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹41.26 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹11.14 Cr (net margin 27%) and EBITDA of ₹25.02 Cr (EBITDA margin 60.6%). The net worth stands at ₹39.55 Cr (up 69% YoY). Total assets are valued at ₹86.44 Cr (up 11.2% YoY).

The company is associated with 1 brand: Esaar India. As per MCA filings, the company has satisfied charges of ₹10.34 Lakh on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 3 cases are pending. The company has 82 deals on record (82 market trades); the latest was in September 2026.

Esaar (India) Ltd. is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0143722). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website esaarindia.com.

Company details

CIN L67120MH1951PLC222871
Registration Number 222871
Incorporation Date 23 August 1951
ROC Mumbai
Listing Status Listed - Listed on BSE (531502)
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0143722

CIN history

Esaar (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L67120MH1951PLC222871, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L67120MH1951PLC222871Current
L67120WB1951PLC019930Previous
U67120WB1951PLC019930Previous
Key People
Bipin Dinesh Varma Whole-Time Director Dipti Shashank Yelve Director Vaibhav Shastri Director

Recognitions & Rankings of Esaar (India)

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-19-0143722

Contact details

Esaar (India) Ltd.'s registered office is in Mumbai, Maharashtra. Its website is esaarindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    esaarindia.com
  • Registered Address
    Shop No. 06 Prathamesh Avenue Datta Mandir Road Malad East, Mumbai, Maharashtra, India – 400097
  • Industry
    Financial Services, Investment & Credit NBFC, NBFC

To see the full contact details of Esaar (India) Ltd., buy the company report.

Comprehensive company report
Esaar (India) Ltd. - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Esaar (India) operates one associated brand: Esaar India. Each brand links to its own profile.

BrandDescriptionWebsite
Esaar India
Money lending firmesaarindia.com

Business activity

The main business activity of Esaar (India) is financial and insurance service. In detail, this covers financial and credit leasing activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK5Financial and Credit leasing activities

To see the full business activity and turnover split of Esaar (India) Ltd., buy the company report.

Financials of Esaar (India) Ltd.

FY 2025-26 filings available

Esaar (India) Ltd. reported revenue of ₹41.26 Cr (up 165.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹41.26 Cr
+165.2% YoY
EBITDA
₹25.02 Cr
+3526.1% YoY
Profit After Tax
₹11.14 Cr
+595.1% YoY
Net Worth
₹39.55 Cr
+69.0% YoY
Total Assets
₹86.44 Cr
+11.2% YoY
Total Debt
₹46.88 Cr
-13.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue41.2615.566.8019.248.9922.6911.96
Revenue growth+165.2%+128.8%-64.7%+114.0%-60.4%+89.7%-
EBITDA25.020.69(1.60)11.02(3.98)(10.61)(9.40)
EBITDA margin+60.6%+4.4%-23.5%+57.3%-44.3%-46.8%-78.6%
Profit before tax15.61(1.56)0.815.7921.351.850.23
Net profit11.14(2.25)(0.50)4.4721.011.541.77
Net profit margin+27.0%-14.5%-7.4%+23.2%+233.7%+6.8%+14.8%
EPS (₹)5.45(1.10)(0.24)2.1910.280.760.87
Balance sheet
Total assets86.4477.7375.0915112448.9639.34
Net worth39.5523.4033.1144.6142.2119.3714.34
Total debt46.8854.3341.9810781.4229.5925.00
Cash & bank5.560.330.121.820.770.170.62
Net working capital(13.75)(28.47)(20.67)4.387.755.77(0.23)
Cash flow
Cash from operations0.22(1.82)75.25(41.30)(29.39)(12.17)(40.41)
Cash from investing7.13(10.32)(3.57)8.37(16.94)7.12(9.00)
Cash from financing(7.45)12.35(72.38)32.9346.934.6047.03
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6.2921.462.7714.521.962.521.474.74
Revenue growth (YoY)+220.9%+751.6%+88.4%+206.3%-67.6%---
Other income1.6113.360.370.260.120.000.0516.33
Total expenses2.9614.59(1.44)0.3815.761.371.4720.99
EBITDA3.336.874.2114.14(13.80)1.150.00(16.25)
EBITDA margin+52.9%+32.0%+152.0%+97.4%-704.1%+45.6%0.0%-342.8%
Depreciation0.050.050.050.050.050.050.050.05
Interest3.13(1.41)2.974.783.382.790.470.93
Profit before tax1.7621.591.569.57(17.11)(1.69)(0.47)(0.90)
Tax0.11(3.41)10.17(2.27)0.000.550.08(0.02)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6.2921.462.7714.521.962.521.474.74
Revenue growth (YoY)+220.9%+751.6%+88.4%+206.3%-67.6%---
Other income1.6113.360.370.260.120.000.0516.33
Total expenses2.9614.59(1.44)0.3815.761.371.4720.99
EBITDA3.336.874.2114.14(13.80)1.150.00(16.25)
EBITDA margin+52.9%+32.0%+152.0%+97.4%-704.1%+45.6%0.0%-342.8%
Depreciation0.050.050.050.050.050.050.050.05
Interest3.13(1.41)2.974.783.382.790.470.93
Profit before tax1.7621.591.569.57(17.11)(1.69)(0.47)(0.90)
Tax0.11(3.41)10.17(2.27)0.000.550.08(0.02)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue41.2615.566.8019.248.9922.6911.96
Revenue growth+165.2%+128.8%-64.7%+114.0%-60.4%+89.7%-
Other income0.533.339.472.1127.9715.1310.34
Total expenses16.2414.878.408.2212.9733.3021.36
Employee cost0.060.010.460.000.000.000.00
EBITDA25.020.69(1.60)11.02(3.98)(10.61)(9.40)
EBITDA margin+60.6%+4.4%-23.5%+57.3%-44.3%-46.8%-78.6%
Depreciation0.200.200.200.040.010.000.00
Interest9.745.386.867.302.632.670.71
Profit before tax15.61(1.56)0.815.7921.351.850.23
Tax4.470.691.311.320.340.31(1.54)
Net profit11.14(2.25)(0.50)4.4721.011.541.77
Net profit margin+27.0%-14.5%-7.4%+23.2%+233.7%+6.8%+14.8%
EPS (₹)5.45(1.10)(0.24)2.1910.280.760.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.4420.4420.4420.4420.4420.4420.44
Reserves & surplus19.112.9612.6716.5521.77(1.07)(6.10)
Shareholders' funds (net worth)39.5523.4033.1144.6142.2119.3714.34
Secured loans0.641.000.0022.0524.7929.590.00
Unsecured loans46.2453.3341.9884.6956.630.0025.00
Total debt46.8854.3341.9810781.4229.5925.00
Total liabilities86.4477.7375.0915112448.9639.34
Assets
Gross block2.162.162.252.210.380.080.07
Net block1.511.711.912.070.270.010.00
Capital work in progress0.000.000.000.000.000.000.00
Investments10.7417.1917.6917.5127.6811.0118.14
Inventories13.090.380.250.401.640.860.48
Sundry debtors0.020.580.008.878.8714.850.13
Cash & bank balances5.560.330.121.820.770.170.62
Loans & advances0.871.2410.150.540.650.4411.73
Total current assets19.542.5310.5211.6311.9316.3212.96
Total current liabilities33.2931.0031.197.254.1810.5513.19
Net working capital(13.75)(28.47)(20.67)4.387.755.77(0.23)
Total assets86.4477.7375.0915112448.9639.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.290.080.780.770.170.623.01
Net cash from operating activities0.22(1.82)75.25(41.30)(29.39)(12.17)(40.41)
Net cash from investing activities7.13(10.32)(3.57)8.37(16.94)7.12(9.00)
Net cash from financing activities(7.45)12.35(72.38)32.9346.934.6047.03
Net change in cash(0.10)0.21(0.70)0.010.60(0.45)(2.39)
Closing cash5.560.330.121.820.770.170.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+165.2%+128.8%-64.7%+114.0%-60.4%+89.7%-
EBITDA growth+3526.1%+143.1%-114.5%+376.9%+62.5%-12.9%-
PBT growth+9998.0%--86.0%-72.9%+1054.1%+704.4%-25.8%
Net income growth+595.1%-350.0%-111.2%-78.7%+1264.3%-13.0%-
Revenue CAGR (3Y)+29.0%+20.1%-33.1%+17.2%-+171.8%+36.4%
EBITDA CAGR (3Y)+31.4%--46.8%----
Profitability & leverage
Net income margin+27.0%-14.5%-7.4%+23.2%+233.7%+6.8%+14.8%
Return on capital employed+30.9%+5.0%+6.8%+9.5%+26.7%+8.7%+2.4%
Return on net worth+35.4%-7.9%-1.2%+10.3%+60.9%+6.2%+7.9%
Debt / equity1.611.701.912.171.801.621.23
Long-term debt / equity1.481.691.912.171.801.621.23
Interest cover39.241,097.96-381.1166.48-65.91-25.16-7.55
Efficiency & per share
Fixed asset turnover19.358.577.3016.49160.70504.27318.57
Inventory turnover6.2059.9750.0620.9329.5756.453.90
Debtors turnover139.3065.143.672.413.125.0548.48
EPS (₹)5.45(1.10)(0.24)2.1910.280.760.87
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)19.3511.4516.2018.1020.659.477.02

To see the full year-wise statements and ratios of Esaar (India) Ltd., buy the company report.

Board of directors of Esaar (India) Ltd.

Esaar (India) has 5 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dipti Shashank YelveDirector04 Nov 20188 Years 0 MonthsCurrent
Vaibhav Shastri
Also directs: Yellow Dolce LLP, Muchira Private Limited, Edovu Ventures Private Limited and 5 more
Director29 Apr 20215 Years 6 MonthsCurrent
Bipin Dinesh Varma
Also directs: Marrakesh Next Gen Ventures Private Limited
Whole-Time Director27 Jan 20233 Years 9 MonthsCurrent
Rajesh Kumar Amarnath Pandey
Also directs: Dishabodh India CSR Network Foundation
Director27 Jan 20233 Years 9 MonthsCurrent
Shivanshu Pandey
Also directs: Kriarj Entertainment Private Limited, Cafe 9 Media Hub Private Limited, Prabhat Management Consultancy Private Limited and 4 more
Director23 Dec 20250 Years 10 MonthsCurrent
View all directors

Auditor

Esaar (India) Ltd. is audited by Harish Arora & Associates for the financial year 2019.

Auditor firmFinancial yearFirm registration number
Harish Arora & AssociatesFY 2019015226C

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 4.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 95.90%.

Promoters: 4.10%Retail & Others: 95.90%
Mar 2026
QUARTER
4.10% Promoters
95.90% Retail & Others
Promoter holding - history
Now 4.10% · Mar 2026High 4.20% · Dec 2025Low 3.10% · Jun 2025
2%3%4%5%6%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 3.10%Sep 2025: 3.10%Dec 2025: 4.20%Mar 2026: 4.10%4.20%3.10%4.10%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters4.10%4.20%3.10%3.10%
Public95.90%95.80%96.90%96.90%

Charges & borrowings

Open charges
None
Satisfied charges
₹10.34 Lakh
Breakdown by lending institutions
The Federal Bank Ltd₹0.08 Cr
Citi Bank N.A.₹0.03 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Mar 199690251132The Federal Bank Ltd₹7.67 LakhSatisfied
26 Sep 199590251115Citi Bank N.A.₹2.67 LakhSatisfied

To see the full charge records of Esaar (India) Ltd., buy the company report.

Total charge records: 2 View all charges

Deals & funding

Esaar (India) Ltd. has 82 deals on record (82 market trades); the latest was in September 2026.

Total deals
82
Market trades
82

Deals on record (5 of 82)

WhenDealAmountParties
Sep 2026Market trade₹57 LakhBuyer: Se Finvest Private Limited
Seller: an individual
Sep 2026Market trade₹85.5 LakhBuyer: MMG Realtech Private Limited
Sep 2026Market trade₹36.1 LakhBuyer: MSB E-Trade Securities Limited , an individual
Seller: MSB E-Trade Securities Limited
Sep 2026Market trade₹44.6 LakhBuyer: MSB E-Trade Securities Limited , an individual
Seller: MSB E-Trade Securities Limited
Sep 2026Market trade₹37 LakhBuyer: MSB E-Trade Securities Limited , an individual
Seller: MSB E-Trade Securities Limited

To see the full deal history of Esaar (India) Ltd., buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Esaar (India) Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Esaar (India) has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AABCE0478J1ZKMaharashtraActive02 Aug 2017

To see the full GST registrations and return filing status of Esaar (India) Ltd., buy the company report.

Recent activity

Esaar (India) Ltd. has 55 board changes on record since 1990: 30 appointments and 25 cessations. The latest: Shivanshu Pandey was appointed as Director on 23 Dec 2025.

Filing
Esaar (India) Ltd. has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Shivanshu Pandey was appointed as Director.
AGM
Esaar (India) Ltd. last Annual general meeting of members was held on 16 Oct 2025 as per latest MCA records.
Ceased
Mithlesh Kumar Ayodhya Prasad Jaiswal ceased to be CFO.
Appointed
Mithlesh Kumar Ayodhya Prasad Jaiswal was appointed as CFO.
Ceased
Mehul Hasmukh Shah ceased to be Director.
Ceased
Shruti Rahul Joshi ceased to be Whole-Time Director.
Ceased
Raju Kishan Darade ceased to be Director.
Appointed
Bipin Dinesh Varma was appointed as Whole-Time Director.
Appointed
Rajesh Kumar Amarnath Pandey was appointed as Director.
Ceased
Raghvendra Kumar ceased to be Whole-Time Director.
Ceased
Mehulkumar Harishkumar Kadiya ceased to be Director.

50 earlier events are in the company report.

News

Frequently asked questions

Esaar (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 23 August 1951 (75+ years old) and is registered under CIN L67120MH1951PLC222871. Listed on BSE: 531502.

Esaar (India) reported revenue of ₹41.26 Cr for FY 2025-26 (up 165.2% YoY) based on standalone financials.

Esaar (India) has 5 current directors:

The latest financial statements of Esaar (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 October 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Esaar (India) is 27AABCE0478J1ZK, registered in Maharashtra.

The CIN (Corporate Identification Number) of Esaar (India) is L67120MH1951PLC222871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Esaar (India) is a listed company as per MCA records. Its shares are listed on BSE (code: 531502).

Esaar (India) has 13 court cases on record: 9 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.

Esaar (India) was incorporated on 23 August 1951, making it 75+ years old. It is registered with the Registrar of Companies, Mumbai.

Esaar (India) has 82 deals on record (82 market trades); the latest was in September 2026.