Company Details

home / UTKARSH COREINVEST LIMITED

UTKARSH COREINVEST LIMITED

www.utkarshcoreinvest.com
Sector: Holding Company

CHRYSEUM SCORE: 5.50/10.00
×
UTKARSH COREINVEST LIMITED

Sector: Holding Company

CHRYSEUM SCORE: 5.50/10.00

Description: Utkarsh Coreinvest provides financial and non-financial services to the unbanked population who are in need of capital.
Evaluation is basis the latest financial year disclosures filed by the company

Valuation

Max Score: 3.50

P/B of Company

0.93

Avg P/B of Key Peers

2.57

P/B of Industry

0.78

Valuation Score

2.50

The Valuation Score depicts if the company is available at a discount when compared to its listed peer & its Industry Average. Higher the discount, more is the score given to the company.

Growth

Max Score: 3.50

Sales Growth

25.29%

PAT Growth

NA

BVPS Growth

3.80%

Growth Score

1.00

The Growth Score accounts for the growth in Sales, PAT and the BVPS on a 3 year CAGR basis.

Key Metrics

Max Score: 1.50

ROA

1.00

Net NPA

0.00

Capital Adequacy

2.00

Key Metrics Score

0.50

The Other Key Metrics takes into consideration the Return on Asset, Net NPA and CAR of the company.ROA & NNPA are compared to the company’s peer averages.

Management Quality

Max Score: 1.50

Board Structure & Composition

1.00

Related Party Transactions

1.00

Timely Disclosure

1.00

Management Score

1.50

This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹162.00 10 (6.58%)

As on 12 May, 2026

L 152.00 52 Week Range H 202.00

Company Description : Utkarsh CoreInvest Limited is the promoting company of Utkarsh Small Finance Bank. Utkarsh Coreinvest provides financial and non-financial services to the unbanked population who are in need of capital.

Company Overview

Name of Company UTKARSH COREINVEST LIMITED
Sector Holding Company
ISIN INE396P01012
Scrip Code UTKARSH COREINVEST
CIN U65191UP1990PLC045609
Pan No AAECS9298K
Face Value 10
Price ₹ 162.00
No. of Shares outstanding 9.94 Cr.
Market Cap ₹ 1,609.83 Cr

Financials

Revenue from operations ₹ 3,889.41 Cr.
EBITDA ₹ 1,294.41 Cr.
EBITDA Margin % 33.28%
Profit After Tax ₹ -422.30 Cr.
PAT Margin % -10.16%
EPS -42.50
Stock P/E -3.81
Book Value Per Share 173.88
P/B 0.93
Debt/Equity 1.07

Other Key Statistics

52 week High/Low 202.00/152.00
Dividend Per Share
Dividend Yield 0.00%
Sales Growth - 3 years 25.29%
EBITDA Growth - 3 years 10.36%
PAT Growth - 3 years NA
EPS Growth - 3 years NA
ROE -24.44%
ROCE 45.79%
Cash Equivalents 3440.85

All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY25
Company Name	Utkarsh Coreinvest Ltd	Cholamandalam Financial Holdings Ltd
Listing Status	Unlisted	Listed
Revenue from Operations	3,889.41	33,125.33
Total Income	4,155.62	33,459.92
Finance Cost	1,714.39	12,494.06
Depreciation & Amortization	135.48	295.73
Total Expenses	4,711.08	27,060.36
EBITDA	1,294.41	19,189.35
PAT	-422.30	4,739.88
No. of Shares Outstanding	9.94	18.78
EPS (in ₹)	-42.50	252.42
Share Capital	99.37	18.78
Total Net Worth	1,727.91	12,515.28
Total Assets	27,844.34	224,615.95
Total Debt	1,845.42	133,791.98
Key Metrics:
CMP*	162.00	1,735.00
Market Cap (In Cr.)	1,609.83	32,579.39
Market Cap/Sales	0.39	0.97
EPS (Earnings Per Share)	-42.50	252.42
BVPS (Book Value Per Share)	173.88	666.50
P/E	-3.81	6.87
P/BV	0.93	2.60
EBITDA Margin	33.28%	57.93%
ROE	-24.44%	37.87%
ROA	-1.52%	2.11%

*Market Price in ₹ as on 12 May, 2026

Profit Loss

	FY25	FY24	FY23	FY22	FY21
Revenue from operations	3,889.41	3,140.36	2,744.77	1,977.62	1,695.98
Y-o-Y Revenue Growth	23.85%	14.41%	38.79%	16.61%	25.36%
Other Income	266.21	243.19	193.42	117.17	86.25
Total Income	4,155.62	3,383.55	2,938.19	2,094.79	1,782.23
Total Expenses (Excludes Interest and Depreciation)	2,861.21	1,538.09	1,107.85	1,131.83	924.38
Operating Profit (After deducting Depreciation)	892.72	1,493.38	1,562.69	763.24	712.60
OPM %	22.95	47.55	56.93	38.59	42.02
EBITDA	1,294.41	1,845.46	1,830.34	962.96	857.85
Depreciation	135.48	108.89	74.23	82.55	59.00
EBIT	1,158.93	1,736.57	1,756.11	880.41	798.85
Interest	1,714.39	1,298.16	1,024.71	799.30	762.53
EBT before Exceptional Items	-555.46	438.41	731.40	81.11	36.32
Prior period/Exceptional /Extra Ordinary Items	0.00	0.00	0.00	0.00	0.00
Profit before tax/EBT	-555.46	438.41	731.40	81.11	36.32
Tax	-133.16	108.57	177.60	18.91	10.81
Net Profit	-422.30	329.84	553.80	62.20	25.51
Profit (loss) of minority interest	0.00	0.00	0.00	0.00	0.00
Total profit (loss) for period	-422.30	329.84	553.80	62.20	25.51
EPS in Rs	-42.50	33.19	55.73	6.36	2.63
EPS Change %	-228.03%	-40.44%	776.26%	141.83%	-87.41%
EBITDA Change %	-29.86%	0.83%	90.07%	12.25%	-6.21%
Profit growth	-228.03%	-40.44%	790.30%	143.84%	-87.40%
ROCE	45.79%	59.22%	83.18%	56.37%	58.91%
ROE	-24.44%	11.33%	26.67%	4.03%	2.12%
Debt / Equity Ratio	1.07	1.20	1.31	1.42	2.02
Sales growth 3Years	25.29%	22.80%
Sales growth 5Years	23.52%	27.49%
Dividend per share		0.50

Balance Sheet

	FY25	FY24	FY23	FY22	FY21
Share Capital	99.37	98.74	98.42	98.33	97.65
Reserves	1,628.54	2,812.34	1,978.04	1,446.30	1,107.92
Total shareholders' funds	1,727.91	2,911.09	2,076.46	1,544.63	1,205.57
Borrowings	1,845.42	3,490.45	2,726.57	2,198.76	2,435.99
Other Liabilities	337.85	390.69	270.87	10,965.98	8,267.32
Total Liabilities	25,336.12	22,432.36	17,639.23	13,387.40	10,709.80
Fixed Assets	596.17	501.49	516.52	442.92	278.16
Capital WIP	63.01	10.28	1.83	0.92	55.10
Investments	5,022.47	3,650.16	2,796.25	2,328.45	2,370.41
Other Assets	301.60	319.35	201.54	185.33	136.37
Total Assets	27,844.34	25,343.45	19,715.70	14,932.04	12,049.42
Cash Equivalents	3,440.85	3,029.05	2,516.70	1,871.96	1,170.49
Total Current liability	25,313.36	22,411.19	17,604.47	13,370.08	10,693.45
Total Assets -Total Current liabilty	2,530.98	2,932.26	2,111.23	1,561.96	1,355.97

Cash Flow

	FY25	FY24	FY23	FY22	FY21
Net Cash from / (used in) Operating Activity	3,014.10	210.85	952.22	724.34	1,530.20
Net Cash from / (used in) Investing Activity	-940.73	-393.22	-443.82	163.25	-839.83
Net Cash from / (used in) Financing Activity	-1,588.10	516.27	135.87	-186.32	-1,135.43
Net Inc/Dec In Cash And Cash Equivalents	485.27	333.90	644.28	701.26	-445.06

Share Holding Pattern

	No. of Shares in Crs.	% Holding
Promoters	0.00	0.00%
Non Promoters	9.94	100.00%

News

UTKARSH COREINVEST LIMITED

www.utkarshcoreinvest.com
Sector: Holding Company

CHRYSEUM SCORE: 5.50/10.00
×
UTKARSH COREINVEST LIMITED

Sector: Holding Company

CHRYSEUM SCORE: 5.50/10.00

Description: Utkarsh Coreinvest provides financial and non-financial services to the unbanked population who are in need of capital.
Evaluation is basis the latest financial year disclosures filed by the company

Valuation

Max Score: 3.50

P/B of Company

0.93

Avg P/B of Key Peers

2.57

P/B of Industry

0.78

Valuation Score

2.50

The Valuation Score depicts if the company is available at a discount when compared to its listed peer & its Industry Average. Higher the discount, more is the score given to the company.

Growth

Max Score: 3.50

Sales Growth

25.29%

PAT Growth

NA

BVPS Growth

3.80%

Growth Score

1.00

The Growth Score accounts for the growth in Sales, PAT and the BVPS on a 3 year CAGR basis.

Key Metrics

Max Score: 1.50

ROA

1.00

Net NPA

0.00

Capital Adequacy

2.00

Key Metrics Score

0.50

The Other Key Metrics takes into consideration the Return on Asset, Net NPA and CAR of the company.ROA & NNPA are compared to the company’s peer averages.

Management Quality

Max Score: 1.50

Board Structure & Composition

1.00

Related Party Transactions

1.00

Timely Disclosure

1.00

Management Score

1.50

This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹162.00 10 (6.58%)

As on 12 May, 2026

L 152.00 52 Week Range H 202.00

Company Description : Utkarsh CoreInvest Limited is the promoting company of Utkarsh Small Finance Bank. Utkarsh Coreinvest provides financial and non-financial services to the unbanked population who are in need of capital.

Company Overview

Name of Company UTKARSH COREINVEST LIMITED
Sector Holding Company
ISIN INE396P01012
Scrip Code UTKARSH COREINVEST
CIN U65191UP1990PLC045609
Pan No AAECS9298K
Face Value 10
Price ₹ 162.00
No. of Shares outstanding 9.94 Cr.
Market Cap ₹ 1,609.83 Cr

Financials

Revenue from operations ₹ 3,889.41 Cr.
EBITDA ₹ 1,294.41 Cr.
EBITDA Margin % 33.28%
Profit After Tax ₹ -422.30 Cr.
PAT Margin % -10.16%
EPS -42.50
Stock P/E -3.81
Book Value Per Share 173.88
P/B 0.93
Debt/Equity 1.07

Other Key Statistics

52 week High/Low 202.00/152.00
Dividend Per Share
Dividend Yield 0.00%
Sales Growth - 3 years 25.29%
EBITDA Growth - 3 years 10.36%
PAT Growth - 3 years NA
EPS Growth - 3 years NA
ROE -24.44%
ROCE 45.79%
Cash Equivalents 3440.85

All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY25
Company Name	Utkarsh Coreinvest Ltd	Cholamandalam Financial Holdings Ltd
Listing Status	Unlisted	Listed
Revenue from Operations	3,889.41	33,125.33
Total Income	4,155.62	33,459.92
Finance Cost	1,714.39	12,494.06
Depreciation & Amortization	135.48	295.73
Total Expenses	4,711.08	27,060.36
EBITDA	1,294.41	19,189.35
PAT	-422.30	4,739.88
No. of Shares Outstanding	9.94	18.78
EPS (in ₹)	-42.50	252.42
Share Capital	99.37	18.78
Total Net Worth	1,727.91	12,515.28
Total Assets	27,844.34	224,615.95
Total Debt	1,845.42	133,791.98
Key Metrics:
CMP*	162.00	1,735.00
Market Cap (In Cr.)	1,609.83	32,579.39
Market Cap/Sales	0.39	0.97
EPS (Earnings Per Share)	-42.50	252.42
BVPS (Book Value Per Share)	173.88	666.50
P/E	-3.81	6.87
P/BV	0.93	2.60
EBITDA Margin	33.28%	57.93%
ROE	-24.44%	37.87%
ROA	-1.52%	2.11%

*Market Price in ₹ as on 12 May, 2026

Profit Loss

	FY25	FY24	FY23	FY22	FY21
Revenue from operations	3,889.41	3,140.36	2,744.77	1,977.62	1,695.98
Y-o-Y Revenue Growth	23.85%	14.41%	38.79%	16.61%	25.36%
Other Income	266.21	243.19	193.42	117.17	86.25
Total Income	4,155.62	3,383.55	2,938.19	2,094.79	1,782.23
Total Expenses (Excludes Interest and Depreciation)	2,861.21	1,538.09	1,107.85	1,131.83	924.38
Operating Profit (After deducting Depreciation)	892.72	1,493.38	1,562.69	763.24	712.60
OPM %	22.95	47.55	56.93	38.59	42.02
EBITDA	1,294.41	1,845.46	1,830.34	962.96	857.85
Depreciation	135.48	108.89	74.23	82.55	59.00
EBIT	1,158.93	1,736.57	1,756.11	880.41	798.85
Interest	1,714.39	1,298.16	1,024.71	799.30	762.53
EBT before Exceptional Items	-555.46	438.41	731.40	81.11	36.32
Prior period/Exceptional /Extra Ordinary Items	0.00	0.00	0.00	0.00	0.00
Profit before tax/EBT	-555.46	438.41	731.40	81.11	36.32
Tax	-133.16	108.57	177.60	18.91	10.81
Net Profit	-422.30	329.84	553.80	62.20	25.51
Profit (loss) of minority interest	0.00	0.00	0.00	0.00	0.00
Total profit (loss) for period	-422.30	329.84	553.80	62.20	25.51
EPS in Rs	-42.50	33.19	55.73	6.36	2.63
EPS Change %	-228.03%	-40.44%	776.26%	141.83%	-87.41%
EBITDA Change %	-29.86%	0.83%	90.07%	12.25%	-6.21%
Profit growth	-228.03%	-40.44%	790.30%	143.84%	-87.40%
ROCE	45.79%	59.22%	83.18%	56.37%	58.91%
ROE	-24.44%	11.33%	26.67%	4.03%	2.12%
Debt / Equity Ratio	1.07	1.20	1.31	1.42	2.02
Sales growth 3Years	25.29%	22.80%
Sales growth 5Years	23.52%	27.49%
Dividend per share		0.50

Balance Sheet

	FY25	FY24	FY23	FY22	FY21
Share Capital	99.37	98.74	98.42	98.33	97.65
Reserves	1,628.54	2,812.34	1,978.04	1,446.30	1,107.92
Total shareholders' funds	1,727.91	2,911.09	2,076.46	1,544.63	1,205.57
Borrowings	1,845.42	3,490.45	2,726.57	2,198.76	2,435.99
Other Liabilities	337.85	390.69	270.87	10,965.98	8,267.32
Total Liabilities	25,336.12	22,432.36	17,639.23	13,387.40	10,709.80
Fixed Assets	596.17	501.49	516.52	442.92	278.16
Capital WIP	63.01	10.28	1.83	0.92	55.10
Investments	5,022.47	3,650.16	2,796.25	2,328.45	2,370.41
Other Assets	301.60	319.35	201.54	185.33	136.37
Total Assets	27,844.34	25,343.45	19,715.70	14,932.04	12,049.42
Cash Equivalents	3,440.85	3,029.05	2,516.70	1,871.96	1,170.49
Total Current liability	25,313.36	22,411.19	17,604.47	13,370.08	10,693.45
Total Assets -Total Current liabilty	2,530.98	2,932.26	2,111.23	1,561.96	1,355.97

Cash Flow

	FY25	FY24	FY23	FY22	FY21
Net Cash from / (used in) Operating Activity	3,014.10	210.85	952.22	724.34	1,530.20
Net Cash from / (used in) Investing Activity	-940.73	-393.22	-443.82	163.25	-839.83
Net Cash from / (used in) Financing Activity	-1,588.10	516.27	135.87	-186.32	-1,135.43
Net Inc/Dec In Cash And Cash Equivalents	485.27	333.90	644.28	701.26	-445.06

Share Holding Pattern

	No. of Shares in Crs.	% Holding
Promoters	0.00	0.00%
Non Promoters	9.94	100.00%

News

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Company Details

home / UTKARSH COREINVEST LIMITED

UTKARSH COREINVEST LIMITED

UTKARSH COREINVEST LIMITED

Evaluation is basis the latest financial year disclosures filed by the company

Valuation

Max Score: 3.50

P/B of Company

Avg P/B of Key Peers

P/B of Industry

Valuation Score

Growth

Max Score: 3.50

Sales Growth

PAT Growth

BVPS Growth

Growth Score

Key Metrics

Max Score: 1.50

ROA

Net NPA

Capital Adequacy

Key Metrics Score

Management Quality

Max Score: 1.50

Board Structure & Composition

Related Party Transactions

Timely Disclosure

Management Score

₹162.00 10 (6.58%)

As on 12 May, 2026

Company Description : Utkarsh CoreInvest Limited is the promoting company of Utkarsh Small Finance Bank. Utkarsh Coreinvest provides financial and non-financial services to the unbanked population who are in need of capital.

Peer Comparison

Profit Loss

Balance Sheet

Cash Flow

Share Holding Pattern

News

UTKARSH COREINVEST LIMITED

UTKARSH COREINVEST LIMITED

Evaluation is basis the latest financial year disclosures filed by the company

Valuation

Max Score: 3.50

P/B of Company

Avg P/B of Key Peers

P/B of Industry

Valuation Score

Growth

Max Score: 3.50

Sales Growth

PAT Growth

BVPS Growth

Growth Score

Key Metrics

Max Score: 1.50

ROA

Net NPA

Capital Adequacy

Key Metrics Score

Management Quality

Max Score: 1.50

Board Structure & Composition

Related Party Transactions

Timely Disclosure

Management Score

₹162.00 10 (6.58%)

As on 12 May, 2026

Company Description : Utkarsh CoreInvest Limited is the promoting company of Utkarsh Small Finance Bank. Utkarsh Coreinvest provides financial and non-financial services to the unbanked population who are in need of capital.

Peer Comparison

Profit Loss

Balance Sheet

Cash Flow

Share Holding Pattern

News