Integra Capital Limited

Financial Services — Asset Management · BSE

₹12.65₹0.00 (0.00%)

DalalBaazaar Score

65 / 100

🟢 Good

Verdict

REASONABLE

Risk

Moderate

Driven by micro-cap size, which brings thin liquidity.

In simple words: The business is earning a fairly low return on the money invested in it, but sales are shrinking. Whether sales start growing again is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 7:00 pm

Understanding the Business

Company site ↗

The 60-second version of Integra Capital Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Integra Capital Limited, a non-banking financial company, provides financial services to individuals and businesses in India.

IndustryAsset Management

SectorFinancial Services

Employees4

Annual revenue-₹0 Cr

How does it make money?

Turns over -₹0 Cr a year. Of every ₹100 of sales, about ₹-417 reaches shareholders as profit, with ₹-470 left at the operating level before interest, tax and depreciation. Each of its 4 employees supports ₹-2,57,400 of revenue a year, the signature of a people-led business.

Revenue / employee₹-2,57,400

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, HDFC BANK LTD, ICICI BANK LTD., STATE BANK OF INDIA. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Not assessable from these ratios

For a lender, returns on capital are shaped by leverage and funding cost rather than by pricing power, so the usual financial signature of an advantage does not apply. Judge this one on deposit franchise, cost of funds and asset quality — none of which are in this data.

Peer median ROE16.5%

DalalBaazaar Score

65/ 100

Good

Weighted across six categories. Every point is explained below.

✓ Beta of 0.15 — historically steadier than the index
✗ Micro Cap: thinner liquidity and sharper drawdowns are normal
✗ Profits have swung sharply from year to year — earnings are hard to forecast

Quality vs. Valuation

Company Quality

67/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

62/ 100

Fair

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

Historical Valuation

Current P/E

15.4x

2Y Median

13.9x

28 monthly readings · mean 17.7x · range 6.5x–32.0x

Sector Median

17.0x

median of 4 sector peers

⚠️Current valuation is approximately 11% above its 2y median of 13.9x. Paying more than usual needs a reason — faster growth, a better balance sheet, or a re-rating you believe in.

🟡Against its sector it is priced broadly in line with the peer median of 17.0x.

vs. its own history

Fair

13.9x median over 28 months · +11%

vs. sector peers

Fair

17.0x median of 4 peers · -9%

vs. generic bands

Fair

15x–35x

EV/EBITDA

12.2x

PEG

—

What's Good / What's Bad

🟢 What's Going Well2

Return on equity is rising
ROE has improved from -8.0% to 7.9%.
Return on capital is rising
ROCE has improved from -9.5% to 8.9%.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

1 item require attention · 1 high

🔴Significant margin compressionFinancial
EBITDA margin has fallen 884.9 points, from 414.6% to -470.3%.

Investment Thesis

🟢 Bull CaseWhat could make this work?

No clear supporting case emerges from the available numbers.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 414.6% to -470.3%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above -472%✓ -470.3%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Return on equity stays above 8%✗ 7.9%
For a lender this is the cleanest single read on whether the book is being grown profitably.
3Valuation vs its own median of 13.9x✓ 15.4x today
A re-rating above its own history needs a reason; without one it is just a higher price.

Investment Checklist

6 / 10 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✓ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

4 good · 5 neutral · 2 weak

Market Cap

₹6 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

15.4x

Fair

Fairly valued against the generic band

P/B Ratio

1.09x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹0.82

Profitable

Profitable on a per-share basis

ROE

7.9%

Weak

Weak capital efficiency

ROCE

8.9%

Moderate

Moderate return on the capital in the business

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

-91.1%

Shrinking

Sales are contracting

Profit Growth (YoY)

83.3%

Healthy

Profits growing at a healthy clip

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹0 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

-143.7%

Weak

Thin margins leave little room for error

Net Margin

17.1%

Good

Strong bottom-line conversion

Current Ratio

35.89

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.15

Defensive

Steadier than the market

52W Range Position

12%

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

12.6 / 13.3

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

100.0

Overbought zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	-₹0 Cr	₹0 Cr	-₹0 Cr	-₹0 Cr	—
EBITDA	-₹0 Cr	₹1 Cr	-₹0 Cr	₹0 Cr	—
EBITDA Margin	414.6%	213.4%	66.7%	-470.3%	—
PAT (Net Profit)	-₹0 Cr	₹1 Cr	₹0 Cr	₹0 Cr	—
EPS	₹-0.65	₹2.04	₹0.5	₹0.91	—
ROE	-8.0%	20.0%	4.7%	7.9%	—
ROCE	-9.5%	19.5%	-0.3%	8.9%	—
Free Cash Flow	-₹0 Cr	₹0 Cr	₹1 Cr	₹0 Cr	—

🟢 EBITDA has turned positive, from -₹0 Cr to ₹0 Cr.

🔴 EBITDA Margin has fallen from 414.6% to -470.3% over 3 years (-884.9 pts).

🟢 PAT (Net Profit) has turned positive, from -₹0 Cr to ₹0 Cr.

🟢 EPS has turned positive, from ₹-0.65 to ₹0.91.

🟢 ROE has risen from -8.0% to 7.9% over 3 years (+15.9 pts).

🟢 ROCE has risen from -9.5% to 8.9% over 3 years (+18.4 pts).

🟢 Free Cash Flow has turned positive, from -₹0 Cr to ₹0 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹6 Cr

Total Liabilities

₹0 Cr

Total Debt

—

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹0 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

81.2%

Corporate Actions

Ex-Dividend Date

08 Aug 1997

Peer Comparison

Company	P/E	ROE
BAJAJ FINANCE LIMITED	30.2x	17.8%
HDFC BANK LTD	15.9x	13.8%
ICICI BANK LTD.	18.1x	16.5%
STATE BANK OF INDIA	10.3x	15.2%

Recent News

1 mixed1 negative4 general

Integra Capital Management Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 30 Aug

Integra LifeSciences Holdings (IART) Prices 9.5% Notes, Is The Repair Story Still Undervalued?

Simply Wall Street, 16 Oct

Integra Capital publishes 36th AGM notice, e-voting details in newspapers

scanx.trade, 28 Jul

Integra Capital Management Ltd. Peer Comparison – Compare with Others

Value Research, 31 Aug

Integra Engineering India Share Price rises 8.74% today

Univest, 07 SeptPrice move

🟡Mixed / dependsA price move, which is not by itself a change in the business. Worth finding the cause before reading it as either good or bad.

Integra Essentia consolidated net profit declines 96.30% in the June 2026 quarter

Business Standard, 13 AugResults

🔴Potentially negativeReported deterioration, which feeds the growth and margin inputs on this page directly.

Watch Items

Revenue growth is negative (-91.1%) on the latest reported period — check if this is one-off or a trend.
This is a financial-sector business: borrowing is its raw material, not leverage in the usual sense. Debt/Equity and ROCE here aren't comparable to a manufacturer's — read them alongside NIM, GNPA and capital adequacy from the company's own disclosures.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.
RSI is in overbought territory — momentum entries here carry more short-term pullback risk.

DalalBaazaar Thesis

StrongBusiness Quality · Financial Health · Valuation

MiddlingGrowth · Profitability

WeakRisk

Points for each in the Score ↑

Good business at a fair price

A sound business at a reasonable valuation. Suitable for a long-term holding, with the valuation and the direction of margins worth watching rather than the business itself. 1 high-severity red flag sits above this conclusion and should be read first.

1 of 3 tripwires tripped — Return on equity stays above 8% · see Key things to watch ↑