Leading Leasing Finance and Investment Company Limited

Financial Services — Credit Services · BSE

₹1.02₹0.00 (0.00%)

DalalBaazaar Score

57 / 100

🟡 Moderate

Verdict

CAUTION

Risk

High

Driven by the company is currently loss-making, micro-cap size, which brings thin liquidity.

In simple words: The company is currently losing money, with both sales and profits growing well. Thin profit margins are the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:58 pm

Understanding the Business

Company site ↗

The 60-second version of Leading Leasing Finance and Investment Company Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Leading Leasing Finance and Investment Company Limited engages in the investment, leasing, and financing businesses in India.

IndustryCredit Services

SectorFinancial Services

Annual revenue₹147 Cr

How does it make money?

Turns over ₹147 Cr a year. Of every ₹100 of sales, about ₹13 reaches shareholders as profit, with ₹44 left at the operating level before interest, tax and depreciation.

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, STATE BANK OF INDIA, HDFC BANK LTD, ICICI BANK LTD.. 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%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +3984% while net margin moved -79% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+3984%

Margin effect-79%

DalalBaazaar Score

57/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ ROE of 2.5% is weak
✗ ROE has fallen by 16.0 points over the period

Quality vs. Valuation

Company Quality

61/ 100

Average

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

Valuation

54/ 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.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

7.3x

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention3

Return on equity is falling
ROE has dropped from 18.5% to 2.5% — each rupee of shareholder capital earns less than it did.
Return on capital is falling
ROCE has declined from 4.3% to 2.1% — often a sign of competition or overexpansion.
Inventory building faster than sales
Inventory is up 1333306% against revenue growth of 3984% — stock may not be moving.

Red Flags

2 items require attention · 1 high · 1 watch

🔴Significant margin compressionFinancial
EBITDA margin has fallen 39.5 points, from 83.5% to 44.0%.
🟡Shareholders have been dilutedOwnership
Shares outstanding are up 428% over 3 years — each existing share owns a smaller slice of the company.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 83.5% to 44.0%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Returns on shareholder capital are falling
ROE has dropped from 18.5% to 2.5%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
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

1Revenue growth stays above 183% a year✓ 244.4% CAGR
Latest reported year was 1456.0%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 42%✓ 44.0%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Return on equity stays above 8%✗ 2.5%
For a lender this is the cleanest single read on whether the book is being grown profitably.

Investment Checklist

7 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✓ 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

5 good · 2 neutral · 4 weak

Market Cap

₹57 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

0.07x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0.13

Loss-making

Negative earnings per share — the business is losing money

ROE

2.5%

Weak

Weak capital efficiency

ROCE

2.1%

Weak

Low return on total capital employed

Debt/Equity

0.56x

Low

Conservative leverage

Revenue Growth (YoY)

1456.0%

Healthy

Healthy top-line growth

Profit Growth (YoY)

396.0%

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

₹377 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

-18.3%

Weak

Thin margins leave little room for error

Net Margin

-4.2%

Weak

Very little revenue reaches the bottom line

Current Ratio

18.06

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.47

Defensive

Steadier than the market

52W Range Position

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

1.0 / 1.1

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

48.3

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹4 Cr	₹5 Cr	₹28 Cr	₹147 Cr	+244.4%
EBITDA	₹3 Cr	₹3 Cr	₹3 Cr	₹65 Cr	+178.2%
EBITDA Margin	83.5%	63.7%	9.4%	44.0%	—
PAT (Net Profit)	₹2 Cr	₹2 Cr	₹4 Cr	₹19 Cr	+104.6%
EPS	₹4.08	₹1.96	₹0.09	₹0.33	-56.8%
ROE	18.5%	15.1%	3.1%	2.5%	—
ROCE	4.3%	2.6%	1.4%	2.1%	—
Total Debt	₹57 Cr	₹107 Cr	₹485 Cr	₹416 Cr	+94.2%
Free Cash Flow	₹0 Cr	-₹38 Cr	-₹405 Cr	₹377 Cr	+3770.5%

🟢 Revenue has grown at 244.4% a year over 3 years.

🟢 EBITDA has grown at 178.2% a year over 3 years.

🔴 EBITDA Margin has fallen from 83.5% to 44.0% over 3 years (-39.5 pts).

🟢 PAT (Net Profit) has grown at 104.6% a year over 3 years.

🔴 EPS has shrunk at 56.8% a year over 3 years.

🔴 ROE has fallen from 18.5% to 2.5% over 3 years (-16.0 pts).

🔴 ROCE has fallen from 4.3% to 2.1% over 3 years (-2.2 pts).

🔴 Total Debt has grown at 94.2% a year over 3 years.

🟢 Free Cash Flow has grown at 3770.5% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹1,202 Cr

Total Liabilities

₹461 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹377 Cr

Capex

-₹0 Cr

Shareholding (proxy)

Institutional Holding

6.5%

Insider Holding

45.1%

Peer Comparison

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

Recent News

3 mixed3 general

Leading Leasing cuts Aqylon Nexus stake to 5.36% via open market sale

scanx.trade, 16 Oct

Leading Leasing Finance & Investment Company reports standalone net loss of Rs 20.36 crore in the June 2026 quarter

Business Standard, 24 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Leading Leasing Finance Q2FY27 Results: Board meeting shifted to Oct 22

scanx.trade, 15 OctResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Leading Leasing Finance and Investment - 14 penny stocks plunge up to 85% in 6 months. Are you holding any?

The Economic Times, 09 Aug

Leading Leasing Finance and Investment Company Ltd. Share Price Live Today

CNBC TV18, 03 Jan

Leading Leasing Finance Q1FY27 Results: Net loss widens to ₹20.36 crore

scanx.trade, 22 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Watch Items

Trading very close to its 52-week low — worth checking whether this reflects a temporary setback or a structural problem.
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.

DalalBaazaar Thesis

StrongFinancial Health · Growth

MiddlingBusiness Quality · Valuation

WeakProfitability · Risk

Points for each in the Score ↑

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 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 ↑