Lerthai Finance

BSE: LERTHAI · Other Construction Materials

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52W Range₹316 – ₹774

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Snapshot

Unlock Lerthai Finance's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Lerthai Finance Limited is an Indian non-banking financial company (NBFC) that provides credit facilities and financing solutions to corporate and individual clients. Formerly known as Marigold Glass Industries, the firm now functions primarily as an investment vehicle focused on capital appreciation and interest income.

Business Model

The company generates revenue through interest income from inter-corporate deposits and strategic investments in shares and securities. It operates as a micro-cap entity within the Indian shadow banking sector.

Management Commentary

Management is currently focused on navigating the complex regulatory landscape governing the Indian shadow banking industry while maintaining a diversified portfolio of financial assets.

Growth Outlook

Growth is contingent upon the company's ability to effectively manage its investment portfolio and identify viable credit opportunities within the Indian equity market.

Key Risks

  • Regulatory Risk. As an NBFC, the company is subject to stringent and evolving regulations from the Reserve Bank of India that could impact operational flexibility.
  • Credit Risk. The company faces potential losses if corporate or individual borrowers default on inter-corporate deposits or credit facilities.
  • Market Volatility. As an investment-focused entity, the company's financial performance is highly sensitive to fluctuations in the Indian equity and securities markets.
  • Liquidity Risk. The micro-cap nature of the company may result in limited liquidity for its assets, potentially hindering the ability to exit positions during market downturns.

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Key Metrics

NET PROFIT

₹0.39 Cr

TTM · standalone

-47.3%YoY

EPS

₹6.45

TTM · standalone

-38.9%YoY

RETURN ON EQUITY

3.8%

TTM · standalone

-3.9 ppYoY

RETURN ON CAPITAL EMPLOYED

3.5%

TTM · standalone

-6.4 ppYoY

P/E

63.7x

Q1 FY26 · standalone

63.7 vs 11.4x5Y avg

EV/EBITDA

64.3x

Q1 FY26 · standalone

64.3 vs 8.6x5Y avg

DEBT TO EQUITY

0.0x

Q2 FY26 · standalone

+0.00xYoY

Peers · Other Construction Materials

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Lerthai FinanceLERTHAI
₹26 Cr63.7264.28—-134.5%3.8%3.5%-38.6%
Glass Wall Systems (India) LimitedGLASSWALL
₹2,519 Cr———23.0%———
Arisinfra Solutions LimitedARIS
₹1,175 Cr16.248.93—11.0%15.5%23.8%—
Everest Industries LimitedEVERESTIND
₹707 Cr-601.651254.84-20.5%0.0%-0.2%5.0%-30.4%
Marble City India LimitedMARBLE
₹438 Cr56.8518.18—29.6%11.5%16.0%+15.5%
Sahyadri Industries LimitedSAHYADRI
₹405 Cr8.704.7519.9%12.1%11.4%15.5%+36.9%

As of Q1 FY26

Financials