Synopsis: Ashish Kacholia exited his entire 1.14% stake in SG Finserve Limited by March 2026, selling shares worth ₹28.5 crore after holding since December 2023.
This Small-cap stock, engaged in providing supply chain financing, working capital loans, and structured credit solutions to businesses, focusing on group ecosystem and non-group clients across sectors, fell 6.77 percent after ace investor Ashish Kacholia sold his entire stake in the Company.
With a market capitalization of Rs. 2,365.48 crore, the shares of SG Finserve Limited were currently trading at Rs. 423.20 per equity share, down nearly 6.77 percent from its previous day’s close price of Rs. 453.95.
What is the News?
Ace investor, Ashish Kacholia, has exited his entire 1.14 percent stake in SG Finserve Limited by March 2026, as per the update released on March 27 (Friday). He sold around 6,38,366 shares, valued at nearly Rs. 28.5 crore. The investor had held this stake since December 2023, indicating a complete exit within a relatively short period.
In March 2026, SG Finserve Limited had a majority stake held by the promoters at 53.01 percent, foreign institutional investors at 0.14 percent, domestic institutional investors at 3.58 percent, and the public at 43.27 percent.
Management Guidance:
SG Finserve Limited expects its profit after tax (PAT) to grow significantly from Rs. 120 crore in FY26 to Rs. 375 crore by FY30, implying a strong CAGR of around 30 percent. Assets under management (AUM) are projected to increase from Rs. 3,210 crore in Dec’25 to Rs. 7,500 crore by March 2030, reflecting steady expansion and higher business activity.
Financial metrics are also set to improve, with return on assets (RoA) rising from 4.4 percent in FY26 to 5 percent by FY30, and return on equity (RoE) improving from 10 percent to 15 percent. Profit before tax (PBT) is expected to grow from Rs. 110 crore in FY25 to Rs. 500 crore by FY30, while leverage is planned to remain controlled at below 3x, supporting sustainable growth.
Corporate and Financing Partners:
Apollo Steel Pipes has partnered with leading corporate names like Tata Motors, Adani Group, Vedanta Limited, and Kajaria Ceramics. These partnerships help strengthen its business reach and support steady demand across industries like infrastructure, construction, and manufacturing.
The company is also supported by strong financial partners such as HDFC Bank, ICICI Bank, Axis Bank, and Bank of Baroda. These relationships provide funding support, improve financial stability, and help the company manage its operations and future growth plans efficiently.
Company Overview:
SG Finserve Limited is an Indian non-banking financial company (NBFC) focused on supply chain and channel financing for large corporates, primarily within the APL Apollo Group ecosystem. It provides working-capital solutions to dealers, distributors, vendors, retailers, and logistics partners through a tech-enabled lending platform.
Recent Quarter Results:
Coming into financial highlights, SG Finserve Limited’s revenue has increased from Rs. 42 crore in Q3 FY25 to Rs. 86 crore in Q3 FY26, which has grown by 104.76 percent. The net profit has also grown by 33.33 percent from Rs. 24 crore in Q3 FY25 to Rs. 32 crore in Q3 FY26.
SG Finserve Limited’s revenue and net profit have grown at a CAGR of 340.54 percent and 332.67 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE stand at 6.83 percent and 8.89 percent, respectively. SG Finserve Limited has an earnings per share (EPS) of Rs. 19.5, and its debt-to-equity ratio is 1.72x.
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