Hindon Mercantile Unlisted Share Price Today
ISIN INE08GI01012.
Hindon Mercantile is a non-banking financial company (NBFC) in India, engaged in providing a wide range of retail and SME lending solutions, including personal loans, business loans, loan against property, vehicle finance, and supply chain financing. The company primarily serves individual borrowers and micro, small & medium enterprises (MSMEs), with a focus on enabling access to credit for underserved and semi-urban segments. Hindon Mercantile operates a retail-focused, asset-backed lending…
Hindon Mercantile
Hindon Mercantile Unlisted Share Price Today
About Company
Hindon Mercantile is a non-banking financial company (NBFC) in India, engaged in providing a wide range of retail and SME lending solutions, including personal loans, business loans, loan against property, vehicle finance, and supply chain financing. The company primarily serves individual borrowers and micro, small & medium enterprises (MSMEs), with a focus on enabling access to credit for underserved and semi-urban segments.
Hindon Mercantile operates a retail-focused, asset-backed lending model, generating revenue through interest income and lending-related fees. Its portfolio includes both secured and unsecured loans, with emphasis on segments such as MSME financing, wholesale lending, and emerging areas like EV and solar financing. The company is increasingly leveraging technology-driven distribution, digital platforms, and co-lending partnerships to enhance reach, improve underwriting, and scale operations efficiently.
Headquartered in New Delhi, the company operates through a mix of branch network, partnerships, and digital channels, catering to customers across urban and semi-urban markets in India.
Revenue from operations increased more than 6x, from ₹41 Cr in FY21 to ₹250 Cr in FY25, driven by strong double-digit growth across most years.
Maintained EBITDA margins above 50% throughout the period, reflecting a highly efficient and profitable operating model.
PAT increased from ₹2.4 Cr in FY21 to ₹19.8 Cr in FY25, while PAT margin improved to 7.9%. However, EPS declined by 29% in FY25, indicating possible equity dilution despite higher profits.
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Financial Ratio Comparison (FY25)
Key Managerial Personnel
As of FY26Mr. Kapil Garg is the Managing Director of Hindon Mercantile and the promoter who acquired the company in 2019, leading its transformation into a digital NBFC focused on lending and fintech solutions. He is also associated with multiple ventures including Mufin Green Finance.
Ms. Tanvi Jawa is a Chartered Accountant with over a decade of experience in financial accounting and corporate finance, currently associated with Hindon Mercantile. She brings expertise in financial management, reporting, and treasury functions, supporting business operations and strategic decision-making.
