Greencrest Financial Services Ltd

GREENCREST

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Market Cap

₹ 22 Cr

P/E

—

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Performance

UNDER PERFORMER

Valuation

REASONABLE

Growth

EXCEPTIONAL

Profitability

LOW MARGIN

Technicals

Neutral

Risk

LOW RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Greencrest Financial Services Ltd, a company originally known as Marigold Glass Industries, is an RBI-registered NBFC engaged in a range of finance and investment activities.

The company specializes in trading and investment within the Equity and FNO Segments, as well as commodities trading.

Greencrest Financial also offers stock broking and equity advisory services, catering to both institutional investors and individual clients.

As a depository participant with NSDL, the company provides custodial services supporting its financial operations across the country.

Sector

Finance

Industry

NBFC-Others

Market Cap

22 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

34.5

PEG Ratio

—

P/B Ratio

0.4

52W High

0.94

52W Low

0.59

Sales CAGR

82.76%

100.68%

81.48%

10Y

21.30%

Profit CAGR

15.09%

29.97%

22.19%

10Y

6.72%

ROE

TTM

-1.91%

2.19%

1.73%

10Y

1.49%

ROCE

TTM

1.38%

4.30%

3.41%

10Y

2.78%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SULABEN	2.41	24 Cr	9.96	0.66	0.00	6.65	10.74	6.72
GREENCREST	0.60	22 Cr	—	0.39	0.00	-1.91	1.38	-1.21
GLOBALCA	0.55	22 Cr	—	0.48	0.00	-2.39	-2.31	-2.01
PARAGONF	52.40	22 Cr	26.46	0.69	0.00	2.59	4.26	2.42
RAPIDIN	101.90	22 Cr	38.06	1.92	0.00	5.05	6.00	3.14
GILADAFINS	14.60	21 Cr	9.54	0.96	0.00	8.55	12.17	5.94
TRADEWELL	66.67	20 Cr	10.75	2.65	0.00	24.65	7.33	7.50

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	6.90	13	17	8.28	21	15	22	12	5.39	5.65
Expenses	4.92	6.99	15	15	17	12	20	17	3.41	3.54
Interest	0.43	0.41	0.57	0.26	0.80	0.78	0.79	0.57	0.73	0.73
Financing Profit	1.55	6.03	1.09	-6.85	3.59	2.38	1.27	-5.25	1.25	1.38
Financing Margin %	22.46	44.90	6.37	-82.73	16.72	15.38	5.68	-42.07	23.19	24.42
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.21	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Profit Before Tax	1.54	6.03	1.09	-6.85	3.59	2.38	1.27	-5.47	1.24	1.37
Tax %	25.32	8.46	-32.11	0.73	22.84	28.15	25.98	23.22	25.00	24.82
Net Profit	1.16	5.52	1.44	-6.80	2.77	1.71	0.94	-4.20	0.93	1.03
EPS in Rs	0.32	1.51	0.04	-0.19	0.08	0.05	0.03	-0.12	0.03	0.03
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	7.29	30	55	3.65	3.81	8.88	24	39	72	56
Expenses	9.23	32	56	3.01	3.12	7.93	22	36	67	53
Interest	0.04	0.04	0.06	0.00	0.00	0.16	1.27	1.67	2.93	2.87
Financing Profit	-1.98	-1.76	-1.66	0.63	0.69	0.79	1.69	1.82	1.99	-0.35
Financing Margin %	-27.13	-5.87	-3.04	17.38	18.06	8.93	6.89	4.64	2.78	-0.63
Other Income	2.90	2.54	2.73	0.00	0.00	0.00	0.01	0.00	0.01	NaN
Depreciation	0.03	0.04	0.04	0.03	0.03	0.04	0.02	0.01	0.01	0.01
Profit Before Tax	0.90	0.74	1.02	0.60	0.65	0.75	1.68	1.81	1.99	-0.58
Tax %	304.95	351.17	352.85	388.35	376.70	388.37	397.32	241.66	257.82	-6.90
Net Profit	0.60	0.53	0.73	0.45	0.48	0.56	1.26	1.06	1.22	-0.62
EPS in Rs	0.02	0.01	0.03	0.01	0.02	0.02	0.30	1.68	0.04	-0.03
Dividend Payout %	—	—	—	—	—	—	—	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	37	37	37	37	37	37	37	37	37	37
Reserves	11	12	12	13	14	14	15	16	17	19
Borrowings	0.12	0.94	0.42	0.40	0.38	0.40	13	25	32	45
Other Liabilities	1.61	2.26	0.34	1.90	0.30	0.31	1.16	0.60	6.00	3.00
Total Liabilities	50	52	50	52	51	52	65	78	92	103
Fixed Assets	0.11	0.08	0.06	0.04	0.03	0.09	0.07	0.05	0.04	0.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	1.90	0.90	0.90	0.90	0.65	0.00	1.25	0.00
Other Assets	49	52	48	51	50	51	64	78	91	103
Total Assets	50	52	50	52	51	52	65	78	92	103

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	6.44	8.47	1.85	3.11	2.52	4.64	0.91	5.80	4.11	6.28
Cash from Investing Activity	-3.26	-10	-2.31	-3.16	-3.15	-2.96	-2.76	-4.53	-5.14	-6.11
Cash from Financing Activity	0.02	0.02	0.02	0.02	0.00	0.02	0.02	0.00	0.00	0.00
Net Cash Flow	3.19	-1.84	-0.43	-0.03	-0.63	1.71	-1.82	1.26	-1.03	0.18

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	1.25%	1.25%	1.25%	1.25%	1.25%	1.25%	1.25%	1.25%	1.25%	1.25%	1.25%	1.25%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	98.75%	98.75%	98.75%	98.75%	98.75%	98.75%	98.75%	98.75%	98.75%	98.75%	98.75%	98.75%
Total Shareholders	30,677	30,954	29,092	34,808	35,172	44,006	45,256	49,960	61,219	63,192	62,836	62,344

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Feb 20, 2024	Multiplier share & stock advi...	Bulk	Sell	1.06	0.26 Cr	24,44,281	0.66
Feb 16, 2024	Mansi share & stock advisors ...	Bulk	Sell	1.00	0.19 Cr	18,60,350	0.50
Feb 16, 2024	Multiplier share & stock advi...	Bulk	Buy	1.02	0.25 Cr	24,44,281	0.66
Feb 15, 2024	Mansi share & stock advisors ...	Bulk	Sell	1.00	0.28 Cr	28,40,490	0.77
Jan 31, 2024	Multiplier share & stock advi...	Bulk	Buy	1.20	0.36 Cr	30,00,000	0.82
Jan 08, 2024	Multiplier share & stock advi...	Bulk	Sell	1.08	0.20 Cr	18,48,329	0.50
Jan 08, 2024	Multiplier share & stock advi...	Bulk	Buy	1.08	0.02 Cr	1,86,018	0.05
Dec 21, 2023	Mansi share & stock advisors ...	Bulk	Buy	0.92	0.46 Cr	50,00,000	1.36
Nov 30, 2023	Multiplier share & stock advi...	Bulk	Sell	0.78	0.16 Cr	20,00,000	0.54
Sep 13, 2023	Raghav kamalaksh rao	Bulk	Buy	0.68	0.15 Cr	21,36,266	0.58

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

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Documents

Presentations

Concalls

Reports

Presentations

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Oscillators

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Neutral

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Neutral

Bullish

Overall

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Neutral

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Bullish

Moving Averages

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Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	6.90	13	17	8.28	21	15	22	12	5.39	5.65
Expenses	4.92	6.99	15	15	17	12	20	17	3.41	3.54
Interest	0.43	0.41	0.57	0.26	0.80	0.78	0.79	0.57	0.73	0.73
Financing Profit	1.55	6.03	1.09	-6.85	3.59	2.38	1.27	-5.25	1.25	1.38
Financing Margin %	22.46	44.90	6.37	-82.73	16.72	15.38	5.68	-42.07	23.19	24.42
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.21	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Profit Before Tax	1.54	6.03	1.09	-6.85	3.59	2.38	1.27	-5.47	1.24	1.37
Tax %	25.32	8.46	-32.11	0.73	22.84	28.15	25.98	23.22	25.00	24.82
Net Profit	1.16	5.52	1.44	-6.80	2.77	1.71	0.94	-4.20	0.93	1.03
EPS in Rs	0.32	1.51	0.04	-0.19	0.08	0.05	0.03	-0.12	0.03	0.03
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	7.29	30	55	3.65	3.81	8.88	24	39	72	56
Expenses	9.23	32	56	3.01	3.12	7.93	22	36	67	53
Interest	0.04	0.04	0.06	0.00	0.00	0.16	1.27	1.67	2.93	2.87
Financing Profit	-1.98	-1.76	-1.66	0.63	0.69	0.79	1.69	1.82	1.99	-0.35
Financing Margin %	-27.13	-5.87	-3.04	17.38	18.06	8.93	6.89	4.64	2.78	-0.63
Other Income	2.90	2.54	2.73	0.00	0.00	0.00	0.01	0.00	0.01	NaN
Depreciation	0.03	0.04	0.04	0.03	0.03	0.04	0.02	0.01	0.01	0.01
Profit Before Tax	0.90	0.74	1.02	0.60	0.65	0.75	1.68	1.81	1.99	-0.58
Tax %	304.95	351.17	352.85	388.35	376.70	388.37	397.32	241.66	257.82	-6.90
Net Profit	0.60	0.53	0.73	0.45	0.48	0.56	1.26	1.06	1.22	-0.62
EPS in Rs	0.02	0.01	0.03	0.01	0.02	0.02	0.30	1.68	0.04	-0.03
Dividend Payout %	—	—	—	—	—	—	—	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	37	37	37	37	37	37	37	37	37	37
Reserves	11	12	12	13	14	14	15	16	17	19
Borrowings	0.12	0.94	0.42	0.40	0.38	0.40	13	25	32	45
Other Liabilities	1.61	2.26	0.34	1.90	0.30	0.31	1.16	0.60	6.00	3.00
Total Liabilities	50	52	50	52	51	52	65	78	92	103
Fixed Assets	0.11	0.08	0.06	0.04	0.03	0.09	0.07	0.05	0.04	0.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	1.90	0.90	0.90	0.90	0.65	0.00	1.25	0.00
Other Assets	49	52	48	51	50	51	64	78	91	103
Total Assets	50	52	50	52	51	52	65	78	92	103

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	6.44	8.47	1.85	3.11	2.52	4.64	0.91	5.80	4.11	6.28
Cash from Investing Activity	-3.26	-10	-2.31	-3.16	-3.15	-2.96	-2.76	-4.53	-5.14	-6.11
Cash from Financing Activity	0.02	0.02	0.02	0.02	0.00	0.02	0.02	0.00	0.00	0.00
Net Cash Flow	3.19	-1.84	-0.43	-0.03	-0.63	1.71	-1.82	1.26	-1.03	0.18

Overview

Detailed Summary

Greencrest Financial Services Ltd, a company originally known as Marigold Glass Industries, is an RBI-registered NBFC engaged in a range of finance and investment activities.

The company specializes in trading and investment within the Equity and FNO Segments, as well as commodities trading.

Greencrest Financial also offers stock broking and equity advisory services, catering to both institutional investors and individual clients.

As a depository participant with NSDL, the company provides custodial services supporting its financial operations across the country.

Sector

Finance

Industry

NBFC-Others

Market Cap

22 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

34.5

PEG Ratio

—

P/B Ratio

0.4

52W High

0.94

52W Low

0.59

Sales CAGR

82.76%

100.68%

81.48%

10Y

21.30%

Profit CAGR

15.09%

29.97%

22.19%

10Y

6.72%

ROE

TTM

-1.91%

2.19%

1.73%

10Y

1.49%

ROCE

TTM

1.38%

4.30%

3.41%

10Y

2.78%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SULABEN	2.41	24 Cr	9.96	0.66	0.00	6.65	10.74	6.72
GREENCREST	0.60	22 Cr	—	0.39	0.00	-1.91	1.38	-1.21
GLOBALCA	0.55	22 Cr	—	0.48	0.00	-2.39	-2.31	-2.01
PARAGONF	52.40	22 Cr	26.46	0.69	0.00	2.59	4.26	2.42
RAPIDIN	101.90	22 Cr	38.06	1.92	0.00	5.05	6.00	3.14
GILADAFINS	14.60	21 Cr	9.54	0.96	0.00	8.55	12.17	5.94
TRADEWELL	66.67	20 Cr	10.75	2.65	0.00	24.65	7.33	7.50