TURTLEMINTFinancial Services

Turtlemint Fintech Solutions Limited

Financial Technology (Fintech) · ISIN INE0OC301013 · BSE 544799 · NSE EQ · FV ₹1
Last price
₹132
+3.08%today
What this company does

Turtlemint Fintech Solutions Limited operates in Financial Technology (Fintech), part of the Financial Services sector. It booked ₹294 cr of revenue in its latest quarter (Q1 FY27) and kept -12.8% of sales as profit. It is the 6th largest of 9 Financial Technology (Fintech) companies we track, by market value.

18out of 100
Equitytale Health Score
Fragile

Healthier than 18% of companies in Financial Services, on the 3 of 6 measures we could read for it. Each measure is ranked against the 54–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns3

How much profit it earns on the money it employs

Valuation4

What today's price implies, against our models or its peers

Governance & risk72

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet, cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
No promoter shares pledged
Virtually debt-free
Watch-outs
! Currently loss-making
! Thin -12.8% net margin
! Low -49.5% return on equity

What if I invest in TURTLEMINT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹132 +3.08%
latest close · 2026-09-17
52-wk low ₹11042 sessions so far52-wk high ₹160
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio12.71High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-49.5%Loss
WeakFairStrong ▸15%
Return on capital-43.6%Loss
WeakFairStrong
Net margin-12.8%Loss
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Current ratio2.74Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,878 cr
Book value
₹10
EPS
₹-1.47
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
-33.6%
Earnings yield
P/S
3.30
Sales / share
₹39.9
Tax rate
Face value
₹1
Shares
29.5 cr
Working capital
₹217 cr
Current assets
₹343 cr
Current liabilities
₹125 cr
Delivery %
40.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹294 cr
Other Income₹2 cr
Total Income₹296 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹65 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹262 cr
Total Expenses₹334 cr
Profit before Tax₹-38 cr
Tax Expense₹-9 L
Net Profit₹-38 cr
Net margin on total income-12.8%
Where the money goes · Q1 FY27
% of total spend
Employee benefit expense₹65 cr19.6%
Finance costs₹2 cr0.7%
Depreciation & amortisation₹4 cr1.2%
Other expenses₹262 cr78.4%
Total income ₹296 cr

The company made a net loss of ₹38 cr this quarter — income covered only 89 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27
Revenue357 cr294 cr
Total income360 cr296 cr
Expenses366 cr334 cr
Profit before tax-5 cr-38 cr
Tax-8 cr-9 L
Net profit (owners' share)3 cr-38 cr
Net margin (owners' share, on revenue)0.9%-12.8%
EPS (₹)0.12-1.47
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹450 cr
Shareholder equity
₹305 cr
parent shareholders
Total debt
₹0 cr
Cash
₹68 cr
Peer comparison
Financial Technology (Fintech) · by market value
CompanyPriceMarket capP/E
One 97 Communications Limited₹1,763₹1.13 L cr128.1
PB Fintech Limited₹1,765₹81,667 cr125.0
Pine Labs Limited₹184₹21,287 cr271.3
Seshaasai Technologies Limited₹366₹5,920 cr24.5
AvenuesAI Limited₹16₹5,699 cr17.0
Turtlemint Fintech Solutions Limitedthis company₹132₹3,878 cr
Network People Services Technologies Limited₹1,855₹3,869 cr88.2
One Mobikwik Systems Limited₹199₹1,564 cr51.2
Suvidhaa Infoserve Limited₹2₹46 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
13.2%
FII / Foreign
6.3%
DII / Domestic
13.4%
Retail / others
67.0%
Smart-money activity
Insider trades
SoldAnjani Kumar · Designated Person20,000 · ₹30.6 L28 Aug 26
SoldAnjani Kumar · Designated Person20,000 · ₹30.6 L28 Aug 26
SoldJanaki Iyer · Designated Person36,00027 Aug 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 13.2% between them · as of 2026-06-30
DHIRENDRA MAHYAVANSHI6.76%
ANAND PRABHUDESAI6.46%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹661 cr raised in Jun 2026 by selling shares to the public

As of Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹661 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Expenditure towards cloud and server related infrastructure of our company
0%
₹0 cr of ₹26 cr
Salary expenditure towards technology and product development teams of our company
0%
₹0 cr of ₹193 cr
Expenditure towards marketing initiatives by our company
0%
₹0 cr of ₹39 cr
Expenditure towards the existing properties of our company
0%
₹0 cr of ₹22 cr
Expenditure towards the existing properties of our wholled owned subsidiary
0%
₹0 cr of ₹21 cr
Investment in our wholly owned subsidiary TIB for funding its working capital requirements
0%
₹0 cr of ₹129 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.