AI Summary
✦ ClarthaTourism Finance Corporation of India is a specialized finance company providing loans and investments across tourism, hospitality, and social infrastructure. Residential real estate, manufacturing, education, hospitals, renewable energy, and logistics broaden its lending book, while financing non-banking and housing finance companies supports secured onward lending. Revenue grew 10.4% year-on-year and profit rose 18.9%, with improving margins, although no major recent catalyst is evident. ROE is unavailable, while debt-to-equity of 81.94 indicates extreme leverage, which can amplify reported returns but increases funding and credit risks. Improving margins and faster profit growth indicate better earnings conversion, but balance-sheet risk remains central to quality assessment. At 35.4 times earnings, the stock appears rich relative to its 10.4% revenue growth and specialized-finance profile. Neutral sentiment reflects the open question of whether margin gains can offset leverage, asset-quality, and refinancing risks.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
Analyst coverage unavailable
Fundamentals
Fundamentals institutional score is 87 using growth durability 87.2.
Valuation
Valuation institutional score is 28 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
No usable analyst target or recommendation data was available.
Technical Structure
Technicals institutional score is 2 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is skewing constructive on impact and recency. Based on 1 recent ticker-linked news items.
Signal Summary
Market intelligence remains Mixed. fundamentals and market sentiment provide support, while valuation and technical structure remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 214.9% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +3.51). Confidence: 56%.
Live forward EPS implies next-12-month EPS of ₹11.67. Applying the stock's normalized valuation corridor produces a fair range of ₹109.93 to ₹229.32, with base value near ₹131.17 (+13.8% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹11.67
Forward P/E
9.9x
Base Fair Value
₹131.17
Fair Range
₹109.93 - ₹229.32
Upside To Base
+13.8%
Estimate Source
Live forward EPS
Growth Estimate
+100.0%
5Y Average
2.52
Current
4.07
Overvalued
2.90
Undervalued
2.14
5Y Average
10.50
Current
35.39
Overvalued
19.65
Undervalued
9.42
5Y Average
7.10
Current
23.47
Overvalued
9.53
Undervalued
2.80
Peers & Comparison
Sector: Financials · Theme: Specialized Finance
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
IFCI LTD IFCISpecialized Finance | — | 0.0% | 110.2x Premium | +117% vs avg | +39.1% |
SBFC FINANCE LIMITED SBFCSpecialized Finance | +24.6% | 44.9% | 21.6x Undervalued | -57% vs avg | -7.9% |
SAGILITY LIMITED SAGILITYSpecialized Finance | +27.6% | 13.0% | 20.6x Undervalued | -59% vs avg | -1.4% |
TOURISM FINANCE CORP. OF trades at a discount (34.7x vs peer avg 50.8x), suggesting potential undervaluation relative to the Specialized Finance cohort. Peers include IFCI LTD, SBFC FINANCE LIMITED, SAGILITY LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹70 CrDec 2025Latest net profit
₹32 CrDec 2025Latest EPS
₹0.69Dec 2025Net margin
90.6%Dec 2025Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Dec 2025
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 60.04 | 59.17 | 57.8 | 67.27 | 57.62 | 61.8 | 64.56 | 57.22 | 68.03 | 63.71 | 66.45 | 69.63 |
| Expenses | 6.94 | 4.56 | 5.6 | 5.39 | 7.19 | 5.23 | 5.93 | 6.33 | 8.53 | 5.97 | 6.35 | 6.39 |
| Operating Profit | 52.75 | 54.32 | 51.91 | 61.61 | 50.15 | 56.28 | 58.4 | 50.72 | 59.36 | 57.6 | 59.96 | 63.1 |
| OPM % | 87.86% | 91.8% | 89.81% | 91.59% | 87.04% | 91.07% | 90.46% | 88.64% | 87.26% | 90.41% | 90.23% | 90.62% |
| Other Income | 0.16 | 0.03 | 0.04 | 0.09 | 0.03 | 0.04 | 0.05 | 6.92 | 1.41 | 2.11 | 0.03 | 0.95 |
| Interest | 21.1 | 22.98 | 26.2 | 25.61 | 25.51 | 23.92 | 25.67 | 26.11 | 24.47 | 21.55 | 23.42 | 23.71 |
| Depreciation | 0.35 | 0.29 | 0.29 | 0.27 | 0.28 | 0.29 | 0.23 | 0.17 | 0.14 | 0.14 | 0.14 | 0.14 |
| Profit before tax | 31.81 | 31.37 | 25.75 | 36.09 | 24.67 | 32.4 | 32.78 | 31.53 | 36.3 | 38.16 | 36.57 | 40.34 |
| Tax % | 21.75% | 15.94% | 19.42% | 23.55% | 18.97% | 20.06% | 20.44% | 15.54% | 18.15% | 19.92% | 20.51% | 21.12% |
| Net Profit | 24.89 | 26.37 | 20.75 | 27.59 | 19.99 | 25.9 | 26.08 | 26.63 | 29.71 | 30.56 | 29.07 | 31.82 |
| EPS in Rs | 2.75 | 2.70 | 2.07 | 3.05 | 2.26 | 2.74 | 2.76 | 0.49 | 3.26 | 3.30 | 0.63 | 0.69 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.