Jagsonpal Services - Jagsonpal Services

📊 BSE: 530601 🏢 Non Banking Financial Company (NBFC) 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations was INR 0 in FY25, showing 0% growth YoY. The only income generated was other income totaling INR 0.16 Lacs, consisting of Interest Income (INR 0.15 Lacs) and Dividend Income (INR 0.01 Lacs).

Geographic Revenue Split

Not disclosed in available documents; however, the company is based in India with operations primarily managed from Mumbai and New Delhi.

Profitability Margins

The company incurred cash losses for FY 2024-2025. Net equity improved from a deficit of INR 453.53 Lacs to INR (207.14) Lacs, a 54.3% reduction in negative other equity due to capital infusion.

EBITDA Margin

Not applicable as the company reported zero revenue from operations and incurred cash losses. Operating expenses were not fully detailed but resulted in a loss for the period.

Capital Expenditure

The company invested INR 1.04 Lacs in Property, Plant and Equipment during FY25, compared to zero in FY24. This represents a minor setup of physical infrastructure.

Credit Rating & Borrowing

The company has not taken any loans from any lender whatsoever as of March 31, 2025. Borrowing costs are 0% as there is no outstanding debt.

⚙️ Operational Drivers

Raw Materials

Not applicable as the company is a financial and leasing entity (transitioning to services).

Import Sources

Not applicable.

Key Suppliers

Not applicable.

Capacity Expansion

Not applicable for a finance company; however, the company increased its bank balance by 1,833% from INR 81.92 Lacs to INR 1,583.52 Lacs, providing significant liquidity for future deployment.

Raw Material Costs

Not applicable.

Manufacturing Efficiency

Not applicable.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company is undergoing a structural transformation, evidenced by its name change from Jagsonpal Finance & Leasing Ltd to Jagsonpal Services Limited. Growth is expected to be driven by the deployment of INR 1,270.5 Lacs raised through preferential allotment/private placement into new service-oriented or financial activities once regulatory hurdles are cleared.

Products & Services

The company is registered to provide financial and leasing services but is currently in a transition phase with zero operational revenue.

Brand Portfolio

Jagsonpal Services Limited (formerly Jagsonpal Finance & Leasing Limited).

New Products/Services

The company is yet to conduct Non-Banking Financial or Housing Finance activities despite being required to be registered under section 45-IA of the RBI Act, 1934.

Market Share & Ranking

Not applicable; the company is currently non-operational in its core segment.

🌍 External Factors

Industry Trends

The NBFC sector is seeing increased regulatory scrutiny. The company's positioning is currently defensive, holding cash while awaiting a valid Certificate of Registration (CoR) from the RBI to commence activities.

Competitive Landscape

The company faces intense competition from established NBFCs and fintech firms, which it cannot currently challenge without regulatory approvals.

Competitive Moat

The company currently lacks a sustainable moat as it has no active operations; its primary advantage is a clean balance sheet with zero debt and high liquidity (INR 1,583.52 Lacs in cash).

Macro Economic Sensitivity

Highly sensitive to financial sector regulations and RBI monetary policy, which will dictate the company's ability to restart lending operations.

Consumer Behavior

Not applicable due to lack of active products.

Geopolitical Risks

Low, as the company's assets are primarily held in Indian bank accounts (INR 1,583.52 Lacs).

⚖️ Regulatory & Governance

Industry Regulations

The company is required to be registered under section 45-IA of the Reserve Bank of India Act, 1934. It currently lacks a valid Certificate of Registration (CoR) to conduct NBFC or Housing Finance activities, which is a critical regulatory bottleneck.

Environmental Compliance

Not applicable for this industry.

Taxation Policy Impact

The company has zero current tax liability for FY25 due to lack of taxable profits.

Legal Contingencies

The company has no pending litigations that need to be disclosed in the financial statements. There are no disputed statutory dues for Provident Fund, Income Tax, or GST.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the timing and success of obtaining the RBI Certificate of Registration (CoR), without which the company cannot generate core revenue. This impacts 100% of the business's potential.

Geographic Concentration Risk

100% of assets and operations are located in India.

Third Party Dependencies

Dependency on the RBI for regulatory approvals and Mas Services Limited for registrar and share transfer services.

Technology Obsolescence Risk

Low risk currently as the company is not yet operational, but it will need to invest in digital lending infrastructure to be competitive in the future.