SK Finance Limited
- Unlisted share
- Financial Services
- ISIN INE124N01039
At a glance
Sales
FY26
₹2,824 Cr
+18.7%on FY25What the company earned from its customers in the year.
Profit
FY26
₹431 Cr
+13.5%on FY25What was left after every cost and tax was paid.
Market valuecalculated
₹9,919 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY26
₹3,982 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- SK Finance Limited
- ISIN
- INE124N01039
- Sector
- Financial Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹737.55
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About SK Finance Limited
SK Finance is a Jaipur-based non-banking finance company that lends mainly for vehicles (commercial vehicles, cars, tractors, two-wheelers) and to small businesses against security. It is led by its promoter and managing director Rajendra Kumar Setia, whose promoter group holds about 32%; foreign institutional investors and alternative investment funds hold most of the rest.
Written from: strapi.skfin.in, skfin.in
Listing status. Draft red herring prospectus dated 1 May 2024 filed with SEBI; an updated draft red herring prospectus was filed with SEBI during FY2025-26. Equity shares are not listed; the company's non-convertible debentures are listed on BSE Company annual report 2025-26
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Financial Services
- ISIN
- INE124N01039
- Year of incorporation
- 1994
- Registered office
- Jaipur, Rajasthan
- Promoter
- Rajendra Kumar Setia and promoter group (32.08%)
- Key people
- Managing Director & Chief Executive Officer: Rajendra Kumar Setia; Whole-time Director: Yash Setia; Chief Financial Officer: Atul Arora
- Employee strength
- 12,822 people
- Face value per share
- ₹1
- Equity shares outstanding
- 13,44,83,756 shares
- CIN
- U65923RJ1994PLC009051
- Official website
- skfin.in
Read from: Company annual report 2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
23×
At this price you pay ₹23 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
2.49×
At this price you pay ₹2.49 for every ₹1 of net worth on the company's books.
Profit margincalculated
15.3%
Out of every ₹100 of sales, ₹15.3 was left as profit.
Return on equitycalculated
10.8%
For every ₹100 of the owners' money, the company made ₹10.8 of profit in the year.
Debt to equitycalculated
2.35×
The company has borrowed ₹2.35 for every ₹1 of its owners' money.
Lenders and finance companies normally borrow far more than other businesses.
- Indicative price
- ₹737.55
- Market valuecalculated
- ₹9,919 Cr
- price × shares
- No. of shares
- 13,44,83,756
- EPS
- ₹32.08
- Book value per share
- ₹296.09
- Face value
- ₹1
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
SK Finance Limited (formerly Ess Kay Fincorp Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY26: ₹1,303 Cr to ₹2,824 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY26: ₹223 Cr to ₹431 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Total revenue from operations | 1,302.77 | 1,791.19 | 2,377.94 | 2,823.6▲19% |
| Other income | 11.47 | 6.75 | 8.44 | 4.59▼46% |
| Total income | 1,314.24 | 1,797.95 | 2,386.38 | 2,828.19▲19% |
| Depreciation and amortisation | 25.2 | 36.11 | 46.49 | 52.98▲14% |
| Finance costs | 547.48 | 747.34 | 971.31 | 1,119.17▲15% |
| Profit before tax | 290.21 | 399.32 | 484.76 | 567.25▲17% |
| Profit for the year | 222.78 | 311.92 | 379.67 | 430.89▲13% |
| Basic earnings per share (₹) | 19.13 | 25 | 28.36 | 32.08▲13% |
| Interest income | 1,210.52 | 1,632.84 | 2,120.2 | 2,455.86▲16% |
Rupees crore unless marked, standalone. The change shown is the latest year against the year before. Read from: Company annual report 2023-24, Company annual report 2025-26.
Credit rating. [ICRA]AA- (Stable) from ICRA on non-convertible debentures; CARE AA-; Stable from CARE Ratings on loan facilities (ICRA: 18 September 2025; CARE: 9 January (year as shown in the report)) Company annual report 2025-26
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2026
48.5%Foreign Institutional Investors
- Largest holder
- 48.5%
- Top 3 together
- 95.7%
- Holders named
- 4
- Foreign Institutional Investors48.46%
- Promoter & Promoter Group32.08%
- Alternate Investment Funds15.12%
- Others4.34%
- Total100.00%
Read from: Company annual report 2025-26
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised | Source |
|---|---|---|---|---|---|
| 2026-034,81,552 equity shares allotted during FY2025-26 on exercise of employee stock options | ESOP allotment | Equity shares | Not stated | Not stated | strapi.skfin.in |
| 2023-08Equity of Rs 87,094 lakh raised from investors in tranches during FY2023-24 to grow the loan book; one tranche was allotted on 25 August 2023 at Rs 2,306.89 per share (before the later split and bonus) | Private placement | Equity shares | Not stated | ₹871 Cr | strapi.skfin.in |
Read from: Company annual report 2025-26, Company annual report 2023-24
Leadership
Management
Rajendra Kumar Setia
Managing Director & Chief Executive Officer
Yash Setia
Whole Time Director
Atul Arora
Chief Financial Officer
Anagha Bangur
Company Secretary & Compliance Officer
Anand Raghavan
Independent Director
Read from: Company annual report 2025-26
Corporate calendar
Events
- 30 Apr 2026Board meetingBoard approved the audited FY2025-26 financial statementsOpen
- 30 Jan 2026Rating actionIndia Ratings action on the company's debentures at the IND AA- level, as recorded in the annual reportOpen
- 18 Sept 2025Rating actionICRA rating of [ICRA]AA- (Stable) on non-convertible debentures, as recorded in the annual reportOpen
- 4 Aug 2025AGM31st annual general meeting heldOpen
- 1 May 2024DRHPDraft red herring prospectus for an initial public offer filed with SEBIOpen
- 16 Mar 2024Bonus and splitRecord date for a 1:1 bonus issue following the sub-division of shares from Rs 2 to Re 1 face valueOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about SK Finance Limited on WhatsAppIs the price shown for SK Finance Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my SK Finance Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell SK Finance Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by SK Finance Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.