Overview
Quarterly
P&L
Balance Sheet
Cash Flows
Ratios
Shareholding
Documents
About
Shivansh Finserve Limited provides financial services to businesses and corporates in India. The company offers finance against mortgage of the property; working capital facility requirement; overdraft facility; ad hoc facility from bankers; cash credit facility; working capital demand loan; bank guaranty; local foreign LC; packing credit in foreign currency; bill discounting; export bill disc; export and foreign bill purchase; cash purchase; factoring facility; and working capital demand loan. It also offers home, reconstruction, advance, and vehicle loans. The company was formerly known as Manasarovar Financial Services Limited and changed its name to Shivansh Finserve Limited in May 2015. Shivansh Finserve Limited was incorporated in 1984 and is based in Ahmedabad, India.
Quarterly Results
Rs. Crores ยท hover row for definition
Metric
Jun 2026
Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Sales
0.00
0.04
0.00
2.60
0.00
0.00
0.00
0.00
0.10
0.46
0.00
0.00
0.00
Expenses
0.11
0.13
0.08
1.82
0.09
0.09
0.07
0.05
0.16
0.53
0.06
0.06
0.15
Operating Profit
-0.11
-0.09
-0.08
0.78
-0.09
-0.09
-0.07
-0.05
-0.06
-0.07
-0.06
-0.06
-0.15
OPM %
โ
-225.00
โ
30.00
โ
โ
โ
โ
-60.00
-15.22
โ
โ
โ
Other Income
0.22
0.04
0.07
0.17
0.20
0.21
0.14
0.19
0.18
0.21
0.18
0.18
0.17
Depreciation
0.00
0.01
0.01
0.01
0.01
0.01
0.00
0.01
0.01
0.01
0.01
0.01
0.01
Interest
0.00
0.00
0.02
0.23
0.16
0.13
0.15
0.16
0.16
0.20
0.08
0.10
0.09
Profit before tax
0.11
-0.06
-0.04
0.71
-0.06
-0.02
-0.08
-0.03
-0.05
-0.07
0.03
0.01
-0.08
Tax %
27.27
-33.33
0.00
23.94
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
0.08
-0.04
-0.03
0.55
-0.06
-0.02
-0.08
-0.02
-0.05
-0.06
0.03
0.02
-0.08
EPS in Rs
0.13
-0.06
-0.05
0.88
-0.10
-0.03
-0.13
-0.03
-0.08
-0.10
0.05
0.03
-0.13
Profit & Loss
Annual ยท Rs. Crores
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Sales
2.65 0.82 1.20 0.56 1.75 2.92 5.44 3.49 1.01 0.35 0.34 0.23
Expenses
2.14 0.37 0.80 0.33 1.41 2.70 5.14 3.36 0.98 0.24 0.41 0.20
Operating Profit
0.51 0.45 0.40 0.23 0.34 0.22 0.30 0.13 0.03 0.11 -0.07 0.03
OPM %
19.25 54.88 33.33 41.07 19.43 7.53 5.51 3.72 2.97 31.43 -20.59 13.04
Other Income
0.48 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.00 0.00
Interest
0.40 0.60 0.47 0.10 0.16 0.09 0.20 0.00 0.04 0.00 0.00 0.00
Depreciation
0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.00 0.00 0.00 0.00
Profit before tax
0.57 -0.17 -0.09 0.11 0.16 0.11 0.11 0.12 0.00 0.11 -0.07 0.03
Tax %
26.32 0.00 0.00 9.09 43.75 27.27 54.55 8.33 โ 27.27 0.00 33.33
Net Profit
0.43 -0.18 -0.10 0.11 0.09 0.08 0.06 0.11 0.00 0.07 -0.07 0.02
EPS in Rs
0.69 -0.29 -0.16 0.18 0.14 0.13 0.10 0.18 0.00 0.11 -0.11 0.03
Dividend Payout %
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 โ 0.00 0.00 0.00
Balance Sheet
Annual ยท Rs. Crores โ latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Equity Capital
6.24 6.24 6.24 6.24 6.24 6.24 6.24 6.24 6.24 6.24 6.24 6.24
Reserves
0.67 0.24 0.42 0.52 0.26 0.18 0.10 0.04 0.02 0.01 -0.06 0.01
Borrowings
3.00 11.34 9.82 6.06 8.50 2.14 3.61 2.60 3.06 1.31 0.62 0.51
Other Liabilities
8.05 0.04 0.10 0.12 0.50 2.11 2.91 0.23 0.04 0.04 0.00 0.00
Total Liabilities
17.96 17.86 16.58 12.94 15.50 10.67 12.86 9.11 9.36 7.60 6.80 6.76
Fixed Assets
0.05 0.07 0.10 0.12 0.13 0.15 0.06 0.06 0.00 0.00 0.00 0.00
CWIP
0.00 0.00 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 1.00 1.19 1.00 0.00 0.00 0.00 0.33 0.00 0.00 0.15
Other Assets
17.91 17.79 15.48 11.63 14.37 10.52 12.80 9.05 9.03 7.60 6.80 6.61
Total Assets
17.96 17.86 16.58 12.94 15.50 10.67 12.86 9.11 9.36 7.60 6.80 6.76
Cash Flows
Annual ยท Rs. Crores โ latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Cash from Operating Activity
10.32 -4.44 -3.57 0.67 -4.83 -0.43 0.15 -0.41 -24.48 1.23 -0.35 -5.99
Cash from Investing Activity
-1.35 3.52 0.32 0.87 -0.58 0.25 0.34 0.31 0.00 0.29 0.34 0.06
Cash from Financing Activity
-8.74 0.92 3.29 -2.55 6.20 -1.56 0.81 -0.47 1.74 0.70 0.11 6.00
Net Cash Flow
0.23 0.00 0.05 -1.01 0.78 -1.74 1.31 -0.57 -22.73 2.22 0.11 0.07
Free Cash Flow
10.32 -4.44 -3.57 0.66 -4.83 -0.54 0.15 -0.48 -24.81 1.23 -0.35 -5.99
CFO/OP %
2,031.00 -971.00 -868.00 317.00 -1,412.00 -195.00 50.00 -315.00 -81,600.00 1,118.00 500.00 -19,933.00
Ratios
Annual ยท Days / % โ latest first
Metric
Mar 2026 Mar 2025 Mar 2024 Mar 2023 Mar 2022 Mar 2021 Mar 2020 Mar 2019 Mar 2018 Mar 2017 Mar 2016 Mar 2015
Debtor Days
1.38 0.00 66.92 65.18 20.86 101.25 33.55 78.44 97.57 0.00 0.00 0.00
Inventory Days
870.70 24,576.67 2,720.91 โ 235.22 242.24 183.30 323.79 533.46 โ โ โ
Days Payable
10.20 121.67 24.89 โ 4.06 21.28 11.21 18.84 0.00 โ โ โ
Cash Conversion Cycle
861.88 24,455.00 2,762.94 65.18 252.02 322.21 205.64 383.39 631.04 0.00 0.00 0.00
Working Capital Days
1,213.45 4,967.56 3,096.42 4,327.86 1,718.63 335.00 246.91 527.11 1,911.73 3,994.14 6,408.97 9,521.74
ROCE %
7.00 2.51 2.59 1.51 2.72 2.16 3.29 1.32 0.47 1.53 -1.03 0.86
Shareholding Pattern
% holding โ latest first
Quarterly
Yearly
Holder
Jun 2026
Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Promoters
1.03
1.03
1.03
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
Public
98.98
98.97
98.97
99.42
99.41
99.41
99.41
99.41
99.41
99.40
99.40
99.40
No. of Shareholders
4,715
415,599
4,806
4,877
4,871
4,881
4,908
4,590
4,590
3,965
3,965
3,965
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