Trustedge Capital Limited

About

Trustedge Capital Limited, a non-banking finance company, engages in the finance and investment businesses in India. The company offers small and medium enterprise (SME) financing products comprising working capital products, such as purchase and work order finance, invoice discounting, and supply chain finance; and term loan products, including business loans, machinery finance, and loans against property. It also provides corporate financing products consisting of growth capital and margin funding products. In addition, the company is involved in financing activities; and investments in listed shares, debt and equity instruments, and mutual funds. It serves SMEs and entrepreneurs. The company was formerly known as Adinath Exim Resources Limited and changed its name to Trustedge Capital Limited in June 2025. Trustedge Capital Limited was incorporated in 1995 and is based in Ahmedabad, India.

Quarterly Results

Rs. Crores · 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	2.72	2.24	1.31	0.92	0.78	0.27	0.27	0.28	0.27	0.26	0.25	0.26	0.26
Expenses	1.85	1.77	1.21	1.02	0.99	0.66	0.08	0.07	0.06	0.07	0.08	0.07	0.08
Operating Profit	0.87	0.47	0.10	-0.10	-0.21	-0.39	0.19	0.21	0.21	0.19	0.17	0.19	0.18
OPM %	31.99	20.98	7.63	-10.87	-26.92	-144.44	70.37	75.00	77.78	73.08	68.00	73.08	69.23
Other Income	0.07	0.04	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.29	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.65	0.48	0.20	-0.10	-0.21	-0.39	0.19	0.21	0.21	0.19	0.17	0.19	0.18
Tax %	30.77	-33.33	30.00	-40.00	-19.05	-25.64	26.32	23.81	23.81	26.32	23.53	26.32	27.78
Net Profit	0.45	0.64	0.14	-0.08	-0.16	-0.29	0.14	0.15	0.16	0.15	0.13	0.15	0.14
EPS in Rs	0.49	0.69	0.15	-0.09	-0.17	-0.37	0.21	0.22	0.24	0.22	0.19	0.22	0.21

Profit & Loss

Annual · 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	5.38	1.09	1.03	1.00	0.97	0.88	0.68	0.65	0.61	0.51	0.46	0.44
Expenses	4.98	0.87	0.29	0.32	0.22	0.24	0.15	0.21	0.25	0.24	0.66	0.16
Operating Profit	0.40	0.22	0.74	0.68	0.75	0.64	0.53	0.44	0.36	0.27	-0.20	0.28
OPM %	7.43	20.18	71.84	68.00	77.32	72.73	77.94	67.69	59.02	52.94	-43.48	63.64
Other Income	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.08	0.05	0.14	0.00
Interest	0.03	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.00	0.00	0.00	0.01	0.01
Profit before tax	0.37	0.22	0.74	0.68	0.75	0.66	0.44	0.44	0.44	0.32	-0.07	0.27
Tax %	-48.65	27.27	24.32	0.00	53.33	27.27	15.91	13.64	9.09	3.12	0.00	14.81
Net Profit	0.55	0.16	0.56	0.68	0.35	0.48	0.37	0.38	0.40	0.31	-0.06	0.23
EPS in Rs	0.60	0.21	0.82	1.00	0.51	0.71	0.54	0.56	0.62	0.48	-0.09	0.35
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — 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	9.23	4.97	4.77	4.77	4.77	4.77	4.77	4.77	4.55	4.55	4.55	4.55
Reserves	46.03	17.62	14.71	12.42	11.50	10.46	8.99	16.72	3.51	2.97	2.67	2.73
Borrowings	10.00	0.00	0.00	0.00	0.00	0.00	0.36	0.00	0.00	0.00	0.00	0.00
Other Liabilities	5.76	0.53	0.88	0.30	0.29	0.33	0.04	3.74	0.06	0.04	0.01	0.13
Total Liabilities	71.02	23.12	20.36	17.49	16.56	15.56	14.16	25.23	8.12	7.56	7.23	7.41
Fixed Assets	0.03	0.01	0.01	0.01	0.01	0.01	0.35	0.01	0.01	0.01	0.01	0.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.47
Investments	6.37	7.07	7.62	5.39	4.19	3.93	2.99	20.57	4.23	7.37	7.08	6.73
Other Assets	64.62	16.04	12.73	12.09	12.36	11.62	10.82	4.65	3.88	0.18	0.14	0.19
Total Assets	71.02	23.12	20.36	17.49	16.56	15.56	14.16	25.23	8.12	7.56	7.23	7.41

Cash Flows

Annual · Rs. Crores — 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	-35.42	1.58	-0.11	0.49	-0.05	-0.32	-5.39	0.38	0.48	0.29	0.35	0.33
Cash from Investing Activity	0.97	0.66	0.13	-0.85	0.40	0.32	5.38	0.02	3.14	3.37	-0.35	-0.34
Cash from Financing Activity	31.41	2.59	0.00	0.00	0.00	0.00	0.00	-0.50	-3.51	0.00	0.00	0.00
Net Cash Flow	-3.04	4.83	0.02	-0.36	0.36	0.00	-0.01	-0.10	0.10	3.67	0.01	0.00
Free Cash Flow	-35.45	1.58	-0.11	0.49	-0.05	-0.32	-5.79	0.38	0.48	0.29	0.35	0.31
CFO/OP %	-8,735.00	882.00	-8.00	103.00	-7.00	-50.00	-1,017.00	100.00	133.00	107.00	-175.00	118.00

Ratios

Annual · Days / % — 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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	-270.02	-70.32	31.89	80.30	52.68	165.91	3,231.32	33.69	-11.97	35.78	31.74	-24.89
ROCE %	0.93	1.05	4.04	4.06	4.76	4.50	2.64	2.98	5.65	4.34	-0.97	3.77

Shareholding Pattern

% holding — latest first

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	74.99	74.99	74.99	71.99	67.00	67.00	62.04	62.04	62.04	62.04	62.04	62.04
DIIs	1.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	24.01	25.02	25.00	28.01	33.00	33.01	37.97	37.96	37.96	37.96	37.96	37.97
No. of Shareholders	4,142	4,197	4,270	4,239	4,106	4,142	4,296	4,327	4,058	3,950	3,731	3,465