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Turtlemint Fintech Solutions Ltd (TURTLEMINT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544799 NSE: TURTLEMINT Fintech | Small Cap | Turtlemint Fintech Share Price
₹140.10 9.00 (6.86%)
As on 22-Sep'26 16:59
Turtlemint Fintech Solutions Ltd (TURTLEMINT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544799 NSE: TURTLEMINT Fintech | Small Cap | Turtlemint Fintech Share Price
₹140.10 9.00 (6.86%)
As on 22-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹4,126 Cr.
Current Price
₹140.1
52-Week Low / High
₹110 / 160
TTM EPS
₹-6.3
TTM Sales
₹1,098 Cr.
Book Value per Share
₹30.3
P/E Ratio
0.00
Industry PE
108.7
Price to Book (P/B)
4.63
Higher than its 5-year historical median
Price to Sales (P/S)
3.76
Lower than its 5-year historical median
EV/EBITDA
-33.53
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-59.39%
Underperforms industry median
Return on Capital Employed (ROCE)
-53.22%
Underperforms industry median
Return on Assets (ROA)
-36.94%
Operating Profit Margin
-11.9%
Net Profit Margin
-16.78%
Gross Profit Margin
-11.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
51.45%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
13.21%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹861 Cr.
Equity
₹29.5 Cr.
Face Value
₹1
All Time Low / High
₹110.30 / 159.95
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is Turtlemint Fintech Solutions Ltd a good quality company?
Turtlemint Fintech Solutions Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Turtlemint Fintech Solutions Ltd performance compare with that of its Peers?
Revenue growth of Turtlemint Fintech Solutions Ltd vs industry peers?
Turtlemint Fintech Solutions Ltd revenue CAGR is 37.78%, compared to the industry median CAGR of 19.27%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Turtlemint Fintech Solutions Ltd?
Promoters hold 13.21% of the Turtlemint Fintech Solutions Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Turtlemint Fintech Solutions Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Turtlemint Fintech Solutions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | -37.8% | -28.9% | -30.4% | -55.7% | - |
| Value Creation Index ⓘ | -3.7 | -3.1 | -3.2 | -5.0 | - |
Growth Parameters ⓘ |
|||||
| Sales ⓘ | 418 | 74.1 | 30.7 | 46.5 | 46 |
| Sales YoY Gr. | - | -82.3% | -58.6% | 51.5% | - |
| Adj EPS ⓘ | -54.6 | -36.7 | -29.5 | -31.8 | -7.1 |
| YoY Gr. | - | NA | NA | NA | - |
| BVPS (₹) ⓘ | 146 | 107.8 | 79.5 | 46.9 | 30.4 |
| Adj Net Profit ⓘ | -286 | -192 | -154 | -170 | -208 |
| Cash Flow from Ops. ⓘ | -283 | -241 | -132 | -148 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -51.9% | 51.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | -31.5% | -41% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | -38.1 | -29.1 | -30.6 | -45.7 | -18.3 |
| Op. Profit Mgn % ⓘ | -74.6 | -285.4 | -511.4 | -330.9 | -258.8 |
| Net Profit Mgn % ⓘ | -68.4 | -259.5 | -501.5 | -366 | -448.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 2,483 | 3,038 | 1,099 | 1,197 |
| Cash Conv. Cycle ⓘ | 0 | 284 | 472 | 285 | 1,050 |
Valuation of Turtlemint Fintech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 420 | 79 | 663 | 1,098 |
| Operating Expenses ⓘ + | 734 | 291 | 851 | 1,229 |
| Operating Profit ⓘ | -314 | -212 | -188 | -130 |
| Operating Profit Margin (%) | -74.7% | -269.0% | -28.4% | -11.9% |
| Other Income ⓘ + | 40 | 40 | 30 | 11 |
| Interest ⓘ | 2 | 2 | 2 | 2 |
| Depreciation ⓘ | 12 | 20 | 29 | 16 |
| Profit Before Tax ⓘ | -288 | -193 | -189 | -193 |
| Tax ⓘ | 0 | 0 | 5 | -8 |
| Profit After Tax | -288 | -193 | -194 | -184 |
| PAT Margin (%) | -68.6% | -245.0% | -29.3% | -16.8% |
| Adjusted EPS (₹) | -57.5 | -38.6 | -38.7 | -34.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 727 | 535 | 374 | 250 | |||||||
| Debt + | 0 | 0 | 0 | 0 | |||||||
| Minority Interest | 0 | 0 | 0 | 0 | |||||||
| Trade Payables | 91 | 9 | 65 | 71 | |||||||
| Others Liabilities ⓘ | 82 | 69 | 117 | 121 | |||||||
| Total Liabilities ⓘ | 900 | 613 | 556 | 442 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 57 | 39 | 44 | 34 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | |||||||
| Investments ⓘ | 0 | 0 | 0 | 0 | |||||||
| Inventories | 0 | 0 | 0 | 0 | |||||||
| Trade Receivables | 105 | 37 | 138 | 159 | |||||||
Cash Equivalents 
ⓘ
| 155 | 268 | 183 | 125 | |||||||
| Others Assets ⓘ | 583 | 269 | 191 | 124 | |||||||
| Total Assets ⓘ | 900 | 613 | 556 | 442 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -286 | -242 | -216 | -182 |
| Cash Flow From Investing Activity ⓘ + | -579 | 248 | 235 | 172 |
| Cash Flow From Financing Activity ⓘ + | 903 | -10 | -15 | -13 |
| Net Cash Flow ⓘ | 37 | -4 | 5 | -23 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -39.71 | -30.71 | -42.85 | -59.39 | ||||||
| ROCE (%) | -38.45 | -29.27 | -38.38 | -53.22 | ||||||
| Asset Turnover Ratio | 0.47 | 0.1 | 1.13 | 2.2 | ||||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 91.10 | 329.70 | 48.20 | 49.30 | ||||||
| Inventory Days | 0 | 0 | 0 | 0 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
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Announcements
Turtlemint Fintech Solutions Ltd FAQs
The current trading price of Turtlemint Fintech on 22-Sep-2026 16:59 is ₹140.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Sep-2026 the market cap of Turtlemint Fintech stood at ₹4,125.7 Cr
The latest P/E ratio of Turtlemint Fintech as of 21-Sep-2026 is 0.00.
The latest P/B ratio of Turtlemint Fintech as of 21-Sep-2026 is 4.61.
The 52-week high of Turtlemint Fintech is ₹159.9 and the 52-week low is ₹110.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Turtlemint Fintech is ₹46.45 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Turtlemint Fintech Solutions Ltd is a below average quality company.
The key valuation ratios of Turtlemint Fintech Solutions Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Turtlemint Fintech Solutions Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Turtlemint Fintech Solutions Ltd
Turtlemint Fintech Solutions was incorporated as ‘Fintech Blue Solutions Private Limited’ on April 7, 2015, as a private limited company. Subsequently, pursuant to a resolution passed by the Board on April 23, 2025, and a special resolution passed by the Shareholders on April 29, 2025, the name of the company was changed to ‘Turtlemint Fintech Solutions Private Limited’ on May 13, 2025. The company was subsequently converted into a public limited company pursuant to a resolution passed by the Board on May 17, 2025 and a special resolution passed by the Shareholders on May 23, 2025 and accordingly, the name of the company was changed to ‘Turtlemint Fintech Solutions Limited’ on June 5, 2025.
The company is a tech-enabled insurance distribution platform that connects customers, insurance advisors and insurers. It has onboarded and empowered a large and geographically diversified base of Digital Partners, including point-of-sale persons (PoSP), who have completed the mandatory training, enabling them to obtain the requisite certification to distribute insurance products in accordance with applicable IRDAI regulations. The company’s platform equips Digital Partners with tools to manage and grow their business, including product comparison, policy quote generation, training, marketing, lead management, conversion, customer relationship management and post-sales support such as claims management. This integrated approach of its technology platform combined with ‘on-the-ground’ Digital Partners creates a seamless offering to effectively serve customers within their communities.
Further, the company has made, and intend to continue making, investments in artificial intelligence (AI) technologies, including agentic architectures. These investments are intended to enhance Digital Partner productivity, streamline operational processes and expand the scalability of customer support. The company’s AI-driven tools are designed to facilitate more personalized advice, accelerate issue resolution and improve service delivery, particularly in underserved markets in India.
Business area of the company
The company is engaged in the business of providing information technology and business support services, advertising and marketing services and distribution of mutual funds. It also undertakes the business of direct broking of insurance policies mainly in retail segment like motor, health and life.
Services of the company
- Insurance
- Mutual Funds
- Loan
Awards, accreditations and recognition
- 2021: Recognized as one of the top fintech startups in India in the Soonicorn Awards by Tracxn.
- 2021: Recognized as the Best Digitally Enabled Enterprise in the BW Businessworld magazine.
- 2022: Recognized as Best Fintech Startup at the Startup Awards 2022 by Entrepreneur India.
- 2022: Awarded the Insurtech Company of the Year at NBFC & Fintech Excellence Awards 2022 by Quantic.
- 2022: Recognized as one of the Top Internet First Insurance Platforms tech startups at the Emerging Startups 2022 by Tracxn.
- 2023: Awarded for Best Insuretech in the BFSI Sector at the NBFC Leadership Awards 2023 presented by Parahit.
- 2024: Recognized as the Digital Transformation Leader Insurtech at the Elets NBFC 100 Leader of Excellence Awards, Chennai.
History and milestones
- 2015: The company was incorporated as Fintech Blue Solutions Private Limited.
- 2017: Launch of TurtlemintPro, the company’s digital platform partner.
- 2019: Onboarded more than 73,000 digital partners.
- 2019: Launch of Turtlemint Money, the company’s mutual fund platform.
- 2020: Launch of Turtlefin, the company’s content and enterprise platform.
- 2022: Onboarded more than 109,000 digital partners.
- 2024: Acquired Turtlemint Insurance Broking Services Private Limited.
- 2025: Onboarded more than 19,000 digital partners.
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