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First Fintec Ltd (532379)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532379 NSE: IT - Software | Small Cap | First Fintec Share Price

₹6.86 -0.19 (-2.70%)

As on 04-Jun'26 16:59

First Fintec Ltd (532379)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532379 NSE: IT - Software | Small Cap | First Fintec Share Price

₹6.86 -0.19 (-2.70%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7 Cr.
Current Price
₹6.9
52-Week Low / High
₹5 / 9
TTM EPS
₹-0.1
TTM Sales
₹2.5 Cr.
Book Value per Share
₹10.1
P/E Ratio
0.00
Industry PE
22.2
Price to Book (P/B)
0.68
Higher than its 5-year historical median
Price to Sales (P/S)
2.82
Lower than its 5-year historical median
EV/EBITDA
40.73
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-0.88%
Underperforms industry median
Return on Capital Employed (ROCE)
0.20%
Underperforms industry median
Return on Assets (ROA)
-0.76%
Operating Profit Margin
-10.3%
Net Profit Margin
-5.13%
Gross Profit Margin
10.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.23%
Operating Profit Growth (1 Year)
-
-161.29%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
47.40%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹10.4 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 287.20

First Fintec stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is First Fintec Ltd a good quality company?
First Fintec Ltd is a quality company, based on a 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 First Fintec Ltd performance compare with that of its Peers?
Q.1 Revenue growth of First Fintec Ltd vs industry peers?
First Fintec Ltd revenue CAGR is 6.59%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of First Fintec Ltd?
Promoters hold 47.40% of the First Fintec Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of First Fintec Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -0.4% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
First Fintec 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 1.6%1%0.8%-5.6%-17.8%-35.9%-25%-15.2%-2.4%0.2%-
Value Creation
Index
-0.9-0.9-0.9-1.4-2.3-3.6-2.8-2.1-1.2-1.0-

Growth Parameters

Sales 14.214.9106.71.30.10.65.81.81.83
Sales YoY Gr.-4.4%-32.7%-33.4%-80.1%-90.2%384.6%825.4%-69.3%2.2%-
Adj EPS 0.10.10.1-1.7-4.7-5.7-3.3-1.6-0.2-0.1-0.1
YoY Gr.-22.2%9.1%-1491.7%NANANANANANA-
BVPS (₹) 29.629.429.627.522.615.31210.410.210.210.1
Adj Net
Profit
0.10.10.1-1.7-4.9-5.9-3.4-1.7-0.2-0.1-0
Cash Flow from Ops. 1.51.54.87.55.30.5-0.2-0.20.8-0.1-
Debt/CF from Ops. 0.60.30.10.10.10.7-2.7-3.80.3-2.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -20.4%6.6%42.7%2.2%
Adj EPS -200%NANANA
BVPS-11.2%-14.7%-5.4%-0.7%
Share Price 1.4% 2.8% 13.4% -5.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.30.40.4-5.9-18.8-29.9-23.9-14.2-1.8-0.9-0.5
Op. Profit
Mgn %
3.35.311.116.2-43.9-876.7-755.317.3-10.3-1.3
Net Profit
Mgn %
0.70.81.3-26.1-366.8-4535.9-539.3-28.4-10.8-5.1-2.1
Debt to
Equity
00000000.1000
Working Cap
Days
5515086817462,1067,92139149228261125
Cash Conv.
Cycle
4113975205151,0912,78013718119134100

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales14.2414.8710.016.671.330.130.635.831.781.83
Operating Expenses > + 13.7614.088.895.591.921.271.105.521.482.02
Manufacturing Costs12.2812.547.824.690.950.620.020.030.030.03
Material Costs0000000.584.990.911.28
Employee Cost 1.091.190.780.570.470.460.340.340.360.52
Other Costs > 0.390.360.290.320.500.190.170.160.170.18
Operating Profit > 0.470.791.111.08-0.59-1.14-0.470.310.31-0.19
Operating Profit Margin (%) 3.3%5.3%11.1%16.2%-43.9%-876.0%-75.0%5.2%17.3%-10.3%
Other Income > + 0.540.390.370.330.330.140.1400.560.39
Exceptional Items > -0.060-0.0100-1.650.01000
Interest > 0.130.060.050.050.050.020.01000
Depreciation > 0.400.871.233.094.484.593.342.171.140.17
Profit Before Tax > 0.430.250.20-1.73-4.79-7.26-3.68-1.87-0.260.02
Tax > 0.370.140.080.010.10-0.22-0.29-0.21-0.070.12
Profit After Tax 0.060.120.12-1.74-4.89-7.04-3.38-1.65-0.19-0.09
PAT Margin (%) 0.4%0.8%1.2%-26.1%-366.0%-5,427.0%-538.0%-28.4%-10.8%-5.1%
Adjusted EPS (₹)0.10.10.1-1.7-4.7-6.8-3.3-1.6-0.2-0.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of First Fintec - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 30.8130.6230.7528.6323.4715.8812.4910.8410.6510.57
Share Capital 10.4010.4010.4010.4010.4010.4010.4010.4010.4010.40
Reserves 20.4020.2220.3418.2213.065.472.090.440.250.17
Debt +0.860.500.500.490.620.380.530.680.210.25
Long Term Debt0.38000000000
Short Term Debt0.490.500.500.490.620.380.530.680.210.25
Minority Interest0000000000
Trade Payables0.440.630.210.170.220.190.110.050.040.06
Others Liabilities 2.102.152.192.162.171.951.661.451.381.50
Total Liabilities 34.2033.9133.6531.4526.4718.4014.7813.0212.2812.39

Fixed Assets

Net Fixed Assets +11.5511.4915.1019.1319.8117.4014.061211.0410.97
Gross Block49.9741.6846.5146.4546.4037.9337.9338.0438.2238.32
Accumulated Depreciation38.4230.1931.4127.3326.5920.5323.8726.0427.1827.35
CWIP 0000000000
Investments 1.791.791.781.781.780.130000
Inventories00000.550.300.11000
Trade Receivables16.7716.6412.716.441.060.070.030.570.670.77
Cash Equivalents 0.040.020.020.010.040.080.160.020.010.03
Others Assets 4.053.974.044.093.230.410.420.430.560.62
Total Assets 34.2033.9133.6531.4526.4718.4014.7813.0212.2812.39

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.461.454.827.505.340.52-0.20-0.180.79-0.09
PBT 0.490.250.21-1.73-4.79-5.61-3.68-1.87-0.260.02
Adjustment 0.340.871.223.094.484.593.342.171.140.19
Changes in Working Capital 0.770.373.436.145.741.540.14-0.48-0.08-0.3
Tax Paid -0.13-0.05-0.040-0.09-0000-0
Cash Flow From Investing Activity + -1.03-1.11-4.82-7.50-5.44-0.250.14-0.11-0.340.06
Capex -1.11-1.11-4.83-7.50-5.44-0.250000
Net Investments 0.0800.010000.14-0.1100
Others 00000000-0.340.06
Cash Flow From Financing Activity + -0.51-0.360-0.010.12-0.230.140.15-0.470.05
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid 0000000000
Others -0.51-0.360-0.010.12-0.230.140.15-0.470.05
Net Cash Flow -0.08-0.020-00.020.040.09-0.14-0.010.02

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.170.380.39-5.86-18.76-35.78-23.85-14.16-1.79-0.88
ROCE (%)1.640.990.8-5.58-17.82-35.86-25.04-15.21-2.360.2
Asset Turnover Ratio0.390.440.30.20.050.010.040.420.140.15
PAT to CFO Conversion(x)24.3312.0840.17N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days430.20410.10535.20523.801,027.101,591.302918.60126.20143.50
Inventory Days0000151.301,202.10120.70000
Payable Days00000093.405.8018.7015

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

First Fintec Ltd FAQs

The current trading price of First Fintec on 04-Jun-2026 16:59 is ₹6.86.

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 03-Jun-2026 the market cap of First Fintec stood at ₹7.14 Cr

The latest P/E ratio of First Fintec as of 03-Jun-2026 is 0.00.

The latest P/B ratio of First Fintec as of 03-Jun-2026 is 0.68.

The 52-week high of First Fintec is ₹9.31 and the 52-week low is ₹5.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of First Fintec is ₹2.53 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that First Fintec Ltd is a below average quality company.

The key valuation ratios of First Fintec 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 Weak which suggest that the price of First Fintec Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About First Fintec Ltd

FirstObject Technologies (FTL) was incorporated as IQMS Software Limited on March 3, 2000 as a public limited company, under the provisions of the companies Act, 1956. The company obtained certificate for Commencement of Business on 13th March, 2000.

The company is a provider of integrated business, technology and process solutions on a global delivery platform.

In the year 2000, the company went for and Initial Public Offering (IPO). FTL is today listed on the Bombay Stock Exchange (BSE) Mumbai enjoys B Group Listing on BSE.

FirstObject as a management consulting, technology services and outsourcing company, combines unparalleled experience, comprehensive capabilities across all industries as well as business functions, and extensive research on the world's most successful companies. It collaborates with clients to help them become high-performance businesses.

India, Middle East and USA IT business units of FirstObject are one of the fastest growing companies. The business units offer a 360 degree service portfolio spanning the entire IT life cycle. This includes Consulting, Business Solutions, System Integration, Infrastructure, Application Management and Total Outsourcing services where we service all IT needs of a customer, end-to-end.

During the period between 2001 and 2003, the company was into development and implementation of software under the Enterprise Resource Planning (also know as ERP) and in the course had taken up ERP consulting and development of proprietary application software for the implementation of ERP. Though the business of ERP kick started well, but due to the recession in USA during 2001 and 2003, the consulting business of the company got affected. Subsequent to which the product development business also got affected.

From 2003 to 2007, the company went into the stage of cash flow crisis and on course non maintenance of staff and developers and all the projects remained unattended and unfinished. The promoters and directors could not find any good scheme to revamp the organization and bring back the company from the situation that it was in between 2003 and 2007.

The company in the financial year 2007-08, with the help of strategic investors and restructuring advisors, with the induction of fresh equity through preferential issuance has been brought back into stream of the business. FTL has piloted the projects successfully and able to get some good clients and the company has turned around for the first time during 2007-08.

The company added many reputed and established personalities on to its board under whose direction and guidance the company has achieved its Turn Around in 2007-08.

The company also added its consolidated strength through its subsidiary by name Tractel Solutions Inc, USA and entered into various strategic alliances with leading companies in the world for business verticals and added to its forte the world’s leading clients through its KPO division.

FirstObject as a part of its business restructuring and strengthening process has entered into a strategic alliance with Object Xperts Inc, USA.

FirstObject Technologies has minority stake in Octant Interactive Technologies Limited. Whose, interactive technology based emergency medical care IPR’s are awaiting the commercial launch on a grand scale and the company is poised for bidding High Value Contracts for these specialized services.

FirstObject offers deep industry expertise for:

  • Automotive
  • Consumer Products, Retail and Distribution
  • Energy, Utilities and Chemicals
  • Financial Services
  • Healthcare
  • Life Sciences
  • Manufacturing
  • Public Sector
  • Telecom, Media Entertainment
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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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