Northern Arc Capital Ltd.
Current Price
₹275.95
As of 20 May 2026
Market Cap
₹4.42K Cr
As of 20 May 2026
FY26 recovery from DLG shock; FY27 swings on credit-cost guidance revision
Report updated: 2026-05-15
Northern Arc Capital Ltd.
Diversified NBFC + credit-solutions platform — AUM Rs.16,594 Cr (Mar 2026), AA-(Stable) by ICRA + India Ratings. Listed Sep 2024; FY26 PAT Rs.406 Cr (+33%) recovered from FY25 flat Rs.305 Cr that absorbed a one-time Rs.68 Cr DLG provision. D2C 59% of AUM (vs 21% Mar-21); no traditional promoter — top 8 shareholders (LeapFrog 16.2%, Augusta 16.0%, Eight Roads 6.9%, IFC 6.1%, Accion 4.0%, Sumitomo 3.8%, Ashish Dhawan 3.9%, Dvara 2.8%) hold ~60% combined.
Rs.281
Share price
Rs.4,544 Cr
Market cap
Rs.16,594 Cr
AUM (Mar 2026)
Rs.406 Cr
FY26 net profit
11.2x
Trailing P/E
AA-
Credit rating (Stable)
Stock Funda Summary
- Diversified NBFC + credit-solutions platform
- AUM Rs.16,594 Cr (Mar 2026), AA-(Stable).
- FY26 PAT Rs.406 Cr (+33%) cleanly recovered from FY25's flat Rs.305 Cr that absorbed a Rs.68 Cr one-time DLG provision released after RBI's Feb 4 2026 FLDG clarification.
- No traditional promoter — top 8 shareholders (LeapFrog, Augusta, Eight Roads, IFC, Accion, Sumitomo, Ashish Dhawan, Dvara) hold ~60% combined.
- Management revised FY27 credit-cost guidance up from 2.3-2.5% (Oct-25) to 2.7-3.0% (Jan-26) within 3 months — that revision is the single most important leading indicator.