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Oasis Securities Ltd

OASISEC

BSE

₹15.15-4.48%19 Oct 2026 at 2:29 PM

Reports

NBFC Others

Oasis Securities Ltd

OASISEC

BSE

₹15.15

-4.48%

19 Oct 2026 at 2:29 PM

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NBFC Others

Indices

Business Overview: What the company does, in plain English.Forensic Report: Accounting quality and red flags.

Oasis Securities is a listed non-bank lender that earns its keep by making loans and running its own stock-market book - two activities that share the same pool of capital and the same small-team discipline. It began life in 1986 as a trading company called Abhishek India, became an RBI-registered NBFC in 1998, and in mid-2024 was taken over by a new promoter group that is now steering it toward a more systematic, technology-led lending model. The recurring thread is a conservative approach to credit: the company has carried no bad loans through COVID-19, the RBI moratorium, and the years since, and it runs its investment portfolio with the same preference for staying liquid and mark-to-market.

Business segments

A single-engine NBFC with two ways of putting its own money to work - lending to individuals and businesses, and investing in listed and unlisted securities - both run off one balance sheet with no subsidiaries.

1. Lending: the company’s own book, kept deliberately clean

Oasis lends its own capital to borrowers, takes collateral where it can, and has so far collected every rupee it is owed - zero NPAs through multiple economic cycles.

Loans for consumption and business - the company offers consumer loans, secured loans, and asset-backed facilities, covering both personal needs and business funding requirements.
Credit quality before everything - every borrower is put through credit appraisal and risk assessment, and the portfolio is deliberately diversified to avoid concentration; the stated goal is a healthy, balanced loan book, not growth at any cost.
Zero bad loans, even under stress - the company reported no NPAs in FY25, and its borrowers kept their accounts in good stead through the pandemic and the RBI’s loan-moratorium window.
Provisioning by the book - it applies the Expected Credit Loss model under Ind AS 109, staging every loan and building an allowance even when all loans sit in Stage 1; as of March 2023, the gross loan book was roughly Rs. 3.4 crore with a provision of about Rs. 21 lakh held against it.
Entirely domestic, partly unsecured - the loan portfolio is wholly within India, and in earlier years it was entirely unsecured; the company also extends small loans to its own employees.

2. Investment portfolio: a proprietary book of equities and mutual funds

The company runs its own investment portfolio of quoted and unquoted securities, marked to market every period, so its income swings with the stock market.

Fair value through profit and loss - most investments - equity shares, preference shares, and mutual funds - are carried at FVTPL, meaning every gain or loss flows straight into the profit-and-loss statement.
A mix of household names and private bets - the quoted portfolio has held stocks such as Ambuja Cement, Avenue Supermart, SBI Cards, Mazagon Dock, and Nazara Technologies; the unquoted book has included Hero Fincorp, Chennai Super Kings, and HDB Financial Services.
No debt, no interest-rate exposure - the company carries no borrowings and holds no interest-bearing instruments, so it has no interest-rate risk to manage.
India-only, with manual valuations for the unlisted - all operations are domestic, so there is no foreign-currency risk; for unquoted holdings where market prices do not exist, management uses techniques such as the amortised-cost method to arrive at a fair value.

Group structure and partners

Oasis Securities is a standalone company with no subsidiaries or joint ventures, controlled by a promoter group that also runs a fintech-education business in which Oasis intends to take a stake.

No subsidiaries, no associates - the company has no subsidiaries, joint ventures, or associates as of the latest filings; it previously held a small stake in Ikab Securities and Investment Limited, carried at amortised cost, but that relationship no longer appears in the current structure.
A clean-sweep acquisition in 2024 - on 18 July 2024, Rajesh Kumar Sodhani, Priya Sodhani, and Gyan Chand Jain completed the purchase of 70.65% of the company from the outgoing Bagri-family promoters, who exited entirely; the mandatory open offer to public shareholders drew no tenders, so the public float remained at 29.35%.
Promoters with adjacent financial businesses - Managing Director Rajesh Kumar Sodhani is a finance post-graduate, an IRDA-registered insurance intermediary, and the founder of a SEBI-registered research-analyst firm; he and Priya Sodhani are also promoters and directors of Sodhani Academy of Fintech Enablers Ltd (SAFE), an e-learning company that trains people in financial products.
A related-party investment in the works - in January 2025, the board approved an investment of up to Rs. 1.5 crore in SAFE shares, to be bought from the open market at arm’s length, giving Oasis up to a 1.75% stake in a company with a net worth of about Rs. 6.6 crore and FY24 turnover of roughly Rs. 3.1 crore.
Capital actions to widen the base - the board also approved a 1:10 stock split (Rs. 10 face value to Re. 1) and a rights issue of up to Rs. 49 crore, both aimed at enlarging the shareholder base and funding future activity, subject to approvals.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

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Documents

Edit Ratios

Mkt Cap

Market Capitalization

₹70Cr

Close Price

₹15.15

Industry

NBFC Others

Price To Earnings

52.24

Price To Sales

30.33

Revenue

₹2Cr

Rev Gr TTM

Revenue Growth TTM

49.03%

PAT Gr TTM

PAT Growth TTM

-27.63%

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	1	1	0	1	0	0	0	1	0	1	0	1
Growth YoY Revenue Growth YoY%	-6.9	261.3	-63.8	11.6	-88.4	-59.0	-29.4	-5.2	327.3	36.6	58.3	19.8
Interest Expended Interest ExpendedCr	0	0	0	0	0	0	0	0	0	0	0	0
Expenses ExpensesCr	0	0	1	0	0	0	0	0	0	0	1	0
Financing Profit Financing ProfitCr	1	1	-1	1	0	0	0	1	0	0	0	1
FPM FPM%	70.5	63.0	-523.5	80.2	200.0	39.0	-75.0	84.6	70.2	67.9	-236.8	56.9
Other Income Other IncomeCr	0	0	1	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	1	1	0	1	0	0	0	1	0	1	0	1
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	0	0
PAT PATCr	1	1	0	1	0	0	0	1	0	0	-1	0
Growth YoY PAT Growth YoY%	-20.5	138.6	-220.5	55.7	-60.6	-72.1	29.8	-30.5	-7.7	147.1	-75.8	-28.8
NPM NPM%	69.5	61.0	-276.5	99.0	236.4	41.5	-275.0	72.5	51.1	75.0	-305.3	43.1
EPS EPS₹	0.3	0.3	-0.2	0.4	0.1	0.1	-0.1	0.3	0.1	0.2	-0.3	0.3

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	1	1	0	1	0	0	0	1	0	1	0	1
Growth YoY Revenue Growth YoY%	-6.9	261.3	-63.8	11.6	-88.4	-59.0	-29.4	-5.2	327.3	36.6	58.3	19.8
Interest Expended Interest ExpendedCr	0	0	0	0	0	0	0	0	0	0	0	0
Expenses ExpensesCr	0	0	1	0	0	0	0	0	0	0	1	0
Financing Profit Financing ProfitCr	1	1	-1	1	0	0	0	1	0	0	0	1
FPM FPM%	70.5	63.0	-523.5	80.2	200.0	39.0	-75.0	84.6	70.2	67.9	-236.8	56.9
Other Income Other IncomeCr	0	0	1	0	0	0	0	0	0	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	1	1	0	1	0	0	0	1	0	1	0	1
Tax TaxCr	0	0	0	0	0	0	0	0	0	0	0	0
PAT PATCr	1	1	0	1	0	0	0	1	0	0	-1	0
Growth YoY PAT Growth YoY%	-20.5	138.6	-220.5	55.7	-60.6	-72.1	29.8	-30.5	-7.7	147.1	-75.8	-28.8
NPM NPM%	69.5	61.0	-276.5	99.0	236.4	41.5	-275.0	72.5	51.1	75.0	-305.3	43.1
EPS EPS₹	0.3	0.3	-0.2	0.4	0.1	0.1	-0.1	0.3	0.1	0.2	-0.3	0.3

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	34	46	114	2	1	8	11	1	3	2	2	2
Growth Revenue Growth%	416.9	35.9	147.7	-98.6	-21.2	496.8	46.7	-89.3	148.8	-46.2	32.6	49.0
Interest Expended Interest ExpendedCr	0	1	3	1	2	4	6	0	0	0	0	0
Expenses ExpensesCr	34	45	109	1	1	1	3	1	2	1	1	1
Financing Profit Financing ProfitCr	0	0	1	0	-2	3	3	0	1	1	1	1
FPM FPM%	-1.2	-0.7	1.0	-19.1	-128.1	35.4	28.0	12.5	33.8	67.1	48.8	38.1
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	1	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	1	0	-2	3	3	0	2	1	1	1
Tax TaxCr	0	0	0	0	0	0	1	1	0	0	0	1
PAT PATCr	0	0	1	0	-2	3	2	0	1	1	1	1
Growth PAT Growth%	-1,056.7	80.8	1,515.4	-132.6	-433.0	254.3	-9.7	-118.2	439.4	-38.7	17.2	-27.6
NPM NPM%	-1.0	-0.1	0.8	-19.1	-128.9	33.3	20.5	-34.7	47.4	54.0	47.7	23.8
EPS EPS₹	0.0	0.0	0.4	0.0	-0.7	1.1	1.0	-0.2	0.6	0.4	0.4	0.3

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	34	46	114	2	1	8	11	1	3	2	2	2
Growth Revenue Growth%	416.9	35.9	147.7	-98.6	-21.2	496.8	46.7	-89.3	148.8	-46.2	32.6	49.0
Interest Expended Interest ExpendedCr	0	1	3	1	2	4	6	0	0	0	0	0
Expenses ExpensesCr	34	45	109	1	1	1	3	1	2	1	1	1
Financing Profit Financing ProfitCr	0	0	1	0	-2	3	3	0	1	1	1	1
FPM FPM%	-1.2	-0.7	1.0	-19.1	-128.1	35.4	28.0	12.5	33.8	67.1	48.8	38.1
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	1	0	0	0
Depreciation DepreciationCr	0	0	0	0	0	0	0	0	0	0	0	0
PBT PBTCr	0	0	1	0	-2	3	3	0	2	1	1	1
Tax TaxCr	0	0	0	0	0	0	1	1	0	0	0	1
PAT PATCr	0	0	1	0	-2	3	2	0	1	1	1	1
Growth PAT Growth%	-1,056.7	80.8	1,515.4	-132.6	-433.0	254.3	-9.7	-118.2	439.4	-38.7	17.2	-27.6
NPM NPM%	-1.0	-0.1	0.8	-19.1	-128.9	33.3	20.5	-34.7	47.4	54.0	47.7	23.8
EPS EPS₹	0.0	0.0	0.4	0.0	-0.7	1.1	1.0	-0.2	0.6	0.4	0.4	0.3

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	2	2	2	2	2	2	2	2	2	2	2
Reserves ReservesCr	6	6	7	6	5	7	9	9	11	11	12
Borrowings BorrowingsCr	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities Other LiabilitiesCr	0	0	0	0	0	0	32	0	0	0	0
Total Liabilities Total LiabilitiesCr	8	8	9	8	7	9	43	11	13	14	14
Fixed Assets Fixed AssetsCr	0	0	0	6	0	0	0	0	0	0	0
Cash Equivalents Cash EquivalentsCr	0	1	0	0	0	0	1	0	0	0	0
Other Assets Other AssetsCr	7	6	9	2	6	9	42	11	12	13	14
Total Assets Total AssetsCr	8	8	9	8	7	9	43	11	13	14	14

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	2	2	2	2	2	2	2	2	2	2	2
Reserves ReservesCr	6	6	7	6	5	7	9	9	11	11	12
Borrowings BorrowingsCr	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities Other LiabilitiesCr	0	0	0	0	0	0	32	0	0	0	0
Total Liabilities Total LiabilitiesCr	8	8	9	8	7	9	43	11	13	14	14
Fixed Assets Fixed AssetsCr	0	0	0	6	0	0	0	0	0	0	0
Cash Equivalents Cash EquivalentsCr	0	1	0	0	0	0	1	0	0	0	0
Other Assets Other AssetsCr	7	6	9	2	6	9	42	11	12	13	14
Total Assets Total AssetsCr	8	8	9	8	7	9	43	11	13	14	14

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	0	1	1	-1	-1	-6	-12	2	-1	-3	-1
Investing Cash Flow Investing Cash FlowCr	0	2	1	1	1	6	13	-2	1	2	1
Financing Cash Flow Financing Cash FlowCr	0	-1	-3	0	0	0	0	0	0	0	0
Net Cash Flow Net Cash FlowCr	0	1	-1	0	0	0	0	-1	0	0	0
Free Cash Flow Free Cash FlowCr	0	1	1	-2	-1	-6	-13	2	-1	-3	-1
CFO To EBITDA CFO To EBITDA%	-13.1	-292.7	62.5	436.0	65.3	-222.5	-397.1	1,078.4	-67.9	-243.3	-66.5

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	0	1	1	-1	-1	-6	-12	2	-1	-3	-1
Investing Cash Flow Investing Cash FlowCr	0	2	1	1	1	6	13	-2	1	2	1
Financing Cash Flow Financing Cash FlowCr	0	-1	-3	0	0	0	0	0	0	0	0
Net Cash Flow Net Cash FlowCr	0	1	-1	0	0	0	0	-1	0	0	0
Free Cash Flow Free Cash FlowCr	0	1	1	-2	-1	-6	-13	2	-1	-3	-1
CFO To EBITDA CFO To EBITDA%	-13.1	-292.7	62.5	436.0	65.3	-222.5	-397.1	1,078.4	-67.9	-243.3	-66.5

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	6	7	9	5	4	4	14	11	22	52	19	70
Price To Earnings Price To Earnings			9.1			1.8	6.3		15.5	59.7	18.8	52.2
Price To Sales Price To Sales	0.2	0.1	0.1	2.8	3.4	0.6	1.3	8.9	5.7	32.2	8.9	30.3
Price To Book Price To Book	0.8	0.9	1.0	0.6	0.7	0.5	1.3	1.0	1.8	3.9	1.3	1.7
EV To EBITDA EV To EBITDA	-14.7	-15.3	7.5	-14.7	-2.6	1.6	4.4	73.9	21.3	47.9	18.0	82.9
Profitability Ratios Profitability Ratios
FPM FPM%	-1.2	-0.7	1.0	-19.1	-128.5	35.5	28.0	12.3	34.0	67.2	48.6	38.1
NPM NPM%	-1.0	-0.1	0.8	-19.1	-128.9	33.3	20.5	-34.7	47.4	54.0	47.7	23.8
ROCE ROCE%	0.1	17.7	56.0	4.0	6.3	74.9	76.3	1.9	14.4	8.5	8.5	8.5
ROE ROE%	-4.6	-0.9	11.2	-3.8	-25.6	27.9	20.3	-3.8	11.5	6.6	7.1	7.1
ROA ROA%	-4.6	-0.9	10.8	-3.8	-24.3	27.3	5.3	-3.7	11.3	6.4	7.0	7.0
Solvency Ratios Solvency Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	6	7	9	5	4	4	14	11	22	52	19	70
Price To Earnings Price To Earnings			9.1			1.8	6.3		15.5	59.7	18.8	52.2
Price To Sales Price To Sales	0.2	0.1	0.1	2.8	3.4	0.6	1.3	8.9	5.7	32.2	8.9	30.3
Price To Book Price To Book	0.8	0.9	1.0	0.6	0.7	0.5	1.3	1.0	1.8	3.9	1.3	1.7
EV To EBITDA EV To EBITDA	-14.7	-15.3	7.5	-14.7	-2.6	1.6	4.4	73.9	21.3	47.9	18.0	82.9
Profitability Ratios Profitability Ratios
FPM FPM%	-1.2	-0.7	1.0	-19.1	-128.5	35.5	28.0	12.3	34.0	67.2	48.6	38.1
NPM NPM%	-1.0	-0.1	0.8	-19.1	-128.9	33.3	20.5	-34.7	47.4	54.0	47.7	23.8
ROCE ROCE%	0.1	17.7	56.0	4.0	6.3	74.9	76.3	1.9	14.4	8.5	8.5	8.5
ROE ROE%	-4.6	-0.9	11.2	-3.8	-25.6	27.9	20.3	-3.8	11.5	6.6	7.1	7.1
ROA ROA%	-4.6	-0.9	10.8	-3.8	-24.3	27.3	5.3	-3.7	11.3	6.4	7.0	7.0
Solvency Ratios Solvency Ratios

	CAPTRUST	CSL	ACME	OASISEC	MANGIND	GOWRALE	MANTRA
Market CapitalizationMkt CapCr	73	71	71	70	70	69	67
Close PriceClose₹	21.60	22.44	27.52	15.15	0.49	89.00	17.95
IndustryIndustry	NBFC Others	NBFC Others	NBFC Others	NBFC Others	NBFC Others	NBFC Others	NBFC Others
Price To EarningsPE		27.70	61.16	52.24		8.15
Price To SalesPS	1.78	16.84	7.83	30.33	13.99	5.41	3.41
RevenueRevenueCr	41	4	9	2	5	13	20
Revenue Growth TTMRev Gr TTM%	-50.1%	36.0%	-19.3%	49.0%	35.6%	77.7%	248.1%
PAT Growth TTMPAT Gr TTM%	-382.4%	50.0%	-69.7%	-27.6%	-104.7%	42.4%	-54.6%

	CAPTRUST	CSL	ACME	OASISEC	MANGIND	GOWRALE	MANTRA
Market CapitalizationMkt CapCr	73	71	71	70	70	69	67
Close PriceClose₹	21.60	22.44	27.52	15.15	0.49	89.00	17.95
IndustryIndustry	NBFC Others	NBFC Others	NBFC Others	NBFC Others	NBFC Others	NBFC Others	NBFC Others
Price To EarningsPE		27.70	61.16	52.24		8.15
Price To SalesPS	1.78	16.84	7.83	30.33	13.99	5.41	3.41
RevenueRevenueCr	41	4	9	2	5	13	20
Revenue Growth TTMRev Gr TTM%	-50.1%	36.0%	-19.3%	49.0%	35.6%	77.7%	248.1%
PAT Growth TTMPAT Gr TTM%	-382.4%	50.0%	-69.7%	-27.6%	-104.7%	42.4%	-54.6%

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Jun 26