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Centrum Capital Limited

CENTRUM.BO
26
Financial - Conglomerates · Financial Services
Price
₹23.25
-0.05 (-0.21%)
Market Cap
₹11.00B
Exchange
Bombay Stock Exchange
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 26, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Weak

Share count rising — dilution

+12.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 397.1M (2022) → 446.0M (2026)

Winston Score History

The full picture

Centrum Capital Limited is an Indian financial services firm that provides a wide range of offerings to both institutional and individual clients. Founded in Mumbai in 1977, the company operates through distinct segments: Banking, Institutional Services, Wealth Management & Distribution, Housing Finance, and SME / Micro Credit Lending. The firm's extensive investment banking services include capital market solutions such as initial public offerings (IPOs), follow-on public offerings, rights issues, pre-IPO and qualified institutional placements, and international listings like American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). Centrum also advises on corporate actions, including convertible issuances, buybacks, delistings, open offers, and valuation, in addition to providing advisory services for mergers and acquisitions (M&A), structured finance, private equity, and infrastructure projects. For its lending activities, the company offers working capital, term loans, corporate financing, project finance, and external commercial borrowings, alongside residential and non-residential property loans through its housing finance business. Its wealth management division assists clients with financial and tax planning, family legacy and leadership, philanthropic guidance, and trust and estate administration. This segment also delivers portfolio management and corporate treasury services. Furthermore, Centrum provides stock brokerage services, a comprehensive selection of insurance products (general, travel, health, and life), and facilitates private debt and venture capital funding. The company is also active in institutional equities, offers research services, and engages in bond trading.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-490.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

₹0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Cash Position

Cash flow positive

₹55.7B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Centrum Capital Limited is a rare growth stock that's already generating positive cash flow while growing at 16%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
45.0%
Healthy — 45.0% gross margin
Profit after running costs
Operating Margin
-2.4%
Losing money on operations — -2.4%
Return on the money invested
ROCE
2.9%
Weak — 2.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+43.4%
Fast-growing sales (+43.4% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-14.3%
Burning cash (-14.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
50.74
Heavy debt load (50.74)
Covers its interest
Interest Cover
1.03x
Dangerous — barely covers interest (1.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
0.22%
Small dividend — 0.22% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-16.6%
Dividend cut (-16.6% YoY) — warning sign

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