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Centrum Capital Limited

CENTRUM.NS
26
Financial - Conglomerates · Financial Services
Price
₹23.76
+0.50 (+2.15%)
Market Cap
₹11.27B
Exchange
National Stock Exchange of India
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, along with its subsidiaries, is a diversified financial services provider catering to both institutional and individual clients primarily within India. The company's operations are strategically divided into five core segments: Banking Business, Institutional Business, Wealth Management & Distribution, Housing Finance Business, and SME/Micro Credit Lending Business. Within investment banking, Centrum offers comprehensive advisory and execution services. This encompasses capital market activities such as initial public offerings (IPOs), follow-on offerings, rights issues, various private and qualified institutional placements, and international listings like American and global depository receipts. They also manage convertible issuances, corporate restructuring (e.g., buybacks, delistings, open offers), and provide valuation expertise. Further specializations include mergers and acquisitions (M&A) advisory, structured finance solutions, private equity advisory, and infrastructure project consultation. Beyond investment banking, Centrum extends a range of lending products, including working capital facilities, term and corporate loans, project financing, and external commercial borrowings. Their portfolio also includes home and non-home loans. Additional services cover philanthropy, trust and estate planning, stockbroking, and insurance. The firm is also active in facilitating private debt and venture capital funding. Institutional clients benefit from their equity research services and bond trading capabilities. Founded in 1977, Centrum Capital Limited maintains its primary base in Mumbai, India, while also operating internationally with branches in Wan Chai (Hong Kong), Singapore, and Ebene (Mauritius).

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
0.21%
Small dividend — 0.21% yield

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

Dividend record
Dividend Growth
N/A
Data not available

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