Supra Pacific's loan book hits ₹346 cr, GNPA stays low
Q1 business update shows a gold-heavy loan book and a gross NPA ratio of 1.3%. The nano-cap lender's moderate asset contraction and manageable credit quality are unlikely to move the stock.
— 1 earlier story on Supra Pacific Financial Services Ltd. →What's new
- Loan book at ₹346 cr, quarterly disbursements ₹159 cr vs collections ₹149 cr.
- Gold loans dominate at ₹221 cr; vehicle ₹55 cr, microfinance ₹64 cr.
- Gross NPA of ₹4.5 cr (1.3% of AUM); borrowings at ₹339 cr.
Why this matters
For a ₹165 cr market-cap NBFC targeting ₹2,500 cr in assets, this quarterly snapshot is a routine check-in. The 1.3% GNPA is low, but the debt/equity of 3.29x and ROE of 1.8% suggest the path to that target requires careful capital management.
What we're watching
- Asset growth trajectory after this quarter's mild contraction from March levels.
- Gold loan momentum, which forms 64% of the portfolio.
- Any uptick in NPA or collection efficiency in coming quarters.
The full read
Supra Pacific Financial Services' quarterly business update is a routine but clean snapshot. The loan book stands at ₹346 crore, with gold loans making up ₹221 crore (64%). Disbursements of ₹159 crore outpaced collections of ₹149 crore, and gross NPAs held at ₹4.5 crore, or just 1.3% of AUM. The analyst notes a slight contraction from March-end levels, but the numbers are broadly stable. For a ₹165 crore market-cap NBFC with a trailing ROE of 1.8% and debt/equity of 3.29x, this update offers no surprises. What matters from here is whether the company can accelerate asset growth toward its ₹2,500 crore target without letting credit quality slip. This quarter says it hasn't slipped yet.
Questions answered
- How does the loan book compare to the previous quarter?
- The analyst note suggests a slight contraction from March-end levels, but the exact March figure is not provided in the filing.
- What is the gold loan share of total AUM?
- Gold loans account for ₹221 crore out of ₹346 crore, or roughly 64% of the loan book.
- Is a gross NPA of 1.3% high for an NBFC?
- No. 1.3% is relatively low, particularly for a micro-lender with a gold-heavy portfolio.
- Why does the company need to raise debt despite a low NPA?
- To fund its ambitious asset target of ₹2,500 crore, the company will need external capital. Current debt/equity of 3.29x already indicates leverage.
- How many branches does Supra Pacific operate?
- The company has 92 branches across six states as of June.
Supra Pacific Financial Services Ltd.
Latest quarter · Mar 2026
Leverage & growth
Story so far
All notes on SUPRAPFSL →- 8 Jul 2026 · 3:56 PM IST Supra Pacific's loan book hits ₹346 cr, GNPA stays low
- 37d ago Supra Pacific wants ₹2,500 crore in assets. The debt market gets the first vote.