Turtlemint Fintech Solutions Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Turtlemint Fintech Solutions Ltd trades at ₹134, building a base and 4 weeks into that stage. That is −0.9% against its own 200-day average. It sits at 55% of a 52-week range of ₹112 to ₹153. On relative strength it has no relative-strength read yet.

Today the stock is building a base — week 4 of stage 1. At ₹134 it trades −0.9% versus its 200-day average and sits at 55% of its 52-week range (₹112–₹153).

Against the market, two honest reads. Cumulative: over the last 2 months the stock moved −1% while the NIFTY 500 moved −2% — ahead of the index over the full window. Recent form: no trailing-13-week read yet — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

P/E does not price Turtlemint Fintech Solutions Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Turtlemint Fintech Solutions Ltd at 3.6× its FY26 revenue of ₹1,098 Cr.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Turtlemint Fintech Solutions Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Turtlemint Fintech Solutions Ltd reported ₹294 Cr of revenue in the Jun 26 quarter, +40.0% year on year. That is the 3rd straight quarter of year-on-year growth. Over 4 years it has compounded at 39.0% a year. The last full year, FY26, came in at ₹1,098 Cr. The last four reported quarters add to ₹1,139 Cr.

FY26 revenue came in at ₹1,098 Cr (+65.6% on the year), capping 4 years at 39.0% compound. The latest quarter (Jun 26) printed ₹294 Cr, +40.0% year on year — the 3rd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +41.2% growth against the decade's 39.0% — the current year is running faster than its own long-run rate.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Turtlemint Fintech Solutions Ltd's operating margin is −11.0% in the Jun 26 quarter, +11.0 percentage points against the same quarter a year ago. Across the last four quarters the operating margin has moved +4.0 percentage points. Across 5 fiscal years the operating margin has ranged −269.0% to −12.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is −11.0%, +11.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −269.0%–−12.0%.

Why the margin moved: operating margin went +3.6 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Turtlemint Fintech Solutions Ltd posted a net loss of ₹38.0 Cr in the Jun 26 quarter. The full FY26 year was a loss of ₹184 Cr. That loss is 12.9% of the quarter's revenue. The same quarter a year earlier lost ₹39.0 Cr.

Jun 26 profit was ₹−38.0 Cr, null year on year. On the full year, FY26 printed ₹−184 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Turtlemint Fintech Solutions Ltd's cash-flow history is too thin to judge how much reported profit converts into cash. In FY26 that was ₹−182 Cr of operating cash against ₹−184 Cr of profit. After ₹6.0 Cr of capital spending, ₹−188 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.

FY26: operating cash of ₹−182 Cr against reported profit of ₹−184 Cr, leaving free cash of ₹−188 Cr after ₹6.0 Cr of capital spending.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Turtlemint Fintech Solutions Ltd's cash conversion cycle runs 53 days in FY26, down from 95 days in FY22. Capital spending ran ₹42.0 Cr over the last 3 years. At FY26 sales of ₹1,098 Cr each day of that cycle holds about ₹3.0 Cr, so roughly ₹159 Cr sits inside the business at any moment.

FY26: debtors at 53 days (an asset-light business — no inventory to speak of) — for a full cycle of 53 days, tighter than FY22's 95.

In money terms: at FY26 sales of ₹1,098 Cr, each day of the cycle holds about ₹3.0 Cr — so the 53-day loop keeps roughly ₹159 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹42.0 Cr over the last 3 fiscal years against ₹65.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Turtlemint Fintech Solutions Ltd earns a ROCE of −36% in FY26. That is up from a trough of −64% in FY23. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −16.8% net margin on 2.44× asset turns.

FY26 ROCE is −36%, recovered from a FY23 trough of −64% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): −16.8% net margin × 2.44× asset turns × 1.48× balance-sheet leverage ≈ −60.7% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Turtlemint Fintech Solutions Ltd carries total debt of ₹18.0 Cr against shareholder equity of ₹305 Cr as of Mar 26, a debt-to-equity of 0.06 — effectively unlevered. On the annual view that ratio went from 0.07 in FY25 to 0.06 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹18.0 Cr against shareholder equity of ₹305 Cr — a debt-to-equity of 0.06. On the annual view, debt-to-equity went from 0.07 (FY25) to 0.06 (FY26). The returns on this page are earned, not borrowed.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Turtlemint Fintech Solutions Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — .

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Turtlemint Fintech Solutions Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions