Glance Finance
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Glance Finance Ltd has filed a Private Placement Memorandum with the Securities and Exchange Board of India and committed up to ₹5 crore as a sponsor to Artha Fund VI AQF I, a Category II Alternative Investment Fund managed by Artha India Holdings Private Limited. The commitment will be made in one or more tranches, with the investment period lasting up to 72 months from the final closing of the scheme. The move marks a significant strategic expansion for the nano-cap non-banking financial company into the AIF sponsorship space.
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Glance Finance Ltd has filed a Private Placement Memorandum with the Securities and Exchange Board of India and committed up to ₹5 crore as a sponsor to Artha Fund VI AQF I, a Category II Alternative Investment Fund managed by Artha India Holdings Private Limited. The commitment will be made in one or more tranches, with the investment period lasting up to 72 months from the final closing of the scheme. The move marks a significant strategic expansion for the nano-cap non-banking financial company into the AIF sponsorship space.
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What does Glance Finance do?
Glance Finance Limited is a Non Banking Finance Company engaged in money market operations, trading securities and commodities, and providing financial and accounting consultancy services.
Who are the competitors of Glance Finance?
Glance Finance major competitors are HB Stockholdings, JMJ Fintech, Supra Trends, Key Corp., GDL Leasing & Fin., Anupam Finserv, Shyamkamal Invest.. Market Cap of Glance Finance is ₹36 Crs. While the median market cap of its peers are ₹36 Crs.
Is Glance Finance financially stable compared to its competitors?
Glance Finance seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Glance Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Glance Finance latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is Glance Finance balance sheet?
The companies balance sheet of Glance Finance is weak, but was strong historically.
Is the profitablity of Glance Finance improving?
The profit is oscillating. The profit of Glance Finance is -₹2.82 Crs for TTM, ₹2.32 Crs for Mar 2025 and ₹1.94 Crs for Mar 2024.
Is Glance Finance stock expensive?
Glance Finance is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of Glance Finance is 7.24 while 3 year average PE is 16.21. Also latest Price to Book of Glance Finance is 0.72 while 3yr average is 0.66.
Has the share price of Glance Finance grown faster than its competition?
Glance Finance has given lower returns compared to its competitors. Glance Finance has grown at ~12.81% over the last 10yrs while peers have grown at a median rate of 15.29%
Is the promoter bullish about Glance Finance?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Glance Finance is 74.34% and last quarter promoter holding is 74.34%.
Are mutual funds buying/selling Glance Finance?
There is Insufficient data to gauge this.