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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
KRA Leasing Limited is a legacy 1990s leasing NBFC that appears largely dormant with a share price of just ₹2.05. The company has no visible online presence and very limited operational disclosure, making it a highly speculative investment with significant risks of capital loss.
Pros
Cons
Business Segments
Asset Leasing
Leasing of machinery, equipment, and assets to corporate clients under financial lease and operating lease arrangements
Hire Purchase Finance
Hire-purchase financing for vehicles and equipment to retail and commercial clients
Revenue Model
KRA Leasing historically generated revenue through interest income on lease receivables and hire-purchase installments. The leasing model involves funding asset purchases and recovering principal and interest over the lease tenor. Current revenue generation appears minimal given the company's distressed share price.
Detailed Analysis
Growth Plans
Possible revival through business restructuring or reverse merger
Sale of residual assets could provide some shareholder value
Change in promoter or management leading to fresh capital infusion
Industry Tailwinds
Possible revival through business restructuring or reverse merger
Recent Developments
KRA Leasing shares trade at ₹2.05 in the unlisted market with extremely thin volumes, suggesting the company is largely inactive.
2024-01Comparable Companies
SHRIRAMFIN · ~₹60,000 Cr
Frequently Asked Questions
About KRA Leasing Limited
KRA Leasing Limited is a Delhi-registered Non-Banking Financial Company (NBFC) specialising in hire purchase, leasing, and financing of automobiles, plant and machinery, electronics, electrical goods, and consumer/commercial/industrial assets. Originally incorporated on 26 March 1990 as Jaquar Leasing Private Limited under CIN L65993DL1990PLC039637, the company was converted to a public limited company on 19 September 1994 and subsequently renamed KRA Leasing Limited on 5 April 2000. The company is registered with the RBI as an NBFC under Certificate of Registration B-14.00888 dated 30 May 1998. KRA Leasing's business model spans two primary revenue streams: financial income (primarily interest on leased/hire-purchased assets) contributing approximately 53.19% of total turnover, and rental income (operating lease receipts) contributing 47.81%. This balanced split between financial income and operating rentals is characteristic of mature leasing NBFCs that have built asset portfolios spanning multiple economic cycles. The registered office is at C-20, SMA Co-operative Industrial Estate, G.T. Karnal Road, Delhi 110033, while corporate operations are managed from Plot No. 3, Sector-11, IMT Manesar, Gurgaon 122050, Haryana — placing the company in proximity to the Gurgaon-Manesar industrial corridor, India's largest hub for automobile manufacturing (Maruti Suzuki, Hero MotoCorp, Bajaj). This geographic positioning is advantageous for an asset finance company focused on automotive and industrial equipment leasing. The company is promoted by Sri Krishan Mehra (DIN: 00058213) who serves as key director. With over 35 years of operations across the hire purchase and leasing space, KRA Leasing has built a track record through multiple credit cycles. The company's RBI NBFC registration provides regulatory legitimacy while its dual-income model (interest plus rentals) offers some resilience against pure interest rate risk.
Key Milestones
1990 — Incorporated in Delhi as a leasing and finance company
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We source & quote
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Sale of residual assets could provide some shareholder value
Change in promoter or management leading to fresh capital infusion
Industry Headwinds
NBFC licence cancellation by RBI
Write-off of residual loan book
Complete cessation of operations without any recovery for shareholders
The company appears near-dormant with a share price of ₹2.05 indicating possible minimal or zero active business operations.
Source: Company Financial Filings
RBI's tightening of NBFC leasing regulations and cancellation of NBFC licences for non-compliant entities poses existential risk.
Source: Regulatory Filings
Extremely low share price and tiny market cap make exit from investment very difficult; shares are near-illiquid.
Source: AlphaHub Research
No public website and limited regulatory filings make it impossible to assess current financial health.
Source: Media Reports / Public Records
The company appears near-dormant with a share price of ₹2.05 indicating possible minimal or zero active business operations.
RBI's tightening of NBFC leasing regulations and cancellation of NBFC licences for non-compliant entities poses existential risk.
Extremely low share price and tiny market cap make exit from investment very difficult; shares are near-illiquid.
No public website and limited regulatory filings make it impossible to assess current financial health.
1990s — Active leasing and hire-purchase business during India's pre-liberalisation finance boom
2000s — Faced headwinds as RBI tightened NBFC leasing regulations
2010s — Gradual decline in operational activity; shares became thinly traded