NSE: FUSION | BSE: 543652

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166.64 -3.43 (-2.02%)

34.43% Gain from 52W Low

461.7K NSE+BSE Volume

NSE 11 Nov, 2025 3:31 PM (IST)

2,192.2

Market Cap

Below industry Median

1.2

Beta 1Year

Very High Volatility

Fusion Finance Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for FUSION, BSE:543652 Fusion Finance Ltd.

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Fusion Finance Ltd.

07 Nov 2025

166.64

-2.02%

Improvement across businesses; path to profitability enhancement may be gradual

Buy: Fusion Finance Ltd.

ICICI Securities Limited

Post the management change in Mar’25 with Mr. Sanjay Garyali taking the charge as CEO of Fusion Finance, the company has focused on building blocks for a sustainable and resilient portfolio.

ICICI Securities Limited released a Buy report for Fusion Finance Ltd. with a price target of 225.0 on 07 Nov, 2025.

Fusion Finance Ltd.

26 May 2025

166.64

-2.02%

Progressive improvement in collections and flow rates

Neutral: Fusion Finance Ltd.

Motilal Oswal

Fusion Finance (“Fusion”) reported a net loss of ~INR1.65b in 4QFY25 (vs MOFSLe loss of INR1.4b). FY25 loss stood at INR12.2b (vs. PAT of INR5b in FY24).

Fusion Finance Ltd. is trading below all available SMAs

Fusion Finance Ltd.

14 Feb 2025

166.64

-2.02%

Weak performance; front-loading stress for a cleaner FY26

Neutral: Fusion Finance Ltd.

Target

Motilal Oswal

Fusion reported a net loss of ~INR7.2b in 3QFY25 (vs. MOFSLe loss of INR2b), as NIM contracted due to interest income reversals and the reversal of all net Deferred Tax Assets (DTA) to date.

Fusion Finance Ltd. is trading below all available SMAs

Fusion Finance Ltd.

13 Feb 2025

166.64

-2.02%

Weak financial performance continues; stress pool remains bloated

Sell: Fusion Finance Ltd.

Target

ICICI Securities Limited

Fusion Finance (Fusion) has bolstered its balance sheet by upping its provision cover across Stage-1/2/3 assets and de-recognising interest income on Stage-3 assets.

Fusion Finance Ltd. has an average target of 197.50 from 2 brokers.

Fusion Finance Ltd.

17 Nov 2024

166.64

-2.02%

Dismal quarter; auditor noted uncertainty in going concern premise

Neutral: Fusion Finance Ltd.

Recommendation Target

Motilal Oswal

Fusion Microfinance (Fusion) reported a net loss of ~INR3.1b in 2QFY25 (vs. MOFSLe loss of ~INR1.8b) due to significantly high credit costs.

Fusion Finance Ltd. is trading below all available SMAs

Fusion Finance Ltd.

23 Sep 2024

166.64

-2.02%

Higher LLP guidance; management change calls for extended caution

Sell: Fusion Finance Ltd.

Recommendation Target

Emkay

Fusion Finance had posted disproportionately higher stress/LLP in 1Q, and indicated guiding on incremental LLP after assessing the asset quality trend in 2Q.

Fusion Finance Ltd. is trading below all available SMAs

Fusion Finance Ltd.

07 Aug 2024

166.64

-2.02%

Elevated credit cost marred earnings; asset quality improvement would be gradual

Sell: Fusion Finance Ltd.

Recommendation Target

ICICI Securities Limited

Fusion Microfinance’s (Fusion) Q1FY25 earnings were marred by elevated credit cost at INR 3.5bn vs INR 1.2bn QoQ. This was led by it proactively moving 55k customers with exposure of INR 2.21bn.

Fusion Finance Ltd. is trading below all available SMAs

Fusion Finance Ltd.

07 May 2024

166.64

-2.02%

Delivers superior RoA despite higher LLP

Buy: Fusion Finance Ltd.

Emkay

Fusion MFI continues to report strong earnings with PAT at Rs1.33bn and RoA
at 4.7%, mainly led by continued margin expansion and higher fees. However,
LLP remains elevated at 4.7%, primarily due to stress in the state of Punjab,
specific PCR build-up, and incremental management overlay of Rs0.2bn. T

ICICI Securities Limited released a Buy report for Fusion Finance Ltd. with a price target of 225.0 on 07 Nov, 2025.

Fusion Finance Ltd.

07 May 2024

166.64

-2.02%

Earnings miss due to elevated credit costs; NIM rose ~5bp QoQ

Buy: Fusion Finance Ltd.

Target

Motilal Oswal

? Fusion’s 4QFY24 PAT grew 16% YoY to ~INR1.33b (9% miss) because of
elevated credit costs. NII grew 31% YoY to ~INR3.6b, while PPoP also grew
31% YoY to ~INR2.9b (7% beat). FY24 PAT grew 31% YoY to INR5.1b