Sunshine Capital Limited (SCL) was founded on July 11, 1994. It is an Indian NBFC (Non-Banking Financial Company) registered with the Reserve Bank of India since September 25, 1998. In the last five years, its stock has given a massive return of around 500%. Will Sunshine Capital continue to provide such great returns in the future as well? Let’s explore Sunshine Capital’s growth potential and the Sunshine Capital share price target 2025 to 2050 in this article.
Securities and Stock Trading: Sunshine Capital trades securities and stock certificates.
Interest Income from Loans and Advances: The company gives loans and advances to customers and makes most of its money from interest income.
Retail Loan Services: Sunshine Capital now offers personal and business loans to a wider range of customers, such as professionals and students, by expanding into the retail market.
Insurance Broking and Mutual Fund Distribution: Sunshine Capital also offers insurance broking and mutual fund distribution.
Sunshine Capital Fundamental Analysis
Stock Name
Sunshine Capital Ltd.
Market Cap
₹ 209 Cr.
52W High
₹ 3.70
52W Low
₹ 0.37
Stock P/E
163
Book Value
₹ 1.39
Dividend Yield
0.00 %
ROCE
0.18 %
ROE
0.33 %
Face Value
₹ 1.00
Industry PE
25.3
Price to book value
0.28
Debt to equity
0.00
PEG Ratio
19.2
Quick ratio
0.14
Sunshine Capital Shareholding Pattern
Shareholders
March 2023
March 2024
March 2025
Promoters
5.50%
5.50%
19.03%
FIIs
0.00%
0.00%
0.53%
Public
94.51%
94.50%
80.45%
No. of Shareholders
598
5,055
1,35,951
Key Factors Driving Sunshine Capital Future Growth
Rising Demand for Micro and SME Financing: India’s MSME sector is rapidly expanding due to digitalisation and government initiatives such as Make in India, PMEGP, and Startup India, leading to an increase in demand for financing. Sunshine Capital, as a non-banking financial company (NBFC), is well-positioned to serve this underserved segment while maintaining consistent loan book growth.
Government Push for Financial Inclusion: The government is promoting financial inclusion through initiatives like Jan Dhan Yojana, MUDRA loans, and digital banking reforms. Sunshine Capital can use these policies to expand its rural and semi-urban footprint, which aligns with the government’s financial inclusion strategy.
Focus on Unsecured and Retail Lending: With rising consumption-driven credit demand in Tier 2 and Tier 3 cities, Sunshine Capital’s retail lending model, particularly unsecured personal loans and consumer financing, has the potential to deliver high yields and scaled customer acquisition.
Diversification of Product Portfolio: Adding gold loans, vehicle financing, education loans, or small-ticket business loans can help Sunshine Capital diversify its risks and customer base, resulting in consistent earnings growth.
Rising Credit Demand in Semi-Urban India: As economic activity in non-metro regions accelerates, demand for affordable credit is on the rise. Sunshine Capital’s focus on these geographies gives it a strategic edge in capturing early-stage growth.
Favorable Regulatory Environment for NBFCs: The RBI’s support for strengthening the NBFC ecosystem, including revised guidelines for governance and liquidity, provides a stable regulatory framework for Sunshine Capital’s long-term operations.
Pros of Sunshine Capital
Strong Sales Growth: Sunshine Capital sales have grown at 24% CAGR over the last five years.
Strong Profit Growth: Sunshine Capital profits have grown at 36% CAGR over the last three years.
Low P/B Ratio (Undervalued Stock): Sunshine Capital’s Price-to-Book Value (P/B) ratio is 0.28, indicating that its stock is trading below its intrinsic value and may be undervalued.
Increase in FIIs Holding: Foreign Institutional Investors (FIIs) have increased their holding to 0.53% in March 2025 from 0.00% in December 2024, which indicates growing confidence in the Sunshine Capital future potential by the FIIs.
Cons of Sunshine Capital
Low Return on Equity (ROE): Sunshine Capital’s 5-years average ROE is 0.30%, which shows that Sunshine Capital is not using shareholders’ funds efficiently to generate profits.
Low Return on Capital Employed (ROCE): Sunshine Capital’s 5-year average ROCE is 0.25%, which indicates that Sunshine Capital is not utilizing its capital efficiently to generate profits.
Overvaluation Concern: Sunshine Capital stock is trading at a PE ratio of 163, which is relatively higher than the industry average of 25.3, which indicates that the stock is overvalued compared to its peers.
Low Promoter Holding: Sunshine Capital promoter holding is 19.0%, which is relatively low. This may indicate low promoter confidence and less control over decision-making, allowing outside investors to have more influence.
Sunshine Capital Ltd Balance Sheet
Particulars
March 2023
March 2024
March 2025
Equity Capital
13.02
104.17
522.92
Reserves
89.56
-48.80
201.76
Borrowings
0.00
670.00
0.70
Other Liabilities
0.48
48.50
48.28
Total Liabilities
103.06
773.87
773.66
Fixed Assets
7.75
8.41
370.60
CWIP
0.00
0.00
0.00
Investments
0.20
362.17
0.00
Other Assets
95.11
403.29
403.06
Total Assets
103.06
773.87
773.66
Sunshine Capital Share Price Target 2025
By the end of 2025, the Sunshine Capital share price is expected to be around ₹0.5 in normal conditions. In a bear market, it might be ₹0.36, and in a bull market, it may go up to ₹0.6.
Sunshine Capital Share Price Target 2025
Rupees (₹)
Bear Market
0.36
Normal Market
0.5
Bull Market
0.6
Sunshine Capital Share Price Target 2026
In 2026, the Sunshine Capital share price is expected to be around ₹0.6 in a normal situation. In a bear market, it might be ₹0.39, and in a bull market, it may cross ₹0.8.
Sunshine Capital Share Price Target 2026
Rupees (₹)
Bear Market
0.39
Normal Market
0.6
Bull Market
0.8
Sunshine Capital Share Price Target 2027
According to our analysis, the Sunshine Capital share price is expected to be around ₹0.72 in 2027. In a bear market, it might be ₹0.43, and in a bull market, it may cross ₹1.0.
Sunshine Capital Share Price Target 2027
Rupees (₹)
Bear Market
0.43
Normal Market
0.72
Bull Market
1.0
Sunshine Capital Share Price Target 2028
According to our analysis, the Sunshine Capital share price may trade near ₹0.86 by 2028; bearish conditions could pull it down to ₹0.47, while a strong bull run might lift it to ₹1.3.
Sunshine Capital Share Price Target 2028
Rupees (₹)
Bear Market
0.47
Normal Market
0.86
Bull Market
1.3
Sunshine Capital Share Price Target 2029
Under normal conditions, the Sunshine Capital share price might hit ₹1.03 by 2029. A bearish trend could lower it to ₹0.52, whereas a bullish surge could raise it to ₹1.7.
Sunshine Capital Share Price Target 2029
Rupees (₹)
Bear Market
0.52
Normal Market
1.03
Bull Market
1.7
Sunshine Capital Share Price Target 2030
In a normal situation, the Sunshine Capital share price is projected to be approximately ₹1.24 in 2030. In a bear market, the value may be as low as ₹0.57, while in a bull market, it may rise to ₹2.3.
Sunshine Capital Share Price Target 2030
Rupees (₹)
Bear Market
0.57
Normal Market
1.24
Bull Market
2.3
Sunshine Capital Share Price Target 2035
By 2035, the Sunshine Capital share price is projected to be around ₹2.5 under normal conditions. In adverse markets, the price could fall to ₹0.8, while favorable conditions might push it up to ₹6.9.
Sunshine Capital Share Price Target 2035
Rupees (₹)
Bear Market
0.8
Normal Market
2.5
Bull Market
6.9
Sunshine Capital Share Price Target 2040
Under normal conditions, the Sunshine Capital share price might hit ₹5 by 2040. A bearish trend could lower it to ₹1.28, whereas a bullish surge could raise it to ₹20.7.
Sunshine Capital Share Price Target 2040
Rupees (₹)
Bear Market
1.28
Normal Market
5
Bull Market
20.7
Sunshine Capital Share Price Target 2050
In 2050, the Sunshine Capital share price is expected to be around ₹20 in a normal situation. In a bear market, it might be ₹3.84, and in a bull market, it may go up to ₹124.2.
Sunshine Capital Share Price Target 2050
Rupees (₹)
Bear Market
3.84
Normal Market
20
Bull Market
124.2
Quick Summary of Sunshine Capital Share Price Target 2025 to 2050
Years
Target Price
Sunshine Capital Share Price Target 2025
₹0.36 to ₹0.6
Sunshine Capital Share Price Target 2026
₹0.39 to ₹0.8
Sunshine Capital Share Price Target 2027
₹0.43 to ₹1.0
Sunshine Capital Share Price Target 2028
₹0.47 to ₹1.3
Sunshine Capital Share Price Target 2029
₹0.52 to ₹1.7
Sunshine Capital Share Price Target 2030
₹0.57 to ₹2.3
Sunshine Capital Share Price Target 2035
₹0.8 to ₹6.9
Sunshine Capital Share Price Target 2040
₹1.28 to ₹20.7
Sunshine Capital Share Price Target 2050
₹3.84 to ₹124.2
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Yogesh Jalwania is a stock market trader and investor with 3+ years of experience. He share valuable insights on stock market trends, mutual funds and IPOs.
