Emerald Finance shareholders and shareholding pattern
Emerald Finance Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jan 2015
Last close ₹50.40down ₹2.26 (4.29%)
Share price at the BSE close on 28 Oct 2026. Previous close ₹52.66.
28 Oct: open ₹52.92, high ₹53.40, low ₹50.00
52-week range of traded prices to 28 Oct 2026
₹45.23Low, 27 Jul 2026₹93.00High, 13 Nov 2025
- Next results date: the board meets on 4 Nov 2026 to consider: quarterly results. Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹174 Cr2,356th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.80
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.20%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 12.35%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 16.49%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 0.16%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 13.38%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 1.23times net worth
- Volume, BSEVolume. Shares traded on the last trading day. Volume in the glossary
- 17,862
Emerald Finance's shareholding pattern for Sep 2026, filed on 13 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Emerald Finance, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters59.70%
- Foreign institutions1.78%
- Individuals and others38.52%
Shareholding pattern, per cent, from Sep 2022
- Promoters
- Foreign institutions
- Individuals and others
| Per cent | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24.91% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 73.26% | 73.26% | 73.26% | 72.51% | 70.36% | 70.36% | 67.80% | 67.80% | 67.80% | 67.80% | 67.80% | 67.80% | 67.80% | 62.35% | 60.51% | 59.50% | 59.50% | 59.50% | 59.50% | 59.70% | 59.70% | 59.70% | |
| Indian promoters | 24.91% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 33.12% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 66.42% | 73.26% | 73.26% | 73.26% | 72.51% | 70.36% | 70.36% | 67.80% | 67.80% | 67.80% | 67.80% | 67.80% | 67.80% | 67.80% | 62.35% | 60.51% | 59.50% | 59.50% | 59.50% | 59.50% | 59.70% | 59.70% | 59.70% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 75.09% | 66.88% | 66.88% | 66.88% | 66.88% | 66.88% | 66.88% | 66.88% | 66.88% | 33.58% | 33.58% | 33.58% | 33.58% | 33.58% | 33.58% | 33.58% | 33.58% | 33.58% | 26.74% | 26.74% | 26.74% | 27.49% | 29.64% | 29.64% | 32.20% | 32.20% | 32.20% | 32.20% | 32.20% | 32.20% | 32.20% | 37.65% | 39.49% | 40.50% | 40.50% | 40.50% | 40.50% | 40.30% | 40.30% | 40.30% |
| Shares in issue | 30,45,000 | 30,45,000 | 30,45,000 | 30,45,000 | 30,45,000 | 30,45,000 | 30,45,000 | 30,45,000 | 30,45,000 | 90,43,650 | 90,43,650 | 90,43,650 | 90,43,650 | 90,43,650 | 90,43,650 | 90,43,650 | 90,43,650 | 90,43,650 | 2,90,43,650 | 2,90,43,650 | 2,90,43,650 | 2,90,43,650 | 2,90,43,650 | 2,90,43,650 | 3,01,43,650 | 3,01,43,650 | 3,01,43,650 | 3,01,43,650 | 3,01,43,650 | 3,01,43,650 | 3,01,43,650 | 3,27,75,229 | 3,37,75,229 | 3,45,40,319 | 3,45,40,319 | 3,45,40,319 | 3,45,40,319 | 3,45,40,319 | 3,45,40,319 | 3,45,40,319 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. Shares locked in in the glossary | 5,00,000 | 5,00,000 | 5,00,000 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 11,00,000 | 11,00,000 | – | – | – | – | – | 26,31,579 | 36,31,579 | 1,22,66,650 | 96,35,341 | 86,90,341 | 1,14,500 | 1,14,500 | 1,14,500 | 1,14,500 |
| Promoters' shares locked in | 5,00,000 | 5,00,000 | 5,00,000 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 76,36,751 | 76,36,751 | 76,36,751 | 1,14,500 | 1,14,500 | 1,14,500 | 1,14,500 |
Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.
Emerald Finance promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is SANJAY AGGARWAL, 32.38%. The filing names 1 more member with no shares.Promoter buying and selling
| Holder | |||
|---|---|---|---|
| SANJAY AGGARWALIndividuals and Hindu undivided familiesHindu undivided family. A family the tax law treats as one holder: property held in the family's name, shared by its members and managed by one of them. Hindu undivided family in the glossary | 32.38% | 1,11,84,162 | 0.00% |
| ANUBHA AGGARWALIndividuals and Hindu undivided families | 22.31% | 77,06,793 | 1.49% |
| RAM SWAROOP AGARWALIndividuals and Hindu undivided families | 5.01% | 17,30,000 | 0.00% |
No promoter shares are reported as pledged. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.
Largest public holders of Emerald Finance, filing by filing
Per cent, on the same shares as the split above.
| Holder | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MONEY GROWTH INVESTMENT CONSULTANTS PVT LTDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.53% | 1.48% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| MINERVA VENTURES FUNDForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.48% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% | 1.45% |
| KRISHAN KUMAR AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.16% |
| PANKAJ MEHTAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.75% | 2.75% | 2.92% | 2.92% | 2.92% | 2.92% | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% | 2.52% | 1.29% | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
| AGR INVESTMENTS LIMITEDCompanies | 24.63% | 24.63% | 24.63% | 24.63% | 24.63% | 24.63% | 24.63% | 24.63% | 24.63% | 8.29% | 8.29% | 8.29% | 8.29% | 8.29% | – | 8.29% | 8.29% | 8.29% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.58% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | – | 1.15% | 1.06% | 1.03% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
| VISHAL SUDHIR KAMPANIResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.00% | – | – | – | – |
| INVESTI GLOBAL OPPORTUNITY FUND PCC- CELL1Foreign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 8.03% | 7.79% | 7.62% | 4.23% | – | – | – | – | – |
| NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUNDForeign portfolio investors, category I | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.31% | 1.31% | 1.31% | 1.13% | – | – | – | – | – | – | – | – |
| PGA PROFESSIONALS PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.08% | 1.16% | 1.37% | 1.16% | – | 1.16% | – | – | – | – | – | – | – | – | – |
| HARINDER KUMAR SAHUResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.03% | 1.23% | 1.24% | 1.24% | 1.66% | 1.64% | 1.67% | 1.67% | 1.67% | 1.67% | – | 1.14% | – | – | – | – | – | – | – | – | – |
| MONIKA MEHTAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.14% | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | – | 1.11% | – | – | – | – | – | – | – | – | – |
| RAINPAY INDIA PRIVATE LIMITEDCompanies | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 2.59% | 2.59% | 2.59% | 1.67% | – | – | – | – | – | – | – | – | – | – | – | – |
| KAMAL KAMAL MEHTAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.85% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RADHA KRISHNA AGARWALResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | 4.93% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NAVNEET KAUR AHLUWALIAResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | 1.55% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SHWETA AHLUWALIAResident individuals, over ₹2 lakh at face value | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| ATUL ARORAResident individuals, over ₹2 lakh at face value | 3.28% | 3.28% | 3.28% | 3.28% | 3.28% | 3.28% | 3.28% | 3.28% | 3.28% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| DIMPLE SINGLAResident individuals, over ₹2 lakh at face value | – | – | – | – | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| EMILY BOSCO MENEZESResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 1.94% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NIDHI ARORAResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| BOSCO ARMANDO MENEZESResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% | 1.56% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| PRERIT JAYSUKHLAL DOSHIResident individuals, over ₹2 lakh at face value | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1.20% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NAVNEET KAURResident individuals, over ₹2 lakh at face value | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 4.60% | 1.55% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RUDRAKSH ENGINEERS PRIVATE LTDOther non-institutions | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| AKSHAY AGARWALResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| KULTAR SINGHResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| LAVISH AGGARWALResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| MEENU AGGARWALResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RAKESH KUMARResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| SAURABH GUPTAResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RAHUL SONDHIResident individuals, over ₹2 lakh at face value | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| LOKESH AGGARWALResident individuals, over ₹2 lakh at face value | 1.36% | 1.36% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% | 1.28% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| URMILA RANIResident individuals, over ₹2 lakh at face value | 4.93% | 4.93% | 4.93% | 4.93% | 4.93% | 4.93% | 4.93% | 4.93% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| AMAN GARGResident individuals, over ₹2 lakh at face value | 1.64% | 1.64% | 1.64% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| NARINDER KUMAR BANSALResident individuals, over ₹2 lakh at face value | 3.28% | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| PGA PROFESSIONALS LTDOther non-institutions | 3.28% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| HARSHARAN BHULLARResident individuals, over ₹2 lakh at face value | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
| RAJ RANI AGGARWALResident individuals, over ₹2 lakh at face value | 1.64% | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Sep 2026 filing
Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Individuals and others: KRISHAN KUMAR AGARWAL newly named at 1.16%