5Paisa Capital Ltd
5 paisa capital was started in 2007. It is a fintech company having presence mainly in online discounted stock broking, depository services, research, distribution of financial products, and peer-to-peer lending. [1]
Its Promoter is Mr. Nirmal Jain who is also the promoter of IIFL Group. [2] [3]
- Market Cap ₹ 1,638 Cr.
- Current Price ₹ 524
- High / Low ₹ 759 / 301
- Stock P/E 30.1
- Book Value ₹ 173
- Dividend Yield 0.00 %
- ROCE 13.4 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 37.3% CAGR over last 5 years
Cons
- Stock is trading at 3.03 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 32.8%
- Company has a low return on equity of 9.55% over last 3 years.
- Contingent liabilities of Rs.497 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Stock/ Commodity Brokers Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
7 | 20 | 61 | 108 | 195 | 298 | 338 | 395 | |
22 | 51 | 78 | 99 | 150 | 251 | 252 | 284 | |
Operating Profit | -15 | -32 | -17 | 10 | 45 | 47 | 87 | 110 |
OPM % | -199% | -161% | -28% | 9% | 23% | 16% | 26% | 28% |
0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | |
Interest | 1 | 1 | 7 | 15 | 21 | 23 | 21 | 29 |
Depreciation | 0 | 1 | 1 | 4 | 5 | 5 | 9 | 10 |
Profit before tax | -16 | -33 | -25 | -10 | 20 | 18 | 58 | 72 |
Tax % | 29% | 24% | 25% | 18% | 26% | 26% | 25% | 25% |
-12 | -25 | -19 | -8 | 15 | 14 | 44 | 54 | |
EPS in Rs | -3.30 | -9.92 | -7.43 | -3.10 | 5.76 | 4.67 | 14.22 | 17.45 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 45% |
3 Years: | 27% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 37% |
3 Years: | 55% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 13% |
1 Year: | 66% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 10% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 13 | 13 | 13 | 25 | 26 | 29 | 31 | 31 |
Reserves | 76 | 50 | 32 | 113 | 131 | 330 | 433 | 509 |
0 | 16 | 92 | 219 | 234 | 279 | 169 | 336 | |
21 | 52 | 145 | 266 | 477 | 971 | 1,009 | 1,172 | |
Total Liabilities | 109 | 131 | 282 | 624 | 867 | 1,609 | 1,642 | 2,048 |
0 | 2 | 2 | 8 | 8 | 11 | 16 | 25 | |
CWIP | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 3 | 9 | 9 | 14 | 8 | 2 |
109 | 129 | 277 | 605 | 851 | 1,583 | 1,618 | 2,021 | |
Total Assets | 109 | 131 | 282 | 624 | 867 | 1,609 | 1,642 | 2,048 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
-21 | -51 | 15 | -237 | 2 | -141 | 25 | -92 | |
2 | -5 | 1 | 39 | -1 | -12 | -8 | -13 | |
87 | -1 | 27 | 156 | -4 | 225 | -85 | 154 | |
Net Cash Flow | 68 | -56 | 43 | -42 | -3 | 73 | -68 | 50 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 20 | 10 | 12 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||
Days Payable | ||||||||
Cash Conversion Cycle | 20 | 10 | 12 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -210 | -20 | -177 | -75 | -577 | -1,026 | -941 | -897 |
ROCE % | -39% | -17% | 2% | 11% | 8% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 May - Transcript of Earnings Conference Call on Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Apr - Audio recording of Earnings Call on Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Apr - Newspaper Publication in respect of Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2024
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
24 Apr - Allotment of Equity Shares upon Exercise of ESOPs.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Apr - Press Release on the Audited Financial Results (Standalone and Consolidated) for the Quarter and Year ended March 31, 2024
Annual reports
Concalls
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May 2024Transcript PPT
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Jul 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Dec 2022TranscriptNotesPPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022Transcript PPT
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Apr 2022TranscriptNotesPPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Oct 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
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May 2021TranscriptPPT
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Apr 2021Transcript PPT
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Jan 2021Transcript PPT
Background[1]
5paisa started operations as a discount brokerage platform in 2016 and was a wholly-owned subsidiary of IIFL Holdings Ltd (IIFL Holdings; erstwhile listed holding company of IIFL group entities) until 2016. Post the demerger of 5paisa from IIFL Holdings in fiscal 2017, and the subsequent listing of the company, the shareholding pattern mirrored that of IIFL Holdings. As of June 30, 2023, the promoter and promoter group held 33.39% stake and the Fairfax group owned 33.43%.