Finkurve Financial Services Ltd
Arvog (Finkurve Financial Services Limited) is a cutting-edge, AI/ML-powered, customer-centric finance company revolutionising the lending industry. The company aspires to provide simple, swift, and effective digital lending solutions. It specialises in digital personal and gold loans. It is registered as a NBFC.[1]
- Market Cap ₹ 666 Cr.
- Current Price ₹ 52.5
- High / Low ₹ 104 / 46.6
- Stock P/E 49.6
- Book Value ₹ 14.1
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 8.66 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 51.6% CAGR over last 5 years
Cons
- Stock is trading at 3.72 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.31% over last 3 years.
* 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: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 2 | 9 | 10 | 12 | 15 | 16 | 20 | 44 | 50 | 84 | |
0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 3 | 7 | 13 | 26 | 60 | |
Operating Profit | -0 | -0 | -0 | 2 | 9 | 10 | 11 | 13 | 13 | 13 | 31 | 25 | 24 |
OPM % | -255% | -483% | -3% | 89% | 97% | 95% | 87% | 85% | 82% | 64% | 70% | 49% | 29% |
0 | -0 | -0 | -0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | |
Interest | -0 | -0 | 0 | 2 | 8 | 9 | 8 | 12 | 8 | 7 | 3 | 5 | 6 |
Depreciation | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Profit before tax | -0 | -0 | -0 | 0 | 1 | 1 | 3 | 1 | 5 | 6 | 27 | 20 | 18 |
Tax % | 30% | 31% | 27% | 18% | 30% | 32% | 32% | 33% | 25% | 26% | 20% | 27% | |
-0 | -0 | -0 | 0 | 1 | 1 | 2 | 1 | 4 | 5 | 22 | 14 | 13 | |
EPS in Rs | -0.02 | -0.02 | -0.03 | 0.01 | 0.05 | 0.06 | 0.19 | 0.08 | 0.32 | 0.36 | 1.70 | 1.13 | 1.06 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 96% |
5 Years: | 33% |
3 Years: | 46% |
TTM: | 114% |
Compounded Profit Growth | |
---|---|
10 Years: | 54% |
5 Years: | 52% |
3 Years: | 53% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 7% |
3 Years: | 7% |
1 Year: | -25% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 10 | 10 | 10 | 10 | 10 | 10 | 13 | 13 | 13 | 13 | 13 |
Reserves | 9 | 9 | 1 | 1 | 1 | 2 | 4 | 4 | 119 | 123 | 145 | 160 | 166 |
-0 | -0 | 4 | 30 | 72 | 75 | 110 | 93 | 73 | 76 | 24 | 52 | 46 | |
0 | 0 | 0 | 0 | 1 | 7 | 3 | 0 | 1 | 3 | 4 | 10 | 19 | |
Total Liabilities | 11 | 11 | 14 | 41 | 83 | 93 | 127 | 107 | 206 | 215 | 186 | 235 | 243 |
0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
Investments | -0 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 13 | 5 | 4 | 4 |
11 | 0 | 4 | 31 | 73 | 83 | 117 | 97 | 195 | 202 | 180 | 229 | 238 | |
Total Assets | 11 | 11 | 14 | 41 | 83 | 93 | 127 | 107 | 206 | 215 | 186 | 235 | 243 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-9 | 10 | -4 | -24 | -33 | 8 | -30 | 30 | -84 | 6 | 29 | -20 | |
-0 | -10 | 0 | -0 | -0 | -0 | -0 | -0 | -1 | -1 | 28 | -1 | |
10 | -0 | 3 | 25 | 33 | -6 | 28 | -29 | 85 | -4 | -56 | 23 | |
Net Cash Flow | 1 | -1 | 0 | 1 | 0 | 2 | -3 | 1 | -0 | 1 | 1 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | -0 | -0 | -0 | -0 | 1 | -0 | -0 | -0 | 11 | -0 | -0 | -0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | -0 | -0 | -0 | -0 | 1 | -0 | -0 | -0 | 11 | -0 | -0 | -0 |
Working Capital Days | -995 | -304 | 4,270 | 5,412 | 2,757 | 2,585 | 3,379 | 20 | -4 | -25 | -22 | -50 |
ROCE % | -4% | -3% | -0% | 6% | 15% | 12% | 10% | 11% | 9% | 6% | 5% | 12% |
Documents
Announcements
- Closure of Trading Window 1d
- Revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 2d
- Revised Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 2d
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 23 Mar
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 23 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Products and Services
Forex: The Co manages the Forex segment through its subsidiary Arvog Forex Private Limited (formerly known as Supama Forex Private Limited) which was formed in 1996. It has a license for Import and Export of all major currency notes in association with Global Foreign Exchange Trading Houses. [1]
Finance: The Co provides Education Loans, Digital Microloans (like PayDay, Advance Salary etc), Gold Loans and MSME Loans. It has partnered with leading FinTechs like FinancePeer,PayMe India and Happy Loans. [2]
Venture: The Co. invests in fast growing ventures spanning across diverse sectors (Fintech, Edutech, Realty Tech, Mobility Tech, InfraTech, Consumer, F&B). Some of the notable investments include NewsBytes, cleardekho, carcrew etc. [3]