Finkurve Financial Services Ltd

Finkurve Financial Services Ltd

₹ 70.0 -2.15%
19 Apr - close price
About

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]

Key Points

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]

  • Market Cap 888 Cr.
  • Current Price 70.0
  • High / Low 104 / 46.6
  • Stock P/E 66.1
  • 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
  • Promoter holding has increased by 4.37% over last quarter.

Cons

  • Stock is trading at 4.97 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
3.50 6.19 4.62 6.22 5.63 6.17 8.30 10.78 14.06 17.29 19.99 23.06 23.64
2.80 2.76 1.66 2.19 4.35 4.74 3.56 3.08 6.84 12.16 15.75 16.30 15.31
Operating Profit 0.70 3.43 2.96 4.03 1.28 1.43 4.74 7.70 7.22 5.13 4.24 6.76 8.33
OPM % 20.00% 55.41% 64.07% 64.79% 22.74% 23.18% 57.11% 71.43% 51.35% 29.67% 21.21% 29.31% 35.24%
0.10 -0.13 0.01 0.00 0.00 20.96 0.00 0.13 0.00 0.06 0.04 0.04 0.07
Interest 1.81 1.52 0.52 1.73 0.56 0.51 0.78 1.22 1.46 1.49 1.57 1.17 1.65
Depreciation 0.02 0.13 0.04 0.08 0.08 0.08 0.07 0.07 0.13 0.16 0.12 0.12 0.12
Profit before tax -1.03 1.65 2.41 2.22 0.64 21.80 3.89 6.54 5.63 3.54 2.59 5.51 6.63
Tax % 24.27% 27.27% 25.73% 25.68% 26.56% 18.76% 25.71% 26.45% 22.38% 36.16% 26.25% 20.87% 25.79%
-0.78 1.19 1.78 1.64 0.47 17.71 2.89 4.80 4.37 2.26 1.90 4.36 4.91
EPS in Rs -0.06 0.09 0.14 0.13 0.04 1.40 0.23 0.38 0.34 0.18 0.15 0.34 0.39
Raw PDF

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: 15%
5 Years: 13%
3 Years: 16%
1 Year: -23%
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%

Shareholding Pattern

Numbers in percentages

11 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.86% 52.86% 52.86% 52.86% 52.86% 52.86% 52.86% 54.60% 54.60% 54.60% 54.60% 58.99%
5.44% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84%
41.70% 41.29% 41.29% 41.29% 41.29% 41.29% 41.28% 39.56% 39.56% 39.56% 39.55% 35.17%
No. of Shareholders 9811,0761,2231,3001,2481,2611,2801,3711,3191,3991,8812,299

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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