Finkurve Financial Services Ltd

Finkurve Financial Services Ltd

₹ 56.4 -3.79%
28 May - 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 715 Cr.
  • Current Price 56.4
  • High / Low 104 / 46.6
  • Stock P/E 36.3
  • Book Value 12.5
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 13.3 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 102% CAGR over last 5 years
  • Promoter holding has increased by 4.37% over last quarter.

Cons

  • Stock is trading at 4.53 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 7.91% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Dec 2023
3.43 3.73 6.52 10.55 6.33 7.25 5.56 8.88 8.10 10.49 10.22 27.74 23.64
1.54 2.18 2.92 4.31 2.30 2.20 4.59 5.39 5.03 6.41 10.08 6.60 15.31
Operating Profit 1.89 1.55 3.60 6.24 4.03 5.05 0.97 3.49 3.07 4.08 0.14 21.14 8.33
OPM % 55.10% 41.55% 55.21% 59.15% 63.67% 69.66% 17.45% 39.30% 37.90% 38.89% 1.37% 76.21% 35.24%
0.12 0.12 0.21 0.29 0.03 0.19 0.53 -0.09 0.20 0.02 0.15 0.24 0.07
Interest 1.25 1.15 2.02 3.75 1.79 1.79 1.85 1.60 0.55 1.76 0.59 0.52 1.65
Depreciation 0.06 0.10 0.11 0.25 0.18 0.17 0.17 0.34 0.18 0.22 0.22 0.13 0.12
Profit before tax 0.70 0.42 1.68 2.53 2.09 3.28 -0.52 1.46 2.54 2.12 -0.52 20.73 6.63
Tax % -0.00% -0.00% -0.00% 49.41% 26.79% 24.09% 15.38% 35.62% 26.38% 26.89% -32.69% 17.99% 25.79%
0.70 0.42 1.68 1.27 1.53 2.49 -0.43 0.95 1.87 1.54 -0.68 17.01 4.91
EPS in Rs 0.06 0.04 0.14 0.11 0.12 0.20 -0.04 0.08 0.15 0.12 -0.05 1.34 0.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
392 415 920 494 327 299 18 25 28 57
390 414 917 484 317 288 5 11 14 28
Operating Profit 2 0 3 10 10 11 13 14 14 29
OPM % 1% 0% 0% 2% 3% 4% 71% 57% 50% 51%
0 0 0 0 0 0 0 0 0 0
Interest 2 1 2 8 9 8 12 8 7 4
Depreciation 0 0 0 0 0 0 0 1 1 1
Profit before tax 1 -0 2 2 1 2 1 5 6 25
Tax % 30% -37% 30% 33% 31% 36% 38% 24% 28% 21%
1 -0 1 1 1 2 0 4 5 20
EPS in Rs 0.05 -0.04 0.07 0.12 0.06 0.20 0.05 0.32 0.36 1.55
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: -30%
3 Years: 48%
TTM: 100%
Compounded Profit Growth
10 Years: %
5 Years: 102%
3 Years: 253%
TTM: 334%
Stock Price CAGR
10 Years: 12%
5 Years: 10%
3 Years: -5%
1 Year: -38%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 8%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 1 10 10 10 10 10 10 13 13 13
Reserves 10 2 2 3 4 6 6 121 125 145
14 4 31 72 75 111 93 75 78 24
4 2 2 3 9 6 3 7 9 4
Total Liabilities 30 18 45 88 98 133 112 215 225 186
0 0 0 0 0 0 1 2 2 1
CWIP -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 1 1 0 1 1 3 1 2 4 5
28 16 44 87 96 130 111 211 219 180
Total Assets 30 18 45 88 98 133 112 215 225 186

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1 12 -23 -35 7 -28 30 -81 4 28
-1 1 0 -0 0 -1 -0 -2 -0 20
-2 -11 25 33 -6 28 -29 85 -4 -56
Net Cash Flow -1 2 2 -2 1 -1 1 2 -1 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0 0 0 1 1 2 18 34 10 -0
Inventory Days 4 2 2 4 7 5
Days Payable 0 0 0 0 0 0
Cash Conversion Cycle 4 2 2 4 8 6 18 34 10 -0
Working Capital Days 18 7 14 59 92 147 37 -19 -60 -6
ROCE % 2% 11% 16% 11% 10% 10% 9% 6% 14%

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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