Shalibhadra Finance Ltd

Shalibhadra Finance Ltd

₹ 507 -4.04%
28 Mar - close price
About

Incorporated in 1992, Shalibhadra
Finance Ltd is in the business of
financing[1]

Key Points

Business Overview:[1][2]
SFL is an NBFC focusing on rural and semi-urban areas in Gujarat, Maharashtra & Madhya Pradesh. It has a network of over 42 branches where it offers wide range of small ticket asset financing and customized retail products such as financing New & Used 2 wheelers, Auto rickshaws cars & consumer durables. Company has an asset under management of about Rs. 130 crores and an active customer base of 1+ Lac

  • Market Cap 355 Cr.
  • Current Price 507
  • High / Low 648 / 124
  • Stock P/E 32.3
  • Book Value 129
  • Dividend Yield 0.20 %
  • ROCE 15.7 %
  • ROE 13.2 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 4.65% over last quarter.

Cons

  • Stock is trading at 3.93 times its book value
  • The company has delivered a poor sales growth of 7.39% over past five years.
  • Company has a low return on equity of 11.6% 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

Figures in Rs. Crores

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
5.25 5.10 5.10 5.24 5.57 6.39 6.17 6.55 7.13 7.76 7.34 7.71 8.18
2.05 2.27 1.79 1.72 1.83 1.88 2.11 2.01 2.18 2.91 2.34 2.25 2.35
Operating Profit 3.20 2.83 3.31 3.52 3.74 4.51 4.06 4.54 4.95 4.85 5.00 5.46 5.83
OPM % 60.95% 55.49% 64.90% 67.18% 67.15% 70.58% 65.80% 69.31% 69.42% 62.50% 68.12% 70.82% 71.27%
0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.00 0.09 0.03 0.00 0.00
Interest 2.08 1.97 1.81 1.62 1.66 1.79 1.74 1.74 1.94 1.74 1.65 1.43 1.52
Depreciation 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02
Profit before tax 1.11 0.85 1.49 1.91 2.07 2.71 2.31 2.80 3.00 3.19 3.36 4.01 4.29
Tax % 27.03% 47.06% 26.17% 26.18% 26.09% 25.83% 25.97% 25.71% 25.33% 26.33% 25.89% 24.94% 26.34%
0.82 0.45 1.10 1.41 1.53 2.01 1.71 2.08 2.24 2.35 2.49 3.01 3.16
EPS in Rs 1.64 0.90 2.20 2.82 3.06 4.02 3.42 4.16 3.97 3.75 3.97 4.30 4.51
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
8 10 11 12 13 16 19 22 24 21 22 28 31
2 3 3 3 4 5 5 5 7 8 7 9 10
Operating Profit 6 8 8 9 9 11 15 17 17 13 15 19 21
OPM % 73% 75% 72% 72% 71% 71% 76% 77% 73% 64% 68% 68% 68%
-0 -0 0 0 0 0 0 0 0 0 0 0 0
Interest 3 3 3 3 4 5 7 8 9 9 7 7 6
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 3 4 5 6 5 6 8 9 8 5 8 11 15
Tax % 37% 37% 37% 35% 37% 34% 28% 28% 28% 30% 26% 26%
2 3 3 4 3 4 6 6 6 4 6 8 11
EPS in Rs 4.32 5.66 6.02 7.58 6.92 8.59 11.33 12.79 11.61 7.02 12.03 13.36 16.53
Dividend Payout % 19% 16% 17% 13% 14% 12% 11% 9% 0% 7% 7% 7%
Compounded Sales Growth
10 Years: 11%
5 Years: 7%
3 Years: 5%
TTM: 18%
Compounded Profit Growth
10 Years: 11%
5 Years: 8%
3 Years: 13%
TTM: 37%
Stock Price CAGR
10 Years: 38%
5 Years: 41%
3 Years: 107%
1 Year: 290%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 12%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

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 5 5 5 5 5 5 5 5 5 5 5 6 7
Reserves 6 8 10 14 16 20 26 32 37 40 46 70 83
18 19 21 25 29 43 60 71 76 62 57 55 57
4 5 5 6 4 4 6 7 5 4 10 6 4
Total Liabilities 33 37 41 50 55 73 96 115 123 112 117 137 151
1 1 1 1 1 2 2 2 2 2 2 3 3
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 1 1 1 2 0 0 0 0
32 36 41 49 53 70 93 112 119 110 115 134 149
Total Assets 33 37 41 50 55 73 96 115 123 112 117 137 151

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 -1 -2 -4 -3 -12 -15 -12 0 7 2 -5
-1 0 0 -0 -0 -2 -0 -1 -2 2 -1 -2
4 1 2 5 3 14 17 12 4 -14 1 11
Net Cash Flow 0 0 0 0 -0 1 2 -1 3 -4 2 4

Ratios

Figures in Rs. Crores

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 0 0 0 0 1 2 3 2
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 1 2 3 2
Working Capital Days 772 715 763 786 870 948 1,043 -99 -30 -34 -33 -5
ROCE % 23% 24% 22% 23% 20% 19% 19% 17% 15% 12% 14% 16%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
51.39% 51.39% 51.39% 51.39% 51.39% 51.39% 51.39% 50.41% 55.35% 55.35% 55.35% 60.01%
48.61% 48.61% 48.61% 48.61% 48.61% 48.61% 48.61% 49.58% 44.64% 44.64% 44.66% 40.00%
No. of Shareholders 1,5221,5301,5111,6051,6551,7521,9761,9001,8921,9311,7971,775

Documents

Concalls