Shalibhadra Finance Ltd

₹ 712 1.98%

11 Dec 4:00 p.m.

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

Website BSE

Market Cap ₹ 547 Cr.
Current Price ₹ 712
High / Low ₹ 845 / 403
Stock P/E 41.0
Book Value ₹ 171
Dividend Yield 0.17 %
ROCE 15.8 %
ROE 13.7 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 4.16 times its book value
Company has a low return on equity of 12.8% 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	5.24	5.57	6.39	6.17	6.55	7.13	7.85	7.34	7.71	8.18	9.52	8.96	8.23
	1.72	1.83	1.88	2.11	2.01	2.18	2.91	2.34	2.25	2.35	3.16	2.74	2.10
Operating Profit	3.52	3.74	4.51	4.06	4.54	4.95	4.94	5.00	5.46	5.83	6.36	6.22	6.13
OPM %	67.18%	67.15%	70.58%	65.80%	69.31%	69.42%	62.93%	68.12%	70.82%	71.27%	66.81%	69.42%	74.48%
	0.02	0.00	0.00	0.00	0.01	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00
Interest	1.62	1.66	1.79	1.74	1.74	1.94	1.74	1.65	1.43	1.52	1.90	1.68	1.53
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02
Profit before tax	1.91	2.07	2.71	2.31	2.80	3.00	3.19	3.36	4.01	4.29	4.44	4.52	4.58
Tax %	26.18%	26.09%	25.83%	25.97%	25.71%	25.33%	26.33%	25.89%	24.94%	26.34%	25.45%	24.78%	24.67%
	1.41	1.53	2.01	1.71	2.08	2.24	2.35	2.49	3.01	3.16	3.31	3.40	3.45
EPS in Rs	2.82	3.06	4.02	3.42	4.16	3.97	3.75	3.97	4.30	4.51	4.73	4.86	4.83
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	10	11	12	13	16	19	22	24	21	22	28	33	35
	3	3	3	4	5	5	5	7	8	7	9	10	10
Operating Profit	8	8	9	9	11	15	17	17	13	15	19	23	25
OPM %	75%	72%	72%	71%	71%	76%	77%	73%	64%	68%	68%	70%	70%
	-0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	3	3	3	4	5	7	8	9	9	7	7	7	7
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	4	5	6	5	6	8	9	8	5	8	11	16	18
Tax %	37%	37%	35%	37%	34%	28%	28%	28%	30%	26%	26%	26%
	3	3	4	3	4	6	6	6	4	6	8	12	13
EPS in Rs	5.66	6.02	7.58	6.92	8.59	11.33	12.79	11.61	7.02	12.03	13.36	17.10	18.93
Dividend Payout %	16%	17%	13%	14%	12%	11%	9%	0%	7%	7%	7%	7%

Compounded Sales Growth
10 Years:	12%
5 Years:	8%
3 Years:	16%
TTM:	16%

Compounded Profit Growth
10 Years:	15%
5 Years:	13%
3 Years:	51%
TTM:	32%

Stock Price CAGR
10 Years:	35%
5 Years:	58%
3 Years:	74%
1 Year:	65%

Return on Equity
10 Years:	14%
5 Years:	12%
3 Years:	13%
Last Year:	14%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5	5	5	5	5	5	5	5	5	5	6	7	7
Reserves	8	10	14	16	20	26	32	37	40	53	72	90	115
	19	21	25	29	43	60	71	76	62	57	55	58	46
	5	5	6	4	4	6	7	5	4	3	3	3	5
Total Liabilities	37	41	50	55	73	96	115	123	112	117	136	158	173
	1	1	1	1	2	2	2	2	2	2	3	3	3
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	1	1	1	2	0	0	0	0	2
	36	41	49	53	70	93	112	119	110	115	134	156	168
Total Assets	37	41	50	55	73	96	115	123	112	117	136	158	173

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-1	-2	-4	-3	-12	-15	-12	0	7	2	-5	3
	0	0	-0	-0	-2	-0	-1	-2	2	-1	-2	-2
	1	2	5	3	14	17	12	4	-14	1	11	9
Net Cash Flow	0	0	0	-0	1	2	-1	3	-4	2	4	10

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	0	0	0	0	0	0	0	1	2	3	2	2
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	0	0	1	2	3	2	2
Working Capital Days	715	763	786	870	948	1,043	-99	-30	-34	-33	-5	17
ROCE %	24%	22%	23%	20%	19%	19%	17%	15%	12%	14%	15%	16%

Shareholding Pattern

Numbers in percentages

1 Recently

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Oct 2024
	51.39%	51.39%	51.39%	50.41%	55.35%	55.35%	55.35%	60.01%	60.01%	60.01%	60.01%	54.83%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.16%	1.05%
	48.61%	48.61%	48.61%	49.58%	44.64%	44.64%	44.66%	40.00%	40.01%	40.01%	38.83%	44.12%
No. of Shareholders	1,655	1,752	1,976	1,900	1,892	1,931	1,797	1,775	1,843	1,833	2,070	2,097

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Oct 2024
	51.39%	51.39%	51.39%	51.39%	51.39%	51.39%	55.35%	60.01%	54.83%
	0.00%	1.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.05%
	48.61%	47.43%	48.61%	48.61%	48.61%	48.61%	44.64%	40.01%	44.12%
No. of Shareholders	1,607	1,663	1,639	1,595	1,522	1,655	1,892	1,843	2,097

* 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.

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