Starteck Finance Ltd

Starteck Fin. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Starteck Finance Ltd

₹ 281 -3.69%
26 Apr - close price
niveditaindia.com BSE: 512381 NSE - BE : STARTECK
About

Starteck Finance Ltd is a Non-Deposit taking, Non-systemically important (ND-NSI) NBFC registered with RBI. It plans to mainly focus on retail lending in 2 key segments, viz. housing finance and loans to small corporates/ MSMEs.[1]

Key Points

Services offered
It serves the financing needs of the various corporates having a presence in urban and semi-urban areas of India. The company has a diversified lending portfolio across Retail, SMEs, and Commercial customers. [1]

Website BSE NSE - BE
  • Market Cap ₹ 278 Cr.
  • Current Price ₹ 281
  • High / Low ₹ 420 / 110
  • Stock P/E 17.5
  • Book Value ₹ 190
  • Dividend Yield 0.09 %
  • ROCE 7.13 %
  • ROE 6.57 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 58.8% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 7.15% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.1% over last 3 years.
  • Earnings include an other income of Rs.13.7 Cr.

* 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

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
3.46 31.16 15.49 4.03 4.08 4.78 6.10 6.37 6.76 7.12 6.68 12.33 7.39
0.50 1.56 0.52 0.57 0.88 0.88 1.20 1.96 0.77 1.88 0.90 0.99 1.03
Operating Profit 2.96 29.60 14.97 3.46 3.20 3.90 4.90 4.41 5.99 5.24 5.78 11.34 6.36
OPM % 85.55% 94.99% 96.64% 85.86% 78.43% 81.59% 80.33% 69.23% 88.61% 73.60% 86.53% 91.97% 86.06%
0.01 0.00 0.08 0.03 0.00 0.45 0.00 0.00 0.00 13.61 0.10 0.00 0.00
Interest 0.95 26.52 11.68 0.69 0.86 0.82 1.31 1.78 3.19 3.08 2.75 2.99 2.86
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.55 0.14 0.14 0.14
Profit before tax 2.02 3.08 3.37 2.80 2.34 3.53 3.59 2.63 2.80 15.22 2.99 8.21 3.36
Tax % -13.37% -50.65% 10.09% 1.79% 17.52% 29.46% 26.74% 26.62% 20.00% 1.25% 23.41% 9.62% 18.45%
2.29 4.64 3.03 2.74 1.92 2.49 2.63 1.93 2.24 15.02 2.29 7.42 2.75
EPS in Rs 2.31 4.68 3.06 2.76 1.94 2.51 2.65 1.95 2.26 15.16 2.31 7.49 2.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
19 22 22 19 15 28 76 29 26 34
2 4 4 4 5 16 6 3 6 5
Operating Profit 17 18 18 14 10 12 70 26 21 29
OPM % 89% 82% 82% 77% 68% 43% 92% 90% 78% 86%
0 0 0 0 0 0 0 0 14 14
Interest 7 12 15 13 9 8 31 14 9 12
Depreciation 0 0 0 0 0 0 0 0 1 1
Profit before tax 10 6 3 2 2 4 40 12 24 30
Tax % 24% 11% 14% 26% 20% 1% 5% 15% 10%
8 6 2 1 1 4 38 10 22 27
EPS in Rs 7.58 5.77 2.36 1.12 1.49 3.65 37.96 10.28 22.02 27.73
Dividend Payout % 7% 9% 0% 0% 0% 7% 1% 2% 1%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: -2%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: 59%
3 Years: 46%
TTM: 71%
Stock Price CAGR
10 Years: 33%
5 Years: 62%
3 Years: 55%
1 Year: 151%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 13%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 10 10
Reserves 94 99 101 102 94 95 137 151 170 178
61 198 138 91 91 88 640 92 181 166
4 4 5 8 12 8 27 15 24 19
Total Liabilities 168 311 254 211 207 201 814 268 384 374
0 0 0 17 15 15 15 15 116 115
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 95 102 98 75 73 73 65 74 72 76
73 209 156 119 119 113 735 179 196 182
Total Assets 168 311 254 211 207 201 814 268 384 374

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
51 9 -7 -7 5 16 -50 -5 86
-51 -6 5 6 -4 -12 47 -5 -50
-0 -1 0 0 0 0 2 6 -35
Net Cash Flow -0 2 -2 -0 0 5 -1 -4 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0
Working Capital Days 1,314 3,386 2,500 2,135 -167 -19 16 -125 -236
ROCE % 8% 6% 6% 5% 6% 14% 5% 7%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.32% 70.32% 70.82% 71.05% 71.37% 71.52% 71.52% 71.52% 71.52% 71.68% 72.55% 72.76%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
0.13% 0.17% 0.17% 0.17% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.56% 29.51% 29.01% 28.78% 28.45% 28.48% 28.47% 28.47% 28.47% 28.32% 27.44% 27.23%
No. of Shareholders 1,1911,1651,1361,0701,3781,1771,0241,0261,0611,1331,9661,904

* 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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