Indo Asia Finance Ltd

About

Indo Asia Finance Ltd is engaged in providing hire-purchase, leasing, bill discounting, inter corporate deposits, and forex services.

  • Market Cap 13.9 Cr.
  • Current Price 9.24
  • High / Low 9.27 / 3.23
  • Stock P/E 26.6
  • Book Value 9.05
  • Dividend Yield 0.00 %
  • ROCE 3.31 %
  • ROE 2.47 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.02 times its book value
  • Promoter holding has increased by 19.33% over last quarter.

Cons

  • Company has a low return on equity of -19.19% for last 3 years.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
0.01 0.01 0.01 0.01 0.01 0.01 0.01 -0.00 -0.00 -0.00 0.01 -0.00
0.35 0.36 0.83 0.14 0.35 0.16 0.23 0.13 0.10 0.17 0.22 0.08
Operating Profit -0.34 -0.35 -0.82 -0.13 -0.34 -0.15 -0.22 -0.13 -0.10 -0.17 -0.21 -0.08
OPM % -3,400.00% -3,500.00% -8,200.00% -1,300.00% -3,400.00% -1,500.00% -2,200.00% -2,100.00%
Other Income -0.00 0.36 0.04 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.14 0.59 0.70
Interest 0.06 0.06 0.04 0.05 0.06 0.05 0.05 0.05 0.04 0.04 0.16 -0.00
Depreciation 0.02 0.02 -0.00 0.02 0.02 0.02 0.01 0.02 0.01 0.01 0.06 0.01
Profit before tax -0.42 -0.07 -0.82 -0.20 -0.42 -0.22 -0.28 -0.20 -0.15 -0.08 0.16 0.61
Tax % -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Net Profit -0.42 -0.07 -0.81 -0.19 -0.42 -0.22 -0.28 -0.20 -0.16 -0.09 0.16 0.61
EPS in Rs -0.47 -0.08 -0.90 -0.21 -0.47 -0.24 -0.31 -0.22 -0.18 -0.10 0.18 0.41

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
8.52 7.10 8.23 6.93 3.32 0.63 0.56 0.39 0.20 0.45 0.03 0.60 0.01
2.27 1.63 1.75 2.64 2.39 25.97 1.84 1.12 1.55 1.92 0.67 0.20 0.57
Operating Profit 6.25 5.47 6.48 4.29 0.93 -25.34 -1.28 -0.73 -1.35 -1.47 -0.64 0.40 -0.56
OPM % 73.36% 77.04% 78.74% 61.90% 28.01% -4,022.22% -228.57% -187.18% -675.00% -326.67% -2,133.33% 66.67% -5,600.00%
Other Income -0.00 -0.00 -0.00 1.50 7.22 23.03 0.22 0.34 0.41 -0.00 -0.00 5.16 1.43
Interest 4.80 4.91 5.61 5.41 7.74 1.99 0.92 0.27 0.24 0.21 0.19 0.16 0.24
Depreciation 0.13 0.14 0.18 0.14 0.29 0.08 0.16 0.16 0.09 0.07 0.06 0.06 0.09
Profit before tax 1.32 0.42 0.69 0.24 0.12 -4.38 -2.14 -0.82 -1.27 -1.75 -0.89 5.34 0.54
Tax % 34.09% 30.95% 42.03% 33.33% 8.33% -0.23% 0.93% 2.44% -0.00% -0.00% -0.00% -0.00%
Net Profit 0.87 0.29 0.41 0.17 0.12 -4.39 -2.12 -0.80 -1.28 -1.74 -0.89 5.34 0.52
EPS in Rs 0.97 0.32 0.46 0.19 0.13 -4.88 -2.36 -0.89 -1.42 -1.93 -0.99 5.93 0.31
Dividend Payout % 31.03% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years:-22%
5 Years:1%
3 Years:44%
TTM:-67%
Compounded Profit Growth
10 Years:-5%
5 Years:16%
3 Years:29%
TTM:146%
Stock Price CAGR
10 Years:1%
5 Years:28%
3 Years:39%
1 Year:168%
Return on Equity
10 Years:%
5 Years:-19%
3 Years:-19%
Last Year:2%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Jun 2021
9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 15.00 15.00
Reserves 2.99 3.27 29.73 29.90 23.51 -0.54 -2.66 -3.46 -4.74 -6.48 -7.37 -2.03 -1.42
Borrowings 32.64 33.99 36.85 34.23 34.23 6.80 3.93 4.00 4.48 4.83 5.44 0.51 0.07
1.39 0.91 1.23 5.17 4.95 6.99 7.56 8.02 8.94 6.42 6.49 6.03 0.03
Total Liabilities 46.02 47.17 76.81 78.30 71.69 22.25 17.83 17.56 17.68 13.77 13.56 19.51 13.68
5.58 5.80 31.91 31.96 28.92 0.97 0.82 0.66 0.56 0.50 0.44 0.38 0.37
CWIP -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 0.06 0.06 0.06 0.06 27.41 3.56 0.04 0.04 0.04 0.02 0.01 0.03 0.03
40.38 41.31 44.84 46.28 15.36 17.72 16.97 16.86 17.08 13.25 13.11 19.10 13.28
Total Assets 46.02 47.17 76.81 78.30 71.69 22.25 17.83 17.56 17.68 13.77 13.56 19.51 13.68

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-2.11 -1.52 -2.59 -1.49 20.73 -0.53 0.40 0.27 0.36 -0.09 -0.52 0.45
-0.08 -0.25 -0.24 -0.18 -20.92 27.75 3.51 -0.00 -0.00 0.05 -0.00 -0.00
1.43 1.95 2.85 2.16 -0.48 -27.28 -3.79 -0.27 -0.50 0.13 0.42 -0.42
Net Cash Flow -0.76 0.18 0.02 0.49 -0.67 -0.06 0.12 -0.00 -0.14 0.10 -0.10 0.03

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 60.40 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Inventory Days
Days Payable
Cash Conversion Cycle 60.40 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Working Capital Days 1,637.79 2,042.97 1,915.92 2,367.50 1,576.54 9,617.46 10,220.00 14,543.85 28,889.75 9,757.67 145,513.33 11,205.50
ROCE % 14.10% 11.73% 10.34% 6.59% 11.24% -9.56% -5.55% -11.27% -19.14% -9.71% 3.31%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
50.43 51.65 51.67 51.65 51.65 51.65 51.65 51.65 51.67 51.67 51.67 71.00
49.57 48.35 48.33 48.35 48.35 48.35 48.35 48.35 48.33 48.33 48.33 29.00

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