United Credit Ltd

United Credit Limited is an India-based non-banking financial services company. with main business to hire purchase, leasing and other financial services.

  • Market Cap: 6.92 Cr.
  • Current Price: 13.00
  • 52 weeks High / Low 19.95 / 9.31
  • Book Value: 45.97
  • Stock P/E: 3.21
  • Dividend Yield: 5.38 %
  • ROCE: 15.91 %
  • ROE: 9.42 %
  • Sales Growth (3Yrs): 13.24 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
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Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.28 times its book value
Stock is providing a good dividend yield of 5.38%.
Cons:
The company has delivered a poor growth of 6.34% over past five years.
Company has a low return on equity of 5.46% for last 3 years.
Contingent liabilities of Rs.10.42 Cr.
Earnings include an other income of Rs.5.30 Cr.

Peer comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
0.63 0.58 0.59 0.59 0.64 0.61 0.63 0.65 0.72 0.70 0.71 0.71
0.33 0.32 0.41 0.30 0.33 0.40 0.42 0.40 3.01 0.49 0.42 0.44
Operating Profit 0.30 0.26 0.18 0.29 0.31 0.21 0.21 0.25 -2.29 0.21 0.29 0.27
OPM % 47.62% 44.83% 30.51% 49.15% 48.44% 34.43% 33.33% 38.46% -318.06% 30.00% 40.85% 38.03%
Other Income 0.01 0.01 0.04 0.01 0.04 0.03 0.00 0.02 5.24 0.02 0.02 0.02
Interest 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.02 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax 0.28 0.26 0.20 0.29 0.33 0.23 0.20 0.26 2.94 0.22 0.30 0.28
Tax % -78.57% 119.23% -10.00% 17.24% 21.21% 21.74% 15.00% 19.23% 47.28% 22.73% 26.67% 25.00%
Net Profit 0.50 -0.05 0.21 0.23 0.27 0.19 0.17 0.21 1.54 0.18 0.22 0.22
EPS in Rs 0.93 -0.10 0.40 0.44 0.50 0.35 0.32 0.40 2.90 0.34 0.42 0.41
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
6.02 1.19 2.37 2.18 2.09 2.24 1.89 1.95 1.77 2.09 2.47 2.57 2.84
3.88 1.56 1.28 1.12 1.06 7.05 1.06 1.10 2.20 1.36 1.38 4.05 4.36
Operating Profit 2.14 -0.37 1.09 1.06 1.03 -4.81 0.83 0.85 -0.43 0.73 1.09 -1.48 -1.52
OPM % 35.55% -31.09% 45.99% 48.62% 49.28% -214.73% 43.92% 43.59% -24.29% 34.93% 44.13% -57.59% -53.52%
Other Income 0.14 0.19 1.06 0.28 0.21 0.04 0.07 0.03 0.81 0.03 0.06 5.28 5.30
Interest 0.09 0.03 0.01 0.00 0.00 0.01 0.02 0.00 0.02 0.02 0.02 0.00 0.00
Depreciation 0.14 0.13 0.08 0.06 0.05 0.04 0.04 0.06 0.09 0.08 0.06 0.04 0.04
Profit before tax 2.05 -0.34 2.06 1.28 1.19 -4.82 0.84 0.82 0.27 0.66 1.07 3.76 3.74
Tax % 9.27% 14.71% 21.36% 21.09% 39.50% 34.23% 32.14% 36.59% 77.78% -18.18% 38.32% 41.22%
Net Profit 1.86 -0.29 1.62 1.01 0.71 -3.17 0.58 0.52 0.06 0.78 0.66 2.22 2.16
EPS in Rs 0.00 2.35 1.44 1.02 0.00 0.65 0.95 0.11 1.41 1.20 4.03 4.07
Dividend Payout % 31.69% -0.00% 33.89% 40.77% 0.00% -0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 17.31%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:8.00%
5 Years:6.34%
3 Years:13.24%
TTM:12.25%
Compounded Profit Growth
10 Years:25.12%
5 Years:30.79%
3 Years:233.22%
TTM:157.14%
Stock Price CAGR
10 Years:-8.94%
5 Years:-13.05%
3 Years:-8.64%
1 Year:-23.53%
Return on Equity
10 Years:2.22%
5 Years:3.90%
3 Years:5.46%
Last Year:9.42%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
6.55 6.55 6.55 6.55 6.55 6.55 5.49 5.49 5.49 5.49 5.49 5.49 5.49
Reserves 16.87 16.57 17.33 17.72 18.29 15.12 14.95 15.46 15.52 16.30 16.96 19.18 18.99
Borrowings 0.18 0.14 0.04 0.01 0.04 0.02 0.00 0.13 0.17 0.10 0.02 0.00 0.00
2.50 2.61 3.21 2.71 2.04 2.02 1.88 1.83 1.78 2.16 2.05 1.97 2.45
Total Liabilities 26.10 24.81 26.07 25.93 25.86 22.65 22.32 22.91 22.96 24.05 24.52 26.64 26.93
0.52 0.43 0.21 0.18 0.18 0.15 0.13 0.21 0.24 0.18 0.14 0.10 0.09
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 16.61 17.67 8.04 6.26 6.26 0.28 0.24 0.23 0.00 0.00 0.00 0.00 0.00
8.97 6.71 17.82 19.49 19.42 22.22 21.95 22.47 22.72 23.87 24.38 26.54 26.84
Total Assets 26.10 24.81 26.07 25.93 25.86 22.65 22.32 22.91 22.96 24.05 24.52 26.64 26.93

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-0.68 -0.10 -11.64 -0.84 0.46 0.19 0.94 0.04 0.07 0.31 -0.14 -2.48
0.25 -1.03 11.91 1.79 -0.05 -0.01 -0.01 -0.15 -0.04 -0.01 0.03 2.61
-0.29 -0.69 -0.10 -1.35 -0.58 -0.17 -0.93 0.11 0.04 -0.08 -0.08 -0.02
Net Cash Flow -0.72 -1.82 0.17 -0.40 -0.17 0.01 0.00 0.00 0.08 0.22 -0.19 0.12

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 9.67% -1.37% 8.77% 5.31% 4.96% -20.66% 4.08% 3.90% 1.37% 3.16% 4.91% 15.91%
Debtor Days 4.85 9.20 1.54 0.00 0.00 1.63 0.00 0.00 2.06 3.49 7.39 18.46
Inventory Turnover 14.83

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
57.85 57.85 57.85 57.85 57.85 57.85 57.85 57.85 57.85 57.85 57.85 57.85
0.07 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.03 0.01 0.01
0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53
41.55 41.62 41.62 41.62 41.62 41.62 41.62 41.62 41.62 41.59 41.62 41.62