Nalin Lease Finance Ltd

₹ 35.0 0.29%
02 Feb 1:45 p.m.
About

Nalin Lease Finance Limited, incorporated in 1990, is a Non-Systemically Important Non-Deposit taking Non Banking Financing Company (NBFC) registered with the RBI. The Co. provides finance for new two wheelers in the state of Gujarat. It’s also engaged in the gold loan and business loan activities.[1][2]

Key Points

FY20 revenue mix[1]
Gold Loan - 42%
Hire Purchase - 41%
Business & Other Loans - 8%
Other income from operations- 7%
(Other revenue includes late fees, miscellaneous charges,etc)

  • Market Cap 23.0 Cr.
  • Current Price 35.0
  • High / Low 43.9 / 23.4
  • Stock P/E 7.11
  • Book Value 39.9
  • Dividend Yield 0.00 %
  • ROCE 15.2 %
  • ROE 11.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.90 times its book value

Cons

  • Company has a low return on equity of 11.0% 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 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1.21 1.62 0.98 1.20 1.31 1.40 1.14 1.54 1.44 1.48 1.41 1.52 1.53
0.33 0.50 0.61 -0.04 0.19 0.60 0.40 0.42 0.77 0.38 0.43 0.48 0.33
Operating Profit 0.88 1.12 0.37 1.24 1.12 0.80 0.74 1.12 0.67 1.10 0.98 1.04 1.20
OPM % 72.73% 69.14% 37.76% 103.33% 85.50% 57.14% 64.91% 72.73% 46.53% 74.32% 69.50% 68.42% 78.43%
0.01 0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.07 0.03 0.04 0.04
Interest 0.19 0.06 0.03 0.05 0.01 0.00 0.03 0.04 0.02 0.01 0.01 0.01 0.02
Depreciation 0.05 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.03 0.03 0.04
Profit before tax 0.65 1.04 0.31 1.16 1.08 0.77 0.69 1.05 0.63 1.14 0.97 1.04 1.18
Tax % 24.62% 32.69% 25.81% 26.72% 18.52% 24.68% 27.54% 24.76% 25.40% 25.44% 24.74% 25.96% 25.42%
Net Profit 0.49 0.71 0.22 0.84 0.88 0.58 0.50 0.78 0.48 0.85 0.74 0.76 0.88
EPS in Rs 0.75 1.08 0.34 1.28 1.34 0.88 0.76 1.19 0.73 1.30 1.13 1.16 1.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
3.01 3.16 3.52 3.16 2.98 2.41 2.73 3.54 4.49 5.07 4.89 5.62 5.94
2.07 2.05 2.19 1.92 1.74 1.21 1.13 1.19 1.12 1.65 1.35 1.90 1.62
Operating Profit 0.94 1.11 1.33 1.24 1.24 1.20 1.60 2.35 3.37 3.42 3.54 3.72 4.32
OPM % 31.23% 35.13% 37.78% 39.24% 41.61% 49.79% 58.61% 66.38% 75.06% 67.46% 72.39% 66.19% 72.73%
0.12 0.10 0.02 -0.03 0.00 0.02 0.00 -0.01 0.00 0.21 -0.01 -0.01 0.18
Interest 0.37 0.38 0.39 0.23 0.04 0.03 0.15 0.86 0.94 0.75 0.09 0.10 0.05
Depreciation 0.04 0.04 0.04 0.04 0.15 0.09 0.09 0.06 0.07 0.11 0.13 0.10 0.12
Profit before tax 0.65 0.79 0.92 0.94 1.05 1.10 1.36 1.42 2.36 2.77 3.31 3.51 4.33
Tax % 32.31% 32.91% 30.43% 29.79% 28.57% 35.45% 32.35% 28.17% 27.12% 28.16% 23.87% 25.93%
Net Profit 0.44 0.53 0.64 0.65 0.75 0.71 0.93 1.01 1.72 1.99 2.52 2.60 3.23
EPS in Rs 1.35 1.62 1.96 1.99 2.30 2.18 2.85 3.10 5.27 3.03 3.84 3.96 4.93
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 13.02% 0.00%
Compounded Sales Growth
10 Years: 6%
5 Years: 16%
3 Years: 8%
TTM: 8%
Compounded Profit Growth
10 Years: 17%
5 Years: 23%
3 Years: 15%
TTM: 38%
Stock Price CAGR
10 Years: 15%
5 Years: 7%
3 Years: 27%
1 Year: -3%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 11%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
3.26 3.26 3.26 3.26 3.26 3.26 3.26 3.26 6.56 6.56 6.56 6.56 6.56
Reserves 2.39 2.94 3.60 4.27 5.04 5.77 6.58 7.60 11.35 13.34 15.86 18.13 19.63
4.29 4.32 3.51 0.39 2.43 1.01 3.76 7.38 6.14 4.38 0.16 0.45 1.32
0.25 0.30 0.33 0.32 0.33 0.44 0.22 0.29 0.41 0.83 0.93 0.96 0.59
Total Liabilities 10.19 10.82 10.70 8.24 11.06 10.48 13.82 18.53 24.46 25.11 23.51 26.10 28.10
0.28 0.28 0.29 0.36 0.54 0.46 0.39 0.28 0.48 0.34 0.24 0.52 1.05
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 0.65 0.67 0.68 0.73 0.00 0.00 0.00 0.00 0.00 0.00 0.77 1.02 1.32
9.26 9.87 9.73 7.15 10.52 10.02 13.43 18.25 23.98 24.77 22.50 24.56 25.73
Total Assets 10.19 10.82 10.70 8.24 11.06 10.48 13.82 18.53 24.46 25.11 23.51 26.10 28.10

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0.58 1.06 0.90 2.76 -0.29 -0.41 -3.54 -4.00 1.20 4.03 2.09 0.78
-0.20 -0.09 -0.14 -0.59 0.40 -0.01 0.03 0.04 0.04 0.49 -0.82 -0.56
-0.29 0.04 -0.81 -3.12 2.04 -1.42 2.75 3.63 -1.24 -1.77 -4.21 -0.03
Net Cash Flow 0.09 1.01 -0.05 -0.95 2.15 -1.84 -0.76 -0.33 0.00 2.76 -2.94 0.18

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 985.86 889.40 783.92 680.33 875.76 1,284.32 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 985.86 889.40 783.92 680.33 875.76 1,284.32 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days 985.86 888.24 784.96 686.11 876.98 1,269.17 1,278.17 1,427.01 -17.07 -12.24 -2.99 -3.25
ROCE % 10.97% 11.53% 12.54% 13.12% 11.69% 10.88% 12.77% 14.38% 15.61% 13.70% 14.55% 15.17%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
68.72 68.72 68.72 69.20 69.93 70.15 70.15 70.15 70.37 71.04 71.04 71.04
31.28 31.28 31.28 30.80 30.07 29.85 29.85 29.85 29.63 28.96 28.96 28.96

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