Inditrade Capital Ltd

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

Inditrade Capital Ltd

₹ 28.3 0.21%
25 Apr - close price
inditrade.com BSE: 532745
About

Inditrade Capital Limited is a financial services company offering Microfinance, Agri-Commodity finance and MSME financing among other services. [1]

Key Points

Business Segments[1]
A) MSME Finance: The Co. offers business loans up to 50 lakhs, processed within 72 hours, and Credit underwriting through alternate means and has 652 Active borrowers. [2]

B) Micro Finance: Micro Business loans from 10,000 to 60,000 are offered to Joint Liability Groups. Active borrowers: ~172K.[3]

C) Scalerator Provides Customer offers through Third Parties on Business loans, Personal loans, Insurance, Health loans, and Gold loans.

D) Agri-commodity Finance: Loan against non-essential commodities up to 5 crores evaluated through exchange accredited warehouses. Cumulative disbursement: ~Rs. 1180 Cr.[4]

E) Boonbox: It deals in end-to-end rural E-commerce. Deals with rural customers with household income < 1 lakh p.a. Customer acquisition is through affiliates. The company provides product installation and 1st-level
customer support.

Website BSE
  • Market Cap ₹ 66.0 Cr.
  • Current Price ₹ 28.3
  • High / Low ₹ 58.8 / 24.0
  • Stock P/E 135
  • Book Value ₹ 39.2
  • Dividend Yield 0.00 %
  • ROCE 5.69 %
  • ROE 2.16 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Stock is trading at 0.72 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.31% over last 3 years.
  • Contingent liabilities of Rs.481 Cr.
  • Promoters have pledged 44.1% of their holding.

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
0.38 0.33 0.40 0.45 1.67 1.75 2.55 3.60 1.89 3.07 3.14 3.20 2.26
0.11 0.14 0.18 2.28 0.14 0.18 0.22 0.20 0.17 0.33 0.28 0.23 0.23
Operating Profit 0.27 0.19 0.22 -1.83 1.53 1.57 2.33 3.40 1.72 2.74 2.86 2.97 2.03
OPM % 71.05% 57.58% 55.00% -406.67% 91.62% 89.71% 91.37% 94.44% 91.01% 89.25% 91.08% 92.81% 89.82%
0.02 0.15 0.03 0.00 1.03 0.17 0.32 0.00 0.00 0.33 0.05 0.04 0.14
Interest 0.25 0.24 0.20 0.34 0.71 0.85 1.51 0.96 1.27 2.06 2.12 2.27 1.39
Depreciation 0.03 0.03 0.03 0.03 0.73 0.73 0.73 0.73 0.73 0.73 0.73 0.73 0.73
Profit before tax 0.01 0.07 0.02 -2.20 1.12 0.16 0.41 1.71 -0.28 0.28 0.06 0.01 0.05
Tax % 200.00% -114.29% 550.00% 0.00% 44.64% -118.75% 97.56% -9.94% 25.00% -3.57% 266.67% -2,800.00% 80.00%
-0.01 0.15 -0.09 -2.19 0.63 0.35 0.01 1.89 -0.21 0.29 -0.10 0.29 0.01
EPS in Rs -0.00 0.06 -0.04 -0.94 0.27 0.15 0.00 0.81 -0.09 0.12 -0.04 0.12 0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
24.69 19.43 14.59 22.35 21.32 24.44 27.82 1.67 0.49 1.47 5.30 11.34 11.67
27.28 18.55 13.32 14.40 17.66 23.07 25.49 3.02 1.46 0.52 2.81 1.02 1.07
Operating Profit -2.59 0.88 1.27 7.95 3.66 1.37 2.33 -1.35 -0.97 0.95 2.49 10.32 10.60
OPM % -10.49% 4.53% 8.70% 35.57% 17.17% 5.61% 8.38% -80.84% -197.96% 64.63% 46.98% 91.01% 90.83%
0.14 0.64 0.78 0.61 0.82 2.60 2.53 8.67 2.84 0.22 0.24 0.51 0.56
Interest 1.21 0.41 0.16 0.16 0.17 0.10 0.43 0.00 0.55 0.94 2.11 5.79 7.84
Depreciation 5.58 4.14 2.81 0.77 0.66 0.64 0.61 0.00 0.06 0.08 1.51 2.93 2.92
Profit before tax -9.24 -3.03 -0.92 7.63 3.65 3.23 3.82 7.32 1.26 0.15 -0.89 2.11 0.40
Tax % 0.00% 0.00% 0.00% 1.05% 13.97% 8.67% -1.57% 0.00% 37.30% -20.00% -47.19% 6.64%
-9.24 -3.04 -0.92 7.54 3.14 2.95 3.88 7.32 0.80 0.18 -1.31 1.97 0.49
EPS in Rs -3.96 -1.30 -0.39 3.23 1.34 1.26 1.66 3.13 0.34 0.08 -0.56 0.84 0.20
Dividend Payout % 0.00% 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: -5%
5 Years: -16%
3 Years: 185%
TTM: 19%
Compounded Profit Growth
10 Years: 10%
5 Years: -13%
3 Years: 43%
TTM: -76%
Stock Price CAGR
10 Years: 15%
5 Years: -6%
3 Years: -3%
1 Year: 4%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 0%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 23.29 23.29 23.29 23.29 23.29 23.29 23.29 23.29 23.29 23.29 23.29 23.29 23.29
Reserves 49.54 46.65 45.74 53.01 56.15 59.10 62.98 67.82 66.18 67.82 67.28 68.67 68.27
11.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.44 7.84 37.09 58.30 62.20
14.97 14.90 20.06 12.18 14.46 20.55 29.56 3.90 0.83 3.07 2.09 4.09 1.88
Total Liabilities 99.79 84.84 89.09 88.48 93.90 102.94 115.83 95.01 97.74 102.02 129.75 154.35 155.64
7.81 5.60 2.87 2.04 1.61 1.69 1.34 0.27 0.40 0.49 7.44 4.52 3.06
CWIP 0.03 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 36.69 36.69 48.61 50.69 39.63 48.18 54.21 74.13 85.07 89.07 89.22 88.57 88.57
55.26 42.55 37.61 35.75 52.66 53.07 60.28 20.61 12.27 12.46 33.09 61.26 64.01
Total Assets 99.79 84.84 89.09 88.48 93.90 102.94 115.83 95.01 97.74 102.02 129.75 154.35 155.64

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-15.05 6.25 1.55 -3.95 -4.33 5.08 13.13 10.14 5.90 3.53 -0.84 2.11
6.38 2.38 2.72 2.55 12.35 -10.26 -4.81 -25.37 -11.15 -4.00 -28.41 -22.51
8.56 -12.26 -0.12 -0.16 -1.56 2.00 -2.26 0.00 4.62 0.47 29.19 21.21
Net Cash Flow -0.11 -3.63 4.15 -1.57 6.46 -3.18 6.06 -15.23 -0.64 -0.01 -0.06 0.81

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 88.26 146.15 321.22 227.66 158.19 69.74 178.17 0.00 0.00 0.00 0.00 24.78
Inventory Days
Days Payable
Cash Conversion Cycle 88.26 146.15 321.22 227.66 158.19 69.74 178.17 0.00 0.00 0.00 0.00 24.78
Working Capital Days 57.06 -65.37 -119.83 69.41 148.60 115.15 -72.95 780.27 5,825.10 1,209.22 604.66 339.57
ROCE % -8.04% -3.27% -1.21% 10.67% 4.88% 4.07% 5.03% 4.86% 1.70% 1.11% 1.08% 5.69%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63%
0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19%
25.90% 25.90% 25.90% 25.90% 25.90% 25.88% 25.90% 25.89% 25.90% 25.90% 25.91% 25.90%
0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29%
No. of Shareholders 5,5456,1986,4476,1055,8345,5135,4505,4025,3264,9055,0455,105

* 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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