Salem Erode Investments Ltd

₹ 34.0 -5.56%

10 Jun 9:25 a.m.

About

Incorporated in 1931, Salem Erode Investments Ltd is an NBFC specializing in gold loan
financing.^[1]

Key Points

Business Overview:^[1]^[2]
SEIL is registered as a non-banking financial company, which is primarily engaged in gold
loan financing and lending to ICL Fincorp Limited, through Intercorporate Deposits (ICD). It is operating out of 38 branches, in Tamil Nadu and Odisha with 1681 active customer base

Website BSE

Market Cap ₹ 39.0 Cr.
Current Price ₹ 34.0
High / Low ₹ 66.4 / 29.0
Stock P/E
Book Value ₹ 12.7
Dividend Yield 0.00 %
ROCE -10.4 %
ROE -28.6 %
Face Value ₹ 1.00

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Pros

Cons

Stock is trading at 2.84 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 6.94% over past five years.
Company has a low return on equity of -17.9% over last 3 years.
Working capital days have increased from 55.6 days to 224 days

* 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

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.92	1.16	1.02	0.98	0.94	0.95	1.20	0.81	0.89	1.09	0.89	0.82	0.71
Interest	0.40	0.34	0.34	0.25	0.67	0.66	0.55	0.72	0.42	0.43	0.43	0.44	0.45
	0.47	0.63	0.60	0.81	1.42	1.25	1.11	1.20	1.37	1.35	1.40	1.35	1.44
Financing Profit	0.05	0.19	0.08	-0.08	-1.15	-0.96	-0.46	-1.11	-0.90	-0.69	-0.94	-0.97	-1.18
Financing Margin %	5.43%	16.38%	7.84%	-8.16%	-122.34%	-101.05%	-38.33%	-137.04%	-101.12%	-63.30%	-105.62%	-118.29%	-166.20%
	0.01	0.01	0.01	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.02
Depreciation	0.13	0.13	0.16	0.19	0.38	0.40	0.42	0.39	0.38	0.31	0.31	0.31	0.30
Profit before tax	-0.07	0.07	-0.07	-0.25	-1.51	-1.34	-0.87	-1.49	-1.27	-0.99	-1.24	-1.27	-1.46
Tax %	42.86%	57.14%	14.29%	-4.00%	1.32%	-2.24%	-2.30%	-8.05%	-4.72%	0.00%	-2.42%	-1.57%	-4.79%
	-0.10	0.02	-0.08	-0.24	-1.53	-1.30	-0.85	-1.36	-1.21	-0.99	-1.20	-1.26	-1.40
EPS in Rs	-0.09	0.02	-0.07	-0.21	-1.33	-1.13	-0.74	-1.19	-1.06	-0.86	-1.05	-1.10	-1.22
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.94	11.33	1.35	1.42	1.34	1.21	2.51	2.79	4.03	4.14	3.90	3.51
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.23	1.59	1.61	2.37	1.75
	0.15	0.18	0.78	0.30	0.72	1.26	0.53	1.17	2.11	3.44	4.90	5.56
Financing Profit	0.79	11.15	0.57	1.12	0.62	-0.05	1.97	1.39	0.33	-0.91	-3.37	-3.80
Financing Margin %	84.04%	98.41%	42.22%	78.87%	46.27%	-4.13%	78.49%	49.82%	8.19%	-21.98%	-86.41%	-108.26%
	0.03	0.01	0.04	0.00	0.02	0.00	0.00	0.01	0.00	0.00	0.00	0.06
Depreciation	0.01	0.01	0.08	0.06	0.02	0.00	0.06	0.31	0.41	0.87	1.58	1.23
Profit before tax	0.81	11.15	0.53	1.06	0.62	-0.05	1.91	1.09	-0.08	-1.78	-4.95	-4.97
Tax %	29.63%	13.00%	20.75%	21.70%	111.29%	140.00%	28.27%	34.86%	12.50%	3.37%	-4.65%	-2.41%
	0.57	9.69	0.41	0.83	-0.07	-0.12	1.37	0.71	-0.10	-1.82	-4.72	-4.85
EPS in Rs	0.50	8.45	0.36	0.72	-0.06	-0.10	1.19	0.62	-0.09	-1.59	-4.12	-4.23
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:	-11%
5 Years:	7%
3 Years:	-5%
TTM:	-10%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-3%

Stock Price CAGR
10 Years:	%
5 Years:	55%
3 Years:	-3%
1 Year:	-19%

Return on Equity
10 Years:	-4%
5 Years:	-9%
3 Years:	-18%
Last Year:	-29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.15	1.15
Reserves	5.45	15.13	15.27	16.10	22.35	22.76	24.13	24.85	24.75	22.93	18.23	13.39
Borrowing	0.00	0.00	0.00	0.00	0.00	0.00	0.23	11.41	11.67	20.02	13.89	13.88
	1.16	3.49	0.70	0.71	0.28	1.30	1.79	1.62	1.97	3.43	3.16	3.94
Total Liabilities	7.76	19.77	17.12	17.96	23.78	25.21	27.30	39.03	39.54	47.53	36.43	32.36
	0.02	0.26	0.18	0.12	0.00	0.00	0.67	0.92	1.54	10.52	9.71	8.54
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
Investments	1.31	5.20	4.66	7.95	0.71	0.52	0.80	0.85	0.73	0.93	0.95	0.82
	6.43	14.31	12.28	9.89	23.07	24.69	25.83	37.26	37.27	36.08	25.77	23.00
Total Assets	7.76	19.77	17.12	17.96	23.78	25.21	27.30	39.03	39.54	47.53	36.43	32.36

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.30	-0.86	0.81	-9.12	-0.30	0.75	-5.84	2.22	15.47	2.56	-4.99
	1.55	-1.70	-1.01	8.36	0.01	-0.37	-0.11	-0.22	-8.38	-2.62	2.02
	0.00	0.00	0.00	0.00	0.00	-0.36	10.20	-2.81	3.85	-8.81	-1.89
Net Cash Flow	1.25	-2.56	-0.21	-0.76	-0.29	0.02	4.25	-0.81	10.95	-8.86	-4.86
Free Cash Flow	-0.30	-0.86	0.81	-9.01	-0.30	0.32	-6.03	1.93	7.05	1.86	-5.05
CFO/OP	-15%	-93%	91%	-1,229%	600%	40%	-332%	120%	2,216%	-256%	247%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	9.25%	84.70%	2.51%	4.93%	-0.25%	-0.51%	5.57%	2.77%	-0.39%	-7.28%	-21.72%	-28.60%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Total Loan Book / AUM
INR Crores

x.xx	x.xx	xx.xx	xx.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
						x	xx	xx	xx	xxx	xxx
							x.xx	x.xx	x.xx	x.xx	xx.xx
							x.xx	x.xx	x.xx	x.xx	x.xx
							x	xx	xx	xx	xx
											x,xxx
											xx,xxx

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Total Manpower / Employees
Number

Gold Loan AUM
INR Crores

Gross NPA (Gold Loans)
%

Number of Branches
Number

Active Customers
Number

Average Gold Loan Ticket Size
INR

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%
	24.26%	24.27%	24.26%	24.26%	24.27%	24.27%	24.27%	24.27%	24.27%	24.27%	24.27%	24.27%
No. of Shareholders	1,124	1,145	1,192	1,262	1,624	1,559	1,669	1,675	1,690	1,810	1,831	1,828

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.27%	74.27%	74.27%	76.03%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%	0.73%
	25.00%	25.00%	25.00%	23.23%	24.27%	24.27%	24.27%	24.26%	24.27%	24.27%
No. of Shareholders	523	521	517	523	643	1,008	1,105	1,262	1,675	1,828

* 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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Salem Erode Investments Ltd

Salem Erode Investments Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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