5Paisa Capital Ltd

5Paisa Capital Ltd

₹ 534 -0.61%
14 Jun - close price
About

5 paisa capital was started in 2007. It is a fintech company having presence mainly in online discounted stock broking, depository services, research, distribution of financial products, and peer-to-peer lending. [1]
Its Promoter is Mr. Nirmal Jain who is also the promoter of IIFL Group. [2] [3]

Key Points

Background[1]
5paisa started operations as a discount brokerage platform in 2016 and was a wholly-owned subsidiary of IIFL Holdings Ltd (IIFL Holdings; erstwhile listed holding company of IIFL group entities) until 2016. Post the demerger of 5paisa from IIFL Holdings in fiscal 2017, and the subsequent listing of the company, the shareholding pattern mirrored that of IIFL Holdings. As of June 30, 2023, the promoter and promoter group held 33.39% stake and the Fairfax group owned 33.43%.

  • Market Cap 1,665 Cr.
  • Current Price 534
  • High / Low 759 / 331
  • Stock P/E 30.6
  • Book Value 173
  • Dividend Yield 0.00 %
  • ROCE 13.4 %
  • ROE 10.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 37.3% CAGR over last 5 years

Cons

  • Stock is trading at 3.08 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 32.8%
  • Company has a low return on equity of 9.55% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
49.53 60.09 67.93 80.05 88.26 84.03 79.55 83.76 90.59 84.55 96.90 100.26 112.86
36.89 45.42 60.58 71.50 75.09 66.39 59.53 60.95 65.14 58.96 63.36 69.89 92.29
Operating Profit 12.64 14.67 7.35 8.55 13.17 17.64 20.02 22.81 25.45 25.59 33.54 30.37 20.57
OPM % 25.52% 24.41% 10.82% 10.68% 14.92% 20.99% 25.17% 27.23% 28.09% 30.27% 34.61% 30.29% 18.23%
0.36 0.83 0.62 0.16 0.05 0.02 0.67 0.04 0.86 0.03 0.04 0.07 0.02
Interest 4.06 4.58 5.07 6.53 5.69 5.48 4.53 5.99 4.63 3.84 6.47 7.99 10.26
Depreciation 1.13 1.06 1.25 1.19 1.52 2.07 2.09 2.17 2.48 2.31 2.24 2.27 2.72
Profit before tax 7.81 9.86 1.65 0.99 6.01 10.11 14.07 14.69 19.20 19.47 24.87 20.18 7.61
Tax % 25.10% 26.98% 15.15% 25.25% 26.79% 26.90% 23.67% 25.05% 25.00% 25.37% 23.44% 25.22% 24.18%
5.86 7.20 1.39 0.74 4.40 7.39 10.75 11.02 14.41 14.54 19.04 15.09 5.78
EPS in Rs 2.30 2.45 0.47 0.25 1.50 2.51 3.51 3.60 4.70 4.75 6.19 4.84 1.85
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 20 61 108 195 298 338 395
22 51 78 99 150 251 252 284
Operating Profit -15 -32 -17 10 45 47 87 110
OPM % -199% -161% -28% 9% 23% 16% 26% 28%
0 0 0 0 0 0 1 0
Interest 1 1 7 15 21 23 21 29
Depreciation 0 1 1 4 5 5 9 10
Profit before tax -16 -33 -25 -10 20 18 58 72
Tax % 29% 24% 25% 18% 26% 26% 25% 25%
-12 -25 -19 -8 15 14 44 54
EPS in Rs -3.30 -9.92 -7.43 -3.10 5.76 4.67 14.22 17.45
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 45%
3 Years: 27%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 37%
3 Years: 55%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: 22%
3 Years: 9%
1 Year: 46%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 10%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 13 13 13 25 26 29 31 31
Reserves 76 50 32 113 131 330 433 509
0 16 92 219 234 279 169 336
21 52 145 266 477 971 1,009 1,172
Total Liabilities 109 131 282 624 867 1,609 1,642 2,048
0 2 2 8 8 11 16 25
CWIP 0 0 0 2 0 0 0 0
Investments 0 0 3 9 9 14 8 2
109 129 277 605 851 1,583 1,618 2,021
Total Assets 109 131 282 624 867 1,609 1,642 2,048

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-21 -51 15 -237 2 -141 25 -92
2 -5 1 39 -1 -12 -8 -13
87 -1 27 156 -4 225 -85 154
Net Cash Flow 68 -56 43 -42 -3 73 -68 50

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 10 12 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 20 10 12 0 0 0 0 0
Working Capital Days -210 -20 -177 -75 -577 -1,026 -941 -897
ROCE % -39% -17% 2% 11% 8% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
29.97% 29.96% 29.95% 29.95% 29.94% 32.68% 32.68% 33.33% 33.39% 33.27% 32.84% 32.80%
25.05% 25.03% 24.87% 24.86% 24.85% 23.90% 23.89% 23.80% 23.54% 23.08% 22.37% 22.66%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20% 0.29%
44.98% 45.01% 45.17% 45.19% 45.19% 43.39% 43.40% 42.86% 43.05% 43.63% 44.57% 44.24%
0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
No. of Shareholders 16,55417,57717,88621,47522,18824,33925,00526,27827,91432,04933,16442,465

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls