Equitas Holdings Ltd

Equitas Holdings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Equitas Holdings Ltd

₹ 120 0.59%
02 Feb 2023
equitas.in BSE: 539844 NSE : EQUITAS
About

Equitas Holdings is engaged in a non-deposit taking Systemically Important Core Investment Company (CIC-ND-SI), from the Reserve Bank of India (RBI) to carry on the business as a Non-Banking Financial Institution.(Source : 202003-01 Annual Report Page No:62)

Key Points

One of India’s Largest Small Finance Banks
From a small urban micro financier in 2007 to a diversified pan-India non-banking finance company (NBFC) in 2015, and in 2022, Equitas holdings has become one of India’s largest small finance banks (Post Amalgamation with ESFBL). [1]

Website BSE NSE
  • Market Cap ₹ 4,112 Cr.
  • Current Price ₹ 120
  • High / Low ₹ /
  • Stock P/E 774
  • Book Value ₹ 50.6
  • Dividend Yield 0.00 %
  • ROCE 0.01 %
  • ROE -0.10 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 9.34% over past five years.
  • Company has a low return on equity of 2.89% over last 3 years.
  • Earnings include an other income of Rs.2.80 Cr.
  • Working capital days have increased from 130 days to 202 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
4.44 4.42 4.40 3.85 162.58 6.62 5.20 4.87 4.93 4.51 4.23 4.28 4.31
1.72 0.88 0.66 1.07 0.88 4.64 1.07 1.12 6.73 9.45 1.65 1.51 1.17
Operating Profit 2.72 3.54 3.74 2.78 161.70 1.98 4.13 3.75 -1.80 -4.94 2.58 2.77 3.14
OPM % 61.26% 80.09% 85.00% 72.21% 99.46% 29.91% 79.42% 77.00% -36.51% -109.53% 60.99% 64.72% 72.85%
0.03 0.22 0.17 0.05 0.02 0.03 0.02 0.02 -61.17 0.02 2.76 0.01 0.01
Interest 0.04 0.14 0.03 0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.22 0.22 0.22 0.23 0.23 0.22 0.23 0.23 0.23 0.02 0.02 0.02 0.02
Profit before tax 2.49 3.40 3.66 2.57 161.46 1.76 3.92 3.54 -63.20 -4.94 5.32 2.76 3.13
Tax % 23.29% 70.59% 26.78% 29.57% 11.85% 92.05% 27.30% 27.12% 0.71% 65.59% 12.78% 28.99% 9.90%
1.91 1.00 2.69 1.81 142.32 0.14 2.85 2.58 -62.76 -1.70 4.63 1.96 2.82
EPS in Rs 0.06 0.03 0.08 0.05 4.16 0.00 0.08 0.08 -1.84 -0.05 0.14 0.06 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
237.76 1.55 2.69 2.88 8.92 8.20 12.30 20.05 20.66 17.66 177.54 19.22 17.33
119.74 1.53 0.61 1.13 4.37 3.45 4.07 3.67 7.73 4.94 7.25 18.33 13.78
Operating Profit 118.02 0.02 2.08 1.75 4.55 4.75 8.23 16.38 12.93 12.72 170.29 0.89 3.55
OPM % 49.64% 1.29% 77.32% 60.76% 51.01% 57.93% 66.91% 81.70% 62.58% 72.03% 95.92% 4.63% 20.48%
0.40 0.00 0.00 0.00 0.00 0.00 0.06 0.00 1.86 1.41 0.18 -61.19 2.80
Interest 68.83 0.00 0.00 0.00 0.00 0.00 0.22 1.82 1.23 0.25 0.12 0.01 0.00
Depreciation 4.79 0.27 0.35 0.47 0.73 0.91 0.57 0.70 0.84 0.89 0.91 0.71 0.08
Profit before tax 44.80 -0.25 1.73 1.28 3.82 3.84 7.50 13.86 12.72 12.99 169.44 -61.02 6.27
Tax % 32.86% -2,440.00% 39.31% 63.28% 56.54% 45.05% 37.60% 23.74% 26.65% 40.80% 13.27% 2.88%
30.09 -6.35 1.06 0.47 1.66 2.12 4.68 10.57 9.33 7.69 146.95 -59.26 7.71
EPS in Rs 6.78 -1.43 0.18 0.06 0.06 0.08 0.14 0.31 0.27 0.22 4.30 -1.73 0.23
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 69.78% 0.00%
Compounded Sales Growth
10 Years: 29%
5 Years: 9%
3 Years: -2%
TTM: -20%
Compounded Profit Growth
10 Years: 6%
5 Years: %
3 Years: %
TTM: 75%
Stock Price CAGR
10 Years: %
5 Years: -1%
3 Years: 13%
1 Year: %
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 3%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
Equity Capital 44.43 44.43 57.76 72.62 268.87 269.92 337.81 340.43 341.46 341.79 341.79 341.79 341.79
Reserves 258.98 252.65 378.15 559.49 687.04 691.59 1,337.55 1,433.70 1,460.10 1,397.53 1,441.99 1,382.72 1,389.31
591.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
73.32 0.52 0.39 0.48 1.15 2.20 1.08 42.57 4.73 5.33 3.22 8.74 1.77
Total Liabilities 968.60 297.60 436.30 632.59 957.06 963.71 1,676.44 1,816.70 1,806.29 1,744.65 1,787.00 1,733.25 1,732.87
21.81 14.92 16.43 18.34 25.04 33.67 39.45 48.13 54.52 54.73 54.09 0.19 0.14
CWIP 0.12 0.06 0.51 2.57 0.18 0.10 0.10 1.07 0.00 0.10 0.00 0.00 0.00
Investments 13.71 261.41 406.36 531.30 852.36 845.86 1,461.86 1,553.93 1,561.87 1,491.21 1,489.33 1,430.09 1,443.07
932.96 21.21 13.00 80.38 79.48 84.08 175.03 213.57 189.90 198.61 243.58 302.97 289.66
Total Assets 968.60 297.60 436.30 632.59 957.06 963.71 1,676.44 1,816.70 1,806.29 1,744.65 1,787.00 1,733.25 1,732.87

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-170.66 -16.33 12.44 -62.28 4.31 57.15 -106.30 2.96 1.69 -0.39 -69.90 -35.41
5.10 -104.20 -145.38 -136.87 -327.20 -6.49 -636.77 -14.76 -6.63 -2.90 170.68 43.57
162.00 0.00 137.78 195.73 322.12 3.47 709.18 14.66 5.47 1.68 -102.39 -0.10
Net Cash Flow -3.56 -120.53 4.84 -3.42 -0.77 54.13 -33.89 2.86 0.53 -1.61 -1.60 8.05

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days 668.53 3,727.71 628.23 -31.68 -33.14 518.12 69.14 -60.80 117.49 166.38 21.83 201.68
ROCE % 14.21% -0.04% 0.47% 0.24% 0.48% 0.40% 0.59% 0.91% 0.78% 0.75% 9.63% 0.01%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
28.67% 28.19% 20.73% 25.59% 28.38% 28.90% 27.03% 27.94% 28.58% 26.29% 26.14% 24.58%
34.45% 30.25% 34.20% 31.60% 33.22% 32.07% 37.82% 35.69% 33.45% 34.95% 34.08% 36.67%
36.88% 41.56% 45.07% 42.81% 38.40% 39.03% 35.15% 36.37% 37.97% 38.76% 39.78% 38.76%
No. of Shareholders 2,97,5963,09,6543,30,4743,04,2672,68,7852,60,8252,43,0562,43,5592,41,5942,30,2942,19,8102,06,184

* 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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