Fedbank Financial Services Ltd

Fedbank Financial Services Ltd

₹ 124 1.10%
02 Mar 9:40 a.m.
About

Fedbank Financial Services Limited a subsidiary of The Fedral Bank Limited, provides Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.[1]

Key Points

Business Profile[1] Fedfina is a retail-focused non-banking finance company that has the 2nd lowest cost of borrowing among the micro, small, and medium enterprises (“MSMEs”), gold loan and MSME & gold loan peer set in FY23.

  • Market Cap 4,582 Cr.
  • Current Price 124
  • High / Low 154 / 118
  • Stock P/E 20.2
  • Book Value 40.6
  • Dividend Yield 0.00 %
  • ROCE 9.78 %
  • ROE 15.3 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.03 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.9% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Mar 2021 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 199 285 309 338 361 395 413
Interest 83 108 125 141 164 167 176
75 111 117 124 124 144 156
Financing Profit 40 66 67 73 74 84 82
Financing Margin % 20% 23% 22% 21% 21% 21% 20%
1 8 10 -7 6 3 16
Depreciation 8 10 11 11 9 9 10
Profit before tax 33 64 66 55 72 77 88
Tax % 29% 28% 23% 29% 25% 25% 26%
23 46 51 39 54 58 65
EPS in Rs 0.81 1.44 1.59 1.21 1.68 1.80 1.77
Gross NPA % 2.41% 2.34% 2.19%
Net NPA % 1.95% 1.83% 1.66%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 255 464 692 869 1,180 1,508
Interest 114 201 313 348 472 647
83 190 280 359 442 548
Financing Profit 58 74 99 162 266 312
Financing Margin % 23% 16% 14% 19% 23% 21%
0 2 6 14 19 19
Depreciation 8 19 27 37 42 39
Profit before tax 51 56 77 139 243 292
Tax % 29% 30% 20% 26% 26%
36 39 62 103 180 216
EPS in Rs 1.57 1.43 2.13 3.22 5.60 6.46
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 36%
TTM: 36%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 70%
TTM: 84%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 230 273 290 322 322 324
Reserves 229 418 545 832 1,034 1,172
1,639 3,307 4,453 5,154 7,270 8,281
53 88 179 248 445 328
Total Liabilities 2,151 4,086 5,466 6,556 9,071 10,105
46 107 133 154 146 146
CWIP 0 0 1 1 1 1
Investments 13 41 32 514 681 357
2,092 3,938 5,300 5,887 8,244 9,601
Total Assets 2,151 4,086 5,466 6,556 9,071 10,105

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-445 -1,397 -371 -578 -1,474
-55 -69 -71 -417 -130
495 1,599 825 535 1,632
Net Cash Flow -5 133 384 -460 28

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 7% 8% 10% 15%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2023
61.65%
2.54%
22.64%
13.17%
No. of Shareholders 1,68,184

* 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.

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

Documents