Finkurve Financial Services Ltd

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

Finkurve Financial Services Ltd

₹ 53.7 -4.69%
02 Apr - close price
finkurve.com BSE: 508954 NSE: FINKURVE
About

Incorporated in 1984, Finkurve Financials Services Ltd operates in Financing and
other activities[1]

Key Points

Business Overview:[1][2]
Finkurve Financial Services Ltd (Arvog), erstwhile Sanjay Leasing Limited, is a technology-enabled, next-generation, non-systematically important, non-deposit-taking Base Layer Non-Banking Financial Company (NBFC). It is Part of the Augmont Group, it primarily offers Gold Loans (asset-backed secured credit) and cash-flow based unsecured personal loans.
It operates a co-lending model with banks and NBFCs, leveraging Augmont's gold ecosystem for retail gold lending. It's ecosystem gives us a unique structural advantage, particularly in areas such as gold handling expertise, process design and institutional understanding of this asset.

Website BSE NSE
  • Market Cap ₹ 752 Cr.
  • Current Price ₹ 53.7
  • High / Low ₹ 154 / 48.0
  • Stock P/E 38.1
  • Book Value ₹ 12.5
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 13.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 102% CAGR over last 5 years

Cons

  • Stock is trading at 4.31 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.93% 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.

Peer comparison

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Dec 2023
3.43 3.73 6.52 10.55 6.33 7.25 5.56 8.88 8.10 10.49 10.22 27.74 23.64
Interest 1.25 1.15 2.02 3.75 1.79 1.79 1.85 1.60 0.55 1.76 0.59 0.52 1.65
1.54 2.18 2.92 4.31 2.30 2.20 4.59 5.39 5.03 6.41 10.08 6.60 15.31
Financing Profit 0.64 0.40 1.58 2.49 2.24 3.26 -0.88 1.89 2.52 2.32 -0.45 20.62 6.68
Financing Margin % 18.66% 10.72% 24.23% 23.60% 35.39% 44.97% -15.83% 21.28% 31.11% 22.12% -4.40% 74.33% 28.26%
0.12 0.12 0.21 0.29 0.03 0.19 0.53 -0.09 0.20 0.02 0.15 0.24 0.07
Depreciation 0.06 0.10 0.11 0.25 0.18 0.17 0.17 0.34 0.18 0.22 0.22 0.13 0.12
Profit before tax 0.70 0.42 1.68 2.53 2.09 3.28 -0.52 1.46 2.54 2.12 -0.52 20.73 6.63
Tax % 0.00% 0.00% 0.00% 49.41% 26.79% 24.09% -15.38% 35.62% 26.38% 26.89% 32.69% 17.99% 25.79%
0.70 0.42 1.68 1.27 1.53 2.49 -0.43 0.95 1.87 1.54 -0.68 17.01 4.91
EPS in Rs 0.06 0.04 0.14 0.11 0.12 0.20 -0.04 0.08 0.15 0.12 -0.05 1.34 0.39
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
392 415 920 494 327 299 18 25 28 57
Interest 2 1 2 8 9 8 12 8 7 4
390 414 917 484 317 288 5 11 14 28
Financing Profit 1 -0 2 2 1 2 1 6 7 25
Financing Margin % 0% -0% 0% 0% 0% 1% 5% 23% 24% 44%
0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 1 1 1
Profit before tax 1 -0 2 2 1 2 1 5 6 25
Tax % 30% 37% 30% 33% 31% 36% 38% 24% 28% 21%
1 -0 1 1 1 2 0 4 5 20
EPS in Rs 0.05 -0.04 0.07 0.12 0.06 0.20 0.05 0.32 0.36 1.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -30%
3 Years: 48%
TTM: 100%
Compounded Profit Growth
10 Years: %
5 Years: 102%
3 Years: 253%
TTM: 331%
Stock Price CAGR
10 Years: 13%
5 Years: 5%
3 Years: -9%
1 Year: -56%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 8%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 1 10 10 10 10 10 10 13 13 13
Reserves 10 2 2 3 4 6 6 121 125 145
Borrowing 14 4 31 72 75 111 93 75 78 24
4 2 2 3 9 6 3 7 9 4
Total Liabilities 30 18 45 88 98 133 112 215 225 186
0 0 0 0 0 0 1 2 2 1
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 1 1 0 1 1 3 1 2 4 5
28 16 44 87 96 130 111 211 219 180
Total Assets 30 18 45 88 98 133 112 215 225 186

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1 12 -23 -35 7 -28 30 -81 4 28
-1 1 0 -0 0 -1 -0 -2 -0 20
-2 -11 25 33 -6 28 -29 85 -4 -56
Net Cash Flow -1 2 2 -2 1 -1 1 2 -1 -8
Free Cash Flow 1 12 -23 -35 7 -28 30 -81 4 27
CFO/OP 73% 2,863% -657% -320% 77% -255% 241% -568% 43% 119%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
ROE % 3% -4% 5% 10% 4% 14% 3% 5% 3% 13%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Assets Under Management (AUM)
INR Cr

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Number of Branches
Count ・Standalone data
Annual Disbursements
INR Cr
Gold Loan AUM
INR Cr
Collection Efficiency
%
Gold Holdings
Kg
Gold Loan as % of AUM
%
Gold Loan Average Ticket Size
INR
Total Loan Book (Historical)
INR Cr ・Standalone data

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
54.60% 54.60% 54.60% 54.60% 58.99% 58.99% 58.99% 61.70% 62.07% 62.07% 56.26% 56.24%
5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.84% 5.89% 6.61% 6.71% 6.70%
39.56% 39.56% 39.56% 39.55% 35.17% 35.17% 35.16% 32.45% 32.05% 31.32% 37.04% 37.05%
No. of Shareholders 1,3711,3191,3991,8812,2992,1021,8832,7442,8882,7242,7882,976

* 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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Documents

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