Poonawalla Fincorp Ltd

Poonawalla Fincorp Ltd

₹ 489 1.69%
16 Apr - close price
About

Poonawalla Fincorp Limited (erstwhile Magma Fincorp Limited) is a non-deposit taking NBFC registered with RBI. It is engaged in providing consumer and MSME financing, as well as General Insurance services. [1][2]

Key Points

Pre-owned car loans Segment
During FY22, the Co. entered into partnerships with various digital aggregator platforms for accelerating the growth of this segment. This business comprised retail customers with an average ticket size in March 2022 of ~Rs. 3.5 Lakhs. It plans to grow this segment by 15-20% by FY25 and enhance digital aggregators to provide efficient services. [1]

  • Market Cap 37,895 Cr.
  • Current Price 489
  • High / Low 520 / 306
  • Stock P/E 37.7
  • Book Value 101
  • Dividend Yield 0.41 %
  • ROCE 8.91 %
  • ROE 9.38 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.3% CAGR over last 5 years

Cons

  • Stock is trading at 4.83 times its book value
  • The company has delivered a poor sales growth of 1.22% over past five years.
  • Company has a low return on equity of 2.35% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1,257 Cr.
  • Working capital days have increased from 59.0 days to 196 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 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Revenue 455 435 373 393 387 383 407 455 501 577 699 738 763
Interest 211 191 147 128 124 110 119 144 159 173 235 216 224
235 1,078 157 158 151 158 164 149 143 152 194 207 178
Financing Profit 8 -834 69 107 113 115 124 162 199 252 269 316 361
Financing Margin % 2% -192% 18% 27% 29% 30% 31% 36% 40% 44% 39% 43% 47%
5 12 5 4 7 15 43 26 18 4 14 1,228 11
Depreciation 12 13 11 12 13 14 12 14 16 19 15 15 15
Profit before tax 2 -835 63 98 107 117 155 174 201 237 268 1,529 357
Tax % 34% 25% 21% 25% 25% 24% 20% 25% 25% 24% 25% 18% 26%
1 -626 50 74 80 89 124 130 150 181 200 1,259 265
EPS in Rs 0.04 -23.21 0.65 0.97 1.05 1.17 1.62 1.70 1.97 2.35 2.61 16.38 3.45
Gross NPA % 4.79% 1.77% 3.29% 2.68% 1.77% 1.69% 1.44% 1.42% 1.36% 1.33%
Net NPA % 2.90% 2.27% 0.94% 1.30% 1.11% 0.94% 0.89% 0.78% 0.76% 0.72% 0.70%
Raw PDF
Upcoming result date: 29 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Revenue 1,004 1,584 1,856 2,030 2,120 1,993 2,063 2,234 2,178 1,849 1,536 2,193 2,776
Interest 599 887 1,055 1,061 998 943 1,013 1,018 1,124 875 509 595 847
314 503 609 774 836 1,025 800 797 989 1,723 623 607 732
Financing Profit 91 194 192 194 286 25 251 419 64 -748 404 990 1,197
Financing Margin % 9% 12% 10% 10% 14% 1% 12% 19% 3% -40% 26% 45% 43%
21 22 20 15 19 34 35 34 41 28 30 -162 1,257
Depreciation 30 37 33 35 39 48 49 50 72 52 49 61 65
Profit before tax 82 179 178 175 266 11 237 403 34 -773 385 767 2,390
Tax % 23% 31% 24% 15% 30% 43% 15% 32% 129% 25% 24% 24%
63 123 136 149 187 6 201 275 -10 -578 293 585 1,905
EPS in Rs 3.33 6.46 7.13 7.83 7.90 0.26 8.49 10.22 -0.37 -21.45 3.83 7.62 24.79
Dividend Payout % 18% 12% 11% 10% 10% 311% 9% 8% 0% 0% 10% 26%
Compounded Sales Growth
10 Years: 3%
5 Years: 1%
3 Years: 0%
TTM: 59%
Compounded Profit Growth
10 Years: 17%
5 Years: 23%
3 Years: 289%
TTM: 110%
Stock Price CAGR
10 Years: 20%
5 Years: 32%
3 Years: 64%
1 Year: 58%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 2%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 38 38 38 38 47 47 47 54 54 54 153 154 154
Reserves 1,043 1,136 1,226 1,345 1,984 1,990 1,763 2,502 2,461 1,888 5,562 6,271 7,627
Preference Capital 143 161 114 97 13 0 0 0 0 0 0 0
5,980 9,432 8,835 9,724 9,825 8,491 11,098 11,750 10,060 7,949 6,773 11,209 11,320
890 1,137 1,219 1,204 1,052 891 659 682 380 451 322 388 518
Total Liabilities 7,952 11,742 11,318 12,312 12,909 11,419 13,568 14,988 12,955 10,342 12,810 18,022 19,618
178 166 157 195 202 211 191 184 221 171 174 207 181
CWIP 0 8 25 8 12 5 1 4 6 0 0 5 0
Investments 33 285 321 241 458 580 306 302 402 429 820 311 427
7,739 11,282 10,815 11,867 12,237 10,623 13,070 14,498 12,326 9,742 11,815 17,499 19,010
Total Assets 7,952 11,742 11,318 12,312 12,909 11,419 13,568 14,988 12,955 10,342 12,810 18,022 19,618

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2,199 807 1,260 83 714 2,406 211 -584 1,661 2,088 -1,649 -4,073
-35 -285 -76 22 -244 -180 -36 -77 -241 93 -525 -5
2,065 -6 -1,696 -201 -498 -2,301 -209 1,135 -1,782 -2,120 2,244 4,344
Net Cash Flow -169 516 -512 -96 -28 -75 -34 475 -363 60 70 266

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 8% 11% 11% 11% 11% 0% 10% 13% -0% -26% 8% 9%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.20% 72.52% 68.25% 61.50% 61.49% 61.48% 62.05% 62.14% 62.12% 62.10% 62.07% 62.13%
5.34% 5.94% 5.82% 6.58% 7.35% 7.48% 7.30% 7.13% 7.18% 7.91% 7.79% 7.76%
9.70% 6.98% 6.55% 6.23% 5.72% 5.14% 4.46% 6.12% 7.99% 6.94% 5.58% 5.81%
11.76% 14.56% 19.37% 25.69% 25.43% 25.88% 26.18% 24.61% 22.71% 23.06% 24.57% 23.79%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.52%
No. of Shareholders 49,03066,3171,19,0341,64,8051,93,0211,92,2832,10,8522,08,4191,85,8032,02,7051,95,3342,03,244

* 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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