Poonawalla Fincorp Ltd

Poonawalla Fincorp Ltd

₹ 465 1.25%
22 Feb 1:00 p.m.
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 35,747 Cr.
  • Current Price 465
  • High / Low 520 / 274
  • Stock P/E 36.7
  • Book Value 102
  • Dividend Yield 0.43 %
  • ROCE 7.18 %
  • ROE 7.69 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.57 times its book value
  • The company has delivered a poor sales growth of -1.01% over past five years.
  • Company has a low return on equity of 1.45% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.902 Cr.
  • Working capital days have increased from 97.2 days to 272 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 589 573 476 508 508 384 408 455 498 577 693 739 763
Interest 270 251 200 176 181 110 119 144 159 173 230 216 224
296 1,187 195 199 190 158 164 149 143 152 194 207 178
Financing Profit 24 -864 81 133 137 116 126 163 196 251 269 316 361
Financing Margin % 4% -151% 17% 26% 27% 30% 31% 36% 39% 44% 39% 43% 47%
7 14 11 7 8 44 59 58 52 23 40 829 11
Depreciation 14 14 12 14 14 14 12 14 16 19 15 15 15
Profit before tax 17 -864 81 126 130 147 173 207 232 254 293 1,130 357
Tax % 25% 25% 20% 24% 26% 19% 18% 21% 21% 22% 23% 24% 26%
13 -648 65 96 96 119 141 163 182 199 226 860 265
EPS in Rs 0.48 -24.02 0.84 1.25 1.26 1.55 1.84 2.13 2.38 2.58 2.94 11.19 3.45
Gross NPA % 4.11% 2.19% 1.52%
Net NPA % 2.01% 0.95% 0.83%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,051 1,682 2,195 2,534 2,656 2,524 2,290 2,457 2,513 2,319 1,540 2,177 2,771
Interest 625 926 1,177 1,233 1,192 1,131 1,117 1,122 1,294 1,100 509 595 842
321 540 816 1,068 1,147 1,341 872 880 1,112 1,950 623 838 732
Financing Profit 104 215 201 233 318 52 301 454 107 -731 408 744 1,197
Financing Margin % 10% 13% 9% 9% 12% 2% 13% 18% 4% -32% 26% 34% 43%
29 35 30 25 28 43 39 38 49 39 109 184 902
Depreciation 30 38 33 35 39 48 49 50 75 56 49 61 65
Profit before tax 104 212 198 223 306 47 291 442 82 -749 468 866 2,035
Tax % 25% 32% 19% 16% 30% 73% 19% 31% 67% 25% 20% 21%
78 145 160 187 213 13 237 304 27 -559 375 685 1,550
EPS in Rs 3.90 7.28 7.99 9.49 8.93 0.86 9.99 11.29 1.00 -20.73 4.90 8.91 20.16
Dividend Payout % 15% 11% 10% 8% 9% 93% 8% 7% 0% 0% 8% 22%
Compounded Sales Growth
10 Years: 3%
5 Years: -1%
3 Years: -5%
TTM: 59%
Compounded Profit Growth
10 Years: 14%
5 Years: 16%
3 Years: 164%
TTM: 106%
Stock Price CAGR
10 Years: 21%
5 Years: 36%
3 Years: 57%
1 Year: 55%
Return on Equity
10 Years: 5%
5 Years: 3%
3 Years: 1%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,064 1,359 1,466 1,617 2,104 2,125 1,925 2,690 2,694 2,140 5,903 6,708 7,678
Preference Capital 143 197 150 133 13 0 0 0 0 0 0 0
6,117 10,402 10,129 11,623 11,846 10,075 12,127 13,133 12,047 10,475 9,973 11,209 11,320
936 1,315 1,545 1,604 1,528 1,375 796 912 445 543 413 5,150 518
Total Liabilities 8,154 13,114 13,178 14,882 15,525 13,622 14,894 16,789 15,240 13,212 16,443 23,221 19,669
178 182 173 212 265 278 207 199 242 196 214 222 181
CWIP 0 8 25 9 13 8 1 4 7 0 0 5 0
Investments 0 267 402 414 400 546 140 141 151 177 0 311 427
7,975 12,657 12,578 14,248 14,846 12,790 14,546 16,445 14,841 12,839 16,228 22,684 19,061
Total Assets 8,154 13,114 13,178 14,882 15,525 13,622 14,894 16,789 15,240 13,212 16,443 23,221 19,669

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2,169 -2,894 -502 -305 733 2,949 390 -923 998 1,644 -2,873 -5,237
-20 -535 -180 -36 -254 -186 -36 -98 -281 81 -33 -110
2,023 3,977 218 171 -498 -2,844 -387 1,490 -1,083 -1,574 2,903 5,748
Net Cash Flow -166 547 -464 -169 -20 -81 -33 469 -365 152 -3 401

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 9% 11% 10% 11% 11% 1% 11% 13% 1% -23% 6% 8%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
24.39% 73.20% 72.52% 68.25% 61.50% 61.49% 61.48% 62.05% 62.14% 62.12% 62.10% 62.07%
18.87% 5.34% 5.94% 5.82% 6.58% 7.35% 7.48% 7.30% 7.13% 7.18% 7.91% 7.79%
29.85% 9.70% 6.98% 6.55% 6.23% 5.72% 5.14% 4.46% 6.12% 7.99% 6.94% 5.58%
26.89% 11.76% 14.56% 19.37% 25.69% 25.43% 25.88% 26.18% 24.61% 22.71% 23.06% 24.57%
No. of Shareholders 40,16049,03066,3171,19,0341,64,8051,93,0211,92,2832,10,8522,08,4191,85,8032,02,7051,95,334

* 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