Poonawalla Fincorp Ltd

Poonawalla Fincorp Ltd

₹ 437 0.29%
14 Jun - 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 33,884 Cr.
  • Current Price 437
  • High / Low 520 / 332
  • Stock P/E 31.8
  • Book Value 105
  • Dividend Yield 0.46 %
  • ROCE 10.9 %
  • ROE 14.2 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.5% CAGR over last 5 years

Cons

  • Stock is trading at 4.15 times its book value
  • The company has delivered a poor sales growth of 4.82% over past five years.
  • Company has a low return on equity of 9.80% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.886 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 573 476 508 508 384 408 455 498 577 693 739 763 915
Interest 251 200 176 181 110 119 144 159 173 230 216 224 281
1,187 195 199 190 158 164 149 143 152 194 207 178 241
Financing Profit -864 81 133 137 116 126 163 196 251 269 316 361 393
Financing Margin % -151% 17% 26% 27% 30% 31% 36% 39% 44% 39% 43% 47% 43%
14 11 7 8 44 59 58 52 23 40 829 11 7
Depreciation 14 12 14 14 14 12 14 16 19 15 15 15 14
Profit before tax -864 81 126 130 147 173 207 232 254 293 1,130 357 385
Tax % 25% 20% 24% 26% 19% 18% 21% 21% 22% 23% 24% 26% 14%
-648 65 96 96 119 141 163 182 199 226 860 265 332
EPS in Rs -24.02 0.84 1.25 1.26 1.55 1.84 2.13 2.38 2.58 2.94 11.19 3.45 4.28
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 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 1,682 2,195 2,534 2,656 2,524 2,290 2,457 2,513 2,319 1,540 2,177 3,109
Interest 926 1,177 1,233 1,192 1,131 1,117 1,122 1,294 1,100 509 595 950
540 816 1,068 1,147 1,341 872 880 1,112 1,950 623 838 820
Financing Profit 215 201 233 318 52 301 454 107 -731 408 744 1,339
Financing Margin % 13% 9% 9% 12% 2% 13% 18% 4% -32% 26% 34% 43%
35 30 25 28 43 39 38 49 39 109 184 886
Depreciation 38 33 35 39 48 49 50 75 56 49 61 59
Profit before tax 212 198 223 306 47 291 442 82 -749 468 866 2,166
Tax % 32% 19% 16% 30% 73% 19% 31% 67% 25% 20% 21% 22%
145 160 187 213 13 237 304 27 -559 375 685 1,683
EPS in Rs 7.28 7.99 9.49 8.93 0.86 9.99 11.29 1.00 -20.73 4.90 8.91 21.73
Dividend Payout % 11% 10% 8% 9% 93% 8% 7% 0% 0% 8% 22% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 10%
TTM: 43%
Compounded Profit Growth
10 Years: 21%
5 Years: 29%
3 Years: 57%
TTM: 125%
Stock Price CAGR
10 Years: 16%
5 Years: 27%
3 Years: 42%
1 Year: 27%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 10%
Last Year: 14%

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 Mar 2023 Mar 2024
Equity Capital 38 38 38 47 47 47 54 54 54 153 154 154
Reserves 1,359 1,466 1,617 2,104 2,125 1,925 2,690 2,694 2,140 5,903 6,708 8,013
Preference Capital 197 150 133 13 0 0 0 0 0 0 0
10,402 10,129 11,623 11,846 10,075 12,127 13,133 12,047 10,475 9,973 11,209 15,216
1,315 1,545 1,604 1,528 1,375 796 912 445 543 413 5,150 704
Total Liabilities 13,114 13,178 14,882 15,525 13,622 14,894 16,789 15,240 13,212 16,443 23,221 24,087
182 173 212 265 278 207 199 242 196 214 222 194
CWIP 8 25 9 13 8 1 4 7 0 0 5 0
Investments 267 402 414 400 546 140 141 151 177 0 311 878
12,657 12,578 14,248 14,846 12,790 14,546 16,445 14,841 12,839 16,228 22,684 23,014
Total Assets 13,114 13,178 14,882 15,525 13,622 14,894 16,789 15,240 13,212 16,443 23,221 24,087

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 Mar 2023 Mar 2024
-2,894 -502 -305 733 2,949 390 -923 998 1,644 -2,873 -5,237 -7,556
-535 -180 -36 -254 -186 -36 -98 -281 81 -33 -110 2,969
3,977 218 171 -498 -2,844 -387 1,490 -1,083 -1,574 2,903 5,748 4,331
Net Cash Flow 547 -464 -169 -20 -81 -33 469 -365 152 -3 401 -256

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 Mar 2023 Mar 2024
ROE % 11% 10% 11% 11% 1% 11% 13% 1% -23% 6% 7% 14%

Shareholding Pattern

Numbers in percentages

2 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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