Sakthi Finance Ltd

Sakthi Finance Ltd

₹ 48.0 -4.78%
28 Mar - close price
About

Incorporated in 1955, Sakthi Finance provides financing in India[1]

Key Points

Business Overview:[1]
SFL is a part of the Sakthi Group and is classified as NBFC -Middle layer. It provides vehicle financing in used commercial vehicles, with operations across Tamil Nadu, Kerala, Andhra Pradesh and Karnataka. Company also presence in related businesses, like automotive dealerships, has aided origination, appraisal, and good market responsiveness, monitoring and collections.
It has a branch-centric operating model with in-house origination team, which is responsible for collections, while the credit sanctions are centralised.
SFL conducts credit bureau checks to screen its customers, followed by a field investigation and an income assessment and viability analysis
as a part of its loan origination process

  • Market Cap 310 Cr.
  • Current Price 48.0
  • High / Low 104 / 26.1
  • Stock P/E 20.7
  • Book Value 32.5
  • Dividend Yield 1.46 %
  • ROCE 10.0 %
  • ROE 6.18 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 39.7%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.95% over past five years.
  • Company has a low return on equity of 5.33% 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

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
44.02 45.57 42.47 46.34 46.48 46.05 46.40 47.44 48.96 49.01 49.15 51.22 52.21
13.51 13.97 12.65 13.83 15.22 14.39 14.04 14.46 16.21 15.14 14.92 15.59 16.07
Operating Profit 30.51 31.60 29.82 32.51 31.26 31.66 32.36 32.98 32.75 33.87 34.23 35.63 36.14
OPM % 69.31% 69.34% 70.21% 70.16% 67.25% 68.75% 69.74% 69.52% 66.89% 69.11% 69.64% 69.56% 69.22%
-0.00 -0.00 -0.00 -0.00 -0.00 0.01 -0.00 -0.00 0.02 0.11 -0.00 -0.00 -0.00
Interest 26.45 27.38 25.08 27.81 27.57 26.97 27.45 27.12 27.56 27.14 28.24 28.97 28.84
Depreciation 1.06 1.03 1.20 1.21 1.22 1.29 1.33 1.36 1.38 1.40 1.45 1.47 1.47
Profit before tax 3.00 3.19 3.54 3.49 2.47 3.41 3.58 4.50 3.83 5.44 4.54 5.19 5.83
Tax % 25.33% 35.42% 24.58% 26.07% 32.39% 24.05% 27.37% 26.89% 17.49% 36.58% 24.01% 27.75% 25.90%
2.25 2.06 2.68 2.58 1.67 2.60 2.59 3.29 3.16 3.45 3.45 3.75 4.32
EPS in Rs 0.35 0.32 0.41 0.40 0.26 0.40 0.40 0.51 0.49 0.53 0.53 0.58 0.67
Raw PDF

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
112 121 132 148 168 168 166 165 170 171 181 192 202
29 32 34 37 42 43 47 48 50 49 56 60 62
Operating Profit 83 90 98 111 126 125 119 117 120 122 126 132 140
OPM % 74% 74% 74% 75% 75% 75% 72% 71% 70% 71% 69% 69% 69%
4 7 6 3 -0 3 3 2 -0 0 0 0 0
Interest 67 73 79 90 103 103 100 99 101 105 108 109 113
Depreciation 3 3 2 2 3 3 3 4 5 4 5 5 6
Profit before tax 17 21 23 21 20 21 19 17 14 13 13 17 21
Tax % 32% 34% 38% 26% 39% 21% 36% 29% 20% 26% 26% 28%
12 14 14 16 13 17 12 12 11 9 10 12 15
EPS in Rs 2.32 2.80 2.83 3.17 2.51 3.35 2.39 2.39 1.73 1.43 1.47 1.93 2.31
Dividend Payout % 43% 36% 35% 32% 40% 30% 42% 42% 35% 42% 41% 36%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 4%
TTM: 7%
Compounded Profit Growth
10 Years: 0%
5 Years: 1%
3 Years: 4%
TTM: 29%
Stock Price CAGR
10 Years: 16%
5 Years: 22%
3 Years: 43%
1 Year: 65%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 5%
Last Year: 6%

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 50 50 50 50 50 50 50 50 65 65 65 65 65
Reserves 74 79 83 91 95 103 108 112 122 127 133 142 145
Preference Capital 7 10 10 11 10 10 11 15 -0 -0 -0 -0
588 623 639 836 745 865 873 860 1,009 1,023 1,052 1,074 1,113
56 85 130 186 190 61 62 101 24 22 20 20 24
Total Liabilities 768 837 902 1,163 1,080 1,079 1,094 1,123 1,220 1,238 1,269 1,301 1,347
68 62 60 58 65 65 63 62 79 76 75 73 72
CWIP -0 2 0 0 1 0 1 2 0 1 -0 -0 -0
Investments 12 11 14 24 23 26 27 30 27 27 25 13 12
688 761 828 1,080 990 988 1,003 1,030 1,114 1,134 1,170 1,214 1,263
Total Assets 768 837 902 1,163 1,080 1,079 1,094 1,123 1,220 1,238 1,269 1,301 1,347

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
-83 -48 -23 66 -102 -25 92 15 -136 6 2 -2
3 4 4 -4 -9 2 5 1 5 2 -7 20
72 52 18 45 8 27 -90 -20 109 -6 5 -3
Net Cash Flow -9 8 -1 107 -104 4 6 -4 -22 3 1 16

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
Debtor Days 11 11 2 3 3 3 3 4 5 4 3 4
Inventory Days
Days Payable
Cash Conversion Cycle 11 11 2 3 3 3 3 4 5 4 3 4
Working Capital Days 1,924 1,924 1,847 1,478 1,562 1,656 1,462 2,109 12 3 38 28
ROCE % 12% 12% 13% 13% 13% 13% 11% 11% 10% 10% 10% 10%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.02% 67.02% 67.02% 67.02% 67.02% 67.02% 67.02% 67.02% 67.02% 67.02% 67.02% 67.02%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.09% 0.00%
32.98% 32.98% 32.98% 32.98% 32.98% 32.98% 32.98% 32.98% 32.99% 32.89% 32.90% 32.98%
No. of Shareholders 9,97210,32710,34610,59910,42510,44710,3129,8399,7689,73010,1549,872

* 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.

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