Satin Creditcare Network Ltd

Satin Creditcare Network is a nondeposit accepting Non-Banking Financial Company (NBFC-ND) and is registered as a Non-Banking Financial Company Micro Finance Institution (NBFC-MFI) with the Reserve Bank of India (RBI) in November 2013. The Company is engaged primarily in providing micro finance services to women in the rural areas of India who are enrolled as members and organised as Joint Liability Groups (JLG).(Source : 201903 Annual Report Page No: 117)

  • Market Cap: 1,244 Cr.
  • Current Price: 239.05
  • 52 weeks High / Low 398.00 / 182.35
  • Book Value: 261.21
  • Stock P/E: 5.61
  • Dividend Yield: 0.00 %
  • ROCE: 15.30 %
  • ROE: 19.39 %
  • Sales Growth (3Yrs): 35.00 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Pros:
Stock is trading at 0.92 times its book value
Company has good consistent profit growth of 65.77% over 5 years
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
Promoter holding is low: 30.19%
Company has a low return on equity of 13.31% for last 3 years.

Peer Comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
Revenue 208 165 243 235 246 278 309 352 381 330 333 345
Interest 116 120 129 127 132 144 153 168 167 151 151 147
66 106 237 -10 34 67 116 112 98 91 114 118
Financing Profit 26 -61 -123 118 79 66 40 72 117 88 68 80
Financing Margin % 12% -37% -51% 50% 32% 24% 13% 20% 31% 27% 21% 23%
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 2 4 3 3 4 2 3 3 3 3 4
Profit before tax 24 -63 -126 115 76 62 38 69 114 85 65 76
Tax % 33% 32% 35% 35% 36% 34% 34% 36% 39% 35% 36% 28%
Net Profit 16 -43 -82 74 49 41 25 44 70 55 41 55
EPS in Rs 4.06 -12.92 -21.45 19.16 11.14 8.71 5.26 9.16 14.44 11.44 8.51 10.59
Gross NPA % 0.00% 14.45% 0.00% 0.00% 0.00% 4.44% 0.00% 4.09% 3.21% 2.90% 0.00% 0.00%
Net NPA % 0.00% 12.76% 0.00% 0.00% 0.00% 2.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
Revenue 11 17 36 59 56 94 191 324 558 777 977 1,373 1,389
Interest 5 8 16 28 27 54 106 177 290 435 533 643 615
5 8 15 26 27 34 61 98 178 298 303 413 421
Financing Profit 1 1 5 4 3 6 23 48 90 43 141 317 353
Financing Margin % 8% 8% 14% 7% 5% 6% 12% 15% 16% 6% 14% 23% 25%
Other Income 0 0 -0 -0 0 0 1 0 1 -0 0 0 1
Depreciation 0 0 0 1 1 1 1 2 3 6 14 11 14
Profit before tax 1 1 4 3 2 5 23 46 88 37 127 306 340
Tax % 39% 34% 35% 36% 33% 27% 34% 32% 34% 34% 35% 36%
Net Profit 1 1 3 2 1 4 16 32 58 24 82 195 222
EPS in Rs 6.82 12.15 18.21 6.60 17.38 40.17 44.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:54.81%
5 Years:48.43%
3 Years:35.00%
TTM:17.24%
Compounded Profit Growth
10 Years:73.91%
5 Years:65.77%
3 Years:49.85%
TTM:38.98%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-13.65%
1 Year:-6.82%
Return on Equity
10 Years:13.52%
5 Years:14.49%
3 Years:13.31%
Last Year:19.39%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
9 9 11 18 18 23 29 31 32 62 47 49 52
Reserves 6 7 13 61 62 101 116 168 293 600 827 1,088 1,308
Borrowings 53 80 184 207 216 590 909 1,630 2,748 3,855 5,151 5,235 4,403
2 2 12 9 21 32 69 187 231 257 242 351 891
Total Liabilities 69 98 220 295 317 745 1,116 2,011 3,303 4,749 6,267 6,722 6,654
3 4 4 5 4 4 5 6 14 38 39 45 58
CWIP 1 1 2 3 4 4 7 8 7 12 16 16 23
Investments 1 1 1 1 1 1 0 0 0 70 149 422 802
64 92 214 286 308 736 1,104 1,996 3,282 4,629 6,063 6,239 5,771
Total Assets 69 98 220 295 317 745 1,116 2,011 3,303 4,749 6,267 6,722 6,654

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-12 -27 -52 -52 32 -105 -44 -443 -615 -953 -1,528 718
-2 -1 -1 -3 -0 -1 -4 -4 -10 -84 -80 -264
28 28 113 72 -24 269 65 521 701 1,420 1,390 63
Net Cash Flow 15 0 59 17 7 163 17 74 76 383 -218 516

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROE % 4% 5% 15% 4% 2% 4% 12% 18% 22% 5% 11% 19%

Credit Ratings