Satin Creditcare Network Ltd

Satin Creditcare Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Satin Creditcare Network Ltd

₹ 253 -0.74%
26 Apr - close price
satincreditcare.com BSE: 539404 NSE : SATIN
About

Satin Network Limited (SCNL) is a leading microfinance institution (MFI) with presence in 23 states & union territory and 95,000 villages. The company offers a bouquet of financial products in the Non‐MFI segment (comprising loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Financial Services Limited (TFSL), a business correspondent company and a 100% subsidiary of SCNL.[1]

Key Points

Services[1]
SCNL provides Microfinance for Income Generating Loans (IGL), Housing Finance, Long Term Loans (LTL), Social impact financing through product loans & WASH loans and loans to MSMEs.

Website BSE NSE
  • Market Cap ₹ 2,799 Cr.
  • Current Price ₹ 253
  • High / Low ₹ 284 / 143
  • Stock P/E 7.14
  • Book Value ₹ 197
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 15.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 26.3% CAGR over last 5 years
  • Company's median sales growth is 39.2% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.18% 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
Revenue 293 373 320 299 316 331 662 325 378 397 422 492 547
Interest 154 157 160 149 148 149 150 135 145 146 170 200 230
246 152 253 131 110 94 439 116 156 118 133 148 168
Financing Profit -107 63 -92 19 58 87 72 74 77 133 119 143 150
Financing Margin % -36% 17% -29% 6% 18% 26% 11% 23% 20% 34% 28% 29% 27%
0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 4 3 3 3 3 3 3 3 7 4 5 5
Profit before tax -109 59 -95 16 55 84 70 71 74 126 115 138 145
Tax % 25% 28% 25% 25% 26% 29% 14% 24% 25% 25% 25% 25% 25%
-82 43 -71 12 40 60 60 55 55 94 86 103 108
EPS in Rs -11.38 5.94 -9.90 1.63 5.60 7.94 8.02 6.90 6.62 11.34 9.71 10.36 9.81
Gross NPA % 9.60% 8.40% 9.70% 8.71% 8.61% 8.01% 4.38% 3.96% 3.92% 3.28% 2.49% 2.38%
Net NPA % 3.30% 1.20% 2.03% 2.30% 2.25% 1.85% 1.49% 1.50% 1.14% 0.92%
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 56 94 191 324 558 777 977 1,373 1,400 1,273 1,262 1,761 1,858
Interest 27 54 106 177 290 435 533 643 577 618 606 576 746
27 34 61 98 178 298 303 413 596 652 582 828 567
Financing Profit 3 6 23 48 90 43 141 317 227 3 73 357 545
Financing Margin % 5% 6% 12% 15% 16% 6% 14% 23% 16% 0% 6% 20% 29%
0 0 1 0 1 -0 0 0 1 0 0 0 1
Depreciation 1 1 1 2 3 6 14 11 15 13 14 16 22
Profit before tax 2 5 23 46 88 37 127 306 213 -10 59 341 524
Tax % 33% 27% 34% 32% 34% 34% 35% 36% 27% -39% 32% 22%
1 4 16 32 58 24 82 195 156 -14 40 264 392
EPS in Rs 4.85 8.86 13.11 4.71 12.45 28.79 21.70 -1.88 5.36 31.76 41.22
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 34%
5 Years: 13%
3 Years: 8%
TTM: 10%
Compounded Profit Growth
10 Years: 52%
5 Years: 26%
3 Years: 19%
TTM: 71%
Stock Price CAGR
10 Years: %
5 Years: -4%
3 Years: 42%
1 Year: 73%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 6%
Last Year: 15%

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 18 23 23 25 32 37 47 49 52 66 75 85 99
Reserves 62 101 116 168 293 600 830 1,088 1,401 1,425 1,482 1,800 2,079
Preference Capital 0 0 6 6 0 25 0 0 0 0 0 0
216 590 909 1,630 2,748 3,855 5,151 5,235 5,409 6,026 5,463 5,447 6,764
21 32 69 187 231 256 235 324 292 358 356 313 198
Total Liabilities 317 745 1,116 2,011 3,303 4,749 6,263 6,696 7,154 7,875 7,375 7,645 9,140
4 4 5 6 14 38 39 45 56 94 88 91 91
CWIP 4 4 7 8 7 12 16 16 34 4 0 0 0
Investments 1 1 0 0 0 70 149 422 513 283 336 742 848
308 736 1,104 1,996 3,282 4,629 6,059 6,212 6,551 7,494 6,951 6,812 8,201
Total Assets 317 745 1,116 2,011 3,303 4,749 6,263 6,696 7,154 7,875 7,375 7,645 9,140

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
32 -105 -44 -443 -615 -953 -1,528 718 -17 -883 465 -736
-0 -1 -4 -4 -10 -84 -80 -264 -109 211 -55 -111
-24 269 65 521 701 1,420 1,390 63 151 713 -567 206
Net Cash Flow 7 163 17 74 76 383 -218 516 25 41 -156 -641

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 % 2% 4% 12% 19% 22% 5% 11% 19% 12% -1% 3% 15%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
38.24% 38.24% 38.26% 36.69% 36.69% 39.97% 38.00% 39.45% 41.70% 39.98% 36.06% 36.17%
9.38% 9.32% 8.81% 10.53% 9.55% 8.66% 7.67% 7.48% 6.72% 6.93% 9.58% 6.67%
8.23% 8.24% 8.24% 7.76% 7.59% 7.11% 6.65% 6.36% 5.19% 3.95% 8.27% 6.92%
43.47% 43.53% 44.03% 44.38% 45.54% 43.63% 47.10% 46.14% 45.83% 48.65% 45.66% 49.81%
0.67% 0.67% 0.67% 0.64% 0.64% 0.61% 0.58% 0.57% 0.55% 0.48% 0.44% 0.44%
No. of Shareholders 22,64322,60119,60817,61816,27215,54616,14616,24420,16623,52728,79544,333

* 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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