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: 492.62 Cr.
  • Current Price: 68.40
  • 52 weeks High / Low 300.36 / 42.29
  • Book Value: 201.72
  • Stock P/E: 3.15
  • Dividend Yield: 0.00 %
  • ROCE: 11.96 %
  • ROE: 12.07 %
  • Sales Growth (3Yrs): 21.69 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
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Pros:
Stock is trading at 0.34 times its book value
Company has delivered good profit growth of 37.56% CAGR over last 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: 30.39%

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

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
Revenue 243 235 246 278 309 352 381 330 333 345 347 375
Interest 129 127 132 144 153 168 167 151 151 147 142 135
237 -10 34 67 116 112 98 91 114 118 147 219
Financing Profit -123 118 79 66 40 72 117 88 68 80 58 21
Financing Margin % -51% 50% 32% 24% 13% 20% 31% 27% 21% 23% 17% 6%
Other Income 0 0 0 0 0 0 0 0 0 0 0 1
Depreciation 4 3 3 4 2 3 3 3 3 4 3 5
Profit before tax -126 115 76 62 38 69 114 85 65 76 55 17
Tax % 35% 35% 36% 34% 34% 36% 39% 35% 36% 28% 13% 26%
Net Profit -82 74 49 41 25 44 70 55 41 55 48 12
EPS in Rs -15.51 13.85 8.05 6.29 3.80 6.62 10.43 8.26 6.15 7.65 6.67 1.74
Gross NPA % 4.44% 4.09% 3.21% 2.90%
Net NPA % 2.62%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Revenue 17 36 59 56 94 191 324 558 777 977 1,373 1,400
Interest 8 16 28 27 54 106 177 290 435 533 643 578
8 15 26 27 34 61 98 178 298 303 413 594
Financing Profit 1 5 4 3 6 23 48 90 43 141 317 227
Financing Margin % 8% 14% 7% 5% 6% 12% 15% 16% 6% 14% 23% 16%
Other Income 0 -0 -0 0 0 1 0 1 -0 0 0 1
Depreciation 0 0 1 1 1 1 2 3 6 14 11 15
Profit before tax 1 4 3 2 5 23 46 88 37 127 306 213
Tax % 34% 35% 36% 33% 27% 34% 32% 34% 34% 35% 36% 27%
Net Profit 1 3 2 1 4 16 32 58 24 82 195 156
EPS in Rs 4.93 8.77 13.16 4.77 12.55 29.02 21.84
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:44.19%
5 Years:34.00%
3 Years:21.69%
TTM:1.95%
Compounded Profit Growth
10 Years:48.78%
5 Years:37.56%
3 Years:85.27%
TTM:-19.84%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-36.95%
1 Year:-73.14%
Return on Equity
10 Years:13.08%
5 Years:13.49%
3 Years:14.13%
Last Year:12.07%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
9 11 18 18 23 29 31 32 62 47 49 52
Reserves 7 13 61 62 101 116 168 293 600 827 1,088 1,401
Borrowings 80 184 207 216 590 909 1,630 2,748 3,855 5,151 5,235 5,409
2 12 9 21 32 69 187 231 256 238 324 292
Total Liabilities 98 220 295 317 745 1,116 2,011 3,303 4,749 6,263 6,696 7,154
4 4 5 4 4 5 6 14 38 39 45 56
CWIP 1 2 3 4 4 7 8 7 12 16 16 34
Investments 1 1 1 1 1 0 0 0 70 149 422 513
92 214 286 308 736 1,104 1,996 3,282 4,629 6,059 6,212 6,551
Total Assets 98 220 295 317 745 1,116 2,011 3,303 4,749 6,263 6,696 7,154

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-27 -52 -52 32 -105 -44 -443 -615 -953 -1,528 718 -17
-1 -1 -3 -0 -1 -4 -4 -10 -84 -80 -264 -109
28 113 72 -24 269 65 521 701 1,420 1,390 63 151
Net Cash Flow 0 59 17 7 163 17 74 76 383 -218 516 25

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 5% 15% 4% 2% 4% 12% 18% 22% 5% 11% 19% 12%

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
32.87 27.42 27.42 26.73 26.73 26.73 27.94 29.70 29.70 30.19 30.19 30.19
12.68 14.39 16.48 17.65 17.69 18.05 17.98 16.28 16.42 10.78 10.60 10.55
10.06 16.53 18.56 16.07 17.39 20.60 21.69 23.93 23.27 25.32 23.37 18.33
43.26 40.72 36.64 38.67 37.32 33.79 31.58 29.34 29.90 33.02 35.18 40.26
1.13 0.94 0.90 0.88 0.87 0.83 0.81 0.75 0.71 0.70 0.67 0.67