Satin Creditcare Network Ltd

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

Satin Creditcare Network Ltd

₹ 167 -1.15%
02 Jul 12:52 p.m.
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 ₹ 1,845 Cr.
  • Current Price ₹ 167
  • High / Low ₹ 232 / 131
  • Stock P/E 9.95
  • Book Value ₹ 230
  • Dividend Yield 0.00 %
  • ROCE 11.9 %
  • ROE 7.53 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.74 times its book value

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 10.3% 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

Financial Services Financial Services Finance Microfinance Institutions

Part of BSE SmallCap BSE Allcap BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
363 345 360 416 429 462 538 596 642 633 657 684 621
Interest 157 159 145 155 158 185 217 247 252 251 266 268 264
122 463 138 178 132 156 173 192 217 237 323 398 333
Financing Profit 85 -277 77 83 139 121 148 156 173 145 68 19 24
Financing Margin % 23% -80% 21% 20% 32% 26% 28% 26% 27% 23% 10% 3% 4%
1 1 1 0 0 1 1 1 5 2 1 4 1
Depreciation 4 3 4 4 8 4 6 6 6 6 7 7 8
Profit before tax 82 -280 75 79 132 118 143 151 171 141 62 15 18
Tax % 30% -25% 23% 26% 25% 25% 25% 25% 25% 25% 27% 5% -20%
57 -210 57 59 99 88 107 113 128 105 45 14 22
EPS in Rs 7.58 -27.95 7.23 7.05 11.85 9.93 10.72 10.24 11.61 9.53 4.05 1.29 1.98
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
801 1,031 1,443 1,500 1,377 1,378 1,549 2,234 2,595
Interest 436 536 646 589 638 631 617 901 1,049
322 365 471 685 737 700 911 733 1,290
Financing Profit 44 130 326 225 2 47 22 599 256
Financing Margin % 5% 13% 23% 15% 0% 3% 1% 27% 10%
0 0 3 4 3 3 2 6 7
Depreciation 6 15 13 18 15 16 18 23 27
Profit before tax 38 116 316 212 -10 34 5 583 236
Tax % 34% 35% 36% 27% 43% 39% 8% 25% 21%
25 75 201 155 -14 21 5 436 186
EPS in Rs 4.78 11.43 29.72 21.52 -1.94 2.76 0.58 39.46 16.85
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 23%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: 108%
TTM: -57%
Stock Price CAGR
10 Years: %
5 Years: 16%
3 Years: 24%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 10%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 37 47 49 52 66 75 85 110 110
Reserves 600 838 1,101 1,397 1,420 1,507 1,543 2,291 2,433
Borrowing 3,889 5,161 5,271 5,542 6,181 5,744 5,911 7,915 8,791
251 253 321 309 377 330 310 174 253
Total Liabilities 4,778 6,299 6,741 7,300 8,045 7,655 7,850 10,490 11,587
73 75 81 94 131 126 129 133 137
CWIP 12 16 16 34 4 0 0 0 0
Investments 21 72 264 246 1 49 62 56 55
4,672 6,136 6,380 6,926 7,909 7,481 7,659 10,301 11,395
Total Assets 4,778 6,299 6,741 7,300 8,045 7,655 7,850 10,490 11,587

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-966 -1,541 611 -225 -945 336 -956 -2,069 -563
-36 -55 -187 56 226 -51 -73 -28 -45
1,398 1,394 88 243 734 -442 390 2,263 914
Net Cash Flow 395 -203 512 73 15 -157 -639 166 305

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % 10% 20% 12% -1% 1% 0% 22% 8%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
36.69% 39.97% 38.00% 39.45% 41.70% 39.98% 36.06% 36.17% 36.17% 36.17% 36.17% 36.17%
9.55% 8.66% 7.67% 7.48% 6.72% 6.93% 9.58% 6.67% 7.14% 6.09% 4.83% 4.52%
7.59% 7.11% 6.65% 6.36% 5.19% 3.95% 8.27% 6.92% 7.04% 6.59% 6.11% 6.35%
45.54% 43.63% 47.10% 46.14% 45.83% 48.65% 45.66% 49.81% 49.21% 50.70% 52.45% 52.53%
0.64% 0.61% 0.58% 0.57% 0.55% 0.48% 0.44% 0.44% 0.44% 0.44% 0.44% 0.44%
No. of Shareholders 16,27215,54616,14616,24420,16623,52728,79544,33341,95150,61052,49050,129

* 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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