Satin Creditcare Network Ltd

Satin Creditcare Network Ltd

₹ 242 3.84%
14 Jun 4:01 p.m.
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.

  • Market Cap 2,672 Cr.
  • Current Price 242
  • High / Low 284 / 164
  • Stock P/E 6.13
  • Book Value 217
  • Dividend Yield 0.00 %
  • ROCE 16.6 %
  • ROE 21.8 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.12 times its book value
  • Company is expected to give good quarter

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 9.09% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 404 346 325 346 363 345 360 416 429 462 538 596 642
Interest 163 165 154 155 157 159 145 155 158 185 217 247 252
186 285 154 144 122 463 138 178 132 156 173 192 217
Financing Profit 55 -104 17 47 85 -277 77 83 139 121 148 156 173
Financing Margin % 14% -30% 5% 14% 23% -80% 21% 20% 32% 26% 28% 26% 27%
2 1 0 2 1 1 1 0 0 1 1 1 5
Depreciation 4 4 4 4 4 3 4 4 8 4 6 6 6
Profit before tax 53 -107 14 46 82 -280 75 79 132 118 143 151 171
Tax % 29% 24% 20% 26% 30% 25% 23% 26% 25% 25% 25% 25% 25%
38 -81 11 34 57 -210 57 59 99 88 107 113 128
EPS in Rs 5.25 -11.20 1.52 4.66 7.58 -27.95 7.23 7.05 11.85 9.93 10.72 10.24 11.61
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
Revenue 801 1,031 1,443 1,500 1,377 1,378 1,557 2,233
Interest 436 536 646 589 638 631 617 901
322 365 471 685 737 700 919 734
Financing Profit 44 130 326 225 2 47 22 598
Financing Margin % 5% 13% 23% 15% 0% 3% 1% 27%
0 0 3 4 3 3 2 8
Depreciation 6 15 13 18 15 16 18 23
Profit before tax 38 116 316 212 -10 34 5 583
Tax % 34% 35% 36% 27% -43% 39% 8% 25%
25 75 201 155 -14 21 5 436
EPS in Rs 4.78 11.43 29.72 21.52 -1.94 2.76 0.58 39.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 17%
TTM: 43%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 221%
TTM: 9116%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: 36%
1 Year: 46%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 9%
Last Year: 22%

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
Equity Capital 37 47 49 52 66 75 85 110
Reserves 600 822 1,086 1,397 1,420 1,457 1,514 2,291
Preference Capital 25 0 0 0 0 0 0
3,864 5,161 5,271 5,542 6,181 5,744 5,911 7,915
276 268 336 309 377 380 339 174
Total Liabilities 4,778 6,299 6,741 7,300 8,045 7,655 7,850 10,490
73 75 81 94 131 126 129 133
CWIP 12 16 16 34 4 0 0 0
Investments 21 72 264 246 1 49 62 56
4,672 6,136 6,380 6,926 7,909 7,481 7,659 10,301
Total Assets 4,778 6,299 6,741 7,300 8,045 7,655 7,850 10,490

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
-966 -1,541 611 -225 -945 336 -956 -2,069
-36 -55 -187 56 226 -51 -73 -28
1,398 1,394 88 243 734 -442 390 2,263
Net Cash Flow 395 -203 512 73 15 -157 -639 166

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

4 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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Documents

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