Satin Creditcare Network Ltd

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

Satin Creditcare Network Ltd

₹ 164 -1.79%
12 Dec 3:05 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 ₹ 1,814 Cr.
  • Current Price ₹ 164
  • High / Low ₹ 284 / 146
  • Stock P/E 4.63
  • Book Value ₹ 230
  • Dividend Yield 0.00 %
  • ROCE 16.6 %
  • ROE 21.6 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.72 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 8.96% 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

Part of BSE SmallCap BSE Allcap BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 325 346 363 345 360 416 429 462 538 596 642 633 657
Interest 154 155 157 159 145 155 158 185 217 247 252 251 266
154 144 122 463 138 178 132 156 173 192 217 237 323
Financing Profit 17 47 85 -277 77 83 139 121 148 156 173 145 68
Financing Margin % 5% 14% 23% -80% 21% 20% 32% 26% 28% 26% 27% 23% 10%
0 2 1 1 1 0 0 1 1 1 5 2 1
Depreciation 4 4 4 3 4 4 8 4 6 6 6 6 7
Profit before tax 14 46 82 -280 75 79 132 118 143 151 171 141 62
Tax % 20% 26% 30% -25% 23% 26% 25% 25% 25% 25% 25% 25% 27%
11 34 57 -210 57 59 99 88 107 113 128 105 45
EPS in Rs 1.52 4.66 7.58 -27.95 7.23 7.05 11.85 9.93 10.72 10.24 11.61 9.53 4.05
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 TTM
Revenue 801 1,031 1,443 1,500 1,377 1,378 1,549 2,234 2,527
Interest 436 536 646 589 638 631 617 901 1,016
322 365 471 685 737 700 911 733 970
Financing Profit 44 130 326 225 2 47 22 599 542
Financing Margin % 5% 13% 23% 15% 0% 3% 1% 27% 21%
0 0 3 4 3 3 2 6 8
Depreciation 6 15 13 18 15 16 18 23 25
Profit before tax 38 116 316 212 -10 34 5 583 525
Tax % 34% 35% 36% 27% 43% 39% 8% 25%
25 75 201 155 -14 21 5 436 391
EPS in Rs 4.78 11.43 29.72 21.52 -1.94 2.76 0.58 39.46 35.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 18%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 221%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: 18%
1 Year: -32%
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 Sep 2024
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 2,431
3,889 5,161 5,271 5,542 6,181 5,744 5,911 7,915 8,388
251 253 321 309 377 330 310 174 247
Total Liabilities 4,778 6,299 6,741 7,300 8,045 7,655 7,850 10,490 11,176
73 75 81 94 131 126 129 133 138
CWIP 12 16 16 34 4 0 0 0 0
Investments 21 72 264 246 1 49 62 56 50
4,672 6,136 6,380 6,926 7,909 7,481 7,659 10,301 10,988
Total Assets 4,778 6,299 6,741 7,300 8,045 7,655 7,850 10,490 11,176

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

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
38.26% 36.69% 36.69% 39.97% 38.00% 39.45% 41.70% 39.98% 36.06% 36.17% 36.17% 36.17%
8.81% 10.53% 9.55% 8.66% 7.67% 7.48% 6.72% 6.93% 9.58% 6.67% 7.14% 6.09%
8.24% 7.76% 7.59% 7.11% 6.65% 6.36% 5.19% 3.95% 8.27% 6.92% 7.04% 6.59%
44.03% 44.38% 45.54% 43.63% 47.10% 46.14% 45.83% 48.65% 45.66% 49.81% 49.21% 50.70%
0.67% 0.64% 0.64% 0.61% 0.58% 0.57% 0.55% 0.48% 0.44% 0.44% 0.44% 0.44%
No. of Shareholders 19,60817,61816,27215,54616,14616,24420,16623,52728,79544,33341,95150,610

* 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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