Satin Creditcare Network Ltd
Satin Creditcare Network Limited is a non-banking finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1990 by Mr. H P Singh. The company's offers financial requirements for excluded households at the bottom of the pyramid. Satin Creditcare Network Limited is a micro-finance institution (MFI) in the country with presence in 23 states and more than 82,000 villages. [1]
The business is primarily based on the Joint Liability Group model, which allows the company to provide collateral-free, microcredit facilities to economically active women in both rural and semi-urban areas, who otherwise have limited access to mainstream financial service providers. It also offer loans to individual businesses and Micro, Small & Medium Enterprises (MSMEs); product financing for the purchase of solar lamps, as well as loans for the development of water connections and sanitation facilities. [2]
Presently, the company have a total of 31 Lacs+ active clients to whom it have disbursed loans to and its gross loan portfolio (GLP) stands at 7,650 crores. [3]
- Market Cap ₹ 2,445 Cr.
- Current Price ₹ 245
- High / Low ₹ 274 / 114
- Stock P/E 6.95
- Book Value ₹ 191
- Dividend Yield 0.00 %
- ROCE 8.41 %
- ROE 0.30 %
- Face Value ₹ 10.0
Pros
- 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.
- Promoter holding has decreased over last quarter: -1.72%
- The company has delivered a poor sales growth of 8.60% over past five years.
- Company has a low return on equity of 0.25% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
Revenue | 801 | 1,031 | 1,443 | 1,500 | 1,377 | 1,378 | 1,557 | 1,853 |
Interest | 436 | 536 | 646 | 589 | 638 | 631 | 617 | 715 |
322 | 365 | 471 | 685 | 737 | 700 | 919 | 647 | |
Financing Profit | 44 | 130 | 326 | 225 | 2 | 47 | 22 | 491 |
Financing Margin % | 5% | 13% | 23% | 15% | 0% | 3% | 1% | 26% |
0 | 0 | 3 | 4 | 3 | 3 | 2 | 2 | |
Depreciation | 6 | 15 | 13 | 18 | 15 | 16 | 18 | 22 |
Profit before tax | 38 | 116 | 316 | 212 | -10 | 34 | 5 | 471 |
Tax % | 34% | 35% | 36% | 27% | -43% | 39% | 8% | |
25 | 75 | 201 | 155 | -14 | 21 | 5 | 352 | |
EPS in Rs | 4.78 | 11.43 | 29.72 | 21.52 | -1.94 | 2.76 | 0.58 | 39.55 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 1% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -42% |
3 Years: | -69% |
TTM: | 667% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 51% |
1 Year: | 68% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 0% |
Last Year: | 0% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 37 | 47 | 49 | 52 | 66 | 75 | 85 | 99 |
Reserves | 600 | 822 | 1,086 | 1,397 | 1,420 | 1,457 | 1,514 | 1,801 |
Preference Capital | 25 | 0 | 0 | 0 | 0 | 0 | 0 | |
3,864 | 5,161 | 5,271 | 5,542 | 6,181 | 5,744 | 5,911 | 7,283 | |
276 | 268 | 336 | 309 | 377 | 380 | 339 | 167 | |
Total Liabilities | 4,778 | 6,299 | 6,741 | 7,300 | 8,045 | 7,655 | 7,850 | 9,350 |
73 | 75 | 81 | 94 | 131 | 126 | 129 | 131 | |
CWIP | 12 | 16 | 16 | 34 | 4 | 0 | 0 | 0 |
Investments | 21 | 72 | 264 | 246 | 1 | 49 | 62 | 104 |
4,672 | 6,136 | 6,380 | 6,926 | 7,909 | 7,481 | 7,659 | 9,116 | |
Total Assets | 4,778 | 6,299 | 6,741 | 7,300 | 8,045 | 7,655 | 7,850 | 9,350 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
-966 | -1,541 | 611 | -225 | -945 | 336 | -956 | |
-36 | -55 | -187 | 56 | 226 | -51 | -73 | |
1,398 | 1,394 | 88 | 243 | 734 | -442 | 390 | |
Net Cash Flow | 395 | -203 | 512 | 73 | 15 | -157 | -639 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
ROE % | 10% | 20% | 12% | -1% | 1% | 0% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
16h - Working Committee of the Company in its meeting held today i.e. December 1, 2023 has allotted 45,650 NCDs of face value of INR 10,000/- each …
- Board Meeting Outcome for Fund Raising By Way Of Issuance Of Ncds. 1d
- Board Meeting Intimation for Raising Of Funds Through Private Placement Of Non-Convertible Debentures 27 Nov
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
27 Nov - Of Amendment in MOA and AOA of the Company.
- Scrutinizer Report And Voting Results 27 Nov
Annual reports
Concalls
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Leading Microfinance Institution
SCNL has an established track record of operations of more than three decades in the finance industry and is one of the largest players in the microfinance industry with a consolidated AUM of Rs. 7,569 crores as on June 30, 2022. [1]