Satin Creditcare Network Ltd

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

Satin Creditcare Network Ltd

₹ 245 2.27%
01 Dec - close price
satincreditcare.com BSE: 539404 NSE : SATIN
About

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]

Key Points

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Revenue 341 320 404 346 325 346 363 345 360 416 437 462 538
Interest 156 159 163 165 154 155 157 159 145 155 158 185 217
156 265 186 285 154 144 122 463 138 178 140 156 173
Financing Profit 29 -104 55 -104 17 47 85 -277 77 83 139 121 148
Financing Margin % 9% -32% 14% -30% 5% 14% 23% -80% 21% 20% 32% 26% 28%
1 1 2 1 0 2 1 1 1 0 0 1 1
Depreciation 4 3 4 4 4 4 4 3 4 4 8 4 6
Profit before tax 26 -106 53 -107 14 46 82 -280 75 79 132 118 143
Tax % 41% 25% 29% 24% 20% 26% 30% 25% 23% 26% 25% 25% 25%
16 -80 38 -81 11 34 57 -210 57 59 99 88 107
EPS in Rs 2.16 -11.12 5.25 -11.20 1.52 4.66 7.58 -27.95 7.23 7.05 11.85 9.93 10.72
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 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%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
38.21% 38.21% 38.24% 38.24% 38.26% 36.69% 36.69% 39.97% 38.00% 39.45% 41.70% 39.98%
9.66% 7.29% 9.38% 9.32% 8.81% 10.53% 9.55% 8.66% 7.67% 7.48% 6.72% 6.93%
10.23% 10.43% 8.23% 8.24% 8.24% 7.76% 7.59% 7.11% 6.65% 6.36% 5.19% 3.95%
41.23% 43.40% 43.47% 43.53% 44.03% 44.38% 45.54% 43.63% 47.10% 46.14% 45.83% 48.65%
0.67% 0.67% 0.67% 0.67% 0.67% 0.64% 0.64% 0.61% 0.58% 0.57% 0.55% 0.48%
No. of Shareholders 18,42419,80822,64322,60119,60817,61816,27215,54616,14616,24420,16623,527

* 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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