SBFC Finance Ltd

SBFC Finance Ltd

₹ 87.8 -0.51%
19 Apr - close price
About

Incorporated in 2008, SBFC Finance Limited is a systemically important, NBFC (NBFC-ND-SI) offering Secured MSME Loans and Loans against Gold[1]

Key Points

Leading MSME Company[1] Among MSME companies, SBFC has one of the highest assets under management (“AUM”) growth, and has grown at a CAGR of 44% from FY19 to FY23, with disbursements growing at a CAGR of 40% in this period

  • Market Cap 9,428 Cr.
  • Current Price 87.8
  • High / Low 98.0 / 72.2
  • Stock P/E 45.7
  • Book Value 24.3
  • Dividend Yield 0.00 %
  • ROCE 9.91 %
  • ROE 9.98 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.61 times its book value
  • 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 7.77% 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
160 176 189 208 230 246 264
54 64 63 69 75 83 90
Operating Profit 106 112 127 139 154 163 174
OPM % 66% 64% 67% 67% 67% 66% 66%
0 1 5 1 0 0 0
Interest 60 62 76 79 89 89 85
Depreciation 3 3 3 3 3 3 3
Profit before tax 43 48 53 58 63 71 86
Tax % 25% 25% 25% 26% 25% 26% 25%
32 36 39 43 47 53 64
EPS in Rs 0.36 0.40 0.44 0.48 0.51 0.49 0.60
Raw PDF
Upcoming result date: 27 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
177 445 510 529 734 947
89 134 149 210 247 318
Operating Profit 87 311 362 319 487 629
OPM % 50% 70% 71% 60% 66% 66%
0 0 1 1 5 2
Interest 50 244 239 222 278 341
Depreciation 2 8 10 12 13 13
Profit before tax 35 59 114 87 201 277
Tax % 30% 39% 25% 26% 26%
24 36 85 65 150 206
EPS in Rs 0.36 0.46 1.03 0.77 1.67 2.08
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 39%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 62%
TTM: 132%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 676 742 797 807 890 1,059
Reserves 204 270 408 480 838 1,540
842 3,056 2,768 2,940 3,739 3,657
71 140 258 288 280 324
Total Liabilities 1,793 4,208 4,231 4,515 5,747 6,580
270 294 301 299 296 296
CWIP 0 0 0 0 1 0
Investments 167 1,879 1,484 848 607 476
1,356 2,035 2,446 3,368 4,843 5,808
Total Assets 1,793 4,208 4,231 4,515 5,747 6,580

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-368 -383 -275 -822 -1,245
146 -1,863 375 652 206
395 2,291 -187 183 1,071
Net Cash Flow 173 45 -87 13 32

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 3 3 6 5
Inventory Days
Days Payable
Cash Conversion Cycle 0 3 3 6 5
Working Capital Days -130 -36 -143 -151 -120
ROCE % 10% 9% 8% 10%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2023Dec 2023Mar 2024
64.05% 63.74% 60.66%
2.74% 2.23% 2.86%
12.42% 11.94% 13.52%
20.36% 21.88% 22.78%
0.45% 0.22% 0.00%
No. of Shareholders 1,19,1091,29,4701,35,768

* 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.

Click on the line-items to see the names of individual entities.

Documents