Transwarranty Finance Ltd

Transwarranty Finance Ltd

₹ 26.3 5.00%
04 Dec 4:00 p.m.
About

Incorporated in 1994, Transwarranty Finance Ltd is an NBFC engaged in lending and advisory services

Key Points

Business Overview:[1]
TFL has strong business association with large corporates and over 500 SME / MSMEs for 25+ yrs. It deals in trade finance, debt & equity & structured deals. Company has lending focused on niche social impact and Fintech segments with advisory business services for trade finance to investment banking. It operates though ~ 150 offices and ~ 20,000 registered clients. It also deals in third party products like Mutual funds, Bonds & Debentures and Fixed Deposits. TFL is IRDA approved corporate agency for life, general and medical insurance.

  • Market Cap 142 Cr.
  • Current Price 26.3
  • High / Low 40.6 / 9.05
  • Stock P/E 57.9
  • Book Value 6.84
  • Dividend Yield 0.00 %
  • ROCE 7.52 %
  • ROE 1.95 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.84 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.53%
  • The company has delivered a poor sales growth of -4.06% over past five years.
  • Company has a low return on equity of -15.9% over last 3 years.
  • Earnings include an other income of Rs.3.60 Cr.
  • Company has high debtors of 231 days.
  • Working capital days have increased from 146 days to 514 days

* 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 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
2.31 2.62 7.30 2.62 2.74 3.55 1.92 2.69 3.25 3.03 5.12 4.02 3.86
2.49 2.38 6.17 2.75 2.81 2.92 6.75 2.76 3.38 2.95 2.30 3.43 3.70
Operating Profit -0.18 0.24 1.13 -0.13 -0.07 0.63 -4.83 -0.07 -0.13 0.08 2.82 0.59 0.16
OPM % -7.79% 9.16% 15.48% -4.96% -2.55% 17.75% -251.56% -2.60% -4.00% 2.64% 55.08% 14.68% 4.15%
0.58 0.46 0.22 0.64 0.39 -0.05 0.22 0.27 0.95 0.87 1.21 0.22 1.30
Interest 1.09 1.15 1.32 1.54 1.31 1.48 1.28 1.15 1.21 1.19 1.18 1.11 0.83
Depreciation 0.14 0.14 0.14 0.12 0.12 0.12 0.12 0.11 0.12 0.12 0.13 0.09 0.16
Profit before tax -0.83 -0.59 -0.11 -1.15 -1.11 -1.02 -6.01 -1.06 -0.51 -0.36 2.72 -0.39 0.47
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.17% 0.00% 0.00% 0.00% -0.37% 0.00% 0.00%
-0.84 -0.59 -0.11 -1.16 -1.11 -1.02 -6.00 -1.07 -0.50 -0.36 2.73 -0.39 0.47
EPS in Rs -0.17 -0.12 -0.02 -0.24 -0.23 -0.21 -1.23 -0.22 -0.10 -0.07 0.56 -0.08 0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
23.73 14.25 13.23 15.82 19.30 17.23 17.89 7.56 15.32 15.72 11.71 14.54 16.03
25.50 15.13 13.48 15.60 17.40 14.93 15.45 13.44 15.08 13.41 15.24 11.38 12.38
Operating Profit -1.77 -0.88 -0.25 0.22 1.90 2.30 2.44 -5.88 0.24 2.31 -3.53 3.16 3.65
OPM % -7.46% -6.18% -1.89% 1.39% 9.84% 13.35% 13.64% -77.78% 1.57% 14.69% -30.15% 21.73% 22.77%
1.03 0.61 0.98 0.45 0.53 0.37 0.80 0.56 0.86 0.84 0.32 2.84 3.60
Interest 0.88 0.52 0.37 0.72 0.73 0.94 2.30 2.74 3.37 4.72 5.60 4.73 4.31
Depreciation 0.64 0.51 0.52 0.41 0.34 0.86 0.45 0.66 0.59 0.57 0.49 0.47 0.50
Profit before tax -2.26 -1.30 -0.16 -0.46 1.36 0.87 0.49 -8.72 -2.86 -2.14 -9.30 0.80 2.44
Tax % 20.35% 0.00% 37.50% 0.00% 10.29% 5.75% 8.16% -1.49% -1.75% 0.00% -0.11% -1.25%
-2.72 -1.30 -0.22 -0.46 1.22 0.82 0.45 -8.59 -2.80 -2.15 -9.29 0.80 2.45
EPS in Rs -0.56 -0.27 -0.04 -0.09 0.25 0.17 0.06 -1.35 -0.64 -0.47 -1.84 0.12 0.50
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: -4%
3 Years: -2%
TTM: 40%
Compounded Profit Growth
10 Years: 9%
5 Years: 14%
3 Years: 30%
TTM: 129%
Stock Price CAGR
10 Years: 16%
5 Years: 51%
3 Years: 67%
1 Year: 94%
Return on Equity
10 Years: -5%
5 Years: -19%
3 Years: -16%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 24.46 24.46 24.46 24.46 24.46 24.46 24.46 24.46 24.46 24.46 48.46 48.89 53.69
Reserves 31.53 30.97 30.65 30.48 31.47 6.88 1.81 -4.82 -7.99 -10.25 -19.25 -18.70 -16.96
5.42 4.96 3.79 3.12 8.35 16.10 19.36 23.02 43.25 42.94 40.42 38.52 39.12
16.84 14.74 15.73 15.83 20.56 20.02 22.15 19.21 34.74 45.60 36.57 30.27 27.59
Total Liabilities 78.25 75.13 74.63 73.89 84.84 67.46 67.78 61.87 94.46 102.75 106.20 98.98 103.44
8.65 8.00 7.29 7.04 6.77 16.61 16.29 16.85 16.31 15.80 15.26 15.18 15.10
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.08 29.09 23.24 24.15 20.01 0.89 0.68 0.70 0.13 0.14 0.15 0.06 4.50
67.52 38.04 44.10 42.70 58.06 49.96 50.81 44.32 78.02 86.81 90.79 83.74 83.84
Total Assets 78.25 75.13 74.63 73.89 84.84 67.46 67.78 61.87 94.46 102.75 106.20 98.98 103.44

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-12.15 -0.23 1.65 -0.26 0.61 0.43 -0.92 0.82 -9.60 15.86 -12.20 -14.75
15.91 -0.26 -0.35 -0.79 1.13 -0.48 -0.29 0.24 -5.17 -7.71 1.74 6.93
-7.14 -1.49 -0.84 0.15 -0.87 1.63 1.96 0.39 17.13 -4.86 16.47 -6.24
Net Cash Flow -3.38 -1.98 0.46 -0.89 0.87 1.58 0.74 1.44 2.36 3.29 6.01 -14.06

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 66.45 114.75 129.12 106.13 128.41 155.91 263.40 308.99 243.97 271.89 441.99 231.45
Inventory Days 0.00 0.00 0.00 0.00 3.01 17.20 4.47 0.00 0.00
Days Payable 599.97 988.94 817.42
Cash Conversion Cycle 66.45 114.75 129.12 106.13 -468.54 -815.83 -549.56 308.99 243.97 271.89 441.99 231.45
Working Capital Days 242.41 86.06 269.82 245.72 391.85 314.37 336.64 493.43 99.35 -174.37 99.12 514.36
ROCE % -1.74% -1.29% -0.02% 0.33% 3.13% 3.30% 5.30% -12.14% 0.92% 4.10% -5.49% 7.52%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.62% 53.62% 53.62% 53.61% 61.81% 61.81% 61.81% 61.81% 61.79% 61.84% 61.84% 56.31%
46.38% 46.38% 46.38% 46.38% 38.19% 38.21% 38.19% 38.21% 38.21% 38.15% 38.15% 43.68%
No. of Shareholders 5,0525,4985,6335,6525,7405,8655,8646,3257,3457,5158,4968,391

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