TruCap Finance Ltd

TruCap Finance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TruCap Finance Ltd

₹ 16.3 -1.81%
12 Dec 3:59 p.m.
dhanvarshafinvest.com BSE: 540268 NSE: TRU
About

Incorporated in 1994, TruCap Finance Ltd is
in the business of Fund based activities and Advisory services[1]

Key Points

Business Overview:[1][2]
TCFL (formerly known as Dhanvarsha Finvest Limited) is promoted by Mumbai-headquartered Wilson Group. It is a Non Systematically Important Non Deposit Taking Non Banking Financial Company.
It is a specialized MSME lender which provides access to affordable credit solutions to entrepreneurs. It provides financing options to the relatively under-banked micro, small & medium enterprises (MSME) and low-to-mid income (LMI) groups, offering a range of secured and unsecured financing products. Currently, company has ~96,700+ Customers, ~10.3 Billion Loan
Book, 45+ Lenders, ~128 Branch Network

Website BSE NSE - BE
  • Market Cap ₹ 189 Cr.
  • Current Price ₹ 16.3
  • High / Low ₹ 87.1 / 15.5
  • Stock P/E 16.4
  • Book Value ₹ 19.8
  • Dividend Yield 0.06 %
  • ROCE 11.6 %
  • ROE 5.30 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.82 times its book value
  • Company has delivered good profit growth of 40.6% CAGR over last 5 years
  • Company's median sales growth is 30.0% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.28%
  • Promoter holding is low: 36.9%
  • Tax rate seems low
  • Company has a low return on equity of 4.43% over last 3 years.
  • Promoters have pledged 50.3% of their holding.
  • Company has high debtors of 159 days.
  • Working capital days have increased from 129 days to 183 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

Standalone Figures in Rs. Crores / View Consolidated

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 14.97 20.29 23.15 26.06 30.45 34.65 32.65 37.78 42.49 39.60 41.19 51.99 57.56
Interest 5.15 7.25 8.45 9.99 12.17 13.75 14.87 17.34 18.16 20.51 22.68 26.14 27.04
6.37 8.89 10.25 12.21 14.94 18.31 14.51 17.11 20.11 21.99 23.61 22.06 26.32
Financing Profit 3.45 4.15 4.45 3.86 3.34 2.59 3.27 3.33 4.22 -2.90 -5.10 3.79 4.20
Financing Margin % 23.05% 20.45% 19.22% 14.81% 10.97% 7.47% 10.02% 8.81% 9.93% -7.32% -12.38% 7.29% 7.30%
0.06 0.05 0.11 0.02 0.08 0.01 0.03 0.00 0.24 9.17 11.54 0.37 0.66
Depreciation 0.92 1.14 1.29 1.37 1.19 1.54 1.86 1.65 1.75 2.74 2.17 2.10 2.03
Profit before tax 2.59 3.06 3.27 2.51 2.23 1.06 1.44 1.68 2.71 3.53 4.27 2.06 2.83
Tax % 27.03% 4.25% 23.55% 25.90% 12.56% 34.91% 26.39% 25.60% 43.91% 12.75% -37.24% 32.04% 57.60%
1.90 2.94 2.50 1.85 1.94 0.69 1.07 1.26 1.51 3.08 5.85 1.39 1.21
EPS in Rs 0.25 0.38 0.28 0.17 0.18 0.06 0.09 0.11 0.13 0.26 0.50 0.12 0.10
Gross NPA % 1.16% 1.42% 2.59%
Net NPA % 0.67% 0.90% 1.87%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
Revenue 0 0 0 2 1 12 19 19 24 70 124 161 190
Interest 0 0 0 0 0 2 5 2 4 24 51 79 96
0 0 0 2 1 5 12 12 17 31 60 83 94
Financing Profit 0 0 0 0 0 4 2 6 2 15 13 -0 -0
Financing Margin % 30% 23% 13% 7% 3% 38% 12% 31% 10% 21% 11% -0% -0%
0 0 0 0 0 0 0 0 0 0 0 21 22
Depreciation 0 0 0 0 0 0 0 0 1 4 6 8 9
Profit before tax 0 0 0 0 0 5 2 6 2 11 7 12 13
Tax % 0% 0% 33% 31% 100% 11% 12% 27% 61% 31% 23% 4%
0 0 0 0 0 4 2 4 1 7 6 12 12
EPS in Rs 0.05 0.02 0.01 0.02 0.00 1.05 0.32 0.61 0.09 0.83 0.48 1.00 0.98
Dividend Payout % 0% 0% 0% 0% 0% 19% 16% 3% 11% 1% 2% 1%
Compounded Sales Growth
10 Years: 87%
5 Years: 53%
3 Years: 89%
TTM: 29%
Compounded Profit Growth
10 Years: 69%
5 Years: 41%
3 Years: 158%
TTM: 155%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -49%
1 Year: -78%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 4%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 3 3 6 8 8 8 14 14 15 18 23 23 23
Reserves 1 1 1 1 1 5 13 18 84 156 200 196 208
11 11 1 1 0 39 25 16 81 286 443 686 741
0 0 1 0 0 3 2 2 5 12 12 23 14
Total Liabilities 15 15 10 9 9 55 54 48 185 472 678 928 986
0 0 0 1 1 1 1 3 10 18 21 28 31
CWIP 0 0 0 0 0 0 1 0 1 11 12 6 0
Investments 0 0 0 1 2 1 0 1 18 51 81 60 63
15 15 10 7 7 53 52 43 155 392 564 834 893
Total Assets 15 15 10 9 9 55 54 48 185 472 678 928 986

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 0 6 -1 1 -41 2 13 -78 -181 -149 -212
0 0 0 -1 0 5 2 -4 -38 -76 -69 30
0 -0 -6 1 -0 39 -3 -11 145 283 198 245
Net Cash Flow 0 0 0 -1 1 2 1 -2 30 26 -20 63

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 4% 2% 0% 1% 0% 38% 11% 14% 1% 5% 3% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.35% 65.14% 67.00% 65.34% 60.25% 58.44% 53.57% 50.77% 46.84% 47.38% 42.14% 36.87%
4.11% 2.83% 3.43% 3.06% 8.45% 8.45% 8.57% 8.13% 8.43% 9.70% 10.70% 8.42%
0.10% 0.09% 0.08% 0.07% 0.07% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 1.07%
35.44% 31.94% 29.49% 31.53% 31.24% 33.04% 37.86% 41.10% 44.72% 42.92% 47.16% 53.66%
No. of Shareholders 2,7125,5497,98010,54310,02810,4879,84211,97014,57817,19318,72725,061

* 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

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