United Credit Ltd

₹ 31.2 -4.91%

22 Nov - close price

About

Incorporated in 1991, United Credit Ltd is in the business of financing and renting activities^[1]

Key Points

Business Overview:^[1]^[2]
Company is registered as a Non Systematically Important Non Deposit Taking Non Banking Financial Company and earns its revenue from interest on loan and rent. At present, company is facing difficulty in carrying on its traditional business, mainly in recovering the fund disbursed, combating competition from other big players in the market, etc. Therefore it has started exploring opportunities in segments like real estates, loan syndication and entertainment in a limited manner. Management expects that expansion of range of activities will help Company in increasing its profits in coming years

Website BSE

Market Cap ₹ 16.6 Cr.
Current Price ₹ 31.2
High / Low ₹ 39.2 / 16.0
Stock P/E 9.17
Book Value ₹ 55.7
Dividend Yield 0.00 %
ROCE 7.36 %
ROE 5.82 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.56 times its book value
Debtor days have improved from 44.5 to 32.6 days.

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 6.28% over past five years.
Company has a low return on equity of 3.82% over last 3 years.
Earnings include an other income of Rs.0.92 Cr.

* 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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Detailed Comparison with:

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
	0.52	0.56	0.93	0.70	0.71	0.73	0.75	0.77	0.82	0.84	0.96	0.87	0.88
	0.44	0.42	0.35	0.60	0.42	0.44	0.49	0.50	0.48	0.53	0.47	0.60	0.50
Operating Profit	0.08	0.14	0.58	0.10	0.29	0.29	0.26	0.27	0.34	0.31	0.49	0.27	0.38
OPM %	15.38%	25.00%	62.37%	14.29%	40.85%	39.73%	34.67%	35.06%	41.46%	36.90%	51.04%	31.03%	43.18%
	0.02	0.03	0.10	0.03	0.00	-0.01	0.00	0.04	0.04	0.62	0.03	0.12	0.15
Interest	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.01	0.00	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01
Profit before tax	0.10	0.17	0.67	0.13	0.28	0.22	0.24	0.29	0.36	0.91	0.50	0.38	0.52
Tax %	30.00%	-17.65%	62.69%	15.38%	28.57%	-9.09%	29.17%	24.14%	19.44%	23.08%	18.00%	31.58%	17.31%
	0.07	0.20	0.26	0.11	0.20	0.24	0.17	0.22	0.29	0.70	0.42	0.26	0.43
EPS in Rs	0.13	0.38	0.49	0.21	0.38	0.45	0.32	0.41	0.54	1.31	0.79	0.49	0.81
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
	2.24	1.89	1.95	1.77	2.09	2.47	2.64	2.89	2.71	2.76	2.92	3.58	3.55
	7.05	1.06	1.10	2.20	1.36	1.38	4.28	1.74	1.56	1.56	1.99	1.96	2.10
Operating Profit	-4.81	0.83	0.85	-0.43	0.73	1.09	-1.64	1.15	1.15	1.20	0.93	1.62	1.45
OPM %	-214.73%	43.92%	43.59%	-24.29%	34.93%	44.13%	-62.12%	39.79%	42.44%	43.48%	31.85%	45.25%	40.85%
	0.04	0.07	0.03	0.81	0.03	0.06	5.28	0.07	0.07	0.10	0.00	0.53	0.92
Interest	0.01	0.02	0.00	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.01	0.01	0.00
Depreciation	0.04	0.04	0.06	0.09	0.08	0.06	0.04	0.03	0.03	0.02	0.06	0.07	0.06
Profit before tax	-4.82	0.84	0.82	0.27	0.66	1.07	3.60	1.19	1.19	1.28	0.86	2.07	2.31
Tax %	-34.23%	32.14%	36.59%	77.78%	-18.18%	38.32%	41.67%	23.53%	26.89%	40.62%	17.44%	21.26%
	-3.17	0.58	0.52	0.06	0.78	0.66	2.09	0.90	0.87	0.75	0.72	1.64	1.81
EPS in Rs	-5.95	1.09	0.98	0.11	1.46	1.24	3.92	1.69	1.63	1.41	1.35	3.08	3.40
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.39%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	7%
5 Years:	6%
3 Years:	10%
TTM:	16%

Compounded Profit Growth
10 Years:	11%
5 Years:	-5%
3 Years:	24%
TTM:	97%

Stock Price CAGR
10 Years:	6%
5 Years:	14%
3 Years:	35%
1 Year:	84%

Return on Equity
10 Years:	4%
5 Years:	4%
3 Years:	4%
Last Year:	6%

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	5.49	5.49	5.49	5.49	5.49	5.49	5.49	5.49	5.49	5.49	5.49	5.49	5.49
Reserves	15.12	14.95	15.46	15.52	16.30	16.96	19.04	19.49	20.37	21.14	21.85	23.49	24.19
	1.08	0.00	0.13	0.17	0.10	0.02	0.00	0.00	0.00	0.00	0.13	0.08	0.06
	0.96	1.88	1.83	1.78	2.16	2.05	1.79	1.85	0.97	0.93	1.23	0.81	0.75
Total Liabilities	22.65	22.32	22.91	22.96	24.05	24.52	26.32	26.83	26.83	27.56	28.70	29.87	30.49
	0.15	0.13	0.21	0.24	0.18	0.14	0.10	0.09	0.06	0.05	0.22	0.18	0.16
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	0.28	0.24	0.23	0.00	0.00	0.00	0.00	0.00	0.00	0.45	0.32	0.43	0.52
	22.22	21.95	22.47	22.72	23.87	24.38	26.22	26.74	26.77	27.06	28.16	29.26	29.81
Total Assets	22.65	22.32	22.91	22.96	24.05	24.52	26.32	26.83	26.83	27.56	28.70	29.87	30.49

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
	0.19	0.94	0.04	0.07	0.31	-0.14	-2.48	0.30	0.94	0.41	0.31	0.53
	-0.01	-0.01	-0.15	-0.04	-0.01	0.03	2.61	-0.02	0.00	-0.44	-0.13	0.00
	-0.17	-0.93	0.11	0.04	-0.08	-0.08	-0.02	-0.45	-0.87	0.00	0.12	-0.05
Net Cash Flow	0.01	0.00	0.00	0.08	0.22	-0.19	0.12	-0.16	0.06	-0.03	0.30	0.47

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
Debtor Days	1.63	0.00	0.00	2.06	3.49	7.39	17.97	37.89	45.79	59.51	41.25	32.63
Inventory Days
Days Payable
Cash Conversion Cycle	1.63	0.00	0.00	2.06	3.49	7.39	17.97	37.89	45.79	59.51	41.25	32.63
Working Capital Days	1,303.57	1,332.54	1,428.18	1,649.72	1,505.41	1,467.39	1,306.53	1,168.25	1,332.05	1,281.47	1,158.75	944.11
ROCE %	-20.66%	4.08%	3.90%	1.37%	3.16%	4.91%	15.28%	4.81%	4.68%	4.88%	3.22%	7.36%

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	57.85%	57.85%	57.85%	57.85%	57.85%	57.85%	57.85%	57.85%	57.85%	57.31%	57.31%	57.31%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%
	41.62%	41.62%	41.62%	41.62%	41.61%	41.61%	41.61%	41.62%	41.62%	42.15%	42.16%	42.16%
No. of Shareholders	2,265	2,269	2,249	2,237	2,206	2,208	2,230	2,247	2,281	2,372	2,460	2,626

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
	57.85%	57.85%	57.85%	57.85%	57.85%	57.85%	57.85%	57.31%	57.31%
	0.07%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%	0.53%
	41.55%	41.62%	41.62%	41.62%	41.62%	41.62%	41.61%	42.16%	42.16%
No. of Shareholders	2,559	2,069	2,088	2,142	2,186	2,249	2,230	2,460	2,626

* 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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United Credit Ltd

United Credit Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports