Inditrade Capital Ltd

Inditrade Cap. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Inditrade Capital Ltd

₹ 11.0 0.09%
24 Dec - close price
inditrade.com BSE: 532745
About

Inditrade Capital Limited is a financial services company offering Microfinance, Agri-Commodity finance and MSME financing among other services. [1]

Key Points

Business Verticals[1]
1. Lending Business:[2]
- Agri-Commodity Finance: Provides loans against non-essential commodities, evaluated through exchange-accredited warehouses, and prices are hedged in exchanges. Loan sizes go up to ₹5 crore.
- Microfinance: Offers micro-business loans ranging from ₹10,000 to ₹60,000, targeting joint liability groups. The focus is on providing small loans to underserved segments of the population, particularly in rural areas.
** - MSME Finance** provides business loans up to ₹50 lakh to Micro, Small, and Medium Enterprises (MSMEs), with quick processing (within 72 hours). Credit underwriting uses alternative methods to traditional scoring.

  1. E-commerce (Boonbox):[3]

  2. Boonbox is a rural e-commerce initiative targeting customers with household incomes of less than ₹1 lakh per annum. The platform offers end-to-end services, from customer acquisition through affiliates, to product delivery, installation, and first-level customer support.

  3. Financial Product Distribution:[4]

  4. The company offers various financial products through third-party partnerships, including business, personal, insurance, health, and gold loans. This allows Inditrade to diversify its product offerings without directly taking on the full risk of the loans.

  5. Technology and Scalability (Scalerator):[5]

  6. The company leverages a digital-first approach for loan disbursement, credit underwriting, and customer engagement. Technology enables faster processing and scaling of its operations, especially in segments like microfinance and MSME lending
Website BSE
  • Market Cap ₹ 25.7 Cr.
  • Current Price ₹ 11.0
  • High / Low ₹ 37.8 / 10.4
  • Stock P/E
  • Book Value ₹ 27.8
  • Dividend Yield 0.00 %
  • ROCE 5.89 %
  • ROE 0.75 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.40 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 31.1%
  • Company has a low return on equity of 0.49% over last 3 years.
  • Contingent liabilities of Rs.179 Cr.
  • Promoters have pledged 96.4% of their holding.
  • Debtor days have increased from 70.5 to 116 days.
  • Promoter holding has decreased over last 3 years: -42.5%

* 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
0 2 2 3 4 2 3 3 3 2 6 2 3
2 0 0 0 0 0 0 0 0 0 4 0 35
Operating Profit -2 2 2 2 3 2 3 3 3 2 2 2 -33
OPM % -407% 92% 90% 91% 94% 91% 89% 91% 93% 90% 35% 89% -1,277%
0 1 0 0 0 0 0 0 0 0 0 0 0
Interest 0 1 1 2 1 1 2 2 2 1 1 1 1
Depreciation 0 1 1 1 1 1 1 1 1 1 0 0 0
Profit before tax -2 1 0 0 2 -0 0 0 0 0 1 0 -34
Tax % 0% 45% -119% 98% -10% -25% -4% 267% -2,800% 80% 30% 26% -28%
-2 1 0 0 2 -0 0 -0 0 0 0 0 -25
EPS in Rs -0.94 0.27 0.15 0.00 0.81 -0.09 0.12 -0.04 0.12 0.00 0.20 0.12 -10.60
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
19 15 22 21 24 28 2 0 1 5 11 14 13
19 13 14 18 23 25 3 1 1 3 1 4 39
Operating Profit 1 1 8 4 1 2 -1 -1 1 2 10 10 -27
OPM % 5% 9% 36% 17% 6% 8% -81% -198% 65% 47% 91% 69% -210%
1 1 1 1 3 3 9 3 0 0 1 1 0
Interest 0 0 0 0 0 0 0 1 1 2 6 7 6
Depreciation 4 3 1 1 1 1 0 0 0 2 3 2 1
Profit before tax -3 -1 8 4 3 4 7 1 0 -1 2 1 -33
Tax % 0% 0% 1% 14% 9% -2% 0% 37% -20% 47% 7% 16%
-3 -1 8 3 3 4 7 1 0 -1 2 1 -24
EPS in Rs -1.30 -0.39 3.23 1.34 1.26 1.66 3.13 0.34 0.08 -0.56 0.84 0.29 -10.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: 54%
3 Years: 113%
TTM: 12%
Compounded Profit Growth
10 Years: 10%
5 Years: -31%
3 Years: 56%
TTM: -8981%
Stock Price CAGR
10 Years: -7%
5 Years: -22%
3 Years: -30%
1 Year: -60%
Return on Equity
10 Years: 3%
5 Years: 0%
3 Years: 0%
Last Year: 1%

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 23 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 47 46 53 56 59 63 68 66 68 67 69 66 42
0 0 0 0 0 0 0 7 8 37 58 33 41
15 20 12 14 21 30 4 1 3 2 4 2 2
Total Liabilities 85 89 88 94 103 116 95 98 102 130 154 125 108
6 3 2 2 2 1 0 0 0 7 5 2 2
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 37 49 51 40 48 54 74 85 89 89 89 89 64
43 38 36 53 53 60 21 12 12 33 61 34 42
Total Assets 85 89 88 94 103 116 95 98 102 130 154 125 108

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
6 2 -4 -4 5 13 10 6 4 -1 2 3
2 3 3 12 -10 -5 -25 -11 -4 -28 -23 21
-12 -0 -0 -2 2 -2 0 5 0 29 21 -25
Net Cash Flow -4 4 -2 6 -3 6 -15 -1 -0 -0 1 -1

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 146 321 228 158 70 178 0 0 0 0 25 116
Inventory Days
Days Payable
Cash Conversion Cycle 146 321 228 158 70 178 0 0 0 0 25 116
Working Capital Days -65 -120 69 149 115 -73 780 5,825 1,209 605 340 175
ROCE % -3% -1% 11% 5% 4% 5% 5% 2% 1% 1% 6% 6%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 31.09% 31.09%
0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19%
25.90% 25.90% 25.90% 25.88% 25.90% 25.89% 25.90% 25.90% 25.91% 25.90% 68.72% 68.72%
0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.00% 0.00%
No. of Shareholders 6,4476,1055,8345,5135,4505,4025,3264,9055,0455,1056,0846,640

* 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

Announcements

Annual reports

Concalls