Inditrade Capital Ltd
Inditrade Capital Limited is a financial services company offering Microfinance, Agri-Commodity finance and MSME financing among other services. [1]
- Market Cap ₹ 25.6 Cr.
- Current Price ₹ 11.0
- High / Low ₹ 37.8 / 10.4
- Stock P/E 32.0
- Book Value ₹ 49.9
- Dividend Yield 0.00 %
- ROCE 8.87 %
- ROE 1.66 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.22 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 31.1%
- Company has a low return on equity of -2.11% over last 3 years.
- Contingent liabilities of Rs.227 Cr.
- Promoters have pledged 96.4% of their holding.
- Earnings include an other income of Rs.5.97 Cr.
- Debtor days have increased from 62.0 to 114 days.
- Company's cost of borrowing seems high
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
40 | 30 | 40 | 48 | 48 | 75 | 76 | 132 | 178 | 200 | 175 | 167 | 133 | |
40 | 29 | 24 | 27 | 37 | 50 | 42 | 80 | 138 | 156 | 157 | 137 | 120 | |
Operating Profit | -0 | 1 | 16 | 21 | 10 | 24 | 34 | 53 | 41 | 44 | 18 | 31 | 13 |
OPM % | -1% | 4% | 40% | 43% | 21% | 32% | 45% | 40% | 23% | 22% | 10% | 18% | 10% |
1 | -1 | 1 | 2 | 3 | 1 | 9 | 5 | 4 | 1 | 4 | 10 | 6 | |
Interest | 0 | 0 | 0 | 1 | 1 | 9 | 22 | 35 | 29 | 33 | 36 | 28 | 22 |
Depreciation | 5 | 4 | 1 | 1 | 1 | 1 | 0 | 2 | 3 | 5 | 6 | 6 | 4 |
Profit before tax | -5 | -4 | 16 | 21 | 11 | 15 | 21 | 21 | 12 | 7 | -21 | 7 | -7 |
Tax % | 24% | 25% | 16% | 16% | 25% | 21% | 25% | 30% | 31% | 46% | -1% | 56% | |
-6 | -5 | 13 | 17 | 8 | 12 | 16 | 14 | 9 | 4 | -20 | 3 | 0 | |
EPS in Rs | -2.81 | -2.43 | 4.42 | 4.59 | 2.36 | 3.66 | 4.92 | 4.00 | 2.54 | 2.18 | -5.96 | 0.84 | 0.61 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 17% |
3 Years: | -2% |
TTM: | -18% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | -28% |
3 Years: | -31% |
TTM: | 105% |
Stock Price CAGR | |
---|---|
10 Years: | -7% |
5 Years: | -22% |
3 Years: | -30% |
1 Year: | -61% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 1% |
3 Years: | -2% |
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 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 54 | 48 | 58 | 69 | 75 | 87 | 98 | 104 | 111 | 117 | 96 | 95 | 93 |
0 | 0 | 0 | 0 | 48 | 130 | 210 | 207 | 257 | 385 | 256 | 150 | 127 | |
58 | 61 | 60 | 71 | 88 | 225 | 128 | 128 | 114 | 131 | 136 | 133 | 132 | |
Total Liabilities | 135 | 132 | 141 | 163 | 235 | 466 | 459 | 462 | 506 | 656 | 511 | 401 | 376 |
9 | 6 | 4 | 2 | 4 | 4 | 3 | 9 | 9 | 34 | 32 | 30 | 26 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 30 | 47 | 53 | 5 | 2 | 0 | 0 | 1 | 10 | 11 | 11 | 14 | 14 |
96 | 79 | 83 | 156 | 229 | 461 | 455 | 452 | 487 | 610 | 468 | 357 | 336 | |
Total Assets | 135 | 132 | 141 | 163 | 235 | 466 | 459 | 462 | 506 | 656 | 511 | 401 | 376 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | -1 | -3 | -46 | -49 | -75 | -71 | 33 | -36 | -81 | 104 | 91 | |
-17 | 5 | 6 | 53 | 12 | -19 | -4 | -3 | -12 | -19 | -3 | -7 | |
-6 | -0 | -0 | -0 | 48 | 96 | 57 | -7 | 49 | 128 | -129 | -105 | |
Net Cash Flow | -9 | 4 | 2 | 7 | 10 | 2 | -18 | 23 | 1 | 28 | -28 | -21 |
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 | 74 | 166 | 130 | 96 | 247 | 248 | 109 | 8 | 11 | 16 | 56 | 114 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 74 | 166 | 130 | 96 | 247 | 248 | 109 | 8 | 11 | 16 | 56 | 114 |
Working Capital Days | 207 | 199 | 226 | 506 | 918 | 903 | 393 | 48 | 145 | 57 | 174 | 153 |
ROCE % | -4% | -1% | 14% | 17% | 7% | 10% | 12% | 14% | 10% | 8% | 3% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
28 Nov - Resignation of Mr. Sumit Sharma as Independent Director.
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Announcement under Regulation 30 (LODR)-Resignation of Director
28 Nov - Resignation of Mr. Sumit Sharma as Independent Director.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Nov
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Board Meeting Outcome for Outcome Of Board Meeting Held On 12Th November, 2024
12 Nov - Board meeting approved unaudited financial results for Q2 2024.
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Approval Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Half Year Ended 30Th September, 2024
12 Nov - Board meeting approved unaudited financial results.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Aug 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020Transcript PPT
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Jun 2020Transcript PPT
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Feb 2020Transcript PPT
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Nov 2019Transcript PPT
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.
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.
Financial Product Distribution:[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.
Technology and Scalability (Scalerator):[5]