Inditrade Capital Ltd

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

Inditrade Capital Ltd

₹ 16.4 0.98%
25 Jul 1:08 p.m.
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 Segments[1]
A) MSME Finance: The Co. offers business loans up to 50 lakhs, processed within 72 hours, and Credit underwriting through alternate means and has 652 Active borrowers. [2]

B) Micro Finance: Micro Business loans from 10,000 to 60,000 are offered to Joint Liability Groups. Active borrowers: ~172K.[3]

C) Scalerator Provides Customer offers through Third Parties on Business loans, Personal loans, Insurance, Health loans, and Gold loans.

D) Agri-commodity Finance: Loan against non-essential commodities up to 5 crores evaluated through exchange accredited warehouses. Cumulative disbursement: ~Rs. 1180 Cr.[4]

E) Boonbox: It deals in end-to-end rural E-commerce. Deals with rural customers with household income < 1 lakh p.a. Customer acquisition is through affiliates. The company provides product installation and 1st-level
customer support.

Website BSE
  • Market Cap ₹ 38.4 Cr.
  • Current Price ₹ 16.4
  • High / Low ₹ 58.8 / 15.5
  • Stock P/E 19.5
  • Book Value ₹ 50.6
  • Dividend Yield 0.00 %
  • ROCE 8.87 %
  • ROE 1.66 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.33 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -42.5%
  • 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.
  • Debtor days have increased from 62.0 to 114 days.
  • Company's cost of borrowing seems high

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
26.12 30.89 44.29 67.35 56.55 44.52 54.20 42.30 34.22 44.50 40.57 41.13 41.06
20.10 22.59 36.57 55.24 42.08 30.66 41.22 31.55 54.52 34.70 35.49 31.50 36.08
Operating Profit 6.02 8.30 7.72 12.11 14.47 13.86 12.98 10.75 -20.30 9.80 5.08 9.63 4.98
OPM % 23.05% 26.87% 17.43% 17.98% 25.59% 31.13% 23.95% 25.41% -59.32% 22.02% 12.52% 23.41% 12.13%
1.99 1.21 1.75 1.05 -2.06 0.51 1.50 0.47 1.60 0.87 4.74 0.25 4.33
Interest 7.09 7.48 7.20 8.85 9.35 10.36 9.26 8.22 7.93 8.14 6.29 7.01 5.92
Depreciation 0.92 0.87 0.89 1.54 1.42 1.58 1.53 1.54 1.55 1.60 1.58 1.76 0.62
Profit before tax 0.00 1.16 1.38 2.77 1.64 2.43 3.69 1.46 -28.18 0.93 1.95 1.11 2.77
Tax % 67.24% 21.74% 113.72% -64.02% 55.56% 25.47% 44.52% -11.32% 55.91% 83.08% 19.82% 52.71%
0.24 0.38 1.08 -0.39 2.75 1.10 2.77 0.83 -24.97 0.47 0.35 0.91 1.38
EPS in Rs 0.18 0.56 0.65 0.21 0.75 0.27 1.19 0.45 -7.89 -0.19 -0.15 0.36 0.82
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
40 30 40 48 48 75 76 132 178 200 175 167
40 29 24 27 37 50 42 80 138 156 157 137
Operating Profit -0 1 16 21 10 24 34 53 41 44 18 31
OPM % -1% 4% 40% 43% 21% 32% 45% 40% 23% 22% 10% 18%
1 -1 1 2 3 1 9 5 4 1 4 10
Interest 0 0 0 1 1 9 22 35 29 33 36 28
Depreciation 5 4 1 1 1 1 0 2 3 5 6 6
Profit before tax -5 -4 16 21 11 15 21 21 12 7 -21 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
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
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: -5%
Compounded Profit Growth
10 Years: 11%
5 Years: -28%
3 Years: -31%
TTM: 114%
Stock Price CAGR
10 Years: 1%
5 Years: -14%
3 Years: -29%
1 Year: -41%
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
Equity Capital 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
0 0 0 0 48 130 210 207 257 385 256 150
58 61 60 71 88 225 128 128 114 131 136 133
Total Liabilities 135 132 141 163 235 466 459 462 506 656 511 401
9 6 4 2 4 4 3 9 9 34 32 30
CWIP 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
96 79 83 156 229 461 455 452 487 610 468 357
Total Assets 135 132 141 163 235 466 459 462 506 656 511 401

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%

Shareholding Pattern

Numbers in percentages

29 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 73.63% 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% 25.90% 25.88% 25.90% 25.89% 25.90% 25.90% 25.91% 25.90% 68.72%
0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.29% 0.00%
No. of Shareholders 6,1986,4476,1055,8345,5135,4505,4025,3264,9055,0455,1056,084

* 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

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