Emerald Finance Ltd

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

Emerald Finance Ltd

₹ 104 4.98%
11 Mar - close price
emeraldfin.com BSE: 538882
About

Emerald Leasing Finance and Investment Company Limited was incorporated in 1983. The Company is a NBFC registered with RBI engaged in the business of Commission income, Interest income and Dividend. The registered office of the company is in New Delhi. [1] [2]

Key Points

Service Offerings
1) Lending: The company is a non-deposit-taking NBFC, focused on retail and MSME lending. It acts as a loan origination platform for 40+ financial institutions including SBI, Canara Bank, Yes Bank, Axis Finance, etc via its subsidiary, Eclat Net Advisors. It has also broadened its offerings to include personal loans and business loans. [1] [2] The company had NIL NPAs during 9M FY25. [1]

Website BSE
  • Market Cap ₹ 352 Cr.
  • Current Price ₹ 104
  • High / Low ₹ 168 / 26.5
  • Stock P/E 47.8
  • Book Value ₹ 17.8
  • Dividend Yield 0.10 %
  • ROCE 12.6 %
  • ROE 9.17 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 28.5% CAGR over last 5 years

Cons

  • Stock is trading at 5.85 times its book value
  • Promoter holding has decreased over last quarter: -1.84%
  • Company has a low return on equity of 9.02% over last 3 years.
  • Debtor days have increased from 32.4 to 45.4 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
2.41 2.32 2.21 2.39 3.05 3.87 2.78 3.24 3.42 3.89 4.39 5.00 5.72
1.31 1.37 1.42 1.43 1.32 1.83 1.41 1.73 1.40 1.83 1.45 1.50 1.66
Operating Profit 1.10 0.95 0.79 0.96 1.73 2.04 1.37 1.51 2.02 2.06 2.94 3.50 4.06
OPM % 45.64% 40.95% 35.75% 40.17% 56.72% 52.71% 49.28% 46.60% 59.06% 52.96% 66.97% 70.00% 70.98%
0.00 0.01 0.03 0.03 0.00 -0.07 0.00 0.02 0.01 0.02 0.01 0.01 0.02
Interest 0.13 0.16 0.19 0.19 0.23 0.23 0.22 0.26 0.44 0.50 0.66 0.76 0.77
Depreciation 0.00 0.04 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.06 0.00 0.00 0.00
Profit before tax 0.97 0.76 0.63 0.80 1.50 1.71 1.15 1.27 1.59 1.52 2.29 2.75 3.31
Tax % 24.74% 28.95% 25.40% 28.75% 25.33% 26.32% 25.22% 25.20% 25.79% 25.00% 25.33% 25.09% 25.08%
0.73 0.54 0.47 0.57 1.12 1.25 0.86 0.95 1.19 1.13 1.71 2.06 2.48
EPS in Rs 0.25 0.19 0.16 0.20 0.37 0.41 0.29 0.32 0.39 0.37 0.57 0.63 0.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0.89 0.77 1.73 4.38 6.70 7.83 5.45 8.47 11.52 13.34 19.00
0.75 0.61 1.44 3.51 4.91 5.75 3.03 4.53 5.89 6.25 6.44
Operating Profit 0.14 0.16 0.29 0.87 1.79 2.08 2.42 3.94 5.63 7.09 12.56
OPM % 15.73% 20.78% 16.76% 19.86% 26.72% 26.56% 44.40% 46.52% 48.87% 53.15% 66.11%
0.00 0.00 0.00 0.01 0.02 0.04 -0.02 0.00 -0.03 0.02 0.06
Interest 0.00 0.00 0.00 0.10 0.16 0.45 0.47 0.55 0.90 1.47 2.69
Depreciation 0.00 0.00 0.01 0.02 0.03 0.03 0.03 0.04 0.03 0.06 0.06
Profit before tax 0.14 0.16 0.28 0.76 1.62 1.64 1.90 3.35 4.67 5.58 9.87
Tax % 28.57% 31.25% 28.57% 26.32% 27.78% 21.34% 26.32% 25.97% 25.48% 25.81%
0.09 0.10 0.19 0.56 1.18 1.29 1.39 2.48 3.48 4.14 7.38
EPS in Rs 0.03 0.03 0.07 0.19 0.41 0.44 0.48 0.85 1.15 1.37 2.30
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 17.52% 6.50% 11.71% 8.66% 7.28%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 35%
TTM: 43%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 44%
TTM: 71%
Stock Price CAGR
10 Years: 32%
5 Years: 65%
3 Years: 76%
1 Year: 237%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.05 3.05 3.05 3.05 9.04 9.04 9.04 29.04 30.14 30.14 32.78
Reserves 0.10 0.20 1.14 2.27 4.89 5.87 7.12 8.82 13.29 16.74 27.46
0.00 0.00 0.00 0.83 0.94 2.59 2.68 4.85 5.37 14.54 16.91
0.04 0.08 0.52 1.17 1.22 2.09 3.80 3.14 3.18 3.45 4.42
Total Liabilities 3.19 3.33 4.71 7.32 16.09 19.59 22.64 45.85 51.98 64.87 81.57
0.00 0.02 0.03 0.04 0.08 0.08 0.05 0.28 0.26 0.60 0.57
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.30 0.47 0.05 0.80
3.18 3.31 4.68 7.28 16.01 19.51 22.59 45.27 51.25 64.22 80.20
Total Assets 3.19 3.33 4.71 7.32 16.09 19.59 22.64 45.85 51.98 64.87 81.57

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 0.00 -0.48 0.08 -4.94 -3.71 2.58 -23.08 1.51 -11.29
0.00 0.00 -0.92 -0.09 -0.07 -0.22 -0.05 -0.43 -0.24 -0.03
0.00 0.00 1.80 1.36 7.55 1.21 -0.04 21.40 3.30 7.74
Net Cash Flow 0.00 0.00 0.40 1.35 2.54 -2.72 2.49 -2.11 4.57 -3.58

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 77.92 151.69 67.51 103.33 68.10 43.35 28.80 30.17 21.55 45.42
Inventory Days
Days Payable
Cash Conversion Cycle 77.92 151.69 67.51 103.33 68.10 43.35 28.80 30.17 21.55 45.42
Working Capital Days 1,053.99 1,516.88 822.83 375.83 582.37 753.77 1,012.62 202.11 -4.44 104.25
ROCE % 5.00% 7.36% 16.09% 16.63% 12.70% 12.89% 12.57% 12.14% 12.58%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
72.51% 70.36% 70.36% 67.80% 67.80% 67.80% 67.80% 67.80% 67.80% 67.80% 62.35% 60.51%
0.00% 0.00% 0.00% 0.66% 0.71% 0.71% 0.71% 1.31% 1.31% 1.31% 9.16% 9.78%
27.49% 29.64% 29.63% 31.54% 31.50% 31.49% 31.50% 30.90% 30.90% 30.89% 28.49% 29.72%
No. of Shareholders 1,4881,7072,1452,5092,9763,2893,4934,2094,3324,3316,4148,371

* 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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