Satin Creditcare Network Ltd
Satin Network Limited (SCNL) is a leading microfinance institution (MFI) with presence in 23 states & union territory and 95,000 villages. The company offers a bouquet of financial products in the Non‐MFI segment (comprising loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Financial Services Limited (TFSL), a business correspondent company and a 100% subsidiary of SCNL.[1]
- Market Cap ₹ 2,213 Cr.
- Current Price ₹ 200
- High / Low ₹ 284 / 183
- Stock P/E 5.04
- Book Value ₹ 241
- Dividend Yield 0.00 %
- ROCE 16.3 %
- ROE 18.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.83 times its book value
- Company is expected to give good quarter
- Company's median sales growth is 25.8% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.2% over last 3 years.
* 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
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 94 | 191 | 324 | 558 | 777 | 977 | 1,373 | 1,400 | 1,273 | 1,262 | 1,753 | 2,050 | 2,214 |
Interest | 54 | 106 | 177 | 290 | 435 | 533 | 643 | 577 | 618 | 606 | 576 | 833 | 892 |
34 | 61 | 98 | 178 | 298 | 303 | 413 | 596 | 652 | 582 | 820 | 631 | 714 | |
Financing Profit | 6 | 23 | 48 | 90 | 43 | 141 | 317 | 227 | 3 | 73 | 357 | 586 | 608 |
Financing Margin % | 6% | 12% | 15% | 16% | 6% | 14% | 23% | 16% | 0% | 6% | 20% | 29% | 27% |
0 | 1 | 0 | 1 | -0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | |
Depreciation | 1 | 1 | 2 | 3 | 6 | 14 | 11 | 15 | 13 | 14 | 16 | 20 | 21 |
Profit before tax | 5 | 23 | 46 | 88 | 37 | 127 | 306 | 213 | -10 | 59 | 341 | 566 | 589 |
Tax % | 27% | 34% | 32% | 34% | 34% | 35% | 36% | 27% | 39% | 32% | 22% | 25% | |
4 | 16 | 32 | 58 | 24 | 82 | 195 | 156 | -14 | 40 | 264 | 423 | 440 | |
EPS in Rs | 4.85 | 8.86 | 13.11 | 4.71 | 12.45 | 28.79 | 21.70 | -1.88 | 5.36 | 31.76 | 38.28 | 40.80 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 27% |
5 Years: | 8% |
3 Years: | 17% |
TTM: | 46% |
Compounded Profit Growth | |
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10 Years: | 39% |
5 Years: | 17% |
3 Years: | 224% |
TTM: | 52% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -8% |
3 Years: | 39% |
1 Year: | -12% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 13% |
Last Year: | 19% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 23 | 25 | 32 | 37 | 47 | 49 | 52 | 66 | 75 | 85 | 110 |
Reserves | 101 | 116 | 168 | 293 | 600 | 830 | 1,088 | 1,401 | 1,425 | 1,482 | 1,800 | 2,557 |
590 | 915 | 1,636 | 2,748 | 3,880 | 5,151 | 5,235 | 5,409 | 6,026 | 5,463 | 5,447 | 7,197 | |
32 | 63 | 181 | 231 | 231 | 235 | 324 | 292 | 358 | 356 | 313 | 219 | |
Total Liabilities | 745 | 1,116 | 2,011 | 3,303 | 4,749 | 6,263 | 6,696 | 7,154 | 7,875 | 7,375 | 7,645 | 10,083 |
4 | 5 | 6 | 14 | 38 | 39 | 45 | 56 | 94 | 88 | 91 | 93 | |
CWIP | 4 | 7 | 8 | 7 | 12 | 16 | 16 | 34 | 4 | 0 | 0 | 0 |
Investments | 1 | 0 | 0 | 0 | 70 | 149 | 422 | 513 | 283 | 336 | 742 | 827 |
736 | 1,104 | 1,996 | 3,282 | 4,629 | 6,059 | 6,212 | 6,551 | 7,494 | 6,951 | 6,812 | 9,163 | |
Total Assets | 745 | 1,116 | 2,011 | 3,303 | 4,749 | 6,263 | 6,696 | 7,154 | 7,875 | 7,375 | 7,645 | 10,083 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-105 | -44 | -443 | -615 | -953 | -1,528 | 718 | -17 | -883 | 465 | -736 | -1,784 | |
-1 | -4 | -4 | -10 | -84 | -80 | -264 | -109 | 211 | -55 | -111 | -87 | |
269 | 65 | 521 | 701 | 1,420 | 1,390 | 63 | 151 | 713 | -567 | 206 | 2,014 | |
Net Cash Flow | 163 | 17 | 74 | 76 | 383 | -218 | 516 | 25 | 41 | -156 | -641 | 143 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 4% | 12% | 19% | 22% | 5% | 11% | 19% | 12% | -1% | 3% | 15% | 19% |
Documents
Announcements
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Closure of Trading Window
15h - Closure of trading window for Satin Creditcare Network.
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Announcement under Regulation 30 (LODR)-Allotment
1d - Allotment of 500 USD 10,000 Bonds totaling USD 5 million.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Sep - Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Non-Deal Roadshow
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
20 Sep - Issuance of duplicate share certificates for lost ones.
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Board Meeting Outcome for Approval Of The Terms And Conditions For Issuance Of Up To 750 Bonds Aggregating Up To USD 7,500,000 (United States Dollars Seven Million And Five Hundred Thousand Only), At Par, In Dematerialized Form On A Private Placement Basis.
20 Sep - Approval for issuance of USD 7.5 million bonds.
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 2008
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Concalls
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Aug 2024Transcript PPT
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Nov 2016Transcript PPT
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Sep 2016TranscriptNotesPPT
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Services[1]
SCNL provides Microfinance for Income Generating Loans (IGL), Housing Finance, Long Term Loans (LTL), Social impact financing through product loans & WASH loans and loans to MSMEs.