TruCap Finance Ltd

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

TruCap Finance Ltd

₹ 48.8 -2.79%
03 Jul - close price
dhanvarshafinvest.com BSE: 540268 NSE: TRU
About

Incorporated in 1994, TruCap Finance Ltd is
in the business of Fund based activities and Advisory services[1]

Key Points

Business Overview:[1][2]
TCFL (formerly known as Dhanvarsha Finvest Limited) is promoted by Mumbai-headquartered Wilson Group. It is a Non Systematically Important Non Deposit Taking Non Banking Financial Company.
It is a specialized MSME lender which provides access to affordable credit solutions to entrepreneurs. It provides financing options to the relatively under-banked micro, small & medium enterprises (MSME) and low-to-mid income (LMI) groups, offering a range of secured and unsecured financing products. Currently, company has ~96,700+ Customers, ~10.3 Billion Loan
Book, 45+ Lenders, ~128 Branch Network

Website BSE NSE
  • Market Cap ₹ 571 Cr.
  • Current Price ₹ 48.8
  • High / Low ₹ 87.1 / 40.0
  • Stock P/E 48.8
  • Book Value ₹ 18.8
  • Dividend Yield 0.02 %
  • ROCE 11.6 %
  • ROE 5.41 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 40.6% CAGR over last 5 years
  • Company's median sales growth is 30.6% of last 10 years

Cons

  • Stock is trading at 2.60 times its book value
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 4.56% over last 3 years.
  • Promoters have pledged 51.5% of their holding.
  • Company has high debtors of 159 days.
  • Promoter holding has decreased over last 3 years: -14.0%
  • Working capital days have increased from 131 days to 187 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

Standalone Figures in Rs. Crores / View Consolidated

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
7.28 11.41 14.97 20.29 23.15 26.06 30.45 34.65 32.65 37.78 42.49 39.60 41.19
5.59 5.43 6.37 8.89 10.25 12.21 14.94 18.31 14.51 17.11 20.11 21.99 23.61
Operating Profit 1.69 5.98 8.60 11.40 12.90 13.85 15.51 16.34 18.14 20.67 22.38 17.61 17.58
OPM % 23.21% 52.41% 57.45% 56.19% 55.72% 53.15% 50.94% 47.16% 55.56% 54.71% 52.67% 44.47% 42.68%
0.38 0.01 0.06 0.05 0.11 0.02 0.08 0.01 0.03 0.00 0.24 9.17 11.54
Interest 1.97 3.51 5.15 7.25 8.45 9.99 12.17 13.75 14.87 17.34 18.16 20.51 22.68
Depreciation 0.37 0.73 0.92 1.14 1.29 1.37 1.19 1.54 1.86 1.65 1.75 2.74 2.17
Profit before tax -0.27 1.75 2.59 3.06 3.27 2.51 2.23 1.06 1.44 1.68 2.71 3.53 4.27
Tax % 314.81% 98.29% 27.03% 4.25% 23.55% 25.90% 12.56% 34.91% 26.39% 25.60% 43.91% 12.75% -37.24%
0.57 0.04 1.90 2.94 2.50 1.85 1.94 0.69 1.07 1.26 1.51 3.08 5.85
EPS in Rs 0.07 0.01 0.25 0.38 0.28 0.17 0.18 0.06 0.09 0.11 0.13 0.26 0.50
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
0 0 0 2 1 12 19 19 24 70 123 161
0 0 0 2 1 5 12 12 17 31 60 83
Operating Profit 0 0 0 0 0 6 8 8 7 39 63 78
OPM % 35% 23% 13% 7% 3% 55% 39% 40% 28% 56% 51% 49%
0 0 0 0 0 0 0 0 0 0 1 21
Interest 0 0 0 0 0 2 5 2 4 24 51 79
Depreciation 0 0 0 0 0 0 0 0 1 4 6 8
Profit before tax 0 0 0 0 0 5 2 6 2 11 7 12
Tax % 0% 0% 33% 31% 100% 11% 12% 27% 61% 31% 23% 4%
0 0 0 0 0 4 2 4 1 7 6 12
EPS in Rs 0.05 0.02 0.01 0.02 0.00 1.05 0.32 0.61 0.09 0.83 0.48 1.00
Dividend Payout % 0% 0% 0% 0% 0% 19% 16% 3% 11% 1% 2% 1%
Compounded Sales Growth
10 Years: 87%
5 Years: 53%
3 Years: 89%
TTM: 31%
Compounded Profit Growth
10 Years: 69%
5 Years: 41%
3 Years: 158%
TTM: 111%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: -33%
1 Year: -17%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 5%
Last Year: 5%

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 3 3 6 8 8 8 14 14 15 18 23 23
Reserves 1 1 1 1 1 5 12 16 79 152 190 196
11 11 1 1 0 39 25 16 81 286 443 686
0 0 1 0 0 3 3 3 10 16 22 23
Total Liabilities 15 15 10 9 9 55 54 48 185 472 678 928
0 0 0 1 1 1 1 3 10 18 21 35
CWIP 0 0 0 0 0 0 1 0 1 11 12 0
Investments 0 0 0 1 2 1 0 1 18 51 81 60
15 15 10 7 7 53 52 43 155 392 564 834
Total Assets 15 15 10 9 9 55 54 48 185 472 678 928

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
0 0 6 -1 1 -41 2 13 -78 -181 -149 -212
0 0 0 -1 0 5 2 -4 -38 -76 -69 30
0 -0 -6 1 -0 39 -3 -11 145 283 198 245
Net Cash Flow 0 0 0 -1 1 2 1 -2 30 26 -20 63

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 0 0 170 2 3 12 0 23 32 64 105 159
Inventory Days 47,815 242 0
Days Payable 1,460 11
Cash Conversion Cycle 0 0 46,525 233 3 12 0 23 32 64 105 159
Working Capital Days 12,087 -195 24 165 -108 236 -11 68 36 68 136 187
ROCE % 1% 0% 0% 2% 0% 22% 15% 15% 5% 11% 10%

Shareholding Pattern

Numbers in percentages

139 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.19% 61.19% 60.35% 65.14% 67.00% 65.34% 60.25% 58.44% 53.57% 50.77% 46.84% 47.38%
4.23% 4.15% 4.11% 2.83% 3.43% 3.06% 8.45% 8.45% 8.57% 8.13% 8.43% 9.70%
0.00% 0.00% 0.10% 0.09% 0.08% 0.07% 0.07% 0.07% 0.00% 0.00% 0.00% 0.00%
34.57% 34.65% 35.44% 31.94% 29.49% 31.53% 31.24% 33.04% 37.86% 41.10% 44.72% 42.92%
No. of Shareholders 1,6631,8732,7125,5497,98010,54310,02810,4879,84211,97014,57817,193

* 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.

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