Akme Fintrade (India) Ltd

Akme Fintrade Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Akme Fintrade (India) Ltd

₹ 9.73 12.36%
17 Apr - close price
akmefintrade.com BSE: 544200 NSE: AFIL
About

Incorporated in 1996, Akme Fintrade (India) Ltd provides specialized retail financing services to the lower-income and middle-income groups[1]

Key Points

Business Overview:[1][2]
AFIL, an RBI-registered NBFC, focuses on rural and semi-urban finance, operating 28 branches and 30+ sales points across Rajasthan, Maharashtra, MP, and Gujarat. It serves 2+ lakh customers with an AUM of ₹523+ crore, borrowings of ₹240+ crore, GNPA of 2.86%, and NNPA of 1.27%.

Website BSE NSE
  • Market Cap ₹ 415 Cr.
  • Current Price ₹ 9.73
  • High / Low ₹ 13.5 / 6.38
  • Stock P/E 13.0
  • Book Value ₹ 8.36
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 8.44 %
  • Face Value ₹ 1.00
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Pros

  • Stock is trading at 1.16 times its book value
  • Company's working capital requirements have reduced from 47.6 days to 31.9 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -3.46% over past five years.
  • Company has a low return on equity of 7.07% 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

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
21.22 16.43 17.11 19.87 20.05 21.33 24.02 28.07
5.14 5.81 5.44 6.01 3.70 3.91 6.23 7.28
Operating Profit 16.08 10.62 11.67 13.86 16.35 17.42 17.79 20.79
OPM % 75.78% 64.64% 68.21% 69.75% 81.55% 81.67% 74.06% 74.06%
0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.02
Interest 8.46 6.42 6.62 7.60 7.64 8.20 7.57 8.78
Depreciation 0.12 0.12 0.14 0.12 0.12 0.11 0.12 0.15
Profit before tax 7.50 4.08 4.91 6.18 8.59 9.11 10.10 11.88
Tax % 25.20% 25.98% 26.07% 9.39% 26.89% 5.38% 19.41% 24.83%
5.61 3.01 3.63 5.60 6.28 8.61 8.14 8.93
EPS in Rs 0.18 0.10 0.11 0.18 0.20 0.20 0.19 0.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
87 100 87 68 70 73 93
15 17 19 24 22 21 21
Operating Profit 72 83 68 43 47 52 72
OPM % 82% 83% 78% 64% 68% 71% 77%
2 0 0 0 0 1 0
Interest 46 56 48 35 28 28 32
Depreciation 1 1 1 1 1 1 0
Profit before tax 26 27 19 8 19 24 40
Tax % 32% 30% 15% 46% 23% 22%
18 19 16 4 15 19 32
EPS in Rs 4.09 0.88 0.75 0.19 0.46 0.58 0.80
Dividend Payout % 1% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: -6%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 4%
TTM: 79%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 7%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 4 22 22 22 32 32 43
Reserves 91 89 108 115 173 192 314
425 399 318 230 178 205 204
15 6 7 7 8 8 7
Total Liabilities 535 515 455 374 390 436 568
6 7 7 6 19 18 18
CWIP 0 0 0 0 0 0 0
Investments 1 2 0 0 0 0 0
528 506 448 368 371 418 550
Total Assets 535 515 455 374 390 436 568

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 85 63 23 -46
-3 3 2 -15 2
-31 -84 -75 -2 45
Net Cash Flow -14 4 -10 7 1

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0
Working Capital Days 971 72 54 79 32 32
ROCE % 16% 14% 10% 12% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2024Sep 2024Dec 2024
41.57% 41.57% 41.57%
5.76% 3.49% 1.07%
3.16% 3.11% 3.11%
49.51% 51.82% 54.24%
No. of Shareholders 27,04421,23421,788

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls