Akme Fintrade (India) Ltd
Incorporated in 1996, Akme Fintrade is a non-banking finance company (NBFC), offering vehicle and business loans in rural and semi-urban geographies.[1]
- Market Cap ₹ 348 Cr.
- Current Price ₹ 81.6
- High / Low ₹ 135 / 80.0
- Stock P/E 12.0
- Book Value ₹ 83.6
- Dividend Yield 0.00 %
- ROCE 12.7 %
- ROE 8.44 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.98 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 7.06% 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|
| 87 | 100 | 88 | 68 | 70 | 73 | 85 | |
| 15 | 17 | 20 | 24 | 22 | 21 | 19 | |
| Operating Profit | 72 | 83 | 68 | 43 | 47 | 52 | 66 |
| OPM % | 82% | 83% | 77% | 64% | 68% | 71% | 78% |
| 2 | 0 | 1 | 0 | 0 | 1 | 0 | |
| Interest | 46 | 56 | 48 | 35 | 28 | 28 | 31 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Profit before tax | 26 | 27 | 19 | 8 | 19 | 24 | 35 |
| Tax % | 32% | 30% | 14% | 46% | 23% | 22% | |
| 18 | 19 | 17 | 4 | 15 | 19 | 29 | |
| EPS in Rs | 40.83 | 8.80 | 7.65 | 1.89 | 4.58 | 5.85 | 7.77 |
| Dividend Payout % | 1% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -6% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | 3% |
| TTM: | 25% |
| 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 | 109 | 115 | 173 | 192 | 314 |
| 425 | 399 | 318 | 230 | 178 | 205 | 204 | |
| 15 | 6 | 6 | 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 | 86 | 63 | 23 | -46 | ||
| -3 | 2 | 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 | 69 | 79 | 32 | 32 |
| ROCE % | 16% | 14% | 10% | 12% | 13% |
Documents
Announcements
-
Statement Of Deviation Or Variation Of Proceeds Of Public Issue Under Regulation 32 Of SEBI (LODR) Regulations.
11 Nov - Statement of no deviation in IPO fund utilization.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
11 Nov - Monitoring Agency Report confirms no deviation in fund utilization.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Nov - Submission of Transcript of Earnings Conference call for the Quarter and Half Year Ended September, 30 2024
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Oct - Newspaper clippings of the unaudited Financial Results for the quarter/half year ended September 30,2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
29 Oct - Akme Fintrade reports strong Q2 FY25 financial results.
Concalls
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
Business Profile[1] The company provides lending solutions for rural and semi-urban populations. Its portfolio comprises Vehicle Finance and Business Finance Products for small business owners.