Equitas Holdings Ltd

Equitas Holdings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Equitas Holdings Ltd

₹ 120 0.59%
02 Feb 2023
equitas.in BSE: 539844 NSE: EQUITAS
About

Equitas Holdings is engaged in a non-deposit taking Systemically Important Core Investment Company (CIC-ND-SI), from the Reserve Bank of India (RBI) to carry on the business as a Non-Banking Financial Institution.(Source : 202003-01 Annual Report Page No:62)

Key Points

One of India’s Largest Small Finance Banks
From a small urban micro financier in 2007 to a diversified pan-India non-banking finance company (NBFC) in 2015, and in 2022, Equitas holdings has become one of India’s largest small finance banks (Post Amalgamation with ESFBL). [1]

Website BSE NSE
  • Market Cap ₹ 4,112 Cr.
  • Current Price ₹ 120
  • High / Low ₹ /
  • Stock P/E 14.8
  • Book Value ₹ 104
  • Dividend Yield 0.00 %
  • ROCE 7.11 %
  • ROE 5.36 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.15 times its book value
  • Company's median sales growth is 38.9% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.69% over last 3 years.
  • Dividend payout has been low at 7.22% of profits 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
696 738 790 783 871 1,133 948 944 984 1,025 1,024 1,055 1,116
282 317 424 352 355 433 453 527 532 507 520 549 581
Operating Profit 414 421 366 431 517 700 494 417 452 518 504 506 535
OPM % 60% 57% 46% 55% 59% 62% 52% 44% 46% 51% 49% 48% 48%
6 19 15 4 7 19 55 5 15 -43 29 35 31
Interest 295 305 322 337 353 380 375 373 374 374 360 376 407
Depreciation 37 37 37 32 32 31 32 33 32 32 30 33 35
Profit before tax 87 98 22 67 140 308 142 16 61 69 143 132 123
Tax % 53% 19% 31% 22% 24% 18% 26% 17% 27% 49% 23% 23% 23%
41 79 15 52 106 251 104 14 44 35 111 102 95
EPS in Rs 1.21 2.30 0.43 1.47 2.96 6.91 2.51 0.32 1.05 0.84 2.27 2.24 2.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
239 199 283 483 755 1,112 1,555 1,647 2,288 2,878 3,735 3,978 4,220
122 116 129 174 289 404 680 1,002 1,028 1,271 1,593 2,086 2,157
Operating Profit 117 83 154 309 466 707 875 645 1,260 1,607 2,142 1,892 2,063
OPM % 49% 42% 55% 64% 62% 64% 56% 39% 55% 56% 57% 48% 49%
0 0 0 0 0 3 -10 132 70 46 86 5 52
Interest 69 64 108 190 295 437 576 669 966 1,191 1,445 1,481 1,517
Depreciation 5 7 7 6 8 14 37 89 93 145 127 127 130
Profit before tax 44 11 40 114 163 260 252 19 271 316 656 289 468
Tax % 35% 131% 20% 35% 35% 36% 37% 28% 35% 35% 22% 30%
29 -3 32 74 107 167 159 14 177 206 514 203 342
EPS in Rs 6.42 -0.78 5.52 10.24 3.96 6.19 4.72 0.40 5.17 5.99 13.85 4.48 7.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 22% 0%
Compounded Sales Growth
10 Years: 35%
5 Years: 21%
3 Years: 20%
TTM: 5%
Compounded Profit Growth
10 Years: 49%
5 Years: 1%
3 Years: -1%
TTM: -25%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -1%
1 Year: %
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 10%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 44 44 58 73 269 270 338 340 341 342 342 342 342
Reserves 257 258 414 669 902 1,071 1,893 1,910 2,102 2,442 2,734 3,065 3,226
592 564 1,274 1,849 3,032 4,683 6,543 10,752 12,947 17,315 21,164 22,242 24,394
73 95 108 160 262 482 670 445 325 735 1,341 1,964 2,384
Total Liabilities 967 961 1,854 2,752 4,465 6,507 9,443 13,447 15,715 20,834 25,582 27,613 30,346
22 26 24 25 46 63 313 328 290 531 462 393 420
CWIP 1 0 1 3 2 0 15 2 2 2 1 11 0
Investments 0 0 8 4 176 12 1,896 3,857 2,346 2,384 3,838 4,548 5,875
944 935 1,822 2,720 4,242 6,432 7,219 9,259 13,077 17,916 21,281 22,660 24,051
Total Assets 967 961 1,854 2,752 4,465 6,507 9,443 13,447 15,715 20,834 25,582 27,613 30,346

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-122 22 -781 -788 -1,155 -1,373 244 499 1,693 -973 2,741 57
-43 -71 -125 86 -230 92 -2,153 -28 4 -73 -43 -89
162 16 1,053 771 1,504 1,655 2,033 -319 -1,591 2,323 -1,851 -1,218
Net Cash Flow -4 -33 147 69 120 374 125 152 106 1,277 847 -1,250

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 1
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0 1
Working Capital Days 666 308 354 208 185 141 214 -77 -33 -63 -54 -63
ROCE % 9% 11% 14% 14% 14% 11% 6% 9% 8% 9% 7%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
28.67% 28.19% 20.73% 25.59% 28.38% 28.90% 27.03% 27.94% 28.58% 26.29% 26.14% 24.58%
34.45% 30.25% 34.20% 31.60% 33.22% 32.07% 37.82% 35.69% 33.45% 34.95% 34.08% 36.67%
36.88% 41.56% 45.07% 42.81% 38.40% 39.03% 35.15% 36.37% 37.97% 38.76% 39.78% 38.76%
No. of Shareholders 2,97,5963,09,6543,30,4743,04,2672,68,7852,60,8252,43,0562,43,5592,41,5942,30,2942,19,8102,06,184

* 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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