Fusion Finance Ltd

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

Fusion Finance Ltd

₹ 185 4.99%
22 Nov - close price
fusionmicrofinance.com BSE: 543652 NSE: FUSION
About

Incorporated in 1994, Fusion Finance
Ltd is primarily engaged in microfinance
lending activities[1]

Key Points

Business Overview:[1][2]
Fusion, a systemically important non-deposit NBFC, provides JLG loans to female members in groups of 5-7, backed by mutual guarantees. Loan tenures range from 17 to 25 months with repayments every 14/28 days at interest rates of 19.15%-23.40% (reducing balance). It has also ventured into MSME lending and offers loans for productivity-enhancing items like mobile phones and bicycles, leveraging its distribution channel to deliver additional financial products and services.

Website BSE NSE
  • Market Cap ₹ 1,859 Cr.
  • Current Price ₹ 185
  • High / Low ₹ 675 / 161
  • Stock P/E
  • Book Value ₹ 251
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 19.6 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.74 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last 3 years: -27.9%

* 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

Part of BSE Allcap BSE Financial Services Nifty Total Market Nifty Microcap 250 BSE SmallCap

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 282 350 343 440 459 501 531 547 593 646 688 692
Interest 118 137 143 157 168 174 183 191 201 215 223 227
177 219 116 167 163 192 208 213 243 286 532 884
Financing Profit -13 -5 84 115 128 134 140 143 149 145 -67 -420
Financing Margin % -5% -1% 24% 26% 28% 27% 26% 26% 25% 22% -10% -61%
15 22 18 13 8 20 22 25 20 29 18 12
Depreciation 1 2 1 2 2 2 2 2 2 3 2 3
Profit before tax 0 16 100 126 134 152 159 166 166 172 -51 -410
Tax % -1,760% 16% 25% 25% 23% 25% 24% 24% 24% 23% -30% -26%
1 13 75 95 102 115 120 126 126 133 -36 -305
EPS in Rs 0.11 1.57 8.91 11.27 10.18 11.38 11.97 12.49 12.57 13.19 -3.54 -30.31
Gross NPA % 3.83% 3.69% 3.46% 3.20% 2.68% 3.04% 2.89% 5.46%
Net NPA % 1.12% 0.87% 0.78% 0.65% 0.77% 0.77% 1.25%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 266 494 720 856 1,151 1,742 2,317 2,619
Interest 137 254 338 375 496 643 791 867
182 172 290 437 676 638 949 1,944
Financing Profit -53 68 93 43 -20 461 577 -192
Financing Margin % -20% 14% 13% 5% -2% 26% 25% -7%
1 3 10 17 50 58 96 80
Depreciation 2 2 3 4 5 7 9 10
Profit before tax -54 68 100 57 24 512 663 -123
Tax % -26% 26% 30% 23% 11% 24% 24%
-39 51 70 44 22 387 505 -82
EPS in Rs -9.15 7.71 8.25 5.21 2.58 38.47 50.21 -8.09
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 36%
3 Years: 39%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 58%
3 Years: 126%
TTM: -118%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -68%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 16%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 41 62 79 79 83 100 101 101
Reserves 214 564 1,120 1,167 1,255 2,222 2,748 2,422
1,608 2,929 2,974 4,432 5,776 6,778 8,616 8,641
106 56 67 159 177 263 310 317
Total Liabilities 1,968 3,611 4,240 5,838 7,290 9,364 11,774 11,481
5 6 6 18 19 21 31 31
CWIP 0 0 0 0 0 0 2 0
Investments 0 0 0 0 0 0 2 2
1,963 3,604 4,233 5,820 7,271 9,342 11,739 11,447
Total Assets 1,968 3,611 4,240 5,838 7,290 9,364 11,774 11,481

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-597 -1,418 -749 -793 -1,641 -1,663 -1,350
184 15 20 10 18 18 31
741 1,631 545 1,459 1,418 1,584 1,843
Net Cash Flow 329 229 -184 676 -204 -61 524

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 12% 8% 4% 2% 21% 20%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
68.18% 68.18% 68.18% 67.92% 57.70% 57.71% 57.71% 57.71%
5.32% 5.98% 5.43% 5.15% 6.74% 5.97% 3.95% 2.82%
12.77% 13.56% 16.51% 15.37% 22.81% 23.28% 22.79% 19.19%
13.39% 12.00% 9.62% 11.02% 12.26% 12.65% 15.17% 19.90%
0.34% 0.28% 0.25% 0.54% 0.48% 0.40% 0.37% 0.37%
No. of Shareholders 45,13135,52242,47859,39456,82456,75961,08777,706

* 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

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