Satin Creditcare Network Ltd

Satin Creditcare Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Satin Creditcare Network Ltd

₹ 155 2.17%
26 Nov - close price
satincreditcare.com BSE: 539404 NSE: SATIN
About

Satin Network Limited (SCNL) is a leading microfinance institution (MFI) with presence in 23 states & union territory and 95,000 villages. The company offers a bouquet of financial products in the Non‐MFI segment (comprising loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Financial Services Limited (TFSL), a business correspondent company and a 100% subsidiary of SCNL.[1]

Key Points

Services[1]
SCNL provides Microfinance for Income Generating Loans (IGL), Housing Finance, Long Term Loans (LTL), Social impact financing through product loans & WASH loans and loans to MSMEs.

Website BSE NSE
  • Market Cap ₹ 1,714 Cr.
  • Current Price ₹ 155
  • High / Low ₹ 284 / 146
  • Stock P/E 4.54
  • Book Value ₹ 253
  • Dividend Yield 0.00 %
  • ROCE 16.2 %
  • ROE 18.5 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.61 times its book value
  • Company is expected to give good quarter
  • Company's median sales growth is 25.8% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.0% 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

Part of BSE Financial Services BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 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 299 316 331 662 325 378 389 422 492 547 593 582 600
Interest 149 148 149 150 135 145 146 170 200 230 233 229 243
131 110 94 439 116 156 110 133 148 168 188 210 295
Financing Profit 19 58 87 72 74 77 133 119 143 150 172 142 63
Financing Margin % 6% 18% 26% 11% 23% 20% 34% 28% 29% 27% 29% 24% 10%
0 0 0 0 0 0 0 0 0 0 1 0 0
Depreciation 3 3 3 3 3 3 7 4 5 5 6 5 6
Profit before tax 16 55 84 70 71 74 126 115 138 145 167 138 57
Tax % 25% 26% 29% 14% 24% 25% 25% 25% 25% 25% 25% 25% 28%
12 40 60 60 55 55 94 86 103 108 125 103 42
EPS in Rs 1.63 5.60 7.94 8.02 6.90 6.62 11.34 9.71 10.36 9.81 11.34 9.29 3.76
Gross NPA % 8.71% 8.61% 8.01% 4.38% 3.96% 3.92% 3.28% 2.49% 2.38% 2.40% 2.49% 2.73% 3.53%
Net NPA % 2.03% 2.30% 2.25% 1.85% 1.49% 1.50% 1.14% 0.92% 0.95% 0.99% 1.08% 1.37%
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 TTM
Revenue 94 191 324 558 777 977 1,373 1,400 1,273 1,262 1,753 2,050 2,322
Interest 54 106 177 290 435 533 643 577 618 606 576 833 935
34 61 98 178 298 303 413 596 652 582 820 631 861
Financing Profit 6 23 48 90 43 141 317 227 3 73 357 586 527
Financing Margin % 6% 12% 15% 16% 6% 14% 23% 16% 0% 6% 20% 29% 23%
0 1 0 1 -0 0 0 1 0 0 0 0 2
Depreciation 1 1 2 3 6 14 11 15 13 14 16 20 21
Profit before tax 5 23 46 88 37 127 306 213 -10 59 341 566 508
Tax % 27% 34% 32% 34% 34% 35% 36% 27% 39% 32% 22% 25%
4 16 32 58 24 82 195 156 -14 40 264 423 378
EPS in Rs 4.85 8.86 13.11 4.71 12.45 28.79 21.70 -1.88 5.36 31.76 38.28 34.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 27%
5 Years: 8%
3 Years: 17%
TTM: 38%
Compounded Profit Growth
10 Years: 39%
5 Years: 17%
3 Years: 224%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: -6%
3 Years: 30%
1 Year: -35%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 13%
Last Year: 18%

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 Sep 2024
Equity Capital 23 23 25 32 37 47 49 52 66 75 85 110 110
Reserves 101 116 168 293 600 845 1,103 1,401 1,425 1,532 1,829 2,557 2,688
590 915 1,636 2,748 3,880 5,151 5,235 5,409 6,026 5,463 5,447 7,197 7,556
32 63 181 231 231 220 309 292 358 306 284 219 258
Total Liabilities 745 1,116 2,011 3,303 4,749 6,263 6,696 7,154 7,875 7,375 7,645 10,083 10,612
4 5 6 14 38 39 45 56 94 88 91 93 95
CWIP 4 7 8 7 12 16 16 34 4 0 0 0 0
Investments 1 0 0 0 70 149 422 513 283 336 742 827 861
736 1,104 1,996 3,282 4,629 6,059 6,212 6,551 7,494 6,951 6,812 9,163 9,656
Total Assets 745 1,116 2,011 3,303 4,749 6,263 6,696 7,154 7,875 7,375 7,645 10,083 10,612

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
-105 -44 -443 -615 -953 -1,528 718 -17 -883 465 -736 -1,784
-1 -4 -4 -10 -84 -80 -264 -109 211 -55 -111 -87
269 65 521 701 1,420 1,390 63 151 713 -567 206 2,014
Net Cash Flow 163 17 74 76 383 -218 516 25 41 -156 -641 143

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
ROE % 4% 12% 19% 22% 5% 11% 19% 12% -1% 3% 15% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
38.26% 36.69% 36.69% 39.97% 38.00% 39.45% 41.70% 39.98% 36.06% 36.17% 36.17% 36.17%
8.81% 10.53% 9.55% 8.66% 7.67% 7.48% 6.72% 6.93% 9.58% 6.67% 7.14% 6.09%
8.24% 7.76% 7.59% 7.11% 6.65% 6.36% 5.19% 3.95% 8.27% 6.92% 7.04% 6.59%
44.03% 44.38% 45.54% 43.63% 47.10% 46.14% 45.83% 48.65% 45.66% 49.81% 49.21% 50.70%
0.67% 0.64% 0.64% 0.61% 0.58% 0.57% 0.55% 0.48% 0.44% 0.44% 0.44% 0.44%
No. of Shareholders 19,60817,61816,27215,54616,14616,24420,16623,52728,79544,33341,95150,610

* 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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