Satin Creditcare Network Ltd
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]
- Market Cap ₹ 1,593 Cr.
- Current Price ₹ 145
- High / Low ₹ 275 / 134
- Stock P/E 5.45
- Book Value ₹ 230
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 21.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.63 times its book value
- Company is expected to give good quarter
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 8.96% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
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Revenue | 801 | 1,031 | 1,443 | 1,500 | 1,377 | 1,378 | 1,549 | 2,234 | 2,616 |
Interest | 436 | 536 | 646 | 589 | 638 | 631 | 617 | 901 | 1,037 |
322 | 365 | 471 | 685 | 737 | 700 | 911 | 733 | 1,175 | |
Financing Profit | 44 | 130 | 326 | 225 | 2 | 47 | 22 | 599 | 404 |
Financing Margin % | 5% | 13% | 23% | 15% | 0% | 3% | 1% | 27% | 15% |
0 | 0 | 3 | 4 | 3 | 3 | 2 | 6 | 11 | |
Depreciation | 6 | 15 | 13 | 18 | 15 | 16 | 18 | 23 | 26 |
Profit before tax | 38 | 116 | 316 | 212 | -10 | 34 | 5 | 583 | 389 |
Tax % | 34% | 35% | 36% | 27% | 43% | 39% | 8% | 25% | |
25 | 75 | 201 | 155 | -14 | 21 | 5 | 436 | 292 | |
EPS in Rs | 4.78 | 11.43 | 29.72 | 21.52 | -1.94 | 2.76 | 0.58 | 39.46 | 26.48 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 18% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 221% |
TTM: | -28% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 7% |
1 Year: | -42% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 22% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 37 | 47 | 49 | 52 | 66 | 75 | 85 | 110 | 110 |
Reserves | 600 | 838 | 1,101 | 1,397 | 1,420 | 1,507 | 1,543 | 2,291 | 2,431 |
Deposits | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Borrowing | 3,404 | 4,565 | 4,126 | 4,683 | 5,347 | 4,936 | 5,330 | 7,372 | |
251 | 253 | 321 | 309 | 377 | 330 | 310 | 174 | 247 | |
Total Liabilities | 4,778 | 6,299 | 6,741 | 7,300 | 8,045 | 7,655 | 7,850 | 10,490 | 11,176 |
73 | 75 | 81 | 94 | 131 | 126 | 129 | 133 | 138 | |
CWIP | 12 | 16 | 16 | 34 | 4 | 0 | 0 | 0 | 0 |
Investments | 21 | 72 | 264 | 246 | 1 | 49 | 62 | 56 | 50 |
4,672 | 6,136 | 6,380 | 6,926 | 7,909 | 7,481 | 7,659 | 10,301 | 10,988 | |
Total Assets | 4,778 | 6,299 | 6,741 | 7,300 | 8,045 | 7,655 | 7,850 | 10,490 | 11,176 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
-966 | -1,541 | 611 | -225 | -945 | 336 | -956 | -2,069 | |
-36 | -55 | -187 | 56 | 226 | -51 | -73 | -28 | |
1,398 | 1,394 | 88 | 243 | 734 | -442 | 390 | 2,263 | |
Net Cash Flow | 395 | -203 | 512 | 73 | 15 | -157 | -639 | 166 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
ROE % | 10% | 20% | 12% | -1% | 1% | 0% | 22% |
Documents
Announcements
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015
25 Mar - Sale of stressed loan portfolio for ₹42.60 Crore.
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Closure of Trading Window
25 Mar - Closure of trading window for securities.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Mar - Satin Creditcare raises USD 100 million social loan.
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Board Meeting Outcome for Outcome Of The Board Meeting
12 Mar - Board approved enhancement of credit facility limit to 300 Crore.
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Regulation 30 Of SEBI (LODR) Regulations, 2015 - Investor Meet
21 Feb - Schedule of Analyst/Institutional Investor Meeting on Feb 26, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2008
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Concalls
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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.