SRG Housing Finance Ltd

SRG Housing Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SRG Housing Finance Ltd

₹ 394 19.66%
03 Jul 4:01 p.m.
srghousing.com BSE: 534680 NSE: SRGHFL
About

Incorporated in 1999, SRG Housing Ltd provides loans to Retail customers for construction, repair, renovation or purchase of residential property, and loans against property[1]

Key Points

Business Overview:[1][2]
SRGL was the first company in Rajasthan to be registered with the National Housing Bank (NHB) and to be listed on the BSE SME platform. It is an ISO 9001:2008 certified company for the Quality Management system of loan process. SRGL is a retail and affordable housing finance company which helps in providing housing
to the rural and semi-urban population of India.

Website BSE NSE
  • Market Cap ₹ 522 Cr.
  • Current Price ₹ 394
  • High / Low ₹ 398 / 214
  • Stock P/E 24.8
  • Book Value ₹ 120
  • Dividend Yield 0.00 %
  • ROCE 13.5 %
  • ROE 14.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 33.4% of last 10 years

Cons

  • Stock is trading at 3.29 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

* 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 - Housing

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 19.03 17.58 20.32 19.60 22.15 20.75 22.04 22.73 26.23 26.84 30.22 31.74 36.15
Interest 8.04 7.35 7.55 7.82 7.83 8.05 8.86 10.06 10.17 10.93 13.12 13.07 13.69
7.28 4.71 5.20 5.63 6.83 6.39 7.69 8.54 9.94 9.53 10.19 10.86 13.55
Financing Profit 3.71 5.52 7.57 6.15 7.49 6.31 5.49 4.13 6.12 6.38 6.91 7.81 8.91
Financing Margin % 19.50% 31.40% 37.25% 31.38% 33.81% 30.41% 24.91% 18.17% 23.33% 23.77% 22.87% 24.61% 24.65%
1.43 0.01 0.16 0.38 0.42 0.38 0.85 0.99 0.22 0.01 0.98 0.47 0.41
Depreciation 0.52 0.49 0.50 0.53 0.65 0.77 0.85 0.87 0.97 1.18 1.31 1.58 1.71
Profit before tax 4.62 5.04 7.23 6.00 7.26 5.92 5.49 4.25 5.37 5.21 6.58 6.70 7.61
Tax % 21.43% 19.25% 21.02% 20.50% 20.66% 17.06% 20.22% 16.00% 22.16% 15.55% 20.21% 20.60% 19.97%
3.63 4.08 5.71 4.77 5.76 4.91 4.39 3.58 4.18 4.39 5.26 5.32 6.09
EPS in Rs 2.79 3.14 4.39 3.67 4.43 3.78 3.38 2.75 3.22 3.38 4.05 4.09 4.58
Gross NPA % 2.34% 2.46% 2.42% 2.49% 2.47% 2.45% 2.46% 2.56% 2.50% 2.47% 2.40% 2.37% 2.29%
Net NPA % 0.42% 0.41% 0.41% 0.45% 0.42% 0.41% 0.45% 0.51% 0.51% 0.49% 0.56% 0.62% 0.69%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Revenue 2 5 7 10 15 34 58 73 77 80 94 125
Interest 1 1 2 4 6 11 23 30 31 31 37 51
1 2 2 3 4 11 15 18 20 22 32 44
Financing Profit 1 2 2 3 4 11 20 25 26 28 24 30
Financing Margin % 38% 37% 34% 28% 30% 34% 34% 34% 34% 34% 26% 24%
0 0 0 0 0 0 0 0 0 0 0 2
Depreciation 0 0 0 0 0 0 1 2 2 2 3 6
Profit before tax 1 2 2 3 4 11 19 22 24 26 21 26
Tax % 25% 29% 32% 32% 33% 27% 25% 20% 21% 20% 19% 19%
1 1 2 2 3 8 15 18 19 20 17 21
EPS in Rs 0.57 1.05 1.36 1.65 2.08 6.22 11.26 13.82 14.48 15.63 13.12 15.83
Dividend Payout % 0% 0% 18% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 39%
5 Years: 17%
3 Years: 18%
TTM: 33%
Compounded Profit Growth
10 Years: 33%
5 Years: 8%
3 Years: 4%
TTM: 23%
Stock Price CAGR
10 Years: 36%
5 Years: 24%
3 Years: 30%
1 Year: 84%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 16%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 11 11 13 13 13 13 13 13 13 13
Reserves 4 6 3 5 21 29 44 62 81 101 118 146
7 16 25 41 75 167 255 246 286 287 357 491
0 1 1 2 3 9 10 10 14 18 25 19
Total Liabilities 20 30 41 59 112 218 322 331 393 418 513 670
0 0 0 1 1 1 2 4 3 7 24 27
CWIP 0 0 0 0 0 0 0 0 2 5 1 0
Investments 0 0 0 1 0 0 1 9 26 27 12 9
20 30 41 58 111 216 319 317 363 378 476 635
Total Assets 20 30 41 59 112 218 322 331 393 418 513 670

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-11 -8 -10 -13 -24 -90 -66 23 -27 3 -83 -140
-0 0 -0 -2 0 -1 -1 -9 -19 -6 9 -1
11 8 9 16 44 74 89 -9 40 1 73 139
Net Cash Flow -0 1 -1 2 20 -16 21 5 -6 -2 -1 -2

Ratios

Figures in Rs. Crores

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 % 7% 9% 11% 12% 11% 21% 30% 27% 22% 20% 14% 14%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
64.96% 64.96% 64.96% 64.96% 64.95% 68.23% 68.23% 67.83% 67.83% 67.83% 68.55% 67.54%
0.42% 0.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.01% 0.01% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.58% 0.72% 0.00% 0.00%
34.63% 34.91% 35.04% 35.04% 35.05% 31.76% 31.77% 32.17% 31.44% 31.44% 31.43% 32.44%
No. of Shareholders 1,6391,6651,6441,5881,6791,6341,6221,5801,8122,3662,1702,208

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls