TruCap Finance Ltd

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

TruCap Finance Ltd

₹ 14.4 -1.98%
15 Jan 4:01 p.m.
dhanvarshafinvest.com BSE: 540268 NSE: TRU
About

Incorporated in 1994, TruCap Finance Ltd is
in the business of Fund based activities and Advisory services[1]

Key Points

Business Overview:[1][2]
TCFL (formerly known as Dhanvarsha Finvest Limited) is promoted by Mumbai-headquartered Wilson Group. It is a Non Systematically Important Non Deposit Taking Non Banking Financial Company.
It is a specialized MSME lender which provides access to affordable credit solutions to entrepreneurs. It provides financing options to the relatively under-banked micro, small & medium enterprises (MSME) and low-to-mid income (LMI) groups, offering a range of secured and unsecured financing products. Currently, company has ~96,700+ Customers, ~10.3 Billion Loan
Book, 45+ Lenders, ~128 Branch Network

Website BSE NSE - BE
  • Market Cap ₹ 167 Cr.
  • Current Price ₹ 14.4
  • High / Low ₹ 82.4 / 14.2
  • Stock P/E 15.5
  • Book Value ₹ 19.2
  • Dividend Yield 0.07 %
  • ROCE 11.6 %
  • ROE 5.12 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 0.75 times its book value
  • Company has delivered good profit growth of 38.8% CAGR over last 5 years

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.28%
  • Promoter holding is low: 36.9%
  • Company has a low return on equity of 2.86% over last 3 years.
  • Promoters have pledged 50.3% of their holding.
  • Company has high debtors of 168 days.

* 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 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 17.59 21.43 23.03 25.91 30.32 34.46 32.87 37.97 42.70 39.82 41.41 52.12 57.65
Interest 5.15 7.25 8.45 9.99 12.17 13.75 14.88 17.34 18.16 20.51 22.68 26.14 27.04
8.82 10.46 12.77 13.65 15.74 18.44 15.01 17.26 20.24 22.20 23.78 22.19 26.41
Financing Profit 3.62 3.72 1.81 2.27 2.41 2.27 2.98 3.37 4.30 -2.89 -5.05 3.79 4.20
Financing Margin % 20.58% 17.36% 7.86% 8.76% 7.95% 6.59% 9.07% 8.88% 10.07% -7.26% -12.20% 7.27% 7.29%
0.06 0.06 0.11 0.11 0.06 0.05 0.03 0.00 0.24 9.17 11.54 0.37 0.66
Depreciation 1.03 1.38 1.53 1.66 2.08 1.86 2.11 1.90 1.99 2.99 2.39 2.31 2.24
Profit before tax 2.65 2.40 0.39 0.72 0.39 0.46 0.90 1.47 2.55 3.29 4.10 1.85 2.62
Tax % 32.83% -1.25% 146.15% 120.83% 30.77% 91.30% 46.67% 28.57% 46.67% 13.37% -38.78% 35.14% 61.45%
1.78 2.43 -0.18 -0.15 0.27 0.03 0.48 1.06 1.36 2.85 5.69 1.20 1.01
EPS in Rs 0.23 0.31 -0.02 -0.01 0.02 0.00 0.04 0.09 0.12 0.24 0.49 0.10 0.09
Gross NPA % 3.14%
Net NPA % 2.10%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 19 19 30 76 123 162 191
Interest 5 2 4 24 51 79 96
12 12 22 40 63 83 95
Financing Profit 2 6 4 12 10 -0 0
Financing Margin % 12% 31% 12% 15% 8% -0% 0%
0 0 0 0 1 21 22
Depreciation 0 0 1 5 8 9 10
Profit before tax 2 6 3 7 2 11 12
Tax % 12% 27% 53% 45% 74% 4%
2 4 1 4 1 11 11
EPS in Rs 0.32 0.60 0.17 0.45 0.05 0.94 0.92
Dividend Payout % 16% 3% 6% 2% 18% 1%
Compounded Sales Growth
10 Years: %
5 Years: 53%
3 Years: 76%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 39%
3 Years: 104%
TTM: 267%
Stock Price CAGR
10 Years: %
5 Years: -3%
3 Years: -53%
1 Year: -82%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 15 18 23 23 23
Reserves 13 18 85 154 193 189 201
25 16 81 286 443 686 741
2 2 6 13 13 23 14
Total Liabilities 54 48 186 472 671 921 979
1 3 11 23 24 31 49
CWIP 1 0 4 24 29 23 0
Investments 0 1 11 26 49 28 31
52 44 160 399 570 839 898
Total Assets 54 48 186 472 671 921 979

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 13 -80 -185 -151 -212
2 -4 -34 -73 -66 30
-3 -11 145 284 197 245
Net Cash Flow 1 -2 31 26 -21 63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 14% 2% 3% 0% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.35% 65.14% 67.00% 65.34% 60.25% 58.44% 53.57% 50.77% 46.84% 47.38% 42.14% 36.87%
4.11% 2.83% 3.43% 3.06% 8.45% 8.45% 8.57% 8.13% 8.43% 9.70% 10.70% 8.42%
0.10% 0.09% 0.08% 0.07% 0.07% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 1.07%
35.44% 31.94% 29.49% 31.53% 31.24% 33.04% 37.86% 41.10% 44.72% 42.92% 47.16% 53.66%
No. of Shareholders 2,7125,5497,98010,54310,02810,4879,84211,97014,57817,19318,72725,061

* 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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