Satin Creditcare

₹125.4 -2.3 | 1.8%

WEBSITE BSE:539404 NSE : SATIN 23 Mar, 16:01

Market Cap ₹1067 Cr.

Stock P/E -21.0

P/B 0.7

Current Price ₹125.4

Book Value ₹ 181

Face Value 10

52W High ₹174.9

Dividend Yield 0%

52W Low ₹ 85

Edit Ratio

Satin Creditcare Research see more...

EQUITY RESEARCH: SATIN CREDITCARE NETWORK

Overview Inc. Year: 1990Industry: Finance Term Lending

Satin Creditcare Network Ltd is a non-deposit accepting micro finance non-banking financial organization, which is engaged in microfinance activities. The Company operates via finance segment. The Company's products and services encompass agriculture and animal husbandry, buying and selling and service, production and others. The Company additionally gives loans to individual businesses; loans to micro, small and medium firms (MSMEs); product loans for financing purchase of solar lamps, and loans for development of water connection and sanitation facilities. The Company gives its clients income generating loan (IGL) product primarily based on their repayment capability. It operates in Madhya Pradesh, Punjab, Uttar Pradesh, Bihar, Uttarakhand, Rajasthan, Haryana, Gujarat, West Bengal, Maharashtra, Delhi(NCR), Jharkhand, Chhattisgarh, Jammu and Kashmir, Himachal Pradesh and Chandigarh, with a focus on rural and semi-rural regions.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Satin Creditcare Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Operating Revenue	340	320	404	346	325	346	363	345	360	416
Other Income	1	1	2	1	1	2	1	1	1	0
Total Income	341	321	406	347	326	348	364	345	361	416
Total Expenditure	155	265	186	286	154	144	125	463	138	178
Operating Profit	186	56	220	60	172	204	239	-118	223	238
Interest Expense	156	159	163	163	154	155	153	159	145	155
Depreciation	4	3	4	4	4	4	4	3	4	4
Profit Before Tax	26	-106	53	-107	14	46	82	-280	75	79
Provision for Tax	11	-26	15	-26	3	12	25	-70	18	20
Profit After Tax	16	-80	38	-81	11	34	57	-210	57	59
Adjustments	0	0	0	0	0	0	0	0	0	-0
Profit After Adjustments	16	-80	38	-81	11	34	57	-210	57	59
Adjusted Earnings Per Share	2.7	-11.1	5.7	-11.2	1.5	4.7	7.6	-28	7.3	7.1

Satin Creditcare Profit & Loss

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Operating Revenue	801	1032	1443	1501	1376	1377	1484
Other Income	0	136	99	4	9	4	3
Total Income	801	1168	1542	1505	1384	1381	1486
Total Expenditure	322	502	568	686	741	705	904
Operating Profit	480	666	974	818	643	676	582
Interest Expense	436	536	646	589	638	626	612
Depreciation	6	15	13	18	15	16	15
Profit Before Tax	38	116	316	212	-10	34	-44
Provision for Tax	13	41	114	57	4	13	-7
Profit After Tax	25	75	201	155	-14	21	-37
Adjustments	-0	1	-0	0	0	0	0
Profit After Adjustments	25	75	201	155	-14	21	-37
Adjusted Earnings Per Share	6.3	14.9	38.8	28.1	-2.1	2.8	-6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	0%	-2%	11%	0%
Operating Profit CAGR	5%	-11%	7%	0%
PAT CAGR	0%	-53%	-3%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	26%	16%	-19%	NA%
ROE Average	1%	4%	9%	8%
ROCE Average	9%	10%	11%	11%

Satin Creditcare Balance Sheet

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	663	885	1149	1449	1486	1582
Minority's Interest	2	2	0	0	0	0
Borrowings	2023	4376	4784	5354	5969	5015
Current Liability	2062	1036	792	477	573	1049
Other Liabilities & Provisions	4	-93	7	20	-36	-73
Total Liabilities	4755	6206	6732	7300	7993	7573
Loans	816	4847	4549	4941	5811	5308
Investments	0	0	0	0	0	48
Fixed Assets	73	75	81	94	131	126
Other Loans	16	3	5	7	6	6
Other Non Current Assets	175	22	18	39	19	24
Current Assets	3675	1259	2080	2219	2025	2060
Total Assets	4755	6206	6732	7300	7993	7573

Satin Creditcare Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	268	656	453	966	1039	1054
Cash Flow from Operating Activities	-966	-1541	611	-225	-945	336
Cash Flow from Investing Activities	-36	-55	-187	56	226	-51
Cash Flow from Financing Activities	1398	1394	88	243	734	-442
Net Cash Inflow / Outflow	395	-203	512	73	15	-157
Closing Cash & Cash Equivalent	663	453	966	1039	1054	897

Satin Creditcare Ratios

#	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	6.27	14.95	38.84	28.07	-2.1	2.78
CEPS(Rs)	7.81	17.75	41.31	31.25	0.16	4.89
DPS(Rs)	0	0	0	0	0	0
Book NAV/Share(Rs)	159.35	172.07	218.07	261.45	223.33	205.51
Net Profit Margin	3.11	7.25	13.97	10.33	-1.02	1.5
Operating Margin	59.12	63.15	66.68	53.36	45.66	47.94
PBT Margin	4.72	11.23	21.89	14.1	-0.71	2.48
ROA(%)	0.52	1.36	3.11	2.21	-0.18	0.27
ROE(%)	3.95	9.97	20.17	12.05	-0.96	1.37
ROCE(%)	10.47	12.33	15.43	11.94	8.57	8.81
Price/Earnings(x)	53.12	25.02	8.8	2.13	0	36.77
Price/Book(x)	2.09	2.17	1.57	0.23	0.38	0.5
Dividend Yield(%)	0	0	0	0	0	0
EV/Net Sales(x)	5.09	5.73	3.66	2.66	3.48	3.27
EV/Core EBITDA(x)	8.51	8.88	5.42	4.88	7.45	6.66
Interest Earned Growth(%)	0	28.82	39.81	4.04	-8.33	0.07
Net Profit Growth	0	200.11	169.36	-23.09	-109.02	248.04
EPS Growth(%)	0	138.2	159.85	-27.72	-107.5	231.97
Interest Coverage(x) %	1.09	1.22	1.49	1.36	0.98	1.05

Satin Creditcare Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	37.89	38.21	38.21	38.24	38.24	38.26	36.69	36.69	39.97	38
FII	6.67	7.52	7.29	7.24	7.17	6.66	8.47	7.49	6.66	5.87
DII	19.78	12.37	10.42	10.38	10.38	10.38	9.82	9.64	7.19	8.5
Public	35.67	41.9	44.07	44.14	44.21	44.7	45.03	46.18	46.18	47.63
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	2.73	2.75	2.75	2.75	2.75	2.75	2.75	2.75	3.16	3.16
FII	0.48	0.54	0.53	0.52	0.52	0.48	0.64	0.56	0.53	0.49
DII	1.42	0.89	0.75	0.75	0.75	0.75	0.74	0.72	0.57	0.71
Public	2.57	3.02	3.17	3.18	3.18	3.22	3.38	3.46	3.65	3.96
Others	0	0	0	0	0	0	0	0	0	0
Total	7.2	7.2	7.2	7.2	7.2	7.19	7.5	7.5	7.91	8.32