Finance
Valuation | |
|---|---|
| Market Cap | 1.76 kCr |
| Price/Earnings (Trailing) | 9.12 |
| Price/Sales (Trailing) | 0.61 |
| EV/EBITDA | -0.09 |
| Price/Free Cashflow | -2.78 |
| MarketCap/EBT | 7.39 |
| Enterprise Value | 0.00 |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 3.2% |
| Price Change 1M | 6.6% |
| Price Change 6M | 11.4% |
| Price Change 1Y | 8.8% |
| 3Y Cumulative Return | 3% |
| 5Y Cumulative Return | 15.3% |
| 7Y Cumulative Return | -5.8% |
| 10Y Cumulative Return | -8.5% |
| Revenue (TTM) |
| 2.88 kCr |
| Rev. Growth (Yr) | 9.5% |
| Earnings (TTM) | 192.06 Cr |
| Earnings Growth (Yr) | 404.3% |
Profitability | |
|---|---|
| Operating Margin | 8% |
| EBT Margin | 8% |
| Return on Equity | 7.33% |
| Return on Assets | 1.49% |
| Free Cashflow Yield | -35.91% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -45.39 Cr |
| Cash Flow from Operations (TTM) | -563.4 Cr |
| Cash Flow from Financing (TTM) | 913.81 Cr |
| Cash & Equivalents | 1.89 kCr |
| Free Cash Flow (TTM) | -582.9 Cr |
| Free Cash Flow/Share (TTM) | -52.77 |
Balance Sheet | |
|---|---|
| Total Assets | 12.85 kCr |
| Total Liabilities | 10.23 kCr |
| Shareholder Equity | 2.62 kCr |
| Net PPE | 97.19 Cr |
| Inventory | 0.00 |
| Goodwill | 33.71 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | -0.8 |
| Interest/Cashflow Ops | 0.49 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 32.7% |
Momentum: Stock price has a strong positive momentum. Stock is up 6.6% in last 30 days.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Underperforming stock! In past three years, the stock has provided 3% return compared to 13% by NIFTY 50.
Dividend: Stock hasn't been paying any dividend.
Dilution: Company has a tendency to dilute it's stock investors.
Momentum: Stock price has a strong positive momentum. Stock is up 6.6% in last 30 days.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Underperforming stock! In past three years, the stock has provided 3% return compared to 13% by NIFTY 50.
Dividend: Stock hasn't been paying any dividend.
Dilution: Company has a tendency to dilute it's stock investors.
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 17.46 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 62.62 |
| RSI (5d) | 68.23 |
| RSI (21d) | 66.4 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of SATIN CREDITCARE NETWORK's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook for Satin Creditcare Network Limited, emphasizing resilience and sustainable growth in a challenging operating environment. Key highlights include:
Financial Performance: The company reported a 7% year-on-year growth, achieving an AUM of INR 11,482 crores. Consolidated AUM grew by 10% year-on-year to INR 13,341 crores. The credit cost over the past six years averaged 3.3%, with a return on assets (ROA) of 2.1% on a standalone basis.
Proactive Strategies: Satin Creditcare raised INR 7,151 crores over the first nine months of FY26 and added 363 branches. It aims to improve credit costs from 4.6% in FY25 to around 4% by FY26, supported by tighter underwriting and enhanced customer engagement.
Technological Innovations: The acquisition of a 51% stake in QTrino Labs aims to strengthen cybersecurity measures, reflecting the company's commitment to innovation.
Sustainability and Governance: The company received a score of 59 in its first S&P Global Corporate Sustainability Assessment, underscoring its commitment to responsible financing and governance.
Expansion Plans: The distribution network expanded to 1,987 branches across 558 districts. Management intends to deepen existing market presence while exploring new geographies, including Kerala.
Subsidiary Growth: Satin Housing Finance saw a 26.3% AUM growth reaching INR 1,101 crores, and Satin Finserv grew by 58.4% to INR 759 crores.
Outlook on Credit Costs and ROA/ROE: Management expressed confidence in reducing credit costs further while guiding for improved ROA and ROE in FY27.
Major Initiatives and Risks: The introduction of natural calamity insurance and a credit guarantee fund for micro units reflects steps taken to mitigate portfolio risks.
Overall, management emphasized a cautious yet ambitious approach to growth, ensuring long-term value creation while navigating industry headwinds.
Understand SATIN CREDITCARE NETWORK ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Trishashna Holdings & Investments Private Limited | 34.32% |
| Florintree Ventures LLP | 11.14% |
| Rajsonia Consultancy Services Private Limited | 3.22% |
| Linkage Securities Private Limited | 2.91% |
| Bhawani Finvest Pvt Ltd | 2.89% |
| Icici Prudential Life Insurance Company Limited | 1.87% |
Detailed comparison of SATIN CREDITCARE NETWORK against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| CREDITACC | CreditAccess Grameen | 20.66 kCr | 5.87 kCr | -2.80% | +20.90% | 42.52 | 3.52 | - | - |
| MASFIN | MAS Financial Services | 5.69 kCr |
Comprehensive comparison against sector averages
SATIN metrics compared to Finance
| Category | SATIN | Finance |
|---|---|---|
| PE | 9.12 | 17.36 |
| PS | 0.61 | 3.28 |
| Growth | 9.7 % | 12.9 % |
Satin Creditcare Network Limited, a non-banking finance company, provides micro finance services in India. The company offers microcredit to economically active women in rural, semi-urban, and urban regions; loans for income generating purposes, such as agriculture, transportation, trading, and production related business activities; water and sanitation loans; and specialized loans for clean energy, transportation, potable water, and various business needs. It also offers financing solutions for solar energy, purchase of bicycles, home appliances, and mobile phones for small businesses and individuals; and micro, small, and medium enterprise loans for traders, retail and wholesale merchants, manufacturers, service providers, self-employed professionals, education ventures, and agribusinesses, as well as housing loans. The company was formerly known as Satin Leasing & Finance Private Limited and changed its name to Satin Creditcare Network Limited in April 2000. Satin Creditcare Network Limited was incorporated in 1990 and is headquartered in Gurugram, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
SATIN vs Finance (2021 - 2026)
Question 1: Could the management please elaborate on the rationale behind maintaining relatively high liquidity on the balance sheet? Will you keep such high liquidity going ahead?
Answer: I acknowledge that our high liquidity was a deliberate strategy due to challenging industry headwinds. Maintaining such liquidity was prudent during uncertain times. However, this will not be our norm; we aim to reduce it as conditions stabilize. Currently, we average around INR 1,500-1,600 crores of liquidity, equivalent to about 45 days of disbursement, but quarter-end figures are elevated due to funding patterns.
Question 2: What factor has Satin attributed to the reduction of cost of borrowing by almost 200 basis points quarter-on-quarter? Is lower cost borrowing passed to customers?
Answer: The reduction is largely due to falling repo rates, which allowed us to lower our cost of funds, paired with our strong portfolio quality. I should clarify that while costs decreased, the 200 bps is relative due to last quarter's inflated rates caused by MTM gains. Therefore, while borrowing costs are lower now, we'll pass any continuous reductions to customers, maintaining stable net interest margins.
Question 3: Can you provide guidance on cost-to-income ratio for quarter 4 and ROA, ROE growth for this quarter and next year?
Answer: We aim to reduce credit costs from 4.6% last year to about 4% this year. As for ROA and ROE, we will focus on achieving improvements, ensuring they align with our credit cost targets. While I cannot provide specific cost-to-income guidance, improved ROA should correlate with better cost-income ratios. Subsidiaries may have lower ROAs now as they expand.
Question 4: What percentage of our AUM is currently under CGFMU scheme?
Answer: Currently, we do not have any AUM under the CGFMU scheme since we're awaiting further approvals for the credit guarantee component. Right now, we offer natural calamity insurance to our borrowers. Once we have clarity on CGFMU, we will integrate it into our AUM strategy.
Question 5: Are we comfortable to accelerate for high disbursals?
Answer: We're targeting an AUM growth of 10%-15%, which aligns with our expansion ambitions. Our existing branches are performing well, and with the increased capacity, we are prepared to facilitate accelerated disbursals while ensuring effective credit management.
Question 6: What are your thoughts on the MFI industry as it improves? What is the AUM guidance for next year?
Answer: While I can't provide specific guidance yet, we anticipate AUM growth of 10%-15% next year. The industry is recovering, and we believe the headwinds have eased. Our cautious approach emphasizes strong underwriting and asset quality, which supports sustainable growth.
Question 7: Is there any timeline for when claims under CGFMU can be submitted?
Answer: We're still awaiting the government to launch the CGFMU guarantee scheme. Once it is announced, we can quickly understand and implement it in our process. I am hopeful this will occur early in the new fiscal year.
Question 8: Is there anything concerning about the SIR issue around West Bengal?
Answer: As of now, I assure you there are no concerns regarding the SIR issue in West Bengal or any other regions. Our collection efficiencies are solid, and we've successfully maintained strong performance across our top states.
| Massachusetts Institute Of Technology |
| 1.81% |
| Trust Team Investors Limited | 1.34% |
| Taco Consultants Private Limited | 1.18% |
| Anureet HP Singh | 0.66% |
| Late Harbans Singh | 0.37% |
| Satvinder Singh | 0.35% |
| Wisteria Holdings & Investments Private Limited | 0.29% |
| Neeti Singh | 0.18% |
| H P Singh | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 1.9 kCr |
| -7.30% |
| +23.20% |
| 16.14 |
| 3 |
| - |
| - |
| FUSION | FUSION FINANCE | 3.05 kCr | 1.84 kCr | +6.80% | +7.40% | -1.97 | 1.66 | - | - |
| SPANDANA | Spandana Sphoorty Financial | 2.22 kCr | 1.21 kCr | -4.10% | -23.60% | -1.6 | 1.84 | - | - |
| 0% |
| 173 |
| 173 |
| 162 |
| 168 |
| 150 |
| 143 |
| Finance costs | -16% | 289 | 344 | 297 | 264 | 268 | 266 |
| Depreciation and Amortization | 22% | 8.15 | 6.86 | 6.21 | 7.58 | 7.3 | 6.7 |
| Impairment on financial instruments | -8.5% | 131 | 143 | 143 | 110 | 203 | 137 |
| Other expenses | 1.8% | 58 | 57 | 47 | 55 | 45 | 42 |
| Profit Before exceptional items and Tax | 35.3% | 93 | 69 | 58 | 18 | 15 | 62 |
| Total profit before tax | 35.3% | 93 | 69 | 58 | 18 | 15 | 62 |
| Current tax | 99% | 0.96 | -3.17 | 23 | -11.43 | 3.56 | 37 |
| Deferred tax | 5.6% | 20 | 19 | -10.13 | 7.76 | -2.87 | -20.36 |
| Tax expense | 33.3% | 21 | 16 | 13 | -3.66 | 0.69 | 17 |
| Total profit (loss) for period | 36.5% | 72 | 53 | 45 | 22 | 14 | 45 |
| Other comp. income net of taxes | 87% | 0.36 | -3.91 | -16.88 | -33.2 | -1.25 | -10.88 |
| Total Comprehensive Income | 47.9% | 72 | 49 | 28 | -11.31 | 13 | 34 |
| Earnings Per Share, Basic | 44.6% | 6.54 | 4.83 | 4.1 | 1.99 | 1.3 | 4.06 |
| Earnings Per Share, Diluted | 44.6% | 6.54 | 4.83 | 4.1 | 1.99 | 1.3 | 4.06 |
| Debt equity ratio | 0% | 0.0371 | 0.0371 | 0.0364 | 0.0349 | 0.0338 | 0.03 |
| -54.2% |
| 12 |
| 25 |
| 21 |
| 24 |
| 42 |
| 71 |
| Other revenue from operations | -79.6% | 1.87 | 5.27 | 2.44 | 3.03 | 2.05 | 1.86 |
| Other income | 165.1% | 3.28 | 1.86 | 0.49 | 0.23 | 2.05 | 1.33 |
| Total Expenses | 44.4% | 2,144 | 1,485 | 1,421 | 1,203 | 1,283 | 1,188 |
| Employee Expense | 38.6% | 507 | 366 | 316 | 324 | 281 | 297 |
| Finance costs | 14.1% | 950 | 833 | 576 | 602 | 618 | 574 |
| Depreciation and Amortization | 21.1% | 24 | 20 | 16 | 13 | 13 | 15 |
| Impairment on financial instruments | 251% | 503 | 144 | 402 | 175 | 275 | 189 |
| Other expenses | 31.4% | 160 | 122 | 110 | 88 | 89 | 113 |
| Profit Before exceptional items and Tax | -58.9% | 233 | 566 | 341 | 59 | -9.76 | 213 |
| Total profit before tax | -58.9% | 233 | 566 | 341 | 59 | -9.76 | 213 |
| Current tax | 16.7% | 78 | 67 | -0.3 | 31 | 50 | 55 |
| Deferred tax | -183% | -61.25 | 76 | 77 | -12.19 | -45.84 | 2.15 |
| Tax expense | -89.4% | 16 | 143 | 77 | 19 | 3.79 | 57 |
| Total profit (loss) for period | -48.8% | 217 | 423 | 264 | 40 | -13.55 | 156 |
| Other comp. income net of taxes | -3868.9% | -41.07 | -0.06 | -19.05 | -29.22 | -34.74 | 45 |
| Total Comprehensive Income | -58.8% | 175 | 423 | 245 | 11 | -48.29 | 201 |
| Reserve excluding revaluation reserves | - | 2,733 | - | - | 1,532 | - | 1,401 |
| Earnings Per Share, Basic | -55.5% | 19.69 | 43.01 | 33.79 | 5.76 | -2.19 | 30.69 |
| Earnings Per Share, Diluted | -54.4% | 19.69 | 41.97 | 32.3 | 5.29 | -2.19 | 30.52 |
| Debt equity ratio | 0% | 0.0277 | 0.0273 | 0.0287 | 0.0344 | 0.0409 | - |
| 259.4% |
| 24 |
| 7.4 |
| 1.81 |
| 1.81 |
| 57 |
| 33 |
| Investment property | -3% | 5.86 | 6.01 | 6.16 | 6.32 | 6.48 | 6.64 |
| Property, plant and equipment | 1.1% | 89 | 88 | 89 | 86 | 84 | 83 |
| Capital work-in-progress | 0% | 0.3 | 0.3 | 0 | - | 0 | - |
| Total non-financial assets | 16.3% | 158 | 136 | 124 | - | - | - |
| Total assets | 10.6% | 12,038 | 10,886 | 10,612 | 10,083 | 9,140 | 7,645 |
| Equity share capital | 0% | 110 | 110 | 110 | 110 | 99 | 85 |
| Total equity | 2.6% | 2,917 | 2,843 | 2,798 | 2,667 | 2,178 | 1,914 |
| Debt securities | -20.5% | 1,322 | 1,663 | 1,709 | 1,014 | 819 | 1,091 |
| Borrowings | 21.1% | 7,036 | 5,808 | 5,519 | 5,855 | 5,665 | 4,005 |
| Subordinated liabilities | -49.8% | 165 | 328 | 328 | 328 | 280 | 351 |
| Total financial liabilities | 13.1% | 9,051 | 8,003 | 7,708 | - | - | - |
| Current tax liabilities | - | 0 | - | 42 | 2.35 | 0 | - |
| Provisions | 33.3% | 21 | 16 | 16 | 8.35 | 7.99 | 7.04 |
| Total non financial liabilities | 74.4% | 69 | 40 | 105 | - | - | - |
| Total liabilities | 13.4% | 9,120 | 8,043 | - | 7,416 | 6,962 | 5,732 |
| Total equity and liabilities | 10.6% | 12,038 | 10,886 | 10,612 | 10,083 | 9,140 | 7,645 |
| 134.4% |
| 76 |
| 33 |
| 34 |
| 39 |
| - |
| - |
| Other inflows/outflows of cash | 40.9% | -1,267.35 | -2,144.01 | -941.71 | 441 | - | - |
| Net Cashflows From Operating Activities | 85.5% | -258.11 | -1,783.84 | -736.48 | 465 | - | - |
| Proceeds from sales of PPE | -315.2% | -0.91 | 0.54 | 0.31 | 0.37 | - | - |
| Purchase of property, plant and equipment | 50% | 16 | 11 | 7.98 | 4.68 | - | - |
| Dividends received | - | 0.12 | 0 | 0 | 0.03 | - | - |
| Other inflows/outflows of cash | -220.9% | -14.72 | 14 | -63.69 | -44.24 | - | - |
| Net Cashflows From Investing Activities | -18.6% | -103.01 | -86.73 | -111.35 | -54.61 | - | - |
| Proceeds from issuing shares | -100.3% | 0 | 331 | 62 | 55 | - | - |
| Proceeds from issuing debt etc | 29.8% | 633 | 488 | 282 | 296 | - | - |
| Proceeds from borrowings | -34% | 4,049 | 6,138 | 3,962 | 3,011 | - | - |
| Repayments of borrowings | -18.4% | 4,025 | 4,933 | 4,094 | 3,976 | - | - |
| Payments of lease liabilities | 22.2% | 12 | 10 | 6.15 | 2.21 | - | - |
| Net Cashflows From Financing Activities | -68% | 645 | 2,014 | 206 | -566.51 | - | - |
| Net change in cash and cash eq. | 99.3% | 284 | 143 | -641.47 | -155.97 | - | - |