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Satin Creditcare Network Ltd share Price Today

Company details

233.50
241.60
168.50
283.55
6M Return -11.82%
1Y Return 28.45%
Mkt Cap.(Cr) 2,588.89
Volume 382,955
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 382,955

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Finance company Satin Creditcare Network announced FY24 results:

Financial Highlights:

Consolidated:
• Robust client addition of 6.3 Lakhs; client base reached 34.7 Lakhs
• Disbursed > Rs 10,000 crore during the year; highest ever yearly disbursement
• Highest ever profitability; PAT of Rs 436 crore
• Healthy mix of Secured and Unsecured asset classes; 12% secured and 88% unsecured
• Raised Rs 9,969 crore through various instruments
• Reduction in Opex ratios with operating efficiencies playing out; Opex to Avg AUM at 5.8% vs 6.3% in FY23 and Cost to Income at    45.4% as compared to 56.5% in FY23

Standalone:
• Forayed into 2 new states, Andhra Pradesh and Telangana, during the year; most diversified amongst the peers with a presence in 26 states & UTs
• Robust client addition of 7.8 Lakhs; client base reached 33.4 Lakhs
• Highest ever profitability; PAT of Rs 423 crore; up by 60%
• Consistent Collection Efficiency; stood at 98.5%
• Improvement in Opex ratios with operating efficiencies playing out; Opex to Avg AUM at 5.6% vs 6.3% in FY23 and Cost to Income at 42.6% as compared to 54.3% in FY23
• Successfully completed equity infusion of Rs 250 crore via QIP
• Received highest ratings; “AA” ESG Rating and Gold level certification in Client Protection Principles 

Commenting on the performance, HP Singh, Chairman cum Managing Director of Satin Creditcare Network Limited, said, “Reflecting on our performance in FY24 fills us with immense pride as we recognize the exceptional standard of excellence we have upheld across all metrics. This past year was not only about achieving milestones; it was a transformative journey where we redefined what's possible and advanced our inclusive charter with unwavering dedication. This includes surpassing the guided range of our annual performance targets on almost every parameter, robust growth in AUM that is now reaching close to Rs 12,000 crore, long-term credit rating upgrade to A (Stable) from A- (Stable) by ICRA, successful completion of equity infusion of Rs 250 crore via QIP, receiving the highest “AA” ESG rating and Gold Level certification for Client Protection Principles, being awarded with the latest standard of ISO 27001:2022 for Information Security, and raising funds close to Rs 10,000 crore.

Our consolidated gross loan portfolio grew by 30% YoY to Rs 11,850 crore at the end of March 2024. We added nearly 6.3 Lakhs new borrowers, resulting in a borrower base of 34.7 Lakhs. We recorded our highest yearly disbursement of more than Rs 10,000 crore, up by 30% Y-o-Y. Our profitability touched a new milestone as we recorded a PAT of Rs 436 crore.

In alignment with our mission to foster financial inclusion and uplift the underserved segments of our nation, we've opened 158 new branches on a standalone basis and forayed into two new states, Andhra Pradesh and Telangana, extending our geographical presence to 26 states and UTs.

In our drive towards ensuring technological efficiency and fraud prevention, we’ve taken a smart step forward in the FY24. We have successfully implemented e-sign through IRIS, marking a significant advancement in our efforts to streamline processes and underscoring our dedication to staying ahead in an ever-evolving landscape of technology.

As we embark on the next chapter of our journey, we remain optimistic about demonstrating good growth in the years to come and being at the forefront, making meaningful differences and fulfilling rural aspirations with our diversified financial services.”

Result PDF

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Satin Creditcare Network Ltd shares SWOT Analysis

Strengths (7)

  • Strong Annual EPS Growth
  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (2)

  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 239.5
R2 244.6
R3 247.6
Pivot

236.48

S1 231.4
S2 228.4
S3 223.3
EMA SMA
235.8
235.8
236.5
229.1
231.3
238.9
236.7
240.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-05 268 679923 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-05 268 679923 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-02 269.1 1317313 NSE
Name Category Shares
Anureet HP Singh PROMOTER 0.66%
Trishashna Holdings & Investments Private Limited PROMOTER 34.32%

FINANCIALS

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Operating Profit
Profit after Tax
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Satin Creditcare Network Ltd Stocks COMPARISON

Financials( in Cr) Satin Creditcare Network Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Jio Financial Services Ltd
Price 234.35 7,081.85 1,587.65 176.87 355.35
% Change -3.05 -0.73 0.55 0.31 -1.54
Mcap Cr 2,588.89 438,363.68 253,307.81 231,142.67 225,763.95
Revenue TTM Cr 1,557.29 41,398.35 82,071.70 23,891.95 44.84
Net Profit TTM Cr 4.81 11,507.69 12,209.54 6,337.01 31.25
PE TTM 5.94 30.33 31.10 36.01 140.43
1 Year Return 28.45 -1.72 4.50 435.16 42.77
ROCE 8.37 11.76 12.69 5.32 0.03
ROE 0.30 23.46 28.18 14.66 0.02
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,598.86 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49
Satin Creditcare Network Limited - Press Release

Jun 24, 2024 l NSE Announcement

Board Meeting for Today

Jun 24, 2024 l Board Meetings for Today

NSE Board Meetings Forthcomming

Jun 24, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
No data found

Satin Creditcare Network Ltd Information

Stock PE (TTM)
5.94
Promoter Holding
36.17%
Book Value
217.3676
ROCE
8.37%
ROE
0.3%
Description
  • Satin Creditcare Network, established in 1990, offers a diverse range of financial products and services to empower and support low-income communities. The organisation provides collateral-free microcredit facilities to economically active women in rural and semi-urban areas with limited access to mainstream financial service providers and personal and small business loans. In 1998, the company was registered as an NBFC with the RBI. The company has operations in more than 23 states and more than 8,000 employees, and 1,000 branches across India. Its corporate office is in Gurugram, Haryana.

    On 10 February 2023, the market capitalisation of the company was Rs 1,203.84 crore. It reported a total income of Rs 703.30 crore at the end of the second quarter of the financial year 2022-2023. The company is listed on the Bombay Stock Exchange with the code 890149 and on the National Stock Exchange under the code SATINPP1.  

    Satin Creditcare has a diversified shareholding pattern, with promoters holding approximately 38.00% of the company. The public has a stake of 51.02% in the company. FIIs hold a stake of 7.67% in the company, while DIIs hold a stake of 3.31%. The shareholding pattern of the company has remained largely stable over the past year.

    H P Singh is the current managing director of the company. Other directors of the company include Satvinder Singh, Christian B Ramm, Anil Kumar Kalra, Goh Colin, Sangeeta Khorana, Sanjay Kumar Bhatia, and Sundeep Kumar Mehta. The chief financial officer of Satin Creditcare is Rakesh Sachdeva. The company’s auditors are S S Kothari Mehta & Co and Walker Chandiok & Co. LLP. 

    On 10 February 2023, Satin Creditcare’s share price was Rs 143.3 on the BSE and Rs 143.5 on the NSE. The company’s 52-week-high was Rs 173.40, while the 52-week-low was Rs 81.55. Its three-month return to investors was 1.01%%, while its one-year return was 42.25%.

    As of December 2023, Aditya Birla SL Small Cap Direct-G had an investment of Rs 41.9 crore in the company.

    In the quarter ended December 2022, the company saw a total income of Rs 415.96 crore. The income growth of the company was 15.3%.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

5th Flr Kundan Bhavan Azadpur, Commercial Complex, New Delhi, New Delhi, 110033

Tel : 91-11-47545000
Email : secretarial:satincreditcare.com
Website : http://www.satincreditcare.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539404
NSE Code : SATIN
Book Closure Date (Month) :
BSE Group : B
ISIN : INE836B01017

FAQ’s on Satin Creditcare Network Ltd Shares

You can buy Satin Creditcare Network Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Satin Creditcare Network Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of Satin Creditcare Network Ltd was Rs.234.35.

The latest PE ratio of Satin Creditcare Network Ltd as of Jun 24, 2024 03:59 PM is 5.94

The latest PB ratio of Satin Creditcare Network Ltd as of Jun 24, 2024 03:59 PM is 0.93

The 52-week high of Satin Creditcare Network Ltd share price is Rs. 283.55 while the 52-week low is Rs. 168.50

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 24, 2024 03:59 PM, the market cap of Satin Creditcare Network Ltd stood at Rs. 2,588.89 Cr.

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