CSL Finance

₹415.4 3.6 | 0.9%

WEBSITE BSE:530067 NSE : CSLFINANCE 18 May, 12:50

Market Cap ₹946 Cr.

Stock P/E 14.4

P/B 2

Current Price ₹415.4

Book Value ₹ 208.6

Face Value 10

52W High ₹517.2

Dividend Yield 0.6%

52W Low ₹ 195.6

Edit Ratio

CSL Finance Research see more...

Overview Inc. Year: 1992Industry: Finance - NBFC

CSL Finance Ltd, formerly Consolidated Securities Ltd, is an India-based NBFC. The Company engaged in lending and allied services, and working in securities and other economic assets. It operates in two segments: Proprietary Investments and Secured Lending. Under the Secured Lending section, the Company's services include a product dependent to suit the short term desires of small and mid size businesses. Under the Proprietary Investments segment, the Company trades in risk arbitrage opportunities arising in the stock marketplace, along with open offers, demergers, buybacks and delistings. The Company lends to the small or medium sized real-estate region and infrastructure improvement region entities. The Company is engaged in shopping for and selling in stocks, debentures, bonds and all varieties of securities, and lending, advancing and making deposits to company, organization, individual or affiliation, with or without security.

CSL Finance Share Price

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Peer Comparison

CSL Finance Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	19	23	25	27	31	34	35	38	45	47
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	19	23	25	27	31	34	35	39	46	47
Total Expenditure	4	5	6	7	8	8	8	9	10	10
Operating Profit	15	18	19	21	24	26	28	29	35	37
Interest Expense	3	4	5	5	7	9	9	9	11	13
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	12	14	14	15	16	16	18	20	24	23
Provision for Tax	3	3	4	4	4	5	5	5	7	5
Profit After Tax	9	11	11	11	12	12	13	15	17	19
Adjustments	0	0	0	-0	0	0	0	0	0	0
Profit After Adjustments	9	11	11	11	12	12	13	15	17	19
Adjusted Earnings Per Share	4.7	5.3	5.2	5.5	5.9	5.9	6.5	6.6	7.5	8.3

CSL Finance Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	106	113	93	44	40	41	60	61	62	75	117	165
Other Income	1	2	1	0	0	0	0	0	0	0	0	0
Total Income	106	115	94	45	41	41	60	61	62	75	118	167
Total Expenditure	99	104	80	25	13	9	12	18	15	19	28	37
Operating Profit	7	11	14	20	27	32	48	43	47	56	90	129
Interest Expense	1	1	1	1	3	6	12	11	7	11	27	42
Depreciation	0	0	0	0	0	0	0	1	1	1	1	0
Profit Before Tax	6	10	12	18	24	26	36	32	39	45	62	85
Provision for Tax	2	3	4	5	7	8	11	9	12	11	16	22
Profit After Tax	4	7	8	13	16	18	25	22	28	33	46	64
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	4	7	8	13	16	18	25	22	28	33	46	64
Adjusted Earnings Per Share	3.2	5.1	5.7	9.3	11.7	10.2	13.6	12.3	15	16.5	22.5	28.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	56%	24%	23%	1%
Operating Profit CAGR	61%	28%	23%	29%
PAT CAGR	39%	28%	21%	28%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	92%	74%	33%	43%
ROE Average	13%	12%	12%	12%
ROCE Average	14%	13%	14%	15%

CSL Finance Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	70	77	85	98	114	184	215	233	259	321	363
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	37	35	40	45	186	377
Current Liability	13	6	5	12	34	67	89	59	43	24	39
Other Liabilities & Provisions	0	0	0	0	0	0	1	-1	-1	-1	-1
Total Liabilities	83	83	90	110	149	288	339	331	347	531	778
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	18	15	4	1	0	1	0	0	0	0	0
Fixed Assets	0	1	0	1	1	1	2	3	3	6	7
Other Loans	0	10	0	0	0	116	238	1	0	0	0
Other Non Current Assets	0	0	0	0	0	0	0	0	0	0	0
Current Assets	64	59	86	109	147	170	99	327	343	525	770
Total Assets	83	83	90	110	149	288	339	331	347	531	778

CSL Finance Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	1	2	2	1	10	3	7	12	18	13
Cash Flow from Operating Activities	-4	6	-3	-19	-13	-109	5	33	22	-158	-167
Cash Flow from Investing Activities	-6	4	7	12	4	-1	-1	-0	-0	-3	-2
Cash Flow from Financing Activities	10	-9	-3	6	18	102	3	-27	-17	157	196
Net Cash Inflow / Outflow	1	1	0	-1	9	-8	7	5	5	-5	27
Closing Cash & Cash Equivalent	1	2	2	1	10	3	10	12	18	13	40

CSL Finance Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.22	5.13	5.69	9.3	11.69	10.21	13.59	12.28	14.96	16.53	22.55
CEPS(Rs)	3.27	5.18	5.76	9.36	11.77	10.29	13.72	12.69	15.29	16.86	23.06
DPS(Rs)	0	0	0	0	1	1.5	2	2	3	2.5	2.5
Book NAV/Share(Rs)	52.54	55.06	60.73	70.03	81.32	102.49	115.67	126.65	140.52	157.9	177.87
Net Profit Margin	3.97	6.38	8.58	29.42	40.62	43.71	42.28	36.93	44.64	44.82	38.92
Operating Margin	6.8	9.78	14.44	44.89	67.01	77.95	80.48	69.66	75.38	74.42	75.66
PBT Margin	5.64	8.84	13.17	41.67	58.84	62.34	60.43	52.16	63.82	59.97	52.48
ROA(%)	5.62	8.65	9.22	13.02	12.68	8.29	8.02	6.7	8.12	7.62	6.97
ROE(%)	6.46	9.87	9.82	14.22	15.45	12.22	12.72	10.08	11.23	11.57	13.43
ROCE(%)	9.67	13.47	15.89	20.42	21.43	14.95	15.38	12.75	13.87	12.8	13.69
Price/Earnings(x)	2.55	1.5	3.16	2.52	7.44	19.11	7.53	4.58	5.64	10.62	8.52
Price/Book(x)	0.16	0.14	0.3	0.33	1.07	1.9	0.88	0.44	0.6	1.11	1.08
Dividend Yield(%)	0	0	0	0	0.38	0.26	0.65	1.18	1.19	1.42	1.3
EV/Net Sales(x)	0.21	0.12	0.27	0.93	3.53	10.76	5.07	3.02	3.52	7.28	6.4
EV/Core EBITDA(x)	3.07	1.22	1.89	2.05	5.24	13.74	6.27	4.26	4.6	9.67	8.37
Interest Earned Growth(%)	-54.23	6.78	-17.57	-52.34	-8.93	2.34	43.86	2.28	1.34	21	57.1
Net Profit Growth	2.07	71.31	10.92	63.45	25.74	10.1	39.15	-10.66	22.49	21.51	36.41
EPS Growth(%)	-13.74	59.42	10.92	63.45	25.74	-12.68	33.17	-9.62	21.79	10.51	36.37
Interest Coverage(x) %	5.84	10.38	11.38	13.95	8.2	4.99	4.01	3.98	6.52	5.15	3.26

CSL Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	57.5	51.33	51.33	51.33	51.33	51.34	51.47	47.71	47.71	47.71
FII	0	0	0	0	0	0	0.02	0.04	1.47	2.22
DII	0	0	0	0	0	0	1.01	1.22	1.23	1.23
Public	42.5	48.67	48.67	48.67	48.67	48.66	47.51	51.03	49.59	48.84
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.06	1.06	1.06	1.06	1.06	1.06	1.07	1.09	1.09	1.09
FII	0	0	0	0	0	0	0	0	0.03	0.05
DII	0	0	0	0	0	0	0.02	0.03	0.03	0.03
Public	0.79	1.01	1.01	1.01	1.01	1.01	0.98	1.16	1.13	1.11
Others	0	0	0	0	0	0	0	0	0	0
Total	1.85	2.07	2.07	2.07	2.07	2.07	2.07	2.28	2.28	2.28

Pros

Cons

Promoter holding is low: 47.71%.
Company has a low return on equity of 12% over the last 3 years.

* 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.