Emerald Finance

₹33.3 0.7 | 2%

WEBSITE BSE:538882 NSE : EMERALD 18 May, 12:50

Market Cap ₹100 Cr.

Stock P/E 23.5

P/B 2.2

Current Price ₹33.3

Book Value ₹ 15.3

Face Value 10

52W High ₹39.5

Dividend Yield 0.3%

52W Low ₹ 18.1

Edit Ratio

Emerald Finance Research see more...

Overview Inc. Year: 1983Industry: Finance - NBFC

Emerald Finance Share Price

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Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

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Peer Comparison

Emerald Finance Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	2	2	2	2	2	3	4	3	3	3
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	2	2	2	2	2	3	4	3	3	3
Total Expenditure	1	1	1	1	1	1	2	1	2	1
Operating Profit	1	1	1	1	1	2	2	1	2	2
Interest Expense	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	1	1	1	1	2	2	1	1	2
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	1	1	1	0	1	1	1	1	1	1
Adjustments	0	0	-0	0	0	-0	-0	0	-0	0
Profit After Adjustments	1	1	1	0	1	1	1	1	1	1
Adjusted Earnings Per Share	0.2	0.3	0.2	0.2	0.2	0.4	0.4	0.3	0.3	0.4

Emerald Finance Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	1	1	2	4	7	8	5	8	12	13
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	1	1	2	4	7	8	5	9	12	13
Total Expenditure	1	1	1	4	5	6	3	5	6	6
Operating Profit	0	0	0	1	2	2	2	4	6	7
Interest Expense	0	0	0	0	0	0	0	1	1	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	0	1	2	2	2	3	5	6
Provision for Tax	0	0	0	0	0	0	0	1	1	0
Profit After Tax	0	0	0	1	1	1	1	2	3	4
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	0	0	1	1	1	1	2	3	4
Adjusted Earnings Per Share	0.1	0.2	0.3	0.8	1	1.1	1.5	0.9	1.1	1.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	50%	14%	25%	0%
Operating Profit CAGR	50%	44%	43%	0%
PAT CAGR	50%	44%	25%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	49%	18%	34%	NA%
ROE Average	9%	9%	10%	8%
ROCE Average	12%	13%	14%	11%

Emerald Finance Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	3	3	4	5	14	15	16	38	43
Minority's Interest	0	0	0	0	0	0	0	1	1
Borrowings	0	0	0	1	1	3	3	4	6
Current Liability	0	0	0	1	1	2	3	4	2
Other Liabilities & Provisions	0	0	0	0	-0	-0	-0	-0	-0
Total Liabilities	3	3	5	7	16	20	23	46	53
Loans	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0
Fixed Assets	0	0	0	0	0	0	0	0	0
Other Loans	0	0	0	0	0	0	0	0	0
Other Non Current Assets	0	0	0	0	0	0	0	0	0
Current Assets	3	3	5	7	16	19	22	45	52
Total Assets	3	3	5	7	16	20	23	46	53

Emerald Finance Cash Flow

#(Fig in Cr.)	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	2	4	2	4	2
Cash Flow from Operating Activities	-0	0	-5	-4	3	-23	2
Cash Flow from Investing Activities	-1	-0	-0	-0	-0	-0	-0
Cash Flow from Financing Activities	2	1	8	1	-0	21	3
Net Cash Inflow / Outflow	0	1	3	-3	2	-2	5
Closing Cash & Cash Equivalent	0	2	4	2	4	2	7

Emerald Finance Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.13	0.15	0.28	0.83	1.03	1.12	1.54	0.85	1.15
CEPS(Rs)	0.14	0.16	0.3	0.86	1.05	1.15	1.58	0.87	1.15
DPS(Rs)	0	0	0	0	0	0.25	0.1	0.1	0.1
Book NAV/Share(Rs)	4.59	4.74	6.15	7.7	12.06	12.79	17.38	12.96	14.36
Net Profit Margin	10.28	13.48	11.1	12.9	17.67	16.5	25.63	29.25	29.99
Operating Margin	14.94	19.87	15.93	18.36	26.71	26.72	43.44	46.1	48.16
PBT Margin	14.88	19.6	15.83	17.39	24.29	20.96	34.78	39.56	40.37
ROA(%)	2.85	3.19	4.77	9.38	10.12	7.23	6.6	7.23	7
ROE(%)	2.92	3.28	5.19	11.99	12.4	9.03	9.16	9.27	8.53
ROCE(%)	4.24	4.84	7.44	15.67	17.16	13.02	13.14	12.76	12.05
Price/Earnings(x)	0	0	71.37	19.96	8.74	7.64	8.08	19.3	20.54
Price/Book(x)	0	0	3.28	2.15	0.75	0.67	0.72	1.27	1.64
Dividend Yield(%)	0	0	0	0	0	2.29	0.8	0.61	0.42
EV/Net Sales(x)	2.81	3.91	7.68	2.36	1.04	1.39	1.81	5.99	6.13
EV/Core EBITDA(x)	18.31	19.08	45.79	12.57	3.84	5.12	4.08	12.76	12.48
Interest Earned Growth(%)	0	-12.7	123.81	152.93	53.27	16.67	-30.46	55.59	36.04
Net Profit Growth	0	14.41	84.38	193.96	109.92	8.9	8.03	77.57	39.49
EPS Growth(%)	0	14.42	84.37	193.96	24.12	8.91	37.38	-44.71	34.41
Interest Coverage(x) %	243.41	72.77	172.13	18.98	11.05	4.64	5.01	7.05	6.19

Emerald Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.26	72.51	70.36	70.36	67.8	67.8	67.8	67.8	67.8	67.8
FII	0	0	0	0	0.66	0.71	0.71	0.71	1.31	1.31
DII	0	0	0	0	0	0	0	0	0	0
Public	26.74	27.49	29.64	29.64	31.54	31.49	31.49	31.49	30.9	30.9
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	2.13	2.11	2.04	2.04	2.04	2.04	2.04	2.04	2.04	2.04
FII	0	0	0	0	0.02	0.02	0.02	0.02	0.04	0.04
DII	0	0	0	0	0	0	0	0	0	0
Public	0.78	0.8	0.86	0.86	0.95	0.95	0.95	0.95	0.93	0.93
Others	0	0	0	0	0	0	0	0	0	0
Total	2.9	2.9	2.9	2.9	3.01	3.01	3.01	3.01	3.01	3.01

Pros

Company has delivered good profit growth of 24% CAGR over last 5 years
Company is almost debt free.

Cons

Company has a low return on equity of 9% 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.