Finkurve Financial

₹64 0.9 | 1.5%

WEBSITE BSE:508954 NSE : FINKURVE 18 May, 12:50

Market Cap ₹812 Cr.

Stock P/E 50.5

P/B 4.3

Current Price ₹64

Book Value ₹ 14.9

Face Value 1

52W High ₹103.9

Dividend Yield 0%

52W Low ₹ 46.6

Edit Ratio

Finkurve Financial Research see more...

Overview Inc. Year: 1984Industry: Finance - NBFC

Finkurve Financial Services Ltd operates as a NBFC in India. It gives education, digital micro, and gold loans, in addition to micro, small, and medium companies loans. The organisation also affords forex services, such as on the spot forex and multi-forex travel cards; student foreign exchange solutions, along with student foreign forex, university bills, and student travel cards; money transfer services comprising inward and outward remittance; and different remittance offerings, in addition to travel coverage and other travel related services. In addition, it invests in ventures. The agency turned into previously referred to as Sanjay Leasing Ltd and changed its call to Finkurve Financial Services Ltd in March 2012. Finkurve Financial Services Ltd became incorporated in 1984 and is founded in Mumbai, India.

Finkurve Financial Share Price

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Peer Comparison

Finkurve Financial Quarterly Results

#(Fig in Cr.)	Sep 2017	Dec 2017	Mar 2018	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024
Operating Revenue	3	2	4	8	11	14	17	20	23	23
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	3	2	4	8	11	14	17	20	23	23
Total Expenditure	0	0	1	4	3	7	12	16	16	15
Operating Profit	3	2	3	5	8	7	5	4	7	8
Interest Expense	3	1	1	1	1	1	1	2	1	2
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	1	4	7	6	4	3	6	6
Provision for Tax	0	0	1	1	2	1	1	1	1	2
Profit After Tax	0	0	0	3	5	4	2	2	4	5
Adjustments	-0	-0	-0	0	0	0	0	0	0	-0
Profit After Adjustments	0	0	0	3	5	4	2	2	4	5
Adjusted Earnings Per Share	0	0	0	0.2	0.4	0.3	0.2	0.1	0.3	0.4

Finkurve Financial 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	0	0	2	9	10	12	15	16	20	23	50	83
Other Income	0	0	0	0	0	0	0	0	0	0	4	0
Total Income	0	0	2	9	10	12	15	16	20	23	55	83
Total Expenditure	0	0	0	0	0	2	2	3	7	13	30	59
Operating Profit	-0	-0	2	9	10	11	13	14	13	10	25	24
Interest Expense	0	0	2	8	9	8	12	8	7	3	5	6
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-0	-0	0	1	1	3	1	5	6	27	20	19
Provision for Tax	-0	-0	0	0	0	1	0	1	2	5	5	5
Profit After Tax	-0	-0	0	1	1	2	1	4	5	22	14	13
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-0	-0	0	1	1	2	1	4	5	22	14	13
Adjusted Earnings Per Share	-0	-0	0	0.1	0.1	0.2	0.1	0.3	0.4	1.7	1.1	1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	117%	46%	33%	0%
Operating Profit CAGR	150%	21%	18%	0%
PAT CAGR	-36%	52%	48%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-31%	14%	13%	13%
ROE Average	9%	9%	8%	5%
ROCE Average	12%	11%	11%	9%

Finkurve Financial 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	10	10	10	11	11	13	14	131	136	158	172
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	4	4	69	69	12	0	4	0	5	13
Current Liability	0	0	26	4	12	101	94	69	82	31	51
Other Liabilities & Provisions	-0	-0	-0	-0	0	0	-0	-0	-1	-1	2
Total Liabilities	10	14	40	83	93	126	107	205	217	193	238
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	10	10	10	10	10	10	10	11	12	5	4
Fixed Assets	0	0	0	0	0	0	0	0	0	1	1
Other Loans	0	0	0	0	0	0	0	0	0	0	0
Other Non Current Assets	0	0	0	0	0	0	0	0	0	0	2
Current Assets	0	4	30	73	83	117	97	194	204	187	231
Total Assets	10	14	40	83	93	126	107	205	217	193	238

Finkurve Financial 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	1	0	0	1	1	3	0	1	1	2	3
Cash Flow from Operating Activities	10	-4	-24	-33	8	-30	30	-84	6	29	-20
Cash Flow from Investing Activities	-10	0	-0	-0	-0	-0	-0	-1	-1	28	-1
Cash Flow from Financing Activities	-0	3	25	33	-6	28	-29	85	-4	-56	23
Net Cash Inflow / Outflow	-1	0	1	0	2	-3	1	-0	1	1	2
Closing Cash & Cash Equivalent	0	0	1	1	3	0	1	1	2	3	4

Finkurve Financial 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)	-0.02	-0.03	0.01	0.05	0.06	0.19	0.08	0.32	0.36	1.7	1.13
CEPS(Rs)	-0.02	-0.03	0.02	0.06	0.06	0.19	0.09	0.32	0.37	1.73	1.16
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	1.09	1.05	1.07	1.13	1.19	1.37	1.42	10.36	10.72	12.42	13.55
Net Profit Margin	-369.85	-88.38	7.2	5.58	5.44	14.55	5.26	24.71	22.06	95.27	28.4
Operating Margin	-534.04	-3.02	88.61	96.34	95.31	86.6	85.49	82.29	63.22	133.91	48.67
PBT Margin	-534.04	-121.23	8.74	8.05	7.97	21.36	7.85	32.72	29.76	119.3	38.86
ROA(%)	-1.93	-2.23	0.52	0.85	0.64	1.64	0.67	2.58	2.14	10.53	6.64
ROE(%)	-1.93	-2.59	1.39	4.95	5.05	14.53	5.84	5.55	3.37	14.73	8.7
ROCE(%)	-2.79	-0.07	6.42	14.77	11.73	10.19	11.11	8.63	6.21	15.45	12.11
Price/Earnings(x)	0	0	1105.44	275.74	537.96	276.1	465.64	0	123.56	35.63	62
Price/Book(x)	3.29	17.12	15.18	13.32	26.49	37.38	26.71	0	4.1	4.89	5.17
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	623.28	586.4	94.32	22.86	36.22	49.13	30.66	5.21	30.87	34.86	18.54
EV/Core EBITDA(x)	-117.56	0	105.83	23.53	37.85	56.59	35.76	6.29	48.1	81.46	37.44
Interest Earned Growth(%)	-47.08	448.41	551.04	377.25	9.9	19.09	21.4	8.92	25.3	11	122.35
Net Profit Growth	-7.4	-31.05	153.02	269.65	7.32	218.33	-56.12	411.63	11.87	379.36	-33.72
EPS Growth(%)	-7.41	-30.82	153.07	270.07	7.29	218.33	-56.14	289.69	11.87	379.43	-33.71
Interest Coverage(x) %	0	-0.03	1.11	1.09	1.09	1.33	1.1	1.66	1.89	9.16	4.96

Finkurve Financial Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.86	52.86	52.86	52.86	52.86	54.6	54.6	54.6	54.6	58.99
FII	5.84	5.84	5.84	5.84	5.84	5.84	5.84	5.84	5.84	5.84
DII	0	0	0	0	0	0	0	0	0	0
Public	41.29	41.29	41.29	41.29	41.29	39.55	39.55	39.55	39.55	35.17
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	6.71	6.71	6.71	6.71	6.71	6.93	6.93	6.93	6.93	7.48
FII	0.74	0.74	0.74	0.74	0.74	0.74	0.74	0.74	0.74	0.74
DII	0	0	0	0	0	0	0	0	0	0
Public	5.24	5.24	5.24	5.24	5.24	5.02	5.02	5.02	5.02	4.46
Others	0	0	0	0	0	0	0	0	0	0
Total	12.69	12.69	12.69	12.69	12.69	12.69	12.69	12.69	12.69	12.69

Pros

Company has delivered good profit growth of 47% 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.
Stock is trading at 4.3 times its book value.

* 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.