First Fintec

₹8.3 -0.4 | 4.2%

WEBSITE BSE:532379 NSE : FIRSTFIN 18 May, 10:00

Market Cap ₹9 Cr.

Stock P/E 137.0

P/B 0.8

Current Price ₹8.3

Book Value ₹ 10.3

Face Value 10

52W High ₹9

Dividend Yield 0%

52W Low ₹ 3.9

Edit Ratio

First Fintec Research see more...

Overview Inc. Year: 2000Industry: IT - Software

First Fintec Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

First Fintec Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	0	0	0	0	0	1	3	0	0	0
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	0	0	0	0	0	1	3	0	1	1
Total Expenditure	0	0	0	0	0	1	2	0	0	0
Operating Profit	-0	-0	0	-0	-0	0	1	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-1	-1	-1	-1	-1	-1	-0	-0	0	0
Provision for Tax	0	0	0	-0	0	0	-0	-0	-0	-0
Profit After Tax	-1	-1	-1	-1	-1	-1	0	-0	0	0
Adjustments	-0	0	0	0	0	0	-0	0	0	-0
Profit After Adjustments	-1	-1	-1	-1	-1	-1	0	-0	0	0
Adjusted Earnings Per Share	-1	-0.9	-0.8	-0.6	-0.8	-0.6	0.1	-0.3	0.1	0.1

First Fintec 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
Net Sales	63	45	28	14	15	10	7	1	0	1	6	3
Other Income	1	1	1	1	0	0	0	0	0	0	0	0
Total Income	64	46	28	15	15	10	7	2	0	1	6	5
Total Expenditure	57	47	25	14	14	9	6	2	1	1	6	2
Operating Profit	7	-1	3	1	1	1	1	-0	-1	-0	0	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	7	4	3	0	1	1	3	4	5	3	2	1
Exceptional Income / Expenses	0	-0	-2	-0	0	-0	0	0	-2	0	0	0
Profit Before Tax	0	-6	-2	0	0	0	-2	-5	-7	-4	-2	0
Provision for Tax	-0	-1	-0	0	0	0	0	0	-0	-0	-0	0
Profit After Tax	0	-5	-2	0	0	0	-2	-5	-7	-3	-2	0
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	-5	-2	0	0	0	-2	-5	-7	-3	-2	0
Adjusted Earnings Per Share	0.2	-5.1	-1.7	0.1	0.1	0.1	-1.7	-4.7	-6.8	-3.3	-1.6	2.7755575615629E-17

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	500%	82%	-10%	-21%
Operating Profit CAGR	0%	0%	-100%	-100%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	87%	13%	-3%	2%
ROE Average	-14%	-25%	-20%	-11%
ROCE Average	-15%	-25%	-20%	-11%

First Fintec 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	41	36	34	31	31	31	29	23	16	12	11
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	1	1	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3	2	2	2	2	2	2	2	2	2	1
Total Current Liabilities	4	2	2	1	1	1	1	1	1	1	1
Total Liabilities	48	42	38	34	34	34	31	26	18	15	13
Fixed Assets	21	17	14	12	11	15	19	20	17	14	12
Other Non-Current Assets	4	4	2	2	2	2	2	2	0	0	0
Total Current Assets	23	22	22	21	21	17	11	5	1	1	1
Total Assets	48	42	38	34	34	34	31	26	18	15	13

First Fintec 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	0	0	0	0	0	0	0	0	0	0
Cash Flow from Operating Activities	3	-2	-0	1	1	5	8	5	1	-0	-0
Cash Flow from Investing Activities	0	0	1	-1	-1	-5	-8	-5	-0	0	-0
Cash Flow from Financing Activities	-3	2	-0	-1	-0	0	-0	0	-0	0	0
Net Cash Inflow / Outflow	0	0	0	-0	-0	0	-0	0	0	0	-0
Closing Cash & Cash Equivalent	0	0	0	0	0	0	0	0	0	0	0

First Fintec 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)	0.17	-5.08	-1.73	0.05	0.11	0.12	-1.67	-4.7	-6.77	-3.25	-1.59
CEPS(Rs)	6.93	-0.85	1.35	0.44	0.95	1.29	1.3	-0.39	-2.35	-0.04	0.5
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	39.75	34.67	32.94	29.61	29.44	29.55	27.52	22.56	15.26	12.01	10.42
Core EBITDA Margin(%)	10.2	-3.72	8.71	3.33	5.3	11.13	16.23	-43.94	-876.68	-75.04	5.25
EBIT Margin(%)	0.28	-12.44	-7.5	3.87	2.09	2.49	-25.23	-355.97	-5577.88	-583.61	-32.03
Pre Tax Margin(%)	0.28	-12.83	-8.11	2.99	1.7	2.02	-25.91	-359.4	-5595.66	-585.09	-32.03
PAT Margin (%)	0.28	-11.69	-6.48	0.39	0.77	1.21	-26.09	-366.79	-5426.98	-538.55	-28.36
Cash Profit Margin (%)	11.36	-1.95	5.05	3.19	6.63	13.45	20.25	-30.19	-1887.83	-6.44	8.92
ROA(%)	0.34	-11.79	-4.48	0.15	0.34	0.36	-5.35	-16.87	-31.37	-20.39	-11.88
ROE(%)	0.43	-13.66	-5.11	0.17	0.38	0.39	-5.86	-18.76	-35.78	-23.85	-14.16
ROCE(%)	0.41	-14.22	-5.67	1.64	0.99	0.8	-5.58	-17.82	-35.86	-25.04	-15.21
Receivable days	99.06	128.15	209.68	430.17	410.08	535.15	523.84	1027.12	1591.29	28.99	18.59
Inventory Days	0	0	0	0	0	0	0	151.3	1202.05	120.74	0
Payable days	0	0	0	0	0	0	0	0	0	93.37	5.77
PER(x)	42.24	0	0	103.53	122.79	131.13	0	0	0	0	0
Price/Book(x)	0.18	0.21	0.2	0.19	0.46	0.52	0.39	0.07	0.34	0.46	0.43
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.12	0.21	0.29	0.46	0.98	1.63	1.76	1.71	44.48	9.7	0.92
EV/Core EBITDA(x)	1.03	-8.82	2.63	6.48	12.38	11.04	8.32	-8.81	-5.81	-18.44	17.53
Net Sales Growth(%)	-0.38	-28.75	-38.61	-48.73	4.46	-32.7	-33.35	-80.03	-90.26	384.37	827.41
EBIT Growth(%)	-64.39	-3305.74	62.99	126.48	-43.62	-19.86	-775.33	-181.71	-52.57	49.32	49.11
PAT Growth(%)	183.35	-3100.25	66	103.08	108.1	4.97	-1538.91	-180.75	-44.07	51.93	51.17
EPS Growth(%)	183.37	-3099.8	66	103.08	108.1	5.01	-1538.35	-180.76	-44.07	51.93	51.17
Debt/Equity(x)	0	0.05	0.04	0.03	0.02	0.02	0.02	0.03	0.02	0.04	0.06
Current Ratio(x)	6.12	9.44	14.36	20.77	17.52	22.17	15.84	5.81	1.51	1.14	1.38
Quick Ratio(x)	6.12	9.44	14.36	20.77	17.52	22.17	15.84	5.15	0.98	0.96	1.38
Interest Cover(x)	1619.31	-32.33	-12.32	4.39	5.31	5.32	-37.11	-103.77	-313.64	-393.19	-3998.15
Total Debt/Mcap(x)	0	0.23	0.2	0.15	0.04	0.03	0.04	0.36	0.07	0.09	0.14

First Fintec Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	45.23	50.04	50.04	48.4	48.4	48.4	47.4	47.4	47.4	47.4
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	54.77	49.96	49.96	51.6	51.6	51.6	52.6	52.6	52.6	52.6
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	0.47	0.52	0.52	0.5	0.5	0.5	0.49	0.49	0.49	0.49
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.57	0.52	0.52	0.54	0.54	0.54	0.55	0.55	0.55	0.55
Others	0	0	0	0	0	0	0	0	0	0
Total	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04

Pros

Stock is trading at 0.8 times its book value
Debtor days have improved from 93.37 to 5.77days.
Company is almost debt free.

Cons

Promoter holding is low: 47.4%.
Company has a low return on equity of -25% 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.