Fusion Micro Fin.

₹476 6.3 | 1.3%

WEBSITE BSE:543652 NSE : FUSION 10 May, 16:01

Market Cap ₹4790 Cr.

Stock P/E 9.5

P/B 1.7

Current Price ₹476

Book Value ₹ 282

Face Value 10

52W High ₹690.2

Dividend Yield 0%

52W Low ₹ 429.2

Edit Ratio

Fusion Micro Fin. Research see more...

Initial Coverage: Fusion Micro Finance

Overview Inc. Year: 1994Industry: Finance - NBFC

Fusion Micro Finance Ltd is a non-banking financial company (NBFC) based in India that provides microfinance services to low-income individuals and small businesses. The company was founded in 1994 and currently operates in 18 states across India, serving more than 1 million clients through a network of over 400 branches. Fusion Micro Finance Ltd offers various financial products and services, including micro loans, group loans, individual loans, and micro-enterprise loans, with a focus on promoting financial inclusion and entrepreneurship in underserved communities. The company's mission is to enable sustainable livelihoods for its clients by providing access to credit, financial literacy, and other support services. Fusion Micro Finance Ltd is committed to responsible and ethical business practices, and has received various awards and recognition for its social impact and financial performance.

Fusion Micro Fin. Share Price

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Peer Comparison

Fusion Micro Fin. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	259	282	343	440	459	501	531	547	593	646
Other Income	8	15	18	13	8	20	22	25	20	29
Total Income	267	297	360	452	467	521	553	571	613	675
Total Expenditure	145	177	116	167	163	192	208	213	243	286
Operating Profit	122	120	245	285	304	328	345	359	370	389
Interest	118	118	143	157	168	174	183	191	201	215
Depreciation	1	1	1	2	2	2	2	2	2	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	3	0	100	126	134	152	159	166	167	172
Provision for Tax	0	-1	25	31	31	37	39	40	40	39
Profit After Tax	3	1	75	95	102	115	120	126	126	133
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	1	75	95	102	115	120	126	126	133
Adjusted Earnings Per Share	0.4	0.1	9.1	11.5	10.2	11.4	12	12.5	12.6	13.2

Fusion Micro Fin. Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	55	108	185	254	486	720	856	1151	1742	2317
Other Income	0	2	16	13	43	10	17	54	66	96
Total Income	55	110	201	267	529	730	873	1206	1808	2412
Total Expenditure	18	39	97	182	194	290	437	676	638	950
Operating Profit	37	71	104	85	335	440	436	530	1170	1463
Interest	28	48	97	137	244	338	375	500	651	790
Depreciation	1	1	2	2	2	3	4	5	7	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	8	22	5	-54	88	100	57	24	512	664
Provision for Tax	3	9	1	-14	23	30	13	3	125	158
Profit After Tax	5	13	4	-39	65	70	44	22	387	505
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	5	13	4	-39	65	70	44	22	387	505
Adjusted Earnings Per Share	3.4	7.6	1.2	-9.6	10.5	8.8	5.6	2.6	38.6	50.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	51%	34%	47%	0%
Operating Profit CAGR	121%	39%	69%	0%
PAT CAGR	1659%	77%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	11%	NA%	NA%	NA%
ROE Average	21%	9%	10%	8%
ROCE Average	14%	10%	11%	11%

Fusion Micro Fin. 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	49	73	223	258	623	1199	1246	1338	2322
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	115	264	618	1002	1419	2734	4055	5641	6778
Other Non-Current Liabilities	1	2	-9	-23	-18	-31	-72	-87	-78
Total Current Liabilities	153	272	376	707	1362	307	533	311	263
Total Liabilities	318	611	1208	1943	3386	4209	5761	7204	9286
Fixed Assets	1	2	5	5	6	6	18	19	21
Other Non-Current Assets	107	158	184	520	744	3357	4375	5956	8086
Total Current Assets	210	450	1016	1415	2633	847	1368	1225	1179
Total Assets	318	611	1208	1943	3386	4209	5761	7204	9286

Fusion Micro Fin. Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	19	45	52	166	495	724	540	1215	1011
Cash Flow from Operating Activities	-128	-237	-258	-597	-964	-749	-793	-1641	-1663
Cash Flow from Investing Activities	-8	-18	-199	184	-4	20	10	18	18
Cash Flow from Financing Activities	163	262	578	741	1349	545	1459	1418	1584
Net Cash Inflow / Outflow	27	7	121	329	381	-184	676	-204	-61
Closing Cash & Cash Equivalent	45	52	173	495	876	540	1215	1011	950

Fusion Micro Fin. Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.39	7.6	1.2	-9.64	10.55	8.82	5.56	2.63	38.58
CEPS(Rs)	4	8.36	1.66	-9.07	11	9.14	6.05	3.28	39.32
DPS(Rs)	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	30.12	39.66	63.26	61.03	100.52	151.3	156.83	160.18	230.6
Core EBITDA Margin(%)	66.42	64.01	47.44	28.37	60	59.73	48.9	41.32	63.39
EBIT Margin(%)	65.05	65.23	55.3	32.62	68.36	60.76	50.47	45.58	66.74
Pre Tax Margin(%)	14.52	20.64	2.6	-21.07	18.14	13.88	6.64	2.12	29.39
PAT Margin (%)	9.67	12.42	2.22	-15.49	13.44	9.66	5.13	1.89	22.23
Cash Profit Margin (%)	11.15	13.38	3.08	-14.69	13.93	10.02	5.59	2.36	22.65
ROA(%)	1.67	2.89	0.45	-2.5	2.45	1.83	0.88	0.34	4.7
ROE(%)	11.53	23.41	2.87	-16.84	15.02	7.68	3.61	1.7	21.27
ROCE(%)	11.78	16.01	11.77	5.5	12.97	11.76	8.77	8.21	14.34
Receivable days	1.08	1.85	0	0.69	0.41	0.95	1.26	1.12	1.95
Inventory Days	0	0	0	0	0	0	0	0	0
Payable days	0	0	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	0	0	0	10.33
Price/Book(x)	0	0	0	0	0	0	0	0	1.73
Dividend Yield(%)	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	4	4.3	4.39	4.49	3.65	3.1	3.71	4.09	5.58
EV/Core EBITDA(x)	6.02	6.49	7.82	13.44	5.3	5.08	7.29	8.87	8.3
Net Sales Growth(%)	0	96.75	71.23	37.62	91.09	48.12	18.82	34.52	51.31
EBIT Growth(%)	0	97.31	45.16	-18.83	300.53	31.66	-1.32	21.5	121.55
PAT Growth(%)	0	152.72	-69.46	-1061.96	265.81	6.52	-36.87	-50.49	1679.57
EPS Growth(%)	0	123.87	-84.26	-905.66	209.44	-16.39	-36.94	-52.72	1367.68
Debt/Equity(x)	5.18	7.06	4.28	6.31	4.28	2.49	3.58	4.36	2.93
Current Ratio(x)	1.37	1.65	2.7	2	1.93	2.75	2.57	3.94	4.48
Quick Ratio(x)	1.37	1.65	2.7	2	1.93	2.75	2.57	3.94	4.48
Interest Cover(x)	1.29	1.46	1.05	0.61	1.36	1.3	1.15	1.05	1.79
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	1.69

Fusion Micro Fin. Shareholding Pattern

#	Mar 2016	Jun 2017	Jun 2018	Jun 2019	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.08	5.98	6.97	7.62	68.18	68.18	68.18	67.92	57.7	57.71
FII	0	0	0	0	5.32	5.98	5.44	5.15	6.74	5.97
DII	0	0	0	0	12.77	13.55	16.51	15.36	22.81	23.28
Public	86.92	94.02	93.03	92.38	13.72	12.28	9.87	11.57	12.75	13.04
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Mar 2016	Jun 2017	Jun 2018	Jun 2019	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.25	0.21	0.3	0.5	6.86	6.86	6.86	6.86	5.83	5.83
FII	0	0	0	0	0.54	0.6	0.55	0.52	0.68	0.6
DII	0	0	0	0	1.29	1.36	1.66	1.55	2.3	2.35
Public	1.66	3.31	4.01	6.07	1.38	1.24	0.99	1.17	1.29	1.32
Others	0	0	0	0	0	0	0	0	0	0
Total	1.91	3.52	4.31	6.57	10.06	10.06	10.06	10.1	10.1	10.1

Pros

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.