India Finsec

₹107 -0.5 | 0.5%

WEBSITE BSE:535667 NSE : IFINSEC 18 May, 12:50

Market Cap ₹267 Cr.

Stock P/E 21.9

P/B 4

Current Price ₹107

Book Value ₹ 27

Face Value 10

52W High ₹112.5

Dividend Yield 0%

52W Low ₹ 26.1

Edit Ratio

India Finsec Research see more...

Overview Inc. Year: 1994Industry: Finance - NBFC

India Finsec Limited is a public company that provides financing, inter-corporate deposits, short term loans, long term loans, and credits to individuals and companies. It was incorporated as a private limited company on August 10, 1994, and later converted into a public limited company on March 3, 2023. Incorporated in New Delhi, They are one of the emerging players in the non-banking financial sector in India. Its mission is to deliver highly dependable solutions and services that are critical to its customer’s business. Its values are integrity, empathy, and passion. Their achievements include giving a significant upward performance in terms of sales, profitability, and loan book size from the last five years along with maintaining a zero NPA (non-performing asset) record. Its promoters are Mr. Gopal Bansal and Mr. Mukesh Sharma, who have vast experience in running the business of the company efficiently.

India Finsec Share Price

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Peer Comparison

India Finsec 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	5	6	8	9	10	12	14	15	16	16
Other Income	0	0	0	0	0	0	1	0	0	0
Total Income	5	6	8	9	11	13	15	15	16	16
Total Expenditure	3	3	4	5	5	5	6	5	6	6
Operating Profit	2	3	4	4	5	8	9	10	10	11
Interest Expense	1	2	2	3	3	5	6	6	6	6
Depreciation	0	0	1	1	0	1	1	0	1	1
Profit Before Tax	1	1	1	1	1	1	3	4	4	4
Provision for Tax	0	0	0	0	-0	0	1	1	1	1
Profit After Tax	1	1	1	1	1	1	1	3	3	3
Adjustments	-0	-0	2	-0	-0	-0	6	-1	-1	-1
Profit After Adjustments	1	0	3	1	1	1	7	2	2	2
Adjusted Earnings Per Share	0.2	0.1	1.2	0.2	0.4	0.4	2.7	0.7	0.7	0.7

India Finsec Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	8	9	6	10	18	18	24	46	61
Other Income	0	0	1	0	0	0	1	1	1
Total Income	8	9	7	10	18	18	24	47	62
Total Expenditure	6	7	5	7	9	6	12	21	23
Operating Profit	2	3	2	3	9	12	13	26	40
Interest Expense	1	0	0	1	5	5	6	17	24
Depreciation	0	0	0	0	1	0	2	2	3
Profit Before Tax	1	2	2	3	4	6	5	6	15
Provision for Tax	0	1	0	1	1	1	1	2	4
Profit After Tax	1	2	1	2	3	5	4	5	10
Adjustments	-0	0	1	-0	-1	-1	1	-2	3
Profit After Adjustments	1	2	2	2	2	4	5	3	13
Adjusted Earnings Per Share	0.2	0.7	0.8	0.7	0.7	1.4	2.1	1.2	4.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	92%	37%	50%	0%
Operating Profit CAGR	100%	42%	67%	0%
PAT CAGR	25%	19%	38%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	290%	88%	41%	26%
ROE Average	8%	8%	7%	5%
ROCE Average	13%	11%	10%	8%

India Finsec Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	42	43	45	47	49	53	58	61
Minority's Interest	1	0	1	6	11	18	28	36
Borrowings	0	0	0	37	36	46	70	160
Current Liability	1	0	0	4	2	7	25	22
Other Liabilities & Provisions	0	0	0	-0	-0	-0	-1	-2
Total Liabilities	44	44	47	93	98	122	179	277
Loans	0	0	0	75	81	95	149	250
Investments	2	1	2	1	1	0	1	0
Fixed Assets	0	0	0	0	2	3	10	9
Other Loans	0	27	28	0	0	0	0	0
Other Non Current Assets	0	0	0	0	2	0	0	0
Current Assets	42	15	16	16	13	24	19	18
Total Assets	44	44	47	93	98	122	179	277

India Finsec Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	0	10	11	9	3	4	2
Cash Flow from Operating Activities	-1	10	-0	-41	-3	-5	-42	-90
Cash Flow from Investing Activities	-1	-0	-0	-3	-1	-8	-1	1
Cash Flow from Financing Activities	1	-0	1	43	-2	14	40	92
Net Cash Inflow / Outflow	-1	10	0	-1	-6	1	-2	2
Closing Cash & Cash Equivalent	0	10	11	9	3	4	2	5

India Finsec Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.24	0.69	0.76	0.73	0.71	1.45	2.07	1.23
CEPS(Rs)	0.3	0.7	0.52	0.85	1.37	2.18	2.27	2.8
DPS(Rs)	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	16.9	17.42	18.17	18.86	19.53	21.07	23.14	24.36
Net Profit Margin	9.14	19.31	21.78	19.67	15.19	28	17.19	10.07
Operating Margin	25.36	29.25	30.05	33.13	47.02	62.88	47.3	51.48
PBT Margin	13.21	27.34	29.46	25.67	21.99	36.3	22.9	14
ROA(%)	1.55	3.87	2.75	2.86	2.88	4.51	2.68	2.02
ROE(%)	1.63	3.97	2.79	4.32	5.74	9.81	7.33	7.77
ROCE(%)	4.48	5.99	3.85	5.12	9.91	11.82	9.02	12.57
Price/Earnings(x)	43.95	19.43	41.64	20.26	14.52	5.1	12.15	16.6
Price/Book(x)	0.63	0.77	1.73	0.78	0.53	0.35	1.08	0.84
Dividend Yield(%)	0	0	0	0	0	0	0	0
EV/Net Sales(x)	3.52	2.62	11.96	6.55	3.28	3.34	5.73	4.56
EV/Core EBITDA(x)	13.44	8.84	38.22	19.03	6.46	5.1	10.58	8.05
Interest Earned Growth(%)	0	17.34	-35.4	78.6	78.12	-1.91	32.48	94.5
Net Profit Growth	0	147.96	-27.13	61.3	37.61	80.79	-18.68	13.95
EPS Growth(%)	0	186.72	9.3	-3.79	-2.61	103.92	42.89	-40.67
Interest Coverage(x) %	2.09	15.36	51.29	4.45	1.88	2.37	1.94	1.37

India Finsec Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	50.77	50.91	50.91	53.95	53.95	55.51	55.51	60.35	60.47	60.47
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	49.23	49.09	49.09	46.05	46.05	44.49	44.49	39.65	39.53	39.53
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	1.27	1.27	1.27	1.35	1.35	1.38	1.38	1.51	1.51	1.51
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.23	1.22	1.22	1.15	1.15	1.11	1.11	0.99	0.99	0.99
Others	0	0	0	0	0	0	0	0	0	0
Total	2.49	2.49	2.49	2.49	2.49	2.49	2.49	2.49	2.49	2.49

Pros

Company has delivered good profit growth of 37% CAGR over last 5 years

Cons

Company has a low return on equity of 8% over the last 3 years.
Debtor days have increased from -500.38 to 0days.
Stock is trading at 4 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.