Starteck Finance

₹252.1 0 | 0%

WEBSITE BSE:512381 NSE : STARTECK 17 May, 11:15

Market Cap ₹250 Cr.

Stock P/E 9.1

P/B 1.3

Current Price ₹252.1

Book Value ₹ 192.6

Face Value 10

52W High ₹419.9

Dividend Yield 0.1%

52W Low ₹ 110.5

Edit Ratio

Starteck Finance Research see more...

Overview Inc. Year: 1985Industry: Finance - NBFC

Starteck Finance Ltd operates as a non-banking monetary corporation in India. It offers financing solutions to retail, small and medium employer, and business clients in urban and semi-urban regions of India. The organization was formerly referred to as Nivedita Mercantile and Financing Ltd and changed its name to Starteck Finance Ltd in November 2018. Starteck Finance Ltd founded in 1985 and is based in Mumbai, India.

Starteck Finance Share Price

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Peer Comparison

Starteck 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	4	4	5	6	6	7	7	7	12	7
Other Income	0	0	0	0	0	0	2	0	0	0
Total Income	4	4	5	6	6	7	9	7	12	7
Total Expenditure	1	1	1	1	2	1	2	1	1	1
Operating Profit	3	3	4	5	4	6	7	6	11	6
Interest Expense	1	1	1	1	2	3	3	3	3	3
Depreciation	0	0	0	0	0	0	1	0	0	0
Profit Before Tax	3	2	4	4	3	3	15	3	8	3
Provision for Tax	0	0	1	1	1	1	0	1	1	1
Profit After Tax	3	2	2	3	2	2	15	2	7	3
Adjustments	0	-0	0	0	0	0	-0	0	0	-0
Profit After Adjustments	3	2	2	3	2	2	15	2	7	3
Adjusted Earnings Per Share	2.8	1.9	2.5	2.7	1.9	2.3	15.2	2.3	7.5	2.8

Starteck 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	15	21	21	18	15	28	41	28	26	33
Other Income	4	0	1	1	0	4	35	1	2	2
Total Income	19	22	22	19	15	32	76	29	28	35
Total Expenditure	2	4	4	4	5	20	6	3	6	5
Operating Profit	17	18	18	14	10	12	70	26	22	30
Interest Expense	7	12	15	13	9	8	31	14	9	12
Depreciation	0	0	0	0	0	0	0	0	1	1
Profit Before Tax	10	6	3	2	2	4	40	12	24	29
Provision for Tax	2	1	0	0	0	0	2	2	2	3
Profit After Tax	8	6	2	1	1	4	38	10	22	27
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	8	6	2	1	1	4	38	10	22	27
Adjusted Earnings Per Share	7.6	5.8	2.4	1.1	1.5	3.7	38	10.3	22	27.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-7%	-2%	8%	0%
Operating Profit CAGR	-15%	22%	9%	0%
PAT CAGR	120%	77%	86%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	110%	53%	61%	30%
ROE Average	13%	16%	11%	8%
ROCE Average	11%	10%	8%	8%

Starteck 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	104	109	111	112	104	105	147	161	180
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	0	33	32	31	31	31	635	49	102
Current Liability	67	172	111	69	72	65	32	58	102
Other Liabilities & Provisions	3	0	31	28	0	0	0	0	0
Total Liabilities	173	314	285	239	207	201	814	268	384
Loans	0	0	0	0	0	0	0	0	0
Investments	19	64	60	54	51	51	12	22	24
Fixed Assets	0	0	0	0	0	0	15	0	102
Other Loans	4	0	32	29	2	5	2	3	1
Other Non Current Assets	0	0	0	0	0	0	0	0	0
Current Assets	149	250	193	156	154	146	785	228	243
Total Assets	173	314	285	239	207	201	814	268	384

Starteck Finance 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	1	0	2	1	0	0	5	4	0
Cash Flow from Operating Activities	51	9	-7	-7	5	16	-50	-5	86
Cash Flow from Investing Activities	-51	-6	5	6	-4	-12	47	-5	-50
Cash Flow from Financing Activities	-0	-1	0	0	0	0	2	6	-35
Net Cash Inflow / Outflow	-0	2	-2	-0	0	5	-1	-4	0
Closing Cash & Cash Equivalent	0	2	1	0	0	5	4	0	0

Starteck Finance Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.58	5.77	2.36	1.12	1.5	3.65	37.96	10.28	22.02
CEPS(Rs)	7.58	5.77	2.36	1.12	1.5	3.65	37.96	10.28	22.58
DPS(Rs)	0.5	0.5	0	0	0	0.25	0.25	0.25	0.25
Book NAV/Share(Rs)	104.58	109.75	112.11	113.24	105.05	105.87	147.9	162.41	181.13
Net Profit Margin	50.31	26.62	11.36	6.2	9.78	12.87	91.8	35.9	82.79
Operating Margin	111.56	83.58	86.92	80.34	68.83	43	171.22	91.91	127.49
PBT Margin	66.09	30	13.13	8.44	12.13	12.97	96.57	42.41	91.97
ROA(%)	4.34	2.35	0.78	0.42	0.67	1.77	7.41	1.88	6.69
ROE(%)	7.25	5.38	2.13	1	1.37	3.47	29.92	6.63	12.82
ROCE(%)	10.14	7.62	6.44	6.38	5.24	6.23	14.32	5.02	10.96
Price/Earnings(x)	7.26	9.02	16.08	0	14.92	13.83	2.07	11.77	4.99
Price/Book(x)	0.53	0.47	0.34	0	0.21	0.48	0.53	0.75	0.61
Dividend Yield(%)	0.91	0.96	0	0	0	0.49	0.32	0.21	0.23
EV/Net Sales(x)	7.68	11.52	8.47	5.6	7.43	4.34	17.19	7.34	10.77
EV/Core EBITDA(x)	6.89	13.79	9.75	6.97	10.79	10.1	10.04	7.98	12.66
Interest Earned Growth(%)	0	43.79	-4.05	-12.87	-15.44	85.47	45.6	-30.75	-7.14
Net Profit Growth	0	-23.92	-59.06	-52.4	33.29	144.01	938.8	-72.92	114.14
EPS Growth(%)	0	-23.9	-59.07	-52.4	33.29	144.01	938.79	-72.92	114.14
Interest Coverage(x) %	2.45	1.56	1.18	1.12	1.21	1.43	2.29	1.86	3.59

Starteck Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	70.82	71.05	71.37	71.52	71.52	71.52	71.52	71.69	72.55	72.76
FII	0	0	0	0	0	0	0	0	0.01	0
DII	0.17	0.17	0.17	0	0	0	0	0	0	0
Public	29.01	28.78	28.45	28.48	28.48	28.48	28.48	28.31	27.44	27.24
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	0.7	0.7	0.71	0.71	0.71	0.71	0.71	0.71	0.72	0.72
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.29	0.29	0.28	0.28	0.28	0.28	0.28	0.28	0.27	0.27
Others	0	0	0	0	0	0	0	0	0	0
Total	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99

Pros

Company has delivered good profit growth of 85% CAGR over last 5 years

Cons

* 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.