Satin Creditcare Network Ltd.
Snapshot View

89.15 -0.60 ▼-0.7%

23 July 2021, 04:00:00 P.M.
Volume: 22,673

Overview View Details

Sector Finance Compare with Sector peers
Industry Finance Term Lending Compare with Industry peers
Website http://www.satincreditcare.com
Financial Indicators
Market Cap 643.86 Cr.
Earnings per share (EPS) -1.94 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 4.72 Trailing Twelve Months Ending 2021-03
Book Value / Share 206.82 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.43 Calculated using Price: 89.40
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 7.20 Cr. 72,020,477 Shares
FaceValue 10
Company Profile

Satin Creditcare Network Limited (SCNL) is the fifth largest microfinance institution in terms of GLP with a strong presence in north India. It started its operations in 1990 as a provider of individual and small business loan and savings services to urban shopkeepers and was registered as an NBFC with the RBI in 1998 and converted into an NBFC-MFI in Nov, 2013.

Its business is primarily based on the JLG Model for providing collateral free, microcredit facilities to economically active women in both rural and semi-urban areas, who otherwise have limited access to mainstream financial service providers. It also offer loans to individual businesses, loans to MSMEs, product loans for financing purchase of solar lamps and loans for development of water connection and sanitation facilities. It recently started offering IML to its clients in the JLG Model who have a credit record with it. In Dec, 2013 it entered into an agreement with Reliance Capital Limited (RCL) to provide certain services including sourcing clients for RCL for providing low-ticket size LAP with a view to leverage its rural reach.

Its operations are spread across 16 states and union territories in India including Uttar Pradesh, Bihar, Madhya Pradesh, Punjab, Uttarakhand, Rajasthan, Haryana, Maharashtra, Delhi and NCR, Jharkhand, Chhattisgarh, Gujarat, West Bengal, Jammu and Kashmir, Himachal Pradesh and Chandigarh, with a focus on rural and semi-urban areas. A number of the regions in which it operates have moderate or low rates of penetration by micro finance institutions.

Business and Services

SCNL offers its clients income generating loan (IGL) product based on their repayment ability. These loans are given under the Joint Liability Group (JLG) lending model or on an individual lending basis. SCNL is financing the solar lanterns at affordable rates to suit the economic conditions of the villagers without any financial constraint. It also offers Water & Sanitation Loan Product.

Milestones

  • 2016- Reaches 2.59 mn active clients and gross AUM of Rs 41,809.81 mn as on Sep’16 (On a consolidated basis) 
  • 2016- Raised Rs. 2.5 bn via QIP in Oct’16 
  • 2016- CARE Ratings upgraded LT Bank Facilities & NCDs to A- in Oct’16 
  • 2016- Acquired TSPL in Sep’16 
  • 2016 - Exit of DMP in Jul'16 and ShoreCap in Aug’16 
  • 2016 - Started MSME Lending and Individual Micro Loans in FY17 
  • 2016 - Morgan Stanley Mauritius Company bought 15 Lakh shares of SCNL at Rs. 571 per share in Aug’16 
  • 2016 - Received “Best Micro Finance Company in India” from Worldwide Achievers 
  • 2016 -Received “Client Protection Certificate” under the Smart Campaign – 2016 from M-CRIL 
  • 2016 - SCNL reports 86% growth in its Net Profit for FY2015-2016 
  • 2015 - SCNL receives “Iconic Name in Microfinance Award”, at the Make in India Conclave – Indian Realty Award & International Business Awards in Nov’15 
  • 2015 - Received top MFI grading of MFI
  • 2015 - Rs. 378.30 mn infused by Promoter Group 
  • 2015 - Raised Rs. 414.70 mn from SBI FMO (including warrants) 
  • 2015 - Listing on NSE, BSE and CSE 
  • 2015 - SCNL entered 3 new states: Himachal Pradesh, Gujarat and West Bengal in Oct’15 
  • 2015 - SCNL Kick- started its operations in 25 new branches in Oct’15 
  • 2015 - 25,000 families were added on 16th Oct’15 in a single day in our microfinance program  in Oct’15 
  • 2015 - SCNL started cashless collections in Bihar and Gujrat in Oct’15 
  • 2015 - SCNL started a new loan product - ‘Wash Loans’ from Bihar and Azamgarh in Oct’15 
  • 2015 - SCNL started disbursement of ‘Clean and Safe Energy Loan’ to its clients as a commitment towards clean energy in Oct’15 
  • 2015- the first MFI to receive funding (Term Loan) MUDRA in Jul’15 
  • 2015 - SCNL empowers of over 1 mn happy clients in North India in Mar’15 
  • 2014 - Raised Rs. 284.37 mn of equity from NMI and USD 10 mn of debt from World Business Capital in the form of ECB 
  • 2014 - Raised floating rate long term unsecured Tier II debt in Jul’14 
  • 2014 - SCNL scored 'Platinum' rating and an overall rating of 4 stars in the ‘Impact Business Model Rating', conducted by GIIRS (Global Impact Investing Rating System) 
  • 2014 - According to a latest MFIN Report on 'Responsible Business Index (RBIndex, 2014)', SCNL has scored 94% against the industry average of 87%
  •  2014 - Reaches 0.80 mn active clients and gross AUM of Rs. 10,560.55mn as on Mar’14 
  • 2014 - SCNL has Basel II Rating from CARE BBB (Triple B) for long-term bank facilities of Rs. 800 Crores (Enhanced from Rs.600 Crores) on 3rd Feb’14
  •  2013 - SCNL received the certificate of pricing transparency from mftransparency.org for the period Aug’13 to Aug’14 
  • 2013 - Exit of Lok Capital 
  • 2013 - Rs. 110.00 mn infused by Promoter Group 
  • 2013 - Raised Rs. 300.00 mn from DMP, Shore Capital and Micro Vest 
  • 2013 - Recieved ‘MFI 2+’rating by CARE (second highest on an eight point scale) 
  • 2013 - Converts to NBFC-MFI in Nov’13 
  • 2013 - Reaches 0.49 mn active clients and gross AUM of ? 5,800.26 mn as on Mar’13 
  • 2012 - Receives 83% in microfinance COCA audit 
  • 2012 - Starts SHG bank linkage program in Rewa, MP 
  • 2011 - Raised Rs. 180.50 mn from DMP in Feb’11 
  • 2011 - Receives MIX Social Performance Reporting Award at Silver level 
  • 2010 - Rs. 77.50mn infused by Promoter Group 
  • 2010 - Raised Rs. 25.08mn from Lok Capital in Nov’10 and Rs. 218.50 mn from ShoreCap II in Dec’10 
  • 2010 - Reaches 0.17 mn active clients and gross AUM of Rs. 1,690.76 mn as on Mar’10 
  • 2009 - Raised Rs. 19.42 mn from Lok Capital 
  • 2008 - Rs. 10 mn infused by Promoter Group 
  • 2008 - Started JLG Model 
  • 2008 - First private equity investment -- Raised ? 48.74 mn from Lok Capital 
  • 1998 - Registers as NBFC  with the RBI 
  • 1996 - IPO and listing on DSE, JSE and LSE 
  • 1990 - Date of inception of Satin on Oct 16, 1990 

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.67%
1 Week
-4.81%
1 Month
-1.44%
3 Month
+3.60%
6 Month
+18.00%
1 Year
+12.31%
2 Year
-65.39%
5 Year
-81.90%
4 years 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 3.95 9.97 20.17 12.05
Return on Capital Employed (%) 10.47 12.33 15.43 11.96
Return on Assets (%) 0.52 1.36 3.11 2.21

Balance Sheet View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 663 885 1,149 1,449 1,486
Non Curr. Liab. 2,028 4,284 4,791 5,374 5,933
Curr. Liab. 2,062 1,036 792 477 573
Minority Int. 2 2
Equity & Liab. 4,755 6,206 6,732 7,300 7,993
Non Curr. Assets 1,075 4,947 4,652 5,081 5,967
Curr. Assets 3,675 1,259 2,080 2,219 2,025
Misc. Exp. not W/O 5
Total Assets 4,755 6,206 6,732 7,300 7,993

Profit Loss View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 801 1,032 1,443 1,501 1,376
Other Income 0 136 99 4 8
Total Income 801 1,168 1,542 1,505 1,384
Total Expenditure -322 -502 -568 -686 -741
PBIDT 480 666 974 818 643
Interest -436 -536 -646 -589 -638
Depreciation -6 -15 -13 -18 -15
Taxation -13 -41 -114 -57 -4
Exceptional Items
PAT 25 75 202 155 -14

Cash Flow View Details

Particulars 5 years 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -966 -1,541 611 -225 -945
Cash Fr. Inv. -36 -55 -187 56 226
Cash Fr. Finan. 1,398 1,394 88 243 734
Net Change 395 -203 512 73 15
Cash & Cash Eqvt 663 453 966 1,039 1,054

Shareholding Pattern View Details

9 Qtrs 2019-03 (%) 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%)
Promoter 27.94 29.70 29.70 30.19 30.19 30.19 37.89 38.21 38.21
Public 72.06 70.30 70.30 69.82 69.81 69.81 62.11 61.79 61.79
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 26.32 20.80 20.80 19.54 19.54 11.79 5.12 5.08 3.09

Announcements View Details

Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Allotment
Satin Creditcare Network Limited has informed the Exchange regarding allotment of 300 securities pursuant to Commercial Papers.
Wed, 21 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Satin Creditcare Network Limited has informed the Exchange about Copy of Newspaper Publication.
Tue, 20 Jul 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Satin Creditcare Network Limited has informed the Exchange regarding a press release dated July 20 2021 titled "Satin Creditcare Network Limited and Hero Cycles disburse 87 000 bicycles to women in India".

Technical Scans View Details

Fri, 23 Jul 2021
Stock Underperforming Benchmark Index in both 1 Week and 3 Month Stock Underperforming Benchmark Index in both 1 Week and 3 Month
Stock Underperforming Sectoral Index in both 1 Week and 3 Month Stock Underperforming Sectoral Index in both 1 Week and 3 Month
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Closing Near 50 EMA Closing Near 50 EMA
NR 4 NR 4

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