BSE:508954

Stock Analysis Report

Finkurve Financial Services

Executive Summary

Finkurve Financial Services Limited, together with its subsidiaries, engages in financing small and medium enterprises in India.

Snowflake

Fundamentals

Imperfect balance sheet with poor track record.

Risks

  • Finkurve Financial Services has significant price volatility in the past 3 months.
  • Finkurve Financial Services is not covered by any analysts.

Share Price & News

How has Finkurve Financial Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.5%

BSE:508954

-1.8%

IN Consumer Finance

-0.7%

IN Market


1 Year Return

-38.2%

BSE:508954

0.5%

IN Consumer Finance

-12.1%

IN Market

508954 underperformed the Consumer Finance industry which returned 0.2% over the past year.

508954 underperformed the Market in India which returned -12.1% over the past year.


Share holder returns

508954IndustryMarket
7 Day5.5%-1.8%-0.7%
30 Day-24.5%-4.1%-4.6%
90 Dayn/a-1.2%-4.3%
1 Year-38.2%-38.2%1.1%0.5%-10.3%-12.1%
3 Year68.6%68.6%64.9%61.4%18.9%12.8%
5 Year145.8%145.8%246.0%229.7%37.6%24.7%

Price Volatility Vs. Market

How volatile is Finkurve Financial Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Finkurve Financial Services undervalued based on future cash flows and its price relative to the stock market?

402.78x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Finkurve Financial Services to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Finkurve Financial Services to establish if it is available at substantial discount.


Price Based on Earnings

Finkurve Financial Services is overvalued based on earnings compared to the IN Consumer Finance industry average.

Finkurve Financial Services is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Finkurve Financial Services, we can't assess if its growth is good value.


Price Based on Value of Assets

Finkurve Financial Services is overvalued based on assets compared to the IN Consumer Finance industry average.


Next Steps

Future Growth

How is Finkurve Financial Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Finkurve Financial Services is high growth as no revenue estimate data is available.

Finkurve Financial Services's earnings are expected to grow by 6% yearly, however this is not considered high growth (20% yearly).

Unable to compare Finkurve Financial Services's revenue growth to the India market average as no estimate data is available.

Finkurve Financial Services's earnings growth is positive but not above the India market average.

Finkurve Financial Services's earnings growth is positive but not above the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Finkurve Financial Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Finkurve Financial Services performed over the past 5 years?

29.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Finkurve Financial Services has delivered over 20% year on year earnings growth in the past 5 years.

Finkurve Financial Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Finkurve Financial Services's 1-year earnings growth is negative, it can't be compared to the IN Consumer Finance industry average.


Return on Equity

Finkurve Financial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Finkurve Financial Services used its assets less efficiently than the IN Consumer Finance industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Finkurve Financial Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Finkurve Financial Services's financial position?


Financial Position Analysis

Finkurve Financial Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Finkurve Financial Services's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Finkurve Financial Services's level of debt (502%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (34.5% vs 502% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on Finkurve Financial Services's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

What is Finkurve Financial Services's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Finkurve Financial Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Finkurve Financial Services's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Finkurve Financial Services has not reported any payouts.

Unable to verify if Finkurve Financial Services's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Finkurve Financial Services has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Finkurve Financial Services's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average board tenure


CEO

Sachin Kothari (37yo)

₹825,000

Compensation

Mr. Sachin Gheesoolal Kothari serves as the Chief Executive Officer and Managing Director of Finkurve Financial Services Limited. Mr. Kothari is experienced in the fields of Accountancy and Finance. Prior  ...


CEO Compensation Analysis

Sachin's remuneration is lower than average for companies of similar size in India.

Sachin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Age and Tenure

6.5yrs

Average Tenure

37yo

Average Age

The tenure for the Finkurve Financial Services board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Sachin Kothari (37yo)

    CEO, MD & Executive Non Independent Director

    • Compensation: 825.00k
  • Sunny Parekh (29yo)

    Compliance Officer & Company Secretary

    • Tenure: 6.0yrs
  • Bhavi Desai (31yo)

    Chief Financial Officer

    • Tenure: 1.7yrs

Board Members

  • Ketan Kothari (38yo)

    Chairman

    • Tenure: 8.7yrs
  • Sachin Kothari (37yo)

    CEO, MD & Executive Non Independent Director

    • Tenure: 7.9yrs
    • Compensation: 825.00k
  • Riddhi Tilwani

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: 40.00k
  • Nishant Ranka (37yo)

    Non-Executive & Independent Director

    • Tenure: 1.4yrs

Company Information

Finkurve Financial Services Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Finkurve Financial Services Limited
  • Ticker: 508954
  • Exchange: BSE
  • Founded: 1984
  • Industry: consumer finance
  • Sector: diversified financials
  • Market Cap: ₹3.931b
  • Shares outstanding: 108.44m
  • Website: Click here

Location

  • Finkurve Financial Services Limited
  • Trade World
  • D Wing, 202, 2nd floor
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
508954BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2008

Biography

Finkurve Financial Services Limited, together with its subsidiaries, engages in financing small and medium enterprises in India. It operates through three segments: Non-Banking Finance Activity, Foreign Ex ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:48
End of Day Share Price2019/08/14 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.