BSE:508954

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Finkurve Financial Services

Executive Summary

Finkurve Financial Services Limited, a non-banking financial company, engages in financing small and medium enterprises in India.


Snowflake Analysis

Solid track record with adequate balance sheet.

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

Stable Share Price: 508954's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.3%

508954

1.5%

IN Consumer Finance

1.3%

IN Market


1 Year Return

-31.1%

508954

-18.5%

IN Consumer Finance

-8.7%

IN Market

Return vs Industry: 508954 underperformed the Indian Consumer Finance industry which returned -18.5% over the past year.

Return vs Market: 508954 underperformed the Indian Market which returned -8.7% over the past year.


Shareholder returns

508954IndustryMarket
7 Day3.3%1.5%1.3%
30 Day-10.9%18.3%5.1%
90 Dayn/a33.9%30.2%
1 Year-31.1%-31.1%-17.9%-18.5%-7.0%-8.7%
3 Year-34.7%-34.7%34.6%31.8%1.7%-3.0%
5 Year121.4%121.4%143.7%133.8%27.6%17.9%

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 compared to its fair value and its price relative to the market?

165.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 508954's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 508954's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 508954 is poor value based on its PE Ratio (165.9x) compared to the Consumer Finance industry average (11.9x).

PE vs Market: 508954 is poor value based on its PE Ratio (165.9x) compared to the Indian market (12.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 508954's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 508954 is overvalued based on its PB Ratio (5.2x) compared to the IN Consumer Finance industry average (0.6x).


Next Steps

Future Growth

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

23.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Finkurve Financial Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 508954 has high quality earnings.

Growing Profit Margin: 508954's current net profit margins (0.5%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: 508954's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: 508954's earnings growth over the past year (65.8%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: 508954 earnings growth over the past year (65.8%) exceeded the Consumer Finance industry 4.4%.


Return on Equity

High ROE: 508954's Return on Equity (3.2%) is considered low.


Next Steps

Financial Health

How is Finkurve Financial Services's financial position?


Financial Position Analysis

Short Term Liabilities: 508954's short term assets (₹1.4B) exceed its short term liabilities (₹2.6M).

Long Term Liabilities: 508954's short term assets (₹1.4B) exceed its long term liabilities (₹809.1M).


Debt to Equity History and Analysis

Debt Level: 508954's debt to equity ratio (112.4%) is considered high.

Reducing Debt: 508954's debt to equity ratio has reduced from 179.3% to 112.4% over the past 5 years.

Debt Coverage: 508954's debt is well covered by operating cash flow (41.4%).

Interest Coverage: Insufficient data to determine if 508954's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 508954's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 508954's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 508954's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 508954's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 508954's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Sachin Kothari (38yo)

no data

Tenure

₹900,000

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

Compensation vs Market: Sachin's total compensation ($USD12.06K) is below average for companies of similar size in the Indian market ($USD49.50K).

Compensation vs Earnings: Sachin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sachin Kothari
CEO, MD & Executive Non Independent Directorno data₹900.00kno data
Sunny Parekh
Compliance Officer & Company Secretary6.92yrs₹1.00mno data
Pawan Betala
Regional Head of Southno datano datano data
Aakash Jain
Chief Financial Officer0.67yrno datano data
Swapnil Shinde
HR & Admin Manager1.5yrsno datano data

1.5yrs

Average Tenure

35yo

Average Age

Experienced Management: 508954's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sachin Kothari
CEO, MD & Executive Non Independent Directorno data₹900.00kno data
Ketan Kothari
Chairman9.58yrsno data42.13% 1.7b
Riddhi Tilwani
Independent Director6yrs₹50.00kno data
Nishant Ranka
Non-Executive & Independent Director2.33yrs₹50.00kno data

7.4yrs

Average Tenure

38yo

Average Age

Experienced Board: 508954's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17%.


Top Shareholders

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: ₹3.933b
  • Shares outstanding: 126.86m
  • Website: https://www.finkurve.com

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, a non-banking financial company, engages in financing small and medium enterprises in India. The company operates through three segments: Non-Banking Finance Activity, Foreign Exchange Trading, and Leisure & Hospitality segments. It provides loans against properties, securities, and gold; and two-wheeler loans, unsecured loans for enterprises, and unsecured loans for individuals. The company is also involved in buying and selling foreign exchange; and providing money transfer and travel insurance services, as well as multi-currency travel cards. In addition, it offers leisure and hospitality services. The company was formerly known as Sanjay Leasing Limited and changed its name to Finkurve Financial Services Limited in March 2012. Finkurve Financial Services Limited was founded in 1984 and is headquartered in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 12:42
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
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.