BSE:531310

Stock Analysis Report

Executive Summary

Available Finance Limited operates as a non-banking financial company in India.

Snowflake

Fundamentals

Undervalued with questionable track record.

Share Price & News

How has Available Finance's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-9.6%

531310

4.1%

IN Diversified Financial

3.2%

IN Market


1 Year Return

n/a

531310

2.3%

IN Diversified Financial

5.6%

IN Market

Return vs Industry: Insufficient data to determine how 531310 performed against the Indian Diversified Financial industry.

Return vs Market: Insufficient data to determine how 531310 performed against the Indian Market.


Shareholder returns

531310IndustryMarket
7 Day-9.6%4.1%3.2%
30 Day-11.0%-1.0%6.0%
90 Dayn/a-10.0%2.0%
1 Yearn/a4.5%2.3%7.8%5.6%
3 Year107.6%107.6%1.2%-7.2%22.6%16.3%
5 Year47.9%47.9%19.5%-6.9%43.1%29.6%

Price Volatility Vs. Market

How volatile is Available Finance's share price compared to the market and industry in the last 5 years?


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Valuation

Is Available Finance undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 531310 (₹7.1) is trading below our estimate of fair value (₹191.13)

Significantly Undervalued: 531310 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 531310 is good value based on its PE Ratio (0.2x) compared to the Diversified Financial industry average (17x).

PE vs Market: 531310 is good value based on its PE Ratio (0.2x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 531310's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531310 is good value based on its PB Ratio (0x) compared to the IN Diversified Financial industry average (0.5x).


Next Steps

Future Growth

How is Available Finance forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-14.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 531310's earnings are forecast to decline over the next 3 years (-14.8% per year).

Earnings vs Market: 531310's earnings are forecast to decline over the next 3 years (-14.8% per year).

High Growth Earnings: 531310's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if 531310's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 531310's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 531310's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Available Finance performed over the past 5 years?

102.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 531310's earnings have grown significantly by 102.9% per year over the past 5 years.

Accelerating Growth: 531310's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 531310 had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Diversified Financial industry average (13.6%).


Return on Equity

High ROE: 531310's Return on Equity (13.8%) is considered low.


Return on Assets

ROA vs Industry: 531310 has a higher Return on Assets than the Diversified Financial industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate 531310's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Available Finance's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 531310 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 531310's debt is not covered by short term assets (assets are 0.6x debt).


Financial Institutions Analysis

Asset Level: 531310's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 531310 has a sufficient allowance for bad loans.

Low Risk Liabilities: 531310 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 531310 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 531310 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 531310 has an appropriate level of bad loans.


Next Steps

Dividend

What is Available Finance's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.4%industryaverage3.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 531310's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531310's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 531310's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531310'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 531310's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Available Finance's salary, the management and board of directors tenure and is there insider trading?

0.3yrs

Average management tenure


CEO

Yogendra Shukla (65yo)

0.2yrs

Tenure

₹14,000

Compensation

Mr. Yogendra Narsingh Shukla serves as Chief Executive Officer of Available Finance Limited since August 22, 2019. He had been an Independent Non-Executive Director at Available Finance Limited since Decem ...


Management Age and Tenure

0.3yrs

Average Tenure

Experienced Management: 531310's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Age and Tenure

0.4yrs

Average Tenure

42.5yo

Average Age

Experienced Board: 531310's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Yogendra Shukla (65yo)

    Chief Executive Officer

    • Tenure: 0.2yrs
    • Compensation: ₹14.00k
  • Rakesh Sahu (40yo)

    CFO & Whole-time Director

    • Tenure: 0.4yrs
    • Compensation: ₹120.00k
  • Ankur Sen

    Company Secretary & Compliance Officer

    • Tenure: 0.3yrs

Board Members

  • Neelam Sharma (51yo)

    Non-Executive Woman Director

    • Tenure: 5.3yrs
    • Compensation: ₹12.00k
  • Rakesh Sahu (40yo)

    CFO & Whole-time Director

    • Tenure: 0.4yrs
    • Compensation: ₹120.00k
  • Priyanka Jha (28yo)

    Independent Chairperson

    • Tenure: 0yrs
    • Compensation: ₹20.00k
  • Dwarkadas Kushwah (45yo)

    Independent Director

    • Tenure: 0.2yrs

Company Information

Available Finance Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Available Finance Limited
  • Ticker: 531310
  • Exchange: BSE
  • Founded: 1993
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: ₹72.446m
  • Shares outstanding: 10.20m
  • Website: https://www.availablefinance.in

Number of Employees


Location

  • Available Finance Limited
  • Agarwal House
  • Ground Floor
  • Indore
  • Madhya Pradesh
  • 452003
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531310BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2005

Biography

Available Finance Limited operates as a non-banking financial company in India. It provides commercial loans. The company was formerly known as Flag Finin Limited and changed its name to Available Finance  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 12:34
End of Day Share Price2019/10/17 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.