BSE:534680

Stock Analysis Report

Executive Summary

SRG Housing Finance Limited engages in housing and mortgage finance business in India.

Snowflake

Fundamentals

Acceptable track record and slightly overvalued.

Risks

  • SRG Housing Finance has significant price volatility in the past 3 months.
  • SRG Housing Finance is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-8.8%

BSE:534680

-3.6%

IN Consumer Finance

-2.1%

IN Market


1 Year Return

-70.3%

BSE:534680

-3.2%

IN Consumer Finance

-14.7%

IN Market

534680 underperformed the Consumer Finance industry which returned -3.1% over the past year.

534680 underperformed the Market in India which returned -14.6% over the past year.


Share holder returns

534680IndustryMarket
7 Day-8.8%-3.6%-2.1%
30 Day-30.1%1.9%-3.9%
90 Day-58.9%-10.2%-10.1%
1 Year-70.3%-70.3%-2.5%-3.2%-12.9%-14.7%
3 Year-3.5%-3.5%59.3%56.0%17.7%11.5%
5 Year86.4%86.0%233.9%218.2%35.4%22.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is SRG Housing Finance undervalued based on future cash flows and its price relative to the stock market?

8.09x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

SRG Housing Finance's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

SRG Housing Finance's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

SRG Housing Finance is good value based on earnings compared to the IN Consumer Finance industry average.

SRG Housing Finance is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SRG Housing Finance, we can't assess if its growth is good value.


Price Based on Value of Assets

SRG Housing Finance is overvalued based on assets compared to the IN Consumer Finance industry average.


Next Steps

Future Growth

How is SRG Housing Finance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if SRG Housing Finance is high growth as no revenue estimate data is available.

SRG Housing Finance's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare SRG Housing Finance's revenue growth to the India market average as no estimate data is available.

SRG Housing Finance's earnings are expected to decrease over the next 1-3 years, this is below the India market average.

SRG Housing Finance's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if SRG Housing Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has SRG Housing Finance performed over the past 5 years?

55.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SRG Housing Finance has delivered over 20% year on year earnings growth in the past 5 years.

SRG Housing Finance's 1-year earnings growth is less than its 5-year average (47.3% vs 55.3%)

SRG Housing Finance's earnings growth has exceeded the IN Consumer Finance industry average in the past year (47.3% vs 15%).


Return on Equity

Whilst SRG Housing Finance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

SRG Housing Finance used its assets more efficiently than the IN Consumer Finance industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if SRG Housing Finance 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 SRG Housing Finance's financial position?


Financial Position Analysis

SRG Housing Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SRG Housing Finance's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SRG Housing Finance's level of debt (462.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (113.5% vs 462.3% today).

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

Unable to confirm if the interest payments on SRG Housing Finance'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 SRG Housing Finance's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate SRG Housing Finance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate SRG Housing Finance's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as SRG Housing Finance has not reported any payouts.

Unable to verify if SRG Housing Finance's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as SRG Housing Finance 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 SRG Housing Finance's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Vinod Jain (49yo)

7.3yrs

Tenure

₹8,400,000

Compensation

Mr. Vinod Kumar Jain serves as the Managing Director of S R G Securities Finance Limited and is responsible for strategic planning and administration. Mr. Jain has been the Managing Director of SRG Housing ...


CEO Compensation Analysis

Vinod's remuneration is higher than average for companies of similar size in India.

Vinod's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.1yrs

Average Tenure

The tenure for the SRG Housing Finance management team is about average.


Board Age and Tenure

7.3yrs

Average Tenure

44yo

Average Age

The tenure for the SRG Housing Finance board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Vinod Jain (49yo)

    Chairman & MD

    • Tenure: 7.3yrs
    • Compensation: ₹8.40m
  • Lavang Murdia

    Chief Marketing Officer

    • Tenure: 2.1yrs
  • Ashok Modi

    Chief Financial Officer

    • Tenure: 0.0yrs
    • Compensation: ₹651.00k
  • Sunaina Nagar

    Company Secretary & Chief Investor Relation Officer

    • Tenure: 1.2yrs
    • Compensation: ₹540.00k

Board Members

  • Vinod Jain (49yo)

    Chairman & MD

    • Tenure: 7.3yrs
    • Compensation: ₹8.40m
  • Seema Jain (44yo)

    Non-Executive Director

    • Tenure: 20.4yrs
  • Ashok Kabra (48yo)

    Non-Executive Independent Director

    • Tenure: 7.3yrs
  • Vikas Gupta (40yo)

    Non-Executive Independent Director

    • Tenure: 7.3yrs
  • Nishant Badala (28yo)

    Non-Executive Independent Director

    • Tenure: 4.3yrs
  • Garima Soni

    Non-Executive Director

    • Tenure: 0.6yrs

Company Information

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


Key Information

  • Name: SRG Housing Finance Limited
  • Ticker: 534680
  • Exchange: BSE
  • Founded: 1999
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹1.146b
  • Shares outstanding: 13.00m
  • Website: https://www.srghousing.com

Number of Employees


Location

  • SRG Housing Finance Limited
  • 321, S.M. Lodha Complex
  • Near Shastri Circle
  • Udaipur
  • Rajasthan
  • 313001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
534680BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2012

Biography

SRG Housing Finance Limited engages in housing and mortgage finance business in India. The company offers home loans for construction, additions, alterations, and repair and renovation purposes. It also pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 12:51
End of Day Share Price2019/08/23 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.