BSE:539404

Stock Analysis Report

Executive Summary

Satin Creditcare Network Limited, a non-banking finance company, provides micro finance in India.

Snowflake

Fundamentals

Proven track record with mediocre balance sheet.

Risks

  • Satin Creditcare Network has significant price volatility in the past 3 months.
  • Satin Creditcare Network is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Satin Creditcare Network's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.7%

BSE:539404

-3.6%

IN Consumer Finance

-2.1%

IN Market


1 Year Return

-29.3%

BSE:539404

-3.2%

IN Consumer Finance

-14.7%

IN Market

539404 underperformed the Consumer Finance industry which returned -3.1% over the past year.

539404 underperformed the Market in India which returned -14.6% over the past year.


Share holder returns

539404IndustryMarket
7 Day-6.7%-3.6%-2.1%
30 Day-0.2%1.9%-3.9%
90 Day-20.6%-10.2%-10.1%
1 Year-29.3%-29.3%-2.5%-3.2%-12.9%-14.7%
3 Year-57.2%-57.2%59.3%56.0%17.7%11.5%
5 Yearn/a233.9%218.2%35.4%22.5%

Price Volatility Vs. Market

How volatile is Satin Creditcare Network's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Satin Creditcare Network undervalued based on future cash flows and its price relative to the stock market?

5.93x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

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

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


Price Based on Earnings

Satin Creditcare Network is good value based on earnings compared to the IN Consumer Finance industry average.

Satin Creditcare Network is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Satin Creditcare Network, we can't assess if its growth is good value.


Price Based on Value of Assets

Satin Creditcare Network is overvalued based on assets compared to the IN Consumer Finance industry average.


Next Steps

Future Growth

How is Satin Creditcare Network expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Satin Creditcare Network's revenue is expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).

Satin Creditcare Network's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Satin Creditcare Network's revenue growth is expected to exceed the India market average.

Satin Creditcare Network's earnings are expected to decrease over the next 1-3 years, this is below the India market average.

Satin Creditcare Network'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 Satin Creditcare Network will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Satin Creditcare Network performed over the past 5 years?

24.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Satin Creditcare Network has delivered over 20% year on year earnings growth in the past 5 years.

Satin Creditcare Network's 1-year earnings growth exceeds its 5-year average (105.8% vs 24.8%)

Satin Creditcare Network's earnings growth has exceeded the IN Consumer Finance industry average in the past year (105.8% vs 15%).


Return on Equity

Satin Creditcare Network has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Satin Creditcare Network 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 Satin Creditcare Network 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 Satin Creditcare Network's financial position?


Financial Position Analysis

Satin Creditcare Network is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Satin Creditcare Network's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Satin Creditcare Network's level of debt (458.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (630% vs 458.5% today).

Debt is not well covered by operating cash flow (11.6%, less than 20% of total debt).

Unable to confirm if the interest payments on Satin Creditcare Network'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 1.3x debt.


Next Steps

Dividend

What is Satin Creditcare Network's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Satin Creditcare Network's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Satin Creditcare Network's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Satin Creditcare Network has not reported any payouts.

Unable to verify if Satin Creditcare Network's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Satin Creditcare Network 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 Satin Creditcare Network's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Harvinder Singh (59yo)

8.8yrs

Tenure

₹18,737,960

Compensation

Mr. Harindera Pal Singh has been the Chairman and Managing Director at Satin Creditcare Network Limited since October 1, 2010 and has been its Executive Director since October 16, 1990. He serves as a Dire ...


CEO Compensation Analysis

Harvinder's remuneration is about average for companies of similar size in India.

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


Management Age and Tenure

3.6yrs

Average Tenure

46.5yo

Average Age

The tenure for the Satin Creditcare Network management team is about average.


Board Age and Tenure

5.4yrs

Average Tenure

58yo

Average Age

The tenure for the Satin Creditcare Network board of directors is about average.


Insider Trading

Satin Creditcare Network individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Buy₹302,50026 Jun 19
Trishashna Holdings & Investments Private Limited
EntityCompany
Shares1,000
Max Price₹302.50
Sell₹302,50026 Jun 19
Anureet Singh
EntityIndividual
Shares1,000
Max Price₹302.50
Buy₹19,283,54213 Mar 19
Trishashna Holdings & Investments Private Limited
EntityCompany
Shares61,172
Max Price₹319.96
Buy₹1,375,04202 Mar 19
Trishashna Holdings & Investments Private Limited
EntityCompany
Shares5,000
Max Price₹275.01
Buy₹10,517,39702 Mar 19
Wisteria Holdings & Investments Private Limted
EntityCompany
Shares40,175
Max Price₹268.65
Buy₹1,117,31403 Oct 18
Sanjay Mahajan
EntityIndividual
Role
Chief Information Officer
Chief Information Officer
Shares3,525
Max Price₹316.97

Ownership Breakdown


Management Team

  • Harvinder Singh (59yo)

    Chairman & MD

    • Tenure: 8.8yrs
    • Compensation: ₹18.74m
  • Jugal Kataria (52yo)

    Chief Financial Officer

    • Tenure: 0.0yrs
    • Compensation: ₹9.18m
  • Ashish Gupta (36yo)

    Head of Finance

    • Tenure: 0.0yrs
  • Subir Chowdhury (46yo)

    Chief Human Resource Officer

    • Tenure: 0.0yrs
  • Runveer Choudhary (38yo)

    Compliance Officer & Company Secretary

    • Tenure: 0.0yrs
    • Compensation: ₹3.10m
  • Sanjay Mahajan (51yo)

    Chief Information Officer

    • Tenure: 0.0yrs
  • Partha Sengupta (47yo)

    Chief Process & Risk Officer

    • Tenure: 1.1yrs
  • Amit Gupta (39yo)

    Head of Accounts

    • Tenure: 0.0yrs
  • Dev Verma (47yo)

    Chief Operating Officer

    • Tenure: 3.6yrs
  • Sushil Menon (43yo)

    Vice President of IT

    • Tenure: 0.0yrs

Board Members

  • Harvinder Singh (59yo)

    Chairman & MD

    • Tenure: 8.8yrs
    • Compensation: ₹18.74m
  • Satvinder Singh (53yo)

    Non-Executive Non-Independent Director

    • Tenure: 28.8yrs
    • Compensation: ₹245.00k
  • Rakesh Sachdeva (61yo)

    Non Executive Independent Director

    • Tenure: 20.3yrs
    • Compensation: ₹310.00k
  • Sundeep Mehta (58yo)

    Non Executive Independent Director

    • Tenure: 6.5yrs
    • Compensation: ₹325.00k
  • Sangeeta Khorana (56yo)

    Non Executive Independent Director

    • Tenure: 6.0yrs
    • Compensation: ₹140.00k
  • Goh Colin (52yo)

    Non-Executive Independent Director

    • Tenure: 4.8yrs
    • Compensation: ₹50.00k
  • Sanjay Bhatia (55yo)

    Non Executive Independent Director

    • Tenure: 4.7yrs
    • Compensation: ₹155.00k
  • Arthur Sletteberg (59yo)

    Nominee Director

    • Tenure: 4.3yrs
  • Anil Kalra (64yo)

    Non-Executive Independent Director

    • Tenure: 4.6yrs
    • Compensation: ₹190.00k
  • Daniel Jacobs

    Nominee Director

    • Tenure: 1.6yrs

Company Information

Satin Creditcare Network Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Satin Creditcare Network Limited
  • Ticker: 539404
  • Exchange: BSE
  • Founded: 1990
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹13.530b
  • Shares outstanding: 51.64m
  • Website: https://www.satincreditcare.com

Number of Employees


Location

  • Satin Creditcare Network Limited
  • Plot No. 97
  • Floors 1 & 3
  • Gurugram
  • Haryana
  • 122003
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539404BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2015
SATINNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2015

Biography

Satin Creditcare Network Limited, a non-banking finance company, provides micro finance in India. The company provides collateral free, microcredit facilities to economically active women in rural, semi-ur ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 12:52
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
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.