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5398

Equitas Holdings BSE:539844 Stock Report

Last Price

₹94.15

Market Cap

₹32.2b

7D

-8.8%

1Y

-22.2%

Updated

29 Sep, 2022

Data

Company Financials +
539844 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance2/6
Financial Health4/6
Dividends0/6

539844 Stock Overview

Equitas Holdings Limited, through its subsidiaries, operates as a non-banking financial institution in India.

Equitas Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Equitas Holdings
Historical stock prices
Current Share Price₹94.15
52 Week High₹144.85
52 Week Low₹76.00
Beta1.0
1 Month Change-5.94%
3 Month Change13.64%
1 Year Change-22.19%
3 Year Change-8.24%
5 Year Change-38.12%
Change since IPO-30.39%

Recent News & Updates

Shareholder Returns

539844IN Consumer FinanceIN Market
7D-8.8%-6.7%-4.6%
1Y-22.2%-5.7%-1.9%

Return vs Industry: 539844 underperformed the Indian Consumer Finance industry which returned -4.4% over the past year.

Return vs Market: 539844 underperformed the Indian Market which returned -1.9% over the past year.

Price Volatility

Is 539844's price volatile compared to industry and market?
539844 volatility
539844 Average Weekly Movement4.8%
Consumer Finance Industry Average Movement6.1%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 539844 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 539844's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200717,687A. Alexhttps://www.equitas.in

Equitas Holdings Limited, through its subsidiaries, operates as a non-banking financial institution in India. The company operates through Banking and Finance, and Others segments. It accepts current and savings accounts, and term deposits; offers micro finance loans, commercial vehicle finance, housing finance, loan against property, micro and small enterprises loans, agri loans, gold loans, business loans, etc.; and debit cards, third party insurance, mutual fund products, and internet and mobile banking services, as well as issues FASTag.

Equitas Holdings Fundamentals Summary

How do Equitas Holdings's earnings and revenue compare to its market cap?
539844 fundamental statistics
Market Cap₹32.18b
Earnings (TTM)₹2.19b
Revenue (TTM)₹22.14b

14.7x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
539844 income statement (TTM)
Revenue₹22.14b
Cost of Revenue₹242.90m
Gross Profit₹21.89b
Other Expenses₹19.71b
Earnings₹2.19b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.40
Gross Margin98.90%
Net Profit Margin9.88%
Debt/Equity Ratio84.1%

How did 539844 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 539844 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 539844?

Other financial metrics that can be useful for relative valuation.

539844 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 539844's PE Ratio compare to its peers?

539844 PE Ratio vs Peers
The above table shows the PE ratio for 539844 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.3x
540749 MAS Financial Services
23.2xn/a₹39.2b
532900 Paisalo Digital
37xn/a₹30.8b
531213 Manappuram Finance
6.8x16.0%₹79.7b
539874 Ujjivan Financial Services
18.1x57.2%₹24.9b
539844 Equitas Holdings
14.7x45.9%₹32.2b

Price-To-Earnings vs Peers: 539844 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (21.3x).


Price to Earnings Ratio vs Industry

How does 539844's PE Ratio compare vs other companies in the IN Consumer Finance Industry?

Price-To-Earnings vs Industry: 539844 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the Indian Consumer Finance industry average (28.6x)


Price to Earnings Ratio vs Fair Ratio

What is 539844's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

539844 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ratio29.1x

Price-To-Earnings vs Fair Ratio: 539844 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (29.1x).


Share Price vs Fair Value

What is the Fair Price of 539844 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 539844 (₹94.15) is trading above our estimate of fair value (₹18.31)

Significantly Below Fair Value: 539844 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Equitas Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


45.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 539844's forecast earnings growth (45.9% per year) is above the savings rate (6.8%).

Earnings vs Market: 539844's earnings (45.9% per year) are forecast to grow faster than the Indian market (18.5% per year).

High Growth Earnings: 539844's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 539844's revenue (24.8% per year) is forecast to grow faster than the Indian market (10.5% per year).

High Growth Revenue: 539844's revenue (24.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 539844's Return on Equity is forecast to be low in 3 years time (15.4%).


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Past Performance

How has Equitas Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 539844 has high quality earnings.

Growing Profit Margin: 539844's current net profit margins (9.9%) are lower than last year (21.4%).


Past Earnings Growth Analysis

Earnings Trend: 539844's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: 539844's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 539844 had negative earnings growth (-49.6%) over the past year, making it difficult to compare to the Consumer Finance industry average (14.6%).


Return on Equity

High ROE: 539844's Return on Equity (6.5%) is considered low.


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Financial Health

How is Equitas Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 539844's short term assets (₹223.0B) exceed its short term liabilities (₹215.9B).

Long Term Liabilities: 539844's short term assets (₹223.0B) exceed its long term liabilities (₹15.6B).


Debt to Equity History and Analysis

Debt Level: 539844's net debt to equity ratio (35.1%) is considered satisfactory.

Reducing Debt: 539844's debt to equity ratio has reduced from 293.6% to 84.1% over the past 5 years.

Debt Coverage: 539844's debt is not well covered by operating cash flow (1.5%).

Interest Coverage: Insufficient data to determine if 539844's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Equitas Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Equitas Holdings Dividend Yield vs Market
How does Equitas Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Equitas Holdings)0%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Consumer Finance)0.6%
Analyst forecast in 3 Years (Equitas Holdings)n/a

Notable Dividend: Unable to evaluate 539844's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 539844'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 539844's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 539844's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 539844 is not paying a notable dividend for the Indian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 539844 has not reported any payouts.


Discover strong dividend paying companies

Management

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

6.3yrs

Average management tenure


CEO

A. Alex (65 yo)

2.83yrs

Tenure

₹9,852,000

Compensation

Mr. A. John Alex serves as Executive Director and Chief Executive Officer of Equitas Holdings Limited since November 8, 2019. He served as Executive Vice President of Inclusive Banking at Equitas Small Fin...


CEO Compensation Analysis

A. Alex's Compensation vs Equitas Holdings Earnings
How has A. Alex's remuneration changed compared to Equitas Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹2b

Mar 31 2022₹10m₹7m

₹2b

Dec 31 2021n/an/a

₹2b

Sep 30 2021n/an/a

₹4b

Jun 30 2021n/an/a

₹4b

Mar 31 2021₹7m₹5m

₹5b

Dec 31 2020n/an/a

₹4b

Sep 30 2020n/an/a

₹2b

Jun 30 2020n/an/a

₹2b

Mar 31 2020₹6m₹2m

₹2b

Compensation vs Market: A.'s total compensation ($USD120.53K) is below average for companies of similar size in the Indian market ($USD304.54K).

Compensation vs Earnings: A.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 539844's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: 539844's board of directors are considered experienced (6.4 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.


Recent Insider Transactions

BSE:539844 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Dec 21Sell₹2,552,000P. KomalaIndividual20,000₹127.60

Ownership Breakdown

What is the ownership structure of 539844?
Owner TypeNumber of SharesOwnership Percentage
Private Companies22,500,0006.6%
Individual Insiders26,727,3147.8%
General Public96,583,64228.3%
Institutions195,979,15957.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 67.98% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.32%
Franklin Resources, Inc.
28,426,110₹2.7b-3.22%0.02%
7.83%
DSP Investment Managers Pvt. Ltd.
26,773,259₹2.5b5.93%0.38%
4.97%
Ashish Dhawan
17,000,000₹1.6b0%no data
4.73%
ICICI Prudential Asset Management Company Limited
16,159,018₹1.5b-16.76%0.05%
4.2%
International Finance Corporation
14,338,925₹1.4b0%1.46%
3.66%
Ellipsis Partners LLC
12,500,000₹1.2b0%no data
3.56%
Massachusetts Institute of Technology Investment Management Company
12,158,266₹1.1b0%1.26%
2.93%
Rimco India Limited
10,000,000₹941.5m0%no data
2.83%
SBI Funds Management Limited
9,680,756₹911.4m31.14%0.02%
2.72%
British International Investment Plc
9,284,820₹874.2m0%2.43%
2.43%
P. Komala
8,318,999₹783.2m0.08%no data
2.11%
Al Mehwar Commercial Investments L.L.C.
7,221,938₹679.9m-23.57%2.15%
2.01%
ITI Asset Management Limited
6,871,779₹647.0m0%30.92%
1.9%
Aditya Birla Sun Life AMC Limited
6,492,807₹611.3m0%0.05%
1.6%
Sundaram Asset Management Company Ltd.
5,459,059₹514.0m34.48%0.17%
1.54%
Edelweiss Asset Management Limited
5,251,765₹494.5m-25.24%0.18%
1.38%
Highwest Global Management, LLC
4,723,048₹444.7m4.88%no data
1.34%
Mirae Asset Global Investments Co., Ltd
4,572,016₹430.5m-5.42%0.01%
1.26%
Societe Generale Group, Banking Investments
4,302,358₹405.1m0%0.05%
1.24%
Canara Robeco Asset Management Company Ltd
4,226,963₹398.0m15.71%0.09%
1.17%
TT International Investment Management LLP
4,011,896₹377.7m-19.53%0.2%
1.13%
Helion Venture Partners, LLC
3,858,650₹363.3m0%22.04%
1.09%
Marble Bar Asset Management LLP
3,716,155₹349.9m-20.13%528.72%
1.03%
The Vanguard Group, Inc.
3,525,022₹331.9m0%no data
1.02%
Mine Superannuation Fund
3,471,362₹326.8m0%43.95%

Company Information

Equitas Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Equitas Holdings Limited
  • Ticker: 539844
  • Exchange: BSE
  • Founded: 2007
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Implied Market Cap: ₹32.180b
  • Shares outstanding: 341.79m
  • Website: https://www.equitas.in

Number of Employees


Location

  • Equitas Holdings Limited
  • 410A, Spencer Plaza
  • 4th Floor
  • Chennai
  • Tamil Nadu
  • 600002
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539844BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2016
EQUITASNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.