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SK Finance Limited

  • https://www.skfin.in/
  • Sector: Banks/NBFC
  • CHRYSEUM SCORE: 7.50/10.00
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    SK Finance Limited

    • Sector: Banks/NBFC
    • CHRYSEUM SCORE: 7.50/10.00

    Description: SK Finance Limited offers instant commercial auto, bike, and Small business loans in India.

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/B of Company

    2.47

    Avg P/B of Key Peers

    2.18

    P/B of Industry

    1.99

    Valuation Score

    1.00

    The Valuation Score depicts if the company is available at a discount when compared to its listed peer & its Industry Average. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    38.59%

    PAT Growth

    50.73%

    BVPS Growth

    47.36%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales, PAT and the BVPS on a 3 year CAGR basis.

    Key Metrics

    Max Score: 1.50

    ROA

    2.53%

    Net NPA

    2.47%

    Capital Adequacy

    33.86%

    Key Metrics Score

    1.50

    The Other Key Metrics takes into consideration the Return on Asset, Net NPA and CAR of the company.ROA & NNPA are compared to the company’s peer averages.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹575.00 0.00 (0.00%)

As on 13 Sep, 2024
L 575.00 52 Week Range H 575.00
Company Description : The Rajasthan based company SK Finance has a vintage of over 28 years in the used vehicle finance segment, offering instant commercial auto, bike & small business loans in India
Company Overview
  • Name of Company SK Finance Limited
  • Sector Banks/NBFC
  • ISIN INE124N01021
  • Scrip Code SK Finance
  • CIN U65923RJ1994PLC009051
  • Pan No AAACE5115F
  • Face Value 2
  • Price ₹ 575.00
  • No. of Shares outstanding 13.37 Cr.
  • Market Cap ₹ 7,690.34 Cr
Financials
  • Revenue from operations ₹ 1,791.19 Cr.
  • EBITDA ₹ 1,182.77 Cr.
  • EBITDA Margin % 66.03%
  • Profit After Tax ₹ 311.92 Cr.
  • PAT Margin % 17.35%
  • EPS 23.32
  • Stock P/E 24.66
  • Book Value Per Share 232.43
  • P/B 2.47
  • Debt/Equity 2.38
Other Key Statistics
  • 52 week High/Low 575.00/575.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00
  • Sales Growth - 3 years 38.59%
  • EBITDA Growth - 3 years 39.92%
  • PAT Growth - 3 years 50.73%
  • EPS Growth - 3 years 50.73%
  • ROE 10.03%
  • ROCE 36.60%
  • Cash Equivalents 1964.76
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name SK Finance Limited Mahindra & Mahindra Financial Services Ltd Shriram Finance Ltd
Listing Status Unlisted Listed Listed
Revenue from Operations 1,791.19 15,796.85 36,379.52
Total Income 1,797.94 15,970.32 36,412.99
Finance Cost 747.34 6,959.20 15,521.76
Depreciation & Amortization 36.11 274.85 587.60
Total Expenses 1,398.62 13,438.25 26,452.82
EBITDA 1,182.77 9,766.12 26,069.53
PAT 311.92 1,943.05 7,398.89
No. of Shares Outstanding 13.37 123.55 37.58
EPS (in ₹) 23.32 15.73 196.89
Share Capital 13.37 246.88 375.79
Total Net Worth 3,108.58 19,974.86 49,676.69
Total Assets 12,309.12 123,715.79 248,265.94
Total Debt 7,398.32 56,789.54 100,152.44
Key Metrics:
CMP* 575.00 320.75 3,532.10
Market Cap (In Cr.) 7,690.34 39,628.66 132,736.32
Market Cap/Sales 4.28 2.48 3.65
EPS (Earnings Per Share) 23.32 15.73 196.89
BVPS (Book Value Per Share) 232.43 161.67 1,321.92
P/E 24.66 20.39 17.94
P/BV 2.47 1.98 2.67
EBITDA Margin 66.03% 61.82% 71.66%
ROE 10.03% 9.73% 14.89%
ROA 2.53% 1.57% 2.98%
Net NPA (%) 2.47% 3.36% 2.70%
Capital Adequacy 33.86% 18.86% 20.30%
*Market Price in ₹ as on 13 Sep, 2024

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 1,791.19 1,302.77 814.38 672.86 572.49
Y-o-Y Revenue Growth 37.49% 59.97% 21.03% 17.53% 52.03%
Other Income 6.75 11.47 6.30 9.63 9.91
Total Income 1,797.94 1,314.24 820.68 682.49 582.40
Total Expenses (Excludes Interest and Depreciation) 615.17 451.35 280.45 250.73 236.24
Operating Profit (After deducting Depreciation) 1,139.91 826.22 518.12 410.80 328.07
OPM % 63.64 63.42 63.62 61.05 57.31
EBITDA 1,182.77 862.89 540.23 431.76 346.16
Depreciation 36.11 25.20 15.81 11.33 8.18
EBIT 1,146.66 837.69 524.42 420.43 337.98
Interest 747.34 547.48 346.82 297.01 232.48
EBT before Exceptional Items 399.32 290.21 177.60 123.42 105.50
Prior period/Exceptional /Extra Ordinary Items 0.00 0.00 0.00 0.00 0.00
Profit before tax/EBT 399.32 290.21 177.60 123.42 105.50
Tax 87.40 67.42 34.73 32.33 26.97
Net Profit 311.92 222.79 142.87 91.09 78.53
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 311.92 222.79 142.87 91.09 78.53
EPS in Rs 23.32 16.66 10.68 6.81 5.87
EPS Change % 40.01% 55.94% 56.84% 15.99% 23.73%
EBITDA Change % 37.07% 59.73% 25.12% 24.73% 45.18%
Profit growth 40.01% 55.94% 56.84% 15.99% 23.73%
ROCE 36.60% 45.16% 32.51% 42.48% 37.86%
ROE 10.03% 12.15% 8.95% 9.38% 8.94%
Debt / Equity Ratio 2.38 2.91 2.80 3.28 1.43
Sales growth 3Years 38.59%
Sales growth 5Years 36.60%
Dividend per share 0.00

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 13.37 5.86 5.82 5.22 5.04
Reserves 3,095.21 1,827.88 1,590.62 966.26 873.69
Total shareholders' funds 3,108.58 1,833.74 1,596.44 971.48 878.73
Borrowings 7,398.32 5,328.18 4,477.36 3,184.06 1,255.71
Other Liabilities 250.26 168.22 149.54 140.95 1,384.60
Total Liabilities 9,200.55 7,221.92 4,635.53 3,330.55 2,647.72
Fixed Assets 179.73 132.64 103.38 58.52 46.10
Capital WIP 2.08 4.18 0.00 0.00 0.00
Investments 287.55 526.12 781.84 258.88 138.37
Other Assets 154.89 133.91 47.13 42.97 39.81
Total Assets 12,309.12 9,055.66 6,231.96 4,302.03 3,526.44
Cash Equivalents 1,964.76 1,219.79 617.90 618.42 432.82
Total Current liability 9,175.81 7,200.74 4,618.65 3,312.25 2,633.80
Total Assets -Total Current liabilty 3,133.31 1,854.92 1,613.31 989.78 892.64

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity -2,321.61 -2,243.40 -1,228.15 -366.29 -1,001.10
Net Cash from / (used in) Investing Activity -791.56 280.85 -560.02 -133.43 -265.98
Net Cash from / (used in) Financing Activity 2,765.68 2,545.48 1,745.41 670.66 1,255.39
Net Inc/Dec In Cash And Cash Equivalents -347.49 582.93 -58.76 170.95 -11.69

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 4.33 32.39%
Non Promoters 9.04 67.61%

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