{"id":110120,"date":"2023-09-15T13:44:56","date_gmt":"2023-09-15T08:14:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110120"},"modified":"2023-09-15T15:07:34","modified_gmt":"2023-09-15T09:37:34","slug":"nbfc-surges-11-after-company-reports-strong-future-business-growth-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-surges-11-after-company-reports-strong-future-business-growth-check-the-details\/","title":{"rendered":"NBFC surges 11% after company reports strong future business growth; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-401456680\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE Smallcap stock is part of Massachusetts Institute of Technology (MIT, USA), Birla Group and SBI Group\u2019s portfolio and rose over 9% within the first half hour of markets opening after it reported growth on multiple fronts in its analysts\u2019 day presentation filed on 14th September 2023. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2445668567\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company has a market cap of Rs. 2328 crore and trades currently at Rs. 233.85, which is 11% and 41% from its 20 day and 200 day moving averages respectively; placing the stock just 4% from the 52 week high.\u00a0<\/p><p>Satin Creditcare Network Ltd (\u201cSatin\u201d) reported considerable growth in Q1, in the aforementioned investor presentation. First of which is growth in disbursements from focus on client acquisition which is 27% YoY from Rs. 1,554 crore to Rs. 1,980 crore.&nbsp;<\/p><p>Assets under management (AUM) grew 31% YoY from Rs. 6,356 crore to Rs. 8,357 crore. AUM has shown consistent progress on a QoQ basis as well, increasing linearly by close to 5% QoQ for the last 4 quarters. Another thing to note is that the company has achieved the milestone of Rs. 9,000 crore of AUM on a consolidated basis.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2048190769\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company boasts a collection efficiency of 99.6% and a steadily declining Gross NPA which now stands at 2.5%, down 140 bps from 3.9% 3 quarters ago. On the operational front, the company has reduced its Operating Expense to AUM ratio by 110 bps to 5.8% YoY and Cost to Income Ratio by a whopping 980 bps to 48.9% YoY.&nbsp;<\/p><p>Satin\u2019s strategy toward efficiency and expansion is evident in growth in absolute terms as well. Its branches now stand at 1,310 with 2.8 million customers. AUM\/ Branch has expanded from 5.77 to 7.26 crore YoY and AUM\/ Loan Officer from 1.05 to 1.27 crore YoY. The company has set ambitious goals for the next 5 years as well, further aiming to reduce costs and maximize per unit asset of the company, tangible and intangible.&nbsp;<\/p><p>Satin is a 2 year and 3 year multibagger,returning 192% and 255% respectively. Meaning , if you invested Rs. 1 lakh into Satin 2 years ago it would now be worth close to Rs. 3 lakh!&nbsp; Satin Creditcare Network is a non-banking finance company, provides microfinance services in India. It is present mainly in North India, planning expansions through the 740+ districts in India, currently at 53% of districts\u2019 presence.&nbsp;<\/p><p>The promoters have increased their stake in the company by nearly 200 bps in Q1 FY24 and released all pledges which was previously at 2% of their holding. The company also has 12% FII &amp; DII holding with the remaining being held by the public having no short interest.&nbsp;<\/p><p><strong>Written by Sandeep R<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1292584451\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE Smallcap stock is part of Massachusetts Institute of Technology (MIT, USA), Birla Group and SBI Group\u2019s portfolio and rose over 9% within the first half hour of markets opening after it reported growth on multiple fronts in its analysts\u2019 day presentation filed on 14th September 2023. The company has a market cap [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-110120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NBFC surges 11% after company reports strong future business growth; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE Smallcap stock is part of Massachusetts Institute of Technology (MIT, USA), Birla Group and SBI Group\u2019s portfolio and rose over 9% within the first half hour of markets opening after it reported growth on multiple fronts in its analysts\u2019 day presentation filed on 14th September 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/nbfc-surges-11-after-company-reports-strong-future-business-growth-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBFC surges 11% after company reports strong future business growth; 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