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Swing Capital

Satin Creditcare Network Ltd

NSE: SATIN BSE: 539404Finance

Satin Network Limited (SCNL) is a leading microfinance institution (MFI) with presence in 23 states & union territory and 95,000 villages. The company offers a bouquet of financial products in the Non‐MFI segment (comprising loans to MSMEs), a housing finance subsidiary, and business correspondent services and similar services to other financial Institutions through Taraashna Financial Services Limited (TFSL), a business correspondent company and a 100% subsidiary of SCNL.[1]

₹219
52W: ₹133 — ₹246
PE 8.07 · Book ₹283 · -23% vs book
Market Cap₹2,423 Cr
Stock P/E8.07Price to Earnings
ROCE13.5%Return on Capital
ROE10.1%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.76 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 11.7% over last 3 years.
  • −Promoter holding has decreased over last 3 years: -3.28%

Shareholding Pattern

Promoters36.17%
FIIs3.52%
DIIs5.3%
Public54.58%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters36.17%36.17%36.17%36.17%36.17%36.17%36.17%36.17%
FIIs7.14%6.09%▼1.04.83%▼1.34.52%▼0.34.32%▼0.23.9%▼0.43.55%▼0.43.52%▼0.0
DIIs7.04%6.59%▼0.56.11%▼0.56.35%▲0.27.15%▲0.85.18%▼2.05.18%5.3%▲0.1
Public49.21%50.7%▲1.552.45%▲1.852.53%▲0.151.92%▼0.654.3%▲2.454.67%▲0.454.58%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses168188210295367294315331310280
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit108125103423141435271137
EPS ₹9.8111.349.293.762.843.723.864.76.412.4

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹7Cr (7% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 5.3% (+0.11pp change). FIIs: 3.52% (-3.20pp change). Promoters hold 36.17%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 8.07x with 13.5% ROCE. Price is -23% above book value of ₹283. Dividend yield: 0%.

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