NSE₹2255.00+1.2%BSE₹1800.50-0.5%HDFC₹1650.10+0.8%TCS₹3500.00+2.1%RELIANCE₹2800.00-0.3%INFY₹1450.00+1.5%HINDUNILVR₹2500.00+0.9%ITC₹300.00-1.0%LT₹2000.00+1.8%SBIN₹600.00-0.2%AXISBANK₹700.00+0.4%ICICIBANK₹800.00+1.1%NSE₹2255.00+1.2%BSE₹1800.50-0.5%HDFC₹1650.10+0.8%TCS₹3500.00+2.1%RELIANCE₹2800.00-0.3%INFY₹1450.00+1.5%HINDUNILVR₹2500.00+0.9%ITC₹300.00-1.0%LT₹2000.00+1.8%SBIN₹600.00-0.2%AXISBANK₹700.00+0.4%ICICIBANK₹800.00+1.1%
Utkarsh CoreInvest Limited

Utkarsh CoreInvest Limited

₹2,100 - ₹3,500
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Fundamentals

Quick Insights

  • Strong Financial Position: Utkarsh Coreinvest Limited has a robust financial position with a net worth of ₹850.49 crore as of March 31, 2024, indicating a strong financial health and stability.
  • Process-Centric Services: The company offers process-centric banking and microfinance services, which ensure reliability and efficiency in service delivery.
  • Technology-Enabled Platform: Utkarsh Coreinvest leverages technology to enhance its services, making them accessible and user-friendly, which is crucial in the digital age.
  • Extensive Network: The company has significantly expanded its operations, boasting 888 banking outlets, 320 ATMs, and 612 micro ATMs across 224 districts of 22 states and 4 union territories, providing a broad geographical presence and enhanced accessibility to customers.
Market Cap₹2,186.50 Cr
PE Ratio6.63
EPS33.19
Dividend Yield0%
Book Value₹292.9
Debt/Equity1.20
Price/Book0.75
Industry PE0
Sales3140.36 Cr
Profit After Tax329.84 Cr
ISININE396P01012
SectorFinancial Services
About Company

Utkarsh CoreInvest Limited (formerly Utkarsh Micro Finance Limited) is the parent company of Utkarsh Small Finance Bank. Utkarsh Micro Finance began operations in September 2009 to offer financial and non-financial services to underserved communities, helping those with skills but lacking capital.

Initially, the company provided credit through the Joint Liability Group (JLG) model. Over time, it expanded its offerings to include Micro Enterprise Loans (MEL), Housing Loans, and Micro Pension Products.

Latest News
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Strengths & Weaknesses

Strengths

Strong Financial Position: Utkarsh Coreinvest Limited has a robust financial position with a net worth of ₹850.49 crore as of March 31, 2024, indicating a strong financial health and stability.
Process-Centric Services: The company offers process-centric banking and microfinance services, which ensure reliability and efficiency in service delivery.
Technology-Enabled Platform: Utkarsh Coreinvest leverages technology to enhance its services, making them accessible and user-friendly, which is crucial in the digital age.
Extensive Network: The company has significantly expanded its operations, boasting 888 banking outlets, 320 ATMs, and 612 micro ATMs across 224 districts of 22 states and 4 union territories, providing a broad geographical presence and enhanced accessibility to customers.

Weaknesses

Limited Market Presence: The company may have a limited geographical presence, which could restrict its growth potential.
Competition: Operating in a highly competitive banking and finance sector, Utkarsh Coreinvest faces stiff competition from established players.
Annual Reports
FY24FY23FY22FY21FY20
Balance SheetFY24FY23FY22FY21FY20
Short Term Loans and Advances17650.0013548.799943.417925.356563.33
Cash & Cash Equivalents3029.052516.691871.961170.481616.04
Other Financial Assets3927.602983.252434.802439.681278.35
Total Financial Assets24606.6519048.7314250.1611535.519457.72
Fixed Assets (incl. WIP)535.94545.00471.64359.91295.71
Other Non Financial Assets200.85121.96210.24154.0069.82
Total Non Financial Assets736.79666.96681.88513.91365.54
Total Assets25343.4419715.6914932.0412049.429823.26
Borrowings3490.452726.562198.762227.873012.30
Other Financial Liabilities18911.1114877.9111171.338465.565714.18
Total Financial Liabilities22401.5617604.4713370.0910693.438726.48
Tax Liabilities (Deferred and Current)9.708.370.000.870.00
Provisions13.0012.045.846.495.02
Other Non-Financial Liabilities8.0914.3411.488.988.98
Total Non-Financial Liabilities30.8034.7517.3216.3414.00
Equity Capital98.7098.4298.3397.6497.39
Reserves2812.381978.041446.301241.97985.60
Total Equity2911.092076.461544.631339.611082.99
Equity + Liabilities25343.4419715.6914932.0412049.429823.26
Profit & LossFY24FY23FY22FY21FY20
Revenue from Operations3140.362744.771977.621695.981352.91
Growth %14.41%38.79%16.61%25.36%45.07%
Operating Expenses1159.71881.71677.97591.59424.92
Growth %31.53%30.05%14.60%39.22%-8.17%
Operating Profit1980.651863.061299.651104.39927.99
Op. Profit Margin %63.07%67.88%65.72%65.12%68.59%
Other Income243.18193.42117.1886.2564.2
Interest Expense1298.161024.71q799.3762.52589.53
Depreciation108.8974.2382.5559.0048.81
Impairment on financial instruments-378.37-226.14-453.85-332.78-77.53
Profit Before Tax438.41731.4081.1336.34276.32
Tax108.57177.5918.9110.873.8
Tax %24.76%24.28%23.31%29.72%26.71%
Profit After Tax329.84553.8162.2225.54202.52
Growth %-40.44%790.08%143.62%-87.39%-327.96%
PAT %10.50%20.18%3.15%1.51%14.97%
Diluted EPS33.1955.886.312.6020.69
Shareholding Pattern
ColorShareholderHolding
NMI Frontier Fund KS, Norway7.80%
British International Investment PLC (Formerly known as CDC Group PLC)13.90%
Faering Capital India Evolving FUND II7.76%
RBL Bank Limited9.83%
Others60.71%
Board of Directors
Mr. G. S. SundararajanNon- Executive Independent Director, Chairperson of the Board
Mr. Aditya Deepak ParekhNominee Director
Mr. Suman SaurabhManaging Director & CEO
Mr. AtulIndependent Director
Senior Management
Mr. Suman SaurabhManaging Director & CEO
Mr. Harshit AgrawalChief Financial Officer
Mr. Neeraj Kumar TiwariCompany Secretary & Compliance Officer