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RATING

RECOMMENDATION

Buy

Business Type

Traditional Business

  • unlisted stock logo
    Fincare Bank Unlisted Shares Essentials

Discover and get info on Fincare Bank stock price before buying, selling and investing - Read our Research report on Fincare Bank IPO For Information like - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News.

ISIN

INE519Q08079

Face Value

₹10.00

Total Share

6,30,00,000

Total Income

₹1,21,572.00

Profit After Tax

₹14,963.00

EPS

₹24.43

P/E

4.50

Market Capitalisation

₹693.00 Cr

Book Value

₹142.00

Sector

Financials

Sub-sector

Private Banks

Cashflow - Operations

₹46,938.00

Cashflow - Financing

₹17,941.00

Fincare Bank Growth

Compounded Sales Growth

  • 80.14%

    1 Year

  • 86.21%

    2 Year

  • 87.13%

    3 Year

Pro Only

Compounded Profit Growth

  • -17.57%

    1 Year

  • NA

    2 Year

  • NA

    3 Year

Pro Only

Return On Equity

  • 19.06%

    1 Year

  • 36.18%

    2 Year

  • -29.91%

    3 Year

Pro Only

About Fincare Bank

  • Fincare Small Finance Bank was established on 21st July 2017 when two NBFCs (Future Finance Services and Disha Microfin) came together.
  • Bank currently has 711 banking outlets across 19 states and Union Territories.
  • In the first quarter of FY20, Fincare Small Finance Bank was included in the Second Schedule of the Reserve Bank of India Act, 1934.


Key Clientele: 

  • The key cliental of the Banks are retail customers, business enterprises and individual customers.


Key facts:

  • The bank has a strong presence in India with 25 Lakh plus active customer base.
  • It has recorded total revenue of Rs. 1070 Cr.  and Net NPA of 0.4% in FY20.

  • Fincare Bank Funding

Funded By Funding Amount Date of Investment Funding Round Fund Name
Motilal Oswal Private Equity ₹ 190 Cr 03 May 2021 1 -
  • Fincare Bank Revenue Segmentation

  • Retail Banking
  • treasury
  • Corporate/wholesale banking
  • Fincare Bank Product & Services

  • Payment Solutions 
  • Banking Automation Solutions
  • Automation solutions for Retail, Petroleum and Color sectors

  • Fincare Bank Industry Overview

Industry Statistics

  • The Indian banking sector is known for its stability and ability to somewhat shield itself from external risks and although adverse economic conditions at both the domestic and global level provided headwinds for the banking sector during FY2019, the sector was able to maintain its positive trend.
  • The overall financial health of India’s banking sector improved in FY2019. This was the result of declining NPAs, particularly of the public sector banks, as well as policy measures adopted by the RBI.
  • Total assets of the banking sector in India grew at the CAGR of 8.1% from FY2016 to FY2019.
  • According to a recent Survey India will become third largest domestic banking sector by 2050 after China and U. S. Bank credit rose 13.2% to ₹98 lakh Cr. for the fortnight to March 29, 2019. For the same period, deposits grew by 10.3% to ₹125lakh Cr.

Future Prospects

  • India Banking Market is projected to grow at a double digit CAGR during 2019-2024 owing to rising disposable income, growing digital payment system in the country, growing bank branch networks and entrance of the foreign banks in Indian market.
  • According to a recent Survey India will become third largest domestic banking sector by 2050 after China and U. S. Bank credit rose 13.2% to INR 98 lakh Cr. for the fortnight to March 29, 2019. For the same period, deposits grew by 10.3% to ₹125lakh Cr.
  • According to RBI, India’s foreign exchange reserves reached INR 43 lakh Cr., as of February 5, 2021. According to RBI, bank credit and deposits stood at Rs. 106 lakh Cr. and Rs. 146 lakh Cr. respectively, as of January 15, 2021.

Government Initiatives

  • As of January 27, 2021, the number of bank accounts opened under the Government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY) reached 42 Cr. and deposits in Jan Dhan bank accounts stood at more than INR 1.3 lakh Cr.
  • In October 2020, HDFC Bank and Apollo Hospitals partnered to launch the ‘HealthyLife Programme’, a holistic healthcare solution that makes healthy living accessible and affordable on Apollo’s digital platform.
  • In March 2020, State Bank of India (SBI), India’s largest lender, raised INR 733 Cr. in green bonds through private placement.
  • On November 6, 2020, WhatsApp started UPI payments service in India on receiving the National Payments Corporation of India (NPCI) approval to ‘Go Live’ on UPI in a graded manner.         

Fincare Bank Strengths

  • During the financial year 2019-2020, total income of the company is INR 1,216 Cr. as against INR 675 Cr. in the previous year recording a growth of 80%
  • The Loan Assets under Management of the Company as of March 31, 2020, increased to INR 5,345 Cr. from INR 3,530 Cr. in the previous year.
  • For the last two year company’s revenue has been increasing with CAGR of 90%.
  • Company’s Gross Non-performing assets have decreased from 0.7% in 2018 to 0.4% in 2020.
  • The bank has a vision of extending banking service to common people of rural areas, and Government is also taking decisions to prove financial infrastructure to the rural population of the country. So the branches in rural part of the country can yield good revenue in future. 

Fincare Bank Shortcomings

  • A substantial portion of banking outlets of Fincare Small Finance Bank are located in and a significant portion of advances are originated from four states (Tamil Nadu, Gujarat, Karnataka and Madhya Pradesh), making bank vulnerable to risks associated with having geographically concentrated operations
  • Company operating expenses have increased from INR 296 Cr. in 2019 to INR 426 Cr. in 2020.
  • Company’s borrowings have increased, in comparison to FY19, primarily due to its expansion plans. 

Fincare Bank Opportunities

  • Due to many government schemes like Pradhan Mantri Jan Dhan Yojana (PMJDY), providing affordable access to financial services to rural India. There is a huge opportunity in rural parts of India.

Fincare Bank Threats

  • Due to inadequate technical infrastructure in rural parts of India and due to Covid-19 restrictions there is a reduction in customer footfall at the bank
  • High competition from big banks such as SBI, HDFC, Axis bank.

Fincare Bank Rating

  • RECOMMENDATION

    Buy

  • Fincare Bank Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

Registered Date

01/05/2017

Planify Ticker

FINCA

Reg Office: Floor V, Bren Mercury Kaikondanashalli, Sarjapur Main Road Bengaluru-560035

Website: https://www.fincarebank.com/