Any current/future new fundraising through debt or equity?

Current borrowings stand at around Rs. 4,700 crores as of Q1FY25, up from Rs. 4,300 crores in Q4FY24. The company has diversified borrowing sources with more than 30 counterparties. Cost of funds is stable at 8.8%, with a CARE rating upgrade from A+ to AA- expected to reduce cost of funds by about 25-30 bps over the medium term. There is no explicit mention of immediate or planned equity fundraising in the current call. On leverage, management aims to increase from current 2.6x to around 3.5-4x over two years. This higher leverage is expected to deliver 4% ROA and 16% ROE. No direct statement

Future growth expectations in sales/revenue/volumes?

AUM growth guidance remains strong at 30%-35% annually. Disbursement growth reported at 23% year-on-year for Q1FY25. Plans to add 40-42 branches annually for the next several years to deepen market presence. Ticket size to remain stable around Rs. 10 lakhs with slight inflationary adjustment possible. Expansion focused on Tier 2 and Tier 3 cities across 15 states, with significant scope for deeper penetration. Operational efficiency improvements expected to reduce opex-to-AUM by 15-20 bps annually. Yield and margins are guided to be stable at around 6%. Continued digital initiatives to improve

Future growth expectations in earnings/operating earnings/profits/EPS?

AUM growth guidance is maintained at 30%-35% annually. Loan disbursement growth seen at 23% in Q1, with optimism for higher disbursements in H2 and subsequent quarters. Operating expenses to AUM ratio expected to reduce by 15-20 bps year-on-year over the next two to three years due to operating leverage. Per-employee productivity targeted to increase from 6 to 6.5-7 sanctions/disbursements by FY25-26. Leverage currently at 2.6x, with guidance to reach 3.5-4x in 2 years, leading to expected ROA of ~4% and ROE of ~16%. Margins targeted to remain stable at around 6% despite fluctuations in cost o

INDIA SHELTE FINQ1 FY25Finance

INDIA SHELTE FIN Q1 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹646P/E: 13.5Market Cap: ₹7.1K CrSector: Finance

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

AUM growth guidance remains strong at 30%-35% annually.
Disbursement growth reported at 23% year-on-year for Q1FY25.
Plans to add 40-42 branches annually for the next several years to deepen market presence.
Ticket size to remain stable around Rs. 10 lakhs with slight inflationary adjustment possible.
Expansion focused on Tier 2 and Tier 3 cities across 15 states, with significant scope for deeper penetration.
Operational efficiency improvements expected to reduce opex-to-AUM by 15-20 bps annually.
Yield and margins are guided to be stable at around 6%.
Continued digital initiatives to improve productivity and collection efficiency.
Asset quality remains stable with credit costs around 40 bps, supporting sustainable growth.
Leverage expected to increase from current 2.6x to around 3.5-4x over two years, enabling enhanced ROA (~4%) and ROE (~16%).

Margin guidance

Category 3

AUM growth guidance is maintained at 30%-35% annually.
Loan disbursement growth seen at 23% in Q1, with optimism for higher disbursements in H2 and subsequent quarters.
Operating expenses to AUM ratio expected to reduce by 15-20 bps year-on-year over the next two to three years due to operating leverage.
Per-employee productivity targeted to increase from 6 to 6.5-7 sanctions/disbursements by FY25-26.
Leverage currently at 2.6x, with guidance to reach 3.5-4x in 2 years, leading to expected ROA of ~4% and ROE of ~16%.
Margins targeted to remain stable at around 6% despite fluctuations in cost of funds.
Credit cost guidance remains at approximately 40 bps.
Profit After Tax (PAT) grew 77% YoY in Q1, with ROE improving to 14.3%.
Overall, steady growth in earnings and improved operating efficiency are expected over the medium term.

See what INDIA SHELTE FIN management said on margin guidance — free account, 30 seconds.

Fundraise plans

Current borrowings stand at around Rs. 4,700 crores as of Q1FY25, up from Rs. 4,300 crores in Q4FY24.
The company has diversified borrowing sources with more than 30 counterparties.
Cost of funds is stable at 8.8%, with a CARE rating upgrade from A+ to AA- expected to reduce cost of funds by about 25-30 bps over the medium term.
There is no explicit mention of immediate or planned equity fundraising in the current call.
On leverage, management aims to increase from current 2.6x to around 3.5-4x over two years.
This higher leverage is expected to deliver 4% ROA and 16% ROE.
No direct statement on planned fresh debt issuances, but the leverage guidance implies future debt raising.
Overall, fundraising focus appears on debt with rating upgrades facilitating better terms. No current plans disclosed for equity fundraising.

Order book

The transcript and pages provided from India Shelter Finance Corporation Limited's earnings call do not mention any details about the company's current or expected order book or pending orders. The discussion primarily focuses on financial performance, loan portfolio, leverage, borrowing costs, asset quality, branch expansion, and operational metrics. Therefore, there is no information available in the document regarding order book or pending orders.

See what INDIA SHELTE FIN management said on order book — free account, 30 seconds.

Capex plans

Yes

The transcript from the India Shelter Finance Corporation Limited earnings call does not explicitly mention any current or future capex, capital investment, or strategic investment plans. However, some related points can be inferred: - The company plans to add 40-42 new branches during the current financial year and possibly for the next two to three years, focusing on deepening presence in existing geographies (15 states). - The branch expansion is largely in Tier 2 and Tier 3 cities within current geographic footprint, aiming for higher productivity and operational efficiency. - There is an emphasis on digital initiatives and data science teams for internal due diligence and monitoring, which may involve some technology investments. - No direct mention of large capex, strategic acquisitions, or capital investments beyond branch expansion and technology/digitization efforts.

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