Inditrade Capital Q2 FY23 Share Price & Earnings Call Analysis
- Market cap
- ₹6 Cr
- ROE
- -72.26%
- Price to sales
- 0.11
- Debt to equity
- 2.44
- 52W high / low
- ₹5.95 / ₹2.17
- Sales growth (5Y)
- -16.62%
- EBITDA margin
- -200.32%
- Net profit margin
- -197.83%
- Promoter holding
- 6.41%
- Sales (last year)
- ₹53 Cr
Incorporated in 1994, Inditrade Capital Ltd is in the business of loans and investments[1]
Guidance scorecard · Q2 FY23 call
What Inditrade Capital Ltd's management guided
and where it ranks in Finance
RevenueQ2 FY23 call
10–20%- The company is optimistic about a strong growth phase following the COVID-19 pandemic's challenges.
- Capital is being increased through a Rights Issue at a significant discount to book value to fund growth.
- Expansion plans include consolidating the Microfinance business via the Janakalyan Microfinance merger to cover 13 states.
- Microfinance and Inditrade Rural Marketing are identified as key growth areas needing capital infusion.
- MSME business is also expanding geographically, recently moving into Chandigarh and Chennai, besides existing cities like Mumbai, Pune, Delhi, Hyderabad, and Bengaluru.
- The consolidated microfinance portfolio is expected to be well-balanced and geographically diversified after mergers.
2 more points from Inditrade Capital Ltd's call on revenue
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MarginsQ2 FY23 call
FlatSee what Inditrade Capital Ltd said on margins — free account, 30 seconds.
CapexQ2 FY23 call
Planned- Inditrade Capital is raising capital through a Rights Issue to support growth in key businesses.
- The Rights Issue offers 5 fresh equity shares at Rs. 45 per share, at a significant discount to the book value (Rs. 90+).
- The focus is on expanding these existing businesses rather than new ventures.
- Post-merger with Janakalyan Microfinance, capital will support a geographically diversified and larger microfinance portfolio across 13 states.
2 more points from Inditrade Capital Ltd's call on capex
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FundraisingQ2 FY23 call
PlannedSee what Inditrade Capital Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY23 call
- The company reported an Assets Under Management (AUM) of Rs. 585 Crores as of September 30, 2022.
- Disbursements during the quarter totaled Rs. 140 Crores, up from Rs. 113 Crores in the previous quarter.
- The microfinance and MSME segments contributed to disbursements with Microfinance disbursing Rs. 63.32 Crores over three months and MSME Rs. 51.38 Crores.
2 more points from Inditrade Capital Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Finance companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹2,742 Cr | 71.8 | |
| 2 | 40%+ | Up 2%+ | ₹464 Cr | 23.9 | |
| 3 | 40%+ | Up 0–2% | ₹961 Cr | 32.7 | |
| 4 | 40%+ | Flat | ₹23,820 Cr | 21.1 | |
| 5 | 40%+ | Flat | ₹16,498 Cr | 72.4 | |
| 6 | 40%+ | Flat | ₹15,549 Cr | — |
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Pro shows every company guiding 40%+ revenue growth →Full Finance rankingFinancials of Inditrade Capital Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Inditrade Capital Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 57 | 45 | 54 | 42 | 34 | 44 | 41 | 41 | 41 | 29 | 22 | 13 | -10 |
| Expenses + | 42 | 31 | 41 | 32 | 55 | 35 | 35 | 32 | 36 | 24 | 29 | 17 | 91 |
| Operating Profit | 14 | 14 | 13 | 11 | -20 | 10 | 5 | 10 | 5 | 6 | -7 | -4 | -101 |
| OPM % | 26% | 31% | 24% | 25% | -59% | 22% | 13% | 23% | 12% | 19% | -34% | -30% | |
| Other Income + | -2 | 1 | 2 | 0 | 2 | 1 | 5 | 0 | 4 | 1 | 0 | 4 | 6 |
| Interest | 9 | 10 | 9 | 8 | 8 | 8 | 6 | 7 | 6 | 5 | 4 | 6 | 4 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
| Profit before tax | 2 | 2 | 4 | 1 | -28 | 1 | 2 | 1 | 3 | 1 | -12 | -7 | -100 |
| Tax % | -64% | 56% | 25% | 45% | -11% | 56% | 83% | 20% | 53% | 75% | -81% | 4% | -4% |
| Net Profit + | 3 | 1 | 3 | 1 | -25 | 0 | 0 | 1 | 1 | 0 | -2 | -7 | -96 |
| EPS in Rs | 0.75 | 0.27 | 1.19 | 0.45 | -7.89 | -0.19 | -0.15 | 0.36 | 0.82 | 0.12 | -0.69 | -2.93 | -25.80 |
Financials of Inditrade Capital Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 30 | 40 | 48 | 48 | 75 | 76 | 132 | 178 | 200 | 175 | 167 | 53 |
| Expenses + | 29 | 24 | 27 | 37 | 50 | 42 | 80 | 138 | 156 | 157 | 137 | 160 |
| Operating Profit | 1 | 16 | 21 | 10 | 24 | 34 | 53 | 41 | 44 | 18 | 31 | -107 |
| OPM % | 4% | 40% | 43% | 21% | 32% | 45% | 40% | 23% | 22% | 10% | 18% | -200% |
| Other Income + | -1 | 1 | 2 | 3 | 1 | 9 | 5 | 4 | 1 | 4 | 10 | 11 |
| Interest | 0 | 0 | 1 | 1 | 9 | 22 | 35 | 29 | 33 | 36 | 28 | 20 |
| Depreciation | 4 | 1 | 1 | 1 | 1 | 0 | 2 | 3 | 5 | 6 | 6 | 3 |
| Profit before tax | -4 | 16 | 21 | 11 | 15 | 21 | 21 | 12 | 7 | -21 | 7 | -118 |
| Tax % | 25% | 16% | 16% | 25% | 21% | 25% | 30% | 31% | 46% | -1% | 56% | -11% |
| Net Profit + | -5 | 13 | 17 | 8 | 12 | 16 | 14 | 9 | 4 | -20 | 3 | -106 |
| EPS in Rs | -2.43 | 4.42 | 4.59 | 2.36 | 3.66 | 4.92 | 4.00 | 2.54 | 2.18 | -5.96 | 0.84 | -29.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Inditrade Capital Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 48 | 58 | 69 | 75 | 87 | 98 | 104 | 111 | 117 | 96 | 95 | 48 |
| Borrowings + | 0 | 0 | 0 | 48 | 130 | 210 | 207 | 257 | 385 | 256 | 150 | 174 |
| Other Liabilities + | 61 | 60 | 71 | 88 | 225 | 128 | 128 | 114 | 131 | 136 | 133 | 74 |
| Total Liabilities | 132 | 141 | 163 | 235 | 466 | 459 | 462 | 506 | 656 | 511 | 401 | 319 |
| Fixed Assets + | 6 | 4 | 2 | 4 | 4 | 3 | 9 | 9 | 34 | 32 | 30 | 23 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 47 | 53 | 5 | 2 | 0 | 0 | 1 | 10 | 11 | 11 | 14 | 13 |
| Other Assets + | 79 | 83 | 156 | 229 | 461 | 455 | 452 | 487 | 610 | 468 | 357 | 284 |
| Total Assets | 132 | 141 | 163 | 235 | 466 | 459 | 462 | 506 | 656 | 511 | 401 | 319 |
Financials of Inditrade Capital Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -1 | -3 | -46 | -49 | -75 | -71 | 33 | -36 | -81 | 104 | 91 | -45 |
| Cash from Investing Activity + | 5 | 6 | 53 | 12 | -19 | -4 | -3 | -12 | -19 | -3 | -7 | 27 |
| Cash from Financing Activity + | -0 | -0 | -0 | 48 | 96 | 57 | -7 | 49 | 128 | -129 | -105 | 18 |
| Net Cash Flow | 4 | 2 | 7 | 10 | 2 | -18 | 23 | 1 | 28 | -28 | -21 | -0 |
| Free Cash Flow | -1 | -3 | -46 | -50 | -76 | -72 | 29 | -39 | -111 | 101 | 87 | -41 |
| CFO/OP | -68% | -12% | -188% | -452% | -292% | -188% | 74% | -85% | -182% | 596% | 298% | 37% |
Financials of Inditrade Capital Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 166 | 130 | 96 | 247 | 248 | 109 | 8 | 11 | 16 | 56 | 114 | 161 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 166 | 130 | 96 | 247 | 248 | 109 | 8 | 11 | 16 | 56 | 114 | 161 |
| Working Capital Days | 199 | 226 | 506 | 547 | 563 | 39 | -20 | 145 | 57 | 174 | 153 | 196 |
| ROCE % | -1% | 14% | 17% | 7% | 10% | 12% | 14% | 10% | 8% | 3% | 9% | -31% |
Guidance history
How Inditrade Capital Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY23 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY22 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY22 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q2 FY22 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Inditrade Capital Ltd's management said in earlier quarters
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