Any current/future new fundraising through debt or equity?

The company recently raised Rs. 20 Crores through a listed NCD from SBI Caps at an interest rate of 11%. They have also received sanctions from some PSU banks like Punjab National Bank but have not yet drawn funds from these. Bank loans are expected to be much cheaper, and finalization of rates is underway. The company raised money through debt instruments such as 7-year and 10-year subordinated debt. Currently, the company is comfortable with minimum leverage and is grossly underleveraged on their balance sheet. No explicit mention of immediate equity fundraising was made in the discussion on

Any current/future capex/capital investment/strategic investment?

Inditrade Capital Limited is acquiring technology, brand, and manpower from Boon Box to scale up their retail distribution business, focusing on consumer products cross-sell through microfinance channels (Page 11). They plan to leverage Boon Box's advanced software and experienced team to build a distribution ecosystem involving multiple microfinance companies and business correspondents (Page 11). There is an ongoing acquisition process related to Inthree Access Private Limited, involving recruitment of technology personnel and acquisition of software and trademark to enhance the company's di

Future growth expectations in sales/revenue/volumes?

The company expects to grow primarily by acquiring new customers within existing states (Bihar, MP, Gujarat) rather than geographical expansion in the current fiscal year. Existing large states provide significant scope for volume increase without entering new states. Focus in microfinance is on lending to existing customers with repeat loans, which offers a steady growth run rate. Disbursements are gradually picking up post-COVID with calibrated lending, especially in microfinance. Digital lending volumes are increasing, driving higher marketing and operational expenses but are expect

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

The company aims to achieve better and better performance with continued stakeholder support (Page 22). Q2 FY20-21 showed significant improvement compared to Q1, with income nearly returning to Q4 last year levels indicating recovery momentum (Pages 3-4). Disbursement in microfinance loans is increasing cautiously, focusing on existing customers with potential for growth in current states like Bihar, MP, Gujarat (Pages 14-15). Collection efficiency is improving, targeting near 100% by December, which supports stable cash flow and earnings (Pages 12-13). Operating expenses, especially digital m

Inditrade Capital LtdQ2 FY21Finance

Inditrade Capital Ltd Q2 FY21 Earnings Call Analysis

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

Price: ₹2.51Market Cap: ₹6 CrSector: Finance

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

The company expects to grow primarily by acquiring new customers within existing states (Bihar, MP, Gujarat) rather than geographical expansion in the current fiscal year.
Existing large states provide significant scope for volume increase without entering new states.
Focus in microfinance is on lending to existing customers with repeat loans, which offers a steady growth run rate.
Disbursements are gradually picking up post-COVID with calibrated lending, especially in microfinance.
Digital lending volumes are increasing, driving higher marketing and operational expenses but are expected to scale and reduce cost per acquisition over time.
Cross-sell initiatives via consumer product distribution are being developed as a new revenue stream, expected to grow gradually.
Collection efficiency is improving (from 87% to 92% in October) with expectations to reach near 100% by December, supporting revenue stability.
Overall, the company aims for steady growth in loan book and income by scaling within current markets and improving operational efficiencies.

Margin guidance

Category 3

The company aims to achieve better and better performance with continued stakeholder support (Page 22).
Q2 FY20-21 showed significant improvement compared to Q1, with income nearly returning to Q4 last year levels indicating recovery momentum (Pages 3-4).
Disbursement in microfinance loans is increasing cautiously, focusing on existing customers with potential for growth in current states like Bihar, MP, Gujarat (Pages 14-15).
Collection efficiency is improving, targeting near 100% by December, which supports stable cash flow and earnings (Pages 12-13).
Operating expenses, especially digital marketing costs, are currently high but expected to reduce with scale and technology optimization, improving margins over time (Page 19).
New business initiatives like acquisition of Boon Box technology and Scalerator business aim to diversify and create additional income streams (Pages 12-13, 19).
Provisioning includes conservative COVID-related buffers; future quarters may see normalized provisions benefiting profits (Page 6).
Overall, management expects steady growth in income and profits with improving operational efficiency and expansion within existing markets.

See what Inditrade Capital Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The company recently raised Rs. 20 Crores through a listed NCD from SBI Caps at an interest rate of 11%.
They have also received sanctions from some PSU banks like Punjab National Bank but have not yet drawn funds from these.
Bank loans are expected to be much cheaper, and finalization of rates is underway.
The company raised money through debt instruments such as 7-year and 10-year subordinated debt.
Currently, the company is comfortable with minimum leverage and is grossly underleveraged on their balance sheet.
No explicit mention of immediate equity fundraising was made in the discussion on Page 20.

Order book

The transcript does not specifically mention current or expected order book or pending orders for Inditrade Capital Limited. However, relevant points related to business growth and lending operations include: - Focus on lending to existing customers in current states (Bihar, MP, Gujarat, Tamil Nadu, Kerala, Karnataka) rather than geographical expansion in the current fiscal. - Disbursed Rs.110 Crores in loans during Q2 FY20-21, showing improvement from earlier quarters. - Expectation to continue momentum in microfinance lending though cautiously due to uncertain COVID scenario. - Portfolio stands at Rs.425.59 Crores, with significant scope for scaling up loans to existing customers. - Growth opportunities in distribution business via acquisition of Boon Box technology and brand. - No direct references to order book or pending orders as the business revolves around loan disbursements and portfolio management rather than order-based sales. If you need information on pending orders or order book for lending portfolios, it is not explicitly detailed here.

See what Inditrade Capital Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Inditrade Capital Limited is acquiring technology, brand, and manpower from Boon Box to scale up their retail distribution business, focusing on consumer products cross-sell through microfinance channels (Page 11).
They plan to leverage Boon Box's advanced software and experienced team to build a distribution ecosystem involving multiple microfinance companies and business correspondents (Page 11).
There is an ongoing acquisition process related to Inthree Access Private Limited, involving recruitment of technology personnel and acquisition of software and trademark to enhance the company's digital lending capabilities (Pages 16-17).
The integration of Inthree's advanced technology team, including IIT engineers, will expand the in-house IT team from 15 to about 25 members to support further technology-driven business growth (Page 19).
No new geographical expansion is planned for the current fiscal; the focus is on scaling up existing states (Page 14).

Track Inditrade Capital Ltd — get its next earnings analysis in your feed

How does Inditrade Capital Ltd rank vs peers in Finance?

Pro feature

ThisInditrade Capital Ltd

Rev 3Mar 3

See where Inditrade Capital Ltd sits in FinanceSee which companies these are, and every other name in the sector.Open rankings

How does Inditrade Capital Ltd rank in Finance?

Compare Inditrade Capital Ltd against every Finance company (Q2 FY21) on revenue, margins and earnings-call signals.

View Finance leaderboard →

What Inditrade Capital Ltd's management said in earlier quarters

Others in Finance this season

Industrial Investment Trust Ltd (Q2 FY27)
Revenue from Operations (Standalone) for Q2 Sept 30, 2026: ₹1,078.16 lakhs, vs. Key results statement takeaways from Industrial Investment Trust Ltd's Q2 FY27 e
MASK INVESTMENTS (Q2 FY27)
The Cash Flow Statement (page 6) shows a significant decrease in unsecured loans by ₹27.65 lakhs during the half year ended 30th September 2026, indicating…
Muthoot Finance Ltd (Q2 FY27)
Total Income: ₹100,108 Mn (up 36% YoY from ₹72,990 Mn) . Key investor presentation takeaways from Muthoot Finance Ltd's Q2 FY27 investor presentation — and how
Nahar Capital & Financial Services Ltd (Q2 FY27)
1,305.36 lakhs implies an operating margin of approximately 84.5% (1,305.36 / 1,544.82) . Key results statement takeaways from Nahar Capital & Financial Service

Compare:vs Bajaj Finance vs Bajaj Finserv vs Shriram Finance Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Inditrade Capital Ltd Q2 FY21 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does Inditrade Capital Ltd rank in Finance?

Continue your research

What Inditrade Capital Ltd's management said in earlier quarters

Others in Finance this season