Any current/future new fundraising through debt or equity?

In Q2 and Q3 of FY21-22, Inditrade Capital raised substantial funds: ₹111 crore in Q2 and ₹112 crore in Q3. There is no explicit mention of any new or planned fundraising through debt or equity in the transcript. Sudip Bandyopadhyay noted conservatism in growth and cautious disbursements due to COVID uncertainties; no direct indication of immediate fundraising plans. Discussions about stake sale rumors (Sistema buying 25%) were not commented on; any announcements will be made at an appropriate time. The company is monitoring developments for digital bank licenses but no fundraising for that is

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

Inditrade Capital discussed strategic investments, notably the acquisition and investment in Boonbox (rural e-commerce), with continued optimism about its future growth and profitability. The company has made investments in technology platforms like Synaptic for MSME lending, collaborating with AI companies to enhance credit decision-making. No explicit mention of current or planned capital expenditure (capex) was detailed in the transcript. The focus appears to be on expanding lending verticals, such as launching secured MSME lending (Loan Against Property) this quarter. Fund raising was ment

Future growth expectations in sales/revenue/volumes?

The company expects decent performance in the current quarter (Jan-Mar 2022), assuming no further COVID disruptions. Robust loan disbursement growth: Q3 disbursed loans worth ₹194 crore, up from ₹137 crore in Q2. New secured MSME lending vertical launched, targeting higher ticket sizes (~₹25 lakh average), complementing existing unsecured MSME loans. Microfinance disbursements are conservative due to pandemic concerns but are gradually picking up. Digital lending platforms like Robocash (100% digital) support scaling personal loan disbursements (~100 loans/day). Businesses like Scalerator and

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

The company expects a decent performance in the current quarter (Jan-Mar 2022), subject to no further COVID-related disruptions. Secured MSME lending vertical has been launched, complementing the existing unsecured MSME segment, potentially increasing loan ticket sizes and portfolio growth. The Scalerator business has turned profitable, reporting a PBT of ₹73 lakhs in the recent quarter, indicating positive contributions from new ventures. Management plans calibrated and profitable growth, avoiding non-profitable activities and maintaining conservative disbursement strategies. Collecti

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Inditrade Capital LtdQ4 FY23Finance

Inditrade Capital Ltd Q4 FY23 Earnings Call Analysis

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

Price: ₹2.44Market Cap: ₹7 CrSector: Finance

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

Yes

Capex

Yes

3 of 5 growth signals are positive.

Full analysis

Revenue guidance

Category 3

→The company expects decent performance in the current quarter (Jan-Mar 2022), assuming no further COVID disruptions.
→Robust loan disbursement growth: Q3 disbursed loans worth ₹194 crore, up from ₹137 crore in Q2.
→New secured MSME lending vertical launched, targeting higher ticket sizes (~₹25 lakh average), complementing existing unsecured MSME loans.
→Microfinance disbursements are conservative due to pandemic concerns but are gradually picking up.
→Digital lending platforms like Robocash (100% digital) support scaling personal loan disbursements (~100 loans/day).
→Businesses like Scalerator and BoonBox are showing profitable growth and are expected to contribute positively.
→Growing focus on MSME segment along with controlled, calibrated expansion to maintain portfolio quality.
→Management optimistic about bouncing back post-pandemic with cautious but growth-oriented strategies.

Margin guidance

Category 3

→The company expects a decent performance in the current quarter (Jan-Mar 2022), subject to no further COVID-related disruptions.
→Secured MSME lending vertical has been launched, complementing the existing unsecured MSME segment, potentially increasing loan ticket sizes and portfolio growth.
→The Scalerator business has turned profitable, reporting a PBT of ₹73 lakhs in the recent quarter, indicating positive contributions from new ventures.
→Management plans calibrated and profitable growth, avoiding non-profitable activities and maintaining conservative disbursement strategies.
→Collection efficiency has improved significantly (from 56% to 92%), which supports better asset quality and profitability.
→The company remains cautious due to COVID uncertainties but is optimistic about growth prospects as the economy normalizes.
→No explicit EPS guidance given, but improving PBT and operational metrics suggest upward earnings trends ahead.

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Fundraise plans

Yes

→In Q2 and Q3 of FY21-22, Inditrade Capital raised substantial funds: ₹111 crore in Q2 and ₹112 crore in Q3.
→There is no explicit mention of any new or planned fundraising through debt or equity in the transcript.
→Sudip Bandyopadhyay noted conservatism in growth and cautious disbursements due to COVID uncertainties; no direct indication of immediate fundraising plans.
→Discussions about stake sale rumors (Sistema buying 25%) were not commented on; any announcements will be made at an appropriate time.
→The company is monitoring developments for digital bank licenses but no fundraising for that is disclosed yet.

Order book

Yes

The transcript provided does not mention any details regarding the current or expected order book or pending orders for Inditrade Capital Limited. The discussion primarily focuses on loan disbursements, financial results, business verticals, investments, and operational aspects. There is no specific information about order books or pending orders in the content of the call.

Capex plans

Yes

→Inditrade Capital discussed strategic investments, notably the acquisition and investment in Boonbox (rural e-commerce), with continued optimism about its future growth and profitability.
→The company has made investments in technology platforms like Synaptic for MSME lending, collaborating with AI companies to enhance credit decision-making.
→No explicit mention of current or planned capital expenditure (capex) was detailed in the transcript.
→The focus appears to be on expanding lending verticals, such as launching secured MSME lending (Loan Against Property) this quarter.
→Fund raising was mentioned, including about ₹111-112 crore in recent quarters, which may support business growth but not specifically designated as capex.
→There are ongoing participation and stake sales involving investors like Ventureast and Orios in subsidiaries (e.g., IRML).
→Overall, strategic investments focus on portfolio diversification and technology-driven growth rather than traditional capex.

How does Inditrade Capital Ltd rank vs peers in Finance?

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1Inditrade Capital Ltd

Rev 3Mar 3

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