Strengths & Weaknesses

Strengths

Strong Financial Position: Utkarsh Coreinvest Limited has a robust financial position with a net worth of ₹850.49 crore as of March 31, 2024, indicating a strong financial health and stability.

Process-Centric Services: The company offers process-centric banking and microfinance services, which ensure reliability and efficiency in service delivery.

Technology-Enabled Platform: Utkarsh Coreinvest leverages technology to enhance its services, making them accessible and user-friendly, which is crucial in the digital age.

Extensive Network: The company has significantly expanded its operations, boasting 888 banking outlets, 320 ATMs, and 612 micro ATMs across 224 districts of 22 states and 4 union territories, providing a broad geographical presence and enhanced accessibility to customers.

Weaknesses

Limited Market Presence: The company may have a limited geographical presence, which could restrict its growth potential.

Competition: Operating in a highly competitive banking and finance sector, Utkarsh Coreinvest faces stiff competition from established players.

Balance Sheet	FY24	FY23	FY22	FY21	FY20
Short Term Loans and Advances	17650.00	13548.79	9943.41	7925.35	6563.33
Cash & Cash Equivalents	3029.05	2516.69	1871.96	1170.48	1616.04
Other Financial Assets	3927.60	2983.25	2434.80	2439.68	1278.35
Total Financial Assets	24606.65	19048.73	14250.16	11535.51	9457.72
Fixed Assets (incl. WIP)	535.94	545.00	471.64	359.91	295.71
Other Non Financial Assets	200.85	121.96	210.24	154.00	69.82
Total Non Financial Assets	736.79	666.96	681.88	513.91	365.54
Total Assets	25343.44	19715.69	14932.04	12049.42	9823.26
Borrowings	3490.45	2726.56	2198.76	2227.87	3012.30
Other Financial Liabilities	18911.11	14877.91	11171.33	8465.56	5714.18
Total Financial Liabilities	22401.56	17604.47	13370.09	10693.43	8726.48
Tax Liabilities (Deferred and Current)	9.70	8.37	0.00	0.87	0.00
Provisions	13.00	12.04	5.84	6.49	5.02
Other Non-Financial Liabilities	8.09	14.34	11.48	8.98	8.98
Total Non-Financial Liabilities	30.80	34.75	17.32	16.34	14.00
Equity Capital	98.70	98.42	98.33	97.64	97.39
Reserves	2812.38	1978.04	1446.30	1241.97	985.60
Total Equity	2911.09	2076.46	1544.63	1339.61	1082.99
Equity + Liabilities	25343.44	19715.69	14932.04	12049.42	9823.26

Profit & Loss	FY24	FY23	FY22	FY21	FY20
Revenue from Operations	3140.36	2744.77	1977.62	1695.98	1352.91
Growth %	14.41%	38.79%	16.61%	25.36%	45.07%
Operating Expenses	1159.71	881.71	677.97	591.59	424.92
Growth %	31.53%	30.05%	14.60%	39.22%	-8.17%
Operating Profit	1980.65	1863.06	1299.65	1104.39	927.99
Op. Profit Margin %	63.07%	67.88%	65.72%	65.12%	68.59%
Other Income	243.18	193.42	117.18	86.25	64.2
Interest Expense	1298.16	1024.71q	799.3	762.52	589.53
Depreciation	108.89	74.23	82.55	59.00	48.81
Impairment on financial instruments	-378.37	-226.14	-453.85	-332.78	-77.53
Profit Before Tax	438.41	731.40	81.13	36.34	276.32
Tax	108.57	177.59	18.91	10.8	73.8
Tax %	24.76%	24.28%	23.31%	29.72%	26.71%
Profit After Tax	329.84	553.81	62.22	25.54	202.52
Growth %	-40.44%	790.08%	143.62%	-87.39%	-327.96%
PAT %	10.50%	20.18%	3.15%	1.51%	14.97%
Diluted EPS	33.19	55.88	6.31	2.60	20.69

Shareholding Pattern

Color	Shareholder	Holding
	NMI Frontier Fund KS, Norway	7.80%
	British International Investment PLC (Formerly known as CDC Group PLC)	13.90%
	Faering Capital India Evolving FUND II	7.76%
	RBL Bank Limited	9.83%
	Others	60.71%

Fundamentals

Quick Insights

1. Strong Financial Position: Utkarsh Coreinvest Limited has a robust financial position with a net worth of ₹850.49 crore as of March 31, 2024, indicating a strong financial health and stability. 2. Process-Centric Services: The company offers process-centric banking and microfinance services, which ensure reliability and efficiency in service delivery. 3.Technology-Enabled Platform: Utkarsh Coreinvest leverages technology to enhance its services, making them accessible and user-friendly, which is crucial in the digital age. 4. Extensive Network: The company has significantly expanded its operations, boasting 888 banking outlets, 320 ATMs, and 612 micro ATMs across 224 districts of 22 states and 4 union territories, providing a broad geographical presence and enhanced accessibility to customers.

Market Cap₹2,186.5 Cr

PE Ratio6.63

EPS₹33.19

Dividend Yield-

Book Value₹292.9 Cr

Debt/Equity1.2

Price/Book0.75

Price/Sales-

Industry PE-

Sales₹3,140.36 Cr

Profit After Tax₹329.84 Cr

Share Capital₹98.7 Cr

Shares Outstanding-

ISININE396P01012

SectorFinancial Services

Symbol-

About Company

Utkarsh CoreInvest Limited (formerly Utkarsh Micro Finance Limited) is the parent company of Utkarsh Small Finance Bank. Utkarsh Micro Finance began operations in September 2009 to offer financial and non-financial services to underserved communities, helping those with skills but lacking capital.

Latest News

No news available.

Annual Reports

FY 20 FY 21 FY 22 FY 23 FY 24

Board of Directors

Mr. G. S. SundararajanNon- Executive Independent Director, Chairperson of the Board

Mr. Aditya Deepak ParekhNominee Director

Mr. Suman SaurabhManaging Director & CEO

Mr. AtulIndependent Director

Senior Management

Mr. Suman SaurabhManaging Director & CEO

Mr. Harshit AgrawalChief Financial Officer

Mr. Neeraj Kumar TiwariCompany Secretary & Compliance Officer

Quick Insights

1. Strong Financial Position: Utkarsh Coreinvest Limited has a robust financial position with a net worth of ₹850.49 crore as of March 31, 2024, indicating a strong financial health and stability. 2. Process-Centric Services: The company offers process-centric banking and microfinance services, which ensure reliability and efficiency in service delivery. 3.Technology-Enabled Platform: Utkarsh Coreinvest leverages technology to enhance its services, making them accessible and user-friendly, which is crucial in the digital age. 4. Extensive Network: The company has significantly expanded its operations, boasting 888 banking outlets, 320 ATMs, and 612 micro ATMs across 224 districts of 22 states and 4 union territories, providing a broad geographical presence and enhanced accessibility to customers.

Balance Sheet

FY24

FY23

FY22

FY21

FY20

Short Term Loans and Advances

17650.00

13548.79

9943.41

7925.35

6563.33

Cash & Cash Equivalents

3029.05

2516.69

1871.96

1170.48

1616.04

Other Financial Assets

3927.60

2983.25

2434.80

2439.68

1278.35

Total Financial Assets

24606.65

19048.73

14250.16

11535.51

9457.72

Fixed Assets (incl. WIP)

535.94

545.00

471.64

359.91

295.71

Other Non Financial Assets

200.85

121.96

210.24

154.00

69.82

Total Non Financial Assets

736.79

666.96

681.88

513.91

365.54

Total Assets

25343.44

19715.69

14932.04

12049.42

9823.26

Borrowings

3490.45

2726.56

2198.76

2227.87

3012.30

Other Financial Liabilities

18911.11

14877.91

11171.33

8465.56

5714.18

Total Financial Liabilities

22401.56

17604.47

13370.09

10693.43

8726.48

Tax Liabilities (Deferred and Current)

9.70

8.37

0.00

0.87

0.00

Provisions

13.00

12.04

5.84

6.49

5.02

Other Non-Financial Liabilities

8.09

14.34

11.48

8.98

Total Non-Financial Liabilities

30.80

34.75

17.32

16.34

14.00

Equity Capital

98.70

98.42

98.33

97.64

97.39

Reserves

2812.38

1978.04

1446.30

1241.97

985.60

Total Equity

2911.09

2076.46

1544.63

1339.61

1082.99

Equity + Liabilities

25343.44

19715.69

14932.04

12049.42

9823.26

Profit & Loss

FY24

FY23

FY22

FY21

FY20

Revenue from Operations

3140.36

2744.77

1977.62

1695.98

1352.91

Growth %

14.41%

38.79%

16.61%

25.36%

45.07%

Operating Expenses

1159.71

881.71

677.97

591.59

424.92

Growth %

31.53%

30.05%

14.60%

39.22%

-8.17%

Operating Profit

1980.65

1863.06

1299.65

1104.39

927.99

Op. Profit Margin %

63.07%

67.88%

65.72%

65.12%

68.59%

Other Income

243.18

193.42

117.18

86.25

64.2

Interest Expense

1298.16

1024.71q

799.3

762.52

589.53

Depreciation

108.89

74.23

82.55

59.00

48.81

Impairment on financial instruments

-378.37

-226.14

-453.85

-332.78

-77.53

Profit Before Tax

438.41

731.40

81.13

36.34

276.32

Tax

108.57

177.59

18.91

10.8

73.8

Tax %

24.76%

24.28%

23.31%

29.72%

26.71%

Profit After Tax

329.84

553.81

62.22

25.54

202.52

Growth %

-40.44%

790.08%

143.62%

-87.39%

-327.96%

PAT %

10.50%

20.18%

3.15%

1.51%

14.97%

Diluted EPS

33.19

55.88

6.31

2.60

20.69

Color

Shareholder

Holding

NMI Frontier Fund KS, Norway

7.80%

British International Investment PLC (Formerly known as CDC Group PLC)

13.90%

Faering Capital India Evolving FUND II

7.76%

RBL Bank Limited

9.83%

Others

60.71%

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