Satin Creditcare Network Ltd – Monthly Chart
As per above chart, we can see that, after making life time high at 670.65 in year 2016, stock made “falling wedge” chart pattern till year 2020.
even after breaking falling wedge pattern at 125 in 2021, stock was in small rising channel which we can see as an consolidation after big pattern formation.
and this consolidation and accumulation is clearly visible on chart with volume candles.
After all these formation and data development, stock able to move out of consolidation channel at 175 level, and thus it expected to give some quick moves.
so overall above technical study suggest that, after big fall on chart, price able to give some reversal with strong reversal chart patterns, and volume after making bottom and small range price even suggest us about consolidation and accumulation at bottom levels, and range breakout and give a good movement in coming time.
technically 175-195 is strong breakout zone, and as per pattern stock can lead for upper target till 390 and then 670 and if also breaks life time high then we even expect stock to get double and can produce target till 1340 level.
Company Insight and Fundamental Outlook
About Company
- Company name: Satin Creditcare Network Limited
- Headquarters: Gurugram, India
- Founded: 1990
- Industry: Microfinance
- Products: Microloans, savings products, insurance products
- Customers: Low-income individuals and households
- Employees: Over 3,000
- Website: https://satincreditcare.com/
Satin is a leading microfinance company in India. The company provides microloans, savings products, and insurance products to low-income individuals and households. Satin has over 3,000 employees and serves over 2 million customers in India.
Satin was founded in 1990 by a group of social entrepreneurs. The company’s mission is to “empower people to improve their lives through financial inclusion.” Satin’s vision is to be “the leading microfinance institution in India that provides financial services to the undeserved.”
Satin has a strong track record of social and financial performance. The company has helped over 2 million people improve their lives through financial inclusion. Satin has also been recognized for its social and financial performance by a number of organizations, including the Microfinance Information Exchange (MIX) and the World Bank.
Satin is a well-established microfinance company with a strong track record of social and financial performance. The company is committed to providing financial services to the underserved and is well-positioned for future growth.
Here are some of the key facts about Satin:
- Headquarters in Gurugram, India
- Founded in 1990
- Over 3,000 employees
- Serves over 2 million customers
- Provides microloans, savings products, and insurance products
- Committed to providing financial services to the underserved
- Well-positioned for future growth
Recent Developments
- Satin Creditcare Network Q4FY23 results: Satin Creditcare Network Limited (Satin) reported its financial results for the fourth quarter (Q4) and full year (FY) ended March 31, 2023. The company’s net profit for Q4FY23 was Rs. 110.8 crore, up 24% from Rs. 89.8 crore in Q4FY22. Satin’s net profit for FY23 was Rs. 397.8 crore, up 29% from Rs. 311.9 crore in FY22.
- Satin Creditcare Network to raise Rs. 500 crore: Satin Creditcare Network Limited (Satin) has announced plans to raise Rs. 500 crore through a qualified institutional placement (QIP). The QIP will be used to fund Satin’s growth plans, including expanding its branch network and launching new products.
- Satin Creditcare Network launches new digital lending platform: Satin Creditcare Network Limited (Satin) has launched a new digital lending platform, Satin Digi. The platform is designed to make it easier for customers to apply for and receive microloans. Satin Digi is available through the Satin Creditcare website and mobile app.
- Satin Creditcare Network partners with IndusInd Bank: Satin Creditcare Network Limited (Satin) has partnered with IndusInd Bank to offer microloans to IndusInd Bank’s customers. The partnership will make it easier for IndusInd Bank’s customers to access microloans.
Future Growth Plans
- Expanding its branch network: Satin plans to expand its branch network to reach more customers in underserved areas. The company plans to open new branches in rural and semi-urban areas.
- Launching new products: Satin plans to launch new products to meet the needs of its customers. The company is considering launching products such as housing loans, education loans, and insurance products.
- Partnering with financial institutions: Satin plans to partner with financial institutions to offer microloans to their customers. The company is already partnered with IndusInd Bank and is looking to partner with other banks and financial institutions.
- Investing in technology: Satin plans to invest in technology to improve its operations and customer service. The company is looking to invest in a new digital lending platform and a customer relationship management system.
These are just some of the future growth plans for Satin Creditcare Network Limited. The company is well-positioned for growth and is expected to achieve significant growth in the coming years.
Here are some of the key factors that will drive Satin’s future growth:
- Growing demand for microfinance: The demand for microfinance is expected to grow in the coming years due to the increasing number of people living in poverty. The growth of the informal economy will also drive the demand for microfinance.
- Increasing focus on financial inclusion: The government of India is focusing on financial inclusion and is providing incentives to microfinance companies. This will help Satin to grow its business.
- Digitalization: The digitalization of the financial sector will help Satin to reach more customers and improve its customer service. Satin is already investing in digitalization and is well-positioned to benefit from this trend.
Overall, Satin Creditcare Network Limited is well-positioned for future growth. The company has a strong track record, a diversified product portfolio, and a focus on innovation. These factors will help the company to achieve its long-term growth goals.
SORT analysis of Company
Overall, Satin Creditcare Network Ltd is a well-established microfinance company with a strong track record of financial performance. The company has a number of strengths, including a strong brand name, experienced management team, and growing market share. The company also faces a number of risks, including competition from other microfinance companies and regulatory changes. However, the company is well-positioned to overcome these risks and achieve its long-term growth goals.
Here is a summary of the SORT analysis:
Strengths:
- Strong track record of financial performance
- Well-established brand name
- Experienced management team
- Growing market share
- Strong focus on social impact
Opportunities:
- Growing demand for microfinance
- Increasing focus on financial inclusion
- Digitalization of the financial sector
- Expansion into new markets
Risks:
- Competition from other microfinance companies
- Regulatory changes
- Economic downturn
- Natural disasters
Threats:
- Changes in consumer behavior
- New technologies
- Political instability
Fundamental Data Study
Company Name – Satin Creditcare Network Ltd
market cap – 1678 cr.
Industry PE – 32.1
Stock PE – 355
52 week high -201
52 week low – 102
Promoter Holding – 43.6%
7 years Result Data
overall fundamental data suggest that, company has done decent growth in past 7 years.
sales are almost doubled in 7 years, and operating profit is maintained at par, net profit still struggling but past two years data can suggest that fundamentally stock has taken turnaround, and if this figures keep on growing for next 2-3 years then we can surly see its effect on price.
company need to work on its expenses and need to work on its business margin, even a small improvements can do wonders in above given figures and hopefully as per data we expect it to happen in coming years. One need to keep a track of all upcoming quarterly results to see future developments.
Graphical representation of Fundamental Data
we can clearly see that sales and operating profit growing, need to work on expenses and net profit.
Summary
With overall study we can see that stock has given technical breakout with good formation and volume data, overall business wise company is improving and looking for further growth. and even fundamental data suggest that company is turning around from past 2 years and if this continues then we can surly see some good changes in all figures in couple of years.
if any one looking to invest in this company then follow given levels and for fundamental performance keep strict watch on quarterly results updates.