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Satin Creditcare Network Limited (SATIN) · mywealthgrid

About

Satin Creditcare Network Limited is a microfinance institution in India's financial services sector with a market cap of ₹2,492 Cr and recent quarterly revenue of ₹760–₹920 Cr. It reports operating margins of 55.87%; verify whether this reflects pricing power, cost discipline, or portfolio composition toward different borrower segments.

Face value: ₹10

Market cap

₹2,514 Cr

P/E

6.1×

P/B

0.9×

Dividend yield

ROE

12.3%

ROCE

—

Debt / equity

3.84

OPM

55.9%

EPS (TTM)

₹37.2

Book value

₹260.2

52-week high

₹268.9

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Leverage: D/E of 3.84 is substantially elevated; verify debt maturity profile, cost of funds, and refinancing risk.
Margin and earnings volatility: OPM has ranged 51–65% and EPS ₹4.72–₹14.73 in recent quarters; clarify whether driven by seasonality, provisioning changes, or asset-quality stress.
Microfinance cyclicality: Loan defaults concentrate in downturns; review portfolio geography, borrower profile, and collateral quality to assess economic sensitivity.

Generated analysis · source review pending

Growth drivers

Revenue range ₹670–₹920 Cr across recent quarters suggests active loan-portfolio deployment; verify whether growth reflects volume expansion, rate increases, or portfolio mix shifts.
Operating margin of 55.87% provides pricing flexibility within regulatory constraints; verify margin defensibility against competitive and inflationary pressure.
ROE of 12.29% shows profitable capital deployment despite D/E of 3.84; verify whether asset-quality risk or funding availability limits expansion.
FII ownership rising from 3.51% to 4.88% signals institutional interest; verify whether this improves capital access and whether management has articulated growth strategy.

Generated analysis · source review pending

₹227.5+56.8%1Y

Beta

0.79

Damps index moves

Volatility (1y)

33.4%

Annualised, daily returns

RSI (14)

62.6

Neither overbought nor oversold

Rel. strength (1y)

48.1%

Ahead of the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Healthy operating margin of 55.9%
+Profit CAGR of 310.3% over the last 3 years
+Revenue CAGR of 18% over the last 5 years
+Outperformed the universe by 48.1% over 1 year

Cons

−Heavily leveraged (debt/equity 3.8)
−Weak interest coverage of 1.3×

Research score

Structured signal from quality, growth, valuation and momentum.

73/100

Business quality: 33
Growth: 85
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Creditaccess Grameen LimitedCREDITACCCREDITACC	₹19,861 Cr	₹43,502 Cr	₹6,380 Cr	₹3,639 Cr	49.4%	₹1,211 Cr	12.8%	—	10.5%	—
Muthoot Microfin LimitedMUTHOOTMFMUTHOOTMF	₹2,968 Cr	₹12,516 Cr	₹2,480 Cr	₹1,252 Cr	47.1%	₹245 Cr	7.2%	—	6.2%	—
Fusion Finance LimitedFUSIONFUSION	₹2,771 Cr	₹8,342 Cr	₹1,714 Cr	₹610 Cr	26.6%	₹169 Cr	0.8%	—	0.7%	—
Satin Creditcare Network LimitedSATINSATIN	₹2,514 Cr	₹13,505 Cr	₹3,217 Cr	₹1,817 Cr	55.9%	₹410 Cr	10.6%	—	12.3%	—
Spandana Sphoorty Financial LimitedSPANDANASPANDANA	₹1,917 Cr	₹5,860 Cr	₹1,007 Cr	₹16 Cr	-43.3%	₹-327 Cr	-68.3%	—	-29.4%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,031	1,443	1,500	1,376	1,377	1,557	2,233	2,595	3,143
Interest	534	642	586	638	626	617	901	1,049	1,311
Expenses	367	—	688	737	705	919	734	1,290	1,387
Financing profit	130	—	225	1	46	22	598	256	445
Financing margin %	12.6%	—	15%	0.1%	3.3%	1.4%	26.8%	9.9%	14.1%
Other income	1	3	4	4	4	2	8	7	18
Depreciation	15	13	18	15	16	18	23	27	30
Profit before tax	116	316	212	-10	34	5	583	236	432
Tax	41	114	57	4	13	0	147	50	100
Tax %	35.4%	36.2%	26.8%	43.4%	39.4%	8.2%	25.2%	21.1%	23.1%
PAT	75	202	155	-14	21	5	436	186	332
EPS (₹)	17.9	41.7	30.4	-2.3	3	0.6	44.3	16.9	30.2
EPS adjusted (₹)	15.8	41.5	30	-2.1	2.8	0.6	39.6	16.9	30.2
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	47	49	52	66	75	85	110	110	110
Reserves	838	1,101	1,397	1,420	1,507	1,543	2,291	2,433	2,753
Minority interest	2	—	—	—	—	—	—	—	4
	919	5,271	5,542	6,181	5,744	5,911	7,915	8,791	10,991
	4,493	321	309	377	330	310	174	253	528
Total equity & liabilities	6,299	6,741	7,300	8,045	7,655	7,850	10,490	11,587	14,387
	75	81	94	124	119	122	126	131	149
CWIP	16	16	34	4	0	—	0	0	7
Investments	72	264	246	1	49	62	56	55	151
	6,136	6,380	6,926	7,916	7,488	7,665	10,307	11,401	14,079
Total assets	6,299	6,741	7,300	8,045	7,655	7,850	10,490	11,587	14,387

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	—	54.1%	46.4%	48.8%	41%	67.1%	50.3%	55.9%
EBIT margin %	—	52.9%	45.3%	47.6%	39.8%	66.1%	49.2%	54.9%
PAT margin %	14%	10.3%	-1%	1.5%	0.3%	19.5%	7.2%	10.6%
Working capital
Receivable days	3	3	5	1	—	—	—	—
Inventory days	—	—	—	—	0	0	0	0
Payable days	—	—	—	15	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	—	—	—	—	—
Debt to EBITDA	—	6.83	9.68	8.55	9.26	5.28	6.74	6.26
Debt to equity	4.59	3.83	4.16	3.63	3.63	3.3	3.46	3.84
Interest coverage	-0	1.4	1	1.1	1	1.6	1.2	1.3
Asset turnover	0.21	0.21	0.17	0.18	0.2	0.21	0.22	0.22
Return ratios
Return on assets %	3%	2.1%	-0.2%	0.3%	0.1%	4.2%	1.6%	2.3%
Return on capital employed %	—	—	—	—	—	—	—	—
Return on equity %	17.5%	10.7%	-0.9%	1.3%	0.3%	18.2%	7.3%	11.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	39.98%	36.06%	36.17%	36.17%	36.17%	36.17%	36.17%	36.17%	36.17%	36.17%	36.17%	36.17%
	6.93%	9.58%	6.66%	7.14%	6.09%	4.83%	4.52%	4.32%	3.91%	3.54%	3.51%	4.88%
	3.97%	8.27%	6.92%	7.04%	6.6%	6.11%	6.35%	7.15%	5.18%	5.18%	5.3%	6.32%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	48.64%	45.66%	49.81%	49.21%	50.7%	52.45%	52.52%	51.92%	54.3%	54.67%	54.58%	52.24%
No. of shareholders	—	—	—	—	—	—	—	—	48,704	46,944	44,277	37,727

Promoter holding down 3.81 percentage points since Sep 2023.

31 deals · 11 Feb 2022 – 12 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	18,07,104	₹235.87	₹42.62 Cr
12 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	18,07,104	₹235.75	₹42.60 Cr
12 May 2026	QE SECURITIES LLP	Bulk	NSE	Sell	9,07,154	₹236.04	₹21.41 Cr
12 May 2026	QE SECURITIES LLP	Bulk	NSE	Buy	9,06,068	₹234.96	₹21.29 Cr
12 May 2026	MUSIGMA SECURITIES	Bulk	NSE	Sell	7,50,971	₹235.25	₹17.67 Cr
12 May 2026	MUSIGMA SECURITIES	Bulk	NSE	Buy	7,50,971	₹235.15	₹17.66 Cr
12 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	7,31,130	₹234.84	₹17.17 Cr
12 May 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	7,28,759	₹234.54	₹17.09 Cr
12 May 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	6,59,432	₹236.66	₹15.61 Cr
12 May 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	6,59,432	₹236.71	₹15.61 Cr

1–10 of 31

1 / 4

Mr. HARVINDER PAL SINGHExecutive Director-Chairperson related to Promoter-MD
Mr. SATVINDER SINGHNon-Executive - Non Independent Director
Mr. JOYDEEP DATTAGUPTANon-Executive - Independent Director
Mrs. JYOTI DAVAR VIJNon-Executive - Independent Director
Mr. ASHOK KUMAR SHARMANon-Executive - Independent Director
Mr. ANUPAM KUNAL GANGAHERNon-Executive - Independent Director
Mr. Amit Kumar GuptaChief Financial Officer
Mr. Vikas GuptaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Satin Creditcare Network Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015 - Credit Rating1 Jul 2026

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results30 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

113 announcementsExport CSV

21 Sept 2026, 4:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

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Date	Category	Subject	Filing
21 Sept 2026, 4:49 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
14 Sept 2026, 9:06 am	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
26 Aug 2026, 3:21 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
26 Aug 2026, 3:11 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
26 Aug 2026, 11:40 am	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
7 Aug 2026, 8:27 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
7 Aug 2026, 12:55 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
3 Aug 2026, 5:58 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1,528	611	-225	-945	336	-956	-2,069	-563	-974
	-80	-187	56	226	-51	-73	-28	-45	-123
	1,390	88	243	734	-442	390	2,263	914	1,874
Net cash flow	-218	512	73	15	-157	-639	166	305	777
Free cash flow	-1,528	—	—	-965	330	-966	-2,082	-583	-999
CFO / Operating profit %	-230.1%	—	-27.8%	-147.9%	50.1%	-149.8%	-138%	-43.2%	-55.5%

Satin Creditcare Network Limited

Satin Creditcare Network Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

Satin Creditcare Network Limited

Satin Creditcare Network Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

1

1