Satin Creditcare Network stock slides 5%

New Delhi: Shares of Satin Creditcare Network traded 4.99 per cent down in Wednesday's trade at 11:16 am. Around 1,070 shares changed hands on the counter. The stock opened at Rs 72.4 and touched an intraday high and low of Rs 72.4 and Rs 72.4, respectively, in the session so far.

Satin Creditcare approved allotment of NCDs of Rs 50.05 crore through private placement basis on Tuesday.

The stock quoted a 52-week high of Rs 390.0 and a 52-week low of Rs 72.4.


Financials
Satin Creditcare Network, incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 406.42 crore) operating in NBFC sector.

The company reported net profit after tax of Rs 46.71 crore for the quarter ended 31 December, 2019. For the same quarter, the company has reported Consolidated sales of Rs 372.74 crore, up 1.92 per cent from last quarter Sales of Rs 365.72 crore and down 7.23 per cent from last year same quarter Sales of Rs 401.80 crore.

Satin Creditcare Network key products/revenue segments include interest which contributed Rs 1179.50 crore to sales value (85.92 per cent of total sales), income from financial services which contributed Rs 133.46 crore to sales value (9.72 per cent of total sales), income from sale of share & securities which contributed Rs 29.87 crore to sales value (2.17 per cent of total sales), fees & other charges which contributed Rs 27.94 crore to sales value (2.03 per cent of total sales) and other operating revenue which contributed Rs 1.99 crore to sales value (0.14 per cent of total sales)for the year ending 31-mar-2019.

Promoters holding
Promoters held 30.18695 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 1.9 and price to book value of 0.31.