Satin Creditcare Network Limited: A Comprehensive Review of the Company

Satin Creditcare Network Limited is a non-banking financial company (NBFC) that offers a range of financial products and services.

The company was founded in 1990 by Mr. Aditya Khurana and is headquartered in New Delhi, India.

Satin Creditcare Network Limited has a strong presence in the financial services industry, with a large network of branches and a diverse portfolio of products.

The company's mission is to provide innovative and customer-centric financial solutions to individuals and businesses, aiming to make a positive impact on their lives.

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Satin Creditcare Network Limited has a strong leadership team in place.

The company has a Chairman, who is Mr. Sanjay Agarwal.

He has been at the helm of the company since its inception in 1997 and has played a crucial role in shaping its growth and expansion.

The company also has a Managing Director, Mr. Saurabh Mittal, who has been instrumental in driving the company's business strategy and operations.

He brings with him a wealth of experience in the financial services sector and has been a key contributor to the company's success.

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Satin Creditcare Network Limited has reported a consolidated revenue of approximately ₹2,400 crore for the financial year 2023, driven by the growth in its loan book and expanding customer base.

The company has consistently grown its revenue, with a compound annual growth rate (CAGR) of around 20% over the last five years. This significant revenue growth is a testament to the company's ability to expand its business and attract new clients, particularly in underserved regions.

Here are some key financial highlights from the company's recent performance:

The valuation of Satin Creditcare Network Limited is a crucial aspect of its financial performance. The company's market capitalization has fluctuated over the past few years, ranging from 145M to 27.66B.

One key metric is the price-to-earnings (P/E) ratio, which has been 7.92x in 2025 and 3.65x in 2026. This indicates a significant difference in investor expectations for the company's future growth.

The enterprise value (EV) of the company has also been reported, with values ranging from 145M to 27.66B. This is an important consideration for investors evaluating the company's overall value.

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The free-float percentage is 42.85%, which represents the proportion of outstanding shares available for trading. This is a significant factor in determining the company's market capitalization.

Here is a summary of the company's valuation metrics:

These valuation metrics provide valuable insights into the company's financial performance and growth prospects.

Satin Creditcare Network Ltd. reported a consolidated revenue of approximately ₹2,400 crore in FY23, driven by growth in its loan book and expanding customer base. This marks a significant increase from previous years, with a compound annual growth rate (CAGR) of around 20% over the last five years.

The company's revenue growth is a key indicator of its ability to expand its business and attract new clients, particularly in underserved regions.

Here are some key financial highlights from the company's recent performance:

The company's revenue has consistently grown over the past few years, with a significant increase in FY23. This growth is likely due to the company's expanding customer base and increasing loan book.

Satin Creditcare Network Ltd. reported a net profit of ₹120 crore in FY23, a significant recovery from the previous year's loss due to provisioning for bad loans. This shows the company's resilience and ability to adapt to challenges.

Satin Creditcare Network Limited (SCNL) has a business model centered around financial inclusion, focusing on populations without access to traditional banking services. Its client base primarily consists of women, small business owners, and rural entrepreneurs.

The company has an extensive branch network, with over 1,200 branches across India. SCNL's loan portfolio is focused on microloans, SME financing, and MSME loans through its subsidiary, Satin Finserv Limited.

SCNL has a significant customer base, with more than 4.7 million active clients. This demonstrates the company's ability to reach and serve a large number of underserved populations.

The company's future plans include expanding its loan portfolio to cater to small enterprise loans, education loans, and healthcare loans. This move will help SCNL further diversify its product offerings.

Satin Creditcare aims to penetrate the southern and eastern regions of India, where there is still significant unmet demand for microfinance services. This geographic expansion will help the company tap into new markets and increase its reach.

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The company is committed to improving financial inclusion by extending services to marginalized populations. This is evident in its plans to expand its SME and MSME lending arm, Satin Finserv Limited.

Here's a breakdown of SCNL's current business model and future plans:

Satin Creditcare Network Limited has a diverse shareholding pattern, with various categories of investors holding stakes in the company. Promoters hold a significant 36.17% stake in the company as of Mar 2024.

The company's shareholding pattern has seen some fluctuations over the years, with promoters' stake increasing from 36.20% in Mar 2016 to 39.45% in Mar 2023. However, it has since decreased to 36.17% in Mar 2024.

Here's a breakdown of the company's shareholding pattern as of Mar 2024:

The number of shareholders has also increased significantly, with 52,490 individuals holding shares in the company as of Dec 2024.

The balance sheet is a snapshot of a company's financial health at a particular point in time. It provides a clear picture of the company's assets, liabilities, and equity.

The balance sheet for Satin Creditcare Network Ltd. shows a significant increase in total assets over the years, from ₹4,778 crore in Mar 2017 to ₹11,176 crore in Sep 2024. This growth is a testament to the company's ability to finance its growth initiatives.

The company's equity capital has also seen a steady increase, from ₹37 crore in Mar 2017 to ₹110 crore in both Mar 2024 and Sep 2024. This indicates a stable foundation for the company's operations.

The balance sheet also highlights the company's debt levels, with total borrowings increasing from ₹3,889 crore in Mar 2017 to ₹8,388 crore in Sep 2024. This is a common trend in the microfinance sector, where companies often rely on debt to finance their growth.

Here's a breakdown of the company's balance sheet over the years:

The company's ability to manage its debt and maintain liquidity has enabled it to weather economic downturns while continuing to serve its client base effectively.

The shareholding pattern of a company is a crucial aspect of its financials, and it's fascinating to see how it changes over time.

As of Dec 2024, the promoters held 36.17% of the company's shares, a consistent figure since Mar 2022.

The number of shareholders has increased significantly, with 52,490 individuals holding shares by Dec 2024, up from 17,618 in Mar 2022.

Here's a breakdown of the shareholding pattern as of Dec 2024:

The public's shareholding has been steadily increasing, reaching 52.45% by Dec 2024.

The promoters' shareholding has remained relatively stable, fluctuating between 36.17% and 39.45% since Mar 2022.

The number of shareholders has been steadily increasing since Mar 2022, with a notable jump from 17,618 to 52,490 by Dec 2024.

The FIIs' shareholding has been decreasing, dropping to 4.83% by Dec 2024 from 10.53% in Mar 2022.

The DIIs' shareholding has also been decreasing, reaching 6.11% by Dec 2024 from 7.76% in Mar 2022.

The number of FIIs has decreased from 16,244 in Mar 2023 to 4,483 in Dec 2024.

The number of DIIs has also decreased from 16,244 in Mar 2023 to 5,111 in Dec 2024.

The number of public shareholders has increased significantly, reaching 52,490 by Dec 2024.

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Satin Creditcare Network Limited has gained significant attention from stock market investors due to its financial turnaround and growth potential.

The company's stock price has shown positive momentum over the past year, recovering from its lows during the pandemic. Investors are optimistic about the company's future growth, particularly as the demand for microfinance continues to rise.

Satin Creditcare's Earnings Per Share (EPS) has steadily improved following its recovery from losses, indicating that the company is on a path to sustainable profitability.

A focus on financial inclusion and rural development makes Satin Creditcare an attractive option for long-term investors, aligning well with India's broader economic goals.

Here are some key factors influencing investor sentiment:

Satin Creditcare Network Limited has had several credit rating updates from reputable agencies.

ICRA updated the credit rating on January 31.

Crisil updated the credit rating on January 28 and multiple times in November 2024, with the first update on the 29th.

Here is a summary of the rating updates:

Satin Creditcare Network Limited has been making headlines with its recent financial reports. In Q3 2025, the company reported a sharp drop in its fiscal consolidated net profit.

Satin Creditcare Network Limited held its Q3 2025 Earnings Call on February 10, 2025, where the company discussed its financial performance for the quarter.

The company's financial report for the third quarter and nine months ended December 31, 2024, was also released on February 10, 2025, revealing a decline in net profit.

In a separate development, Satin Creditcare Network Limited announced management changes on January 16, 2025, which may have an impact on the company's future financial performance.

Here is a summary of Satin Creditcare Network Limited's recent financial reports:

Satin Creditcare Network Limited has also been active in raising funds through various means, including a bond issue and a securitization deal with HSBC India.

The company raised up to $7.5 million through a bond issue, which was approved by its board on an unspecified date.

In another fundraising effort, Satin Creditcare Network Limited raised INR1.19 billion through a securitization deal with HSBC India on September 4, 2024.

In addition to its financial activities, Satin Creditcare Network Limited has been making changes to its leadership and organizational structure.

The company announced the retirement of its directors on August 29, 2024, and appointed Joydeep Datta Gupta as a non-executive and independent director on August 9, 2024.

Satin Creditcare Network Limited also formed a new wholly-owned arm for technology services on August 13, 2024, and established a new wholly-owned subsidiary, Satin Technologies Limited, on the same date.

The company's consolidated profit rose in fiscal Q1 2024, according to a report released on August 1, 2024.

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The history of Satin Creditcare is a fascinating one. Founded by HP Singh in 1990, the company started by providing loans and savings services to urban lenders.

It's impressive to note that Satin Creditcare was registered as an NBFC with the RBI in 1998, marking a significant milestone in its journey.

Over the years, the company has expanded its operations, converting into an NBFC-MFI in November 2013. This move allowed Satin Creditcare to further its mission of providing financial services to underserved communities.

In 2017, Satin Creditcare took a major leap by incorporating a wholly owned Housing Finance subsidiary, aiming to provide financing in the affordable housing segment.

By 2019, the company had established a strong presence, with 1,168 branches across 22 states and union territories, serving 35 lakh clients.

Satin Creditcare's focus on rural and semi-urban areas has been a key factor in its success, allowing it to reach a wider audience and make a meaningful impact.

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Credit ratings play a crucial role in assessing a company's creditworthiness. Credit rating updates are essential to understand the current credit standing of a company.

ICRA and Crisil are two prominent credit rating agencies that have updated their ratings for the company in question. ICRA updated its rating on January 31, while Crisil made updates on January 28, December 24, and November 29.

Here are the specific rating update dates from ICRA and Crisil:

These updates demonstrate the importance of regularly checking credit ratings to stay informed about a company's financial health.

When analyzing a company's credit and rating, it's essential to consider its stock performance and promoter's holding. The company is 46.78% away from its 52-week high, indicating a potential opportunity for growth.

This gap suggests that the stock may be undervalued, making it an attractive investment option. A closer look at the promoter's holding reveals that it remains unchanged at 36.17% in the December 2024 quarter.

This stability in promoter's holding can be seen as a positive sign, indicating their commitment to the company's growth. It's worth noting that this holding percentage has not changed, suggesting a consistent level of investment.

Here's a summary of the key points:

Satin Creditcare Network Limited has a subsidiary company called Satin Housing Finance Limited, which was founded by Mr. Amit Sharma in 2017.

Satin Housing Finance Limited provides long-term finance for the purchase, construction, extension, and repair of houses for the retail segment.

It also offers loans against a residential property, commercial property, and plots.

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Satin Creditcare Network Ltd. presents a unique opportunity for investors due to its strong revenue growth and improved profitability.

The company has made significant strides in expanding its branch network, which is a crucial aspect of its growth strategy.

With a growing loan portfolio, Satin Creditcare Network Ltd. is well-positioned to capitalize on India's microfinance sector.

Managing debt and recovering from previous setbacks remain challenges, but the company's commitment to digital transformation and risk management is a positive step forward.

India's focus on rural development and financial inclusion makes Satin Creditcare Network Ltd. an attractive investment option.

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For stock investors looking to diversify their portfolios, Satin Creditcare Network Ltd. offers significant growth potential due to its diversified financial products and strategic expansion into new markets.

As India continues to prioritize financial inclusion, Satin Creditcare Network Ltd. is poised to benefit from these trends and make it a compelling choice for investors.

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