Utkarsh Micro Finance Ltd Unlisted Shares
Utkarsh Micro Finance Unlisted Share Buy & Sell
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Utkarsh Small Finance Bank Share Price & Details
Face Value: 10 Rs Per Equity Share
This Information Mentioned By Us To Make Sure That You Will Never Get Confused While Want To Buy The Shares Of The Utkarsh Micro Finance Limited Company.
About Utkarsh Micro Finance Ltd. & Services Offered
Utkarsh Micro Finance Ltd. Is A Promoting Institute For The Utkarsh Small Finance Bank. The Utkarsh Micro Finance Limited Company Starts Its Financial Services In September 2009. And Started To Serves The Financial And Non-Financial Services In The Areas Of Unbanked Populations Who Have Skills To Do Something But Don’T Have Financial Support.
In, April 30, 2016 the Utkarsh Micro Finance business converts into the Bank and started its new journey with incorporation. Then it has applied for its banking licence to the RBI and received the final approval or license on 25th November 2016.
Services Provided By Them Are:
Utkarsh Micro Finance Limited Bank Business Offering The Many Banking Products & Services It Includes The Small, Medium And Enterprises Businesses Loans, Housing Loans, Wholesale Lendings, Deposit Accounts, Insurance, Mutual Funds, Remittances, Institutional, Government And Tasc Services. The Utkarsh Micro Finance Bank Also Serves Many Payment Services Such As ATM Cards, Debit Cards, Pos Payments And Digital Payment Options Too.
Promoters And Management:
Financials of Utkarsh Micro Finance Unlisted Shares:
Financial Highlights of Utkarsh Small Finance Bank (Subsidiary of Utkarsh Micro Finance).
Particulars (In Crores) | FY19-20 | FY18-19 | FY 17-18 | FY 16-17 |
Net Worth | 1019 | 772 | 411 | 304.9 |
Deposits | 5235 | 3791 | 2,193.70 | 18.7 |
Borrowing | 2675 | 1492 | 1,788 | 2,288 |
Particulars (In Crs) | FY19-20 | FY18-19 | FY 17-18 | FY 16-17 |
Interest Income | 1307 | 879 | 519 | 72 |
Interest Expense | 579 | 381 | 250.7 | 44.3 |
Net Interest Income | 728 | 498 | 268.3 | 27.7 |
Other Income | 98 | 59.8 | 42.3 | 17.7 |
Total Income | 1406 | 939 | 310.6 | 45.4 |
Operating profit | 350 | 230 | 75.5 | 10.5 |
Provisioning Write off | 99 | 136 | 170.4 | 4 |
PAT | 186 | 93 | -63 | 4.8 |
These Are the Comparison Of The Company With Previous Years Stat And Surely You Can See The Differences. Without Any Doubt You Can Go With Utkarsh Micro Finance Unlisted Share and Will Get Unexpected Profit On Your Investment.
- Utkarsh Micro Finance Ltd Annual Report 2019-20
- Utkarsh Micro Finance Ltd Annual Report 2018-19
- Utkarsh Micro Finance Ltd Annual Report 2017-18
- Utkarsh Micro Finance Ltd Annual Report 2016-17
Utkarsh Coreinvest Limited Unlisted Shares – Company Overview
UTKARSH COREINVEST LIMITED (formerly known as Utkarsh Micro Finance Limited) is the holding company of ‘UTKARSH SMALL FINANCE BANK LIMITED’. Utkarsh CoreInvest Limited commenced its operations in 2009 as a microfinance institution to provide financial and non-financial services to the population who were neglected by traditional banks and financial institutions.
The company was started with credit under the Joint Liability Group (JLG) model in 2009. Later, it started providing Micro Enterprise Loans, Housing Loans, and Micro Pension products. In FY 2016, Utkarsh Micro Finance Bank Limited was granted a license to set up a Small Finance Bank from the Reserve Bank of India. Subsequently, Utkarsh Micro Finance Limited created a subsidiary in the name of ‘Utkarsh Small Finance Bank Limited. Through a slum sale, the company transferred all its assets and liabilities except some statutory assets, vehicles, and statutory liabilities to Utkarsh Small Finance Bank Limited. Then in 2018, the company was converted from Micro Finance Company to Core Invest Company and changed its name to Utkarsh CoreInvest Limited.
Utkarsh Small Finance Bank Limited is a small finance bank and is engaged primarily in providing banking and financial services to its customers with a focus on underserved and unserved sections of the country. The Bank’s lending activities are primarily focused on rural and semi-urban locations of the country while its deposit mobilizations and other services are spread across the country.
The Bank is headquartered in Varanasi, Uttar Pradesh, and its operations are currently spread across 15 States & 2 Union Territories through 507 branches in 173 districts of the country.
Utkarsh Coreinvest Limited Details as of March 31, 2023
Utkarsh Coreinvest Outstanding Shares: | 98,420,960 |
Face Value of Utkarsh Coreinvest Unlisted Share: | Rs. 10 Per Equity Shares |
ISIN of Utkarsh Coreinvest Limited Unlisted Share: | INE396P01012 |
Lot Size of Utkarsh Coreinvest Unlisted Share: | 100 Shares |
Utkarsh Coreinvest Limited Share Price: | Best in Industry |
PAN Number of Utkarsh Coreinvest: | AAECS9298K |
Incorporation Details of Utkarsh Coreinvest Limited
Utkarsh Coreinvest Limited CIN Number | U65191UP1990PLC045609 |
Utkarsh Coreinvest Limited Registration Date | 15-May-90 |
Category / Sub-Category of Utkarsh Coreinvest | Company limited by Shares |
Utkarsh Coreinvest Registered Office Address | S-2 / 639 -56, Varuna Vihar Colony, J.P. Mehta Road, Cantt, Varanasi – 221002 |
Utkarsh Coreinvest Registrar & Transfer Agent Address and Contact Details | NSDL Database Management Limited, S – 2 / 639 – 56, Varuna Vihar Colony, J.P. Mehta Road, Cantt, Varanasi – 221002 |
Principal Business Activities of Utkarsh Coreinvest Limited
Name and Description of main products/services | Business activity Code | % to total turnover of the Company |
Other Financial Services | K8 | 100% |
Board of Directors of Utkarsh Coreinvest Limited
Mr. G. S.Sundararajan (Non – Executive Independent Director, Chairperson)
Mr. Atul (Independent Director)
Mr. Aditya Parekh (Nominee Director)
Mr. GauravMalhotra(Nominee Director)
Mr. Harjeet Toor(Nominee Director)
Mr. Vishal Mehta(Nominee Director)
Mr. Ashwani Kumar (Managing Director & CEO)
Particular of Subsidiary Companies of Utkarsh Coreinvest
Name of the Company | % of shares held |
Utkarsh Small Finance Bank Limited | 84.75% |
Utkarsh Welfare Foundation | 0.00% |
Shareholding Pattern of Utkarsh Coreinvest Limited (As of 31-03-2023)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | CDC Group PLC | 1,37,26,978 | 13.95% |
2 | RBL Bank Limited | 97,02,950 | 9.86% |
3 | NMI (NMI Frontier fund KS) | 77,02,602 | 7.83% |
4 | Faering Capital India Evolving Fund II | 76,60,082 | 7.78% |
5 | Others | 59628348 | 60.59 |
Total | 98420960 | 100.00% |
Utkarsh Coreinvest Limited Balance Sheet (In Rs. Crores)
Particulars | As at 31 March 2023 | As at 31 March 2022 |
ASSETS | ||
Financial assets | ||
Cash and cash equivalents | 2,512.56 | 1,868.28 |
Bank balance other than above | 4.13 | 3.69 |
Derivative financial instruments | – | – |
Loans | 13,548.80 | 9,943.41 |
Investments | 2,796.25 | 2,328.45 |
Other financial assets | 186.99 | 106.34 |
Total | 19,048.73 | 14,250.16 |
Non-financial assets | ||
Current tax assets (net) | 19.05 | 52.70 |
Deferred tax assets (net) | 88.36 | 128.36 |
Property, plant and equipment | 516.52 | 442.92 |
Capital work-in-progress | 1.83 | 0.92 |
Other intangible assets | 26.65 | 27.80 |
Other non-financial assets | 14.55 | 29.18 |
Total | 666.96 | 681.88 |
Total assets | 19,715.70 | 14,932.04 |
Equity and Liabilities | ||
Liabilities | ||
Financial liabilities | ||
Trade payables | ||
Total outstanding due to micro and small enterprises | 9.10 | 6.61 |
Total outstanding dues of creditors other than micro MSE | 32.91 | 34.30 |
Borrowings (other than debt securities) | 2,726.57 | 2,198.76 |
Lease liability | 291.10 | 222.67 |
Deposits | 14,054.07 | 10,392.49 |
Subordinated liabilities | 234.20 | 383.80 |
Other financial liabilities | 256.53 | 131.46 |
Total | 17,604.48 | 13,370.09 |
Non-financial liabilities | ||
Current tax liabilities (net) | 8.37 | – |
Provisions | 12.04 | 5.84 |
Other non-financial liabilities | 14.34 | 11.49 |
Total | 34.76 | 17.33 |
Equity | ||
Equity share capital | 98.42 | 98.33 |
Other equity | 1,658.59 | 1,217.96 |
Equity attributable to equity holders of the parent | 1,757.01 | 1,316.29 |
Non controlling interest | 319.45 | 228.34 |
Total liabilities and equity | 19,715.70 | 14,932.04 |
Utkarsh Coreinvest Limited Profit & Loss Statement (In Rs. Crores)
PARTICULARS | 2023 | 2022 |
Revenue from operations | ||
Interest income | 2,723.06 | 1,960.69 |
Fees and commission income | 21.71 | 16.93 |
Net gain on fair value changes | – | – |
Total revenue from operations | 2,744.77 | 1,977.62 |
Other income | 193.42 | 117.18 |
Total income | 2,938.19 | 2,094.80 |
Expenses | ||
Finance costs | 1,024.71 | 799.30 |
Fees and commission expense | 36.20 | 25.15 |
Net loss on fair value changes | 1.49 | 3.28 |
Impairment on financial instruments | 226.14 | 453.85 |
Employee benefits expenses | 572.78 | 437.26 |
Depreciation and amortisation | 74.23 | 82.55 |
Others expenses | 271.25 | 212.29 |
Total expenses | 2,206.79 | 2,013.68 |
Profit/(loss) before tax | 731.40 | 81.12 |
Tax Expense: | ||
Current tax | 126.31 | 53.66 |
Deferred tax | 51.28 | -34.75 |
Profit for the year | 553.80 | 62.21 |
Other comprehensive income | ||
(i) Items that will not be reclassified to profit or loss | 0.45 | 0.69 |
Actuarial gain/(loss) on defined benefit obligation | -0.11 | -0.18 |
Subtotal (A) | 0.34 | 0.52 |
(i) Items that will be reclassified to profit or loss | ||
Debt securities measured at FVTOCI – reclassified to other comprehensive Income | -48.16 | -27.42 |
Income tax relating to items that will be reclassified to profit or loss | 11.40 | 6.90 |
Subtotal (B) | -36.77 | -20.52 |
Other comprehensive income (A + B) | -36.43 | -20.00 |
Total comprehensive income for the year | 517.38 | 42.21 |
Profit for the year attributable to : | ||
Equity holders of the parent | 469.69 | 53.96 |
Non-controlling interest | 84.11 | 8.26 |
Other comprehensive income for the year attributable to : | ||
Equity holders of the parent | -30.88 | -17.31 |
Non-controlling interest | -5.55 | -2.70 |
Total comprehensive income for the year attributable to : | ||
Equity holders of the parent | 438.81 | 36.65 |
Non-controlling interest | 78.56 | 5.56 |
Earnings per equity share ( INR 10.00 each) | ||
Basic earnings | 56.45 | 6.36 |
Diluted earnings | 55.88 | 6.31 |
Utkarsh Coreinvest Limited’s Cash Flow Statement (In Rs. Crores)
Particulars | 31st March 2023 | 31 March 2022 |
I. Cash Flow from Operating Activities | ||
Net profit before tax | 731.40 | 81.12 |
Adjustments for: | ||
Depreciation and amortisation | 74.23 | 82.55 |
Impairment provision/ write offs | 226.14 | 453.85 |
Net (gain) / loss in fair value changes | 1.49 | 3.28 |
Interest expense | 243.25 | 226.32 |
Interest income on investments | -157.30 | -166.34 |
Modification loss on loans | – | 16.65 |
Employee share based expense | 11.85 | 4.85 |
Impairment on non-financial asset | 1.98 | 0.36 |
Foreign exchange (loss) | – | -0.16 |
Operating cash flow before working capital changes | 1,133.04 | 702.49 |
Adjustments for: | ||
(Increase) in loans | -3,830.18 | -2,473.32 |
(Increase)/ decrease in Derivative Financial Instruments | – | 0.61 |
(Increase) in other financial assets | -69.29 | -38.14 |
Decrease/ (increase) in other non-financial asset | 7.03 | -14.30 |
Increase in deposits | 3,661.57 | 2,561.38 |
Increase in other financial liability | 125.08 | -2.33 |
Increase in other non-financial liability | 2.85 | 2.50 |
Increase in trade payables | 1.10 | 40.92 |
Increase in provision | 5.30 | 0.05 |
Cash generated from operations | 1,036.49 | 779.86 |
Income tax paid, net of refunds | -84.27 | -55.52 |
Net cash generated from operating activities | 952.23 | 724.34 |
II. Cash flow from investing activities | ||
Purchase of property, plant and equipments (including capital work in progress) | -58.70 | – |
Proceeds from sale of property, plant and equipments | -131.36 | – |
Purchase of intangible assets | 0.40 | 0.49 |
Purchase of investments | -15.10 | -15.80 |
Sale/(purchase) of non controlling interest | -2,978.67 | -1,854.94 |
Proceeds from sale of investments | 1.55 | 147.32 |
Deposit/withdrawal in other bank balances | 2,461.22 | 1,854.22 |
Dividend income | -0.45 | -0.59 |
Interest received | 145.93 | 163.90 |
Net cash used in investing activities (B) | -443.82 | 163.25 |
III. Cash flow from financing activities | ||
Issue of equity shares | 1.06 | 4.26 |
Repayment of borrowings | – | -838.62 |
Payment of lease liabilities | -54.20 | -42.05 |
Proceeds from borrowings | 549.84 | 850.00 |
Proceeds from issue of subordinated liabilities | -150.05 | – |
Reapyment of subordinated liabilities | – | – |
Interest paid | -210.78 | -159.91 |
Net cash (used in)/ from financing activities (C) | 135.87 | -186.32 |
Net increase/ (decrease) in cash and cash equivalent (A+B+C) | 644.28 | 701.27 |
Add: Cash and Cash Equivalent at beginning of year | 1,868.28 | 1,167.02 |
Cash and cash equivalents as at end of year | 2,512.56 | 1,868.28 |
Utkarsh Coreinvest Limited share Dividend History
Particulars | 2023 | 2022 |
Dividend per Share | 0 | 0 |
Retained Earnings (In Rs. Crores) | 431.45 | 44.42 |
Utkarsh Coreinvest Limited Recent Financial Performance
1. Revenue Growth:
Total revenue from operations increased from INR 1,977.62 crore in 2022 to INR 2,744.77 crore in 2023, indicating substantial revenue growth.
2. Profitability:
Profit before tax significantly improved, increasing from INR 81.12 crore in 2022 to INR 731.40 crore in 2023, reflecting a substantial increase in profitability.
3. Expenses Management:
Despite the increase in revenue, total expenses also increased but at a slower rate, indicating effective cost management.
4. Taxation:
Current tax expenses increased from INR 53.66 crore in 2022 to INR 126.31 crore in 2023, reflecting higher taxable income.
5. Net Income:
The company reported a significantly higher net profit of INR 553.80 crore in 2023 compared to INR 62.21 crore in 2022.
6. Comprehensive Income:
Total comprehensive income for the year increased substantially from INR 42.21 crore in 2022 to INR 517.38 crore in 2023, indicating strong overall performance.
7. Earnings per Share (EPS):
Basic earnings per share (EPS) increased from INR 6.36 in 2022 to INR 56.45 in 2023, indicating higher earnings available to shareholders per share.