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Utkarsh Micro Finance Ltd Unlisted Shares

Utkarsh Micro Finance Unlisted Share Buy & Sell

Investment In Unlisted Shares In 2019 Is The Best Choice To Double The Savings With Time And We Have A Good Option For You Which Is Utkarsh Micro Finance Share, Who Is Leading In The Finance Industry With It Rapid Growth.

You Can Choose It To Invest Your Saving And Also The Current Face Value And Prices Of These Shares Ensures That Investing In Utkarsh Micro Finance Unlisted Share Is The Wise Choice For The Investors Who Want To Generate Revenues From Their Savings.

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:

Utkarsh Coreinvest (holding company) is the promoter of the bank. It holds 99.99% shares in the bank.

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 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.

 

Annual Report- 2018-19

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