Incorporated in May 1995, Usha Financial Services Limited is a non-banking finance company providing lending solutions to other NBFCs, corporates, MSMEs, and individuals, particularly women entrepreneurs.
The company also provides services for Electric Vehicle (EV) financing. It offers a diversified range of financial products to individuals, body corporates, NBFCs, and MSMEs.
The company has an AUM of Rs. 30,695.76 Lakhs and a Net worth of Rs. 10,602.63 Lakhs. It maintains a CRAR of 33.03% and a D/E Ratio of 1.71.
The company has maintained long-term relationships with its lenders. As of September 30, 2024, the company’s lenders included 4 banks and 15 NBFCs, among others.
The company utilizes two distinct business models to generate revenue: (A) Retail Lending and (B) Wholesale Lending.
The product portfolio of the company consists of the following
Competitive Strength
As of October 2024, the company had 43 employees.
Usha Financial Services Limited’s revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 35,133.66 | 33,585.81 | 37,222.64 | 16,428.07 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,681.26 | 6,396.05 | 4,618.73 | 2,531.36 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 504.16 | 1,344.95 | 1,016.55 | 414.42 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 11,106.79 | 10,602.63 | 8,207.38 | 4,767.58 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 9,519.03 | 9,014.87 | 7,265.57 | 4,109.41 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 18,861.94 | 18,128.22 | 24,751.41 | 9,723.22 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Usha Financial Services IPO is Rs 365.19 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 9.29% |
| ROCE | 12.02% |
| Debt/Equity | 1.7 |
| RoNW | 9.29% |
| P/BV | 24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.47 | 9.28 |
| P/E (x) | 19.83 | 18.11 |
The Company intends to utilize the Net Proceeds for the following objects:
| IPO Date | October 24, 2024 to October 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹168 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,860,000 shares (aggregating up to ₹98.45 Cr) |
| Fresh Issue | 5,860,000 shares (aggregating up to ₹98.45 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,877,631 |
| Share holding post issue | 21,737,631 |
| Market Maker portion | 320,800 shares |
The company's promoters are Mr. Rajesh Gupta, Mr. Anoop Garg, Ms. Geeta Goswami, Ms. Nupur Gupta, and M/s BR Hands Investments Private Limited.
| Share Holding Pre Issue | 98.91% |
| Share Holding Post Issue | 72.24% |
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As per our analysis and Based on the information we have, this is the output.
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