Satin Creditcare Network Ltd (IN:SATIN)
:SATIN
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Satin Creditcare Network Ltd
(SATIN)
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Rating:71Outperform
Price Target:
₹237.00
▲(58.63% Upside)
Action:Upgraded
Date:05/12/26
The score is driven by strong operating momentum and attractive valuation (low P/E), supported by a strong technical uptrend. The main constraints are financial risk signals—particularly multi-year cash flow volatility and historically high leverage/uncertainty around FY2026 debt reporting—plus overbought technical readings that raise near-term pullback risk.
Positive Factors
Sustained revenue growth
Revenue accelerated over multiple years, with large percentage gains across FY2024–FY2026. Durable top-line momentum in microfinance indicates expanding customer penetration and product uptake in underserved markets, supporting medium-term loan book and fee income scalability.
Negative Factors
High, unclear leverage
Historically high debt-to-equity amplified downside risk in a credit business; the FY2026 reported zero debt is a major reporting swing that creates uncertainty about true funding structure and refinancing risk. Persistent high leverage would constrain flexibility in stress scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Revenue accelerated over multiple years, with large percentage gains across FY2024–FY2026. Durable top-line momentum in microfinance indicates expanding customer penetration and product uptake in underserved markets, supporting medium-term loan book and fee income scalability.
Read all positive factors
Satin Creditcare Network Ltd (SATIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.60B
Dividend YieldN/A
Average Volume (3M)6.17K
Price to Earnings (P/E)4.6
Beta (1Y)0.92
Revenue Growth22.27%
EPS Growth78.47%
CountryIN
Employees11,363
SectorServices
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)12.22
Shares Outstanding110,470,960
10 Day Avg. Volume5,100
30 Day Avg. Volume6,171
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.54
Price to Sales (P/S)0.49
P/FCF Ratio2.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)33.1
Revenue Forecast (FY)₹20.15B
Satin Creditcare Network Ltd Business Overview & Revenue Model
Company Description
Satin Creditcare Network Limited, a non-banking finance company, provides micro finance services in India. The company provides microcredit to economically active women in rural, semi-urban, and urban areas; loans for income generating purposes, s...
How the Company Makes Money
SATIN makes money primarily by earning interest income and related fees from its loan portfolio. The core revenue stream is the spread between (1) the interest it charges borrowers on microfinance and other small-ticket loans and (2) its cost of f...
Satin Creditcare Network Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.96B | 31.61B | 22.47B | 18.60B | 12.75B | 12.54B |
| Gross Profit | 8.96B | 20.32B | 6.72B | 5.57B | 3.10B | 2.72B |
| EBITDA | 3.03B | 4.32B | 2.66B | 6.08B | 250.45M | 511.67M |
| Net Income | 1.34B | 3.32B | 1.86B | 4.36B | 48.13M | 206.99M |
Balance Sheet | ||||||
| Total Assets | 128.51B | 143.87B | 115.87B | 104.85B | 78.50B | 76.55B |
| Cash, Cash Equivalents and Short-Term Investments | 25.70B | 22.51B | 12.79B | 10.80B | 8.52B | 18.22B |
| Total Debt | 96.40B | 109.91B | 87.91B | 79.10B | 59.11B | 57.44B |
| Total Liabilities | 102.30B | 115.19B | 90.44B | 80.84B | 62.21B | 60.73B |
| Stockholders Equity | 26.21B | 28.63B | 25.43B | 24.01B | 16.28B | 15.82B |
Cash Flow | ||||||
| Free Cash Flow | 7.22B | 7.45B | -5.83B | -20.82B | -9.66B | 3.30B |
| Operating Cash Flow | 7.32B | 7.70B | -5.63B | -20.69B | -9.56B | 3.36B |
| Investing Cash Flow | -2.79B | -17.67B | -453.89M | -282.29M | -728.98M | -507.98M |
| Financing Cash Flow | 7.03B | 17.73B | 9.14B | 22.63B | 3.90B | -4.42B |
Satin Creditcare Network Ltd Technical Analysis
Positive
149.40
Price Trends
152.23
Positive
149.76
Positive
149.89
Positive
Market Momentum
4.26
Negative
75.86
Negative
79.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SATIN, the sentiment is Positive. The current price of 149.4 is below the 20-day moving average (MA) of 150.70, below the 50-day MA of 152.23, and below the 200-day MA of 149.89, indicating a bullish trend. The MACD of 4.26 indicates Negative momentum. The RSI at 75.86 is Negative, neither overbought nor oversold. The STOCH value of 79.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SATIN.
Satin Creditcare Network Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹24.60B | 4.63 | ― | ― | 22.27% | 78.47% | |
66 Neutral | ₹210.66B | 23.81 | ― | 0.77% | 5.00% | 45.78% | |
61 Neutral | ₹18.86B | 18.43 | ― | ― | -6.16% | -68.64% | |
59 Neutral | ₹30.92B | 24.60 | ― | ― | -3.48% | ― | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
48 Neutral | ₹32.97B | 45.02 | ― | ― | -30.75% | 73.28% | |
47 Neutral | ₹23.14B | -2.02 | ― | ― | -56.02% | 33.35% |
* Services Sector Average
IN:SATIN
Satin Creditcare Network Ltd
223.70
50.75
29.34%
IN:ARMANFIN
Arman Financial Services Limited
1,794.10
315.15
21.31%
IN:CREDITACC
CreditAccess Grameen Ltd.
1,314.95
193.55
17.26%
IN:FUSION
Fusion Finance Ltd
204.65
25.70
14.36%
IN:MUTHOOTMF
Muthoot Microfin Ltd
181.35
50.10
38.17%
IN:SPANDANA
Spandana Sphoorty Financial Ltd.
261.10
-20.11
-7.15%
Satin Creditcare Network Ltd Corporate Events
Satin Creditcare Raises ₹200 Crore Tier II Capital to Power Impact-Led Growth
May 7, 2026
Satin Creditcare Network Limited has raised INR 200 crore in subordinated Tier II capital with a seven-year tenure to reinforce its capital base and support sustained growth across its businesses. The long-tenor structure strengthens capital adequ...
Satin Creditcare Schedules Q4 and FY26 Earnings Call for May 12
May 6, 2026
Satin Creditcare Network Limited has scheduled an investors and analysts earnings conference call on Tuesday, May 12, 2026, at 10:30 a.m. IST to discuss its audited standalone and consolidated financial results for the fourth quarter and full year...
Satin Creditcare Subsidiary Launches ₹200 Crore Women-Led Impact AIF
Apr 15, 2026
Satin Growth Alternatives Limited, a wholly owned subsidiary of Satin Creditcare Network Limited, has received SEBI registration and launched SGAL-Scheme 1, a ₹200 crore Category II AIF targeting inclusion, sustainability, and impact-focused...
Satin Finserv Posts Transformational FY26 With Rapid Growth and Capital Boost
Apr 3, 2026
Satin Finserv Limited, the wholly owned subsidiary of Satin Creditcare Network Ltd, reported a transformational FY26 marked by strong growth in assets and disbursements alongside significant operational expansion. The company crossed Rs 1,000 cror...
Satin Creditcare Names New Chief Audit Officer as Veteran Retires
Mar 21, 2026
Satin Creditcare Network Limited’s board has approved the appointment of Ankit Bhatia as Chief Audit Officer, effective April 1, 2026, following recommendations from its Nomination and Remuneration Committee and Audit Committee. The move und...
Satin Creditcare Clears ₹50 Crore Subordinated NCD Issue With 12% Monthly Coupon
Mar 20, 2026
Satin Creditcare Network Ltd’s working committee has approved the issuance of up to 5,000 subordinated, unsecured, listed, rated, taxable, redeemable non-convertible debentures (NCDs) of ₹1 lakh each, aggregating ₹50 crore, on a ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.