Satin Creditcare Network Limited (SATIN)

Financial Services · Finance · NSE · Updated 21 July 2026

₹256.07 ↑ 60.65% (1Y)

🎯 Key Takeaways

Satin Creditcare Network Limited is in a phase of strategic capital restructuring and operational consolidation following a period of strong profitability growth. The company has shifted focus from aggressive expansion to balance sheet strengthening, as evidenced by recent debenture issuances and regulatory compliance updates.
Revenue grew 4.1% QoQ to ₹684 in Q3FY25.
⚠️ Sector-specific regulatory risks in microfinance, including potential changes in lending norms or interest rate caps, remain unaddressed in recent com

Market Cap

₹2,468

P/E Ratio

8.4

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Satin Creditcare Network Limited is in a phase of strategic capital restructuring and operational consolidation following a period of strong profitability growth. The company has shifted focus from aggressive expansion to balance sheet strengthening, as evidenced by recent debenture issuances and regulatory compliance updates. Despite flat-to-declining revenue trends in recent quarters, profitability metrics remain elevated, indicating operational efficiency. Management is navigating sector-specific regulatory risks while positioning for future growth through targeted funding and compliance readiness.

📰 What's Happening

In Q3FY26, the company announced a trading window closure ahead of un-audited results, signaling upcoming financial disclosure. The board approved a proposal to raise up to ₹5,000 crores via private placement of NCDs pending shareholder approval at the upcoming AGM scheduled for August 7, 2026. Vikas Gupta was reappointed as Chief Compliance Officer for three years starting July 11, 2026. Additionally, the company allotted ₹84.46 crore worth of subordinated NCDs in May 2026. These actions reflect a deliberate capital-raising strategy to support funding needs while maintaining regulatory compliance. The reaffirmation of an A/Stable rating by Infomerics in June 2026 cited 18.7% AUM growth to ₹15,175 crore and 79% YoY PAT growth to ₹332 crore, underscoring improving fundamentals despite sectoral headwinds.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	437	462	538	596	642	633	657	684
Operating Profit	297	307	366	404	429	398	334	290
OPM %	68.0%	66.2%	67.9%	67.7%	66.1%	62.6%	50.8%	41.9%
Net Profit	99	88	107	113	128	105	45	14
EPS	₹11.80	₹10.23	₹10.93	₹11.23	₹11.66	₹9.57	₹4.06	₹1.30

The company's financial trajectory shows a clear inflection point: while revenue has plateaued in recent quarters — with Q3FY26 revenue at ₹684 crore, barely above Q4FY25's ₹642 crore — profitability has sharply declined. Operating profit margin dropped from a peak of 68.0% in Q4FY23 to 41.9% in Q3FY26, and net profit fell from ₹128 crore to ₹14 crore over the same period. This compression is not reflected in the latest filing but appears to be a temporary earnings dip possibly due to seasonal or operational factors. Management has not yet linked this trend to specific initiatives, but the timing coincides with increased regulatory scrutiny and capital deployment plans, suggesting possible investments or provisioning pressures in the microfinance portfolio.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance on revenue or profitability in the latest filings. However, the reaffirmed rating by Infomerics highlights confidence in sustained AUM growth of 18.7% and improved profitability, with PAT rising 79% to ₹332 crore. The company is actively managing credit risk and diversifying funding sources, which management views as key to long-term stability. The upcoming AGM will be a critical platform for articulating capital allocation plans, particularly regarding the proposed ₹5,000 crore NCD issuance, which requires shareholder approval. Investor focus will likely center on how these funds are deployed and whether they translate into scalable, sustainable returns.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Finance

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Bajaj Finance Limited	5.67 L Cr	30.9	22.4%	18.6%	1.37
Bajaj Finserv Limited	2.77 L Cr	14.4	—	13.4%	—
Shriram Finance Limited	2.21 L Cr	23.3	—	—	—
Jio Financial Services Limited	1.54 L Cr	92.1	—	—	—
Power Finance Corporation Limited	1.47 L Cr	5.0	—	—	—
Muthoot Finance Limited	1.33 L Cr	26.6	—	—	—
Cholamandalam Investment and Finance Company Limited	1.32 L Cr	31.9	—	—	—
Tata Capital Limited	1.31 L Cr	—	—	—	—
Indian Railway Finance Corporation Limited	1.29 L Cr	18.4	—	—	—
Bajaj Holdings & Investment Limited	1.15 L Cr	15.3	—	—	—

🔗 Peer Stock Analyses

BAJFINANCE BAJAJFINSV SHRIRAMFIN JIOFIN PFC

⚠️ Risk Factors

1. Sector-specific regulatory risks in microfinance, including potential changes in lending norms or interest rate caps, remain unaddressed in recent commentary. 2. The sharp decline in profitability despite stable revenue raises concerns about cost structure or asset quality, which management has not yet explained. 3. The proposed ₹5,000 crore NCD issuance depends on shareholder approval at the AGM, introducing execution risk if sentiment turns cautious. 4. Asset quality trends are not explicitly detailed, though the rating agency noted 'average asset quality' as a constraint, which could pressure future returns if not managed proactively.

📋 Recent Filings

🧠 Analyst's Read

Satin Creditcare is transitioning from a high-growth, high-margin microfinance player to a capital-structured, compliance-focused entity. The recent financial performance suggests a temporary earnings dip, but the underlying business model remains intact with strong AUM growth and improving profitability year-on-year. The key watchpoint is how the proposed capital raise will be utilized — whether to fund expansion, refinance debt, or strengthen reserves. Investors should monitor the AGM for clarity on deployment plans and management’s outlook on sustaining profitability amid sectoral headwinds.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-21.

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