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:

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.

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