SATIN

Satin Creditcare Network Limited

Microfinance institution with MSME and other allied lending products

Financial Services›Financial Services›Finance›Microfinance Institutions

satincreditcare.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹231.21
Market cap
2,544 Cr
Stock P/E
6.2
P/B
0.89
ROE (FY26)
11.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Satin Creditcare Network (Satin) is a microfinance lender that serves 34 lakh clients through 2,041 branches (August 2026 call), and is adding MSME (micro, small and medium enterprise), housing and green finance loans through subsidiaries.

Company snapshot

4thBy market cap

Ranked among 5 companies in Microfinance Institutions.

What we see

Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income227 Cr252 Cr277 Cr—311 Cr—325 Cr324 Cr276 Cr325 Cr250 Cr463 Cr
Other income0.87 Cr0.71 Cr5 Cr2 Cr0.56 Cr4 Cr1 Cr5 Cr5 Cr5 Cr3 Cr3 Cr
Net operating income228 Cr253 Cr282 Cr2 Cr311 Cr4 Cr327 Cr328 Cr281 Cr330 Cr253 Cr466 Cr
Employee cost110 Cr116 Cr117 Cr125 Cr143 Cr150 Cr168 Cr162 Cr173 Cr173 Cr189 Cr188 Cr
Other expenses32 Cr39 Cr34 Cr41 Cr42 Cr45 Cr55 Cr47 Cr57 Cr58 Cr53 Cr51 Cr
Provisions & contingencies————————————
Depreciation6 Cr6 Cr6 Cr6 Cr7 Cr7 Cr8 Cr6 Cr7 Cr8 Cr9 Cr8 Cr
Profit before tax143 Cr151 Cr171 Cr141 Cr62 Cr15 Cr18 Cr58 Cr69 Cr93 Cr212 Cr161 Cr
Tax %25.4%25.2%25.1%25.3%27.4%4.6%-20.1%22.3%22.6%22.8%23.6%23.9%
Net profit107 Cr113 Cr128 Cr105 Cr45 Cr14 Cr22 Cr45 Cr53 Cr72 Cr162 Cr123 Cr
EPS (₹)₹10.93₹11.23₹11.66₹9.57₹4.06₹1.30₹1.99₹4.10₹4.83₹6.54₹14.73₹11.15

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income——544 Cr524 Cr529 Cr602 Cr632 Cr981 Cr1,254 Cr1,151 CrSign in free for the trailing twelve months
Other income0.42 Cr0.52 Cr5 Cr4 Cr4 Cr4 Cr2 Cr8 Cr7 Cr18 CrSign in free for the trailing twelve months
Net operating income0.42 Cr0.52 Cr549 Cr528 Cr534 Cr606 Cr634 Cr988 Cr1,261 Cr1,169 CrSign in free for the trailing twelve months
Employee cost172 Cr221 Cr305 Cr351 Cr337 Cr393 Cr388 Cr448 Cr586 Cr686 CrSign in free for the trailing twelve months
Other expenses150 Cr319 Cr119 Cr145 Cr114 Cr131 Cr123 Cr135 Cr184 Cr206 CrSign in free for the trailing twelve months
Provisions & contingencies——————————Sign in free for the trailing twelve months
Depreciation6 Cr15 Cr13 Cr18 Cr15 Cr16 Cr18 Cr23 Cr27 Cr30 CrSign in free for the trailing twelve months
Profit before tax38 Cr-7 Cr316 Cr212 Cr-10 Cr34 Cr5 Cr583 Cr236 Cr432 CrSign in free for the trailing twelve months
Tax %34.1%52.2%36.2%26.8%-43.3%39.4%8.2%25.2%21.1%23.1%Sign in free for the trailing twelve months
Net profit25 Cr-3 Cr201 Cr155 Cr-14 Cr21 Cr5 Cr436 Cr186 Cr332 CrSign in free for the trailing twelve months
EPS (₹)₹7.24₹-1.51₹41.67₹30.43₹-2.26₹2.96₹0.62₹44.34₹16.92₹30.20Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital62 Cr75 Cr49 Cr52 Cr66 Cr75 Cr85 Cr110 Cr110 Cr110 Cr
Reserves600 Cr1,014 Cr1,101 Cr1,397 Cr1,420 Cr1,507 Cr1,543 Cr2,291 Cr2,433 Cr2,753 Cr
Borrowings2,193 Cr2,303 Cr5,271 Cr5,542 Cr6,181 Cr5,744 Cr5,911 Cr7,915 Cr8,791 Cr10,991 Cr
Other liabilities1,920 Cr2,450 Cr333 Cr309 Cr377 Cr330 Cr310 Cr174 Cr253 Cr528 Cr
Total liabilities4,778 Cr5,844 Cr6,753 Cr7,300 Cr8,045 Cr7,655 Cr7,850 Cr10,490 Cr11,587 Cr14,387 Cr
Fixed assets (net)35 Cr38 Cr45 Cr56 Cr88 Cr83 Cr87 Cr92 Cr97 Cr111 Cr
CWIP10 Cr16 Cr16 Cr34 Cr4 Cr0.18 Cr—0.09 Cr0.30 Cr7 Cr
Investments21 Cr220 Cr264 Cr246 Cr8 Cr56 Cr68 Cr63 Cr61 Cr157 Cr
Loans & advances——4,549 Cr4,941 Cr5,811 Cr5,308 Cr6,329 Cr8,908 Cr9,844 Cr11,398 Cr
Trade receivables6 Cr12 Cr12 Cr12 Cr19 Cr3 Cr5 Cr8 Cr2 Cr8 Cr
Cash & bank1,130 Cr821 Cr1,025 Cr1,177 Cr1,164 Cr1,091 Cr258 Cr424 Cr729 Cr1,506 Cr
Other assets3,576 Cr4,737 Cr842 Cr833 Cr951 Cr1,114 Cr1,102 Cr995 Cr854 Cr1,200 Cr
Total assets4,778 Cr5,844 Cr6,753 Cr7,300 Cr8,045 Cr7,655 Cr7,850 Cr10,490 Cr11,587 Cr14,387 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-966 Cr-1,290 Cr611 Cr-225 Cr-945 Cr336 Cr-956 Cr-2,069 Cr-563 Cr-974 Cr
Cash from investing-36 Cr-21 Cr-187 Cr56 Cr226 Cr-51 Cr-73 Cr-28 Cr-45 Cr-123 Cr
Cash from financing1,398 Cr970 Cr88 Cr243 Cr734 Cr-442 Cr390 Cr2,263 Cr914 Cr1,873 Cr
Net cash flow395 Cr-341 Cr512 Cr73 Cr15 Cr-157 Cr-639 Cr166 Cr305 Cr777 Cr
Free cash flow (OCF − Capex)-1,003 Cr-1,311 Cr592 Cr—-965 Cr330 Cr-966 Cr-2,082 Cr-583 Cr-1,003 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %3.7%-0.2%17.5%10.7%-0.9%1.3%0.3%18.2%7.3%11.6%
Debt / equity3.312.124.593.834.163.633.633.303.463.84