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×

icl fincorp Limited

22.10
+ 0.45 %
Scrip Name
ICL FINCORP
ISIN No.
INE01CY01013
PAN No.
AAACJ1806C
Face Value
10
No. of Outstanding Shares
44,334,952
Market Capitalization
97.98 Crore

ABOUT ICL FINCORP LIMITED


ICL FINCORP LIMITED was incorporated as Jawahar Finance Limited in December 1991 in Chennai. The Company was later renamed Irinjalakuda Credits & Leasing Company Limited in April 2004, which was further renamed ICL Fincorp Limited in May 2016. The company is a non-deposit accepting Non-Banking Financial Company (NBFC) which provides a wide range of fund-based services.


The company has consciously built a diversified lending business covering retail consumers, small and medium enterprises, and commercial borrowers. The business model of the Company is built on well-defined multiple product offerings and well-developed systems and processes. The product portfolio of the company includes Gold loans, Property loans, Business loans, Vehicle loans & HP loans, Insurance, Money Transfer, Foreign Exchange, and Debenture.


ICL Fincorp Limited has a network of 163 branches spread across 5 states in South India, i.e. Kerala, Telangana, Tamil Nadu, Karnataka, and Andhra Pradesh. The company has plans to spread its presence in Pan India very soon.


The Company is in the process of improving the efficiency of operations of existing branches by identifying those branches which are below the Break-Even Point in terms of revenue generation and taking appropriate actions like merging, shifting or closure through due statutory procedures.

 

INCORPORATION DETAILS


CIN

U65191TN1991PLC021815

Registration Date

09 December 1991

Category/Sub-category of the Company

Public Company Limited by Shares - NBFC

Address of the Registered office and contact details

No.61/1, VGP Complex, First Avenue,

Ashok Nagar Chennai, Tamil Nadu –600083

Ph: 0480-2828071

E- mail: ceo@iclfincorp.com

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Cameo Corporate Services Limited

"Subramanian Building", #1, Club House

Road, Chennai, Tamil Nadu - 600 002

Ph: 044-28460390

E- mail: cameo@cameoindia.com

 

PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Providing Non-BankingFinancial Services

64990

100%

 

BOARD OF DIRECTORS

K G Anilkumar (Managing Director)

UmadeviAnilkumar (Whole Time Director)

K K Wilson (Director)

Nadarajan IPS (Independent Director)

Shinto Stanly (Independent Director)

Sajish Gopalan (Independent Director)


PARTICULARS OF SUBSIDIARY COMPANIES

Name of the Company

% of shares held

Salem ErodeInvestments Limited

76.03%

 

 

ICL FINCORP LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

4,43,34,952

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE01CY01013

PAN No.

AAACJ1806C

Lot Size:

1000

Last Traded Price

Rs 30

Market Cap:



SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

K.G.Anilkumar

1,28,75,300

29.04%

2

UmadeviAnilkumar

40,99,799

9.25%

3

K.K.Wilson

21,333

0.05%

4

Public Shareholding

2,73,38,520

61.66%

 

Total

4,43,34,952

100.00%


INDUSTRY OUTLOOK

 

India’s financial services sector is very diversified and comprises various entitiessuch as commercial banks, insurance companies, co-operatives, mutual funds, non-banking financial companies (NBFCs), and other various entities. The share ofNBFCs is continuously growing in the financial services industry. As per RBI, NBFCs have outperformed Scheduled Commercial Banks (SCBs) in terms of growth in advances and in asset quality. It is expected that the NBFCs will grow their share in the financial services sector in near future.


The FY 2020 has been one of the most eventful and challenging years that the financial services industry has experienced. The Outbreak of the COVID 19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID 19 are still uncertain, it will affect the plans of this industry for FY 2021.


According to ICRA, a rating agency, the NBFC industry is likely to face asset quality pressure in the short term. However, the majority of the NBFC industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.


RBI has announced various measures, as a part of the response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5000 Crore.

 

KEY FINANCIALS OF ICL FINCORP LIMITED (In Rs. Lakhs)

 

Particulars

2020

2019

2018

2017

Revenue from Operations

5,783.64

4,901.60

2,899.63

1,282.45

EBITDA

3,187.56

2,464.59

1,490.61

606.69

EBITDA margin

55.11%

50.28%

51.41%

47.31%

Finance Cost

2,567.98

2,018.07

1,155.20

410.71

Depreciation, amortization and impairment

556.69

448.37

237.59

112.25

Other Income

14.75

40.99

8.17

0.57

Profit Before Tax

77.65

39.14

105.99

84.30

Total Tax

32.34

37.69

31.88

48.55

Profit After Tax (PAT)

45.32

1.45

74.11

35.75

EPS

0.12

0

0.33

0.29

 

BALANCE SHEET OF ICL FINCORP LIMITED (In Rs. Lakhs)

Particulars

2020

2019

ASSETS



FINANCIAL ASSETS



Cash and cash equivalents

1,557.91

1,132.89

Loans

24,944.27

18,989.02

Investments

87.18

121.39

Other Financial assets

1,573.55

2,165.76

TOTAL FINANCIAL ASSETS

28,162.91

22,409.06

NON-FINANCIAL ASSETS



Tax Assets

443.26

51.36

Property, plant and Equipment

1,622.95

1,290.41

Intangible assets

501.81

8.38

Other non-financial assets

1,090.13

666.35

TOTAL NON FINANCIAL ASSETS

3,658.15

2,016.49

TOTAL ASSETS

31,821.06

24,425.55

EQUITY AND LIABILITIES



EQUITY



Equity Share capital

4,433.50

3,593.29

Other Equity

2,590.58

1,691.15

Non Controlling Interest

573.07

0.00

TOTAL EQUITY

7,597.14

5,284.45

LIABILITIES



FINANCIAL LIABILITIES



Payables

58.19

46.44

Debt Securities

16,971.95

14,050.85

Borrowings (Other than Debt Securities)

146.43

594.70

Subordinate Liabilities

4,086.60

2,189.00

Lease Liability

441.65

326.80

Other financial liabilities

2,197.07

1,803.74

TOTAL FINANCIAL LIABILITES

23,901.88

19,011.53

NON-FINANCIAL LIABILITIES



Provisions

222.83

83.26

Other non-financial liabilities

99.21

46.31

TOTAL NON FINANCIAL LIABILITES

322.04

129.57

TOTAL LIABILITIES

24,223.92

19,141.11

TOTAL EQUITY AND LIABILITIES

31,821.06

24,425.55

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

Nil

Nil

Nil

Retained Earnings (Consolidated) (In Rs. Lakhs)

54.63

23.16

27.78

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 17.9% from Rs. 4,901.60 lakhs in FY 2019 to Rs. 5,783.64 lakhs in FY 2020.


EBITDA of the company increased by 29.33% from Rs. 2,464.59 lakhs in FY 2019 to Rs. 3,187.56 lakhs in FY 2020.


Finance cost of the company increased by 27.25% from Rs. 2,018.07 lakhs in FY 2019 to Rs. 2,567.98 lakhs in FY 2020.


Net profit of the company hasgrown significantly from Rs. 1.45 lakhs in FY 2019 to Rs. 45.32 lakhs in FY 2020.


The total loan given by the company as of 31st March 2020 was Rs. 24,944.27 lakhs, of whichmore than 90% of the loan portfolio of the company is under Gold Loan Category.


The total Assets Under Management (AUM) for the company as a whole grew by 31% Year on Year. The business AUMin FY 2020 stood at Rs. 24,900lakhs as against Rs. 18,900lakhs recorded in FY 2019.


Book value of the company as of 31st March 2020 was Rs. 15.86 per equity share.


ICL Fincorp Limited has not given any dividend from the past three years.


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