Reliance Capital

Reliance Capital's net profit rose 67.4% to INR -15,130 mil in 2018

By Helgi Analytics - November 14, 2019

Reliance Capital made a net profit of INR -15,130 mil under revenues of INR 160,060 mil in 2018, up 67.4% and 9.15% respectively comp...

Reliance Capital's net interest income rose 0.207% to INR 33,840 mil in 2018

By Helgi Analytics - November 14, 2019

Reliance Capital generated total banking revenues of INR 160,060 mil in 2018, up 9.15% compared to the previous year. His...

Reliance Capital's net interest margin fell 0.615% to 4.05% in 2018

By Helgi Analytics - November 14, 2019

Reliance Capital's net interest margin amounted to 4.05% in 2018, down from 4.07% compared to the previous year. Historica...

Profit Statement 2016 2017 2018
Net Interest Income INR mil 25,910 33,770 33,840
Net Fee Income INR mil 100,770 5,900 6,080
Other Income INR mil 18,930 106,970 120,140
Total Revenues INR mil 145,610 146,640 160,060
Operating Profit INR mil 21,300 -43,050 -15,000
Provisions INR mil 2,710 -1,310 -1,680
Net Profit INR mil 10,860 -46,340 -15,130
Balance Sheet 2016 2017 2018
Interbank Loans INR mil 276,280 332,980 326,720
Customer Loans INR mil 334,730 321,060 354,480
Total Assets INR mil 826,010 831,790 839,730
Shareholders' Equity INR mil 169,650 26,400 7,480
Interbank Borrowing INR mil 123,550 291,260 266,400
Issued Debt Securities INR mil 269,060 163,110 185,470
Ratios 2016 2017 2018
ROE % 6.67 -47.3 -89.3
ROA % 1.45 -5.59 -1.81
Costs (As % Of Assets) % 16.6 22.9 20.9
Costs (As % Of Income) % 85.4 129 109
Net Interest Margin % 3.46 4.07 4.05
NPLs (As % Of Loans) % ... ... ...
Provisions (As % Of NPLs) % ... ... ...
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 2,299 1,688 744
Share Price (End Of Period) INR 618 426 207
Price/Earnings (P/E) 14.4 ... ...
Price/Book Value (P/BV) 0.921 4.07 6.95
Dividend Yield % 1.86 2.60 0
Earnings Per Share (EPS) 43.0 -183 -60.3
Book Value Per Share 672 104 29.8
Dividend Per Share 11.5 11.1 0

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                    
Net Interest Income INR mil                       9,040 12,190 13,190 14,820 25,910    
Total Revenues INR mil                       51,760 50,190 62,850 71,680 145,610    
Operating Profit INR mil                       12,860 11,290 15,420 19,900 21,300    
Net Profit INR mil                       8,120 7,470 10,010 11,010 10,860    
balance sheet                                    
Interbank Loans INR mil ... ... ... ... ... ... ...         150,870 161,570 158,810 252,790 276,280    
Customer Loans INR mil                       202,130 224,620 267,900 300,870 334,730    
Total Assets INR mil                       405,880 455,280 474,400 671,120 826,010    
Shareholders' Equity INR mil                       124,870 129,350 139,930 155,910 169,650    
Interbank Borrowing INR mil                       88,240 113,990 94,420 99,780 123,550    
Issued Debt Securities INR mil                       136,860 141,780 166,970 180,570 269,060    
ratios                                    
ROE %                       6.66 5.88 7.43 7.44 6.67    
ROA %                       2.14 1.73 2.15 1.92 1.45    
Costs (As % Of Assets) %                       10.2 9.03 10.2 9.04 16.6    
Costs (As % Of Income) %                       75.2 77.5 75.5 72.2 85.4    
Net Interest Margin %                       2.38 2.83 2.84 2.59 3.46    
Interest Income (As % Of Revenues) %                       17.5 24.3 21.0 20.7 17.8    
Fee Income (As % Of Revenues) %                       58.3 70.0 65.4 64.4 69.2    
Equity (As % Of Assets) %                       30.8 28.4 29.5 23.2 20.5    
Loans (As % Assets) %                       49.8 49.3 56.5 44.8 40.5    
NPLs (As % Of Loans) % ... ... ... ... ... ...           1.79 1.52 1.88 1.66 ... ... ...
Provisions (As % Of NPLs) % ... ... ... ... ... ...           22.0 19.0 21.6 21.6 ... ... ...
valuation                                    
Market Capitalisation (End Of Period) USD mil                       1,410 1,382 1,710 1,410 2,299    
Number Of Shares (Average) mil                       246 246 246 253 253    
Share Price (End Of Period) INR                       314 348 438 370 618    
Earnings Per Share (EPS)                       33.1 30.4 40.7 43.6 43.0    
Book Value Per Share                       508 527 569 617 672    
Dividend Per Share                       7.98 8.51 9.29 11.0 11.5    
Price/Earnings (P/E)                       9.51 11.4 10.8 8.50 14.4 ... ...
Price/Book Value (P/BV)                       0.618 0.660 0.771 0.600 0.921    
Dividend Yield %                       2.54 2.45 2.12 2.98 1.86    
Earnings Per Share Growth % ...                     77.3 -8.00 33.8 7.11 -1.36    
Book Value Per Share Growth % ...                     4.94 3.59 8.01 8.50 8.81    
income statement Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                    
Interest Income INR mil                       32,470 37,200 39,610 43,030 56,590    
Interest Cost INR mil                       23,430 25,010 26,420 28,210 30,680    
Net Interest Income INR mil                       9,040 12,190 13,190 14,820 25,910    
Net Fee Income INR mil                       30,170 35,140 41,090 46,180 100,770    
Other Income INR mil                       12,550 2,860 8,570 10,680 18,930    
Total Revenues INR mil                       51,760 50,190 62,850 71,680 145,610    
Operating Cost INR mil                       38,900 38,900 47,430 51,780 124,310    
Operating Profit INR mil                       12,860 11,290 15,420 19,900 21,300    
Provisions INR mil                       2,130 1,150 1,560 1,320 2,710    
Extra and Other Cost INR mil                       2,430 1,670 1,550 1,260 3,200    
Pre-Tax Profit INR mil                       8,300 8,470 12,310 17,320 15,390    
Tax INR mil                       1,270 1,640 2,240 3,790 2,930    
Minorities INR mil                       620 970 1,300 1,640 1,620    
Net Profit INR mil                       8,120 7,470 10,010 11,010 10,860    
Dividends INR mil                       1,960 2,090 2,286 2,790 2,900    
growth rates                                    
Net Interest Income Growth % ...                     48.7 34.8 8.20 12.4 74.8    
Net Fee Income Growth % ...                     8.37 16.5 16.9 12.4 118    
Total Revenue Growth % ...                     18.3 -3.03 25.2 14.0 103    
Operating Cost Growth % ...                     7.52 0 21.9 9.17 140    
Operating Profit Growth % ...                     7.52 0 -60.4 29.1 7.04    
Pre-Tax Profit Growth % ...                     59.9 2.05 45.3 40.7 -11.1    
Net Profit Growth % ...                     77.3 -8.00 34.0 9.99 -1.36    
market share                                    
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ...   2.19 1.86 2.07 2.13 3.62   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ...   1.37 1.39 1.84 2.68 ... ... ...
balance sheet Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                    
Cash INR mil                       15,820 26,630 16,240 33,350 57,250    
Interbank Loans INR mil ... ... ... ... ... ... ...         150,870 161,570 158,810 252,790 276,280    
Customer Loans INR mil                       202,130 224,620 267,900 300,870 334,730    
Fixed Assets INR mil                       4,390 4,830 5,320 55,150 57,480    
Total Assets INR mil                       405,880 455,280 474,400 671,120 826,010    
Shareholders' Equity INR mil                       124,870 129,350 139,930 155,910 169,650    
Of Which Minority Interest INR mil                       5,160 5,440 6,690 14,480 16,310    
Liabilities INR mil                       281,010 325,930 334,470 515,210 656,360    
Interbank Borrowing INR mil                       88,240 113,990 94,420 99,780 123,550    
Issued Debt Securities INR mil                       136,860 141,780 166,970 180,570 269,060    
asset quality                                    
Non-Performing Loans INR mil ... ...                   3,640 3,430 5,050 5,000 400    
Gross Loans INR mil ... ... ... ... ... ...           202,930 225,270 268,990 301,950 ... ... ...
Total Provisions INR mil ... ... ... ... ... ...           800 650 1,090 1,080 ... ... ...
growth rates                                    
Customer Loan Growth % ...                     20.0 11.1 19.3 12.3 11.3    
Total Asset Growth % ...                     14.8 12.2 4.20 41.5 23.1    
Shareholders' Equity Growth % ...                     4.94 3.59 8.18 11.4 8.81    
market share                                    
Market Share in Customer Loans % ... ... ...                 0.366 0.350 0.378 0.377 0.405   ...
Market Share in Total Assets %                       0.468 0.450 0.426 0.532 0.582   ...
ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                    
ROE %                       6.66 5.88 7.43 7.44 6.67    
ROA %                       2.14 1.73 2.15 1.92 1.45    
Costs (As % Of Assets) %                       10.2 9.03 10.2 9.04 16.6    
Costs (As % Of Income) %                       75.2 77.5 75.5 72.2 85.4    
Net Interest Margin %                       2.38 2.83 2.84 2.59 3.46    
Interest Spread % ...                     -0.538 0.398 0.520 0.873 2.32    
Asset Yield %                       8.55 8.64 8.52 7.51 7.56    
Cost Of Liabilities % ...                     9.09 8.24 8.00 6.64 5.24    
Payout Ratio %                       24.1 28.0 22.8 25.3 26.7    
Interest Income (As % Of Revenues) %                       17.5 24.3 21.0 20.7 17.8    
Fee Income (As % Of Revenues) %                       58.3 70.0 65.4 64.4 69.2    
Other Income (As % Of Revenues) %                       24.2 5.70 13.6 14.9 13.0    
Equity (As % Of Assets) %                       30.8 28.4 29.5 23.2 20.5    
Loans (As % Assets) %                       49.8 49.3 56.5 44.8 40.5    
NPLs (As % Of Loans) % ... ... ... ... ... ...           1.79 1.52 1.88 1.66 ... ... ...
Provisions (As % Of NPLs) % ... ... ... ... ... ...           22.0 19.0 21.6 21.6 ... ... ...
Provisions (As % Of Loans) % ... ... ... ... ... ...           0.396 0.289 0.407 0.359 ... ... ...
Cost of Provisions (As % Of Loans) %                       1.15 0.539 0.633 0.464 0.853    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                    
Employees ... ... ... ...               18,675 18,384 18,518 16,919 15,595    

Get all company financials in excel:

Download Sample   $19.99

Reliance Capital's total revenues rose 9.15% to INR 146,640 mil in 2018

By Helgi Analytics - November 14, 2019

Reliance Capital generated total banking revenues of INR 146,640 mil in 2017, up 0.707% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last year....

Reliance Capital's customer loans rose 10.4% to INR 321,060 mil in 2018

By Helgi Analytics - November 14, 2019

Reliance Capital's customer loans reached INR 321,060 mil in 2017, down 4.08% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Reliance Capital accounted for 0...

Reliance Capital's price/earnings (P/E) rose 69.3% to 14.4 in 2016

By Helgi Analytics - November 14, 2019

Reliance Capital stock traded at INR 618 per share at the end 2016 implying a market capitalization of USD 2,299 mil. Since the end of 2011, the stock has appreciated by 56.7 % implying an annual average growth of 9.40 %. In absolute terms, the value of the company ...

Reliance Capital's share price (end of period) fell 51.4% to INR 618 in 2018

By Helgi Analytics - November 14, 2019

Reliance Capital stock traded at INR 618 per share at the end of 2016 implying a market capitalization of USD 2,299 mil. Since the end of 2011, the stock has appreciated by 56.7 % implying an annual average growth of 9.40 %. In absolute terms, the value of the company...

Reliance Capital's npls (as % of loans) fell 11.8% to 1.66% in 2015

By Helgi Analytics - November 14, 2019

Reliance Capital's non-performing loans reached 1.66% of total loans at the end of 2015, down from 1.88% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.91% in 2008 and an all time low of 0.412% in 2007. Provision covera...

More News

Finance

Reliance Capital has been growing its revenues and asset by 30.7% and 7.76% a year on average in the last 3 years. Its loans and deposits have grown by 5.62% and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of -43.3% in the last three years with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 109% in 2018, compared to 108% average in the last three years.

Equity represented 0.891% of total assets or 2.11% of loans at the end of 2018. Reliance Capital's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.

Valuation

Reliance Capital stock traded at INR 207 per share at the end of 2018 resulting in a market capitalization of USD 744 mil. Over the previous five years, stock price fell by 40.5% or 9.869999999999999% a year on average. That’s compared to an average ROE of -23.0% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 6.95x in 2018.