Shriram City Union Finance

Shriram City's net profit rose 39.1% to INR 9,890 mil in 2018

By Helgi Analytics - October 15, 2019

Shriram City Union Finance made a net profit of INR 9,890 mil under revenues of INR 38,020 mil in 2018, up 39.1% and 8.78% respective...

Shriram City's npls (as % of loans) fell 2.89% to 9.13% in 2018

By Helgi Analytics - October 15, 2019

Shriram City Union Finance's non-performing loans reached 9.13% of total loans at the end of 2018, down from 9.41% compared to th...

Shriram City's capital adequacy ratio rose 8.19% to 23.1% in 2018

By Helgi Analytics - October 15, 2019

Shriram City Union Finance's capital adequacy ratio reached 23.1% at the end of 2018, up from 21.4% compared to the previous year...

Profit Statement 2016 2017 2018
Net Interest Income INR mil 28,980 34,930 37,990
Other Income INR mil 30.0 20.0 30.0
Total Revenues INR mil 29,010 34,950 38,020
Staff Cost INR mil 5,500 7,060 8,390
Operating Profit INR mil 17,650 21,130 23,020
Provisions INR mil 9,110 10,230 7,820
Net Profit INR mil 5,560 7,110 9,890
Balance Sheet 2016 2017 2018
Interbank Loans INR mil 270 206 133
Customer Loans INR mil 231,320 275,820 295,820
Debt Securities INR mil 832 877 911
Total Assets INR mil 262,967 307,791 314,183
Shareholders' Equity INR mil 50,250 55,550 63,910
Interbank Borrowing INR mil ... ... ...
Customer Deposits INR mil 170,420 214,010 225,710
Issued Debt Securities INR mil ... ... ...
Ratios 2016 2017 2018
ROE % 11.7 13.4 16.6
ROA % 2.30 2.49 3.18
Costs (As % Of Assets) % 4.70 4.84 4.82
Costs (As % Of Income) % 39.2 39.5 39.5
Capital Adequacy Ratio % 23.9 21.4 23.1
Net Interest Margin % 12.0 12.2 12.2
Loans (As % Of Deposits) % 136 129 131
NPLs (As % Of Loans) % 6.34 9.41 9.13
Provisions (As % Of NPLs) % 73.3 69.1 74.7
Growth Rates 2016 2017 2018
Total Revenue Growth % 17.4 20.5 8.78
Operating Cost Growth % 8.29 21.7 8.54
Operating Profit Growth % 24.0 19.7 8.94
Net Profit Growth % 4.91 27.9 39.1
Customer Loan Growth % 18.2 19.2 7.25
Total Asset Growth % 19.1 17.0 2.08
Customer Deposit Growth % 18.3 25.6 5.47
Shareholders' Equity Growth % 11.5 10.5 15.0

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2012 2013 2014 2015 2016 2017 2018
income statement              
Net Interest Income INR mil 16,610 18,230 21,550 24,510 28,980    
Total Revenues INR mil 16,610 18,230 22,040 24,720 29,010    
Operating Profit INR mil 10,380 10,990 12,940 14,230 17,650    
Net Profit INR mil 4,500 5,210 5,580 5,300 5,560    
balance sheet              
Interbank Loans INR mil ... ... 1,187 746 270    
Customer Loans INR mil 158,280 146,680 167,170 195,750 231,320    
Debt Securities INR mil ... ... 834 872 832    
Total Assets INR mil ... ... 186,563 220,731 262,967    
Shareholders' Equity INR mil ... ... 40,870 45,050 50,250    
Interbank Borrowing INR mil 73,560 64,960 ... ... ... ... ...
Customer Deposits INR mil 42,640 47,750 124,020 144,080 170,420    
Issued Debt Securities INR mil 11,080 7,860 ... ... ... ... ...
ratios              
ROE % ... ... 13.7 12.3 11.7    
ROA % ... ... 2.99 2.60 2.30    
Costs (As % Of Assets) % ... ... 4.88 5.15 4.70    
Costs (As % Of Income) % 37.5 39.7 41.3 42.4 39.2    
Capital Adequacy Ratio % 18.6 26.1 28.8 26.1 23.9    
Net Interest Margin % ... ... 11.6 12.0 12.0    
Interest Income (As % Of Revenues) % 100 100 97.8 99.2 99.9    
Staff Cost (As % Of Total Cost) % 36.0 37.4 45.3 48.9 48.4    
Equity (As % Of Assets) % ... ... 21.9 20.4 19.1    
Loans (As % Of Deposits) % 371 307 135 136 136    
Loans (As % Assets) % ... ... 89.6 88.7 88.0    
NPLs (As % Of Loans) % 1.84 2.28 2.87 4.84 6.34    
Provisions (As % Of NPLs) % 63.6 77.6 78.4 69.7 73.3    
valuation              
Number Of Shares (Average) mil ... ... 64.9 66.0 66.0    
Earnings Per Share (EPS) ... ... 86.0 80.3 84.2    
Book Value Per Share ... ... 630 683 761    
Earnings Per Share Growth % ... ... ... -6.64 4.89    
Book Value Per Share Growth % ... ... ... 8.34 11.5    
income statement Unit 2012 2013 2014 2015 2016 2017 2018
income statement              
Interest Income INR mil 30,710 31,730 34,820 38,340 44,320    
Interest Cost INR mil 14,100 13,500 13,270 13,830 15,340    
Net Interest Income INR mil 16,610 18,230 21,550 24,510 28,980    
Other Income INR mil 0 0 490 210 30.0    
Total Revenues INR mil 16,610 18,230 22,040 24,720 29,010    
Staff Cost INR mil 2,240 2,710 4,120 5,130 5,500    
Other Cost INR mil 3,990 4,530 4,980 5,360 5,860    
Operating Cost INR mil 6,230 7,240 9,100 10,490 11,360    
Operating Profit INR mil 10,380 10,990 12,940 14,230 17,650    
Provisions INR mil 3,840 3,840 4,540 6,160 9,110    
Extra and Other Cost INR mil -120 -650 -10.0 0 0    
Pre-Tax Profit INR mil 6,660 7,800 8,410 8,070 8,540    
Tax INR mil 2,160 2,590 2,830 2,770 2,980    
Net Profit INR mil 4,500 5,210 5,580 5,300 5,560    
growth rates              
Net Interest Income Growth % ... 9.75 18.2 13.7 18.2    
Total Revenue Growth % ... 9.75 20.9 12.2 17.4    
Operating Cost Growth % ... 16.2 25.7 15.3 8.29    
Operating Profit Growth % ... 16.2 78.7 9.97 24.0    
Pre-Tax Profit Growth % ... 17.1 7.82 -4.04 5.82    
Net Profit Growth % ... 15.8 7.10 -5.02 4.91    
market share              
Market Share in Revenues % 0.704 0.676 0.726 0.734 0.721   ...
Market Share in Net Profit % 0.760 0.966 1.02 1.29 ... ... ...
balance sheet Unit 2012 2013 2014 2015 2016 2017 2018
balance sheet              
Cash INR mil ... ... 9,101 6,857 6,709    
Interbank Loans INR mil ... ... 1,187 746 270    
Customer Loans INR mil 158,280 146,680 167,170 195,750 231,320    
Debt Securities INR mil ... ... 834 872 832    
Total Assets INR mil ... ... 186,563 220,731 262,967    
Shareholders' Equity INR mil ... ... 40,870 45,050 50,250    
Liabilities INR mil ... ... 145,693 175,681 212,717    
Interbank Borrowing INR mil 73,560 64,960 ... ... ... ... ...
Customer Deposits INR mil 42,640 47,750 124,020 144,080 170,420    
Retail Deposits INR mil 30,800 34,380 ... ... ... ... ...
Corporate Deposits INR mil 11,840 13,370 ... ... ... ... ...
Issued Debt Securities INR mil 11,080 7,860 ... ... ... ... ...
asset quality              
Non-Performing Loans INR mil 2,940 3,400 4,910 9,800 15,370    
Gross Loans INR mil 160,150 149,320 171,020 202,580 242,590    
Total Provisions INR mil 1,870 2,640 3,850 6,830 11,270    
growth rates              
Customer Loan Growth % ... -7.33 14.0 17.1 18.2    
Total Asset Growth % ... ... ... 18.3 19.1    
Shareholders' Equity Growth % ... ... ... 10.2 11.5    
Customer Deposit Growth % ... 12.0 160 16.2 18.3    
Retail Deposit Growth % ... 11.6 ... ... ... ... ...
Corporate Deposit Growth % ... 12.9 ... ... ... ... ...
market share              
Market Share in Customer Loans % 0.287 0.228 0.236 0.246 0.280   ...
Market Share in Total Assets % ... ... 0.167 0.175 0.185   ...
Market Share in Customer Deposits % 0.068 0.066 0.152 0.158 0.160   ...
Market Share in Retail Deposits % 0.100 ... ... ... ... ... ...
ratios Unit 2012 2013 2014 2015 2016 2017 2018
ratios              
ROE % ... ... 13.7 12.3 11.7    
ROA % ... ... 2.99 2.60 2.30    
Costs (As % Of Assets) % ... ... 4.88 5.15 4.70    
Costs (As % Of Income) % 37.5 39.7 41.3 42.4 39.2    
Capital Adequacy Ratio % 18.6 26.1 28.8 26.1 23.9    
Tier 1 Ratio % 14.6 20.2 24.6 23.4 22.2    
Net Interest Margin % ... ... 11.6 12.0 12.0    
Interest Spread % ... ... ... 10.2 10.4    
Asset Yield % ... ... 18.7 18.8 18.3    
Cost Of Liabilities % ... ... ... 8.61 7.90    
Interest Income (As % Of Revenues) % 100 100 97.8 99.2 99.9    
Other Income (As % Of Revenues) % 0 0 2.22 0.850 0.103    
Staff Cost (As % Of Total Cost) % 36.0 37.4 45.3 48.9 48.4    
Equity (As % Of Assets) % ... ... 21.9 20.4 19.1    
Loans (As % Of Deposits) % 371 307 135 136 136    
Loans (As % Assets) % ... ... 89.6 88.7 88.0    
NPLs (As % Of Loans) % 1.84 2.28 2.87 4.84 6.34    
Provisions (As % Of NPLs) % 63.6 77.6 78.4 69.7 73.3    
Provisions (As % Of Loans) % 1.18 1.80 2.30 3.49 4.87    
Cost of Provisions (As % Of Loans) % 2.43 2.52 2.89 3.39 4.27    

Get all company financials in excel:

Download Sample   $19.99

Shriram City's customer loan growth fell 62.3% to 7.25% in 2018

By Helgi Analytics - October 15, 2019

Shriram City Union Finance's customer loan growth reached 7.25% in 2018, down from 19.2% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 19.2% in 2017 and an all time low of 7.25% in 2018. In the last decad...

More News

Shriram City Union Finance Logo

Finance

Shriram City Union Finance has been growing its revenues and asset by 15.4% and 12.5% a year on average in the last 3 years. Its loans and deposits have grown by 14.8% and 16.1% a year during that time and loans to deposits ratio reached 131% at the end of 2018. The company achieved an average return on equity of 13.9% in the last three years with net profit growing 23.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 39.5% in 2018, compared to 39.4% average in the last three years.

Equity represented 20.3% of total assets or 21.6% of loans at the end of 2018. Shriram City Union Finance's non-performing loans were 9.13% of total loans while provisions covered some 74.7% of NPLs at the end of 2018.