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SBFC - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.5

Stock Code SBFC Market Cap 9,317 Cr. Current Price 85.0 ₹ High / Low 123 ₹
Stock P/E 22.0 Book Value 31.3 ₹ Dividend Yield 0.00 % ROCE 11.6 %
ROE 11.6 % Face Value 10.0 ₹ DMA 50 102 ₹ DMA 200 103 ₹
Chg in FII Hold -0.13 % Chg in DII Hold 1.32 % PAT Qtr 118 Cr. PAT Prev Qtr 109 Cr.
RSI 25.8 MACD -4.58 Volume 10,91,783 Avg Vol 1Wk 1,24,06,087
Low price 79.2 ₹ High price 123 ₹ PEG Ratio 0.29 Debt to equity 1.80
52w Index 13.1 % Qtr Profit Var 34.0 % EPS 3.87 ₹ Industry PE 18.9

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT at ₹118 Cr, up from ₹109 Cr, showing steady growth. EPS at ₹3.87 indicates modest earnings power.
  • Margins: ROE at 11.6% and ROCE at 11.6% reflect average efficiency and profitability.
  • Debt Ratios: Debt-to-equity at 1.80 is high, typical for NBFCs, but requires close monitoring.
  • Cash Flows: Profit growth supports operating cash flows, though leverage adds risk.

💹 Valuation Indicators

  • P/E Ratio: 22.0, slightly above industry average of 18.9, suggesting moderate premium valuation.
  • P/B Ratio: Current price ₹85 vs. book value ₹31.3 → ~2.7x, moderately expensive relative to assets.
  • PEG Ratio: 0.29, attractive, showing strong growth potential relative to valuation.
  • Intrinsic Value: Appears fairly valued with limited margin of safety at current levels.

🏢 Business Model & Competitive Advantage

  • SBFC Finance operates as a non-banking financial company (NBFC), focusing on secured loans, SME financing, and retail lending.
  • Competitive advantage lies in niche lending segments, growing customer base, and strong domestic institutional support.
  • Business model benefits from rising credit demand, though high leverage and sector risks remain.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹80 – ₹85, near 52-week low and below DMA50.
  • Long-Term Holding: Suitable for investors seeking exposure to NBFC growth, though high debt levels and modest efficiency ratios require caution. Best to accumulate gradually.

✅ Positive

  • Quarterly PAT growth from ₹109 Cr to ₹118 Cr.
  • DII holding increased (+1.32%), showing strong domestic institutional confidence.
  • PEG ratio of 0.29 highlights growth potential.

⚠️ Limitation

  • High debt-to-equity ratio (1.80) increases financial risk.
  • ROE and ROCE at 11.6% are average compared to peers.
  • No dividend yield, reducing investor appeal.

📉 Company Negative News

  • FII holding decreased (-0.13%), showing reduced foreign investor confidence.
  • Stock trading below DMA50 and DMA200 indicates weak momentum.

📈 Company Positive News

  • Quarterly profit variation of 34% highlights strong growth momentum.
  • DII holding increased significantly (+1.32%).
  • Stock has maintained resilience above 52-week low of ₹79.2.

🏭 Industry

  • NBFC sector trades at industry PE of 18.9, lower than SBFC’s 22.0, showing slight premium valuation.
  • Sector growth supported by rising credit demand and SME financing opportunities.

🔎 Conclusion

  • SBFC Finance shows steady profit growth and strong domestic institutional support but suffers from high leverage and average efficiency ratios.
  • Valuation is slightly stretched compared to industry, though PEG ratio suggests growth potential.
  • Best suited for long-term investors with entry around ₹80 – ₹85 offering a reasonable margin of safety.

I can also prepare a comparative HTML snapshot of SBFC versus other NBFCs like Muthoot Finance or Manappuram Finance to highlight valuation and profitability differences in the lending sector.

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