KLM Axiva Finvest Limited is a non-deposit-taking systemically important non-banking financial company (NBFC) established in 1997. It primarily serves low- and middle-income individuals and businesses, focusing on various lending products, including gold loans, microfinance, and MSME loans. KLM Axiva recently launched a public issue of secured non-convertible debentures (NCDs) from November 14 to November 28, 2024. This issue aims to raise ₹100 crores and offers various tenors ranging from 400 days to five years234. The NCDs are backed by tangible assets and are rated BBB/Stable by Acuite Ratings and India Ratings, making them an attractive option for investors seeking secured returns
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Interest Earned | 124 | 179 | 275 | 306 |
| Other Income | 3 | 6 | 3 | 10 |
| Interest Expended | 73 | 104 | 143 | 155 |
| Operating Expenses | 44 | 63 | 110 | 130 |
| Provisions and contingencies | -1 | 0.6 | 1 | 0.4 |
| PAT | 7 | 11 | 18 | 23 |
| eps | 1.03 | 0.96 | 0.96 | 1.12 |
| Gross NPA | 6.56 | 0 | 0 | 1.6 |
| Net NPA | 4.77 | 2.64 | 0.78 | 0.67 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Advances | 733 | 1058 | 1445 | 1705 |
| Book Value | 14.27 | 13.66 | 13.64 | 13.26 |
| P / B | 1.26 | 1.32 | 1.32 | 1.36 |
| ROE (%) | 7.22 | 7.02 | 7.07 | 8.44 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 33 | 53 | 115 | 124 |
| Cash and Balance | 34 | 324 | 112 | 68 |
| Investments | 0 | 0 | 0 | 0 |
| Advances | 733 | 1058 | 1445 | 1705 |
| Other Assets | 24 | 37 | 47 | 63 |
| Total Assets | 824 | 1472 | 1719 | 1960 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 67.9 | 114.8 | 186.72 | 205.4 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 29 | 42 | 68 | 67 |
| Borrowings | 264 | 728 | 886 | 834 |
| Trade Payables | 0 | 0 | 0 | 0 |
| Other Liabilities | 463.1 | 587.2 | 578.28 | 853.6 |
| Total Liabilities | 824 | 1472 | 1719 | 1960 |
| Cash-Flow Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| PBT (%) | 11 | 17 | 25 | 30 |
| OPBWC | 87 | 128 | 180 | 194 |
| Term Deposit | 0 | 0 | 0 | 0 |
| Change in Investment | 0 | 0 | 0 | 0 |
| Change in Advances | -234 | -326 | -387 | -261 |
| Change in Deposit | 0 | 0 | 0 | 0 |
| Other Changes | 14 | 6 | 18 | -2 |
| Working Capital Change | -220 | -320 | -369 | -263 |
| Cash Generated From Operations | -133 | -192 | -189 | -69 |
| Tax | 6 | 6 | 12 | 2 |
| Cash Flow From Operations | -139 | -198 | -201 | -71 |
| Purchase of PPE | -7 | -33 | -75 | -29 |
| Sale of PPE | 0 | 0 | 0 | 0 |
| Purchase of Investment | 0 | 2 | 0 | 0 |
| Sale of investments | 0 | 0 | 0 | 0 |
| Others | 1 | -6 | -11 | -13 |
| Cash flow from Investme | -6 | -37 | -86 | -42 |
| Proceeds from Borrowing | 200 | 572 | 159 | 351 |
| Repayment of Borrowing | 0 | 0 | 0 | -134 |
| Dividend | -5 | -5 | 0 | -5 |
| Proceeds from Equity | 15 | 47 | 72 | 18.6 |
| Others From Financing | -70 | -93 | -167 | -174.6 |
| Cash Flow from Financing | 140 | 521 | 64 | 56 |
| Net Cash Generated | -5 | 286 | -223 | -57 |
| Cash at the Start | 36 | 31 | 317 | 94 |
| Cash at the End | 31 | 317 | 94 | 37 |
| Shareholding Pattern | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Shibu T Varghese | 11.54% | 11.44% | 17.03% | 17.03% |
| Aleyamma Varghese | 8.60% | 8.70% | 5.62% | 5.62% |
| Biji Shibu | 7.25% | 7.62% | 11.89% | 11.66% |
| Elen Elu Shibu | 3.92% | 5.28% | 4.75% | 4.75% |
| Others | 68.69% | 66.96% | 60.71% | 60.94% |
