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Utkarsh Coreinvest Ltd. (erstwhile Utkarsh Micro Finance Ltd) is the promoting institution for 'Utkarsh Small Finance Bank'. Utkarsh Micro Finance Limited has started its operations way back in September 2009 to provide Financial and Non-financial services in its area of operations to the unbanked population who have the skill but are in need of capital.
| P&L Statement | 2021 | 2022 | 2023 |
|---|---|---|---|
| Interest Earned | 1670 | 1961 | 2723 |
| Other Income | 111 | 134 | 215 |
| Interest Expended | 762 | 799 | 1025 |
| Operating Expenses | 650 | 760 | 956 |
| Provisions and contingencies | 333 | 454 | 226 |
| PAT | 25 | 62 | 554 |
| eps | 2.56 | 6.31 | 56.3 |
| Gross NPA | 3.75 | 6.1 | 3.23 |
| Net NPA | 1.33 | 2.31 | 0.39 |
| Financial Ratios | 2021 | 2022 | 2023 |
|---|---|---|---|
| Advances | 7926 | 9943 | 13549 |
| Book Value | 137.25 | 157.1 | 389.57 |
| P / B | 1.82 | 1.59 | 0.64 |
| ROE (%) | 1.87 | 4.01 | 14.45 |
| Assets | 2021 | 2022 | 2023 |
|---|---|---|---|
| Fixed Assets | 278 | 443 | 516 |
| Cash and Balance | 1170 | 1872 | 2516 |
| Investments | 2370 | 2328 | 2796 |
| Advances | 7926 | 9943 | 13549 |
| Other Assets | 305 | 346 | 2095 |
| Total Assets | 12049 | 14932 | 21472 |
| Liabilities | 2021 | 2022 | 2023 |
|---|---|---|---|
| Share Capital | 97.6 | 98.3 | 98.4 |
| FV | 10 | 10 | 10 |
| Reserves | 1242 | 1446 | 3735 |
| Borrowings | 2228 | 2199 | 2726 |
| Trade Payables | 7741 | 10392 | 14054 |
| Other Liabilities | 740.4 | 796.7 | 858.6 |
| Total Liabilities | 12049 | 14932 | 21472 |
| Cash-Flow Statement | 2021 | 2022 | 2023 |
|---|---|---|---|
| PBT (%) | 36 | 81 | 731 |
| OPBWC | 1145 | 702 | 1133 |
| Term Deposit | 0 | 0 | 0 |
| Change in Investment | 0 | 0 | 0 |
| Change in Advances | -1797 | -2473 | -3830 |
| Change in Deposit | 2262 | 2561 | 3661 |
| Other Changes | 15 | -11 | 72 |
| Working Capital Change | 480 | 77 | -97 |
| Cash Generated From Operations | 1625 | 779 | 1036 |
| Tax | 95 | 55 | 84 |
| Cash Flow From Operations | 1530 | 724 | 952 |
| Purchase of PPE | -63 | -131 | -59 |
| Sale of PPE | -4013 | 0.5 | 0.4 |
| Purchase of Investment | 0 | -1855 | -2978.6 |
| Sale of investments | 2888 | 1854 | 2461 |
| Others | 348 | 294.5 | 132.2 |
| Cash flow from Investme | -840 | 163 | -444 |
| Proceeds from Borrowing | 385 | 850 | 550 |
| Repayment of Borrowing | -956 | -838 | 0 |
| Dividend | 0 | 0 | 0 |
| Proceeds from Equity | 5.5 | 4.2 | 1 |
| Others From Financing | -569.5 | -203 | -415 |
| Cash Flow from Financing | -1135 | -186.8 | 136 |
| Net Cash Generated | -445 | 700.2 | 644 |
| Cash at the Start | 1612 | 1167 | 1868 |
| Cash at the End | 1167 | 1867.2 | 2512 |
| Shareholding Pattern | 2021 | 2022 | 2023 |
|---|---|---|---|
| NMI Frontier Fund KS, Norway | - | - | 7.83% |
| British International Investment PLC | - | - | 13.95% |
| Faering Capital India Evolving FUND II | - | - | 7.78% |
| RBLBank Limited | - | - | 9.86% |
| Others | - | - | 60.58% |
