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First Leasing Company of India Ltd Stock Analysis

Small Cap
Evaluated by 222 users | BSE: 500145 | NSE: FIRSTLEASE |
Finance - NBFC
First Leasing Company of India was incorporated as the first leasing company of the country on September 10, 1973. Farouk Irani promoted the company. It introduced leasing in India during September 1973, 34 years back and additionally commenced hire-purchase-transaction in 1986 and diversified...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
 Mar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Operating Income (Rs. Cr.)110104109129157184188177210235
Y-o-Y Gr. Rt.--6.1%4.9%18.5%22.1%16.7%2.2%-5.8%18.7%11.7%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
9.4710.5811.8911.1313.5814.7215.331.0913.8715.24
Y-o-Y Gr. Rt.-11.7%12.4%-6.4%22%8.4%3.9%103.2%-55.4%9.9%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
67.1775.2284.5569.3580.3292.83106.01134.78146.56159.69
Y-o-Y Gr. Rt.-12%12.4%-18%15.8%15.6%14.2%27.1%8.7%9%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1: Not Good
Net Profit/Total Funds (%)3.23.313.322.792.922.72.54.611.861.88
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
First Leasing Company of India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income8.7%8.3%7.7%11.7%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
5.4%2.3%-0.1%9.9%
Book Value per Share
10.1%14.7%14.6%9%
Share Price - - - -
Key Financial Ratios
RATIOS \ YEARSMar'04Mar'05Mar'06Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13
Asset Quality Ratio
To view Asset Quality Ratio Colour Rating Guide click here
Asset Quality Ratio: Colour Rating Guide
  • <0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1 : Not Good
Net NPA to Net Advances (%)0000000000
Capitalization Ratio
To view Capitalization Ratio Colour Rating Guide click here
Capitalization Ratio: Colour Rating Guide
  • >17% : Very Good
  • 15%-17% : Somewhat Good
  • <15% : Not Good
Capital Adequacy Ratio (%)0000000000
Margins
Net Profit Margin (%) 19.5423.2424.9119.6619.6618.2618.5840.0715.0614.8
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 15.0914.8514.8914.4618.151715.3925.839.869.95
Entity Percentage Holding
Promoters 24.55%
Institutions 0.07%
Non-Institutions 75.37%
Pledged *6.882.060.000.000.005.014.280.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

First Leasing Company of India was incorporated as the first leasing company of the country on September 10, 1973. Farouk Irani promoted the company. It introduced leasing in India during September 1973, 34 years back and additionally commenced hire-purchase-transaction in 1986 and diversified into consumer finance during 1988.

The total revenues of First Leasing grew to Rs 30.95 crore during the fiscal year ended on 31st March, 2008. First Leasing financial assets are focused on quality

First Leasing Company of India was incorporated as the first leasing company of the country on September 10, 1973. Farouk Irani promoted the company. It introduced leasing in India during September 1973, 34 years back and additionally commenced hire-purchase-transaction in 1986 and diversified into consumer finance during 1988.

The total revenues of First Leasing grew to Rs 30.95 crore during the fiscal year ended on 31st March, 2008. First Leasing financial assets are focused on quality not quantity. Approximately 80% of the rentals contracted are with counter parties representing Sovereign Risks, World Class Corporate and other large domestic companies whose payment track record over the last 15 years is unassailable. The British government through the instrumentality of Commonwealth Development Corporation (CDC) took equity in the equivalent of £2.5 million. First Leasing was appointed as financial consultants to the financial wing of the Indian Railways, namely, Indian Railway Finance Corporation (IRFC). First Leasing recently completed an Rs 75 crore lease agreement with IRFC. First Leasing’s operations are primarily focused on corporate financing.

The foregoing indicates that First Leasing has met the needs of these highly service-conscious, cost-conscious and demanding multinationals and retained business relations with them over long periods of time.

Product offered by the company:

•    Short-term lease
•    Long-term lease
•    Sale and lease back
•    Hire-purchase
•    Operating lease
•    Inter corporate deposit
•    Fixed deposit
•    Consumer credit

Clientele:

•    CitiBank
•    Johnson & Johnson
•    Volvo
•    Seimens Public Communications
•    ABB
•    ANZGrindlays
•    IDBI Bank
•    TELCO
•    Knoll Pharmaceuticals
•    Bayer

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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