CARE

High-frequency trading was seen in Solara Active Pharma Sciences, TruCap Finance, and Gujarat State Petronet on April 22. Solara Active Pharma Sciences touched a 52-week high on April 22. High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds. These firms typically try to capture the spread between the spot and futures prices, but recently they have been active in small, illiquid stocks as well. The volumes generated by them, more often than not, attracts retail investors to these stocks

HFT Scan: Solara Active Pharma Sciences and TruCap Finance in focus

Trucap Finance has crossed a milestone of Rs 1,000+ crore AUM in Q4 FY2024.
This achievement has been driven by multi-fold factors including its expanding network of 122 branches which provides wide geographical coverage, focused around MSME hubs. The company has been investing in on-ground outreach initiatives, improving customer service, as well as expanding opportunities with its Lending-as-a-Service or L-A-A-S partners.

Trucap Finance achieves AUM of Rs 1000+ cr

Net Sales at Rs 57.56 crore in September 2024 up 35.47% from Rs. 42.49 crore in September 2023.
Quarterly Net Profit at Rs. 1.21 crore in September 2024 down 20.34% from Rs. 1.51 crore in September 2023.
EBITDA stands at Rs. 31.91 crore in September 2024 up 41.07% from Rs. 22.62 crore in September 2023.
TruCap Finance EPS has decreased to Rs. 0.10 in September 2024 from Rs. 0.13 in September 2023. TruCap Finance shares closed at 23.30 on November 04, 2024 (NSE) and has given -64.64% returns over the last 6 months and -67.64% over the last 12 months.

TruCap Finance Standalone September 2024 Net Sales at Rs 57.56 crore, up 35.47% Y-o-Y

TFL is exposed to stiff competition from other NBFCs and banks. The lending industry focused on SMEs and small ticket loans is highly fragmented with unorganised lenders also vying for the same set of borrowers. However, TFL’s professional management and focused approach towards SME lending and conservative underwriting policy standards is expected to grow its business while mitigating the risks. 


TFL’s net interest margin (NIM) have been impacted in FY24 with NIM declining to 7.29% as compared to 11.96% in FY23 on account of lower interest spread due to higher disbursements in Q4FY24 leading to lower realisation coupled with high cost-income ratio which has increased to 105.32% in FY24. Cost- Income ratio has increased as TFL has expanded its branch base to 128 in FY24 from 78 in FY23, increased employee count to 772 in FY24 from 474 in FY23 coupled with high interest expenses. Going forward, TFL’s ability to improve profitability by bringing down the overall cost to income ratio will remain a key rating monitorable.


The issuer has made timely interest payment.

Mr. Rakesh Sethi, Chairperson & Independent Director

Mr. Rohanjeet Singh Juneja, Managing Director & CEO

The company has experienced board members and management with rich experience in the finance industry. The board also comprises Rohanjeet Juneja, Managing Director & CEO, having 17+ years of experience in India and USA.

The funding profile comprises term loans from a diverse range of NBFCs & banks as well as Non-Convertible Debentures (NCDs) as of March 2024 and further the TFL also has comfortable sanctions in the pipeline in the projected period which is expected to support its growth. Going forward, TFL capacity to raise funds in a timely manner to support its liquidity profile and projected growth plans with the focus on reducing cost of capital will be a key credit monitorable.

TFL’s capitalisation levels continue to remain comfortable despite capital adequacy ratio (CAR) decreasing to 24.47% in FY24 which is well above the minimum regulatory requirement. As on 31st March 2024, TFL’s book tangible net worth stood at Rs. 204.54 crore which is expected to improve during FY25 due to expected equity infusion of Rs. 125 crore.

Security Name: 13.00% TruCap Finance Limited 07 May 2027

ISIN:

INE615R07109

YOUR EARNING

Your Investment

Final Payout

₹0

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)

YOUR RISK

BBB / Positive

CARE

Senior

Secured

ISSUER

TruCap Finance Limited

Recent News

HFT Scan: Solara Active Pharma Sciences and TruCap Finance in focus

Trucap Finance achieves AUM of Rs 1000+ cr

TruCap Finance Standalone September 2024 Net Sales at Rs 57.56 crore, up 35.47% Y-o-Y

Related Videos

Bond Market Strategies

Credit Rating

STEPS TO BUY THIS BOND

Information required for KYC

PAN Card

Bank Account Proof

Aadhaar Card

Demat Account Proof

How to exit the investment?

To know more about the Bond and the issuer, download the Information Memorandum.

To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.

₹NaN

Clean Price

%

Yield (YTM)

Principal Amount

Accrued Interest from

Face Value

Market Value

Stamp Duty

Total Investment

as on Invalid date

as on Dec 05, 2024

Still looking for assistance?