Fedbank Financial Services Limited
Fedfina is a non-deposit accepting, systemically important non-banking finance company (NBFC-ND-SI). The company was incorporated in the state of Kerala in April 1995 and commenced operations in August 2010 after receiving the NBFC license from RBI. ...
Key Metrics
EPS
6.62
Current ratio
0.32
Debt/Equity
3.92
Debt/EBITDA
24.26
Interest coverage ratio
-
Operating Cashflow to total debt
-0.09
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Improving scale of operations
Improving profitability metrics
Strategic importance to, and strong expectation of support from, the parent
Comfortable capitalization
Liquidity: Strong
Cons
Moderate, albeit growing, scale of operations
Limited portfolio seasoning
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About Fedbank Financial Services Limited bond.
This comprehensive profile covers key factual information about FEDBANK FINANCIAL SERVICES LIMITED. Fedfina is a non-deposit accepting, systemically important non-banking finance company (NBFC-ND-SI). The company was incorporated in the state of Kerala in April 1995 and commenced operations in August 2010 after receiving the NBFC license from RBI. It is primarily engaged in the lending business with a diversified portfolio consisting of gold loans, loan against property, home loans and business loans. Fedfina is a retail-focused NBFC promoted by Federal Bank Limited (Federal Bank). Federal Bank, a commercial bank with significant presence in the private sector holds 61.6% stake in Fedfina along with True North Fund, a renowned PE firm based in Mumbai, that holds the other 8.7% stake through its fund (True North Fund VI LLP) as on June 30, 2024. The company has 619 branches in 18 states and AUM of Rs 13188 crore as on June 30, 2024. Profit after tax (PAT) increased to Rs 244 crore in fiscal 2024 from Rs 180 crore in fiscal 2023. The company reported a PAT of Rs 70 crore for quarter ended June 30, 2024 and Rs 54 crore from same period of FY23. Return on managed assets (RoMA) remained stable at 2.1% in fiscal 2024 and 2023., driven by better lower credit cost of 0.6%. Annualised RoMA for the quarter ended June 30, 2024, was 2.0%, on the back of higher credit cost of 1.0%, it was 0.6% in fiscal 2024. Since the change in management in October, 2021 the Company has taken significant efforts to expand its portfolio in India and overseas EPS in Mar-2024 was 6.62. Current ratio in Mar-2024 was 0.32. Debt/Equity in Mar-2024 was 3.92. Debt/EBITDA in Mar-2024 was 24.26. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.09. Total revenue for Mar-2025(E) was ₹1980.85. Net income for Mar-2025(E) stood at ₹852.37. Total assets as of Mar-2024 were ₹11137.84. Operating cash flow for Mar-2024 was ₹-775.52. The company’s borrowing relationships include Axis Bank Limited (₹N/A Cr), Bajaj Finance (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of India (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), Canara Bank (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank (₹N/A Cr), IDBI Bank (₹N/A Cr), Indian Bank (₹N/A Cr), Jammu and Kashmir Bank (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karur Vysya Bank (₹N/A Cr), SIDBI (₹N/A Cr), South Indian Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Central Bank of India (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Bajaj Finance (₹N/A Cr), DCB Bank (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bajaj Finance (₹N/A Cr), DCB Bank (₹N/A Cr), Federal Bank (₹N/A Cr), ICICI Bank (₹N/A Cr), IDBI Bank (₹N/A Cr), CSB Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of FEDBANK FINANCIAL SERVICES LIMITED, Aditya Birla Capital Limited, Motilal Oswal Financial Services Limited, Cholamandalam Financial Holdings Limited. As of Dec 2024, promoters hold 61.04% while others hold N/A% of equity. Key strengths include: Improving scale of operations; Improving profitability metrics; Strategic importance to, and strong expectation of support from, the parent; Comfortable capitalization; Liquidity: Strong. Key risks include: Moderate, albeit growing, scale of operations; Limited portfolio seasoning. Leadership team details include C V Ganesh (Chief Financial Officer), Gauri Rushabh Shah (Independent Director), Harsh Dugar (Non Executive & Nominee Director), KVS Manian (Non Executive & Nominee Director), Maninder Singh Juneja (Non Executive & Nominee Director), Mona Bhide (Additional Director), Muralidharan Rajamani (Additional Director), Parvez Mulla (Managing Director & CEO), Rajaraman Sundaresan (Company Secretary & Compliance Officer), Ramesh Sundararajan (Independent Director), Shyam Srinivasan (Chairman & Non-Executive Director), Sonal Dave (Independent Director), Sunil Satyapal Gulati (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.