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Smile Microfinance Unlisted Share Price

Smile Microfinance Limited Fundamentals

Company Name
Smile Microfinance Limited
Scrip Name
Smile Microfinance
Last Traded Price
54.00
+ 3.85 %
Sector
Financial Service
PAN No.
AAFCS5614J
Face Value
10
No. of Outstanding Shares
17,339,639
EPS
-3.314
PE ratio
-
Market Capitalization
93.63 Crore
Book value
63.088
P/BV
0.8559
ISIN No.
INE786V01012
Available on
nsdlcdsl
ROFR Require
No
Day High
54.00
Day Low
54.00
52 Week High
54.00
52 Week Low
54.00
Lifetime High
89.00
Lifetime Low
52.00

Smile Microfinance Price Performance

SMILE Microfinance Limited Unlisted Share - Company Overview

Smile Microfinance Limited is a Non-Banking Financial Company (NBFC) registered under the Reserve Bank of India. Smile Microfinance is mainly engaged in providing financing services to women from poor segments of Tamil Nadu. The company’s vision is not just to act as a financing company, but to help the needy.

Smile Microfinance Limited provides micro/small loans to poor women of Tamil Nadu for the purpose of small businesses or other revenue-generating activities. The company also provides loans for personal consumption. The company is mainly targeting the segment which is ignored by traditional banks or financial institutions.

The best part of the company is its business model. They have adopted a joint liability group model for providing unsecured loans. This model ensures credit discipline through weekly/monthly/fortnightly meetings, mutual support, and peer pressure. In this model, if an individual fails to make payments on time, then the group might make the payment on the behalf of defaulting member of the group will use peer pressure to ensure the loan payment.

Smile Microfinance was the first urban Micro Finance Institution to be established in Chennai in 2005. For expansion, the company brings funds by debt and equity. They also have a specialized microfinance fund based in the USA for their funding. Developing World markets has infused Rs. 50 Crores in the company through the fund.

As of 31st March 2020, the company is operating in 7 States across India with a network of 137 branches.

CARE Ratings has assigned BBB- rating to Smile Microfinance Limited for its long-term bank facilities of Rs. 250 Crore.

SMILE Microfinance Incorporation Details

CIN of SMILE Microfinance 

U67190TN1995PLC030604

Registration Date of SMILE Microfinance

21 March 1995

Category / Sub-Category of SMILE Microfinance

Company limited by shares

SMILE Microfinance Registered office address

14/25, Chakrapani Street, West Mambalam,

Chennai - 600033

SMILE Microfinance Registrar and Transfer Agent address

Cameo Corporate Services Listing

Subramanian Building,

No. 1, Club House Road,

Near Spencers Signal on Anna Salai

Chennai, Tamil Nadu – 600 002

SMILE Microfinance Limited Principal Business Activities

Name and Description of main products/services

% to the total turnover of the Company

Financial Services - Lending

100%

SMILE Microfinance Limited Board of Directors

Mr. Murali Srinivas P (MD & CEO)

Mrs. IndraniBhagwan Singh (Non-Executive Director)

Mr. J. Bradley Swanson (Non-Executive Director)

Mr. Aleem Remtula (Non-Executive Director)

Mr. Suresh K Krishna (Independent Director)

Mr. Rajan Samuel (Independent Director)

Mr. V S Padmanaban (Non-Executive Director)

SMILE Microfinance Limited Shareholding Pattern (As of 31-03-2020)

S. No.

Shareholders’ Name

No. of Shares

% of total Shares of the company

2

Promoters Shareholding

32,19,997

18.57%

3

Public Shareholding

1,41,19,642

81.43%

 

Total

1,73,39,639

100

Industry Outlook

The last two decades have seen the microfinance industry grow by leaps and bounds around the world and India is no exception. The number of non-banking finance companies providing microcredit products has gone up significantly. Microfinance is now recognized as being the vehicle to achieve India’s financial inclusion goals.

With technology penetrating the industry, the microfinance industries are expanding their services in innovative ways. The microfinance Industry has a huge potential in India. At the pan India level, micro-credit reached not more than 20% of total deserving households through a variety of channels including Banks, small finance banks, and microfinance institutes.

The threat of industry includes a high level of competition. As Small finance banks mainly focusing on this segment, and nowadays commercial banks are also showing active interest in the microcredit industry, the competition has become very intense.

The Outbreak of the COVID 19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID 19 is still uncertain, it will affect the plans of this industry for FY 2021.

However, according to ICRA, a rating agency, the microfinance industry is likely to face asset quality pressure in the short term. However, the majority of the microfinance industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.

 

Annual Report

Smile Microfinance Annual Report 2019-20

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Smile Microfinance Annual Report 2021-22

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Smile Microfinance Annual Report 2021-2023

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Smile Microfinance Annual Report 2020-21

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