Srg Housing Finance Ltd. · NSE:SRGHFL
Srg Housing Finance — Q2 FY25 Earnings Presentation
26 slides from Srg Housing Finance's earnings presentation, Oct 29, 2024
Slide 1: Cover letter to stock exchanges
Date: Oct 29, 2024 To, National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C-1, Block G, 1st Floor, P.J. Towers, Bandra Kurla Complex, Dalal Street, Mumbai-400051 Mumbai-400001 Scrip Symbol- SRGHFL Scrip Code – 534680 Respected Sir/Madam, Subject: Investor Presentation- Q2FY25 Pursuant
Slide 2: SRG Housing Finance Limited Investor Presentation Q2 & H1 FY25
SRG HOUSING FINANCE LIMITED INVESTOR PRESENTATION Q2 & H1 FY25
Slide 3: Who We Are
WHO WE ARE Expert in Rural Housing Finance, Solving the problem of Housing Loans for New-to-Credit, Underserved & Unorganized population while simplifying access to finance for all Best in class NIMs 2.77% in Q2FY25 Focused on small ticket loans (ATL: less than Rs 8 lacs) and low LTV (less than 50%)
Slide 4: Our Journey
Incorporated as Vitalise Finlease Pvt Ltd & 1999 subsequently changed the name to SRG Housing 2018 Rating BBB in March 2018 by Brickwork Finance Pvt Ltd. 1st company in Rajasthan to receive NHB Launched business process reengineering 2002 license. Converted into public company 2019 project, “SRG SRA
Slide 5: Experienced Board
Mr. Vinod Kumar Jain Managing Director (Promoter) 25 Years + Experience Mr. Suresh K Porwal Non-Executive, Independent Director 35 Years + Experience Mrs. Seema Jain Non-Executive, Non-Independent Director 21 Years + Experience Mr. Nishant Badala Non-Executive, EXPERIENCED Independent Director 9 Yea
Slide 6: Strong Management
Mr. Harshil Mehta Business Strategy Advisor Mr. Ashok Modi Prior Associated with Aadhar Housing (MD & CEO), Chief Financial Officer ICICI Bank in multiple roles, Transamerica Prior doing practicing as CA STRONG Commercial Finance & Whirlpool 27 Years + Experience 28 Years + Experience MANAGEMENT Mr.
Slide 7: Why Borrowers Prefer SRG
Quick sanction and disbursement process (TAT of 15 days) WHY BORROWER PREFER SRG Prompt response and quick solutions for financial assistance In-depth rural penetration & localized approach Simple documentation process Preferred partner to help fulfil dream in affordable housing INVESTOR PRESENTATIO
Slide 8: Addressable Target Market
The Problem Definition & Need Gap Unorganized sector, New to Credit, ADDRESSABLE Underserved Population, Low Banking Habits TARGET MARKET The Solution – SRG Housing Finance Tailor made products to serve different profiles, deeper market penetration, leveraging technology for quick processing, Assess
Slide 9: Deeper Credit Adoption in Un-organised Sector in India
DEEPER CREDIT ADOPTION IN UN-ORGANISED SECTOR IN INDIA Location based Unique Collateral & Credit Policy Collection Screening Robust Collection Infrastructure Monitoring Continuous Portfolio Monitoring Disbursal Minimal Documentation & Fast Processing New to Credit, Credit Score Low, Informal Income,
Slide 10: SRG Unique Positioning in Market
Deeper Penetration In Rural Village Areas through wider Geo Limits of 50 Km from Hub and 35 Km from Spoke Branches New to Credit Justified Credit Bureau Calls based on Merits of Profile SRG UNIQUE Unique risk management POSITIONING IN MARKET Based on Population, Segmentation, Product Mix Consumer Ta
Slide 11: Customer Profile
CUSTOMER PROFILE Milkman Labourer Repair Shop owner Trader/Whole seller Saree Shop owner Tea Stall owner Teacher Entrepreneur Shopkeeper Vegetable vendor Barber INVESTOR PRESENTATION 10
Slide 12: Product Offerings Key Features
PRODUCT KEY FEATURES OFFERINGS Application Real Time Status Process and Approval Products Type of Loan 100% Online Login Real time ▪ Home Loans ▪ Secured by RM Status ▪ Loan Against Property 15 Min Application Quick Approval Ticket Size Tenure Time to Complete (<3 days approvals) ▪ Minimum INR 1 Lac
Slide 13: Key Highlights for Q2FY25
₹651cr. 10.83% AUM as on Spread earned in 30th September 2024 Q2FY25 ₹63cr. ₹141.58 KEY HIGHLIGHTS Disbursement during the Book Value per share as on FOR Q2FY25 quarter 30th September 2024 ₹65cr. ₹202cr. New Approvals during the Shareholders Funds as on quarter 30th September 2024 INVESTOR PRESENTAT
Slide 14: Quarterly Income Statement
QUARTERLY INCOME STATEMENT Sr .No. Particulars (Rs. Crore) Q2FY25 Q2FY24 H1FY25 H1FY24 1 New Approvals 65.41 73.86 111.92 128.55 2 Disbursements 62.96 68.09 107.53 121.20 3 Outstanding Loan Book 650.56 515.38 650.56 515.38 4 Interest Income 32.65 26.64 63.70 51.17 5 Fees & Other Income 4.19 4.56 7.1
Slide 15: Key Performance Indicator (1/3)
KEY PERFORMANCE INDICATOR (1/3) New Approvals (Rs. Crore) Disbursements (Rs. Crore) AUM (Rs. Crore) 121.23 102.19 650.56 601.59 629.60 515.38 548.37 68.09 62.96 73.86 60.23 62.28 65.41 44.57 46.51 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY2
Slide 16: Key Performance Indicator (2/3)
KEY PERFORMANCE INDICATOR (2/3) Loan Book Break Up – Product Category (%) Loan Book Break Up – Customer Profile (%) 35.74 35.70 30.16 29.51 28.90 24.06 24.63 25.15 25.52 25.83 64.26 64.30 69.84 70.49 71.10 75.94 75.37 74.85 74.48 74.17 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q
Slide 17: Key Performance Indicator (3/3)
KEY PERFORMANCE INDICATOR (3/3) Return Ratios (%) Capital Adequacy Cost to Income Ratio (%) 3.95% 3.74% 3.64% 3.57% 3.56% 38.98 35.18 34.99 32.03 32.40 65.42 64.98 64.80 63.66 62.50 0.90% 0.87% 0.94% 0.85% 0.90% 0.41 0.42 0.49 0.47 0.46 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25
Slide 18: Customer Profile (Q2FY25)
CUSTOMER PROFILE (Q2FY25) Product Housing Loan Occupation Construction Salaried LAP 25.83% 29.41% 28.90% Housing Repair & Self Employed 71.10% Renovation 74.17% 70.59% State Maharashtra Demography DPD 0.31% Urban 0 – 30 Days 5.40% 3.26% Gujarat 37.73% 30 – 60 Days Rajasthan 52.59% 3.62% 60 - 90 Days
Slide 19: Gross NPA Details (Q2FY25)
GROSS NPA DETAILS (Q2FY25) Product Wise Segment Wise State Wise* 2.66% 2.16% 2.22% 2.20% 1.67% 1.39% 1.54% Housing LAP Self Employed Salaried Rajasthan Madhya Pradesh Gujarat * As of September 30, 2024, the GNPA in Maharashtra is Nil. INVESTOR PRESENTATION 18
Slide 20: Borrowings
BORROWINGS National Public Sector Banks Housing Bank SBI, Union Bank of India, UCO Bank, Punjab National Bank, Indian Overseas Bank Banking Borrowing Mix (%) Relationships Private Sector Banks NBFC FI Banks DCB Bank, South Indian Bank, IDFC Bank, Bajaj Finance Ltd, Hinduja Housing Finance, 47% Feder
Slide 21: SRG in Past Years
SRG IN PAST YEARS Despite facing 5 major external challenges such as liquidity crises, demonetization, GST, multiple waves of covid etc in the last 7 years – SRG has come out stronger, leaner and more resilient – a testament to its business model and operations. Data in Crores ( Unless Specified) FY
Slide 22: Powering the Digital Ecosystem with SRG Srajan
POWERING THE DIGITAL ECOSYSTEM WITH SRG SRAJAN Web and Mobile Application Combination LOS (Loan Organization) LMS (Loan Management) COLLECTION (Loan Collection) ▪ Lead Generation & Management ▪ EMI Collection through auto-debit ▪ DPD Bucketing ▪ Customer Application Form ▪ Repayment Monitoring ▪ Poo
Slide 23: Collection Framework
COLLECTION FRAMEWORK DPD- 31 TO 90 Days On field follow-up by Collection DPD DayCollection 1 DPD- 90+ Days 1st DPD Day 1 1-30 DPD- 1 to 30 1st 31-90 Executive Overdue casesLegal Visit PNPA cases Manager to reported 90+ SARFAESI Proceedings initiation NI Act Notice u/s Overdue cases reported by Days
Slide 24: Our Network
OUR NETWORK Rajasthan (32) 1 Branch Banswara, Sagwara, Salumber, Jodhpur, Chittorgarh, Sumerpur, Bijainagar, Udaipur, Jaipur, Sirohi, Rajsamand, Pali, Kishangarh, Kota, Bhilwara, Beawar, Shahpura (Bhilwara), Shahpura (Jaipur), Begun, Jaitaran, Kekri, Gangapur 32 (Bhilwara), Partapur, Sojat, Dhairyaw
Slide 25: Shareholding Pattern
Share Holding Pattern as on 30.09.2024 64.69% Promoter and Promoter Group SHAREHOLDING 0.01% PATTERN FPI & AIF 2.83% Bodies Corporate, HUF, NRI & LLP Having listed on BSE in 2012, listed on NSE exchange as well on 21 Aug 2023. 32.41% Retail Company raised Rs. 10 Crores on conversion of Share warrant
Slide 26: Thank You
Head Office SRG Housing Finance Ltd 12, SRG House, opp Paras Health Hospital, Shobhagpura, Udaipur Rajasthan 313001, India CIN No:L65922RJ1999PLC015440 Tel: +91-294-2561882 / 2412609 Email: info@srghousing.com www.srghousing.com THANK Corporate Office 307, 3 rd Floor, Hubtown Solaris, N.S. Phadke Ma