Poonawalla Fincorp Limited, a Non-Banking Finance Company (NBFC) under the Cyrus Poonawalla Group, specializes in consumer and MSME financing, offering a diverse range of products to meet the increasing financial needs of customers and businesses. The company is driven by the values of Passion, People, Purpose, Principles, and Possibilities, ensuring best-in-class service and solutions with integrity and dedication. Committed to transparency, Poonawalla Fincorp deeply invests in technology and innovation to create endless opportunities and support customers’ growth journeys. Striving for excellence, the company aims to set new benchmarks and uphold Trust, Integrity, Transparency, and Excellence at its core.
History of Poonawalla Fincorp Ltd
Poonawalla Fincorp Limited, established in 1988 by Mayank Poddar and Sanjay Chamria as Magma Leasing Limited, began its operations in 1989 and entered the retail financing business for vehicles and construction equipment in 1996. The acquisition of Consortium Finance Ltd in 2000 expanded its network across Northern India, while the merger with Shrachi Infrastructure Finance in 2007 extended its presence in southern and western India. A joint venture with International Tractors Limited (ITL) in 2007 marked its entry into the tractor financing business. Rebranded as Magma Fincorp Limited in 2008, the company ventured into general insurance through a partnership with HDI Global in 2009 and acquired stakes in Experian Credit Information Company of India Pvt Ltd and GE Money Housing Finance in 2012. In 2021, Rising Sun Holdings, controlled by Adar Poonawalla, made a significant investment, leading to the rebranding of Magma Fincorp as Poonawalla Fincorp. Further capital infusion by ICICI Ventures, Cyza Chem, and Morgan Stanley occurred in March 2021. In December 2022, the company sold its subsidiary, Poonawalla Housing Finance, to Perseus SG, an entity of TPG Global, for ₹3,900 crore (US$470 million), focusing on its core operations and growth.
Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
Promoters + | 62.12% | 62.10% | 62.07% | 62.13% | 62.09% |
FIIs + | 7.18% | 7.91% | 7.79% | 7.76% | 7.85% |
DIIs + | 7.99% | 6.94% | 5.58% | 5.81% | 6.77% |
Public + | 22.71% | 23.06% | 24.57% | 23.79% | 22.64% |
Others + | 0.00% | 0.00% | 0.00% | 0.52% | 0.66% |
No. of Shareholders | 1,85,803 | 2,02,705 | 1,95,334 | 2,03,244 | 2,32,421 |
From June 2023 to June 2024, the shareholding pattern of Poonawalla Fincorp Limited shows some fluctuations. The promoters’ shareholding remained relatively stable, starting at 62.12% in June 2023 and slightly varying to 62.09% by June 2024. Foreign Institutional Investors (FIIs) saw an increase from 7.18% in June 2023 to a peak of 7.91% in September 2023, before settling at 7.85% in June 2024. Domestic Institutional Investors (DIIs) experienced a decrease from 7.99% in June 2023 to 5.58% in December 2023, but then increased to 6.77% by June 2024. The public shareholding showed an overall increase from 22.71% in June 2023 to a high of 24.57% in December 2023, before decreasing to 22.64% in June 2024. The ‘Others’ category, which was initially 0%, started appearing in March 2024 with a shareholding of 0.52% and increased to 0.66% by June 2024. The number of shareholders showed a notable increase, from 185,803 in June 2023 to 232,421 in June 2024, indicating growing investor interest in the company.
Below are the trading platforms that you can use to purchase Poonawalla Fincorp Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
August 2024 | 386.25 | 335.87 |
September 2024 | 401.70 | 349.31 |
October 2024 | 393.83 | 342.46 |
November 2024 | 409.58 | 356.16 |
December 2024 | 413.68 | 359.72 |
Poonawalla Fincorp Limited in 2024, the expected share prices are projected to be ₹386.25 maximum and ₹335.87 minimum in August. In September, the prices are anticipated to reach a maximum of ₹401.70 and a minimum of ₹349.31. For October, the expected maximum price is ₹393.83, with a minimum of ₹342.46. In November, the projected maximum price is ₹409.58, and the minimum is expected to be ₹356.16. Finally, in December, Poonawalla Fincorp’s expected maximum price is ₹413.68, while the minimum is projected to be ₹359.72.
When | Maximum Price | Minimum Price |
January 2025 | 417.81 | 321.39 |
February 2025 | 422.03 | 324.64 |
March 2025 | 430.90 | 331.46 |
April 2025 | 426.63 | 328.18 |
May 2025 | 414.20 | 318.62 |
June 2025 | 432.84 | 332.96 |
July 2025 | 424.36 | 326.43 |
August 2025 | 437.48 | 336.52 |
September 2025 | 442.73 | 340.56 |
October 2025 | 454.24 | 349.42 |
November 2025 | 465.60 | 358.15 |
December 2025 | 486.55 | 374.27 |
Poonawalla Fincorp Limited in 2025, the expected share prices are projected to reach a maximum of ₹417.81 and a minimum of ₹321.39 in January. By December 2025, the expected maximum price is anticipated to be ₹486.55, with a minimum of ₹374.27.
When | Maximum Price | Minimum Price |
January 2026 | 501.15 | 385.50 |
February 2026 | 488.62 | 375.86 |
March 2026 | 498.39 | 383.38 |
April 2026 | 508.56 | 391.20 |
May 2026 | 503.53 | 387.33 |
June 2026 | 516.11 | 397.01 |
July 2026 | 505.99 | 389.23 |
August 2026 | 521.64 | 401.26 |
September 2026 | 532.08 | 409.29 |
October 2026 | 545.91 | 419.93 |
November 2026 | 559.56 | 430.43 |
December 2026 | 573.55 | 441.19 |
When | Maximum Price | Minimum Price |
January 2027 | 579.28 | 445.60 |
February 2027 | 594.14 | 457.03 |
March 2027 | 617.31 | 474.85 |
April 2027 | 605.20 | 465.54 |
May 2027 | 587.57 | 451.98 |
June 2027 | 614.02 | 472.32 |
July 2027 | 601.98 | 463.06 |
August 2027 | 620.59 | 477.38 |
September 2027 | 642.31 | 494.09 |
October 2027 | 659.02 | 506.93 |
November 2027 | 675.49 | 519.61 |
December 2027 | 692.38 | 532.60 |
When | Maximum Price | Minimum Price |
January 2028 | 706.23 | 543.25 |
February 2028 | 724.33 | 557.18 |
March 2028 | 752.58 | 578.91 |
April 2028 | 737.83 | 567.56 |
May 2028 | 716.34 | 551.03 |
June 2028 | 748.57 | 575.82 |
July 2028 | 733.89 | 564.53 |
August 2028 | 756.59 | 581.99 |
September 2028 | 783.07 | 602.36 |
October 2028 | 803.43 | 618.02 |
November 2028 | 823.52 | 633.47 |
December 2028 | 844.11 | 649.31 |
When | Maximum Price | Minimum Price |
January 2029 | 860.99 | 662.30 |
February 2029 | 883.06 | 679.28 |
March 2029 | 917.50 | 705.77 |
April 2029 | 899.51 | 691.93 |
May 2029 | 873.31 | 671.78 |
June 2029 | 912.61 | 702.01 |
July 2029 | 894.72 | 688.25 |
August 2029 | 922.39 | 709.53 |
September 2029 | 954.67 | 734.36 |
October 2029 | 979.50 | 753.46 |
November 2029 | 1,003.98 | 772.29 |
December 2029 | 1,029.08 | 791.60 |
When | Maximum Price | Minimum Price |
January 2030 | 1,049.66 | 807.43 |
February 2030 | 1,076.58 | 828.14 |
March 2030 | 1,118.57 | 860.43 |
April 2030 | 1,096.63 | 843.56 |
May 2030 | 1,064.69 | 818.99 |
June 2030 | 1,112.60 | 855.85 |
July 2030 | 1,090.79 | 839.07 |
August 2030 | 1,124.52 | 865.02 |
September 2030 | 1,163.88 | 895.29 |
October 2030 | 1,194.14 | 918.57 |
November 2030 | 1,224.00 | 941.54 |
December 2030 | 1,254.60 | 965.07 |
Poonawalla Fincorp Limited in 2030, the expected maximum and minimum share prices are projected to be ₹1,049.66 and ₹807.43 in January, respectively. By December 2030, the expected maximum price is anticipated to reach ₹1,254.60, with a minimum of ₹965.07.
Financial Condition of Poonawalla Fincorp Limited: Last 5 Years
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Revenue | 2,513 | 2,319 | 1,540 | 2,177 | 5,418 | 3,394 |
Interest | 1,294 | 1,100 | 509 | 595 | 950 | 1,040 |
Expenses + | 1,112 | 1,950 | 623 | 838 | 880 | 898 |
Financing Profit | 107 | -731 | 408 | 744 | 3,588 | 1,456 |
Financing Margin % | 4% | -32% | 26% | 34% | 66% | 43% |
Other Income + | 49 | 39 | 109 | 184 | -1,363 | 865 |
Depreciation | 75 | 56 | 49 | 61 | 59 | 58 |
Profit before tax | 82 | -749 | 468 | 866 | 2,166 | 2,262 |
Tax % | 67% | -25% | 20% | 21% | 22% | |
Net Profit + | 27 | -559 | 375 | 685 | 1,683 | 1,749 |
EPS in Rs | 1 | -20.73 | 4.9 | 8.91 | 21.73 | 22.68 |
Dividend Payout % | 0% | 0% | 8% | 22% | 9% |
Poonawalla Fincorp Limited has experienced notable financial fluctuations from March 2020 to the trailing twelve months (TTM) ending in March 2024. Revenue initially stood at ₹2,513 crore in March 2020, dropped to ₹1,540 crore in March 2022, and then substantially rebounded to ₹5,418 crore in March 2024. Interest expenses followed a similar pattern, decreasing from ₹1,294 crore in March 2020 to ₹509 crore in March 2022, before rising to ₹950 crore in March 2024. Overall expenses were volatile, peaking at ₹1,950 crore in March 2021 before stabilizing around ₹880-₹898 crore in the subsequent years.
The company’s financing profit demonstrated a significant recovery, starting at ₹107 crore in March 2020, dipping to a loss of ₹731 crore in March 2021, and then surging to ₹3,588 crore in March 2024. Correspondingly, the financing margin improved from 4% in March 2020 to an impressive 66% in March 2024. Other income showed extreme variability, with a high of ₹184 crore in March 2023 and a significant loss of ₹1,363 crore in March 2024. Depreciation remained relatively stable, averaging around ₹58 crore annually.
Profit before tax exhibited a strong upward trend, increasing from ₹82 crore in March 2020 to ₹2,166 crore in March 2024, with the TTM figure at ₹2,262 crore. Net profit mirrored this growth, rising from ₹27 crore in March 2020, turning negative in March 2021, and reaching ₹1,683 crore in March 2024, with the TTM figure at ₹1,749 crore. Earnings per share (EPS) improved significantly from ₹1 in March 2020 to ₹21.73 in March 2024, with the TTM figure at ₹22.68. The dividend payout ratio varied, peaking at 22% in March 2023, reflecting the company’s improving financial health and profitability
FAQS
As of July 27th, 2024, the share price of Poonawalla Fincorp Limited is around INR ₹376.
Based on various market analyses and expert opinions, the expected share price target of Poonawalla Fincorp Limited by 2024 is around INR 413.68.
As per our analysis, Poonawalla Fincorp Limited in 2025 is expected to trade between ₹318.62 to ₹486.55.
As per our analysis, Poonawalla Fincorp Limited share price target for 2030 would be somewhere between ₹807.43 and ₹1,254.60.
You can invest in Poonawalla Fincorp Limited shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.
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Conclusion
In summary, Poonawalla Fincorp Limited has demonstrated impressive financial stability and growth over the past five years. The company’s revenue soared from ₹2,513 crore in March 2020 to ₹5,418 crore in March 2024. Financing profit surged from ₹107 crore in March 2020 to ₹3,588 crore in March 2024. Similarly, net profit improved significantly from ₹27 crore in March 2020 to ₹1,683 crore in March 2024. Earnings per share (EPS) increased notably from ₹1 in March 2020 to ₹21.73 in March 2024. The projected stock prices, ranging from ₹389.55 in August 2024 to ₹1,265.31 in December 2030, reflect Poonawalla Fincorp’s strong commitment to innovation and excellence. This positions the company as a leading and dependable entity in the NBFC sector, well-positioned for ongoing growth and value creation for its investors and stakeholders.
What did we learn?
- 1 History of Poonawalla Fincorp Ltd
- 2 Shareholding patterns of Poonawalla Fincorp Limited
- 3 How to Purchase Poonawalla Fincorp Limited’s Shares in India?
- 4 Poonawalla Fincorp Limited Share Price Prediction: 2024, 2025 to 2030
- 4.1 Poonawalla Fincorp Limited Share Price Target 2024
- 4.2 Poonawalla Fincorp Limited Share Price Target 2025
- 4.3 Poonawalla Fincorp Limited Share Price Prediction 2026
- 4.4 Poonawalla Fincorp Limited Share Price Target 2027
- 4.5 Poonawalla Fincorp Limited Share Price Target 2028
- 4.6 Poonawalla Fincorp Limited Share Price Target 2029
- 4.7 Poonawalla Fincorp Limited Share Price Target 2030
- 5 Financial Condition of Poonawalla Fincorp Limited: Last 5 Years
- 6 FAQS
- 6.1 What is the current share price of Poonawalla Fincorp Limited?
- 6.2 What is the expected share price target of Poonawalla Fincorp Limited by 2024?
- 6.3 What is Poonawalla Fincorp Limited share price target for 2025?
- 6.4 What is Poonawalla Fincorp Limited share price target for 2030?
- 6.5 How can I invest in Poonawalla Fincorp Limited shares?
- 7 Conclusion