amit@unlistedkraft.in
+91-9599071664
+91-9599071664
KLM Axiva Finvest Limited
DRHP Status : YES
18
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Interest Earned | 124 | 179 | 275 | 306 |
| Other Income | 3 | 6 | 3 | 10 |
| Interest Expended | 73 | 104 | 143 | 155 |
| Operating Expenses | 44 | 63 | 110 | 130 |
| Provisions and contingencies | -1 | 0.6 | 1 | 0.4 |
| PAT | 7 | 11 | 18 | 23 |
| eps | 1.03 | 0.96 | 0.96 | 1.12 |
| Gross NPA | 6.56 | 0 | 0 | 1.6 |
| Net NPA | 4.77 | 2.64 | 0.78 | 0.67 |
| Financial Ratios | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Advances | 733 | 1058 | 1445 | 1705 |
| Book Value | 14.27 | 13.66 | 13.64 | 13.26 |
| P / B | 1.26 | 1.32 | 1.32 | 1.36 |
| ROE (%) | 7.22 | 7.02 | 7.07 | 8.44 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 33 | 53 | 115 | 124 |
| Cash and Balances | 34 | 324 | 112 | 68 |
| Investments | 0 | 0 | 0 | 0 |
| Advances | 733 | 1058 | 1445 | 1705 |
| Other Assets | 24 | 37 | 47 | 63 |
| Total Assets | 824 | 1472 | 1719 | 1960 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 67.9 | 114.8 | 186.72 | 205.4 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 29 | 42 | 68 | 67 |
| Borrowings | 264 | 728 | 886 | 834 |
| Deposits | 0 | 0 | 0 | 0 |
| Other Liabilities | 463.1 | 587.2 | 578.28 | 853.6 |
| Total Liabilities | 824 | 1472 | 1719 | 1960 |
| Name | Holding |
|---|---|
| Shibu T Varghese | 17.03% |
| Aleyamma Varghese | 5.62% |
| Other Investors | 60.94% |
| Elen Elu Shibu | 4.75% |
| Biji Shibu | 11.66% |
Being one of the oldest financial institutions with a fast-paced growth calls for serious social responsibility. KLM Axiva Finvest has shouldered the responsibility of steadily supporting the development of Kerala’s social and economic sector for the past 25 years.
It is the years of trust, the expertise to deal with situations, and an excellent service history,
clubbed with experienced manpower, that make KLM the natural and obvious choice for their patrons. 25 years of service excellence were built on the trust their patrons have invested in them.
The maximum security and best returns that KLM offers for their assets have increased the loyalty of its patrons manifold. Not to forget the services KLM offers to meet the different needs of their customers, which has now grown to more than one lakh satisfied customers, and is counting.
Click here to visit the official website of KLM Axiva Finvest Limited
Strengths:
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Experienced Management Team: Led by Whole-Time Director Mr. Shibu Varghese, who has over 30 years of experience in financial services, the company benefits from a seasoned leadership team that has been instrumental in its growth since taking over in 2014.
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Growth in Assets Under Management (AUM): KLM Axiva Finvest has demonstrated consistent growth in its AUM, increasing by 17% year-on-year to ₹1,705 crore as of March 31, 2024, up from ₹1,460 crore the previous year. This growth is attributed to increased disbursements and branch expansion.
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Improving Asset Quality: The company's focus on gold loans, which constituted 65% of its portfolio as of December 31, 2023, has contributed to better asset quality. Gross Non-Performing Assets (GNPA) improved to 1.6% in FY2024 from 1.84% in FY2023, while Net NPA (NNPA) improved to 0.67% from 0.82% during the same period.
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Adequate Capitalization: With a capital adequacy ratio of 23.66% and Tier 1 capital of 15.61% as of FY2024, KLM Axiva Finvest maintains levels above regulatory requirements, supporting its growth initiatives.
Weaknesses:
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Leveraged Capital Structure: The company's total debt stood at ₹1,606 crore as of March 2024, resulting in a high gearing ratio of 5.91 times. To sustain growth, additional debt or equity infusion may be necessary, which could impact financial stability
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Geographical Concentration: Operations are heavily concentrated in Kerala (54% of exposure) and Karnataka (23%) as of December 2023. This regional focus exposes the company to risks associated with economic or political changes in these areas.
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Funding Profile Concentration: Approximately 90% of the company's borrowings as of March 2024 are from Non-Convertible Debentures (NCDs) and subordinated debt. While the proportion of bank loans is increasing, the current funding mix may pose liquidity risks.
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Moderate Profitability: Despite growth, profitability remains modest, with a Return on Average Assets (ROAA) of 1.25% in FY2024, up from 1.15% in FY2023. Operating expenses to earning assets ratio also increased to 7.66% in FY2024 from 7.45% in FY2023, indicating higher costs during the expansion phase
+91-9599071664
amit@unlistedkraft.in