Akme Fintrade India Ltd
NSE:AFIL
Akme Fintrade India Ltd
Akme Fintrade India Ltd is a IN-based company operating in Consumer Finance industry. The company is headquartered in Mumbai, Maharashtra and currently employs 125 full-time employees. The company went IPO on 2024-06-26. Akme Fintrade (India) Limited is an India-based non-banking finance company. The firm is primarily engaged in rural and semi-urban centric lending solutions. The company operates two principal lines of business: vehicle financing and business finance. Its vehicle finance business primarily involves providing financing for purchases of two-wheelers and three-wheelers passenger vehicles used or new commercial vehicles. Its customers include transport operators, self-employed and salaried individuals. Its lending business to small business owners, including small and medium enterprises (SME) and micro, small & medium enterprises (MSME) lending business, primarily involves the Company providing secured loans for business purposes to SME, including businessmen, traders, manufacturers and self-employed professionals. The company has around four branches in Rajasthan and five branches located in the state of Maharashtra, Gujarat and Madhya Pradesh. The company also has digital presence at 23 locations across India.
Akme Fintrade India Ltd is a IN-based company operating in Consumer Finance industry. The company is headquartered in Mumbai, Maharashtra and currently employs 125 full-time employees. The company went IPO on 2024-06-26. Akme Fintrade (India) Limited is an India-based non-banking finance company. The firm is primarily engaged in rural and semi-urban centric lending solutions. The company operates two principal lines of business: vehicle financing and business finance. Its vehicle finance business primarily involves providing financing for purchases of two-wheelers and three-wheelers passenger vehicles used or new commercial vehicles. Its customers include transport operators, self-employed and salaried individuals. Its lending business to small business owners, including small and medium enterprises (SME) and micro, small & medium enterprises (MSME) lending business, primarily involves the Company providing secured loans for business purposes to SME, including businessmen, traders, manufacturers and self-employed professionals. The company has around four branches in Rajasthan and five branches located in the state of Maharashtra, Gujarat and Madhya Pradesh. The company also has digital presence at 23 locations across India.
AUM Growth: Asset under management (AUM) reached INR 523 crore, up 30% year-on-year, with a Q4 target of INR 600 crore.
Profitability: Quarterly profit after tax was INR 8.93 crore, marking a 10% year-on-year growth; full-year PAT guidance maintained at INR 35 crore.
Strong Disbursements: Q3 disbursements were INR 70.12 crore, up 185% year-on-year and 30% quarter-on-quarter, driven by festive season demand.
Asset Quality: Gross NPA improved to 2.86% from 3.13% QoQ; vehicle loan GNPA fell from 4.29% to 2.96%.
Capital Strength & Ratings: CRAR stands at 65%; company’s credit rating upgraded from BBB stable to BBB+ stable.
Digital Progress: Full-scale digital operations expected by fiscal year-end to improve efficiency and customer experience.
Expansion & Strategy: Plans for EV loan products and continued expansion in existing states; no current stress from industry overleveraging due to focus on secured loans.
