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Sastasundar Ventures
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Company History
Sastasundar Ventures Ltd. (formerly known Microsec Financial Services Ltd) is a non-banking financial company registered with the RBI. The company is a financial services company primarily providing retail broking and investment banking services. They provide financial products and services to their client base of retail investors, high net worth individuals, companies and institutions. At present, the Company is focusing largely on the business of digital network of healthcare and portfolio management services.
The company is engaged in the financing and investment business which primarily comprises giving loans against shares, and making investments. In their financing and investment business, the company offers loans against shares to its clients, secured by liquid and marketable securities at appropriate margin levels. The company derives a major portion of their revenues from Eastern India, especially Kolkata.
Microsec Financial Services Ltd was incorporated on June 6, 1989 as a private limited company with the name Satyam Fiscal Services Pvt Ltd. In October 17, 2005, the name of the company was changed from Satyam Fiscal Services Pvt Ltd to Microsec Financial Services Pvt Ltd. In October 21, 2005, the company was converted into a public limited company and the name was changed to Microsec Financial Services Ltd.
Initially, the company was financial services company and was engaged in the business of financing and investment management. The Company was registered with the RBI as a NBFC since January 29, 2003, but did not have significant operations. As a part of the financing activities, the company was engaged in the business of providing loans and as a part of the investment management activities, they were engaged in the business of trading in securities.
In the year 2005, the promoters acquired the entire shareholding of the Company from the previous shareholders. In August 1, 2005, 800,000 equity shares were transferred to Banwari Lal Mittal, and In October 1, 2005, 5,340 equity shares were transferred to LKPL, Abha Mittal, Prabhu Dayal Khaitan, Bharati Sharma, Ravi Kant Sharma and Sushila Devi Khaitan.
In November 24, 2005, the company acquired the entire shareholding of Microsec Capital Ltd. Simultaneously, Microsec Capital Ltd's subsidiaries Microsec Commerze Ltd and Microsec Risk Management Ltd (now Microsec Insurance Brokers Limited) became the indirect subsidiaries of the company. In February 1, 2006, the company acquired the entire shareholding of Microsec Resources Pvt Ltd. As per the scheme of amalgamation, Ravindra Shelter Ltd was amalgamated with the company.
In March 30, 2006, the company acquired the entire share capital of MIL Technologies Ltd (now Microsec Technologies Ltd). Also, erstwhile Microsec Technologies Ltd was amalgamated with the MIL Technologies Ltd with effect from March 17, 2008 and was renamed as Microsec Technologies Ltd. In February 9, 2009, Microsec Technologies Ltd acquired the entire shareholding of PRP Technologies Ltd and thus of PRP Technologies Ltd the indirect subsidiary of the company.
During the year 2008-09, Shringar Vinimay Pvt Ltd became a wholly owned subsidiary of the company with effect from February 26, 2009. Shringar Vinimay Pvt Ltd was engaged in the business of consultancy. Subsequently, in March 1, 2009, Shringar Vinimay Pvt Ltd was amalgamated with the company.
As at June 30, 2010, the company had a network of 239 branches (which includes 237 branches of MCap and 2 branches of MCL), out of which 99 branches (which includes 97 branches of MCap and 2 branches of MCL) were located in Kolkata (where we also have our headquarters). In addition, 79 branches of MCap were located in West Bengal, excluding Kolkata.
In July 19, 2010, the company and Debashish Ghoshal formed a limited liability partnership i.e. Microsec Invictus Advisors LLP to carry on the business of professional and consultancy services.
The Company acquired 100% stake of Microsec Health Buddy Limited (formerly Myjpoy Fun &Food Pvt Ltd) (MHBL) and integrated business of forseegame.com with Microsec Technologies Limited, a 100% ultimate subsidiary of Company. It launched sastasundar.com - an innovative digital pharmacy and healthcare store in 2014.
The Company got into a Share Purchase Agreement (SPA) on 19th April, 2016 for sale of 100% shareholding in Microsec Capital Limited (MCL) (the Demerged Comapny) through Scheme of Arrangement between Microsec Capital Limited (MCap), the wholly owned subsidiary company and Microsec Commerze Limited (MCL), a wholly owned subsidiary of Microsec Capital Limited and PRP Technologies Limited. The proposed scheme of arrangement envisages transfer of 'Consultancy and Investment' undertakings of Microsec Capital Limited and Mirosec Commerze Limited into PRP Technologies Limited.
Sasta Sundar Shop Private Limited, a wholly owned subsidiary was merged with Microsec Health Buddy Limited on 27th May, 2015 through scheme of arrangement w.e.f. 1st April, 2015.
During FY 2018-19, the Company entered into a Share Purchase Agreement (SPA) with Genu Path Labs Limited and Sastasundar Healthbuddy Limited on 5th March, 2019. In terms of such SPA, the Company has sold the investment in Genu Path Labs Limited to Sastasundar Healthbuddy Limited for a consideration of Rs. 6 crores and resultantly the transaction concluded on 9th April, 2019. A new subsidiary was incorporated in the name and style 'Happymate Foods Limited' to venture into Food business in 2018-19.
The Scheme of Amalgamation of PRP Technologies Limited (PTL), Myjoy Tasty Food Private Limited (MTFPL) and Myjoy Hospitality Private Limited (MHPL) (the Transferor Companies) with the Company was approved by the Central Government on 9th January, 2018 and consequently, all the assets and liabilities of the PRP Technologies Limited (PTL), Myjoy Tasty Food Private Limited (MTFPL) and Myjoy Hospitality Private Limited (MHPL) (Transferor Companies) was transferred to the Company.
During the year 2021-22, Sastasundar Healthbuddy Limited (SHBL), a subsidiary of the Company entered into a share subscription and purchase agreement dated 19th November, 2021 and a shareholders' agreement dated 19th November, 2021 with Flipkart Health Private Limited, pursuant to SHBL's divestment of its equity holding in Sastasundar Marketplace Limited (SML), a wholly owned subsidiary of SHBL. Consequent to the above-mentioned transaction, Flipkart Health Private Limited holds 75.1% of equity share capital of SML and the balance 24.9% of equity share capital of SML continues to be held by SHBL and hence, SML ceased to be a step-down subsidiary of the Company on December 9, 2021. Post completion of this strategic partnership with Flipkart, the SastaSundar mobile APP and the website was renamed as FlipKart Health Plus. Thus, Sastasundar Marketplace Limited (SML) [Now known as Flipkart Health Limited] became Associate Company effective from December 9, 2021.
Sastasundar Ventures Share Price
Sastasundar Ventures share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Sastasundar Ventures Market Cap
Market capitalization of Sastasundar Ventures indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Sastasundar Ventures is valued compared to its competitors.
Sastasundar Ventures PE Ratio
Sastasundar Ventures PE ratio helps investors understand what is the market value of each stock compared to Sastasundar Ventures 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
Sastasundar Ventures PEG Ratio
The PEG ratio of Sastasundar Ventures evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Sastasundar Ventures ROE (Return on Equity)
Return on Equity (ROE) measures how effectively Sastasundar Ventures generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Sastasundar Ventures ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of Sastasundar Ventures in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Sastasundar Ventures Total Debt
Total debt of Sastasundar Ventures shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
Sastasundar Ventures Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of Sastasundar Ventures compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
Sastasundar Ventures CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of Sastasundar Ventures over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Sastasundar Ventures Technical Analysis
Technical analysis of Sastasundar Ventures helps investors get an insight into when they can enter or exit the stock. Key components of Sastasundar Ventures Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Sastasundar Ventures shares often struggle to rise above due to selling pressure.
Sastasundar Ventures Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Sastasundar Ventures ’s financial health and profitability.
Sastasundar Ventures Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Sastasundar Ventures Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
Sastasundar Ventures Financials
The financials of Sastasundar Ventures provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
Sastasundar Ventures Profit and Loss Statements
The profit and loss statement of Sastasundar Ventures highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Sastasundar Ventures .
Sastasundar Ventures Balance Sheet
The balance sheet presents a snapshot of Sastasundar Ventures ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Sastasundar Ventures Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
Sastasundar Ventures Net Interest Margin (NIM)
Sastasundar Ventures Net Interest Margin (NIM) tells about the profitability earned by all NBFCs and financial institutions. It represents the income generated by the bank from the difference between the interest earned on loans and the interest paid on public deposits. Net Interest Margin (NIM) is a metric that monitors the profitability generated from a bank's lending activities.
Sastasundar Ventures Non-Performing Assets (NPA) Ratio
Non-Performing Assets (NPA) indicate the ratio of a bank's loans that are classified as non-performing. A lower NPA ratio reflects stronger asset quality and more effective risk management.
Sastasundar Ventures Capital Adequacy Ratio (CAR)
Capital Adequacy Ratio (CAR) is a metric to measure the bank's ability to absorb losses and still remain financially stable. A higher CAR shows that the bank is financially sound and can absorb potential losses.
Sastasundar Ventures Gross NPA
Gross NPA is the percentage of total non-performing loans before provisioning, while net NPA is the percentage after provisioning. Lower gross and net NPA ratios indicate better loan quality.
Sastasundar Ventures Net NPA Ratio
Net NPA is the actual losses a bank has incurred due to NPA accounts. Lower the NPA, better the banks can maintain stable income from interest on loans.
Sastasundar Ventures CASA Ratio
CASA ratio tells how much of a bank's total deposits are in both current and savings accounts.
SEBI REGISTERED RESEARCH ANALYST REGISTRATION NUMBER: INH000015729Disclaimer: "Investments in securities are subject to market risks. Read all the related documents carefully before investing." Receiving registration from SEBI and certification from NISM does not assure the performance of the intermediary or guarantee returns to investors in any manner. Compliance Email: [email protected]
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