Mangal Credit & Fin

₹107 0.8 | 0.7%

WEBSITE BSE:505850 NSE : MANCREDIT 18 May, 12:50

Market Cap ₹209 Cr.

Stock P/E 19.7

P/B 1.6

Current Price ₹107

Book Value ₹ 65.1

Face Value 10

52W High ₹122.5

Dividend Yield 0.56%

52W Low ₹ 90

Edit Ratio

Mangal Credit & Fin Research see more...

Overview Inc. Year: 1961Industry: Finance - NBFC

Mangal Credit and Fincorp Ltd is a financial services company based in India. Established with the objective of providing comprehensive financial solutions, the company offers a range of services including microfinance, loans, and investment options. With a customer-centric approach, Mangal Credit and Fincorp aims to cater to the diverse financial needs of individuals and businesses. The company specializes in microfinance, providing small loans and credit facilities to individuals who lack access to traditional banking services. These microfinance services empower entrepreneurs and help uplift underserved communities. Mangal Credit and Fincorp also offers various loan products, such as personal loans, business loans, and housing loans, supporting individuals and enterprises in their financial endeavors. Committed to responsible lending practices, the company ensures transparency, fair interest rates, and flexible repayment options. Mangal Credit and Fincorp focuses on fostering financial inclusion, promoting economic growth, and improving the overall well-being of its customers.

Mangal Credit & Fin Share Price

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Peer Comparison

Mangal Credit & Fin Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Operating Revenue	4	5	4	5	6	7	7	8	9	9
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	4	5	4	5	6	7	8	8	9	9
Total Expenditure	1	2	1	1	1	2	2	2	2	3
Operating Profit	3	3	3	4	5	5	6	6	6	6
Interest Expense	1	1	1	1	1	2	2	2	2	3
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	3	2	3	3	3	3	4	4	4
Provision for Tax	1	1	1	1	1	1	1	1	1	1
Profit After Tax	2	2	2	2	2	2	2	3	3	3
Adjustments	0	0	0	0	0	-0	0	0	0	0
Profit After Adjustments	2	2	2	2	2	2	2	3	3	3
Adjusted Earnings Per Share	0.8	0.8	0.8	1.1	1.1	1.1	1.3	1.4	1.5	1.3

Mangal Credit & Fin Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	4	11	12	7	8	9	9	9	11	15	21	33
Other Income	1	1	4	2	1	0	2	7	0	0	0	0
Total Income	5	12	16	9	9	10	11	16	11	15	21	34
Total Expenditure	2	3	4	3	3	1	2	2	2	4	6	9
Operating Profit	3	9	11	6	6	8	9	14	9	11	16	24
Interest Expense	1	7	9	4	1	2	1	0	1	2	4	9
Depreciation	0	0	1	1	0	0	0	0	0	0	1	0
Profit Before Tax	1	1	1	1	4	6	8	14	8	9	11	15
Provision for Tax	0	0	0	0	1	2	2	3	2	3	3	4
Profit After Tax	1	1	1	1	3	5	6	11	6	6	8	11
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	1	1	1	3	5	6	11	6	6	8	11
Adjusted Earnings Per Share	2.2	1	1.1	0.7	1.7	2.4	3.1	5.6	3	3.1	4.1	5.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	40%	33%	18%	18%
Operating Profit CAGR	45%	5%	15%	18%
PAT CAGR	33%	-10%	10%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-5%	22%	15%	10%
ROE Average	7%	6%	8%	6%
ROCE Average	9%	9%	10%	9%

Mangal Credit & Fin Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	16	30	31	64	67	80	85	95	100	106	112
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	7
Current Liability	24	143	59	14	22	9	4	10	17	32	84
Other Liabilities & Provisions	0	-0	-0	-0	-0	-0	-0	-0	-0	0	-0
Total Liabilities	40	173	90	77	89	89	89	104	117	138	203
Loans	0	0	0	0	0	0	0	0	0	0	0
Investments	2	36	26	16	16	32	26	15	15	17	16
Fixed Assets	1	2	1	1	1	1	0	0	1	1	2
Other Loans	2	3	3	2	2	2	1	1	0	1	1
Other Non Current Assets	0	0	0	0	0	0	0	0	0	0	0
Current Assets	36	132	60	58	70	55	61	87	86	106	171
Total Assets	40	173	90	77	89	89	89	104	117	138	203

Mangal Credit & Fin Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	2	1	4	1	2	0	1	2	0	1
Cash Flow from Operating Activities	-18	-60	48	-0	-8	15	2	-9	-5	-11	-42
Cash Flow from Investing Activities	-2	-51	36	10	0	-15	6	7	-1	-0	-0
Cash Flow from Financing Activities	21	110	-81	-12	8	-1	-8	3	5	12	52
Net Cash Inflow / Outflow	1	-1	3	-3	0	-1	0	1	-1	1	10
Closing Cash & Cash Equivalent	2	1	4	1	2	0	1	2	0	1	11

Mangal Credit & Fin Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.21	1.03	1.1	0.69	1.68	2.37	3.11	5.57	2.96	3.15	4.1
CEPS(Rs)	2.45	1.5	1.95	1.02	1.87	2.48	3.2	5.65	3.08	3.36	4.37
DPS(Rs)	2	2	0.5	0	0.25	0.5	0.5	0.5	0.5	0.5	0.5
Book NAV/Share(Rs)	35.23	35.76	36.76	37.31	38.97	41.45	44.01	49.13	51.66	54.84	57.96
Net Profit Margin	24.7	7.86	7.95	16.51	32.61	48.4	67.6	121.43	50.52	41.61	37.39
Operating Margin	67.98	75.73	89.89	85.07	64.72	86.87	99.34	155.22	77.42	71.59	72.62
PBT Margin	30.84	9.74	11.9	20.28	49.57	66.11	89.64	153	72.39	59.41	52.01
ROA(%)	3.14	0.82	0.7	1.31	3.25	5.14	6.73	11.13	5.17	4.78	4.65
ROE(%)	6.41	3.86	3.03	2.44	4.43	6.42	7.28	11.97	5.87	5.91	7.26
ROCE(%)	10.16	8.65	8.92	7.83	7.07	9.52	10.09	14.63	8.18	8.47	9.26
Price/Earnings(x)	15.32	36.38	27.49	67.6	29.4	15.76	17.01	5.95	20.05	31.9	24.54
Price/Book(x)	0.96	1.05	0.82	1.26	1.26	0.9	1.2	0.67	1.15	1.83	1.73
Dividend Yield(%)	0.98	0.89	0.28	0	0.51	1.34	0.95	1.51	0.84	0.5	0.5
EV/Net Sales(x)	8.33	11.97	5.8	11.43	11.52	8.44	11.64	7.72	11.25	15.1	12.69
EV/Core EBITDA(x)	11.8	15.1	6.04	12.3	16.82	9.47	11.5	4.93	14.14	20.32	16.89
Interest Earned Growth(%)	36.74	192.94	5.23	-43.05	24.54	14.4	-6.14	-0.24	27.52	29.29	44.81
Net Profit Growth	-5.2	-6.79	6.47	18.27	145.96	69.8	31.09	79.2	-46.95	6.49	30.12
EPS Growth(%)	-5.2	-53.42	6.47	-36.78	141.42	41.67	31.07	79.2	-46.95	6.49	30.12
Interest Coverage(x) %	1.83	1.15	1.15	1.31	4.27	4.18	10.24	69.72	15.37	5.87	3.52

Mangal Credit & Fin Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	61.98	62.36	63.01	63.41	63.53	55.36	55.43	55.46	50.65	51.61
FII	0	0	0	0	0	0	0	0	0	0
DII	0.65	0.65	0.65	0.65	0.01	0.01	0.01	0.01	0.01	0.01
Public	37.37	36.99	36.34	35.94	36.47	44.63	44.56	44.53	49.34	48.38
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.2	1.2	1.22	1.22	1.23	1.07	1.07	1.07	0.98	1.01
FII	0	0	0	0	0	0	0	0	0	0
DII	0.01	0.01	0.01	0.01	0	0	0	0	0	0
Public	0.72	0.71	0.7	0.69	0.7	0.86	0.86	0.86	0.95	0.95
Others	0	0	0	0	0	0	0	0	0	0
Total	1.93	1.93	1.93	1.93	1.93	1.93	1.93	1.93	1.93	1.96

Pros

Cons

Company has a low return on equity of 6% over the last 3 years.
The company has delivered a poor profit growth of 9% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.