Morarka Finance Ltd

₹ 59.8 3.09%

19 Oct 4:01 p.m.

About

Incorporated in 1985, Morarka Finance Ltd
is in the business of finance and investments^[1]

Key Points

Business Overview:^[1]
MFL is registered as a non-systematically important non-deposit taking non-banking financial company and assists its group co.
viz. Dwarikesh Sugar Industries in advisory services and investing activities. Hence, it is proposed to enter into the management consultancy arrangements with them.

Website BSE

Market Cap ₹ 26.9 Cr.
Current Price ₹ 59.8
High / Low ₹ 104 / 42.1
Stock P/E 16.1
Book Value ₹ 257
Dividend Yield 2.51 %
ROCE 1.58 %
ROE 1.35 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.24 times its book value
Company has been maintaining a healthy dividend payout of 35.3%

Cons

The company has delivered a poor sales growth of 11.8% over past five years.
Company has a low return on equity of 2.57% over last 3 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.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	5.13	0.90	0.75	0.81	0.81	1.19	0.17	0.34	0.29	1.62	0.25	0.06	0.58
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.13	0.08	0.13	0.12	0.13	0.11	0.15	0.16	0.14	0.13	0.15	0.13	0.12
Financing Profit	5.00	0.82	0.62	0.69	0.68	1.08	0.02	0.18	0.15	1.49	0.10	-0.07	0.46
Financing Margin %	97.47%	91.11%	82.67%	85.19%	83.95%	90.76%	11.76%	52.94%	51.72%	91.98%	40.00%	-116.67%	79.31%
	0.00	0.00	0.00	0.00	0.99	0.00	0.00	0.23	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	5.00	0.82	0.62	0.69	1.67	1.08	0.02	0.41	0.15	1.49	0.10	-0.07	0.46
Tax %	3.80%	25.61%	40.32%	23.19%	1.80%	50.00%	-400.00%	-26.83%	0.00%	24.83%	20.00%	-242.86%	17.39%
	4.81	0.61	0.37	0.53	1.64	0.54	0.09	0.52	0.14	1.12	0.07	0.10	0.38
EPS in Rs	10.68	1.35	0.82	1.18	3.64	1.20	0.20	1.16	0.31	2.49	0.16	0.22	0.84
Gross NPA %
Net NPA %
Raw PDF

Upcoming result date: 21 October 2026

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0.05	0.18	0.67	2.75	0.96	5.43	1.27	4.48	5.86	7.58	2.51	2.22	2.51
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.22	0.33	0.45	0.37	0.42	0.45	0.36	0.42	0.38	0.46	0.56	0.55	0.53
Financing Profit	-0.17	-0.15	0.22	2.38	0.54	4.98	0.91	4.06	5.48	7.12	1.95	1.67	1.98
Financing Margin %	-340.00%	-83.33%	32.84%	86.55%	56.25%	91.71%	71.65%	90.62%	93.52%	93.93%	77.69%	75.23%	78.88%
	0.16	0.17	0.05	0.00	0.00	0.00	0.01	0.00	0.00	0.00	1.22	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.01	0.02	0.27	2.38	0.54	4.98	0.92	4.06	5.48	7.12	3.17	1.67	1.98
Tax %	300.00%	50.00%	29.63%	1.26%	12.96%	0.60%	25.00%	8.87%	14.42%	11.38%	11.99%	13.77%
	-0.04	0.01	0.18	2.34	0.47	4.95	0.69	3.69	4.68	6.32	2.80	1.43	1.67
EPS in Rs	-0.09	0.02	0.40	5.20	1.04	10.99	1.53	8.20	10.40	14.04	6.22	3.18	3.71
Dividend Payout %	0.00%	0.00%	0.00%	19.23%	95.74%	0.00%	65.22%	48.78%	48.08%	42.72%	16.07%	47.20%

Compounded Sales Growth
10 Years:	29%
5 Years:	12%
3 Years:	-28%
TTM:	26%

Compounded Profit Growth
10 Years:	64%
5 Years:	16%
3 Years:	-33%
TTM:	29%

Stock Price CAGR
10 Years:	18%
5 Years:	-6%
3 Years:	-27%
1 Year:	-41%

Return on Equity
10 Years:	3%
5 Years:	2%
3 Years:	3%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.50	4.50	4.50	4.50	4.50	4.50	4.50	4.50	4.50	4.50	4.50	4.50
Reserves	4.53	4.54	4.72	7.06	6.98	11.93	68.72	264.83	185.47	158.36	90.79	111.32
Borrowing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.06	0.04	0.07	0.07	0.11	0.08	0.21	0.53	0.92	1.04	0.90	1.17
Total Liabilities	9.09	9.08	9.29	11.63	11.59	16.51	73.43	269.86	190.89	163.90	96.19	116.99
	0.09	0.08	0.08	0.07	0.07	0.07	0.06	0.06	0.06	0.05	0.05	0.05
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	8.61	8.61	8.88	11.11	11.09	13.79	72.86	269.00	189.81	162.92	95.23	115.71
	0.39	0.39	0.33	0.45	0.43	2.65	0.51	0.80	1.02	0.93	0.91	1.23
Total Assets	9.09	9.08	9.29	11.63	11.59	16.51	73.43	269.86	190.89	163.90	96.19	116.99

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.01	0.26	2.30	0.07	-0.09	-5.48	-0.16	-0.55	-0.50	3.21	-0.11
	0.00	-0.27	-2.23	0.47	2.37	3.24	0.70	2.26	2.69	-0.54	0.67
	0.00	0.00	0.00	-0.54	0.00	0.00	-0.45	-1.80	-2.25	-2.70	-0.45
Net Cash Flow	-0.01	-0.01	0.06	0.00	2.28	-2.24	0.08	-0.09	-0.06	-0.03	0.11
Free Cash Flow	-0.01	0.26	2.30	0.07	-0.09	-5.48	-0.16	-0.55	-0.50	3.21	-0.11

Ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	-0.44%	0.11%	1.97%	22.52%	4.08%	35.47%	1.54%	2.15%	2.04%	3.58%	2.17%	1.35%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Dividend Income
₹ Lakhs

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x.xx	x.xx	x.xx	-x.xx	x.xx	x.xx	xx.xx	xx.xx	xxx.xx	xxx.xx
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xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx

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DSIL Equity Investment Value (FVTOCI)
₹ Lakhs

Management Consultancy Income
₹ Lakhs

Mutual Fund Holdings (FVTPL Value)
₹ Lakhs

Net Gain/(Loss) on Fair Value Changes (FVTPL)
₹ Lakhs

Number of DSIL Equity Shares Held
Number of shares

Preference Shares Investment (DTCL)
₹ Lakhs

Rental Income (from DSIL)
₹ Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	66.77%	66.77%	66.77%	66.77%	66.77%	66.77%	66.77%	66.77%	66.77%	66.77%	66.77%	66.77%
	33.21%	33.21%	33.22%	33.22%	33.22%	33.21%	33.21%	33.23%	33.21%	33.21%	33.22%	33.21%
No. of Shareholders	3,174	3,179	3,279	4,095	4,154	4,227	4,143	4,171	4,031	4,004	4,117	4,070

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	64.58%	64.78%	65.18%	65.28%	65.28%	65.28%	66.16%	66.77%	66.77%	66.77%	66.77%
	35.42%	35.22%	34.82%	34.72%	34.72%	34.72%	33.83%	33.21%	33.21%	33.21%	33.21%
No. of Shareholders	2,232	2,155	2,180	1,504	2,276	2,346	2,891	3,179	4,227	4,004	4,070

Documents

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Morarka Finance Ltd

Morarka Finance Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports