Mangalam Industrial Finance Ltd

₹ 4.55 -1.94%

29 Apr - close price

About

Incorporated in 1983, Mangalam Industrial Finance is in the business of investing and financing^[1]

Key Points

Business Overview:^[1]^[2]
MIFL was formed as a Non Systematically Important Non-deposit taking Non-Banking
Finance, Investment and Credit Company and in Agriculture based industry including:
a) Financing Industrial Enterprises
by way of lending and advancing
money for machinery, land, building
shed or such other things as payment
finance
b) Investment /trading in shares &
securities etc and to carry on all types
of financing business including Housing
Finance
c) To manufacture and trade in agriculture based products of soil viz; tobacco, jute,
cotton, textiles sugarcane, vegetable
products, oilseeds, food grains etc.

Currently, company is concentrating in the NBFC segment providing various financial solutions

Website BSE

Market Cap ₹ 494 Cr.
Current Price ₹ 4.55
High / Low ₹ 6.97 / 2.38
Stock P/E
Book Value ₹ 0.26
Dividend Yield 0.00 %
ROCE -15.5 %
ROE -16.2 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.

Cons

Stock is trading at 17.4 times its book value
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -1.04%
The company has delivered a poor sales growth of -28.3% over past five years.
Company has a low return on equity of -5.19% 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

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	0.53	0.24	0.36	0.29	0.33	0.18	0.27	0.31	0.38	0.37	1.29	0.65	0.87
	0.09	0.04	0.03	0.12	0.12	1.58	-0.05	0.79	0.24	5.23	0.30	1.36	0.59
Operating Profit	0.44	0.20	0.33	0.17	0.21	-1.40	0.32	-0.48	0.14	-4.86	0.99	-0.71	0.28
OPM %	83.02%	83.33%	91.67%	58.62%	63.64%	-777.78%	118.52%	-154.84%	36.84%	-1,313.51%	76.74%	-109.23%	32.18%
	0.00	0.00	0.02	0.00	0.00	3.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
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
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01
Profit before tax	0.44	0.20	0.35	0.17	0.21	1.60	0.32	-0.48	0.14	-4.87	0.98	-0.72	0.27
Tax %	0.00%	115.00%	0.00%	29.41%	23.81%	55.00%	28.12%	0.00%	0.00%	-0.62%	25.51%	18.06%	51.85%
	0.44	-0.03	0.35	0.11	0.15	0.72	0.23	-0.48	0.14	-4.90	0.72	-0.59	0.14
EPS in Rs	0.00	-0.00	0.00	0.00	0.00	0.01	0.00	-0.00	0.00	-0.05	0.01	-0.01	0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	0.11	0.69	0.16	0.20	2.07	8.03	7.01	2.25	2.21	2.05	1.17	1.33	3.18
	0.15	0.48	0.12	0.14	1.73	7.57	6.61	2.21	2.34	1.15	1.85	6.09	7.48
Operating Profit	-0.04	0.21	0.04	0.06	0.34	0.46	0.40	0.04	-0.13	0.90	-0.68	-4.76	-4.30
OPM %	-36.36%	30.43%	25.00%	30.00%	16.43%	5.73%	5.71%	1.78%	-5.88%	43.90%	-58.12%	-357.89%	-135.22%
	0.00	0.00	-0.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.00
Depreciation	0.00	0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.04
Profit before tax	-0.04	0.13	-0.09	0.06	0.34	0.46	0.40	0.04	-0.13	0.90	2.32	-4.89	-4.34
Tax %	-50.00%	61.54%	11.11%	0.00%	32.35%	30.43%	25.00%	25.00%	0.00%	25.56%	42.67%	-2.45%
	-0.06	0.05	-0.08	0.06	0.24	0.32	0.29	0.03	-0.13	0.67	1.34	-5.01	-4.63
EPS in Rs	-0.00	0.00	-0.00	0.00	0.00	0.00	0.00	0.00	-0.00	0.01	0.01	-0.05	-0.05
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	7%
5 Years:	-28%
3 Years:	-16%
TTM:	179%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-207%

Stock Price CAGR
10 Years:	-5%
5 Years:	58%
3 Years:	88%
1 Year:	65%

Return on Equity
10 Years:	-1%
5 Years:	-3%
3 Years:	-5%
Last Year:	-16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	96.16	96.16	96.16	96.16	96.16	96.16	96.16	96.16	96.16	96.16	96.16	96.16	96.16
Reserves	-0.20	-0.14	-0.20	-0.15	0.02	0.32	0.08	-62.01	-62.14	-64.12	-62.78	-67.82	-67.69
	0.00	0.05	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.14	0.11	0.03	0.08	0.19	0.11	0.64	0.65	1.01	0.26	1.33	0.31	0.32
Total Liabilities	96.10	96.18	96.00	96.09	96.37	96.59	96.88	34.80	35.03	32.30	34.71	28.65	28.79
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.21
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	0.00
Investments	84.82	88.82	88.43	92.47	69.14	66.94	70.21	8.05	8.05	10.25	0.00	0.00	0.00
	11.28	7.36	7.57	3.62	27.23	29.65	26.67	26.75	26.98	22.05	34.71	28.46	28.58
Total Assets	96.10	96.18	96.00	96.09	96.37	96.59	96.88	34.80	35.03	32.30	34.71	28.65	28.79

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-10.37	4.06	-0.33	4.34	-23.36	-1.42	3.18	0.02	0.24	7.09	-7.80	4.04
	10.40	-4.00	0.38	-4.04	23.33	2.19	-3.27	-0.31	-1.08	-6.79	15.88	-0.20
	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.03	0.11	0.05	0.30	-0.03	0.78	-0.09	-0.29	-0.84	0.30	8.08	3.85

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.23
Inventory Days		0.00			88.95	0.00	0.00
Days Payable					0.00
Cash Conversion Cycle	0.00	0.00	0.00	0.00	88.95	0.00	0.00	0.00	0.00	0.00	0.00	8.23
Working Capital Days	36,632.73	3,729.35	16,607.50	5,456.75	4,103.16	380.45	115.07	-38.93	-94.14	876.00	3,774.79	-35.68
ROCE %	-0.04%	0.14%	0.04%	0.06%	0.35%	0.48%	0.42%	0.06%	-0.38%	2.72%	-2.08%	-15.49%

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	52.54%	52.54%	74.54%	74.54%	74.54%	74.54%	74.54%	73.66%	73.66%	70.15%	70.15%	69.11%
	47.46%	47.46%	25.46%	25.46%	25.46%	25.46%	25.47%	26.34%	26.35%	29.84%	29.85%	30.89%
No. of Shareholders	3,952	6,894	32,757	57,914	59,197	62,619	60,083	61,322	63,055	71,576	82,548	1,09,924

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	26.54%	26.54%	26.54%	26.54%	26.54%	74.54%	73.66%	69.11%
	73.46%	73.46%	73.46%	73.46%	73.46%	25.46%	26.34%	30.89%
No. of Shareholders	1,391	1,839	2,227	2,338	3,767	57,914	61,322	1,09,924

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Mangalam Industrial Finance Ltd

Mangalam Industrial Finance Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports