Mangalam Industrial Finance Ltd

Mangalam Industrial Finance Ltd

₹ 4.60 -1.71%
12 Apr 4:01 p.m.
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

  • Market Cap 499 Cr.
  • Current Price 4.60
  • 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

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 17.3 times its book value
  • Company has low interest coverage ratio.
  • 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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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: -1%
5 Years: 66%
3 Years: 80%
1 Year: 71%
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
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
26.54% 52.54% 52.54% 74.54% 74.54% 74.54% 74.54% 74.54% 73.66% 73.66% 70.15% 70.15%
73.46% 47.46% 47.46% 25.46% 25.46% 25.46% 25.46% 25.47% 26.34% 26.35% 29.84% 29.85%
No. of Shareholders 3,7673,9526,89432,75757,91459,19762,61960,08361,32263,05571,57682,548

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