Mangal Credit & Fincorp Ltd

₹ 219 4.33%

27 Oct 3:14 p.m.

mangalfincorp.com BSE: 505850 NSE: MANCREDIT

About

Mangal Credit and Fincorp Ltd is an RBI-registered, non-deposit-taking Base Layer
NBFC that lends to individuals, self-employed borrowers and small businesses through gold loans, MSME/business loans, loans against property and personal loans. It operates through branches in Maharashtra, Gujarat and Rajasthan. ^[1]

Key Points

Business Overview:^[1]^[2]
MCFL is registered as a Non-Systematically Important Non-Deposit Taking NBFC. In FY26,
its network increased to ~30 branches:
~19 in Maharashtra, ~5 in Gujarat and ~6 in Rajasthan, including 6 additions. The company's technology includes a customer app and the DIGIRINN loan-origination and management platform with CRM integration.^[3]^[4]

Website BSE NSE

Market Cap ₹ 463 Cr.
Current Price ₹ 219
High / Low ₹ 287 / 152
Stock P/E 25.7
Book Value ₹ 81.8
Dividend Yield 0.34 %
ROCE 12.5 %
ROE 9.77 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter
Company has delivered good profit growth of 21.8% CAGR over last 5 years

Cons

Stock is trading at 2.64 times its book value
Company has low interest coverage ratio.
Company has a low return on equity of 9.55% 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)

Part of BSE Financial Services

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	7.49	7.60	8.68	9.43	11.87	11.66	12.68	13.37	14.47	15.82	18.31	21.30	22.16
Interest	2.18	2.22	2.34	2.75	3.88	4.39	4.76	5.37	6.42	6.95	8.55	9.44	10.02
	1.88	1.65	2.25	2.97	2.42	2.66	2.86	3.47	3.65	4.33	4.12	3.97	3.98
Financing Profit	3.43	3.73	4.09	3.71	5.57	4.61	5.06	4.53	4.40	4.54	5.64	7.89	8.16
Financing Margin %	45.79%	49.08%	47.12%	39.34%	46.93%	39.54%	39.91%	33.88%	30.41%	28.70%	30.80%	37.04%	36.82%
	0.07	0.01	-0.00	-0.00	-0.00	-0.00	-0.00	-0.33	-0.00	0.03	0.03	0.01	-0.00
Depreciation	0.16	0.17	0.18	0.21	0.25	0.28	0.32	0.38	0.31	0.44	0.46	0.47	0.49
Profit before tax	3.34	3.57	3.91	3.50	5.32	4.33	4.74	3.82	4.09	4.13	5.21	7.43	7.67
Tax %	26.35%	26.33%	26.85%	26.00%	29.51%	25.40%	26.58%	31.41%	26.41%	27.60%	26.68%	26.24%	25.81%
	2.47	2.63	2.86	2.59	3.75	3.22	3.48	2.62	3.00	2.98	3.83	5.48	5.69
EPS in Rs	1.28	1.36	1.48	1.32	1.92	1.65	1.78	1.34	1.53	1.41	1.81	2.60	2.69
Gross NPA %										1.27%	1.31%
Net NPA %										0.69%	0.75%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	12	8	9	10	10	16	11	15	21	33	50	70	78
Interest	9	4	1	2	1	0	1	2	5	10	18	32	35
	3	4	3	1	2	2	2	4	6	9	11	16	16
Financing Profit	1	-1	4	6	8	14	8	9	11	15	20	23	26
Financing Margin %	6%	-9%	51%	66%	76%	84%	74%	61%	53%	45%	40%	32%	34%
	1	3	0	-0	0	0	0	0	0	0	-0	-0	0
Depreciation	1	1	0	0	0	0	0	0	1	1	1	2	2
Profit before tax	1	1	4	6	8	14	8	9	11	14	18	21	24
Tax %	33%	19%	34%	27%	24%	21%	30%	30%	27%	26%	28%	27%
	1	1	3	5	6	11	6	6	8	11	13	15	18
EPS in Rs	1.55	0.69	1.69	2.37	3.11	5.57	2.96	3.15	4.10	5.39	6.68	7.25	8.51
Dividend Payout %	8%	-0%	15%	21%	16%	9%	17%	16%	12%	11%	11%	10%

Compounded Sales Growth
10 Years:	24%
5 Years:	44%
3 Years:	49%
TTM:	49%

Compounded Profit Growth
10 Years:	41%
5 Years:	22%
3 Years:	25%
TTM:	43%

Stock Price CAGR
10 Years:	10%
5 Years:	19%
3 Years:	28%
1 Year:	17%

Return on Equity
10 Years:	8%
5 Years:	9%
3 Years:	10%
Last Year:	10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	1	16	16	19	19	19	19	19	19	20	20	21
Reserves	30	48	51	61	66	76	80	87	93	108	121	152
Borrowing	46	3	18	8	2	6	14	29	87	138	200	332
	13	11	4	2	2	3	2	2	4	8	8	12
Total Liabilities	91	77	89	90	89	104	116	138	203	274	349	517
	1	1	2	1	2	1	14	15	15	15	15	18
CWIP	-0	-0	-0	-0	-0	-0	-0	-0	0	0	0	0
Investments	26	16	15	32	26	15	15	17	16	14	14	20
	63	60	72	57	61	87	86	106	173	244	320	479
Total Assets	91	77	89	90	89	104	116	138	203	274	349	517

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	-0	-8	15	2	-9	-5	-11	-46	-54	-49	-114
	36	10	0	-15	6	7	-1	-0	-0	-7	-5	-10
	-81	-12	8	-1	-8	3	5	12	56	56	60	139
Net Cash Flow	3	-3	0	-1	0	1	-1	1	10	-5	6	15
Free Cash Flow	48	-1	-8	15	2	-10	-5	-11	-46	-54	-50	-115

Ratios

Standalone / View Consolidated

	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 %	1%	1%	4%	6%	7%	12%	6%	6%	7%	9%	10%	10%

Insights

In beta

Mar 2016

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Assets Under Management (AUM)
INR crore

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
				xxx	xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
				x,xxx	x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
					x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
					x,xxx	x,xxx	x,xxx	x,xxx	xx,xxx	xx,xxx
					x,xxx	x,xxx	x,xxx	x,xxx	xx,xxx	xx,xxx
						xx		xx	xx	xx

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Active Loan Accounts
count

Total Disbursements
INR lakh

90+ DPD (Asset Quality)
%

Gold Loan AUM
INR lakh

MSME/Business Loan AUM
INR lakh

Number of Branches
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	50.65%	51.61%	51.70%	51.70%	51.70%	51.70%	51.70%	55.25%	55.25%	55.25%	55.25%	55.25%
	0.00%	0.00%	0.00%	0.00%	0.08%	0.00%	0.15%	0.01%	0.05%	0.00%	0.12%	0.27%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.11%	0.10%	0.01%	0.01%
	49.34%	48.37%	48.28%	48.28%	48.19%	48.28%	48.13%	44.73%	44.59%	44.65%	44.62%	44.48%
No. of Shareholders	4,267	4,453	4,503	4,676	3,491	3,472	3,423	3,402	3,329	3,226	3,331	3,512

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	41.32%	49.28%	54.12%	58.24%	61.02%	62.36%	55.36%	51.61%	51.70%	55.25%	55.25%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.10%	0.01%
	0.00%	0.00%	0.00%	0.00%	0.26%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%
	58.67%	50.72%	45.87%	41.76%	38.71%	36.99%	44.63%	48.37%	48.28%	44.65%	44.48%
No. of Shareholders	3,318	5,822	5,224	4,601	4,468	4,656	4,293	4,453	3,472	3,226	3,512

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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