Mangal Credit & Fincorp Ltd

₹ 148 -1.36%

11 Dec 4:00 p.m.

mangalfincorp.com BSE: 505850 NSE: MANCREDIT

About

Incorporated in 2012, Mangal Credit & Fincorp Ltd provides various type of loans^[1]

Key Points

Business Overview:^[1]^[2]
MCFL is registered as a Non-Systematically Important Non-Deposit Taking NBFC. It has 6 branches in Maharashtra, 2 branches in Gujarat with 1 in Surat and 1 in Rajkot.

Website BSE NSE

Market Cap ₹ 288 Cr.
Current Price ₹ 148
High / Low ₹ 169 / 99.8
Stock P/E 23.2
Book Value ₹ 68.6
Dividend Yield 0.40 %
ROCE 10.3 %
ROE 8.82 %
Face Value ₹ 10.0

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Pros

Company is expected to give good quarter

Cons

Company has a low return on equity of 7.40% over last 3 years.
Promoter holding has decreased over last 3 years: -10.2%

* 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

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	3.02	3.65	5.01	3.88	4.84	5.85	6.61	7.49	7.60	8.68	9.43	11.87	11.66
	0.75	0.95	1.67	0.93	1.18	1.44	1.97	1.88	1.65	2.25	2.97	2.42	2.66
Operating Profit	2.27	2.70	3.34	2.95	3.66	4.41	4.64	5.61	5.95	6.43	6.46	9.45	9.00
OPM %	75.17%	73.97%	66.67%	76.03%	75.62%	75.38%	70.20%	74.90%	78.29%	74.08%	68.50%	79.61%	77.19%
	0.04	0.04	0.04	0.05	0.05	0.09	0.03	0.07	0.01	0.00	0.00	0.00	0.00
Interest	0.35	0.51	0.59	0.71	0.85	1.42	1.60	2.18	2.22	2.34	2.75	3.88	4.39
Depreciation	0.10	0.11	0.11	0.10	0.13	0.13	0.17	0.16	0.17	0.18	0.21	0.25	0.28
Profit before tax	1.86	2.12	2.68	2.19	2.73	2.95	2.90	3.34	3.57	3.91	3.50	5.32	4.33
Tax %	24.73%	26.42%	39.93%	28.31%	25.27%	27.80%	25.17%	26.35%	26.33%	26.85%	26.00%	29.51%	25.40%
	1.40	1.57	1.61	1.57	2.04	2.13	2.17	2.47	2.63	2.86	2.59	3.75	3.22
EPS in Rs	0.72	0.81	0.83	0.81	1.06	1.10	1.12	1.28	1.36	1.48	1.32	1.92	1.65
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	4	11	12	8	9	10	10	16	11	15	21	33	42
	2	3	3	4	3	1	2	2	2	4	6	9	10
Operating Profit	3	8	10	4	6	8	9	14	9	11	16	24	31
OPM %	59%	75%	79%	46%	65%	86%	84%	85%	79%	73%	74%	74%	75%
	0	0	1	3	0	0	0	0	0	0	0	0	0
Interest	1	7	9	4	1	2	1	0	1	2	5	10	13
Depreciation	0	0	1	1	0	0	0	0	0	0	1	1	1
Profit before tax	1	1	1	1	4	6	8	14	8	9	11	14	17
Tax %	20%	19%	33%	19%	34%	27%	24%	21%	30%	30%	27%	26%
	1	1	1	1	3	5	6	11	6	6	8	11	12
EPS in Rs		1.45	1.55	0.69	1.69	2.37	3.11	5.57	2.96	3.15	4.10	5.39	6.37
Dividend Payout %	15%	32%	8%	0%	15%	21%	16%	9%	17%	16%	12%	11%

Compounded Sales Growth
10 Years:	11%
5 Years:	26%
3 Years:	43%
TTM:	51%

Compounded Profit Growth
10 Years:	25%
5 Years:	12%
3 Years:	23%
TTM:	32%

Stock Price CAGR
10 Years:	14%
5 Years:	30%
3 Years:	20%
1 Year:	38%

Return on Equity
10 Years:	7%
5 Years:	8%
3 Years:	7%
Last Year:	9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	0.70	1	1	16	16	19	19	19	19	19	19	20	20
Reserves	15	29	30	48	51	61	66	76	80	87	93	108	115
	20	127	46	3	18	8	2	6	14	29	87	138	172
	4	15	13	11	4	2	2	3	2	2	4	8	10
Total Liabilities	40	173	91	77	89	90	89	104	116	138	203	274	316
	1	2	1	1	2	1	2	1	14	15	15	15	16
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	2	36	26	16	15	32	26	15	15	17	16	14	14
	38	135	63	60	72	57	61	87	86	106	173	244	287
Total Assets	40	173	91	77	89	90	89	104	116	138	203	274	316

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-18	-60	48	-0	-8	15	2	-9	-5	-11	-46	-54
	-2	-51	36	10	0	-15	6	7	-1	-0	-0	-7
	21	110	-81	-12	8	-1	-8	3	5	12	56	56
Net Cash Flow	1	-1	3	-3	0	-1	0	1	-1	1	10	-5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	6	1	0	0	0	0	0	0	0	0	0	0
Inventory Days	795	719
Days Payable	874	887
Cash Conversion Cycle	-74	-168	0	0	0	0	0	0	0	0	0	0
Working Capital Days	2,385	2,904	1,257	2,114	2,737	1,959	137	395	-15	-28	-34	-74
ROCE %	8%	9%	8%	6%	7%	10%	10%	15%	8%	8%	9%	10%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	61.98%	62.36%	63.01%	63.41%	63.53%	55.36%	55.43%	55.46%	50.65%	51.61%	51.70%	51.70%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.64%	0.64%	0.64%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	37.37%	36.99%	36.34%	35.94%	36.46%	44.63%	44.56%	44.53%	49.34%	48.37%	48.28%	48.28%
No. of Shareholders	4,460	4,656	4,479	4,432	4,355	4,293	4,293	4,401	4,267	4,453	4,503	4,676

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	41.32%	49.28%	54.12%	58.24%	61.02%	62.36%	55.36%	51.61%	51.70%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	0.00%	0.00%	0.00%	0.00%	0.26%	0.64%	0.00%	0.00%	0.00%
	58.67%	50.72%	45.87%	41.76%	38.71%	36.99%	44.63%	48.37%	48.28%
No. of Shareholders	3,318	5,822	5,224	4,601	4,468	4,656	4,293	4,453	4,676

* 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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Aug 2021

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May 2021

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Feb 2021

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Nov 2020

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Sep 2020

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Feb 2020

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Dec 2019

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Jun 2019

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Sep 2016

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