Mangal Credit and Fincorp Ltd - Stock Valuation and Financial Performance

BSE: 505850 | NSE: | Finance - NBFC | Small Cap

Mangal Credit & Fin Share Price

110.40 0.90 0.82%
as on 28-Mar'24 15:05

DeciZen - make an informed investing decision on Mangal Credit & Fin

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Mangal Credit and Fincorp stock performance -

mw4me loader
P/E Ratio (SA):
21.16
Market Cap:
214.2 Cr.
52-wk low:
90
52-wk high:
127

Is Mangal Credit and Fincorp Ltd an attractive stock to invest in?

1. Is Mangal Credit and Fincorp Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mangal Credit and Fincorp Ltd is a below average quality company.

2. Is Mangal Credit and Fincorp Ltd undervalued or overvalued?

The key valuation ratios of Mangal Credit and Fincorp Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Mangal Credit and Fincorp Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mangal Credit and Fincorp Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mangal Credit & Fin:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mangal Credit and Fincorp Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)11.111.76.68.39.58.98.911.314.621.230
YoY Gr. Rt. %-5.2%-43.1%24.7%14.4%-6.1%-0.2%27.5%29.3%44.8%-
Adj EPS (₹ ) 11.10.71.72.43.15.633.24.15.2
YoY Gr. Rt. %-6.8%-37.3%143.5%41.1%31.2%79.1%-46.9%6.4%30.2%-
BVPS (₹ )35.836.837.33941.54449.151.754.85861.6
YoY Gr. Rt. %-2.8%1.5%4.5%6.4%6.2%11.6%5.2%6.2%5.7%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)0.80.71.33.35.16.711.15.24.84.70

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income7.5%17.5%33.6%44.8%
Adj EPS16.6%11.6%-9.7%30.2%
BVPS5.5%6.9%5.7%5.7%
Share Price 11.4% 16.1% 23.1% 14.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)7.9816.532.648.467.6121.450.541.637.433.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)3.932.44.46.47.3125.95.97.38.4

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.70%

Total Income has increased 33.64 CAGR in last 3 years

Total income growth is good in last 4 quarters

Net Profit has declined -9.71 CAGR in last 3 years

Latest Financials - Mangal Credit and Fincorp Ltd.

Standalone Consolidated
TTM EPS (₹) 5.2 3.7
TTM Sales (₹ Cr.) 30.3 99.2
BVPS (₹.) 61.6 0
Reserves (₹ Cr.) 101 78
P/BV 1.78 0.00
PE 21.16 29.89
From the Market
52 Week Low / High (₹) 90.00 / 127.00
All Time Low / High (₹) 0.00 / 229.17
Market Cap (₹ Cr.) 214
Equity (₹ Cr.) 19.6
Face Value (₹) 10
Industry PE 30.6

Management X-Ray of Mangal Credit & Fin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Mangal Credit & Fin

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income121699101116111521
Interest Income111278999111521
Other Income 1421027000
Expenditure 1114854333610
Interest Expense 7941210124
Operating Expenses 3531222236
Provisions 1002001011
Exceptional Items 0000000000
Profit Before Tax 111468148911
Taxes 0001223233
Profit After Tax 11135611668
Adjusted EPS (₹)1.01.10.71.72.43.15.63.03.24.1
Dividend Payout Ratio (%)32%8%0%15%21%16%9%17%16%12%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital30315963808595100106112
Share Capital 111616191919191919
Reserves 29304347616676808793
Minority Interest0000000000
Long Term Borrowings0000000007
Current Liabilities 1435914229410173284
Trade Payables2000000000
Short term borrowings12746318826132879
Other Liabilities-130-462-13-8-2-7-14-29-79
Total Liabilities 1739077898989104117138203

Assets

Non Current Asset 41302019352817303231
Loan Asset 0000000000
Other Non Current Asset 41302019352817303231
Current Asset 13260587055618786106171
Current Investment0000000000
Other Current Asset13260587055618786106171
Total Assets 1739077898989104117138203

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -60480-8152-9-5-11-42
Cash Flow From Investing Activity -5136100-1567-100
Cash Flow From Financing Activity 110-81-128-1-8351252
Net Cash Flow -13-30-101-1110
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)6712036334
DPS (₹)2100011111
BVPS (₹)215221373944449525558

Performance Ratios

ROA (%)0.80.71.33.35.16.711.15.24.84.7
ROE (%)3.93.02.44.46.47.312.05.95.97.3
ROCE (%)8.78.97.87.19.510.114.68.28.59.3

Valuation Parameters

Price/Book(x)1.10.81.31.30.91.20.71.21.81.7

Mangal Credit and Fincorp Ltd Stock News

Mangal Credit and Fincorp Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mangal Credit & Fin on 28-Mar-2024 15:05 is ₹110.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 15:05 the market cap of Mangal Credit & Fin stood at ₹214.2.
The latest P/E ratio of Mangal Credit & Fin as of 28-Mar-2024 15:05 is 21.16.
The latest P/B ratio of Mangal Credit & Fin as of 28-Mar-2024 15:05 is 1.78.
The 52-week high of Mangal Credit & Fin is ₹127.0 and the 52-week low is ₹90.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangal Credit & Fin is ₹30.27 ( Cr.) .

About Mangal Credit and Fincorp Ltd

Tak Machinery and Leasing company is engaged in the financing and investment activities in India. It also involves in the production and trade of cranes, hoists, and spares. The company provides electric and pneumatic hoists, and cranes. Tak Machinery and Leasing is based in Mumbai, India.

Milestones:

  • 1961 - The Company was incorporated at Mumbai.  The main object of the Company is to manufacture wide range of lifting & hoisting equipments. The main items to be manufactured electric overhead travelling cranes, hoist, bucket elevators, screw conveyors, flat conveyors, etc.  In addition, the Company is engaged in structural fabrication work, production of gray iron castings & leasing equipment.
  • 1962 - The Company entered into a ten-years technical collaboration agreement with Fellows Brothers, Ltd., of England for manufacture of electric hoists and chain pulley blacks. Technical Collaboration Agreement was also finalised with Naylor Brothers, of U.K., for manufacture of conveying equipment and martonair, Ltd., of U.K., for manufacture of air hoists.
  • 1963 - 25,500 of shares were reserved for directors & their relatives and 24,500 shares were offered for public subscription.
  • 1965  - A technical collaboration agreement was concluded with Ursvikens Nekanisks Verkstads AB, Sweden, for the manufacture of press brakes and another collaboration agreement with Nuquip, Ltd., of U.K., for the manufacture of airline equipment like filters, lubricators, pressure regulators and automatic drain valves. - 336 No. of Equity shares forfeited for non-payment of calls.
  • 1966  - 105 No. of Equity shares reissued out of the forfeited shares. Another, 10 No. of Equity shares reissued out of the forfeited shares.
  • 1971 - 5 No. of Equity shares reissued out of the forfeited shares.
  • 1973  - The Government approved the collaboration agreement entered into by the Company with Fellows Stringer, Ltd., England, for the manufacture of flameproof electric hoists.  In order to meet the needs of the expansion, a new plant was being set up at Vatwa near Ahmedabad.
  • 1979  - A part of the plant and machinery at Ambernath was disposed of. Following the closure of Ambernath plant, operations at Vatwa plant was stepped up to meet the requirements of the order book.
  • 1982  - There was marginal decline in sales turnover.
  • 1983  - The production was adversely affected due to labour unrest, strike and go-slow for a period of about two months.  Sales also suffered a substantial decline on account of continued demand recession.  
  • 1991 - However, the working of the manufacturing division was affected adversely on account of cost escalation and intensified competition from small scale sector. - 19,914 Rights Equity shares of Rs 100 offered (premium Rs 50, prop. 2:5 all were taken up).  Another 996 No. of Equity shares of Rs.100 (premium Rs.50) issued to employees on equitable basis.
  • 1992  - The performance of the manufacturing division continued to decline due to demand recession on one hand and the escalating input costs on the other.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.