BSE:505850

Stock Analysis Report

Executive Summary

Mangal Credit and Fincorp Limited operates as a non-banking financial company in India.

Snowflake

Fundamentals

Adequate balance sheet second-rate dividend payer.

Risks

  • Mangal Credit and Fincorp has significant price volatility in the past 3 months.
  • Mangal Credit and Fincorp is not covered by any analysts.

Share Price & News

How has Mangal Credit and Fincorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.2%

BSE:505850

-3.6%

IN Consumer Finance

-2.1%

IN Market


1 Year Return

-23.5%

BSE:505850

-3.2%

IN Consumer Finance

-14.7%

IN Market

505850 underperformed the Consumer Finance industry which returned -3.1% over the past year.

505850 underperformed the Market in India which returned -14.6% over the past year.


Share holder returns

505850IndustryMarket
7 Day-7.2%-3.6%-2.1%
30 Day-10.3%1.9%-3.9%
90 Day-20.6%-10.2%-10.1%
1 Year-22.8%-23.5%-2.5%-3.2%-12.9%-14.7%
3 Year-9.6%-21.6%59.3%56.0%17.7%11.5%
5 Year36.5%17.9%233.9%218.2%35.4%22.5%

Price Volatility Vs. Market

How volatile is Mangal Credit and Fincorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mangal Credit and Fincorp undervalued based on future cash flows and its price relative to the stock market?

12.01x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Mangal Credit and Fincorp to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Mangal Credit and Fincorp to establish if it is available at substantial discount.


Price Based on Earnings

Mangal Credit and Fincorp is good value based on earnings compared to the IN Consumer Finance industry average.

Mangal Credit and Fincorp is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Mangal Credit and Fincorp, we can't assess if its growth is good value.


Price Based on Value of Assets

Mangal Credit and Fincorp is overvalued based on assets compared to the IN Consumer Finance industry average.


Next Steps

Future Growth

How is Mangal Credit and Fincorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Mangal Credit and Fincorp is high growth as no revenue estimate data is available.

Mangal Credit and Fincorp's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).

Unable to compare Mangal Credit and Fincorp's revenue growth to the India market average as no estimate data is available.

Mangal Credit and Fincorp's earnings growth is positive but not above the India market average.

Mangal Credit and Fincorp's earnings growth is positive but not above the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Mangal Credit and Fincorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Mangal Credit and Fincorp performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Mangal Credit and Fincorp has delivered over 20% year on year earnings growth in the past 5 years.

Mangal Credit and Fincorp's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Mangal Credit and Fincorp's 1-year earnings growth is negative, it can't be compared to the IN Consumer Finance industry average.


Return on Equity

Mangal Credit and Fincorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Mangal Credit and Fincorp used its assets more efficiently than the IN Consumer Finance industry average last year based on Return on Assets.


Return on Capital Employed

Mangal Credit and Fincorp's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Mangal Credit and Fincorp's financial position?


Financial Position Analysis

Mangal Credit and Fincorp is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Mangal Credit and Fincorp's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Mangal Credit and Fincorp's level of debt (69.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (475.8% vs 69.1% today).

Debt is well covered by operating cash flow (44.7%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2x debt.


Next Steps

Dividend

What is Mangal Credit and Fincorp's current dividend yield, its reliability and sustainability?

1.12%

Current Dividend Yield


Dividend Yield and Payments Analysis

Mangal Credit and Fincorp's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.65%).

Mangal Credit and Fincorp's dividend is below the markets top 25% of dividend payers in India (2.64%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (7.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Mangal Credit and Fincorp's salary, the management and board of directors tenure and is there insider trading?

1.1yrs

Average management tenure


CEO

Meghraj Jain (49yo)

0.5yrs

Tenure

₹720,000

Compensation

Mr. Meghraj Sohanlal Jain serves as the Chairperson and Managing Director of Mangal Credit and Fincorp Limited. Mr. Jain has been an Executive Director of Mangal Credit and Fincorp Limited since August 14, ...


CEO Compensation Analysis

Meghraj's remuneration is lower than average for companies of similar size in India.

Meghraj's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.1yrs

Average Tenure

44yo

Average Age

The average tenure for the Mangal Credit and Fincorp management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.1yrs

Average Tenure

49yo

Average Age

The average tenure for the Mangal Credit and Fincorp board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Mangal Credit and Fincorp individual insiders in the past 3 months.


Recent Insider Transactions

Buy₹254,52210 Jun 19
Ajitkumar Jain
EntityIndividual
Shares4,447
Max Price₹57.23
Buy₹906,75023 Apr 19
Meghraj Jain
EntityIndividual
Role
Chief Executive Officer
Chairman & MD
Shares15,000
Max Price₹60.45
Buy₹19,29107 Mar 19
Meghraj Jain
EntityIndividual
Role
Chief Executive Officer
Chairman & MD
Shares410
Max Price₹47.05
Buy₹1,985,59930 Jan 19
Ajitkumar Jain
EntityIndividual
Shares40,000
Max Price₹49.64
Buy₹1,012,99925 Jan 19
Ajitkumar Jain
EntityIndividual
Shares20,000
Max Price₹50.65
Buy₹1,126,34318 Jan 19
Ajitkumar Jain
EntityIndividual
Shares21,300
Max Price₹52.88
Buy₹1,586,69917 Jan 19
Ajitkumar Jain
EntityIndividual
Shares30,000
Max Price₹52.89
Buy₹1,056,60015 Jan 19
Ajitkumar Jain
EntityIndividual
Shares20,000
Max Price₹52.83
Buy₹2,092,35409 Jan 19
Ajitkumar Jain
EntityIndividual
Shares39,500
Max Price₹52.97
Buy₹980,99531 Oct 18
Meghraj Jain
EntityIndividual
Role
Chief Executive Officer
Chairman & MD
Shares18,000
Max Price₹54.50
Buy₹1,467,48719 Sep 18
Meghraj Jain
EntityIndividual
Role
Chief Executive Officer
Chairman & MD
Shares25,000
Max Price₹58.70

Ownership Breakdown


Management Team

  • Sandeep Maloo (44yo)

    Executive Director

    • Tenure: 8.4yrs
    • Compensation: ₹720.00k
  • Meghraj Jain (49yo)

    Chairman & MD

    • Tenure: 0.5yrs
    • Compensation: ₹720.00k
  • Naval Maniyar (31yo)

    CFO & Executive Director

    • Tenure: 1.3yrs
  • Supriya Agarwal

    Company Secretary & Compliance officer

    • Tenure: 1.1yrs

Board Members

  • Sandeep Maloo (44yo)

    Executive Director

    • Tenure: 8.4yrs
    • Compensation: ₹720.00k
  • Meghraj Jain (49yo)

    Chairman & MD

    • Tenure: 0.5yrs
    • Compensation: ₹720.00k
  • Nirupama Dattatray (54yo)

    Independent Non Executive Woman Director

    • Tenure: 4.3yrs
  • Naval Maniyar (31yo)

    CFO & Executive Director

    • Tenure: 1.3yrs
  • Srichand Gerela (81yo)

    Non-Executive Director

    • Tenure: 1.2yrs
  • Abhishek Jain (38yo)

    Independent Director

    • Tenure: 1.1yrs
  • Ramanathan Annamalai (71yo)

    Independent Director

    • Tenure: 1.1yrs
  • Subramanyam Ganesh

    Additional Independent Director

    • Tenure: 0.8yrs
  • Nirupama Pendukar

    Independent Director

    • Tenure: 0.1yrs

Company Information

Mangal Credit and Fincorp Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mangal Credit and Fincorp Limited
  • Ticker: 505850
  • Exchange: BSE
  • Founded: 1961
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹860.438m
  • Shares outstanding: 19.31m
  • Website: https://www.mangalfincorp.com

Location

  • Mangal Credit and Fincorp Limited
  • A-1701-1702, Lotus Corporate Park
  • 17th Floor
  • Mumbai
  • Maharashtra
  • 400063
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505850BSE (Mumbai Stock Exchange)YesEquity SharesININROct 1996
505850BSE (Mumbai Stock Exchange)INR10(POST CONS)INIDRDec 2018

Biography

Mangal Credit and Fincorp Limited operates as a non-banking financial company in India. It offers loans and credit facilities, and private educational funding, as well as trades in money market underwritin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 12:42
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.