Manipal Finance Corporation Ltd

Manipal Finance Corporation Ltd

₹ 6.19 4.92%
13 Nov - close price
About

Incorporated in 1984, Manipal Finance Corporation Ltd. is engaged in Hire Purchase, Lease Financing to general public.

Key Points

Registration:[1]
Company is a Non-Banking Financial Company registered with Reserve Bank of India. However, Reserve Bank of India cancelled the registration of company and stopped its activities of accepting deposits from public/ debentures/ extending loans, subordinated debts, hire purchase and leasing activities.

  • Market Cap 5.19 Cr.
  • Current Price 6.19
  • High / Low 6.61 / 5.00
  • Stock P/E
  • Book Value -17.9
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -30.9% over past five years.
  • Promoter holding is low: 34.3%

* 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

Figures in Rs. Crores

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
0.06 0.09 0.05 0.02 0.06 0.07 0.04 0.04 0.04 0.08 0.04 0.04 0.08
0.12 0.08 0.07 0.13 0.07 0.04 0.06 0.04 0.08 0.06 0.10 0.07 0.05
Operating Profit -0.06 0.01 -0.02 -0.11 -0.01 0.03 -0.02 0.00 -0.04 0.02 -0.06 -0.03 0.03
OPM % -100.00% 11.11% -40.00% -550.00% -16.67% 42.86% -50.00% 0.00% -100.00% 25.00% -150.00% -75.00% 37.50%
0.53 0.06 1.00 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.15 0.00 0.00
Interest 0.00 0.00 1.19 0.03 0.03 0.07 0.03 0.04 0.06 0.05 0.04 0.04 0.05
Depreciation 0.01 0.01 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 0.46 0.06 -0.21 -0.06 -0.04 -0.04 -0.05 -0.04 -0.10 -0.03 0.05 -0.07 -0.02
Tax % 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%
0.46 0.06 -0.21 -0.06 -0.03 -0.04 -0.05 -0.04 -0.10 -0.04 0.04 -0.08 -0.02
EPS in Rs 0.55 0.07 -0.25 -0.07 -0.04 -0.05 -0.06 -0.05 -0.12 -0.05 0.05 -0.10 -0.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
0.08 0.05 0.04 0.17 1.13 0.08 0.19 0.27 0.30 0.26 0.20 0.03 0.24
0.18 0.18 0.20 0.24 0.46 0.26 0.28 0.42 0.25 0.28 0.29 0.29 0.28
Operating Profit -0.10 -0.13 -0.16 -0.07 0.67 -0.18 -0.09 -0.15 0.05 -0.02 -0.09 -0.26 -0.04
OPM % -125.00% -260.00% -400.00% -41.18% 59.29% -225.00% -47.37% -55.56% 16.67% -7.69% -45.00% -866.67% -16.67%
-0.13 0.49 0.52 1.11 0.71 2.16 1.06 7.03 0.84 1.84 0.09 0.33 0.15
Interest 0.00 0.00 0.05 0.04 0.05 0.30 0.06 0.14 0.01 1.20 0.17 0.19 0.18
Depreciation 0.10 0.10 0.17 0.15 0.07 0.07 0.07 0.06 0.05 0.04 0.02 0.02 0.00
Profit before tax -0.33 0.26 0.14 0.85 1.26 1.61 0.84 6.68 0.83 0.58 -0.19 -0.14 -0.07
Tax % 0.00% 11.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.32 0.22 0.14 0.85 1.27 1.62 0.84 6.68 0.83 0.58 -0.19 -0.14 -0.10
EPS in Rs -0.38 0.26 0.17 1.01 1.52 1.93 1.00 7.97 0.99 0.69 -0.23 -0.17 -0.12
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: -5%
5 Years: -31%
3 Years: -54%
TTM: 26%
Compounded Profit Growth
10 Years: -7%
5 Years: -22%
3 Years: %
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 2%
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

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 8.38 8.38 8.38 8.38 8.38 8.38 8.38 8.38 8.38 8.38 8.38 8.38 8.38
Reserves -39.24 -38.89 -38.58 -36.99 -38.22 -35.39 -34.02 -26.60 -24.75 -22.97 -23.16 -23.30 -23.40
2.95 2.95 2.95 2.95 2.95 2.95 2.95 2.95 2.95 4.23 4.23 4.51 4.50
34.39 33.94 33.43 31.63 29.32 26.53 25.00 17.50 17.53 12.26 12.20 12.05 12.16
Total Liabilities 6.48 6.38 6.18 5.97 2.43 2.47 2.31 2.23 4.11 1.90 1.65 1.64 1.64
5.14 5.02 4.79 4.63 1.28 1.21 1.15 0.90 0.85 0.81 0.79 0.77 0.77
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 0.16 0.00 0.00 0.00 0.69 0.69 0.69 0.69 0.69 0.69 0.69 0.69 0.69
1.18 1.36 1.39 1.34 0.46 0.57 0.47 0.64 2.57 0.40 0.17 0.18 0.18
Total Assets 6.48 6.38 6.18 5.97 2.43 2.47 2.31 2.23 4.11 1.90 1.65 1.64 1.64

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0.10 0.24 0.18 0.79 1.00 2.25 1.44 2.55 3.28 -0.19 -0.22 -0.32
0.36 -0.01 0.07 0.16 0.03 0.17 0.05 5.25 -2.03 2.37 0.04 0.03
-0.39 -0.21 -0.27 -0.93 -0.98 -2.30 -1.50 -7.66 -1.54 -2.02 0.00 0.28
Net Cash Flow -0.13 0.02 -0.02 0.02 0.05 0.12 -0.01 0.14 -0.29 0.16 -0.18 0.00

Ratios

Figures in Rs. Crores

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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days 15.87
Days Payable 0.00
Cash Conversion Cycle 0.00 0.00 0.00 0.00 15.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days -128,388.75 -202,575.00 -247,743.75 -54,406.47 -7,745.75 -96,131.88 -47,718.95 -23,387.04 -20,999.67 -16,930.38 -21,991.25 -144,783.33
ROCE %

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
34.29% 34.29% 34.29% 34.30% 34.30% 34.30% 34.30% 34.30% 34.30% 34.30% 34.30% 34.30%
65.71% 65.71% 65.71% 65.71% 65.71% 65.71% 65.71% 65.71% 65.71% 65.71% 65.71% 65.71%
No. of Shareholders 10,76610,64310,63710,62410,61810,61510,61410,61110,61010,61110,60210,605

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