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Mangal Credit & Fincorp Ltd.
(MANCREDIT)
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Rating:54Neutral
Price Target:
₹222.00
▲(23.03% Upside)
Action:Reiterated
Date:09/11/26
The score is driven primarily by financial quality concerns: despite a strong FY2026 step-up in revenue and profitability, cash flow is deeply negative and leverage is elevated, which raises sustainability and funding risk. Technicals add caution with bearish momentum and price below key moving averages, while valuation is relatively supportive due to the moderate P/E and high dividend yield.
Positive Factors
Revenue and Earnings Growth
The sharp FY2026 increase in revenue and net profitability indicates meaningful expansion in lending activity and earnings capacity. If the larger operating scale is maintained, it can strengthen the company’s ability to absorb costs and reinvest in future loan growth.
Negative Factors
Rising Leverage
Rising debt-to-equity shows that asset and loan expansion has relied increasingly on borrowed funds. This debt-heavy structure can reduce resilience if credit conditions tighten, increase financing pressure, and leave less flexibility to absorb weaker portfolio performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Earnings Growth
The sharp FY2026 increase in revenue and net profitability indicates meaningful expansion in lending activity and earnings capacity. If the larger operating scale is maintained, it can strengthen the company’s ability to absorb costs and reinvest in future loan growth.
Read all positive factors
Mangal Credit & Fincorp Ltd. (MANCREDIT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.62B
Dividend Yield0.34%
Average Volume (3M)3.86K
Price to Earnings (P/E)25.7
Beta (1Y)0.38
Revenue Growth48.83%
EPS Growth36.34%
CountryIN
Employees142
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)2.82
Shares Outstanding21,113,985
10 Day Avg. Volume1,641
30 Day Avg. Volume3,862
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.04
Price to Sales (P/S)5.05
P/FCF Ratio-3.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mangal Credit & Fincorp Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Mumbai, India, Mangal Credit and Fincorp Limited operates as an Indian non-banking financial entity. Founded in 1961, the company, which previously traded as Tak Machinery & Leasing Limited until its renaming in June 2013, provide...
How the Company Makes Money
Mangal Credit & Fincorp Ltd. primarily makes money by earning interest income on loans it originates and holds on its balance sheet. Its core revenue stream is the spread between (a) the interest and fees it charges borrowers and (b) its own cost ...
Mangal Credit & Fincorp Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 281.09M | 699.01M | 485.01M |
| Gross Profit | 142.35M | 288.83M | 5.44M |
| EBITDA | 93.11M | 240.96M | 200.04M |
| Net Income | 56.12M | 153.06M | 1.53M |
Balance Sheet | |||
| Total Assets | 4.50B | 5.17B | 3.49B |
| Cash, Cash Equivalents and Short-Term Investments | 777.60M | 523.71M | 3.08M |
| Total Debt | 2.76B | 3.32B | 2.00B |
| Total Liabilities | 2.92B | 3.44B | 2.09B |
| Stockholders Equity | 1.58B | 1.73B | 1.41B |
Cash Flow | |||
| Free Cash Flow | -673.08M | -1.15B | 1.73M |
| Operating Cash Flow | -665.11M | -1.14B | 1.82M |
| Investing Cash Flow | -80.54M | -97.21M | -51.35M |
| Financing Cash Flow | 1.14B | 1.39B | 600.19M |
Mangal Credit & Fincorp Ltd. Technical Analysis
Positive
180.45
Price Trends
227.88
Negative
218.67
Positive
193.20
Positive
Market Momentum
-2.00
Negative
48.14
Neutral
41.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANCREDIT, the sentiment is Positive. The current price of 180.45 is below the 20-day moving average (MA) of 221.73, below the 50-day MA of 227.88, and below the 200-day MA of 193.20, indicating a neutral trend. The MACD of -2.00 indicates Negative momentum. The RSI at 48.14 is Neutral, neither overbought nor oversold. The STOCH value of 41.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANCREDIT.
Mangal Credit & Fincorp Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹6.86B | 14.08 | ― | 0.92% | 30.68% | 15.32% | |
68 Neutral | ₹3.34B | 7.63 | ― | ― | 40.31% | 29.34% | |
68 Neutral | ₹4.81B | 5.49 | ― | 1.42% | 19.69% | 15.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹3.58B | 15.02 | ― | 3.66% | 23.27% | -20.85% | |
54 Neutral | ₹4.62B | 25.70 | ― | 0.34% | 48.83% | 36.34% | |
40 Underperform | ₹3.57B | 215.06 | ― | ― | 5.87% | ― |
* General Sector Average
IN:MANCREDIT
Mangal Credit & Fincorp Ltd.
221.80
40.03
22.02%
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Mangal Credit & Fincorp Ltd. Corporate Events
Mangal Credit & Fincorp Publishes Q1 FY27 Unaudited Results in Newspapers
Aug 8, 2026
Mangal Credit Fincorp Ltd. has submitted copies of newspaper clippings that publish extracts of its unaudited financial results for the quarter ended June 30, 2026. The disclosures appeared in News Hub and Pratahkal Marathi on August 8, 2026 and ...
Mangal Credit & Fincorp Raises ₹20 Crore via Secured NCD Issue
Jun 23, 2026
Mangal Credit Fincorp Ltd. has allotted 2,000 senior, secured, listed, redeemable non-convertible debentures via private placement, each with a face value of ₹1,00,000 and issued at a discount, raising a total of ₹20 crore to support ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.