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Unlisted Shares

Midland Microfin Essentials

As of July 27, 2024, Midland Microfin, Unlisted Shares are trading at ₹198.00 per share, with a 52-week high of ₹216 and 52-week low of ₹144. The minimun lot size is 1050 shares, and the shares are traded on NSDL and CDSL.

ISIN

INE884Q01015

Face Value

₹ 10

Total Share

4,55,70,162

Total Income

₹ 175.19 undefined

Profit After Tax

₹ ****

EPS

₹ ****

P/E

****

P/B

****

Market Capitalisation

₹ 902.29 Cr

Enterprise Value

₹ ****

Book Value

₹ 67.85

Intrinsic Value

₹ ****

Dividend Yield

0.35 %

Earnings Yield

5.19 %

Sector

Financials

Sub-sector

Consumer Finance

Category

Small Cap

Cashflow - Operations

-₹ 388.21

Cashflow - Financing

346.94

AUM

₹ 1,939 undefined

AUM Growth

₹ 0.7 %

Midland Microfin Growth

Compounded Sales Growth

1 Year

3 Year

4 Year

Compounded Profit Growth

1 Year

3 Year

4 Year

Highlights

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Robust revenue growth:- The company recorded significant total revenue growth of 64.3% in FY23 from Rs 107 Cr in FY22 to Rs 175 Cr in FY23

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Improved Asset Quality:- The asset quality of the company has improved in FY23 which is reflected in the decline (improvement) of Non-Net Performing Assets from 4.6% in FY22 to 2.8% in FY23

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Adequately Liquid:- The capital adequacy ratio (CAR) of the company is way above the RBI's regulatory requirement of 15.0%. In FY23, the CAR of the company stands at 28.4%  

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Significant Loan Growth:- The loan book of the company has been constantly growing. In FY23 the loan book of the company has shown a growth of 47.7% from Rs 1,035 Cr in FY22 to Rs 1,529 Cr in FY23

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Backed by Institutional Investor:- The company is backed by financial institution like ICICI Bank which holds 10.0% in the company

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Investment Thesis:- The company is operating well and experiencing growth, but its valuation is fair in the unlisted sector at a P/B multiple of 3. Comparable listed companies with similar growth and operations trade at a P/B multiple of 4. With a book value per share of Rs 68 and a P/B multiple of 3, the fair share price is Rs 204, slightly above the current market price of Rs 198. In the unlisted space, the company trades at a P/E multiple of 19, compared to listed peers at a P/E multiple of 13, indicating inflated valuation and that's why the investors holding it should hold the stock

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

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Mr. Sachin Nithyanand Kamath

( Nominee Director )
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Ms. Kamna Raj Aggarwalla

( Independent Woman Director )

Quantity

Invest

, Min. Investment: ₹