Mangal Credit & Fincorp Reports 36.67% PAT Growth Amidst Mixed Market Signals

Mangal Credit & Fincorp, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently reported a series of positive financial metrics. The company has achieved impressive results for nine consecutive quarters, with a profit after tax (PAT) of Rs 6.97 crore, reflecting a robust growth rate of 36.67%.
The firm has also declared its highest dividend per share (DPS) at Rs 0.60, indicating a commitment to returning value to shareholders. Cash and cash equivalents have reached a notable Rs 29.80 crore, showcasing a strong liquidity position.

Despite a long-term return on equity (ROE) averaging 7.38%, Mangal Credit & Fincorp maintains a fair valuation with a price-to-book ratio of 2.1. The stock has demonstrated a premium compared to its historical valuations, generating a return of 33.09% over the past year, while profits have increased by 32.1%.

Additionally, the stock is currently positioned in a mildly bullish range, supported by positive technical indicators. The company has consistently outperformed the BSE 500 index over various time frames, highlighting its competitive market position.