MANCREDIT

Mangal Credit and Fincorp financials

Market cap
₹464 Cr
Sector
Financial Services

What Mangal Credit and Fincorp Limited does

Mangal Credit and Fincorp Limited (MCFL) is a non-banking financial company headquartered in Mumbai that extends secured and unsecured retail credit, including loans against gold/diamond jewellery, loans against property, MSME/business loans and personal loans. It reaches customers through its own branch network and channel-partner tie-ups, historically concentrated in Maharashtra and now expanding into Gujarat, Rajasthan and West Bengal. The company originates and services these loans directly and has built the 'Mangal App' so customers and distribution partners can apply for and track Gold Loans, SME Loans and Loans Against Property digitally. It is also piloting new products such as Electric Vehicle (EV) Financing and an Affordable LAP variant.

Segments

  • Gold Loans
  • MSME / Business Loans
  • Loans Against Property (LAP)
  • Personal Loans
Branch network
25 branches
States of operation
4 (Maharashtra, Gujarat, Rajasthan, West Bengal)
Total employees
124
Customer base
3,856
Active loan accounts
7,758
Loan product lines
4 (Gold Loan, MSME/Business Loan, LAP, Personal Loan)
Founded 2012Headquarters Mumbai, MaharashtraEmployees 124 (FY25) Company website

Quarterly results

Q1 FY27: revenue up 53.1%, net profit up 89.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue12 13 13 14 16 +36%18 +44%21 +59%22 +53%
EBITDA9 10 10 11 11 +28%— — —
Net profit3 3 3 3 3 −7%4 +10%5 +109%6 +90%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +18.5% 1Y

₹160₹180₹200₹220₹240₹260Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹185.63 on 10 Sept 2025 → ₹219.9. High ₹257.36 (3 Aug 2026), low ₹157.48 (11 Feb 2026).

Financials, as filed

Revenue fell 13.8% a year over 4 years, FY19 to FY26.

Year endingFY19FY23FY24FY25FY26
Revenue₹127 Cr₹21 Cr₹33 Cr₹50 Cr₹70 Cr
Operating profit—₹16 Cr₹24 Cr₹38 Cr—
Operating margin—73.9%73.6%77.0%—
Interest₹10 Cr₹5 Cr₹9 Cr₹18 Cr₹31 Cr
Depreciation₹7 Cr₹1 Cr₹1 Cr₹1 Cr₹2 Cr
Net profit₹8 Cr₹8 Cr₹11 Cr₹13 Cr₹15 Cr
Net margin5.9%37.3%31.8%26.4%21.9%
Cash from operations₹2 Cr₹-46 Cr₹-54 Cr₹-49 Cr₹-114 Cr
Free cash flow₹2 Cr₹-46 Cr₹-54 Cr₹-50 Cr₹-115 Cr
ROE7.0%7.0%9.0%10.0%10.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹19 Cr₹19 Cr₹19 Cr₹20 Cr₹21 Cr₹21 Cr
Reserves₹80 Cr₹87 Cr₹93 Cr₹108 Cr₹137 Cr₹152 Cr
Borrowings₹14 Cr₹29 Cr₹87 Cr₹138 Cr₹276 Cr₹332 Cr
Other liabilities₹2 Cr₹2 Cr₹4 Cr₹8 Cr₹16 Cr₹12 Cr
Total liabilities₹116 Cr₹138 Cr₹203 Cr₹274 Cr₹450 Cr₹517 Cr
Fixed assets₹14 Cr₹15 Cr₹15 Cr₹15 Cr₹17 Cr₹18 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹15 Cr₹17 Cr₹16 Cr₹14 Cr₹14 Cr₹20 Cr
Other assets₹86 Cr₹106 Cr₹173 Cr₹244 Cr₹419 Cr₹479 Cr
Total assets₹116 Cr₹138 Cr₹203 Cr₹274 Cr₹450 Cr₹517 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +3.55 pp while the public trimmed −3.51 pp. The shareholder count shrank 3% to 3,331.

Promoters
55.3%
FIIs
0.1%
DIIs
0.0%
Public
44.6%

Since Jun 2025

  • Promoters +3.55 pp
  • Public −3.51 pp
  • FIIs −0.03 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 55.5%, DIIs 0.0%, Public 44.5%.Dec '23: Promoters 50.6%, DIIs 0.0%, Public 49.3%.Mar '24: Promoters 51.6%, DIIs 0.0%, Public 48.4%.Jun '24: Promoters 51.7%, DIIs 0.0%, Public 48.3%.Sep '24: Promoters 51.7%, DIIs 0.0%, Public 48.3%.Dec '24: Promoters 51.7%, FIIs 0.1%, DIIs 0.0%, Public 48.2%.Mar '25: Promoters 51.7%, DIIs 0.0%, Public 48.3%.Jun '25: Promoters 51.7%, FIIs 0.1%, DIIs 0.0%, Public 48.1%.Sep '25: Promoters 55.3%, FIIs 0.0%, DIIs 0.0%, Public 44.7%.Dec '25: Promoters 55.3%, FIIs 0.1%, DIIs 0.1%, Public 44.6%.Mar '26: Promoters 55.3%, DIIs 0.1%, Public 44.6%.Jun '26: Promoters 55.3%, FIIs 0.1%, DIIs 0.0%, Public 44.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Mangal Credit and Fincorp Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Meghraj Sohanlal Jain 22.67%unchanged
Ajit S Jain HUF 11.77%unchanged
Hardik Meghraj Jain 11.26%unchanged
E Ally Consulting India Private Limited 7.96%unchanged
Dhakad Properties Private Limited 5.96%unchanged
Shree Jaisal Electronics And Industries Limited 4.40%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.98%unchanged
Ajit Sohanlal Jain 1.89%unchanged
Prakash Mahendra Bafna 1.73%+0.23 pp
L7 Securities Private Limited 1.66%+0.14 pp
Pravin Udaylal Jain 1.62%unchanged
Accomplish Trades Solutions Private Limited 1.58%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Mangal Credit and Fincorp Limited

Guides on how to read this kind of business and the numbers that matter.