Magma Fincorp Ltd.    
07 Nov 2019
36.75
-0.27%
ICICI Securities Limited
Magma Fincorp was incorporated in 1988 and began by offering vehicle and equipment financing solutions to individuals and small businesses in India. It later included CV, tractor finance, SME loans as well as insurance. As on Q1FY20, it has an AUM of | 17312 crore across auto, agriculture, SME &...
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Magma Fincorp Ltd. is trading above all available SMAs
Magma Fincorp Ltd.    
15 Jul 2019
36.75
-0.27%
Emkay
and superior liability franchise (higher share of bank borrowings). However, after this event, the risk of uncertainty has re-emerged amid an adverse vehicle demand cycle. We are cutting our AUM CAGR estimate to ~13% for FY19-21 vs. ~15% earlier, resulting in a decline in FY20E earnings by ~15%. We believe markets would await clarity on new...
Magma Fincorp Ltd. has gained 43.00% in the last 3 Months
Magma Fincorp Ltd.    
24 Aug 2018
36.75
-0.27%
HDFC Securities
Operating Income increased by 0.02% to Rs. 586.18 Cr in Q1FY19 when compared to the previous quarter. Magma Fincorp Ltd Q1FY19 results Comment
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Magma Fincorp Ltd. has gained 103.04% in the last 6 Months
Magma Fincorp Ltd.    
20 Aug 2018
36.75
-0.27%
JM Financial
Legacy stressed provisions done; profitability set to improve Magma Fincorp (Magma) recorded a healthy performance in a seasonally weak quarter with PAT of INR 681mn (up 75% YoY) on IndAS basis. Magma has adjusted one-time provisions of INR 6.2bn with its net worth (of which c.INR 3bn is on account of legacy stressed loans originated prior to Dec'15). This will substantially reduce provisions going forward and boost RoEs to 14-16% range. Key highlights: i) GNPL ratio reduced to 9.5% (vs. 11.7% in 1QFY19) while coverage ratio strengthened to 56% vs. 43% YoY. ii) Disbursement growth remained strong (25% YoY) driven by used assets, commercial vehicles and SME. iii) Margins...
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Magma Fincorp Ltd. has gained 103.04% in the last 6 Months
Magma Fincorp Ltd.    
20 Aug 2018
36.75
-0.27%
JM Financial
Legacy stressed provisions done; profitability set to improve Magma Fincorp (Magma) recorded a healthy performance in a seasonally weak quarter with PAT of INR 681mn (up 75% YoY) on IndAS basis. Magma has adjusted one-time provisions of INR 6.2bn with its net worth (of which c.INR 3bn is on account of legacy stressed loans originated prior to Dec'15). This will substantially reduce provisions going forward and boost RoEs to 14-16% range. Key highlights: i) GNPL ratio reduced to 9.5% (vs. 11.7% in 1QFY19) while coverage ratio strengthened to 56% vs. 43% YoY. ii) Disbursement growth remained strong (25% YoY) driven by used assets, commercial vehicles and SME. iii) Margins...
Magma Fincorp Ltd. has lost -25.98% in the last 1 Year
Magma Fincorp Ltd.    
20 Aug 2018
36.75
-0.27%
Emkay
Magma Fincorp (MGMA) adopted IND AS from Q1FY19 and adjusted its legacy stressed portfolio against net worth resulting in overall impact of ~Rs5.54bn in net worth. The move will ensure lower credit costs in future as well as superior RoEs due to low base MGMA reported robust disbursement growth of ~25% yoy, led by Used assets at 28% yoy, Commercial Vehicles at 150% yoy and SME Segment at 34% yoy Gross Stage 3 (GNPAs) stands at ~9.5% as on June 2018 against ~11.7% in June 2017 - NNPA has come down to 4.4% as on June 2018 against 7.0% as on June 2017; whereas PCR stands at 56% as on June 2018, compared to 42.8% as on June 2017...
Magma Fincorp Ltd. is trading above all available SMAs
Magma Fincorp Ltd.    
17 May 2018
36.75
-0.27%
Magma Fincorp Ltd. has gained 43.00% in the last 3 Months
Magma Fincorp Ltd.    
17 Apr 2018
36.75
-0.27%
Choice India
Assets quality witnessing improvement: During FY11-FY13, MGMA shifted its focus from CV/CE financing to other segments such as tractor/SME in order to enhance the yield on book and leverage opportunities in rural areas. While MGMA gained market share in tractors and UV/cars led by aggressive growth, rural stress in 2014 and 2015 offset the benefit of yield and GNPA ratio, which was at 0% in FY12 increased to 1.6%/3.6% in FY13/14 and worsened to 8.1% in FY16. Demonetization, a govt's move to check black money in economy, further added to woes and the company GNPA increased to ~10% by Q3FY17....
Magma Fincorp Ltd. has lost -25.98% in the last 1 Year
Magma Fincorp Ltd.    
03 Aug 2017
36.75
-0.27%
Nirmal Bang
Magma Fincorp Ltd. delivered steady set of numbers for the quarter where the net interest income grew by 3.1% Rs. 309 Cr as compared to Rs. 299.7 Cr in the previous year. Pre provisioning profit grew at 4.1% and stood at Rs. 159.4 Cr vs Rs. 153.1 Cr in Q1FY17. Adjusted net profit came at Rs. 45.2 Cr vs Rs. 46.9 Cr in Q1FY17. Asset quality remained largely stable sequentially with GNPAs at 7% vs 6.7% QoQ and 8.7% YoY led by delinquencies in LAP portfolio and NNPAs...
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Magma Fincorp Ltd. has gained 103.04% in the last 6 Months
Magma Fincorp Ltd.    
14 Jun 2017
36.75
-0.27%
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Magma Fincorp Ltd. has lost -25.98% in the last 1 Year