Last 99.25 INR
Change Today -3.95 / -3.83%
Volume 61.0K
MGMA On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

magma fincorp ltd (MGMA) Snapshot

Open
101.75
Previous Close
103.20
Day High
102.80
Day Low
98.00
52 Week High
06/6/14 - 117.45
52 Week Low
09/26/13 - 61.50
Market Cap
18.9B
Average Volume 10 Days
158.9K
EPS TTM
7.32
Shares Outstanding
190.1M
EX-Date
07/23/14
P/E TM
13.6x
Dividend
0.80
Dividend Yield
0.81%
Current Stock Chart for MAGMA FINCORP LTD (MGMA)

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magma fincorp ltd (MGMA) Details

Magma Fincorp Limited, a non-banking finance company, provides asset finance, housing finance, and general insurance services to individual and corporate customers in India. The company’s products include loans for cars and utility vehicles, commercial vehicles, construction equipment, tractors, used vehicles, and SME businesses, as well as mortgage finance and gold loan financing. The company operates 274 branches. Magma Fincorp Limited was incorporated in 1978 and is headquartered in Kolkata, India.

Founded in 1978

magma fincorp ltd (MGMA) Top Compensated Officers

Vice Chairman, Managing Director, Member of ...
Total Annual Compensation: 7.0M
Executive Chairman, Member of Management Comm...
Total Annual Compensation: 7.0M
Compensation as of Fiscal Year 2014.

magma fincorp ltd (MGMA) Key Developments

Magma Fincorp Limited Announces Cessation of Kailash Nath Bhandari as Director

Magma Fincorp Ltd. announced that Mr. Kailash Nath Bhandari, Non-Executive Independent Director of the company has relinquished his office as a Director from the Board of Directors of the company and has consequently ceased to be the Director of the company with effect from the close of the business hours on May 14, 2014.

Magma Fincorp Limited, Board Meeting, May 08, 2014

Magma Fincorp Limited, Board Meeting, May 08, 2014. Agenda: To consider the borrowing powers of the board of directors under section 180(1)(c) of the Companies Act, 2013 upto INR 250,000; to consider the creation of charges on the movable and immovable properties of the company under Section 180(1)(a) of the Companies Act, 2013, both present and future, in respect of borrowings; to consider the issuance of debt securities pursuant to Sections 42, 71 and 180(1)(c) of the Companies Act, 2013 upto an overall ceiling of INR 22,000 million on private placement basis; and to approve authorization for raising finance through issue of securities pursuant to Section 62(1)(c) of the Companies Act, 2013.

Magma Fincorp Limited Recommends an Equity Dividend and Preference Shares Dividend for the Financial Year of 2013-14; Announces Audited Standalone Earnings Results for the Fourth Quarter and Full Year and Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Results for the Ended March 31, 2014

The board of directors of Magma Fincorp Limited announced that at their meeting held on May 07, 2014, board of directors considered and recommended an equity dividend of 40% INR 0.80 per equity share INR 2/- each and a preference dividend of 9.7%, 5%, 3.60%, 9.6%,12% and 11% (on pro-rata basis) for the financial year 2013-14 and a 1% (on pro-rata basis) on 2,109,199 cumulative non-convertible redeemable preference shares for the financial year 2012-13, subject to approve the shareholders. The company announced audited standalone earnings results for the fourth quarter and full year and unaudited consolidated earnings results for the fourth quarter and audited results for the ended March 31, 2014. For the quarter, on standalone basis, the company announced revenue from operations of INR 4,841.369 million compared to INR 4,571.807 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 3,005.589 million compared to INR 3,002.875 million a year ago. Profit from ordinary activities before tax was INR 430.756 million compared to INR 616.539 million a year ago. Net profit from ordinary activities after tax was INR 307.582 million or INR 1.48 per diluted share compared to INR 432.682 million or INR 2.03 per basic and diluted share a year ago. For the year, on standalone basis, the company announced revenue from operations of INR 18,467.778 million compared to INR 15,682.797 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 12,046.641 million compared to INR 10,286.896 million a year ago. Profit from ordinary activities before tax was INR 1,783.963 million compared to INR 1,791.571 million a year ago. Net profit from ordinary activities after tax was INR 1,355.732 million or INR 6.46 per diluted share compared to INR 1,227.997 million or INR 5.74 per diluted share a year ago. For the quarter, on consolidated basis, the company announced revenue from operations of INR 5,539.255 million compared to INR 4,935.177 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 3,408.089 million compared to INR 3,161.597 million a year ago. Profit from ordinary activities before tax was INR 511.568 million compared to INR 653.502 million a year ago. Net profit after taxes and minority interest was INR 421.746 million or INR 2.08 per diluted share compared to INR 441.457 million or INR 2.08 per diluted share a year ago. For the year, on consolidated basis, the company announced revenue from operations of INR 20,964.144 million compared to INR 16,600.497 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 13,386.447 million compared to INR 10,889.046 million a year ago. Profit from ordinary activities before tax was INR 1,976.818 million compared to INR 2,124.796 million a year ago. Net profit after taxes and minority interest was INR 1,518.287 million or INR 7.31 per diluted share compared to INR 1,382.429 million or INR 6.55 per basic and diluted share a year ago.

 

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Industry Analysis

MGMA

Industry Average

Valuation MGMA Industry Range
Price/Earnings 14.0x
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow 10.5x
TEV/Sales NM Not Meaningful
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