Last 126.50 INR
Change Today -3.00 / -2.32%
Volume 125.3K
As of 7:06 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

magma fincorp ltd (MGMA) Snapshot

Open
127.10
Previous Close
129.50
Day High
130.95
Day Low
125.00
52 Week High
09/10/14 - 142.00
52 Week Low
09/26/13 - 61.50
Market Cap
24.1B
Average Volume 10 Days
427.6K
EPS TTM
7.32
Shares Outstanding
190.3M
EX-Date
07/23/14
P/E TM
17.3x
Dividend
0.80
Dividend Yield
0.63%
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 Change in Company Secretary

Magma Fincorp Ltd. announced that Mr. Girish Bhatia ceased to be the Company Secretary of the company upon his attaining age of superannuation with effect from close of business hours of September 06, 2014. Mr. Kailash Baheti presently designated as Chief Strategy Officer of the company is appointed as the Company Secretary of the company and Compliance Officer for Stock Exchange purpose in addition to his present responsibilities as Chief Strategy Officer with effect from September 07, 2014.

Magma Fincorp Ltd Announces Change in Company Secretary

Magma Fincorp Ltd. announced that Mr. Girish Bhatia ceased to be the Company Secretary (CS) of the Company upon his attaining age of superannuation with effect from close of business hours of September 06, 2014. Mr. Kailash Baheti presently designated as Chief Strategy Officer of the Company is appointed as the Company Secretary of the Company and Compliance Officer for Stock Exchange purpose in addition to his present responsibilities as Chief Strategy Officer with effect from September 07, 2014.

Magma Fincorp Limited Approves Dividends on Equity Shares and Preference Shares

Magma Fincorp Limited announced at AGM held on July 31, 2014, the shareholders of the company approved a dividend at the rate of INR 0.80 per equity share (40%), aggregating to INR 152,095,980 on 190,119,975 equity shares of INR 2 each fully paid-up, to those members whose name appear on the register of members of the company at the close of working hours of the company as on July 24, 2014. The shareholders also approved dividend at the rate of 9.70% aggregating to INR 7,319,858 on 2,109,199 Cumulative Non-Convertible Redeemable Preference Shares of INR 40 each for the period from 01.04.2013 to 16.02.2014 (both, days inclusive) and 9.70% aggregating to INR 488,748 on 2,109,199 Cumulative Non-Convertible Redeemable Preference Shares of INR 20 each (reduced to INR 20 upon redemption of 4th installment of INR 20 each per share on 18th February, 2014) for the period from 17.02.2014 to 31.03.2014 (both days inclusive) be and is hereby declared for payment, for the year ended 31st March, 2014. The shareholders approved a dividend at the rate of 5% aggregating to INR 51,36,986 on 3,000,000 Cumulative Non-Convertible Redeemable Preference Shares of INR 1.00 each fully paid-up for the period from 01.04.2013 to 03.08.2013 (both days inclusive) (the shares were redeemed on 03.08.2013) be and is hereby declared for payment, for the year ended 31st March, 2014. The shareholders approved a dividend at the rate of 3.60% aggregating to INR 72,090 on 6,500,999 Cumulative Non-Convertible Redeemable Preference Shares of INR 80 each for a day 01.04.2013 and 3.60% aggregating to INR 19,680,491 on 6,500,999 Cumulative Non-Convertible Redeemable Preference Shares of INR 60 each (reduced to INR 60 upon redemption of 2nd installment of INR 20 each on 2nd April, 2013) for the period from 02.04.2013 to 31.03.2014 (both days inclusive) be and is hereby declared for payment, for the year ended 31st March, 2014. The shareholders approved a dividend at the rate of 12% aggregating to INR 30,000,000 on 2,500,000 Cumulative Non Convertible Redeemable Preference Shares of INR 100 each fully paid-up be and is hereby declared for payment, for the year ended 31st March, 2014. The shareholders approved a dividend at the rate of 9.60% aggregating to INR 9,600,000 on 1,000,000 Cumulative Non Convertible Redeemable Preference Shares of INR 100 each fully paid-up be and is hereby declared for payment, for the year ended 31st March, 2014. The shareholders approved a dividend at the rate of 1% aggregating to INR 1,131,937 on 2,109,199 Cumulative Non Convertible Redeemable Preference Shares of INR 60 each for the period from 01.04.2012 to 16.02.2013 (both days inclusive) and 1% aggregating to INR 100,772 on 2,109,199 Cumulative Non Convertible Redeemable Preference Shares of INR 40 each (reduced to INR 40 upon redemption of 3rd installment of INR 20 each per share on 17th February, 2013) for the period from 17.02.2013 to 31.03.2013 (both days inclusive) be and is hereby declared for payment, for the year ended 31st March, 2014. The shareholders approved a dividend at the rate of 11% aggregating to INR 39,600,000 on 3,600,000 Cumulative Non Convertible Redeemable Preference Shares of INR 1.00/- each fully paid-up be and is hereby declared for payment, for the year ended 31st March, 2014.

 

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MGMA

Industry Average

Valuation MGMA Industry Range
Price/Earnings 17.4x
Price/Sales 2.4x
Price/Book 1.6x
Price/Cash Flow 13.3x
TEV/Sales NM Not Meaningful
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