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Poonawalla Fincorp Ltd

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NSEBSE

376.85-5.15 (-1.35%)

03:59 PM,4th Oct 2023

377.60-4.30 (-1.13%)

04:01 PM,4th Oct 2023

BSE : 524000

NSE : POONAWALLA

Sector : Financials

ISIN Code : INE511C01022

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Last Updated: Oct 04 2023 | 04:01 PM IST

Market Cap (₹ Cr)

28953

Turnover (₹ Cr)

2.66

Volume (Shares)

707123

Face Value

2

52-WK High

451.50

52-WK High Date

08 Aug 2023

52-WK Low

243.00

52-WK Low Date

23 Dec 2022

All Time High

451.50

All Time High Date

08 Aug 2023

All Time Low

3.80

All Time Low Date

15 Jun 2004

Poonawalla Fincorp Ltd

Magma Fincorp Ltd is a publicly held non-banking finance company along with its subsidiaries and joint ventures engaged in providing asset finance housing business through its pan India branch network. The company is headquartered in Kolkata providing equipment and vehicle financing solutions to individuals and small businesses in India. They offer a range of financial products and services including commercial vehicle finance construction equipment finance car and utility vehicle finance strategic construction equipment finance tractor finance small and medium enterprise loans and insurance as well as refinance products. Magma Fincorp Ltd was incorporated in the year December 18th 1978 as a private limited company with the name Magma Leasing Pvt Ltd. In October 30 1980 the company was converted into public limited company and the name was changed to Magma Leasing Ltd. In the year 1992 the company merged with Arm Group Enterprises in order to strengthen their business.During the year 1994-96 the company opened up regional offices at three metropolitan centres namely Mumbai Delhi and Chennai. In the year 1996 the company entered into retail financing business for vehicles and construction equipment. In the year 1998 they expanded their retail financing operations in Orissa and Chhattisgarh. During the year 2001-02 Consortium Finance Ltd was amalgamated with the company which gained presence in whole North India except Jammu & Kashmir. During the year 2004-05 Magma Securities Ltd a subsidiary company amalgamated with Viper Estates and Investments Pvt Ltd. They launched fee-based business namely insurance and personal loan. In the year 2006 they rolled out two new products namely Used Vehicle Finance & Strategic Construction Equipment.During the year 2006-07 as per the scheme of amalgamation Shrachi Infrastructure Finance Ltd was amalgamated with the company. The company made a tie up with Maruti Udyog Ltd the country's largest carmaker to finance Maruti cars. Also they invested in electric generators for the generation of power. In June 19 2007 the name of the company was changed from Magma Leasing Ltd to Magma Shrachi Finance Ltd.During the year 2007-08 the company entered into a joint venture agreement with International Tractors Ltd manufacturers of Sonalika brand of tractors for promoting a NBFC to undertake the financing of Sonalika Brand of tractors manufactured by International Tractors Ltd. Accordingly a new NBFC company namely Magma ITL Finance Ltd was incorporated as a subsidiary of the company.During the year the company promoted and subscribed to 1999400 equity shares of Rs 10 each of Magma Consumer Finance Ltd a subsidiary which was incorporated as a non-deposit taking NBFC company. They distributed personal loans through an associate company in addition to their fund-based business. Also they made further investments in wind power generation in which the installed capacity was increased to 13.45 MW.During the year 2008-09 the company Magma rationalised its branch network to 150 branches providing services to customers in 20 states and one union territory across India. They entered into agreements with major manufacturers of cars commercial vehicles and construction equipments such as Maruti Suzuki India Limited Hyundai GM Tata Motors Telcon and JCB among others which provide Magma access to their respective dealer networks across India.During the year under review Magma entered into tie-ups with Eicher/ TAFE for tractor financing across their India dealer network. They also launched SME loans business extending unsecured loans to small and medium enterprises. The company made further investments in eco-friendly wind power generation in which the total installed capacity increased to 17.5 MW in wind electric generators.Magma ITL Finance Ltd a subsidiary of the company commenced commercial operations from July 1 2008. In July 23 2008 the company changed their name from Magma Shrachi Finance Ltd to Magma Fincorp Ltd. Viper Estates and Investments Pvt Ltd ceased to be a subsidiary of the Company with effect from October 31 2008. During the year 2009-10 Ashok Leyland signed a MoU with the company to provide superior financing options to customers. They signed a Joint Venture Agreement with HDI Gerling International Holding AG for the purpose of entering into General Insurance Business in India.During the year the company increased their branch network to 153 branches across 20 states and 1 union territory of which 77% reside in the semi urban and rural markets. Magma Consumer Finance Private Ltd ceased to be a subsidiary of the company with effect from March 22 2010.During the year 2016 46296297 Equity Shares at a price of Rs 108/- each aggregating to Rs 50000 Lacs including a premium of Rs 106/- per Equity Share were allotted to Zend Mauritius VC Investments Ltd Indium V (Mauritius) Holdings Limited and LeapFrog Financial Inclusion India Holdings Limited on preferential basis under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009 as amended and Companies Act 2013 read with relevant rules there under and other applicable provisions.The Board of Directors of the Company approved the Scheme of merger between Magma Advisory Services Limited wholly owned subsidiary (Transferor Company') (MASL) and Magma Fincorp Limited (Transferee Company) (MFL) with the stated objectives of inter alia achieving greater integration financial strength and flexibility; and achieving consolidation of the activities of its Company. The Central Government through the Regional Director Eastern Region Ministry of Corporate Affairs has vide its confirmation order dated 15 January 2018 approved the Scheme. Consequently the Scheme became effective from 15 January 2018 with effect from 1 April 2017 being the Appointed Date of the Scheme the entire business and undertakings of MASL including all the debts liabilities duties and obligations and all assets have been transferred to MFL. MASL stands dissolved without winding-up on the effective date and therefore ceases to be a wholly owned subsidiary Company of the Company. Magma Housing Finance Limited which was at the time an indirect subsidiary held through MASL has become a direct subsidiary of the Company.The Board of Directors of the Company approved the Scheme of amalgamation between Magma ITL Finance Limited wholly owned subsidiary (Transferor Company') (MITL) and Magma Fincorp Limited (Transferee Company) (MFL) with the stated objectives of inter alia achieving greater integration financial strength and flexibility and achieving consolidation of the activities of its Company. The Hon'ble National Company Law Tribunal Kolkata Bench (NCLT) has vide its order dated 8 May 2018 approved the Scheme. Consequently the Scheme becoming effective from 8 May 2018 with effect from 1 October 2017 being the Appointed Date of the Scheme the entire business and undertakings of MITL including all the debts liabilities duties and obligations and all assets have been transferred to MFL. MITL stands dissolved without winding-up on the effective date and therefore ceases to be wholly owned subsidiary Company of the Company.After the close of financial year 2018 issue of Equity shares through Qualified Institutional Placement (QIP) under the provisions of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009 as amended the Company raised capital amounting to Rs. 500 crores approximately through the Qualified Institutional Placement (QIP) route by way of issuing and allotting 32258064 Equity Shares of face value Rs. 2 each for cash at issue price of Rs. 155 per Equity Share (including a premium of Rs. 153 per Equity Share) to a host of renowned and marque Institutional Investors who are Qualified Institutional Buyers.During the year 2019 the Company raised fresh long term Secured Loan from Banks of Rs 75000 lacs.During the year 2019 the Company raised a long- term loan in the nature of Subordinate debt from Bank aggregating to Rs 10000 lacs. The purpose of the Loan is to augment the Tier II Capital of the Company.During the year 2019 the Company also raised funds from Banks and Mutual funds through fresh issue PTC (Pass Through Certificate) aggregating to Rs 281097 lacs.

Poonawalla Fincorp Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

28953

EPS - TTM (₹) [S]

8.61

P/E Ratio (X) [S]

4.51

Face Value (₹) 2
Latest Dividend (%)100.00
Latest Dividend Date 18 Jul 2023
Dividend Yield (%) 0.53
Book Value Share (₹) [S]83.62
P/B Ratio (₹) [S]4.51
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Union Liquid Fund (G) 24.57 250000000 0.93
Union Liquid Fund (IDCW-M) 24.57 250000000 0.93
Union Liquid Fund (IDCW-Frt) 24.57 250000000 0.93
Union Liquid Fund (IDCW-W) 24.57 250000000 0.93
Union Liquid Fund (IDCW-D) 24.57 250000000 0.93
Union Liquid Fund - Direct (G) 24.57 250000000 0.93
Union Liquid Fund - Direct (IDCW-D) 24.57 250000000 0.93
Union Liquid Fund - Direct (IDCW-Frt) 24.57 250000000 0.93
Union Liquid Fund - Direct (IDCW-M) 24.57 250000000 0.93
Union Liquid Fund - Direct (IDCW-W) 24.57 250000000 0.93

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Research Reports

Date BrokerActionPrices(Rs)Report
07-07-2022LKP Securities Buy 230

Stock Strength

Today's Low/High

373.45

381.40

Week Low/High

373.45

385.00

Month Low/High

367.90

413.00

Year Low/High

243.00

452.00

All time Low/High

1.81

452.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-0.61%-0.70%-1.35-1.42%
1 Month-6.37%-6.37%-0.61-0.47%
3 Month5.05%5.05%-0.390.24%
6 Month29.48%29.43%10.3511.71%
1 Year19.33%19.31%12.3312.51%
3 Year1055.98%1061.33%68.5670.24%

Financials

Graph
Table

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
17-04-2023ABSL UMBRELLA UCITS FUND PLC-INDIA FRONTLINE EQUITY FUNDNSEBUY356123290.00
17-04-2023ADITYA BIRLA SUN LIFE MUTUAL FUNDNSEBUY89305290.00
17-04-2023ADITYA BIRLA SUN LIFE MUTUAL FUNDNSEBUY267916290.00
17-04-2023ADITYA BIRLA SUN LIFE MUTUAL FUNDNSEBUY893053290.00
17-04-2023ADITYA BIRLA SUN LIFE MUTUAL FUNDNSEBUY1607497290.00
17-04-2023ADITYA BIRLA SUN LIFE MUTUAL FUNDNSEBUY178611290.00
17-04-2023ADITYA BIRLA SUN LIFE MUTUAL FUNDNSEBUY357221290.00
17-04-2023ADITYA BIRLA SUN LIFE MUTUAL FUNDNSEBUY625137290.00
17-04-2023MAYANK PODDARNSESELL1700000290.00
17-04-2023PLUTUS WEALTH MANAGEMENT LLPNSEBUY3275863290.00

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Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Archive
CategoryShare(%)
Promoter62.12
Financial Institutions Banks0.08
Foreign Institutional Investors7.18
Insurance Companies1.71
Mutual Funds Uti6.13
Other Institutional Investors0.09
Indian Public15.19
Others Non Institutional Investors7.50
Custodians0.00

Corporate Action

Announcement DatePurposeFromToRemarks
Data Not Found

Price History

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DateOpenHighLowCloseSharesTrades
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Company Info

Company Information

Company Sec. & Compli. Officer : Shabnum Zaman

Non-Exec. & Independent Dir. : Vijayalakshmi R Iyer

Non-Exec. & Independent Dir. : B Prasada Rao

Non-Exec. & Independent Dir. : Prabhakar Dalal

Chairman (Non-Executive) : ADAR CYRUS POONAWALLA

Non Executive Director : Amar Deshpande

Managing Director : Abhay Bhutada

Non-Exec. & Independent Dir. : Sanjay Kumar

Non-Exec. & Independent Dir. : Gorinka Jaganmohan Rao

Non Executive Director : Atul Kumar Gupta

Non Executive Director : Sajit M Fazalbhoy

Registered Office: Development House, 24 Park Street,Kolkata,West Bengal-700016 Ph: 91-33-44017350

Email:secretarial@poonawallafincorp.com

URL:http://www.poonawallafincorp.com