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Mangal Credit: Multibagger in making. 10X?

Long
BSE:MANCREDIT   MANGAL CREDIT AND FINCORP LTD
1. Very good financial
2. No debt
3. Company entering into gold , silver & diamond jewellery loans
4.Currently operating in Maharashtra and now entering Gujarat and Rajasthan.
5. Credit rating of IVR BBB- with an outlook stable on its long-term bank facilities of Rs20cr by Infomerics Valuation & Rating Private Limited.
6. Experienced promoters, Comfortable Capital Adequacy Ratio and Comfortable capital structure.
Comment: 7. Promoters aggressively buying the stock from open market.
Comment: 8. Listing on NSE soon.
Comment: Do check this link.
businessconnectindia.in/mcfl/

Comments

ManCredit enjoys a robust presence amongst clients for its outstanding quality, customer-driven approach and collaborative growth. The jewellery business has proved to be spellbinding, as the gold loan schemes rewarded a whopping Rs 10.76 Cr in March 2020 – a 79% increase in its standalone profit over its previous year’s turnover of Rs 6.01 Cr. The segment forecasts a CAGR growth of 13.4% by 2022, which is nearly Rs 4,50,000 crore and ManCredit aspires to be a part of this growth. By 2023, ManCredit sees itself as a coagulated and dynamic brand in the gold and diamond jewellery loan market. Growing at this pace, ManCredit will set the pitch for its ultimate milestone “To touch 500 Crore target by 2025”.
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