MANGAL CREDIT N FINCORP L — valuation model

MANGAL CREDIT N FINCORP LMANCREDITFinance

₹111per share · Base Model Note

The horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.

Scenario

Inputslive

Template

MANGAL CREDIT N FINCORP L is a lender: the loans it makes run through its cash flow, so free cash flow to the firm does not measure it. It is valued on the excess-return template: book equity earning your ROE over the cost of equity.

Explicit years, then flat

Excess returns are projected to FY24; after that they grow flat at the terminal rate.

These inputs are part of the Trader plan; on your plan they stay at the figures shown. See plans

Book equity today

0FY19 filed 1011,000

Return on equity

0filed ROE not available40

Dividend payout

0filed dividends ÷ profit100

Book equity earns your ROE; what is not paid out compounds the book.

Value per share, your model₹111implied P/B 2.32× on FY19 book

Against CMP ₹223.00−50.2%close of 9 Oct 2026

Cost of equity8.44%risk-free + beta × equity risk premium

Book equity, FY19₹48per share · excess returns add ₹63

This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.

Excess-return schedule · ₹ crore · book equity earns your ROE; value is book plus the returns above the cost of equity

₹ crore	FY20	FY21	FY22	FY23	FY24
Opening book equity	101	113	127	142	159
Net income at 12% ROE	12	14	15	17	19
Cost of equity charge at 8.44%	(9)	(10)	(11)	(12)	(13)
Excess return	4	4	5	5	6
Present value	3	4	4	4	4
Closing book equity	113	127	142	159	178

Book equity today	101
PV of 5 years of excess return	18
PV of the terminal excess return, 5% flat	115
add non-operating investments	0
Equity value	234
÷ 2.11 crore shares	₹111

Where the methods land · ₹ per share · the dashed line is the CMP

52-week rangetraded range, a fact not a value

₹152₹287

Scenarios side by side · ₹ per share

Scenario	Template	Growth	Margin	Rate	Terminal	₹ / share	vs CMP
Base · editing	Excess return	ROE 12%	—	8.44%	5%	₹111	(50.2)%

A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.