Midland Microfin Limited - Unlisted Shares
Fundamentals
- Current Price
- ₹0
- Market Cap
- 0
- ISIN
- INE884Q01015
- Face Value
- ₹10
- P/E Ratio
- 0
- EPS
- ₹15.53
- P/B Ratio
- 0
- Book Value
- 66.36
- Debt / Equity Ratio
- 3.38
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue from Operations | 530.87 | 394.41 | 219.52 | 192.21 | 183.50 |
| Growth % | 34.60% | 79.67% | 14.21% | 4.74% | - |
| Operating Expenses | 230.58 | 161.94 | 83.42 | 65.94 | 56.46 |
| Growth % | 42.39% | 94.12% | 26.52% | 16.78% | - |
| Operating Profit | 300.29 | 232.47 | 136.10 | 126.27 | 127.04 |
| Op. Profit Margin % | 56.57% | 58.94% | 62.00% | 65.70% | 69.23% |
| Other Income | 1.89 | 0.51 | 0.26 | 0.14 | 0.64 |
| Finance Costs | 204.38 | 168.46 | 104.03 | 103.64 | 98.96 |
| Depreciation | 3.80 | 3.01 | 3.01 | 3.76 | 3.64 |
| Profit Before Tax | 94.01 | 61.51 | 29.32 | 19.01 | 25.08 |
| Tax | 21.9 | 14.68 | 7.04 | 4.38 | 6.35 |
| Tax % | 4.12% | 3.72% | 3.21% | 2.28% | 3.46% |
| Profit After Tax | 72.15 | 46.83 | 22.28 | 14.63 | 18.73 |
| Growth % | 54.07% | 110.20% | 52.33% | -21.91% | - |
| PAT % | 13.59% | 11.87% | 10.15% | 7.61% | 10.21% |
| Diluted EPS | 15.53 | 10.70 | 10.00 | 4.06 | 5.94 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Equity Capital | 47.61 | 45.57 | 45.57 | 39.17 | 33.33 |
| Reserves | 440.25 | 302.00 | 225.28 | 137.64 | 85.27 |
| Total Equity | 487.86 | 347.57 | 270.85 | 176.81 | 118.59 |
| Borrowings | - | - | - | - | - |
| Provision | 3.13 | 2.36 | 2.06 | 1.75 | 1.41 |
| Other Non-Current Liabilities | 12.03 | 2.39 | 1.73 | 1.52 | 1.42 |
| Total Non financial Liabilities | 15.15 | 4.76 | 3.79 | 3.28 | 2.83 |
| borrowings | 1,658.20 | 1175.50 | 997.38 | 656.28 | 659.00 |
| Other Current Liabilities | 460.38 | 462.40 | 297.33 | 263.44 | 199.08 |
| Total financial Liabilities | 2,118.58 | 1637.89 | 1294.70 | 919.73 | 858.08 |
| Equity + Liabilities | 2,621.59 | 1990.22 | 1569.35 | 1099.81 | 979.51 |
| Fixed Assets (incl. WIP) | 17.05 | 13.16 | 18.39 | 12.63 | 13.25 |
| Other Non Current Assets | 14.49 | 11.26 | 5.54 | 7.61 | 8.66 |
| Total Non financial Assets | 31.54 | 24.42 | 23.93 | 20.24 | 21.91 |
| Trade Receivables | 3.63 | 2.58 | 1.49 | 0.20 | 0.27 |
| Cash & Cash Equivalents | 449.15 | 32.63 | 481.87 | 313.28 | 223.48 |
| Other Current Assets | 2,137.28 | 1930.60 | 1062.06 | 766.09 | 733.84 |
| Total financial Assets | 2,590.05 | 1965.80 | 1545.42 | 1079.57 | 957.60 |
| Total Assets | 2,621.59 | 1,990.22 | 1,569.35 | 1,099.81 | 979.51 |
Shareholding Pattern
- Kitara PIIN 1501
- 33.87%%
- ICICI Bank Limited
- 9.40%%
- Gurdip Singh Samra
- 7.57%%
- Ranjit Kaur Chhokar
- 5.46%%
- Sanjeev Kumar
- 4.83%%
- Amardeep Singh Samra
- 0.79%%
- Gagan Samra
- 0.18%%
- Ranjit Kaur Chhokar
- 5.46%%
- Vijay Kumar Bhandari
- 0.12%%
- Sneh Bhandari
- 0.12%%
Strengths & Weaknesses
Strengths
- Customer-Centric Omnichannel Approach – The company provides seamless client experiences through both digital and in-person interactions.
- Data-Powered Efficiency and Innovation – Strong use of digital initiatives and data analytics to enhance scalability, streamline operations, and create innovative financial solutions.
- Geographic Expansion & Targeted Growth – A well-planned expansion strategy ensures sustainable growth across diverse regions.
- Commitment to Responsible Lending – MML emphasizes ethical lending practices with robust collection processes, ensuring both financial stability and customer well-being.
- Strong Financial Growth – MML achieved a 54% rise in profit after tax (PAT) to ₹72 crores, with operating profits increasing by 43%.
Weaknesses
- High Delinquency Rates – Loan default rates are a major challenge. Delinquency rates for 90+ days range from 5.75% to 12.56%, which could lead to financial instability and investor concerns.
- Geographical Disparities in Delinquency – Urban areas have 27.15% delinquency, whereas semi-urban and rural areas report much higher rates (40.32% and 43.38%), increasing risk exposure.
- Declining Loan Disbursement Growth in Some Sectors – Certain financial sectors, such as private and small finance banks, have shown negative growth (-27.41% to -36.11%) in loan disbursements.
- Economic & Market Fluctuations – The microfinance sector is highly sensitive to economic downturns, which can impact borrower repayment capabilities and funding availability.
About Midland Microfin Limited
Midland Microfin Limited (MML) was founded in 2011 and is recognized as one of the fastest-growing Non-Banking Financial Companies - Microfinance Institutions (NBFC-MFIs). It operates as a Systemically Important Non-Deposit Taking NBFC (NBFC-ND-SI), regulated by the Reserve Bank of India (RBI) under the Middle Layer of the Scale-Based Regulation framework.
Board of Directors
- Shant Kumar Gupta - Independent Director
- Mr. Amardeep Singh Samra - Promoter Director(Managing Director)
- Vijay Kumar Bhandari - Promoter Director (Chairman)
- Kamna Raj Aggarwalla - Woman Independent Director
- Sachin Nithyanand Kamath - Nominee Director
- Santokh Singh Chhokar - Non-Executive Director
- Ashwani Kumar Jindal - Independent Director
- Parveen Kumar Gupta - Independent Director