Mangal Credit and Fincorp lifts annual profit to ₹15.3 crore
The board approved a 10.6% equity dilution through preferential warrants to boost lending capacity, while proposing a dividend of ₹0.75 per share.
— 3 earlier stories on Mangal Credit and Fincorp Ltd. →What's new
- Annual revenue grew 41% to ₹69.96 crore for FY26.
- Board approved 2.5 million convertible warrants, diluting equity by 10.6%.
- Promoter holding will rise from 55.25% to 59.99% upon full conversion.
Why this matters
The capital raise is a material expansion of the company's lending capacity. By increasing their stake to nearly 60%, promoters are signaling confidence in the NBFC's long-term growth trajectory.
What we're watching
- The timeline for the conversion of the 2.5 million warrants.
- Whether the increased capital translates into higher loan book growth in FY27.
- The impact of the dividend payout on the company's liquidity.
The full read
Mangal Credit and Fincorp closed FY26 with ₹69.96 crore in revenue, a 41% increase that reflects the company's expansion. Net profit rose 17% to ₹15.30 crore.
Growth is accelerating.
To fund further lending, the board approved the issuance of 2.5 million convertible equity warrants, which triggers a 10.6% potential equity dilution. Promoters intend to use this issuance to lift their stake from 55.25% to 59.99%, while the board also recommended a final dividend of ₹0.75 per share. For a nano-cap NBFC, this capital injection is the primary lever for scaling operations, and the commitment from promoters to increase their ownership suggests they expect the current growth trajectory to hold for the foreseeable future.
Questions answered
- How much capital is the company raising through the warrant issue?
- The board approved the issuance of 2.5 million convertible equity warrants. This move represents a 10.6% potential equity dilution.
- What is the impact on promoter shareholding?
- Upon full conversion of the warrants, the promoter group's shareholding will increase from 55.25% to 59.99%.
- What were the key financial results for FY26?
- Mangal Credit and Fincorp reported annual revenue of ₹69.96 crore, up 41%, and a net profit of ₹15.30 crore, up 17%.
- Is there a dividend for shareholders?
- Yes, the board recommended a final dividend of ₹0.75 per equity share.
Story so far
All notes on MANCREDIT →- 29 May 2026 · 12:35 PM IST Mangal Credit and Fincorp lifts annual profit to ₹15.3 crore
- 1d ago Mangal Credit's profit grows 17%. Promoters are taking more equity.
- 1d ago Mangal Credit grows profit 17% and plans fresh capital raise
- 10d ago Mangal Credit raises ₹10 cr via NCDs at 11.75% coupon