Mangal Credit grows profit 17% and plans fresh capital raise
The NBFC reported annual revenue of ₹69.96 crore for FY26 and approved a warrant issuance that could dilute existing equity by 12%.
— 3 earlier stories on Mangal Credit and Fincorp Ltd. →What's new
- Annual revenue rose 41% to ₹69.96 crore for FY26.
- Net profit climbed 17% to ₹15.30 crore.
- Board approved 25 lakh convertible warrants to boost lending capital.
Why this matters
The warrant issuance is a significant move for a nano-cap lender, potentially diluting current shareholders by 12%. While the profit growth is positive, the capital structure change is the more material development for investors to track.
What we're watching
- The conversion price of the 25 lakh warrants.
- Impact of the new capital on the company's loan book growth.
- Final shareholder approval for the preferential allotment.
The full read
Mangal Credit and Fincorp closed FY26 with ₹69.96 crore in revenue, a 41% gain, and ₹15.30 crore in net profit, up 17%.
Growth is clear.
Alongside these results, the company announced a capital infusion plan involving 25 lakh fully convertible equity warrants, which is a material move for a nano-cap NBFC that could dilute existing equity by approximately 12% while providing the necessary liquidity to expand its lending operations. If fully converted, the promoter group's stake will rise from 55.25% to 59.99%, and shareholders will also receive a dividend of ₹0.75 per share. The company is balancing its recent earnings momentum with a significant shift in its capital structure.
Questions answered
- What was the financial performance for FY26?
- Mangal Credit reported revenue of ₹69.96 crore, up 41%, and a net profit of ₹15.30 crore, a 17% increase over the previous year.
- What is the proposed capital raise?
- The board approved the allotment of up to 25 lakh fully convertible equity warrants to both promoters and non-promoters to fund lending operations.
- How will the warrant issuance affect promoter holdings?
- Full conversion of the warrants would increase the promoter group's stake from 55.25% to 59.99%.
- Is there a dividend for shareholders?
- Yes, the board recommended a final dividend of ₹0.75 per share.
Story so far
All notes on MANCREDIT →- 29 May 2026 · 1:10 PM IST Mangal Credit grows profit 17% and plans fresh capital raise
- 1d ago Mangal Credit's profit grows 17%. Promoters are taking more equity.
- 1d ago Mangal Credit and Fincorp lifts annual profit to ₹15.3 crore
- 10d ago Mangal Credit raises ₹10 cr via NCDs at 11.75% coupon