Manipal Finance Corporation Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 242
Rank 255
Rank 296
Dividend Yield
Rank 74
Rank 427
Price To Book Ratio
Rank 195
Debt To Asset
Rank 296

Company Information

Incorporated in Mar.84 Manipal Finance Corporation was promoted by the Pais of Manipal. The company is engaged in hire purchase financing and leasing of industrial and commercial goods and vehicles general finance agency guarantee and indemnity.The companys rights issue in 1994 at a premium of Rs 5 received an overwhelming response. During 199495 the company opened two new branches at Nellyadi Karnataka and at Malad Bombay. The total number of branches of the company stands increased at 50.In view of the nonavailability of sufficient limit for acceptance of deposits during 199495 the company could not attain the desired improvement in disbursements under its hirepurchase scheme.With the enhancement in the net worth position of the company consequent to allotment of shares and creation of additional reserves as in Mar.95 the company could improve its borrowing strength.The company suffered a loss of Rs.1591.16 lakhs for the year 19992000 as compared to Rs.177.54 lakhs in the previous year.The company is planning to widen its business prospects in the field of Money Tranfer activity.
OrganisationManipal Finance Corporation Ltd