May 10, 2020 | Investopaper
Here, we will try to make the financial comparison between Mirmire Laghubitta and Nagbeli Laghubitta who are in the process of acquisition. Both the microfinance have published the un-audited third quarter report of the fiscal year 2076/77.
The financial comparison of these two microfinance will be based on the following indicators.
Paid-up capital & Reserve
Nagbeli Laghubitta has a higher capital of Rs. 21.13 crores while Mirmire Laghubitta has a paid-up capital of Rs. 18.67 crores. Likewise, Mirmire has a total reserve of Rs. 10.50 crores and Nagbeli has reserve of Rs. 9.99 crores.
Borrowings, Deposits, and Loans
Mirmire Laghubitta leads in borrowings, deposits and loans with Rs 156.74 crores, Rs 95.73 crores and Rs 250.87 crores respectively. On the other hand, Nagbeli Laghubitta has Rs 53.08 crores, Rs 39.97 crores and Rs 120.15 crores in borrowings, deposits and loans respectively.
Net Interest Income, Operating Profit and Net Profit
With the net interest income of Rs 11.17 crores, Mirmire Laghubitta has earned Rs 3.40 crores and Rs. 2.99 crores in operating profit and net profit respectively. Nagbeli Laghubitta posted an operating profit of Rs. 3.91 crores and net profit of Rs. 2.49 crores.
Non-Performing Loan (NPL) and Cost of fund
Mirmire Laghubitta has a lower NPL of 1.92 percent while Nagbeli Laghubitta has a lower cost of fund of 10 percent.
Earnings Per Share (EPS) and Net-worth Per Share
Mirmire Laghubitta has an EPS of Rs. 21.37 and net-worth per share of Rs. 156.25. Likewise, Nagbeli Laghubitta has EPS and net-worth per share of Rs. 15.69 and Rs. 147.99 respectively.
The comparative performance is also summarized in the table below:
Comparative Performance: Mirmire Laghubitta Vs Nagbeli Laghubitta
|Paid up capital(Rs.’crores’)||18.67||21.13|
|Reserve and Surplus(Rs.’ crores’)||10.5||9.99|
|Loans & Advances(Rs.’ crores’)||250.87||120.15|
|Net Interest Income(Rs.’crores’)||11.17||7.81|
|Operaing Profit (Rs. “crores’)||3.4||3.91|
|Non Performing Loans, NPL(%)||1.92||2.1|
|Cost of Funds (%)||10.9||10|
|Earnings Per Share, EPS(Rs.)||21.37||15.69|
|Networth Per Share ( Rs.)||156.25||147.99|
The above figures are based on the unaudited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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