August 23, 2022 | Investopaper
The microfinance companies have provided investors with healthy returns. This is why investors prefer to invest in the shares of microfinance. The likes of Chhimek and Nirdhan Utthan Laghubitta have consistently given above-average returns (including lucrative bonus shares) to the investors. Microfinance stocks are priced higher than stocks of other banking sectors because they have a high return on capital.
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Based on the unaudited fourth quarterly report of the fiscal year 2078/79, here we have ranked the ten top microfinance companies on the basis of Earnings Per Share (EPS). EPS is calculated by dividing the net profit with the total number of shares of the company. We have annualized the Earnings Per Share for the ease in comparison.
Note: We have included only those microfinance listed on Nepal Stock Exchange (NEPSE).
10 Microfinance With Highest Earnings Per Share (EPS) – FY 2078/79
Mahila Laghubitta (MLBSL) remains at the top with an impressive Rs 101.76 as the EPS. Likewise, Forward Microfinance Laghubitta (FOWAD) and Nesdo Sambridha Laghubitta (NESDO) are at the second and third position with Rs 100.11 and Rs 87.04 EPS respectively.
The table below shows the top ten microfinance companies with the highest Earnings Per Share (EPS).
|Rank||Microfinance Companies||Earnings Per Share, EPS (In Rs.)|
|1||Mahila Lagubitta Bittiya Sanstha Limited||101.76|
|2||Forward Microfinance Bittiya Sanstha Ltd.||100.11|
|3||Nesdo Sambridha Laghubitta Bittiya Sanstha Limited||87.04|
|4||Jeevan Bikas Laghubitta Bittya Sanstha Ltd||75.6|
|5||National Microfinance Bittiya Sanstha Ltd.||68.44|
|6||CYC Nepal Laghubitta Bittiya Sanstha Ltd||66.04|
|7||Swabalamban Laghubitta Bittiya Sanstha Ltd.||62.43|
|8||Jalpa Samudayik Laghubitta Bittiya Sanstha Ltd||61.66|
|9||Nirdhan Utthan Laghubitta Bittiya Sanstha Ltd.||46.84|
|10||Global IME Laghubitta Bittiya Sanstha Ltd.||45.34|
Source: Unaudited Q4 Report, FY 2078/79
Note: We have updated the capital after adjusting the bonus share from the previous fiscal year. Hence, the above data may differ from the data presented in the quarterly report.
The microfinance companies currently in merger/acquisition are excluded.
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10 Microfinance With Highest Earnings Per Share (EPS) -FY 2077/78
|Rank||Microfinance||Symbol||Type||Earnings Per Share, EPS (In ‘Rs’)|
|1||Jeevan Bikas Laghubitta||JBLB||Retail||113.34|
|3||Forward Microfinance Laghubitta||FOWAD||Retail||91.87|
|4||National Microfinance Laghubitta||NMFBS||Retail||77.73|
Source: Unaudited Fourth Quarterly Report, FY 2077/78
Note: Since, the above figures of EPS are based on the unaudited quarterly report of the fiscal year 2077/78, it may change at the end of the fiscal year after the final audit.
Microfinance With Highest Earnings Per Share (EPS) In FY 2076/77
The table below presents the microfinance with the highest Earnings Per Share from the previous fiscal year 2076/77.
|Rank||Microfinance Companies||Stock Symbol||Type||Earnings Per Share (EPS)|
|1||Sana Kisan Bikas Laghubitta||SKBBL||Wholesale||54.81|
|2||Forward Community Laghubitta||FOWAD||Retail||50.18|
|8||Global IME Laghubitta||GILB||Retail||30.03|
|10||Janautthan Samudayik Laghubitta||JSLBB||Retail||28.27|
Note: The above figures are based on the unaudited fourth quarter report of the fiscal year 2076/77.
Which microfinance stocks would you like to buy? Analyze the table above and make the decision yourself. Feel free to share your views in the comment section.
Disclaimer: Investment is subject to market risks. Investors are advised to take other things in consideration along with this while making the actual investment decision.