See in which microfinance to pour hard earn money? In-depth analysis of microfinance companies as per their working areas
Tue, Aug 29, 2017 7:00 AM on Latest, Exclusive, Featured, Stock Market,
Every investors are in dilemma why most of the microfinance companies price are rising day by day. It might not only be due to the influence of big investors, rather it would be because of outstanding performances they have been showing and attractive dividends they had been providing to their shareholders. But some investors also falls in the vicious circle by comparing one microfinance with another. It is true that all microfinance are categorized under “D class” by Nepal Rastra Bank (NRB). But one should clearly know among microfinance in terms of specified working areas. As per wide spread in working areas, their business is reflected. Thus, with same fundamentals as well, the price of microfinance companies may vary, so that while making comparison, working areas needs to be considered as well.
In the below table, major fundamental factors including working areas of the 35 microfinance including 2 unlisted microfinance ( Support Microfinance and Unnati Microfinance) in Nepal Stock Exchange (NEPSE) are shown for the easiness to the investors and our valued visitors:
Among the 4 wholesale microfinance, Sana Kisan Bikas Bank Limited (SKBBL) and Rural Microfinance Development Bank Limited (RMDC) topped the table with an Earning per Share (EPS) of Rs 65.73 and Rs 30.54 respectively.
Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) with EPS of Rs 125.35 and net worth per share Rs 399.89 stood at front among national level microfinance. Nirdhan Utthan Bikas Bank Limited (NUBL) has floated loans and advances of Rs 12.32 arba and has EPS of Rs 97.24.
Womi Micofinance (WOMI) spread in 32 districts has EPS of Rs 32.41 and its NPL stands at 1.13%. Similarly, 5 district, Samata Microfinance (SMATA) and 3 districts, Nagbeli Laghubitta Bikas Bank Limited (NBBL) has EPS of Rs 44.47 and 64.07 respectively.
Mirmire Microfinance Development Bank Limited (MMFDB) with NPL of 1%, loans and advaces of Rs 82.56 crore and with EPS of Rs 51.59 stood infront of the list among 10 to 15 district microfinance.
Similarly, among 4 to 10 district microfinance, Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB) has highest EPS of 107.92 and net worth per share of Rs 446.15.
(Disclaimer: Above ideas of analysis according to working areas with respect to their fundamental ratios are our view’s only. P/E ratio are calculated by using Market Price (MP) as on August 28, 2017)
Among the 4 wholesale microfinance, Sana Kisan Bikas Bank Limited (SKBBL) and Rural Microfinance Development Bank Limited (RMDC) topped the table with an Earning per Share (EPS) of Rs 65.73 and Rs 30.54 respectively.
Forward Community Microfinance Bittiya Sanstha Limited (FOWAD) with EPS of Rs 125.35 and net worth per share Rs 399.89 stood at front among national level microfinance. Nirdhan Utthan Bikas Bank Limited (NUBL) has floated loans and advances of Rs 12.32 arba and has EPS of Rs 97.24.
Womi Micofinance (WOMI) spread in 32 districts has EPS of Rs 32.41 and its NPL stands at 1.13%. Similarly, 5 district, Samata Microfinance (SMATA) and 3 districts, Nagbeli Laghubitta Bikas Bank Limited (NBBL) has EPS of Rs 44.47 and 64.07 respectively.
Mirmire Microfinance Development Bank Limited (MMFDB) with NPL of 1%, loans and advaces of Rs 82.56 crore and with EPS of Rs 51.59 stood infront of the list among 10 to 15 district microfinance.
Similarly, among 4 to 10 district microfinance, Mahuli Samudayik Laghubitta Bittiya Sanstha Limited (MSLB) has highest EPS of 107.92 and net worth per share of Rs 446.15.
(Disclaimer: Above ideas of analysis according to working areas with respect to their fundamental ratios are our view’s only. P/E ratio are calculated by using Market Price (MP) as on August 28, 2017)
- Sijan Bajracharya
