Monday, November 28, 2016

Microfinance; First Quarter Report - Nepal Stock Market Update Analysis

Table 1: Nepal Stock Update – Net Profit Analysis.
Nepal Stock Update – Net Profit Analysis.
There are almost thirty Micro-finance Companies providing credit services to the customers in rural area. Due to high profitability ratio of Micro-finance Company, investors are attracted to invest on it. Here is the list of Micro-finance Companies declared their first quarter reports (Q1).  As per the unaudited financial reports of the first quarter published by 30 Micro-finance Companies, Naya Nepal Microfinance Company (NNLB) has increased its net profit by 365.04% as compared to corresponding period of previous fiscal year. Similarly, Support Microfinance increased its net profit by 208.74%.

Table 1: Nepal Stock UpdateNet Profit Analysis.

S.N
Name
Paid Up
Capital
(Q1)
Reserve &
Surplus
Net '000'
 Profit (Q1)
Increase
EPS
Microfinance
 Rs in '000'
 Rs in '000'
This
 Quarter
Corresponding Previous Q1
%
Annualized
1
Naya Nepal Micro
   20,000.00
      12,752.00
     1,198.00
       (452.00)
  365.04
       23.96
2
Support Microfinance
   42,000.00
       (2,250.79)
        422.02
       (388.09)
  208.74

3
Nepal Grameen Bikas
 557,500.00
      45,885.00
   30,126.00
   10,974.00
  174.52
       21.62
4
Laxmi Microfinance
 110,000.00
      95,756.00
   24,873.00
   10,330.00
  140.78
       90.54
5
Suryodaya Laghubitta
   28,000.00
      24,056.00
     6,682.56
     2,974.74
  124.64

6
National Microfinance
 100,000.00
      66,524.00
   18,391.00
     8,330.00
  120.78
       73.56
7
NMB Microfinance
   86,300.00
      31,000.00
     9,485.00
     4,587.00
  106.78
       43.94
8
Nirdhan Utthan
 600,000.00
    655,165.00
 157,080.00
   79,967.00
     96.43
       41.89
9
Vijaya Laghubitta
 140,000.00
      38,007.14
     7,537.18
     4,186.80
     80.02
       21.52
10
Nerude Laghubitta
 180,000.00
    221,053.04
   14,195.00
     8,131.00
     74.57
       31.54
11
Sana Kisan Bikas
 402,449.88
    995,184.84
   79,137.76
   48,862.17
     61.96
       78.66
12
Diprox Laghubitta
 257,923.84
    512,862.64
   69,347.11
   43,152.67
     60.70
       26.89
13
Nagbeli Laghubitta
   25,000.00
      59,829.59
     8,759.66
     5,958.04
     47.02
     125.57
14
I.L.F.C.O Micro
 100,000.00
        7,227.73
     1,482.29
     1,075.42
     37.83
         3.77
15
First Microfinance
 264,500.00
      56,900.00
   15,000.00
   11,000.00
     35.96
       22.74
16
Mero Microfinance
 200,000.00
    118,311.34
   21,426.61
   15,819.56
     35.44
       42.84
17
RSDC Laghubitta
 100,000.00
      28,762.00
     4,396.00
     3,283.00
     33.90
       17.58
18
Summit Microfinance
   72,500.00
      47,500.00
   10,278.00
     8,415.00
     22.13
       14.18
19
Chhimek Laghubitta
 595,748.00
    865,704.00
 126,653.00
 105,400.00
     20.16
       85.04
20
Mirmire Microfinance
   20,000.00
      23,126.43
     3,139.57
     2,766.29
     13.49
       62.69
21
Womi Microfinance
   46,800.00
      18,300.00
     5,267.00
     4,707.00
     11.89
       58.52
22
Janautthan Samudayic
   20,000.00
      25,623.54
     2,446.46
     2,272.31
       7.66

23
RMDC
 692,120.00
 1,144,014.36
   39,872.54
   37,624.67
       5.97
       23.04
24
Mahila Sahayatra
 110,000.00
      23,743.44
     1,753.79
     1,657.75
       5.79
         6.38
25
Mithila Laghubitta
   50,668.70
      19,763.01
        989.06
        967.71
       2.20
         7.81
26
Kisan Microfinance
   20,000.00
        6,492.53
     4,198.31
     4,122.42
       1.84
       20.99
27
Swarojgar Laghubitta
   53,680.00
      57,294.84
     6,128.54
     6,093.01
       0.58
       45.68
28
Swabalamban Micro
 312,300.00
    747,500.00
   70,330.00
   72,119.00
     (2.48)
       90.06
29
Kalika Nicrocredit
   50,000.00
      66,882.00
     5,515.00
     5,914.00
     (6.74)
     107.71
30
Reliable Microfinance
   56,500.00
      25,485.56
     3,754.62
     4,348.25
   (13.65)
       26.58

Table 2: Nepal Stock Update – EPS Analysis
Nepal Stock Update – EPS Analysis
As compared to earnings per share (EPS), Nagbeli Laghubitta (NBBL) stands in the 1st position worth EPS Rs 125.57, Kalika Microfinance (KMCDB) stands in the 2nd position with EPS Rs 107.71, Laxmi Microfinance (LLBS) stands in 3rd position with EPS Rs 90.54 respectively.

Table 2: Nepal Stock UpdateEPS Analysis

S.N
Name
Paid Up
Capital
(Q1)
Reserve &
Surplus
Net '000'
 Profit (Q1)
Increase
EPS
Microfinance
 Rs in '000'
 Rs in '000'
This
 Quarter
Corresponding Previous Q1
%
Annualized
1
Nagbeli Laghubitta
   25,000.00
      59,829.59
     8,759.66
     5,958.04
     47.02
     125.57
2
Kalika Nicrocredit
   50,000.00
      66,882.00
     5,515.00
     5,914.00
     (6.74)
     107.71
3
Laxmi Microfinance
 110,000.00
      95,756.00
   24,873.00
   10,330.00
  140.78
       90.54
4
Swabalamban Micro
 312,300.00
    747,500.00
   70,330.00
   72,119.00
     (2.48)
       90.06
5
Chhimek Laghubitta
 595,748.00
    865,704.00
 126,653.00
 105,400.00
     20.16
       85.04
6
Sana Kisan Bikas
 402,449.88
    995,184.84
   79,137.76
   48,862.17
     61.96
       78.66
7
National Microfinance
 100,000.00
      66,524.00
   18,391.00
     8,330.00
  120.78
       73.56
8
Mirmire Microfinance
   20,000.00
      23,126.43
     3,139.57
     2,766.29
     13.49
       62.69
9
Womi Microfinance
   46,800.00
      18,300.00
     5,267.00
     4,707.00
     11.89
       58.52
10
Swarojgar Laghubitta
   53,680.00
      57,294.84
     6,128.54
     6,093.01
       0.58
       45.68
11
NMB Microfinance
   86,300.00
      31,000.00
     9,485.00
     4,587.00
  106.78
       43.94
12
Mero Microfinance
 200,000.00
    118,311.34
   21,426.61
   15,819.56
     35.44
       42.84
13
Nirdhan Utthan
 600,000.00
    655,165.00
 157,080.00
   79,967.00
     96.43
       41.89
14
Nerude Laghubitta
 180,000.00
    221,053.04
   14,195.00
     8,131.00
     74.57
       31.54
15
Diprox Laghubitta
 257,923.84
    512,862.64
   69,347.11
   43,152.67
     60.70
       26.89
16
Reliable Microfinance
   56,500.00
      25,485.56
     3,754.62
     4,348.25
   (13.65)
       26.58
17
Naya Nepal Micro
   20,000.00
      12,752.00
     1,198.00
       (452.00)
  365.04
       23.96
18
RMDC
 692,120.00
 1,144,014.36
   39,872.54
   37,624.67
       5.97
       23.04
19
First Microfinance
 264,500.00
      56,900.00
   15,000.00
   11,000.00
     35.96
       22.74
20
Nepal Grameen Bikas
 557,500.00
      45,885.00
   30,126.00
   10,974.00
  174.52
       21.62
21
Vijaya Laghubitta
 140,000.00
      38,007.14
     7,537.18
     4,186.80
     80.02
       21.52
22
Kisan Microfinance
   20,000.00
        6,492.53
     4,198.31
     4,122.42
       1.84
       20.99
23
RSDC Laghubitta
 100,000.00
      28,762.00
     4,396.00
     3,283.00
     33.90
       17.58
24
Summit Microfinance
   72,500.00
      47,500.00
   10,278.00
     8,415.00
     22.13
       14.18
25
Mithila Laghubitta
   50,668.70
      19,763.01
        989.06
        967.71
       2.20
         7.81
26
Mahila Sahayatra
 110,000.00
      23,743.44
     1,753.79
     1,657.75
       5.79
         6.38
27
I.L.F.C.O Micro
 100,000.00
        7,227.73
     1,482.29
     1,075.42
     37.83
         3.77
28
Support Microfinance
   42,000.00
       (2,250.79)
        422.02
       (388.09)
  208.74

29
Suryodaya Laghubitta
   28,000.00
      24,056.00
     6,682.56
     2,974.74
  124.64

30
Janautthan Samudayic
   20,000.00
      25,623.54
     2,446.46
     2,272.31
       7.66