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About Midland Microfin Unlisted Shares | Buy/Sell | Live Chat
Midland Microfin Limited, established in 2011, is the first microfinance institution (MFI) based in Punjab. It is registered as a Non-Banking Financial Company-Microfinance Institution (NBFC-MFI) with the Reserve Bank of India (RBI). MML focuses on empowering women through financial and social inclusion by providing small business loans.
2. Branch Network and Expansion
- Current Network: 154 branches spread across Punjab, Haryana, Rajasthan, Uttar Pradesh, Bihar, and Chandigarh.
- 2018-19 Expansion: Opened 50 new branches, focusing on Eastern Uttar Pradesh and Bihar to enhance geographical diversity.
- Regional Offices: Established in Jaipur, Chandigarh, Varanasi, and Patna in 2019 for effective monitoring of business operations.
- 2020-21 Growth: Expanded to 217 branches, adding 20 branches in Gujarat.
3. Loan Products
- Business Loans
- Purpose: Support women entrepreneurs by providing working capital for micro-enterprises.
- Loan Size: ₹11,000 to ₹50,000.
- Interest Rate: 25.20%.
- Tenure: 1 to 2 years.
- Water Purifier Loans
- Purpose: Help households access safe drinking water to reduce medical expenses.
- Loan Size: ₹4,200 to ₹8,500.
- Interest Rate: 25.20%.
- Tenure: 6 to 11 months.
- Sewing Machine Loans
- Purpose: Provide sewing machines to support income generation.
- Loan Size: ₹3,520.
- Interest Rate: 25.20%.
- Tenure: 6 to 11 months.
- Solar Lamp Loans
- Purpose: Promote clean energy through solar lamps.
- Loan Size: ₹2,899.
- Interest Rate: 25.20%.
- Tenure: 6 to 11 months.
- Udaan – Individual Loans
- Purpose: Provide working capital and capital investment loans to loyal customers.
- Loan Size: ₹60,000 to ₹1,00,000.
- Interest Rate: 25.20%.
- Tenure: 2 years.
4. Performance Highlights
- Operational Performance
- Serves 15,734 villages.
- Borrower base: 2,96,238 as of March 31, 2019.
- Total assets grew 92% to ₹748 crores in FY19.
- Loan portfolio: ₹549.07 crores in FY19, a 56.53% increase from FY18.
- Financial Strength
- Capital Adequacy Ratio (CRAR): 23.32% in FY19 (above the minimum requirement of 15%).
- Gross NPA: 0.47% as of FY19; net NPA at 0.04%.
- Collection Efficiency: Improved to 99.66% in FY19.
- Business Updates (FY20-21)
- Asset size: ₹1,100 crores as of March 31, 2021.
- Loan disbursements: ₹688 crores in FY21 (a 33.42% decline due to COVID-19).
- Cumulative loans disbursed: ~₹3,800 crores.
- COVID-19 Resilience
- 97% of borrowers in rural areas (lower COVID-19 impact).
- 62% of borrowers engaged in essential services like dairy and agriculture.
- State-Wise Loan Distribution (FY20-21)
- Punjab: ₹1,805 crores
- Bihar: ₹650 crores
- Rajasthan: ₹627 crores
- Uttar Pradesh: ₹242 crores
- Haryana: ₹400 crores
- Others: ₹63 crores
5. Financial Updates (FY20-21)
- Gross Income: ₹192 crores (4.45% growth from ₹184 crores in FY20).
- PAT: ₹14.6 crores (21.91% decline due to higher provisions for COVID-19 impacts).
- Gross NPA: 1.69% as of March 31, 2021 (up from 0.57% in FY20).
6. Promoters and Leadership
MML is promoted by Mr. Amardeep Singh Samra, who is also the promoter of Capital Small Finance Bank. With over four decades of experience in asset financing, the promoters and their qualified team effectively manage the company’s operations.
Disclaimer*This research has been conducted on available data. Investors are advised to perform their own research and due diligence before making any investment decisions. We are not responsible for any financial losses or inaccuracies in the data provided
Pros
- Strong Rural Presence: Serves over 4 lakh customers across 15,734 villages, promoting financial inclusion.
- Stable Asset Quality History: Maintained healthy NPAs over the years despite external shocks like demonetization and COVID-19.
- Consistent Growth: Demonstrated consistent expansion in assets, branches, and loan disbursements.
Cons
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High Interest Rates: Loan interest rates at 25.20% may pose repayment challenges for borrowers.
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NPA Spikes: Gross NPA increased to 2.97% in FY24, indicating possible stress in loan recovery.
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Dependence on Borrowings: Heavy reliance on borrowings could impact profitability in high-interest rate environments.
Key Details
Financials
Promoters or Management
Annual Reports
DRHP
Frequently Asked Questions
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