Asset Quality Improvement
Expected: CurrentHIGH confidence
What: GNPA: 1.43%
Impact: Credit cost moderated to 2.07%
“Our own book GNPA reduced sharply to 1.43% from 5.6% a year ago... Credit costs moderated to 2.07% compared to 4.7% last year.”
Moneyboxx Finance Ltd: Stock Analysis & Fundamentals
Updated this weekMoneyboxx Finance Ltd (Finance & Investments - MSME Lending) — fundamental analysis, earnings data, and key metrics. ROE: 0.6%. This stock is not currently in the Nifty 500 momentum outperformers list.
Earnings Acceleration Triggers
1. Asset Quality Improvement
CurrentHIGH
2. Interest Cost Reduction Deleveraging
CurrentMEDIUM
3. Value Added Product Mix Shift
FY27MEDIUM
Key Risks
1. MFI sector stress impacting asset quality and growth
MEDIUM2. Potential impact of new Labor Codes on costs
LOWSector-Specific Signals
Gross NPA %1.43%-417 bps
Net NPA %0.72%-216 bps
Net Interest Margin %14%-260 bps
Average Cost of Funds12.7%Not Given
Key Numbers
Current Price
₹73
Market Cap
508 Cr
Valuation
N/AWhy Are Moneyboxx Finance Ltd's Earnings Accelerating?
Based on Q3 FY26 earnings • Updated Apr 18, 2026
Interest Cost Reduction Deleveraging
Expected: CurrentMEDIUM confidence
What: Marginal Cost of Funds: 11.8%
Impact: 90 bps reduction vs average
“Our average cost of funds has reduced to 12.7%, but marginal cost of funding has reduced to 11.8% for the first time.”
Value Added Product Mix Shift
Expected: FY27MEDIUM confidence
What: Secured AUM %: 60%
Impact: Targeting 80% by FY27
“Secured loans now constitute 60% of AUM compared to 38% a year ago... We remain on track to move towards approximately 80% secured AUM by March '27.”
Operating Leverage Inflection
Expected: 2 yearsMEDIUM confidence
What: OPEX % of AUM: <10%
Impact: Targeting <10% OPEX
“Over the next 2 years, we are targeting operating expenses to trend below 10% of average AUM as scale builds.”
Management Or Ownership Change
Expected: Current MonthLOW confidence
What: Equity Raise: ₹43.3 Cr
Impact: Net worth to cross ₹300 Cr
“Additionally, the Board has approved an equity raise of INR43.3 crores... largely promoters are the contributors.”
PAT growth of 77.6% YoY
HIGH confidence
What: PAT growth of 77.6% YoY
“Profit after tax grew 77.6% to INR0.35 crores. Disciplined provisioning, steady collections and normalization of credit costs will continue to improve PAT.”
What Are the Key Risks for Moneyboxx Finance Ltd?
Earnings deceleration risks from management commentary
MFI sector stress impacting asset quality and growth
MEDIUMTrigger: The MFI crisis since June '24 led to higher slippages and tapered AUM growth.
Impact: PAT impact: Not Given
Management view: Shifting to secured lending and tightening credit norms.
Monitor: commodity
Potential impact of new Labor Codes on costs
LOWTrigger: Rollout of new Labor Codes may lead to near-term cost adjustments.
Impact: PAT impact: Not Given
Management view: Monitoring the situation; expected to support formalization long-term.
Monitor: regulatory
What Is Moneyboxx Finance Ltd's Management Saying?
Key quotes from recent conference calls
“We confidently target a secured lending share of 70% by March 2026, which we believe will play a critical role. [Previous Secured Lending Share guidance]”
“And definitely, we are targeting over 25% growth to maybe 30% growth at least in the coming year as well in terms of AUM growth. [Previous AUM Growth guidance]”
“We remain on track to move towards approximately 80% secured AUM by March '27. This structural transition is central to improving asset quality. [Initiative: Secured Lending Pivot]”
“Our proprietary Cattle AI application enables unique livestock identification, reduces fraud risk... It has reduced processing timelines by 20% to 30%. [Initiative: Cattle AI Application]”
What Did Moneyboxx Finance Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹54.7 Cr
YoY +5.6%QoQ -0.5%
Why: Total income growth was driven by a 17% underlying AUM growth, excluding the impact of the ARC transaction.
Revenue growth appears muted at 5.6% due to the high base effect of the previous year's ARC transaction.
PAT
₹0.35 Cr
YoY +77.6%QoQ +16.7%
Why: Profit growth was driven by disciplined provisioning, steady collections, and the normalization of credit costs.
While PAT grew significantly in percentage terms, the absolute base remains very low at ₹0.35 Cr.
Other Highlights
• Own book GNPA reduced sharply to 1.43% from 5.6% a year ago.
• Secured loans now constitute 60% of AUM compared to 38% a year ago.
• Average cost of funds reduced to 12.7%, with marginal cost at 11.8%.
What Sector Metrics Matter for Moneyboxx Finance Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Gross NPA %
1.43%
YoY -417 bpsQoQ -183 bps
Why: Driven by ARC transaction and improved collection efficiency.
Net NPA %
0.72%
YoY -216 bpsQoQ -94 bps
Why: Reflects disciplined provisioning and asset quality improvement.
Net Interest Margin %
14%
YoY -260 bpsQoQ 0 bps
Why: Moderated due to the strategic shift towards lower-yielding secured lending.
Average Cost of Funds
12.7%
YoY Not GivenQoQ -10 bps
Why: Strengthened funding profile and record NCD raises.
Collection Efficiency
94%
YoY Not GivenQoQ +150 bps
Why: Improving resolution trends across all buckets.
Secured AUM %
60%
YoY +2200 bpsQoQ +500 bps
Why: Deliberate strategic pivot to strengthen the portfolio.
Capital Adequacy Ratio
26.68%
YoY Not GivenQoQ -42 bps
Why: Comfortably above regulatory requirements.
Credit Cost %
2.07%
YoY -263 bpsQoQ -95 bps
Why: Normalization of slippages and better resolution.
Total Branches
160
YoY Not GivenQoQ -3 units
Why: Consolidation of non-performing branches.
Bucket 1 & 2 Resolution
60%
YoY Not GivenQoQ Not Given
Why: Highest since inception due to corrective measures.
What Is Moneyboxx Finance Ltd's Management Guidance?
Forward-looking targets from management for 2 years
OPM Guidance
10%
Capex Plan
₹43.3 Cr
Margin Outlook
Targeting OPEX below 10% of average AUM
Capex Plan
₹43.3 Cr
Equity raise for book building
Volume
Targeting AUM of ₹1,500 Cr
Management Tone: BULLISH
Guidance Changes
LOWERED
AUM Target FY27: ₹1,800 Cr → ₹1,500 Cr
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Moneyboxx Finance Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Moneyboxx Finance Ltd's latest quarterly results?
Moneyboxx Finance Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +75.0%
- Revenue Growth YoY: +5.6%
- Net Interest Margin: 5.00%
What is Moneyboxx Finance Ltd's price-to-book ratio?
Moneyboxx Finance Ltd's price-to-book ratio is 1.8x.
- Price-to-Book (P/B): 1.8x
- Book Value per Share: ₹40
- Current Price: ₹73
Is Moneyboxx Finance Ltd a fundamentally strong company?
Moneyboxx Finance Ltd's fundamental strength based on key financial ratios
- Return on Equity (ROE): 1.0%
Is Moneyboxx Finance Ltd debt free?
Moneyboxx Finance Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹639 Cr
What is Moneyboxx Finance Ltd's return on equity (ROE) and ROCE?
Moneyboxx Finance Ltd's return ratios over recent years
- FY2023: ROE -12.0%
- FY2024: ROE 7.0%
- FY2025: ROE 1.0%
Is Moneyboxx Finance Ltd's cash flow positive?
Moneyboxx Finance Ltd's operating cash flow is negative (FY2025).
- Cash from Operations (CFO): ₹-225 Cr
- Free Cash Flow (FCF): ₹-236 Cr
- CFO/PAT Ratio: -22500% (weak cash conversion)
What is Moneyboxx Finance Ltd's dividend yield?
Moneyboxx Finance Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹73
Who holds Moneyboxx Finance Ltd shares — promoters, FII, DII?
Moneyboxx Finance Ltd's shareholding pattern (Mar 2026)
- Promoters: 46.8%
- FII (Foreign): 0.0%
- DII (Domestic): 0.0%
- Public: 53.2%
Is promoter holding increasing or decreasing in Moneyboxx Finance Ltd?
Moneyboxx Finance Ltd's promoter holding has increased recently.
- Current Promoter Holding: 46.8% (Mar 2026)
- Previous Quarter: 44.6% (Dec 2025)
- Change: +2.21% (increasing — positive signal)
Is Moneyboxx Finance Ltd a new momentum entry or an established outperformer?
Moneyboxx Finance Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Moneyboxx Finance Ltd?
Moneyboxx Finance Ltd has 6 key growth catalysts identified from recent earnings analysis
- Asset Quality Improvement — Driven by ARC transaction and improved resolution trends in early buckets.
- Interest Cost Reduction Deleveraging — Strengthened funding profile with 31 lenders and record NCD raises.
- Value Added Product Mix Shift — Moving towards higher ticket sizes and better quality borrowers.
- Operating Leverage Inflection — Existing branch network can support AUM growth without proportionate cost escalation.
What are the key risks in Moneyboxx Finance Ltd?
Moneyboxx Finance Ltd has 2 key risks worth monitoring
- [MEDIUM] MFI sector stress impacting asset quality and growth — The MFI crisis since June '24 led to higher slippages and tapered AUM growth.
- [LOW] Potential impact of new Labor Codes on costs — Rollout of new Labor Codes may lead to near-term cost adjustments.
What did Moneyboxx Finance Ltd's management say in the latest earnings call?
In Q3 FY26, Moneyboxx Finance Ltd's management highlighted
- "We confidently target a secured lending share of 70% by March 2026, which we believe will play a critical role. [Previous Secured Lending Share guida..."
- "And definitely, we are targeting over 25% growth to maybe 30% growth at least in the coming year as well in terms of AUM growth. [Previous AUM Growth..."
- "We remain on track to move towards approximately 80% secured AUM by March '27. This structural transition is central to improving asset quality. [Ini..."
What is Moneyboxx Finance Ltd's management guidance for growth?
Moneyboxx Finance Ltd's management has provided the following forward guidance for 2 years
- Revenue outlook: Not Given
- OPM guidance: 10%
- Capex plan: ₹43.3 Cr for Equity raise for book building
- Management tone: bullish
- Milestone: [LOWERED] AUM Target FY27: ₹1,800 Cr → ₹1,500 Cr
What sector-specific metrics matter most for Moneyboxx Finance Ltd?
Moneyboxx Finance Ltd's most important sub-sector-specific KPIs from the latest concall
- Gross NPA %: 1.43% (YoY -417 bps) (QoQ -183 bps) — Driven by ARC transaction and improved collection efficiency.
- Net NPA %: 0.72% (YoY -216 bps) (QoQ -94 bps) — Reflects disciplined provisioning and asset quality improvement.
- Net Interest Margin %: 14% (YoY -260 bps) (QoQ 0 bps) — Moderated due to the strategic shift towards lower-yielding secured lending.
- Average Cost of Funds: 12.7% (YoY Not Given) (QoQ -10 bps) — Strengthened funding profile and record NCD raises.
- Collection Efficiency: 94% (YoY Not Given) (QoQ +150 bps) — Improving resolution trends across all buckets.
- Secured AUM %: 60% (YoY +2200 bps) (QoQ +500 bps) — Deliberate strategic pivot to strengthen the portfolio.
Is Moneyboxx Finance Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Moneyboxx Finance Ltd may be worth studying
- Currently showing mixed signals — monitor for clearer trend confirmation
What is the investment thesis for Moneyboxx Finance Ltd?
Moneyboxx Finance Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Asset Quality Improvement
Risk Factors (Bear Case)
- Key risk: MFI sector stress impacting asset quality and growth
What is the future outlook for Moneyboxx Finance Ltd?
Moneyboxx Finance Ltd's forward outlook based on current data signals
- Key Catalyst: Asset Quality Improvement
- Key Risk: MFI sector stress impacting asset quality and growth
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.