Any current/future new fundraising through debt or equity?

The company expects no significant issues in raising equity going forward; promoter plans to put in additional equity of INR 4.9 crores. Debt raising is supported by multiple sources: PTC securitization, retail NCDs (recently raised INR 25 crores via Wint platform), and co-lending/business correspondence lines totaling about INR 45 crores per month. With improving credit ratings (currently BBB- stable, expecting upgrade to BBB and BBB+ during the financial year), the company aims to diversify and improve funding profile, including potential access to foreign funds and DFIs like KFW impact

Any current/future capex/capital investment/strategic investment?

The company is actively expanding its branch network, targeting 100 branches by March 2024 and aiming for 400 branches by FY28/FY29. Geographical expansion is planned with entry into 2-3 new states annually, including two in South India. Capital infusion includes additional equity infusion, for example INR 4.9 crores by promoters recently. The company is focusing on improving capital structure with a targeted leverage of around 4x and net worth around INR 170 crores leading to AUM potential of up to INR 1,200 crores. Investment in building a strong operational and collection team is ongoing, i

Future growth expectations in sales/revenue/volumes?

AUM expected to comfortably reach INR 1,000 crores to INR 1,200 crores in near term (Page 18-19). Plans to open around 400 branches by FY28-FY29 (Page 12, 20). Target AUM of INR 6,000 crores-plus by 2028 (Page 12). Strong business performance expected with continued geographical expansion and product diversification (Page 20). Growth driven by increase in secured loan portfolio from 5% in March 2023 to 22-25% by March 2024, targeting majority secured portfolio (~60%) by FY28 (Page 4, 12). New products like agroforestry, veterinary services, biodiversity features to support steady vol

Future growth expectations in earnings/operating earnings/profits/EPS?

The company expects strong business performance and expansion to continue, with a target of 100 branches by March and 400 branches by FY28/FY29. Operating leverage will kick in, leading to a decline in operating expenses relative to income, supporting profit growth. Return on equity (ROE) is expected to improve from the current 8.6% to over 15% by FY26 and potentially reach 20%+ in coming years. Credit rating expected to improve by at least two notches during the financial year, which will help reduce borrowing costs. Incremental borrowing cost has declined significantly (from above 15

Moneyboxx Fin.Q3 FY24Finance

Moneyboxx Fin. Q3 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹54P/E: 272.9Market Cap: ₹357 CrSector: Finance

Management growth scorecard

Revenue

Category 2

Margin

Category 2

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

AUM expected to comfortably reach INR 1,000 crores to INR 1,200 crores in near term (Page 18-19).
Plans to open around 400 branches by FY28-FY29 (Page 12, 20).
Target AUM of INR 6,000 crores-plus by 2028 (Page 12).
Strong business performance expected with continued geographical expansion and product diversification (Page 20).
Growth driven by increase in secured loan portfolio from 5% in March 2023 to 22-25% by March 2024, targeting majority secured portfolio (~60%) by FY28 (Page 4, 12).
New products like agroforestry, veterinary services, biodiversity features to support steady volume growth (Page 20).
Disbursements growing at 55% YoY (Page 3).
Focus on improving operational efficiency and borrowing costs to enhance profitability alongside growth (Page 19-20).

Margin guidance

Category 2

The company expects strong business performance and expansion to continue, with a target of 100 branches by March and 400 branches by FY28/FY29.
Operating leverage will kick in, leading to a decline in operating expenses relative to income, supporting profit growth.
Return on equity (ROE) is expected to improve from the current 8.6% to over 15% by FY26 and potentially reach 20%+ in coming years.
Credit rating expected to improve by at least two notches during the financial year, which will help reduce borrowing costs.
Incremental borrowing cost has declined significantly (from above 15.5% last year to approx 12.84% in Q3), aiding profitability.
Profit after tax improved to INR 5.02 crores in 9M FY24 from a loss of INR 7.22 crores last year, with further profitability expected driven by better spreads and cost control.
Earnings growth is expected, supported by a doubling of AUM and cautious asset quality management.

See what Moneyboxx Fin. management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The company expects no significant issues in raising equity going forward; promoter plans to put in additional equity of INR 4.9 crores.
Debt raising is supported by multiple sources: PTC securitization, retail NCDs (recently raised INR 25 crores via Wint platform), and co-lending/business correspondence lines totaling about INR 45 crores per month.
With improving credit ratings (currently BBB- stable, expecting upgrade to BBB and BBB+ during the financial year), the company aims to diversify and improve funding profile, including potential access to foreign funds and DFIs like KFW impact funds.
The company targets to reduce borrowing costs steadily as AUM grows.
No explicit mention of future large equity rounds; focus appears on efficient capital structure optimization and leveraging various debt instruments for growth.

Order book

The transcript does not specifically mention current or expected order book or pending orders for Moneyboxx Finance Limited. However, relevant insights related to growth and portfolio include: - AUM increased by 124% YoY to INR 530 crores in Q3 FY24, growing 18% sequentially. - Disbursements up 55% YoY to INR 155 crores in Q3 FY24; 92% growth in 9M to INR 374 crores. - The company expects to build around INR 1,000 to 1,200 crores AUM post recent equity fundraising. - Plans to expand branches to 100 by March and 400 by FY28/FY29. - Estimated AUM target of INR 6,000 crores by 2028. - Geographic expansion ongoing, now spanning eight states, with plans to add two to three more states next year. No specific mention of order book or pending orders was provided in the call transcript.

See what Moneyboxx Fin. management said on order book — free account, 30 seconds.

Capex plans

Yes

The company is actively expanding its branch network, targeting 100 branches by March 2024 and aiming for 400 branches by FY28/FY29.
Geographical expansion is planned with entry into 2-3 new states annually, including two in South India.
Capital infusion includes additional equity infusion, for example INR 4.9 crores by promoters recently.
The company is focusing on improving capital structure with a targeted leverage of around 4x and net worth around INR 170 crores leading to AUM potential of up to INR 1,200 crores.
Investment in building a strong operational and collection team is ongoing, including hiring collection staff and enhancing collection practices.
They have launched new product features such as agroforestry, veterinary services, and biodiversity-related products.
Plans include raising funds via PTC securitisation, retail NCDs, and potentially foreign funds as rating improves.
Overall, strategic capital investment is focused on growth, geographic diversification, product innovation, and strengthening operations.

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Moneyboxx Fin. Q3 FY24 Earnings Call Analysis

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