Moneyboxx Finance Ltd

- Moneyboxx Finance Limited has approved an equity raise of INR 43.3 crores to reinforce the balance sheet and support secured-led growth. - This equity infusion is expected to be completed within 15 days from the call (February 13, 2026), with promoters largely contributing. - On the debt side, the company has a borrowing mix roughly split as 30% banks, 30% NBFCs, and 40% capital market instruments (NCDs). - They can raise about INR 50 crores per month through secured NCDs at approximately 12% interest. - New funding from Development Financial Institutions (DFIs) is expected next year based on ongoing discussions, which will provide reasonably sized funding. - Incremental decline in borrowing costs is limited in the short term but possible over medium term through rating improvements and capital infusion.

- The company is planning an equity raise of INR 43.3 crores to reinforce the balance sheet and support secured-led growth. - The main utilization of these funds will be for book building, enabling growth of AUM up to approximately INR 1,500 crores. - There is no mention of specific capex or strategic investment beyond strengthening the capital base for portfolio expansion. - Investments in technology continue, especially in proprietary tools like the Cattle AI application, enhancing underwriting and operational efficiency. - New partnerships (e.g., with Shell Foundation, Rabo Foundation, Gates Foundation) support secured and unsecured portfolio growth through loss guarantee schemes rather than direct capital investment. Overall, the focus is on capital infusion to enable portfolio growth and continued strategic partnerships, rather than on standalone capital expenditure projects.

- AUM (Assets Under Management) growth is expected to reach at least INR 1,500 crores by FY '27, indicating strong medium-term growth. - Excluding Asset Reconstruction Company (ARC) transactions, underlying AUM growth was 17% year-on-year, reflecting momentum in the core franchise. - Secured loans are being increased to 80% of AUM by March '27, focusing on higher-quality, lower-risk borrowers. - Disbursement strategies target better quality customers and higher ticket sizes, with 67% secured disbursements in 9 months FY '26 compared to 44% prior year. - Operating leverage is expected to improve as AUM scales, with operating expenses targeted below 10% of average AUM over the next two years. - The ongoing transition to a secured and diversified MSME portfolio is expected to drive sustainable and profitable growth combined with improved efficiency.

- Profit after tax (PAT) grew 77.6% in Q3 FY '26, signaling improvement. - Normalization of credit costs and steady collections expected to improve PAT further in coming quarters. - Credit costs expected to decline below 2% from next year, with GNPA stabilizing around 2%, indicating better asset quality. - Operating leverage will improve progressively as AUM scales across the network, with operating expenses targeted to trend below 10% of average AUM over next 2 years. - The company aims to reach AUM of INR 1,500 crores by FY '27, supporting profit growth. - With equity infusion, improved credit rating, and funding cost reductions, net interest margins and profitability should improve medium term. - Legal recovery efforts and portfolio shift to secured lending expected to stabilize and enhance earnings quality starting FY '27 onwards. - Overall, sustainable and profitable growth as AUM acceleration combines with efficiency and stable asset quality is expected.

The transcript does not explicitly mention the current or expected order book or pending orders for Moneyboxx Finance Limited. However, some relevant points related to the loan book and business pipeline include: - As of December 2025, Assets Under Management (AUM) stood at INR 878 crores, with a year-on-year growth of 5% and underlying AUM growth of 17% excluding ARC transactions. - Disbursement demand is strong, evidenced by INR 200 crores worth of monthly loan "log-ins," though actual disbursements are more selective (~20% of log-ins). - The company plans to grow AUM to at least INR 1,500 crores by FY '27, supported by the recent INR 43 crore equity raise. - Fundraising through NCDs and banks is healthy, with the capability to raise INR 50 crores monthly via capital markets. - Transition towards secured MSME loans (targeting ~80% secured by March '27) reflects portfolio quality improvement. No direct data on formal order book or pending orders is provided.