National Microfinance (NMFBS) Dividend History and Stock Analysis
The National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has proposed a 38.5% bonus dividend for the fiscal year 2078/79. The company’s board of directors proposed a distribution of bonus shares worth Rs. 22.58 crores, which will be taken from the company’s paid-up capital of Rs. 58.66 crores. The distribution of the dividend is subject to approval by Nepal Rastra Bank and endorsement by the company’s upcoming annual general meeting.
About the Company
National Microfinance Bittiya Sanstha Ltd. (NMBSL) is a public company that was registered on October 31, 2013 and received its operational license from Nepal Rastra Bank on June 11, 2014. The company operates as a “D” class financial institution, with the goal of becoming a strong and reliable microfinance institution in Nepal. The company is led by a seven-member board of directors, chaired by Mr. Keshavprashad Acharya, and has a CEO, Ram Bahadur Yadav. As a national level microfinance institution, NMBSL serves customers and operates branches all over Nepal. Within a short period of operation, it has established 100 branches in all 7 provinces of the country.
| Symbol | NMFBS |
| Name | National Microfinance Laghubitta Bittiya Sanstha Limited |
| Sector | Microfinance |
| Listed Shares | 5,866,756.00 units |
| Paid Up | Rs. 100.00 |
| Total Paid Up Value | Rs. 586,675,600.00 |
| Operation Date | 11/06/14 |
| Number of Branches | 100 |
| CEO | Ram Bahadur Yadav |
| Chairman | Keshavprashad Achary |
NMFBS Dividend History
Since its establishment, the company has averaged a 44.5% dividend payout each year, with bonus shares making up 36.58% and cash dividends accounting for 7.67%.
| S.N. | Bonus Dividend(%) | Cash Dividend(%) | Total Dividend(%) | Fiscal Year |
| 1 | 38.5 | 0 | 38.5 | 2078/2079 |
| 2 | 40 | 5 | 45 | 2077/2078 |
| 3 | 21 | 6 | 27 | 2076/2077 |
| 4 | 75 | 5 | 80 | 2075/2076 |
| 5 | 25 | 15 | 40 | 2074/2075 |
| 6 | 20 | 15 | 35 | 2073/2074 |
| Average | 36.58 | 7.67 | 44.25 |
Fundamentals as per Q1 2078/79
Fundamentally, the company is in a strong position with a net worth of 259.16 and an EPS of 69.79.
| Particulars (Rs. in ‘000) | 1st Quarter 2079/2080 |
| Paid up Capital | 586,675.00 |
| Reserve and Surplus | 933,764.00 |
| Total Capital and Liabilities | 11,772,597.00 |
| Total Assets | 11,772,597.00 |
| Net Profit/Loss | 102,363.00 |
| Cost to Income Ratio (in%) | 41 |
| Net Interest Income to Total Income (in%) | 62 |
| Staff Expenses / Total Expenses (in%) | 74 |
| Non interest Income to Operating Cost (in%) | 93 |
| Interest Expenses to Interest Income (in%) | 61 |
| Networth per Share (Rs.) | 259.16 |
| Earnings per Share (EPS Annualized – Rs.) | 69.79 |
| Price to Earning Ratio (PE ratio – times) | 28.66 |
| Price to Book Value Ratio (Pb ratio – times) | 7.72 |
| Total Shareholder’s Equity (in Rs ‘000’) | 1,520,439,000.00 |
| No. of Outstanding Shares | 5,866,750.00 |
| Return on Equity (ROE %) | 26.93 |
| Return on Assets (ROA %) | 3.48 |
