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PROFL ( Progressive Finance Limited )

ISIN Number : NPE154A00002

As of Mar 30, 2021
158.00
2
1.25 %
Open
160
High
161
Low
157
Volume
6181
Prev. Close
160
Bid Price
---
Ask Price
111 ( 25 )
BASIC CHART
KEY INDICATORS
Market Capitalization
रू 126.42 करोड
Outstanding Shares
8001000
Book Value
111.55
PBV
1.42
Stock P/E
22.41
Dividend
--
EPS
7.05
PB X PE
31.74
ROE
--
ROA
--
CAR
41.96
Industrial PE
7.27
Industrial EPS
9.24
52 Weeks High-Low
198 - 100
Lifetime High-Low
339 - 94
180 Day Average Price
155.09
PROMOTER SHARE VALUE
Progressive Finance Limited Promoter Share ( PROFLP )
Open
101.00
High
101.00
Low
101.00
Close
101.00
Classic Tech Red Label
PRICE PERFORMANCE
5 Days ---
1 Month ---
3 Months ---
YTD ---
1 Year ---
5 Years
-20.60%
COMPETITORS
Name chg % Market cap
BFC 0.00 % रू 134.28 करोड
CEFL 1.94 % रू 40.4 करोड
CFCL 1 % रू 163.86 करोड
JFL 0.39 % रू 156.11 करोड
SFCL 0.5 % रू 80.77 करोड
MORE ON WEB
No floorsheets were found.
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STOCK TRADING STRATEGIES
No strategies are available.
TOP BROKERS (As of - Mar 31, 2021)
Sell Buy
Code Qty Amt Commission (Est) Qty Amt Commission (Est) Total Amount Total Commission
33 --- --- --- --- --- --- रू 0 रू 0
37 --- --- --- --- --- --- रू 0 रू 0
41 --- --- --- --- --- --- रू 0 रू 0
45 --- --- --- --- --- --- रू 0 रू 0
49 --- --- --- --- --- --- रू 0 रू 0
56 --- --- --- --- --- --- रू 0 रू 0
57 --- --- --- --- --- --- रू 0 रू 0
1_RWS --- --- --- --- --- --- रू 0 रू 0
6 --- --- --- --- --- --- रू 0 रू 0
8 --- --- --- --- --- --- रू 0 रू 0

Condensed Consolidated Statement of Financial Position

Particular
This Quarter
77/78 - 2nd Quarter
Previous Quarter
77/78 - 1st Quarter
Corresponding Previous Year Quarter
76/77 - 2nd Quarter
Cash and cash equivalent 564,217,455 559,408,863 1,016,118,074
Due from Nepal Rastra Bank 200,187,440 109,402,220 117,442,180
Placement with Bank and Financial Institutions
Derivative Financial Instruments
Other Trading Assets
Loan and advances to B/Fis 346,498,020 504,778,069 370,178,404
Loan and advances to Customers 1,683,866,553 1,221,150,277 1,058,883,203
Investment Securities 430,517,919 401,267,650 110,089,248
Current Tax Assets
Investment in Subsidiaries
Investment in Associates
Investment Property
Property and Equipment 73,922,851 72,389,047 31,944,879
Goodwill and Intangible assets 1,813,650 1,538,523 1,714,521
Deferred Tax Assets
Other Assets 42,547,840 36,424,984 19,351,544
Total Assets 3,343,571,729 2,906,359,633 2,725,722,052
Liabilities
Due to bank and Financial Institutions 184,680,290 114,154,288 925,862,090
Due to Nepal Rastra Bank 50,682,345
Derivative Financial Instrument
Deposit from Customers 2,183,775,358 1,948,466,784 956,800,800
Borrowings
Current Tax Liabilities 2,866,885 3,042,997
Provisions
Deferred Tax Liabilities 1,955,672 4,450,156 2,876,829
Other Liabilities 26,888,054 2,517,880 19,526,766
Debt securities issued
Subordinated Liabilities
Total Liabilities 2,450,848,605 2,072,632,105 1,905,066,484
Total Liabilities 2,450,848,605 2,072,632,105 1,905,066,484
Equity
Share Capital 800,100,000 800,100,000 800,100,000
Share Premium 7,124,781 7,124,781 7,124,781
Retained Earnings 41,306,376 -35,475,017 -10,130,260
Reserves 44,191,966 61,977,763 23,561,046
Total equity attributable to equity holders 892,723,123 833,727,527 820,655,568
Non-controlling interest
Total Equity 892,723,123 833,727,527 820,655,568
Total Liabilities and Equity 3,343,571,729 2,906,359,633 2,725,722,052

Condensed Consolidated Statement of Profit or Loss

Particular This Quarter Previous Quarter Corresponding Previous Year Quarter
Interest Income 107,704,427 50,331,999 99,195,239
Interest Expense 71,558,448 36,872,060 57,287,941
Net interest Income 36,145,979 13,459,939 41,907,298
Fees and Commission Income 3,871,101 53,759 4,954,574
Fees and Commission Expense
Net fee and commission income 3,871,101 53,759 4,954,574
Net interest, fee and commission income 40,017,080 13,513,698 46,861,872
Net Trading income
Other Operating Income 10,154,548 3,191,142 698,180
Total Operating Income 50,171,627 16,704,841 47,560,052
Impairment charge/(reversal) for loans and other losses -2,486,232 20,321,761 35,550,001
Net Operating Income 52,657,860 -3,616,920 12,010,051
Loans and Other Losses
Operating Expenses
Personal Expense 22,606,566 9,205,527 15,655,588
Other Operating Expense 17,984,981 8,318,861 13,881,061
Depreciation and Amortization 5,507,409 2,575,040 3,477,227
Operating Profit 6,558,905 -23,716,349 -21,003,825
Non operating Income 33,753,794 33,000 6,533
Non operating expenses 23,163
Profit before Income Tax 40,289,537 -23,683,349 -20,997,292
Income tax Expenses
   Current Tax 12,086,861
   Deferred Tax
Profit/(loss) for the period 28,202,676 -23,683,349 -20,997,292

Condensed Consolidated Statement of Comprehensive Income

Particular
This Quarter
77/78 - 2nd Quarter
Previous Quarter
77/78 - 1st Quarter
Corresponding Previous Year Quarter
76/77 - 2nd Quarter
Profit/(loss) for the period 28,202,676 -23,683,349 -20,997,292
Other Comprehensive Income 6,530,950 2,294,919
Total Comprehensive Income 34,733,626 -21,388,430 -23,870,090
Basic Earning per share 7 -11 -6
Diluted Earning per share 7 -11 -3
Profit attributable to:
   Equity holders of the Bank 34,733,626 -23,683,349 -20,997,292
   Non-controlling interests
Total 34,733,626 -23,683,349 -20,997,292
Statement of Distributable Profit and Loss
Net Profit for the Quarter ended 28,202,676 -23,683,349
1. Appropriations
1.1 Profit required to be appropriated to statutory reserve
a. General Reserve -5,640,535
b. Capital Redemption Reserve
c. Exchange Fluctuation Fund
d. Corporate Social Responsibility Fund -282,027
e. Employees Training Fund
f. Other 8,591,111
1.2 Profit required to be transferred to Regulatory Reserve
a. Transfer to Regulatory Reserve
b. Transfer from Regulator Reserve 2,999,693 -8,125,855
Net Profit for quarter end available for distribution 33,870,917 -15,557,494

Ratios as per NRB Directives

Particular
This Quarter
77/78 - 2nd Quarter
Previous Quarter
77/78 - 1st Quarter
Corresponding Previous Year Quarter
76/77 - 2nd Quarter
Capital fund to RWA 42 42 58
Non-Performing Loan (NPL) to Total loan 4 4 3
Total Loan Loss provision to Total NPL 78 116 153
Cost of Funds 6 7 9
Credit to Deposit Ratio 68 62 76
Base Rate 10 10 13
Interest Rate Spread 5 3 5
Net Interest income to total income
Non Interest Income to Operating Cost
Interest Expenses to Interest Income
Shareholder's Equity
Number of Outstanding Share
Net Worth Per Share 112 104 103
Earning Per share (EPS Annualized) 7 -11 -6
PE Ratio 37 -48 -35
Price to Book Ratio
Return on Equity (Closing Annualized)
Return on Asset
Market Price High-Low 150 - 116 151 - 100 106 - 93
PEER PERFORMANCE
Companies LTP Intraday 5D % 1M % 3M % YTD % 1Y % Trend
PROFL 158 2 --- --- --- --- ---
BFC 162 --- --- --- --- --- ---
CFCL 199 2 --- --- --- --- ---
JFL 260 1 --- --- --- --- ---
SFCL 200 1 --- --- --- --- ---
DIVIDENDS
No dividends are available.
Company Information
Registered Office
Head Office Location : Pako, New Road
Email : info@pfltd.com.np
Phone : 01-4246402, 01-4241244
Website : http://www.pfltd.com.np
Registered At :
Share Registrar ( RTS )
Name : NIBL Ace Capital Limited
Email : info@niblcapital.com
Phone : 1-4005157, 1-4425280
Address : Lazimpat Kathmandu, Nepal
Website : https://niblcapital.com
Management
Name Designation
Bishal Humagain CEO
Mr. Kishore Kumar Maharjan Chairman
Mr. Laxmi Prasad Maharjan Board Member
Mr. Shambhu Lal Dangol Board Member
Mr. Randev Krishna Shrestha Board Member
Mr. Laxman Yadav Board Member
Mr. Anish Maharjan Board Member
About Company

Progressive Finance Limited

Progressive Finance Limited is a Public Limited Company registered on 14th Ashwin, 2051 under the Company Act, 2021 BS. We are a C-class licensed financial institution under Nepal Rastra Bank 2062 31’1’ Act. Located at the heart of Kathmandu – Pako, Newroad, we started our operations from 14th Falgun 2052 BS. Our name was changed to Progressive Finance Limited from Merchant Finance Limited in 2067 upon the approval of company’s Annual General Meeting, Nepal Rastra Bank and Company Registrar’s office. Going public on 28th Shrawan 2064, we issued 120,000 shares for initial public offering. Later, with the reissuance of 900,000 right shares in the ratio of 1:3 on 31st Ashad 2067, we have as of now reached the total paid up capital of Rs.210,000,000.

Progressive Finance Limited succeeds in establishing itself as a reputed and reliable financial institution in Nepal by offering attractive interest rates and satisfying the customers at the same time. The company fulfills financial needs of the customers in an easy way with average interest rates and different schemes and facilities. It helps secure the depositors life-time savings offering them an attractive return on their savings.