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Manappuram Finance Ltd (MANAPPURAM)

₹228.323.49%

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🔔 Rating Alert

Jefferies initiates buy call on Manappuram Finance with target price of Rs 270 per share due to gold NBFCs offering leverage to higher gold prices and stabilizing competition and diversification supporting stronger loan growth

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 13 analysts

BUY

83.33%

Buy

0.00%

Hold

16.67%

Sell

Based on 13 analysts offering long term price targets for Manappuram Finance Ltd. An average target of ₹221.54

Source: S&P Global Market Intelligence

Manappuram Finance Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹222.3
    ₹229.4
  • 52 Week's Low

    52 Week's High

    ₹124.85
    ₹229.75
1 Month Return+ 15.07 %
3 Month Return+ 16.77 %
1 Year Return+ 72.43 %
Previous Close₹220.63
Open₹226.00
Volume2.22Cr
Upper Circuit-
Lower Circuit-
Market Cap₹18,674.89Cr

Key Statistics

P/E Ratio8.5
PEG Ratio1.03
Market Cap₹18,674.89 Cr
P/B Ratio1.17
EPS11.25

Mutual Fund Holdings

Funds HoldingsPrev. 6M
DSP Small Cap Fund Direct Plan GrowthDSP Small Cap Fund Direct Plan Growth1.07%
SBI Banking & Financial Services Direct GrowthSBI Banking & Financial Services Direct Growth1.85%
Kotak Equity Arbitrage Fund Direct GrowthKotak Equity Arbitrage Fund Direct Growth0.2%
Bandhan Small Cap Fund Direct GrowthBandhan Small Cap Fund Direct Growth1.42%
SBI Arbitrage Opportunities Fund Direct GrowthSBI Arbitrage Opportunities Fund Direct Growth0.23%

Company Information

Manappuram Finance Limited (formerly known as Manappuram General Finance and Leasing Limited) is India’s second-largest Non-Banking Finance Corporation (NBFC), predominantly dealing in gold loans with a large pan-India presence. With a 5000-branch network spread across 28 states and 4 union territories, the company serves more than 5.09 million customers. They have a diversified lending portfolio including retail microfinance, Small and Medium Enterprise (SME) loans, commercial customers, affordable housing finance, vehicle and equipment finance, etc. They are also involved in activities like acting as corporate agents, online share trading, money transfer, etc. as a part of diversifying their offerings. They have stepped up their IT infrastructure and systems to support operations, and have widened their activities further by opening branches. With their acquisition of Asirvad Microfinance Pvt. Ltd., their assets under management has grown to Rs. 10,000 crore. Manappuram Finance Limited has ventured into the cashless market with an improved Online Gold Loan solution and as of March 2021, they have 23.69 lakhs active gold loan customers.

Share Price: ₹228.32 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹18,674.89Cr as of today
Revenue: ₹2,362.22Cr as on March 2024 (Q1 24)
Net Profit: ₹563.49Cr as on March 2024 (Q1 24)
Listing date: 30 Jun, 2010
Chairperson Name: Shailesh J Mehta
OrganisationManappuram Finance Ltd
HeadquartersMumbai
IndustryFinance
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    08:06 AM

    -

    Jefferies initiates buy call on Manappuram Finance with a target price of Rs 270 per share due to gold NBFCs offering leverage to higher gold prices.

Key events for Manappuram Finance Ltd

  • Jefferies Initiates Buy Call on Manappuram Finance - 18 Jul, 2024

    Jefferies has initiated a buy call on Manappuram Finance with a target price of Rs 270 per share, citing the company's ability to offer higher leverage to gold prices and stronger loan growth supported by stabilizing competition and diversification.

  • Manappuram Finance Share Price Growth - 02 Jul, 2024

    Manappuram Finance share price has grown by 26% in the last month and 64% in the last year. However, analysts predict a lower growth rate of 15% per year for the next three years compared to the market's predicted growth rate of 22% per year.

  • Manappuram Finance Shares Hit 52-Week High - 27 Jun, 2024

    Shares of Manappuram Finance surged nearly 9% to hit a 52-week high of Rs 214 on the NSE due to increased demand for gold loans post-Covid. The company's CEO also discussed the planned IPO of Asirvad Microfinance.

  • Manappuram Finance Gains on Block Deal and Strong Q4 Results - 26 Jun, 2024

    Societe Generale bought Manappuram Finance shares in a block deal while Bofa Securities Europe sold shares at the same price. The company reported strong Q4FY24 results with a 33% YoY increase in revenue and a 35% rise in net profit. Shares have gained 14% in the last six months and 56% in the last 12 months.

  • Manappuram Finance Expects 10% Growth in Gold Loans - 24 Jun, 2024

    Manappuram Finance's MD and CEO expects a 10% growth in gold loans due to high demand and market competition. The consolidated AUM for Q4 registered an increase of 18.7%. Vehicle finance, home loans, and microfinance have been big contributors. Manappuram Finance is targeting an AUM growth of 20% in MAFIL book.

  • Manappuram Finance Sees Insider Buying, Strong Momentum - 19 Jun, 2024

    Insider buying and a breakout above resistance marks suggest bullish sentiment for Manappuram Finance. The stock has potential targets of 210 and above.

Insights on Manappuram Finance Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, MANAPPURAM stock has moved up by 3.7%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 28.95% to 31.99% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, MANAPPURAM has outperformed top 5 stocks with highest market-cap in Consumer Lending

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 9 quarters, 1.49K Cr → 2.36K Cr (in ₹), with an average increase of 5.5% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 178.0% return, outperforming this stock by 159.5%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 35.20% of holdings in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 23.70% to 23.31% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 572.87 Cr → 561.53 Cr (in ₹), with an average decrease of 2.0% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 9.63% to 7.49% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹2,362.22Cr
↑1.53%
Net Income
₹563.49Cr
↓2.05%
Net Profit Margin
23.85%
↓3.56%
2023Y/Y Change
Revenue
₹6,684.04Cr
↑10.28%
Net Income
₹1,500.17Cr
↑12.90%
Net Profit Margin
22.44%
↑2.37%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹29,337.50Cr
↑8.78%
Total Liabilities
₹20,357.59Cr
↑6.99%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹298.38Cr
↑166.77%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
35.2%
0.00
Foreign Institutions
31.99%
0.00
Mutual Funds
7.49%
0.00
Retail Investors
23.31%
0.00
Others
2.01%
0.00

Key Indicators

Manappuram Finance Ltd Valuation

Manappuram Finance Ltd in the last 5 years

  • Overview

  • Trends

Lowest (5.27x)

June 20, 2022

Today (8.50x)

July 16, 2024

Industry (31.43x)

July 16, 2024

Highest (15.83x)

May 3, 2018

LowHigh

Earnings and Dividends

  • Manappuram Finance Ltd Earnings Results

    Manappuram Finance Ltd’s net profit jumped 35.84% since last year same period to ₹561.53Cr in the Q4 2023-2024. On a quarterly growth basis, Manappuram Finance Ltd has generated -1.98% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Manappuram Finance Ltd Dividends May,2024

    In the quarter ending March 2024, Manappuram Finance Ltd has declared dividend of ₹1 - translating a dividend yield of 1.61%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Manappuram Finance Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

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Manappuram Finance Ltd (MANAPPURAM) share price today is ₹228.32

Manappuram Finance Ltd is listed on NSE

Manappuram Finance Ltd is listed on BSE

  • Today’s highest price of Manappuram Finance Ltd is ₹229.4.
  • Today’s lowest price of Manappuram Finance Ltd is ₹222.3.

PE Ratio of Manappuram Finance Ltd is 8.5

PE ratio = Manappuram Finance Ltd Market price per share / Manappuram Finance Ltd Earnings per share

Today’s traded volume of Manappuram Finance Ltd(MANAPPURAM) is 2.22Cr.

Today’s market capitalisation of Manappuram Finance Ltd(MANAPPURAM) is ₹18674.89Cr.

Manappuram Finance Ltd(MANAPPURAMPrice
52 Week High
₹229.75
52 Week Low
₹124.85

Manappuram Finance Ltd(MANAPPURAM) share price is ₹228.32. It is down -0.62% from its 52 Week High price of ₹229.75

Manappuram Finance Ltd(MANAPPURAM) share price is ₹228.32. It is up 82.88% from its 52 Week Low price of ₹124.85

Manappuram Finance Ltd(MANAPPURAMReturns
1 Day Returns
7.69%
1 Month Returns
15.07%
3 Month Returns
16.77%
1 Year Returns
72.43%