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Manappuram Finance Ltd share price logo

Manappuram Finance Ltd

(MANAPPURAM)

₹146.94.16%

as on 04:01PM, 21 Oct 2024

🔔 Regulatory Alert

RBI imposed restrictions on Manappuram's subsidiary Asirvad Micro Finance, halting loan disbursements, leading to significant stock declines and downgrades from multiple brokerages.

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Manappuram Finance Ltd Analyst Rating

based on 13 analysts

BUY

46.15%

Buy

38.46%

Hold

15.38%

Sell

Based on 13 analysts offering long term price targets for Manappuram Finance Ltd. An average target of ₹204.54

Source: S&P Global Market Intelligence

Manappuram Finance Ltd Share analysis

Manappuram Finance Ltd price forecast by 13 analysts

Upside of33.45%

High

₹260

Target

₹204.54

Low

₹150

Manappuram Finance Ltd target price ₹204.54, a slight upside of 33.45% compared to current price of ₹146.9. According to 13 analysts rating.

Source: S&P Global Market Intelligence

Manappuram Finance Ltd Performance

  • Day's Low

    Day's High

    ₹145.5
    ₹155.44
  • 52 Week's Low

    52 Week's High

    ₹125.35
    ₹230.4
1 Month Return-26.5 %
3 Month Return-28.8 %
1 Year Return+ 13.66 %
Previous Close₹153.27
Open₹155.00
Volume3.05Cr
Upper Circuit-
Lower Circuit-
Market Cap₹12,973.31Cr

Manappuram Finance Ltd Key Statistics

P/E Ratio5.75
PEG Ratio0.9
Market Cap₹12,973.31 Cr
P/B Ratio1.42
EPS25.96
Dividend Yield1.91
SectorFinance
ROE17.15

Manappuram Finance Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹12,973.31 Cr-0.63%0.84₹2,197 Cr₹8,848 Cr
NA₹34,487.27 Cr148.38%0.50₹384 Cr₹385 Cr
BUY₹19,119.59 Cr56.97%0.89₹1,974 Cr₹10,471 Cr
BUY₹8,057.83 Cr34%0.50₹155 Cr₹3,171 Cr
NA₹11,448.60 Cr5.17%0.68₹528 Cr₹9,523 Cr

About Manappuram Finance Ltd

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: ₹146.90 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹12,973.31Cr as of today
Revenue: ₹2,511.93Cr as on June 2024 (Q2 24)
Net Profit: ₹556.52Cr as on June 2024 (Q2 24)
Listing date: 30 Jun, 2010
Chairperson Name: Shailesh J Mehta
OrganisationManappuram Finance Ltd
HeadquartersMumbai
IndustryFinance
E-voting on sharesClick here to vote

Key events for Manappuram Finance Ltd

  • Manappuram Finance Faces Significant Stock Decline - 21 Oct, 2024

    Manappuram Finance shares have plummeted due to RBI's directive halting loan disbursements by its subsidiary, Asirvad Micro Finance, leading to multiple downgrades by brokerages.

  • Manappuram Faces Downgrades Amid RBI Restrictions - 19 Oct, 2024

    Manappuram Finance's stock plummeted 18% following RBI restrictions on its subsidiary, Asirvad Microfinance, prompting brokerages to downgrade earnings forecasts and price targets.

  • Manappuram Finance Faces Major Stock Decline After RBI Action - 18 Oct, 2024

    Manappuram Finance's stock plummeted following the RBI's ban on its subsidiary Asirvad Micro Finance from lending, leading to multiple downgrades by analysts. The stock fell to an 11-month low, with concerns over AUM growth and profitability impacting investor sentiment.

  • Manappuram Finance Underperforms Compared to Peers - 09 Oct, 2024

    Manappuram Finance has been a significant underperformer over the past year, lagging behind the Nifty benchmark and its competitor Muthoot in the gold financing sector.

  • Manappuram Finance Faces Regulatory Challenges and Stock Decline - 01 Oct, 2024

    Manappuram Finance's stock faced pressure due to RBI's findings on irregular practices in gold lending. Despite attractive valuations, growth concerns loom following regulatory directives.

  • Manappuram Finance Defers IPO Plans for Asirvad Micro Finance - 25 Sep, 2024

    Manappuram Finance holds over 98% stake in Asirvad Micro Finance. The IPO plans for Asirvad have been deferred, as confirmed by MD Nandakumar. An email inquiry regarding listing plans went unanswered.

  • IIFL Plans Aggressive Competition in Gold Loans - 24 Sep, 2024

    IIFL may implement pricing strategies to boost gold loan growth, potentially impacting short-term profitability but aiming to regain market share from competitors like Manappuram Finance.

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

    Promoter Holding Up

    img

    Promoters have increased holdings from 35.24% to 35.25% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 10 quarters, 1.49K Cr → 2.51K Cr (in ₹), with an average increase of 5.5% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 7.61% to 9.49% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 22.42% to 23.42% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Shriram Finance Ltd has given 77.9% return, outperforming this stock by 64.3%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 137.8% return, outperforming this stock by 161.1%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, MANAPPURAM stock has moved down by -16.7%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 33.00% to 30.36% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 572.87 Cr → 554.62 Cr (in ₹), with an average decrease of 1.6% per quarter

Manappuram Finance Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹2,057.17Cr (-)₹2,174.02Cr (↑5.68%)₹2,326.68Cr (↑7.02%)₹2,362.22Cr (↑1.53%)₹2,511.93Cr (↑6.34%)
Net Income₹498.02Cr (-)₹560.65Cr (↑12.58%)₹575.31Cr (↑2.61%)₹563.49Cr (↓2.05%)₹556.52Cr (↓1.24%)
Net Profit Margin24.21% (-)25.79% (↑6.53%)24.73% (↓4.11%)23.85% (↓3.56%)22.16% (↓7.09%)
Value in ₹ crore
Details2021202220232024
Total Assets₹25,653.99Cr (-)₹26,970.60Cr (↑5.13%)₹29,337.50Cr (↑8.78%)₹33,972.63Cr (↑15.80%)
Total Liabilities₹18,752.27Cr (-)₹19,027.72Cr (↑1.47%)₹20,357.59Cr (↑6.99%)₹23,623.36Cr (↑16.04%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹2,506.04Cr (-)₹150.26Cr (↓106.00%)-₹111.85Cr (↓174.44%)-₹314.01Cr (↑180.74%)-₹2,862.91Cr (↑811.73%)

Index Inclusions

Nifty MidSmallcap 400

₹20,226.95

-1.55 (-318.85%)

DFRGRI Indices

₹1,503.27

-1.14 (-17.33%)

S&P BSE 400 MidSmallCap

₹12,432.98

-1.5 (-189.77%)

S&P BSE 250 SmallCap

₹7,272.82

-1.48 (-109.35%)

Nifty Smallcap 50

₹9,019.85

-1.72 (-157.85%)

S&P BSE SmallCap Select

₹8,293.07

-1.44 (-120.81%)

Nifty Small 100

₹18,797.40

-1.47 (-280.4%)

BSE 500

₹36,661.79

-0.72 (-265.21%)

BSE Small-Cap

₹55,648.96

-1.51 (-851.09%)

S&P BSE AllCap

₹10,734.78

-0.78 (-84.78%)

Nifty 500

₹23,263.25

-0.76 (-177.45%)

S&P BSE Fin. Ser

₹11,597.77

-0.25 (-28.97%)

Nifty Smallcap 250

₹17,936.30

-1.65 (-300.5%)

Manappuram Finance Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
35.25%
0.02
Foreign Institutions
30.36%
-7.98
Mutual Funds
9.49%
24.63
Retail Investors
23.42%
4.47
Others
1.49%
-14.30

Manappuram Finance Ltd Key Indicators

Details20202021202220232024
Earning Per Share (₹)17.5220.3815.717.7225.96
Details20202021202220232024
Return On Equity %25.2427.717.5814.9717.15
Details20202021202220232024
Return On Assets %6.176.724.935.16.44
Details20202021202220232024
Book Value Per Share (₹)67.6286.3498.87113.95136.43

Manappuram Finance Ltd Valuation

Manappuram Finance Ltd in the last 5 years

  • Overview

  • Trends

Lowest (5.27x)

June 20, 2022

Today (5.75x)

October 18, 2024

Industry (27.44x)

October 18, 2024

Highest (15.83x)

May 3, 2018

LowHigh

Manappuram Finance Ltd Earnings and Dividends

  • Manappuram Finance Ltd Earnings Results

    Manappuram Finance Ltd’s net profit jumped 11.84% since last year same period to ₹554.62Cr in the Q1 2024-2025. On a quarterly growth basis, Manappuram Finance Ltd has generated -1.23% fall in its net profits since last 3-months.

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

    In the quarter ending June 2024, Manappuram Finance Ltd has declared dividend of ₹1 - translating a dividend yield of 2.55%.

    Read More about Dividends

Manappuram Finance Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

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

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Manappuram Finance Ltd (MANAPPURAM) share price today is ₹146.9

Manappuram Finance Ltd is listed on NSE

Manappuram Finance Ltd is listed on BSE

  • Today’s highest price of Manappuram Finance Ltd is ₹155.44.
  • Today’s lowest price of Manappuram Finance Ltd is ₹145.5.

PE Ratio of Manappuram Finance Ltd is 5.75

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 3.05Cr.

Today’s market capitalisation of Manappuram Finance Ltd(MANAPPURAM) is ₹12973.31Cr.

Manappuram Finance Ltd(MANAPPURAMPrice
52 Week High
₹230.4
52 Week Low
₹125.35

Manappuram Finance Ltd(MANAPPURAM) share price is ₹146.9. It is down -36.24% from its 52 Week High price of ₹230.4

Manappuram Finance Ltd(MANAPPURAM) share price is ₹146.9. It is up 17.19% from its 52 Week Low price of ₹125.35

Manappuram Finance Ltd(MANAPPURAMReturns
1 Day Returns
-6.37%
1 Month Returns
-26.5%
3 Month Returns
-28.8%
1 Year Returns
13.66%