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Manappuram Finance Ltd share Price Today

Company details

184.70
189.45
102.00
202.45
6M Return 32.09%
1Y Return 43.83%
Mkt Cap.(Cr) 15,887.59
Volume 1,743,521
Div Yield 1.59%
OI
-
OI Chg %
-
Volume 1,743,521

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Manappuram Finance Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (2)

  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 193.6
R2 198.2
R3 200.9
Pivot

190.88

S1 186.3
S2 183.6
S3 179.0
EMA SMA
185.8
180.5
173.3
160.6
183.1
180.5
175.4
157.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Bulk Purchase 2024-01-25 174.55 5127647 NSE
SOCIETE GENERALE Bulk Sell 2024-01-25 174.55 5272731 NSE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 174.55 5127647 NSE
Name Category Shares
V P Nandakumar PROMOTER 29%
Sushama Nandakumar PROMOTER 5.67%
Jyothy Prasannan PROMOTER 0.53%

OUR RESEARCH VIEW

Investment recommendation
Call Date
04 Dec 2023
Entry Price 163.00
Target Price 200.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Manappuram Finance Ltd Stocks COMPARISON

Financials( in Cr) Manappuram Finance Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 187.70 6,858.40 1,587.00 370.30 139.25
% Change -0.66 -0.50 -0.43 -2.14 -1.90
Mcap Cr 15,887.59 423,864.89 253,204.10 235,262.11 181,978.95
Revenue TTM Cr 6,684.04 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 1,500.17 11,507.69 12,209.54 31.25 6,337.01
PE TTM 7.84 30.94 32.62 0.00 30.71
1 Year Return 43.83 15.94 18.86 48.77 392.92
ROCE 11.75 11.76 12.69 0.03 5.32
ROE 16.66 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 9,644.89 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 24,721.64 -7,659.83
LAST 3M 80,167.53 39,149.62
LAST 6M 140,394.95 70,735.56
LAST 12M 215,454.79 197,509.84
Manappuram Finance Limited - Updates

Apr 16, 2024 l NSE Announcement

Manappuram Finance to consider fund raising up to USD 500 million

Apr 15, 2024 l BSE Announcement

Manappuram Finance Limited - Committee Meeting Updates

Apr 15, 2024 l NSE Announcement

Date Action Type Ratio
Feb 16, 2024 Dividend 45
Nov 24, 2023 Dividend 42.5
Aug 23, 2023 Dividend 40

Manappuram Finance Ltd Information

Stock PE (TTM)
7.84
Promoter Holding
35.2%
Book Value
124.9011
ROCE
11.75%
ROE
16.66%
Description
  • Manappuram Finance Limited (MAFIL) (Formerly known as Manappuram General Finance and Leasing Limited) is one of the largest NBFCs in India predominantly dealing in gold loans. The Company offers a range of retail credit products and financial services. It has a diversified lending portfolio encompassing retail, microfinance, SME and commercial customers. It has been the second-largest gold finance NBFC in India. The Company makes credit against the security of used household gold jewellery. The Company has a strong pan-India presence through its 5,000 strong branch network, spread across 28 states and 4 union territories, serving a customer base of more than 5.09 million. In addition to gold finance, it is focusing on affordable housing finance, vehicle and equipment finance, which includes commercial vehicle loans, two-wheeler loans, tractor & car loans, microfinance, SME finance, project and industrial finance, corporate finance and insurance broking. The company operates its housing finance business under its subsidiary, Manappuram Home Finance Limited (MAHOFIN). Manappuram Finance Limited was incorporated on July 15, 1992. During the year 1994-95, the company opened new branches in Calicut, Guruvayur, Ernakulam and Thriprayar. In the year 2002, they started Forex business as a part of its diversification. During the year 2002-03, the company opened 8 new branches in various places. During the year 2003-04, the company entered into various diversified activities as acting as corporate agents for life and general insurance, vehicle finance, acting as full-fledged money changers, online share trading, instant money transfer, etc, through and with their 100% subsidiary. Also, they commenced instant money transfer facility, in collaboration with Xpress Money, Coinstar, Instant Cash, Zoha, Ezremit and MoneyGram. During the year 2004-05, the company acquired 100% equity shares in Manappuram Insurance Agents and Brokers Ltd. Also, they widened their activities further, by opening 14 new branches in various places. During the year 2006-07, the company was granted the prestigious Authorized Dealer Category II license by the Reserve Bank which will enable the company to undertake a wide range of non trade remittances apart from currency exchange transactions. In November 2006, the company`s 100% subsidiary, Manappuram Insurance Brokers Pvt Ltd received the insurance Broking Licence from the Insurance Regulatory and Development Authority (IRDA). During the year 2008-09, the company strengthened their IT infrastructure and systems to support their operations. The connectivity to branches was also upgraded so as to provide improved information flow to branches and to further support the collection system. The company acquired the entire assets and liabilities of Manappuram Printers, a sole proprietorship, which is in the business of trading in stationery items, for a total consideration of Rs 10 million. In November 4, 2008, the company sold their entire investment in their subsidiary, Manappuram Insurance Brokers Pvt Ltd to one of the directors` of the company for an amount of Rs 5.86 million. During the year 2009-10, as per the scheme of amalgamation, Manappuram Finance Tamilnadu Ltd was amalgamated with the company. Also, they opened their 1001st branch in Thrissur. During 2011, the company adopted a new name of Manappuram Finance Ltd in place of earlier name Manappuram General Finance and Leasing Ltd. The company also came with a Bonus issue in the Ratio of 1:1 In 2012, Manappuram Finance`s assets under management (AUM) crossed Rs 10000 crore mark. The company`s branch network reached 2,908, with more than 850 branches added in FY 2012. In 2014, Manappuram Finance pioneered the introduction of shorter tenure loan products (3 to 9 months) with lower LTV for longer tenure loans. During the year, Manappuram Finance acquired full ownership of Milestone Home Finance Limited from Japyee Hotels Limited and renamed it as Manappuram Home Finance Private Limited. During the year, equity shares of Manappuram Finance were listed on the National Stock Exchange. The Board of Directors of Manappuram Finance at its meeting held on 23 September 2014 considered and approved the commencement of business of Micro Financing either as a separate division of the company or by acquiring existing companies in micro financing activity. The Board also approved commencement of Commercial Vehicles financing business and depository participant business. The Board of Directors of Manappuram Finance at its meeting held on 23 December 2014 approved the acquisition of 70% stake in Asirvad Micro Finance Pvt. Ltd., Chennai subject to approvals from Reserve Bank of India and to execute necessary agreements to conclude the transaction. The company intends to increase its stake up to 85% by infusion of additional capital. The total capital commitment will be close to Rs 136 crore. In February 2015, the company acquired Chennai based Asirvad Microfinance Pvt. Ltd. having assets under management (AUM) of a little short of Rs 300 crore. Asirvad is an NBFC operating as a micro finance institution (NBFCMFI). The company is carrying on the business of micro finance with about 115 branches spread across Tamil Nadu, Kerala and Karnataka. The Board of Directors of Manappuram Finance Ltd at its meeting held on 14 August 2015 approved the acquisition of Manappuram Insurance Brokers Pvt Ltd for the consideration of Rs 1.55 crore subject to the approval of RBI and IRDAI. On 2 January 2016, Manappuram Finance Ltd informed the stock exchanges that the company has acquired 100% equity shares of Manappuram Insurance Brokers Pvt. Ltd (MIBPL) by way of transfer of shares from existing shareholders of MIBPL for the total consideration amount of Rs 1.55 crore. MIBPL is acting as brokers for insurance companies in India doing life insurance and general insurance and having valid license issued by IRDAI and is also a member of Insurance Brokers Association of India, Hyderabad. MIBPL clocked turnover of Rs 1.02 crore in FY 2014-15. The Board of Directors of Manappuram Finance at its meeting held on 2 November 2017 approved equity infusion of up to Rs 50 crore in its subsidiary Asirvad Microfinance Limited. The Company commenced SME business in November 2017 to serve the under served segment and help them grow their businesses. In Jul` 18, Manappuram Finance through the securities purchase agreement acquired 85.39% of the share capital of Indian School Finance Company Private Limited (ISFC). In 2019, the Company acquired a new subsidiary company, Manappuram Comptech and Consultants Limited [MACOM]. Company holds 93.33% equity shares of Asirvad Microfinance Limited, 100% equity shares of Manappuram Home Finance Limited, 100% equity shares of Manappuram Insurance Brokers Limited and 81.07% of Manappuram Comptech and Consultants Limited as on 31 March, 2019. A new loan product called "Gold Loan" was launched in Odisha and West Bengal on March 10, 2021. The Company`s consolidated AUM grew by 17.20% to Rs 3,54,523 million during the year 2023 owing to rapid growth in the microfinance (39.70%), housing finance (29.60%) and vehicle finance (49.40%) AUMs. As on Mar`31, 2023, the Company`s Gold Loan Branches stood at 3,524. The Company holds 97.60% equity shares of M/s. Asirvad Microfinance Limited, 100% equity shares of M/s. Manappuram Home Finance Limited, 100% equity shares of M/s. Manappuram Insurance Brokers Limited and 99.81% of Manappuram Comptech and Consultants Limited as on March 31, 2023. The Company has a strong Pan-India presence through its strong network of 5,232 branches across 28 states and 4 union territories and serves more than 5.09 million active customers during 2022-23.

Registered Address

IV/470A (Old) W/638 (New), Manappuram House Valpad P O, Thrissur, Kerala, 680567

Tel : 91-487-3050108/3050000/3050100
Email : mail:manappuram.com; cosecretary:manappuram.com
Website : http://www.manappuram.com
Registrar

SKDC Consultants Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 531213
NSE Code : MANAPPURAM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE522D01027

FAQ’s on Manappuram Finance Ltd Shares

You can buy Manappuram Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Manappuram Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 10:49 AM the closing price of Manappuram Finance Ltd was ₹ 187.70.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 10:49 AM, the market cap of Manappuram Finance Ltd stood at ₹ 15,887.59.

The latest PE ratio of Manappuram Finance Ltd as of Apr 19, 2024 10:49 AM is 7.84

The latest PB ratio of Manappuram Finance Ltd as of Apr 19, 2024 10:49 AM is 0.66

The 52-week high of Manappuram Finance Ltd share price is ₹ 202.45 while the 52-week low is ₹ 102.00

According to analyst recommendations, Manappuram Finance Ltd Share has a “Buy” rating for the long term.

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