Manappuram Finance

Manappuram Finance Ltd.

NSE: MANAPPURAM BSE: 531213 SECTOR: Finance - NBFC  162k   1k   454

121.90
+3.15 (2.65%)
NSE: 29 Mar 4:00 PM

Price Summary

Today's High

₹ 123.5

Today's Low

₹ 117.7

52 Week High

₹ 126.15

52 Week Low

₹ 81.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 10317.55 Cr.

Advances

₹ 1679.97 Cr.

No. of Shares

84.64 Cr.

P/E

8.44

P/B

1.17

Face Value

₹ 2

Div. Yield

2.46 %

Book Value (TTM)

₹  103.82

Operating Revenue

₹ 4562.8 Cr.

Net Profit

₹ 1304.54 Cr.

Promoter Holding

35.2 %

EPS (TTM)

₹  14.44

Sales Growth

-11.78

ROE

17.61 %

ROCE

12.46%

Profit Growth

-23.17 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Index Presence

The company is present in 25 Indices.

NIFTY200

Nifty 200
8875.6
  73.5500000000011 (0.835600797541503%)

NIFTY500

Nifty 500
14345.6
  133.800000000001 (0.941471171843133%)

NIFTY500VAL50

NIFTY500 Value 50
6847.87
  113.36 (1.68327020080155%)

NIFTYHIGHBETA

Nifty High Beta 50
2030.91
  44.53 (2.2417664293841%)

NIFTYLGEMID250

NIFTY LargeMidcap 250
9500.9
  113.4 (1.20798934753661%)

NFTFINSEREXBNK

Nifty Financial Services Ex-Bank Index
15515.36
  187.76 (1.22497977504632%)

NIFTYMIDCAP

NIFTY Midcap 100
29775.55
  450.799999999999 (1.53726800739988%)

NIFTYMIDCAP150

Nifty Midcap 150
11250.7
  185.050000000001 (1.67229218346867%)

NIFTYMIDSMALL400

Nifty MidSmallcap 400
10313.8
  170.65 (1.68241621192626%)

NIFTYSMALL

NIFTY Smallcap 100
8852.1
  150.700000000001 (1.73190521065576%)

NIFTYSMALLCAP250

Nifty Smallcap 250
8654.9
  145 (1.70389781313529%)

NIFTYSMALLCAP50

Nifty Smallcap 50
4041.65
  47.9000000000001 (1.19937402190924%)

NIFTYTOTALMCAP

Nifty Total Market index
7984.8
  76.6999999999998 (0.969891630100772%)

NMID150Q50

NIFTY Midcap150 Quality 50
15148.8
  125.099999999999 (0.83268435871322%)

NY500MUL50:25:25

Nifty500 Multicap 50:25:25
9335.95
  111.550000000001 (1.20929274532762%)

NIFTYFULLMIDCAP100

NIFTY FULL MIDCAP 100
5987.56
  -42.7999999999993 (-0.709742038617911%)

BSE500

S&P Bse 500
22822.89
  214.5 (0.948762826543592%)

SMLCAP

S&P Bse Small Cap
26598.72
  439.690000000002 (1.68083449577452%)

FIN

S&P Bse Finance
8303.84
  77.25 (0.939028200019698%)

S&P MIDSMLCAP

S&P Bse MidSmallCap
6741.31
  110.990000000001 (1.67397651998697%)

ALLCAP

S&P Bse Allcap
6549.12
  64.6599999999999 (0.997153193943667%)

SMLSEL

S&P Bse SmallCap Select Index
4507.62
  57.1199999999999 (1.28345129760701%)

SML250

S&P Bse 250 SmallCap
3619.85
  59.3699999999999 (1.66747180155484%)

MSL400

S&P Bse 400 MidSmallCap
6388.55
  106.88 (1.70145837014679%)

DFRGRI

S&P Bse Diversified Finl. Rev.
970.65
  12.7099999999999 (1.32680543666617%)

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Income Growth

1 Year-11.78%
3 Year10.11%
5 Year8.7%

Profit Growth

1 Year-23.17%
3 Year18.18%
5 Year12.43%

ROE%

1 Year17.61%
3 Year23.65%
5 Year21.95%

ROCE %

1 Year12.46%
3 Year14.85%
5 Year14.57%

ROA%

4.97403793605814

PEG Ratio

NA

PAT Margin (%)

28.5907181096516

EPS Growth(%)

NA

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 35.2 0
Sep 2022 35.18 0
Jun 2022 35.15 0
Mar 2022 35.06 0
Dec 2021 35.06 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has maintained a good ROA of 5.9406314071381% in last 3 years.
  • Company has a healthy Return on Equity (ROE) track record of 23.6514270576468%.
  • TThe company has been maintaining a healthy ROCE of 14.8468179264401% since last 3 years.
  • The company is trading at 1.21262460239918 times the book value

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Operating Revenue 1100.67 1054.73 1109.9 1244.57 1242.9
Other Income 9.74 8.44 0.55 7.79 5.99
Interest Expended 351.97 336.93 350.97 366.57 398.25
Operating Expenses 367.98 326.69 334.96 371.25 377.39
Total Provisions 0 0 0 0 0
Depreciation 44.55 40.38 34.96 41.45 42.42
Profit Before Tax 345.91 359.17 389.56 473.09 430.83
Tax 86.85 93.9 99.44 124.38 112.51
Net Profit 259.06 265.27 290.12 348.71 318.32

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Operating Income 2926.79 3418.2 4311.3 5172.26 4562.8
Other Income 33.94 9.16 42.04 22.37 98.26
Interest 794.39 1017.77 1391.2 1719.98 1391.8
Operating Expenses 1044.81 1148.03 1169.4 1046.26 1329.79
Total Provisions 66.16 43.82 112.74 158.85 189.69
Exceptional Items 0 0 0 0 0
Profit Before Tax 1055.37 1217.74 1680.01 2269.55 1749.78
Tax 366.28 427.29 449.7 571.63 445.24
Profit After Tax 689.09 790.46 1230.31 1697.92 1304.54
Adjusted EPS (Rs.) 8.18 9.38 14.56 20.06 15.41

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 168.51 168.56 169 169.27 169.28
Total Reserves 3644.05 4223.6 5186.9 6732.45 7773.6
Borrowings 2440.32 3163.28 8805.98 12281.85 9761.3
Other N/C liabilities -2.68 -23.87 -16.2 59.18 -18.75
Current liabilities 8277.7 10048.41 9578.81 6315.15 9210.51
Total Liabilities 14527.9 17579.98 23724.48 25557.9 26895.94
Assets
Loans 1103.53 2030.79 1733.8 1037.55 1679.97
Net Block 265.08 325.94 741.11 861.1 892.01
Capital WIP 0.01 0.66 2.85 5.7 10.7
Intangible WIP 0 0 0 0 0
Investments 378.23 837.14 931.53 1169.2 1208.86
Other Loans 155.03 203.69 181.42 111.49 160.05
Other N/C Assets 31.23 41.6 0 0 0
Current Assets 12594.79 14140.16 20133.78 22372.87 22944.35
Total Assets 14527.9 17579.98 23724.48 25557.9 26895.94
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 35.06 35.06 35.15 35.18 35.20
v p nandakumar - 28.79 - - -
nandakumar v p 28.79 - 28.43 28.41 -
nandakumar v.p - - - - 28.41
sushama nandakumar 5.67 5.67 5.70 5.70 5.70
jyothy prasannan 0.53 0.53 - - -
jyothi - - 0.53 0.53 0.53
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 64.94 64.94 64.85 64.82 64.80
quinag acquisition... 9.90 9.90 6.21 6.86 -
dsp midcap fund - 7.13 - - -
quinag acquisition... - - - - 6.86
dsp small cap fund 5.83 - - - -
baring india priva... 1.95 - 5.66 5.65 -
baring india pvt e... - - - - 5.65
wf asian reconnais... - - 4.14 4.14 -
dsp blackdrop smal... - - - - 4.04
barclays merchant ... - - 3.77 - -
barclays merchant ... - - - 3.77 -
barclays merchant ... - - - - 3.77
barclays merchant ... 2.29 2.29 - - -
fidelity investmen... 3.69 - - 1.87 2.51
fidelity investmen... - 3.69 - - -
we asian reconnais... - - - - 3.19
baring india priva... 1.43 1.43 3.14 3.14 -
baring india pvt e... - - - - 3.14
dsp blackrock smal... - - - 2.88 -
l and t mutual fun... - - - - -
duro one investmen... 1.72 1.58 - - -
dsp blackrock micr... - - 2.22 - -
baring india priva... - 1.95 - - -
societe generale - - - - 1.84
bnp paribas arbitr... 1.50 - - - -
mousseganesh limit... - - 1.39 1.39 1.39
dolly khanna - - 1.13 1.17 1.15
government pension... - - - - -
vanguard total int... - - - - -
llp - 0.32 - - -
iepf 0.07 0.07 - - 0.03

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Manappuram Finance informs about institutional investor meeting30 Mar 2023, 10:37AM Manappuram Finance gets nod to raise up to Rs 8000 crore through NCDs24 Mar 2023, 4:30PM Manappuram Finance informs about institutional investors meeting17 Mar 2023, 4:39PM Manappuram Finance informs about board meeting 17 Mar 2023, 10:07AM Manappuram Finance raises Rs 1100 crore through NCDs13 Mar 2023, 2:17PM Manappuram Finance informs about analyst meet 10 Mar 2023, 10:05AM Manappuram Finance informs about analyst meet 6 Mar 2023, 4:59PM Manappuram Finance informs about raising of funds22 Feb 2023, 12:13PM Manappuram Finance reports 51% rise in Q3 consolidated net profit6 Feb 2023, 12:30PM Manappuram Finance - Quaterly Results3 Feb 2023, 3:52PM Manappuram Finance - Quaterly Results3 Feb 2023, 3:52PM Manappuram Finance informs about committee meetings for fund raising27 Jan 2023, 9:38AM Manappuram Finance gets nod to raise up to Rs 1100 crore through debentures24 Jan 2023, 4:29PM Manappuram Finance informs about closure of trading window29 Dec 2022, 4:50PM Manappuram Finance informs about committee meetings for fund raising27 Dec 2022, 9:54AM Manappuram Finance planning to raise fund through various options27 Dec 2022, 9:38AM Manappuram Finance informs about issuance of duplicate share certificate22 Dec 2022, 5:01PM Manappuram Finance informs about analyst meet 20 Dec 2022, 4:29PM Manappuram Finance informs about analyst meet 14 Dec 2022, 12:50PM Manappuram Finance informs about analyst meet 13 Dec 2022, 4:39PM Manappuram Finance informs about result of voting by postal ballot12 Dec 2022, 4:58PM Manappuram Finance to raise fund through various options29 Nov 2022, 11:19AM Manappuram Finance informs about raising of funds29 Nov 2022, 10:07AM Manappuram Finance reports 11% rise in Q2 consolidated net profit14 Nov 2022, 11:39AM Manappuram Finance - Quaterly Results12 Nov 2022, 4:18PM Manappuram Finance - Quaterly Results12 Nov 2022, 4:18PM Manappuram Finance - Quaterly Results12 Nov 2022, 4:18PM Manappuram Finance informs about committee meetings for fund raising27 Oct 2022, 11:04AM Manappuram Finance informs about board meeting intimation20 Sep 2022, 1:35PM Manappuram Finance informs about newspaper advertisement13 Sep 2022, 4:43PM Manappuram Finance informs about analyst meet24 Aug 2022, 4:20PM Manappuram Finance informs about loss of share certificate 6 Aug 2022, 10:00AM Manappuram Finance reports 35% fall in Q1 consolidated net profit5 Aug 2022, 2:30PM Manappuram Finance - Quaterly Results4 Aug 2022, 4:21PM Manappuram Finance - Quaterly Results4 Aug 2022, 4:21PM Manappuram Finance - Quaterly Results4 Aug 2022, 4:21PM Manappuram Finance informs about investors earnings call30 Jul 2022, 11:57AM Manappuram Finance to raise fund through various modes28 Jul 2022, 11:30AM Manappuram Finance raises Rs 770 crore via NCDs 20 Jul 2022, 12:23PM Manappuram Finance informs about disclosure30 Jun 2022, 4:55PM Manappuram Finance planning to raise funds through borrowings30 Jun 2022, 3:23PM Manappuram Finance gets nod to raise Rs 770 crore via NCDs 30 Jun 2022, 11:37AM Manappuram Finance planning to raise $100 million via NCDs28 Jun 2022, 11:28AM Manappuram Finance informs about disclosure18 Jun 2022, 12:46PM Manappuram Finance reports 44% fall in Q4 consolidated net profit19 May 2022, 2:36PM Manappuram Finance - Quaterly Results18 May 2022, 4:07PM Manappuram Finance - Quaterly Results18 May 2022, 4:07PM Manappuram Finance - Quaterly Results18 May 2022, 4:07PM RBI imposes fine of over Rs 17 lakh on Manappuram Finance 19 Apr 2022, 9:26AM Manappuram Finance informs about disclosure16 Apr 2022, 12:24PM

Manappuram Finance Stock Price Analysis and Quick Research Report. Is Manappuram Finance an attractive stock to invest in?

 

Around 2% of India's total population invests in financial assets. The penetration of the mutual fund industry in India is close to 7% (Based on the number of PAN cardholders). This under penetration of the mutual fund industry offers a huge opportunity for the industry to grow.

Migration to financial savings, wider distribution and sustainable performance are expected to enable growth in the industry.

Also, increasing financial literacy among investors, digitization and the number of mediums available tend to attract more investors to invest in the financial markets.

To understand the functions of the Manappuram Finance better, you must go through the following points:

Key Financials –

  • Profitability: Profit margin (PAT margin) of the company shows how well a company controls its cost. It is one of the important indicators to show the financial health of the company. Net profit of the company is Rs 1304.537 Cr and the compounded growth of profit in the past 3 years is 18.1749720869686 %. The PAT margin of Manappuram Finance is 28.5907181096516 %.

  • EPS growth: Investors should ensure the EPS figure is growing faster than revenue numbers because it indicates company management is increasing the efficiency with which it runs the company. In Manappuram Finance , the EPS declined by -23.1709809434084 % YOY. 

 Financial Ratios –

  •  Return on Equity (ROE): The Company has a average ROE track record. The ROE of Manappuram Finance is at 17.6084097917529 % for the latest year.

  • P/E Ratio: Relative valuation metrics like the P/E ratio can be used to see if the stock of Manappuram Finance is worth at the current levels at Rs 122.35. The stock is trading at a current P/E ratio of 7.37044942872529 and the average historical P/E for the last 5 years was 9.59117345774407.

  • P/B ratio can be one of the best metrics to value such companies. Currently, Manappuram Finance is trading at a P/B of 1.1741 . The average historical P/B for the last 5 years was 1.87883040317111. This can be compared with the Market price per share in order to know if the stock is undervalued or overvalued.

Brief about Manappuram Finance

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