Manappuram Finance Ltd

Manappuram Fin. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Manappuram Finance Ltd

₹ 229 0.33%
09 May - close price
manappuram.com BSE: 531213 NSE: MANAPPURAM
About

Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).(Source : 202003 Annual Report Page No:120)

Key Points

Business Segments
1) Gold Loans & Others (70% in H1 FY25 vs 77% in FY22): [1] [2] The company is the 2nd-largest gold finance NBFC in India, specializes in offering credit against the security of used household gold jewelry. It also provides housing finance, loans against property, commercial vehicle finance, etc. [3] [4]

Website BSE NSE
  • Market Cap ₹ 19,351 Cr.
  • Current Price ₹ 229
  • High / Low ₹ 248 / 138
  • Stock P/E 10.9
  • Book Value ₹ 139
  • Dividend Yield 1.55 %
  • ROCE 13.1 %
  • ROE 16.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 17.8%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.88% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

Part of BSE Allcap BSE Financial Services BSE 250 SmallCap Index BSE Diversified Financials Revenue Growth Index (I Nifty MidSmallcap 400

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,055 1,110 1,245 1,244 1,208 1,344 1,454 1,526 1,508 1,620 1,748 1,799 1,739
Interest 337 351 367 398 383 415 443 481 489 544 594 629 610
327 335 371 377 376 385 402 415 416 456 465 509 532
Financing Profit 391 424 507 468 450 544 610 630 603 620 690 661 598
Financing Margin % 37% 38% 41% 38% 37% 40% 42% 41% 40% 38% 39% 37% 34%
8 1 8 5 7 13 2 3 5 22 1 2 3
Depreciation 40 35 41 42 44 44 47 48 49 49 51 51 50
Profit before tax 359 390 473 431 413 513 564 584 560 593 640 612 550
Tax % 26% 26% 26% 26% 25% 26% 26% 27% 24% 26% 26% 26% 25%
265 290 349 318 309 381 420 429 428 441 475 453 414
EPS in Rs 3.13 3.43 4.12 3.76 3.65 4.50 4.96 5.06 5.06 5.21 5.61 5.36 4.90
Gross NPA % 3.00% 1.40% 2.00% 2.00% 1.33% 1.45% 1.56% 1.99% 1.90% 1.90% 2.40% 2.46%
Net NPA % 2.70% 1.30% 1.80% 1.00% 1.15% 1.24% 1.35% 1.75% 1.70% 1.70% 2.10% 2.23%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,100 1,976 2,213 3,007 2,927 3,418 4,311 5,172 4,563 4,815 5,830 6,906
Interest 1,027 872 884 1,003 794 1,018 1,391 1,720 1,392 1,498 1,828 2,376
678 642 759 833 1,043 1,123 1,127 1,048 1,288 1,460 1,617 1,961
Financing Profit 396 461 570 1,172 1,090 1,277 1,793 2,404 1,883 1,857 2,385 2,569
Financing Margin % 19% 23% 26% 39% 37% 37% 42% 46% 41% 39% 41% 37%
11 5 2 1 27 9 41 21 24 12 25 28
Depreciation 64 54 53 58 61 68 154 156 157 163 188 201
Profit before tax 343 412 519 1,115 1,055 1,218 1,680 2,270 1,750 1,706 2,222 2,396
Tax % 34% 34% 35% 35% 35% 35% 27% 25% 25% 26% 25% 26%
226 271 337 726 689 790 1,230 1,698 1,305 1,266 1,658 1,783
EPS in Rs 2.69 3.22 4.01 8.62 8.18 9.38 14.56 20.06 15.41 14.96 19.59 21.07
Dividend Payout % 67% 42% 45% 17% 24% 23% 19% 10% 19% 20% 17% 17%
Compounded Sales Growth
10 Years: 13%
5 Years: 10%
3 Years: 15%
TTM: 18%
Compounded Profit Growth
10 Years: 21%
5 Years: 8%
3 Years: 11%
TTM: 7%
Stock Price CAGR
10 Years: 21%
5 Years: 14%
3 Years: 30%
1 Year: 31%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 16%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 168 168 168 168 169 169 169 169 169 169 169 169
Reserves 2,324 2,459 2,569 3,142 3,644 4,224 5,187 6,732 7,774 8,811 10,180 11,624
Borrowing 7,795 8,392 8,800 9,163 10,238 12,743 18,093 18,234 18,541 19,804 23,001 27,570
551 313 374 672 543 511 338 518 487 554 623 473
Total Liabilities 10,838 11,332 11,911 13,146 14,593 17,646 23,787 25,654 26,971 29,338 33,973 39,836
197 171 190 179 265 326 741 861 892 869 815 852
CWIP 5 1 0 0 0 1 3 6 11 16 33 11
Investments 812 379 324 324 378 1,011 932 1,200 1,215 1,454 1,766 1,822
9,825 10,780 11,397 12,643 13,950 16,309 22,111 23,587 24,852 26,998 31,358 37,150
Total Assets 10,838 11,332 11,911 13,146 14,593 17,646 23,787 25,654 26,971 29,338 33,973 39,836

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,923 -827 -361 -283 -53 -1,442 -2,506 150 -112 -314 -2,863 -2,734
-1 508 -27 -32 -201 -760 34 -261 -118 -264 -307 -1,526
-2,923 261 181 248 283 2,206 4,268 -87 -100 888 2,826 4,057
Net Cash Flow -0 -58 -207 -68 28 3 1,796 -197 -330 310 -343 -203

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % 9% 11% 13% 24% 19% 19% 25% 28% 18% 15% 17% 16%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
35.15% 35.18% 35.20% 35.20% 35.20% 35.20% 35.20% 35.20% 35.24% 35.25% 35.25% 35.25%
28.91% 28.36% 30.07% 30.17% 30.73% 27.08% 28.95% 31.99% 33.00% 30.36% 27.01% 28.43%
13.50% 12.18% 11.57% 13.54% 10.65% 12.25% 12.15% 9.50% 9.34% 10.97% 7.88% 7.99%
22.44% 24.27% 23.16% 21.11% 23.42% 25.47% 23.69% 23.32% 22.42% 23.41% 29.84% 28.33%
No. of Shareholders 4,06,9374,22,0874,00,3723,90,4903,70,9933,50,7103,85,1174,37,4884,52,0905,74,7266,66,7036,26,137

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

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