Manappuram Finance Ltd
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)
- Market Cap ₹ 9,154 Cr.
- Current Price ₹ 108
- High / Low ₹ 224 / 81.5
- Stock P/E 7.80
- Book Value ₹ 98.9
- Dividend Yield 2.77 %
- ROCE 11.9 %
- ROE 16.9 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.09 times its book value
Cons
- Company has low interest coverage ratio.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 44 | 80 | 165 | 2,100 | 1,988 | 2,369 | 3,406 | 3,421 | 4,180 | 5,465 | 6,331 | 6,061 | 6,000 |
Interest | 9 | 14 | 39 | 1,027 | 877 | 947 | 1,169 | 1,030 | 1,345 | 1,832 | 2,219 | 2,011 | 2,023 |
18 | 32 | 78 | 678 | 648 | 820 | 1,011 | 1,344 | 1,365 | 1,547 | 1,669 | 2,133 | 2,250 | |
Financing Profit | 17 | 34 | 48 | 396 | 462 | 601 | 1,225 | 1,047 | 1,469 | 2,086 | 2,443 | 1,916 | 1,727 |
Financing Margin % | 40% | 42% | 29% | 19% | 23% | 25% | 36% | 31% | 35% | 38% | 39% | 32% | 29% |
0 | 0 | 1 | 11 | 5 | 3 | 3 | 58 | 63 | 86 | 44 | 65 | 56 | |
Depreciation | 1 | 2 | 3 | 64 | 54 | 56 | 63 | 68 | 75 | 164 | 171 | 198 | 204 |
Profit before tax | 17 | 33 | 46 | 343 | 414 | 548 | 1,166 | 1,037 | 1,457 | 2,007 | 2,316 | 1,784 | 1,578 |
Tax % | 35% | 34% | 35% | 34% | 34% | 35% | 35% | 35% | 35% | 26% | 26% | 26% | |
Net Profit | 11 | 21 | 30 | 226 | 271 | 353 | 756 | 677 | 940 | 1,468 | 1,724 | 1,328 | 1,174 |
EPS in Rs | 0.49 | 0.97 | 0.86 | 2.69 | 3.23 | 4.20 | 8.98 | 8.04 | 11.16 | 17.37 | 20.37 | 15.70 | 13.86 |
Dividend Payout % | 18% | 10% | 15% | 67% | 42% | 54% | 17% | 25% | 19% | 16% | 10% | 19% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 13% |
TTM: | -6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 12% |
TTM: | -35% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 2% |
3 Years: | -4% |
1 Year: | -48% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 23% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
15 | 62 | 21 | 168 | 168 | 168 | 168 | 169 | 169 | 169 | 169 | 169 | |
Reserves | 14 | 32 | 144 | 2,324 | 2,465 | 2,590 | 3,193 | 3,645 | 4,375 | 5,545 | 7,138 | 8,199 |
93 | 174 | 451 | 7,795 | 8,632 | 9,638 | 10,986 | 12,607 | 15,297 | 23,022 | 23,327 | 24,816 | |
29 | 75 | 48 | 551 | 352 | 443 | 804 | 609 | 605 | 799 | 703 | 626 | |
Total Liabilities | 147 | 293 | 660 | 10,838 | 11,616 | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,811 |
11 | 16 | 28 | 202 | 206 | 230 | 222 | 310 | 367 | 803 | 926 | 1,052 | |
CWIP | 0 | 0 | 0 | 5 | 1 | 0 | 1 | 0 | 1 | 3 | 8 | 13 |
Investments | 2 | 2 | 1 | 796 | 217 | 49 | 5 | 5 | 174 | 90 | 338 | 421 |
134 | 274 | 631 | 9,836 | 11,193 | 12,560 | 14,925 | 16,715 | 19,904 | 28,639 | 30,066 | 32,325 | |
Total Assets | 147 | 293 | 660 | 10,838 | 11,616 | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,811 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-26 | -57 | -235 | 2,924 | -888 | -1,042 | -1,271 | -33 | -1,661 | -3,620 | -619 | -423 | |
-6 | -6 | -10 | 2 | 649 | 72 | -25 | -148 | -371 | 26 | -186 | -193 | |
20 | 109 | 290 | -2,923 | 265 | 772 | 1,211 | 293 | 2,388 | 6,049 | 59 | 438 | |
Net Cash Flow | -12 | 46 | 46 | 4 | 26 | -198 | -84 | 112 | 356 | 2,455 | -747 | -177 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2007 | Mar 2008 | Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 46% | 35% | 23% | 11% | 13% | 25% | 19% | 22% | 29% | 26% | 17% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Advertisement of Unaudited Financial Results for the Quarter ended June 30, 2022 Please find enclosed herewith the copy of Newspaper Advertisement published on August …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 Aug - The audio recording of Q1 Results Conference Call held on August 04,2022 has been uploaded in the website of the company and will be available …
- Corporate Action-Board to consider Dividend 4 Aug
- 3. Fixed August 18, 2022 As Record Date To Ascertain The Entitlement Of Interim Dividend Among The Shareholders And Dividend/Dividend Warrants Shall Be Paid Or Dispatched On Or Before September 02,2022 4 Aug
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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May 2016TranscriptPPT
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Feb 2016Transcript PPT
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Dec 2015TranscriptPPT
Fast growth period (FY08-FY12)
Due to rapid increase in gold prices, Manappuram grew their branch network > 6.5x in a period of 4-years, from 436 branches in FY08 to 2,908 in FY12. [1] During this period, AUM grew at >90% CAGR reaching 11,532 Cr. and gold tonnage increased to 65.6 ton.
As a result, RBI removed priority sector status for gold financiers in March 2012 and further reduced loan to value ratio to 60% for NBFCs vs 85% for banks.[2] This was later normalized to the previous limit in September 2013.