Manappuram Finance Ltd

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

Manappuram Finance Ltd

₹ 269 -1.09%
08 Jul 2:10 p.m.
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 ₹ 22,731 Cr.
  • Current Price ₹ 269
  • High / Low ₹ 285 / 138
  • Stock P/E 19.3
  • Book Value ₹ 147
  • Dividend Yield 1.31 %
  • ROCE 11.0 %
  • ROE 9.78 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 18.0%

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

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 Nifty Dividend Opportunities 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,481 1,502 1,696 1,715 1,776 2,030 2,161 2,305 2,348 2,488 2,633 2,560 2,360
Interest 495 505 528 566 589 648 689 749 779 848 906 925 895
584 568 587 575 587 671 675 729 773 846 892 1,191 1,638
Financing Profit 402 429 581 574 600 710 796 827 796 793 835 444 -173
Financing Margin % 27% 29% 34% 33% 34% 35% 37% 36% 34% 32% 32% 17% -7%
10 1 18 19 23 27 13 21 14 24 4 3 4
Depreciation 58 49 46 53 56 56 62 62 65 64 67 70 66
Profit before tax 354 381 553 541 567 681 747 786 746 753 773 376 -236
Tax % 26% 26% 26% 27% 27% 27% 25% 27% 24% 26% 26% 26% -14%
261 282 409 393 415 498 561 575 564 557 572 278 -203
EPS in Rs 3.08 3.33 4.82 4.63 4.88 5.86 6.60 6.77 6.63 6.55 6.74 3.33 -2.26
Gross NPA %
Net NPA %
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,988 2,369 3,406 3,421 4,180 5,465 6,331 6,061 6,700 8,848 10,041
Interest 1,027 877 947 1,169 1,030 1,345 1,832 2,219 2,011 2,188 2,866 3,575
678 648 820 1,011 1,344 1,365 1,547 1,669 2,133 2,317 2,848 4,567
Financing Profit 396 462 601 1,225 1,047 1,469 2,086 2,443 1,916 2,195 3,134 1,899
Financing Margin % 19% 23% 25% 36% 31% 35% 38% 39% 32% 33% 35% 19%
11 5 3 3 58 63 86 44 65 50 72 3
Depreciation 64 54 56 63 68 75 164 171 198 204 246 267
Profit before tax 343 414 548 1,166 1,037 1,457 2,007 2,316 1,784 2,041 2,960 1,635
Tax % 34% 34% 35% 35% 35% 35% 26% 26% 26% 26% 26% 28%
226 271 355 758 676 949 1,480 1,725 1,329 1,500 2,197 1,173
EPS in Rs 2.69 3.23 4.20 8.98 8.04 11.16 17.37 20.37 15.70 17.67 25.86 14.37
Dividend Payout % 67% 42% 54% 17% 25% 19% 16% 10% 19% 17% 13% 24%
Compounded Sales Growth
10 Years: 18%
5 Years: 13%
3 Years: 18%
TTM: 13%
Compounded Profit Growth
10 Years: 16%
5 Years: -4%
3 Years: -4%
TTM: -46%
Stock Price CAGR
10 Years: 26%
5 Years: 11%
3 Years: 44%
1 Year: 31%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 15%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,465 2,590 3,193 3,645 4,378 5,577 7,138 8,199 9,476 11,379 12,263
Borrowing 7,795 8,632 9,638 10,986 12,607 15,297 23,022 23,327 24,816 29,167 34,320 36,060
551 352 443 804 609 602 767 703 623 693 880 713
Total Liabilities 10,838 11,616 12,839 15,152 17,030 20,446 29,535 31,338 33,808 39,504 46,748 49,205
202 206 230 222 310 367 803 926 1,052 1,094 1,070 1,134
CWIP 5 1 0 1 0 1 3 8 13 17 33 11
Investments 796 217 49 5 5 174 90 338 421 534 726 788
9,836 11,193 12,560 14,925 16,715 19,904 28,639 30,066 32,322 37,860 44,918 47,272
Total Assets 10,838 11,616 12,839 15,152 17,030 20,446 29,535 31,338 33,808 39,504 46,748 49,205

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,924 -888 -1,042 -1,271 -33 -1,661 -3,620 -619 -423 -3,103 -3,383 -467
2 649 72 -25 -148 -371 26 -186 -193 -616 -593 -1,588
-2,923 265 772 1,211 293 2,388 6,049 59 438 3,849 4,025 1,132
Net Cash Flow 4 26 -198 -84 112 356 2,455 -747 -177 130 49 -922

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 11% 13% 25% 19% 22% 28% 26% 17% 17% 21% 10%

Shareholding Pattern

Numbers in percentages

1 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

Concalls