Manappuram Finance Ltd

Manappuram Finance is engaged in 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.(Source : 201903 Annual Report Page No: 146)

  • Market Cap: 11,922 Cr.
  • Current Price: 140.75
  • 52 weeks High / Low 194.80 / 74.25
  • Book Value: 67.53
  • Stock P/E: 7.56
  • Dividend Yield: 1.56 %
  • ROCE: 16.05 %
  • ROE: 28.85 %
  • Sales Growth (3Yrs): 17.08 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
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Pros:
Company is expected to give good quarter
Company has delivered good profit growth of 40.42% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 19.99%
Cons:

Peer comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
Revenue 831 872 887 936 1,014 1,081 1,148 1,191 1,287 1,399 1,605 1,513
Interest 245 260 268 294 317 354 379 406 425 447 581 567
338 339 340 325 341 340 359 348 355 382 460 413
Financing Profit 248 273 280 317 356 387 410 437 507 570 565 533
Financing Margin % 30% 31% 32% 34% 35% 36% 36% 37% 39% 41% 35% 35%
Other Income 10 10 14 11 13 20 18 10 47 15 13 4
Depreciation 17 17 18 19 19 19 19 40 40 41 44 44
Profit before tax 241 265 276 309 350 388 409 407 514 544 534 492
Tax % 34% 35% 34% 35% 36% 36% 32% 34% 21% 26% 25% 25%
Net Profit 159 171 179 198 222 245 275 264 404 399 395 368
EPS in Rs 1.89 2.04 2.15 2.36 2.66 2.93 3.29 3.16 4.83 4.77 4.72 4.35
Gross NPA % 1.20% 0.70% 0.70% 0.70% 0.70% 0.58% 0.55% 0.71% 0.60% 0.50% 0.88%
Net NPA % 0.30% 0.30% 0.20% 0.30% 0.40% 0.30% 0.20%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 20 44 80 165 2,100 1,988 2,369 3,406 3,421 4,180 5,465 5,804
Interest 7 9 14 39 1,027 877 947 1,169 1,030 1,345 1,832 2,019
7 18 32 78 678 648 820 1,011 1,344 1,365 1,547 1,610
Financing Profit 7 17 34 48 396 462 601 1,225 1,047 1,469 2,086 2,175
Financing Margin % 33% 40% 42% 29% 19% 23% 25% 36% 31% 35% 38% 37%
Other Income 0 0 0 1 11 5 3 3 58 63 86 79
Depreciation 0 1 2 3 64 54 56 63 68 75 164 169
Profit before tax 6 17 33 46 343 414 548 1,166 1,037 1,457 2,007 2,085
Tax % 35% 35% 34% 35% 34% 34% 35% 35% 35% 35% 26%
Net Profit 4 11 21 30 226 271 353 756 677 940 1,468 1,566
EPS in Rs 0.17 0.47 0.94 0.82 2.38 2.97 3.74 8.98 8.04 11.16 17.37 18.67
Dividend Payout % 20% 18% 10% 15% 67% 42% 54% 17% 25% 19% 16%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:22.42%
3 Years:17.08%
TTM:30.88%
Compounded Profit Growth
10 Years:%
5 Years:40.42%
3 Years:24.96%
TTM:55.23%
Stock Price CAGR
10 Years:7.22%
5 Years:44.30%
3 Years:13.52%
1 Year:4.38%
Return on Equity
10 Years:%
5 Years:22.61%
3 Years:24.07%
Last Year:28.85%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
8 15 62 21 168 168 168 168 169 169 169
Reserves 11 14 32 144 2,324 2,465 2,590 3,193 3,645 4,375 5,545
Borrowings 66 93 174 451 7,795 8,632 9,638 10,986 12,607 15,297 22,265
28 29 75 48 551 352 443 804 609 605 972
Total Liabilities 110 147 293 660 10,838 11,616 12,839 15,152 17,030 20,446 28,951
5 11 16 28 202 206 230 222 310 367 803
CWIP 0 0 0 0 5 1 0 1 0 1 3
Investments 2 2 2 1 796 217 49 5 5 174 90
104 134 274 631 9,836 11,193 12,560 14,925 16,715 19,904 28,055
Total Assets 110 147 293 660 10,838 11,616 12,839 15,152 17,030 20,446 28,951

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0 -26 -57 -235 2,924 -888 -1,042 -1,271 -33 -1,661 -3,625
-2 -6 -6 -10 2 649 72 -25 -148 -371 26
1 20 109 290 -2,923 265 772 1,211 293 2,388 6,052
Net Cash Flow -1 -12 46 46 4 26 -198 -84 112 356 2,453

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 46% 35% 23% 11% 13% 25% 19% 23% 29%

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
34.45 34.66 34.64 34.64 35.14 35.14 35.14 35.12 35.12 35.05 35.05 35.04
0.00 0.00 0.00 37.83 38.18 39.44 44.18 44.74 43.27 44.37 39.50 38.45
40.27 42.65 44.35 7.25 6.75 5.72 3.89 4.61 5.93 5.67 8.43 9.77
0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25.28 22.66 21.01 20.28 19.93 19.70 16.79 15.53 15.68 14.91 17.02 16.74