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 ₹ 18,028 Cr.
- Current Price ₹ 213
- High / Low ₹ 230 / 125
- Stock P/E 8.24
- Book Value ₹ 136
- Dividend Yield 1.67 %
- ROCE 13.8 %
- ROE 20.6 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
* 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 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
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Revenue | 165 | 2,100 | 1,988 | 2,369 | 3,406 | 3,421 | 4,180 | 5,465 | 6,331 | 6,061 | 6,684 | 8,848 |
Interest | 39 | 1,027 | 877 | 947 | 1,169 | 1,030 | 1,345 | 1,832 | 2,219 | 2,011 | 2,188 | 2,866 |
78 | 678 | 648 | 820 | 1,011 | 1,344 | 1,365 | 1,547 | 1,669 | 2,133 | 2,317 | 2,848 | |
Financing Profit | 48 | 396 | 462 | 601 | 1,225 | 1,047 | 1,469 | 2,086 | 2,443 | 1,916 | 2,179 | 3,134 |
Financing Margin % | 29% | 19% | 23% | 25% | 36% | 31% | 35% | 38% | 39% | 32% | 33% | 35% |
1 | 11 | 5 | 3 | 3 | 58 | 63 | 86 | 44 | 65 | 66 | 72 | |
Depreciation | 3 | 64 | 54 | 56 | 63 | 68 | 75 | 164 | 171 | 198 | 204 | 246 |
Profit before tax | 46 | 343 | 414 | 548 | 1,166 | 1,037 | 1,457 | 2,007 | 2,316 | 1,784 | 2,041 | 2,960 |
Tax % | 35% | 34% | 34% | 35% | 35% | 35% | 35% | 26% | 26% | 26% | 26% | 26% |
30 | 226 | 271 | 355 | 758 | 676 | 949 | 1,480 | 1,725 | 1,329 | 1,500 | 2,197 | |
EPS in Rs | 0.86 | 2.69 | 3.23 | 4.20 | 8.98 | 8.04 | 11.16 | 17.37 | 20.37 | 15.70 | 17.67 | 25.86 |
Dividend Payout % | 15% | 67% | 42% | 54% | 17% | 25% | 19% | 16% | 10% | 19% | 17% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 16% |
3 Years: | 12% |
TTM: | 32% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 18% |
3 Years: | 8% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 14% |
3 Years: | 1% |
1 Year: | 54% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 21% |
3 Years: | 18% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 17 | 168 | 168 | 168 | 168 | 169 | 169 | 169 | 169 | 169 | 169 | 169 |
Reserves | 144 | 2,324 | 2,465 | 2,590 | 3,193 | 3,645 | 4,378 | 5,577 | 7,138 | 8,199 | 9,476 | 11,379 |
455 | 7,795 | 8,632 | 9,638 | 10,986 | 12,607 | 15,297 | 23,022 | 23,327 | 24,816 | 29,167 | 34,320 | |
44 | 551 | 352 | 443 | 804 | 609 | 602 | 767 | 703 | 623 | 693 | 880 | |
Total Liabilities | 660 | 10,838 | 11,616 | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,808 | 39,504 | 46,748 |
28 | 202 | 206 | 230 | 222 | 310 | 367 | 803 | 926 | 1,052 | 1,094 | 1,070 | |
CWIP | 0 | 5 | 1 | 0 | 1 | 0 | 1 | 3 | 8 | 13 | 17 | 33 |
Investments | 1 | 796 | 217 | 49 | 5 | 5 | 174 | 90 | 338 | 421 | 534 | 726 |
631 | 9,836 | 11,193 | 12,560 | 14,925 | 16,715 | 19,904 | 28,639 | 30,066 | 32,322 | 37,860 | 44,918 | |
Total Assets | 660 | 10,838 | 11,616 | 12,839 | 15,152 | 17,030 | 20,446 | 29,535 | 31,338 | 33,808 | 39,504 | 46,748 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-235 | 2,924 | -888 | -1,042 | -1,271 | -33 | -1,661 | -3,620 | -619 | -423 | -3,103 | -3,383 | |
-10 | 2 | 649 | 72 | -25 | -148 | -371 | 26 | -186 | -193 | -616 | -593 | |
290 | -2,923 | 265 | 772 | 1,211 | 293 | 2,388 | 6,049 | 59 | 438 | 3,849 | 4,025 | |
Net Cash Flow | 46 | 4 | 26 | -198 | -84 | 112 | 356 | 2,455 | -747 | -177 | 130 | 49 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 29% | 11% | 13% | 25% | 19% | 22% | 28% | 26% | 17% | 17% | 21% |
Documents
Announcements
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 6h
- Board Meeting Intimation for To Consider The Unaudited Consolidated And Standalone Financial Results Of The Company For The Period And Quarter Ended June 30, 2024, And For Considering Declaration Of Interim Dividend. 16h
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Announcement under Regulation 30 (LODR)-Meeting Updates
1d - On cancellation of meeting scheduled to be held on 25.07.2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Jul - Newspaper advertisement of 32nd AGM notice to shareholders
- 32Nd AGM On 14-08-2024 22 Jul
Annual reports
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Financial Year 2023
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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 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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Financial Year 2009
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Concalls
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May 2024Transcript PPT
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Feb 2016Transcript PPT
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Dec 2015TranscriptNotesPPT
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.