Manappuram Finance Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 9:32 pm

Market Cap	19,852 Cr.
Current Price	234
High / Low	248/138
Stock P/E	10.1
Book Value	148
Dividend Yield	1.52 %
ROCE	13.8 %
ROE	20.6 %
Face Value	2.00
PEG Ratio	3.77

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Manappuram Finance Ltd

Competitors of Manappuram Finance Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
My Money Securities Ltd	42.8 Cr.	25.5	69.2/0.00	4.10	18.5	0.00 %	12.0 %	11.3 %	10.0
Nam Securities Ltd	52.4 Cr.	97.1	198/92.5	187	21.2	0.00 %	4.16 %	3.05 %	10.0
ICDS Ltd	61.6 Cr.	43.9	76.2/32.5	70.0	22.2	0.00 %	9.12 %	7.69 %	10.0
HCKK Ventures Ltd	61.1 Cr.	165	165/77.4	291	11.6	0.00 %	8.17 %	6.44 %	10.0
Ujjivan Financial Services Ltd	7,179 Cr.	590	593/511	8.75	299	0.59 %	10.3 %	32.1 %	10.0
Industry Average	16,468.95 Cr	1,632.08		42.97	4,559.44	0.41%	9.56%	11.97%	7.88

All Competitor Stocks of Manappuram Finance Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Revenue	1,484	1,481	1,502	1,696	1,715	1,776	2,030	2,161	2,305	2,360	2,488	2,633	2,560
Interest	531	495	505	528	566	589	648	689	749	779	848	906	925
Expenses	572	584	568	587	575	587	671	675	729	772	846	892	1,191
Financing Profit	381	402	429	581	574	600	710	796	827	808	793	835	444
Financing Margin %	26%	27%	29%	34%	33%	34%	35%	37%	36%	34%	32%	32%	17%
Other Income	22	10	1	18	19	23	27	13	21	2	24	4	3
Depreciation	56	58	49	46	53	56	56	62	62	65	64	67	70
Profit before tax	348	354	381	553	541	567	681	747	786	746	753	773	376
Tax %	25%	26%	26%	26%	27%	27%	27%	25%	27%	24%	26%	26%	26%
Net Profit	261	261	282	409	393	415	498	561	575	563	557	572	278
EPS in Rs	3.08	3.08	3.33	4.82	4.63	4.88	5.86	6.60	6.77	6.63	6.55	6.74	3.33
Gross NPA %
Net NPA %

Last Updated: February 28, 2025, 6:33 pm

Below is a detailed analysis of the quarterly data for Manappuram Finance Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Interest, as of Dec 2024, the value is ₹925.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 906.00 Cr. (Sep 2024) to ₹925.00 Cr., marking an increase of 19.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1,191.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 892.00 Cr. (Sep 2024) to ₹1,191.00 Cr., marking an increase of 299.00 Cr..
For Other Income, as of Dec 2024, the value is ₹3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4.00 Cr. (Sep 2024) to ₹3.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹70.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 67.00 Cr. (Sep 2024) to ₹70.00 Cr., marking an increase of 3.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹376.00 Cr.. The value appears to be declining and may need further review. It has decreased from 773.00 Cr. (Sep 2024) to ₹376.00 Cr., marking a decrease of 397.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 26.00%.
For Net Profit, as of Dec 2024, the value is ₹278.00 Cr.. The value appears to be declining and may need further review. It has decreased from 572.00 Cr. (Sep 2024) to ₹278.00 Cr., marking a decrease of 294.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 3.33. The value appears to be declining and may need further review. It has decreased from 6.74 (Sep 2024) to 3.33, marking a decrease of 3.41.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:33 pm

Metric	Mar 2009	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Revenue	165	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	39	1,027	877	947	1,169	1,030	1,345	1,832	2,219	2,011	2,188	2,866	3,459
Expenses	78	678	648	820	1,011	1,344	1,365	1,547	1,669	2,133	2,317	2,848	3,702
Financing Profit	48	396	462	601	1,225	1,047	1,469	2,086	2,443	1,916	2,195	3,134	2,880
Financing Margin %	29%	19%	23%	25%	36%	31%	35%	38%	39%	32%	33%	35%	29%
Other Income	1	11	5	3	3	58	63	86	44	65	50	72	33
Depreciation	3	64	54	56	63	68	75	164	171	198	204	246	266
Profit before tax	46	343	414	548	1,166	1,037	1,457	2,007	2,316	1,784	2,041	2,960	2,647
Tax %	35%	34%	34%	35%	35%	35%	35%	26%	26%	26%	26%	26%
Net Profit	30	226	271	355	758	676	949	1,480	1,725	1,329	1,500	2,197	1,971
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	23.25
Dividend Payout %	15%	67%	42%	54%	17%	25%	19%	16%	10%	19%	17%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	19.91%	31.00%	113.52%	-10.82%	40.38%	55.95%	16.55%	-22.96%	12.87%	46.47%
Change in YoY Net Profit Growth (%)	0.00%	11.08%	82.52%	-124.34%	51.20%	15.57%	-39.40%	-39.51%	35.82%	33.60%

Manappuram Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	15%
5 Years:	16%
3 Years:	12%
TTM:	21%

Compounded Profit Growth
10 Years:	26%
5 Years:	18%
3 Years:	8%
TTM:	-4%

Stock Price CAGR
10 Years:	21%
5 Years:	20%
3 Years:	24%
1 Year:	21%

Return on Equity
10 Years:	20%
5 Years:	21%
3 Years:	18%
Last Year:	21%

Last Updated: Unknown

Balance Sheet

Last Updated: March 14, 2025, 3:17 pm

Month	Mar 2009	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	17	168	168	168	168	169	169	169	169	169	169	169	169
Reserves	147	2,324	2,465	2,590	3,193	3,645	4,378	5,577	7,138	8,199	9,476	11,379	12,359
Deposits	0	0	0	0	0	0	0	0	0	0	0	0	0
Borrowings	455	7,795	8,632	9,638	10,986	12,607	15,297	23,022	23,327	24,816	29,167	34,320	39,148
Other Liabilities	41	551	352	443	804	609	602	767	703	623	693	880	739
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	52,416
Fixed Assets	28	202	206	230	222	310	367	803	926	1,052	1,094	1,070	1,130
CWIP	0	5	1	0	1	0	1	3	8	13	17	33	7
Investments	1	796	217	49	5	5	174	90	338	421	534	726	814
Other Assets	631	9,836	11,193	12,560	14,925	16,715	19,904	28,639	30,066	32,322	37,860	44,918	50,465
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	52,416

Below is a detailed analysis of the balance sheet data for Manappuram Finance Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹169.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 169.00 Cr..
For Reserves, as of Sep 2024, the value is ₹12,359.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,379.00 Cr. (Mar 2024) to ₹12,359.00 Cr., marking an increase of 980.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹39,148.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 34,320.00 Cr. (Mar 2024) to ₹39,148.00 Cr., marking an increase of 4,828.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹739.00 Cr.. The value appears to be improving (decreasing). It has decreased from 880.00 Cr. (Mar 2024) to ₹739.00 Cr., marking a decrease of 141.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹52,416.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 46,748.00 Cr. (Mar 2024) to ₹52,416.00 Cr., marking an increase of 5,668.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,130.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,070.00 Cr. (Mar 2024) to ₹1,130.00 Cr., marking an increase of 60.00 Cr..
For CWIP, as of Sep 2024, the value is ₹7.00 Cr.. The value appears to be declining and may need further review. It has decreased from 33.00 Cr. (Mar 2024) to ₹7.00 Cr., marking a decrease of 26.00 Cr..
For Investments, as of Sep 2024, the value is ₹814.00 Cr.. The value appears strong and on an upward trend. It has increased from 726.00 Cr. (Mar 2024) to ₹814.00 Cr., marking an increase of 88.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹50,465.00 Cr.. The value appears strong and on an upward trend. It has increased from 44,918.00 Cr. (Mar 2024) to ₹50,465.00 Cr., marking an increase of 5,547.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹52,416.00 Cr.. The value appears strong and on an upward trend. It has increased from 46,748.00 Cr. (Mar 2024) to ₹52,416.00 Cr., marking an increase of 5,668.00 Cr..

However, the Borrowings (39,148.00 Cr.) are higher than the Reserves (₹12,359.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2009	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-235	2,924	-888	-1,042	-1,271	-33	-1,661	-3,620	-619	-423	-3,103	-3,383
Cash from Investing Activity +	-10	2	649	72	-25	-148	-371	26	-186	-193	-616	-593
Cash from Financing Activity +	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

Free Cash Flow

Month	Mar 2009	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	78.00	678.00	648.00	820.00	1.00	1.00	1.00	1.00	1.00	2.00	2.00	2.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	35.06%	35.06%	35.15%	35.18%	35.20%	35.20%	35.20%	35.20%	35.20%	35.20%	35.24%	35.25%
FIIs	34.81%	29.83%	28.91%	28.36%	30.07%	30.17%	30.73%	27.08%	28.95%	31.99%	33.00%	30.36%
DIIs	14.33%	15.80%	13.50%	12.18%	11.57%	13.54%	10.65%	12.25%	12.15%	9.50%	9.34%	10.97%
Public	15.80%	19.31%	22.44%	24.27%	23.16%	21.11%	23.42%	25.47%	23.69%	23.32%	22.42%	23.41%
No. of Shareholders	2,61,476	3,46,543	4,06,937	4,22,087	4,00,372	3,90,490	3,70,993	3,50,710	3,85,117	4,37,488	4,52,090	5,74,726

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	7,859,923	0.95	158.26	7,859,923	2025-04-03	0%
SBI Arbitrage Opportunities Fund	4,914,000	0.32	98.94	7,859,923	2025-04-03	-37.48%
Nippon India Arbitrage Fund	4,683,000	0.62	94.29	7,859,923	2025-04-03	-40.42%
Kotak Equity Arbitrage Fund - Regular Plan	3,822,000	0.14	76.96	7,859,923	2025-04-03	-51.37%
SBI Flexi Cap Fund	3,749,439	0.32	75.5	7,859,923	2025-04-03	-52.3%
ICICI Prudential Equity - Arbitrage Fund	3,717,000	0.31	74.84	7,859,923	2025-04-03	-52.71%
Bandhan Small Cap Fund	3,693,889	0.88	74.38	7,859,923	2025-04-03	-53%
Edelweiss Arbitrage Fund	3,162,000	0.52	63.67	7,859,923	2025-04-03	-59.77%
Quant Quantamental Fund	3,000,000	2.29	60.41	7,859,923	2025-04-03	-61.83%
DSP Arbitrage Fund	2,781,000	0.91	56	7,859,923	2025-04-03	-64.62%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	25.96	17.72	15.70	20.40	17.54
Diluted EPS (Rs.)	25.96	17.72	15.70	20.40	17.49
Cash EPS (Rs.)	28.87	20.13	18.04	22.40	19.46
Book Value[Excl.RevalReserv]/Share (Rs.)	136.77	114.19	99.06	86.90	68.31
Book Value[Incl.RevalReserv]/Share (Rs.)	136.77	114.19	99.06	86.90	68.31
Revenue From Operations / Share (Rs.)	104.53	78.97	71.61	74.80	64.68
PBDIT / Share (Rs.)	71.73	52.37	47.17	55.60	47.38
PBIT / Share (Rs.)	68.82	49.96	44.84	53.58	45.44
PBT / Share (Rs.)	34.96	24.11	21.07	27.36	23.75
Net Profit / Share (Rs.)	25.96	17.72	15.70	20.38	17.52
NP After MI And SOA / Share (Rs.)	25.86	17.67	15.70	20.37	17.37
PBDIT Margin (%)	68.62	66.31	65.87	74.33	73.25
PBIT Margin (%)	65.83	63.26	62.61	71.63	70.25
PBT Margin (%)	33.44	30.53	29.42	36.58	36.72
Net Profit Margin (%)	24.83	22.44	21.92	27.24	27.08
NP After MI And SOA Margin (%)	24.73	22.38	21.91	27.23	26.85
Return on Networth / Equity (%)	18.95	15.51	15.87	23.59	25.68
Return on Capital Employeed (%)	49.09	25.53	20.83	23.83	26.90
Return On Assets (%)	4.68	3.78	3.92	5.50	5.06
Long Term Debt / Equity (X)	0.00	0.69	1.15	1.57	1.41
Total Debt / Equity (X)	2.91	2.95	2.88	3.11	3.82
Asset Turnover Ratio (%)	0.20	0.15	0.15	0.18	0.19
Current Ratio (X)	1.30	1.66	2.08	2.45	1.90
Quick Ratio (X)	1.30	1.66	2.08	2.45	1.90
Dividend Payout Ratio (NP) (%)	0.00	17.51	19.11	6.13	19.48
Dividend Payout Ratio (CP) (%)	0.00	15.41	16.63	5.58	17.52
Earning Retention Ratio (%)	0.00	82.49	80.89	93.87	80.52
Cash Earning Retention Ratio (%)	0.00	84.59	83.37	94.42	82.48
Interest Coverage Ratio (X)	2.12	2.03	1.99	2.12	2.19
Interest Coverage Ratio (Post Tax) (X)	1.77	1.69	1.66	1.78	1.81
Enterprise Value (Cr.)	45148.91	35942.32	31052.28	32474.57	26235.39
EV / Net Operating Revenue (X)	5.10	5.38	5.12	5.13	4.80
EV / EBITDA (X)	7.44	8.11	7.78	6.90	6.55
MarketCap / Net Operating Revenue (X)	1.66	1.57	1.59	1.99	1.46
Retention Ratios (%)	0.00	82.48	80.88	93.86	80.51
Price / BV (X)	1.27	1.09	1.15	1.73	1.40
Price / Net Operating Revenue (X)	1.66	1.57	1.59	1.99	1.46
EarningsYield	0.14	0.14	0.13	0.13	0.18

After reviewing the key financial ratios for Manappuram Finance Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 25.96. This value is within the healthy range. It has increased from 17.72 (Mar 23) to 25.96, marking an increase of 8.24.
For Diluted EPS (Rs.), as of Mar 24, the value is 25.96. This value is within the healthy range. It has increased from 17.72 (Mar 23) to 25.96, marking an increase of 8.24.
For Cash EPS (Rs.), as of Mar 24, the value is 28.87. This value is within the healthy range. It has increased from 20.13 (Mar 23) to 28.87, marking an increase of 8.74.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 136.77. It has increased from 114.19 (Mar 23) to 136.77, marking an increase of 22.58.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 136.77. It has increased from 114.19 (Mar 23) to 136.77, marking an increase of 22.58.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 104.53. It has increased from 78.97 (Mar 23) to 104.53, marking an increase of 25.56.
For PBDIT / Share (Rs.), as of Mar 24, the value is 71.73. This value is within the healthy range. It has increased from 52.37 (Mar 23) to 71.73, marking an increase of 19.36.
For PBIT / Share (Rs.), as of Mar 24, the value is 68.82. This value is within the healthy range. It has increased from 49.96 (Mar 23) to 68.82, marking an increase of 18.86.
For PBT / Share (Rs.), as of Mar 24, the value is 34.96. This value is within the healthy range. It has increased from 24.11 (Mar 23) to 34.96, marking an increase of 10.85.
For Net Profit / Share (Rs.), as of Mar 24, the value is 25.96. This value is within the healthy range. It has increased from 17.72 (Mar 23) to 25.96, marking an increase of 8.24.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 25.86. This value is within the healthy range. It has increased from 17.67 (Mar 23) to 25.86, marking an increase of 8.19.
For PBDIT Margin (%), as of Mar 24, the value is 68.62. This value is within the healthy range. It has increased from 66.31 (Mar 23) to 68.62, marking an increase of 2.31.
For PBIT Margin (%), as of Mar 24, the value is 65.83. This value exceeds the healthy maximum of 20. It has increased from 63.26 (Mar 23) to 65.83, marking an increase of 2.57.
For PBT Margin (%), as of Mar 24, the value is 33.44. This value is within the healthy range. It has increased from 30.53 (Mar 23) to 33.44, marking an increase of 2.91.
For Net Profit Margin (%), as of Mar 24, the value is 24.83. This value exceeds the healthy maximum of 10. It has increased from 22.44 (Mar 23) to 24.83, marking an increase of 2.39.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 24.73. This value exceeds the healthy maximum of 20. It has increased from 22.38 (Mar 23) to 24.73, marking an increase of 2.35.
For Return on Networth / Equity (%), as of Mar 24, the value is 18.95. This value is within the healthy range. It has increased from 15.51 (Mar 23) to 18.95, marking an increase of 3.44.
For Return on Capital Employeed (%), as of Mar 24, the value is 49.09. This value is within the healthy range. It has increased from 25.53 (Mar 23) to 49.09, marking an increase of 23.56.
For Return On Assets (%), as of Mar 24, the value is 4.68. This value is below the healthy minimum of 5. It has increased from 3.78 (Mar 23) to 4.68, marking an increase of 0.90.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.69 (Mar 23) to 0.00, marking a decrease of 0.69.
For Total Debt / Equity (X), as of Mar 24, the value is 2.91. This value exceeds the healthy maximum of 1. It has decreased from 2.95 (Mar 23) to 2.91, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.20. It has increased from 0.15 (Mar 23) to 0.20, marking an increase of 0.05.
For Current Ratio (X), as of Mar 24, the value is 1.30. This value is below the healthy minimum of 1.5. It has decreased from 1.66 (Mar 23) to 1.30, marking a decrease of 0.36.
For Quick Ratio (X), as of Mar 24, the value is 1.30. This value is within the healthy range. It has decreased from 1.66 (Mar 23) to 1.30, marking a decrease of 0.36.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 17.51 (Mar 23) to 0.00, marking a decrease of 17.51.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 15.41 (Mar 23) to 0.00, marking a decrease of 15.41.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 82.49 (Mar 23) to 0.00, marking a decrease of 82.49.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 84.59 (Mar 23) to 0.00, marking a decrease of 84.59.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.12. This value is below the healthy minimum of 3. It has increased from 2.03 (Mar 23) to 2.12, marking an increase of 0.09.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.77. This value is below the healthy minimum of 3. It has increased from 1.69 (Mar 23) to 1.77, marking an increase of 0.08.
For Enterprise Value (Cr.), as of Mar 24, the value is 45,148.91. It has increased from 35,942.32 (Mar 23) to 45,148.91, marking an increase of 9,206.59.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 5.10. This value exceeds the healthy maximum of 3. It has decreased from 5.38 (Mar 23) to 5.10, marking a decrease of 0.28.
For EV / EBITDA (X), as of Mar 24, the value is 7.44. This value is within the healthy range. It has decreased from 8.11 (Mar 23) to 7.44, marking a decrease of 0.67.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.66. This value is within the healthy range. It has increased from 1.57 (Mar 23) to 1.66, marking an increase of 0.09.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 82.48 (Mar 23) to 0.00, marking a decrease of 82.48.
For Price / BV (X), as of Mar 24, the value is 1.27. This value is within the healthy range. It has increased from 1.09 (Mar 23) to 1.27, marking an increase of 0.18.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.66. This value is within the healthy range. It has increased from 1.57 (Mar 23) to 1.66, marking an increase of 0.09.
For EarningsYield, as of Mar 24, the value is 0.14. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.14.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Manappuram Finance Ltd as of April 4, 2025 is: 250.09

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Manappuram Finance Ltd is Undervalued by 6.88% compared to the current share price 234.00

Intrinsic Value of Manappuram Finance Ltd as of April 4, 2025 is: 256.79

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Manappuram Finance Ltd is Undervalued by 9.74% compared to the current share price 234.00

Last 5 Year EPS CAGR: 2.68%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Manappuram Finance Ltd:
1. Net Profit Margin: 24.83%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 49.09% (Industry Average ROCE: 9.56%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 18.95% (Industry Average ROE: 11.97%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.77
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.3
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 10.1 (Industry average Stock P/E: 42.97)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 2.91
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Manappuram Finance Ltd. is a Public Limited Listed company incorporated on 15/07/1992 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L65910KL1992PLC006623 and registration number is 006623. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 5829.91 Cr. and Equity Capital is Rs. 169.29 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	W-4/638 A, Manappuram House, Valapad P.O, Thrissur Kerala 680567	cosecretary@manappuram.com http://www.manappuram.com

Management
Name	Position Held
Mr. Shailesh Jayantilal Mehta	Chairman(NonExe.&Ind.Director)
Mr. V P Nandakumar	Managing Director & CEO
Dr. Sumitha Nandan	Executive Director
Mr. V P Seemanthini	Ind. Non-Executive Director
Mr. V R Ramachandran	Ind. Non-Executive Director
Mr. P Manomohanan	Ind. Non-Executive Director
Mr. Harshan Kollara	Ind. Non-Executive Director
Mr. Abhijit Sen	Ind. Non-Executive Director
Mr. T C Suseel Kumar	Ind. Non-Executive Director
Ms. Pratima Ram	Ind. Non-Executive Director
Dr. Sankaran Nair Rajagopal	Ind. Non-Executive Director
Mr. E K Bharat Bhushan	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Manappuram Finance Ltd?

Manappuram Finance Ltd's intrinsic value (as of 03 April 2025) is ₹250.09 — 6.88% higher the current market price of ₹234.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 19,852 Cr. market cap, FY2025-2026 high/low of ₹248/138, reserves of 12,359 Cr, and liabilities of 52,416 Cr.

What is the Market Cap of Manappuram Finance Ltd?

The Market Cap of Manappuram Finance Ltd is 19,852 Cr..

What is the current Stock Price of Manappuram Finance Ltd as on 03 April 2025?

The current stock price of Manappuram Finance Ltd as on 03 April 2025 is 234.

What is the High / Low of Manappuram Finance Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Manappuram Finance Ltd stocks is ₹248/138.

What is the Stock P/E of Manappuram Finance Ltd?

The Stock P/E of Manappuram Finance Ltd is 10.1.

What is the Book Value of Manappuram Finance Ltd?

The Book Value of Manappuram Finance Ltd is 148.

What is the Dividend Yield of Manappuram Finance Ltd?

The Dividend Yield of Manappuram Finance Ltd is 1.52 %.

What is the ROCE of Manappuram Finance Ltd?

The ROCE of Manappuram Finance Ltd is 13.8 %.

What is the ROE of Manappuram Finance Ltd?

The ROE of Manappuram Finance Ltd is 20.6 %.

What is the Face Value of Manappuram Finance Ltd?

The Face Value of Manappuram Finance Ltd is 2.00.