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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Manappuram Finance Ltd

About the Company - Manappuram Finance Ltd

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 Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 4562.80 Cr. and Equity Capital is Rs. 169.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)W-4/638 A, Manappuram House, Valapad P.O, Thrissur Kerala 680567cosecretary@manappuram.com
http://www.manappuram.com
Management
NamePosition Held
Mr. Shailesh Jayantilal MehtaChairman(NonExe.&Ind.Director)
Mr. V P NandakumarManaging Director & CEO
Dr. Sumitha NandanExecutive Director
Mr. S R BalasubramanianNon Executive Director
Mr. P ManomohananInd. Non-Executive Director
Mr. V R RamachandranInd. Non-Executive Director
Mr. Harshan KollaraInd. Non-Executive Director
Mr. Abhijit SenInd. Non-Executive Director
Ms. Pratima RamInd. Non-Executive Director
Mr. V P SeemanthiniInd. Non-Executive Director

Basic Stock Data of Manappuram Finance Ltd

Last Updated: June 20, 2024, 10:37 pm

Market Cap 16,316 Cr.
Current Price 193
High / Low207/122
Stock P/E7.45
Book Value 136
Dividend Yield1.84 %
ROCE13.8 %
ROE20.6 %
Face Value 2.00
PEG Ratio1.55

Competitors of Manappuram Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Steel City Securities Ltd 146 Cr. 96.4110/60.612.3 78.43.11 %13.7 %10.3 % 10.0
Crescent Leasing Ltd 2.38 Cr. 5.86/ 11.30.00 %0.63 %1.29 % 10.0
MAS Financial Services Ltd 5,174 Cr. 314388/24720.6 1090.39 %11.7 %15.2 % 10.0
Motor & General Finance Ltd 131 Cr. 33.851.8/28.5113 19.40.00 %2.08 %1.56 % 5.00
Indostar Capital Finance Ltd 3,554 Cr. 262280/14130.7 2380.00 %8.35 %3.65 % 10.0
Industry Average9,040.57 Cr629.2263.861,261.050.34%16.29%25.06%7.65

Manappuram Finance Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue1,6441,6221,5631,5321,4841,4811,5021,6961,7151,7722,0262,1572,305
Interest557524493492531495505528566589648689749
Expenses394440451526572584568587575587671675729
Financing Profit692658619514381402429581574596706792827
Financing Margin %42%41%40%34%26%27%29%34%33%34%35%37%36%
Other Income68102222101181927311721
Depreciation41444341565849465356566262
Profit before tax657622586495348354381553541567681747786
Tax %26%25%26%25%25%26%26%26%27%27%27%25%27%
Net Profit483468437370261261282409393415498561575
EPS in Rs5.705.535.164.373.083.083.334.824.634.885.866.606.77
Gross NPA %
Net NPA %

Last Updated: June 11, 2024, 3:01 am

Manappuram Finance Ltd Quarterly Chart

Manappuram Finance Ltd Profit & Loss

Last Updated: June 1, 2024, 11:43 pm

MonthMar 2008Mar 2009Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue801652,1001,9882,3693,4063,4214,1805,4656,3316,0616,6847,669
Interest14391,0278779471,1691,0301,3451,8322,2192,0112,1882,493
Expenses32786786488201,0111,3441,3651,5471,6692,1332,3172,509
Financing Profit34483964626011,2251,0471,4692,0862,4431,9162,1792,667
Financing Margin %42%29%19%23%25%36%31%35%38%39%32%33%35%
Other Income011153358638644656696
Depreciation23645456636875164171198204228
Profit before tax33463434145481,1661,0371,4572,0072,3161,7842,0412,535
Tax %34%35%34%34%35%35%35%35%26%26%26%26%
Net Profit21302262713557586769491,4801,7251,3291,5001,867
EPS in Rs0.970.862.693.234.208.988.0411.1617.3720.3715.7017.6721.97
Dividend Payout %10%15%67%42%54%17%25%19%16%10%19%17%

Manappuram Finance Ltd Profit & Loss Yearly Chart

Manappuram Finance Ltd Growth

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:23%
5 Years:6%
3 Years:5%
1 Year:46%
Return on Equity
10 Years:20%
5 Years:21%
3 Years:18%
Last Year:21%

Last Updated: June 15, 2024, 9:08 pm

Manappuram Finance Ltd Balance Sheet

MonthMar 2008Mar 2009Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1117168168168168169169169169169169169
Reserves321442,3242,4652,5903,1933,6454,3785,5777,1388,1999,47610,403
Preference Capital5140000000000
Borrowings1744517,7958,6329,63810,98612,60715,29723,02223,32724,81629,16732,922
Other Liabilities7548551352443804609602767703623693814
Total Liabilities29366010,83811,61612,83915,15217,03020,44629,53531,33833,80839,50444,308
Fixed Assets16282022062302223103678039261,0521,0941,093
CWIP0051010138131724
Investments21796217495517490338421534543
Other Assets2746319,83611,19312,56014,92516,71519,90428,63930,06632,32237,86042,648
Total Assets29366010,83811,61612,83915,15217,03020,44629,53531,33833,80839,50444,308

Manappuram Finance Ltd Reserves and Borrowings Chart

Manappuram Finance Ltd Cash Flow

MonthMar 2008Mar 2009Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -57-2352,924-888-1,042-1,271-33-1,661-3,620-619-423-3,103
Cash from Investing Activity -6-10264972-25-148-37126-186-193-616
Cash from Financing Activity 109290-2,9232657721,2112932,3886,049594383,849
Net Cash Flow4646426-198-841123562,455-747-177130

Manappuram Finance Ltd Financial Efficiency Indicators

MonthMar 2008Mar 2009Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %63%29%11%13%25%19%22%28%26%17%17%

Manappuram Finance Ltd Financial Efficiency Indicators Chart

Manappuram Finance Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters34.99%35.05%35.06%35.06%35.15%35.18%35.20%35.20%35.20%35.20%35.20%35.20%
FIIs35.86%34.93%34.81%29.83%28.91%28.36%30.07%30.17%30.73%27.08%28.95%31.99%
DIIs10.98%13.43%14.33%15.80%13.50%12.18%11.57%13.54%10.65%12.25%12.15%9.50%
Public18.17%16.59%15.80%19.31%22.44%24.27%23.16%21.11%23.42%25.47%23.69%23.32%
No. of Shareholders2,31,3952,56,3072,61,4763,46,5434,06,9374,22,0874,00,3723,90,4903,70,9933,50,7103,85,1174,37,488

Manappuram Finance Ltd Shareholding Pattern Chart

No. of Manappuram Finance Ltd Shareholders

Manappuram Finance Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Arbitrage Opportunities Fund5,010,0000.3582.365,010,0002024-06-190%
Aditya Birla Sun Life Pure Value Fund4,085,8111.367.175,010,0002024-06-19-18.45%
ICICI Prudential Equity - Arbitrage Fund4,374,0000.3960.125,010,0002024-06-19-12.69%
Edelweiss Arbitrage Fund3,582,0000.7758.895,010,0002024-06-19-28.5%
Aditya Birla Sun Life Equity Advantage Fund3,550,0001.158.365,010,0002024-06-19-29.14%
Nippon India Arbitrage Fund3,480,0000.4857.215,010,0002024-06-19-30.54%
Axis Arbitrage Fund3,018,0001.4149.625,010,0002024-06-19-39.76%
Tata Banking and Financial Services Fund2,600,0002.3942.745,010,0002024-06-19-48.1%
Aditya Birla Sun Life Banking And Financial Services Fund2,190,6851.2436.015,010,0002024-06-19-56.27%
Aditya Birla Sun Life Arbitrage Fund1,854,0000.4830.485,010,0002024-06-19-62.99%

Manappuram Finance Ltd ROCE Trend

Manappuram Finance Ltd EPS Trend

Manappuram Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)17.7215.7020.4017.5411.26
Diluted EPS (Rs.)17.7215.7020.4017.4911.24
Cash EPS (Rs.)20.1318.0422.4019.4612.15
Book Value[Excl.RevalReserv]/Share (Rs.)114.1999.0686.9068.3154.45
Book Value[Incl.RevalReserv]/Share (Rs.)114.1999.0686.9068.3154.45
Revenue From Operations / Share (Rs.)78.9771.6174.8064.6849.59
PBDIT / Share (Rs.)52.3747.1755.6047.3834.13
PBIT / Share (Rs.)49.9644.8453.5845.4433.24
PBT / Share (Rs.)24.1121.0727.3623.7517.28
Net Profit / Share (Rs.)17.7215.7020.3817.5211.25
NP After MI And SOA / Share (Rs.)17.6715.7020.3717.3711.16
PBDIT Margin (%)66.3165.8774.3373.2568.83
PBIT Margin (%)63.2662.6171.6370.2567.03
PBT Margin (%)30.5329.4236.5836.7234.85
Net Profit Margin (%)22.4421.9227.2427.0822.69
NP After MI And SOA Margin (%)22.3821.9127.2326.8522.50
Return on Networth / Equity (%)15.5115.8723.5925.6820.69
Return on Capital Employeed (%)25.5320.8323.8326.9026.77
Return On Assets (%)3.783.925.505.064.59
Long Term Debt / Equity (X)0.691.151.571.411.26
Total Debt / Equity (X)2.952.883.113.823.37
Asset Turnover Ratio (%)0.150.150.180.190.19
Current Ratio (X)1.662.082.451.901.98
Quick Ratio (X)1.662.082.451.901.98
Dividend Payout Ratio (NP) (%)17.5119.116.1319.4819.26
Dividend Payout Ratio (CP) (%)15.4116.635.5817.5217.83
Earning Retention Ratio (%)82.4980.8993.8780.5280.74
Cash Earning Retention Ratio (%)84.5983.3794.4282.4882.17
Interest Coverage Ratio (X)2.031.992.122.192.14
Interest Coverage Ratio (Post Tax) (X)1.691.661.781.811.71
Enterprise Value (Cr.)35942.3231052.2832474.5726235.3924680.38
EV / Net Operating Revenue (X)5.385.125.134.805.91
EV / EBITDA (X)8.117.786.906.558.58
MarketCap / Net Operating Revenue (X)1.571.591.991.462.51
Retention Ratios (%)82.4880.8893.8680.5180.73
Price / BV (X)1.091.151.731.402.31
Price / Net Operating Revenue (X)1.571.591.991.462.51
EarningsYield0.140.130.130.180.08

Manappuram Finance Ltd Profitability Ratios (%)

Manappuram Finance Ltd Liquidity Ratios

Manappuram Finance Ltd Liquidity Ratios (%)

Manappuram Finance Ltd Interest Coverage Ratios (%)

Manappuram Finance Ltd Valuation Ratios

Fair Value

Fair Value: 212.56

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.

Undervalued: 10.13% compared to the current price 193

Intrinsic Value: 222.79

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 15.43% compared to the current price ₹193

Last 5 Year EPS CAGR: 4.81%

*Investments are subject to market risks

Strength and Weakness of Manappuram Finance Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of Manappuram Finance Ltd?

The latest fair value of Manappuram Finance Ltd is ₹212.56.

What is the Market Cap of Manappuram Finance Ltd?

The Market Cap of Manappuram Finance Ltd is 16,316 Cr..

What is the current Stock Price of Manappuram Finance Ltd as on 20 June 2024?

The current stock price of Manappuram Finance Ltd as on 20 June 2024 is ₹193.

What is the High / Low of Manappuram Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manappuram Finance Ltd stocks is 207/122.

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

The Stock P/E of Manappuram Finance Ltd is 7.45.

What is the Book Value of Manappuram Finance Ltd?

The Book Value of Manappuram Finance Ltd is 136.

What is the Dividend Yield of Manappuram Finance Ltd?

The Dividend Yield of Manappuram Finance Ltd is 1.84 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Manappuram Finance Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE