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Last Updated on: 28 February, 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.
Finance & InvestmentsW-4/638 A, Manappuram House, Valapad P.O, Thrissur Kerala
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

Manappuram Finance Ltd. Share Price Update

Share PriceValue
Previous Day₹174.80

Basic Stock Data of Manappuram Finance Ltd

Market Cap 15,570 Cr.
Current Price 184
High / Low193/101
Stock P/E7.65
Book Value 125
Dividend Yield1.61 %
ROCE11.7 %
ROE16.6 %
Face Value 2.00

Data Source:

Competitors of Manappuram Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Abhinav Leasing & Finance Ltd 11.4 Cr. 2.273.57/1.3418.9 1.130.00 %47.5 %1.78 % 1.00
Smartlink Holdings Ltd 173 Cr. 174205/1341,575 1830.00 %1.57 %0.91 % 2.00
Nahar Capital & Financial Services Ltd 508 Cr. 303359/24027.4 9250.49 %6.05 %6.91 % 5.00
Adcon Capital Services Ltd 23.7 Cr. 1.272.96/1.2798.8 0.960.00 %3.93 %3.99 % 1.00
Muthoot Capital Services Ltd 521 Cr. 317460/2365.95 3590.00 %15.2 %17.5 % 10.0
Industry Average247.42 Cr159.51345.21293.820.10%14.85%6.22%3.80

Manappuram Finance Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Financing Profit692658619514381402429581574596706792827
Financing Margin %42%41%40%34%26%27%29%34%33%34%35%37%36%
Other Income68102222101181927311721
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 %

Manappuram Finance Ltd Quarterly Chart

Manappuram Finance Ltd Profit & Loss

MonthMar 2008Mar 2009Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
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
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

Abhinav Capital Services Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:14%
3 Years:7%
Compounded Profit Growth
10 Years:%
5 Years:17%
3 Years:1%
Stock Price CAGR
10 Years:24%
5 Years:10%
3 Years:2%
1 Year:70%
Return on Equity
10 Years:%
5 Years:21%
3 Years:19%
Last Year:17%

Manappuram Finance Ltd Balance Sheet

MonthMar 2008Mar 2009Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1117168168168168169169169169169169169
Preference Capital5140000000000
Other Liabilities7548551352443804609602767703623693814
Total Liabilities29366010,83811,61612,83915,15217,03020,44629,53531,33833,80839,50444,308
Fixed Assets16282022062302223103678039261,0521,0941,093
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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders2,14,3952,31,3952,56,3072,61,4763,46,5434,06,9374,22,0874,00,3723,90,4903,70,9933,50,7103,85,117

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)
SBI Arbitrage Opportunities Fund50100000.3582.36
Aditya Birla Sun Life Pure Value Fund40858111.367.17
ICICI Prudential Equity - Arbitrage Fund43740000.3960.12
Edelweiss Arbitrage Fund35820000.7758.89
Aditya Birla Sun Life Equity Advantage Fund35500001.158.36
Nippon India Arbitrage Fund34800000.4857.21
Axis Arbitrage Fund30180001.4149.62
Tata Banking and Financial Services Fund26000002.3942.74
Aditya Birla Sun Life Banking And Financial Services Fund21906851.2436.01
Aditya Birla Sun Life Arbitrage Fund18540000.4830.48

Manappuram Finance Ltd ROCE Trend

Manappuram Finance Ltd EPS Trend

Manappuram Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
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 (%)
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)
Price / Net Operating Revenue (X)1.571.591.991.462.51

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 of Manappuram Finance Ltd Stock

Fair Value: ₹161.29

The stock is overvalued by 12.34% compared to the current price ₹184

*Investments are subject to market risks

Strength and Weakness of Manappuram Finance Ltd Stock

Unable to fetch valid data for stock valuation.

About the Author

Author Avatar

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 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