NSE: MANAPPURAM | BSE: 531213

Turnaround Potential

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316.10 1.55 (0.49%)

High vol.+gain this week

NSE 26 Dec, 2025 9:07 AM (IST)

26,755.8

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High in industry

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High Volatility

Manappuram Finance Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MANAPPURAM, BSE:531213 Manappuram Finance Ltd.

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Manappuram Finance Ltd.

31 Oct 2025

316.10

0.49%

Gold loan growth strong but NIM compression continues

Neutral: Manappuram Finance Ltd.

Target

Motilal Oswal

MGFL reported consol. PAT of INR2.2b in 2QFY26 (12% beat). NII declined ~16% YoY to ~INR13.8b (in line) and PPoP declined ~35% YoY to ~INR6.7b (in line). Operating expenses grew 6% YoY to ~INR7.4b (in line).

Manappuram Finance has gained 10.12% in the last 1 Week

Manappuram Finance Ltd.

10 Sep 2025

316.10

0.49%

MANAPPURAM FINANCE LIMITED

Sell: Manappuram Finance Ltd.

Recommendation Target

Geojit BNP Paribas

We expect yield compression to persist in the medium term as the company pivots toward secured lending to enhance competitiveness and attract high-value clients. Asset quality in the gold loan segment remains stable, supported by strong gold prices. However, risks in the nongold portfolioparticularly MFI, MSME, and vehicle financeremain elevated. Near-term credit cost pressures are likely to continue, though improved employee incentives may support recoveries and offset provisioning risks. As the company navigates its stabilization phase, improvements are expected to unfold gradually. Given the recent price hike and stretched...

Manappuram Finance L.. has an average target of 279.00 from 5 brokers.

Manappuram Finance Ltd.

11 Aug 2025

316.10

0.49%

Future prospects + valuations > history

Buy: Manappuram Finance Ltd.

Target

ICICI Securities Limited

We put Manappuram Finance (Manappuram) in this framework to upgrade the stock, from Hold, to BUY. We find future prospect promising with a new strategic direction for the business, which entails new management, lower MFI mix, better asset quality management and high growth and low yield in core gold business.

Number of FII/FPI investors decreased from 325 to 310 in Sep 2025 qtr

Manappuram Finance Ltd.

11 Aug 2025

316.10

0.49%

Result Update:Manappuram Fin.

Hold: Manappuram Finance Ltd.

Recommendation Target

Axis Direct

We revise our rating from BUY to HOLD

Manappuram Finance has gained 10.12% in the last 1 Week

Manappuram Finance Ltd.

11 Aug 2025

316.10

0.49%

Manappuram Finance: Q1FY26 Result Review

Hold: Manappuram Finance Ltd.

Recommendation Target

IDBI Capital

Manappuram Finance's gold loan portfolio grew by 22% YoY (vs 19% YoY FY25) backed by higher gold prices. However, MFI portfolio declined by 51% YoY (down 23% QoQ) due to strategy change. Thus, overall AUM de-grew by 1% YoY vs +2% YoY (FY25). We expect 13% CAGR (FY25-27E) AUM growth led by gold portfolio. MFI losses declined during the quarter due to decline in provisions. MFI asset quality improved with GNPA at 4.4% vs 8.5% QoQ led by lower slippages. Cons. NII declined by 10% YoY led by lower NIMs; PPoP declined by 33% YoY led by lower other income (down 77% YoY). Reported profit vs loss QoQ led by lower...

Manappuram Finance Ltd. is trading above all available SMAs

Manappuram Finance Ltd.

10 Aug 2025

316.10

0.49%

Strong gold loan momentum tempered by yield compression

Neutral: Manappuram Finance Ltd.

Target

Motilal Oswal

MGFL reported 1QFY26 consol. profit of INR1.3b. NII declined ~10% YoY to ~INR13.8b (in line) and PPoP fell ~33% YoY to ~INR6.6b (in line).

Number of FII/FPI investors decreased from 325 to 310 in Sep 2025 qtr

Manappuram Finance Ltd.

04 Jun 2025

316.10

0.49%

MANAPPURAM FINANCE LIMITED

Hold: Manappuram Finance Ltd.

Target

Geojit BNP Paribas

We expect a short-term yield contraction as the company shifts toward secured lending and aims to attract high-ticket clients. The downward revision in earnings forecasts reflects changes in the equity structure. Although the shift in lending strategy may pressure asset quality in the near term, improved employee incentives could aid recoveries and help offset provisioning risks. With the ongoing restructuring and Bain Capital's involvement, we foresee enhancements in process discipline and cost control. Given the short-term stabilization phase, this may take time. We revise our rating to...

Manappuram Finance L.. has an average target of 279.00 from 5 brokers.

Manappuram Finance Ltd.

21 Mar 2025

316.10

0.49%

New tidings

Buy: Manappuram Finance Ltd.

ICICI Securities Limited

The definitive agreement of Bain Capital for joint control of Manappuram Finance is a positive strategic step for the company towards the next phase of growth with a potential transformation of leadership, operational efficiency and control.

Manappuram Finance L.. has an average target of 279.00 from 5 brokers.

Manappuram Finance Ltd.

21 Mar 2025

316.10

0.49%

Manappuram Finance: Company Update

Buy: Manappuram Finance Ltd.

Recommendation Target

IDBI Capital

Manappuram Finance L.. has an average target of 279.00 from 5 brokers.

Manappuram Finance Ltd.

21 Mar 2025

316.10

0.49%

Bain Capital’s acquisition of joint control a healthy development

Neutral: Manappuram Finance Ltd.

Target

Motilal Oswal

Bain Capital will invest ~INR43.85b in MGFL to acquire ~18% stake on a fully diluted basis through a preferential allotment of equity shares and warrants at INR236/share (~30% above the six-month average trading price and ~9% higher than the CMP).

Manappuram Finance Ltd. is trading above all available SMAs

Is Manappuram Finance Ltd. worth buying?

1092 Votes:

Buy 82.88%

Sell 10.26%

Hold 6.87%

RESEARCH REPORTS

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Sell SEE REPORTS >

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