NSE: MANAPPURAM | BSE: 531213

Turnaround Potential

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261.45 -1.55 (-0.59%)

88.98% Gain from 52W Low

3.6M NSE+BSE Volume

NSE 29 Aug, 2025 3:31 PM (IST)

22,130

Market Cap

High in industry

1.0

Beta 1Year

Average volatility

Divestment

Manappuram's promoter group enters a Rs 4,384 cr share transfer deal with BC Asia Investments XXV See details

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.

11 Aug 2025

261.45

-0.59%

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 increased from 300 to 325 in Jun 2025 qtr.

Manappuram Finance Ltd.

11 Aug 2025

261.45

-0.59%

Result Update:Manappuram Fin.

Hold: Manappuram Finance Ltd.

Recommendation Target

Axis Direct

We revise our rating from BUY to HOLD

Manappuram Finance Ltd. has gained 25.54% in the last 6 Months

Manappuram Finance Ltd.

11 Aug 2025

261.45

-0.59%

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 its 200 day SMA of 220.9

Manappuram Finance Ltd.

10 Aug 2025

261.45

-0.59%

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 increased from 300 to 325 in Jun 2025 qtr.

Manappuram Finance Ltd.

04 Jun 2025

261.45

-0.59%

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 272.60 from 5 brokers.

Manappuram Finance Ltd.

21 Mar 2025

261.45

-0.59%

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 272.60 from 5 brokers.

Manappuram Finance Ltd.

21 Mar 2025

261.45

-0.59%

Manappuram Finance: Company Update

Buy: Manappuram Finance Ltd.

Recommendation Target

IDBI Capital

Manappuram Finance L.. has an average target of 272.60 from 5 brokers.

Manappuram Finance Ltd.

21 Mar 2025

261.45

-0.59%

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).