Manappuram Finance Ltd.    
31 Jul 2020
156.10
1.17%
buy
Arihant Capital
Manappuram Finance (MFL) reported weak performance in terms of asset quality and growth front, led by its non-gold business. However, operating performance of the Company remained healthy. Gold loan business of the Company continued to remain strong. NII for the quarter grew by 19% YoY to Rs 946 cr, led by 26% YoY growth in consolidated AUM. Healthy NII growth and cost optimization bolstered operating profit growth at 41% YoY to Rs 638 cr. Cost to Income ratio came down by 384 bps QoQ to 32.9%. Profit during the quarter increased by 35% YoY to Rs 368 cr, but it has declined by 8% QoQ, due to 19% QoQ increase in provisions at Rs 145...
Number of FIIs/FPIs holding stock fell by 6 to 273 in Jun 2020 qtr.
Manappuram Finance Ltd.    
31 Jul 2020
156.10
1.17%
buy
Geojit BNP Paribas
Manappuram Finance (MGFL) is one of the leading gold loan NBFCs in India and is well diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of...
Manappuram Finance Ltd. has gained 32.79% in the last 3 Months
Manappuram Finance Ltd.    
30 Jul 2020
156.10
1.17%
Nirmal Bang Institutional
Underlying gold demand weak, expect pick up Manappuram Finance (MGFL) reported consolidated NII growth of 18.1% YoY (flat QoQ) on the back of AUM (consol.) growth of 25.6% YoY (0.5% QoQ). Growth in gold loan AUM was robust at 33.4% YoY and 4.5% QoQ whereas all the other segments (VF, HF and MFI) declined sequentially. The MFI book (Asirvad) was down 8% QoQ (up 20% YoY) as there were no disbursements during the quarter. In gold finance, the tonnage volume fell by 4.7% QoQ (up ~1% YoY). Growth in the gold loan business was mainly driven by a higher ticket size (up 30.3% YoY and 10.6% QoQ). Key reason behind the decline in tonnage was the low demand environment (estimated to be down 20-25%). We believe that the reasons...
Manappuram Finance L.. has an average target of 172.38 from 8 brokers.
Manappuram Finance Ltd.    
29 Jul 2020
156.10
1.17%
buy
Yes Securities
Earnings in the gold loans business were strong, driven by healthy valueled AUM growth (4.5% qoq/33% yoy), substantial shift towards online gold loans (63% of book) andsustainedcostreduction.However,45%qoqdeclinein goldholdingsandactivecustomerbasewasdisappointing. Invehiclefinance(5%ofAUM),AUMdeclinedby6%qoq. GrossNPLsspikedfurtherinQ1FY21to10%andsignificant provisionsweremadetocontainNetNPLsat4%.Collection...
Number of FIIs/FPIs holding stock fell by 6 to 273 in Jun 2020 qtr.
Manappuram Finance Ltd.    
26 May 2020
156.10
1.17%
Axis Direct
Manappuram Finance (MGFL) is amongst the leading gold loan NBFCs in India and is well diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of around 4,622 spread across the country.
Manappuram Finance Ltd. has gained 26.14% in the last 1 Year
Manappuram Finance Ltd.    
21 May 2020
156.10
1.17%
Geojit BNP Paribas
Manappuram Finance (MGFL) is one of the leading gold loan NBFCs in India and is well diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of around 4,623 spread across the country. The total Assets Under Management grew by 30% YoY and 4.7% QoQ driven by Gold loans(+31% YoY, +4.5% QoQ), Microfinance(+43% YoY,...
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Manappuram Finance Ltd. is trading above it's 200 day SMA of 151.1
Manappuram Finance Ltd.    
15 May 2020
156.10
1.17%
Prabhudas Lilladhar
Q4FY20 reported sequential earnings dip (Rs3.9bn down 1% QoQ although in-line at Rs4.0bn) led by COVID related Rs 150mn standalone and Rs550mn microfinance provisioning. Buoyed by digital gold (48% of gold AUM as at Q4FY20, 50%+ Apr'20) and 27% YoY non-gold AUM growth, overall AUMs at Rs252bn (in-line) grew healthy 29.8%YoY/4.7%QoQ. Liquidity sufficiency (Standalone cash/undrawn bank lines of Rs23bn, Rs30bn Asirvad) and cost rationalization (opex growth mere 2% QoQ, C/I down to 36% from 48% a year...
Manappuram Finance Ltd.'s price crossed below SMA50 today
Manappuram Finance Ltd.    
15 May 2020
156.10
1.17%
BOB Capital Markets Ltd.
Manappuram Finance's (MGFL) gold AUM surged 31% YoY to Rs 170bn in Q4FY20.
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Manappuram Finance Ltd. is trading above it's 200 day SMA of 151.1
Manappuram Finance Ltd.    
15 May 2020
156.10
1.17%
Nirmal Bang Institutional
Manappuram Finance (MGFL) reported gold loan AUM of Rs169.7bn, up 31% YoY/4.5% QoQ. NII came in 2% below our estimate, growing by 27.7% YoY/-2.1% QoQ. Growth in the gold book was driven by higher gold prices during the quarter even as underlying gold holding (tonnage) declined by 1.5% QoQ. The new customer acquisition rate was impacted due to the lockdown. However, focus on the online gold loan channel yielded positive results and kept the momentum going. As of today, 90% of the branches have become functional but footfalls remain weak due to restrictions on public transport. Operating profit came in 15% above our estimate as the company continued to display better control on the opex front. Security cost for the quarter stood at Rs80mn, down 78% over last two years. Having...
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Promoters pledge reduced to 1.69% of holdings in Jun 2020 qtr.
Manappuram Finance Ltd.    
15 May 2020
156.10
1.17%
Axis Direct
MGFL reported strong set of fourth quarter results with PAT at Rs 398cr, up 59% YoY and NII at Rs 1025 up 40% YoY.
Arihant Capital increased Buy price target of Manappuram Finance Ltd. to 184.0 on 31 Jul, 2020.