170.65 2.20 (1.31%)

129.83% Gain from 52W Low

2.1M Volume

NSEJan 21, 2021 10:04 AM



Manappuram Finance Ltd.    
11 Jan 2021
170.65
1.31%
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 4,623 spread across the country.
Axis Direct decreased Buy price target of Manappuram Finance Ltd. to 195.0 on 11 Jan, 2021.
Manappuram Finance Ltd.    
02 Dec 2020
170.65
1.31%
Nirmal Bang Institutional
We recently interacted with the management of Manappuram Finance. During 2QFY21, the company reported strong growth in gold AUM, at 30.1% YoY, driven by higher gold prices and Sector: NBFC strong demand. We remain optimistic about the gold loan growth in FY21E while the non-gold CMP: Rs174 segment could pose some challenge to overall/consolidated growth. With a slow pick-up in nongold disbursements due to the management's cautious stance, the share of non-gold business is Target Price: Rs210...
Manappuram Finance Ltd.'s price crossed above SMA50 today
Manappuram Finance Ltd.    
12 Nov 2020
170.65
1.31%
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 Total AUM grew by 18.6% YoY and 6.1% QoQ aided by strong growth of 30.1% YoY and 11.3% QoQ in Gold AUM. Improvement in Gold AUM was due to increased loan ticket size and high contribution from Online Gold Loan....
Promoters unpledged 0.2% of shares in last quarter. Total pledge stands at 0.57% of promoter holdings
Manappuram Finance Ltd.    
09 Nov 2020
170.65
1.31%
Nirmal Bang Institutional
Manappuram Finance's (MGFL) 2QFY21 performance was better than expected. NII grew by 17.4% YoY and 7.4% QoQ, driven by strong growth in AUM (up 18.6% YoY and 6.1% QoQ). Calculated NIM was down 107bps YoY but up 19bps QoQ at 15.6%. Opex run-rate picked up QoQ due to increase in employee expenses. The company continued to make higher provisions for the MFI portfolio, leading to subdued PAT performance (down 6.4% YoY). The management has indicated that provisioning levels in 2HFY21 could remain elevated in the MFI book. Collection efficiency rates have been improving in the various non-gold segments and have reached closer to pre-covid levels. Asset quality in the aggregate non-gold portfolio remains a key monitorable...
Promoters unpledged 0.2% of shares in last quarter. Total pledge stands at 0.57% of promoter holdings
Manappuram Finance Ltd.    
09 Nov 2020
170.65
1.31%
Axis Direct
Balance sheet liquidity remains comfortable with no funding challenges. We believe the gold business will support overall performance even as non-gold growth remains guarded. We remain positive on the stock and maintain BUY with a target price of Rs 207 (2x FY22E ABV).
Manappuram Finance Ltd.'s price crossed above SMA30 today
Manappuram Finance Ltd.    
06 Nov 2020
170.65
1.31%
Prabhudas Lilladhar
HFC (5.7% in Q2FY21 vs 5.1% in Q1FY21 with old book NPA at elevated levels of 16%) and VEF (NPA at 11% stood higher than 10% previous quarter) business. Said that, collection efficiency at 82%/81%/92% for MFI/VEF/HFC is on recovery mode. With lack of clarity on non-gold asset quality looming large we maintain high order NPAs at 1.9% and credit costs at 1.2% fro consolidated book of FY21. We, therefore, maintain our cautious stance and reiterate Accumulate rating on the stock valuing the consolidated business...
Manappuram Finance Ltd. is trading above all available SMAs
Manappuram Finance Ltd.    
06 Nov 2020
170.65
1.31%
buy
Yes Securities
and lowerthanexpected provisions (management's expectation of sustained improvement in collection efficiency in nongold businesses). However, we see the billingcollectiontrends(w/oarrearsandforeclosures)inMFIandCVportfolioasbeing weakerthanpeercompaniesinthesesegments.Thus,weretainourconservativeloan loss outcomes in microfinance (7.5%), vehicle finance (6%) and housing finance (4%) businesses.Notwithstandingthis,weestimateMGFLtodeliver5%RoAinthecurrent yearonthebackofsolidprofitabilityingoldloans.Ascreditcostwouldbemuchlower in nongold segments during FY22, the consol. RoA could climb above 5.5%. RoE...
Manappuram Finance Ltd. is trading above all available SMAs
Manappuram Finance Ltd.    
31 Jul 2020
170.65
1.31%
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...
Manappuram Finance Ltd.'s price crossed above SMA30 today
Manappuram Finance Ltd.    
31 Jul 2020
170.65
1.31%
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.'s price crossed above SMA50 today
Manappuram Finance Ltd.    
30 Jul 2020
170.65
1.31%
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...
Promoters unpledged 0.2% of shares in last quarter. Total pledge stands at 0.57% of promoter holdings