NSE: MANAPPURAM | BSE: 531213

Mid-range Performer

Download real time

266.85 0.85 (0.32%)

92.88% Gain from 52W Low

3.4M NSE+BSE Volume

NSE 18 Aug, 2025 3:01 PM (IST)

22,587.1

Market Cap

High in industry

Beta 1Year

Average 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.

Manappuram Finance Ltd.

19 May 2022

266.85

0.32%

Manappuram Finance - Rough patch

Buy: Manappuram Finance Ltd.

Target

Monarch Networth Capital Limited

Manappuram Finance Ltd.'s price crossed above 50Day SMA today

Manappuram Finance Ltd.

02 Mar 2022

266.85

0.32%

MANAPPURAM FINANCE LIMITED

Buy: Manappuram Finance Ltd.

Target

Geojit BNP Paribas

Even as AUM picked up momentum, Net Interest Income for the quarter showed a decline of 7.2% QoQ and 11.6% YoY owing to lower margins. Interest income declined 2.2% QoQ and 9.2% YoY while interest expense grew 7.9% QoQ while declining 4.7% YoY. Decline in income is attributed to lower yield as company focused on large ticket loans with lower interest rate. During the quarter, the company increased their advertisement spend and employee incentives with a view capture the market. This has resulted in higher operational expenditure during the quarter. As a result, the pre-provision expenditure of the company...

Manappuram Finance Ltd. is trading above all available SMAs

Manappuram Finance Ltd.

15 Feb 2022

266.85

0.32%

Below estimates led by higher opex and lower spreads

Buy: Manappuram Finance Ltd.

Target

Motilal Oswal

In the last two quarters, MGFL traded off margin/spreads for Gold loan growth. This new business strategy helped it cover a lot of lost ground in terms of market share, with a cumulative Gold loan growth of ~24% over 2Q and 3QFY22. This new strategy also meant: a) elevated advertising/promotion costs and incentives for employees translating in higher operating expenses, and b) compression in spreads to ~11.5% v/s 14.5-15% under its earlier high yielding business model. At this juncture, MGFL can neither afford such high operating expenses, nor can it cut yields further to match the...

Manappuram Finance Ltd. is trading above all available SMAs

Manappuram Finance Ltd.

15 Feb 2022

266.85

0.32%

Result Update:Manappuram Fin.

Buy: Manappuram Finance Ltd.

Recommendation Target

Axis Direct

On inexpensive valuations, we maintain our BUY rating with a revised target price of Rs 190/share (1.4x FY24E ABV).

Manappuram Finance Ltd.'s price crossed above 50Day SMA today

Manappuram Finance Ltd.

29 Nov 2021

266.85

0.32%

MANAPPURAM FINANCE LIMITED

Buy: Manappuram Finance Ltd.

Target

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 5.6% YoY and 14.8% QoQ as Gold AUM grew 13.2% YoY while Non-Gold AUM grew 18.2% YoY. The growth in AUM was by compromising yield as MFL focused on...

Number of FII/FPI investors increased from 300 to 325 in Jun 2025 qtr.

Manappuram Finance Ltd.

16 Nov 2021

266.85

0.32%

Result Update:Manappuram Fin.

Hold: Manappuram Finance Ltd.

Recommendation Target

Axis Direct

However, on attractive valuations and improved growth prospects, we revise our rating from HOLD to BUY with a target price of Rs 230 (1.5x FY24E ABV).

Manappuram Finance Ltd.'s price crossed above 50Day SMA today

Manappuram Finance Ltd.

15 Nov 2021

266.85

0.32%

Q2FY22 Result Update - Growth at cost of margins - HOLD

Hold: Manappuram Finance Ltd.

Target

Prabhudas Lilladhar

tonnage grew 11%QoQ and gold loans 13% QoQ after a lull period of over 3 quarters in a row. Co. also saw shifting to 6-month gold loan tenure product from 3-month for better asset quality management. While standalone NPAs...

Manappuram Finance Ltd.'s price crossed above 50Day SMA today

Manappuram Finance Ltd.

15 Nov 2021

266.85

0.32%

Trading off margin and spreads for Gold loan growth

Buy: Manappuram Finance Ltd.

Target

Motilal Oswal

PPOP (7% miss) declined by 8% YoY and 15% QoQ to INR6b. Credit costs remained elevated in the MFI subsidiary due to the impact of the second COVID wave. We expect credit costs to remain elevated in 3Q and moderate from 4QFY22 onwards. While MGFL demonstrated greater sequential Gold loan growth (~13% QoQ) by effectively winning over higher ticket Gold loan customers, this has come at the cost of compression in spreads and large incentives paid to employees. MGFL has embarked on a change in its business model and has...

Manappuram Finance Ltd. is trading above all available SMAs

Manappuram Finance Ltd.

16 Aug 2021

266.85

0.32%

MANAPPURAM FINANCE LIMITED

Buy: Manappuram Finance Ltd.

Target

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 de-grew by 2.3% YoY and 9.1% QoQ as Gold AUM was...

ICICI Securities Limited increased Buy price target of Manappuram Finance Ltd. to 305.0 on 11 Aug, 2025.

Manappuram Finance Ltd.

13 Aug 2021

266.85

0.32%

Manappuram Finance - Navigating through tough times

Buy: Manappuram Finance Ltd.

Target

Monarch Networth Capital Limited

Manappuram Finance (MGFL) results surprised negatively with a sharp decline in gold AUM and higher auctioning. Healthy revenue/earnings growth, traction in its MFI portfolio, improved CE in July, and new clientele addition were key positives. Q2/ H2FY22 will be a quarter of test and define the strength of the business model for the gold financiers. We expect MGFL to navigate well as it has resorted to auctioning (vs. recognizing it as NPA) given its product design. We like MGFL for its diversified balance sheet, healthy revenue/earnings growth, and superior return ratios. Retain BUY with...

Number of FII/FPI investors increased from 300 to 325 in Jun 2025 qtr.

Is Manappuram Finance Ltd. worth buying?

1085 Votes:

Buy 83.04%

Sell 10.23%

Hold 6.73%

RESEARCH REPORTS

Hold SEE REPORTS >

pdf

Hold SEE REPORTS >

pdf