NSE: MANAPPURAM | BSE: 531213

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266.75 1.40 (0.53%)

92.81% Gain from 52W Low

1.7M NSE+BSE Volume

NSE 22 Aug, 2025 3:31 PM (IST)

22,578.6

Market Cap

High in industry

1.0

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.

11 Jan 2021

266.75

0.53%

Pick of the Week:11 JAN 2021

Buy: Manappuram Finance Ltd.

Target

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.

Manappuram Finance Ltd. has gained 32.50% in the last 6 Months

Manappuram Finance Ltd.

12 Nov 2020

266.75

0.53%

MANAPPURAM FINANCE LIMITED

Buy: Manappuram Finance Ltd.

Recommendation 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 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....

Manappuram Finance Ltd. is trading below its 50 day SMA of 266.8

Manappuram Finance Ltd.

09 Nov 2020

266.75

0.53%

Result Update:Manappuram Fin.

Buy: Manappuram Finance Ltd.

Target

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

Manappuram Finance Ltd.

08 Nov 2020

266.75

0.53%

Manappuram Finance: Q2FY21 Result Review

Buy: Manappuram Finance Ltd.

Target

IDBI Capital

Manappuram Finance reported strong sequential growth of 11% in gold loan portfolio (73% of AUM) due to increase in ticket size. Within Non-Gold, Asirvad MFI and vehicle finance segment reported decline of 1%/16% QoQ respectively which resulted in lower AUM growth of 19% YoY vs 25.6% (Q1FY21). NII grew by 17% YoY led by decline in NIMs due to higher liquidity; PPoP grew by 13% YoY led by decline in other income. PAT de-grew by 3% YoY led by higher provisions (up 270% YoY). MFI reported second consecutive quarter of loss of Rs.24mn (Rs.50mn H1FY21). We revised the estimates of gold AUM growth at 15% vs 10% earlier for FY21E. We introduce FY23 estimates in this report. We roll-over to FY23E...

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

Manappuram Finance Ltd.

06 Nov 2020

266.75

0.53%

Q2FY21 Result Update - Non-gold asset quality illusory - Accumulate

Accumulate: Manappuram Finance Ltd.

Target

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 below its 50 day SMA of 266.8

Manappuram Finance Ltd.

06 Nov 2020

266.75

0.53%

Manappuram Fin

Buy: Manappuram Finance Ltd.

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 its 200 day SMA of 218.7

Manappuram Finance Ltd.

31 Jul 2020

266.75

0.53%

MANAPPURAM FINANCE LIMITED

Accumulate: Manappuram Finance Ltd.

Recommendation Target

Geojit BNP Paribas

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

Manappuram Finance Ltd.

31 Jul 2020

266.75

0.53%

Manappuram Fin

Buy: Manappuram Finance Ltd.

Target

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. is trading below its 50 day SMA of 266.8

Manappuram Finance Ltd.

29 Jul 2020

266.75

0.53%

Manappuram Fin

Buy: Manappuram Finance Ltd.

Target

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...

Manappuram Finance Ltd. is trading below its 50 day SMA of 266.8

Manappuram Finance Ltd.

29 Jul 2020

266.75

0.53%

Q1FY21 Result Update - Gold glitters; non-gold withers - Accumulate

Accumulate: Manappuram Finance Ltd.

Target

Prabhudas Lilladhar

COVID uncertainty looming large, provisioning buffers are expected to rise supported by liquidity buffers on BS (Rs60bn). Against this backdrop, we prune down growth and tweak provisioning estimates higher. EPS estimates, therefore, stand trimmed by only 4% for FY21 as operating leverage plays out but FY22-23 estimates stand down by 7-12%. We, therefore, reiterate Accumulate rating, and rollover our target multiple to 2.1x as per Sep'22 PBV...

Manappuram Finance Ltd. has gained 32.50% in the last 6 Months

Is Manappuram Finance Ltd. worth buying?

1085 Votes:

Buy 83.04%

Sell 10.23%

Hold 6.73%

RESEARCH REPORTS

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