|
04 May 2025 |
Manappuram Finance
|
Consensus Share Price Target
|
231.06 |
226.23 |
- |
-2.09 |
buy
|
|
|
|
|
21 Mar 2025
|
Manappuram Finance
|
ICICI Securities Limited
|
231.06
|
260.00
|
234.16
(-1.32%)
|
12.52 |
Buy
|
|
|
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.
|
|
21 Mar 2025
|
Manappuram Finance
|
IDBI Capital
|
231.06
|
252.00
|
234.16
(-1.32%)
|
9.06 |
Buy
|
|
|
|
|
21 Mar 2025
|
Manappuram Finance
|
Motilal Oswal
|
231.06
|
240.00
|
234.16
(-1.32%)
|
Target met |
Neutral
|
|
|
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).
|
|
05 Mar 2025
|
Manappuram Finance
|
Geojit BNP Paribas
|
231.06
|
222.00
|
203.68
(13.44%)
|
Target met |
Accumulate
|
|
|
|
|
14 Feb 2025
|
Manappuram Finance
|
IDBI Capital
|
231.06
|
200.00
|
178.15
(29.70%)
|
Target met |
Hold
|
|
|
|
|
14 Feb 2025
|
Manappuram Finance
|
Axis Direct
|
231.06
|
220.00
|
178.15
(29.70%)
|
Target met |
Buy
|
|
|
We revise our rating from HOLD to BUY on reasonable valuations and expectations of improved profitable growth over the medium term.
|
|
09 Jan 2025
|
Manappuram Finance
|
Motilal Oswal
|
231.06
|
205.00
|
179.00
(29.08%)
|
Target met |
Neutral
|
|
|
RBI, in its Press Release dated 8th Jan’25, shared that it has lifted the supervisory restrictions on Asirvad Micro Finance, a subsidiary of Manappuram Finance (MGFL), with immediate effect.
|
|
06 Dec 2024
|
Manappuram Finance
|
Geojit BNP Paribas
|
231.06
|
152.00
|
167.85
(37.66%)
|
34.22 |
Sell
|
|
|
|
|
06 Nov 2024
|
Manappuram Finance
|
Motilal Oswal
|
231.06
|
160.00
|
156.98
(47.19%)
|
Target met |
Neutral
|
|
|
Manappuram Finance’s (MGFL) consol. PAT in 2QFY25 grew 2% YoY to INR5.7b (in line). NII grew ~21% YoY to ~INR16.4b and PPoP rose ~19% YoY to ~INR10.3b.
|
|
06 Nov 2024
|
Manappuram Finance
|
Axis Direct
|
231.06
|
170.00
|
156.98
(47.19%)
|
Target met |
Hold
|
|
|
We maintain our HOLD recommendation on the stock.
|
|
06 Nov 2024
|
Manappuram Finance
|
IDBI Capital
|
231.06
|
176.00
|
156.98
(47.19%)
|
Target met |
Hold
|
|
|
|
|
18 Oct 2024
|
Manappuram Finance
|
Motilal Oswal
|
231.06
|
160.00
|
153.27
(50.75%)
|
Target met |
Neutral
|
|
|
The RBI has instructed Asirvad Micro Finance, a subsidiary of Manappuram Finance, to halt the sanctioning and disbursement of loans, effective 21st Oct’24.
|
|
18 Oct 2024
|
Manappuram Finance
|
Axis Direct
|
231.06
|
175.00
|
153.27
(50.75%)
|
Target met |
Hold
|
|
|
we cut our AUM growth estimates to ~15% CAGR over FY24-27E vs ~18% CAGR earlier. We also cut our earnings estimates by 7-9% over FY25-27E. That said, the actual financial impact would be largely dependent on the duration of the restrictions.
|
|
14 Aug 2024
|
Manappuram Finance
|
ICICI Securities Limited
|
231.06
|
260.00
|
201.51
(14.66%)
|
12.52 |
Buy
|
|
|
Manappuram Finance (Manappuram) summarily managed gold loan growth/NIM (~10% Q.Q/14.1%) and non-gold business growth (AUM growth of 3.8% QoQ) well in Q1FY25.
|
|
14 Aug 2024
|
Manappuram Finance
|
Axis Direct
|
231.06
|
250.00
|
201.51
(14.66%)
|
8.20 |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
13 Aug 2024
|
Manappuram Finance
|
Motilal Oswal
|
231.06
|
250.00
|
206.71
(11.78%)
|
8.20 |
Buy
|
|
|
Manappuram Finance (MGFL)’s consol. PAT grew ~12% YoY, but declined ~1% QoQ to ~INR5.6b (in line) in 1QFY25. NII grew ~19% YoY to ~INR15.4b.
|
|
27 May 2024
|
Manappuram Finance
|
Axis Direct
|
231.06
|
220.00
|
175.80
(31.43%)
|
Target met |
Buy
|
|
|
We maintain our BUY recommendation on the stock.
|
|
26 May 2024
|
Manappuram Finance
|
IDBI Capital
|
231.06
|
225.00
|
175.80
(31.43%)
|
Target met |
Buy
|
|
|
|
|
25 May 2024
|
Manappuram Finance
|
Motilal Oswal
|
231.06
|
225.00
|
180.40
(28.08%)
|
Target met |
Buy
|
|
|
Manappuram Finance (MGFL)’s 4QFY24 consol. PAT grew ~36% YoY, but it dipped 2% QoQ to INR5.6b (5% miss). FY24 PAT rose ~44% YoY to INR21.6b.
|
|
01 Mar 2024
|
Manappuram Finance
|
Geojit BNP Paribas
|
231.06
|
215.00
|
179.95
(28.40%)
|
Target met |
Buy
|
|
|
|