Name: Latest research reports of Manappuram Finance Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Manappuram Finance Ltd.
Rating: 5
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	05 Sep 2025	Manappuram Finance	Consensus Share Price Target	284.10	264.08	-	-7.05	hold	pdf Detailed Estimates
	30 Aug 2023	Manappuram Finance	ICICI Securities Limited Target	284.10	172.00	148.90 (90.80%)	Target met	Buy	pdf post cache	Broker Report Well-entrenched franchise, attractive valuations ICICI Securities Limited Yield stabilisation in gold loans and turnaround in the MFI business are noteworthy developments in Manappuram Finance (Manappuram). Company has guided for 10-12% gold AUM growth with 21-22% yields while its growth guidance for MFI segment is >30% for FY24. pdf Copy Link Share on Share on Share on Share on Alert
	11 Aug 2023	Manappuram Finance	Axis Direct Target	284.10	165.00	147.90 (92.09%)	Target met	Buy	pdf post cache	Broker Report Result Update:Manappuram Fin. Axis Direct We maintain our BUY recommendation on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	18 May 2023	Manappuram Finance	Geojit BNP Paribas Reco Target	284.10	136.00	111.20 (155.49%)	Target met	Buy	pdf post cache	Broker Report MANAPPURAM FINANCE LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	15 May 2023	Manappuram Finance	Axis Direct Target	284.10	150.00	110.15 (157.92%)	Target met	Buy	pdf post cache	Broker Report Result Update:Manappuram Fin. Axis Direct Company Outlook & Guidance: We like Manappuram as the company is focusing on diversification of its AUM mix with robust AUM growth along with improving asset quality. pdf Copy Link Share on Share on Share on Share on Alert
	13 May 2023	Manappuram Finance	Motilal Oswal	284.10	150.00	109.95 (158.39%)	Target met	Buy	pdf post cache	Broker Report Healthy sequential growth in gold loans without the trade-offs Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	07 May 2023	Manappuram Finance	Motilal Oswal	284.10	150.00	105.55 (169.16%)	Target met	Buy	pdf post cache	Broker Report Clarifications appear plausible; stock trades attractive Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	06 Feb 2023	Manappuram Finance	IDBI Capital Target	284.10	148.00	115.60 (145.76%)	Target met	Buy	pdf post cache	Broker Report Manappuram Finance: Q3FY23 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	06 Feb 2023	Manappuram Finance	ICICI Securities Limited	284.10	147.00	116.15 (144.60%)	Target met	Buy	pdf post cache	Broker Report Pivots again shifting away from gold; >15% RoE should be sustainable despite changing mix/yield strategy ICICI Securities Limited Manappuram Finance (Manappuram) reported 4% QoQ decline in its consolidated PAT at Rs3.9bn in Q3FY23 due to lower NIMs and higher opex in standalone gold finance. pdf Copy Link Share on Share on Share on Share on Alert
	06 Feb 2023	Manappuram Finance	Axis Direct Target	284.10	165.00	115.60 (145.76%)	Target met	Buy	pdf post cache	Broker Report Result Update:Manappuram Fin. Axis Direct We maintain our BUY recommendation on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	05 Feb 2023	Manappuram Finance	Motilal Oswal Target	284.10	150.00	116.15 (144.60%)	Target met	Buy	pdf post cache	Broker Report Focused on diversifying the loan mix??? Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
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Manappuram Finance Ltd. share price target

Manappuram Finance Ltd. has an average share price target of 272.60. The consensus estimate represents a downside of -4.05% from the last price of 284.10. View 18 reports from 5 analysts offering long-term price targets for Manappuram Finance Ltd..

Well-entrenched franchise, attractive valuations

Result Update:Manappuram Fin.

MANAPPURAM FINANCE LIMITED

Result Update:Manappuram Fin.

Healthy sequential growth in gold loans without the trade-offs

Clarifications appear plausible; stock trades attractive

Manappuram Finance: Q3FY23 Result Review

Pivots again shifting away from gold; >15% RoE should be sustainable despite changing mix/yield strategy

Result Update:Manappuram Fin.

Focused on diversifying the loan mix???

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