BSE:531213

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Executive Summary

Manappuram Finance Limited, a non-banking financial company, provides retail credit products and financial services in India.


Snowflake Analysis

Solid track record established dividend payer.


Similar Companies

Share Price & News

How has Manappuram Finance's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 531213's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.2%

531213

-1.4%

IN Consumer Finance

-0.3%

IN Market


1 Year Return

35.3%

531213

-2.6%

IN Consumer Finance

2.0%

IN Market

Return vs Industry: 531213 exceeded the Indian Consumer Finance industry which returned -1.8% over the past year.

Return vs Market: 531213 exceeded the Indian Market which returned 1.6% over the past year.


Shareholder returns

531213IndustryMarket
7 Day-13.2%-1.4%-0.3%
30 Day-1.7%7.0%3.8%
90 Day28.4%36.4%19.7%
1 Year37.3%35.3%0.08%-2.6%3.9%2.0%
3 Year60.7%52.0%35.1%27.0%-0.6%-5.3%
5 Year627.7%528.6%170.9%147.1%27.0%17.4%

Price Volatility Vs. Market

How volatile is Manappuram Finance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Manappuram Finance undervalued compared to its fair value and its price relative to the market?

8.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 531213 (₹158.4) is trading above our estimate of fair value (₹105.72)

Significantly Below Fair Value: 531213 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 531213 is good value based on its PE Ratio (8.5x) compared to the IN Consumer Finance industry average (11.1x).

PE vs Market: 531213 is good value based on its PE Ratio (8.5x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: 531213 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 531213 is overvalued based on its PB Ratio (2.3x) compared to the IN Consumer Finance industry average (0.5x).


Next Steps

Future Growth

How is Manappuram Finance forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 531213's forecast earnings growth (14.5% per year) is above the savings rate (7.2%).

Earnings vs Market: 531213's earnings (14.5% per year) are forecast to grow slower than the Indian market (21.9% per year).

High Growth Earnings: 531213's earnings are forecast to grow, but not significantly.

Revenue vs Market: 531213's revenue (10.5% per year) is forecast to grow faster than the Indian market (9.6% per year).

High Growth Revenue: 531213's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 531213's Return on Equity is forecast to be high in 3 years time (22.9%)


Next Steps

Past Performance

How has Manappuram Finance performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531213 has high quality earnings.

Growing Profit Margin: 531213's current net profit margins (40.6%) are higher than last year (33.2%).


Past Earnings Growth Analysis

Earnings Trend: 531213's earnings have grown significantly by 28.9% per year over the past 5 years.

Accelerating Growth: 531213's earnings growth over the past year (57.8%) exceeds its 5-year average (28.9% per year).

Earnings vs Industry: 531213 earnings growth over the past year (57.8%) exceeded the Consumer Finance industry -2.8%.


Return on Equity

High ROE: Whilst 531213's Return on Equity (27.25%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Manappuram Finance's financial position?


Financial Position Analysis

Short Term Liabilities: 531213's short term assets (₹270.7B) exceed its short term liabilities (₹8.9B).

Long Term Liabilities: 531213's short term assets (₹270.7B) exceed its long term liabilities (₹222.6B).


Debt to Equity History and Analysis

Debt Level: 531213's debt to equity ratio (375.9%) is considered high.

Reducing Debt: 531213's debt to equity ratio has increased from 325.5% to 375.9% over the past 5 years.

Debt Coverage: 531213's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 531213's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Manappuram Finance current dividend yield, its reliability and sustainability?

1.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 531213's dividend (1.39%) is higher than the bottom 25% of dividend payers in the Indian market (0.66%).

High Dividend: 531213's dividend (1.39%) is low compared to the top 25% of dividend payers in the Indian market (2.76%).


Stability and Growth of Payments

Stable Dividend: 531213's dividends per share have been stable in the past 10 years.

Growing Dividend: 531213's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.7%), 531213's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 531213's dividends in 3 years are forecast to be well covered by earnings (19.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Vazhappully Nandakumar (66 yo)

8.25yrs

Tenure

₹123,710,000

Compensation

Mr. Vazhappully Padmanabhan Nandakumar, M.Sc, CAIIB (Part I) has been the Managing Director and Chief Executive Officer of Manappuram Finance Limited since May 19, 2012. Mr. Nandakumar serves as the Chief ...


CEO Compensation Analysis

Compensation vs Market: Vazhappully's total compensation ($USD1.64M) is above average for companies of similar size in the Indian market ($USD643.73K).

Compensation vs Earnings: Vazhappully's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Vazhappully Nandakumar
MD, CEO & Director8.25yrs₹123.71m34.51%
₹ 46.4b
A. Bindu
Chief Financial Officer1.58yrs₹3.13m0.0060%
₹ 8.1m
Vilakkithala Raman Kumar
Company Secretary & Compliance Officer1.58yrs₹3.22mno data
Raju Kalathiparambil
Senior Vice Presidentno datano datano data
K. Kumar
Executive VP & Head of Commercial Vehicle6.17yrsno data0.0041%
₹ 5.6m
Shekhar Ramarajan
Executive Vice President2.67yrsno datano data
Aseem Nath Bhardwaj
Executive Vice President2yrsno datano data
Dhiraj Agrawal
Senior Vice President3.5yrsno datano data
Puneet Kohli
Senior Vice President2.58yrsno datano data
N. Ramanujam
Senior General Manager of Operations6.58yrsno datano data
Salil Bawa
Head of Investor Relations and Treasuryno datano datano data
Dinesh Kallarackal
General Manager of Legal Corporateno datano datano data

2.7yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 531213's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vazhappully Nandakumar
MD, CEO & Director8.25yrs₹123.71m34.51%
₹ 46.4b
Shailesh Mehta
Additional Independent Director0.50yr₹4.82m0.059%
₹ 79.6m
Jagadish Capoor
Independent & Non-Executive Chairman8.25yrs₹5.18m0.00024%
₹ 322.8k
Gautam Narayan
Non-Independent Non-Executive Director2.5yrsno datano data
V. Ramachandran
Independent Non-Executive Director18.33yrs₹3.12m0.14%
₹ 182.2m
B. N. Babu
Non Independent & Non-Executive Director28.08yrs₹17.13m0.19%
₹ 257.4m
P. Manomohanan
Independent & Non-Executive Director17yrs₹4.56m0.11%
₹ 150.2m
Sutapa Banerjee
Independent Non-Executive Director1.33yrs₹480.00kno data
Abhijith Sen
Independent Director1.08yrsno datano data
Harshan Kollara
Additional Director0.58yrno datano data

5.4yrs

Average Tenure

69yo

Average Age

Experienced Board: 531213's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Manappuram Finance Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manappuram Finance Limited
  • Ticker: 531213
  • Exchange: BSE
  • Founded: 1949
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹134.510b
  • Shares outstanding: 845.18m
  • Website: https://www.manappuram.com

Number of Employees


Location

  • Manappuram Finance Limited
  • Manappuram House
  • IV / 470 (old) W638A (New), Valapad PO
  • Thrissur
  • Kerala
  • 680567
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531213BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2002
MANAPPURAMNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2002

Biography

Manappuram Finance Limited, a non-banking financial company, provides retail credit products and financial services in India. The company offers loans against the pledge of household and used gold jewelry, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 12:54
End of Day Share Price2020/08/04 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.