Manappuram Finance Limited

BSE:531213 Stock Report

Market Cap: ₹156.1b

Manappuram Finance Valuation

Is 531213 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 531213 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 531213 (₹184.4) is trading below our estimate of fair value (₹188.44)

Significantly Below Fair Value: 531213 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 531213?

Key metric: As 531213 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 531213. This is calculated by dividing 531213's market cap by their current earnings.
What is 531213's PE Ratio?
PE Ratio6.9x
Earnings₹22.60b
Market Cap₹156.08b

Price to Earnings Ratio vs Peers

How does 531213's PE Ratio compare to its peers?

The above table shows the PE ratio for 531213 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.5x
531595 Capri Global Capital
47.4x37.5%₹153.1b
CHOLAHLDNG Cholamandalam Financial Holdings
12.8xn/a₹262.8b
FIVESTAR Five-Star Business Finance
23.8x16.1%₹231.3b
CREDITACC CreditAccess Grameen
10x17.3%₹132.8b
531213 Manappuram Finance
6.9x11.5%₹156.1b

Price-To-Earnings vs Peers: 531213 is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (23.5x).

Price to Earnings Ratio vs Industry

How does 531213's PE Ratio compare vs other companies in the IN Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
523384 Maha Rashtra Apex
0.6xn/aUS$24.97m
No more companies available in this PE range
531213 6.9xIndustry Avg. 22.5xNo. of Companies14PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 531213 is good value based on its Price-To-Earnings Ratio (6.9x) compared to the Indian Consumer Finance industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is 531213's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

531213 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: 531213 is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 531213 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹184.40
₹183.07
-0.7%
20.3%₹260.00₹120.00n/a14
Dec ’25₹156.25
₹185.46
+18.7%
20.3%₹260.00₹120.00n/a13
Nov ’25₹159.70
₹204.54
+28.1%
17.7%₹260.00₹150.00n/a13
Oct ’25₹197.40
₹233.36
+18.2%
13.6%₹270.00₹150.00n/a14
Sep ’25₹215.95
₹231.93
+7.4%
13.3%₹270.00₹150.00n/a14
Aug ’25₹213.60
₹225.00
+5.3%
12.5%₹270.00₹150.00n/a14
Jul ’25₹211.70
₹216.43
+2.2%
10.8%₹245.00₹150.00n/a14
Jun ’25₹168.85
₹213.93
+26.7%
10.0%₹230.00₹150.00n/a14
May ’25₹200.20
₹210.87
+5.3%
14.0%₹240.00₹150.00n/a15
Apr ’25₹181.75
₹209.67
+15.4%
13.8%₹235.00₹150.00n/a15
Mar ’25₹179.90
₹207.67
+15.4%
14.0%₹235.00₹150.00n/a15
Feb ’25₹181.65
₹185.86
+2.3%
16.3%₹225.00₹110.00n/a14
Jan ’25₹171.25
₹181.71
+6.1%
16.0%₹210.00₹110.00n/a14
Dec ’24₹162.75
₹170.13
+4.5%
15.6%₹210.00₹110.00₹156.2515
Nov ’24₹136.10
₹166.14
+22.1%
13.7%₹200.00₹110.00₹159.7014
Oct ’24₹149.85
₹164.43
+9.7%
13.1%₹200.00₹110.00₹197.4014
Sep ’24₹151.75
₹164.43
+8.4%
13.1%₹200.00₹110.00₹215.9514
Aug ’24₹135.85
₹148.00
+8.9%
15.9%₹193.00₹90.00₹213.6014
Jul ’24₹132.35
₹145.50
+9.9%
14.8%₹180.00₹90.00₹211.7014
Jun ’24₹113.00
₹145.50
+28.8%
14.8%₹180.00₹90.00₹168.8514
May ’24₹129.70
₹149.79
+15.5%
10.0%₹180.00₹110.00₹200.2014
Apr ’24₹123.75
₹151.00
+22.0%
12.3%₹200.00₹110.00₹181.7514
Mar ’24₹105.40
₹149.07
+41.4%
12.6%₹200.00₹110.00₹179.9015
Feb ’24₹113.20
₹145.21
+28.3%
9.3%₹165.00₹110.00₹181.6514
Jan ’24₹116.20
₹144.50
+24.4%
9.3%₹165.00₹110.00₹171.2514
Dec ’23₹116.40
₹144.08
+23.8%
9.6%₹165.00₹110.00₹162.7513

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 00:48
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Manappuram Finance Limited is covered by 37 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pankaj AgarwalAmbit Capital
null nullAsian Markets Securities Private Limited
Ganeshram JayaramanAvendus Spark