MANA

Manappuram FinanceNSEI:MANAPPURAM Stock Report

Market Cap

₹138.6b

7D

-0.8%

1Y

1.6%

Updated

19 Sep, 2021

Data

Company Financials +
MANAPPURAM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends6/6

MANAPPURAM Overview

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

Manappuram Finance Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Manappuram Finance
Historical stock prices
Current Share Price₹163.75
52 Week High₹139.10
52 Week Low₹218.00
Beta1.14
1 Month Change3.44%
3 Month Change1.93%
1 Year Change1.58%
3 Year Change100.43%
5 Year Change67.69%
Change since IPO349.86%

Recent News & Updates

Sep 06
Does Manappuram Finance (NSE:MANAPPURAM) Deserve A Spot On Your Watchlist?

Does Manappuram Finance (NSE:MANAPPURAM) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

MANAPPURAMIN Consumer FinanceIN Market
7D-0.8%-0.05%1.2%
1Y1.6%80.5%59.0%

Return vs Industry: MANAPPURAM underperformed the Indian Consumer Finance industry which returned 80.5% over the past year.

Return vs Market: MANAPPURAM underperformed the Indian Market which returned 59% over the past year.

Price Volatility

Is MANAPPURAM's price volatile compared to industry and market?
MANAPPURAM volatility
MANAPPURAM Beta1.14
Industry Beta1.25
Market Beta1

Stable Share Price: MANAPPURAM is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MANAPPURAM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194930,522B. N. Babuhttps://www.manappuram.com

Manappuram Finance Limited, a gold loan non-banking financial company, provides retail credit products and financial services in India. It offers loans against the security of used household gold jewelry; gold loans and online gold loans; microfinance loans and other financial services to low-income populations in rural and semi-urban areas; loans for construction, extension, purchase, and improvement of homes; life and non-life insurance products; and IT solutions. The company also provides fee-based services, which include money transfer, foreign exchange, and depository services.

Valuation

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

7.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MANAPPURAM (₹163.75) is trading below our estimate of fair value (₹176.12)

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


Price To Earnings Ratio

PE vs Industry: MANAPPURAM is good value based on its PE Ratio (7.7x) compared to the Indian Consumer Finance industry average (18.4x).

PE vs Market: MANAPPURAM is good value based on its PE Ratio (7.7x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: MANAPPURAM is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: MANAPPURAM is overvalued based on its PB Ratio (1.9x) compared to the IN Consumer Finance industry average (0.9x).


Future Growth

How is Manappuram Finance forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

17.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MANAPPURAM's forecast earnings growth (17.2% per year) is above the savings rate (6.8%).

Earnings vs Market: MANAPPURAM's earnings (17.2% per year) are forecast to grow slower than the Indian market (18.4% per year).

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

Revenue vs Market: MANAPPURAM's revenue (14% per year) is forecast to grow faster than the Indian market (12.6% per year).

High Growth Revenue: MANAPPURAM's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MANAPPURAM's Return on Equity is forecast to be high in 3 years time (21.9%)


Past Performance

How has Manappuram Finance performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANAPPURAM has high quality earnings.

Growing Profit Margin: MANAPPURAM's current net profit margins (42.3%) are higher than last year (40.6%).


Past Earnings Growth Analysis

Earnings Trend: MANAPPURAM's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: MANAPPURAM's earnings growth over the past year (14.1%) is below its 5-year average (25.1% per year).

Earnings vs Industry: MANAPPURAM earnings growth over the past year (14.1%) exceeded the Consumer Finance industry 3.3%.


Return on Equity

High ROE: Whilst MANAPPURAM's Return on Equity (24.39%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Manappuram Finance's financial position?


Financial Position Analysis

Short Term Liabilities: MANAPPURAM's short term assets (₹296.0B) exceed its short term liabilities (₹117.6B).

Long Term Liabilities: MANAPPURAM's short term assets (₹296.0B) exceed its long term liabilities (₹122.2B).


Debt to Equity History and Analysis

Debt Level: MANAPPURAM's debt to equity ratio (317.5%) is considered high.

Reducing Debt: MANAPPURAM's debt to equity ratio has reduced from 354.2% to 317.5% over the past 5 years.

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

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


Balance Sheet


Dividend

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

1.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MANAPPURAM's dividend (1.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: MANAPPURAM's dividend (1.83%) is in the top 25% of dividend payers in the Indian market (1.45%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.4%), MANAPPURAM's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MANAPPURAM's dividends in 3 years are forecast to be thoroughly covered by earnings (14.7% payout ratio).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

B. N. Babu (69 yo)

0.17

Tenure

₹8,030,000

Compensation

Mr. B. N. Raveendra Babu, M.Com, I.C.M.A (Inter), has been Non Independent Executive Director at Manappuram Finance Limited since 2020 and served as its Independent and Non-Executive Director since May 31,...


CEO Compensation Analysis

Compensation vs Market: B. N.'s total compensation ($USD108.98K) is below average for companies of similar size in the Indian market ($USD429.55K).

Compensation vs Earnings: B. N.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MANAPPURAM's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: MANAPPURAM's board of directors are considered experienced (3.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MANAPPURAM insiders have only sold shares 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 employee growth, exchange listings and data sources


Key Information

  • Name: Manappuram Finance Limited
  • Ticker: MANAPPURAM
  • Exchange: NSEI
  • Founded: 1949
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹138.597b
  • Shares outstanding: 846.39m
  • Website: https://www.manappuram.com

Number of Employees


Location

  • Manappuram Finance Limited
  • Manappuram House
  • IV / 470 (old) W638A (New), Valapad PO
  • Thrissur
  • Kerala
  • 680 567
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 12:04
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.