Manappuram Finance
Market Cap
₹113.7b
Last Updated
2020/06/04 13:25 UTC
Data Sources
Company Financials +
Executive Summary
Manappuram Finance Limited, a non-banking financial company, provides retail credit products and financial services in India.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with proven track record.
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: MANAPPURAM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.9%
MANAPPURAM
16.6%
IN Consumer Finance
7.4%
IN Market
1 Year Return
-2.4%
MANAPPURAM
-32.3%
IN Consumer Finance
-17.6%
IN Market
Return vs Industry: MANAPPURAM exceeded the Indian Consumer Finance industry which returned -32.3% over the past year.
Return vs Market: MANAPPURAM exceeded the Indian Market which returned -17.6% over the past year.
Shareholder returns
| MANAPPURAM | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.9% | 16.6% | 7.4% |
| 30 Day | 12.2% | 6.5% | 6.7% |
| 90 Day | -11.0% | -39.7% | -11.1% |
| 1 Year | -0.9%-2.4% | -31.8%-32.3% | -16.0%-17.6% |
| 3 Year | 50.5%42.3% | 16.0%13.3% | -5.4%-10.4% |
| 5 Year | 474.6%396.3% | 121.9%112.1% | 19.3%8.0% |
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
2 months ago | Simply Wall St
How Does Manappuram Finance's (NSE:MANAPPURAM) P/E Compare To Its Industry, After The Share Price Drop?3 months ago | Simply Wall St
Do Directors Own Manappuram Finance Limited (NSE:MANAPPURAM) Shares?3 months ago | Simply Wall St
Should You Worry About Manappuram Finance Limited's (NSE:MANAPPURAM) CEO Salary Level?Valuation
Is Manappuram Finance undervalued compared to its fair value and its price relative to the market?
7.67x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MANAPPURAM (₹134.5) is trading above our estimate of fair value (₹100.58)
Significantly Below Fair Value: MANAPPURAM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MANAPPURAM is good value based on its PE Ratio (7.7x) compared to the Consumer Finance industry average (9.7x).
PE vs Market: MANAPPURAM is good value based on its PE Ratio (7.7x) compared to the Indian market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: MANAPPURAM is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: MANAPPURAM is overvalued based on its PB Ratio (2x) 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?
7.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MANAPPURAM's forecast earnings growth (7.5% per year) is above the savings rate (7.2%).
Earnings vs Market: MANAPPURAM's earnings (7.5% per year) are forecast to grow slower than the Indian market (18% per year).
High Growth Earnings: MANAPPURAM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MANAPPURAM's revenue (7.1% per year) is forecast to grow faster than the Indian market (7.1% per year).
High Growth Revenue: MANAPPURAM's revenue (7.1% 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 (21.5%)
Next Steps
Past Performance
How has Manappuram Finance performed over the past 5 years?
28.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MANAPPURAM has a high level of non-cash earnings.
Growing Profit Margin: MANAPPURAM's current net profit margins (39.6%) are higher than last year (32.4%).
Past Earnings Growth Analysis
Earnings Trend: MANAPPURAM's earnings have grown significantly by 28.7% per year over the past 5 years.
Accelerating Growth: MANAPPURAM's earnings growth over the past year (59%) exceeds its 5-year average (28.7% per year).
Earnings vs Industry: MANAPPURAM earnings growth over the past year (59%) exceeded the Consumer Finance industry 11.1%.
Return on Equity
High ROE: Whilst MANAPPURAM's Return on Equity (25.5%) 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: MANAPPURAM's short term assets (₹270.7B) exceed its short term liabilities (₹8.9B).
Long Term Liabilities: MANAPPURAM's short term assets (₹270.7B) exceed its long term liabilities (₹222.6B).
Debt to Equity History and Analysis
Debt Level: MANAPPURAM's debt to equity ratio (375.9%) is considered high.
Reducing Debt: MANAPPURAM's debt to equity ratio has increased from 325.3% to 375.9% 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
Next Steps
Dividend
What is Manappuram Finance's current dividend yield, its reliability and sustainability?
1.64%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MANAPPURAM's dividend (1.64%) is higher than the bottom 25% of dividend payers in the Indian market (0.82%).
High Dividend: MANAPPURAM's dividend (1.64%) is low compared to the top 25% of dividend payers in the Indian market (3.37%).
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 (12.5%), 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 well covered by earnings (18.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Vazhappully Nandakumar (65yo)
8.08yrs
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 ($USD1.64M) is above average for companies of similar size in the Indian market ($USD671.16K).
Compensation vs Earnings: Vazhappully's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 8.08yrs | ₹123.71m | 34.51% ₹39.2b | |
| Chief Financial Officer | 1.42yrs | ₹3.13m | 0.0060% ₹6.9m | |
| Company Secretary & Compliance Officer | 1.42yrs | ₹3.22m | no data | |
| Senior Vice President | no data | no data | no data | |
| Executive VP & Head of Commercial Vehicle | 6yrs | no data | 0.0041% ₹4.7m | |
| Executive Vice President | 2.5yrs | no data | no data | |
| Executive Vice President | 1.83yrs | no data | no data | |
| Senior Vice President | 3.33yrs | no data | no data | |
| Senior Vice President | 2.42yrs | no data | no data | |
| Senior General Manager of Operations | 6.42yrs | no data | no data |
2.5yrs
Average Tenure
47yo
Average Age
Experienced Management: MANAPPURAM's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 8.08yrs | ₹123.71m | 34.51% ₹39.2b | |
| Additional Independent Director | 0.33yr | ₹4.82m | 0.059% ₹67.3m | |
| Independent & Non-Executive Chairman | 8.08yrs | ₹5.18m | 0.00024% ₹272.8k | |
| Non-Independent Non-Executive Director | 2.33yrs | no data | no data | |
| Independent Non-Executive Director | 18.17yrs | ₹3.12m | 0.14% ₹154.0m | |
| Non Executive Non-Independent Director | 27.92yrs | ₹17.13m | 0.19% ₹217.5m | |
| Independent & Non-Executive Director | 16.83yrs | ₹4.56m | 0.11% ₹126.9m | |
| Independent Non-Executive Director | 1.17yrs | ₹480.00k | no data | |
| Independent Director | 0.92yr | no data | no data | |
| Additional Director | 0.42yr | no data | no data |
5.2yrs
Average Tenure
68yo
Average Age
Experienced Board: MANAPPURAM's board of directors are considered experienced (5.2 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: MANAPPURAM
- Exchange: NSEI
- Founded: 1949
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: ₹113.676b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 531213 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 2002 |
| MANAPPURAM | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 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, as well as short-term personal and business gold loans; SME and micro, and equipment finance; foreign exchange and money transfer services; commercial vehicle loans; home loans; loans against properties; and insurance brokerage services. As of March 31, 2019, it operated 4,351 branches in 24 states and 4 union territories. The company was formerly known as Manappuram General Finance and Leasing Limited and changed its name to Manappuram Finance Limited in 2011. Manappuram Finance Limited was founded in 1949 and is headquartered in Thrissur, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 13:25 |
| End of Day Share Price | 2020/06/04 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.