| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 6/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | ₹163.75 |
| 52 Week High | ₹139.10 |
| 52 Week Low | ₹218.00 |
| Beta | 1.14 |
| 1 Month Change | 3.44% |
| 3 Month Change | 1.93% |
| 1 Year Change | 1.58% |
| 3 Year Change | 100.43% |
| 5 Year Change | 67.69% |
| Change since IPO | 349.86% |
Recent News & Updates
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
| MANAPPURAM | IN Consumer Finance | IN Market | |
|---|---|---|---|
| 7D | -0.8% | -0.05% | 1.2% |
| 1Y | 1.6% | 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
| MANAPPURAM volatility | |
|---|---|
| MANAPPURAM Beta | 1.14 |
| Industry Beta | 1.25 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1949 | 30,522 | B. N. Babu | https://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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/19 12:04 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/03/31 |
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.