Manappuram Finance Limited

NSEI:MANAPPURAM Stock Report

Market Cap: ₹131.2b

Manappuram Finance Valuation

Is MANAPPURAM 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 MANAPPURAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MANAPPURAM (₹156.71) is trading below our estimate of fair value (₹194.61)

Significantly Below Fair Value: MANAPPURAM 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 MANAPPURAM?

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

The above table shows the Price to Earnings ratio for MANAPPURAM. This is calculated by dividing MANAPPURAM's market cap by their current earnings.
What is MANAPPURAM's PE Ratio?
PE Ratio5.9x
Earnings₹22.60b
Market Cap₹131.24b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MANAPPURAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.9x
FIVESTAR Five-Star Business Finance
19.7x16.1%₹188.5b
CREDITACC CreditAccess Grameen
11.8x16.9%₹156.4b
531595 Capri Global Capital
53.5x37.5%₹176.0b
SBFC SBFC Finance
30.7x23.1%₹92.7b
MANAPPURAM Manappuram Finance
5.9x11.8%₹131.2b

Price-To-Earnings vs Peers: MANAPPURAM is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (28.9x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
523384 Maha Rashtra Apex
0.7xn/aUS$27.64m
No more companies available in this PE range
MANAPPURAM 5.9xIndustry Avg. 22.8xNo. of Companies11PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MANAPPURAM is good value based on its Price-To-Earnings Ratio (5.9x) compared to the Indian Consumer Finance industry average (22.8x).

Price to Earnings Ratio vs Fair Ratio

What is MANAPPURAM'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.

MANAPPURAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: MANAPPURAM is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).

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 MANAPPURAM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹156.71
₹185.46
+18.3%
20.3%₹260.00₹120.00n/a13
Nov ’25₹159.64
₹204.54
+28.1%
17.7%₹260.00₹150.00n/a13
Oct ’25₹197.47
₹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₹213.68
₹225.00
+5.3%
12.5%₹270.00₹150.00n/a14
Jul ’25₹211.74
₹216.43
+2.2%
10.8%₹245.00₹150.00n/a14
Jun ’25₹168.65
₹213.93
+26.8%
10.0%₹230.00₹150.00n/a14
May ’25₹200.15
₹210.87
+5.4%
14.0%₹240.00₹150.00n/a15
Apr ’25₹181.90
₹209.67
+15.3%
13.8%₹235.00₹150.00n/a15
Mar ’25₹179.95
₹207.67
+15.4%
14.0%₹235.00₹150.00n/a15
Feb ’25₹181.50
₹185.86
+2.4%
16.3%₹225.00₹110.00n/a14
Jan ’25₹171.35
₹181.71
+6.0%
16.0%₹210.00₹110.00n/a14
Dec ’24₹162.70
₹170.13
+4.6%
15.6%₹210.00₹110.00n/a15
Nov ’24₹136.15
₹166.14
+22.0%
13.7%₹200.00₹110.00₹159.6414
Oct ’24₹149.85
₹164.43
+9.7%
13.1%₹200.00₹110.00₹197.4714
Sep ’24₹151.80
₹164.43
+8.3%
13.1%₹200.00₹110.00₹215.9514
Aug ’24₹135.85
₹148.00
+8.9%
15.9%₹193.00₹90.00₹213.6814
Jul ’24₹132.35
₹145.50
+9.9%
14.8%₹180.00₹90.00₹211.7414
Jun ’24₹113.40
₹145.50
+28.3%
14.8%₹180.00₹90.00₹168.6514
May ’24₹129.70
₹149.79
+15.5%
10.0%₹180.00₹110.00₹200.1514
Apr ’24₹123.70
₹151.00
+22.1%
12.3%₹200.00₹110.00₹181.9014
Mar ’24₹105.45
₹149.07
+41.4%
12.6%₹200.00₹110.00₹179.9515
Feb ’24₹113.15
₹145.21
+28.3%
9.3%₹165.00₹110.00₹181.5014
Jan ’24₹116.15
₹144.50
+24.4%
9.3%₹165.00₹110.00₹171.3514
Dec ’23₹116.35
₹144.08
+23.8%
9.6%₹165.00₹110.00₹162.7013
Nov ’23₹105.90
₹134.09
+26.6%
12.2%₹160.00₹100.00₹136.1511

Analyst Forecast: Target price is less than 20% higher than the current share price.

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