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Buy Manappuram Finance Ltd For Target Rs.172 - ICICI Securities Well-entrenched franchise, attractive valuations Yield stabilisation in gold loans and turnaround in the MFI business are noteworthy developments in Manappuram Finance (Manappuram). Company has guided for 10-12% gold AUM growth with 21-22% yields while its growth guidance for MFI segment is >30% for FY24. However, rising cost of funds in both the businesses and overall elevated competition in gold loans remain headwinds. Strategically, the company is focussing on diversification (aiming...
Buy Manappuram Finance Ltd For Target Rs.172 - ICICI Securities
Buy Manappuram Finance Ltd For Target Rs.172 - ICICI Securities
Source: ICICI Securities
3/09/2023 9:46:48 AM
Buy Manappuram Finance Ltd For Target Rs. 175 - Yes Securities Ltd A wholesome beat on earnings; significant yield increases across businesses Manappuram delivered 9%/18%/10% NII/PPOP/PAT beat versus our expectations on stronger AUM growth (up 4.6% qoq/20.6% yoy), substantial margin improvement despite material increases in CoF and modest sequential growth in opex. The earnings beat came in notwithstanding the incurrence of higher credit cost (annualized 3.9%) in Asirvad MFI to address the slippages and higher writing-offs. Consolidated RoA/RoE stood at 5...
Buy Manappuram Finance Ltd For Target Rs. 175 - Yes Securities Ltd
Buy Manappuram Finance Ltd For Target Rs. 175 - Yes Securities Ltd
Source: Yes Securities Ltd
17/08/2023 12:46:43 PM
Manappuram Finance scores record Q1 net profit of Rs 498 crore, up 77% Y-O-Y Manappuram Finance Ltd reported a consolidated net profit of ?498 crore in its first quarter results for FY24, an increase of 20% over the preceding quarter ending March 2023. In comparison with the corresponding figure of Rs 281.9 crore for Q1FY23, the profit is higher by 76.7%. The NBFC’s consolidated assets under management (AUM) for Q1 stood at an impressive Rs 37,086.3 crore, registering an increase of 20.6% over the corresponding quarter of FY23 and up by 4.6% q-o-q. Net profit in...
Manappuram Finance scores record Q1 net profit of Rs 498 crore, up 77% Y-O-Y
Manappuram Finance scores record Q1 net profit of Rs 498 crore, up 77% Y-O-Y
Source: PR Agency
11/08/2023 12:49:31 PM
Manappuram Finance jumps on planning to raise funds through various options Manappuram Finance is currently trading at Rs. 138.25, up by 3.20 points or 2.37% from its previous closing of Rs. 135.05 on the BSE. The scrip opened at Rs. 136.35 and has touched a high and low of Rs. 140.00 and Rs. 134.95 respectively. So far 402509 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 140.00 on 27-Jul-2023 and a 52 week low of Rs. 90.10 on 27-Jul-2022. Last one week high and low of the scrip stood...
Manappuram Finance jumps on planning to raise funds through various options
Manappuram Finance jumps on planning to raise funds through various options
Source: Accord Fintech
27/07/2023 11:15:21 AM
Stock of the day : Buy Manappuram Finance Ltd For Target Rs.145 - Religare Broking Manappuram Finance Ltd * Manappuram has been trading in a rising channel for the last one year, after the sharp decline from its record high. * It has reclaimed the major averages and currently trading around the previous swing high. * The recent price action combined with uptick in volumes indicates up move to continue. * We thus recommend creating fresh longs in the mentioned zone.   Buy Manappuram Finance Ltd CMP 131.65; Range 130-132; SL 125; Target 145 ...
Stock of the day : Buy Manappuram Finance Ltd For Target Rs.145 - Religare Broking
Stock of the day : Buy Manappuram Finance Ltd For Target Rs.145 - Religare Broking
Source: Religare Broking Ltd
11/07/2023 9:39:43 AM
V P Nandakumar reappointed as Manappuram MD & CEO The board of directors of Manappuram Finance Ltd has reappointed Mr. V P Nandakumar as the Managing Director and Chief Executive Officer with effect from April 01, 2024 upto March 31, 2029. The appointment is based on the recommendations of the Nomination Compensation and Corporate Governance Committee and subject to the approval of shareholders at the 31st Annual General Meeting.   Above views are of the author and not of the website kindly read disclaimer
V P Nandakumar reappointed as Manappuram MD & CEO
V P Nandakumar reappointed as Manappuram MD & CEO
Source: PR Agency
21/06/2023 3:16:07 PM
Manappuram Finance zooms on planning to raise funds through various options Manappuram Finance is currently trading at Rs. 116.55, up by 4.00 points or 3.55% from its previous closing of Rs. 112.55 on the BSE. The scrip opened at Rs. 113.40 and has touched a high and low of Rs. 118.15 and Rs. 113.40 respectively. So far 3484337 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.90 on 19-Apr-2023 and a 52 week low of Rs. 81.50 on 20-Jun-2022. Last one week high and low of the scrip stoo...
Manappuram Finance zooms on planning to raise funds through various options
Manappuram Finance zooms on planning to raise funds through various options
Source: Accord Fintech
9/06/2023 2:00:33 PM
Kerala boat Accident: Manappuram Finance hands over financial aid to the kin Manappuram Finance has distributed financial aid to the families affected by the Tanur boat disaster which claimed the lives of 22 people. KPA Majeed, Tirurangadi MLA, handed over the cheques to the family members at a special meeting organised at SNM Higher Secondary School, Parapanangadi. Dr. Sumita Nandan, Executive Director, Manappuram Finance Limited, presided. A financial assistance of Rs 10 lakh has been distributed among six families who lost their loved ones in the disaster. During t...
Kerala boat Accident: Manappuram Finance hands over financial aid to the kin
Kerala boat Accident: Manappuram Finance hands over financial aid to the kin
Source: PR Agency
5/06/2023 4:13:06 PM
Buy Manappuram Finance Ltd For Target Rs. 150 - Yes Securities Ltd A mixed performance; gold loans yield and customer growth and nongold asset quality key monitorables Manappuram’s performance in Q4 FY23 was a mixed bag wherein the earnings impact of stronger loan growth across products was weakened by a sharp decline in Gold Loans yield. Key positive attributes of the quarter were 1) 2% qoq increase in GL customer base with accelerating new customer acquisition (represents initial signs of competition easing and core segment demand coming back), 2)...
Buy Manappuram Finance Ltd For Target Rs. 150 - Yes Securities Ltd
Buy Manappuram Finance Ltd For Target Rs. 150 - Yes Securities Ltd
Source: Yes Securities Ltd
27/05/2023 10:46:14 AM
Manappuram Posts Rs 1,500 Crore Profit for FY`23, Q4 net profit jumps 59% to Rs 415 Crore Manappuram Finance Limited has reported a consolidated profit after tax (PAT) of Rs 415 crore for the fourth quarter ended March 31, 2023. The performance represents a growth of 59.1 percent in comparison to the PAT of Rs 261 crore reported in the corresponding quarter of the previous year. Profit after tax for the full year stands at Rs 1,500 crore, an increase of 12.9 percent Y-O-Y.   The company’s consolidated Assets under Management (AUM) grew by 17.2 percent to Rs 35,452...
Manappuram Posts Rs 1,500 Crore Profit for FY`23, Q4 net profit jumps 59% to Rs 415 Crore
Manappuram Posts Rs 1,500 Crore Profit for FY`23, Q4 net profit jumps 59% to Rs 415 Crore
Source: PR Agency
13/05/2023 10:15:23 AM
Buy Manappuram Finance Ltd For Target Rs. 150 - Motilal Oswal Financial Services We attended MGFL’s analyst meet hosted by its senior management team, including MD and CEO Mr. VP Nandakumar and Executive Director Dr. Sumitha Jayasankar. Key takeaways from the meet: * The management said that it is making rapid progress in transforming MGFL into a diversified NBFC, with gold loans contributing over 50% of consolidated AUM. It has guided for a 20% CAGR in consolidated AUM and a consolidated RoE of 20% in the medium term. * The company expects to return to gol...
Buy Manappuram Finance Ltd For Target Rs. 150 - Motilal Oswal Financial Services
Buy Manappuram Finance Ltd For Target Rs. 150 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
22/03/2023 1:57:15 PM
Manappuram Finance gains on reporting 51% rise in Q3 consolidated net profit Manappuram Finance is currently trading at Rs. 116.90, up by 1.25 points or 1.08% from its previous closing of Rs. 115.65 on the BSE. The scrip opened at Rs. 115.95 and has touched a high and low of Rs. 118.65 and Rs. 115.00 respectively. So far 319292 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 161.00 on 09-Feb-2022 and a 52 week low of Rs. 81.50 on 20-Jun-2022. Last one week high and low of the scrip stood...
Manappuram Finance gains on reporting 51% rise in Q3 consolidated net profit
Manappuram Finance gains on reporting 51% rise in Q3 consolidated net profit
Source: Accord Fintech
7/02/2023 12:36:14 PM
Buy Manappuram Finance Ltd For Target Rs.140 - Motilal Oswal Financial Services Pivoting towards a more diversified loan mix… …however, outlook on the Gold loan business remains clouded * MGFL reported a strong improvement in standalone margin and spreads. There was a QoQ improvement of ~240bp in Gold loan yields to 22.1% and an expansion of ~230bp in standalone spreads, aided by benign borrowing cost. Consolidated PAT grew 11% YoY and 45% QoQ to ~INR4.1b (17% beat). * NII (6% beat) grew 9% YoY and 13% QoQ to INR10.8b. Operating expenses were eleva...
Buy Manappuram Finance Ltd For Target Rs.140 - Motilal Oswal Financial Services
Buy Manappuram Finance Ltd For Target Rs.140 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/12/2022 11:21:36 AM
Buy Manappuram Finance Ltd For Target Rs.135 - Yes Securities Yields improve at the cost of growth Delivers a positive surprise on earnings, but gold loans portfolio contracts meaningfully * Manappuram positively surprised in Q2 FY23 with 28% beat on earnings which was caused by NII/PPOP coming 9%/15% ahead of expectations and credit cost being much below expectations. * Operationally, key positive highlights were sharp improvement in yield of gold loan and MFI portfolios, stable CoF in both Manappuram and Asirvad, stabilization of PAR 30 and r...
Buy Manappuram Finance Ltd For Target Rs.135 - Yes Securities
Buy Manappuram Finance Ltd For Target Rs.135 - Yes Securities
Source: Yes Securities Ltd
8/12/2022 12:21:25 PM
Manappuram Finance jumps on planning to raise funds through various options   Manappuram Finance is currently trading at Rs. 114.55, up by 1.10 points or 0.97% from its previous closing of Rs. 113.45 on the BSE. The scrip opened at Rs. 113.50 and has touched a high and low of Rs. 115.90 and Rs. 113.50 respectively. So far 201143 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179.45 on 13-Dec-2021 and a 52 week low of Rs. 81.50 on 20-Jun-2022. Last one week high and low of the s...
Manappuram Finance jumps on planning to raise funds through various options
Manappuram Finance jumps on planning to raise funds through various options
Source: Accord Fintech
30/11/2022 3:47:47 PM
Manappuram Finance trades higher on the BSE Manappuram Finance is currently trading at Rs. 119.60, up by 2.95 points or 2.53% from its previous closing of Rs. 116.65 on the BSE. The scrip opened at Rs. 116.95 and has touched a high and low of Rs. 119.70 and Rs. 115.65 respectively. So far 759285 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 210.00 on 15-Nov-2021 and a 52 week low of Rs. 81.50 on 20-Jun-2022. Last one week high and low of the scrip stood...
Manappuram Finance trades higher on the BSE
Manappuram Finance trades higher on the BSE
Source: Accord Fintech
15/11/2022 12:33:26 PM
Buy Manappuram Finance Ltd For Target Rs.280 - ICICI Securities Manappuram Finance (Manappuram) reported 8% QoQ growth in consolidated PAT at Rs2.8bn in Q1FY23 led by yield improvement in gold finance business and Asirvad Microfinance (Asirvad). Key highlights of Q1FY23 result: 1) Signs of yield improvement in gold finance, 2) strong growth in vehicle/home loans/MSME & others segments, 3) all round asset quality improvement except for Asirvad, 4) elevated credit cost leading to loss in Asirvad and 5) subdued/no growth in gold and MFI AUM. Key levers a...
Buy Manappuram Finance Ltd For Target Rs.280 - ICICI Securities
Buy Manappuram Finance Ltd For Target Rs.280 - ICICI Securities
Source: ICICI Securities Ltd
6/10/2022 4:16:15 PM
Buy Manappuram Finance Ltd For Target Rs.135 - Yes Securities Better-than-expected performance Manappuram delivered a 2%/3%/4% NII/PPOP/PAT beat on our estimates, with outperformance driven by both better-than-expected AUM growth and portfolio yield. The company’s performance was characterized by a) 1% qoq growth in standalone GL AUM (seasonally weak quarter + stoppage of low-rate/teaser schemes), b) only 1.5% decline in Asirvad’s MFI AUM, notwithstanding the process changes for aligning with new RBI guidelines, c) continuance of growth m...
Buy Manappuram Finance Ltd For Target Rs.135 - Yes Securities
Buy Manappuram Finance Ltd For Target Rs.135 - Yes Securities
Source: Yes Securities Ltd
18/08/2022 5:30:37 PM
Small Cap : Accumulate Manappuram Finance Ltd For Target Rs. 127 - Geojit Financial Services Attractive valuation despite competition pressure Manappuram Finance (MGFL) is one of the leading gold loan NBFCs in India. MGFL has also diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of around 5,000 spread across the country * Total AUM grew by 24.3% YoY while it showcased only a marginal growth of 1.6% sequentially due to intense competition from Banks and NBFCs. * Gold AUM grew by 1.5% and non gold AUM by 1.9%...
Small Cap : Accumulate Manappuram Finance Ltd For Target Rs. 127 - Geojit Financial Services
Small Cap : Accumulate Manappuram Finance Ltd For Target Rs. 127 - Geojit Financial Services
Source: Geojit Financial Services Ltd
13/08/2022 10:02:46 AM
Add Manappuram Finance Ltd For Target Rs.135 - Yes Securities Challenges continue; uncertainty remains Our view Manappuram’s earnings performance though largely in-line (NII/PPOP beat offset by higher provisions) had some material disappointments viz. 1) contraction in gold loan customers/tonnage/AUM by 1.5-4% qoq despite running teaser/low rate scheme, 2) higher gold auctions (Rs9.2bn v/s Rs7-8bn in Q3) notwithstanding stable gold prices and improved operating environment for customers, 3) significant incremental decline in gold portfolio y...
Add Manappuram Finance Ltd For Target Rs.135 - Yes Securities
Add Manappuram Finance Ltd For Target Rs.135 - Yes Securities
Source: Yes Securities Ltd
19/05/2022 12:26:00 PM
Manappuram Finance Q4 net profit down 42.07% at Rs 265.27 cr The company reported standalone net profit of Rs 265.27 crore for the quarter ended March 31, 2022 as compared to Rs 457.95 crore in the same period last year, registering a year-on-year decline of 42.07 per cent. Net revenue of the company declined moderately by 19.82 per cent at Rs 1,054.73 crore in January-March quarter of this fiscal as against Rs 1,315.46 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 23.54 per cent to Rs 326...
Manappuram Finance Q4 net profit down 42.07% at Rs 265.27 cr
Manappuram Finance Q4 net profit down 42.07% at Rs 265.27 cr
Source: IANS
19/05/2022 11:30:31 AM
Add Manappuram Finance Ltd For Target Rs.185 - Yes Securities Trade-off between growth and PPOP margin remains a key monitorable Our view Manappuram’s Q3 FY22 performance was much weaker than expected with 9%/21%/26% NII/PPOP/PAT miss. Though consolidated AUM growth was only marginally behind expectations, the drag on profitability came from further sharp contraction in portfolio yield/NIM and incremental surge in opex. PPOP margin and RoA fell to historical lows of 6.2% and 3.1% respectively. The revival in gold loan business continued w...
Add Manappuram Finance Ltd For Target Rs.185 - Yes Securities
Add Manappuram Finance Ltd For Target Rs.185 - Yes Securities
Source: Yes Securities Ltd
3/03/2022 10:02:53 AM
Buy Manappuram Finance Ltd For Target Rs.170 - Motilal Oswal Below estimates led by higher opex and lower spreads In the last two quarters, MGFL traded off margin/spreads for Gold loan growth. This new business strategy helped it cover a lot of lost ground in terms of market share, with a cumulative Gold loan growth of ~24% over 2Q and 3QFY22. This new strategy also meant: a) elevated advertising/promotion costs and incentives for employees translating in higher operating expenses, and b) compression in spreads to ~11.5% v/s 14.5-15% under its earli...
Buy Manappuram Finance Ltd For Target Rs.170 - Motilal Oswal
Buy Manappuram Finance Ltd For Target Rs.170 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/02/2022 3:07:02 PM
Buy Manappuram Finance Ltd For Target Rs.280 - ICICI Securities Upping the ante on growth Manappuram Finance (Manappuram) reported 13% QoQ gold AUM growth led by aggressive marketing and pricing strategy in Q2FY22. Two key takeaways include: (1) all round growth in gold as well as other segments and (2) more organic efforts to achieve this growth compared to only broad based macro recovery. In this context, we have seen tactical dip in NIMs and increase in opex under various strategic heads. As such, Manappuram has chosen a strategic objective of growt...
Buy Manappuram Finance Ltd For Target Rs.280 - ICICI Securities
Buy Manappuram Finance Ltd For Target Rs.280 - ICICI Securities
Source: ICICI Securities Ltd
28/12/2021 11:41:38 AM
Buy Manappuram Finance Ltd For Target Rs.230 - Motilal Oswal Trading off margin and spreads for Gold loan growth * MGFL reported a consolidated PAT (11% miss) of INR3.7b, down 9% YoY and 15% QoQ. NII declined by 4% QoQ to INR9.9b (in line), driven by a compression in spreads. * PPOP (7% miss) declined by 8% YoY and 15% QoQ to INR6b. * Credit costs remained elevated in the MFI subsidiary due to the impact of the second COVID wave. We expect credit costs to remain elevated in 3Q and moderate from 4QFY22 onwards. * While MGFL demonstrated grea...
Buy Manappuram Finance Ltd For Target Rs.230 - Motilal Oswal
Buy Manappuram Finance Ltd For Target Rs.230 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/12/2021 12:18:57 PM
Mid Cap : Buy Manappuram Finance Ltd For Target Rs.209 - Geojit Financial Services Yield contraction offsets AUM growth Manappuram Finance (MGFL) is one of the leading gold loan NBFCs in India and is well diversified into other business segments like housing loan, vehicle loan and microfinance, with a branch network size of around 4,623 spread across the country * Total AUM grew by 5.6% YoY and 14.8% QoQ as Gold AUM grew 13.2% YoY while Non-Gold AUM grew 18.2% YoY. * The growth in AUM was by compromising yield as MFL focused on large ticket and longer tenure gold l...
Mid Cap : Buy Manappuram Finance Ltd For Target Rs.209 - Geojit Financial Services
Mid Cap : Buy Manappuram Finance Ltd For Target Rs.209 - Geojit Financial Services
Source: Geojit Financial Services Ltd
29/11/2021 5:31:27 PM
Reduce Vodafone Idea Ltd For Target Rs.9 - Yes Securities Some return of stability for the company Our view Overall, it delivered improved operating performance in terms of 4G addition and ARPU growth. 2G to 4G migration would drive ARPU increase but a generalized tariff hike is required to improve the health of the company.  It needs capital infusion for augmenting the capital expenditure in its network infrastructure. The net debt at Rs 1.94 trn remains high( Net debt/EBITDA(FY21) =11x ). We maintain REDUCE Rating on the stock with...
Reduce Vodafone Idea Ltd For Target Rs.9 - Yes Securities
Reduce Vodafone Idea Ltd For Target Rs.9 - Yes Securities
Source: Yes Securities Ltd
17/11/2021 9:10:13 AM
Add Manappuram Finance Ltd For Target Rs.222 - Yes Securities Trade-off between growth and PPOP margin will be key monitorable Our view MGFL’s Q2 FY22 performance had somewhat unpleasant divergences such as between growth and earnings in gold loans business and between growth and asset quality trends in microfinance segment. Gold AUM grew by significant 13% qoq underpinned by 4% growth in active customer base (added nearly 0.4mn customers v/s 0.2mn in Q1 FY22) and much higher 11% growth in tonnage (accretion in high value/ticket loans), but ...
Add Manappuram Finance Ltd For Target Rs.222 - Yes Securities
Add Manappuram Finance Ltd For Target Rs.222 - Yes Securities
Source: Yes Securities Ltd
16/11/2021 12:52:55 PM
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities Key News After bumper listing, Nykaa reports 96% decline in Q2 net profit Fashion and cosmetics online retailer Nykaa’s net profit fell 96 per cent to Rs 1.1 crore in the September quarter (second quarter, or Q2) on a year-onyear (YoY) basis and 69 per cent, compared with the June quarter. The company, which hit Rs 1 trillion in market capitalisation after listing on the bourses last week, saw its revenue from operations increase 47 per cent to Rs 885 crore on a YoY basis. Nykaa&...
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities
Source: ARETE Securities Ltd
15/11/2021 9:29:42 AM
Stock Idea - Manappuram Finance Limited By Choice Broking The stock slipped more than 30% from the 52 week high of 218 levels in Jul'21 to 154.55 lovels till Aug’? 1, which was the 78.6% Retracement lovels of it prior upward rally. After that, the stock was consolidating between the range of 160 to 1/U levels. Finally, the stock has , made high at 176.70 levels on 24th Sep'21, Thereafter, again the stock has tested the breakout levels and moved higher. On aweekly chart, the stock has formed the Bullish Engulfing pattern in the prior...
Stock Idea - Manappuram Finance Limited By Choice Broking
Stock Idea - Manappuram Finance Limited By Choice Broking
Source: Choice Broking
5/10/2021 4:02:11 PM
Update On Manappuram Finance Ltd, Target Price 240 By Monarch Networth Key Meeting Takeaways Gold loan portfolio: * Unlike Q1FY22 that saw portfolio run-down following auctions and COVID-2 impact, management hinted at pick-up in disbursements in Q2. MGFL hinted at a combination of a) increase in ticket-size (by ~5-10%) b) longer-tenure product (6- months/1-year) in certain cases, c) focus on higher ticket-sized loans as initiatives aimed at growth acceleration. * Competition in gold-financing has intensified with fintechs getting aggressive. Management,...
Update On Manappuram Finance Ltd, Target Price 240 By Monarch Networth
Update On Manappuram Finance Ltd, Target Price 240 By Monarch Networth
Source: Monarch Networth Capital Ltd
27/09/2021 11:38:12 AM
Buy Manappuram Finance Ltd For Target Rs.220 - Motilal Oswal Gold AUM and holdings moderate further; auctions remain elevated * Manappuram Finance (MGFL) reported consolidated PAT at INR4.4b (up ~19% YoY / down 7% QoQ; 8% miss) in 1QFY22. The company missed our expectations due to a 5% miss on NII (down 2% QoQ) at INR10.3b and elevated provisions at INR1.2b (11% above estimate). PPoP at INR7.1b (5% miss) was down 3% QoQ and up 11% YoY.   * The gold loan book declined 13% QoQ to INR165b and gold holdings 11% QoQ to 58.1t. Over the last two...
Buy Manappuram Finance Ltd For Target Rs.220 - Motilal Oswal
Buy Manappuram Finance Ltd For Target Rs.220 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
21/09/2021 10:26:03 AM
Buy Manappuram Finance Ltd For Target Rs.240 - Monarch Networth Capital Navigating through tough times Manappuram Finance (MGFL) results surprised negatively with a sharp decline in gold AUM and higher auctioning. Healthy revenue/earnings growth, traction in its MFI portfolio, improved CE in July, and new clientele addition were key positives. Q2/ H2FY22 will be a quarter of test and define the strength of the business model for the gold financiers. We expect MGFL to navigate well as it has resorted to auctioning (vs. recognizing it as NPA) given its product d...
Buy Manappuram Finance Ltd For Target Rs.240 - Monarch Networth Capital
Buy Manappuram Finance Ltd For Target Rs.240 - Monarch Networth Capital
Source: Monarch Networth Capital Ltd
13/08/2021 2:37:55 PM
Add Manappuram Finance Ltd For Target Rs.200 - Yes Securities Our view ‐ Large gold stock decline comes as a negative surprise    Operating in the higher range of regulatory prescribed LTV and lower interest collection during the loan tenor lead to higher auctioning during the quarter (mainly in April) in response to significant gold price decline during Feb‐March period. With auctions at Rs15bn/4.5 tones, company’s gold loan portfolio/tonnage declined by substantial 13%/11% qoq. Besides clean‐up of high LTV portfoli...
Add Manappuram Finance Ltd For Target Rs.200 - Yes Securities
Add Manappuram Finance Ltd For Target Rs.200 - Yes Securities
Source: Yes Securities Ltd
12/08/2021 11:45:29 AM
Buy Manappuram Finance Limited Target Rs. 212 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Manappuram Finance Limited Target Rs. 212 - Religare Broking
Buy Manappuram Finance Limited Target Rs. 212 - Religare Broking
Source: Religare Broking Ltd
26/07/2021 11:41:08 AM
Buy Manappuram Finance Ltd For Target Rs.205 - Motilal Oswal Gold loan book moderates; MFI performance healthy * Consolidated PAT grew 18% YoY to INR4.7b (5% miss) in 4QFY21. While operating profit was largely in line, higher provisions (from the MFI segment) led to the PAT miss. * Compared to our expectation of 3% QoQ decline, the gold loan book declined 6% QoQ. All the other segments delivered sequential loan book growth – the most prominent being the MFI segment with 11% growth.   Lower prices and tonnage lead to a lower Gold...
Buy Manappuram Finance Ltd For Target Rs.205 - Motilal Oswal
Buy Manappuram Finance Ltd For Target Rs.205 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/06/2021 10:53:09 AM
Buy Manappuram Finance Ltd For Target Rs.255 - Monarch Networth We retain BUY on Manappuram Finance (MGFL) with SOTP based target price (TP) of Rs255. Superior risk management and credit underwriting have enabled MGFL avert severe shocks, as also seen in the FY21 results. This should also help overcome nearterm challenges posed by the second wave of COVID (in addition to the healthy provisioning buffer and respectable CE trends) and emerge stronger as normalcy is restored. MGFL offers a blend of a diversified balance sheet, healthy revenue/earnings growth...
Buy Manappuram Finance Ltd For Target Rs.255 - Monarch Networth
Buy Manappuram Finance Ltd For Target Rs.255 - Monarch Networth
Source: Monarch Networth Capital Ltd
29/05/2021 9:57:57 AM
Buy Manappuram Finance Ltd For Target Rs.230 - Yes Securities Highlights – Performance largely in‐line; PPoP beat offset by credit cost * Key elements of the quarter were, 5.6% qoq decline in gold AUM (spot prices lower 12%).   * Higher auctions and loan withdrawals (tonnage drop of 4.3% qoq).   * Return of growth in non‐gold lending segments (MFI/VF/HF grew by 11%/7%/5% qoq). * Decline in borrowing cost (lower 20 bps qoq).   * Sticky asset quality issues (PAR 30/60 at 10%/6%) in MFI segment requiring a...
Buy Manappuram Finance Ltd For Target Rs.230 - Yes Securities
Buy Manappuram Finance Ltd For Target Rs.230 - Yes Securities
Source: Yes Securities Ltd
27/05/2021 9:12:30 AM
Manappuram Finance surges on planning to raise funds through borrowings Manappuram Finance is currently trading at Rs. 152.35, up by 3.95 points or 2.66% from its previous closing of Rs. 148.40 on the BSE. The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 152.90 and Rs. 148.90 respectively. So far 62919 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.30 on 28-Jul-2020 and a 52 week low of Rs. 90.35 on 01-Apr-2020. Last one week high and low of the scrip stood ...
Manappuram Finance surges on planning to raise funds through borrowings
Manappuram Finance surges on planning to raise funds through borrowings
Source: Accord Fintech
26/03/2021 11:16:05 AM
Manappuram Finance gains on planning to raise funds for FY 2021-22 Manappuram Finance is currently trading at Rs. 162.50, up by 0.70 points or 0.43% from its previous closing of Rs. 161.80 on the BSE. The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 164.70 and Rs. 161.10 respectively. So far 264688 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.30 on 28-Jul-2020 and a 52 week low of Rs. 75.60 on 19-Mar-2020. Last one week high and low of the scrip stood...
Manappuram Finance gains on planning to raise funds for FY 2021-22
Manappuram Finance gains on planning to raise funds for FY 2021-22
Source: Accord Fintech
10/03/2021 5:13:30 PM
Manappuram Fin board to consider issuing debt securities Manappuram Finance Ltd. on Tuesday said that its Board of Directors will meet on March 19 to consider business plan and borrowing programme, including raising of funds through issuance of non-convertible debt securities. "The Board of Directors of the Company will be meeting on Friday, March 19, 2021 to consider business plan and borrowing program including raising of funds through issuance of non-convertible debt securities either through a public issue or on private placement basis ...
Manappuram Fin board to consider issuing debt securities
Manappuram Fin board to consider issuing debt securities
Source: IANS
9/03/2021 11:33:43 AM
Stock Picks - Larsen & Toubro and Manappuram Finance By ICICI Direct Larsen & Toubro Buy Larsen & Toubro Ltd @ 1516.00-1520.00 CMP 1517.90 TGT 1544.00 SL 1504.20   Manappuram Finance Sell Manappuram Finance Ltd @ 165.50-166.50 CMP 164.65 TGT 164.20 SL 167.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above views are of the author and not of the website kindly read di...
Stock Picks - Larsen & Toubro and Manappuram Finance By ICICI Direct
Stock Picks - Larsen & Toubro and Manappuram Finance By ICICI Direct
Source: ICICI Direct
9/03/2021 11:08:18 AM
Buy Manappuram Finance Ltd For Target Rs. 182 - Religare Broking Religare Super Idea**   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Manappuram Finance Ltd For Target Rs. 182 - Religare Broking
Buy Manappuram Finance Ltd For Target Rs. 182 - Religare Broking
Source: Religare Broking Ltd
9/02/2021 10:03:16 AM
Buy Manappuram Finance Ltd For Target Rs.230 - Yes Securities Better than expected operating show; incremental provisions may be required in non‐Gold businesses ‐ Retain BUY with 12m PT of Rs230 Manappuram delivered large earnings beat in Q3 FY21 on the back of strong operating performance and lower than expected provisioning. Overall AUM growth was marginally better‐than‐expectation at 3% qoq, supported by 2% growth in Gold Loans (though tonnage declined by 1% qoq) and 8% growth in MFI portfolio (disbursements at Rs13bn). The 20bps declin...
Buy Manappuram Finance Ltd For Target Rs.230 - Yes Securities
Buy Manappuram Finance Ltd For Target Rs.230 - Yes Securities
Source: Yes Securities Ltd
2/02/2021 10:27:56 AM
Manappuram Finance Q3 FY21 First Cut - `Better than expected` by Yes Securities Below are Views On Manappuram Finance Q3 FY21 First Cut - ‘Better than expected’ by Yes Securities * A large 26% earnings beat – reported PAT at Rs4.83bn v/s estimated at Rs3.83bn * NII came in 8% higher than forecasted on both higher interest income (suggesting better AUM growth) and lower interest outgo (reflecting the cost of funds reduction)   * A tight leash on opex continues - was flat qoq and lower 5% yoy * Surprisingly, the c...
Manappuram Finance Q3 FY21 First Cut - `Better than expected` by Yes Securities
Manappuram Finance Q3 FY21 First Cut - `Better than expected` by Yes Securities
Source: Yes Securities Ltd
29/01/2021 4:32:09 PM
Buy Manappuram Finance Ltd For Target Rs. 6.50 - Religare Broking Derivative Ideas MANAPPURAM FUT added around 11% in open interest addition as SHORT buildup was seen in it in till closing time. Current chart pattern also indicates further up move in its price. We suggest buying MANAPPURAM 160 PE as per below levels. Strategy:- BUY MANAPPURAM 160 PE BETWEEN 4-4.10 SL 3 TARGET 6.50.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration...
Buy Manappuram Finance Ltd For Target Rs. 6.50 - Religare Broking
Buy Manappuram Finance Ltd For Target Rs. 6.50 - Religare Broking
Source: Religare Broking Ltd
19/01/2021 9:48:51 AM