Manappuram Finance Limited (MANAPPURAM) AI Stock Analysis

• Market Cap: ₹236.58B
• Dividend Yield: 0.87%
• Average Volume (3M): 124.77K
• Price to Earnings (P/E): 52.7
• Beta (1Y): 1.08
• Revenue Growth: -3.68%
• EPS Growth: -80.12%
• Country: IN
• Employees: 51,004
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 3.48
• Shares Outstanding: 846,434,750
• 10 Day Avg. Volume: 165,223
• 30 Day Avg. Volume: 124,768
• PEG Ratio: -0.37
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 3.05
• P/FCF Ratio: -29.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹310.00
• Price Target Upside: 7.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: ₹268.00 ▼(-6.85% Downside)

Manappuram Finance Limited faces significant challenges with its financial performance, particularly in terms of cash flow and profitability. The technical analysis suggests bearish momentum, and the valuation indicates potential overvaluation. These factors combined result in a below-average stock score, highlighting the need for strategic improvements to enhance financial stability and investor confidence.

Positive Factors

Strong Gross Profit Margins

High gross profit margins indicate effective cost management, which can support profitability and competitive pricing strategies over the long term.

Diverse Revenue Streams

Diverse revenue streams reduce dependency on a single product line, enhancing resilience against market fluctuations and supporting stable growth.

Strong Brand and Network

A strong brand and extensive network facilitate customer acquisition and retention, providing a competitive edge and supporting long-term growth.

Negative Factors

High Leverage

High leverage can increase financial risk, potentially impacting the company's ability to invest in growth opportunities and weather economic downturns.

Declining Net Profit Margins

Declining net profit margins suggest reduced profitability, which may hinder the company's ability to reinvest in its business and sustain long-term growth.

Negative Cash Flow

Negative cash flow can strain liquidity, limiting the company's ability to meet obligations and invest in strategic initiatives, affecting long-term stability.

Manappuram Finance Limited Business Overview & Revenue Model

Company Description

Manappuram Finance Limited (MANAPPURAM) is a leading non-banking financial company (NBFC) based in India, primarily engaged in the business of gold loans. Established in 1992, the company has expanded its operations to include a diverse portfolio of financial services such as vehicle loans, microfinance, insurance, and money transfer services. MANAPPURAM operates a vast network of branches across India, catering to a wide range of customers with varying financial needs.

How the Company Makes Money

Manappuram Finance generates revenue primarily through the interest earned on gold loans, which are secured against gold ornaments and coins. The company offers short-term loans to customers, allowing them to leverage their gold assets for liquidity. Key revenue streams include interest income from gold loans, fees from processing loans, and revenue from ancillary services such as insurance products and money transfer services. The company benefits from a strong customer base and a significant market presence, allowing it to achieve economies of scale. Additionally, partnerships with insurance providers and technology platforms enhance its service offerings, further contributing to its earnings. The company also engages in strategic initiatives to expand its reach and diversify its financial products, thus bolstering its overall revenue growth.

Manappuram Finance Limited Financial Statement Overview

Summary

Manappuram Finance Limited demonstrates strong gross profit margins but faces challenges with declining net profit margins and negative revenue growth. The high leverage and declining return on equity suggest potential financial risks. The negative cash flows raise concerns about liquidity and cash management. Overall, the company needs to address profitability and cash flow issues to improve its financial health.

Income Statement

Manappuram Finance Limited shows a strong gross profit margin consistently above 90%, indicating effective cost management. However, the net profit margin has decreased significantly in the latest year, reflecting reduced profitability. The revenue growth rate has also turned negative, suggesting challenges in maintaining sales momentum.

Balance Sheet

The company's debt-to-equity ratio is high, indicating significant leverage, which could pose financial risks. Return on equity has decreased, suggesting reduced efficiency in generating profits from shareholders' equity. The equity ratio remains stable, reflecting a balanced asset structure.

Cash Flow

The cash flow situation is concerning, with negative operating and free cash flows indicating potential liquidity issues. The free cash flow to net income ratio is positive, but the overall cash flow growth is negative, highlighting challenges in cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	96.42B	98.93B	88.04B	66.46B	60.49B	63.37B
Gross Profit	60.94B	63.52B	59.38B	44.58B	40.38B	41.18B
EBITDA	12.92B	19.33B	32.06B	22.45B	19.82B	24.87B
Net Income	8.00B	12.16B	21.89B	14.96B	13.28B	17.24B
Balance Sheet
Total Assets	0.00	492.05B	467.48B	395.04B	338.11B	313.38B
Cash, Cash Equivalents and Short-Term Investments	0.00	35.74B	28.30B	30.35B	25.85B	27.70B
Total Debt	0.00	360.79B	343.20B	291.67B	248.20B	233.19B
Total Liabilities	-124.49B	367.56B	351.71B	298.39B	254.26B	239.83B
Stockholders Equity	124.49B	124.32B	115.48B	96.45B	83.68B	73.07B
Cash Flow
Free Cash Flow	0.00	-6.62B	-35.19B	-32.76B	-5.86B	-6.73B
Operating Cash Flow	0.00	-4.67B	-33.83B	-31.03B	-4.23B	-6.19B
Investing Cash Flow	0.00	-1.25B	-5.93B	-6.16B	-1.93B	-1.86B
Financing Cash Flow	0.00	11.32B	40.25B	38.49B	4.38B	585.15M

Manappuram Finance Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 287.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANAPPURAM, the sentiment is Positive. The current price of 287.7 is above the 20-day moving average (MA) of 279.92, above the 50-day MA of 280.26, and above the 200-day MA of 256.78, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 58.92 is Neutral, neither overbought nor oversold. The STOCH value of 68.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANAPPURAM.

Manappuram Finance Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MUTHOOTFIN	74 Outperform	₹1.28T	20.81	―	0.70%	41.32%	56.12%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IIFL	66 Neutral	₹229.09B	26.68	―	―	8.01%	-20.87%
POONAWALLA	56 Neutral	₹384.16B	168.68	―	―	34.63%	-48.50%
LICHSGFIN	55 Neutral	₹315.65B	5.72	―	1.88%	4.79%	13.08%
MANAPPURAM	49 Neutral	₹236.58B	52.67	―	0.87%	-3.68%	-80.12%

Manappuram Finance Limited Corporate Events

Manappuram Finance Releases Q2 FY 2025-26 Results Conference Call Recording

Manappuram Finance Limited announced the availability of the audio recording for their Q2 FY 2025-26 results conference call, which took place on October 30, 2025. This move allows stakeholders and interested parties to access detailed insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market perception.

Manappuram Finance Releases Half-Yearly Debt Securities Statement

Manappuram Finance Limited has released its half-yearly statement of debt securities for the period ending September 30, 2025. The statement, submitted in compliance with SEBI regulations, details various debt securities issued by the company, including their issuance and maturity dates, coupon rates, and outstanding amounts. This disclosure reflects the company’s ongoing efforts to maintain transparency with its stakeholders and ensure compliance with regulatory requirements, potentially impacting its financial operations and market positioning.