Manappuram Finance Limited (MANAPPURAM) AI Stock Analysis

• Market Cap: ₹246.31B
• Dividend Yield: 1.02%
• Average Volume (3M): 131.07K
• Price to Earnings (P/E): 30.8
• Beta (1Y): 1.23
• Revenue Growth: 4.83%
• EPS Growth: -64.41%
• Country: IN
• Employees: 51,004
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Credit Services
• EPS (TTM): 1.60
• Shares Outstanding: 846,434,750
• 10 Day Avg. Volume: 105,010
• 30 Day Avg. Volume: 131,068
• 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: ₹289.60
• Price Target Upside: -1.11% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 56 Neutral
• Price Target: ₹278.00 ▼(-5.07% Downside)

Manappuram Finance Limited's overall score is driven by strong technical indicators, despite financial performance challenges. The stock's valuation is relatively high, and liquidity concerns persist. Investors should be cautious due to the overbought technical signals and high leverage.

Manappuram Finance Limited Business Overview & Revenue Model

Company Description

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 building, 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. In addition, it offers vehicle and equipment finance, including auto loans, as well as two-wheeler, construction equipment, and farm equipment finance. The company serves retail, microfinance, small and medium enterprises, and commercial customers. As of March 31, 2022, it operated 3,526 branches in 22 states and 6 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 based in Thrissur, India.

How the Company Makes Money

Manappuram generates revenue primarily through the interest income earned on gold loans, which are its main financial product. The company charges interest on the loan amount extended against the value of gold pledged by customers. In addition to gold loans, Manappuram earns income from other segments, including microfinance, where small loans are provided to low-income individuals, and vehicle financing. The company also generates revenue through insurance products and investments in financial instruments. Significant partnerships with banks and financial institutions enhance its lending capabilities and expand its customer reach. Furthermore, the company benefits from a strong brand reputation and an extensive branch network, which contribute to a steady inflow of new customers and repeat business, thus bolstering its overall earnings.

Manappuram Finance Limited Financial Statement Overview

Summary

Manappuram Finance Limited shows strong gross profit margins but faces challenges with declining net profit margins and negative revenue growth. High leverage and declining return on equity suggest potential financial risks. Negative cash flows raise concerns about liquidity and cash management.

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	80.63B	65.00B	54.18B	66.46B	60.49B	63.37B
Gross Profit	60.24B	65.00B	85.78B	44.58B	40.38B	41.18B
EBITDA	11.06B	55.68B	61.39B	22.45B	19.82B	47.36B
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: 292.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

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 292.85 is above the 20-day moving average (MA) of 288.61, above the 50-day MA of 275.80, and above the 200-day MA of 237.27, indicating a bullish trend. The MACD of 3.35 indicates Positive momentum. The RSI at 60.39 is Neutral, neither overbought nor oversold. The STOCH value of 86.19 is Negative, 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	73 Outperform	₹1.31T	21.28	―	0.80%	38.22%	37.80%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MANAPPURAM	56 Neutral	₹246.31B	30.79	―	1.02%	4.83%	-64.41%
IIFL	56 Neutral	₹202.17B	64.07	―	0.75%	2.65%	-81.55%
POONAWALLA	56 Neutral	₹418.59B	170.63	―	0.94%	29.15%	-118.68%
LICHSGFIN	52 Neutral	₹311.64B	5.67	―	1.78%	4.57%	15.87%