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Manappuram Finance Share Price Live

MANAPPURAM

Small Cap | Finance

188.68

-0.32 (-0.17%)

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About Manappuram Finance

Manappuram Finance is a Non-Banking Finance Company (NBFC) which provides a wide range of fund-based and fee-based services, including gold loans, money exchange facilities, etc. The company was founded by Mr. V.C. Padmanabhan in 1949. Initially, the firm was engaged in pawnbroking and money lending on a modest scale. In 1986, the company’s founder, Mr. V.C. Padmanabhan, passed away and Shri. V.P. Nandakumar took over the business.  The company was listed on BSE and NSE in 1995 after an IPO to the public. In 1999, the company diversified its business into two-wheeler finance, consumer durables, etc. The company appointed Mr. Ashvin Chadda as an Additional Director in 2008. In 2011, the company changed its name to Manappuram Finance Ltd from Manappuram General Finance and Leasing Ltd. In 2014, Manappuram Finance finished the acquisition of Milestone Home Finance. The company continued its inorganic growth by finishing the acquisition of 99.81% of Equity Shares of Manappuram Comptech & Consultants Ltd in 2019. As of March 2023, the company had a Pan-India presence with a wide network of 5,000+ branches across all Indian states and union territories. The company had served 5.88 Mn total customers, out of which 2.40 Mn were gold loan customers.

Business Segments

  • Microfinancing (MFI) Loans: The company provides MFI loans to customers, such as the Income Generating Program (IGP) Loan, Product Loans, MSME Loans and Gold Loans. As of March 2023, MFI AUM  stood at ₹92,972.1 million.
  • MSME Loan: The company commenced MSME business in July 2019. The business caters to the “Missing Middle” segment, largely comprising small businesses like Kirana Shops, Small Manufacturing units, Agri and Allied trading, etc.
  • Gold Loan: It launched the Gold Loan business in 2021 with a key objective to help customers with ongoing business capital for income generation activity.
  • Vehicle & Equipment Finance: The company provides vehicle financing solutions to retail customers. The vehicle finance portfolio is about ₹24,551.40 million spread across 281 locations in 23 states as of March 2023. 
Subsidiaries:
  • Manappuram Home Finance Limited: It is a wholly-owned subsidiary of the company, which was incorporated in 2010. The company provides home finance solutions to its customers.
  • Manappuram Insurance Brokers Limited: This is a wholly subsidiary which acts as a licensed Insurance Broker with IRDAI.
  • Asirvad Microfinance Limited: The company possesses a 97.60% stake in the company. It provides microfinancing services to its customers.

Key Personnel

Mr. V.P. Nandakumar, Managing Director & CEO Mr. V.P. Nandakumar is the Managing Director & CEO of the company.  In 1986, Mr Nandakumar assumed control of this single-branch company following the passing of his father. It has grown at an extraordinary rate since then, and his leadership was crucial in crafting the tale of success.

Corporate Action

Bonus Issue
  • The company announced a bonus issue in the ratio of 1:1 with a record date of June 09, 2011. 
  • In 2010, Manappuram announced a bonus issue of shares in the ratio of 1:1 on a record date of May 03, 2010.

Parent Organisation
Indian Private
Managing Director
Shailesh J Mehta
Founded
1992
NSE Symbol
MANAPPURAM

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Community Discussion

B
Bansi
19th Mar, 2024
Manappuram Finance Ltd. (MGFL) is a prominent non-banking financial company (NBFC) in India, particularly known for its gold loan services. However, it has also diversified into other areas such as housing loans, vehicle loans, and microfinance. The company has a wide branch network with around 5,000 branches across the country.In terms of assets under management (AUM), there has been a significant growth of 27% year-on-year, reaching Rs. 40,385 crore. This growth is attributed to both the gold loan segment, with an AUM of Rs. 20,758 crore (12% YoY increase), and the non-gold segment, which reached Rs. 19,627 crore (48% YoY increase).In the third quarter of FY24, the company reported a consolidated net profit of Rs. 575 crore, showing a remarkable growth of 46% year-on-year, mainly due to the profitability in the gold loan business. Net interest income (NII) for the quarter also saw significant growth of 33% year-on-year, supported by a 50 basis points improvement in gold yield, resulting in higher yields from the gold book.However, there have been challenges such as increased risk weights on bank lending to NBFCs, leading to a rise in borrowing costs. Despite this, the Net Interest Margin (NIM) improved by 37 basis points to 16.7%. Looking ahead, in anticipation of the short-term impact of rising borrowing and credit costs, it is expected that the company will address these challenges by expanding its AUM mix, particularly in the non-gold segment, and enhancing asset quality. Hence, a target price of Rs. 215 has been set, based on a 1.12 times adjusted Book Value per Share (BVPS) estimate for FY26.
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Manappuram Finance Ltd FAQs

Manappuram Finance Ltd (MANAPPURAM) share price as of October 10, 2024, on NSE is Rs 188.68 (NSE) and Rs 188.68 (BSE) on BSE.
Yes, You can buy Manappuram Finance Ltd (MANAPPURAM) shares by opening a Demat account with Angel One.
Manappuram Finance Ltd (MANAPPURAM) share can be bought through the following modes:
1. Direct investment: You can buy Manappuram Finance Ltd (MANAPPURAM) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Manappuram Finance Ltd (MANAPPURAM) shares.
The main business of Manappuram Finance is to provide various financial products and services, such as gold loans, SME finance, forex transfer, personal loans, vehicle loans, two-wheeler finance, micro-home finance, doorstep gold loan, and other loans. It is a systematically important non deposit taking NBFC.
Some of the main promoters of Manappuram Finance are V P Nandakumar, Sushama Nandakumar, Sooraj Nandan, Jyothy Prasannan, Suhas Nandan, Sumitha Nandan Jayasankar, and Shelly Ekalavian.
Some of the subsidiaries that come under Manappuram Finance are Manappuram Home Finance Limited, Asirvad Microfinance Limited, Manappuram Insurance Brokers Limited, and Manappuram Comptech and Consultants Limited.
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