Manappuram Finance Stock Price Target: 2023, 2024, 2025 to 2030: Can MANAPPURAM reach 1000INR?

Manappuram  Finance Ltd. is an Indian NBFC (Non-Banking Financial Company) headquartered in Thrissur, Kerala. It was founded in 1949, by the late Shri V.C. Padmanabhan. The company is engaged in providing financial services to the under-served and unbanked sections of society, including gold loans, housing loans, microfinance, vehicle loans, and enterprise loans. It also specializes in providing services such as money transfers and foreign exchange. The company has more than 3,500 branches across India and also has a presence in the GCC countries.

Manappuram Stock History

Manappuram  Finance has been listed on the National Stock Exchange of India since 1996. The stock price has been volatile over the years but has been on an uptrend since April 2020. In April 2020, the stock price was around Rs. 67 and has since grown to Rs. 140 as of August 26, 2023.

Today, as of August 27th, 2023, Manappuram Finance is trading at Rs.140 per share. The company’s market capitalization is around Rs. 11,800 crore.

Manappuram Finance Ltd in recent news

• Quinag divests its entire shareholding in Manappuram Finance, offloading stakes worth Rs 1,177 crore.
• In conjunction with a money laundering inquiry, the Enforcement Directorate searched a number of locations connected to Kerala’s Manappuram financing, a non-banking financing firm, on Wednesday.
• Manappuram Finance enters the digital lending market and releases the Ma-Money app. Making the lending procedure easier, faster, and more convenient is the goal of the Ma-Money app.
• Manappuram shares tank more than 12% within a day due to the raid.

Manappuram Finance Q1 FY ’24 Highlights

• A net profit was reported at Rs 498 crore, marking a 77% YoY surge.
• Gold loan assets under management (AUM) remain stable at Rs 20,603 crore.
• The standalone AUM reached Rs 25,768 crore, reflecting a 12.6% YoY growth.
• The consolidated AUM for Q1 stands at Rs 37,086 crore, indicating a 20.6% growth from the same quarter last year.

Manappuram Finance Business Breakdown

• Asirvad, their Micro Finance arm, reported an AUM of Rs 10,141 crore, a notable 44.6% YoY increase.
• The vehicle finance sector witnessed a 59.8% YoY growth.
• Home loans experienced a 37.5% YoY growth.
• The company’s objective is to balance its portfolio evenly between gold and non-gold segments.

Manappuram Finance Business Future Projection

• Annual growth for Asirvad Micro Finance is projected at 30-35%.
• Manappuram is considering various capital raising strategies, including a potential IPO for Asirvad Micro Finance.
• Manappuram remains optimistic about retaining its profitability.
• The anticipated growth in net interest income is projected to align with the expansion of the loan book.

On the Regulatory Front:

• In response to a show cause notice from the RBI, the company addressed the issue of pending option surplus.
• The ongoing ED investigation is moving forward, with the firm anticipating its resolution and dismissal in the foreseeable future.

How to buy Manappuram Finance Ltd in India?

Manappuram Finance Ltd Share Price Prediction 2023-2030

At the time of updating the article, the share price of Manappuram Finance Ltd was around Rs 123.40. It has a market cap of Rs 10,495 Crore with a ROCE of 11.9%. Given below is the year wise prediction for the company.

Manappuram Finance Ltd Share Price Target 2023

As of 27th August, 2023, Mannapuram Finance is trading at Rs. 140, down 10% since August, 17, 2023. The recent drop is because of the Quinag’s block deal where they sold their entire holding for Rs. 1150+ Crore. However, the stock price is up 17.47% YTD, and is in the uptrend.

Mannapuram Finance is expected to remain on a uptrend in the remaining months of the year. Though the raid by ED has affected the share price in the past, and also investors’ decision to invest in the company, but is expected to close 2023 strongly.

Mannapuram Finance has a strong presence in the gold loan sector and is expected to benefit from the growth in the sector. Also, the company has planned to expand its presence in the microfinance and housing loan sectors. The new Ma-Money app is expected to help the company achieve its goals.

We expect the share price of Manappuram Finance Ltd to increase in the coming years and will rise to ₹177.38 by the end of 2023.

Minimum Manappapuram Finance share price in 2023 is ₹102 (February, 2023)

Manappuram Finance Ltd Share Price Target 2024

With the rise of Gold price in 2024, the company is expected to benefit from the growth in the gold loan sector, as well as the microfinance and housing loan sectors. The company is also expected to benefit from the growth of the Indian economy.

Therefore, it is expected that the share price of Manappuram Finance Ltd will increase to Rs. 220.33 by 2024. Compared to Manappapuram’s March 2023 share price, we may see a growth in almost 100% by 2024 end.

Manappuram  Finance Ltd Share Price Target 2025

By the end of 2025, the share price of Manappuram Finances Ltd is expected to reach Rs 267.27. Minimum price target is ₹155.09.

Manappuram  Finance Ltd Share Price Target 2026-2030

Manappuram Finances will fall drastically after reaching a decent price of 267 INR in 2025. This drop will take this as low as Rs. 111 in 2027. After 2027, the stock price will again jump and reach Rs 587.99 in 2029 and finally end the decade with a price up to Rs 654.80.

Manappuram  Finance Financial Condition: Last 5 years

Here is the profit and loss table for the last five years (2019 to 2023):

In the last five years, Manappuram Finance has shown consistent growth and financial performance. The company’s revenue increased from Rs. 4,180 crores in March 2019 to Rs. 6,684 crores in March 2023. Despite the rising interest expenses and operating expenses, Manappuram Finance managed to maintain a strong financing profit, with a margin ranging from 32% to 39%. The company’s focus on diversifying its income streams is evident through the steady growth of other income, reaching Rs. 66 crores in March 2023.

Although depreciation costs have slightly risen, Manappuram Finance reported a healthy net profit of Rs. 1,500 crores in March 2023, resulting in an EPS of Rs. 17.67. With a conservative dividend payout ratio, the company has consistently rewarded its shareholders while ensuring sustainable growth and maintaining a stable financial position.

Important Financials of the company to look at before investing in Manappuram  Finance

Before investing in a company an investor must look at some key financials responsible for the growth of the company such as Price-to-Earning ratio, Price-to-Book ratio,52-week high and low, and Earning per Share.

The P/E ratio currently is 6.91 whereas P/B ratio as of August, 27, 2023 is 1.22.  52 week high and low stand at Rs.155 and Rs.90.50 respectively and EPS (TTM) is 20.19.

The stock displayed a one-year beta of 1.39, suggesting a high level of volatility.

Manappuram Finance announced an interim dividend of 80 paise per equity share with a face value of Rs 2. The company fixed August 23, 2023, as the record date to determine dividend entitlements. The dividends or dividend warrants will be paid or dispatched by September 8, 2023.

FAQs

Will Manappuram  Finance stock price grow in 2023?

The Manappuram Finance stock is anticipated to stay on an uptrend in the upcoming years. The company has a solid presence in the gold loan sector and is expected to gain from the rise in the sector. Also, the company has plotted to broaden its presence in the microfinance and housing loan sectors. Thus, it is expected that the share price of Manappuram Finance Ltd will go up in the upcoming years.

What is the Market Cap of Manappuram Finance?

The market capitalization of Manappuram Finance Ltd is Rs 11,816 crore as of August 27th, 2023. The company has a presence in multiple financial services sectors and is expected to benefit from the growth in these sectors. The company is also expected to benefit from the growth of the Indian economy.

What is the share price target of Manappuram Finance for 2025?

The gold loan sector, microfinance sector and housing loan sectors are expected to be in favour of Manappuram Finance Ltd and will help the share price to grow by the end of 2025. Also, the growing Indian economy would be much beneficial. Hence, the share price will rise by 2025. Manappuram Finance’s maximum and minimum Share price target for 2025 is Rs.267.27 and Rs.155.09 respectively.

Can Manappuram Finance reach 1000 INR?

The stock is likely to keep going up in the upcoming years. The company has a solid presence in the gold loan sector and is predicted to take advantage of the growth in the sector. Also, the company has plotted to widen its presence in the microfinance and housing loan sectors. Therefore, it‘s possible that the share price of Manappuram Finance Ltd could reach Rs. 1000 in the future but not any time this decade.

What is the Mannapuram finance share price target 2030?

Maximum and minimum Mannapuram finance share price target 2030 is ₹654.80 and ₹458.36 respectively.

Can MANAPPURAM share price reach 1000INR?

For Mannapuram finance share price to reach 1000INR, the share price needs to grow by more than 714% from its current price.  According to our price prediction, Manappuram share price may reach 1000INR by 2040.

Also read:

• Lux Industries Share Price Target
• Dr Lal Path Lab Share Price Target
• CBI Share Price Target for 2025

Manappuram Finance Shareholding Patterns

Shareholding pattern for Manappuram Finance can be summarized as follows:

• Promoters: Approximately 35% ownership, showing stability over time.
• FIIs: Ownership fluctuated from around 38% to 30%, indicating active buying and selling. It started at 38.45% in June 2020, reached a peak of 39.53% in December 2020, and then declined to 30.17% in March 2023.
• DIIs: Ownership varied between approximately 9% to 15%, with a slight increase in the latest quarter. It started at 9.77% in June 2020, reached a peak of 15.80% in March 2022, and then slightly declined to 13.54% in March 2023. The holdings dropped to 10.65% as of June, 2023. This indicates that DIIs have been moderately invested in the company but their holdings have experienced some fluctuations.
• Public: Ownership ranged from around 16% to 24%, showing some fluctuations but remaining significant and stable.

Manappuram Finance Share Price target by Experts

Manappuram Finance share price target by Nuvama Wealth

Nuvama Wealth gave a buy rating to Manappuram with a price target of Rs 135.5

Manappuram Finance price target by Motilal Oswal 

Motilal Oswal suggested to buy Manappuram shares with a price projection of Rs 150

Manappuram Finance share target by Prabhudas Lilladher 

Prabhudas Lilladher recommends to buy Manappuram stocks with a price target of Rs 144

Manappuram Finance share target by Ajit Mishra 

Ajit Mishra suggests to buy Manappuram shares with a price projection of Rs 138

Conclusion: Should You Invest in Manappuram  Finance in 2023?

Manappuram Finance Ltd is an Indian NBFC that provides financial services to the under-served and unbanked sections of society. The company has been listed on the National Stock Exchange of India since 1996 and has paid regular dividends in the past.

The market capitalization of the company is Rs 11,816 crore as of August 27, 2023. It is expected that the share price of Manappuram Finance Ltd will increase in the coming years due to the growth in the gold loan sector, as well as the microfinance and housing loan sectors.

Manappuram Finance showcased robust financial performance in Q1 FY ’24 with significant YoY growth across multiple segments, including a promising outlook for its Asirvad Micro Finance subsidiary.

As per our price prediction analysis, it is possible that the share price of Manappuram Finance Ltd may reach Rs. 1000 in the future, around 2040.

Disclosure: I have personally added Manappuram Finance in my portfolio and is looking forward to hold it for a very long term.

Author: Aryan Hello, I am Aryan. I am passionate about writing about topics ranging from cryptocurrency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me.

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