Stock Name : Manappuram Finance /Tips Open Buy : 154.30 Posted Date : Aug 14, 2020
Stopless/Horizon : 140 Target : 195 Results Achieved (Yes/No) :

Overview: Incorporated in 1992, Manappuram Finance limited is a non-banking financial company (NBFC) situated in Thrissur, Kerala. It is a Mid Cap company with a market capital of Rs 13636.92 Crore.

Brief history: Manappuram Finance limited (formerly known as Manappuram General Finance & Leasing, Ltd.)is mainly into gold loans and in past few years, Manappuram group has ventured into other various other finances such as microfinance, vehicle finance, loans against property and affordable housing finance. The company has also entered the insurance broking business.

It is the second largest listed player in the gold loan segment with anoverall Assets under management (AUM) of Rs 25,225 crore (as on March 31, 2020), in which gold loans accounts for67%, microfinance accounts for 22%, commercial vehicle finance accounts 5%, housing 2% and lending to other NBFCs is 3%.

Manappuram Finance Limited’s liquidity is very strong, as on 12th of June 2020, the company’s balance is Rs 3,817 crore (this includes cash and liquid investments of Rs 1,875 crore and unutilised cash credit/working capital demand loan limit of Rs 1,942 crore).

The company has 4,380 branches across India.

Management: Mr. V.P.Nandakumar is the Managing Director & CEO

Shareholding Pattern(as on 30/06/2020):
• Promoters: 35.04%
• Institutional Investors: 48.22%
• Other Investors: 3.61%
• General Public: 13.13%

Dividend: Manappuram Finance has declared an equity dividend of 82.50% amounting to Rs 1.65 per share (for the year ending March 2020).

Sales Report: For the quarter ended 30-06-2020, Manapuram has reported a Consolidated sale of Rs 1512.53 Crore, which is down -5.78 % from last quarter Sales of Rs 1605.32 Crore and up 28.81 % from last year same quarter Sales of Rs 1174.19 Crore.

Manappuram Finance limited attained almost a 38 %leapon its consolidated net profit of Rs 367.97 crore in the first quarter ended this Junecompared to thesame period of the previous fiscal year in which the company had registered a net profit of Rs 266.78 crore.

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