Risk factor
Good trading liquidity
Profitability factor
Somewhat favourable analyst view
About
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.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. In particular, the stock is overpriced on P/E, undervalued on P/RI
Target Price
The average target price of MANAPPURAM.NS is 295 and suggests 7% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation