Manappuram Finance Limited

MGFL IB

MGFL IBManappuram Finance Limited

BSE INDIA

185.40

INR

-1.30

(-0.70%)

25.95EPS Dil.

7.14P/E

156.29BMarket Cap

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Next Earnings

February 1

Ex-Dividend Date

November 24

Held by Insiders

46.87%

Held by Institutions

27.20%

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	18.71	13.25	13.04	13.55	17.16	26.92	28.66	33.58	43.68	48.69	47.71	53.6	71.21	71.18
Basic EPS, GAAP	7.06	2.48	2.69	3.23	4.2	8.98	7.97	10.95	17.39	20.39	15.7	17.67	25.96	25.95
Free Cash Flow per Basic Share	-40.76	14.25	34.45	-1.39	-13.34	-16.1	-14.65	-5.59	-44.14	-7.95	-6.92	-38.7	-40.12	- -
Dividend per Share	1.1	1.47	1.35	1.35	2.26	1.5	2	2.59	3.39	1.31	3	3.1	3.49	- -
Book Value per Share	5.31	5.3	4.94	5.39	5.76	11	15.69	20.45	32.2	47.06	56.02	67.17	2.01	2.01
Tangible Book Value per Share	28.12	28.95	29.49	31.04	32.58	39.75	45.36	53.59	68.03	86.15	98.3	113.41	136.47	136.46
Basic Weighted Avg Shares	837	841	841	841	841	842	842	843	844	846	846	846	843	843
Sales/Revenue/Turnover	15,667	11,142	10,965	11,396	14,436	22,653	24,128	28,295	36,871	41,180	40,381	45,367	60,038	60,038
Operating Margin (%)	225.5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	483	617	639	540	558	632	683	752	1,642	1,709	1,980	2,039	2,464	2,465
Net Income, GAAP	5,915	2,084	2,260	2,713	3,534	7,558	6,709	9,224	14,678	17,243	13,284	14,960	21,887	21,887
Effective Tax Rate (%)	32.57	32	34.12	34.37	35.24	34.93	34.28	34.88	26.25	25.52	25.5	26.5	25.75	25.77
Profit Margin (%)	37.75	18.71	20.61	23.81	24.48	33.37	27.81	32.6	39.81	41.87	32.9	32.97	36.45	36.45
Working Capital	7,421	6,661	7,351	6,923	4,653	1,725	2,236	6,574	32,710	24,905	22,946	26,756	- -	- -
LT Debt	10,717	98,425	77,956	86,349	96,418	110,029	125,987	152,992	222,680	233,187	248,202	291,666	343,203	343,203
Total Equity	23,810	24,429	24,917	26,482	27,792	33,856	38,629	45,706	58,044	73,546	83,845	96,652	115,770	115,770
Return on Invested Capital (%)	20.6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Capital (%)	-1.13	-5.97	-4.7	-3.28	-2.52	0.17	- -	0.25	0.49	0.27	-0.6	-0.36	0.15	0.15
Return on Common Equity (%)	223.35	46.75	52.51	62.46	75.36	107.21	59.7	60.58	66.06	51.44	30.45	28.7	74.77	74.77

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	19.6%	16.95%	32.34%
Net Income, GAAP	30.3%	22.51%	46.3%
Free Cash Flow	176.54%	211.61%	3.26%
Total Cash Common Dividend	- -	22.87%	12.35%
Total Equity	16.82%	20.55%	19.78%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

•

in mil. unless spec.

Quarterly Earnings Per Share

•

in mil. unless spec.

Quarterly Dividends Per Share

•

in mil. unless spec.

Company Description

CEO: Mr. Vazhappully Padmanabhan Nandakumar M.Sc, Mr. K. Senthil Kumar
Full Time Employees: 48,369
Sector: Financial Services
Industry: Credit Services
Address: Manappuram House Thrissur India 680 567
Website: www.manappuram.com
Business: 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 construction, extension, purchase, and improvement of homes; life and non-life insurance products; and IT solutions. The company also provides depository services; and fee-based services, which include money transfer, foreign exchange, and depository services. In addition, it offers vehicle and equipment finance, including commercial vehicle, construction equipment, two wheeler, car, and farm equipment finance. The company serves retail, microfinance, small and medium enterprises, and commercial customers. It operates branches in 28 states and 4 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.

	Sep'24	Dec'24	Mar'24
Total Current Assets	48,714	- -	- -
Accounts Receivable, Net	- -	- -	- -
Cash, Cash Equivalents & STI	48,714	- -	31,812
Inventories	- -	- -	- -
Total Current Liabilities	1,207	- -	- -
Payables & Accruals	1,207	- -	1,219
ST Debt	- -	- -	- -
Deferred Revenue	- -	- -	- -

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	18.71	13.25	13.04	13.55	17.16	26.92	28.66	33.58	43.68	48.69	47.71	53.6	71.21	71.18
Basic EPS, GAAP	7.06	2.48	2.69	3.23	4.2	8.98	7.97	10.95	17.39	20.39	15.7	17.67	25.96	25.95
Free Cash Flow per Basic Share	-40.76	14.25	34.45	-1.39	-13.34	-16.1	-14.65	-5.59	-44.14	-7.95	-6.92	-38.7	-40.12	- -
Dividend per Share	1.1	1.47	1.35	1.35	2.26	1.5	2	2.59	3.39	1.31	3	3.1	3.49	- -
Book Value per Share	5.31	5.3	4.94	5.39	5.76	11	15.69	20.45	32.2	47.06	56.02	67.17	2.01	2.01
Tangible Book Value per Share	28.12	28.95	29.49	31.04	32.58	39.75	45.36	53.59	68.03	86.15	98.3	113.41	136.47	136.46
Basic Weighted Avg Shares	837	841	841	841	841	842	842	843	844	846	846	846	843	843
Sales/Revenue/Turnover	15,667	11,142	10,965	11,396	14,436	22,653	24,128	28,295	36,871	41,180	40,381	45,367	60,038	60,038
Operating Margin (%)	225.5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	483	617	639	540	558	632	683	752	1,642	1,709	1,980	2,039	2,464	2,465
Net Income, GAAP	5,915	2,084	2,260	2,713	3,534	7,558	6,709	9,224	14,678	17,243	13,284	14,960	21,887	21,887
Effective Tax Rate (%)	32.57	32	34.12	34.37	35.24	34.93	34.28	34.88	26.25	25.52	25.5	26.5	25.75	25.77
Profit Margin (%)	37.75	18.71	20.61	23.81	24.48	33.37	27.81	32.6	39.81	41.87	32.9	32.97	36.45	36.45
Working Capital	7,421	6,661	7,351	6,923	4,653	1,725	2,236	6,574	32,710	24,905	22,946	26,756	- -	- -
LT Debt	10,717	98,425	77,956	86,349	96,418	110,029	125,987	152,992	222,680	233,187	248,202	291,666	343,203	343,203
Total Equity	23,810	24,429	24,917	26,482	27,792	33,856	38,629	45,706	58,044	73,546	83,845	96,652	115,770	115,770
Return on Invested Capital (%)	20.6	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Capital (%)	-1.13	-5.97	-4.7	-3.28	-2.52	0.17	- -	0.25	0.49	0.27	-0.6	-0.36	0.15	0.15
Return on Common Equity (%)	223.35	46.75	52.51	62.46	75.36	107.21	59.7	60.58	66.06	51.44	30.45	28.7	74.77	74.77

Year	Q1	Q2	Q3	Q4	FY
2022	10,714	10,573	9,680	9,414	40,381
2023	9,926	11,770	11,630	12,042	45,367
2024	13,987	14,741	15,626	15,684	60,038

Year	Q1	Q2	Q3	Q4	FY
2022	5.16	4.37	3.08	3.07	15.7
2023	3.33	4.84	4.65	4.85	17.67
2024	5.88	6.62	6.79	6.66	25.96

	Sep'24	Dec'24	Mar'24
ST Debt	- -	- -	- -
LT Borrowings	- -	- -	- -
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	846	846	843
Market Capitalization	127,346	146,306	147,088