As on 22nd April 2023, The stock of Manappuram Finance gave a 1-year return of +9.54% and a 3-year return of Rs. +15.45%.
The forecasting of stock prices is complex and it involves numerous factors, including economic indicators, market trends, company financials, and many others.
The highest stock price ever of Manappuram Finance was Rs. 218.45 on 12 November 2021 (10-year period from 26 April 2013 - 22 April 2023).
Analysts estimate a 9% and 20% AUM CAGR in Gold and consolidated book respectively over FY23-26. Analysts have modelled a CAGR of ~27% in consolidated PAT over the same period to arrive at a consolidated RoA/RoE if ~5% and 20% respectively in FY26. Thus, analysts have reiterated 'BUY' with a target price of INR 230.
Manappuram Finance has posted a net sales of Rs. 6061.02 crores in March 2023, an increase from Rs. 4179.51 crores in March 2019. Net profit stood at Rs. 948.55 crores in March 2019 and rose to Rs. 1328.7 in March 2022.
A non-banking finance company (NBFC) in India, Manappuram Finance offers a variety of financial services, such as microfinance, gold loans, housing loans, as well as vehicle loans. The company has been in operation since 1949 with a healthy presence in the market of gold loans.
A company’s foundation is evaluated according to numerous factors like fundamental financial strength and its ability to compete in the industry. The overall business model and the role of the management are also important factors in determining the company’s overall strength.
An interim dividend was paid by Manappuram Finance on 15 February 2023. The company has been paying annual interim dividends since 2021. As of now, there is no further dividend payout announcement.
As on 22nd April 2023, the most recent stock news about Manappuram Finance reports on whether the company can sustain itself in light of headwinds. In early April, there was news of a rally in the stock of Manappuram Finance