Buy Manappuram Finance, price target Rs 182: Gaurav Bissa

Gaurav Bissa of LKP Securities has a buy call on Manappuram Finance Ltd. with a target price of Rs 182.0 . The current price of Manappuram Finance Ltd. is Rs 170.0 . Gaurav Bissa recommended to keep a stoploss at Rs 165 .

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14106.91 Crore) operating in NBFC sector.

Manappuram Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 3370.28 Crore to Sales Value (98.59 % of Total Sales), Fees & Commission Income which contributed Rs 45.86 Crore to Sales Value (1.34 % of Total Sales) and Other Operating Revenue which contributed Rs 2.06 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1399.02 Crore, up 8.72 % from last quarter Sales of Rs 1286.79 Crore and up 29.40 % from last year same quarter Sales of Rs 1081.20 Crore Company has reported net profit after tax of Rs 402.23 Crore in latest quarter.

The company’s top management includes Mr.B N Raveendra Babu, Mr.Gautam Narayan, Mr.Harshan Kollara, Mr.Jagdish Capoor, Mr.P Manomohanan, Mr.V P Nandakumar, Mr.V R Ramachandran, Ms.Sutapa Banerjee. Company has Deloitte Haskins & Sells LLP as its auditors As on 31-12-2019, the company has a total of 844,978,295 shares outstanding.