Buy Manappuram Finance, target price Rs 180: Motilal Oswal

Motilal Oswal has buy call on Manappuram Finance Ltd. with a target price of Rs 180. The current market price of Manappuram Finance Ltd. is Rs 150.55.

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 11879.71 Crore) operating in NBFC sector.

Manappuram Finance Ltd. key Products/Revenue Segments include Interest, Other Operating Revenue, Income From Financial Services, Dividend, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2174.02 Crore, up 5.68 % from last quarter Total Income of Rs 2057.17 Crore and up 26.83 % from last year same quarter Total Income of Rs 1714.12 Crore. Company reported net profit after tax of Rs 560.65 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 35.2 per cent stake in the company as of 30-Sep-2023, while FIIs owned 27.08 per cent, DIIs 12.25 per cent.