Buy Manappuram Finance, target price Rs 205: Axis Securities

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14143.92 Crore) operating in NBFC sector.

By ETMarkets.com | Updated: Dec 21, 2023, 10.38 AM IST

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.

Axis Securities has buy call on Manappuram Finance with a target price of Rs 205. The current market price of Manappuram Finance Ltd. is Rs 165.55.

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14143.92 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.

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