Buy Manappuram Finance, target price Rs 220: Axis Securities

Axis Securities has buy call on Manappuram Finance Ltd. with a target price of Rs 220.0. The current market price of Manappuram Finance Ltd. is Rs 175.5.

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 15022.52 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-2024.



Financials
For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 2562.63 Crore, down -2.83 % from last quarter Total Income of Rs 2637.14 Crore and up 10.14 % from last year same quarter Total Income of Rs 2326.68 Crore. Company has reported net profit after tax of Rs 278.46 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 35.25 per cent stake in the company as of 31-Dec-2024, while FIIs owned 0 per cent, DIIs 7.87 per cent.