Buy Manappuram Finance, target price Rs 225: Motilal Oswal

Motilal Oswal Financial Services has buy call on Manappuram Finance with a target price of Rs 225. The current market price of Manappuram Finance is Rs 177.85.

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 15269.68 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 31-03-2024, the company reported a Consolidated Total Income of Rs 2362.22 Crore, up 1.53 % from last quarter Total Income of Rs 2326.68 Crore and up 31.34 % from last year same quarter Total Income of Rs 1798.59 Crore. Company reported net profit after tax of Rs 563.49 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 35.2 per cent stake in the company as of 31-Mar-2024, while FIIs owned 31.99 per cent, DIIs 9.5 per cent.