Manappuram Finance Ltd

Manappuram Finance Share Price

Manappuram Finance is one of the major players in the Indian financial service industry involved in gold loans, exchange services, and other fund-based and fee-based activities. With a total of over 3985 branches across India, it maintains a market share of about percent in the gold loan industry. The company is well known for its rapid growth and diversification since its inception into pioneering online gold lending in 2015. Facing regulatory and market challenges, including the reduction of loan-to-value ratios included, and fluctuating gold prices, Manappuram converted these challenges into an adaptation within its business model to achieve sustainability of growth. The Manappuram Finance share price has experienced significant fluctuations over the past few months. Investors can track the Manappuram Finance share price NSE for the most accurate and up-to-date information. Analysts closely monitor the Manappuram Finance stock price for potential investment opportunities. Hence, for the latest updates, check the Manappuram Finance share price today on major financial news websites.

History of Manappuram Finance Limited

Manappuram Finance Limited was originally incorporated as a small gold loan company in Kerala State, India, in 1992 and has grown into one of the largest NBFCs in the country. For several years, the company had operated as a pure gold loan company, but lately, in tune with market needs and changes in regulations, its service offering has been expanded. Presently, the company operates as an NBFC-ND, or Systemically Important Non-Deposit Taking NBFC, in recognition of its importance to the overall financial system.

Business Segments of Manappuram Finance

Manappuram Finance operates in various diversified key business segments: 

Gold Loans: This remains the core of Manappuram's business, accounting for as high as 58% of its AUM as of Q3FY23. The company provides secured loans against gold, which has been one of the mainstays of its revenue. Growth in this segment has been uneven on account of market conditions; nonetheless, it is a large chunk of the portfolio.

Microfinance: Asirvad Microfinance was acquired by the company in 2015 and has since become an integral part of its diversification strategy. With an AUM of ₹8,654 crore as of Q3FY23, microfinance is one of the high contributors to the company's revenue. This segment serves the under-served sections of the population by offering micro-loans, thus helping financial inclusions.

Housing Finance: Manappuram's housing finance business is targeted at the middle to low-income self-employed, mainly at affordable housing loans. AUM for housing finance in FY22 reached ₹845 crore, recording a good growth of 23% CAGR. Gross NPA for the same segment stood at 5.40% as of Q3FY23. 

Vehicle Loans: It has been one of the fastest growing segments for the company, recording a 27% CAGR from ₹625 crore in FY17 to ₹1,643 crore in FY22. This segment includes commercial vehicle loans, two-wheeler loans, and passenger vehicle loans. The gross NPA for vehicle loans as of Q3FY23 stood at 3.1%.

Financial Performance of Manappuram Finance

Since the company’s recent financial disclosures, the Manappuram Finance Ltd share price has seen various changes. Manappuram Finance Limited share price reflects the company's current market value and can be influenced by various factors including quarterly results. Here is a quick view of the financial results of Manappuram Finance:  

• The company's consolidated net profit attributable to its owners increased about 12% to ₹555 crore for the three months to June 30. 
• Revenue from the gold loan and other business segments of Manappuram rose 23.5% to ₹1,737 crore, while revenue from its microfinance segment expanded 18% to ₹775 crore. 
• Assets under management at the end rose 21.2% year-on-year to ₹44,900 crore. 
• However, finance costs surged by about 31% and pushed the overall expenses up by almost 28% after India's central bank raised risk weights for bank loans to non-banking financial companies. 
• In addition to that, provisions for bad loans rose 80% for the company to ₹229 crore.

Investors should keep track of the financial results to gauge any fluctuation in the Manappuram Finance share price NSE. Moreover, the Manappuram share price NSE provides a detailed view of the stock's performance on the National Stock Exchange. 

Key Personnel of Manappuram Finance

• Mr. Shailesh J. Mehta is the Chairman, Independent and Non-Executive Director.
• Mr. VP Nandakumar is the Managing Director & CEO.
• Dr. Sumitha Nandan is the Executive Director.
• Mr. Abhijit Sen is the  Independent and Non-Executive Director.
• Mr. Harshan Kollara is the Independent and Non-Executive Director.
• Ms. Pratima Ram is the Independent and Non-Executive Director.
• Adv. Veliath Pappu Seemanthini is the Independent and Non-Executive Director.
• Mr. TC Suseel Kumar is the Independent and Non-Executive Director.
• Dr. Sankaran Nair Rajagopal is the Independent and Non-Executive Director.
• Mr. Edodiyil Kunhiraman Bharat Bhushan is the Independent and Non-Executive Director.