Manappuram Finance Limited, a gold loan non-banking financial company, provides retail credit products and financial services in India. Manappuram Finance Limited was founded in 1949 and is based in Thrissur, India. Manappuram Finance Limited was formerly incorporated as Manappuram General Finance and Leasing Limited on July 15, 1992. The Company's name was changed to Manappuram Finance Limited on June 27, 2011.
Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC (NBFC-ND). Manappuram Finance is one of the largest NBFCs in India predominantly dealing in gold loans.
The company is the 2nd-largest gold finance NBFC in India, specializing in offering credit against the security of used household gold jewelry. It also provides housing finance, loans against property, commercial vehicle finance, etc. Gold Loans & Others segment constitutes 70% in H1 FY25 vs 77% in FY22.
It offers loans against the security of used household gold jewelry; gold loans and online gold loans; microfinance loans and other financial services to low-income populations in rural and semi-urban areas; loans for construction, extension, purchase, and improvement of homes; life and non-life insurance products; and IT solutions. The company also provides depository services; and fee-based services, which include money transfer, foreign exchange, and depository services. In addition, it offers vehicle and equipment finance, including commercial vehicle, construction equipment, two-wheeler, car, and farm equipment finance.
The Company has a diversified lending portfolio encompassing retail, microfinance, small and medium-sized enterprises (SME), and commercial customers. The company serves retail, microfinance, small and medium enterprises, and commercial customers.
It has grown to serve over 6.59 million customers through an extensive network of 5,357 branches and a workforce of 50,795 employees. It operates branches in 28 states and 4 Union Territories. It has expanded beyond gold loans into microfinance, vehicle finance, housing finance, and SME lending, establishing itself as a diversified financial services provider.
The market capitalization of Manappuram Finance Ltd (MANAPPURAM) is ₹23,264.26 Crore as of July 4, 2025. Manappuram Finance Ltd has a market capitalization of ₹22,829 Crore. Promoter holding in Manappuram Finance Ltd has remained stable at 35.25% as of March 2025 (unchanged from June 2024).
For the full year, net profit declined 44.43% to ₹1,216.15 Crore in the year ended March 2025, as against ₹2,188.67 Crore during the previous year ended March 2024. Sales rose 13.48% to ₹10,040.76 Crore in the year ended March 2025, as against ₹8,848.01 Crore during the previous year ended March 2024.
Net loss of Manappuram Finance reported to ₹191.17 Crore in the quarter ended March 2025, as against net profit of ₹561.53 Crore during the previous quarter ended March 2024. Sales rose 0.50% to ₹2,359.73 Crore in the quarter ended March 2025, as against ₹2,348.10 Crore during the previous quarter ended March 2024.
The company's consolidated net profit attributable to owners rose about 12% to ₹555 Crore ($66 million) for the three months ended June 30 based on Q1 FY25 results. Revenue from Manappuram's gold loan and other businesses rose 23.5% to ₹1,737 Crore, while its microfinance arm posted a near 18% revenue growth to ₹775 Crore. Its assets under management rose 21.2% year-on-year to ₹44,900 Crore.
The 52-week high of Manappuram Finance Ltd (MANAPPURAM) is ₹284.90 and the 52-week low is ₹138.35. The P/E (price-to-earnings) ratio of Manappuram Finance Ltd (MANAPPURAM) is 19.13. The current dividend yield of Manappuram Finance Ltd (MANAPPURAM) is 1.27.
On June 13, 2025, Manappuram Finance shares rose 1.83% to ₹275.45, reaching an all-time high of ₹278.25, driven by gold prices surpassing ₹1,00,000. The stock has gained 40% this year and 51% over the past year.
The Board of Manappuram Finance at its meeting held on March 29, 2025, has approved a fund-raising program of the Company for FY 2025-26, which inter-alia includes issuance of Redeemable Non-Convertible Debentures up to an overall limit of Rs. The Competition Commission of India has approved Bain Capital's acquisition of an 18% stake in Manappuram Finance for ₹4,385 Crore, involving multiple phases and an open offer.
The designation of Nandakumar V.P. will change from Managing Director & CEO to Managing Director, effective July 31, 2025. He will continue in his role as the managing director, and the newly appointed CEO will report directly to him.
ICICI Securities has downgraded Manappuram Finance from Buy to Hold, citing current valuations reflecting potential growth. They estimate a 14% CAGR in gold AUM and a 3.6% decline in MFI AUM, with a consolidated RoE of 16.7% for FY25-27. S&P warns that Manappuram Finance and similar gold-loan specialists will need to revamp risk models and retrain employees to remain competitive.
The company continues to benefit from favorable regulatory changes, with Manappuram Finance shares surged to 52-week highs following RBI's relaxed gold loan norms. However, investors should note that Manappuram Finance has experienced a strong rally over the last six trading sessions, with a daily RSI of 86.05 indicating an overbought condition. While momentum is strong, caution is advised due to elevated RSI levels.
