Manappuram Finance Stock Price - ₹341.00 | Financial Services

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Company insights, generated from the most recent coverage.

Manappuram aggressively cut portfolio yields by 250 bps to 20.7% to align with top NBFCs, targeting 18% yields over 4-6 quarters to prioritize market share gains.
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Mid-cap status (₹31,656 Cr market cap) limits institutional investor access vs Muthoot's ₹1.16 lakh crore large-cap premium. Lower brand recognition and performance volatility create additional valuation headwinds despite faster growth.
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ROE declined from 27.7% (FY21) to 14.3% due to diversification drag: microfinance (Asirvad) Stage 3 at 4.8%, lower NIM (~2.5%), and conservative CAR at 31% diluting returns. Gold loans only 82% of consolidated AUM vs Muthoot's 92%.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

Manappuram Finance drives strong asset growth and profitability, though capital buffers tighten and select segments face stress.

Gold Loan AUM grows from ₹24,658 Cr in Q4 FY25 to ₹54,655 Cr in Q1 FY27, driving overall portfolio expansion.

Capital Adequacy Ratio declines from 30.9% in Q4 FY25 to 21.3% in Q1 FY27, signaling capital consumption from rapid growth.

Consolidated PAT rises from ₹376 Cr in Q4 FY26 to ₹585 Cr in Q1 FY27, reflecting strong earnings recovery.

MSME GNPA rises from 5.0% in Q2 FY26 to 5.9% in Q1 FY27, indicating deteriorating asset quality in the segment.

Microfinance PAT turns from a loss of ₹626 Cr in Q4 FY25 to a profit of ₹21 Cr in Q1 FY27, marking a successful turnaround.

Vehicle Finance AUM drops from ₹4,773 Cr in Q4 FY25 to ₹2,562 Cr in Q1 FY27, reflecting a shrinking portfolio.

Consolidated GNPA falls from 3.0% in Q1 FY26 to 1.6% in Q1 FY27, highlighting improved overall asset quality.

Gold Loan LTV increases from 57% in Q4 FY25 to 65.6% in Q1 FY27, raising potential collateral risk.

OPEX to AUM ratio drops from 6.2% in Q4 FY25 to 4.59% in Q1 FY27, showing better cost management.

Microfinance branch count falls from 1,785 in Q4 FY25 to 1,503 in Q1 FY27, showing continued network rationalization.

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In the news

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Manappuram Finance strengthens leadership team amid NBFC rules

Manappuram Finance Q4 Results: Strong ₹405 Cr Profit, Gold Loans Drive Growth

Manappuram Finance shares fall 2% despite strong Q4 profit

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Manappuram Finance