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Buy Manappuram Finance, price target Rs 182: Kunal Bothra

The analyst suggested a stoploss at Rs 167.

ETMarkets.com|
Updated: Dec 13, 2019, 12.16 PM IST
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Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14630.60 Crore) operating in NBFC sector.
Kunal Bothra has a buy call on Manappuram Finance Ltd. with a target price of Rs 182.0 . The current price of Manappuram Finance Ltd. is Rs 172.95 . Kunal Bothra recommended to keep a stoploss at Rs 167 .

Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14630.60 Crore) operating in NBFC sector.

Manappuram Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 3370.28 Crore to Sales Value (98.59 % of Total Sales), Fees & Commission Income which contributed Rs 45.86 Crore to Sales Value (1.34 % of Total Sales) and Other Operating Revenue which contributed Rs 2.06 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 1286.79 Crore, up 9.59 % from last quarter Sales of Rs 1174.19 Crore and up 26.85 % from last year same quarter Sales of Rs 1014.44 Crore Company has reported net profit after tax of Rs 407.65 Crore in latest quarter.

The company’s top management includes Mr.B N Raveendra Babu, Mr.Gautam Narayan, Mr.Jagdish Capoor, Mr.P Manomohanan, Mr.V P Nandakumar, Mr.V R Ramachandran, Ms.Sutapa Banerjee. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 843,261,964 shares outstanding.

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