Manappuram Finance Limited, a gold loan non-banking financial company, provides retail credit products and financial services in India. 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 serves retail, microfinance, small and medium enterprises, and commercial customers. It operates branches in 28 states and 4 Union Territories. The company was formerly known as Manappuram General Finance and Leasing Limited and changed its name to Manappuram Finance Limited in 2011. Manappuram Finance Limited was founded in 1949 and is based in Thrissur, India.
Revenue projections:
Revenue projections for MANAPPURAM MANAPPURAM's revenue is forecasted to dip below last year's figures, raising concerns for investors who are typically wary of declining financial performance. Such drops can directly affect the company's bottom line, potentially leading to a decrease in overall profitability, making investors more cautious in their decisions.
Financial Ratios:
currentRatio
68.125000
forwardPE
9.285634
debtToEquity
289.662000
earningsGrowth
0.000000
revenueGrowth
-0.631000
grossMargins
0.987520
operatingMargins
-0.455070
trailingEps
14.220000
forwardEps
0.000000
MANAPPURAM's current ratio 68.125, suggesting the company has sufficient liquidity to service its short-term debt. With its cash reserves and current assets in good shape, MANAPPURAM can comfortably meet its immediate liabilities, reflecting a healthy financial standing. MANAPPURAM's high debt-to-equity ratio signals significant reliance on debt to finance its operations. This heavy leverage can increase financial risk, especially if the company faces a decline in revenue or struggles to meet its debt obligations. MANAPPURAM's low earnings and revenue growth point to a potential decline in profits. This signals a downturn in financial performance, suggesting that the company might face challenges in maintaining its current level of profitability.
Insider Transactions:
Insider Transactions for MANAPPURAM
Manappuram Finance Limited stock was sold in 6 transactions, with market price at 212.05166625976562.4 purchases of MANAPPURAM stock were recorded, with market price of 184.5974998474121 per share.No clear trend can be drawn from the insider transactions, leaving the company's next steps and outlook uncertain from this data alone.
Recommendation changes over time:
Recommendations trend for MANAPPURAM
MANAPPURAM has been receiving a buy bias from analysts, indicating confidence in its investment potential. This could drive more investors to view MANAPPURAM as a reliable choice for their money, offering a promising avenue for future growth and financial gains.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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