Buy Manappuram Finance, target Rs 103: Manas Jaiswal – Economic Times

Manas Jaiswal of has a buy call on Manappuram Finance Ltd. with a target price of Rs 103. The current market price of Manappuram Finance Ltd. is Rs 98.4. Time period given by the analyst is Intra Day when Manappuram Finance Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 96.5. Manappuram Finance Ltd., incorporated in 1992, is a midcap company with a market cap of Rs 8293.25 crore.

Manappuram Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 2898.56 Crore to Sales Value (98.98 % of Total Sales), Processing Charges which contributed Rs 18.30 Crore to Sales Value (0.62 % of Total Sales) and Other Operating Revenue which contributed Rs 11.34 Crore to Sales Value (0.38 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1014.44 Crore, up 8.40 % from last quarter Sales of Rs 935.82 Crore and up 22.22 % from last year same quarter Sales of Rs 830.03 Crore Company has reported net profit after tax of Rs 224.00 Crore in latest quarter. The company’s top management includes Dr.Amla Samanta, Mr.B N Raveendra Babu, Mr.E A Kshirsagar, Mr.Gautam Narayan, Mr.Jagdish Capoor, Mr.P Manomohanan, Mr.V P Nandakumar, Mr.V R Rajiven, Mr.V R Ramachandran. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 842,809,857 shares outstanding.

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