Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 14244.32 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1630.25 Crore, down -1.20 % from last quarter Total Income of Rs 1650.00 Crore and up .75 % from last year same quarter Total Income of Rs 1618.15 Crore. Company reported net profit after tax of Rs 468.35 Crore in latest quarter.
Investment Rationale
Manappuram Finance has given a breakout above its previous swing high levels of 167.00. This breakout also compliments a trend line breakout. The origin of the trend line is from levels of 185 which were also the Tops registered in February 2021.
Promoter/FII Holdings
Promoters held 35 per cent stake in the company as of March 31, 2021, while FIIs held 38.6 per cent, DIIs 8.9 per cent and public and others 17.6 per cent.
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