In , Manappuram Finance Ltd (Finance & Investments - Gold Loan) is outperforming Nifty 500 with +6.4% relative strength. Fundamentals: Weak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: Gold loan AUM grew 23% QoQ with improved pricing discipline, adding ₹250-300cr annualized NII
Impact: +₹250 Cr revenue
“CEO Deepak Reddy: "We continue to run multiple price sensitivity tests to determine the ideal scheme mix as we move into next financial year"”
What: New book in non-gold segments to reach 60% of portfolio by Q2 FY27, normalizing credit costs
Impact: +₹400 Cr revenue
“CEO Deepak Reddy: "I'm confident that we are at the tail end of the negative credit cycle. Business volumes are showing good growth, collections are improving and our new book performance is performing very well"”
Earnings deceleration risks from management commentary
Trigger: Continued risk aversion in MSME/vehicle loans
Impact: -15 bps margin impact
Management view: CEO Deepak Reddy: "It is not -- these businesses are not something that we are going to overnight accelerate. We will be a slow take-up."
Monitor: Non-gold AUM growth rate
Trigger: Gold price falls below ₹60,000/gm
Impact: -25 bps margin impact
Management view: CEO Deepak Reddy: "We have obviously studied our entire model from acquisition to underwriting, to risk, to systems. We are taking that all into cognizance, and that's what we are strengthening"
Monitor: Gold price volatility index
Key quotes from recent conference calls
“We continue to run multiple price sensitivity tests to determine the ideal scheme mix as we move into next financial year — Deepak Reddy”
“I'm confident that we are at the tail end of the negative credit cycle. Business volumes are showing good growth, collections are improving and our new book performance is performing very well — Deepak Reddy”
“Our AUM growth momentum has rebounded strongly. We are getting ready for much more significant growth — Deepak Reddy”
“Net NPA stands at 1.8% — V.P. Nandakumar”
Forward-looking targets from management for FY27
Revenue Growth Target
20%
Implied PAT Growth
25%
OPM Guidance
42%
Capex Plan
₹350 Cr
Credit Growth Target
18%
NIM Guidance
10.5%
Key Milestones
• Non-gold businesses to return to growth in Q1 FY27
• New book to be 60% of portfolio by Q2 FY27
• Branch transformation complete by Q2 FY27
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +11% | +12% | Inflection Up |
| PAT (Net Profit) | +300% | -13% | Inflection Up |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Manappuram Finance Ltd's latest quarterly results (Mar 2026) show
Manappuram Finance Ltd's profit is growing with an turning around (inflection up) trend.
Manappuram Finance Ltd's revenue growth trend is turning around (inflection up).
Manappuram Finance Ltd's asset quality trend is deteriorating.
Manappuram Finance Ltd's long-term compounding rates
Manappuram Finance Ltd's earnings growth is turning around (inflection up) with positive momentum on a sequential basis.
Manappuram Finance Ltd's trailing twelve month (TTM) performance
Manappuram Finance Ltd appears significantly overvalued based on our fair value analysis.
Manappuram Finance Ltd's current PE ratio is 26.7x.
Manappuram Finance Ltd's current PE is 26.7x.
Manappuram Finance Ltd's price-to-book ratio is 1.7x.
Manappuram Finance Ltd is rated Weak with a fundamental score of 36/100. This score is calculated from objective financial metrics
Manappuram Finance Ltd has a debt-to-equity ratio of N/A.
Manappuram Finance Ltd's return ratios over recent years
Manappuram Finance Ltd's operating cash flow is negative (FY2026).
Manappuram Finance Ltd's current dividend yield is 1.11%.
Manappuram Finance Ltd's shareholding pattern (Mar 2026)
Manappuram Finance Ltd's promoter holding has decreased recently.
Manappuram Finance Ltd has been outperforming Nifty 500 for 2 consecutive weeks, indicating early-stage outperformance.
Manappuram Finance Ltd is an established outperformer with 2 weeks of consecutive Nifty 500 outperformance.
Manappuram Finance Ltd has 2 key growth catalysts identified from recent earnings analysis
Manappuram Finance Ltd has 2 key risks worth monitoring
In Q3 FY26, Manappuram Finance Ltd's management highlighted
Manappuram Finance Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Manappuram Finance Ltd may be worth studying
Manappuram Finance Ltd investment thesis summary:
Manappuram Finance Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
