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Manappuram Finance Q3 Review: IDBI Capital Maintains 'Hold' On The Stock, Hikes Target Price — Here's Why
The brokerage maintain ‘Hold’ rating with a target price of Rs 200 (earlier Rs 176), valuing it at 1.0x P/BV FY27E.
14 Feb 2025, 09:33 AM IST 
Manappuram Finance Ltd.’s Gold loan portfolio grew by 18% YoY (versus 17% YoY Q2 FY25) backed by higher gold prices.
(Photo Source: Syed F Hashemi on Unsplash)
Manappuram Finance's micro finance portfolio has been impacted with respect to asset quality and loan growth due to RBI ban. However, RBI ban has been lifted which should support loan growth but collection efficiency remains a key concern with respect to asset quality issues for MFI portfolio.
