Muthoot is twice expensive than Manappuram
Manappuram has the advantage of diversification
Gold loan of Manappuram and muthoot is almost similar
So Manappuram has edge due to ashirawad and half the Price to book of muthoot
Manappuram is almost at book value (we are not giving any valuations to it’s brand, growth, dividend )
To me Manappuram is a significant rerating candidate , while muthoot will be a slow grower with 10-15% CAGR
Both are such a big brand and leaders from decades
| Subscribe To Our Free Newsletter |
