Manappuram Finance

Hi Maheshkumar,

Thanks for the share. Upon reviewing the book value of the company, I noted it to be approximately 1.6 times. Considering the nature of the business being in lending, I though that the price-to-book ratio would offer a clearer insight compared to the price-to-earnings ratio. Basis the current fig, it appears that the company is positioned on the higher end of valuation. However, I acknowledge the possibility of error in my assessment and would appreciate your insights on the matter.