Manappuram Business Basic Analysis FY24
Business Segment | Profit (INR Mn) | Profit Share (%) | AUM (INR Mn) | AUM Share (%) | Business Model | Target Customers | Collection Process | GNPA (%) | NNPA (%) |
---|---|---|---|---|---|---|---|---|---|
Gold Loans | 16,578 | 78.33% | 214,995 | 51.1% | Providing short-term loans secured by gold jewelry | Individuals with household gold jewelry, typically from middle and lower-middle-income segments | Physical visits and digital payment options; timely auctions for non-performing loans | 2.8% | 1.1% |
Microfinance (Asirvad Microfinance) | 4,583 | 21.67% | 110,028 | 26.1% | Providing small loans to low-income households, focusing on women in rural and semi-urban areas | Low-income households, particularly women in rural and semi-urban areas | Group meetings for repayments; community-based collection methods | 3.7% | 1.7% |
Housing Finance | Not specifically provided | Not specifically provided | 15,097 | 3.6% | Providing affordable housing loans primarily to self-employed individuals in mid to low-income segments | Mid to low-income self-employed individuals, primarily in South and West India | Monthly EMI collections through digital platforms and in-person visits | Not specifically provided | Not specifically provided |
Vehicle and Equipment Finance | Not specifically provided | Not specifically provided | 41,109 | 9.8% | Providing loans for used commercial vehicles and equipment, focusing on semi-urban and rural locations | Self-employed individuals and small business owners in semi-urban and rural areas | Digital payment platforms and physical visits; use of telematics and tracking | 2.6% | 1.4% |
MSME and Personal Loans | Not specifically provided | Not specifically provided | 29,581 | 7.0% | Providing loans to micro, small, and medium enterprises, as well as personal loans to individuals | Micro, small, and medium enterprises; individuals needing personal loans | Digital collections through mobile apps; local collection teams for close monitoring | Not specifically provided | Not specifically provided |
On-lending and Other Loans | Not specifically provided | Not specifically provided | 9,886 | 2.4% | Providing on-lending and other miscellaneous loans | Various customers depending on specific loan products | Varies by specific loan product, but generally involves a combination of digital and physical collection methods | Not specifically provided | Not specifically provided |
Here is the updated table with the minimum lending rate required for Manappuram Finance Limited (MFL) to be profitable:
Source of funds
Source of Funds | Amount (INR Mn) | Percentage |
---|---|---|
WCDL/CC | 76,390 | 16.89% |
Term Loan | 190,094 | 42.04% |
NCD & Bond | 48,308 | 10.69% |
ECB | 9,303 | 2.06% |
Securitization | 4,083 | 0.90% |
Commercial Paper | 8,357 | 1.85% |
Others | 1 | 0.00% |
Total Borrowings | 336,535 | 74.45% |
Shareholders’ Equity | 115,481 | 25.55% |
Total Funds | 452,016 | 100% |
Debt to Equity Ratio | 2.91 | |
Cost of Funds | 9.3% | |
Operating Expenses (OPEX) | 25,165 | 5.98% |
Minimum Lending Rate | - | 20.31% |
Return Ratios Summary
Year | ROA (%) | ROE (%) |
---|---|---|
FY20 | 4.5% | 14.0% |
FY21 | 5.1% | 16.7% |
FY22 | 5.3% | 17.7% |
FY23 | 5.1% | 17.0% |
FY24 | 5.1% | 16.8% |
Notes:
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The minimum lending rate of 20.31% is the sum of the cost of funds, operating expenses, and desired profit margin. Desired profit margin is just author assumption. Not company provided data
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There may be some mistakes in this data. Kindly verify by yourself. For Accurate data kindly check company official released reports
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