F-14/15, Orbit Mall, Civil Lines, Jaipur-302006
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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comManappuram Finance Ltd is one of India’s leading Non-Banking Financial Companies (NBFCs), widely recognized for its strong presence in the gold loan segment. Over the years, the company has diversified into microfinance, vehicle finance, housing finance, and SME lending, strengthening its position in India’s retail lending ecosystem.
With steady growth in credit demand, rising financial inclusion, and expanding NBFC penetration in semi-urban and rural India, Manappuram Finance Ltd continues to attract investor attention. In this article, we analyze its share price targets from 2026 to 2030 based on current market data, business fundamentals, and sector outlook.
| Detail | Value |
|---|---|
| Open | ₹293.65 |
| Previous Close | ₹293.05 |
| Day’s High | ₹293.65 |
| Day’s Low | ₹281.70 |
| VWAP | ₹286.55 |
| 52-Week High | ₹321.60 |
| 52-Week Low | ₹194.51 |
| All-Time High | ₹321.60 |
| All-Time Low | ₹9.80 |
| Market Capitalization | ₹23,975 Cr |
| Volume | 68,70,390 |
| Value (Lacs) | 19,460.38 |
| 20D Avg Volume | 51,87,071 |
| 20D Avg Delivery (%) | 37.29% |
| Face Value | ₹2 |
| Book Value Per Share | ₹153.01 |
| Dividend Yield | 1.59% |
| Beta | 1.09 |
| UC Limit | ₹322.35 |
| LC Limit | ₹263.75 |
The stock is currently trading close to its 52-week high, reflecting strong bullish momentum. A beta of 1.09 indicates slightly higher volatility compared to the broader market.
Manappuram Finance Ltd primarily focuses on:
Gold loans
Microfinance lending
Vehicle finance
Housing finance
SME lending
The company’s gold loan segment remains its core strength, providing quick liquidity to customers across rural and semi-urban India. Diversification into other lending verticals reduces dependency on a single segment and enhances long-term stability.
Market leadership in gold loan financing
Strong branch network across India
Diversified loan portfolio
Healthy book value per share (₹153.01)
Attractive dividend yield (1.59%)
Strong institutional participation
| Investor Type | Holding (%) |
|---|---|
| Promoters | 35.25% |
| Foreign Institutions | 28.77% |
| Retail & Others | 24.83% |
| Mutual Funds | 9.09% |
| Other Domestic Institutions | 2.05% |
Strong foreign institutional ownership reflects confidence in the company’s long-term growth potential and governance standards.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 340 | 380 |
| 2027 | 400 | 450 |
| 2028 | 470 | 520 |
| 2029 | 540 | 600 |
| 2030 | 620 | 700 |
These projections are based on expected credit growth, expansion in microfinance, gold price trends, and overall NBFC sector performance.
By 2026, stable gold prices and expanding microfinance operations could support revenue growth.
Growth Drivers:
Increased gold loan demand
Rural credit expansion
Controlled NPAs and asset quality improvement
Consistent dividend payouts
Investment View: Suitable for medium-term investors seeking stable NBFC exposure.
In 2027, diversified lending verticals may contribute more significantly to profits.
Growth Drivers:
Microfinance scale-up
Improved net interest margins
Digital loan processing expansion
Growth in SME and vehicle financing
Investment View: Strong potential for steady compounding.
By 2028, operational efficiency and digital integration could enhance profitability.
Growth Drivers:
Expansion in underserved markets
Improved cost-to-income ratio
Balanced loan portfolio reducing concentration risk
Investment View: Balanced growth opportunity with moderate risk.
As India’s credit cycle strengthens, NBFCs may witness higher lending growth.
Growth Drivers:
Increased credit penetration
Stable regulatory environment
Strong recovery rates in gold-backed lending
Investment View: Attractive for long-term wealth accumulation.
By 2030, Manappuram Finance Ltd could solidify its position among India’s leading diversified NBFCs.
Growth Drivers:
Scalable business model
Strong capital adequacy
Consistent earnings growth
Improved return on equity
Investment View: Ideal for long-term investors aiming for capital appreciation along with dividend income.
Manappuram Finance Ltd offers exposure to India’s expanding credit market. With a diversified portfolio and strong gold loan dominance, the company balances growth with stability.
Strong presence in gold loans
Diversified revenue streams
Attractive dividend yield
Institutional investor confidence
Healthy book value support
Gold price volatility
Regulatory changes in NBFC sector
Rising interest rates impacting margins
Credit risk in unsecured lending segments
Investors should track quarterly earnings, NPA levels, and sector-wide policy changes before making major investment decisions.
Manappuram Finance Ltd stands as a well-established NBFC with strong fundamentals and diversified operations. Trading near its 52-week high, the stock reflects positive market sentiment.
Based on projected growth and sector expansion, the stock could potentially reach between ₹620 and ₹700 by 2030, assuming stable credit growth and controlled asset quality.
For investors seeking exposure to India’s financial services sector with dividend income potential, Manappuram Finance Ltd may present a promising long-term opportunity.
1. What is the current share price of Manappuram Finance Ltd?
It is trading around ₹290–₹300 based on recent market data.
2. What is the 2026 share price target?
The projected range for 2026 is ₹340 to ₹380.
3. Is Manappuram Finance Ltd a good long-term investment?
It may suit investors looking for NBFC exposure with moderate risk and dividend income.
4. What is the share price target for 2030?
The projected range for 2030 is ₹620 to ₹700.
5. What factors influence the share price the most?
Gold price trends, credit growth, asset quality, regulatory policies, and overall economic conditions.
Disclaimer: This article is for educational purposes only. Please consult a financial advisor before making investment decisions.
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