Manappuram Finance Limited (NSE:MANAPPURAM)

Manappuram Finance Stock Forecast

Stock Price Forecast

According to 13 analysts polled by S&P Global, Manappuram Finance stock has a consensus rating of "Buy" and an average price target of ₹322.46. The average 1-year stock price forecast is 1.18% higher than the current stock price, while the lowest is ₹270.00 (-15.28%) and the highest is ₹360.00 (+12.96%).

Price Target: ₹322.46 (+1.18%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹270.00	₹322.46	₹335.00	₹360.00
Change	-15.28%	+1.18%	+5.11%	+12.96%

* Price targets were last updated on May 5, 2026.

Analyst Ratings

The average analyst rating for Manappuram Finance stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	3	3	5	5
Buy	1	1	1	1	1	1
Hold	9	9	9	9	7	7
Sell	1	1	1	1	1	0
Strong Sell	1	1	0	0	0	0
Total	14	14	14	14	14	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bhaskar Basu Jefferies	Jefferies	Buy Upgrades ₹360.00	Buy	Upgrades	₹360.00	+12.96%	May 5, 2026

Financial Forecast

Revenue This Year

74.51B

Increased by 78.11%

from 41.83B

Revenue Next Year

87.96B

Increased by 18.06%

from 74.51B

EPS This Year

23.61

Increased by 101.60%

from 11.71

EPS Next Year

28.38

Increased by 20.21%

from 23.61

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	36.33B	41.74B	54.59B	45.71B	41.83B	74.51B
Revenue Growth	-3.38%	14.89%	30.79%	-16.27%	-8.48%	78.11%
Operating Income	17.85B	20.40B	30.11B	17.46B	12.70B	40.23B
Net Income	13.28B	14.96B	21.89B	12.16B	10.03B	23.48B
EPS	-	-	-	-	11.71	23.61
EPS Growth	-	-	-	-	-17.65%	101.60%
Forward PE	-	-	-	-	-	13.50
Dividend / Share	3.00	3.00	3.55	3.50	2.00	3.82
Dividend Growth	-	-	18.33%	-1.41%	-42.86%	90.86%
No. Analysts	-	-	-	-	-	7

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	79.2B
Avg	74.5B
Low	71.3B

Revenue Growth

Revenue Growth	2027	2028	2029
High	89.3%
Avg	78.1%
Low	70.4%

EPS Forecast

EPS	2027	2028	2029
High	27.70
Avg	23.61
Low	19.60

EPS Growth

EPS Growth	2027	2028	2029
High	136.5%
Avg	101.6%
Low	67.4%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: May 5, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

Data Sources Report a data error