{"id":621,"date":"2020-01-14T10:57:34","date_gmt":"2020-01-14T10:57:34","guid":{"rendered":"http:\/\/www.assetmultiplier.co.in\/blog\/?p=621"},"modified":"2020-01-14T10:57:36","modified_gmt":"2020-01-14T10:57:36","slug":"we-have-targeted-10-15-growth-in-gold-loan-v-p-nandakumar-manappuram-finance","status":"publish","type":"post","link":"https:\/\/www.assetmultiplier.co.in\/blog\/2020\/01\/14\/we-have-targeted-10-15-growth-in-gold-loan-v-p-nandakumar-manappuram-finance\/","title":{"rendered":"We have targeted 10-15% growth in gold loan -V.P. Nandakumar, Manappuram Finance"},"content":{"rendered":"\n<p><span style=\"text-decoration: underline;\">Excerpts from an interview of Mr V.P. Nandakumar, MD, and CEO, Manappuram Finance with Live Mint dated 13-01-2020:<\/span><\/p>\n\n\n\n<p><strong>Update<\/strong><strong>&nbsp;on\nthe Indian Equity Market:<\/strong><\/p>\n\n\n\n<p>On Monday, NIFTY closed +0.6% higher. Among sectoral indices NIFTY Realty (+2.1%), NIFTY IT (+1.7%), NIFTY Metal (+1.2%) closed higher. None of the sectoral indices closed on a negative note. The biggest gainers were Infosys (+4.7%), IndusInd Bank (+3.7%) and Coal India (+3.1%) whereas Yes Bank (-5.8%), Bharti Infratel (-1.2%), and UPL (-1.2%) ended with losses.<\/p>\n\n\n\n<ul><li>Mr Nandakumar says, the all-inclusive cost is\nexpected to be around 11%. on January 13, 2020, the company will finalize\nthe&nbsp;hedging portion.<\/li><li>The coupon rate is 5.9%. The hedging rate is yet to\nbe finalized.<\/li><li>Mr Nandakumar says they want to diversity liability\nand this is a new addition.<\/li><li>The incremental cost is 9.2%, this is costly, but\ndiversification of liability is needed as there are liquidity challenges in the\nnon-banking financial companies (NBFCs) sector and the company is a little more\ncautious about that.<\/li><li>So far, the company has not been affected.<\/li><li>Speaking about the slowdown in vehicle financing,\nMr Nandakumar says, they do not lend to fleet owners.<\/li><li>Primarily the thrust area is lending to the\noperators who have one-two trucks, this segment remains stable.<\/li><li>Recoveries remain the same. The company will be\nachieving around 30-35% growth in the commercial vehicle (CV) finance this\nyear.<\/li><li>The company has targeted 10-15% growth in gold loan\nand they are confident to achieve it.<\/li><\/ul>\n\n\n\n<p>Consensus Estimate (Source: market screener\nand&nbsp;<a href=\"http:\/\/investing.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">investing.com<\/a>&nbsp;website)<\/p>\n\n\n\n<ul><li>The\nclosing price of Manappuram Finance was \u20b9 177\/- as of 13-January-20. It traded\nat 2.6x \/ 2.1x \/ 1.8x the consensus Book Value for FY20E \/ 21E \/ 22E of \u20b9\n65.7\/81.3\/97.6 respectively.<\/li><li>Consensus\ntarget price of \u20b9 177\/- implies a Price to Book multiple of 1.8x on FY22E Book\nValue of \u20b9 97.6.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Excerpts from an interview of Mr V.P. Nandakumar, MD, and CEO, Manappuram Finance with Live Mint dated 13-01-2020: Update&nbsp;on the Indian Equity Market: On Monday, NIFTY closed +0.6% higher. Among sectoral indices NIFTY Realty (+2.1%), NIFTY IT (+1.7%), NIFTY Metal (+1.2%) closed higher. None of the sectoral indices closed on a negative note. The biggest [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161,256,1],"tags":[257],"_links":{"self":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/621"}],"collection":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/comments?post=621"}],"version-history":[{"count":1,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/621\/revisions"}],"predecessor-version":[{"id":622,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/621\/revisions\/622"}],"wp:attachment":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/media?parent=621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/categories?post=621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/tags?post=621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}