Manapuram AR 18 notes
AUM – 15,765 cr ; 15.4 % yoy
Gold loan disbursements – 62, 155 cr ; 18.5 % yoy
NII – 23957 cr; 8 % yoy
Total customers – 3.8 million ; 12% yoy
• Digitalization important part of our strategy
• New businesses 1/4th of our AUM , will go up in future
• 2/3rd of Indias GDP is in gold in households , right now only 10 % monetized , we hope to encash this
• Gold – 64 ton assets
• Borrowing cost – 8.7 %
• 4199 network branches , 24886 team of employees
Gold loan Division
• Gold loan AUM Rs.11,700 cr ( 5.5% growth)
• NP – 700 cr
•
Asirvad Microfinance
• MFI AUM 2437 cr vs 1796 cr ( 35 % yoy)
• Gross NPA 2.33 % NPA vs 4.47 % last year( seems like bad effects of demonetization are going off)
• Total branches added 69 ( 832 total)
• 2nd half of the year was much stronger , provisions for the year at 17.2 cr declined 57.2 % yoy
• This segment can be a major growth driver
Housing finance
• AUM at 375 cr ( 20.7 %)
• Plan to touch this AUM to 1000 cr , in next 2- 3 years .
• Opex brought down to 8.44 % from 10.3 % last year
• Gross NPA – 4.8 %
• Western region contributes the largest share of the loan portfolio.
• 419 staff, parent company( Manappuram) can put in equity when required
• Average ticket size of a Home Loan is about 11.50 lakh and for the LAP segment, it stands at about 8.00 lakh.
Vehicle finance
• AUM doubled to 625 cr
• Added 26 new branches taking total to 76
• Leveraging gold loan channel for this
• Gross NPA – 2.7 %
• Planning to add 26 new branches this year
• 70 % preowned vehicles
•
Gross NPA at 0.5 % vs 2% last year
Net NPA at 0.3% vs 1.7 % last year
Return on assets at 4 % vs 5.4 % last year
Employees at 23886 vs 18993 last year ( 26 % increase)
Online gold loan account for 32 % of the book as against 12 % last year.
Planning to venture into new businesses like corporate finance, personal loans, MSMEs , project and industrial finance
27.28 cr spent on branding and advertising
MD&A
NBFCs gaining an upper hand to banks as banking secotr
Bond yields and loan rates are on the climb ,will adversely affect margins
Limited opportunities to grow in gold loans, gold loan NBFCs are focusing on other areas
Obtaining gold loans is relatively easier to other loans , hence its rising popularity
Untapped markets of north and west india hold opportunity for gold loan penetrations
Gold loans have flexible terms , no need to pay EMI , can pay interest at end of tenure
Organized gold loan market to touch 3101 bn by 2020, growing 12-13 % CAGR
In August 2017, CARE Ratings has upgraded the long-term credit rating of Manappuram Finance Ltd (MAFIL) to CARE AA (double A) stable from CARE AA- (double A minus) stable
The Company also invested in ramping up safety of the lockers by installing IOT-based keyless e-lockers which offer multiple benefits including monitoring of the lockers by the customer from a remote location.
