MarketFriction

Manappuram Finance Ltd

NSE MANAPPURAM · BSE 531213 · Non Banking Financial Company (NBFC)
₹308.90 -2.20%
NSE close2026-10-01
52 week range245.15 - 381.55
Market cap₹29,725 Cr.
P/E20.5
Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250 No price band Delivery 49.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,1612,3052,3482,4882,6332,5602,3612,2622,2732,3542,6143,034
Interest6897497798489069258958558769451,1091,274
Expenses6757297738468921,1911,6371,2331,0181,034877906
Financing Profit796827796793835444-172174380375627854
Financing Margin %37%36%34%32%32%17%-7%8%17%16%24%28%
Other Income13211424432325126
Depreciation626265646770667579777578
Profit before tax747786746753773376-236102302303564782
Tax %25%27%24%26%26%26%-14%-30%28%21%28%25%
Net Profit561575564557572278-203132217239405585
EPS in Rs6.606.776.636.556.743.33-2.261.632.602.854.306.22
Gross NPA %
Net NPA %
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue2,3693,4063,4214,1805,4656,3316,0616,7008,84810,0129,50910,275
Interest9471,1691,0301,3451,8322,2192,0112,1882,8663,5413,7864,204
Expenses8201,0111,3441,3651,5471,6692,1332,3172,8484,5574,1623,835
Financing Profit6011,2251,0471,4692,0862,4431,9162,1953,1341,9131,5612,236
Financing Margin %25%36%31%35%38%39%32%33%35%19%16%22%
Other Income3358638644655072201525
Depreciation56636875164171198204246267307310
Profit before tax5481,1661,0371,4572,0072,3161,7842,0412,9601,6661,2701,950
Tax %35%35%35%35%26%26%26%26%26%28%22%
Net Profit3557586769491,4801,7251,3291,5002,1971,2049931,445
EPS in Rs4.208.988.0411.1617.3720.3715.7017.6725.8614.3710.6815.97
Dividend Payout %54%17%25%19%16%10%19%17%13%28%19%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth15%8%12%5%
Compounded Profit Growth11%-10%-13%81%
Stock Price CAGR13%12%28%13%
Return on Equity17%13%12%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital168168168169169169169169169169169188
Reserves2,4652,5903,1933,6454,3785,5777,1388,1999,47611,37912,26315,863
Borrowing8,6329,63810,98612,60715,29723,02223,32724,81629,16734,32036,07757,837
Other Liabilities352443804609602767703623693880695672
Total Liabilities11,61612,83915,15217,03020,44629,53531,33833,80839,50446,74849,20574,559
Fixed Assets2062302223103678039261,0521,0941,0701,1341,057
CWIP10101381317331127
Investments2174955174903384215347267902,051
Other Assets11,19312,56014,92516,71519,90428,63930,06632,32237,86044,91847,26971,424
Total Assets11,61612,83915,15217,03020,44629,53531,33833,80839,50446,74849,20574,559
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-888-1,042-1,271-33-1,661-3,620-619-423-3,103-3,450-467-20,238
Cash from Investing Activity64972-25-148-37126-186-193-616-601-125-1,632
Cash from Financing Activity2657721,2112932,3886,049594383,8494,0921,13223,834
Net Cash Flow26-198-841123562,455-747-177130415411,965
Free Cash Flow-912-1,121-1,324-193-1,787-3,716-672-585-3,275-3,585-662-20,427
CFO/OP-56%-56%-36%17%-40%-81%-0%2%-60%-44%5%-369%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %11%13%25%19%22%28%26%17%17%21%10%7%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters35.20%35.20%35.20%35.24%35.25%35.25%35.25%35.25%35.25%35.25%31.77%41.66%
FIIs27.08%28.95%31.99%33.00%30.36%27.01%28.43%29.71%30.16%28.78%23.23%22.30%
DIIs12.25%12.15%9.50%9.34%10.97%7.88%7.99%8.61%9.17%11.15%12.96%14.85%
Public25.47%23.69%23.32%22.42%23.41%29.84%28.33%26.41%25.41%24.84%32.03%21.20%
No. of Shareholders3,50,7103,85,1174,37,4884,52,0905,74,7266,66,7036,26,1375,99,5015,65,7945,51,9275,54,1095,26,798

Fundamentals

Market Cap₹ 29,725 Cr.
Current Price₹ 316
Stock P/E20.5
Book Value₹ 171
ROCE8.25 %
ROE6.97 %
Dividend Yield0.63 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)81%
Consolidated figures.
Valuation
Market capRs 29,016 Cr
Enterprise valueRs 80,704 Cr
P/E (TTM)20.02x
Price to book1.81x
Price to sales2.82x
EV / EBITDA12.48x
EV / EBIT13.11x
EV / sales7.85x
Earnings yield5.00%
Dividend yield0.65%
P/E, 3-year average15.47x
P/B, 3-year average1.44x
P/E, 5-year average12.13x
P/B, 5-year average1.31x
Profitability
Operating margin (excl. other income)56.23%
Operating margin (incl. other income)56.39%
EBITDA margin62.92%
Pre-tax margin18.98%
Net profit margin14.11%
Net margin, latest quarter19.27%
ROE7.05%
ROCE8.26%
ROA1.62%
ROE, 3-year average12.61%
ROCE, 3-year average11.02%
ROA, 3-year average3.08%
ROE, 5-year average14.28%
ROCE, 5-year average11.34%
ROA, 5-year average3.48%
ROIC (approx.)7.10%
Tax rate21.81%
Other income / net worth0.10%
Growth
Sales growth (latest year)-5.02%
Profit growth (latest year)-17.50%
Sales CAGR, 3 years12.38%
Sales CAGR, 5 years8.48%
Profit CAGR, 3 years-12.47%
Profit CAGR, 5 years-10.26%
Sales growth QoQ16.08%
Profit growth QoQ44.71%
Sales growth YoY (latest quarter)34.11%
Profit growth YoY (latest quarter)322.45%
Per share
EPS (TTM)Rs 15.43
EPS (latest year)Rs 10.68
EPS (latest quarter)Rs 6.22
EPS, 3-year averageRs 16.97
EPS, 5-year averageRs 16.86
Book value per shareRs 170.87
Sales per shareRs 109.39
Cash flow per shareRs -215.45
Free cash flow per shareRs -217.46
Dividend per share (latest year)Rs 2.00
Dividend per share, 3-year averageRs 3.10
Dividend per share, 5-year averageRs 3.06
Dividends
Dividend payout18.72%
Dividend payout, 3-year average19.78%
Dividend payout, 5-year average19.08%
Efficiency
Asset turnover0.13x
Fixed asset turnover8.99x
Leverage
Total debtRs 57,837 Cr
Cash and bankRs 6,149 Cr
Net debtRs 51,688 Cr
Debt to equity3.60x
Net debt / EBITDA8.00x
Interest coverage1.46x
Owners' fund to total sources21.53%
Debt to assets77.57%
Cash flow
Cash from Operating Activity (latest year)Rs -20,238 Cr
Cash from Investing Activity (latest year)Rs -1,632 Cr
Cash from Financing Activity (latest year)Rs 23,834 Cr
Net Cash Flow (latest year)Rs 1,965 Cr
Free cash flow (latest year)Rs -20,427 Cr
FCFE (approx.: FCF + change in debt)Rs 1,333 Cr
Cash from ops / profit, 5 years-3.83x
Statement figures
Net sales (TTM)Rs 10,275 Cr
Net sales (latest year)Rs 9,509 Cr
Sales (latest quarter)Rs 3,034 Cr
Operating profit excl. other income (latest year)Rs 5,347 Cr
Operating profit (latest quarter)Rs 2,128 Cr
Other income (TTM)Rs 25 Cr
EBITDA (TTM)Rs 6,465 Cr
PBDT (TTM)Rs 2,261 Cr
Profit before tax (TTM)Rs 1,950 Cr
Tax (latest year)Rs 277 Cr
Net profit (TTM)Rs 1,449 Cr
Net profit (latest year)Rs 1,003 Cr
Net profit (latest quarter)Rs 585 Cr
Depreciation (TTM)Rs 310 Cr
Depreciation (latest quarter)Rs 78 Cr
Interest (TTM)Rs 4,204 Cr
Cost of goods sold (latest year)Rs 194 Cr
Total expenditure (latest year)Rs 4,162 Cr
Total income (latest year)Rs 9,525 Cr
Share capitalRs 188 Cr
ReservesRs 15,863 Cr
Shareholders' fundsRs 16,051 Cr
Total assetsRs 74,559 Cr
Net blockRs 1,057 Cr
Capital work in progressRs 27 Cr
InvestmentsRs 2,051 Cr
Other liabilitiesRs 672 Cr
Shares outstanding (crore)93.93
Ownership
Promoter holding41.66% (+6.41 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.0 is at the 86th percentile of its own 9.4-year range (median 11.3, low 5.2, high 67.7).
P/B 1.81 is at the 33th percentile (median 2.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMANAPPURAMNifty 50Difference
1 week-4.9%-2.8% -2.2 pts
1 month-8.3%-6.8% -1.5 pts
3 months-5.9%-7.6% +1.7 pts
6 months+23.0%+0.4% +22.6 pts
1 year+9.9%-9.9% +19.8 pts
2 years+48.1%-13.6% +61.7 pts
3 years+106.1%+14.2% +92.0 pts
5 years+72.0%+27.9% +44.2 pts
111 mutual fund schemes hold about ₹5,132 Cr. Over three months 69 bought more and 26 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund2.50%890 +19%
ICICI Pru Multi Cap Fund1.85%362 +29%
ICICI Pru Multi Cap Fund1.85%348 +29%
SBI ELSS Tax Saver Fund0.94%298 +96%
SBI Arbitrage Fund0.48%227 +7%
Kotak Arbitrage Fund(M0.29%223 +16%
ICICI Pru Arbitrage Fund0.62%215 +98%
Tata Arbitrage Fund0.76%189 +51%
Nippon India Arbitrage Fund0.93%163 +326%
SBI Dividend Yield Fund1.87%160 +10%
Nippon India Arbitrage Fund(M0.93%157 +326%
SBI Banking & Financial Services Fund1.28%139 +11%
UTI Arbitrage Fund1.22%136 +29%
Bandhan Small Cap Fund0.39%134 -10%
Aditya Birla SL Arbitrage Fund0.47%129 +96%
DSP Small Cap Fund0.52%113 +1%
SBI Small Cap Fund0.26%109 +5%
Aditya Birla SL Small Cap Fund1.60%100 +3%
Edelweiss Arbitrage Fund0.63%93 +35%
Mahindra Manulife Multi Cap Fund1.03%79 -24%
HDFC Arbitrage Fund(M0.28%72 +293%
Edelweiss Balanced Advantage Fund(Q0.51%69 +8%
Mahindra Manulife Small Cap Fund1.03%56 -47%
TRUSTMF Small Cap Fund1.41%40 +100%
Altiva Hybrid Long-Short Fund0.42%39 -17%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -548% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 28% of total assets in 2026
explainDebt up, profit down Borrowings up 60% while net profit fell in 2026
explainLow interest cover Interest cover 1.3x in 2026
lookShare dilution Share count up 11% in a year, 11% in three
lookRegulator order or action Regulator order or action 2026-03-14: Manappuram Finance Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-05-14B.N. Raveendra BabuDirectorsell100,000Rs 2.33 CrMarket Sale
2024-09-30Nandakumar V PPromotersbuy50,000Rs 1.01 CrMarket Purchase
2024-09-26Nandakumar V PPromotersbuy50,000Rs 1.01 CrMarket Purchase
2024-09-12B.N. Raveendra BabuDirectorsell100,000Rs 2.05 CrMarket Sale
2024-08-20MANOJKUMAR V RKey Managerial Personnelsell20,000Rs 0.41 CrMarket Sale
2024-06-28RAJEEV SREEDHARANEmployees/Designated Employesell9,615Rs 0.20 CrMarket Sale
2024-06-12B.N. Raveendra BabuDirectorsell100,000Rs 1.85 CrMarket Sale
2024-06-04Nandakumar V PPromotersbuy150,000Rs 2.47 CrMarket Purchase
2024-06-03Nandakumar V PPromotersbuy200,000Rs 3.47 CrMarket Purchase
2024-03-12SUBHADRA MANOMOHANANOthersell100,000Rs 1.70 CrMarket Sale
2023-11-16MANOJKUMAR V RKey Managerial Personnelsell20,000Rs 0.32 CrMarket Sale
2023-11-16MANOJKUMAR V RKey Managerial Personnelsell20,000Rs 0.32 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹3,034 Cr +34.1% vs Jun 2025. Net profit ₹585 Cr +343.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-17Interim Dividend - Re 1 Per Share
2026-05-11Interim Dividend - Re 0.50 Per Share
2026-02-06Interim Dividend - Re 0.50 Per Share
2025-11-07Interim Dividend - Re 0.50 Per Share
2025-08-14Interim Dividend - Rs 0.50 Per Share
2025-05-15Interim Dividend - Rs 0.50 Per Share
2025-02-21Interim Dividend - Re 1 Per Share
2024-11-18Interim Dividend - Re 1 Per Share
2024-08-26Interim Dividend - Re 1 Per Share
2024-06-05Interim Dividend - Re 1 Per Share
2024-02-16Interim Dividend - Re 0.90 Per Share
2023-11-24Interim Dividend - Re 0.85 Per Share
2023-08-23Interim Dividend - Rs 0.80 Per Share
2023-05-24Interim Dividend - Re 0.75 Per Share
2023-02-15Interim Dividend - Re 0.75 Per Share
2022-11-22Interim Dividend - Re 0.75 Per Share
2022-08-17Interim Dividend - Rs 0.75 Per Share
2022-05-27Interim Dividend - Rs 0.75 Per Share
2022-02-24Int Dividend - Rs 0.75 Per Share
2021-11-24 Interim Dividend - Rs 0.75 Per Share
2021-08-20 Interim Dividend - Rs 0.75 Per Share
2021-06-04 Interim Dividend - Rs 0.75 Per Share
2021-02-10 Interim Dividend - Rs 0.65 Per Share
2020-11-18 Interim Dividend - Rs 0.60 Per Share
2020-03-12 Interim Dividend - Rs 0.55 Per Share
2020-02-06 Interim Dividend - Rs 0.55 Per Share
2019-11-19 Interim Dividend - Rs 0.55 Per Share
2019-08-23 Interim Dividend - Rs 0.55 Per Share
2019-05-27 Interim Dividend - Re 0.55 Per Share
2019-02-15 Interim Dividend - Re 0.55 Per Share
2018-11-19 Interim Dividend - Re 0.55 Per Share
2018-08-23 Interim Dividend- Re 0.55 Per Share
2018-05-29 Interim Dividend- Re 0.50 Per Share
2018-02-20 Interim Dividend Re 0.50 Per Share
2017-11-16 Interim Dividend - Re 0.50 Per Share
2017-08-22 Interim Dividend - Re 0.50 Per Share
2017-06-05 Interim Dividend Re 0.50/- Per Share
2017-02-16 Interim Dividend Re 0.50 Per Share
2016-11-22 Interim Dividend Re 0.50 Per Share
2016-08-22 Dividend Re 0.50 Per Share
2016-03-22 Interim Dividend - Re 0.45/- Per Share
2016-02-23 Interim Dividend - Re 0.45/- Per Share
2015-11-24 Interim Dividend-Re 0.45/- Per Share
2015-09-04 Interim Dividend - Re 0.45/- Per Share
2015-07-29Annual General Meeting
2015-05-25Interim Dividend - Re 0.45/- Per Share
2015-02-12Interim Dividend - Re 0.45/- Per Share
2014-11-12Interim Dividend - Re 0.45/- Per Share
2014-08-13Interim Dividend - Re 0.45/- Per Share (22.5%)
2014-07-23Annual General Meeting / Final Dividend - Re 0.45/- Per Share (22.5%)
2014-02-18Interim Dividend Re 0.45/- Per Share
2013-11-25Interim Dividend Re.0.45 Per Share
2013-08-22Interim Dividend Re.0.45 Per Share
2013-08-01Annual General Meeting
2013-03-22Interim Dividend Rs. 1.50 Per Share
2012-07-25Annual General Meeting/Div - Final Re 0.50 + Special Re 0.50 Per Share
2012-02-13Interim Dividend Re.0.50 Per Share
2011-08-10Annual General Meeting/Fin.Div.Re.0.60 Per Share
2011-06-09Inferred from price: close fell to 0.507x overnight, no NSE action on record0.5000
2011-06-09Bonus Shares In The Ratio Of 1:1
2010-07-12Annual General Meeting And Div. Of Re.0.50 Per Equity Share
DateTypeWhat it says
2026-09-15ResignationResignation of Director/KMP/SMP
2026-09-15Change in ManagementChange in Management
2026-09-01ResignationResignation of Director/KMP/SMP
2026-09-01ResignationResignation of Mr Kamal P Parmar as Other of the company w.e.f. September 01, 2026.
2026-08-17General UpdatesGeneral Updates
2026-08-17Concall / analyst meetTranscript
2026-08-13Shareholder meetingVoting results.
2026-08-13Monitoring Agency ReportPlease find attached the monitoring agency report for the quarter ended June 30, 2026
2026-08-12Shareholder meetingProceedings of Annual General Meeting held on August 12, 2026
2026-08-12Concall / analyst meetSchedule of meet
2026-08-11Concall / analyst meetLink of Recording
2026-08-11Utilisation of FundsUtilisation of Funds
2026-08-11Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-08-11Change in ManagementChange in Management
2026-08-11Director changeChange in Director(s) of the company.
2026-08-11AppointmentAppointment of Mr Ashish Singh as Managing Director & CEO of the company w.e.f. January 01, 2027.
2026-08-11Record DateRecord date for the purpose of Dividend is 17-Aug-2026.
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-08-11Board meeting outcomeOutcome of Board Meeting held on August 11, 2026.
2026-08-11DividendBoard of Directors at its meeting held on August 11, 2026, declared Interim Dividend of Re. 1 per equity share.
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "Press Release".
2026-08-11Investor PresentationInvestor Presentation
2026-08-11Board meeting outcomeManappuram Finance Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.76
Max pain (expiry 2026-10-27)320
Largest call open interest at320
Largest put open interest at325
Implied volatility, at the money28.7%
Underlying at snapshot308.90
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-3016,124
2026-09-29890
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Manappuram Finance Ltd?

Manappuram Finance Ltd (MANAPPURAM) has a market capitalisation of Rs 29,725 Cr. at the 2026-10-01 close.

What is the P/E ratio of Manappuram Finance Ltd?

Manappuram Finance Ltd trades at a P/E of 20.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Manappuram Finance Ltd's latest quarterly results?

In the Jun 2026 quarter, Manappuram Finance Ltd revenue was Rs 3,034 Cr (+34.1% vs Jun 2025) and net profit was Rs 585 Cr.

What is the 52-week high and low of Manappuram Finance Ltd?

The 52-week high is Rs 381.55 and the 52-week low is Rs 245.15.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03