Skip to content
Manappuram Finance logo

Manappuram Finance

MANAPPURAM NSE
₹314.20 +9.55 (+3.13%)
P/E
19.67
View as Markdown
MCP
Close 4 Nov 2026 ₹314.20 +40.20 +14.7% 1Y
Start ₹274.00

Key Fundamentals

SmallcapFinanceFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

Debt to Equity
3.60
EPS (TTM)
₹15.97
Book Value
₹165.04
Market Cap
—
P/E (TTM)
19.67
P/B
1.90
ROE
6.97%
Dividend Yield
0.33%
52W High
₹381.55
52W Low
₹245.15
Day Range
₹301.55 – ₹318.85
Volume
53,67,561
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Manappuram Finance peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
Manappuram Finance (this company)
₹314.2019.67₹29,190 Cr1.900.33%6.97%—₹10,275 Cr₹1,446 Cr
Median 8 companies₹730.8821.95₹1,22,695 Cr2.710.54%15.55%—₹32,679 Cr₹5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

44 Weak

Data confidence 94/100

Category scores

Quality
43
Weak
Returns, margins, earnings quality 22% weight
Valuation
50
Average
Cheap vs sector & own history 24% weight
Growth
24
Poor
Sales & profit trajectory 9% weight
Financial Health
26
Poor
Solvency, leverage, coverage 9% weight
Momentum
44
Weak
Trend strength, vol-adjusted 12% weight
Ownership
52
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has been maintaining a healthy dividend payout of 19.8%
  • Promoter holding has increased by 9.89% over last quarter.

Weaknesses

3
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.48% over past five years.
  • Company has a low return on equity of 11.9% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish658
OscillatorsNeutral252
Moving AveragesStrong Bullish406

Key readings

RSI (14)
53.39
Neutral
MACD (12,26,9)
−5.65
Bullish
SMA (50)
320.26
Bearish
SMA (200)
310.51
Bullish

As of

Analyst Rating

Based on 14 analysts
HOLD57%

6 of 14 analysts rate Buy, 8 Hold, 0 Sell.

As of

BUY
6
43%
HOLD
8
57%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+14.91%
5Y+8.48%
3Y+12.38%
1Y−5.02%
TTM+4.68%

Net profit

Net profit growth by window
10Y+10.83%
5Y−10.46%
3Y−12.85%
1Y−17.52%
TTM+85.62%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹3,406 Cr
Mar 2018₹3,421 Cr
Mar 2019₹4,180 Cr
Mar 2020₹5,465 Cr
Mar 2021₹6,331 Cr
Mar 2022₹6,061 Cr
Mar 2023₹6,700 Cr
Mar 2024₹8,848 Cr
Mar 2025₹10,012 Cr
Mar 2026₹9,509 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹758 Cr
Mar 2018₹676 Cr
Mar 2019₹949 Cr
Mar 2020₹1,480 Cr
Mar 2021₹1,725 Cr
Mar 2022₹1,329 Cr
Mar 2023₹1,500 Cr
Mar 2024₹2,197 Cr
Mar 2025₹1,204 Cr
Mar 2026₹993 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EPS
₹7.21 +15.7% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Manappuram Finance Ltd trades at ₹304.65 with a market cap of ₹28,687 Cr as of 2026-11-03, carrying a P/E of 19.08x and P/B of 1.85x. The company shows a sharp TTM profit rebound of 81% against a backdrop of weak medium-term profit growth, while ROE at 6.19% remains well below its own 10-year average of 17%.

Bull Case 7
  • TTM profit growth surged 81%, signalling a strong earnings recovery after years of contraction
  • 10-year compounded sales growth of 15% demonstrates a long track record of top-line expansion
  • Stock has delivered a 3-year CAGR of 30%, significantly outperforming its own 5-year CAGR of 10%
  • Promoter holding increased by 9.89% over the last quarter, indicating strong insider confidence
  • The company has maintained a healthy dividend payout ratio of 19.8%, providing a degree of capital return to shareholders
  • At a P/E of 19.08x, the stock trades at a level that partially reflects its TTM earnings rebound of 81% without extreme premium
  • 10-year compounded profit growth of 11% shows the business has generated reasonable long-term earnings expansion despite recent volatility
Bear Case 8
  • Current ROE stands at just 6.19% and last year's ROE was 7%, both far below the 10-year average of 17%, indicating deteriorating capital efficiency
  • ROCE of 7.22% is modest for a lending business, suggesting suboptimal deployment of total capital
  • 3-year compounded profit growth is negative at -13% and 5-year profit growth is -10%, indicating sustained medium-term earnings pressure
  • 5-year compounded sales growth of only 8% reflects sluggish top-line momentum for an NBFC operating in a growing credit market
  • Interest coverage ratio is low, which raises concerns about the company's ability to comfortably service its debt obligations during stress periods
  • 3-year average ROE of only 11.9% is weak relative to well-run NBFC peers, pointing to structural profitability challenges
  • The stock is 20.2% below its 52-week high of ₹381.55, reflecting significant selling pressure or de-rating from recent highs
  • Dividend yield of just 0.33% offers minimal income cushion for investors during periods of price weakness

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

50d ago

TL;DR: Limited news flow for Manappuram Finance this period. The ₹850 crore NCD issuance at ~9% coupon rates signals steady access to debt markets, though it reflects the higher borrowing cost environment for NBFCs. Watch for upcoming quarterly results and any RBI regulatory developments affecting gold loan NBFCs for clearer directional signals.

Neutral 1
  • ₹850 Cr NCD private placement Aug 17

    Manappuram Finance allotted ₹850 crore in NCDs via private placement across two series — 6-year at 9.05% coupon and 10-year at 9.10% coupon. This is routine debt raising to support lending operations.

Quarterly Results

₹ Cr
MANAPPURAM quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
2,030
2,161
2,305
2,348
2,488
2,633
2,560
2,360
2,262
2,273
2,353
2,614
3,034
Expenses
671
675
729
773
846
892
1,191
1,637
1,233
1,018
1,034
877
906
Financing Profit
710
796
827
796
793
835
444
−172
174
380
375
627
854
Fin. Margin %
35%
37%
36%
34%
32%
32%
17%
−7%
8%
17%
16%
24%
28%
Other Income
27
13
21
14
24
4
3
2
3
2
5.75
12
6
Interest
648
689
749
779
848
906
925
895
855
876
945
1,109
1,274
Depreciation
56
62
62
65
64
67
70
66
75
79
77
75
78
PBT
681
747
786
746
753
773
376
−236
102
302
303
564
782
Tax %
27%
25%
27%
24%
26%
26%
26%
−14%
−30%
28%
21%
28%
25%
Net Profit
498
561
575
563
557
572
278
−203
132
217
239
405
585
EPS (₹)
5.86
6.6
6.77
6.63
6.55
6.74
3.33
−2.26
1.63
2.6
2.85
4.3
6.22

Profit & Loss

₹ Cr
MANAPPURAM profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
1,988
2,369
3,406
3,421
4,180
5,465
6,331
6,061
6,700
8,848
10,012
9,509
10,275
Expenses
648
820
1,011
1,344
1,365
1,547
1,669
2,133
2,317
2,848
4,557
4,162
3,835
Financing Profit
462
601
1,225
1,047
1,469
2,086
2,443
1,916
2,195
3,134
1,913
1,561
2,236
Fin. Margin %
23%
25%
36%
31%
35%
38%
39%
32%
33%
35%
19%
16%
22%
Other Income
5
3
3
58
63
86
44
65
50
72
20
15
25
Interest
877
947
1,169
1,030
1,345
1,832
2,219
2,011
2,188
2,866
3,541
3,786
4,204
Depreciation
54
56
63
68
75
164
171
198
204
246
267
307
310
PBT
414
548
1,166
1,037
1,457
2,007
2,316
1,784
2,041
2,960
1,666
1,270
1,950
Tax %
34%
35%
35%
35%
35%
26%
26%
26%
26%
26%
28%
22%
—
Net Profit
271
355
758
676
949
1,480
1,725
1,329
1,500
2,197
1,204
993
1,445
EPS (₹)
3.23
4.2
8.98
8.04
11.16
17.37
20.37
15.7
17.67
25.86
14.37
10.68
15.97
Div. Payout %
42%
54%
17%
25%
19%
16%
10%
19%
17%
13%
28%
19%
—

Balance Sheet

₹ Cr
MANAPPURAM balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
168
168
168
169
169
169
169
169
169
169
169
188
Reserves
2,465
2,590
3,193
3,645
4,378
5,577
7,138
8,199
9,476
11,379
12,263
15,863
Borrowing
8,632
9,638
10,986
12,607
15,297
23,022
23,327
24,816
29,167
34,320
36,077
57,837
Other Liabilities
352
443
804
609
602
767
703
623
693
880
695
672
Total Liabilities
11,616
12,839
15,152
17,030
20,446
29,535
31,338
33,808
39,504
46,748
49,205
74,559
Fixed Assets
206
230
222
310
367
803
926
1,052
1,094
1,070
1,134
1,057
CWIP
1
0
1
0
1
3
8
13
17
33
11
27
Investments
217
49
5
5
174
90
338
421
534
726
790
2,051
Other Assets
11,193
12,560
14,925
16,715
19,904
28,639
30,066
32,322
37,860
44,918
47,269
71,424
Total Assets
11,616
12,839
15,152
17,030
20,446
29,535
31,338
33,808
39,504
46,748
49,205
74,559

Cash Flow

₹ Cr
MANAPPURAM cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−888
−1,042
−1,271
−33
−1,661
−3,620
−619
−423
−3,103
−3,450
−467
−20,238
Investing
649
72
−25
−148
−371
26
−186
−193
−616
−601
−125
−1,632
Financing
265
772
1,211
293
2,388
6,049
59
438
3,849
4,092
1,132
23,834
Net Cash Flow
26
−198
−84
112
356
2,455
−747
−177
130
41
541
1,965
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

Ratios

MANAPPURAM financial ratios, annual
Particulars 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Manappuram Finance insights

53 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 41.66%
  • FIIs 21.04%
  • DIIs 17.55%
  • Public 14.71%
  • Others 5.05%

0.44% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Manappuram Finance

What does Manappuram Finance Ltd do?
Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).
Where is Manappuram Finance Ltd (MANAPPURAM) listed?
Manappuram Finance Ltd trades as MANAPPURAM on the NSE and under code 531213 on the BSE.
Which sector does Manappuram Finance Ltd belong to?
Manappuram Finance Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the PE ratio of Manappuram Finance Ltd?
Manappuram Finance Ltd trades at a PE ratio of 19.67 as of 4 Nov 2026, on earnings per share of ₹15.97, against a book value of ₹165.04 per share.
What is the 52-week high and low of Manappuram Finance Ltd?
Over the last 52 weeks Manappuram Finance Ltd has traded between ₹245.15 and ₹381.55 as of 4 Nov 2026.
Does Manappuram Finance Ltd pay dividends?
Manappuram Finance Ltd has a dividend yield of 0.33%.
What is the Return on Equity (ROE) of Manappuram Finance Ltd?
Manappuram Finance Ltd reported a return on equity of 6.97%. Its debt-to-equity ratio is 3.60.

Company Information

Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).

Website manappuram.com
CEO Mr. Vazhappully Padmanabhan Nandakumar M.Sc
Employees 24,650
Listed 6 Nov 1996
Face Value ₹2

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/MANAPPURAM.md for Manappuram Finance Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More NBFC & Finance stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month