Manappuram Finance Ltd logo

Manappuram Finance Ltd

MANAPPURAM NSE

Key Fundamentals

SmallcapNBFCFinancial Services
Market Cap
₹34,511 Cr
Volatility
Moderate
P/E Ratio
23.01
EBITDA
₹5,362 Cr
Return on Equity
6.19%
Debt to Equity
3.3
Book Value
₹165.04
EPS
₹26.55
52W High
₹381.55
52W Low
₹245.15

Insights

Beta

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

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35 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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

Technical Indicators

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.

Growth Rate

Revenue Growth
-5.05% ↘
Net Income Growth
-17.50% ↘
Cash Flow Change
-4237.55% ↘
ROE
-35.99% ↘
ROCE
-33.09% ↘
EBITDA Margin (Avg.)
3.17% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk high

Manappuram Finance Ltd has a market cap of ₹32,726 Cr trading at a P/E of 22.1x and P/B of 2.06x. The company posted strong TTM profit growth of 81% but carries a weak 5-year compounded profit CAGR of -10% and a declining ROE trajectory from 17% (10-year) to 7% (last year).

Bull Case 8
  • TTM profit growth of 81% indicates a sharp earnings recovery in the most recent period
  • Stock CAGR of 32% over 3 years reflects strong market re-rating and investor confidence
  • Promoter holding increased by 9.89% over the last quarter, signaling insider confidence
  • 10-year compounded sales growth of 15% demonstrates long-term revenue scalability
  • 10-year compounded profit growth of 11% shows the business has generated earnings over a full cycle
  • P/B ratio of 2.06x is reasonable for an NBFC with a gold loan franchise of this scale
  • Company maintains a healthy dividend payout ratio of 19.8%, providing some income support
  • 1-year stock CAGR of 28% suggests continued momentum in recent market sentiment
Bear Case 8
  • ROE has declined sharply from 17% (10-year average) to just 7% in the last year, indicating deteriorating capital efficiency
  • 5-year compounded profit CAGR is -10%, showing sustained earnings pressure over the medium term
  • 3-year compounded profit CAGR of -13% reflects a prolonged earnings decline before the recent TTM recovery
  • 5-year compounded sales growth of only 8% is weak for a mid-cap NBFC in a growing credit market
  • Low interest coverage ratio raises concerns about debt servicing ability in a rising rate environment
  • 3-year ROE average of only 12% is below cost of equity expectations for a leveraged financial services firm
  • Dividend yield of just 0.29% offers negligible income cushion for investors
  • TTM sales growth of only 5% suggests current revenue momentum is sluggish despite the profit recovery

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 1
  • AUM hits ₹63,798 crore Aug 12

    Consolidated AUM reached ₹63,798 crore and gold loan portfolio grew to ₹50,953 crore in FY26, highlighted at the 34th AGM by Chairman V. P. Nandakumar.

Neutral 2
  • ₹850 crore NCD allotment Aug 17

    Allotted ₹850 crore in NCDs via private placement in two series (6-year at 9.05% and 10-year at 9.10% coupon), indicating ongoing debt fundraising.

  • Analyst meet and earnings call Aug 12

    Participating in Motilal Oswal 22nd Annual Global Investor Conference on Aug 17 and hosting Q1 FY27 earnings call on Aug 11 at 5:00 PM IST.

TL;DR: Manappuram Finance shows strong gold loan-led growth with AUM crossing ₹63,798 crore. No visible headwinds in recent news flow. The ₹850 crore NCD raise at ~9% coupon suggests stable access to debt markets. Outlook appears steady heading into Q1 FY27 results, with investor engagement events signalling management confidence.

Quarterly Results

  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
2,361
2,262
2,273
2,354
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
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
564
557
572
278
-203
132
217
239
405
585
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

  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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

  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
Figures in ₹ Crores

Cash Flow

  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
Figures in ₹ Crores

Ratios

  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%

Shareholding Pattern

As of Jun 2026
Promoters 41.66%
FIIs 22.30%
Public 15.56%
DIIs 14.85%
Others 5.63%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026Jun 2026
Promoters
34.99%
34.99%
35.05%
35.06%
35.06%
35.15%
35.18%
35.20%
35.20%
35.20%
35.20%
35.20%
35.20%
35.24%
35.25%
35.25%
35.25%
35.25%
35.25%
35.25%
31.77%
41.66%
41.66%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
31.99%
33.00%
30.36%
27.01%
28.42%
29.71%
30.16%
28.77%
23.23%
23.42%
22.30%
DIIs
8.12%
10.18%
12.59%
13.44%
15.06%
12.71%
11.47%
11.57%
12.85%
10.68%
11.07%
10.87%
9.50%
9.34%
10.97%
7.88%
8.00%
8.62%
9.17%
11.14%
12.97%
12.96%
14.85%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
13.86%
14.10%
13.11%
12.44%
16.06%
19.19%
20.78%
19.60%
17.94%
18.23%
19.14%
18.27%
18.73%
17.70%
18.69%
22.94%
20.51%
19.22%
18.61%
18.01%
16.31%
16.02%
15.56%
Others
43.03%
40.73%
39.25%
39.06%
33.81%
32.95%
32.57%
33.62%
34.01%
35.88%
34.59%
35.66%
4.58%
4.71%
4.73%
6.92%
7.82%
7.19%
6.81%
6.82%
15.72%
5.94%
5.63%
No. of Shareholders
2,14,395
2,31,395
2,56,307
2,61,476
3,46,543
4,06,937
4,22,087
4,00,372
3,90,490
3,70,993
3,50,710
3,85,117
4,37,488
4,52,090
5,74,726
6,66,703
6,26,137
5,99,501
5,65,794
5,51,927
5,54,164
5,47,762
5,26,798

Documents

Frequently Asked Questions about Manappuram Finance Ltd

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).(Source : 202003 Annual Report Page No:120)
Where is Manappuram Finance Ltd (MANAPPURAM) listed?
Manappuram Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: MANAPPURAM and BSE: 531213. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Manappuram Finance Ltd belong to?
Manappuram Finance Ltd operates in the Financial Services sector within the NBFC industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Manappuram Finance Ltd?
Manappuram Finance Ltd has a market capitalisation of approximately ₹34511.21 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Manappuram Finance Ltd?
The Price-to-Earnings (PE) ratio of Manappuram Finance Ltd is 23.01. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Manappuram Finance Ltd?
Over the past 52 weeks, Manappuram Finance Ltd has traded between a low of ₹245.15 and a high of ₹381.55. This range helps investors understand the stock's price volatility and recent trading levels.
Does Manappuram Finance Ltd pay dividends?
Yes, Manappuram Finance Ltd has a dividend yield of 0.27%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Manappuram Finance Ltd?
Manappuram Finance Ltd has a Return on Equity (ROE) of 6.19%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Manappuram Finance Ltd on Tapetide?
On Tapetide, you can view Manappuram Finance Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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).(Source : 202003 Annual Report Page No:120)

Website manappuram.com
CEO Mr. Vazhappully Padmanabhan Nandakumar M.Sc
Employees 24,650
Listed 1996-11-06
Face Value ₹ 2
Issued Size 84,64,34,729

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