Manappuram Finance Ltd logo

Manappuram Finance Ltd

MANAPPURAM NSE

Key Fundamentals

SmallcapNBFCFinancial Services
Market Cap
₹32,877 Cr
Volatility
Moderate
P/E Ratio
21.82
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

Log in to view Manappuram Finance Ltd insights

35 extracted metrics + investor summaries across FY15–FY26.

Log in — free

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 10h ago
AI opinion · based on fundamentals
Risk high

Manappuram Finance Ltd has a market cap of ₹32,877 Cr with a PE of 23x and PB of 2.14x. The company saw TTM profit growth of 81% but 5-year compounded profit has declined at -10% CAGR, while sales growth remains modest at 8% over five years. Promoter holding increased 9.89% in the last quarter, signaling insider confidence amid a period of recovering profitability.

Bull Case 7
  • TTM profit growth of 81% indicates a sharp recovery in earnings after a period of contraction
  • Promoter holding increased by 9.89% over the last quarter, reflecting strong insider confidence
  • Stock CAGR of 38% over 1 year and 34% over 3 years demonstrates sustained market re-rating
  • 10-year compounded sales growth of 15% shows long-term revenue scalability of the gold loan franchise
  • 10-year average ROE of 17% indicates historically strong capital efficiency in the lending business
  • Healthy dividend payout ratio of 19.8% provides a degree of shareholder return even through cycles
  • 10-year compounded profit growth of 11% demonstrates the company's ability to compound earnings over full cycles
Bear Case 8
  • 5-year compounded profit CAGR of -10% reflects a prolonged period of earnings deterioration
  • 3-year compounded profit CAGR of -13% shows recent multi-year earnings contraction preceding the TTM recovery
  • Low interest coverage ratio raises concerns about debt servicing capacity in a rising rate environment
  • 5-year sales growth of only 8% is poor for an NBFC in a growing credit market
  • 3-year ROE of only 12% and last year ROE of 7% are well below the 10-year average of 17%, indicating structural return compression
  • Dividend yield of just 0.28% offers minimal income cushion for investors
  • TTM sales growth of only 5% suggests top-line momentum is decelerating compared to the 3-year CAGR of 12%
  • PE of 23x is elevated relative to the low single-digit sales growth and compressed ROE of 7% last year

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

AI News Digest

Anthropic anthropic claude-opus-4.6 4h ago
Headwinds 1
  • Director re-appointment faces dissent Aug 13

    Dr. Sumitha Nandan's re-appointment passed with 87.57% votes at the 34th AGM on Aug 12, with notable dissent from public institutions indicating governance concerns.

Positives 2
  • Strong AUM and shareholder support Aug 13

    FY26 AUM reported at ₹63,798 crore at the 34th AGM. Financial statements approved with 99.99% shareholder support.

  • Analyst conference participation Aug 12

    Manappuram will participate in Motilal Oswal's 22nd Annual Global Investor Conference on Aug 17 with group and one-to-one sessions, signaling active institutional engagement.

Neutral 2
  • Q1 FY27 earnings call scheduled Aug 5

    Investor earnings call for Q1 FY27 hosted on Aug 11, 2026 at 5:00 PM IST covering results and business outlook.

  • 34th AGM held in Kerala Jul 21

    34th AGM scheduled and held on Aug 12, 2026 at Latha Convention Centre, Thrissur, Kerala with remote e-voting from Aug 8–11.

TL;DR: Manappuram Finance shows solid fundamentals with FY26 AUM of ₹63,798 crore and near-unanimous shareholder approval of financials. The minor governance flag is the 12.4% dissent on a director re-appointment from institutional investors. Active participation in investor conferences suggests management confidence. Overall a quiet period with no major operational headwinds, though governance scrutiny bears watching.

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 ₹32876.76 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 21.82. 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 0.28%. 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

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List