Minerva Capital Research Solutions

Manappuram Finance

NSE: MANAPPURAMBSE: 531213
Compare with peers
₹ 288.75▲ 2.3 (+0.8%)28 Oct, 03:28 pm IST
Market cap
₹ 26,893 Cr.
P/E
18.7x
P/B
1.77x
52-week range
245.15 – 381.55
ROE
7%
Dividend yield
0.8%
Debt / equity
3.6
Sector
Finance
Industry
Non Banking Financial Company (NBFC)
Listed on
NSE, BSE

About

Manappuram Finance Limited is an India-based non-banking financial company (NBFC). The Company's provides housing finance solutions, primarily to first-time homebuyers, including self-employed individuals and those with informal income, across semi-urban and rural areas of India. It maintains a diversified lending portfolio covering residential and commercial properties, with specified loan-to-value (LTV) limits. Its products include Gold Loan, Online Gold Loan, Vehicle Loan, Two-Wheeler Finance, Balance Transfer and Top-Up, Business Loan, Home Improvement Loan, Housing Loan, Loans to Salaried Employees, Property Loans, Forex & Money Transfer, Corporate Loan, MAkash - Digital Wallet, Co-lending Arrangements, Income Generating Loan and other services. The Company's subsidiaries are Manappuram Home Finance Limited, Manappuram Insurance Brokers Limited, Asirvad Microfinance Ltd, Manappuram Comptech and Consultant Ltd.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Non Banking Financial Company (NBFC): 288 companies →

Manappuram Finance against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)18.7 against a typical 22.5: cheaper than most peers (1st = cheapest).122nd of 284
  • Sales growth+34.1% against a typical +18.3% from a year earlier.104th of 259
  • Profit growth+343.2% against a typical +20.2% from a year earlier.13th of 214
  • Share price, 3 months−22% against a typical −4.2%.221st of 258
  • Size₹ 26,893.2 Cr. market value against a typical ₹ 43 Cr. (1st = largest).11th of 269

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA by 2 agencies
AA
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
CARECARE AAStable29 Sep 2026
CRISILCrisil AAStable1 Sep 2026
BrickworkWithdrawn-2 Jul 2026
Credit rating actions
RatingDetails
29 Sep 2026
New rating
CARE AA—CARE₹ 3,000 Cr.
1 Sep 2026
Reaffirmed
Crisil AA—CRISIL₹ 26,854.53 Cr.
31 Jul 2026
Reaffirmed
Crisil AA—CRISIL₹ 26,854.53 Cr.
2 Jul 2026
Withdrawn
——Brickwork₹ 20.48 Cr.
1 Jul 2026
Withdrawn
was CARE AA—CARE₹ 36,025 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
11 Aug 2026Financial Results/Dividend/Fund Raising/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026, interim dividend, Fund Raising and other business matters
23 Jun 2026Fund RaisingTo consider Fund Raising
4 May 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
30 Mar 2026Fund Raising/Other business mattersTo consider Fund Raising and other business matters
29 Jan 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025, dividend and other business matters
30 Oct 2025Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025, dividend and other business matters

Share price

1Y change +4.47%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.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 Rs6.66.776.636.556.743.33−2.261.632.62.854.36.22

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
15%
5 Years
8%
3 Years
12%
TTM
5%
Compounded Profit Growth
10 Years
11%
5 Years
−10%
3 Years
−13%
TTM
81%
Stock Price CAGR
10 Years
15%
5 Years
17%
3 Years
33%
TTM
—
Return on Equity
10 Years
17%
5 Years
13%
3 Years
12%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
41.66%
+6.41 pts in a year
FIIs
22.3%
−7.41 pts in a year
DIIs
14.85%
+6.24 pts in a year
Public
21.2%
−5.21 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 18.7xEPS (12 months) ₹ 15.97Median P/E 11.9x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Manappuram Finance₹ 288.75₹ 26,893 Cr.18.7x1.8x7%—
Bajaj Finance₹ 927.00₹ 5,77,146 Cr.25x5.8x18.1%23.7%
Shriram Finance₹ 867.00₹ 2,04,004 Cr.13.9x3x16.4%20.9%
Jio Financial Services₹ 205.00₹ 1,35,364 Cr.95.5x1.2x—49.8%
Tata Capital₹ 307.05₹ 1,30,358 Cr.20.5x3.3x12.3%16%
Power Finance Corporation₹ 316.00₹ 1,04,283 Cr.5.4x1x20.7%29.1%

Management

Vazhappully Padmanabhan Nandakumar
Executive Chairman of the Board, Managing Director
Deepak Reddy
Chief Executive Officer
Buvanesh Tharashankar
Group Chief Financial Officer
Aparna Menon
Company Secretary and Compliance Officer
Sumitha Nandan
Executive Director

Prices are delayed and for information only. Nothing on this page is investment advice.