Manba Finance

Quick check

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

• DebtAdequate safetyRated A- by 2 agencies.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 39% and profit rose 30% from a year earlier.
• DilutionRaise plannedNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 75% of the company, about the same as in Jun 2025.
• ValuationCheap vs its pastThe share trades at 14.3 times its yearly earnings (P/E), cheaper than 80% of the time in the last 2 years. Its usual P/E is about 17.

Manba 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)14.3 against a typical 22.5: cheaper than most peers (1st = cheapest).103rd of 284
• Sales growth+38.8% against a typical +18.3% from a year earlier.94th of 259
• Profit growth+30% against a typical +20.2% from a year earlier.89th of 214
• Share price, 3 months+7.6% against a typical −4.5%.67th of 258
• Size₹ 711.7 Cr. market value against a typical ₹ 43 Cr. (1st = largest).40th of 269

Exchange filings and their impact on the company.

• 27 Oct 2026Outcome of Board MeetingMedium impactPositivePrice +4.3% that day
  Strong Q2 with 26% revenue and 21% profit growth and better asset quality keeps 20%+ earnings growth on track.

  Manba Finance reported Q2 FY27 revenue of Rs 97.7 crore, up 26% year-on-year, and net profit of Rs 13.7 crore, up 21%, with half-year profit up 28% to Rs 27 crore. Asset quality improved with gross Stage-3 at 2.96% versus 3.52% last year. The board also declared a second interim dividend of Rs 0.25 per share and approved raising up to Rs 200 crore via NCDs to support loan growth.

  Full analysisFiling
• 23 Oct 2026General UpdatesHigh impactPositivePrice +0.3% that day
  Manba Finance to raise ~Rs 100 cr via preferential shares and warrants at Rs 135, lifting net worth by ~24%.

  Manba Finance has appointed CARE Ratings as monitoring agency for its preferential issue of 50 lakh equity shares and 24.07 lakh convertible warrants at Rs 135 each, totalling about Rs 100 cr. The appointment was made even though the size is below the regulatory threshold, at the stock exchanges' request during in-principle approval. The funds will boost the lender's equity base to support loan growth.

  Full analysisFiling
• 13 Oct 2026Allotment of SecuritiesLow impactPositivePrice −1% that day
  Allotted Rs 60 cr of 10.5% secured NCDs to fund loan-book growth.

  Manba Finance allotted 60,000 secured, rated, redeemable non-convertible debentures of Rs 10,000 each totalling Rs 60 crore on private placement on October 12, 2026. The NCDs carry 10.50% coupon, 27-month tenure maturing January 12, 2029, with monthly principal and interest payments and 1.10x cover over hypothecated receivables. The funds add about 4% to borrowings to support loan-book growth, with limited near-term profit impact after interest costs.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Jay Khushal Mota

Chief Financial Officer, Whole Time Director

Manish Kiritkumar Shah

Managing Director, Executive Director

Monil Manish Shah

Whole Time Director, Chief Business Officer

Nikita Manish Shah

Whole Time Director, Head - Business Development

Bhavisha Ashish Jain

Company Secretary