Manappuram Finance Ltd

₹314▼ -5.99%28 Sept

📊 Stock Analysis

Market Data

Market Cap₹29,495.15 Cr.

52W High₹381.4

Current Price₹314

52W Low₹245.1

Down from 52W High17.7 %

Face Value₹2

Performance

ROCE8.46 %

ROE9.35 %

EPS (TTM)₹6.23

EPS Prev Qtr₹4.77

EPS Last Year₹2.57

EBITDA Qtr₹775.65 Cr.

Book Value₹165

Financial Health

Debt/Equity3.69

Debt/Profit39.6

Total Assets₹74,559.33 Cr.

Dividend Yield0.8 %

Promoter Holding41.66 %

Earning Power2.58 %

Valuation

Stock P/E19.16

Industry P/E18.22

Price to Book1.9

Price to Sales2.87

Graham Number₹246.87

Key Metrics

Book Value

₹176.2

Capital Adequacy %

21.29%

Debt/Equity

3.23

__derived

Dividend/Share

₹0.5

Face Value

₹2

Gross NPA %

1.6%

Net Interest Income

₹1,436 Cr

Net NPA %

1.1%

Provision Coverage %

28.7%

ROE %

14.3%

About Manappuram Finance Ltd

Financial Services · Finance

Manappuram Finance Ltd is listed on NSE in the Financial Services / Finance sector. Face value ₹2. Market cap ₹29,495.15 Cr.

Price Chart

Strengths & Weaknesses

Strengths

Capital Adequacy Ratio of 21.29% exceeds regulatory requirements, indicating strong capital position.
Gross NPA of 1.6% and Net NPA of 1.1% reflect healthy asset quality for a finance company.
Provision Coverage Ratio of 28.7% suggests adequate reserves against potential defaults.
Net Interest Income of ₹1,759 Cr shows substantial core banking revenue generation.

Weaknesses

Debt to Equity ratio of 3.69 indicates relatively high leverage risk.
ROCE of 8.46% and ROE of 9.32% suggest moderate return generation compared to capital employed.
Dividend yield of 0.76% is low, indicating limited income potential for investors.

Peer Comparison

Name	CMP	P/E	Market Cap	Div Yield	NP Qtr	Qtr Profit Var%	Sales Qtr	Qtr Sales Var%	ROCE%	Debt/Eq
Bajaj Finance Ltd	-	30.16	₹6,13,256.5 Cr	0.61%	₹20,647.67 Cr	-	₹85,963.63 Cr	-	10.43%	3.82
Bajaj Finserv Ltd	-	27.52	₹2,80,096.25 Cr	0.09%	₹20,636.97 Cr	-	₹1,57,641.68 Cr	-	11.43%	5.5
Shriram Finance Ltd	-	17.28	₹2,30,350.39 Cr	1.1%	₹11,295.71 Cr	-	₹49,997.06 Cr	-	11.48%	3.8
ICICI Prudential Asset Management Co Ltd	-	31.77	₹1,58,506.24 Cr	-	₹3,485.73 Cr	-	₹6,040.44 Cr	-	111.52%	0
Jio Financial Services Ltd	-	68.4	₹1,45,434.19 Cr	0.27%	₹2,066.49 Cr	-	₹4,905.27 Cr	-	2.33%	0.17
Cholamandalam Investment & Finance Company Ltd	-	24.17	₹1,39,794.37 Cr	0.12%	₹5,751 Cr	-	₹32,662.59 Cr	-	9.35%	6.93
Tata Capital Ltd	-	25.45	₹1,39,274.15 Cr	0.17%	₹5,478.16 Cr	-	₹32,695.45 Cr	-	8.42%	5.28
Bajaj Holdings & Investment Ltd	-	13.63	₹1,20,749.01 Cr	1.8%	₹8,993.16 Cr	-	₹1,139.25 Cr	-	12.4%	0
Muthoot Finance Ltd	-	9.76	₹1,11,046.18 Cr	1.08%	₹11,457.46 Cr	-	₹33,430.7 Cr	-	14.43%	3.88
Power Finance Corporation Ltd	-	4.18	₹1,08,952.86 Cr	5.62%	₹33,641.82 Cr	-	₹1,15,431.43 Cr	-	9.81%	7.62
SBI Funds Management Ltd	-	-	₹1,06,475.16 Cr	-	-	-	-	-	-	0
Aditya Birla Capital Ltd	-	25.05	₹1,04,186.93 Cr	-	₹4,118.85 Cr	-	₹48,185.84 Cr	-	8.39%	5.2
Indian Railway Finance Corporation Ltd	-	14.28	₹1,02,653.11 Cr	1.34%	₹7,190.69 Cr	-	₹28,630.42 Cr	-	5.78%	7.69
HDFC Asset Management Company Ltd	-	26.91	₹98,766 Cr	2.34%	₹2,947.64 Cr	-	₹4,253.73 Cr	-	41.46%	0
REC Ltd	-	4.99	₹79,918.35 Cr	6.11%	₹16,035.21 Cr	-	₹59,202.49 Cr	-	9.42%	6.09
L&T Finance Ltd	-	22.07	₹70,266.92 Cr	0.98%	₹3,198.02 Cr	-	₹18,897.97 Cr	-	8.23%	3.93
Nippon Life India Asset Management Ltd	-	42.74	₹70,191.49 Cr	1.96%	₹1,635.54 Cr	-	₹2,869 Cr	-	45.49%	0
Bajaj Housing Finance Ltd	-	25.54	₹68,733.43 Cr	-	₹2,692.32 Cr	-	₹11,604.2 Cr	-	8.35%	4.6
SBI Cards & Payment Services Ltd	-	24.73	₹56,249.93 Cr	0.42%	₹2,275.15 Cr	-	₹20,063.29 Cr	-	10.14%	2.8
HDB Financial Services Ltd	-	23.24	₹52,882.54 Cr	0.16%	₹2,175.9 Cr	-	₹16,300.3 Cr	-	9.03%	5.52

Quarterly Results

📊 Jun 2026: Revenue grew 33.5% YoY, Profit grew 341.3% YoY

	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,272.46	2,273.39	2,354.11	2,613.83	3,034.16
↳ QoQ Growth	-	+0.0%	+3.6%	+11.0%	+16.1%
Expenses	2,173.47	1,973.29	2,056.03	2,061.77	2,258.51
Operating Profit	98.99	300.1	298.08	552.06	775.65
OPM %	4.36%	13.2%	12.66%	21.12%	25.56%
Other Income	2.55	1.9	4.78	11.75	6.17
Interest	855.28	875.63	945.21	1,109.49	1,273.96
Depreciation	74.78	79.46	77.24	75.09	78.41
EBITDA	173.77	379.56	375.32	627.15	854.06
EBITDA Margin %	7.65%	16.7%	15.94%	23.99%	28.15%
Profit Before Tax	101.54	302	302.86	563.81	781.82
Tax %	-30.49%	28.04%	21.23%	28.2%	25.2%
Net Profit	132.5	217.31	238.56	404.79	584.77
↳ QoQ Growth	-	+64.0%	+9.8%	+69.7%	+44.5%
EPS	1.56	2.57	2.82	4.77	6.23

Profit & Loss

	Mar 2026	TTM
Sales	9513.79	10275.49
Expenses	8264.56	8349.6
Operating Profit	1249.23	1925.89
OPM %	13.13%	18.74%
Other Income	20.98	24.6
Interest	3785.61	4204.29
Depreciation	306.57	310.2
Profit Before Tax	1270.21	1950.49
Tax %	21.81%	25.89%
Net Profit	993.16	1445.43
EPS	11.72	16.39

Compounded Sales Growth

10Y

TTM

Compounded Profit Growth

10Y

TTM

Stock Price CAGR

10Y

11.17%

Return on Equity

10Y

Last Year

9.32%

Balance Sheet

	Mar 2025	Mar 2026
Equity Capital	169.29	187.867
Reserves	12262.9	15314.756
Borrowings	36077.05	57246.17
Other Liabilities	695.41	1810.54
Total Liabilities	49204.65	74559.33
Fixed Assets	1045.53	1057.161
CWIP	11.47	26.876
Investments	789.89	2051.34
Other Assets	47357.76	71423.95
Total Assets	49204.65	74559.33