Skip to main content
Swing Capital

Manappuram Finance Ltd

NSE: MANAPPURAM BSE: 531213Banking

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)

₹306
52W: ₹227 — ₹322
PE 17 · Book ₹188 · +63% vs book
Market Cap₹25,935 Cr
Stock P/E17Price to Earnings
ROCE9.53%Return on Capital
ROE11%Return on Equity
Div. Yield1.12%Face Value ₹2

Strengths

  • +Company has been maintaining a healthy dividend payout of 17.1%

Weaknesses

  • −Company has low interest coverage ratio.
  • −Promoter holding has decreased over last quarter: -3.48%
  • −Working capital days have increased from 28.8 days to 87.2 days

Shareholding Pattern

Promoters31.77%
FIIs23.23%
DIIs12.96%
Public32.03%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters35.24%35.25%▲0.035.25%35.25%35.25%35.25%35.25%31.77%▼3.5
FIIs33%30.36%▼2.627.01%▼3.328.43%▲1.429.71%▲1.330.16%▲0.428.78%▼1.423.23%▼5.6
DIIs9.34%10.97%▲1.67.88%▼3.17.99%▲0.18.61%▲0.69.17%▲0.611.15%▲2.012.96%▲1.8
Public22.42%23.41%▲1.029.84%▲6.428.33%▼1.526.41%▼1.925.41%▼1.024.84%▼0.632.03%▲7.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses415416456465509532519571590676
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit429428441475453414392376381376
EPS ₹5.065.065.215.615.364.94.634.444.54.44

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹26Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 12.96% (+2.31pp change). FIIs: 23.23% (-7.50pp change). Promoters hold 31.77%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 17x with 9.53% ROCE. Price is 63% above book value of ₹188. Dividend yield: 1.12%.

Recent Announcements