Manappuram Finance Limited
₹289.00-₹11.95 (-4.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹26,070 Cr
- P/E
- 15.9x
- Revenue
- ₹6,906 Cr
- ROCE
- 20.9%
Price chart
Technical chartScreen technicals →+5.1% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.9%
- 3M
- -21.5%
- 6M
- -1.9%
- 1Y
- +5.1%
- 5Y
- +38.9%
52-week range
Day change -₹11.95 (-4.0%) from ₹301 to ₹289 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MANAPPURAM, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 15.1%
Concerns1
- Negative free cash flow (₹2797 Cr)
Rule-based from financial data. Not advice.
About the company
Manappuram Finance Limited, a gold loan non-banking financial company, provides fund-based and fee-based financial services in India. It offers loans, such as gold, doorstep gold, online gold, vehicle, business, digital personal, and corporate loans; financing products, including two-wheeler finance, and micro home finance.
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Manappuram Finance Limited, a gold loan non-banking financial company, provides fund-based and fee-based financial services in India. It offers loans, such as gold, doorstep gold, online gold, vehicle, business, digital personal, and corporate loans; financing products, including two-wheeler finance, and micro home finance. The company also provides foreign exchange money transfer, digital wallet, and other services, such as depository services, demat account, and pan card services. In addition, it offers financing services for construction equipment and farm equipment. The company was formerly known as Manappuram General Finance and Leasing Limited and changed its name to Manappuram Finance Limited in 2011. Manappuram Finance Limited was founded in 1949 and is based in Thrissur, India.
- Sector
- Financial Services
- Shares outstanding
- 84.6 Cr shares
- ISIN
- INE522D01027
- BSE code
- 531213
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹26,070 Cr
- P/E
- 15.9x
- P/B
- 2.1x
- Earnings yield
- 6.3%
- 52-week high
- ₹371.55
- 52-week low
- ₹250.95
Profitability
- ROE
- 15.1%
- ROCE
- 20.9%
- Dividend payout
- 17.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 1.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹6,906 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.2%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹25.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 108.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹2,863 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 811.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,260 Cr
Solvency and efficiency
- CFO / Net profit
- -1.73
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹26 was left as net profit.
| From | To | Amount |
|---|---|---|
| Revenue | Interest paid | ₹2,376 Cr |
| Revenue | Expenses | ₹1,961 Cr |
| Revenue | Financing profit | ₹2,569 Cr |
| Financing profit | Depreciation | ₹201 Cr |
| Financing profit | Profit before tax | ₹2,368 Cr |
| Other income | Profit before tax | ₹28 Cr |
| Profit before tax | Tax and other | ₹613 Cr |
| Profit before tax | Net profit | ₹1,783 Cr |
Revenue and net profit
Revenue grew 18.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹5,172 Cr | ₹1,698 Cr |
| FY2022 | ₹4,563 Cr | ₹1,305 Cr |
| FY2023 | ₹4,815 Cr | ₹1,266 Cr |
| FY2024 | ₹5,830 Cr | ₹1,658 Cr |
| FY2025 | ₹6,906 Cr | ₹1,783 Cr |
Cash flows
FY2025: -₹2,734 Cr from operations, -₹2,797 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹150 Cr | -₹111 Cr |
| FY2022 | -₹112 Cr | -₹230 Cr |
| FY2023 | -₹314 Cr | -₹578 Cr |
| FY2024 | -₹2,863 Cr | -₹3,170 Cr |
| FY2025 | -₹2,734 Cr | -₹2,797 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹6,906 Cr+18.5%1Y
- Net profit
- ₹1,783 Cr+7.5%1Y
- Cash from operations
- -₹2,734 Cr
- Free cash flow
- -₹2,797 Cr
- Revenue CAGR, 5Y
- 6.2%
- EBITDA CAGR, 5Y
- -9.4%
- Net profit CAGR, 5Y
- 6.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹6,906 Cr | ₹2,569 Cr | — | ₹1,783 Cr | -₹2,734 Cr | -₹2,797 Cr | — | +18.5% | +7.5% |
Monthly returns
Month-by-month returns of MANAPPURAM across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹39,836 Cr |
| Equity capital | ₹169 Cr |
| Reserves | ₹11,624 Cr |
| Borrowings | ₹27,570 Cr |
| Other liabilities | ₹473 Cr |
| Assets | ₹39,836 Cr |
| Fixed assets | ₹852 Cr |
| Capital work in progress | ₹11 Cr |
| Investments | ₹1,822 Cr |
| Other assets | ₹37,150 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MANAPPURAM trades at 15.9x earnings against a peer median of 26.9x (a 41% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Manappuram Finance LimitedMANAPPURAMthis companyP/E ↓ discount | ₹26,070 Cr | 15.9x | 2.1x | 15.1% | — |
| Lic Housing Finance Ltd.LICHSGFIN | ₹28,667 Cr | 5.2x | 0.7x | 15.0% | — |
| IIFL FINANCE LIMITEDIIFL | ₹27,083 Cr | 68.1x | 3.9x | -6.3% | — |
| Star Health and Allied Insurance Company LimitedSTARHEALTH | ₹26,410 Cr | 49.5x | 3.5x | 9.2% | 22.3x |
| Anand Rathi Wealth LimitedANANDRATHI | ₹26,202 Cr | 72.4x | 31.5x | 42.0% | 81.7x |
| Nuvama Wealth Management LimitedNUVAMA | ₹25,811 Cr | 51.4x | 12.9x | 30.9% | 103.2x |
| PNB Housing Finance LimitedPNBHOUSING | ₹25,224 Cr | 11.5x | 1.4x | 11.6% | — |
| The New India Assurance Company LimitedNIACL | ₹24,649 Cr | 21.4x | 0.9x | 3.5% | 13.1x |
| Aditya Birla Sun Life AMC LimitedABSLAMC | ₹23,756 Cr | 24.5x | 6.7x | 25.0% | 22.9x |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
MANAPPURAM since 1 January, against earlier years.
Historical volatility
MANAPPURAM's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 46.0% |
| FY2022 | 41.0% |
| FY2023 | 39.0% |
| FY2024 | 41.0% |
| FY2025 | 37.0% |
| Line | FY2025 |
|---|---|
| Revenue | ₹6,906 Cr |
| Costs | |
| Interest | ₹2,376 Cr |
| Expenses | ₹1,961 Cr |
| Financing profitFinancing Profit | ₹2,569 Cr |
| Financing marginFinancing Margin % | 37.0% |
| Other income and charges | |
| Profit before tax | ₹2,396 Cr |
| Tax | |
| Net profitNet Profit | ₹1,783 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹39,836 Cr |
| Equity capitalEquity Capital | ₹169 Cr |
| Reserves | ₹11,624 Cr |
| BorrowingsBorrowing | ₹27,570 Cr |
| Other liabilitiesOther Liabilities | ₹473 Cr |
| AssetsTotal Assets | ₹39,836 Cr |
| Fixed assetsFixed Assets | ₹852 Cr |
| Capital work in progressCWIP | ₹11 Cr |
| Investments | ₹1,822 Cr |
| Other assetsOther Assets | ₹37,150 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹2,734 Cr |
| Investing cash flowCash from Investing Activity | -₹63 Cr |
| Financing cash flowCash from Financing Activity | ₹4,057 Cr |
| Change in cashNet Cash Flow | ₹1,260 Cr |
Learn while you research
Academy chapters picked for Manappuram Finance Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read