Manappuram Finance Limited

BSE: MANAPPURAM531213ISIN INE522D01027

Financial Services
Non Banking Financial Company (NBFC)
BSE 500

Share price

₹314.00+9.00 (+2.95%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹381.40
52W low: ₹245.10
Off 52W high: -17.67%
1M return: +0.64%
3M return: -14.67%
6M return: +1.34%
1Y return: +17.85%
20D avg volume: 2,01,708
50 DMA: ₹320.04
200 DMA: ₹310.53

Key ratios Consolidated

Market cap: ₹29,495 Cr
Current price: ₹314.00
52W high / low: ₹381.40 / ₹245.10
Face value: ₹2.00
P/E: 20.41
P/B: 1.84
EPS (TTM): ₹15.39
Book value / share: ₹170.87
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 2.89
Net debt: ₹41,347 Cr
Interest cover: 1.34
Dividend yield: 0.80%
Dividend / share (TTM): ₹2.50
Payout: 16.24%
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	3,034	2,614	2,353	2,283	2,262	2,360	2,560	2,633	2,488	2,360	2,305	2,157
	48.68	11.75	5.75	1.90	2.55	3.52	2.91	4.04	23.71	2.45	21.40	17.32
	3,040	2,626	2,359	2,285	2,265	2,363	2,563	2,637	2,512	2,362	2,327	2,174
	2,259	2,062	2,056	1,983	2,163	2,599	2,187	1,864	1,759	1,617	1,540	1,427
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	496.93	488.56	501.79	444.43	474.41	499.99	447.84	447.59	446.38	415.86	412.95	374.54
	1,274	1,109	945.21	875.63	855.28	895.38	925.34	905.71	848.30	779.17	748.70	689.44
	78.41	75.09	77.24	79.46	74.79	65.93	70.47	66.59	64.39	65.05	62.45	62.50
	167.70	153.62	159.68	194.84	178.00	194.82	165.70	167.04	153.92	154.18	—	—
	781.82	563.81	302.85	302.00	101.52	-235.88	376.06	772.66	752.80	745.52	786.43	746.70
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	781.82	563.81	302.85	302.00	101.52	-235.88	376.06	772.66	752.80	745.52	786.43	746.70
	197.05	159.02	64.31	84.69	-30.95	-32.70	—	—	—	—	—	—
	584.77	404.79	238.54	217.31	132.47	-203.18	278.46	572.08	556.52	563.49	575.31	560.65
	6.23	9.54	2.82	2.57	1.57	-2.40	3.29	6.75	6.58	6.66	6.79	6.62
Key metrics
	—	—	—	—	—	—	1,372	1,745	1,665	1,590	1,598	1,499
	—	—	—	—	—	—	53.60%	66.30%	66.90%	67.40%	69.30%	69.50%
	19.30%	15.50%	10.10%	9.50%	5.90%	-8.60%	10.90%	21.70%	22.40%	23.90%	25.00%	26.00%
	34.10%	10.80%	-8.10%	-13.30%	-9.10%	0.00%	11.00%	22.10%	—	—	—	—
	341.40%	299.20%	-14.30%	-62.00%	-76.20%	-136.10%	-51.60%	2.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY18	FY17
Income statement
	10,285	9,509	10,041	8,848	6,684	6,061	3,423	3,388
	68.08	15.29	34.18	72.08	65.91	65.30	53.20	21.22
	10,310	9,525	10,075	8,920	6,750	6,126	3,477	3,409
	8,360	8,254	8,409	5,961	4,709	4,343	2,460	2,243
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	1,932	1,851	1,842	1,597	1,469	1,125	616.71	502.58
	4,204	3,786	3,575	2,866	2,188	2,011	1,028	1,169
	310.20	306.57	267.37	246.45	203.76	197.98	68.26	63.15
	675.84	676.07	681.49	622.21	515.30	496.25	746.91	185.99
	1,950	1,270	1,666	2,960	2,041	1,784	1,017	1,166
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,950	1,270	1,666	2,960	2,041	1,784	1,017	1,166
	505.07	277.04	461.76	—	—	—	348.60	407.23
	1,445	993.14	1,204	2,197	1,500	1,329	668.41	758.49
	21.16	11.72	14.22	25.96	17.72	15.70	—	—
Key metrics
	—	—	—	6,072	4,433	3,993	2,113	2,398
	—	—	—	68.60%	66.30%	65.90%	61.70%	70.80%
	14.05%	10.40%	12.00%	24.80%	22.40%	21.90%	19.50%	22.40%
	4.79%	-5.30%	13.50%	32.40%	10.30%	77.00%	1.10%	—
	85.35%	-17.50%	-45.20%	46.50%	12.90%	98.80%	-11.90%	—
	—	-20,438	2,477	—	—	—	—	—
	—	-20.38	2.18	—	—	—	—	—
	—	2.89	2.31	—	—	—	—	—
	—	41,347	27,102	—	—	—	—	—
Balance sheet
	—	74,559	49,205	—	—	—	—	—
	—	5,048	1,620	—	—	—	—	—
	—	0.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—
	—	500.53	506.48	—	—	—	—	—
	—	46,395	28,722	—	—	—	—	—
	—	16,057	12,449	—	—	—	—	—
Cash flow
	—	-20,238	2,621	—	—	—	—	—
	—	-1,632	-1,588	—	—	—	—	—
	—	23,834	-1,956	—	—	—	—	—
	—	200.32	144.65	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	2,543	2,158	1,915	1,820	1,743	1,739	1,799	1,748	1,620	1,508	1,522	1,450
	1.46	5.87	6.53	3.56	1.40	2.87	2.03	1.42	1.79	5.43	6.35	6.18
	2,545	2,163	1,922	1,824	1,745	1,742	1,801	1,750	1,622	1,513	1,528	1,456
	1,805	1,666	1,411	1,318	1,219	1,192	1,189	1,110	1,049	952.97	943.98	892.06
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	347.73	327.96	325.31	304.07	310.93	307.67	297.19	289.07	276.91	259.02	266.58	244.37
	1,107	931.80	763.42	688.28	644.85	609.54	628.67	593.95	543.97	488.76	481.28	442.72
	58.98	57.79	57.77	59.01	55.24	50.31	51.38	50.90	48.75	48.60	47.98	47.35
	127.10	113.70	118.82	127.08	114.59	120.91	111.48	105.33	—	—	—	116.28
	739.58	497.43	510.83	505.27	525.69	550.26	612.13	640.08	573.34	560.29	584.42	564.36
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.78	0.00	0.00	0.00
	739.58	497.43	510.83	505.27	525.69	550.26	612.13	640.08	593.12	560.29	584.42	564.36
	187.81	121.91	129.68	129.40	133.58	135.92	—	—	—	—	—	—
	551.77	375.52	381.15	375.87	392.11	414.34	453.39	474.94	440.58	428.33	428.62	419.91
	5.87	8.82	4.50	4.44	4.63	4.90	5.36	5.61	5.21	5.07	5.06	4.96
Key metrics
	—	—	—	—	—	—	1,292	1,285	1,186	1,098	1,114	1,054
	—	—	—	—	—	—	71.80%	73.50%	73.20%	72.80%	73.20%	72.70%
	21.70%	17.40%	19.90%	20.70%	22.50%	23.80%	25.20%	27.20%	27.20%	28.40%	28.20%	29.00%
	45.90%	24.10%	6.50%	4.10%	7.60%	15.30%	18.20%	20.50%	—	—	—	—
	40.70%	-9.40%	-15.90%	-20.90%	-11.00%	-3.30%	5.80%	13.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY18	FY17
Income statement
	8,436	7,643	6,906	5,830	4,802	4,563	2,928	3,007
	17.42	10.70	8.11	24.73	25.08	24.20	21.66	1.42
	8,454	7,653	6,914	5,855	4,827	4,587	2,950	3,008
	6,201	5,614	4,539	3,633	3,121	2,837	1,883	1,894
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—
	1,305	1,268	1,171	1,022	1,003	808.38	504.13	420.50
	3,491	3,028	2,376	1,828	1,498	1,392	790.95	1,003
	233.55	229.81	201.34	187.83	162.62	157.46	60.97	58.26
	486.70	474.19	446.19	—	386.44	372.86	527.26	151.53
	2,253	2,039	2,376	2,222	1,706	1,750	1,067	1,115
	0.00	0.00	19.78	0.00	0.00	0.00	—	—
	2,253	2,039	2,396	2,222	1,706	1,750	1,067	1,115
	568.80	514.57	612.34	—	—	—	366.39	388.84
	1,684	1,525	1,783	1,658	1,266	1,305	700.17	726.03
	23.63	35.98	21.07	19.59	14.96	15.41	—	—
Key metrics
	—	—	—	4,238	3,367	3,299	1,918	2,176
	—	—	—	72.70%	70.10%	72.30%	65.50%	72.40%
	19.96%	19.90%	25.80%	28.40%	26.40%	28.60%	23.90%	24.10%
	20.02%	10.70%	18.50%	21.40%	5.20%	55.80%	-2.60%	—
	-2.91%	-14.50%	7.60%	30.90%	-2.90%	86.30%	-3.60%	—
	—	-20,711	-2,877	—	—	—	—	—
	—	-13.48	-1.53	—	—	—	—	—
	—	2.56	1.77	—	—	—	—	—
	—	36,550	19,568	—	—	—	—	—
Balance sheet
	—	67,554	39,836	—	—	—	—	—
	—	4,180	1,327	—	—	—	—	—
	—	0.00	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—
	—	412.07	409.52	—	—	—	—	—
	—	40,730	20,895	—	—	—	—	—
	—	15,938	11,793	—	—	—	—	—
Cash flow
	—	-20,559	-2,734	—	—	—	—	—
	—	-3,011	-1,526	—	—	—	—	—
	—	24,960	4,057	—	—	—	—	—
	—	151.76	143.01	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +16.76%
Sales CAGR 5Y: —
Profit CAGR 3Y: +6.39%
Profit CAGR 5Y: —
Sales YoY (TTM): +20.02%
Profit YoY (TTM): -2.91%

Consolidated

Sales CAGR 3Y: +12.47%
Sales CAGR 5Y: —
Profit CAGR 3Y: -12.85%
Profit CAGR 5Y: —
Sales YoY (TTM): +4.79%
Profit YoY (TTM): +85.35%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 41.66%

Quarter	September 2026	June 2026
Promoter %	41.66%	41.66%

Holder	Type	Holding	Previous	Change
Nandakumar V P	Promoter	26.18%	26.18%	0.00%
BC Asia Investments XXV Limited	Promoter	9.89%	9.89%	0.00%
Sushama Nandakumar	Promoter	5.11%	5.11%	0.00%
Smallcap World Fund, Inc	Public	5.04%	5.49%	-0.45%
Quant Mutual Fund - Quant Small Cap Fund	Public	3.32%	2.09%	+1.23%
Sbi Elss Tax Saver Fund	Public	3.13%	—	—
Government Pension Fund Global	Public	2.47%	2.24%	+0.23%
Icici Prudential Multi Cap Fund	Public	1.86%	—	—
Jyothy Prasannan	Promoter Group	0.48%	0.48%	0.00%
Body Corp-Ltd Liability Partnership	Public	0.33%	0.34%	-0.01%
Other Directors/Relatives	Public	0.17%	0.23%	-0.06%
Shelly Ekalavian	Promoter Group	0.00%	0.00%	0.00%
Dr. Sumitha Nandan	Promoter Group	0.00%	0.00%	0.00%
BC Asia Investments XXIV Limited	Promoter Group	0.00%	0.00%	0.00%
Unclaimed Shares	Public	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bajaj Finance Limited	6,18,269	993.05	28.02	—	+18.82% TTM	+18.85% TTM	-6.05%
Shriram Finance Limited	2,13,119	905.70	16.80	—	+13.76% TTM	+28.60% TTM	+13.74%
Tata Capital Limited	1,43,392	337.80	23.16	—	—	—	+2.57%
Cholamandalam Investment and Finance Company Ltd	1,42,265	1,659.05	22.87	—	+21.13% TTM	+33.94% TTM	-5.48%
MUTHOOT FINANCE LIMITED	1,08,792	2,709.85	8.83	—	+47.27% TTM	+70.66% TTM	-15.07%
L&T Finance Limited	66,033	263.45	19.22	—	+20.11% TTM	+27.39% TTM	-5.93%
SBI CARDS AND PAYMENT SERVICES LIMITED S	52,626	553.00	20.18	—	+5.81% TTM	+35.96% TTM	-37.17%
Piramal Finance Limited	45,975	1,942.90	24.08	—	—	—	—
SUNDARAM FINANCE LTD	44,403	3,996.55	27.42	—	—	—	-16.26%
Authum Investment & Infrastructure Limited	43,913	517.10	25.16	—	-24.30% TTM	-56.50% TTM	-10.17%
HDB FINANCIAL SERVICES LIMITED S	42,098	506.65	14.22	—	—	—	-30.70%
POONAWALLA FINCORP LIMITED	41,349	469.55	38.02	—	+75.12% TTM	+399.21% TTM	-0.70%
Mahindra & Mahindra Financial Services Limited	37,542	270.05	10.42	—	+14.94% TTM	+45.99% TTM	-15.21%
Manappuram Finance Limited	29,495	314.00	20.41	—	+4.79% TTM	+85.35% TTM	+17.85%
IIFL FINANCE LIMITED	24,697	578.65	9.35	—	+35.37% TTM	+157.78% TTM	+7.38%
Capri Global Capital Limited	23,121	240.30	17.65	—	+52.88% TTM	+82.77% TTM	+21.89%
Five-Star Business Finance Ltd. S	11,724	397.15	10.50	—	+8.28% TTM	+1.05% TTM	-39.17%
SBFC Finance Limited	9,820	88.32	28.37	—	+28.23% TTM	+45.63% TTM	-24.80%
PAISALO DIGITAL LIMITED	7,279	77.43	27.42	—	+23.60% TTM	+27.97% TTM	+101.17%
Bengal & Assam Company Limited	6,477	5,680.00	8.29	—	+12.05% TTM	+3.26% TTM	-25.74%
Fedbank Financial Services Limited S	5,923	157.85	13.66	—	+21.29% TTM	+76.56% TTM	+10.46%
Mrugesh Trading Ltd. S	5,665	78.41	—	-0.30%	+21.12% TTM	+94.74% TTM	+3,464.09%
SG FINSERVE LIMITED S	4,670	708.75	24.95	—	+104.57% TTM	+86.47% TTM	+85.76%
MAS Financial Services Limited	4,607	253.90	10.89	—	+22.72% TTM	+23.77% TTM	-19.01%
Northern Arc Capital Ltd.	4,481	276.95	9.38	—	+29.02% TTM	+70.21% TTM	+0.64%

Filings & corporate actions

Recent announcements

Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 20267 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find the attached15 Sep 2026 · Company Update / Change in Management
Newspaper Advertisement of Notice of Transfer of shares of MAFIL, in respect of which dividend has not been claimed for seven consecutive years or more to the IEPF.4 Sep 2026 · Company Update / Newspaper Publication
Please find the attached1 Sep 2026 · Company Update / Change in Management
Please find attached17 Aug 2026 · Company Update / Allotment of Equity Shares
Please find attached the transcript of Q1 FY 2026-27 results conference call held on August 11, 2026.17 Aug 2026 · Company Update / Earnings Call Transcript
Please find attached the Scrutinizers report of Annual General Meeting held on August 12, 2026.13 Aug 2026 · AGM/EGM / AGM
Please find attached the monitoring agency report for the quarter ended June 30, 2026.13 Aug 2026 · Company Update / Monitoring Agency Report
Pleas find attached the proceedings of 34th Annual General Meeting of Manappuram Finance Limited.12 Aug 2026 · AGM/EGM / AGM
Please find the attached12 Aug 2026 · Company Update / Analyst / Investor Meet
Please find attached the newspaper publication of the Company''s financial result for the quarter ended June 30, 2026, for your records.12 Aug 2026 · Company Update / Newspaper Publication
Investors call recording11 Aug 2026 · Company Update / Analyst / Investor Meet
Please find the attached11 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Please find the attached11 Aug 2026 · Company Update / Change in Directorate
Please find the attached11 Aug 2026 · Company Update / Change in Management
Please find the attached press release11 Aug 2026 · Company Update / Press Release / Media Release
Please find the attached11 Aug 2026 · Company Update / Raising of Funds
Please find the attached11 Aug 2026 · Corp. Action / Record Date
Please find the attached11 Aug 2026 · Corp. Action / Dividend
Investor presentation11 Aug 2026 · Company Update / Investor Presentation
Declaration of dividend11 Aug 2026 · Board Meeting / Outcome of Board Meeting
Please find the attached11 Aug 2026 · Others / Reg. 54 - Asset Cover details
Standalone and consolidated financial results for the first quarter ended 30th June 202611 Aug 2026 · Result / Financial Results
Please find the attached.5 Aug 2026 · Company Update / Analyst / Investor Meet
Manappuram Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve the Unaudited Standalone ....5 Aug 2026 · Board Meeting / Board Meeting
Annual Report for the financial year 2025-202621 Jul 2026 · Others / Reg. 34 (1) Annual Report
Newspaper Advertisement regarding 34th Annual General Meeting of Manappuram Finance Limited21 Jul 2026 · Company Update / Newspaper Publication
Notice of the 34th Annual General Meeting of Manappuram Finance Limited and Annual Report of the Company for FY 2025-2620 Jul 2026 · AGM/EGM / AGM
Please find the attached16 Jul 2026 · Company Update / Change in Management
Please find attached the e-voting results of the Extra-ordinary General Meeting along with the Scrutinizer''s Report.15 Jul 2026 · AGM/EGM / EGM
Please find attached the proceedings of the EGM14 Jul 2026 · AGM/EGM / EGM
Please find attached the proceeding of EGM14 Jul 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended June 30, 20266 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Resignation of CEO, Mr Deepak Reddy.3 Jul 2026 · Company Update / Resignation of Chief Executive Officer (CEO)
Please find the attached24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Change in Management of Manappuram Finance Limited23 Jun 2026 · Company Update / Change in Management
Outcome of the board meeting dated 23.06.2026 of Manappuram Finance Limited23 Jun 2026 · Board Meeting / Outcome of Board Meeting
Please find the attached.22 Jun 2026 · Company Update / Newspaper Publication
Please find the attached.20 Jun 2026 · AGM/EGM / EGM

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 1.0000	17 Aug 2026	17 Aug 2026	—
Interim Dividend - Rs. - 0.5000	11 May 2026	11 May 2026	—
Interim Dividend - Rs. - 0.5000	6 Feb 2026	6 Feb 2026	—
Interim Dividend - Rs. - 0.5000	7 Nov 2025	7 Nov 2025	—
Interim Dividend - Rs. - 0.5000	14 Aug 2025	14 Aug 2025	—
Interim Dividend - Rs. - 0.5000	15 May 2025	15 May 2025	—
Interim Dividend - Rs. - 1.0000	21 Feb 2025	21 Feb 2025	—
Interim Dividend - Rs. - 1.0000	18 Nov 2024	18 Nov 2024	—
Interim Dividend - Rs. - 1.0000	26 Aug 2024	26 Aug 2024	—

Board meetings

11 Aug 2026 Board Meeting - Financial Results