Manappuram Finance Ltd.
•₹ 357.52.36%
2026-08-21
PROS
- Comfortable capital adequacy - CAR of 21.3%
- Promoters have been increasing their shareholding - up 6.4pp over 2 years
- Solid return on assets for a lender - ROA of 2.7%
- Asset quality is healthy - gross NPA of just 1.8%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 341.4% YoY, showing strong momentum
CONS
- Net NPA is elevated at 1.5% - provisioning cushion is thin
- Company has a low return on capital employed of 11.2%
- Free cash flow has been persistently negative
- Company has delivered a poor profit growth of -10.5% over past five years
- Operating margins have contracted to 56.2% from 66.2%
- Equity base is being diluted - shares outstanding up 11.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | MANAPPURAM | 340.35 | 22.06 | 31970.30 | 0.59 | 584.77 | 341.44 | 3034.16 | 35.41 | 8.35 | 70.14 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,004 | 2,149 | 2,293 | 2,341 | 2,464 | 2,628 | 2,555 | 2,291 | 2,241 | 2,256 | 2,273 | 2,566 | 3,034 | |
| 671 | 675 | 729 | 773 | 846 | 892 | 1,191 | 1,637 | 1,233 | 1,028 | 1,034 | 877 | 2,259 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 27 | 13 | 21 | 14 | 24 | 4 | 3 | 2 | 3 | 2 | 6 | 12 | 6 |
| Interest | 648 | 689 | 749 | 779 | 848 | 906 | 925 | 895 | 855 | 876 | 945 | 1,109 | 1,274 |
| Depreciation | 56 | 62 | 62 | 65 | 64 | 67 | 70 | 66 | 75 | 79 | 77 | 75 | 78 |
| 681 | 747 | 786 | 746 | 753 | 773 | 376 | -236 | 102 | 302 | 303 | 564 | 782 | |
| Tax % | 26.85% | 24.92% | 26.85% | 24.41% | 26.07% | 25.96% | 25.95% | 13.87% | -30.49% | 28.04% | 21.23% | 28.20% | 25.20% |
| Net Profit | 0 | 0 | 0 | 0 | 557 | 572 | 278 | -203 | 132 | 217 | 239 | 405 | 585 |
| 6 | 7 | 7 | 7 | 7 | 7 | 3 | -2 | 2 | 3 | 3 | 5 | 1 | |
| Equity Capital | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 188 | 188 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
| Equity Capital | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 188 | 188 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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% |
Jun 2023
- 2,004
- 671
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 648
- Depreciation
- 56
- 681
- Tax %
- 26.85%
- Net Profit
- 0
- 6
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 2,149
- 675
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 689
- Depreciation
- 62
- 747
- Tax %
- 24.92%
- Net Profit
- 0
- 7
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,293
- 729
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 749
- Depreciation
- 62
- 786
- Tax %
- 26.85%
- Net Profit
- 0
- 7
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,341
- 773
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 779
- Depreciation
- 65
- 746
- Tax %
- 24.41%
- Net Profit
- 0
- 7
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 2,464
- 846
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 848
- Depreciation
- 64
- 753
- Tax %
- 26.07%
- Net Profit
- 557
- 7
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 2,628
- 892
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 906
- Depreciation
- 67
- 773
- Tax %
- 25.96%
- Net Profit
- 572
- 7
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2,555
- 1,191
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 925
- Depreciation
- 70
- 376
- Tax %
- 25.95%
- Net Profit
- 278
- 3
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2,291
- 1,637
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 895
- Depreciation
- 66
- -236
- Tax %
- 13.87%
- Net Profit
- -203
- -2
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,241
- 1,233
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 855
- Depreciation
- 75
- 102
- Tax %
- -30.49%
- Net Profit
- 132
- 2
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 2,256
- 1,028
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 876
- Depreciation
- 79
- 302
- Tax %
- 28.04%
- Net Profit
- 217
- 3
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2,273
- 1,034
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 945
- Depreciation
- 77
- 303
- Tax %
- 21.23%
- Net Profit
- 239
- 3
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,566
- 877
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 1,109
- Depreciation
- 75
- 564
- Tax %
- 28.20%
- Net Profit
- 405
- 5
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 3,034
- 2,259
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1,274
- Depreciation
- 78
- 782
- Tax %
- 25.20%
- Net Profit
- 585
- 1
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,385 | 3,421 | 4,180 | 5,465 | 6,331 | 6,061 | 6,700 | 8,848 | 10,011 | 9,509 | 10,129 | |
| 1,011 | 1,344 | 1,365 | 1,548 | 1,669 | 2,134 | 2,317 | 2,848 | 4,557 | 4,162 | 5,198 | |
| Operating Profit | 2,398 | 2,136 | 2,877 | 4,004 | 4,706 | 3,993 | 4,433 | 6,072 | 5,474 | 5,362 | — |
| OPM % | 71 | 62 | 69 | 73 | 74 | 66 | 66 | 69 | 55 | 56 | — |
| Other Income | 24 | 58 | 63 | 86 | 44 | 65 | 50 | 72 | 20 | 15 | 26 |
| Interest | 1,169 | 1,030 | 1,345 | 1,832 | 2,219 | 2,011 | 2,188 | 2,866 | 3,541 | 3,786 | 4,204 |
| Depreciation | 63 | 68 | 75 | 164 | 171 | 198 | 204 | 246 | 267 | 307 | 310 |
| 1,166 | 1,037 | 1,457 | 2,007 | 2,316 | 1,784 | 2,041 | 2,960 | 1,666 | 1,270 | 1,950 | |
| Tax % | 35 | 35 | 35 | 26 | 26 | 26 | 26 | 26 | 28 | 22 | 26 |
| Net Profit | 758 | 676 | 949 | 1,480 | 1,725 | 1,329 | 1,500 | 2,197 | 1,204 | 993 | 1,445 |
| EPS | 9 | 8 | 11 | 17 | 20 | 16 | 18 | 26 | 14 | 11 | — |
| Dividend Payout % | 22 | 25 | 19 | 16 | 6 | 19 | 17 | 13 | 28 | 19 | — |
| Minority Interest | -3 | 0 | 0 | -13 | -1 | -0 | -4 | -9 | 12 | 10 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 8 | 11 | 17 | 20 | 16 | 18 | 26 | 14 | 11 | — |
| Minority Interest | -3 | 0 | 0 | -13 | -1 | -0 | -4 | -9 | 12 | 10 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 8 | 11 | 17 | 20 | 16 | 18 | 26 | 14 | 11 | — |
Mar 2017
- 3,385
- 1,011
- Operating Profit
- 2,398
- OPM %
- 71
- Other Income
- 24
- Interest
- 1,169
- Depreciation
- 63
- 1,166
- Tax %
- 35
- Net Profit
- 758
- EPS
- 9
- Dividend Payout %
- 22
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2018
- 3,421
- 1,344
- Operating Profit
- 2,136
- OPM %
- 62
- Other Income
- 58
- Interest
- 1,030
- Depreciation
- 68
- 1,037
- Tax %
- 35
- Net Profit
- 676
- EPS
- 8
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2019
- 4,180
- 1,365
- Operating Profit
- 2,877
- OPM %
- 69
- Other Income
- 63
- Interest
- 1,345
- Depreciation
- 75
- 1,457
- Tax %
- 35
- Net Profit
- 949
- EPS
- 11
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2020
- 5,465
- 1,548
- Operating Profit
- 4,004
- OPM %
- 73
- Other Income
- 86
- Interest
- 1,832
- Depreciation
- 164
- 2,007
- Tax %
- 26
- Net Profit
- 1,480
- EPS
- 17
- Dividend Payout %
- 16
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- -13
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2021
- 6,331
- 1,669
- Operating Profit
- 4,706
- OPM %
- 74
- Other Income
- 44
- Interest
- 2,219
- Depreciation
- 171
- 2,316
- Tax %
- 26
- Net Profit
- 1,725
- EPS
- 20
- Dividend Payout %
- 6
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2022
- 6,061
- 2,134
- Operating Profit
- 3,993
- OPM %
- 66
- Other Income
- 65
- Interest
- 2,011
- Depreciation
- 198
- 1,784
- Tax %
- 26
- Net Profit
- 1,329
- EPS
- 16
- Dividend Payout %
- 19
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 16
Mar 2023
- 6,700
- 2,317
- Operating Profit
- 4,433
- OPM %
- 66
- Other Income
- 50
- Interest
- 2,188
- Depreciation
- 204
- 2,041
- Tax %
- 26
- Net Profit
- 1,500
- EPS
- 18
- Dividend Payout %
- 17
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 18
Mar 2024
- 8,848
- 2,848
- Operating Profit
- 6,072
- OPM %
- 69
- Other Income
- 72
- Interest
- 2,866
- Depreciation
- 246
- 2,960
- Tax %
- 26
- Net Profit
- 2,197
- EPS
- 26
- Dividend Payout %
- 13
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 26
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 26
Mar 2025
- 10,011
- 4,557
- Operating Profit
- 5,474
- OPM %
- 55
- Other Income
- 20
- Interest
- 3,541
- Depreciation
- 267
- 1,666
- Tax %
- 28
- Net Profit
- 1,204
- EPS
- 14
- Dividend Payout %
- 28
- Minority Interest
- 12
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 12
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2026
- 9,509
- 4,162
- Operating Profit
- 5,362
- OPM %
- 56
- Other Income
- 15
- Interest
- 3,786
- Depreciation
- 307
- 1,270
- Tax %
- 22
- Net Profit
- 993
- EPS
- 11
- Dividend Payout %
- 19
- Minority Interest
- 10
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 10
- Share of Associates
- 0
- Adjusted EPS
- 11
TTM
- 10,129
- 5,198
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 4,204
- Depreciation
- 310
- 1,950
- Tax %
- 26
- Net Profit
- 1,445
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- 8%
- 3 Years:
- 12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 11%
- 5 Years:
- -10%
- 3 Years:
- -12%
STOCK PRICE CAGR
- 10 Years:
- 15%
- 5 Years:
- 17%
- 3 Years:
- 33%
- 1 Year:
- 31%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 14%
- 3 Years:
- 13%
- Last Year:
- 7%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 168 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 169 | 188 |
| 3,193 | 3,621 | 4,347 | 5,518 | 7,125 | 8,185 | 9,462 | 11,379 | 12,263 | 15,315 | |
| 7,775 | 7,827 | 9,693 | 8,887 | 5,372 | 8,193 | 6,522 | 20,456 | 18,980 | 27,854 | |
| Trade Payables | 73 | 118 | 133 | 109 | 124 | 142 | 106 | 122 | 112 | 191 |
| 3,864 | 5,185 | 6,028 | 14,751 | 18,362 | 16,944 | 23,097 | 14,420 | 22,651 | 31,526 | |
| Total Liabilities | 15,075 | 16,920 | 20,369 | 29,434 | 31,152 | 33,634 | 39,356 | 46,546 | 54,175 | 75,074 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 222 | 310 | 367 | 803 | 926 | 1,052 | 1,094 | 1,070 | 1,134 | 1,057 | |
| Capital Work in Progress | 1 | 0 | 1 | 3 | 8 | 11 | 16 | 33 | 11 | 27 |
| 5 | 5 | 174 | 90 | 338 | 421 | 534 | 726 | 790 | 2,051 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 555 | 724 | 1,164 | 3,667 | 2,912 | 2,697 | 3,035 | 3,012 | 3,676 | 6,046 |
| 14,292 | 15,881 | 18,663 | 24,870 | 26,968 | 29,453 | 34,677 | 41,705 | 48,564 | 65,892 | |
| Total Assets | 15,075 | 16,920 | 20,369 | 29,434 | 31,152 | 33,634 | 39,356 | 46,546 | 54,175 | 75,074 |
| Total Debt | 10,986 | 12,607 | 15,297 | 22,574 | 22,716 | 24,118 | 28,483 | 33,167 | 35,421 | 57,246 |
| Net Working Capital | 5,390 | 4,633 | 4,689 | 11,761 | 16,794 | 14,540 | 16,961 | -18,179 | -14,857 | -20,886 |
| Contingent Liabilities | 37 | 95 | 165 | 97 | 81 | 82 | 156 | 107 | 196 | 136 |
| Book Value per Share | 39.93 | 44.98 | 53.58 | 67.30 | 86.18 | 98.71 | 113.79 | 136.43 | 146.88 | 165.04 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 10,986 | 12,607 | 15,297 | 22,574 | 22,716 | 24,118 | 28,483 | 33,167 | 35,421 | 57,246 |
| Net Working Capital | 5,390 | 4,633 | 4,689 | 11,761 | 16,794 | 14,540 | 16,961 | -18,179 | -14,857 | -20,886 |
| Contingent Liabilities | 37 | 95 | 165 | 97 | 81 | 82 | 156 | 107 | 196 | 136 |
| Book Value per Share | 39.93 | 44.98 | 53.58 | 67.30 | 86.18 | 98.71 | 113.79 | 136.43 | 146.88 | 165.04 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 168
- 3,193
- 7,775
- Trade Payables
- 73
- 3,864
- Total Liabilities
- 15,075
- 222
- Capital Work in Progress
- 1
- 5
- 0
- Cash & Bank
- 555
- 14,292
- Total Assets
- 15,075
- Total Debt
- 10,986
- Net Working Capital
- 5,390
- Contingent Liabilities
- 37
- Book Value per Share
- 39.93
- Face Value
- 2.00
- Total Debt
- 10,986
- Net Working Capital
- 5,390
- Contingent Liabilities
- 37
- Book Value per Share
- 39.93
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 169
- 3,621
- 7,827
- Trade Payables
- 118
- 5,185
- Total Liabilities
- 16,920
- 310
- Capital Work in Progress
- 0
- 5
- 0
- Cash & Bank
- 724
- 15,881
- Total Assets
- 16,920
- Total Debt
- 12,607
- Net Working Capital
- 4,633
- Contingent Liabilities
- 95
- Book Value per Share
- 44.98
- Face Value
- 2.00
- Total Debt
- 12,607
- Net Working Capital
- 4,633
- Contingent Liabilities
- 95
- Book Value per Share
- 44.98
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 169
- 4,347
- 9,693
- Trade Payables
- 133
- 6,028
- Total Liabilities
- 20,369
- 367
- Capital Work in Progress
- 1
- 174
- 0
- Cash & Bank
- 1,164
- 18,663
- Total Assets
- 20,369
- Total Debt
- 15,297
- Net Working Capital
- 4,689
- Contingent Liabilities
- 165
- Book Value per Share
- 53.58
- Face Value
- 2.00
- Total Debt
- 15,297
- Net Working Capital
- 4,689
- Contingent Liabilities
- 165
- Book Value per Share
- 53.58
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 169
- 5,518
- 8,887
- Trade Payables
- 109
- 14,751
- Total Liabilities
- 29,434
- 803
- Capital Work in Progress
- 3
- 90
- 0
- Cash & Bank
- 3,667
- 24,870
- Total Assets
- 29,434
- Total Debt
- 22,574
- Net Working Capital
- 11,761
- Contingent Liabilities
- 97
- Book Value per Share
- 67.30
- Face Value
- 2.00
- Total Debt
- 22,574
- Net Working Capital
- 11,761
- Contingent Liabilities
- 97
- Book Value per Share
- 67.30
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 169
- 7,125
- 5,372
- Trade Payables
- 124
- 18,362
- Total Liabilities
- 31,152
- 926
- Capital Work in Progress
- 8
- 338
- 0
- Cash & Bank
- 2,912
- 26,968
- Total Assets
- 31,152
- Total Debt
- 22,716
- Net Working Capital
- 16,794
- Contingent Liabilities
- 81
- Book Value per Share
- 86.18
- Face Value
- 2.00
- Total Debt
- 22,716
- Net Working Capital
- 16,794
- Contingent Liabilities
- 81
- Book Value per Share
- 86.18
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 169
- 8,185
- 8,193
- Trade Payables
- 142
- 16,944
- Total Liabilities
- 33,634
- 1,052
- Capital Work in Progress
- 11
- 421
- 0
- Cash & Bank
- 2,697
- 29,453
- Total Assets
- 33,634
- Total Debt
- 24,118
- Net Working Capital
- 14,540
- Contingent Liabilities
- 82
- Book Value per Share
- 98.71
- Face Value
- 2.00
- Total Debt
- 24,118
- Net Working Capital
- 14,540
- Contingent Liabilities
- 82
- Book Value per Share
- 98.71
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 169
- 9,462
- 6,522
- Trade Payables
- 106
- 23,097
- Total Liabilities
- 39,356
- 1,094
- Capital Work in Progress
- 16
- 534
- 0
- Cash & Bank
- 3,035
- 34,677
- Total Assets
- 39,356
- Total Debt
- 28,483
- Net Working Capital
- 16,961
- Contingent Liabilities
- 156
- Book Value per Share
- 113.79
- Face Value
- 2.00
- Total Debt
- 28,483
- Net Working Capital
- 16,961
- Contingent Liabilities
- 156
- Book Value per Share
- 113.79
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 169
- 11,379
- 20,456
- Trade Payables
- 122
- 14,420
- Total Liabilities
- 46,546
- 1,070
- Capital Work in Progress
- 33
- 726
- 0
- Cash & Bank
- 3,012
- 41,705
- Total Assets
- 46,546
- Total Debt
- 33,167
- Net Working Capital
- -18,179
- Contingent Liabilities
- 107
- Book Value per Share
- 136.43
- Face Value
- 2.00
- Total Debt
- 33,167
- Net Working Capital
- -18,179
- Contingent Liabilities
- 107
- Book Value per Share
- 136.43
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 169
- 12,263
- 18,980
- Trade Payables
- 112
- 22,651
- Total Liabilities
- 54,175
- 1,134
- Capital Work in Progress
- 11
- 790
- 0
- Cash & Bank
- 3,676
- 48,564
- Total Assets
- 54,175
- Total Debt
- 35,421
- Net Working Capital
- -14,857
- Contingent Liabilities
- 196
- Book Value per Share
- 146.88
- Face Value
- 2.00
- Total Debt
- 35,421
- Net Working Capital
- -14,857
- Contingent Liabilities
- 196
- Book Value per Share
- 146.88
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 188
- 15,315
- 27,854
- Trade Payables
- 191
- 31,526
- Total Liabilities
- 75,074
- 1,057
- Capital Work in Progress
- 27
- 2,051
- 0
- Cash & Bank
- 6,046
- 65,892
- Total Assets
- 75,074
- Total Debt
- 57,246
- Net Working Capital
- -20,886
- Contingent Liabilities
- 136
- Book Value per Share
- 165.04
- Face Value
- 2.00
- Total Debt
- 57,246
- Net Working Capital
- -20,886
- Contingent Liabilities
- 136
- Book Value per Share
- 165.04
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1,271 | -33 | -1,661 | -3,620 | -619 | -423 | -3,103 | -3,450 | -467 | -20,238 | |
| Cash from Investing | -25 | -148 | -371 | 26 | -186 | -193 | -616 | -601 | -125 | -1,632 |
| Cash from Financing | 1,211 | 293 | 2,388 | 6,049 | 59 | 438 | 3,849 | 4,092 | 1,132 | 23,834 |
| -84 | 112 | 356 | 2,455 | -747 | -177 | 130 | 41 | 541 | 1,965 | |
| Free Cash Flow | -1,295 | -33 | -1,791 | -4,113 | -821 | -740 | -3,107 | -3,680 | -627 | -20,238 |
| OCF / Net Profit | -1.68 | -0.05 | -1.75 | -2.45 | -0.36 | -0.32 | -2.07 | -1.57 | -0.39 | -20.38 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -8,052 | -7,497 | -10,571 | -12,460 | -8,974 | -28,391 |
| OCF / Net Profit | -1.68 | -0.05 | -1.75 | -2.45 | -0.36 | -0.32 | -2.07 | -1.57 | -0.39 | -20.38 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -8,052 | -7,497 | -10,571 | -12,460 | -8,974 | -28,391 |
Mar 2017
- -1,271
- Cash from Investing
- -25
- Cash from Financing
- 1,211
- -84
- Free Cash Flow
- -1,295
- OCF / Net Profit
- -1.68
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.68
- Cumulative 5-Year FCF
- 0
Mar 2018
- -33
- Cash from Investing
- -148
- Cash from Financing
- 293
- 112
- Free Cash Flow
- -33
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.05
- Cumulative 5-Year FCF
- 0
Mar 2019
- -1,661
- Cash from Investing
- -371
- Cash from Financing
- 2,388
- 356
- Free Cash Flow
- -1,791
- OCF / Net Profit
- -1.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.75
- Cumulative 5-Year FCF
- 0
Mar 2020
- -3,620
- Cash from Investing
- 26
- Cash from Financing
- 6,049
- 2,455
- Free Cash Flow
- -4,113
- OCF / Net Profit
- -2.45
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.45
- Cumulative 5-Year FCF
- 0
Mar 2021
- -619
- Cash from Investing
- -186
- Cash from Financing
- 59
- -747
- Free Cash Flow
- -821
- OCF / Net Profit
- -0.36
- Cumulative 5-Year FCF
- -8,052
- OCF / Net Profit
- -0.36
- Cumulative 5-Year FCF
- -8,052
Mar 2022
- -423
- Cash from Investing
- -193
- Cash from Financing
- 438
- -177
- Free Cash Flow
- -740
- OCF / Net Profit
- -0.32
- Cumulative 5-Year FCF
- -7,497
- OCF / Net Profit
- -0.32
- Cumulative 5-Year FCF
- -7,497
Mar 2023
- -3,103
- Cash from Investing
- -616
- Cash from Financing
- 3,849
- 130
- Free Cash Flow
- -3,107
- OCF / Net Profit
- -2.07
- Cumulative 5-Year FCF
- -10,571
- OCF / Net Profit
- -2.07
- Cumulative 5-Year FCF
- -10,571
Mar 2024
- -3,450
- Cash from Investing
- -601
- Cash from Financing
- 4,092
- 41
- Free Cash Flow
- -3,680
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- -12,460
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- -12,460
Mar 2025
- -467
- Cash from Investing
- -125
- Cash from Financing
- 1,132
- 541
- Free Cash Flow
- -627
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- -8,974
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- -8,974
Mar 2026
- -20,238
- Cash from Investing
- -1,632
- Cash from Financing
- 23,834
- 1,965
- Free Cash Flow
- -20,238
- OCF / Net Profit
- -20.38
- Cumulative 5-Year FCF
- -28,391
- OCF / Net Profit
- -20.38
- Cumulative 5-Year FCF
- -28,391
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.98 | 8.02 | 11.25 | 17.37 | 20.37 | 15.70 | 17.67 | 25.86 | 14.37 | 10.68 |
| Book Value (₹) | 39.93 | 44.98 | 53.58 | 67.30 | 86.18 | 98.71 | 113.79 | 136.43 | 146.88 | 165.04 |
| Dividend per Share (₹) | 2.00 | 2.00 | 2.15 | 2.75 | 1.25 | 3.00 | 3.00 | 3.30 | 4.00 | 2.00 |
| Cash EPS (₹) | 9.76 | 8.83 | 12.15 | 19.46 | 22.40 | 18.04 | 20.13 | 28.87 | 17.38 | 13.84 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 70.82% | 62.43% | 68.83% | 73.26% | 74.34% | 65.88% | 66.16% | 67.81% | 54.48% | 56.23% |
| Net Margin % | 22.40% | 19.76% | 22.70% | 27.09% | 27.25% | 21.92% | 22.39% | 24.84% | 12.03% | 10.44% |
| ROE % | 24.79% | 18.91% | 22.84% | 29.02% | 26.58% | 16.98% | 16.68% | 20.75% | 10.04% | 7.11% |
| ROCE % | 17.46% | 13.44% | 15.45% | 15.94% | 15.55% | 12.14% | 11.98% | 14.06% | 11.25% | 8.35% |
| 5.44% | 4.23% | 5.09% | 5.94% | 5.69% | 4.10% | 4.11% | 5.12% | 2.39% | 1.54% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 3.27x | 3.33x | 3.39x | 3.97x | 3.11x | 2.89x | 2.96x | 2.87x | 2.85x | 3.69x |
| Interest Coverage (x) | 2.00x | 2.01x | 2.08x | 2.10x | 2.04x | 1.89x | 1.93x | 2.03x | 1.47x | 1.34x |
| 1.63x | 1.55x | 1.46x | 2.18x | 3.59x | 2.54x | 3.17x | 0.16x | 0.40x | 0.30x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 43.44% | 1.04% | 22.18% | 30.76% | 15.83% | -4.26% | 10.54% | 32.07% | 13.15% | -5.01% |
| Operating Profit Growth % | 54.53% | -10.93% | 34.70% | 39.17% | 17.54% | -15.15% | 11.01% | 36.98% | -9.84% | -2.04% |
| Net Profit Growth % | 113.56% | -10.88% | 40.32% | 56.06% | 16.53% | -22.97% | 12.90% | 46.48% | -45.22% | -17.50% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 46.30% | -44.43% | -25.66% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.69x | 16.19x | 23.50x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.27x | 1.58x | 1.52x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.91% | 1.72% | 0.80% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.38x | 9.40x | 13.94x |
Mar 2017
- EPS (₹)
- 8.98
- Book Value (₹)
- 39.93
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 9.76
- Operating Margin %
- 70.82%
- Net Margin %
- 22.40%
- ROE %
- 24.79%
- ROCE %
- 17.46%
- 5.44%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.27x
- Interest Coverage (x)
- 2.00x
- 1.63x
- Revenue Growth %
- 43.44%
- Operating Profit Growth %
- 54.53%
- Net Profit Growth %
- 113.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 8.02
- Book Value (₹)
- 44.98
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 8.83
- Operating Margin %
- 62.43%
- Net Margin %
- 19.76%
- ROE %
- 18.91%
- ROCE %
- 13.44%
- 4.23%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.33x
- Interest Coverage (x)
- 2.01x
- 1.55x
- Revenue Growth %
- 1.04%
- Operating Profit Growth %
- -10.93%
- Net Profit Growth %
- -10.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 11.25
- Book Value (₹)
- 53.58
- Dividend per Share (₹)
- 2.15
- Cash EPS (₹)
- 12.15
- Operating Margin %
- 68.83%
- Net Margin %
- 22.70%
- ROE %
- 22.84%
- ROCE %
- 15.45%
- 5.09%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.39x
- Interest Coverage (x)
- 2.08x
- 1.46x
- Revenue Growth %
- 22.18%
- Operating Profit Growth %
- 34.70%
- Net Profit Growth %
- 40.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 17.37
- Book Value (₹)
- 67.30
- Dividend per Share (₹)
- 2.75
- Cash EPS (₹)
- 19.46
- Operating Margin %
- 73.26%
- Net Margin %
- 27.09%
- ROE %
- 29.02%
- ROCE %
- 15.94%
- 5.94%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.97x
- Interest Coverage (x)
- 2.10x
- 2.18x
- Revenue Growth %
- 30.76%
- Operating Profit Growth %
- 39.17%
- Net Profit Growth %
- 56.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 20.37
- Book Value (₹)
- 86.18
- Dividend per Share (₹)
- 1.25
- Cash EPS (₹)
- 22.40
- Operating Margin %
- 74.34%
- Net Margin %
- 27.25%
- ROE %
- 26.58%
- ROCE %
- 15.55%
- 5.69%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.11x
- Interest Coverage (x)
- 2.04x
- 3.59x
- Revenue Growth %
- 15.83%
- Operating Profit Growth %
- 17.54%
- Net Profit Growth %
- 16.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 15.70
- Book Value (₹)
- 98.71
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 18.04
- Operating Margin %
- 65.88%
- Net Margin %
- 21.92%
- ROE %
- 16.98%
- ROCE %
- 12.14%
- 4.10%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.89x
- Interest Coverage (x)
- 1.89x
- 2.54x
- Revenue Growth %
- -4.26%
- Operating Profit Growth %
- -15.15%
- Net Profit Growth %
- -22.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 17.67
- Book Value (₹)
- 113.79
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 20.13
- Operating Margin %
- 66.16%
- Net Margin %
- 22.39%
- ROE %
- 16.68%
- ROCE %
- 11.98%
- 4.11%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.96x
- Interest Coverage (x)
- 1.93x
- 3.17x
- Revenue Growth %
- 10.54%
- Operating Profit Growth %
- 11.01%
- Net Profit Growth %
- 12.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 25.86
- Book Value (₹)
- 136.43
- Dividend per Share (₹)
- 3.30
- Cash EPS (₹)
- 28.87
- Operating Margin %
- 67.81%
- Net Margin %
- 24.84%
- ROE %
- 20.75%
- ROCE %
- 14.06%
- 5.12%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.87x
- Interest Coverage (x)
- 2.03x
- 0.16x
- Revenue Growth %
- 32.07%
- Operating Profit Growth %
- 36.98%
- Net Profit Growth %
- 46.48%
- 46.30%
- P/E (x)
- 6.69x
- P/B (x)
- 1.27x
- Dividend Yield %
- 1.91%
- 7.38x
Mar 2025
- EPS (₹)
- 14.37
- Book Value (₹)
- 146.88
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 17.38
- Operating Margin %
- 54.48%
- Net Margin %
- 12.03%
- ROE %
- 10.04%
- ROCE %
- 11.25%
- 2.39%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.85x
- Interest Coverage (x)
- 1.47x
- 0.40x
- Revenue Growth %
- 13.15%
- Operating Profit Growth %
- -9.84%
- Net Profit Growth %
- -45.22%
- -44.43%
- P/E (x)
- 16.19x
- P/B (x)
- 1.58x
- Dividend Yield %
- 1.72%
- 9.40x
Mar 2026
- EPS (₹)
- 10.68
- Book Value (₹)
- 165.04
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 13.84
- Operating Margin %
- 56.23%
- Net Margin %
- 10.44%
- ROE %
- 7.11%
- ROCE %
- 8.35%
- 1.54%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.69x
- Interest Coverage (x)
- 1.34x
- 0.30x
- Revenue Growth %
- -5.01%
- Operating Profit Growth %
- -2.04%
- Net Profit Growth %
- -17.50%
- -25.66%
- P/E (x)
- 23.50x
- P/B (x)
- 1.52x
- Dividend Yield %
- 0.80%
- 13.94x
Documents
Announcements
- General Updates
2026-08-17 - Manappuram Finance Limited has informed the Exchange about General Updates
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Manappuram Finance Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026

