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%
- Latest quarter profit grew 40.7% YoY, showing strong momentum
CONS
- Net NPA is elevated at 1.5% - provisioning cushion is thin
- Free cash flow has been persistently negative
- Company has delivered a poor profit growth of -2.1% over past five years
- Equity base is being diluted - shares outstanding up 11.0%
- Though reporting repeated profits, the company pays out little dividend (12.3%)
- Expensive relative to growth - PEG of 2.4
* 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 | 1095.15 | 33.58 | 681835.39 | 0.55 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1125.05 | 23.39 | 264722.41 | 0.96 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | CHOLAFIN | 1910.00 | 28.36 | 163126.61 | 0.10 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 4. | JIOFIN | 244.95 | 78.27 | 161743.95 | 0.24 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 5. | TATACAP | 365.60 | 28.72 | 155192.41 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11353.35 | 14.27 | 126355.42 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2972.00 | 10.49 | 119316.43 | 1.01 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 408.00 | 27.21 | 111671.47 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 314.90 | 24.80 | 78915.38 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 646.05 | 0.00 | 61480.86 | 0.39 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 691.85 | 26.41 | 57468.10 | 0.58 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | MANAPPURAM | 349.00 | 22.62 | 32782.83 | 0.57 | 584.77 | 341.44 | 3034.16 | 35.41 | 8.35 | 70.14 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,328 | 1,453 | 1,519 | 1,507 | 1,619 | 1,748 | 1,799 | 1,738 | 1,742 | 1,818 | 1,915 | 2,156 | 2,543 | |
| 385 | 402 | 415 | 416 | 456 | 465 | 509 | 532 | 519 | 571 | 590 | 676 | 1,805 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 13 | 2 | 3 | 5 | 2 | 1 | 2 | 2 | 1 | 4 | 7 | 6 | 1 |
| Interest | 415 | 443 | 481 | 489 | 544 | 594 | 629 | 610 | 645 | 688 | 763 | 932 | 1,107 |
| Depreciation | 44 | 47 | 48 | 49 | 49 | 51 | 51 | 50 | 55 | 59 | 58 | 58 | 59 |
| 513 | 564 | 584 | 560 | 593 | 640 | 612 | 550 | 526 | 505 | 511 | 497 | 740 | |
| Tax % | 25.68% | 25.60% | 26.66% | 23.55% | 25.72% | 25.80% | 25.93% | 24.70% | 25.41% | 25.61% | 25.39% | 24.51% | 25.39% |
| Net Profit | 381 | 420 | 429 | 428 | 441 | 475 | 453 | 414 | 392 | 376 | 381 | 376 | 552 |
| 4 | 5 | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 4 | 4 | 4 | 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
- 1,328
- 385
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 415
- Depreciation
- 44
- 513
- Tax %
- 25.68%
- Net Profit
- 381
- 4
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,453
- 402
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 443
- Depreciation
- 47
- 564
- Tax %
- 25.60%
- Net Profit
- 420
- 5
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,519
- 415
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 481
- Depreciation
- 48
- 584
- Tax %
- 26.66%
- Net Profit
- 429
- 5
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,507
- 416
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 489
- Depreciation
- 49
- 560
- Tax %
- 23.55%
- Net Profit
- 428
- 5
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,619
- 456
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 544
- Depreciation
- 49
- 593
- Tax %
- 25.72%
- Net Profit
- 441
- 5
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,748
- 465
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 594
- Depreciation
- 51
- 640
- Tax %
- 25.80%
- Net Profit
- 475
- 6
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,799
- 509
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 629
- Depreciation
- 51
- 612
- Tax %
- 25.93%
- Net Profit
- 453
- 5
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,738
- 532
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 610
- Depreciation
- 50
- 550
- Tax %
- 24.70%
- Net Profit
- 414
- 5
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,742
- 519
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 645
- Depreciation
- 55
- 526
- Tax %
- 25.41%
- Net Profit
- 392
- 5
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,818
- 571
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 688
- Depreciation
- 59
- 505
- Tax %
- 25.61%
- Net Profit
- 376
- 4
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,915
- 590
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 763
- Depreciation
- 58
- 511
- Tax %
- 25.39%
- Net Profit
- 381
- 4
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 169
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,156
- 676
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 932
- Depreciation
- 58
- 497
- Tax %
- 24.51%
- Net Profit
- 376
- 4
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,543
- 1,805
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1,107
- Depreciation
- 59
- 740
- Tax %
- 25.39%
- Net Profit
- 552
- 1
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 188
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,007 | 2,927 | 3,418 | 4,311 | 5,172 | 4,563 | 4,815 | 5,830 | 6,908 | 7,643 | 8,432 | |
| 833 | 1,050 | 1,123 | 1,128 | 1,049 | 1,362 | 1,478 | 1,617 | 1,961 | 2,356 | 3,643 | |
| Operating Profit | 2,176 | 1,911 | 2,304 | 3,225 | 4,145 | 3,299 | 3,367 | 4,237 | 4,953 | 5,297 | — |
| OPM % | 72 | 65 | 67 | 75 | 80 | 72 | 70 | 73 | 72 | 69 | — |
| Other Income | 1 | 34 | 9 | 42 | 22 | 98 | 30 | 25 | 6 | 11 | 17 |
| Interest | 1,003 | 794 | 1,018 | 1,391 | 1,720 | 1,392 | 1,498 | 1,828 | 2,376 | 3,028 | 3,491 |
| Depreciation | 58 | 61 | 68 | 154 | 156 | 157 | 163 | 188 | 201 | 230 | 234 |
| 1,115 | 1,055 | 1,218 | 1,680 | 2,270 | 1,750 | 1,706 | 2,222 | 2,396 | 2,039 | 2,253 | |
| Tax % | 35 | 35 | 35 | 27 | 25 | 25 | 26 | 25 | 26 | 25 | 25 |
| Net Profit | 726 | 689 | 790 | 1,230 | 1,698 | 1,305 | 1,266 | 1,658 | 1,783 | 1,525 | 1,684 |
| EPS | 9 | 8 | 9 | 15 | 20 | 15 | 15 | 20 | 21 | 16 | — |
| Dividend Payout % | 23 | 24 | 23 | 19 | 6 | 19 | 20 | 17 | 19 | 12 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 8 | 9 | 15 | 20 | 15 | 15 | 20 | 21 | 16 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 9 | 8 | 9 | 15 | 20 | 15 | 15 | 20 | 21 | 16 | — |
Mar 2017
- 3,007
- 833
- Operating Profit
- 2,176
- OPM %
- 72
- Other Income
- 1
- Interest
- 1,003
- Depreciation
- 58
- 1,115
- Tax %
- 35
- Net Profit
- 726
- EPS
- 9
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2018
- 2,927
- 1,050
- Operating Profit
- 1,911
- OPM %
- 65
- Other Income
- 34
- Interest
- 794
- Depreciation
- 61
- 1,055
- Tax %
- 35
- Net Profit
- 689
- EPS
- 8
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2019
- 3,418
- 1,123
- Operating Profit
- 2,304
- OPM %
- 67
- Other Income
- 9
- Interest
- 1,018
- Depreciation
- 68
- 1,218
- Tax %
- 35
- Net Profit
- 790
- EPS
- 9
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2020
- 4,311
- 1,128
- Operating Profit
- 3,225
- OPM %
- 75
- Other Income
- 42
- Interest
- 1,391
- Depreciation
- 154
- 1,680
- Tax %
- 27
- Net Profit
- 1,230
- EPS
- 15
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2021
- 5,172
- 1,049
- Operating Profit
- 4,145
- OPM %
- 80
- Other Income
- 22
- Interest
- 1,720
- Depreciation
- 156
- 2,270
- Tax %
- 25
- Net Profit
- 1,698
- EPS
- 20
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2022
- 4,563
- 1,362
- Operating Profit
- 3,299
- OPM %
- 72
- Other Income
- 98
- Interest
- 1,392
- Depreciation
- 157
- 1,750
- Tax %
- 25
- Net Profit
- 1,305
- EPS
- 15
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2023
- 4,815
- 1,478
- Operating Profit
- 3,367
- OPM %
- 70
- Other Income
- 30
- Interest
- 1,498
- Depreciation
- 163
- 1,706
- Tax %
- 26
- Net Profit
- 1,266
- EPS
- 15
- Dividend Payout %
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2024
- 5,830
- 1,617
- Operating Profit
- 4,237
- OPM %
- 73
- Other Income
- 25
- Interest
- 1,828
- Depreciation
- 188
- 2,222
- Tax %
- 25
- Net Profit
- 1,658
- EPS
- 20
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2025
- 6,908
- 1,961
- Operating Profit
- 4,953
- OPM %
- 72
- Other Income
- 6
- Interest
- 2,376
- Depreciation
- 201
- 2,396
- Tax %
- 26
- Net Profit
- 1,783
- EPS
- 21
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2026
- 7,643
- 2,356
- Operating Profit
- 5,297
- OPM %
- 69
- Other Income
- 11
- Interest
- 3,028
- Depreciation
- 230
- 2,039
- Tax %
- 25
- Net Profit
- 1,525
- EPS
- 16
- Dividend Payout %
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
TTM
- 8,432
- 3,643
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 3,491
- Depreciation
- 234
- 2,253
- Tax %
- 25
- Net Profit
- 1,684
- 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:
- 13%
- 5 Years:
- 8%
- 3 Years:
- 17%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 16%
- 5 Years:
- -2%
- 3 Years:
- 6%
STOCK PRICE CAGR
- 10 Years:
- 15%
- 5 Years:
- 18%
- 3 Years:
- 34%
- 1 Year:
- 35%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 15%
- 3 Years:
- 15%
- Last Year:
- 11%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 3,142 | 3,620 | 4,193 | 5,128 | 6,719 | 7,760 | 8,797 | 10,180 | 11,624 | 15,202 | |
| 7,122 | 7,798 | 9,579 | 8,853 | 5,358 | 8,165 | 6,499 | 13,927 | 13,966 | 23,720 | |
| Trade Payables | 64 | 106 | 114 | 88 | 95 | 109 | 96 | 107 | 100 | 170 |
| 2,594 | 2,836 | 3,525 | 9,486 | 13,216 | 10,694 | 13,695 | 13,546 | 18,624 | 28,750 | |
| Total Liabilities | 13,091 | 14,528 | 17,580 | 23,724 | 25,558 | 26,896 | 29,257 | 37,929 | 44,483 | 68,029 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 179 | 265 | 326 | 741 | 861 | 892 | 869 | 815 | 852 | 813 | |
| Capital Work in Progress | 0 | 0 | 1 | 3 | 6 | 11 | 16 | 33 | 11 | 26 |
| 324 | 378 | 1,011 | 932 | 1,200 | 1,215 | 1,454 | 1,766 | 1,822 | 3,513 | |
| Cash & Bank | 412 | 443 | 451 | 2,251 | 2,066 | 1,758 | 2,080 | 1,679 | 2,939 | 4,855 |
| 12,176 | 13,442 | 15,792 | 19,798 | 21,425 | 23,019 | 24,837 | 33,635 | 38,859 | 58,821 | |
| Total Assets | 13,091 | 14,528 | 17,580 | 23,724 | 25,558 | 26,896 | 29,257 | 37,929 | 44,483 | 68,029 |
| Total Debt | 9,163 | 10,238 | 12,743 | 17,659 | 17,640 | 17,926 | 19,229 | 22,467 | 27,046 | 50,612 |
| Net Working Capital | 4,467 | 4,317 | 4,092 | 10,555 | 16,058 | 13,734 | 16,166 | -12,357 | -10,585 | -17,389 |
| Contingent Liabilities | 33 | 83 | 134 | 51 | 35 | 35 | 85 | 100 | 107 | 74 |
| Book Value per Share | 39.32 | 44.97 | 51.75 | 62.69 | 81.38 | 93.68 | 105.93 | 122.27 | 139.32 | 163.83 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 9,163 | 10,238 | 12,743 | 17,659 | 17,640 | 17,926 | 19,229 | 22,467 | 27,046 | 50,612 |
| Net Working Capital | 4,467 | 4,317 | 4,092 | 10,555 | 16,058 | 13,734 | 16,166 | -12,357 | -10,585 | -17,389 |
| Contingent Liabilities | 33 | 83 | 134 | 51 | 35 | 35 | 85 | 100 | 107 | 74 |
| Book Value per Share | 39.32 | 44.97 | 51.75 | 62.69 | 81.38 | 93.68 | 105.93 | 122.27 | 139.32 | 163.83 |
| 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
- 3,142
- 7,122
- Trade Payables
- 64
- 2,594
- Total Liabilities
- 13,091
- 179
- Capital Work in Progress
- 0
- 324
- Cash & Bank
- 412
- 12,176
- Total Assets
- 13,091
- Total Debt
- 9,163
- Net Working Capital
- 4,467
- Contingent Liabilities
- 33
- Book Value per Share
- 39.32
- Face Value
- 2.00
- Total Debt
- 9,163
- Net Working Capital
- 4,467
- Contingent Liabilities
- 33
- Book Value per Share
- 39.32
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 169
- 3,620
- 7,798
- Trade Payables
- 106
- 2,836
- Total Liabilities
- 14,528
- 265
- Capital Work in Progress
- 0
- 378
- Cash & Bank
- 443
- 13,442
- Total Assets
- 14,528
- Total Debt
- 10,238
- Net Working Capital
- 4,317
- Contingent Liabilities
- 83
- Book Value per Share
- 44.97
- Face Value
- 2.00
- Total Debt
- 10,238
- Net Working Capital
- 4,317
- Contingent Liabilities
- 83
- Book Value per Share
- 44.97
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 169
- 4,193
- 9,579
- Trade Payables
- 114
- 3,525
- Total Liabilities
- 17,580
- 326
- Capital Work in Progress
- 1
- 1,011
- Cash & Bank
- 451
- 15,792
- Total Assets
- 17,580
- Total Debt
- 12,743
- Net Working Capital
- 4,092
- Contingent Liabilities
- 134
- Book Value per Share
- 51.75
- Face Value
- 2.00
- Total Debt
- 12,743
- Net Working Capital
- 4,092
- Contingent Liabilities
- 134
- Book Value per Share
- 51.75
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 169
- 5,128
- 8,853
- Trade Payables
- 88
- 9,486
- Total Liabilities
- 23,724
- 741
- Capital Work in Progress
- 3
- 932
- Cash & Bank
- 2,251
- 19,798
- Total Assets
- 23,724
- Total Debt
- 17,659
- Net Working Capital
- 10,555
- Contingent Liabilities
- 51
- Book Value per Share
- 62.69
- Face Value
- 2.00
- Total Debt
- 17,659
- Net Working Capital
- 10,555
- Contingent Liabilities
- 51
- Book Value per Share
- 62.69
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 169
- 6,719
- 5,358
- Trade Payables
- 95
- 13,216
- Total Liabilities
- 25,558
- 861
- Capital Work in Progress
- 6
- 1,200
- Cash & Bank
- 2,066
- 21,425
- Total Assets
- 25,558
- Total Debt
- 17,640
- Net Working Capital
- 16,058
- Contingent Liabilities
- 35
- Book Value per Share
- 81.38
- Face Value
- 2.00
- Total Debt
- 17,640
- Net Working Capital
- 16,058
- Contingent Liabilities
- 35
- Book Value per Share
- 81.38
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 169
- 7,760
- 8,165
- Trade Payables
- 109
- 10,694
- Total Liabilities
- 26,896
- 892
- Capital Work in Progress
- 11
- 1,215
- Cash & Bank
- 1,758
- 23,019
- Total Assets
- 26,896
- Total Debt
- 17,926
- Net Working Capital
- 13,734
- Contingent Liabilities
- 35
- Book Value per Share
- 93.68
- Face Value
- 2.00
- Total Debt
- 17,926
- Net Working Capital
- 13,734
- Contingent Liabilities
- 35
- Book Value per Share
- 93.68
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 169
- 8,797
- 6,499
- Trade Payables
- 96
- 13,695
- Total Liabilities
- 29,257
- 869
- Capital Work in Progress
- 16
- 1,454
- Cash & Bank
- 2,080
- 24,837
- Total Assets
- 29,257
- Total Debt
- 19,229
- Net Working Capital
- 16,166
- Contingent Liabilities
- 85
- Book Value per Share
- 105.93
- Face Value
- 2.00
- Total Debt
- 19,229
- Net Working Capital
- 16,166
- Contingent Liabilities
- 85
- Book Value per Share
- 105.93
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 169
- 10,180
- 13,927
- Trade Payables
- 107
- 13,546
- Total Liabilities
- 37,929
- 815
- Capital Work in Progress
- 33
- 1,766
- Cash & Bank
- 1,679
- 33,635
- Total Assets
- 37,929
- Total Debt
- 22,467
- Net Working Capital
- -12,357
- Contingent Liabilities
- 100
- Book Value per Share
- 122.27
- Face Value
- 2.00
- Total Debt
- 22,467
- Net Working Capital
- -12,357
- Contingent Liabilities
- 100
- Book Value per Share
- 122.27
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 169
- 11,624
- 13,966
- Trade Payables
- 100
- 18,624
- Total Liabilities
- 44,483
- 852
- Capital Work in Progress
- 11
- 1,822
- Cash & Bank
- 2,939
- 38,859
- Total Assets
- 44,483
- Total Debt
- 27,046
- Net Working Capital
- -10,585
- Contingent Liabilities
- 107
- Book Value per Share
- 139.32
- Face Value
- 2.00
- Total Debt
- 27,046
- Net Working Capital
- -10,585
- Contingent Liabilities
- 107
- Book Value per Share
- 139.32
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 188
- 15,202
- 23,720
- Trade Payables
- 170
- 28,750
- Total Liabilities
- 68,029
- 813
- Capital Work in Progress
- 26
- 3,513
- Cash & Bank
- 4,855
- 58,821
- Total Assets
- 68,029
- Total Debt
- 50,612
- Net Working Capital
- -17,389
- Contingent Liabilities
- 74
- Book Value per Share
- 163.83
- Face Value
- 2.00
- Total Debt
- 50,612
- Net Working Capital
- -17,389
- Contingent Liabilities
- 74
- Book Value per Share
- 163.83
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -283 | -53 | -1,442 | -2,506 | 150 | -112 | -314 | -2,863 | -2,734 | -20,559 | |
| Cash from Investing | -32 | -201 | -760 | 34 | -261 | -118 | -264 | -307 | -63 | -3,011 |
| Cash from Financing | 248 | 283 | 2,205 | 4,268 | -87 | -100 | 888 | 2,826 | 4,057 | 24,960 |
| -68 | 28 | 3 | 1,796 | -197 | -330 | 310 | -343 | 1,260 | 1,390 | |
| Free Cash Flow | -300 | -53 | -1,567 | -2,971 | -33 | -295 | -346 | -3,004 | -2,738 | -20,559 |
| OCF / Net Profit | -0.39 | -0.08 | -1.82 | -2.04 | 0.09 | -0.09 | -0.25 | -1.73 | -1.53 | -13.48 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -4,925 | -4,920 | -5,212 | -6,649 | -6,415 | -26,941 |
| OCF / Net Profit | -0.39 | -0.08 | -1.82 | -2.04 | 0.09 | -0.09 | -0.25 | -1.73 | -1.53 | -13.48 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -4,925 | -4,920 | -5,212 | -6,649 | -6,415 | -26,941 |
Mar 2017
- -283
- Cash from Investing
- -32
- Cash from Financing
- 248
- -68
- Free Cash Flow
- -300
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.39
- Cumulative 5-Year FCF
- 0
Mar 2018
- -53
- Cash from Investing
- -201
- Cash from Financing
- 283
- 28
- Free Cash Flow
- -53
- OCF / Net Profit
- -0.08
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.08
- Cumulative 5-Year FCF
- 0
Mar 2019
- -1,442
- Cash from Investing
- -760
- Cash from Financing
- 2,205
- 3
- Free Cash Flow
- -1,567
- OCF / Net Profit
- -1.82
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.82
- Cumulative 5-Year FCF
- 0
Mar 2020
- -2,506
- Cash from Investing
- 34
- Cash from Financing
- 4,268
- 1,796
- Free Cash Flow
- -2,971
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 0
Mar 2021
- 150
- Cash from Investing
- -261
- Cash from Financing
- -87
- -197
- Free Cash Flow
- -33
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- -4,925
- OCF / Net Profit
- 0.09
- Cumulative 5-Year FCF
- -4,925
Mar 2022
- -112
- Cash from Investing
- -118
- Cash from Financing
- -100
- -330
- Free Cash Flow
- -295
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- -4,920
- OCF / Net Profit
- -0.09
- Cumulative 5-Year FCF
- -4,920
Mar 2023
- -314
- Cash from Investing
- -264
- Cash from Financing
- 888
- 310
- Free Cash Flow
- -346
- OCF / Net Profit
- -0.25
- Cumulative 5-Year FCF
- -5,212
- OCF / Net Profit
- -0.25
- Cumulative 5-Year FCF
- -5,212
Mar 2024
- -2,863
- Cash from Investing
- -307
- Cash from Financing
- 2,826
- -343
- Free Cash Flow
- -3,004
- OCF / Net Profit
- -1.73
- Cumulative 5-Year FCF
- -6,649
- OCF / Net Profit
- -1.73
- Cumulative 5-Year FCF
- -6,649
Mar 2025
- -2,734
- Cash from Investing
- -63
- Cash from Financing
- 4,057
- 1,260
- Free Cash Flow
- -2,738
- OCF / Net Profit
- -1.53
- Cumulative 5-Year FCF
- -6,415
- OCF / Net Profit
- -1.53
- Cumulative 5-Year FCF
- -6,415
Mar 2026
- -20,559
- Cash from Investing
- -3,011
- Cash from Financing
- 24,960
- 1,390
- Free Cash Flow
- -20,559
- OCF / Net Profit
- -13.48
- Cumulative 5-Year FCF
- -26,941
- OCF / Net Profit
- -13.48
- Cumulative 5-Year FCF
- -26,941
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.62 | 8.18 | 9.38 | 14.56 | 20.06 | 15.41 | 14.96 | 19.59 | 21.07 | 16.23 |
| Book Value (₹) | 39.32 | 44.97 | 51.75 | 62.69 | 81.38 | 93.68 | 105.93 | 122.27 | 139.32 | 163.83 |
| 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 (₹) | 9.32 | 8.90 | 10.19 | 16.38 | 21.90 | 17.27 | 16.88 | 21.80 | 23.45 | 18.68 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 72.35% | 65.28% | 67.40% | 74.81% | 80.14% | 72.30% | 69.93% | 72.26% | 71.61% | 69.17% |
| Net Margin % | 24.14% | 23.54% | 23.12% | 28.54% | 32.83% | 28.59% | 26.30% | 28.44% | 25.81% | 19.95% |
| ROE % | 24.01% | 19.41% | 19.40% | 25.48% | 27.87% | 17.61% | 14.99% | 17.17% | 16.11% | 11.22% |
| ROCE % | 17.64% | 13.95% | 14.34% | 15.30% | 16.78% | 12.46% | 11.85% | 13.27% | 13.32% | 9.62% |
| 5.82% | 4.99% | 4.92% | 5.96% | 6.89% | 4.97% | 4.51% | 4.93% | 4.33% | 2.71% | |
| 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) | 2.77x | 2.70x | 2.92x | 3.33x | 2.56x | 2.26x | 2.14x | 2.17x | 2.29x | 3.29x |
| Interest Coverage (x) | 2.11x | 2.33x | 2.20x | 2.21x | 2.32x | 2.26x | 2.14x | 2.22x | 2.01x | 1.67x |
| 1.58x | 1.52x | 1.41x | 2.10x | 3.54x | 2.49x | 3.14x | 0.33x | 0.45x | 0.30x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 35.87% | -2.67% | 16.79% | 26.13% | 19.97% | -11.78% | 5.53% | 21.08% | 18.49% | 10.63% |
| Operating Profit Growth % | 49.44% | -12.18% | 20.58% | 39.99% | 28.52% | -20.41% | 2.07% | 25.84% | 16.89% | 6.95% |
| Net Profit Growth % | 115.29% | -5.09% | 14.71% | 55.65% | 38.01% | -23.17% | -2.93% | 30.92% | 7.57% | -14.50% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 30.91% | 7.57% | -22.96% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.84x | 11.04x | 15.46x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.42x | 1.67x | 1.53x |
| 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 | 8.36x | 8.84x | 13.09x |
Mar 2017
- EPS (₹)
- 8.62
- Book Value (₹)
- 39.32
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 9.32
- Operating Margin %
- 72.35%
- Net Margin %
- 24.14%
- ROE %
- 24.01%
- ROCE %
- 17.64%
- 5.82%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.77x
- Interest Coverage (x)
- 2.11x
- 1.58x
- Revenue Growth %
- 35.87%
- Operating Profit Growth %
- 49.44%
- Net Profit Growth %
- 115.29%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 8.18
- Book Value (₹)
- 44.97
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 8.90
- Operating Margin %
- 65.28%
- Net Margin %
- 23.54%
- ROE %
- 19.41%
- ROCE %
- 13.95%
- 4.99%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.70x
- Interest Coverage (x)
- 2.33x
- 1.52x
- Revenue Growth %
- -2.67%
- Operating Profit Growth %
- -12.18%
- Net Profit Growth %
- -5.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 9.38
- Book Value (₹)
- 51.75
- Dividend per Share (₹)
- 2.15
- Cash EPS (₹)
- 10.19
- Operating Margin %
- 67.40%
- Net Margin %
- 23.12%
- ROE %
- 19.40%
- ROCE %
- 14.34%
- 4.92%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.92x
- Interest Coverage (x)
- 2.20x
- 1.41x
- Revenue Growth %
- 16.79%
- Operating Profit Growth %
- 20.58%
- Net Profit Growth %
- 14.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 14.56
- Book Value (₹)
- 62.69
- Dividend per Share (₹)
- 2.75
- Cash EPS (₹)
- 16.38
- Operating Margin %
- 74.81%
- Net Margin %
- 28.54%
- ROE %
- 25.48%
- ROCE %
- 15.30%
- 5.96%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.33x
- Interest Coverage (x)
- 2.21x
- 2.10x
- Revenue Growth %
- 26.13%
- Operating Profit Growth %
- 39.99%
- Net Profit Growth %
- 55.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 20.06
- Book Value (₹)
- 81.38
- Dividend per Share (₹)
- 1.25
- Cash EPS (₹)
- 21.90
- Operating Margin %
- 80.14%
- Net Margin %
- 32.83%
- ROE %
- 27.87%
- ROCE %
- 16.78%
- 6.89%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.56x
- Interest Coverage (x)
- 2.32x
- 3.54x
- Revenue Growth %
- 19.97%
- Operating Profit Growth %
- 28.52%
- Net Profit Growth %
- 38.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 15.41
- Book Value (₹)
- 93.68
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 17.27
- Operating Margin %
- 72.30%
- Net Margin %
- 28.59%
- ROE %
- 17.61%
- ROCE %
- 12.46%
- 4.97%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.26x
- Interest Coverage (x)
- 2.26x
- 2.49x
- Revenue Growth %
- -11.78%
- Operating Profit Growth %
- -20.41%
- Net Profit Growth %
- -23.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 14.96
- Book Value (₹)
- 105.93
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 16.88
- Operating Margin %
- 69.93%
- Net Margin %
- 26.30%
- ROE %
- 14.99%
- ROCE %
- 11.85%
- 4.51%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.14x
- Interest Coverage (x)
- 2.14x
- 3.14x
- Revenue Growth %
- 5.53%
- Operating Profit Growth %
- 2.07%
- Net Profit Growth %
- -2.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 19.59
- Book Value (₹)
- 122.27
- Dividend per Share (₹)
- 3.30
- Cash EPS (₹)
- 21.80
- Operating Margin %
- 72.26%
- Net Margin %
- 28.44%
- ROE %
- 17.17%
- ROCE %
- 13.27%
- 4.93%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.17x
- Interest Coverage (x)
- 2.22x
- 0.33x
- Revenue Growth %
- 21.08%
- Operating Profit Growth %
- 25.84%
- Net Profit Growth %
- 30.92%
- 30.91%
- P/E (x)
- 8.84x
- P/B (x)
- 1.42x
- Dividend Yield %
- 1.91%
- 8.36x
Mar 2025
- EPS (₹)
- 21.07
- Book Value (₹)
- 139.32
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 23.45
- Operating Margin %
- 71.61%
- Net Margin %
- 25.81%
- ROE %
- 16.11%
- ROCE %
- 13.32%
- 4.33%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 2.29x
- Interest Coverage (x)
- 2.01x
- 0.45x
- Revenue Growth %
- 18.49%
- Operating Profit Growth %
- 16.89%
- Net Profit Growth %
- 7.57%
- 7.57%
- P/E (x)
- 11.04x
- P/B (x)
- 1.67x
- Dividend Yield %
- 1.72%
- 8.84x
Mar 2026
- EPS (₹)
- 16.23
- Book Value (₹)
- 163.83
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 18.68
- Operating Margin %
- 69.17%
- Net Margin %
- 19.95%
- ROE %
- 11.22%
- ROCE %
- 9.62%
- 2.71%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 3.29x
- Interest Coverage (x)
- 1.67x
- 0.30x
- Revenue Growth %
- 10.63%
- Operating Profit Growth %
- 6.95%
- Net Profit Growth %
- -14.50%
- -22.96%
- P/E (x)
- 15.46x
- P/B (x)
- 1.53x
- Dividend Yield %
- 0.80%
- 13.09x
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