Manappuram Finance
Manappuram Finance Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Manappuram Finance Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Manappuram Finance Ltd trades at a P/E of 27.44× and P/B of 1.70×, against the Financial Services sector median P/E of 18.33×.
Valuation
Profitability
Growth
Financial Health
Manappuram Finance Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Manappuram Finance Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Manappuram Finance Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Manappuram Finance Ltd, switchable between annual and quarterly views, consolidated or standalone.
Manappuram Finance Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹29,927.25 Cr and reported EPS of ₹11.71.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,423 | 4,116 | 5,465 | 6,331 | 6,061 | 6,684 | 8,848 | 10,041 | 9,509 |
| Other Income | 53 | 63 | 86 | 44 | 65 | 66 | 72 | 34 | 15 |
| Total Income | 3,477 | 4,179 | 5,551 | 6,375 | 6,126 | 6,750 | 8,920 | 10,075 | 9,525 |
| Gross Profit | 3,423 | 4,116 | 5,465 | 6,331 | 6,061 | 6,684 | 8,848 | 10,041 | 9,509 |
| +Operating Expenses | 1,364 | 1,291 | 1,286 | 1,208 | 1,621 | 1,985 | 2,220 | 2,523 | 2,528 |
| EBITDA | 2,060 | 2,825 | 4,179 | 5,122 | 4,440 | 4,699 | 6,628 | 7,517 | 6,982 |
| +Non-Operating Expenses | 1,096 | 1,395 | 1,996 | 2,390 | 2,209 | 2,392 | 3,112 | 3,842 | 4,092 |
| Profit Before Tax (PBT) | 1,017 | 1,427 | 2,007 | 2,316 | 1,784 | 2,041 | 2,960 | 1,666 | 1,270 |
| +Tax Expense | 349 | 498 | 527 | 591 | 455 | 541 | 762 | 462 | 277 |
| Profit After Tax (PAT) | 668 | 929 | 1,480 | 1,725 | 1,329 | 1,500 | 2,197 | 1,204 | 993 |
| Earnings Per Share (EPS) | 7.96 | 11.03 | 17.37 | 20.37 | 15.70 | 17.72 | 25.86 | 14.37 | 10.68 |
| Diluted Shares Outstanding (Nos.) | 84 | 84 | 84 | 85 | 85 | 85 | 85 | 85 | 94 |
| +Banking Income | 3,477 | 4,179 | 5,551 | 6,375 | 6,126 | 6,750 | 8,920 | 10,075 | 9,525 |
| +Additional Disclosures | 2,457 | 2,749 | 3,550 | 4,043 | 4,334 | 4,736 | 5,957 | 8,401 | 8,360 |
| Sales Growth % | — | 20.24 | 32.77 | 15.83 | -4.26 | 10.28 | 32.38 | 13.48 | -5.29 |
| YoY Sales Growth % | — | 20.24 | 32.77 | 15.83 | -4.26 | 10.28 | 32.38 | 13.48 | -5.29 |
| Employee Cost % | 18 | 17 | 15 | 13 | 19 | 22 | 18 | 18 | 19 |
| Other Cost % | 22 | 14 | 8 | 6 | 8 | 8 | 7 | 7 | 7 |
| OPM % | 60 | 69 | 76 | 81 | 73 | 70 | 75 | 75 | 73 |
| Tax % | 34 | 35 | 26 | 26 | 26 | 27 | 26 | 28 | 22 |
| Profit Growth % | — | 39.06 | 59.26 | 16.53 | -22.97 | 12.90 | 46.48 | -45.22 | -17.51 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| +Additional Fields | — | 20 | 24 | 20 | 26 | 25 | 51 | 81 | 79 |
Manappuram Finance segment analysis: revenue and profit mix.
Disclosed business segments at Manappuram Finance with their share of revenue and profit, switchable between consolidated and standalone reporting.
Manappuram Finance discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Manappuram Finance Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Manappuram Finance Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Manappuram Finance Ltd's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Manappuram Finance exhibits a robust operating profit margin (OPM) of 49.40%, showcasing efficient cost management and strong profitability in its core operations. This indicates a healthy ability to translate sales into profits.
The company maintains a significant promoter holding of 35.25% (as of 2025-09-01), reflecting strong confidence from the leadership in its long-term vision and future prospects.
With a market capitalization of ₹23,463 crore, Manappuram Finance holds a substantial position within the NBFC sector, indicating its considerable size and market influence.
The company's competitive Return on Capital Employed (ROCE) of 11.00% demonstrates effective utilization of capital to generate profits, outperforming several key industry peers.
Manappuram Finance offers a healthy dividend yield of 1.28%, which is attractive compared to many peers, providing a consistent return to its shareholders.
What can break it.
The company's high debt-to-equity ratio of 2.90 indicates significant reliance on debt financing, which could pose challenges during economic downturns or rising interest rates.
A substantial decline of -75.00% in quarterly profit variation raises serious concerns about the company's short-term financial performance, requiring careful analysis.
Manappuram Finance's recent quarterly sales showed a negative variation of -9.08%, indicating a potential slowdown in revenue generation that needs close monitoring.
The stock's Price-to-Earnings (P/E) ratio of 29.30 is considerably higher than the sector P/E of 18.68, suggesting the stock might be overvalued relative to its industry.
Intensifying competition from other NBFCs and banks in the lending space could put pressure on Manappuram Finance's market share and profit margins.
What would change my mind.
Trim if P/E re-rates above 36 (~2.0× the sector multiple of 18.3). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 360.69. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Manappuram Finance Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Manappuram Finance Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Manappuram Finance Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Manappuram Finance Ltd — derived from the live tape, not yesterday's close.
Manappuram Finance Ltd last traded at ₹318.65 with an intraday range of ₹305.9–₹319.75 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹318.65| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 351.33 | +32.68 | +10.26% |
| R3 | 337.48 | +18.83 | +5.91% |
| R2 | 328.62 | +9.97 | +3.13% |
| R1 | 323.63 | +4.98 | +1.56% |
| PIVOT | 314.77 | -3.88 | -1.22% |
| CURRENT | 318.65 | — | — |
| S1 | 282.08 | -36.57 | -11.48% |
| S2 | 295.93 | -22.72 | -7.13% |
| S3 | 300.92 | -17.73 | -5.57% |
| S4 | 309.78 | -8.87 | -2.78% |
MANAPPURAM is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 305.9 ~ 316.5
Trading Inside opening range
Manappuram Finance Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Manappuram Finance Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Manappuram Finance Ltd stood at 46.0% of traded volume, against a 20-day average of 39.8%.
Manappuram Finance announcements: results, concalls, ratings, M&A.
Filings Manappuram Finance sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Manappuram Finance files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 164 documents below.
Copy of Newspaper Publication
Manappuram Finance Limited has informed the Exchange about Copy of Newspaper Publication
Change in Director(s)
Manappuram Finance Limited has informed the Exchange regarding Change in Director(s) of the company.
Analysts/Institutional Investor Meet/Con. Call Updates
Manappuram Finance Limited has informed the Exchange about Transcript
General Updates
Manappuram Finance Limited has informed the Exchange about General Updates
Copy of Newspaper Publication
Manappuram Finance Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Manappuram Finance insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Manappuram Finance as reported to SEBI — buying and selling signals from the people who know the business best.
Manappuram Finance insider activity below tracks 1 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| B.N. Raveendra Babu | Insider | 14 May 2025 | sell | −1.00 L | ₹2.33 Cr | ₹233.00 |
Manappuram Finance dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Manappuram Finance has declared, sequenced by announce and record date.
Manappuram Finance corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Manappuram Finance Ltd: business, sector, key facts.
What Manappuram Finance Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Manappuram Finance Ltd operates in the Financial Services, listed as NSE: MANAPPURAM, BSE: 531213.
Manappuram Finance Limited is a prominent non-banking financial company (NBFC) based in Thrissur, India, specializing in gold loans. Established in 1949 (formerly known as Manappuram General Finance and Leasing Limited), the company's core business revolves around providing retail credit and financial services across a wide spectrum of the Indian population.
Their flagship product is gold loans, secured by used household gold jewelry. This service caters to a significant portion of their clientele and is a key driver of their revenue. They also offer online gold loan applications for added convenience, further expanding their reach and accessibility. Beyond gold loans, the company diversifies its portfolio by providing microfinance loans targeted at low-income individuals in rural and semi-urban areas.
Manappuram Finance expands its service offerings beyond its core gold loan business by providing a range of financial solutions. These include loans for residential construction, home improvements, and expansions. They also act as a distributor for both life and non-life insurance products, broadening their customer base and income streams. Furthermore, the company offers IT solutions, suggesting a dedication to technological advancement within their operations.
The company’s services extend to encompass various sectors. They provide vehicle and equipment finance, including options for commercial vehicles, construction equipment, two-wheelers, cars, and farm equipment. This diversification demonstrates a strategic effort to reach a broader customer base across different financial needs. In addition to lending, Manappuram also offers supplementary fee-based services such as money transfer, foreign exchange transactions, and depository services.
Manappuram Finance serves a varied clientele, including retail customers, microfinance borrowers, small and medium enterprises (SMEs), and commercial clients. Their extensive branch network covers 28 states and 4 Union Territories across India, highlighting their wide geographical reach and commitment to nationwide service. The company's long history and comprehensive financial solutions position it as a major player in India's NBFC sector.
Questions investors ask about Manappuram Finance Ltd (MANAPPURAM).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Manappuram Finance Ltd (MANAPPURAM)?
The current share price of Manappuram Finance Ltd (MANAPPURAM) is ₹318.65. Today, the stock has declined by ₹2.70 (0.84%), trading in a range of ₹305.9 to ₹319.75. The stock opened at ₹311.75 with a trading volume of 30,24,159 shares.
02Is Manappuram Finance Ltd stock a good investment for long-term?
Manappuram Finance Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹29,927.25 crores, P/E ratio of 27.44, ROE of 6.97%, and ROCE of 11.00%. The dividend yield stands at 0.63%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Manappuram Finance Ltd stock?
The 52-week high price of Manappuram Finance Ltd (MANAPPURAM) is ₹334, while the 52-week low is ₹245.15. Currently trading at ₹318.65, the stock is 82.7% away from its 52-week low and 4.6% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Manappuram Finance Ltd stock at the current price?
Whether to buy Manappuram Finance Ltd stock at ₹318.65 depends on multiple factors. The stock is currently trading with a P/E ratio of 27.44 and P/B ratio of 1.70. Today's performance shows a loss of 0.84%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Manappuram Finance Ltd and when is the next dividend?
Manappuram Finance Ltd offers a dividend yield of 0.63%, which means for every ₹100 invested at the current price of ₹318.65, you can expect to receive approximately ₹0.63 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Manappuram Finance Ltd?
Manappuram Finance Ltd's key financial metrics include: P/E Ratio: 27.44, P/B Ratio: 1.70, ROE: 6.97%, ROCE: 11.00%, Dividend Yield: 0.63%, EPS: ₹11.71, Book Value: ₹189.53, and Debt-to-Equity: 360.19. The company's market cap stands at ₹29,927.25 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Manappuram Finance Ltd stock performing today in the market?
Manappuram Finance Ltd stock opened at ₹311.75 and is currently trading at ₹318.65, showing a decline of ₹2.70 (0.84%). The intraday high is ₹319.75 and low is ₹305.9. The trading volume stands at 30,24,159 shares, indicating strong market participation today.
08What is the P/E ratio of Manappuram Finance Ltd and what does it indicate?
Manappuram Finance Ltd has a Price-to-Earnings (P/E) ratio of 27.44, which means investors are willing to pay ₹27.44 for every ₹1 of earnings. With an EPS of ₹11.71, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Manappuram Finance Ltd (MANAPPURAM) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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