Company File · BSE 531213 · Latest filing Q1 FY27
Standalone = this company only. Consolidated = including its subsidiaries.
Manappuram Finance Limited
Data as of 19 Oct 2026 close · BSE · Latest results Q1 FY27
ISIN INE522D01027 · MANAPPURAM · Financial Services › Finance
About the business
What does Manappuram Finance do? It is a Kerala-based non-banking finance company best known for gold loans. What is a gold loan? A loan where customers pledge gold jewellery as security. It also offers microfinance through its subsidiary Asirvad Micro Finance, along with vehicle loans & housing finance, through a large branch network across India.
Price & valuation · BSE close, 19 Oct 2026
Below its usual level
Book value ₹170 a share
- NII growth
- +32.6%
- Profit growth
- +40.7%
- Credit cost
- 1.27%
- Price/book
- 1.88×
- Usual P/B
- 2.1×
- ROA
- 3.95%
- ROE
- 15.5%
- Borrowings/equity
- 3.18×
- Promoter
- 41.66%
- Pledged
- 0.44%
From the latest earnings call · Apr to Jun 2026 · transcript filed 17 Aug 2026
Manappuram Finance's Apr–Jun 2026 consolidated AUM grew 57% from a year earlier to ₹69,635 crore, with gold loans at ₹57,006 crore. PAT surged 47% from a year earlier to ₹585 crore. Management plans 500 branch openings, targets 25-30% gold loan growth & expects yields around 18%.
Is it expensive, and is it a good business?
Key ratios
In short Priced below its own usual level (P/B 1.88× vs 2.1×), earns about 15.5% a year on shareholders' money (ROE, an estimate), loses about 1.27% of its loans a year to bad loans (credit cost, an estimate) & borrows ₹3.18 for every ₹1 of shareholders' money.
What you pay Valuation
The share price is 1.9 times the accounting value of each share. Below its 1-year median of 2.1×.
Latest BSE close ÷ book value per share (equity ÷ shares) on the latest balance-sheet date. As of 19th October 2026.
Each share is backed by about ₹170 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
The company paid ₹2.50 a share in the last 12 months (4 payouts), 0.78% of today's share price.
Dividends per share with an ex-date in the last 12 months (restated for any split or bonus since) ÷ the latest BSE close. As of 19th October 2026.
How it is doing Growth, credit costs, returns & borrowing
NII was 32.6% higher than in Q1 FY26.
Latest quarter's net interest income (interest income less finance costs) vs the same quarter a year earlier. As of 30th June 2026.
Profit was 40.7% higher than in Q1 FY26.
Latest quarter's profit vs the same quarter a year earlier (the shareholders' share when the filings give it for both). As of 30th June 2026.
Its credit losses come to about 1.27% of its loans for a year, on Q1 FY27's figure.
Latest quarter: credit losses (impairment on financial instruments) × 4 ÷ the average loan book on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th June 2026.
Each ₹100 of its assets earned about ₹3.95 in a year, on Q1 FY27's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average total assets on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th June 2026.
Each ₹100 of shareholders' money earned about ₹15.5 in a year, on Q1 FY27's profit.
Latest quarter: the quarter's profit, a year's worth (× 4), ÷ average shareholders' equity on the two latest balance sheets. An estimate, as balance sheets come every six months. As of 30th June 2026.
It has borrowed ₹3.18 for every ₹1 of shareholders' money.
Borrowings ÷ shareholders' equity on the latest balance sheet. As of 31st March 2026.
Who owns it Ownership & more
The founders or parent group own 41.66% of the company.
Promoter & promoter group shareholding from the latest shareholding pattern filed with BSE. As of 30th September 2026.
Promoter holding did not change over the last quarter.
Latest quarter's promoter holding minus the previous quarter's. As of 30th September 2026.
Promoter holding, quarter by quarter
- Sep 202641.66%
- Jun 202641.66%
- Sep 202535.25%
Promoters have pledged 0.44% of their shares (17.2 lakh shares), 0.18% of the company.
Promoter group shares pledged ÷ all the promoter group's shares, from the shareholding pattern filed with BSE each quarter (other encumbrances, such as non-disposal undertakings, are not counted). As of 30th September 2026.
Pledged, quarter by quarter
- Sep 20260.44%
- Jun 20260.00%
- Sep 20250.00%
Each share has a face (nominal) value of ₹2. It matters for dividends quoted as a percentage, not for valuation.
Face value per share as BSE lists it today.
About 93.93 crore shares were in issue.
BSE's count of listed shares (BSE's market cap ÷ its price), so splits, bonuses & new shares since the latest results are included. As of 19th October 2026.
Your ratios
Ratios you added. Your choices are remembered on this device.
The stock market values the company at about ₹29,946 crore.
Latest BSE close × BSE's count of listed shares. As of 19th October 2026.
Buying the whole business, including its debt and keeping its cash, would cost about ₹75,627 crore.
Market value + borrowings − cash & bank balances. As of 19th October 2026.
The company reported ₹1,684 crore of profit over the last four quarters.
Sum of the last four quarters' reported profit after tax. As of 30th June 2026.
Each share earned about ₹19.22 over the last year.
Sum of the last four quarters' basic EPS. Uses earnings per share from continuing operations, so a one-off gain from selling a business does not flatter it. As of 30th June 2026.
Each share is backed by about ₹170 of net assets on the books.
Shareholders' equity ÷ shares. As of 31st March 2026.
About ₹70.6 of every ₹100 of sales was left after running costs.
EBITDA ÷ revenue over the last four quarters. As of 30th June 2026.
About ₹21.7 of every ₹100 of sales became profit last quarter.
Profit after tax ÷ revenue for the latest quarter. As of 30th June 2026.
Sales were 45.9% higher than a year earlier.
Latest quarter's revenue vs the same quarter last year. As of 30th June 2026.
Profit was 40.7% higher than a year earlier.
Latest quarter's profit after tax vs the same quarter last year (continuing operations when a one-off discontinued item exists). As of 30th June 2026.
No accepted balance sheet for this basis yet.
Current assets ÷ current liabilities. As of 31st March 2026.
Needs four consecutive quarters.
Trade receivables ÷ last 12 months' revenue × 365. As of 31st March 2026.
Stock on hand equals about 0 days of sales.
Inventories ÷ last 12 months' revenue × 365. As of 31st March 2026.
0.8% of pre-tax profit came from other income (interest, dividends, gains).
Other income ÷ profit before tax, last 12 months. As of 30th June 2026.
Each ₹1 of profit brought in ₹-13.48 of operating cash.
Latest full year's cash from operations ÷ profit after tax. As of 31st March 2026.
Borrowings exceed cash by ₹45,681 crore.
Cash & bank balances − borrowings. As of 31st March 2026.
The company paid about 25.2% of its pre-tax profit as tax.
Tax expense ÷ profit before tax (continuing operations), last 12 months. As of 30th June 2026.
Operating profit before interest, depreciation & tax was ₹5,960 crore.
Revenue − expenses + finance costs + depreciation, last four quarters. As of 30th June 2026.
Needs five financial years of cash flows.
Sum over five financial years of (cash from operations − capital expenditure).
The company spent ₹152 crore on plant & equipment.
Purchase of property, plant & equipment, latest full year. As of 31st March 2026.
Borrowings stood at ₹50,612 crore.
Current + non-current borrowings. As of 31st March 2026.
Foreign institutions own 21.04%.
Foreign institutional holding from the latest shareholding pattern. As of 30th September 2026.
Domestic institutions own 17.55%.
Domestic institutional holding (mutual funds, insurers, banks, pension funds). As of 30th September 2026.
The highest price in the last year was ₹381.4.
Highest intraday BSE price in the last 12 months (raw, not adjusted). As of 30th July 2026.
The lowest price in the last year was ₹245.1.
Lowest intraday BSE price in the last 12 months (raw, not adjusted). As of 23rd March 2026.
The share price moved 10.8% over the last year.
Close today ÷ close a year ago − 1 (raw prices, dividends not included). As of 19th October 2026.
About 13% of the last year's earnings per share was paid out as dividends.
Dividends per share with an ex-date in the last 12 months ÷ the last four quarters' EPS. As of 30th June 2026.
Needs four financial years of results (three years of growth).
Compound annual growth in revenue over three financial years.
Needs four financial years of results (three years of growth).
Compound annual growth in profit after tax over three financial years.
Tap the i beside any ratio for a plain explanation.
How these are worked out
Price-based ratios use the latest BSE close (19th October 2026). Share count 93.93 crore, from paid-up capital in the 19th October 2026 filing. Figures are standalone.
What you pay: Banks & other lenders are valued on their books, so P/B (price ÷ book value per share) stands where P/E would.
How it is doing: Growth is on the same period a year earlier. The credit cost is a year's credit losses on its average loans: lower is better. ROA & ROE take the latest results' profit for a year on the average of the two latest balance sheets. Borrowings ÷ equity shows how much of its lending runs on borrowed money.
Who owns it: A steady promoter stake with nothing pledged is a calm sign.
+ Add your own ratios
Your choices are remembered on this device.
Last 4 quarters ₹ crore · Standalone
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Interest income | 1,829 | 1,914 | 2,124 | 2,571 |
| Net interest income (NII) | 1,141 | 1,150 | 1,192 | 1,464 |
| Credit losses | 120.1 | 128.0 | 215.6 | 148.5 |
| Cost-to-income | 44.9% | 44.9% | 42.1% | 38.2% |
| Profit after tax | 375.9 | 381.2 | 375.5 | 551.8 |
| Basic EPS (₹) | 4.44 | 4.50 | 4.41 | 5.87 |
Latest filings BSE
Corporate announcements 12
- 15 Sep 2026Change in Management
- 1 Sep 2026Change in Management
- 17 Aug 2026AllotmentAllotment of Equity Shares
Quarterly results 4
- 11 Aug 2026Press Release / Media Release
- 11 Aug 2026Board Meeting Outcome for Declaration Of Interim DividendOutcome of Board Meeting
- 11 Aug 2026Standalone And Consolidated Financial Results For The First Quarter Ended 30Th June 2026
Conference calls 4
- 17 Aug 2026Earnings Call TranscriptOpens the call notes & transcript
- 12 Aug 2026Analyst / Investor Meet - Intimation
- 11 Aug 2026Analyst / Investor Meet - Outcome
Investor presentations 1
- 11 Aug 2026Investor Presentation
Members see every filing, and what each means for the company in Corporate Intelligence.
The full Company File
- Price, P/E, P/B & returns charts
- Growth vs last year, explained
- Lender numbers, each with its last 8 quarters
- Accounts checks
- Who owns it
- 8 quarters, balance sheet & cash flow
- Every BSE filing, in four panels
- Excel & CSV downloads
Education & analysis only, not investment advice or a recommendation.