Manappuram Finance Ltd

About Manappuram Finance Ltd

Manappuram Finance Ltd. is a leading Indian Non-Banking Financial Company (NBFC) primarily engaged in providing gold loans, offering credit against pledged gold ornaments. It has strategically diversified its portfolio into microfinance, vehicle finance, and housing finance, serving a wide customer base across India through an extensive network of branches, reinforcing its market position.

Key Financial Ratios of Manappuram Finance Ltd

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Manappuram Finance Ltd's P/E ratio (TTM) is 18.71, compared to the industry median of 20.55 and large cap median of 13.12.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Manappuram Finance Ltd's P/B ratio is 1.77, compared to the industry median of 1.24 and large cap median of 0.95.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Manappuram Finance Ltd's P/S ratio is 3.25, compared to the industry median of 4.30 and large cap median of 3.07.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Manappuram Finance Ltd's PEG ratio is 0.59.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Manappuram Finance Ltd's EV/EBITDA ratio is 15.40.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Manappuram Finance Ltd's ROE is 6.19%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Manappuram Finance Ltd's ROA is 2.09%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Manappuram Finance Ltd's ROCE is 31.50%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Manappuram Finance Ltd's operating margin is 16.42%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Manappuram Finance Ltd's net margin is 10.44%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Manappuram Finance Ltd's current ratio is 106.29.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Manappuram Finance Ltd's debt-to-equity ratio is 0.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Manappuram Finance Ltd's interest coverage ratio is 1.34.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Manappuram Finance Ltd's DPS is ₹2.73.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Manappuram Finance Ltd's EPS is -17.54.

(Source line: "Ratios as of 21 Sept 2026, based on last traded price of ₹337. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1992 (as Manappuram General Finance and Leasing Limited)

• Headquarters: Valapad, Thrissur, Kerala

• Core Offerings: Gold Loans, Microfinance, Vehicle & Equipment Finance, Housing Finance

• Stock Listing: NSE (MANAPPURAM), BSE (531213)

• Promoter: V.P. Nandakumar / Manappuram Group

History of Manappuram Finance Ltd

Manappuram Finance originated in 1949 as a gold loan business by V.C. Padmanabhan. In 1986, his son V.P. Nandakumar took over, transforming it. The company was incorporated as Manappuram General Finance and Leasing Limited in 1992, subsequently listing on exchanges. It was renamed Manappuram Finance Ltd. in 2007 and has since diversified aggressively into microfinance, housing, and vehicle finance, becoming a prominent multi-product NBFC.

Business Segments and Revenue Mix

• Gold Loans: The primary business, offering quick and accessible credit against gold ornaments, catering to the financial needs of individuals and small businesses, particularly in rural and semi-urban areas.

• Microfinance (via Asirvad Micro Finance Ltd.): Provides small loans, predominantly to women from economically weaker sections, for income-generating activities, promoting financial inclusion and empowerment.

• Vehicle & Equipment Finance (via Manappuram Asset Finance Ltd.): Offers finance solutions for new and pre-owned vehicles, including commercial vehicles, and construction equipment, serving individuals and MSMEs.

• Housing Finance (via Manappuram Home Finance Ltd.): Provides affordable home loans to self-employed and salaried individuals, with a focus on serving customers in tier-2 and tier-3 cities.

Key Personnel

V.P. Nandakumar, MD & CEO: Son of the founder, he is credited with transforming Manappuram from a regional player into a nationally recognized NBFC. A veteran in the financial services industry, he spearheads the company's strategic vision and diversification efforts.

Subsidiaries and Associate Companies

• Asirvad Micro Finance Limited

• Manappuram Home Finance Ltd

• Manappuram Insurance Brokers Ltd

• Manappuram Asset Finance Ltd

Corporate Actions

The company routinely approves and raises funds via Non-Convertible Debentures (NCDs) to support its growth and operations. No major recent bonus or rights issues, or significant M&A activities beyond organic expansion and subsidiary acquisitions.

References

1. Annual Report FY2024
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcement (Q4 FY24 Investor Presentation)
4. Company Website