Manappuram Finance share price
NSE: MANAPPURAMBSE: 531213FinanceSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹302.10.
30 Oct: open ₹299.40, high ₹301.40, low ₹289.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹27,147 Cr307th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 18.73
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.69
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.87%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 10.2%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Net interest margin in the glossary
- 10.13%
- Cost of fundsCost of funds. Interest paid ÷ the average of what the company pays interest on × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Cost of funds in the glossary
- 8.17%
- Credit costCredit cost. What was set aside for loans that may not be repaid ÷ average loans given × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Credit cost in the glossary
- 2.96%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. Return on assets in the glossary
- 1.60%
- LeverageAssets per rupee of net worth. Average total assets ÷ average net worth: rupees of assets for each rupee of net worth; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. Assets per rupee of net worth in the glossary
- 4.34times net worth
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 36,03,08545.6% delivered
About Manappuram Finance
Manappuram Finance Limited is a non-banking financial company (NBFC, a lender that is not a bank) headquartered in Valapad, Thrissur, Kerala, whose main product is the gold loan, a loan made against household gold jewellery.123 It lends mainly to customers with limited access to banks in India's semi-urban and rural regions and also offers microfinance, vehicle finance, affordable housing finance, loans against property and loans to small businesses.14
Gold loans can be taken, renewed and managed digitally through its Online Gold Loan (OGL) platform.5 It also offers foreign exchange and money transfer as the Indian agent for Western Union, and runs MAkash, a prepaid payments platform.67 Its subsidiaries are Asirvad Micro Finance, a microfinance lender to women in low-income households that also makes gold loans, and Manappuram Home Finance, an affordable housing lender.89 Manappuram Insurance Brokers sells life and general insurance, including through its MaSuraksha online portal, and Manappuram Comptech and Consultants provides technology services.8910
The business traces its roots to 1949, when founder V.C. Padmanabhan began lending against jewellery in the fishing village of Valapad.11 The company was incorporated on 15 Jul 1992 and acquired Asirvad Micro Finance in 2015.31 Its promoters are V.P. Nandakumar, its chairman and managing director, and Sushama Nandakumar; from 21 Apr 2026, BC Asia Investments XXV and BC Asia Investments XIV, affiliates of Bain Capital, acquired control of the company alongside them.121314
Manappuram Finance key points
Results
- In the quarter to Jun 2026, consolidated revenue from operations was ₹3,033 crore, up 34% on a year earlier and 16% on the quarter before.15
- Consolidated profit after tax for the quarter to Jun 2026, before minority interest (the share of subsidiaries' profit owed to their outside shareholders), was ₹585 crore, up 44.5% on the quarter before.16
- In the year to Mar 2026, consolidated revenue from operations was ₹9,509 crore and profit after tax before minority interest ₹993 crore, down 17.5% on a year earlier, which the company attributes to lower interest rates on its gold loans.1718
Loan book and deposits
- Consolidated assets under management (AUM, loans made and not yet repaid) were ₹69,635 crore at the end of June 2026, up 57% on a year earlier; gold loans were ₹57,006 crore, 82% of the total, against 65% a year earlier.19
- Loans under management by business at the end of June 2026202122Asirvad's figure includes ₹2,344 crore of gold loans.
Item quarter to Jun 2026 Gold loans, Manappuram Finance ₹54,655 crore Asirvad Micro Finance, including its gold loans ₹7,188 crore MSME and allied loans ₹3,303 crore Vehicle finance ₹2,562 crore Home loans, Manappuram Home Finance ₹1,847 crore - On a standalone basis, in the quarter to Jun 2026, the company added about 3.2 lakh new gold loan customers, taking the total to 26.5 lakh, and its average loan-to-value ratio (the loan as a share of the pledged gold's value) was 65.6%.23
- Gross non-performing assets (loans the borrower has stopped repaying) were 1.56% of the standalone book at the end of June 2026, against 1.8% in March; in vehicle finance they were 13.3%, against 10.4%.24
Branches and reach
- The group has more than 5,000 branches and about 43,000 employees.25
- Gold loan branches by region, June 20262627
Item quarter to Jun 2026 South 63% North 17% East 10% West 10% - Asirvad Micro Finance had 1,503 microfinance branches at the end of June 2026, after consolidating 64, and 530 gold loan branches by July 2026.2829
- Manappuram Home Finance has 94 branches, focused on South and West India, and the MSME business lends from about 160 of the company's gold loan branches.3031
Capital and credit ratings
- At the end of June 2026, consolidated net worth (the shareholders' funds: assets less liabilities) was ₹16,552 crore.32
- At the end of March 2026, CRISIL and CareEdge gave the company a long-term credit rating (an agency's grade of its ability to repay debt) of AA (Stable), and S&P Global and Fitch Ratings BB- (Stable) on their international scales.33
What the company expects
- On its earnings call of 11 Aug 2026, the company said it expects gold loans to grow 25% to 30% in the year to Mar 2027, with the gold loan yield (interest earned as a share of the loans) around 18%.34
- The company said it plans to open around 500 gold loan branches across Manappuram Finance and Asirvad, about 60% of them in the 5 southern states and Maharashtra, now that RBI approval is no longer needed.3536
- The company said it aims to keep gold loans at around 75% to 80% of consolidated AUM and microfinance at 8% to 10%, and that it does not plan to disburse vehicle loans this year.3738
- The company said it targets a return on assets of around 3.5% to 4% and a return on equity (profit as a share of shareholders' funds) of 15% to 18%, reaching around 18% in 3 years.39
Recent events
- On its earnings call of 11 Aug 2026, the company said Ashish Singh has been appointed managing director and CEO and is expected to join by 1 Jan 2027.40
- In April 2026, the company invested ₹788.43 crore in a rights issue (new shares offered to existing shareholders) of Asirvad Micro Finance, raising its holding to 98.97%, and ₹150 crore in Manappuram Home Finance.41
- On 27 Mar 2026, the company allotted 9,29,01,373 shares at ₹236 each, worth ₹2,192.47 crore, to BC Asia Investments XXV Limited, and as many warrants (rights to buy shares later) at ₹236 each to BC Asia Investments XIV Limited.42
- On 18 Mar 2026, the company said it had received all statutory approvals, including the RBI's, for Bain Capital's investment of about ₹4,385 crore in the company and joint control with the existing promoters.4344
Last updated
All 44 sources, each with its page
- 1. Annual report, 20 Jul 2026, page 65
- 2. Annual report, 20 Jul 2026, page 134
- 3. Annual report, 20 Jul 2026, page 220
- 4. Annual report, 20 Jul 2026, page 6
- 5. Annual report, 20 Jul 2026, page 75
- 6. Annual report, 20 Jul 2026, page 28
- 7. Annual report, 20 Jul 2026, page 29
- 8. Annual report, 20 Jul 2026, page 134
- 9. Annual report, 20 Jul 2026, page 132
- 10. Annual report, 20 Jul 2026, page 133
- 11. Annual report, 20 Jul 2026, page 3
- 12. Annual report, 20 Jul 2026, page 195
- 13. Annual report, 20 Jul 2026, page 63
- 14. Annual report, 20 Jul 2026, page 6
- 15. Earnings call, 11 Aug 2026, page 3
- 16. Earnings call, 11 Aug 2026, page 5
- 17. Annual report, 20 Jul 2026, page 75
- 18. Annual report, 20 Jul 2026, page 5
- 19. Earnings call, 11 Aug 2026, page 5
- 20. Earnings call, 11 Aug 2026, page 4
- 21. Earnings call, 11 Aug 2026, page 5
- 22. Earnings call, 11 Aug 2026, page 5
- 23. Earnings call, 11 Aug 2026, page 5
- 24. Earnings call, 11 Aug 2026, page 5
- 25. Investor presentation, 11 Aug 2026, page 5
- 26. Investor presentation, 11 Aug 2026, page 22
- 27. Investor presentation, 11 Aug 2026, page 22
- 28. Investor presentation, 11 Aug 2026, page 31
- 29. Investor presentation, 11 Aug 2026, page 32
- 30. Investor presentation, 11 Aug 2026, page 33
- 31. Investor presentation, 11 Aug 2026, page 35
- 32. Earnings call, 11 Aug 2026, page 6
- 33. Annual report, 20 Jul 2026, page 9
- 34. Earnings call, 11 Aug 2026, page 11
- 35. Earnings call, 11 Aug 2026, page 10
- 36. Earnings call, 11 Aug 2026, page 13
- 37. Earnings call, 11 Aug 2026, page 13
- 38. Earnings call, 11 Aug 2026, page 14
- 39. Earnings call, 11 Aug 2026, page 15
- 40. Earnings call, 11 Aug 2026, page 4
- 41. Annual report, 20 Jul 2026, page 306
- 42. Annual report, 20 Jul 2026, page 6
- 43. Exchange filing, 18 Mar 2026, page 1
- 44. Exchange filing, 18 Mar 2026, page 2
Results
Consolidated; ₹ crore. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Manappuram Finance quarterly results
- Income from operations growth, 12 monthsIncome from operations growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +4.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +81.2%
Quarter to Jun 2026, against the quarter before
- Income from operationsIncome from operations. The pill is the change in income from operations against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,034 Crup 16.08%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹585 Crup 44.46%
Income from operations by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income from operations | 2,633 | 2,560 | 2,360 | 2,262 | 2,283 | 2,353 | 2,614 | 3,034 |
| Net profit | 572 | 278 | −203 | 132 | 217 | 239 | 405 | 585 |
Year to Mar 2026, against the year before
- Income from operationsIncome from operations. The pill is the change in income from operations against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹9,509 Crdown 5.29%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹993 Crdown 17.51%
Income from operations by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income from operations | 3,388 | 3,423 | 4,116 | 5,465 | 6,331 | 6,061 | 6,684 | 8,848 | 10,041 | 9,509 |
| Net profit | 756 | 671 | 929 | 1,480 | 1,725 | 1,329 | 1,500 | 2,197 | 1,204 | 993 |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Gold loan and othersGold loan and others, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹8,274 Crup 12.72%86.9%
- Micro FinanceMicro Finance, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,250 Crdown 54.28%13.1%
Valuation
Today, against the company's own history.Manappuram Finance PE ratio and valuation
At or below today's level on 87% of 2,467 trading days over the last 10 years.
At or below today's level on 44% of 1,943 trading days since Nov 2018.
At or below today's level on 10% of 2,479 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +8.7% | −25.7% | +45.1% | 0.8% |
| 3 years | +28.1% | −15.5% | +49.9% | 1.5% |
| 5 years | +12.9% | −12.1% | +26.3% | 1.9% |
Mutual fund holdings
116 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 77 of the 89 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 116 funds holding Manappuram Finance
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 36
- CutCut. Funds that held fewer shares than at the end of the month before.
- 53
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 25
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 2
| Fund | |||
|---|---|---|---|
| 2,70,20,164 | 2.40% | ₹853.4 Cr | |
| 1,06,42,424 | 1.80% | ₹336.1 Cr | |
| 87,52,740 | 0.92% | ₹276.5 Cr | |
| 81,88,979 | 2.48% | ₹258.6 Cr | |
| 66,45,000 | 0.45% | ₹209.9 Cr | |
| 63,93,000 | 0.57% | ₹201.9 Cr | |
| 59,28,858 | 0.52% | ₹187.3 Cr | |
| 54,51,000 | 0.70% | ₹172.2 Cr | |
| 51,06,000 | 0.53% | ₹161.3 Cr | |
| 51,06,000 | 0.21% | ₹161.3 Cr |
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Manappuram Finance insider trading
- Employees1 purchase, 1 sale₹0.00 Cr₹0.66 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹0.66 Cr
- Others2 purchases, 0 sales₹0.15 CrNo saleNet₹0.15 Cr
- Promoters and promoter group: no market trade · 1 pledge created
Manappuram Finance competitors and peers
Non Banking Financial Company (NBFC), 277 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Manappuram Finance in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 41,795 | 19.96 | 2.84 | −34.5% | −48.8% | 14.2% | 13.3% | – | – | 0.00% | |
| 41,419 | 13.99 | 1.87 | – | – | 14.3% | – | – | – | 0.80% | |
| 40,657 | 37.38 | 2.96 | +75.1% | +399.2% | 9.2% | – | 1.14% | 7.30% | 0.00% | |
| 36,381 | 10.11 | 1.32 | +14.9% | +45.8% | 13.8% | – | 1.89% | 6.76% | 2.87% | |
| 22,521 | 9.04 | 1.46 | +35.4% | +190.5% | 17.6% | – | 2.32% | 8.82% | 0.76% | |
| 22,153 | 16.91 | 2.78 | +52.9% | +82.8% | 17.9% | – | 3.55% | 8.36% | 0.09% | |
| 11,715 | 10.49 | 1.48 | +8.3% | +1.0% | 15.2% | – | 7.27% | 19.05% | 0.50% | |
| 9,357 | 18.35 | 2.31 | +28.4% | +29.9% | 13.6% | – | 4.58% | 11.41% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Manappuram Finance dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 17 Aug 2026 | Interim | ₹1.00 |
| 11 May 2026 | Interim | ₹0.50 |
| 6 Feb 2026 | Interim | ₹0.50 |
| 7 Nov 2025 | Interim | ₹0.50 |
| 14 Aug 2025 | Interim | ₹0.50 |
| 15 May 2025 | Interim | ₹0.50 |
Latest announcements
Routine notices left out.Manappuram Finance announcements
Sep 2026
15 Sep · Management
15 Sep · Management
1 Sep · Management
Aug 2026
17 Aug
Manappuram Finance share price by year
Each calendar year to 2025.Manappuram Finance share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 308.55 | +63.7% | 314.55 | 171.46 |
| 2024 | 188.45 | +9.6% | 228.32 | 139.50 |
| 2023 | 172.00 | +48.1% | 176.65 | 102.20 |
| 2022 | 116.15 | −29.4% | 170.20 | 82.70 |
| 2021 | 164.60 | −0.5% | 222.30 | 141.80 |
| 2020 | 165.50 | −6.7% | 190.95 | 79.20 |
| 2019 | 177.40 | +90.8% | 178.80 | 90.95 |
| 2018 | 93.00 | −24.6% | 127.75 | 68.25 |
| 2017 | 123.40 | +83.4% | 123.40 | 68.95 |
| 2016 | 67.30 | +128.5% | 104.55 | 26.10 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 291.25 | 305.25 | 290.20 | 302.10 | 300.55 | 48,50,252 | 23.7% |
| 28 Oct 2026 | 286.45 | 292.00 | 284.20 | 288.75 | 288.24 | 16,59,909 | 42.0% |
| 27 Oct 2026 | 287.50 | 290.65 | 285.55 | 286.45 | 287.86 | 26,58,223 | 49.3% |
| 26 Oct 2026 | 282.60 | 290.25 | 270.85 | 287.50 | 283.54 | 64,41,428 | 35.9% |
| 23 Oct 2026 | 299.50 | 299.50 | 284.50 | 286.10 | 288.24 | 47,68,612 | 43.3% |
| 22 Oct 2026 | 298.00 | 304.90 | 296.00 | 301.90 | 300.83 | 25,59,173 | 32.1% |
| 21 Oct 2026 | 318.00 | 318.00 | 298.20 | 301.60 | 302.33 | 68,58,480 | 44.0% |
| 19 Oct 2026 | 324.75 | 325.95 | 316.20 | 319.55 | 320.25 | 18,95,664 | 39.9% |
| 16 Oct 2026 | 323.70 | 327.60 | 318.35 | 323.95 | 322.63 | 25,29,892 | 27.6% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 9 Jun 2011 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 3 May 2010 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
| 19 May 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
| 14 Mar 2007 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
Company details
- Chairperson and managing director
- Vazhappully Padmanabhan Nandakumar
- At the end of the quarter to Sep 2026
- NSE symbol
- MANAPPURAM
- BSE code
- 531213
- ISIN
- INE522D01027
- Industry
- Finance
- Website
- www.manappuram.com
- CIN
- L65910KL1992PLC006623
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1992
- Registered office
- IV/470A (old) W/638A (new), Manappuram House, Valappad, P.O. Valappad, Thrissur 680567, Kerala
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments