Manappuram Finance logo

Manappuram Finance share price

NSE: MANAPPURAMBSE: 531213FinanceSmall Cap

Manappuram Finance Limited · Formerly Manappuram General Finance & Leasing · Face value ₹2 · Listed Nov 1995 on BSE, Jun 2010 on NSE
Last close ₹289.00down ₹13.10 (4.34%)BSE ₹289.00

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

52-week range of traded prices to 30 Oct 2026
₹245.15Low, 23 Mar 2026₹381.55High, 30 Jul 2026
Market cap
₹27,147 Cr307th largest listed
P/E
18.73
P/B
1.69
Dividend yield
0.87%
ROE
10.2%
NIM
10.13%
Cost of funds
8.17%
Credit cost
2.96%
ROA
1.60%
Leverage
4.34times net worth
Volume, NSE
36,03,08545.6% delivered

Manappuram Finance share price chart

Daily closes since May 2010, BSE closes Jan 2007 to Jun 2010, adjusted for splits and bonuses. Earlier closes are left out: on 3 May 2010 the price changed in a way no corporate action on record explains.

+5.1%over a year · Nifty 500 −8.2%

ResultsDividend20-session average 38,70,403 shares a day, 41.0% 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 2026202122
    Itemquarter 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
    Asirvad's figure includes ₹2,344 crore of gold loans.
  • 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
    Itemquarter to Jun 2026
    South63%
    North17%
    East10%
    West10%
  • 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. 1. Annual report, 20 Jul 2026, page 65
  2. 2. Annual report, 20 Jul 2026, page 134
  3. 3. Annual report, 20 Jul 2026, page 220
  4. 4. Annual report, 20 Jul 2026, page 6
  5. 5. Annual report, 20 Jul 2026, page 75
  6. 6. Annual report, 20 Jul 2026, page 28
  7. 7. Annual report, 20 Jul 2026, page 29
  8. 8. Annual report, 20 Jul 2026, page 134
  9. 9. Annual report, 20 Jul 2026, page 132
  10. 10. Annual report, 20 Jul 2026, page 133
  11. 11. Annual report, 20 Jul 2026, page 3
  12. 12. Annual report, 20 Jul 2026, page 195
  13. 13. Annual report, 20 Jul 2026, page 63
  14. 14. Annual report, 20 Jul 2026, page 6
  15. 15. Earnings call, 11 Aug 2026, page 3
  16. 16. Earnings call, 11 Aug 2026, page 5
  17. 17. Annual report, 20 Jul 2026, page 75
  18. 18. Annual report, 20 Jul 2026, page 5
  19. 19. Earnings call, 11 Aug 2026, page 5
  20. 20. Earnings call, 11 Aug 2026, page 4
  21. 21. Earnings call, 11 Aug 2026, page 5
  22. 22. Earnings call, 11 Aug 2026, page 5
  23. 23. Earnings call, 11 Aug 2026, page 5
  24. 24. Earnings call, 11 Aug 2026, page 5
  25. 25. Investor presentation, 11 Aug 2026, page 5
  26. 26. Investor presentation, 11 Aug 2026, page 22
  27. 27. Investor presentation, 11 Aug 2026, page 22
  28. 28. Investor presentation, 11 Aug 2026, page 31
  29. 29. Investor presentation, 11 Aug 2026, page 32
  30. 30. Investor presentation, 11 Aug 2026, page 33
  31. 31. Investor presentation, 11 Aug 2026, page 35
  32. 32. Earnings call, 11 Aug 2026, page 6
  33. 33. Annual report, 20 Jul 2026, page 9
  34. 34. Earnings call, 11 Aug 2026, page 11
  35. 35. Earnings call, 11 Aug 2026, page 10
  36. 36. Earnings call, 11 Aug 2026, page 13
  37. 37. Earnings call, 11 Aug 2026, page 13
  38. 38. Earnings call, 11 Aug 2026, page 14
  39. 39. Earnings call, 11 Aug 2026, page 15
  40. 40. Earnings call, 11 Aug 2026, page 4
  41. 41. Annual report, 20 Jul 2026, page 306
  42. 42. Annual report, 20 Jul 2026, page 6
  43. 43. Exchange filing, 18 Mar 2026, page 1
  44. 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 months
+4.8%
Net profit growth, 12 months
+81.2%

Quarter to Jun 2026, against the quarter before

Income from operations
₹3,034 Crup 16.08%
Net profit
₹585 Crup 44.46%

Income from operations by quarter

₹2,633 CrSep 24₹2,560 CrDec 24₹2,360 CrMar 25₹2,262 CrJun 25₹2,283 CrSep 25₹2,353 CrDec 25₹2,614 CrMar 26₹3,034 CrJun 26
Peak income from operations ₹3,034 Cr, quarter to Jun 2026; lowest ₹2,262 Cr, quarter to Jun 2025

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹572 CrSep 24₹278 CrDec 24−₹203 CrMar 25₹132 CrJun 25₹217 CrSep 25₹239 CrDec 25₹405 CrMar 26₹585 CrJun 26
A loss in 1 of the 8 quarters shown
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Income from operations2,6332,5602,3602,2622,2832,3532,6143,034
Net profit572278−203132217239405585
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Gold loan and others₹8,274 Crup 12.72%86.9%
  • Micro Finance₹1,250 Crdown 54.28%13.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Manappuram Finance PE ratio and valuation

Price to earnings

At or below today's level on 87% of 2,467 trading days over the last 10 years.

LowestHighest
Its median9.38Industry median18.76
Price to book

At or below today's level on 44% of 1,943 trading days since Nov 2018.

LowestHighest
Its median1.81Industry median1.04
Dividend yield

At or below today's level on 10% of 2,479 trading days over the last 10 years.

LowestHighest
Its median1.79%Industry median0.77%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Manappuram Finance shareholding pattern

Shareholding by group

  • Promoters41.66%
  • Foreign institutions21.04%
  • Indian institutions17.55%
  • Individuals and others19.76%
Holder
Nandakumar V PPromoter26.18%
BC Asia Investments XXV LimitedPromoter9.89%
Sushama NandakumarPromoter5.11%
Smallcap World Fund, IncForeign portfolio investors, category I5.04%
Government Pension Fund GlobalForeign portfolio investors, category I2.47%
Jyothy PrasannanPromoter0.48%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 0.44% of their shares. Since Jun 2026: promoters unchanged, foreign institutions −1.26 pts, Indian institutions +2.70 pts, mutual funds +2.92 pts.

The filing reports 9,29,01,373 of its 93,93,36,102 shares locked in.

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 time
1
Bought again
1
Added
36
Cut
53
Held unchanged
25
Sold out
2
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 31 Oct 2025.Manappuram Finance insider trading

Bought on the market Sold on the market
  • Employees1 purchase, 1 sale₹0.00 Cr₹0.66 CrNet−₹0.66 Cr
  • Others2 purchases, 0 sales₹0.15 CrNo saleNet₹0.15 Cr
  • Promoters and promoter group: no market trade · 1 pledge created
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Authum Investment & Infrastructure logoAuthum Investment & InfrastructureAIIL41,79519.962.84−34.5%−48.8%14.2%13.3%––0.00%
HDB Financial Services logoHDB Financial ServicesHDBFS41,41913.991.87––14.3%–––0.80%
Poonawalla Fincorp logoPoonawalla FincorpPOONAWALLA40,65737.382.96+75.1%+399.2%9.2%–1.14%7.30%0.00%
Mahindra & Mahindra Financial Services logoMahindra & Mahindra Financial ServicesM&MFIN36,38110.111.32+14.9%+45.8%13.8%–1.89%6.76%2.87%
IIFL Finance logoIIFL FinanceIIFL22,5219.041.46+35.4%+190.5%17.6%–2.32%8.82%0.76%
Capri Global Capital logoCapri Global CapitalCGCL22,15316.912.78+52.9%+82.8%17.9%–3.55%8.36%0.09%
Five-Star Business Finance logoFive-Star Business FinanceFIVESTAR11,71510.491.48+8.3%+1.0%15.2%–7.27%19.05%0.50%
SBFC Finance logoSBFC FinanceSBFC9,35718.352.31+28.4%+29.9%13.6%–4.58%11.41%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

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

2Mar 182.2Mar 192.2Mar 202Mar 213Mar 223Mar 233.6Mar 243.5Mar 252Mar 261Mar 27so far
Highest ₹3.55 a share, year to Mar 2024.
Ex-dateTypePer share
17 Aug 2026Interim₹1.00
11 May 2026Interim₹0.50
6 Feb 2026Interim₹0.50
7 Nov 2025Interim₹0.50
14 Aug 2025Interim₹0.50
15 May 2025Interim₹0.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Manappuram Finance announcements

Manappuram Finance share price by year

Each calendar year to 2025.Manappuram Finance share price history

YearClose at year endChangeHighest closeLowest close
2025308.55+63.7%314.55171.46
2024188.45+9.6%228.32139.50
2023172.00+48.1%176.65102.20
2022116.15−29.4%170.2082.70
2021164.60−0.5%222.30141.80
2020165.50−6.7%190.9579.20
2019177.40+90.8%178.8090.95
201893.00−24.6%127.7568.25
2017123.40+83.4%123.4068.95
201667.30+128.5%104.5526.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 2026291.25305.25290.20302.10300.5548,50,25223.7%
28 Oct 2026286.45292.00284.20288.75288.2416,59,90942.0%
27 Oct 2026287.50290.65285.55286.45287.8626,58,22349.3%
26 Oct 2026282.60290.25270.85287.50283.5464,41,42835.9%
23 Oct 2026299.50299.50284.50286.10288.2447,68,61243.3%
22 Oct 2026298.00304.90296.00301.90300.8325,59,17332.1%
21 Oct 2026318.00318.00298.20301.60302.3368,58,48044.0%
19 Oct 2026324.75325.95316.20319.55320.2518,95,66439.9%
16 Oct 2026323.70327.60318.35323.95322.6325,29,89227.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
9 Jun 2011Bonus0.5000Holders received 1 bonus share for every 1 held.
3 May 2010Price 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 2009Price 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 2007Price 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.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Where an event has no factor that can be worked out, the chart leaves out the closes before it. Any other event is noted and not adjusted for.

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
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