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Manappuram Finance Ltd (MANAPPURAM) is currently trading at 260.05 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Manappuram Finance is an India-focused NBFC whose core business is retail lending against used household gold jewellery, complemented by microfinance, housing finance, vehicle and equipment finance, and MSME loans; it operates a pan-India branch network of over 5,000 outlets and serves roughly 2.6 million active customers through subsidiaries like Asirvad Microfinance and Manappuram Home Finance. Q3 FY2026 consolidated AUM expanded to INR 52,125 crore driven by a sharp increase in gold loans to INR 38,754 crore, up 58% YoY and 23% QoQ; Online Gold Loan (OGL) adoption has accelerated and now represents about 92% of gold AUM, with rising average ticket sizes and materially higher AUM per branch indicating faster digital acceptance and deeper wallet penetration. Profitability shows mixed signals: consolidated PAT rose to INR 239 crore in Q3 (up 9.8% QoQ) but nine‑month PAT of INR 588 crore is materially lower versus prior year INR 1,407 crore, reflecting compressed NII, higher provisions and lower PPOP; standalone profitability remains stronger than consolidated but return ratios (ROA, ROE) are down year‑on‑year across the group. Substantial divergence within the group: Asirvad Microfinance is loss-making with Q3 PAT before OCI negative and AUM down over 50% YoY, while Vehicle & Equipment Finance shows stress with GNPA at 13.7% in Q3; these pockets are driving elevated provisions and require active remediation and capital allocation decisions from management. Balance sheet and funding remain supportive: consolidated CRAR/Tier 1 is strong at c.24.6%, cash and equivalents around INR 4,671 crore, diversified borrowings across term loans, ECBs, NCDs and CP, and a declining consolidated cost of borrowing near 9.0%, which together provide liquidity headroom to fund growth while managing ALM.
Over the past 52 weeks, Manappuram Finance Ltd has traded between a low of ₹219.65 and a high of ₹320.95. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Manappuram Finance Ltd has a market capitalization of approximately 21,622.18. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Manappuram Finance Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 62.17 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 21,622.18 Cr, Manappuram Finance Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Manappuram Finance Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Manappuram Finance Ltd is 62.17. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Bain Capital has committed to invest approximately ₹4,385 crore in Manappuram Finance through a combination of preferential allotment and a mandatory open offer.
Bain Capital's total committed investment in Manappuram Finance is approximately ₹4,385 crore, which will be used to acquire a stake of up to 41.66%.
Bain Capital is investing approximately ₹4,385 crore in Manappuram Finance through a preferential allotment of equity shares and warrants.
Bain Capital has committed to invest approximately Rs 4,385 crore in Manappuram Finance through a preferential allotment and a subsequent open offer.
Bearish
2
Neutral
6
Bullish
6
Bearish
21
Neutral
6
Bullish
19
Bearish
19
Neutral
0
Bullish
13
Pre-Offer Advertisement
Pre-offer advertisement/corrigendum: Bain-led acquirers (BC Asia/Bain Capital) propose open offer for up to 24,42,27,387 shares (26% of expanded voting capital) of Manappuram Finance at INR 236/share plus INR 12.29/share interest; IDC calls price fair.
Open Offer Update
BC Asia/Bain-led acquirer proposes an open offer to buy up to 24,42,27,387 shares (26% expanded voting capital) of Manappuram Finance at ₹236 per share plus ₹12.29 interest for delay; Kotak Mahindra issued the pre-offer advertisement/corrigendum and the IDC finds the offer fair.
Board Meeting Outcome
Board approved borrowing programme for FY2026-27 including issuance of redeemable NCDs up to Rs 7,400 crore; appointed Mr. Narayanan Easwaran as Group CTO; authorised additional investments of Rs 790.59 crore in Asirvad MFI and Rs 150 crore in Manappuram Home Finance.
Board Meeting Outcome
Manappuram Finance Board (30-Mar-2026) approved FY2026‑27 borrowing programme including issuance of redeemable NCDs up to Rs 7,400 Cr, appointed Mr. Narayanan Easwaran as Group CTO, and sanctioned additional investments in Asirvad (Rs 7,90,59,04,996) and Manappuram Home Finance (Rs 150 Cr).
Board Meeting Outcome
Board approved FY2026-27 borrowing programme including issuance of redeemable NCDs up to Rs.7,400 Crore; appointed Mr. Narayanan Easwaran as Group CTO effective 30‑Mar‑2026; approved additional equity investments in Asirvad MF (up to Rs.7,90,59,04,996) and Manappuram Home Finance (up to Rs.1,50,00,00,000).
SAST Disclosure
On March 28, 2026, BC Asia Investments XXV Limited and persons acting in concert (several BC Asia/Bain Capital funds) filed a disclosure under Reg.29(1) of SEBI (SAST) relating to a substantial acquisition of shares in Manappuram Finance Ltd.
Manappuram Finance is an India-focused NBFC whose core business is retail lending against used household gold jewellery, complemented by microfinance, housing finance, vehicle and equipment finance, and MSME loans; it operates a pan-India branch network of over 5,000 outlets and serves roughly 2.6 million active customers through subsidiaries like Asirvad Microfinance and Manappuram Home Finance.
Q3 FY2026 consolidated AUM expanded to INR 52,125 crore driven by a sharp increase in gold loans to INR 38,754 crore, up 58% YoY and 23% QoQ; Online Gold Loan (OGL) adoption has accelerated and now represents about 92% of gold AUM, with rising average ticket sizes and materially higher AUM per branch indicating faster digital acceptance and deeper wallet penetration.
Profitability shows mixed signals: consolidated PAT rose to INR 239 crore in Q3 (up 9.8% QoQ) but nine‑month PAT of INR 588 crore is materially lower versus prior year INR 1,407 crore, reflecting compressed NII, higher provisions and lower PPOP; standalone profitability remains stronger than consolidated but return ratios (ROA, ROE) are down year‑on‑year across the group.
Substantial divergence within the group: Asirvad Microfinance is loss-making with Q3 PAT before OCI negative and AUM down over 50% YoY, while Vehicle & Equipment Finance shows stress with GNPA at 13.7% in Q3; these pockets are driving elevated provisions and require active remediation and capital allocation decisions from management.
Balance sheet and funding remain supportive: consolidated CRAR/Tier 1 is strong at c.24.6%, cash and equivalents around INR 4,671 crore, diversified borrowings across term loans, ECBs, NCDs and CP, and a declining consolidated cost of borrowing near 9.0%, which together provide liquidity headroom to fund growth while managing ALM.
Finance
Non Banking Financial Company (NBFC)
21,622 Cr
Moderate Risk
62.2
17.0
0.9
1.7
320.95
219.65
Sales CAGR
Profit CAGR
ROE
ROCE
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
419.80 | 35,655 Cr | 9.81 | 2.19 | 0.03 | 24.66 | 18.84 | 18.10 | ||
393.30 | 31,968 Cr | 90.38 | 3.24 | 0.00 | 2.21 | 5.04 | 0.74 | ||
255.45 | 21,622 Cr | 62.17 | 1.70 | 1.57 | 3.53 | 7.94 | 0.75 | ||
437.10 | 18,483 Cr | 14.60 | 1.43 | 0.00 | 6.62 | 8.57 | 1.90 | ||
166.40 | 16,010 Cr | 18.57 | 2.40 | 0.10 | 10.74 | 10.39 | 3.46 | ||
361.00 | 10,656 Cr | 11.43 | 1.56 | 0.55 | 16.24 | 14.39 | 7.18 | ||
82.84 | 9,143 Cr | 26.78 | 2.85 | 0.00 | 10.82 | 10.38 | 4.02 | ||
| Median: 7 Co. | — | 361.00 | 18,483 Cr | 18.57 | 2.19 | 0.03 | 10.74 | 10.38 | 3.46 |
