Manappuram Finance logo

Manappuram Finance share price

NSE: MANAPPURAMBSE: 531213FinanceSmall Cap

Formerly Manappuram General Finance & Leasing
Last close ₹286.10down ₹15.80 (5.23%)BSE ₹286.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹301.90.

52-week range of traded prices to 23 Oct 2026
₹245.15Low, 23 Mar 2026₹381.55High, 30 Jul 2026
Market cap
₹26,874 Cr307th largest listed
P/E
18.5
P/B
1.7
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
47,68,61243.3% delivered

Share price

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.

+1.5%over a year

ResultsDividend20-session average 44,58,942 shares a day, 40.2% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter. Income from operations is what the business earns: interest on loans, fees, dividends and the rest.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 11 Aug

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

Income from operations by year

Peak income from operations ₹10,041 Cr, year to Mar 2025

Net profit by year, a loss in red

₹ croreSep 2024Filed 7 NovDec 2024Filed 18 FebMar 2025Filed 16 JunJun 2025Filed 9 AugSep 2025Filed 30 OctDec 2025Filed 29 JanMar 2026Filed 22 JulJun 2026Filed 11 Aug
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. Not shown, EV/EBITDA: not used for a lender or an insurer.PE ratio and valuation history

Price to earnings

At or below today's level on 86% of 2,468 trading days over the last 10 years.

LowestHighest
Its median9.4Industry median19.8
Price to book

At or below today's level on 43% of 1,938 trading days since Nov 2018.

LowestHighest
Its median1.8Industry median1.1
Dividend yield

At or below today's level on 11% of 2,480 trading days over the last 10 years.

LowestHighest
Its median1.79%Industry median0.75%

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.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.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.

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

Mutual funds holding it

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.Mutual fund holdings

Bought for the first time
1
Bought again
1
Added
36
Cut
53
Held unchanged
25
Sold out
2
Fund
quant Mutual Fund logoquant Small Cap Fundquant Mutual Fund2,70,20,1642.40%₹853.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Cap FundICICI Prudential Mutual Fund1,06,42,4241.80%₹336.1 Cr
SBI Mutual Fund logoSBI ELSS Tax Saver FundSBI Mutual Fund87,52,7400.92%₹276.5 Cr
SBI Mutual Fund logoSBI Banking & Financial Services FundSBI Mutual Fund81,88,9792.48%₹258.6 Cr
SBI Mutual Fund logoSBI Arbitrage FundSBI Mutual Fund66,45,0000.45%₹209.9 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Arbitrage FundICICI Prudential Mutual Fund63,93,0000.57%₹201.9 Cr
Bandhan Mutual Fund logoBandhan Small Cap FundBandhan Mutual Fund59,28,8580.52%₹187.3 Cr
Tata Mutual Fund logoTata Arbitrage FundTata Mutual Fund54,51,0000.70%₹172.2 Cr
Invesco Mutual Fund logoInvesco India Arbitrage FundInvesco Mutual Fund51,06,0000.53%₹161.3 Cr
Kotak Mahindra Mutual Fund logoKotak Arbitrage FundKotak Mahindra Mutual Fund51,06,0000.21%₹161.3 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Non Banking Financial Company (NBFC), 281 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Manappuram Finance in market cap.

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 & InfrastructureAIIL42,18520.12.918.4−34.5%−48.8%14.2%13.3%––0.00%
HDB Financial Services logoHDB Financial ServicesHDBFS41,94314.21.9–––14.3%–––0.79%
Mahindra & Mahindra Financial Services logoMahindra & Mahindra Financial ServicesM&MFIN38,49410.71.4–+14.9%+45.8%13.8%–1.89%6.76%2.71%
Poonawalla Fincorp logoPoonawalla FincorpPOONAWALLA36,36933.42.6–+75.1%+399.2%9.2%–1.14%7.30%0.00%
IIFL Finance logoIIFL FinanceIIFL22,6919.11.5–+35.4%+190.5%17.6%–2.32%8.82%0.75%
Capri Global Capital logoCapri Global CapitalCGCL22,69120.13.2–+50.1%+95.2%19.6%–3.55%8.36%0.08%
Five-Star Business Finance logoFive-Star Business FinanceFIVESTAR13,23712.01.8–+9.8%+1.5%16.1%–7.27%19.05%0.45%
SBFC Finance logoSBFC FinanceSBFC8,85218.42.4–+27.6%+30.7%13.9%–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.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

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.Share news and 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 last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
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%
15 Oct 2026323.90329.55322.00323.40325.6919,26,48327.0%
14 Oct 2026324.15330.00321.50324.00326.3738,50,96640.6%
13 Oct 2026321.75326.75318.00326.75322.2422,39,34242.3%
12 Oct 2026315.65323.15315.60320.00320.4250,00,29950.1%
9 Oct 2026305.95315.25305.50314.80311.7847,66,37048.5%
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.

About Manappuram Finance

Manappuram Finance Limited is a non-banking financial company (NBFC) with its registered office and headquarters in Valapad, Thrissur, Kerala. Gold loans, which are loans against the security of jewellery, are its core business. It serves customers across 25 states and 3 union territories, with 3,524 gold loan branches. Its customers include people in India's semi-urban and rural regions, and it offers Online Gold Loans alongside branch lending.

Beyond gold loans, the company lends through subsidiaries and its own divisions. Asirvad Micro Finance Limited provides microfinance to women from economically weaker households. Manappuram Home Finance Limited, a wholly-owned subsidiary that began commercial operations in January 2015, focuses on affordable housing. The vehicle and equipment finance division now concentrates on commercial vehicles and two-wheelers, and discontinued farm equipment and auto loans in the year to March 2026.

Manappuram Insurance Brokers Limited, incorporated in 2002, is a wholly-owned subsidiary and an IRDAI-licensed insurance broker. Manappuram Comptech and Consultants Limited is the group's IT subsidiary. The company acts as an Indian agent for Western Union for money transfers, and runs MAkash, a prepaid payments platform launched in 2017.

The business began in 1949, when V. C. Padmanabhan, founder of the Manappuram Group of Companies, started lending against jewellery to people in his village of Valapad. The company was incorporated in 1992. It acquired Asirvad in 2015. In March 2026 it completed a preferential allotment to entities affiliated with Bain Capital.

Legal name
Manappuram Finance Limited
NSE symbol
MANAPPURAM
BSE code
531213
ISIN
INE522D01027
Industry
Finance
Listed
Nov 1995 on BSE, Jun 2010 on NSE
Face value
₹2
CIN
L65910KL1992PLC006623
Corporate identity number, the registrar of companies' code for it