Manba Finance Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 24 May 2026 | Finance | Market Cap: ₹672 Cr
The company targets a sustainable AUM growth rate of 25% to 30% annually. Manish Shah expects a sustainable AUM growth of 25-30% annually, targeting around INR 2,300-2,400 crore by year-end.
From Manba Finance Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹131
Market Cap
₹672 Cr
P/E Ratio
13.8
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📊 Revenue & Sales Performance
- →The company targets a sustainable AUM growth rate of 25% to 30% annually.
- →They expect to achieve around INR 2,300 to INR 2,400 crore in AUM by the end of the current year.
- →Incremental AUM growth of at least 30% year-on-year is anticipated through new geographies and product additions.
- →Expansion into underpenetrated markets like Uttar Pradesh (currently 1% market share) and Madhya Pradesh (3% market share) is planned, offering significant growth opportunities.
- →New product lines such as used 2-Wheeler loans, 3-Wheeler financing, top-up loans, personal loans, and MSME LAP will diversify revenue streams and reduce reliance on 2-Wheeler loans from 84% to about 65% over three years.
- →Dealer network expansion (from 1,200 to 1,650+) is expected to boost disbursement growth further.
- →Stable asset quality and evolving AI initiatives are expected to enhance operational efficiency and support growth.
📈 Profitability & Margins
- →Manish Shah expects a sustainable AUM growth of 25-30% annually, targeting around INR 2,300-2,400 crore by year-end. (Page 7)
- →New products and expansion into new geographies like UP, MP, Karnataka, and potentially West Bengal will drive growth. (Pages 6-7)
- →The 2-Wheeler portfolio percentage is expected to decline to 60-65% in three years, with growth in used vehicles, 3-Wheelers, MSME LAP, and top-up loans contributing to diversified income. (Pages 6, 14)
- →Profit after tax grew 20% in FY26 to INR 45 crore with ROE improvement from 10.25% to 11.65% signaling strong profitability trends. (Page 5)
- →Operational efficiencies like faster loan approvals and AI integration in collections and pricing will support improved operating earnings. (Pages 6, 16)
- →The company is confident in delivering sustainable, profitable growth and consistent stakeholder value. (Pages 3-4, 16)
🏗️ Capital Expenditure Plans
💰 Fundraising & Capital Structure
- →Manish Shah confirmed a new equity fundraise will happen this year, though timelines may shift to the 3rd or 4th quarter due to geopolitical issues affecting valuations.
- →The company aims to raise funds at better valuations (around INR 135-150), postponing the raise until market conditions stabilize.
- →The firm maintains comfort with a debt-to-equity ratio below 4.
- →On the debt side, no immediate new major fundraising was mentioned, but the company has successfully raised INR 420 crore in the recent quarter, including term loans and NCD issuances.
- →The average cost of borrowing has decreased to around 10.5%, and efforts continue to lower it further.
- →Fundraising plans focus on disciplined growth with prudent risk management and improving operating efficiency.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Manba Finance Ltd Q4 FY26 results?
The company targets a sustainable AUM growth rate of 25% to 30% annually. Manish Shah expects a sustainable AUM growth of 25-30% annually, targeting around INR 2,300-2,400 crore by year-end.
What is Manba Finance Ltd share price analysis?
Manba Finance Ltd currently shows a neutral. The stock trades at a P/E of 13.8 with a market cap of ₹672 Cr. Investors should review the full earnings analysis for detailed insights.
Is Manba Finance Ltd planning capital expenditure?
The company is focusing on geographic expansion, with plans to enter Uttar Pradesh (UP), Madhya Pradesh (MP), Rajasthan, and Karnataka in the near term, and potentially West Bengal by next year.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.