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Manappuram Finance Q1 FY27 Share Price & Earnings Call Analysis

₹302.10+4.62% today
Market cap
₹28,373 Cr
P/E
19.58
ROE
6.97%
PEG
-1.53
Price to sales
2.76
Debt to equity
3.60
52W high / low
₹372 / ₹251
Sales growth (5Y)
8.48%
EBITDA margin
62.68%
Net profit margin
10.34%
Promoter holding
41.66%
Sales (last year)
₹10,275 Cr

Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).(Source : 202003 Annual Report Page No:120)

Guidance scorecard · Q1 FY27 call

What Manappuram Finance Ltd's management guided
and where it ranks in Finance

#17of 59 in
Finance
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Gold loan growth guidance for FY27 is around 25%-30%, with a Q1 growth of nearly 12%.
  • Branch expansion plan includes opening around 500 new branches in FY27, primarily in South, Central, and Eastern India.
  • Yield on gold loans is expected to stabilize around 18%, with possible minor fluctuations of ±25 basis points.
  • Income-generating gold loans segment is scaling up cautiously, capped at 18% yield and LTV ranges of 75%-85%.
  • Non-gold businesses like vehicle finance are currently in growth moderation; vehicle loans paused for the year, potential restart in FY28.

2 more points from Manappuram Finance Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Manappuram Finance Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Strategic focus remains on branch expansion, targeting around 500 new branches primarily for gold loans in FY 2027.
  • Expansion will be concentrated mainly in South and Central India (~60%), Eastern states (~25%), and rest of India.
  • Emphasis is on strengthening the senior leadership team and upgrading technology, governance, and operational efficiency.

2 more points from Manappuram Finance Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Manappuram Finance Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Manappuram Finance Ltd said on the order book →

Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Manappuram Finance Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

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Financials of Manappuram Finance Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Manappuram Finance Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue +1,7762,0302,1612,3052,3482,4882,6332,5602,3612,2622,2732,3542,614
Interest5896486897497798489069258958558769451,109
Expenses +5876716757297738468921,1911,6371,2331,0181,034877
Financing Profit600710796827796793835444-172174380375627
Financing Margin %34%35%37%36%34%32%32%17%-7%8%17%16%24%
Other Income +23271321142443232512
Depreciation56566262656467706675797775
Profit before tax567681747786746753773376-236102302303564
Tax %27%27%25%27%24%26%26%26%-14%-30%28%21%28%
Net Profit +415498561575564557572278-203132217239405
EPS in Rs4.885.866.606.776.636.556.743.33-2.261.632.602.854.77
Gross NPA %
Net NPA %

Financials of Manappuram Finance Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue +1,9882,3693,4063,4214,1805,4656,3316,0616,7008,84810,0079,509
Interest8779471,1691,0301,3451,8322,2192,0112,1882,8663,5413,786
Expenses +6488201,0111,3441,3651,5471,6692,1332,3172,8484,5674,162
Financing Profit4626011,2251,0471,4692,0862,4431,9162,1953,1341,8991,561
Financing Margin %23%25%36%31%35%38%39%32%33%35%19%16%
Other Income +533586386446550723415
Depreciation5456636875164171198204246267307
Profit before tax4145481,1661,0371,4572,0072,3161,7842,0412,9601,6661,270
Tax %34%35%35%35%35%26%26%26%26%26%28%22%
Net Profit +2713557586769491,4801,7251,3291,5002,1971,204993
EPS in Rs3.234.208.988.0411.1617.3720.3715.7017.6725.8614.3711.85
Dividend Payout %42%54%17%25%19%16%10%19%17%13%28%23%

Financials of Manappuram Finance Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital168168168169169169169169169169169188
Reserves2,4652,5903,1933,6454,3785,5777,1388,1999,47611,37912,26315,863
Borrowing8,6329,63810,98612,60715,29723,02223,32724,81629,16734,32036,07757,837
Other Liabilities +352443804609602767703623693880696672
Total Liabilities11,61612,83915,15217,03020,44629,53531,33833,80839,50446,74849,20574,559
Fixed Assets +2062302223103678039261,0521,0941,0701,1341,057
CWIP10101381317331127
Investments2174955174903384215347267882,051
Other Assets +11,19312,56014,92516,71519,90428,63930,06632,32237,86044,91847,27271,424
Total Assets11,61612,83915,15217,03020,44629,53531,33833,80839,50446,74849,20574,559

Financials of Manappuram Finance Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-888-1,042-1,271-33-1,661-3,620-619-423-3,103-3,450-467-20,238
Cash from Investing Activity +64972-25-148-37126-186-193-616-601-125-1,632
Cash from Financing Activity +2657721,2112932,3886,049594383,8494,0921,13223,834
Net Cash Flow26-198-841123562,455-747-177130415411,965
Free Cash Flow-912-1,121-1,324-193-1,787-3,716-672-585-3,275-3,585-662-20,427
CFO/OP-56%-56%-36%17%-40%-81%-0%2%-60%-44%5%-369%

Financials of Manappuram Finance Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %11%13%25%19%22%28%26%17%17%21%10%7%

Guidance history

How Manappuram Finance Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlannedPlanned—
Q2 FY26 call →20–40%FlatPlannedPlannedFlat

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

54out of 100

Momentum score · price trend

54 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+9.2%68%
Last 6 months+2.6%57%
Last 3 months−18.0%21%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Manappuram Finance Ltd: 0.4 × 68 + 0.4 × 57 + 0.2 × 21 = 54.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Manappuram Finance Ltd's management said in earlier quarters

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