Arthneeti

Manba Finance Q2 FY27 Share Price & Earnings Call Analysis

₹145.39-1.12% today
Market cap
₹729 Cr
P/E
14.94
ROE
11.65%
PEG
0.34
Price to sales
2.07
Debt to equity
3.80
52W high / low
₹147 / ₹101
Sales growth (5Y)
25.50%
EBITDA margin
65.97%
Net profit margin
13.82%
Promoter holding
74.98%
Sales (last year)
₹354 Cr

Incorporated in 1996, Manba Finance Ltd provides finance for vehicles, used cars, small business loans and personal loans[1]

Guidance scorecard · Q2 FY27 call

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

#35of 59 in
Finance
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ2 FY27 call

20–40%
  • The company expects robust growth driven by 2-wheeler demand, supported by the expansion of the dealer network and entry into new states like UP, MP, Rajasthan, and Karnataka.
  • AUM growth guidance for FY27 and FY28 is 30% to 35%. The company has already achieved 20% growth in the first half of FY27, with strong seasons (Navratri and Diwali) contributing in H2.
  • Disbursements for Q2 FY27 were INR267 crores, up from INR233 crores YoY; first half FY27 disbursements reached INR493 crores vs. INR398 crores last year.
  • New product segments like used vehicle loans, top-up loans, personal loans, and MSME LAP are expected to increase share and improve yields.

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

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

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

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Manba Finance Limited is investing significantly in technology, spending around INR 2 crores yearly on tech upgrades.
  • Recent technology initiatives include implementation of AI tools for better MIS, reporting, and projections.
  • They have reduced disbursement turnaround time from 3.5-4 days to 1.5-2 days, targeting same-day disbursement by year-end.
  • The company treats technology expenditure as an investment critical for future growth.
Full Q2 FY27 analysis

FundraisingQ2 FY27 call

Planned

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

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • Dealer discussions indicate 75%-80% confidence in 2-wheeler growth for the current season.
  • Strong demand expected in the 2-wheeler and 3-wheeler segments, especially post-festive seasons like Navratri and Diwali.
  • Company expects disbursement growth of 30%-35% for FY27.
  • New dealer additions: Over 100 dealers onboarded recently in Karnataka; expansion in UP, MP, Rajasthan ongoing.
  • Disbursements in October and November expected to be strong, supporting growth targets.

2 more points from Manba Finance Ltd's call on the order book

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Full Q2 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 Manba 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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Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Manba Finance Ltd announcements

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Financials of Manba Finance Ltd

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

Shareholder Pattern

Manba Finance Ltd

Shareholding breakup across reporting periods.

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs +5.16%2.35%0.92%0.87%0.88%0.92%0.87%0.92%1.07%
DIIs +3.26%0.42%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public +16.60%22.26%24.09%24.16%24.15%24.11%24.15%24.09%23.95%
No. of Shareholders36,35124,80723,66122,31221,18419,44618,49117,89817,281

Financials of Manba Finance Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue +35485549656968677890939398
Interest18222423272829323542434440
Expenses +13191918212327232630333234
Financing Profit47128171812111618181723
Financing Margin %12%15%22%16%26%26%18%17%21%20%19%19%23%
Other Income +10000002-00000
Depreciation1111111111111
Profit before tax46117161611121517171622
Tax %36%23%13%21%27%21%28%20%25%24%34%18%37%
Net Profit +3510512138101113111314
EPS in Rs0.711.282.601.382.322.581.601.942.272.602.222.642.73
Gross NPA %3.56%3.37%3.64%2.83%3.68%3.47%3.38%3.58%3.41%
Net NPA %2.89%2.70%2.84%2.21%2.82%2.64%2.57%2.67%2.52%

Financials of Manba Finance Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +2987118105107133192251328374
Interest11355051475782108152169
Expenses +1231383437526788112128
Financing Profit6222921232543556477
Financing Margin %21%25%25%19%21%19%22%22%20%21%
Other Income +01-3-5-710-020
Depreciation1224444555
Profit before tax6212412122139506272
Tax %32%32%24%25%22%28%19%25%26%
Net Profit +41418991531384551
EPS in Rs1.934.234.832.412.504.038.287.529.0310.19
Dividend Payout %0%0%0%0%0%0%0%10%11%

Financials of Manba Finance Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital691313131338505050
Reserves3294123130140154163319360384
Borrowing973723943793956087631,0841,5561,573
Other Liabilities +831116161510131423
Total Liabilities1435065415285647899741,4661,9792,031
Fixed Assets +10151416132220181514
CWIP0000000000
Investments000001827389467
Other Assets +1334915275125517499271,4101,8701,949
Total Assets1435065415285647899741,4661,9792,031

Financials of Manba Finance Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +77318-124-141-320-378
Cash from Investing Activity +-1-1-1-191-15-60
Cash from Financing Activity +-13-6919202156450465
Net Cash Flow-7336591611527
Free Cash Flow67118-125-143-323-379

Financials of Manba Finance Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %10%13%17%9%10%10%17%13%12%

Guidance history

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

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlannedPlannedRising
Q1 FY27 call →20–40%FlatPlannedPlannedRising
Q4 FY26 call →20–40%FlatPlannedPlanned—
Q3 FY26 call →20–40%FlatPlannedPlannedRising

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

38out of 100

Momentum score · price trend

38 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+7.2%68%
Last 6 months+33.2%83%
Last 3 months+7.3%79%

The price is 20.4% below its all-time high of ₹182.7 (6 Dec 2024). Stocks more than 20% below their peak have their score halved, so 76 became 38.

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 Manba Finance Ltd: 0.4 × 68 + 0.4 × 83 + 0.2 × 79 = 76, halved to 38 because the price is more than 20% below its all-time high.

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 30 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 Manba Finance Ltd's management said in earlier quarters

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