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Manappuram Finance Limited (MANAPPURAM) Fair Value & Analysis

Financial Services · IN · Market cap ₹303B

MF Manappuram Finance Limited MANAPPURAM · NSE
Price₹323.10
Fair Value₹147.39
Upside-54.4%
Quality54/100
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Evidence: High Range ₹104.14 – ₹173.57

Fair value as of: Jul 3, 2026

From 26 valuation models · updated today

Share price +5.2% over the past month.

Price vs Fair Value (12 months)

₹325.12 ₹242.33 Fair Value ₹147.39 Jul 2025 Jul 2026

12‑month range ₹242.33 – ₹325.12 · fair‑value band ₹104.14 – ₹173.57 · the ₹323.10 price screens above the ₹147.39 fair value. As of Jul 3, 2026.

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Analysis

Manappuram Finance Limited (MANAPPURAM) currently trades at ₹323.10, while our model-based Fair Value estimate is ₹147.39 — implying the stock looks roughly 54.4% overvalued today. We read business quality at 54/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Manappuram Finance Limited generated revenue of ₹41.8B at a net margin of 24.0%. Revenue grew 109.3% year over year. It earns a return on equity of 7.0%. Net debt stands at ₹517B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹41.8B
Revenue growth (YoY) +109%
Net margin 24.0%
Return on equity 7.0%
Free cash flow ₹32.2B FY2026
P/E ratio 27.6
More key figures
Operating margin 45.0%
EPS (TTM) ₹11.72
Dividend yield 0.6%
EPS growth (YoY) -14.3%
Net debt ₹517B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Manappuram Finance Limited, a gold loan non-banking financial company, provides fund-based and fee-based financial services in India. It offers loans, such as gold, doorstep gold, online gold, vehicle, business, digital personal, and corporate loans; financing products, including two-wheeler finance, and micro home finance. The company also provides foreign exchange money transfer, digital wallet, and other services, such as depository services, demat account, and pan card services. In addition, it offers financing services for construction equipment and farm equipment. The company was formerly known as Manappuram General Finance and Leasing Limited and changed its name to Manappuram Finance Limited in 2011. Manappuram Finance Limited was founded in 1949 and is based in Thrissur, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Manappuram Finance Limited reported revenue of ₹95.2B in FY2026 versus ₹60.5B in FY2022, a compound +12.0%/yr. Reported net income was ₹10.0B in FY2026, compounding −6.8%/yr from FY2022.

Revenue +12.0%/yr
FY22 ₹60.5B
FY23 ₹66.5B
FY24 ₹88.0B
FY25 ₹98.9B
FY26 ₹95.2B
Net income −6.8%/yr
FY22 ₹13.3B
FY23 ₹15.0B
FY24 ₹21.9B
FY25 ₹12.2B
FY26 ₹10.0B

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Frequently asked questions

Is Manappuram Finance Limited (MANAPPURAM) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹147.39 versus a price of ₹323.10 — about −54% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MANAPPURAM?
Our model-based fair value for Manappuram Finance Limited is ₹147.39 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹323.10.
What is the quality score of MANAPPURAM?
Manappuram Finance Limited has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Manappuram Finance Limited (MANAPPURAM)?
Manappuram Finance Limited reported trailing-twelve-month revenue of about ₹41.8B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of MANAPPURAM?
The net profit margin of Manappuram Finance Limited is about 24.0%, meaning it keeps roughly 24.0% of revenue as net income. Based on the latest reported figures.
Does Manappuram Finance Limited pay a dividend?
Manappuram Finance Limited currently shows a dividend yield of about 0.63% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.