Manba Finance Ltd
Incorporated in 1996, Manba Finance Ltd provides finance for vehicles, used cars, small business loans and personal loans[1]
- Market Cap ₹ 704 Cr.
- Current Price ₹ 140
- High / Low ₹ 202 / 119
- Stock P/E 18.6
- Book Value ₹ 73.4
- Dividend Yield 0.36 %
- ROCE 13.1 %
- ROE 13.3 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 13.4% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Non Banking Financial Company (NBFC)
Part of BSE IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
87 | 118 | 105 | 107 | 133 | 192 | 250 | |
Interest | 35 | 50 | 51 | 47 | 57 | 82 | 108 |
31 | 38 | 34 | 37 | 52 | 67 | 88 | |
Financing Profit | 22 | 29 | 21 | 23 | 25 | 43 | 55 |
Financing Margin % | 25% | 25% | 19% | 21% | 19% | 22% | 22% |
1 | -3 | -5 | -7 | 1 | 0 | 0 | |
Depreciation | 2 | 2 | 4 | 4 | 4 | 4 | 5 |
Profit before tax | 21 | 24 | 12 | 12 | 21 | 39 | 50 |
Tax % | 32% | 24% | 25% | 22% | 28% | 19% | 25% |
14 | 18 | 9 | 9 | 15 | 31 | 38 | |
EPS in Rs | 15.20 | 14.49 | 7.22 | 7.51 | 12.11 | 8.28 | 7.52 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 33% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 36% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 13% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 9 | 13 | 13 | 13 | 13 | 38 | 50 |
Reserves | 94 | 123 | 130 | 140 | 154 | 163 | 319 |
Borrowing | 372 | 394 | 379 | 395 | 608 | 763 | 1,084 |
31 | 11 | 6 | 16 | 15 | 10 | 13 | |
Total Liabilities | 506 | 541 | 528 | 564 | 789 | 974 | 1,466 |
15 | 14 | 16 | 13 | 22 | 20 | 18 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 18 | 27 | 38 |
491 | 527 | 512 | 551 | 749 | 927 | 1,410 | |
Total Assets | 506 | 541 | 528 | 564 | 789 | 974 | 1,466 |
Cash Flows
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
7 | 73 | 18 | -124 | -141 | -324 | ||
-1 | -1 | -1 | -19 | 1 | -15 | ||
-13 | -69 | 19 | 202 | 156 | 453 | ||
Net Cash Flow | -7 | 3 | 36 | 59 | 16 | 115 |
Ratios
Figures in Rs. Crores
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
ROE % | 17% | 9% | 10% | 10% | 17% | 13% |
Documents
Announcements
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 20-06-2025.
10h - Board approved private placement of debt securities up to INR 200 Crores in tranches.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Investor Meet to be held on June 24, 2025.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Manba Finance Limited has informed about Investor Presentation.
-
Announcement under Regulation 30 (LODR)-Allotment
2d - Allotted ₹20 crore NCDs at 11.5% coupon, 20-month tenure, private placement on June 17, 2025.
-
Board Meeting Intimation for Prior Intimation For Board Meeting To Be Held On June 20, 2025.
17 Jun - Board to approve INR 200 Cr debt securities issuance via private placement on June 20, 2025.
Concalls
-
Jun 2025Transcript PPT
-
May 2025TranscriptNotesPPT
-
Mar 2025TranscriptNotesPPT
-
Jan 2025Transcript PPT
-
Oct 2024Transcript PPT REC
Business Overview:[1][2]
MFL is an RBI registered Non Systematically Important Non Deposit Taking Non Banking Financial Company. It used to be a DSA for ICICI Bank for two-wheeler loans and later started its own book. Currently, it provides two wheelers, three wheelers, used cars, small business loans and personal loans.
Geographic Presence & Network:[2][3]
The company has a presence across 71 locations with a network of 1,118 dealers in 6 states which includes Maharashtra ~502, Gujarat ~248, Rajasthan ~160, Madhya Pradesh ~49, Uttar Pradesh ~21, and Chhattisgarh ~138.