A deep dive into Manappuram Finance Limited (MANAPPURAM) — examining the financials, valuation picture, and who owns the stock.
Manappuram Finance Revenue Trend
In FY2025, Manappuram Finance Limited posted revenue of ₹10,041 Cr, up 12.6% from ₹8,920 Cr a year earlier.
A 17.5% revenue CAGR over 10 years is hard to ignore. Manappuram Finance Limited's top line moved from ₹1,993 Cr to ₹10,041 Cr in that period.
At ₹10,041 Cr in annual revenue, Manappuram Finance Limited is one of the major players in the financial institution space.
With 3 straight years of revenue growth, this isn't a blip — the trajectory is clear for Manappuram Finance Limited.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹10,041 Cr | +12.6% |
| FY2024 | ₹8,920 Cr | +32.2% |
| FY2023 | ₹6,750 Cr | +10.2% |
| FY2022 | ₹6,126 Cr | -3.9% |
| FY2021 | ₹6,375 Cr | — |
View Manappuram Finance Limited's full 10-year revenue trend with CAGR analysis →
Manappuram Finance Profitability
Profitability was under pressure with net income dropping 45.0% to ₹1,204 Cr in FY2025.
The net margin narrowed from 24.5% to 12.0%, suggesting rising cost pressures.
Earnings per share (diluted) were ₹14.22 in FY2025, down from ₹25.96.
Is Manappuram Finance Undervalued
Using the P/B Ratio methodology, the calculated intrinsic value comes to ₹220.
Manappuram Finance Limited shares are currently trading at ₹311.95.
Craytheon also calculates intrinsic value using the P/E Ratio, EPS Growth, and DDM models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/B Ratio | ₹220 | 29.5% downside to fair value |
| P/E Ratio | Upgrade | Upgrade |
| EPS Growth | Upgrade | Upgrade |
| DDM | Upgrade | Upgrade |
See all valuation models for Manappuram Finance Limited with detailed assumptions →
Manappuram Finance Shareholding Pattern
Promoter holding decreased from 35.2% to 31.8% over the past 4 quarters.
FII ownership stands at 23.2%, down from the 29.7% recorded a year ago.
Domestic institutions moved their stake up to 13.1% from 8.6% over the past year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 31.8% | 23.2% | 13.1% | 32.0% |
| Dec 2025 | 35.2% | 28.8% | 11.1% | 24.8% |
| Sep 2025 | 35.2% | 30.2% | 9.2% | 25.4% |
| Jun 2025 | 35.2% | 29.7% | 8.6% | 26.4% |
Track quarterly shareholding changes for Manappuram Finance Limited →
Manappuram Finance Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹492.05B, up 5.3% YoY from ₹467.48B.
Other Assets accounts for 89.4% of the total, ahead of Cash & ST Investments (9.3%) and Property, Plant & Equipment (1.1%).
Capital structure: 25.3% equity, 73.3% debt, 1.4% operating liabilities. Over the year, debt is up 5.1% and equity is up 7.5%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 45.95B |
| Property, Plant & Equipment | 5.18B |
| Intangibles & Goodwill | 884.48M |
| Other Assets | 440.03B |
| Category | Value |
|---|---|
| Equity | 124.49B |
| Short-term Debt | 360.77B |
| Trade Payables | 1.20B |
| Other Liabilities | 5.59B |
Manappuram Finance — The Bottom Line
In summary, Manappuram Finance Limited (MANAPPURAM) presents the following picture for fundamental analysts.
Revenue of ₹10,041 Cr in FY2025, up 12.6% year-over-year.
Long-term revenue has been compounding at 17.5% annually over 10 years.
The company is profitable, with a net margin of 12.0% and net income of ₹1,204 Cr.
The P/B Ratio model implies 29.5% downside to fair value from the current price. The remaining three models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
There's more to the story. Craytheon's full profile for Manappuram Finance Limited includes four valuation models, decade-long financials, and insider activity.