MANBAFinancial Services

Manba Finance Limited

Non Banking Financial Company (NBFC) · ISIN INE939X01013 · BSE 544262 · NSE EQ · FV ₹10
Last price
₹134
+2.36%today
What this company does

Manba Finance Limited operates in Non Banking Financial Company (NBFC), part of the Financial Services sector. It booked ₹93 cr of revenue in its latest quarter (Q1 FY27) and kept 14.3% of sales as profit.

With a strong presence across 6 Indian states and At the heart of Manba’s operations lies a unique blend 73 locations, Manba operates through an extensive of technology and human empathy.
In the report:
47out of 100
Equitytale Health Score
Mixed

Healthier than 47% of companies in Financial Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 95–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns44

How much profit it earns on the money it employs

Cash quality11

Whether reported profit actually arrives as cash

Valuation32

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 38% vs last year
Profit up 36% vs last year
Promoters hold 75%
No promoter shares pledged
Watch-outs
! Carries high debt (D/E 2.6)
! Operating cash flow is negative

What if I invest in MANBA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹134 +2.36%
latest close · 2026-09-17
52-wk low ₹12642 sessions so far52-wk high ₹154
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.7Low
LowAverageHigh
P/B ratio1.64Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity12.9%Fair
WeakFairStrong ▸15%
Net margin14.3%Decent
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.60High
LowModerateHigh ▸1
More figures
Market cap
₹672 cr
Book value
₹82
EPS
₹2.64
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
2.7%
Earnings yield
7.89%
P/S
1.81
Sales / share
₹73.7
Tax rate
17.6%
Face value
₹10
Shares
5.0 cr
Working capital
Current assets
Current liabilities
Delivery %
27.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹80 vs market price ₹134 — price is 67% above it
Safety cushion-67.3%(target ≥ +20%)
Models span ₹54₹106, midpoint ₹80
Model ₹80
Price ₹134
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹93 cr
Other Income₹0.19 L
Total Income₹93 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹17 cr
Finance Costs₹44 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹7 cr
Total Expenses₹77 cr
Profit before Tax₹16 cr
Tax Expense₹3 cr
Net Profit₹13 cr
Net margin on total income14.3%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹17 cr18.3%
Finance costs₹44 cr47.0%
Depreciation & amortisation₹1 cr1.3%
Other expenses₹15 cr16.0%
Tax expense₹3 cr3.1%
Profit for the period₹13 cr14.3%
Total income ₹93 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue90 cr93 cr93 cr
Total income90 cr93 cr93 cr
Expenses73 cr76 cr77 cr
Profit before tax17 cr17 cr16 cr
Tax4 cr6 cr3 cr
Net profit (owners' share)13 cr11 cr13 cr
Net margin (owners' share, on revenue)14.6%11.9%14.3%
EPS (₹)2.602.212.64
YoY (latest quarter): total income +34.2% · net profit +36.0%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹1,979 cr
Shareholder equity
₹410 cr
parent shareholders
Total debt
₹1,066 cr
Cash
₹178 cr
Cash flow · H1 FY26
Operating
₹-188 cr
Investing
₹-39 cr
Financing
₹386 cr
Peer comparison
Non Banking Financial Company (NBFC) · by market value
CompanyPriceMarket capP/E
Bajaj Finance Limited₹1,015₹6.31 L cr26.4
Shriram Finance Limited₹995₹2.34 L cr16.7
Cholamandalam Investment and Finance Company Limited₹1,765₹1.51 L cr22.7
Tata Capital Limited₹344₹1.45 L cr23.5
Muthoot Finance Limited₹2,770₹1.11 L cr9.9
L&T Finance Limited₹302₹75,742 cr21.0
SBI Cards and Payment Services Limited₹637₹60,613 cr22.8
HDB Financial Services Limited₹681₹56,586 cr18.0
Sundaram Finance Limited₹4,663₹51,398 cr20.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.75%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹0.25
ex 7 Aug 2026
ActionDetailEx-date
Dividend₹0.25 / share7 Aug 2026
Dividend₹0.25 / share6 Feb 2026
Dividend₹0.5 / share21 Nov 2025
Dividend₹0.25 / share12 Sep 2025
Dividend₹0.25 / share5 Feb 2025
Dividend₹0.25 / share4 Nov 2024
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
FII / Foreign
0.9%
DII / Domestic
Retail / others
24.1%
Smart-money activity
Bulk / block deals
BoughtVED INVESTMENTS · NSE3.55 L @ ₹13821 Jul 26
BoughtHRTI PRIVATE LIMITED · NSE2.85 L @ ₹188.926 Dec 24
SoldHRTI PRIVATE LIMITED · NSE2.45 L @ ₹189.096 Dec 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Sep 2025
See the official result
1
1 - To receive, consider and adopt the audited financial statements (for the financial year ended 31st March, 2025) and the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
13.44 L votes for, 126 against · 0% of mutual funds and other big investors said no
2
2 - To confirm the payment of Final Dividend of Rs. 0.25 per equity share of Rs. 10/- each (for the financial year ended 31st March, 2025).
Backed by 100% of shareholders other than promotersneeded 50%
13.44 L votes for, 126 against · 0% of mutual funds and other big investors said no
3
3 - To appoint a Director in place of Mrs. Nikita Shah (DIN: 00171306), who retires by rotation and being eligible, offers her candidature for re-appointment.
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
13.28 L votes for, 16,228 against · 98% of mutual funds and other big investors said no
4
4 - To appoint M/s. Krishna & Associates, Chartered Accountants, Mumbai (Firm Registration No. 122950W) as the Statutory Auditors of the Company, to hold office for the term of 3 (Three) consecutive years from the conclusion of this Annual General Meeting up to the conclusion of the 29th Annual General Meeting of the Company to be held on or before September 30, 2028.
Backed by 99% of shareholders other than promotersneeded 50%
13.28 L votes for, 16,228 against · 98% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 31 named members
owning 61.9% between them · as of 2026-06-30
Manba Investments & Securities Pvt. Ltd.27.68%
Nikita Manish Shah9.96%
Manba Infotech Llp7.17%
Avalon Advisory And Consultant Services Private Limited4.97%
Manish Kirit Shah4.41%
Manba Fincorp Private Limited4.16%
Monil Manish Shah3.57%
Mansi Hardik Shah0.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.