Manappuram Finance Ltd: Why Is It Outperforming Nifty 500?

Manappuram Finance Ltd's latest quarterly results (Mar 2026) show

• PAT Growth YoY: +299.5% (turning around (inflection up))
• Revenue Growth YoY: +10.7%
• Net Interest Margin: 24.00%

Manappuram Finance Ltd's profit is growing with an turning around (inflection up) trend.

• PAT Growth YoY: +299.5% (latest quarter)
• PAT Growth QoQ: +69.5% (sequential)
• 3-Year PAT CAGR: -12.8%
• Trend: Turning around (inflection up) — consistent growth pattern

Manappuram Finance Ltd's revenue growth trend is turning around (inflection up).

• Revenue Growth YoY: +10.7%
• Revenue Growth QoQ: +11.0% (sequential)
• 3-Year Revenue CAGR: +12.4%

Manappuram Finance Ltd's asset quality trend is deteriorating.

• GNPA Change YoY: +0.1% bps

Manappuram Finance Ltd's long-term compounding rates

• 3-Year Profit CAGR: -12.8%
• 3-Year Revenue CAGR: +12.4%

Manappuram Finance Ltd's earnings growth is turning around (inflection up) with positive momentum on a sequential basis.

• YoY Acceleration: +114.0% bps
• Sequential Acceleration: +39.9% bps
• Margin Warning: Operating margins are under pressure

Manappuram Finance Ltd's trailing twelve month (TTM) performance

• TTM PAT: ₹993 Cr
• TTM PAT Growth: -17.5% YoY
• TTM Revenue: ₹10,000 Cr
• TTM Revenue Growth: -5.4% YoY

Manappuram Finance Ltd appears significantly overvalued based on our fair value analysis.

• Valuation Signal: Significantly Overvalued
• Current PE: 29.8x
• Price-to-Book: 1.9x

Manappuram Finance Ltd's current PE ratio is 29.8x.

• Current PE: 29.8x
• Market Cap: 29.9K Cr
• Dividend Yield: 1.10%

Manappuram Finance Ltd's current PE is 29.8x.

• Current PE: 29.8x
• Valuation Assessment: Significantly Overvalued

Manappuram Finance Ltd's price-to-book ratio is 1.9x.

• Price-to-Book (P/B): 1.9x
• Book Value per Share: ₹171
• Current Price: ₹318

Manappuram Finance Ltd is rated Weak with a fundamental score of 36/100. This score is calculated from objective financial metrics

• PAT Growth YoY: +299.5% (20% weight)
• PAT Growth QoQ: +69.5% (15% weight)
• Earnings trend: inflection_up (5% weight)

Manappuram Finance Ltd has a debt-to-equity ratio of N/A.

• Total Debt: ₹58,000 Cr

Manappuram Finance Ltd's return ratios over recent years

• FY2024: ROE 21.0%
• FY2025: ROE 10.0%
• FY2026: ROE 7.0%

Manappuram Finance Ltd's operating cash flow is negative (FY2026).

• Cash from Operations (CFO): ₹-20,000 Cr
• Free Cash Flow (FCF): ₹-22,000 Cr
• CFO/PAT Ratio: -2038% (weak cash conversion)

Manappuram Finance Ltd's current dividend yield is 1.10%.

• Dividend Yield: 1.10%
• Current Price: ₹318

Manappuram Finance Ltd's shareholding pattern (Mar 2026)

• Promoters: 31.8%
• FII (Foreign): 23.2%
• DII (Domestic): 13.0%
• Public: 32.0%

Manappuram Finance Ltd's promoter holding has decreased recently.

• Current Promoter Holding: 31.8% (Mar 2026)
• Previous Quarter: 35.3% (Dec 2025)
• Change: -3.48% (decreasing — worth monitoring)

Manappuram Finance Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.

Manappuram Finance Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.

Based on quantitative research signals, here is why Manappuram Finance Ltd may be worth studying

• Earnings growing at +299.5% YoY

Manappuram Finance Ltd investment thesis summary:

Manappuram Finance Ltd's forward outlook based on current data signals

• Earnings Trend: turning around (inflection up)
• Revenue Trend: turning around (inflection up)
• Valuation: Significantly Overvalued