Manba Finance Ltd
MANBAManba Finance Ltd's earnings have outrun its stock. EPS grew +20.1% in a year against a +0.7% price move.
The sharpest disagreement: Foreign institutions moved −4.2 points over 7 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a downtrend (28 weeks in) while the P/BV sits at the 26th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +30.0% year on year, and gross NPA has eased to 3.41%. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Manba Finance Ltd trades at ₹135, in a downtrend and 28 weeks into that stage. That is +6.1% against its own 200-day average. It sits at 83% of a 52-week range of ₹105 to ₹142. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks.
Today the stock is in a downtrend — week 28 of stage 4. At ₹135 it trades +6.1% versus its 200-day average and sits at 83% of its 52-week range (₹105–₹142).
Against the market, two honest reads. Cumulative: over the last 1.8 years the stock moved −2% while the NIFTY 500 moved −1% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 11 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.
Manba Finance Ltd trades at 1.6× P/BV, near the bottom of its own range — cheaper only 26% of the time. Its long-run median P/BV is 1.8×, measured across 1.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/BV of 1.6× is near the bottom of its own range — cheaper only 26% of the time, against a long-run median of 1.8× measured over 1.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
The honest context for that discount: a bank earning about 12% on its equity is worth less per rupee of book, and the market has priced that in rather than overlooked it. The discount closes only if the returns themselves improve.
Why the multiple sits where it does: over the past year book value grew while the price moved +0.7% — price and book moved together, holding the multiple in its range.
Put together: the multiple is low against its own past, so the story rests on the book-value line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Manba Finance Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −8.3% at the trough to +30.0% off a 4-quarter-old trough (single-quarter readings), ROE holding at 12.0%. The read is built from 9 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +31.2% | +35.1% | +25.6% | — |
| Profit | +18.4% | +44.2% | +38.0% | — |
| EPS | +20.1% | −9.3% | +4.6% | — |
| Share price | +0.7% | — | — | — |
4-Factor Sector Score
49.1/100 — rank 2 of 7 in NBFC - Others · 85% evidence confidence
Manba Finance Ltd scores 49.1 out of 100 against the 7 companies it is compared with in NBFC - Others, ranking 2. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 15.2 + 17.7 + 11.7 + 4.5 = 49.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.
Manba Finance Ltd reported ₹93.0 Cr of income in the Jun 26 quarter, +38.8% year on year. That is the 7th straight quarter of year-on-year growth. Over 11 years it has compounded at 24.7% a year. The last full year, FY26, came in at ₹328 Cr. The last four reported quarters add to ₹354 Cr.
FY26 revenue came in at ₹328 Cr (+31.2% on the year), capping 11 years at 24.7% compound. The latest quarter (Jun 26) printed ₹93.0 Cr, +38.8% year on year — the 7th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +31.5% growth against the decade's 24.7% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +31.6% over the last 4 quarters against +37.6%/yr over the last 8 — rolling over; TTM profit +11.6% vs +44.5%/yr — rolling over.
Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.
Manba Finance Ltd's net margin is 14.0% in the Jun 26 quarter, −0.9 percentage points against the same quarter a year ago. Across 9 fiscal years the net margin has ranged 8.4% to 16.1%. The current quarter sits inside that band.
The latest quarter's net margin is 14.0%, −0.9 pp against the same quarter a year ago. Across 9 fiscal years the net margin has ranged 8.4%–16.1%.
Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Manba Finance Ltd earned ₹13.0 Cr of net profit in the Jun 26 quarter, +30.0% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹45.0 Cr. The 11-year compound rate is 24.6%. That is 14.0% of the quarter's revenue. The same quarter a year earlier earned ₹10.0 Cr.
Jun 26 profit was ₹13.0 Cr, +30.0% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹45.0 Cr (+18.4%), and the 11-year compound rate is 24.6%.
Why profit moved: revenue contributed +38.8% and the margin −0.9 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +14.8% vs revenue +31.5%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.
Manba Finance Ltd's gross NPA is 3.41% of the loan book in Jun 26, down from 3.68% a year ago. Net of provisions already set aside, 2.52% remains. Across the 9 quarters held here the book has ranged 2.83% to 3.68%. Falling NPAs are a loan book healing; rising NPAs are damage arriving.
Jun 26: gross NPA at 3.41% and net NPA at 2.52%, against 3.68% / 2.82% a year ago. Over the 9 quarters we hold, the book's worst reading was 3.68% and its best is 2.83%.
The synthesis: profit growth at a bank is only as good as the book behind it, and this book is better than a year ago. A note on depth: quarterly provisioning detail is not in our numbers yet, so this ladder reads levels and trend, not the cost of the cleanup.
Why the ladder moved: recoveries, write-offs and slippages each play a part, and that split sits below what we hold — the numbers show the healing; the driver mix does not travel with them.
The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.
Manba Finance Ltd's revenue grew +31.2% in FY26 to ₹328 Cr, so the book is growing. The latest quarter ran +38.8% year on year. The net margin on that income is 14.0%, −0.9 percentage points against a year ago. Interest income is a proxy for the book; rate moves can shift it a few points in any one year.
FY26 revenue was ₹328 Cr, +31.2% on the year, and the latest quarter ran +38.8% year on year. The net margin on that revenue is 14.0% this quarter (−0.9 pp YoY) — growth with a narrowing margin on it.
The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.
Returns on equity and assets Two numbers rate a bank: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys. ROE above ~13–15% earns its keep; below that, growth builds book slowly.⚠ unverified
Manba Finance Ltd earns a return on equity of 12% in FY26. Its trough over the ladder below was 9% in FY21. On the asset side every ₹100 of the balance sheet earned about ₹2.63, which is the return before leverage is applied.
FY26 ROE came in at 12%, recovered from a FY21 trough of 9%. On assets, the latest reading is about 2.63% — every ₹100 the bank deploys earns roughly ₹2.63 a year. That return is below the bar a bank must clear to compound book value quickly — which is also the honest reason the stock trades where it does.
Why ROE moved: profit compounded 24.6% a year over 11 years while the equity base grew more slowly — earnings recovering faster than book value builds is what lifts ROE off a trough.
Debt
For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.
A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 4.2 points of Manba Finance Ltd over 7 quarters, the biggest move on the register. That takes foreign institutions to 0.9% of the company. Domestic institutions moved −3.3 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −4.2 points over 7 quarters to 0.9%; Domestic institutions: −3.3 points over 7 quarters to 0.0%; Promoters: +0.0 points over 7 quarters to 75.0%.
🚨 Why the register moved: foreign institutions drove it (−4.2 points), alongside domestic institutions (−3.3 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Manba Finance Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.
The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1A.K.Capital Services Ltd530499 | 53.2/100Mixed-positive evidence68% evidence | LEADER | 22.2/35 Income 18.9% · PAT 31% 55% evidence | 12.9/25 ROA — · ROE 10.9% · GNPA — 34% evidence | 12.3/20 P/BV 1.07× · P/BV÷ROE 0.1 100% evidence | 5.8/20 RS sector -41% · RS bench 15.9% · 1Y 50%8 of 12 weeks ahead 100% evidence |
| Exact sum: 22.2 + 12.9 + 12.3 + 5.8 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Manba Finance Ltdthis pageMANBA | 49.1/100Mixed-negative evidence85% evidence | TURNING | 15.2/35 Income 31.6% · PAT 11.6% 95% evidence | 17.7/25 ROA 2.3% · ROE 11.6% · GNPA 3.4% 95% evidence | 11.7/20 P/BV 1.65× · P/BV÷ROE 0.14 70% evidence | 4.5/20 RS sector -58.2% · RS bench 3.5% · 1Y -1.1%6 of 11 weeks ahead 70% evidence |
| Exact sum: 15.2 + 17.7 + 11.7 + 4.5 = 49.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3India Finsec Ltd535667 | 48.7/100Mixed-negative evidence64% evidence | BREAKING OUT | 22.3/35 Income 19.1% · PAT 19.9% 62% evidence | 15.3/25 ROA — · ROE 16% · GNPA — 34% evidence | 3.3/20 P/BV 8.56× · P/BV÷ROE 0.54 70% evidence | 7.8/20 RS sector -37.4% · RS bench 26.1% · 1Y 61.6%9 of 12 weeks ahead 100% evidence |
| Exact sum: 22.3 + 15.3 + 3.3 + 7.8 = 48.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Unifinz Capital India Ltd541358 | 67.8/100Thin evidence · provisional47% evidence | 26.6/35 Income 100% · PAT 100% 55% evidence | 15.4/25 ROA — · ROE 72.1% · GNPA — 34% evidence | 16.0/20 P/BV 2.94× · P/BV÷ROE 0.04 70% evidence | 9.8/20 RS sector — · RS bench 3.7% · 1Y — 25% evidence | |
| Exact sum: 26.6 + 15.4 + 16 + 9.8 = 67.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 5Dhenu Buildcon Infra Ltd501945 | 52.7/100Thin evidence · provisional35% evidence | FADING | 21.7/35 Income 100% · PAT -80% 29% evidence | 9.2/25 ROA — · ROE -0.2% · GNPA — 34% evidence | 9.7/20 P/BV 5.79× · P/BV÷ROE — 10% evidence | 12.1/20 RS sector 1.4% · RS bench 8.3% · 1Y 44.2%9 of 12 weeks ahead 70% evidence |
| Exact sum: 21.7 + 9.2 + 9.7 + 12.1 = 52.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Aye Finance LtdAYE | 47.8/100Thin evidence · provisional26% evidence | TURNING | 16.2/35 Income — · PAT — 10% evidence | 11.9/25 ROA — · ROE 9.2% · GNPA — 34% evidence | 9.7/20 P/BV 1.62× · P/BV÷ROE 0.17 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y —4 of 4 weeks ahead 0% evidence |
| Exact sum: 16.2 + 11.9 + 9.7 + 10 = 47.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7Mrugesh Trading Ltd512065 | 39.7/100Thin evidence · provisional21% evidence | LEADER | 12.5/35 Income -44% · PAT -80% 29% evidence | 8.2/25 ROA — · ROE -0.5% · GNPA — 34% evidence | 9.0/20 P/BV 87.3× · P/BV÷ROE — 10% evidence | 10.0/20 RS sector — · RS bench — · 1Y 16692.3%12 of 12 weeks ahead 0% evidence |
| Exact sum: 12.5 + 8.2 + 9 + 10 = 39.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Manba Finance Ltd's share price today?
Manba Finance Ltd trades at ₹135, +0.7% over the past year. The company is valued at ₹681 Cr. The stock sits at 83% of its 52-week range of ₹105–₹142, +6.1% versus its 200-day average. On the tape, the price is in a downtrend, 28 weeks in. — as of 31 July 2026.
What were Manba Finance Ltd's latest quarterly results?
Manba Finance Ltd reported total income of ₹93.0 Cr and net profit of ₹13.0 Cr for the Jun 26 quarter. Income rose 38.8% and profit rose 30.0% year on year. Earnings per share were ₹2.64. The net margin was 14.0%, 0.9 pp lower than a year earlier. — as of 31 July 2026.
What is Manba Finance Ltd's revenue?
Manba Finance Ltd reported revenue of ₹93.0 Cr in the Jun 26 quarter, +38.8% year on year. For the full FY26 fiscal year, revenue was ₹328 Cr (+31.2%). Over the last 11 years revenue compounded at 24.7% a year. — as of 31 July 2026.
What is Manba Finance Ltd's profit?
Manba Finance Ltd earned ₹13.0 Cr of net profit in the Jun 26 quarter, +30.0% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹45.0 Cr. The net margin ran 14.0% in the latest quarter. — as of 31 July 2026.
What is Manba Finance Ltd's market cap?
Manba Finance Ltd's market capitalisation is ₹681 Cr at a share price of ₹135. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Manba Finance Ltd's P/BV ratio?
Manba Finance Ltd trades at a P/BV of 1.6×, at the 26th percentile of its own 2-year range, against a long-run median of 1.8×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Manba Finance Ltd pay a dividend?
Yes — Manba Finance Ltd's dividend payout was 3% of profit in FY26, and it recorded a payout in 2 of its last 9 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Manba Finance Ltd overvalued?
On its own history, Manba Finance Ltd looks cheap against its own history: its P/BV of 1.6× has been cheaper only 26% of the time in 2 years (long-run median 1.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Manba Finance Ltd growing?
Yes — Manba Finance Ltd is growing: latest-quarter revenue +38.8% year on year, profit +30.0%, and the the net margin −0.9 pp at 14.0%. The 11-year compound rates are 24.7% (revenue) and 24.6% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Manba Finance Ltd performing?
Manba Finance Ltd is in a downtrend, 28 weeks in. Its latest quarter's income rose 38.8% and profit rose 30.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Manba Finance Ltd in?
Turning around — profit growth swung from −8.3% at the trough to +30.0% off a 4-quarter-old trough (single-quarter readings), ROE holding at 12.0%. The read comes from the last 12 quarters of growth (revenue growth +38.8% latest, profit growth +30.0% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Manba Finance Ltd in an uptrend?
No — the price is in a downtrend (week 28 of stage 4), trading +6.1% versus its 200-day average and at 83% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Manba Finance Ltd beating the market?
On recent form, yes — Manba Finance Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.8 years the stock moved −2% against the NIFTY 500's −1% — behind the index over the full window. — as of 31 July 2026.
Will Manba Finance Ltd's share price go up?
This page publishes no price forecast for Manba Finance Ltd. What it measures instead: the share price is ₹135, the price is in a downtrend 28 weeks in. Its P/BV of 1.6× sits at the 26th percentile of its own 2-year range. — as of 31 July 2026.
Who owns Manba Finance Ltd?
Promoters hold 75.0% of Manba Finance Ltd, foreign institutions 0.9%, domestic institutions 0.0% and the public 24.1% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 4.2 points over 7 quarters. — as of 31 July 2026.
Is Manba Finance Ltd's loan book healthy?
Gross NPA is 3.41% of Manba Finance Ltd's loan book, down from 3.68% a year ago, and net NPA stands at 2.52%. Falling NPAs are a loan book healing; rising NPAs are damage arriving — as of 31 July 2026.
Where is Manba Finance Ltd in its business cycle?
Manba Finance Ltd's FY26 net margin was 13.7%, against a 9-year band of 8.4%–16.1%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 14.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Manba Finance Ltd story?
The sharpest disagreement: Foreign institutions moved −4.2 points over 7 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Manba Finance Ltd a stock worth studying right now?
This is not investment advice. The machine read: Manba Finance Ltd's earnings have outrun its stock. EPS grew +20.1% in a year against a +0.7% price move. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.