Close 10 Sep 1505 scanned A
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NEXT 5072,530.90-0.44%
BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

MANAPPURAM

Manappuram Finance Limited
Financial ServicesLarge capRs 31,074 crRs 164.1 cr traded a day
Close on 10 September 2026
330.80
+3.37%
52-week range66% of the way up
251.10371.85
Market cap
31,074 cr
P/E (TTM)
21.5×
industry 18×
EPS (TTM)
15.39
Revenue YoY
+34.1%
Q1 FY27
Profit YoY
+341.4%
Net margin
19.3%
+13.4pt vs a year ago
Growth trend
+23.3pt
vs last quarter’s YoY
1 month
-6.2%
Below 52w high
12.4%
RSI (14)
33
Daily swing
3.4%
average true range
Volume
1.3×
vs 20-day average
Traded
Rs 164 cr
median day
Close200-day averageMaterial filing
250300350Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Around the median
+7.6%
One-year return
Above the median
+12.6%
Return on capital employed
Around the median
12.2%
Debt to equity
Top of the universe
0.00×
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
1400%
Revenue growth, year on year
latest reported quarter
+34.1%
Below the 52-week high
from the highest close of the year
-11.0%
1 week
−2.99%
1 month
−6.18%
3 months
+4.14%
6 months
+22.52%
1 year
+12.56%

The read

written from the numbers on this page
The evidence leans constructive8 supporting, 2 against, 2 worth knowing

Supporting

  • trading 8% above its 200-day average
  • up 13% over twelve months
  • matches profit that turns into cash, which has beaten the market by +2.73 points over 20 sessions across 9,184 past signals
  • 9 of the scans it matches have a positive measured record
  • 4 independent kinds of evidence agree today, which is uncommon
  • revenue grew 34% year on year in the quarter ending 30 June 2026
  • net margin has widened from 9.5% to 19.3% across four quarters
  • the future trades at a 0.70% premium to spot

Against

  • 1 of the scans it matches has historically underperformed the market
  • priced at 21× earnings against an industry median of 18× — 18% above its peers

Worth knowing

  • the 50-day and 200-day averages disagree, which usually means a turn in progress rather than a trend to lean on
  • the rise is short covering rather than fresh buying, which historically runs out when the shorts are done
What would change this read: a close below 307, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working6

Net profit rose 341.4% year on year, from Rs 132 cr to Rs 585 cr.

+341.4%Rs 132 crRs 585 cr

Profit grew faster than revenue, +341.4% against +34.1%.

+341.4%+34.1%

Net margin moved from 5.9% to 19.3%.

5.9%19.3%

Trading 7.6% above its 200-day average, which is the line most investors use to separate a bull phase from a bear one.

+7.6%

3 different kinds of evidence point at it tonight, not 3 versions of the same one.

3 families

Rs 164 crore changes hands on a median day, so an ordinary order is not the reason it moves.

Rs 164 cr
Needs watching1

Gold loan and others is 90% of revenue, so the business rests on one segment.

Gold loan and others90%
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 4 of these 4 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window-3.0%-2.2 pt vs market1W-6.2%-5.1 pt vs market1M+4.1%+1.5 pt vs market3M+22.5%+5.9 pt vs market6M+12.6%+15.7 pt vs market1Y

What the scans say today

12 of 47 matched on 10 Sep
MANAPPURAM matches 12 of the 47 scans today, across 4 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.

What this company does

segments and revenue mix, as the company reports them
MANAPPURAM reports 2 business segments. The largest is Gold loan and others at 90% of revenue in the quarter ending 30 June 2026. On these numbers this is effectively a single-segment business, so the group result and that segment’s result move together.
SegmentRevenueSharevs a year ago
Gold loan and others2,725 cr89.6%
Micro Finance315 cr10.4%
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.

Quality of the business

balance sheet as at 31 March 2026
Return on equity
9.0%
trailing profit over shareholders’ funds
Return on capital
12.2%
pre-tax profit over equity plus borrowings
Debt to equity
0.00×
0 cr borrowed against 16,051 cr of equity
Net debt
5,048 cr
cash exceeds borrowings
Cash conversion
1400%
operating cash flow as a share of profit
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 26 September 2024
median 29×
71×
now 21×
MANAPPURAM trades at 21× trailing earnings, below its median of 29× over this window — 26% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
08-17
19:28
Other filing
1 day-0.45 days+5.020 days
08-12
21:18
Other filing
1 day-1.25 days-2.520 days-8.2
Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202) · Analyst call filings were typically +0.11pt vs the market over the next 5 sessions (n=4,339) · AGM / EGM filings were typically +0.17pt vs the market over the next 5 sessions (n=8,423)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
2.6k2.6k2.4k2.3k2.3k2.4k2.6k3.0k21.7%-8.6%19.3%Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 34% against the same quarter a year earlier
  • profit rose 341% year on year
  • net margin widened from 15.5% to 19.3%
  • revenue rose in 4 of the last 4 quarters

Going against it

  • nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
30 Jun · consolidated
3,0347825856.2319.3%
Q4 FY26
31 Mar · consolidated
2,6145644054.7715.5%
Q3 FY26
31 Dec · consolidated
2,3533032392.8210.1%
Q2 FY26
30 Sep · consolidated
2,2833022172.579.5%
Q1 FY26
30 Jun · consolidated
2,2621021321.575.9%
Q4 FY25
31 Mar · consolidated
2,360-236-203-8.6%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-4.8%
Versus 200-day average+7.6%
Below 52-week high-11.0%
Above 52-week low+31.7%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)32.9
Higher closes in last 51 of 5
Six-month return+22.52%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)3.35%
Volume versus 20-day1.3x
Median daily turnoverRs 164.1 cr

Derivatives

near expiry 2026-09-29 · 2026-09-10
Short Covering
Price up, open interest down. Sellers are closing, not buyers arriving. Rallies built only on this tend not to last once the shorts are out.
Futures basis versus spot+0.70%
Open interest change-2.4%
Put / call ratio0.56
Put wall (support)340
Call wall (resistance)350
Max pain340
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.

Peers

Financial Services · 119 classified companies
MANAPPURAM trades at 21.5× trailing earnings against an industry median of 18.2× across 101 other classified companies in its industry — more expensive than them, by 18%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
CompanyMarket cap (Rs cr)P/E1 month1 yearTurnover (Rs cr)
HDFCBANK1,068,54213.2−4.83%−28.04%1,536.7
ICICIBANK993,33716.7−3.30%−1.21%1,214.8
SBIN932,01410.9−6.68%+18.06%709.5
BAJFINANCE649,15131.4−4.63%+3.68%467.7
KOTAKBANK414,33020.2+6.67%+3.02%407.8
AXISBANK387,60613.9+1.30%+8.88%517.2
SHRIRAMFIN244,23119.9−7.09%+65.33%348.3
CHOLAFIN158,56327.6−3.06%+14.05%156.1
TATACAP153,144−1.06%34.4
JIOFIN152,03773.6−10.08%−26.64%236.2
UNIONBANK136,7946.7−4.17%+29.10%153.1
MANAPPURAM31,07421.5−6.18%+12.56%164.1
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet

Recent sessions

what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.
SessionScansWhich
10 Sep2More cash than borrowings, Profit that turns into cash
9 Sep2More cash than borrowings, Profit that turns into cash
8 Sep2More cash than borrowings, Profit that turns into cash
7 Sep2More cash than borrowings, Profit that turns into cash
4 Sep2More cash than borrowings, Profit that turns into cash
3 Sep2More cash than borrowings, Profit that turns into cash
2 Sep2More cash than borrowings, Profit that turns into cash
1 Sep2More cash than borrowings, Profit that turns into cash
31 Aug2More cash than borrowings, Profit that turns into cash
28 Aug3Inside bar — quieter than yesterday, More cash than borrowings, Profit that turns into cash
27 Aug2More cash than borrowings, Profit that turns into cash
26 Aug2More cash than borrowings, Profit that turns into cash