Inve India ▾

Manba Finance share price & results

Manba Finance Limited· Financial Services

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Mumbai-based NBFC financing two- and three-wheelers (including EV), used cars, small businesses and personal top-up loans through a pan-India dealer network.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue98.0 ₹ crore+25.6% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Sept 2026Not in the filed figures for the quarter to sept 2026. No older figure is substituted.
Net profit14.0 ₹ crore+27.3% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity11.75 %−1.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)32.62 %−0.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 6 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

Manba Finance Limited management guidance track record on Inve: 17 targets tracked across analysed earnings calls (3 achieved, 3 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
Cost of Borrowingreductions further 50 points to 1% rate of interest
Call transcript, Q1 FY26 · 5 Aug 2025		Q1 FY26Q1 FY27:Promise remains achieved. The cost of borrowing in Q1 FY27 increased to 10.86% due to a strategy of holding higher liquidity, but the original target was met in FY26.
Call transcript, Q1 FY27 · 28 Jul 2026		Achieved
FY27 Profit After Tax (PAT)INR 85-100 crore
Call transcript, Q1 FY26 · 5 Aug 2025		Q1 FY26Q1 FY27:The revised FY27 PAT target of INR 65-70 crore was not reiterated. Instead, management guided for PAT growth similar to Q1's 36% YoY and a 3.5% ROA for FY27.
Call transcript, Q1 FY27 · 28 Jul 2026		Ghosted
AUM YoY Growth Rate30-35% every year
Call transcript, Q1 FY26 · 5 Aug 2025		Q1 FY26Q1 FY27:Management guided for 35-40% AUM growth for FY27, a significant upward revision from the previous 25-30% guidance. Q1 FY27 YoY growth was 22%.
Call transcript, Q1 FY27 · 28 Jul 2026		Revised Up

Source: Inve Guidance Tracker for Manba Finance Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Manba Finance Limited's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹142.15 +2.93% · +₹4.05

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +3.7% 1Y

₹100₹110₹120₹130₹140₹150Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 19 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹137.05 on 24 Oct 2025 → ₹142.15. High ₹146.82 (8 Oct 2026), low ₹100.51 (30 Mar 2026).

Previous close
₹138.1
Market cap
₹711 Cr
52-week range
₹100.51 – ₹146.82
One year
+4.94%
Price to earnings (TTM to Sept 2026)
13.94×
Return on equity (TTM to Sept 2026)
11.75%

Overview

Symbol
NSE:MANBA
Exchange
NSE
Currency
INR

What Manba Finance Limited does

Based on the company's own presentations, annual report and earnings calls.

Manba Finance is a Non-Banking Finance Company founded in 1996 by Manish Shah, providing secured retail loans for new and electric two-wheelers and three-wheelers, used cars, small businesses (Manba Vyapaar Loans) and personal top-up loans to unbanked and emerging customer segments. It originates loans through a large network of vehicle dealers spread across several states and funds its book through tie-ups with public and private sector banks, NBFCs and a co-lending arrangement with Muthoot Finance. The company runs an in-house digital lending stack (Loan Origination, Management and Accounting systems) enabling fast, largely paperless sanctions, and maintains its own collections and legal-recovery infrastructure for delinquent accounts.

Segments

  • Two-Wheeler Loans
  • Three-Wheeler Loans
  • Used Car Loans
  • Small Business Loans (Manba Vyapaar Loans)
  • Personal Loans (Top-up Loans)
Branch locations
130 (FY26)
States covered
6
Dealer network
1,596 (FY26)
Employees
1,802, including 900+ sales personnel (FY26)
Customers
1 million+ milestone reached (2025)
Operating history
29+ years (since 1996)
Founded 1996Headquarters Mumbai, Maharashtra, IndiaEmployees 1,802 (FY26) Company website

How the price took the results

close before → close after

Q1 FY27
−6.1%
28 Jul
Q4 FY26
+2.5%
19 May
Q3 FY26
+1.8%
30 Jan
Q2 FY26
+0.8%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Manba Finance Limited

Free account: one company. Everything above stays public.

Write why you follow Manba Finance Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Financial Services companies

All Financial Services companies → · Financial Services earnings growth →

Learn to analyse Manba Finance Limited

Guides on how to read this kind of business and the numbers that matter.