Manipal Finance Corporation Ltd.

BSE: MNPLFIN · Non Banking Financial Company (NBFC)

52W Range₹10 ₹24

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Snapshot

Unlock Manipal Finance Corporation Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Manipal Finance Corporation Limited is an India-based non-banking financial company primarily engaged in investment activities and asset financing. The firm historically provided hire purchase, leasing, and bill discounting services to a diverse client base.

Business Model

The company generates revenue through its portfolio of investments and asset financing services. It has historically funded its operations by mobilizing public deposits and inter-corporate deposits.

Management Commentary

The company is currently focused on managing its existing investment portfolio and prioritising recovery efforts within the evolving Indian regulatory framework for shadow banking.

Growth Outlook

Growth prospects remain constrained as the company operates on a scaled-down basis compared to major national NBFCs. Future outlook is tied to the effective management and recovery of its existing financial assets.

Key Risks

  • Regulatory Risk. Changes in the Reserve Bank of India's regulatory framework for NBFCs could impact operational compliance and capital requirements.
  • Liquidity Risk. The company faces challenges in maintaining sufficient liquidity to meet obligations, particularly given its reliance on historical deposit mobilization models.
  • Credit Risk. The firm is exposed to potential defaults within its legacy asset financing and investment portfolio, necessitating ongoing recovery efforts.
  • Market Competition. The company faces significant competitive pressure from larger, better-capitalised national NBFCs and digital lending platforms.

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Key Metrics

REVENUE

₹0.20 Cr

TTM · standalone

-9.1%YoY

NET PROFIT

₹0.37 Cr

TTM · standalone

-95.0%YoY

EPS

₹0.45

TTM · standalone

-94.9%YoY

RETURN ON EQUITY

9.5%

TTM · standalone

+88.9 ppYoY

NET PROFIT MARGIN

-40.0%

Q4 FY26 · standalone

-60.0 ppYoY

DEBT TO EQUITY

-0.1x

Q3 FY26 · standalone

-0.02xYoY

Peers · Non Banking Financial Company (NBFC)

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Manipal Finance Corporation Ltd.MNPLFIN
₹13 Cr35.58-9.1%9.5%
Purple FinancePURPLEFIN
₹433 Cr-367.50204.7%-1.2%+102.3%
Akme Fintrade (India) LimitedAFIL
₹401 Cr9.0440.5%11.0%+35.4%
Moneyboxx Finance LimitedMONEYBOXX
₹398 Cr237.385.9%0.5%-57.2%
Muthoot Capital Services LimitedMUTHOOTCAP
₹395 Cr16.5022.0%3.6%-12.6%
Avonmore Capital & Management Services LimitedAVONMORE
₹392 Cr25.7411.4%8.3%-27.6%

As of Q4 FY26

Financials