Annual reportSep 2026
Sep 2026 · General Update 3 Sep - Manba Finance's 30th AGM is on September 26, 2026; annual report and e-voting schedule shared.
Source: Bse
Manba Finance Limited (MANBA)
Small CapFinancial Services stocks · Small cap · NSE
Manba Finance Limited operates in Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹143.69
-2.00 · -1.37%
Market cap ₹692 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result27 Jul, 07:48 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
68Bullishfull bull SMA stack · SMA20 +7.3% / mo · MACD + · near 52W high
Stock trend: 84
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MANBAD candles · FIT view+34.1%Latest close ₹143.69 on 2026-10-19
Bar
-1.4%
RSI
60
MACD hist
0.13
52W pos
82%
2026-10-19O ₹145.69H ₹146.31L ₹143.57C ₹143.69Vol 70,751 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MANBANifty Financial ServicesNifty 500
- MANBA
- +4.3%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +9.8 pp
Chart stats
19 Oct 2026- From 52W high
- -6.7%
- 52W range position
- 82%
- ATR (14)
- 3.5%
- Volume vs 20D
- 0.35x
- Avg traded value
- ₹2.8 Cr
- 20D price channel
- ₹133 - ₹151
₹154
₹98 - ₹154
₹5.1
Latest completed session
20-session average
27.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · WATCHLIST41
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good60
Revenue +38.8% · PAT +30.0% YoY
Technical
Bullish68
Price trend and sector-relative-strength timing.
Valuation
Legacy model+42.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence55
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 60/100Rev +39% YoY · PAT +30% YoY
Filed 27 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹93 Cr | +38.8% | +0.0% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹13 Cr | +30.0% | +18.2% |
| PAT margin | 14.0% | -95 bps | +215 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 14.20
- P/B
- 1.70
- EV/EBITDA
- 449.60
- Market Cap
- 692.00Cr
Profitability
- ROE
- 11.60%
- ROCE
- 12.50%
- ROA
- 3.34%
- Dividend Y
- 0.72%
Growth (CAGR)
- Revenue 5Y
- 26.00%
- EPS 5Y
- 29.00%
- Revenue 3Y
- 35.00%
- EPS 3Y
- 44.00%
Balance Sheet
- Debt/Equity
- 3.80
- Interest Coverage
- —
- Altman Z
- 0.85
- Book Value
- 81.60
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -378.00 Cr
- EPS TTM
- 9.73
Shareholding
- Promoter Hold
- 74.98%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 72%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 93.0+0.0% vs prev
Net Profit
₹ CrLatest: 13.0+18.2% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 60.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~6.8% over last month) — short-term momentum positive.
- RSI(14) at 60 — sideways, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 7% off 52W high · 47% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
76
RS percentile
Stage 2 UptrendRecent S2
1M return
+7.4%
3M return
+4.3%
6M return
+30.4%
1Y return
+6.2%
RS 1D
0
RS 20D
+15
Sector rank
#10
Industry rank
#47
Stage evidence
- Price is 15.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +2.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
23 Sept 2026
S2 age
18 trading sessions
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 108.99-0.35%
RS vs Nifty 500109
Valuation & peers
U-Score 41 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 41 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · WATCHLISTValuation13/30
Growth22/25
Quality3/20
Balance Sheet0/15
Cash Flow2/10
Piotroski
3/9 (+1)
Penalties
0
Raw sum
41
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
41/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 42.1%.
- Growth contributes 22/25 to the score.
- Valuation contributes 13/30 to the score.
Main drags
- Altman Z is 0.8, in distress territory.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Quality is weaker at 3/20; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
14.2
PB
1.7
EV/EBITDA
449.6
ROE
11.6%
ROCE
12.5%
FCF Yield
—
Debt/Equity
3.8
MoS
+42.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
41
Previous: 41
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+42.1%
Previous: +42.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
41
41
41
41
41
41
41
41
41
41
41
41
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹133.66
-7.5% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹248.12
+42.1% MoS
PEG
0.41
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
VLSFINANCE
Small
VLS Finance Limited
NBFC / Capital Markets / Insurance
match 159
30
15.6
0.9%
-1130%
OVERVALUED
LAXMIINDIA
Small
Laxmi India Finance Limited
NBFC / Capital Markets / Insurance
match 158
54
11.0
13.8%
+62%
FAIR VALUE
MANCREDIT
Small
Mangal Credit and Fincorp Limited
NBFC / Capital Markets / Insurance
match 155
19
66.8
7.7%
-134%
OVERVALUED
NAHARCAP
Small
Nahar Capital and Financial Services Limited
NBFC / Capital Markets / Insurance
match 155
53
3.3
4.0%
+58%
FAIR VALUE
UYFINCORP
Small
U. Y. Fincorp Limited
NBFC / Capital Markets / Insurance
match 154
15
—
2.4%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Manba Finance Limited operates in Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
55Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 16th percentile of the scored universe and 28th percentile within Financial Services. Main check: balance sheet trust is weak at 22/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
47 docs text-extracted · 14 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
16th percentile
overall median 67 · Financial Services: 28th pctile, median 62 · Small: 18th pctile, median 66
Evidence depth
Financial-only
47 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
22
weak · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
67
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-378 Cr.
- ▸Debt/equity is 3.80.
- ▸Altman Z is 0.83.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Manba Finance Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep
Source: Bse
Concall transcriptJul 2026
Jul 2026 · Transcript
Source: Bse
Investor presentationJul 2026
Jul 2026 · PPT
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Jul - Company will conduct an earning conference call on Tuesday 28th July, 2026 to discuss with the investors, the financial and operational performance of the company …
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Jul - Manba Finance Q1 FY27 revenue rose 34%, PAT 36%; declared ₹0.25 interim dividend, record date August 7.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Jul - Newspaper clipping of published unaudited financial results for the quarter ended June 30, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 16 Jun - Manba Finance partners with Sreesastha to enter South India, starting Karnataka and Tamil Nadu this year.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Jun - Intimation of investor meet to be held on 16-06-2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 Jun - Manba Finance announced partnerships with AMU Leasing and SHFIN to expand EV and rural financing.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.