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Manba Finance Limited
(MANBA)
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Rating:56Neutral
Price Target:
₹148.00
▲(10.08% Upside)
Action:Reiterated
Date:10/22/26
The score is held back primarily by weak cash generation (deeply negative operating/free cash flow) and high/rising leverage despite strong revenue and earnings growth. Technicals are supportive with a clear uptrend, and valuation appears moderate, but financial-risk factors dominate the overall assessment.
Positive Factors
Accelerating revenue and profit growth
Rapid revenue expansion alongside higher net income indicates strong loan-book and customer growth, giving the company greater operating scale. If maintained, this momentum can support recurring earnings growth and strengthen its position in vehicle and consumer finance over the next several quarters.
Negative Factors
High and rising leverage
A sharply larger debt burden and elevated debt-to-equity ratio leave the balance sheet more aggressive than conservative for a credit business. Higher leverage can magnify losses if credit performance weakens and increases the importance of maintaining reliable funding access.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue and profit growth
Rapid revenue expansion alongside higher net income indicates strong loan-book and customer growth, giving the company greater operating scale. If maintained, this momentum can support recurring earnings growth and strengthen its position in vehicle and consumer finance over the next several quarters.
Read all positive factors
Manba Finance Limited (MANBA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.16B
Dividend Yield0.88%
Average Volume (3M)13.04K
Price to Earnings (P/E)14.6
Beta (1Y)1.03
Revenue Growth30.68%
EPS Growth15.32%
CountryIN
Employees1,802
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)3.87
Shares Outstanding50,239,410
10 Day Avg. Volume8,733
30 Day Avg. Volume13,036
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.26
Price to Sales (P/S)1.64
P/FCF Ratio-1.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Manba Finance Limited Business Overview & Revenue Model
Company Description
Manba Finance Limited is an Indian non-banking financial company that delivers a diverse range of credit solutions nationwide. The firm specializes in providing loans for new and electric two-wheelers and three-wheelers, alongside financing for pr...
How the Company Makes Money
Manba Finance Limited makes money primarily by extending loans and earning a spread between (a) the interest and fees it charges borrowers and (b) its own cost of borrowing/funding. Key revenue streams typically include: (1) Interest income from r...
Manba Finance Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
48
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2025 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 1.38B | 3.13B | 2.37B |
| Gross Profit | 580.86M | 1.02B | 908.25M |
| EBITDA | 249.84M | 886.79M | 557.61M |
| Net Income | 194.22M | 453.56M | 378.02M |
Balance Sheet | |||
| Total Assets | 18.87B | 19.79B | 14.66B |
| Cash, Cash Equivalents and Short-Term Investments | 3.99B | 2.67B | 2.40B |
| Total Debt | 14.70B | 15.56B | 10.84B |
| Total Liabilities | 14.99B | 15.69B | 10.97B |
| Stockholders Equity | 3.89B | 4.10B | 3.69B |
Cash Flow | |||
| Free Cash Flow | -4.11B | -3.79B | -3.26B |
| Operating Cash Flow | -4.08B | -3.78B | -37.83M |
| Investing Cash Flow | -488.67M | -596.82M | -1.71M |
| Financing Cash Flow | 5.74B | 4.65B | 52.97M |
Manba Finance Limited Technical Analysis
Neutral
134.45
Price Trends
135.17
Positive
133.49
Positive
125.97
Positive
Market Momentum
1.41
Positive
48.84
Neutral
14.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANBA, the sentiment is Neutral. The current price of 134.45 is below the 20-day moving average (MA) of 140.74, below the 50-day MA of 135.17, and above the 200-day MA of 125.97, indicating a neutral trend. The MACD of 1.41 indicates Positive momentum. The RSI at 48.84 is Neutral, neither overbought nor oversold. The STOCH value of 14.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANBA.
Manba Finance Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹4.92B | 5.63 | ― | 1.40% | 19.69% | 15.92% | |
56 Neutral | ₹7.16B | 14.62 | ― | 0.88% | 30.68% | 15.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹3.11B | 13.01 | ― | 3.66% | 23.27% | -20.85% | |
54 Neutral | ₹4.55B | 25.09 | ― | 0.35% | 48.83% | 36.34% | |
40 Underperform | ₹3.31B | 193.34 | ― | ― | 5.87% | ― |
* General Sector Average
IN:MANBA
Manba Finance Limited
142.60
8.81
6.58%
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IN:CSLFINANCE
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IN:MANCREDIT
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-35.63%
IN:MONEYBOXX
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-44.54%
Manba Finance Limited Corporate Events
Manba Finance Sets Fully Digital 30th AGM for September 2026
Sep 1, 2026
Manba Finance Limited has announced that its 30th Annual General Meeting for the financial year 2025-26 will be held on September 26, 2026, at 1:00 p.m., via video conferencing and other audio-visual means, with the annual report and AGM notice fo...
Manba Finance launches EV battery replacement loans for electric three-wheelers
Jul 22, 2026
Manba Finance Limited has launched a dedicated Battery Replacement Financing product to fund new lithium-ion batteries for electric three-wheelers, targeting e-rickshaw and e-cart owners whose earnings are at risk when batteries reach end-of-life....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.