Manba Finance Limited (IN:MANBA)
:MANBA
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Manba Finance Limited
(MANBA)
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Rating:55Neutral
Price Target:
₹121.00
▼(-10.00% Downside)
Action:N/A
Date:05/29/26
The score is driven primarily by financial fundamentals that combine strong growth with elevated balance-sheet risk and very weak cash flow (negative operating and free cash flow, deteriorating in FY2026). Technicals are also a headwind with the stock trading below key moving averages and negative MACD. Valuation is relatively reasonable (P/E ~13) but does not fully compensate for the cash flow and leverage risks.
Positive Factors
Focused retail vehicle finance model
A concentrated business model focused on two‑wheelers and vehicle finance with dealer and retail distribution supports durable origination volume and scale. Collateralized loans and established dealer channels create repeatable pipelines and specialization advantages that endure beyond short cycles.
Negative Factors
High and rising leverage
Marked increase in borrowings and an elevated debt/equity profile amplify interest‑rate and refinancing risks. For an NBFC, heavy leverage narrows flexibility if credit costs rise or funding conditions tighten, making capital structure a persistent vulnerability over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused retail vehicle finance model
A concentrated business model focused on two‑wheelers and vehicle finance with dealer and retail distribution supports durable origination volume and scale. Collateralized loans and established dealer channels create repeatable pipelines and specialization advantages that endure beyond short cycles.
Read all positive factors
Manba Finance Limited (MANBA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.88B
Dividend Yield0.71%
Average Volume (3M)23.69K
Price to Earnings (P/E)13.0
Beta (1Y)1.10
Revenue Growth31.69%
EPS Growth19.92%
CountryIN
Employees1,468
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)3.87
Shares Outstanding50,239,410
10 Day Avg. Volume21,667
30 Day Avg. Volume23,686
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 primarily makes money by earning interest income on loans it disburses (its core lending business). Key revenue streams typically include: (1) Interest income: the spread between the interest charged to borrowers on vehicle/c...
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 Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹5.00B | 5.80 | ― | 0.93% | 19.22% | 18.92% | |
55 Neutral | ₹5.88B | 12.99 | ― | 0.71% | 31.69% | 19.92% | |
49 Neutral | ₹5.05B | 362.81 | ― | ― | 16.52% | -4.17% | |
47 Neutral | ₹3.20B | 28.87 | ― | ― | 32.79% | -75.58% |
* Financial Sector Average
IN:MANBA
Manba Finance Limited
117.10
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-20.07%
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Manba Finance Limited Corporate Events
Manba Finance Expands EV and Rural Lending via New Strategic Partnerships
Jun 8, 2026
Manba Finance Limited has entered into strategic partnerships with Gurugram-based AMU Leasing Pvt. Ltd. and BRMP Leasing Finance Private Limited, which operates under the SHFIN brand, to broaden its presence in electric mobility and rural financi...
Manba Finance to Join 11th Valorem Investor Conference in Mumbai
Mar 12, 2026
Manba Finance Limited has announced that it will participate in the 11th Annual Valorem Conference themed “Resilient Corporates, Relentless India,” to be held on March 23, 2026, at the Grand Hyatt in Mumbai. The company has clarified t...
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.