Manba Finance Ltd

Manba Finance Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Manba Finance Ltd

₹ 145 -2.87%
21 Nov - close price
Company website BSE: 544262 NSE: MANBA
About

Established in 1998, Manba Finance Limited is a non-banking finance company offering financial solutions for new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans and personal loans[1]

Key Points
  1. Two-Wheeler Financing[1]
  2. Target Customers: Manba Finance specializes in financing two-wheeler purchases, typically for middle-income and low-income individuals who may find it difficult to access loans from traditional banks.
  3. Dealership Partnerships: The company has tie-ups with various two-wheeler dealerships, enabling them to offer instant financing options at the point of sale.

  4. Revenue Model: They earn interest on loans, processing fees, and other charges, providing affordable repayment options over monthly installments.

  5. Personal Loans[1]

  6. Small Ticket Personal Loans: They offer unsecured personal loans for various purposes such as medical emergencies, education, or personal needs.
  7. Risk Management: Since personal loans are unsecured, the company relies heavily on credit assessments and customer profiling to manage the risk.
Website BSE NSE
  • Market Cap ₹ 728 Cr.
  • Current Price ₹ 145
  • High / Low ₹ 172 / 125
  • Stock P/E 23.2
  • Book Value ₹ 70.4
  • Dividend Yield 0.17 %
  • ROCE 13.9 %
  • ROE 17.0 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.5% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Mar 2023 Jun 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
30 35 35 48 55 49 65
14 15 13 19 19 18 21
Operating Profit 16 19 22 29 36 31 44
OPM % 53% 56% 62% 61% 66% 63% 68%
1 2 1 0 0 0 0
Interest 13 16 18 22 24 23 27
Depreciation 1 1 1 1 1 1 1
Profit before tax 3 4 4 6 11 7 16
Tax % -25% 41% 36% 23% 13% 21% 27%
4 2 3 5 10 5 12
EPS in Rs 3.10 1.96 2.13 3.85 2.60 1.38 2.32
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
87 118 105 107 133 192 217
31 38 34 37 52 67 76
Operating Profit 56 79 72 69 82 125 141
OPM % 64% 67% 68% 65% 61% 65% 65%
1 -3 -5 -7 1 0 0
Interest 35 50 51 47 57 82 96
Depreciation 2 2 4 4 4 4 4
Profit before tax 21 24 12 12 21 39 40
Tax % 32% 24% 25% 22% 28% 19%
14 18 9 9 15 31 31
EPS in Rs 15.20 14.49 7.22 7.51 12.11 8.28 10.15
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 22%
TTM: 44%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 35%
TTM: 105%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 12%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 13 13 13 13 38 50
Reserves 94 123 130 140 154 163 303
372 394 379 395 608 763 891
31 11 6 16 15 10 18
Total Liabilities 506 541 528 564 789 974 1,263
15 14 16 13 22 20 18
CWIP 0 0 0 0 0 0 0
Investments 0 0 0 0 18 27 32
491 527 512 551 749 927 1,213
Total Assets 506 541 528 564 789 974 1,263

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 73 18 -124 -141
-1 -1 -1 -19 1
-13 -69 19 202 156
Net Cash Flow -7 3 36 59 16

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0
Working Capital Days 1,849 1,567 43 1 3 16
ROCE % 15% 13% 12% 12% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2024
74.98%
5.16%
3.26%
16.60%
No. of Shareholders 36,351

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

No data available.

DRHP

Credit ratings

Concalls