Manappuram Finance Limited (MANAPPURAM) - Net Assets

Latest as of September 2025: Rs127.21 Billion INR ≈ $1.38 Billion USD

Based on the latest financial reports, Manappuram Finance Limited (MANAPPURAM) has net assets worth Rs127.21 Billion INR (≈ $1.38 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs516.57 Billion ≈ $5.59 Billion USD) and total liabilities (Rs389.37 Billion ≈ $4.21 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MANAPPURAM intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs127.21 Billion
% of Total Assets	24.63%
Annual Growth Rate	40.97%
5-Year Change	69.27%
10-Year Change	347.93%
Growth Volatility	80.68

Manappuram Finance Limited - Net Assets Trend (2006–2025)

This chart illustrates how Manappuram Finance Limited's net assets have evolved over time, based on quarterly financial data. See MANAPPURAM cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Manappuram Finance Limited (2006–2025)

The table below shows the annual net assets of Manappuram Finance Limited from 2006 to 2025. For live valuation and market cap data, see MANAPPURAM company net worth.

Year	Net Assets	Change
2025-03-31	Rs124.49 Billion ≈ $1.35 Billion	+7.53%
2024-03-31	Rs115.77 Billion ≈ $1.25 Billion	+19.78%
2023-03-31	Rs96.65 Billion ≈ $1.05 Billion	+15.28%
2022-03-31	Rs83.84 Billion ≈ $906.75 Million	+14.00%
2021-03-31	Rs73.55 Billion ≈ $795.38 Million	+26.71%
2020-03-31	Rs58.04 Billion ≈ $627.72 Million	+26.99%
2019-03-31	Rs45.71 Billion ≈ $494.29 Million	+18.32%
2018-03-31	Rs38.63 Billion ≈ $417.76 Million	+14.10%
2017-03-31	Rs33.86 Billion ≈ $366.14 Million	+21.82%
2016-03-31	Rs27.79 Billion ≈ $300.56 Million	+4.95%
2015-03-31	Rs26.48 Billion ≈ $286.39 Million	+6.28%
2014-03-31	Rs24.92 Billion ≈ $269.47 Million	+2.00%
2013-03-31	Rs24.43 Billion ≈ $264.19 Million	+2.60%
2012-03-31	Rs23.81 Billion ≈ $257.50 Million	+23.76%
2011-03-31	Rs19.24 Billion ≈ $208.07 Million	+215.11%
2010-03-31	Rs6.11 Billion ≈ $66.03 Million	+263.70%
2009-03-31	Rs1.68 Billion ≈ $18.15 Million	+78.97%
2008-03-31	Rs938.00 Million ≈ $10.14 Million	+228.28%
2007-03-31	Rs285.73 Million ≈ $3.09 Million	+56.36%
2006-03-31	Rs182.74 Million ≈ $1.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Manappuram Finance Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 7517095000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs75.17 Billion	60.46%
Common Stock	Rs1.69 Billion	1.36%
Other Comprehensive Income	Rs33.27 Billion	26.76%
Other Components	Rs14.19 Billion	11.42%
Total Equity	Rs124.32 Billion	100.00%

Manappuram Finance Limited Competitors by Market Cap

The table below lists competitors of Manappuram Finance Limited ranked by their market capitalization.

Company	Market Cap
ERMENEGILDO ZEG.DL -0001 F:JN0	$2.94 Billion
First BanCorp F:OLWN	$2.94 Billion
TISCO Financial Group Public Company Limited BK:TISCO	$2.94 Billion
Quick Intelligent Equipment Co Ltd SHG:603203	$2.94 Billion
Beijing Xinleineng Technology Co Ltd SHE:300593	$2.94 Billion
Jiangxi Hongdu Aviation Industry Co Ltd SHG:600316	$2.94 Billion
Pony AI Inc. American Depositary Shares NASDAQ:PONY	$2.94 Billion
Ninestar Corp SHE:002180	$2.94 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Manappuram Finance Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 115,481,020,000 to 124,321,900,000, a change of 8,840,880,000 (7.7%).
Net income of 12,161,470,000 contributed positively to equity growth.
Dividend payments of 3,385,700,000 reduced retained earnings.
Share repurchases of 16,300,000 reduced equity.
Other comprehensive income increased equity by 3,674,510,000.
Other factors decreased equity by 3,593,100,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs12.16 Billion	+9.78%
Dividends Paid	Rs3.39 Billion	-2.72%
Share Repurchases	Rs16.30 Million	-0.01%
Other Comprehensive Income	Rs3.67 Billion	+2.96%
Other Changes	Rs-3.59 Billion	-2.89%
Total Change	Rs-	7.66%

Book Value vs Market Value Analysis

This analysis compares Manappuram Finance Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.21x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 357.97x to 2.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs0.90	Rs321.35	x
2007-03-31	Rs1.30	Rs321.35	x
2008-03-31	Rs3.94	Rs321.35	x
2009-03-31	Rs6.13	Rs321.35	x
2010-03-31	Rs11.01	Rs321.35	x
2011-03-31	Rs34.68	Rs321.35	x
2012-03-31	Rs28.30	Rs321.35	x
2013-03-31	Rs29.04	Rs321.35	x
2014-03-31	Rs29.62	Rs321.35	x
2015-03-31	Rs31.30	Rs321.35	x
2016-03-31	Rs32.79	Rs321.35	x
2017-03-31	Rs39.95	Rs321.35	x
2018-03-31	Rs45.46	Rs321.35	x
2019-03-31	Rs53.62	Rs321.35	x
2020-03-31	Rs67.88	Rs321.35	x
2021-03-31	Rs86.40	Rs321.35	x
2022-03-31	Rs98.87	Rs321.35	x
2023-03-31	Rs113.95	Rs321.35	x
2024-03-31	Rs136.43	Rs321.35	x
2025-03-31	Rs145.37	Rs321.35	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Manappuram Finance Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 9.78%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.29%
• Asset Turnover: 0.20x
• Equity Multiplier: 3.96x
Recent ROE (9.78%) is below the historical average (18.53%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	22.23%	19.84%	0.19x	6.04x	Rs22.35 Million
2007	37.82%	30.54%	0.22x	5.55x	Rs79.48 Million
2008	22.77%	32.25%	0.23x	3.12x	Rs119.80 Million
2009	17.65%	23.26%	0.19x	3.93x	Rs128.38 Million
2010	19.61%	35.08%	0.13x	4.17x	Rs586.66 Million
2011	14.69%	33.27%	0.11x	4.04x	Rs902.68 Million
2012	24.84%	37.75%	0.13x	5.07x	Rs3.53 Billion
2013	8.53%	9.24%	0.18x	5.21x	Rs-358.59 Million
2014	9.07%	10.76%	0.19x	4.35x	Rs-231.93 Million
2015	10.31%	13.67%	0.17x	4.41x	Rs80.37 Million
2016	12.81%	14.97%	0.18x	4.66x	Rs775.65 Million
2017	22.48%	22.27%	0.22x	4.51x	Rs4.20 Billion
2018	17.65%	19.57%	0.20x	4.49x	Rs2.94 Billion
2019	20.79%	22.36%	0.21x	4.52x	Rs4.88 Billion
2020	25.54%	26.59%	0.19x	5.04x	Rs8.93 Billion
2021	23.60%	27.21%	0.20x	4.29x	Rs9.94 Billion
2022	15.87%	21.96%	0.18x	4.04x	Rs4.92 Billion
2023	15.51%	22.51%	0.17x	4.10x	Rs5.31 Billion
2024	18.95%	24.86%	0.19x	4.05x	Rs10.34 Billion
2025	9.78%	12.29%	0.20x	3.96x	Rs-270.72 Million

Industry Comparison

This section compares Manappuram Finance Limited's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $13,875,001,886
Average return on equity (ROE) among peers: 14.14%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Manappuram Finance Limited (MANAPPURAM)	Rs127.21 Billion	22.23%	3.06x	$2.94 Billion
Akme Fintrade India Ltd (AFIL)	$3.82 Billion	8.69%	0.77x	$66.41 Million
Arman Financial Services Limited (ARMANFIN)	$66.41 Million	10.09%	1.89x	$192.84 Million
Baid Finserv Limited (BAIDFIN)	$108.03 Million	5.96%	2.17x	$16.78 Million
Bajaj Finance Limited (BAJFINANCE)	$96.00 Billion	19.13%	5.64x	$64.48 Billion
Capri Global Capital Limited (CGCL)	$2.81 Billion	44.70%	0.62x	$2.30 Billion
Cholamandalam Investment and Finance Company Limited (CHOLAFIN)	$3.01 Billion	11.80%	5.99x	$15.41 Billion
Cholamandalam Financial Holdings Limited (CHOLAHLDNG)	$28.18 Billion	10.24%	7.22x	$3.23 Billion
CREDITACCESS GRAMEEN LIMITED (CREDITACC)	$4.60 Billion	18.10%	5.11x	$2.46 Billion
CSL Finance Limited (CSLFINANCE)	$518.95 Million	12.68%	0.00x	$55.58 Million
DCM Financial Services Limited (DCMFINSERV)	$-371.72 Million	0.00%	0.00x	$1.25 Million

About Manappuram Finance Limited

NSE:MANAPPURAM India Credit Services

Market Cap

$2.94 Billion

Rs272.00 Billion INR

Market Cap Rank

#5075 Global

#224 in India

Share Price

Rs321.35

Change (1 day)

+0.72%

52-Week Range

Rs247.90 - Rs330.25

All Time High

Rs330.25