# Manappuram Finance (MANAPPURAM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/manappuram

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹325.4
- Change: -0.18%
- As of: 2026-11-06
- 1D return: -0.18%
- 5D return: +12.60%
- 1M return: +6.99%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, MANAPPURAM trades at ₹325.40, reflecting a sharp intraday reversal from a high of ₹326.00 to a low of ₹315.65. The stock is positioned near the upper end of its 20-day range (+92.2%) but sits around the middle of its 252-day range (+58.8%). Daily momentum remains constructive with the price above all key moving averages (EMA/SMA 20/50/200) and the Supertrend indicating a bullish direction; however, the ADX of 25.06 suggests the trend strength is merely established rather than robust. This daily bullishness contrasts with a bearish monthly Supertrend and a weak weekly ADX of 14.61, highlighting a conflict between short-term positioning and longer-term structure. A significant downward gap anomaly occurred on 2026-11-06, coinciding with a +14.2% weekly range expansion despite a flat daily return (-0.2%). Immediate support lies at the pivot level of ₹325.10, while resistance clusters tightly between ₹329.25 and ₹332.50. The stock carries an annualized volatility of 34.9% and is currently in a -12.5% drawdown from recent highs.

- Price Structure: Trading at ₹325.40, near the top of the 20-day range but mid-range over the last year; daily indicators are bullish while monthly Supertrend remains bearish.
- Momentum & Trend: Daily ADX is 25.06 (established), but weekly ADX is weak at 14.61; price holds above all daily moving averages and Supertrend.
- Key Levels: Support at ₹325.10 (pivot) and ₹321.85 (low); Resistance at ₹329.25 and ₹332.50.
- Risk Signals: Recent downward gap anomaly on 2026-11-06 with high severity; current drawdown is -12.5% against a maximum historical drawdown of -23.1%.

- Bullish Engulfing Reversal
- Outside Bar

### News Context

On 5 November 2026, shares of Manappuram rose by up to 4%, moving in tandem with Muthoot Finance. This price appreciation coincided with gold prices reaching a two-week high, reflecting the sector's sensitivity to underlying commodity valuations. The movement highlights the direct correlation between gold loan stocks and gold price trends, as higher gold valuations can positively influence asset-backed lending metrics.

- Manappuram shares increased by up to 4% on 5 November 2026.
- The rally aligned with Muthoot Finance gains amid a two-week high in gold prices.
- Gold loan sector equities remain closely linked to fluctuations in gold valuations.

- [Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)

### What Changed

Manappuram Finance has scheduled its Board Meeting for November 12, 2026, to consider and approve the Half Yearly Unaudited Financial Results for the period ended September 2026, along with dividend and other business matters. This filing was intimated to the NSE on November 5, 2026. Concurrently, the company announced a virtual Investors Earnings Call and Analyst/Institutional Investor Meet for the same day at 05:00 PM IST. Key management personnel, including CMD Mr. V.P. Nandakumar and MD & CEO of Asirvad Microfinance Mr. GD Manoj Pasangha, will participate in discussing Q2 FY27 results and the business outlook.

- Board Meeting Date: November 12, 2026, to approve H1 FY27 (period ended Sep 2026) financial results and dividend.
- Investor Call Scheduled: Virtual conference call on November 12, 2026, at 05:00 PM IST to discuss Q2 FY27 results and outlook.
- Management Participation: CMD Mr. V.P. Nandakumar and Asirvad Microfinance leadership will present.
- Filing Intimation: Board meeting notice filed with NSE on November 5, 2026.

- [Financial Results/Dividend/Other business matters |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026220302_IntimationSEBD_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend/Other business. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Manappuram Finance Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026222522_prior_intimation_concall_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3317_WebXMLFile_20261105_223252760.xml)

### Official Filings

Manappuram Finance Limited has scheduled its Board Meeting for November 12, 2026, to approve Half-Yearly Unaudited Financial Results for the period ended September 2026 and consider dividend declarations. The company will host a virtual investors' earnings call on the same day at 5:00 PM IST to discuss Q2 FY 2026-27 results and business outlook, featuring CMD Mr. V.P. Nandakumar and key management from Manappuram Finance and Asirvad Microfinance.

On the governance front, two senior business heads—Mr. Digbijay Bandyopadhyay (Commercial Vehicle Finance) and Mr. Ajay Bhalchandra Shelke (Two-Wheeler Finance)—resigned effective mid-September 2026 for personal reasons. Shareholding data as of September 30, 2026, indicates that promoters hold 41.66% of equity, while the public holds 58.34%. A trading window closure for designated persons is in effect from October 1, 2026, until 48 hours post-results announcement to comply with insider trading regulations.

- Board meeting on November 12, 2026, to approve H1 FY27 results and potential dividends.
- Virtual investor call scheduled for November 12, 2026, at 5:00 PM IST with CMD and CFOs.
- Resignation of two senior business heads effective September 15–16, 2026.
- Promoter holding stands at 41.66% as of September 30, 2026; public holding at 58.34%.

- [Financial Results/Dividend/Other business matters |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026220302_IntimationSEBD_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend/Other business. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Manappuram Finance Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026222522_prior_intimation_concall_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3317_WebXMLFile_20261105_223252760.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 41.66 | PUBLIC_VAL: 58.34 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 14-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737373_14102026104016_WEB.xml)
- [Manappuram Finance Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MANAPPURAM_07102026103443_CertificateunderRegulation74_5_SEBIDP.pdf)
- [Manappuram Finance Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/MANAPPURAM_24092026112917_windowclosure24092026.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3317_WebXMLFile_20260924_113918392.xml)
- [Manappuram Finance Limited has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/MANAPPURAM_15092026113133_Reg30FINALsigned.pdf)

### Fundamentals

Manappuram Finance’s Q1 FY2026-27 results show a sequential recovery in top-line growth, with Revenue From Operations rising to ₹3,034.16 crore from ₹2,613.83 crore in Q4 FY2025-26. However, this expansion is accompanied by widening cost pressures: Finance Costs increased to ₹1,273.96 crore and Impairment on Financial Instruments rose to ₹225.47 crore, indicating higher funding expenses and credit costs. The net effect was a compression in profitability; Net Profit fell to ₹217 crore in the September 2025 quarter from ₹572 crore a year earlier, driving EPS down to ₹2.6 from ₹6.74. Year-to-date (TTM), Net Profit stands at ₹1,445 crore against TTM Revenue of ₹10,275 crore, while Financing Margin has tightened to 22% from 32% in the prior year period. Balance-sheet leverage remains elevated, with Borrowings increasing to ₹57,837 crore as of March 2026, supported by significant cash inflows from financing activities. Shareholding patterns indicate a strategic shift, with Promoters increasing their stake to 41.66% while FIIs reduced theirs to 21.04%.

- Revenue grew sequentially to ₹3,034.16 crore in Q1 FY2026-27, but Net Profit declined to ₹217 crore due to rising finance costs (₹1,273.96 crore) and impairment charges (₹225.47 crore).
- Earnings quality signals are mixed: TTM EPS is ₹15.97, yet quarterly EPS dropped sharply to ₹2.6 in Sep 2025, and ROE fell to 7% in Mar 2026 from 21% in Mar 2024.
- Leverage is high with Borrowings at ₹57,837 crore (Mar 2026); Cash from Operating Activity was negative ₹20,238 crore for the year, offset by strong financing inflows of ₹23,834 crore.
- Ownership structure shifted significantly, with Promoter holding rising to 41.66% and FII holding falling to 21.04% in Sep 2026.

### Bear Case

Manappuram Finance faces a deteriorating technical setup across multiple timeframes, signaling potential near-term weakness despite recent positive sentiment from gold prices. On the daily chart, the stock closed at ₹325.40 on 2026-11-06, but momentum indicators show divergence: the ADX (25.06) suggests moderate trend strength, yet the Minus DI (26.21) has crossed above the Plus DI (25.36), indicating selling pressure is currently outweighing buying interest. The weekly trend reinforces this caution, with the Supertrend direction explicitly bearish and the EMA 20 slope negative (-7.98). Furthermore, the monthly trend is also bearish, marked by a high ADX of 69.07, which often accompanies strong directional moves—in this case, downward. The stock is trading within a range bounded by immediate support at ₹325.10 and resistance at ₹329.25, suggesting limited upside momentum in the short term.

- Daily momentum shift: Minus DI (26.21) exceeded Plus DI (25.36) as of 2026-11-06, indicating rising selling pressure despite the daily Supertrend remaining bullish.
- Weekly and Monthly bearish signals: Both weekly and monthly trends display bearish Supertrend directions; the monthly ADX of 69.07 confirms strong underlying trend intensity.
- Price action constraints: The stock closed at ₹325.40, hovering just above the pivot support at ₹325.10, with immediate resistance at ₹329.25 (1.18% above current price).
- Volatility context: The stock carries an annualized volatility of +34.9% and is currently experiencing a drawdown of -12.5%, reflecting significant price fluctuation risk.

- [Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)
- [Financial Results/Dividend/Other business matters |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026220302_IntimationSEBD_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend/Other business. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Manappuram Finance Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026222522_prior_intimation_concall_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3317_WebXMLFile_20261105_223252760.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 41.66 | PUBLIC_VAL: 58.34 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 14-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737373_14102026104016_WEB.xml)
- [Manappuram Finance Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MANAPPURAM_07102026103443_CertificateunderRegulation74_5_SEBIDP.pdf)
- [Manappuram Finance Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/MANAPPURAM_24092026112917_windowclosure24092026.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3317_WebXMLFile_20260924_113918392.xml)

### FAQs

**What key corporate events is Manappuram Finance preparing for in mid-November 2026?**

The company has intimated the NSE about a Board Meeting scheduled for November 12, 2026. This meeting will consider and approve the Half-Yearly Unaudited Financial Results for the period ended September 2026, along with dividend declarations and other business matters. A virtual earnings call with analysts and institutional investors is also scheduled for the same day at 5:00 PM IST to discuss these results.

**How has the stock performed recently relative to its longer-term trends?**

As of November 6, 2026, the stock closed at ₹325.40. It has shown strong short-term momentum with a +13.7% return over the past 10 days and a +18.8% return over the last year. However, it faces near-term headwinds, evidenced by a -10.6% return over the past three months and a current drawdown of -12.5% from its peak.

**What are the immediate technical support and resistance levels for the stock?**

Technical analysis identifies immediate support at ₹325.10 (pivot) and ₹321.85 (low). Resistance levels are located at ₹329.25, ₹332.25, and ₹332.50. The daily trend shows a bullish super-trend direction, while the weekly trend remains bearish, indicating mixed signals across different timeframes.

- [Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)
- [Financial Results/Dividend/Other business matters |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026220302_IntimationSEBD_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Board Meeting to be held on 12-Nov-2026 to consider and approve the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend/Other business. |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Board Meeting Intimation |Meeting Date: 12-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- [Manappuram Finance Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026222522_prior_intimation_concall_SD.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3317_WebXMLFile_20261105_223252760.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 41.66 | PUBLIC_VAL: 58.34 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 14-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737373_14102026104016_WEB.xml)
- [Manappuram Finance Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 |SUBJECT: Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MANAPPURAM_07102026103443_CertificateunderRegulation74_5_SEBIDP.pdf)
- [Manappuram Finance Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/MANAPPURAM_24092026112917_windowclosure24092026.pdf)
- [MANAPPURAM FINANCE LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3317_WebXMLFile_20260924_113918392.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹325.1
- Risk regime: Price Risk Requires Attention

### Support levels
- 269.878125
- 265.5
- 259.77374999999995

### Resistance levels
- 332.253125
- 348.2
- 372.8

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.18% |
| return_10 | +13.74% |
| return_1m | +4.90% |
| return_1y | +18.76% |
| return_20 | +6.99% |
| return_3m | -10.60% |
| return_5 | +12.60% |
| return_6m | +4.98% |
| return_since_start | +69.86% |
| return_ytd | +3.60% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -23.06% |
| annualized_volatility | +34.91% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue growth and lower impairment costs drive profit increase

Manappuram Finance's revenue from operations rose 34% year over year to ₹3,034.16 crore, led by higher interest income. Finance costs increased 49%, but a 60% drop in impairment on financial instruments more than offset that pressure, pushing profit before tax up 670% to ₹781.82 crore and net profit up 341% to ₹584.77 crore. The company raised equity capital during the quarter, which diluted earnings per share; basic EPS still rose 297% year over year to ₹6.23.

## Revenue and Interest Income

Interest earned grew 34% year over year to ₹2,997.70 crore. Revenue from operations, which includes other operating income, rose at a similar pace (34% to ₹3,034.16 crore). Sequentially, revenue from operations improved 16% from the March 2026 quarter.

## Cost Structure and Impairment

Finance costs grew 49% year over year to ₹1,273.96 crore, outpacing revenue growth. Impairment on financial instruments fell sharply, dropping 60% from ₹559.37 crore in the year-ago quarter to ₹225.47 crore. Sequentially, impairment was nearly flat, rising 5% from ₹215.58 crore in the preceding quarter, indicating that impairment charges have stabilized at a much lower level than a year ago. Other expenses declined 6% year over year to ₹167.70 crore.

## Profitability

The combination of higher revenue and lower impairment drove profit before tax from ₹101.52 crore to ₹781.82 crore. Tax expense was ₹197.05 crore, compared to a negative ₹30.95 crore in the year-ago period, implying an effective tax rate of about 25%. Net profit rose 341% to ₹584.77 crore. Sequentially, net profit grew 44% from the March 2026 quarter.

## Equity and Earnings Per Share

Paid-up equity share capital increased 11% to ₹187.87 crore from ₹169.29 crore, indicating a capital raise during the quarter. Basic earnings per share (EPS) was ₹6.23, up 297% from ₹1.57 a year ago, but the growth rate was lower than net profit growth due to the larger share base. Diluted EPS was ₹6.10. Sequentially, basic EPS fell from ₹9.54 in the March 2026 quarter, as the increase in shares outstanding more than offset the 44% rise in net profit.

## Key Takeaway

The quarter's results were marked by a significant improvement in profitability, driven by revenue growth and a reduction in impairment charges from the elevated levels of the prior year. Finance costs rose faster than revenue, but the decline in impairment more than compensated. The capital raise diluted EPS sequentially, but year-over-year earnings per share still rose 297%.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +41.66%
- FII holding: +22.30%
- DII holding: +14.85%
- Mutual fund holding: +12.84%
- Retail holding: +10.95%
- Promoter pledged: +0.00%

### Major reported shareholders

- Nandakumar V P — +26.18%
- BC Asia Investments XXV Limited — +9.89% (Bodies Corporate)
- Smallcap World Fund, Inc — +5.49%
- Sushama Nandakumar — +5.11%
- Sbi Arbitrage Opportunities Fund — +2.38%
- Government Pension Fund Global — +2.24%
- Quant Mutual Fund - Quant Small Cap Fund — +2.09%
- Icici Prudential Multicap Fund — +1.30%
- Goldman Sachs Bank Europe Se - Odi — +1.04%
- Jyothy Prasannan — +0.48%

## Official filings

- 2026-11-07 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3317_WebXMLFile_20261107_100601394.xml)
- 2026-11-07 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_ROID_104248_KMP_Doc.zip)
- 2026-11-07 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_07112026101504_Reg_30_GCTO_Resignation_SD.pdf)
- 2026-11-05 — Board Meeting Notice: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026220302_IntimationSEBD_SD.pdf)
- 2026-11-05 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- 2026-11-05 — Board Meeting Notice: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3317_WebXMLFile_20261105_220620794.xml)
- 2026-11-05 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_05112026222522_prior_intimation_concall_SD.pdf)
- 2026-11-05 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3317_WebXMLFile_20261105_223252760.xml)
- 2026-10-14 — Shareholding Disclosure: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737373_14102026104016_WEB.xml)
- 2026-10-07 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_07102026103443_CertificateunderRegulation74_5_SEBIDP.pdf)
- 2026-09-24 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_24092026112917_windowclosure24092026.pdf)
- 2026-09-24 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3317_WebXMLFile_20260924_113918392.xml)
- 2026-09-15 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_15092026113133_Reg30FINALsigned.pdf)
- 2026-09-15 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_ROID_98394_KMP_Doc.zip)
- 2026-09-11 — Shareholding Disclosure: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1722986_09092026051805_WEB.xml)
- 2026-09-01 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_01092026195205_Reg30FINALsigned.pdf)
- 2026-09-01 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3317_WebXMLFile_20260901_200431230.xml)
- 2026-09-01 — Management Change: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_ROID_97679_KMP_Doc.zip)
- 2026-08-19 — Official Filing: MANAPPURAM FINANCE LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_3317_WebXMLFile_20260819_170940946.xml)
- 2026-08-17 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_17082026184939_MAFIL_transcript_signed.pdf)
- 2026-08-17 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_17082026191658_NCD_Intimation_signed.pdf)
- 2026-08-13 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_13082026101036_MAReportforSE_signed.pdf)
- 2026-08-13 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_13082026152525_SEintimationvotingresults_signed.pdf)
- 2026-08-12 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_12082026211216_IntimationofSchedulefinal.pdf)
- 2026-08-12 — Generic Announcement: Manappuram Finance Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MANAPPURAM_12082026213001_34AGMPROCEEDINGS.pdf)

## News and market events

- 2026-11-05 — MONEYCONTROL: **Muthoot Finance, Manappuram shares rise up to 4% as gold prices hit a two-week high** — Shares of Muthoot Finance and Manappuram rose by up to 4% as gold prices reached a two-week high. This movement in the gold loan sector stocks coincided with the recent surge in gold valuations. — [Source](https://www.moneycontrol.com/news/business/markets/muthoot-finance-manappuram-shares-rise-up-to-4-as-gold-prices-hit-a-two-week-high-14071204.html)
- 2026-10-23 — Mint: **Bajaj General Insurance appoints former Manappuram head Deepak Reddy as CEO-designate | Company Business News** — Bajaj General Insurance has named Deepak Reddy, former CEO of Manappuram Finance, as CEO-designate from 1 January 2027, subject to regulatory approval. — [Source](https://www.livemint.com/companies/bajaj-general-insurance-appoints-former-manappuram-head-deepak-reddy-as-ceodesignate-11792762378218.html)
- 2026-10-22 — CNBC-TV18: **Asirvad Micro Finance elevates G D Manoj Pasangha to MD and CEO after RBI approval** — Asirvad Micro Finance has elevated G D Manoj Pasangha to managing director and chief executive officer following RBI approval, aiming to strengthen portfolio quality and governance. — [Source](https://www.cnbctv18.com/business/asirvad-micro-finance-elevates-g-d-manoj-pasangha-to-md-and-ceo-after-rbi-approval-20017456.htm)
- 2026-09-28 — CNBC-TV18: **Sensex closes over 1,000 points lower: 5 reasons behind today's market fall** — All four frontline indices closed nearly 2% lower, with the Nifty Bank emerging as the biggest underperformer. Rising crude continued to weigh on the market, with seven Nifty stocks closing at their 52-week lows. — [Source](https://www.cnbctv18.com/market/sensex-closes-over-1000-points-lower-5-reasons-behind-todays-market-fall-20000056.htm)
- 2026-09-28 — BUSINESS: **Paisalo Digital Ltd leads losers in 'A' group** — Jana Small Finance Bank Ltd, Manappuram Finance Ltd, Poly Medicure Ltd and Yes Bank Ltd are among the other losers in the BSE's 'A' group today, 28 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/paisalo-digital-ltd-leads-losers-in-a-group-126092800635_1.html)
- 2026-09-28 — The Hindu: **Sensex today | Stock Market Live Updates: Stock to buy today: Manappuram Finance (₹334)** — Sensex, Nifty, Share Prices Live: The stock of Manappuram Finance saw a decline in price in the recent weeks. However, the long-term trend remains bullish. Since June 2022, such price corrections were followed by a fresh leg of rally. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-28-septmeber-2026/article71515691.ece)
- 2026-09-24 — BUSINESS: **Stock Alert: Avantel, IOL Chem, Concord Biotech,ESAF SFB, NSE** — Kaynes Tech, LIC Housing Finance, Manappuram Finance, SAIL barred from F&O trading on 24 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-avantel-iol-chem-concord-biotech-esaf-sfb-nse-126092400179_1.html)
- 2026-09-15 — BUSINESSTODAY: **Manappuram Finance shares fall 3% after two senior management resignations** — Manappuram Finance, Manappuram Finance shares, Manappuram Finance stock, Manappuram senior management resignation, Digbijay Bandyopadhyay, Ajay Bhalchandra Shelke, Manappuram Commercial Vehicle Finance, Manappuram Two-Wheeler Finance, Manappuram share price, gold loan stocks, shares news today, shares today, Manappuram — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-shares-fall-3-after-two-senior-management-resignations-555535-2026-09-15)
- 2026-09-11 — CNBC-TV18: **Exclusive | Is the RBI worried about gold loans? Here's what the governor said** — RBI monitors rapid gold loan growth but sees no immediate concern due to low GNPAs, LTVs, and safeguards, says Governor Sanjay Malhotra. — [Source](https://www.cnbctv18.com/business/finance/exclusive-is-rbi-worried-about-gold-loans-here-is-what-the-governor-said-19989315.htm)
- 2026-09-11 — BUSINESS: **Stock Alert: Shankesh Jewellery. Neogen Chem, Texmaco Rail Juniper Green Energy** — Shares of Bandhan Bank, Inox Wind, Kaynes Technology, SAIL and Manappuram Finance barred from fresh F&O positions on 11 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-shankesh-jewellery-neogen-chem-texmaco-rail-juniper-green-energy-126091100137_1.html)
- 2026-09-09 — BUSINESSTODAY: **HDFC Bank, ICICI Bank, IndusInd, Axis, Manappuram: Top financial stocks to buy; check fresh targets** — IDBI Capital stock picks, IDBI Capital target prices, IDBI Capital buy rating, banking stocks to buy, NBFC stocks to buy, best banking stocks, NBFC stocks, HDFC Bank target price, ICICI Bank target price, IndusInd Bank target price, Axis Bank target price, Federal Bank target price, DCB Bank target price, Union Bank of India target price, City Union Bank target price, Muthoot Finance target price, Manappuram target price, M&M Finance target price, Chola Finance target price, Shriram Finance target price, Aadhar Housing target price, Home First target price — [Source](https://www.businesstoday.in/markets/stocks/story/hdfc-bank-icici-bank-indusind-axis-bank-manappuram-top-financial-stocks-to-buy-check-fresh-targets-554211-2026-09-09)
- 2026-09-08 — BUSINESSTODAY: **Gold-loan NBFCs stare at tougher competition as banks enter the market** — Gold loans, NBFCs, Muthoot Finance, Manappuram Finance, Bank competition — [Source](https://www.businesstoday.in/industry/banks/story/gold-loan-nbfcs-stare-at-tougher-competition-as-banks-enter-the-market-553801-2026-09-08)
- 2026-09-07 — CNBC-TV18: **FIIs turn marginal buyers on Monday, DIIs extend 20-session streak** — Foreign institutional investors turned marginal net buyers in Indian equities on Monday after selling on Friday, while domestic institutional investors extended their buying streak to 20 sessions. — [Source](https://www.cnbctv18.com/market/fiis-turn-marginal-buyers-on-monday-diis-extend-20-session-streak-19985900.htm)
- 2026-09-07 — BUSINESSTODAY: **Manappuram Finance, Muthoot Finance shares: Antique sees up to 21% upside on two gold loan stocks** — Manappuram Finance, Muthoot Finance, gold financiers, gold loans, gold financing, Manappuram Finance target price, Muthoot Finance target price, Antique Stock Broking, Manappuram Finance BUY rating, Muthoot Finance HOLD rating — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-muthoot-finance-shares-antique-sees-up-to-21-upside-on-two-gold-loan-stocks-553554-2026-09-07)
- 2026-09-07 — CNBC-TV18: **Zydus Wellness up 8%, PVR Inox down 7%: Check out other Nifty 500 top movers** — Some Nifty 500 stocks rallied at market open, while others slid on an executive exit report and profit booking — here's a look at today's top gainers and losers. — [Source](https://www.cnbctv18.com/market/stocks/zydus-wellness-up-8-pvr-inox-down-7-check-out-other-nifty-500-top-movers-19985230.htm)
- 2026-09-02 — NEWS.WEBINDIA123.COM: **Gold loan growth driven more by higher gold prices, repeat borrowing than new customers: Report** — The rapid growth in India's gold loan market is increasingly being driven by higher gold prices and repeat borrowing by existing customers rather than a significant rise in new borrowers or the amount of gold being pledged, according to a Motilal Oswal thematic report on the gold loan sector. — [Source](https://news.webindia123.com/news/articles/business/20260902/4493824.html)
- 2026-08-31 — BUSINESSTODAY: **Manappuram Finance, HZL, NFIL, Meesho: Jefferies adds 4 stocks to portfolio; here's why** — HZL share price, Manappuram Finance share price, Meesho share price, Hindustan Zinc share price, Hind Zinc share price, Jefferies, Jefferies model portfolio — [Source](https://www.businesstoday.in/markets/stocks/story/manappuram-finance-hzl-nfil-meesho-jefferies-adds-4-stocks-to-portfolio-heres-why-552145-2026-08-31)
- 2026-08-28 — BUSINESS: **Gold monetisation: Manappuram, MCX among Jefferies top stock picks** — While gold has traditionally been a dormant store of value for Indian households, the current price upcycle is increasingly turning the asset into a source of liquidity through gold-backed loans. — [Source](https://www.business-standard.com/markets/news/gold-monetisation-manappuram-mcx-among-jefferies-top-stock-picks-126082800232_1.html)
- 2026-08-28 — CNBC-TV18: **Jefferies Model Portfolio: Here's why Manappuram, Hindustan Zinc and two others are the new inclusions** — In its note, Mahesh Nandurkar of Jefferies wrote about the recent surge in gold prices in the global markets, highlighting that Indians hold gold worth nearly $4 trillion, nearly 4x the money they hold in stocks. — [Source](https://www.cnbctv18.com/market/jefferies-india-model-portfolio-manappuram-hindustan-zinc-hzl-meesho-navin-fluorine-share-price-rationale-inclusion-exclusion-19978737.htm)
- 2026-08-27 — CNBC-TV18: **Market at close: Sensex sheds 539 points, Nifty ends below 24,100; HDFC Bank drags** — Indian equity markets remained under pressure on Thursday, with the Sensex falling 539 points to 76,933 and the Nifty declining 117 points to 24,091, ending at one-week lows. The Nifty slipped below the crucial 24,100 level, while market breadth remained firmly in favour of declines. — [Source](https://www.cnbctv18.com/market/market-at-close-sensex-sheds-539-points-nifty-ends-below-24100-hdfc-bank-drags-19978430.htm)
- 2026-08-26 — MONEYCONTROL: **Beating the Nifty on lower risk: The conviction bets inside this boutique PMS** — ONGC, HDFC, muthoot, manappuram, finance, gold, microfinance, bajaj finance — [Source](https://www.moneycontrol.com/news/business/markets/beating-the-nifty-on-lower-risk-the-conviction-bets-inside-this-boutique-pms-14016047.html)
- 2026-08-25 — BUSINESS: **Gold loan market gets crowded: Will new entrants dull incumbents' sheen?** — Gold loans stood at around ₹18.6 trillion, or nearly 11 per cent of retail credit, after growing at a 34 per cent CAGR between FY21 and FY26. — [Source](https://www.business-standard.com/markets/news/gold-loan-market-gets-crowded-will-new-entrants-dull-incumbents-sheen-126082500064_1.html)
- 2026-08-24 — Economic Times: **Muthoot Finance, Manappuram Finance shares rally up to 11% in 4 days as gold crosses Rs 1.63 lakh** — Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained sharply as gold prices climbed on a weaker dollar and liquidity support from the US Treasury. Investors are watching US inflation data and Fed signals at Jackson Hole. Rising gold prices and geopolitical tensions continue supporting demand for gold-backed lending. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/muthoot-finance-manappuram-finance-shares-rally-up-to-11-in-4-days-as-gold-crosses-rs-1-63-lakh/articleshow/133455929.cms)
- 2026-08-21 — MONEYCONTROL: **IIFL, Muthoot, Manappuram ​Finance gain up to 8% as J.P. Morgan initiates coverage on gold financiers** — IIFL finance shares, Muthoot Finance share price today news, Manappuram ​Finance shares nse — [Source](https://www.moneycontrol.com/news/business/markets/iifl-manappuram-finance-gain-up-to-8-as-j-p-morgan-initiates-coverage-on-gold-financiers-14012302.html)
- 2026-08-20 — MONEYCONTROL: **Manappuram, Muthoot Finance shares rise up to 4% after gold scales over 2-month peak on US Treasury move** — Manappuram, Muthoot Finance, gold prices — [Source](https://www.moneycontrol.com/news/business/markets/manappuram-muthoot-finance-shares-rise-up-to-4-after-gold-scales-over-2-month-peak-on-us-treasury-move-14011147.html)

## Business profile

**Strategic vision:** Indian non-banking financial company offering diversified financial services.

### Business segments
- **Gold Loans:** The core business providing loans against gold with quick approvals and minimal paperwork through an extensive branch network.
- **Business Loans:** Financial assistance provided to businesses.
- **Housing Loans:** Includes Housing Loan, Home Improvement Loan, and Balance Transfer and Top-up facilities.
- **Property Loan:** Loans secured against property.
- **Forex and Money Transfer:** Services for foreign exchange and money remittances.
- **MAkash - Digital Wallet:** A digital payment solution.
- **Microfinance:** Engaged in microfinance activities through a subsidiary.

### Competitive strengths
- Extensive branch network for gold loan services.
- Digital platforms for enhanced customer access.
- Diversified financial product offerings.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/manappuram
Markdown representation: https://faxioms.com/stocks/manappuram?render=md