Published: 23th Sep 2024
By: Value Research
Manba Finance is a non-deposit-taking NBFC that provides financing solutions for various vehicle categories, small businesses and personal loans. Currently, it has 29 branches spread across six states in central, north and western India.
Total IPO size (Rs cr) 151 Offer for sale (Rs cr) 0 Fresh issue (Rs cr) 151 Price band (Rs) 114-120 Subscription dates September 23-25, 2024 Purpose of issue Capital expenditure
M-cap (Rs cr) 603 Net worth (Rs cr) 351 Promoter holding (%) 75.0 Price/earnings ratio (P/E) 19.2 Price/book ratio (P/B) 1.7
Key financials 2Y CAGR (%) FY24 FY23 FY22 NII (Rs cr) 35.4 88 70 48 PAT (Rs cr) 79.6 31 17 10 AUM (Rs cr) 37.5 937 634 496 Borrowings (Rs cr) 764 608 395 Net worth (Rs cr) 201 168 152
NII is net interest income AUM is assets under management PAT is profit after tax
3Y average (%) FY24 FY23 FY22 ROE (%) 11.3 17 10.4 6.6 ROA (%) 2.5 3.6 2.2 1.7 NIM (%) 10.9 11.2 12.3 9.3 GNPA (%) 4.2 4 3.7 4.9Ratios
ROE is return on equity ROA is return on assets NIM is net interest margin GNPA is gross non-performing assets
Manba Finance has long-standing relationships with over 1,100 dealers, including more than 190 EV (electric vehicle) dealers. This is beneficial for the company since dealers act as the primary source for generating leads on customers’ funding needs.
High dependence on the two-wheeler market and a high NPA (non-performing assets) are some of Manba Finance’s drawbacks. To read the full analysis, read the full story by heading to the link below.