Manappuram FinanceBOM:531213 +5.63%69 ROE % is 10.07% as of Mar. 2026, which is 49% below its 10-year median of 19.76. GuruFocus rates BOM:531213 with a GF Score™ of 69/100 and a GF Value™ of ₹206.57 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 527 Credit Services companies, Manappuram Finance ranks better than 52.75% on this metric.
The historical rank and industry rank for Manappuram Finance's ROE % or its related term are showing as below:
BOM:531213'
s ROE % Range Over the Past 10 Years
Min: 7.04 Med: 19.76 Max: 28.52
Current: 7.31
During the past 13 years, Manappuram Finance's highest ROE % was 28.52%. The lowest was 7.04%. And the median was 19.76%.
BOM:531213's ROE % is ranked better than 52.75% of 527
companies
in the Credit Services industry
Industry Median: 6.67
vs BOM:531213: 7.31
Manappuram Finance (BOM:531213) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Manappuram Finance ROE % Related Terms
Manappuram Finance ROE % Historical Data
* Premium members only.
The historical data trend for Manappuram Finance's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Credit Services subindustry, Manappuram Finance's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manappuram Finance ROE % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Manappuram Finance's ROE % distribution charts can be found below:
* The bar in red indicates where Manappuram Finance's ROE % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Manappuram Finance (BOM:531213) has a ROE % of 10.07% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Manappuram Finance and its competitors. This is 49% below median its historical median of 19.76. Over the past decade, Manappuram Finance's ROE % has ranged from 7.04 to 28.52. According to the industry distribution chart, Manappuram Finance ranks #249 out of 527 companies in the Credit Services industry, placing it in the top 47.2%.
Is Manappuram Finance's ROE % too high?
Manappuram Finance's current ROE % of 10.07% is 49% below median its 10-year median of 19.76. Over the past 10 years, this metric has ranged from a low of 7.04 to a high of 28.52. The Credit Services industry median ROE % is 6.67. Manappuram Finance's value of 10.07% is 51% above this industry median. Based on the distribution chart, Manappuram Finance ranks #249 out of 527 companies in the Credit Services industry, which is above the industry midpoint. Overall, Manappuram Finance has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manappuram Finance's ROE % compare to V and MA?
According to the Credit Services industry distribution chart, Manappuram Finance ranks #249 out of 527 companies for ROE %. This puts Manappuram Finance in the upper half of its industry. The industry median ROE % is 6.67. Manappuram Finance's value of 10.07% is 51% above this benchmark. Historically, Manappuram Finance's own ROE % has ranged from 7.04 to 28.52 over the past decade. While the company's 10-year median is 19.76 vs. the industry median of 6.67, Manappuram Finance has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Credit Services company?
The median ROE % among Credit Services companies is 6.67, based on 527 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manappuram Finance's current ROE % of 10.07% is 51% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Manappuram Finance and its competitors. For the Credit Services industry, the median ROE % is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manappuram Finance's current ROE % is 10.07%, which is 49% below median its own 10-year median of 19.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manappuram Finance stock overvalued right now?
Based on GuruFocus' analysis, Manappuram Finance (BOM:531213) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹206.57, compared to a current price of ₹346.40 — trading 67.7% above its estimated fair value. The current ROE % is 10.07%, which is 49% below median its 10-year median of 19.76 and 51% above the Credit Services industry median of 6.67. Manappuram Finance's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Manappuram Finance (BOM:531213), the current ROE % is 10.07% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Manappuram Finance (BOM:531213) Overvalued in 2026?
Based on GuruFocus' analysis, Manappuram Finance stock appears to be overvalued.
The current stock price of ₹346.40 is trading 67.7% above its estimated GF Value™ of ₹206.57.
GuruFocus considers Manappuram Finance to be Significantly Overvalued.
Key valuation signals for BOM:531213:
ROE %: 10.07% (49% below median its 10-year median of 19.76)
GF Value™: ₹206.57 vs. price of ₹346.40 (67.7% above fair value)
Industry Position: 51% above the Credit Services median (#249 of 527)
No single metric tells the full story. See the BOM:531213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manappuram Finance Ltd is an Indian non-banking financial company. It is engaged in providing gold loans, microfinance, housing loans, and commercial vehicle loans. The company's products include SME loans, online gold loans, money transfers, domestic money transfers, foreign exchange, loans against property, depository services, and commercial vehicle loans. It also provides loans against a property to self-employed professionals, non-professionals, individuals/proprietorships, partnerships, and limited companies as well as commercial vehicle loans to first-time users, captive customers, fleet owners, and others. The company manages its business in the below segments namely Microfinance, Gold loan, and others. It generates maximum revenue from Gold loans and other segments.
69GF Score
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