Manba Finance Ltd. (MANBA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+459.1%

₹799.67

vs ₹143.04 price

Levered DCF

-₹1,476.04

After debt service

Piotroski score

—

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	11.35×	17.98×	24.52×	46.14×	78.48×
P/B	1.26×	1.84×	0×	0×	0×
P/S	1.64×	2.87×	4.54×	6.12×	8.14×
EV / EBITDA	21.34×	29.31×	0×	0×	0×
Gross margin	32.5%	38.3%	33.0%	36.2%	30.1%
Operating margin	26.8%	30.9%	24.6%	27.2%	26.5%
Net margin	14.5%	16.0%	18.5%	13.3%	10.4%
Current ratio	384.69×	2.19×	0×	0×	0×
Debt / equity	3.8×	2.94×	0×	0×	0×
Interest coverage	0×	68.73×	36.8×	28.36×	128.02×
Dividend yield	1.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	11.1%	0.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	11.1%	10.2%	0.0%	0.0%	0.0%
Return on invested capital	3.1%	3.8%	0.0%	0.0%	0.0%
Return on assets	2.3%	2.6%	0.0%	0.0%	0.0%
Free cash flow yield	-73.7%	-48.0%	0.0%	0.0%	0.0%
Earnings yield	8.8%	5.6%	4.1%	2.2%	1.3%
Enterprise value	₹18.9B	₹16.3B	₹0	₹0	₹0
Net debt / EBITDA	15.54×	17.13×	0×	0×	0×
Cash conversion cycle (days)	-2	-3	0	0	0