Manba Finance Limited
MFL is a Mumbai-based Reserve Bank of India (RBI)-registered NBFC, engaged in 2W financing in Mumbai. MFL commenced operations in 1996 and its business is concentrated in Mumbai and its surrounding regions. It has tie ups with over 600 dealers. At pr...
Key Metrics
EPS
8.27
Current ratio
13.86
Debt/Equity
3.85
Debt/EBITDA
17.89
Interest coverage ratio
-
Operating Cashflow to total debt
-0.18
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Strong experience in 2W financing
Improvement in profitability parameters in the current fiscal
Comfortable capitalisation and gearing levels
Liquidity: Adequate
Cons
Average asset quality
Modest Scale of operations
Geographical and product segment concentration
Moderate resource profile
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About Manba Finance Limited bond.
This comprehensive profile covers key factual information about Manba Finance Limited. MFL is a Mumbai-based Reserve Bank of India (RBI)-registered NBFC, engaged in 2W financing in Mumbai. MFL commenced operations in 1996 and its business is concentrated in Mumbai and its surrounding regions. It has tie ups with over 600 dealers. At present, the operations of the company are spread across Five states – Maharashtra, Gujarat, Rajasthan, Chhattisgarh and Madhya Pradesh with a total of 63 locations. It has acquired the preferred financer tag for Suzuki, Yamaha, TVS, and Hero in its operating regions. The company’s day-to-day operations are headed by Manish Shah, Promoter and Managing Director. MFL is wholly owned by Manish Shah, in his individual capacity, as well as through group companies and relatives. EPS in Mar-2024 was 8.27. Current ratio in Mar-2024 was 13.86. Debt/Equity in Mar-2024 was 3.85. Debt/EBITDA in Mar-2024 was 17.89. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.18. Total revenue for Mar-2025(E) was ₹205.63. Net income for Mar-2025(E) stood at ₹48.22. Total assets as of Mar-2024 were ₹973.76. Operating cash flow for Mar-2024 was ₹-141.14. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), ICICI Bank Limitd (₹N/A Cr), IDFC First Bank Limitd (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Proposed (₹N/A Cr), AU Small Finance Bank Limitd (₹N/A Cr), Capital Small Finance Bank Limitd (₹N/A Cr), Fincare Small Finance Bank Limitd (₹N/A Cr), ICICI Bank Limitd (₹N/A Cr), IDFC First Bank Limitd (₹N/A Cr), Induslnd Bank Limitd (₹N/A Cr), Jana Small Finance Bank Limitd (₹N/A Cr), Proposed (₹N/A Cr), SBM Bank (India) Limitd (₹N/A Cr), State Bank of India (₹N/A Cr), Utkarsh Small Finance Bank Limitd (₹N/A Cr). Peers and comparison entities consist of Manba Finance Limited, Motilal Oswal Financial Services Limitd, Aditya Birla Capital Limitd, Cholamandalam Financial Holdings Limitd. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong experience in 2W financing; Improvement in profitability parameters in the current fiscal; Comfortable capitalisation and gearing levels; Liquidity: Adequate. Key risks include: Average asset quality; Modest Scale of operations; Geographical and product segment concentration; Moderate resource profile. Leadership team details include Manish Kiritkumar Shah (Managing Director), Jay K. Mota (Chief Financial Officer (CFO)), Bhavisha A. Jain (Company Secretary and Compliance Officer), Anshu Shrivastava (Chairman and Independent Director), Monil M. Shah (Executive Director and CBO), Nikita M. Shah (Executive Director), Abhinav Sharma (Independent Director), Neelam Tater (Independent Director), Kirit RatanSHI Shah (Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.