Ad-Manum Finance (BSE: ADMANUM) had a P/E of 3.7× on 6 Nov 2026, and the shares are 23% below their 52-week high. Net profit grew 29% a year over 3 years; its ROE of 11% is the lowest among the 7 largest Credit Services peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 0.41× book value. It is a small-cap company with a market cap of ₹39 Cr, ranked 119th of 193 Credit Services companies by market cap; the shares fell 19% over the past year.
- ₹52.95
- ₹53.00
- ₹51.03
- ₹52.95
- 670
Health check
- ReturnsBehind
−18.7% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/B 0.41 vs peer median 2.62.
- GrowthStrong
Profit +28.6% a year over 3 years.
- ProfitabilityWeak
ROE 11.4% vs peer median 18.7%.
- Balance sheetSolid
Return on assets 10.07%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹39 Cr
- Small cap
- P/E
- 3.7
- Industry 15.5
- Price to book
- 0.41
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- 11.4%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹14.07
- OPM (TTM)
- 79.5%
- Net margin 61.4%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +136.6%
- Latest quarter vs a year ago
- Price to sales
- 2.29
Strengths and risks
Strengths
- Quarterly profit up 136.6% on a year ago.
About Ad-Manum Finance
Ad-Manum Finance Limited provides non-banking financial services and engages in wind power generation in India. It operates through two segments: NBFC Activity and Power Generation business (Windmill). The NBFC Activity segment offers lending services. The Power Generation segment is involved in the generation of electricity through windmills. The company was formerly known as Agarwal Warehousing & Leasing Limited and changed its name to Ad-Manum Finance…
- Headquarters
- Indore
- Employees
- 8
- Sector
- Financial Services
- ISIN
- INE556D01017
- Website
- admanumfinance.com
Price range
- Avg volume (3M)
- 2.1K
- 1-year return
- minus 18.7%
- From 52-week high
- minus 22.6%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.80% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.05% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.99% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.74% | minus 34.4% |
| ADMANUMAd-Manum Finance | 52.47 | minus 0.91% | 39 | 3.7 | 0.41 | 11.4% | 10.1% | 28.6% | 0.00% | minus 18.7% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.05% | 0.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 2.6 | 3.4 | 4.5 | 4.6 | 4.9 | |
| 0.4 | 1.8 | −0.1 | 1 | 0.8 | |
| 2.2 | 1.5 | 4.6 | 3.7 | 4.1 | |
| 85.5% | 45.4% | 101.2% | 78.9% | 83.4% | |
| 0.1 | 0.4 | 0.3 | 0.6 | 0 | |
| 0 | −0 | 0 | 0 | 0 | |
| – | – | – | −1.2 | – | |
| 2.3 | 1.9 | 4.8 | 3.1 | 4.1 | |
| 47.8% | 31.4% | 21.7% | 13.8% | 31.7% | |
| 1.2 | 1.3 | 3.8 | 2.6 | 2.8 | |
| 1.60 | 1.75 | 5.04 | 3.51 | 3.78 |
Profit & loss
- Profit CAGR 3Y
- +28.6%
- EPS CAGR 3Y
- +28.6%
- ROE
- 11.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.2 | 11 | 13.3 | 13.2 | |
| – | +20.5% | +20.6% | minus 0.5% | |
| 3.1 | 1.7 | 2.6 | 2.6 | |
| 6.1 | 9.3 | 10.7 | 10.6 | |
| 66.4% | 84.8% | 80.8% | 80.2% | |
| 0.5 | 0.9 | 0.3 | 2.5 | |
| 0.1 | 0.1 | 0.1 | 0 | |
| 0.3 | 0 | 0.4 | 1.1 | |
| 6.7 | 10.2 | 11.4 | 14.1 | |
| 24.6% | 24.1% | 22.2% | 24.6% | |
| 5 | 7.7 | 8.9 | 10.7 | |
| – | +53.4% | +15.6% | +19.8% | |
| 6.69 | 10.27 | 11.87 | 14.22 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.5 | 7.5 | 7.5 | 7.5 | |
| 54.6 | 63.4 | 72.5 | 83.8 | |
| 7.2 | 7.5 | 7.6 | 24 | |
| 0.4 | 0.9 | 0.6 | 1.2 | |
| 69.7 | 79.3 | 88.3 | 117 | |
| 0.4 | 0.4 | 0.2 | 0.2 | |
| 0 | 0 | 0 | 0 | |
| 4.2 | 6 | 6.2 | 14.4 | |
| 65.1 | 72.9 | 81.8 | 102 | |
| 69.7 | 79.3 | 88.3 | 117 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.8 | 1.4 | 0.5 | 7.1 | |
| 1.6 | 0 | 0.5 | −4.7 | |
| −2.5 | −1.1 | −1.1 | – | |
| −2.6 | 0.3 | −0.1 | 2.4 | |
| −0 | −0 | −0 | −0 | |
| −1.8 | 1.4 | 0.5 | 7.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.