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Manappuram Finance Limited — Bonds & AA (CRISIL) Rating

NBFC · Financial Services

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Methodology v1.0 Download Report (PDF) Watch
Agency Rating
AA (CRISIL)
Most common current rating on senior bonds
10 of 10 rated · CRISIL, 31 Aug 2026
Total Debt Outstanding
₹7,302 Cr
Across 11 instruments
Active Bonds
11
First Issue
9 Jul 2020
Latest Issue
17 Aug 2026
Maturity Range
2027 - 2036
Observation
11 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AA, CARE AA
  • Rating range All current ratings are AA (CARE 29 Sep 2026, CRISIL 31 Aug 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 29 Sep 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 5 of 11 active bonds had an exchange trade
  • Exchange filings, 90 days 20 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Manappuram Finance Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Financial Services
Issuer Type
NBFC
First Tracked Bond
9 Jul 2020
Start of this issuer's debt program timeline
  • 11 active bonds tracked from this issuer.
  • 8 of 11 tracked bonds with a stated security status are secured. (based on 11 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 1 Sep 2026.

Operating in the Financial Services sector, Manappuram Finance Limited is classified as an NBFC. Bond coupons here span 8.00% - 9.50%, paid annually. The maturity ladder spans 2027 - 2036.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
11
Tracked by RetailBonds
Amount Tracked
₹7,302 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.79%
Range 8.00% - 9.50%
Avg Remaining Tenure
4.1 Yrs
Nearest maturity Dec 2027
Secured
72%
8 of 11 bonds with known status
Callable
1
Of 11 bonds
Avg Spread vs G-Sec
+190 bps
Credit premium, from 5 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (3 bonds).

0 2027: 2 bonds, ₹1,500 Cr tracked, avg coupon 8.07% 2 bonds 2027 2028: 3 bonds, ₹2,550 Cr tracked, avg coupon 8.59% 3 bonds 2028 2030: 1 bond, ₹127 Cr tracked, avg coupon 9.50% 1 bond 2030 2032: 1 bond, ₹400 Cr tracked, avg coupon 9.05% 1 bond 2032 2033: 2 bonds, ₹2,100 Cr tracked, avg coupon 9.23% 2 bonds 2033 2034: 1 bond, ₹25 Cr tracked, avg coupon 8.60% 1 bond 2034 2036: 1 bond, ₹600 Cr tracked, avg coupon 9.10% 1 bond 2036

Security Type / Instrument Mix

  • NCD 11 bonds · 100% · ₹7,302 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2020: ₹127 Cr issued 2020 2021: ₹600 Cr issued 2021 2023: ₹1,100 Cr issued 2023 2024: ₹25 Cr issued 2024 2025: ₹1,500 Cr issued 2025 2026: ₹3,950 Cr issued 2026 Cumulative: ₹127 Cr Cumulative: ₹727 Cr Cumulative: ₹1,827 Cr Cumulative: ₹1,852 Cr Cumulative: ₹3,352 Cr Cumulative: ₹7,302 Cr

Based on 11 of 11 active bonds with a known issue date and issue size.

Financial Snapshot

FY26
Revenue from Operations
₹7,642.72 Cr
 
Net Profit / Loss
₹1,524.65 Cr
 
Profit Before Tax
₹2,039.22 Cr
 

As filed under SEBI LODR Reg 52(4) / Integrated Filing, filed 22 Jul 2026. Figures are reported facts, not a rating or recommendation.

03 Credit Profile
  • AA 11 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AA Stable 6
CARE AA Stable 5
CRISIL AA — 3
CARE AA NSDL record — 1

Rating History (Trend)

AAA AA A BBB Below BBB Unrated CRISIL: AA on 2026-06-16 CRISIL: AA on 2026-07-31
Jun 26 — Jul 26 CRISIL

Recent Rating Actions

1 Sep 2026 · CRISIL
—
Update
31 Jul 2026 · CRISIL
AA
Initial · Stable
16 Jun 2026 · CRISIL
AA
Reaffirmed · Stable
NCD Public Issues
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE522D07CI5 Manappuram Finance 8.00% Dec 2027 NCD 8.00% AA (CRISIL) 2027-12-15 8.90% 2026-11-06
INE522D07CJ3 Manappuram Finance 8.15% Dec 2027 NCD 8.15% AA (CRISIL) 2027-12-30 9.00% 2026-10-23
INE522D07BX6 Manappuram Finance 8.57% Jan 2028 NCD 8.57% AA (CRISIL) 2028-01-28 — —
INE522D07CK1 Manappuram Finance 8.60% Mar 2028 NCD 8.60% AA (CRISIL) 2028-03-24 — 2026-09-09
INE522D07CL9 Manappuram Finance 8.60% Mar 2028 NCD 8.60% AA (CRISIL) 2028-03-27 8.80% 2026-10-09
INE522D07BN7 Manappuram Finance 9.50% Jul 2030 NCD 9.50% AA (CARE) 2030-07-09 — —
INE522D08030 Manappuram Finance 9.05% Aug 2032 NCD 9.05% AA (CRISIL) 2032-08-17 8.85% 2026-10-30
INE522D07CC8 Manappuram Finance 9.22% Mar 2033 NCD 9.22% AA (CARE) 2033-03-13 — —
INE522D08014 Manappuram Finance 9.25% Apr 2033 NCD 9.25% AA (CARE, NSDL record 2026) 2033-04-07 — —
INE522D07CG9 Manappuram Finance 8.60% Mar 2034 NCD 8.60% AA (CARE) 2034-03-28 — —
INE522D08022 Manappuram Finance 9.10% Aug 2036 NCD 9.10% AA (CRISIL) 2036-08-14 9.25% 2026-11-06
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
19
Avg. Yield (Last 30 Days)
9.04%
06 Regulatory Filings
BSE Corporate Announcements
Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026 7 Oct 2026
Please find attached 24 Sep 2026
Please find the attached 15 Sep 2026
Newspaper Advertisement of Notice of Transfer of shares of MAFIL, in respect of which dividend has not been claimed for seven consecutive years or more to the IEPF. 4 Sep 2026
Please find attached 17 Aug 2026
Please find attached the transcript of Q1 FY 2026-27 results conference call held on August 11, 2026. 17 Aug 2026
Please find attached the Scrutinizers report of Annual General Meeting held on August 12, 2026. 13 Aug 2026
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 15 2026-09-29
Rating Actions History 3 2026-09-01
Secondary-Market Trades 42 2026-11-06
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Manappuram Finance Limited have?

Manappuram Finance Limited currently has 11 active bonds with coupons of 8.00% - 9.50%, maturities spanning 2027 - 2036.

What is Manappuram Finance Limited's credit rating?

The most common current rating on Manappuram Finance Limited's senior bonds is AA (CRISIL). Ratings on file come from CARE, CRISIL.

Are Manappuram Finance Limited's bonds secured?

Of the 11 bonds with a disclosed security status, 8 are secured (72%) and 3 are unsecured.

When do Manappuram Finance Limited's bonds mature?

Manappuram Finance Limited's active bonds mature between 2027 - 2036; the nearest matures in Dec 2027; the average tenure is 4.1 Yrs.

What is the average coupon on Manappuram Finance Limited's bonds?

The average coupon across Manappuram Finance Limited's 11 active bonds is 8.79%.

Disclaimer: This page aggregates publicly available data about Manappuram Finance Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.