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Last Updated: April 2, 2026, 4:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 511359 | NSE: ADMANUM

AD Manum Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹45.49Fairly Valued by 9.74%vs CMP ₹50.40

P/E (4.2) × ROE (11.4%) × BV (₹117.00) × DY (2.00%)

₹117.67Undervalued by 133.47%vs CMP ₹50.40
MoS: +57.2% (Strong)Confidence: 59/100 (Moderate)Models: 7 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹59.1825%Under (+17.4%)
Graham NumberEarnings₹178.2518%Under (+253.7%)
Earnings PowerEarnings₹82.8112%Under (+64.3%)
DCFCash Flow₹296.0512%Under (+487.4%)
Net Asset ValueAssets₹116.718%Under (+131.6%)
EV/EBITDAEnterprise₹0.5310%Over (-98.9%)
Earnings YieldEarnings₹120.708%Under (+139.5%)
ROCE CapitalReturns₹93.178%Under (+84.9%)
Consensus (8 models)₹117.67100%Undervalued
Key Drivers: EPS CAGR 30.1% lifts DCF — verify sustainability. | Wide model spread (₹1–₹296) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 30.1%

*Investments are subject to market risks

Investment Snapshot

61
AD Manum Finance Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 14.7% GoodROE 11.4% AverageD/E 0.21 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 74.3% Stable
Earnings Quality60/100 · Moderate
Working capital: 52 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Profit (4Q): -16% YoY Declining
Industry Rank75/100 · Strong
P/E 4.2 vs industry 101.6 Cheaper than peersROCE 14.7% vs industry 15.8% AverageROE 11.4% vs industry 8.8% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:00 am

Market Cap 37.8 Cr.
Current Price 50.4
Intrinsic Value₹117.67
High / Low 89.0/42.2
Stock P/E4.18
Book Value 117
Dividend Yield0.00 %
ROCE14.7 %
ROE11.4 %
Face Value 10.0
PEG Ratio0.14

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for AD Manum Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
AD Manum Finance Ltd 37.8 Cr. 50.4 89.0/42.24.18 1170.00 %14.7 %11.4 % 10.0
Econo Trade India Ltd 12.4 Cr. 6.65 11.0/5.994.85 25.20.00 %7.71 %5.05 % 10.0
Morgan Ventures Ltd 39.8 Cr. 40.2 127/35.04.88 97.30.00 %18.3 %32.0 % 10.0
Brilliant Portfolios Ltd 2.75 Cr. 8.88 8.88/7.324.91 30.80.00 %9.18 %6.10 % 10.0
Adcon Capital Services Ltd 8.53 Cr. 0.43 1.05/0.406.18 1.750.00 %8.30 %6.58 % 1.00
Industry Average22,241.21 Cr369.74101.56513.160.26%15.81%8.84%8.50

All Competitor Stocks of AD Manum Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue3.810.841.812.262.284.682.803.663.553.293.192.593.38
Interest 0.410.190.270.440.420.300.190.470.360.180.180.180.19
Expenses 0.440.230.440.15-0.230.910.220.410.250.480.280.191.65
Financing Profit2.960.421.101.672.093.472.392.782.942.632.732.221.54
Financing Margin %77.69%50.00%60.77%73.89%91.67%74.15%85.36%75.96%82.82%79.94%85.58%85.71%45.56%
Other Income 0.370.000.000.020.181.670.000.520.230.012.390.090.36
Depreciation 0.040.010.010.010.010.020.010.010.010.020.010.01-0.01
Profit before tax 3.290.411.091.682.265.122.383.293.162.625.112.301.91
Tax % 14.89%34.15%24.77%19.05%36.28%20.31%25.21%20.36%25.32%17.56%14.29%47.83%31.94%
Net Profit 2.790.270.821.361.444.091.772.612.362.164.381.201.31
EPS in Rs 3.720.361.091.811.925.452.363.483.152.885.841.601.75
Gross NPA %
Net NPA %

Last Updated: February 3, 2026, 10:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 2:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue25.4118.1013.7913.6114.859.979.939.418.839.1911.1513.6212.45
Interest 8.617.075.784.774.142.252.281.301.011.121.421.190.73
Expenses 7.509.007.577.488.943.771.804.015.761.971.281.362.60
Financing Profit9.302.030.441.361.773.955.854.102.066.108.4511.079.12
Financing Margin %36.60%11.22%3.19%9.99%11.92%39.62%58.91%43.57%23.33%66.38%75.78%81.28%73.25%
Other Income -0.91-0.250.370.170.23-4.05-3.50-0.370.090.691.750.432.85
Depreciation 1.210.380.400.360.350.260.190.180.160.140.050.050.03
Profit before tax 7.181.400.411.171.65-0.362.163.551.996.6510.1511.4511.94
Tax % 28.83%30.71%36.59%25.64%6.67%36.11%14.81%23.10%-22.11%24.66%24.14%22.18%
Net Profit 5.100.970.250.861.55-0.501.842.732.435.027.708.909.05
EPS in Rs 6.801.290.331.152.07-0.672.453.643.246.6910.2711.8712.07
Dividend Payout % 14.71%77.32%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-80.98%-74.23%244.00%80.23%-132.26%468.00%48.37%-10.99%106.58%53.39%15.58%
Change in YoY Net Profit Growth (%)0.00%6.75%318.23%-163.77%-212.49%600.26%-419.63%-59.36%117.57%-53.20%-37.80%

AD Manum Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:6%
3 Years:15%
TTM:14%
Compounded Profit Growth
10 Years:23%
5 Years:14%
3 Years:55%
TTM:26%
Stock Price CAGR
10 Years:11%
5 Years:33%
3 Years:19%
1 Year:-16%
Return on Equity
10 Years:6%
5 Years:9%
3 Years:11%
Last Year:12%

Last Updated: September 5, 2025, 2:06 pm

Balance Sheet

Last Updated: February 1, 2026, 2:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7.507.507.507.507.507.507.507.507.507.507.507.507.50
Reserves 36.8836.9537.2138.0739.6240.1441.9046.8349.1654.6163.3672.5280.03
Borrowing63.3748.8338.5232.3422.9324.3148.0311.548.547.197.507.617.67
Other Liabilities 1.641.400.480.660.431.020.961.410.490.360.930.631.55
Total Liabilities 109.3994.6883.7178.5770.4872.9798.3967.2865.6969.6679.2988.2696.75
Fixed Assets 3.953.833.513.242.902.512.322.051.890.400.360.240.22
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.460.670.670.740.811.881.804.263.443.965.465.7433.30
Other Assets 104.9890.1879.5374.5966.7768.5894.2760.9760.3665.3073.4782.2863.23
Total Assets 109.3994.6883.7178.5770.4872.9798.3967.2865.6969.6679.2988.2696.75

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 16.5920.910.200.13-0.28-1.05-24.4945.88-2.38-1.811.420.50
Cash from Investing Activity + -0.17-0.41-0.06-0.080.000.140.060.070.851.640.010.51
Cash from Financing Activity + -25.25-21.300.000.000.001.3823.71-37.70-4.01-2.47-1.10-1.08
Net Cash Flow -8.83-0.790.140.05-0.280.48-0.728.25-5.54-2.650.33-0.07
Free Cash Flow 16.4220.640.120.04-0.29-0.92-24.4745.93-2.34-0.191.410.98
CFO/OP 46%239%2%7%-3%-15%-297%865%-60%-6%35%26%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-55.87-39.83-30.95-24.86-13.99-20.54-46.23-7.53-2.78-5.22-6.22-6.25

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1,4801,7942,0561,9481,5882,236373230766541
Inventory Days
Days Payable
Cash Conversion Cycle 1,4801,7942,0561,9481,5882,236373230766541
Working Capital Days 6919651,2681,2751,0992,45514713815314210152
ROCE %15%9%7%7%8%9%9%6%4%11%16%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 70.45%70.45%70.45%74.44%74.44%74.30%74.30%74.30%74.30%74.30%74.30%74.30%
Public 29.55%29.55%29.55%25.55%25.55%25.71%25.71%25.70%25.70%25.70%25.70%25.69%
No. of Shareholders 1,1821,1781,2051,4371,8171,7992,1212,3942,5232,4832,6122,614

Shareholding Pattern Chart

No. of Shareholders

AD Manum Finance Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 11.8710.276.693.243.64
Diluted EPS (Rs.) 11.8710.276.693.243.64
Cash EPS (Rs.) 11.9410.346.873.463.88
Book Value[Excl.RevalReserv]/Share (Rs.) 106.6994.4882.8175.5572.44
Book Value[Incl.RevalReserv]/Share (Rs.) 106.6994.4882.8175.5572.44
Revenue From Operations / Share (Rs.) 17.7314.7112.2011.2712.38
PBDIT / Share (Rs.) 16.9215.5010.554.227.29
PBIT / Share (Rs.) 16.8515.4310.374.007.06
PBT / Share (Rs.) 15.2613.538.882.654.74
Net Profit / Share (Rs.) 11.8710.276.693.243.64
PBDIT Margin (%) 95.43105.3986.4737.4658.91
PBIT Margin (%) 95.02104.9184.9935.5256.98
PBT Margin (%) 86.0492.0372.7523.5238.24
Net Profit Margin (%) 66.9469.8254.8428.7629.36
Return on Networth / Equity (%) 11.1210.868.084.295.02
Return on Capital Employeed (%) 15.6916.1812.515.289.58
Return On Assets (%) 10.089.717.203.704.05
Total Debt / Equity (X) 0.090.100.110.150.21
Asset Turnover Ratio (%) 0.150.140.130.120.11
Current Ratio (X) 11.349.928.956.865.12
Quick Ratio (X) 11.349.928.956.865.12
Interest Coverage Ratio (X) 10.638.187.073.124.20
Interest Coverage Ratio (Post Tax) (X) 8.466.425.483.403.43
Enterprise Value (Cr.) 52.2148.1843.8233.7315.28
EV / Net Operating Revenue (X) 3.934.374.793.991.64
EV / EBITDA (X) 4.114.145.5410.652.79
MarketCap / Net Operating Revenue (X) 3.393.744.033.321.31
Price / BV (X) 0.560.580.590.490.22
Price / Net Operating Revenue (X) 3.393.744.033.321.31
EarningsYield 0.190.180.130.080.22

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ad-Manum Finance Ltd. is a Public Limited Listed company incorporated on 06/05/1986 and has its registered office in the State of Madhya Pradesh, India. Company's Corporate Identification Number(CIN) is L52520MP1986PLC003405 and registration number is 003405. Currently company belongs to the Industry of Non-Banking Financial Company (NBFC). Company's Total Operating Revenue is Rs. 13.30 Cr. and Equity Capital is Rs. 7.50 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)'Agarwal House', Indore Madhya Pradesh 452003Contact not found
Management
NamePosition Held
Mr. Dharmendra AgrawalWholeTime Director & CEO
Mr. Sanjeev SharmaWhole Time Director
Mr. Dhawal BagmarIndependent Director
Mr. Pradhumn PathakIndependent Director
Ms. Apoorva JainIndependent Woman Director

FAQ

What is the intrinsic value of AD Manum Finance Ltd and is it undervalued?

As of 12 April 2026, AD Manum Finance Ltd's intrinsic value is ₹117.67, which is 133.47% higher than the current market price of ₹50.40, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.4 %), book value (₹117), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of AD Manum Finance Ltd?

AD Manum Finance Ltd is trading at ₹50.40 as of 12 April 2026, with a FY2026-2027 high of ₹89.0 and low of ₹42.2. The stock is currently near its 52-week low. Market cap stands at ₹37.8 Cr..

How does AD Manum Finance Ltd's P/E ratio compare to its industry?

AD Manum Finance Ltd has a P/E ratio of 4.18, which is below the industry average of 101.56. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is AD Manum Finance Ltd financially healthy?

Key indicators for AD Manum Finance Ltd: ROCE of 14.7 % is moderate. Dividend yield is 0.00 %.

Is AD Manum Finance Ltd profitable and how is the profit trend?

AD Manum Finance Ltd reported a net profit of ₹9 Cr in Mar 2025 on revenue of ₹14 Cr. Compared to ₹2 Cr in Mar 2022, the net profit shows an improving trend.

Does AD Manum Finance Ltd pay dividends?

AD Manum Finance Ltd has a dividend yield of 0.00 % at the current price of ₹50.40. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in AD Manum Finance Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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