# ICFC vs MFIL

[ICFC](https://nepse.link/stocks/ICFC) (ICFC Finance Limited) and [MFIL](https://nepse.link/stocks/MFIL) (Manjushree Finance Ltd.) are two of the most traded Finance stocks on NEPSE. Their numbers side by side, as of 2026-11-06, with results from q1 FY 083/084.

ICFC is ahead of MFIL on 4 of the 6 measures below. None of this is a recommendation; it is what the latest numbers say. MFIL is the bigger company by market value (Rs 919.06 crore), 1.3 times ICFC (Rs 721.92 crore).

## Which is ahead on each measure

- ICFC is cheaper on P/E (25.9 against 96.3 for MFIL).
- ICFC is cheaper on price to book (3.3 against 3.5 for MFIL).
- MFIL has done better over a year (+22.0% against -2.5% for ICFC).
- MFIL declared the bigger latest dividend (20.00% for 082/083).
- ICFC earns more on its equity (ROE 12.82% against 3.65%).
- ICFC grew its net profit faster against the same quarter last year (+210.8% against -48.6% for MFIL).

## ICFC and MFIL side by side

| Measure | ICFC | MFIL |
| --- | --- | --- |
| Last close | Rs 610.00 | Rs 680.00 |
| Change, 1 month | +3.65% | -2.36% |
| Change, 1 year | -2.52% | +21.96% |
| EPS | Rs 23.59 | Rs 7.06 |
| P/E | 25.9 | 96.3 |
| Book value per share | Rs 184.06 | Rs 193.58 |
| Price to book | 3.31 | 3.51 |
| ROE | 12.82% | 3.65% |
| Net profit growth, same quarter last year | +210.8% | -48.6% |
| Latest dividend | 10.53% (082/083) | 20.00% (082/083) |
| Market value | Rs 721.92 crore | Rs 919.06 crore |
| Average daily turnover, 30 days | Rs 0.67 crore | Rs 3.13 crore |

## Do they move together?

Over the last year their daily returns had a correlation of 0.61 (1 means they move in step, 0 means unrelated). That is high: holding both adds little diversification.

## More Finance comparisons

- [BFC vs ICFC](https://nepse.link/stocks/compare/BFC-vs-ICFC)
- [BFC vs MFIL](https://nepse.link/stocks/compare/BFC-vs-MFIL)
- [CFCL vs ICFC](https://nepse.link/stocks/compare/CFCL-vs-ICFC)
- [CFCL vs MFIL](https://nepse.link/stocks/compare/CFCL-vs-MFIL)
- [ICFC vs RLFL](https://nepse.link/stocks/compare/ICFC-vs-RLFL)
- [MFIL vs RLFL](https://nepse.link/stocks/compare/MFIL-vs-RLFL)
- [Every Finance stock](https://nepse.link/stocks/sector/finance)

Data from the Nepal Stock Exchange, refreshed four times a day by [nepse.link](https://nepse.link/about). Prices are adjusted for bonus and right shares. Not investment advice.