National Laghubitta Bittiya Sanstha Limited

MicrofinanceHigh Cap

NPR 1,120.00

NPR +13.1+1.18%

09:14 AM NPT · May 11, 2026

Est. 2071-03-18 B.S. (NRB license obtained on 2071-02-28; joint operation with Summit Laghubitta from 2080-03-30) · Nilkantha-3, Dhadingbesi, Dhading, Nepal

NMFBS is a national-level microfinance institution in Nepal, licensed as a Class-“D” financial institution under Nepal Rastra Bank (NRB).It began operation on 2 July 2014 after obtaining its NRB license on 11 June 2014.NMFBS aims to provide financial services especially microfinance services to underserved and rural populations, contributing to financial inclusion, livelihood improvement, and rural development.Over time, NMFBS has expanded its scope by absorbing or merging with other microfinance institutions. Notably, in 2023 it merged with Summit Laghubitta Bittiya Sanstha Limited (SMFDB), and from 30 Ashad 2080 B.S., the combined operations are carried out under the name National Laghubitta Bittiya Sanstha Limited. This consolidation has increased its capital base and operational reach. As of the latest publicly available data, its paid-up capital is around NPR 1.33 billion. NMFBS’s services include micro-loans, savings/deposit schemes, and other microfinance products aimed at low-income households, small businesses, and underserved communities. Given its national status and license, NMFBS has a mandate to operate across multiple regions of Nepal, offering financial inclusion beyond urban centers. Because of its role in microfinance and financial inclusion, NMFBS plays a part in supporting rural livelihoods, small-scale entrepreneurship, and community development by offering credit, savings, and financial services to those who might not have easy access to traditional banks.

nationalmicrofinance.com.np/

Trading

Open

1,120.00

High

1,130.00

Low

1,095.00

Prev Close

1,106.90

Volume

18,801

Turnover

Rs 20,750,084.4

Txns

Valuation · Q2 FY25/26

EPS Ann.

48.21

EPS TTM

41.11

BVPS

245.37

P/E Ann.

23.23

P/E TTM

27.24

Graham #

515.91

Capital

Mkt Cap

14.91 Arab

Total

1.33 Crore

Public

39.95 Lakh

Promoter

93.21 Lakh

NEPSE Chart

Technical Analysis

Indicator Signals

MACD

Strong Buy

RSI

Neutral

SuperTrend

Strong Sell

Trend Analysis

Direction

Downtrend

Strength

Strong

Momentum

RSI (14)

47.7

ADX

37.64

Overall Score

Above Line

Technical Score

Moving Averages

SMA 20

1115.75

SMA 50

1149.3

Bands & Channels

BB Width %

7.7%

Volume & Flow

OBV

348,926

Flow Analysis

[ Live 2026-05-11 ]

Total Buy

32,775

Shares Bought

Total Sell

32,775

Shares Sold

Net Flow

Net Accumulation

Active Brokers

Participating

ACCUM/DIST

Accumulation 26%

Distribution 74%

Accumulators

Quantity

8,875

Amount

9,744,073

Avg Rate

1097.92

Rank

Brokers

#48#44#28

Distributors

Quantity

25,002

Amount

27,448,918

Avg Rate

1097.87

Rank

Brokers

#49#41#38

Net Flow Impact:

-16,127units

(Rs. -17,704,845)

Net Flow by Timeframe

NMFBS — Broker Breakdown (7D)

15 Buyers15 Sellers

[ Vol: 49,173 ]

Buy Side

Total: 18,403

Broker

QTY

AVG

NET

3,495

1109.47

+2,662

10.7%

2,950

1090.37

+2,950

9.0%

2,430

1090.48

+2,419

7.4%

2,086

1121.69

+2,076

6.4%

1,806

1105.17

+1,790

5.5%

1,644

1089.37

+1,483

5.0%

862

1109.90

+811

2.6%

815

1112.58

+815

2.5%

416

1107.54

+416

1.3%

392

1098.69

+392

1.2%

377

1097.25

+360

1.1%

346

1091.11

+157

1.1%

304

1091.45

+286

0.9%

253

1094.58

+180

0.8%

227

1093.99

+206

0.7%

Sell Side

Total: 30,770

Broker

QTY

AVG

NET

21,628

1098.71

-11,362

66.0%

1,952

1090.14

-1,933

6.0%

1,492

1097.01

-662

4.5%

1,422

1095.68

-1,131

4.3%

1,078

1115.58

-81

3.3%

1,000

1088.54

-1,000

3.0%

750

1098.67

-402

2.3%

334

1099.99

-199

1.0%

274

1100.36

-214

0.8%

194

1091.36

-184

0.6%

191

1119.41

-119

0.6%

170

1112.32

-170

0.5%

100

1090.54

-1

0.3%

100

1100.00

-100

0.3%

1130.00

-85

0.3%

Financial Fundamentals

Financial Metric	FY25/26 Q2	FY24/25 Q2	FY23/24 Q2	FY22/23 Q2	Growth %
Capital & Liabilities
Paid Up Capital	1,521,363,000	1,331,609,000	1,084,206,000	586,675,000	+14.25%
Reserves and Surplus	2,211,583,000	1,593,527,000	1,668,325,000	952,908,000	+38.79%
Debentures and Bonds	0.00	0.00	0.00	0.00	-
Borrowings	18,459,086,000	16,424,109,000	11,491,967,000	6,449,060,000	+12.39%
Deposits	7,061,183,000	6,034,152,000	5,240,714,000	3,246,342,000	+17.02%
Income Tax Liabilities	6,096,000	0	1,351,000	69,282,000	-
Other Liabilities	1,547,517,000	553,667,000	783,224,000	723,276,000	+179.50%
Total Capital & Liabilities	30,806,828,000	25,937,064,000	20,269,787,000	12,027,543,000	+18.78%
Assets
Cash and Bank Balance	4,567,308,000	3,334,027,000	1,503,755,000	572,710,000	+36.99%
Money at Call & Short Notice	0.00	0.00	0.00	0.00	-
Investments	3,025,000	3,389,000	2,510,000	1,602,000	-10.74%
Loan and Advances	25,748,321,000	22,097,005,000	18,365,978,000	11,254,397,000	+16.52%
Fixed Assets	283,847,000	299,110,000	293,339,000	35,328,000	-5.10%
Non Banking Assets	0.00	0.00	0.00	0.00	-
Other Assets	204,327,000	203,533,000	104,205,000	163,506,000	+0.39%
Total Assets	30,806,828,000	25,937,064,000	20,269,787,000	12,027,543,000	+18.78%

Sector Peers — Microfinance (30)

Peer Comparison

Microfinance SECTOR — NEPAL

2025/2026 Q2

NPR/Millions

Statement

Highlight

TICKER	Market				Key Ratios
	Price	Chg	Chg%	Mkt Cap (M)	Asset Turnover	BVPS	C/D Ratio%	EPS (Annu.)	EPS (TTM)	Graham's No.	Int. Rate Spread%	NIM%	NPL%	NPM%	P/B	P/E (Annu.)	PEG	P/E (Latest)	P/E (TTM)	P/S	ROA (Annu.)%	ROA (TTM)%	ROE (Annu.)%	ROE (TTM)%
ACLBSL	959.5	+9.5	+1%	0	0.13	169.98	213.9%	32.57	33.11	355.85	8.27%	7.44%	5.2%	14.84%	11.3	29.47	0.38	31.23	30.72	17.51	1.98%	2.01%	21%	21.36%
ADLB	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
AKBSL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ALBSL	1,118.7	+8.66	+0.78%	0.01	0.13	158.08	6.57%	31.29	38.77	371.35	8.4%	7.16%	10.15%	17.5%	14.95	37.78	0.09	35.6	28.73	26.45	2.24%	2.79%	21.34%	26.44%
ANLB	6,460	+410.18	+6.78%	0.01	0.12	428.75	0%	77.9	85.26	906.91	0%	-	11.81%	27.93%	28.45	78.31	0.31	80.87	73.89	87.5	3.32%	3.65%	20.24%	22.16%
AVYAN	1,149	+26.05	+2.32%	0	0.03	149.39	109.7%	61.89	55.85	433.27	8.34%	8.86%	4.15%	29.02%	12.66	15.29	0.01	15.51	17.19	17.75	0.9%	0.81%	47.92%	43.25%
BPW	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CBBL	929.9	+6.92	+0.75%	-	0.13	233.66	94.92%	31.85	35.31	430.86	5.51%	6.96%	2.45%	17.74%	7.89	28.95	963	28.89	26.05	20.54	2.22%	2.46%	14.32%	15.87%
CYCL	1,500	+29.99	+2.04%	0	0.12	268.72	111.75%	27.99	41.89	503.26	7.91%	6.38%	18.48%	9.02%	11.24	53.96	0	55.09	36.81	19.47	1.06%	1.61%	10.74%	16.09%
DDBL	863	+15.01	+1.77%	0.02	0.14	221.13	115.62%	47.41	47.55	486.4	7.83%	8.32%	8.43%	24.37%	7.42	17.3	0.27	17.51	17.46	16.87	3.36%	3.37%	23.26%	23.33%
DLBS	1,235	-65	-5%	-	0.12	179.13	94.98%	18.38	19.05	277.09	7.67%	7.44%	9.83%	7.8%	14.52	70.73	0.15	71.27	68.77	22.09	0.94%	0.98%	10.82%	11.23%
FMDBL	847.8	-71.22	-7.75%	-	0.06	128.31	114.74%	10.47	11.14	179.33	1.42%	4.14%	4.52%	35.1%	12.39	75.93	2.15	74.4	69.93	106.64	2.12%	2.27%	8.24%	8.78%
FOWAD	1,065	-33.05	-3.01%	-	0.13	234.69	112.57%	31.98	20.71	330.7	7.31%	7.3%	8.92%	13.3%	9.12	33.46	0.02	32.86	50.75	17.8	1.7%	1.1%	13.14%	8.51%
GBLBS	783	0	0%	-	0.14	278.07	26.68%	43.75	34.76	466.35	8.84%	9.62%	4.76%	20.85%	5.57	17.69	1.06	17.21	21.66	14.76	2.94%	2.34%	15.96%	12.68%
GGBSL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
GILB	1,116.1	-1.9	-0.17%	0.01	0.15	197.29	282.59%	32.67	34.47	391.17	8.43%	9.46%	8.96%	13.69%	11.67	35.23	0	33.76	32	19.3	2.02%	2.14%	16.8%	17.73%
GLBSL	1,844.7	+24.75	+1.36%	0	0.14	159.33	393.94%	40.22	38.34	370.74	8.44%	8.32%	3.13%	17.81%	24.15	47.84	0.9	41.57	0	34.09	2.5%	2.38%	28.82%	27.47%
GMFBS	1,337	+14.94	+1.13%	0	0.14	185.26	107.54%	-4.71	17.54	270.39	8.32%	8.86%	14.37%	-2.06%	16.14	-317.41	0	-309.55	83.12	26.18	-0.28%	1.07%	-2.96%	11.05%
HLBSL	907	+7.2	+0.8%	0	0.11	167.35	95.52%	26.24	32.38	349.17	8.6%	7.9%	8.58%	13.2%	10.68	34.05	0.57	34.49	27.95	17.99	1.48%	1.82%	16.98%	20.97%
ILBS	949.9	+4.91	+0.52%	0	0.13	136.88	119.88%	24.07	49.91	392.06	8.31%	7.38%	17.85%	15.51%	14.52	41.3	0.24	39.05	18.83	25.63	2%	4.16%	18.84%	39.06%
JALPA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
JBLB	1,320	+11	+0.84%	0.02	0.13	277.15	124.79%	50.65	60.15	612.44	5.85%	7.32%	5.98%	19.57%	9.54	26.1	0.39	25.94	21.84	20.44	2.56%	3.05%	20.08%	23.85%
JSLBB	1,120	+0.11	+0.01%	0	0.11	170.87	107.57%	11.8	19.17	271.48	7.6%	6.12%	9.15%	7.55%	13.55	98.14	0.42	95.25	58.63	29.66	0.86%	1.4%	7.44%	12.11%
KLBS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
KLBSL	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
KMCDB	922	+42.98	+4.89%	-	0.14	164.7	112.75%	26.09	27.74	320.62	8.67%	8.82%	11.42%	16.43%	11.48	36.22	1.33	34.92	32.84	23.81	2.3%	2.45%	16.28%	17.31%
LLBS	951	-13.01	-1.35%	0	0.12	187.67	107.03%	15.31	8.11	185.05	6.19%	7.64%	13.04%	8.25%	9.88	60.55	0.66	60.42	114.06	19.99	0.98%	0.52%	8.78%	4.65%
MATRI	919.5	+19.53	+2.17%	0.01	0.1	119.9	102.58%	11.25	9.36	158.91	7.28%	4.96%	10.48%	5.5%	16.35	87.11	0.6	85.78	103.1	19.18	0.54%	0.45%	7%	5.84%
MERO	735	+10	+1.38%	0.01	0.12	155.78	110.81%	13.88	16.56	240.92	8.6%	7.38%	19.54%	10.28%	9.53	53.46	3.4	51.59	43.24	21.99	1.24%	1.48%	9.08%	10.84%
MKLB	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

AVG	1,319.69	20.8	0.51%	0.01	0.12	198.73	121.2%	30.13	33.51	377.47	7.17%	7.51%	9.6%	15.6%	12.864	30.066	44.361	29.712	44.435	28.438	1.77%	2.01%	16.1%	18.21%
MED	1,012.25	9.08	0.82%	0	0.13	175	110.26%	29.64	33.79	363.3	8.09%	7.44%	9.06%	15.18%	11.575	37	0.385	35.26	32.42	20.49	1.99%	2.08%	16.12%	16.7%
MAX	6,460	410.18	6.78%	0.02	0.15	428.75	393.94%	77.9	85.26	906.91	8.84%	9.62%	19.54%	35.1%	28.45	98.14	963	95.25	114.06	106.64	3.36%	4.16%	47.92%	43.25%
MIN	735	-71.22	-7.75%	0	0.03	119.9	0%	-4.71	8.11	158.91	0%	4.14%	2.45%	-2.06%	5.57	-317.41	0	-309.55	0	14.76	-0.28%	0.45%	-2.96%	4.65%