Compare · Microfinance

FMDBL vs FOWAD

First Micro Finance Laghubitta Bittiya Sanstha and Forward Microfinance Laghubitta Bittiya Sanstha, side by side: what Rs 100 became, the figures NEPSE publishes, dividends and each against its sector.

Close · 16 Oct 2026NEPSE published data, may be delayed

First company

First Micro Finance Laghubitta Bittiya Sanstha Limited

CloseRs 722.00−0.14%

MicrofinanceStock page

Second company

Forward Microfinance Laghubitta Bittiya Sanstha Limited

CloseRs 903.00+1.46%

MicrofinanceStock page

Rs 100 became…

FMDBLRs 100 becameRs 94.38−5.62% down in 1 year
FOWADRs 100 becameRs 83.61−16.39% down in 1 year

Move along the chart, or focus it and use the arrow keys, to read any session.

Rs 100 in each on the first session of the period, adjusted for bonus shares. Cash dividends are not added back. To the close of 16 Oct 2026.

In plain words

On 16 Oct 2026, FMDBL (First Micro Finance Laghubitta Bittiya Sanstha Limited) closed at Rs 722.00 and FOWAD (Forward Microfinance Laghubitta Bittiya Sanstha Limited) at Rs 903.00. Over the past year, Rs 100 in FMDBL became Rs 94 (−5.62%) and in FOWAD Rs 84 (−16.39%), adjusted for bonus shares.

FOWAD is the larger company by market value, Rs 1,080 crore against Rs 971 crore. Of the 49 microfinance Punji covers, FMDBL is 9th by market value and FOWAD 8th. Cash dividends with a book closure in the last 12 months yield 0.90% on FMDBL and nothing on FOWAD at the latest close.

Side by side

marks the higher figure. Higher is not better or worse by itself.

FMDBL and FOWAD side by side. A dot marks the higher of two figures; nothing is marked better.
Price and returns
	FMDBLMicrofinance	FOWADMicrofinance
Close, Rs	722.00	903.00
Change, as NEPSE published	−0.14% down	+1.46% up
Rs 100 became, 1 year	Rs 94.38, the higher figure	Rs 83.61
Return, 1 month	−2.17% down	+0.89% up, the higher figure
Return, 1 year	−5.62% down, the higher figure	−16.39% down
52-week range
Size and shares
Market value	Rs 971 cr	Rs 1,080 cr, the higher figure
Listed shares	1.34 crore, the higher figure	1.20 crore
Promoter and public	Promoter 51.0%Public 49.0%	Promoter 70.0%Public 30.0%
Dividends
Cash dividend yield, 12 months	0.90%	None in 12 months
Latest declaration	11.053% cash2082/83	None declared2081/82
Trading
Traded value, last 30 days	Rs 40.55 cr, the higher figure	Rs 9.02 cr
Shares traded, latest session	5,849, the higher figure	1,448
From the quarterly reports
EPS, P/E, book value and price to book for both, from their latest quarterly reports.

Market value is the close times the listed shares. The 52-week range is NEPSE’s published low and high. Yield is the cash dividends with a book closure in the last 12 months, as a share of the paid-up value, over the close.

Dividends, year by year

As a percentage of paid-up value, as declared. Solid is cash, light is bonus, on one scale.

Dividends declared by FMDBL and FOWAD by Nepali fiscal year, as a percentage of paid-up value
Fiscal year	FMDBL	FOWAD
2082/83	11.053% cash	Not on record
2081/82	6.5% cash	None declared
2080/81	0.47% cash · 9% bonus	0.3% cash · 13.3% bonus
2079/80	7.5% cash · 7.5% bonus	None declared
2078/79	1% cash · 19% bonus	5% cash · 25% bonus

Every dividend by year.

Against the microfinance

Rank among the 49 microfinance Punji covers (1st is the highest), and the sector median.

FMDBL and FOWAD against their sector
	FMDBL	Sector median	FOWAD
Return, 1 year	−5.62% 18th of 48	Median −10.08%	−16.39% 33rd of 48
Cash dividend yield	0.90% 3rd of 19	Median 0.08%	No cash dividend in 12 months
Market value	Rs 971 cr 9th of 49	Median Rs 445 cr	Rs 1,080 cr 8th of 49
Traded value, 30 days	Rs 40.55 cr 5th of 49	Median Rs 7.36 cr	Rs 9.02 cr 21st of 49

Dividend yield ranks only the companies that paid a cash dividend in the last 12 months.

Questions

FMDBL or FOWAD: questions

Which is bigger, FMDBL or FOWAD?

FOWAD is larger by market value: Rs 1,080 crore, against Rs 971 crore for FMDBL, at the close of 16 Oct 2026. Market value is the share price times the shares listed.

Which has risen more over the past year, FMDBL or FOWAD?

Over the past year, Rs 100 in FMDBL became Rs 94 (−5.62%) and in FOWAD Rs 84 (−16.39%), adjusted for bonus shares. Cash dividends are not added back. How a share moved in the past does not say how it will move next.

Which pays a higher dividend, FMDBL or FOWAD?

FMDBL last declared 11.053% cash for 2082/83; FOWAD last declared no dividend for 2081/82. Dividends are declared as a percentage of the paid-up value, not of today’s price, so the cash dividend yield in the table is the comparable figure.

Should I buy FMDBL or FOWAD?

Punji does not say. This page lines up the published figures for both and marks neither as better; what fits depends on what you hold, why and for how long.