Compare stocks · Microfinance
FMDBL vs FOWAD: First Micro Finance Laghubitta Bittiya Sanstha and Forward Microfinance Laghubitta Bittiya Sanstha compared
On 5 Oct 2026, FMDBL (First Micro Finance Laghubitta Bittiya Sanstha Limited) closed at Rs 726.80 and FOWAD (Forward Microfinance Laghubitta Bittiya Sanstha Limited) at Rs 880.00. Over the past year, Rs 100 in FMDBL became Rs 88 and in FOWAD Rs 81, adjusted for bonus shares.
FOWAD is the larger company by market value, Rs 1,052 crore against Rs 977 crore. Cash dividends declared in the last 12 months yield 0.89% on FMDBL and nothing on FOWAD at today’s price.
Close · 5 Oct 2026NEPSE published data, may be delayed
Compare a different pair
A year to the close of 5 Oct 2026, adjusted for bonus shares. The chart below takes any window.
5 Oct 2026FMDBL Rs 100 → Rs 88 (close 726.80)FOWAD Rs 100 → Rs 81 (close 880.00)
Rs 100 in each on the first session of the window, adjusted for bonus shares. Cash dividends are not added back. To the close of 5 Oct 2026.
| FMDBLFirst Micro Finance Laghubitta Bittiya Sanstha Limited | FOWADForward Microfinance Laghubitta Bittiya Sanstha Limited | |
|---|---|---|
| Sector | Microfinance | Microfinance |
| Close, Rs | 726.80 | 880.00 |
| Today | −0.67% down | −0.28% down |
| Return, 1 month | −1.76% down | 0.00% unchanged |
| Return, 1 year | −12.42% down | −19.34% down |
| 52-week range | 689.80 to 982.00 | 834.20 to 1,364.00 |
| Market value | Rs 977 cr | Rs 1,052 cr |
| Cash dividend yield | 0.89% | none in 12 months |
| Latest dividends | 2081/82: 6.5% cash, 0% bonus | 2081/82: 0% cash, 0% bonus |
| Traded, last 30 days | Rs 38.26 cr | Rs 8.92 cr |
FMDBL and FOWAD dividends, year by year
| Fiscal year | FMDBL | FOWAD |
|---|---|---|
| 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 |
| 2077/78 | 0.53% cash, 10% bonus | 7% cash, 35% bonus |
As a percentage of paid-up value, as declared. Every dividend by year.
P/E, earnings per share and book value are not in the web data. The Punji app compares those too.
FMDBL or FOWAD: questions
- Which is bigger, FMDBL or FOWAD?
- FOWAD is larger by market value: Rs 1,052 crore, against Rs 977 crore for FMDBL, at the close of 5 Oct 2026. Market value is the share price times the shares listed.
- Which has risen more over the past year, FMDBL or FOWAD?
- Rs 100 in FMDBL became Rs 88 (−12.42%), and Rs 100 in FOWAD became Rs 81 (−19.34%), adjusted for bonus shares and without cash dividends 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 6.5% cash and 0% bonus for 2081/82; FOWAD last declared 0% cash and 0% bonus for 2081/82. Dividends are a percentage of the paid-up value, not of today’s price, so the cash dividend yield in the table above 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.
Also: FMDBL stock page, FOWAD stock page, the screener, the heat map and the guides to evaluating banking stocks and bonus and right shares.
Valuation and earnings are in the app
The Punji app compares P/E, earnings and book value as well, next to the companies you hold. Free on iOS and Android.