Compare stocks · Microfinance

FOWAD vs JBLB: Forward Microfinance Laghubitta Bittiya Sanstha and Jeevan Bikas Laghubitta Bittya Sanstha compared

On 24 Sep 2026, FOWAD (Forward Microfinance Laghubitta Bittiya Sanstha Limited) closed at Rs 900.00 and JBLB (Jeevan Bikas Laghubitta Bittya Sanstha Ltd) at Rs 1,278.80. Over the past year, Rs 100 in FOWAD became Rs 82 and in JBLB Rs 117, adjusted for bonus shares.

JBLB is the larger company by market value, Rs 2,239 crore against Rs 1,076 crore. Cash dividends declared in the last 12 months yield nothing on FOWAD and 0.12% on JBLB at today’s price.

Close · 24 Sep 2026NEPSE published data, may be delayed

24 Sep 2026FOWAD Rs 100 → Rs 82 (close 900.00)JBLB Rs 100 → Rs 117 (close 1,278.80)

8010012014024 Sep7 Apr24 SepFOWAD 82JBLB 117

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 24 Sep 2026.

FOWAD and JBLB side by side. Nothing is marked better.
FOWADForward Microfinance Laghubitta Bittiya Sanstha LimitedJBLBJeevan Bikas Laghubitta Bittya Sanstha Ltd
SectorMicrofinanceMicrofinance
Close, Rs900.001,278.80
Today+0.78% up+0.29% up
Return, 1 month+0.44% up+2.62% up
Return, 1 year−17.81% down+17.04% up
52-week range834.20 to 1,364.001,187.50 to 1,644.00
Market valueRs 1,076 crRs 2,239 cr
Cash dividend yieldnone in 12 months0.12%
Latest dividends2081/82: 0% cash, 0% bonus2081/82: 0.737% cash, 14% bonus
Traded, last 30 daysRs 9.63 crRs 15.40 cr

FOWAD and JBLB dividends, year by year

Dividends declared by FOWAD and JBLB by Nepali fiscal year, as a percentage of paid-up value
Fiscal yearFOWADJBLB
2081/82none declared0.737% cash, 14% bonus
2080/810.3% cash, 13.3% bonus0.737% cash, 14% bonus
2079/80none declared0.737% cash, 14% bonus
2078/795% cash, 25% bonus0.714% cash, 14.285% bonus
2077/787% cash, 35% bonusnone

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.

FOWAD or JBLB: questions

Which is bigger, FOWAD or JBLB?
JBLB is larger by market value: Rs 2,239 crore, against Rs 1,076 crore for FOWAD, at the close of 24 Sep 2026. Market value is the share price times the shares listed.
Which has risen more over the past year, FOWAD or JBLB?
Rs 100 in FOWAD became Rs 82 (−17.81%), and Rs 100 in JBLB became Rs 117 (+17.04%), 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, FOWAD or JBLB?
FOWAD last declared 0% cash and 0% bonus for 2081/82; JBLB last declared 0.737% cash and 14% 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 FOWAD or JBLB?
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.

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.