Non Banking Financial Company (NBFC) sector
44 companies · ₹15.1 L cr · 22 with AI deep dives
5y revenue CAGR
median 16.49%(p25 2.98% · p75 24.57%)
Debt / equity
median 1.73x(p25 0.77x · p75 2.87x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30tailwindGold loan AUM surge - sector-defining growth engine across nine players9 managements
Gold lending was the most powerful growth theme. Muthoot Finance consolidated gold AUM grew 54% YoY to ₹1,65,030 crore; IIFL gold AUM rose 150% YoY; Manappuram +99.1% YoY; LTF…
- MUTHOOTFIN (Q4FY26): “We have the highest ever consolidated gold loan AUM of Muthoot Finance and its…”
headwind7 managements🔒headwind5 managements🔒mixed6 managements🔒headwind4 managements🔒headwind2 managements🔒tailwind5 managements🔒
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| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Bajaj Finance Ltd | ₹6.5 L cr | Unlock | bank nim strongnbfc aum accelerator | |
| Shriram Finance Ltd | ₹2.5 L cr | Unlock | bank nim strong | |
| Cholamandalam Investment & Finance Company Ltd | ₹1.5 L cr | Unlock | latent operating leveragebank nim strongnbfc aum accelerator | |
| Muthoot Finance Ltd | ₹1.2 L cr | Unlock | bank nim strongnbfc aum acceleratornbfc borrowings outrunning book | |
| L&T Finance Ltd | ₹77,859 cr | Unlock | bank nim strong | |
| SBI Cards & Payment Services Ltd | ₹62,321 cr | Unlock | bank nim strong | |
| Mahindra & Mahindra Financial Services Ltd | ₹51,888 cr | Unlock | bank nim strong | |
| Sundaram Finance Ltd | ₹48,758 cr | Unlock | bank nim strong | |
| Poonawalla Fincorp Ltd | ₹41,203 cr | Unlock | bank nim strongbank nim compressingnbfc aum acceleratornbfc borrowings outrunning book | |
| Manappuram Finance Ltd | ₹33,938 cr | Unlock | bank nim strongbank nim compressing | |
| IIFL Finance Ltd | ₹24,711 cr | Unlock | bank nim strongbank nim compressingnbfc borrowings outrunning book | |
| Capri Global Capital Ltd | ₹22,009 cr | Unlock | bank nim strongbank nim compressingnbfc aum acceleratornbfc borrowings outrunning book | |
| Five-Star Business Finance Ltd | ₹16,549 cr | Unlock | capex coming onlinebank nim strongnbfc aum accelerator | |
| SBFC Finance Ltd | ₹10,023 cr | Unlock | bank nim strong | |
| Paisalo Digital Ltd | ₹6,488 cr | Unlock | bank nim strongnbfc aum acceleratornbfc borrowings outrunning book | |
| MAS Financial Services Ltd | ₹5,703 cr | Unlock | latent operating leveragecapex coming onlinebank nim strongnbfc aum accelerator | |
| Fedbank Financial Services Ltd | ₹5,642 cr | Unlock | bank nim strong | |
| Northern Arc Capital Ltd | ₹4,637 cr | Unlock | capex coming onlinebank nim strong | |
| Indostar Capital Finance Ltd | ₹4,363 cr | Unlock | bank nim strong | |
| Mufin Green Finance Ltd | ₹2,452 cr | Unlock | bank nim strongbank nim compressing | |
| Arman Financial Services Ltd | ₹2,024 cr | Unlock | latent operating leveragebank nim strongbank nim compressing | |
| PTC India Financial Services Ltd | ₹1,854 cr | Unlock | bank nim strong | |
| Ugro Capital Ltd | ₹1,474 cr | Unlock | bank nim strongbank nim compressing | |
| Crest Ventures Ltd | ₹1,084 cr | Unlock | latent operating leveragenet cashcyclical peak basebank nim strong | |
| Manba Finance Ltd | ₹679 cr | Unlock | bank nim strongbank nim compressing | |
| Dhunseri Investments Ltd | ₹525 cr | Unlock | latent operating leveragecapex coming onlinebank nim compressingnbfc borrowings outrunning book | |
| CSL Finance Ltd | ₹492 cr | Unlock | bank nim strongnbfc aum acceleratornbfc borrowings outrunning book | |
| Akme Fintrade (India) Ltd | ₹396 cr | Unlock | bank nim strong | |
| Muthoot Capital Services Ltd | ₹359 cr | Unlock | latent operating leveragebank nim strongbank nim compressingnbfc borrowings outrunning book | |
| Starteck Finance Ltd | ₹266 cr | Unlock | nbfc borrowings outrunning book | |
| Avonmore Capital & Management Services Ltd | ₹258 cr | Unlock | net cashcyclical peak basebank nim compressing | |
| Team India Guaranty Ltd | ₹208 cr | Unlock | bank nim strongnbfc aum accelerator | |
| CP Capital Limited | ₹196 cr | Unlock | cyclical peak basebank nim strongbank nim compressingnbfc borrowings outrunning book | |
| Viji Finance Ltd | ₹186 cr | Unlock | bank nim strongnbfc aum accelerator | |
| Baid Finserv Ltd | ₹155 cr | Unlock | latent operating leveragebank nim strong | |
| Transwarranty Finance Ltd | ₹59 cr | Unlock | bank nim strong | |
| TruCap Finance Ltd | ₹57 cr | Unlock | capex coming onlinecapex ahead of revenuecyclical peak basebank nim compressing | |
| Capital Trust Ltd | ₹52 cr | Unlock | latent operating leveragebank nim strongbank nim compressing | |
| HB Stockholdings Ltd | ₹34 cr | Unlock | bank nim compressingnbfc borrowings outrunning book | |
| Margo Finance Ltd | ₹29 cr | Unlock | nbfc aum accelerator | |
| India Nivesh Ltd | ₹25 cr | Unlock | bank nim compressingnbfc aum accelerator | |
| Fgp Ltd | ₹13 cr | Unlock | bank nim strongnbfc aum accelerator | |
| India Lease Devl Ltd | ₹10 cr | Unlock | bank nim strong | |
| Jayabharat Credit Ltd | ₹7 cr | Unlock | bank nim compressing |