Investment Company industry
74 companies · ₹4.3 L cr · 6 with AI deep dives · Q1FY27 report
NBFC lending books surge while general insurance underwriting deteriorates, splitting holdco earnings quality
- Revenue YoY
- +30.6%
- EBITDA margin
- 0.0%
- 0bps YoY
- Price, 1 year
- -9.6%
- 37% of names up
- P/E vs own 5y
- +23.3%
- 22.3x now
Exhibit 1The quarter in numbers
constant panel of 28 companies above ₹500 cr- Jun 26
- 46,111 cr
- Mar 26
- 43,798 cr
- QoQ
- +5.3%
- Jun 25
- 35,308 cr
- YoY
- +30.6%
- Peak
- 46,111 cr
- vs peak
- 0.0%
- Jun 26
- 0.0%
- Mar 26
- 0.0%
- QoQ
- 0bps
- Jun 25
- 0.0%
- YoY
- 0bps
- Peak
- 0.0%
- vs peak
- 0bps
Breadth: 70% of 30 companies grew revenue year on year (was 59% a quarter earlier) and 0% expanded margin (was 0%).
Exhibit 2What it costs
13.56x - 60.95x across the panel todayThe median name trades at 22.3x, +23.3% against this industry's own 5-year median of 18.1x, and -21.2% against its own peak of 28.3x.
Exhibit 3Structure
₹4.3 L crJio Financial Services Ltd is 36.6% of this industry by market cap. The top 5 are 82.2% and the top 10 are 93.6%.
Exhibit 5Coverage (25 of 74)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹33,036 cr
- P/E
- 76.6x
- EV/EBITDA
- -
- ROCE
- 1.1%
- Margin
- -
- Rev YoY
- +4.3%
- Mcap
- ₹28,784 cr
- P/E
- 10.8x
- EV/EBITDA
- -
- ROCE
- 8.2%
- Margin
- -
- Rev YoY
- +19.5%
- Mcap
- ₹1,768 cr
- P/E
- 62.2x
- EV/EBITDA
- -
- ROCE
- 1.1%
- Margin
- -
- Rev YoY
- +37.7%
- Mcap
- ₹1,325 cr
- P/E
- -
- EV/EBITDA
- -
- ROCE
- -1.8%
- Margin
- -
- Rev YoY
- -
- Mcap
- ₹1,056 cr
- P/E
- 17.3x
- EV/EBITDA
- -
- ROCE
- 0.6%
- Margin
- -
- Rev YoY
- -6.8%
- Mcap
- ₹1,036 cr
- P/E
- 1.3x
- EV/EBITDA
- -
- ROCE
- 57.9%
- Margin
- -
- Rev YoY
- +5.7%
- Mcap
- ₹974 cr
- P/E
- 0.4x
- EV/EBITDA
- -
- ROCE
- 4.9%
- Margin
- -
- Rev YoY
- +3.7%
- Mcap
- ₹805 cr
- P/E
- 261.9x
- EV/EBITDA
- -
- ROCE
- 0.5%
- Margin
- -
- Rev YoY
- +225.0%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Both JIOFIN and ABCAPITAL reported strong loan book expansion driven entirely by organic disbursements. JIOFIN's Gross AUM reached ₹30,667 Cr (+163% YoY); ABCAPITAL's NBFC AUM…
- JIOFIN (Q1FY27): “Gross Assets Under Management grew by 163% year-on-year to over ₹30,000 crores. Quarterly…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 49 companies
1-30- Mcap
- ₹429 cr
- P/E
- 3.6x
- EV/EBITDA
- -
- ROCE
- 1.9%
- Margin
- -
- Rev YoY
- +24.8%
- Mcap
- ₹133 cr
- P/E
- 33.5x
- EV/EBITDA
- -
- ROCE
- 4.6%
- Margin
- -
- Rev YoY
- +426.6%
- Mcap
- ₹42 cr
- P/E
- 31.6x
- EV/EBITDA
- -
- ROCE
- 2.0%
- Margin
- -
- Rev YoY
- +12.3%
19 more companies
This industry has 49 constituents beyond the covered names. The first page is free; premium opens the rest.
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