Non Banking Financial Company (NBFC) industry
311 companies · ₹20.0 L cr · 32 with AI deep dives · Q1FY27 report
Broadest NBFC AUM acceleration in eight quarters, but rising CoF, gold-loan rules and monsoon test margins.
- Revenue YoY
- +21.2%
- Panel
- 45 cos
- Price, 1 year
- +3.2%
- 54% of names up
- P/E vs own 5y
- +16.4%
- 20.6x now
Exhibit 1The quarter in numbers
constant panel of 45 companies above ₹500 cr- Jun 26
- 92,738 cr
- Mar 26
- 87,031 cr
- QoQ
- +6.6%
- Jun 25
- 76,524 cr
- YoY
- +21.2%
- Peak
- 92,738 cr
- vs peak
- 0.0%
Breadth: 85% of 48 companies grew revenue year on year (was 74% a quarter earlier).
Exhibit 2What it costs
11.15x - 28.14x across the panel todayThe median name trades at 20.6x, +16.4% against this industry's own 5-year median of 17.7x, and -10.8% against its own peak of 23.1x.
Exhibit 3Structure
₹20.0 L crBajaj Finance Ltd is 32.9% of this industry by market cap. The top 5 are 66.5% and the top 10 are 81.3%.
Exhibit 5Coverage (25 of 312)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹1.6 L cr
- P/E
- 27.3x
- P/B
- 5.2x
- NIM
- -
- Gross NPA
- -
- Rev YoY
- +21.9%
- Mcap
- ₹49,608 cr
- P/E
- 15.4x
- P/B
- 1.9x
- NIM
- -
- Gross NPA
- -
- Rev YoY
- +14.6%
- Mcap
- ₹46,423 cr
- P/E
- 20.8x
- P/B
- 3.0x
- NIM
- -
- Gross NPA
- -
- Rev YoY
- +20.9%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Growth breadth improved to 85.1% of the panel from 73.9% a year earlier, spanning segments: Bajaj Finance +24%, Chola +23%, Tata Capital +22%, LTF +27%, IIFL +38%, Fedfina +35%…
- BAJFINANCE (Q1FY27): “AUM, we added a record INR37,000 crores of AUM in a quarter. Profit growth was strong at…”
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 287 companies
1-30257 more companies
This industry has 287 constituents beyond the covered names. The first page is free; premium opens the rest.
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