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Indian (NIFTY) Consumer Finance Industry Analysis

UpdatedAug 21, 2026
DataAggregated Company Financials
Companies102
  • 7D0.1%
  • 3M15.3%
  • 1Y21.2%
  • YTD3.6%

Over the last 7 days, the Consumer Finance industry has dropped 1.3%, driven by Mahindra & Mahindra Financial Services declining 3.5%. In the past year, the industry has gained 20%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the Indian Consumer Finance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Aug 2026₹19.2t₹2.3t₹798.0b20.6x24.1x8.4x
Sun, 19 Jul 2026₹18.5t₹2.2t₹736.6b21.4x25.1x8.6x
Tue, 16 Jun 2026₹17.2t₹2.1t₹729.3b20.4x23.6x8.1x
Thu, 14 May 2026₹16.7t₹2.1t₹711.6b20.4x23.5x7.8x
Sat, 11 Apr 2026₹16.5t₹2.0t₹659.9b18.4x25.1x8.4x
Mon, 09 Mar 2026₹16.7t₹2.0t₹659.7b18.3x25.3x8.5x
Wed, 04 Feb 2026₹16.6t₹1.8t₹607.9b21.1x27.3x9.1x
Fri, 02 Jan 2026₹17.1t₹1.8t₹599.1b24.4x28.5x9.6x
Sun, 30 Nov 2025₹17.0t₹1.8t₹598.9b24.8x28.4x9.6x
Tue, 28 Oct 2025₹16.7t₹1.7t₹581.3b27.6x28.8x9.7x
Thu, 25 Sep 2025₹14.7t₹1.6t₹533.8b27.9x27.5x9.2x
Sat, 23 Aug 2025₹13.5t₹1.6t₹533.0b28.5x25.3x8.4x
Mon, 21 Jul 2025₹14.0t₹1.6t₹516.7b28.9x27.1x8.8x
Wed, 18 Jun 2025₹13.2t₹1.5t₹495.0b26.4x26.7x8.8x
Fri, 16 May 2025₹12.8t₹1.5t₹496.5b19.9x25.8x8.4x
Sun, 13 Apr 2025₹12.2t₹1.5t₹497.3b18.4x24.5x8.2x
Tue, 11 Mar 2025₹11.7t₹1.5t₹483.1b17.9x24.1x7.8x
Thu, 06 Feb 2025₹11.8t₹1.5t₹489.4b20x24.1x7.8x
Sat, 04 Jan 2025₹11.0t₹1.5t₹481.0b23.3x23x7.3x
Mon, 02 Dec 2024₹10.2t₹1.5t₹481.0b21.9x21.2x6.8x
Wed, 30 Oct 2024₹10.7t₹1.5t₹487.6b21.4x22x7.2x
Fri, 27 Sep 2024₹12.1t₹1.5t₹490.8b22.3x24.7x8.2x
Sun, 25 Aug 2024₹10.7t₹1.5t₹490.7b23.6x21.8x7.3x
Tue, 23 Jul 2024₹10.7t₹1.4t₹475.0b23.4x22.5x7.5x
Thu, 20 Jun 2024₹11.0t₹1.4t₹473.1b21.4x23.2x7.8x
Sat, 18 May 2024₹10.2t₹1.4t₹465.8b21.9x22x7.1x
Mon, 15 Apr 2024₹10.7t₹1.4t₹451.5b21.2x23.6x7.5x
Wed, 13 Mar 2024₹9.7t₹1.4t₹451.5b21x21.4x6.8x
Fri, 09 Feb 2024₹10.0t₹1.4t₹450.1b22.2x22.1x7.1x
Sun, 07 Jan 2024₹10.9t₹1.4t₹446.6b21.8x24.3x7.7x
Tue, 05 Dec 2023₹10.4t₹1.4t₹444.6b20.8x23.3x7.4x
Thu, 02 Nov 2023₹10.0t₹1.4t₹436.5b20x22.9x7.3x
Sat, 30 Sep 2023₹10.3t₹1.3t₹417.0b21x24.7x7.7x
Mon, 28 Aug 2023₹11.0t₹1.3t₹415.3b20.3x26.6x8.3x
Price to Earnings Ratio

26.6x


Total Market Cap: ₹11.0tTotal Earnings: ₹415.3bTotal Revenue: ₹1.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Finance Industry Price to Earnings3Y Average 24.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Consumer Finance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 24.3x.
  • The industry is trading close to its 3-year average PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the Consumer Finance industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Financials industry?

IN Market-0.52%
Financials-0.32%
Consumer Finance0.13%
Consumer Finance0.13%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BAJFINANCE Bajaj Finance₹1.10k0.7%
+₹49.7b		22.4%PE33.5x
MUTHOOTFIN Muthoot Finance₹2.97k3.3%
+₹37.9b		11.0%PE10.5x
LTF L&T Finance₹317.153.5%
+₹27.1b		42.4%PE24.9x
511218 Shriram Finance₹1.13k0.9%
+₹23.5b		84.1%PE23.6x
TATACAP Tata Capital₹366.150.7%
+₹10.1b		n/aPE28.6x

Latest News

531213
₹356.60
Manappuram Finance
7D
2.3%
1Y
33.7%
531595
₹224.10
Capri Global Capital
7D
-1.1%
1Y
19.4%
MUTHOOTFIN
₹2,970.00
Muthoot Finance
7D
3.3%
1Y
11.0%
Narrative Update • Aug 19

MUTHOOTFIN: CEO Transition And Margin Outlook Will Support Future Upside

Analysts have reduced their price target for Muthoot Finance from about ₹3,740 to around ₹3,390. This reflects updated views on slightly lower revenue growth expectations, a modestly adjusted discount rate, and a marginally higher profit margin and future P/E assumption.
LTF
₹317.15
L&T Finance
7D
3.5%
1Y
42.4%
Narrative Update • Aug 19

LTF: Capital Structure And Funding Mix Will Shape Balanced Future Risk Reward

Analysts have raised their price target on L&T Finance from ₹307.75 to ₹344.75, citing updated assumptions around revenue growth, discount rate and future P/E, with only a slight adjustment to long term profit margin expectations. What's in the News for L&T Finance L&T Finance has scheduled a board meeting on Jul 10, 2026, to consider and approve unaudited financial results for the quarter ended Jun 30, 2026.
BAJFINANCE
₹1,095.00
Bajaj Finance
7D
0.7%
1Y
22.4%
Narrative Update • Aug 14

BAJFINANCE: Dividend Payouts And Refined Assumptions Will Shape Future Returns

Analysts have lifted their price target for Bajaj Finance from about ₹1,064 to about ₹1,153, citing updated assumptions that factor in slightly higher revenue growth expectations, a marginally lower discount rate, and small tweaks to profit margin and future P/E inputs. What’s in the News for Bajaj Finance Bajaj Finance held its 39th Annual General Meeting on 30 July 2026 and recommended a dividend of ₹6 per equity share on a face value of ₹1 for the financial year ended 31 March 2026.
M&MFIN
₹382.45
Mahindra & Mahindra Financial Services
7D
-3.5%
1Y
46.7%
Analysis Article • Aug 09

Here's Why We Think Mahindra & Mahindra Financial Services (NSE:M&MFIN) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
SBICARD
₹647.05
SBI Cards and Payment Services
7D
0.9%
1Y
-21.6%
Narrative Update • Aug 08

SBICARD: Future Earnings Power From Higher Margins Will Support Upside

The analyst price target for SBI Cards and Payment Services has been revised from about ₹955 to ₹900. Analysts point to updated assumptions on the discount rate, revenue growth, profit margin and future P/E as the key drivers of this change.
SUNDARMFIN
₹4,503.40
Sundaram Finance
7D
-0.9%
1Y
-13.7%
CREDITACC
₹1,496.10
CreditAccess Grameen
7D
-3.4%
1Y
7.0%
CHOLAHLDNG
₹1,561.80
Cholamandalam Financial Holdings
7D
-2.2%
1Y
-16.1%
511243
₹1,860.00
Cholamandalam Investment and Finance
7D
-2.4%
1Y
22.0%
Narrative Update • Jul 29

511243: Board Meeting, Funding Plans And Dividend Policy Will Shape Steady Outlook

Analysts have adjusted their price target for Cholamandalam Investment and Finance from ₹1,887.85 to ₹1,973.13, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for Cholamandalam Investment and Finance A board meeting is scheduled on July 28, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
FIVESTAR
₹520.95
Five-Star Business Finance
7D
-5.3%
1Y
-11.5%
Narrative Update • Jul 28

FIVESTAR: Board Moves And Refined Assumptions Will Shape A Balanced Outlook

Analysts have lifted their fair value estimate for Five-Star Business Finance from about ₹503 to roughly ₹566 as they factor in updated assumptions around revenue growth, profit margins and the P/E that the stock might support in the future. What's in the News for Five-Star Business Finance Board meeting scheduled on Jun 12, 2026 to address company matters, as per corporate event disclosures.
TATACAP
₹366.15
Tata Capital
7D
0.7%
1Y
n/a
511218
₹1,134.10
Shriram Finance
7D
0.9%
1Y
84.1%
POONAWALLA
₹494.05
Poonawalla Fincorp
7D
-1.7%
1Y
9.6%
Narrative Update • Jul 20

POONAWALLA: Planned 10b Debt Raise And Earnings Date Will Guide Future Upside

Analysts have nudged their price target on Poonawalla Fincorp higher from about ₹489 to roughly ₹525, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for Poonawalla Fincorp Poonawalla Fincorp has scheduled a board meeting on Jul 17, 2026 to consider and approve the unaudited financial results for the quarter ending Jun 30, 2026.
HDBFS
₹695.85
HDB Financial Services
7D
1.3%
1Y
-12.5%
Narrative Update • Jul 16

HDBFS: Governance Changes And Debenture Plan Will Shape A Measured Outlook

Analysts have raised the price target for HDB Financial Services from about ₹765 to about ₹814, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E levels. What's in the News HDB Financial Services has scheduled a board meeting on July 15, 2026 to consider and approve the unaudited financial results for the quarter ending June 30, 2026.