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Indian (NIFTY) Consumer Finance Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies97
  • 7D-1.5%
  • 3M1.1%
  • 1Y35.4%
  • YTD-1.9%

Over the last 7 days, the Consumer Finance industry has dropped 1.5%, driven by Bajaj Finance declining 1.0%. This takes the industry's 12 month performance to a gain of 35%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026₹16.8t₹1.8t₹599.0b24.5x28x9.5x
Sun, 14 Dec 2025₹16.8t₹1.8t₹599.1b24x28.1x9.5x
Tue, 11 Nov 2025₹17.0t₹1.8t₹576.2b26.7x29.5x9.7x
Thu, 09 Oct 2025₹14.7t₹1.6t₹533.8b27.4x27.6x9.2x
Sat, 06 Sep 2025₹13.6t₹1.6t₹533.7b28.1x25.4x8.5x
Mon, 04 Aug 2025₹13.0t₹1.6t₹523.8b27.5x24.8x8.2x
Wed, 02 Jul 2025₹13.5t₹1.5t₹495.1b25.4x27.3x9x
Fri, 30 May 2025₹12.8t₹1.5t₹494.7b23.5x25.8x8.5x
Sun, 27 Apr 2025₹12.7t₹1.6t₹493.2b19.3x25.7x8x
Tue, 25 Mar 2025₹12.6t₹1.5t₹497.3b18.5x25.4x8.4x
Thu, 20 Feb 2025₹11.6t₹1.5t₹479.9b18.7x24.1x7.8x
Sat, 18 Jan 2025₹10.6t₹1.5t₹481.0b21.4x22x7x
Mon, 16 Dec 2024₹10.8t₹1.5t₹481.0b23.1x22.5x7.2x
Wed, 13 Nov 2024₹10.1t₹1.5t₹483.3b21.6x21x6.7x
Fri, 11 Oct 2024₹11.4t₹1.5t₹494.2b22.3x23.1x7.7x
Sun, 08 Sep 2024₹11.4t₹1.5t₹490.7b23.4x23.3x7.8x
Tue, 06 Aug 2024₹10.3t₹1.5t₹487.7b23.4x21.2x7.1x
Thu, 04 Jul 2024₹11.0t₹1.4t₹473.3b22.5x23.3x7.8x
Sat, 01 Jun 2024₹10.0t₹1.4t₹466.7b19.8x21.5x7.1x
Mon, 29 Apr 2024₹10.4t₹1.4t₹466.7b22.5x22.2x7.2x
Wed, 27 Mar 2024₹10.0t₹1.4t₹451.5b20.8x22.2x7.1x
Fri, 23 Feb 2024₹10.0t₹1.4t₹451.6b23.3x22.1x7.1x
Sun, 21 Jan 2024₹10.7t₹1.4t₹448.0b22.1x23.9x7.6x
Tue, 19 Dec 2023₹10.7t₹1.4t₹444.6b21.7x24x7.6x
Thu, 16 Nov 2023₹10.2t₹1.4t₹444.7b19.2x22.9x7.3x
Sat, 14 Oct 2023₹10.5t₹1.3t₹417.0b21.8x25.2x7.9x
Mon, 11 Sep 2023₹10.1t₹1.3t₹416.8b22x24.1x7.6x
Wed, 09 Aug 2023₹9.8t₹1.3t₹408.2b19.4x23.9x7.5x
Fri, 07 Jul 2023₹10.0t₹1.3t₹383.6b20.7x26.1x7.9x
Sun, 04 Jun 2023₹9.1t₹1.3t₹383.4b22.8x23.7x7.2x
Tue, 02 May 2023₹8.1t₹1.2t₹370.2b21x21.8x6.6x
Thu, 30 Mar 2023₹7.3t₹1.2t₹359.9b22.5x20.4x6.1x
Sat, 25 Feb 2023₹7.8t₹1.2t₹359.9b25.1x21.8x6.5x
Mon, 23 Jan 2023₹7.6t₹1.1t₹322.2b28.4x23.7x6.8x
Price to Earnings Ratio

23.7x


Total Market Cap: ₹7.6tTotal Earnings: ₹322.2bTotal Revenue: ₹1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Finance Industry Price to Earnings3Y Average 24x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Consumer Finance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.0x which is higher than its 3-year average PE of 24.0x.
  • The 3-year average PS ratio of 7.7x is lower than the industry's current PS ratio of 9.5x.
Past Earnings Growth
  • The earnings for companies in the Consumer Finance industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 17% 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-0.86%
Financials-0.33%
Consumer Finance-1.55%
Consumer Finance-1.55%
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
MUTHOOTFIN Muthoot Finance₹3.94k3.0%
+₹46.2b		83.1%PE21.5x
511218 Shriram Finance₹995.552.1%
+₹38.6b		89.2%PE19x
531213 Manappuram Finance₹313.559.9%
+₹24.0b		61.8%PE59.1x
HDBFS HDB Financial Services₹765.802.4%
+₹14.7b		n/aPE29.5x
M&MFIN Mahindra & Mahindra Financial Services₹356.152.2%
+₹10.6b		32.6%PE20.1x

Latest News

511218
₹995.55
Shriram Finance
7D
2.1%
1Y
89.2%
FEDFINA
₹159.55
Fedbank Financial Services
7D
2.9%
1Y
63.3%
HDBFS
₹765.80
HDB Financial Services
7D
2.4%
1Y
n/a

HDB Financial Services Limited's (NSE:HDBFS) Business Is Trailing The Market But Its Shares Aren't

Jan 16
HDB Financial Services Limited's (NSE:HDBFS) Business Is Trailing The Market But Its Shares Aren't
CHOLAHLDNG
₹1,772.30
Cholamandalam Financial Holdings
7D
-2.7%
1Y
23.5%
CREDITACC
₹1,299.40
CreditAccess Grameen
7D
-1.9%
1Y
42.6%
531595
₹179.90
Capri Global Capital
7D
-2.2%
1Y
0.3%
FIVESTAR
₹515.60
Five-Star Business Finance
7D
1.6%
1Y
-22.4%

FIVESTAR: Upcoming September Results Date Will Highlight Attractive Undervalued Outlook

Analysts have trimmed their price target for Five-Star Business Finance to ₹720.30 from about ₹755.82, pointing to slightly lower assumptions for revenue growth, profit margins and future P/E, partly offset by a modestly reduced discount rate. What's in the News The board has scheduled a meeting for October 29, 2025, to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025.
MUTHOOTFIN
₹3,936.10
Muthoot Finance
7D
3.0%
1Y
83.1%

MUTHOOTFIN: Future Funding Plans And Subsidiary Equity Infusion Will Support Steady Outlook

Analysts have lifted their price target on Muthoot Finance from ₹3,526.80 to ₹3,648.75, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E that they see as better aligned with the company’s current profile. What's in the News A board meeting is scheduled on Nov 13, 2025, at 10:30 Indian Standard Time to consider and approve the unaudited financial results for the quarter and half year ended Sep 30, 2025 (Key Developments).
531213
₹313.55
Manappuram Finance
7D
9.9%
1Y
61.8%

531213: Borrowing Limit Vote Will Tighten Risk Outlook As Shares Appear Stretched

Analysts have raised their fair value estimate for Manappuram Finance from ₹275.38 to ₹283.93 per share, citing slightly adjusted assumptions around the discount rate, revenue growth, profit margins and future P/E expectations as the key drivers of this change. What's in the News Appointment of Mr. Buvanesh Tharashankar as Group Chief Financial Officer and designated Key Managerial Personnel with effect from December 26, 2025, bringing nearly three decades of experience across leading banking and financial institutions.
BAJFINANCE
₹950.25
Bajaj Finance
7D
-1.0%
1Y
32.3%

BAJFINANCE: Future Returns Will Strengthen As Block Deal Refines Overhang

Analysts have kept their fair value estimate for Bajaj Finance unchanged at ₹1,329.00, with only modest tweaks to assumptions such as a slightly lower discount rate, a small adjustment to revenue growth and profit margin expectations, and a marginally reduced future P/E multiple. Together, these changes refine rather than rethink their overall view.
M&MFIN
₹356.15
Mahindra & Mahindra Financial Services
7D
2.2%
1Y
32.6%

M&MFIN: Joint Venture Plans And Board Changes Will Mask Overvaluation

Analysts have raised their price target for Mahindra & Mahindra Financial Services to ₹335.78 from ₹325.31, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples in their models. What's in the News A board meeting is scheduled on January 28, 2026 to consider and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, subject to limited review by the joint statutory auditors (company filing).
SBICARD
₹839.65
SBI Cards and Payment Services
7D
-2.7%
1Y
13.3%

SBICARD: Lower Discount Rate And Higher Future P/E Will Support Upside

The analyst fair value estimate for SBI Cards and Payment Services has moved from ₹1,025 to ₹1,080, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins and future P/E levels to support the new target. What's in the News The board meeting is scheduled for October 24, 2025, to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025 (company filing).
TATACAP
₹359.35
Tata Capital
7D
-0.2%
1Y
n/a
511243
₹1,699.45
Cholamandalam Investment and Finance
7D
-1.2%
1Y
35.0%

511243: Board Results Review And Stable Assumptions Will Shape Forward Outlook

Analysts have nudged their fair value estimate for Cholamandalam Investment and Finance to ₹1,754 from ₹1,747, reflecting small model updates to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Board meeting scheduled for January 30, 2026, to review and approve the unaudited standalone financial results for the quarter ended December 31, 2025 (Key Developments).
SBFC
₹107.01
SBFC Finance
7D
7.6%
1Y
23.6%
SUNDARMFIN
₹5,082.50
Sundaram Finance
7D
-3.2%
1Y
11.5%

Earnings Not Telling The Story For Sundaram Finance Limited (NSE:SUNDARMFIN)

Dec 22
Earnings Not Telling The Story For Sundaram Finance Limited (NSE:SUNDARMFIN)