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Indian (NIFTY) Consumer Finance Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies98
  • 7D-1.8%
  • 3M2.8%
  • 1Y28.8%
  • YTD-0.8%

Over the last 7 days, the Consumer Finance industry has dropped 1.8%, driven by Muthoot Finance declining 3.5%. Over the past 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026₹17.7t₹2.0t₹658.4b20.5x26.9x9.1x
Sun, 18 Jan 2026₹16.9t₹1.8t₹602.8b24x28x9.5x
Tue, 16 Dec 2025₹16.8t₹1.8t₹599.1b23.5x28x9.5x
Thu, 13 Nov 2025₹16.5t₹1.8t₹585.0b26.4x28.2x9.3x
Sat, 11 Oct 2025₹14.7t₹1.6t₹533.8b27.3x27.6x9.2x
Mon, 08 Sep 2025₹13.6t₹1.6t₹533.7b28.1x25.4x8.5x
Wed, 06 Aug 2025₹13.2t₹1.6t₹524.3b27.8x25.2x8.3x
Fri, 04 Jul 2025₹13.2t₹1.5t₹495.1b27.7x26.6x8.8x
Sun, 01 Jun 2025₹12.8t₹1.5t₹494.3b26.2x25.9x8.5x
Tue, 29 Apr 2025₹12.6t₹1.5t₹493.4b18.7x25.5x8.5x
Thu, 27 Mar 2025₹12.6t₹1.5t₹497.3b18.5x25.3x8.4x
Sat, 22 Feb 2025₹11.6t₹1.5t₹479.9b19x24.2x7.8x
Mon, 20 Jan 2025₹10.6t₹1.5t₹481.0b21.4x22x7x
Wed, 18 Dec 2024₹10.7t₹1.5t₹481.0b23x22.3x7.1x
Fri, 15 Nov 2024₹10.0t₹1.5t₹483.4b21.2x20.6x6.6x
Sun, 13 Oct 2024₹11.4t₹1.5t₹494.2b21.8x23x7.7x
Tue, 10 Sep 2024₹11.5t₹1.5t₹490.7b23.1x23.5x7.8x
Thu, 08 Aug 2024₹10.4t₹1.5t₹486.8b21.2x21.4x7.1x
Sat, 06 Jul 2024₹11.0t₹1.4t₹473.5b23.1x23.1x7.8x
Mon, 03 Jun 2024₹10.0t₹1.4t₹466.7b19.8x21.5x7.1x
Wed, 01 May 2024₹10.5t₹1.4t₹468.2b22.7x22.5x7.3x
Fri, 29 Mar 2024₹10.3t₹1.4t₹451.5b21.3x22.7x7.3x
Sun, 25 Feb 2024₹10.0t₹1.4t₹451.6b22.8x22.2x7.1x
Tue, 23 Jan 2024₹10.7t₹1.4t₹449.4b22.5x23.8x7.5x
Thu, 21 Dec 2023₹10.5t₹1.4t₹446.6b20.8x23.5x7.4x
Sat, 18 Nov 2023₹10.1t₹1.4t₹444.7b20.2x22.7x7.2x
Mon, 16 Oct 2023₹10.5t₹1.3t₹417.0b22x25.2x7.9x
Wed, 13 Sep 2023₹10.0t₹1.3t₹416.8b21.2x24x7.5x
Fri, 11 Aug 2023₹9.7t₹1.3t₹408.2b20.3x23.9x7.5x
Sun, 09 Jul 2023₹9.9t₹1.3t₹383.6b23.4x25.7x7.8x
Tue, 06 Jun 2023₹9.1t₹1.3t₹383.3b22.5x23.8x7.2x
Thu, 04 May 2023₹8.0t₹1.2t₹370.2b21.6x21.7x6.6x
Sat, 01 Apr 2023₹7.4t₹1.2t₹359.9b22.9x20.6x6.1x
Mon, 27 Feb 2023₹7.8t₹1.2t₹359.9b25.1x21.8x6.5x
Price to Earnings Ratio

21.8x


Total Market Cap: ₹7.8tTotal Earnings: ₹359.9bTotal Revenue: ₹1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Finance Industry Price to Earnings3Y Average 24.1x202420252026
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 26.9x which is higher than its 3-year average PE of 24.1x.
  • The 3-year average PS ratio of 7.8x is lower than the industry's current PS ratio of 9.1x.
Past Earnings Growth
  • The earnings for companies in the Consumer Finance industry have grown 22% 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-1.63%
Financials-0.70%
Consumer Finance-1.78%
Consumer Finance-1.78%
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₹1.03k0.5%
+₹33.8b		22.7%PE35.5x
LTF L&T Finance₹297.754.4%
+₹31.4b		119.4%PE26.3x
SBICARD SBI Cards and Payment Services₹785.603.3%
+₹23.7b		-5.9%PE35.7x
M&MFIN Mahindra & Mahindra Financial Services₹374.152.9%
+₹14.9b		38.3%PE21.9x
HDBFS HDB Financial Services₹719.351.4%
+₹8.3b		n/aPE25.7x

Latest News

SBICARD
₹785.60
SBI Cards and Payment Services
7D
3.3%
1Y
-5.9%

SBICARD: Elevated P/E And Stable Margins Will Constrain Future Upside

Analysts have maintained their price target for SBI Cards and Payment Services at ₹650. They cite updated assumptions, including an adjusted discount rate, revenue growth outlook, profit margin profile, and forward P/E expectations, as the main factors behind their valuation stance.
BAJFINANCE
₹1,030.20
Bajaj Finance
7D
0.5%
1Y
22.7%

BAJFINANCE: Block Deal Overhang And Rich P E Will Constrain Returns

Analysts have raised their fair value estimate for Bajaj Finance from about ₹738 to roughly ₹821, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News Bajaj Finance has scheduled a board meeting on 3 Feb 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 Dec 2025 (company filing).
MUTHOOTFIN
₹3,460.00
Muthoot Finance
7D
-3.5%
1Y
56.4%
531213
₹306.30
Manappuram Finance
7D
1.3%
1Y
52.5%

531213: Higher Borrowing Authorisations Will Increase Balance Sheet Risk And Pressure Returns

Analysts have lifted their price target on Manappuram Finance from ₹208.98 to ₹260.00, citing updated assumptions around revenue growth, profit margin and future P/E that they see as better aligned with the company’s current outlook. What's in the News A board meeting is scheduled for January 29, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and to consider declaration of an interim dividend (company filing).
LTF
₹297.75
L&T Finance
7D
4.4%
1Y
119.4%

LTF: Higher Future P E Multiple Will Shape Balanced Risk Reward Outlook

Analysts have raised their price target on L&T Finance from ₹264.21 to ₹305.26, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Board meeting scheduled for January 16, 2026, at 14:48 Indian Standard Time to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (Board Meeting agenda).
511243
₹1,671.05
Cholamandalam Investment and Finance
7D
-2.2%
1Y
20.7%

511243: Board Meeting, Interim Dividend And Governance Review Will Shape Balanced Outlook

Analysts have nudged their price target for Cholamandalam Investment and Finance slightly higher to ₹1,816 from about ₹1,794. This reflects updated assumptions on discount rate, revenue growth, profit margin and forward P/E that together point to a modest recalibration of fair value rather than a major shift in outlook.
POONAWALLA
₹471.15
Poonawalla Fincorp
7D
1.5%
1Y
62.1%

POONAWALLA: AI Rollout Will Underwhelm Against Rich Earnings Multiple

Analysts have lifted their price target on Poonawalla Fincorp from ₹310 to ₹350, citing updated assumptions on the discount rate, revenue growth, profit margins and future P/E as the key drivers behind the change. What's in the News Poonawalla Fincorp rolled out five new AI powered enterprise solutions covering competition benchmarking, central KYC validation, data quality intelligence, Voice of Customer categorisation and an AI assistant for software development, all aimed at deeper use of data and automation across the organisation (Key Developments).
511218
₹1,059.20
Shriram Finance
7D
-0.5%
1Y
81.0%

511218: Capital Infusion And Leadership Changes Will Shape Steady Prospects Ahead

Analysts have nudged their price target on Shriram Finance higher from about ₹1,147 to around ₹1,162, citing relatively steady assumptions for revenue growth, profit margins and future P/E, along with a modest adjustment to the discount rate in their updated models. What's in the News Board meeting scheduled on January 23, 2026 to review unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, and to consider a resource mobilisation plan for issuing various debt securities including redeemable NCDs, subordinated debentures, bonds or notes in onshore or offshore markets (company filing).
CREDITACC
₹1,285.90
CreditAccess Grameen
7D
1.3%
1Y
48.4%

CREDITACC: Possible Axis Bank Bid And Softer Assumptions Will Keep Shares Fairly Priced

Analysts have lifted their price target on CreditAccess Grameen from ₹1,143 to ₹1,196, citing updated assumptions that include a slightly lower discount rate, a modestly higher profit margin, and a marginally higher future P/E multiple, even though projected revenue growth is now set at a more measured level. What's in the News Axis Bank addressed a February 3, 2026 media article about a potential buyout of CreditAccess Grameen, stating that it routinely evaluates various opportunities for growth and expansion and that there is no material information requiring disclosure at this time under SEBI Listing Regulations (moneycontrol report, Axis Bank clarification).
CHOLAHLDNG
₹1,684.60
Cholamandalam Financial Holdings
7D
-1.5%
1Y
11.9%
531595
₹173.05
Capri Global Capital
7D
-2.3%
1Y
-0.6%

531595: Insurance Broking Expansion Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Capri Global Capital from ₹224.17 to ₹221.67 per share, reflecting updated assumptions around discount rate, revenue growth, profit margin, and a lower future P/E multiple. What's in the News CEO designate Mr. Monu Ratra has resigned from his role as Chief Executive Officer and Key Managerial Personnel, effective 19 January 2026, with his last working day on 31 January 2026, citing a desire to pursue entrepreneurial ventures and stating that there is no disagreement with the board or management (company announcement).
M&MFIN
₹374.15
Mahindra & Mahindra Financial Services
7D
2.9%
1Y
38.3%

M&MFIN: Governance Appointments And New Equity Plan Will Shape A Balanced Outlook

Analysts have lifted their price target for Mahindra & Mahindra Financial Services from ₹342.50 to about ₹375.36, citing updated assumptions around revenue growth, profit margins, the discount rate, and future P/E expectations. What's in the News A special shareholders meeting is scheduled via postal ballot on Feb 7, 2026, to vote on appointing Ms. Padmaja Chunduru as an Independent Director for a five-year term from Nov 10, 2025, to Nov 9, 2030, not liable to retire by rotation (company filing).
SUNDARMFIN
₹5,178.00
Sundaram Finance
7D
-2.1%
1Y
11.4%

Sundaram Finance's (NSE:SUNDARMFIN) Dividend Will Be ₹16.00

Feb 05
Sundaram Finance's (NSE:SUNDARMFIN) Dividend Will Be ₹16.00
FEDFINA
₹134.04
Fedbank Financial Services
7D
-5.4%
1Y
43.0%
HDBFS
₹719.35
HDB Financial Services
7D
1.4%
1Y
n/a
TATACAP
₹345.00
Tata Capital
7D
-2.3%
1Y
n/a