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Indian (NIFTY) Consumer Finance Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies97
  • 7D2.8%
  • 3M6.4%
  • 1Y44.2%
  • YTD35.3%

In the last week, the Consumer Finance industry is up 2.8%, with Shriram Finance up 13%. This takes the industry's 12 month performance to a gain of 44%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025₹17.1t₹1.8t₹599.1b23.8x28.5x9.7x
Fri, 21 Nov 2025₹16.7t₹1.8t₹598.9b25.2x28x9.5x
Sun, 19 Oct 2025₹16.5t₹1.7t₹575.5b27.1x28.7x9.7x
Tue, 16 Sep 2025₹14.3t₹1.6t₹533.7b28.7x26.8x8.9x
Thu, 14 Aug 2025₹12.9t₹1.6t₹520.2b27.3x24.9x8.1x
Sat, 12 Jul 2025₹14.1t₹1.6t₹516.8b28.6x27.4x8.9x
Mon, 09 Jun 2025₹13.2t₹1.5t₹495.0b27.2x26.7x8.8x
Wed, 07 May 2025₹12.4t₹1.5t₹500.1b18.5x24.7x8.3x
Fri, 04 Apr 2025₹12.1t₹1.5t₹497.3b18.2x24.4x8.1x
Sun, 02 Mar 2025₹11.7t₹1.5t₹483.1b17.3x24.3x7.9x
Tue, 28 Jan 2025₹10.5t₹1.5t₹471.1b20.7x22.3x7x
Thu, 26 Dec 2024₹10.3t₹1.5t₹481.0b22.5x21.4x6.8x
Sat, 23 Nov 2024₹10.1t₹1.5t₹481.0b22.4x21x6.7x
Mon, 21 Oct 2024₹11.1t₹1.5t₹494.2b22.2x22.5x7.5x
Wed, 18 Sep 2024₹11.7t₹1.5t₹490.8b22.7x23.8x7.9x
Fri, 16 Aug 2024₹10.2t₹1.5t₹490.8b20.3x20.8x6.9x
Sun, 14 Jul 2024₹10.8t₹1.4t₹473.5b21.7x22.8x7.6x
Tue, 11 Jun 2024₹10.7t₹1.4t₹473.0b20.8x22.6x7.6x
Thu, 09 May 2024₹10.2t₹1.4t₹463.4b22.2x22.1x7.2x
Sat, 06 Apr 2024₹10.6t₹1.4t₹451.5b21.8x23.6x7.5x
Mon, 04 Mar 2024₹9.9t₹1.4t₹451.6b22.3x22x7x
Wed, 31 Jan 2024₹10.3t₹1.4t₹459.9b21.6x22.5x7.1x
Fri, 29 Dec 2023₹10.4t₹1.4t₹446.6b20.5x23.3x7.4x
Sun, 26 Nov 2023₹9.8t₹1.4t₹444.6b20.6x22.1x7x
Tue, 24 Oct 2023₹10.2t₹1.4t₹433.6b19.7x23.6x7.6x
Thu, 21 Sep 2023₹10.1t₹1.3t₹416.8b21.4x24.3x7.6x
Sat, 19 Aug 2023₹9.4t₹1.3t₹415.3b19x22.6x7.1x
Mon, 17 Jul 2023₹9.8t₹1.3t₹383.6b22.9x25.6x7.8x
Wed, 14 Jun 2023₹9.3t₹1.3t₹383.3b21.6x24.3x7.4x
Fri, 12 May 2023₹8.6t₹1.2t₹373.2b21.9x23.1x7x
Sun, 09 Apr 2023₹7.8t₹1.2t₹359.9b22.3x21.5x6.4x
Tue, 07 Mar 2023₹7.8t₹1.2t₹359.9b25x21.7x6.4x
Thu, 02 Feb 2023₹7.6t₹1.2t₹355.3b27.5x21.4x6.4x
Sat, 31 Dec 2022₹8.2t₹1.1t₹322.2b28.7x25.3x7.3x
Price to Earnings Ratio

25.3x


Total Market Cap: ₹8.2tTotal Earnings: ₹322.2bTotal Revenue: ₹1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Finance Industry Price to Earnings3Y Average 23.9x202320242025
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 28.5x which is higher than its 3-year average PE of 23.9x.
  • The 3-year average PS ratio of 7.7x is lower than the industry's current PS ratio of 9.7x.
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 Market1.42%
Financials1.35%
Consumer Finance2.83%
Consumer Finance2.83%
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
511218 Shriram Finance₹957.8512.9%
+₹206.2b		66.3%PE18.3x
BAJFINANCE Bajaj Finance₹1.01k1.3%
+₹80.7b		48.6%PE34.3x
TATACAP Tata Capital₹344.005.5%
+₹75.1b		n/aPE34.4x
M&MFIN Mahindra & Mahindra Financial Services₹386.2013.1%
+₹62.0b		46.3%PE21.7x
SUNDARMFIN Sundaram Finance₹5.09k6.9%
+₹36.5b		15.8%PE28.7x

Latest News

M&MFIN
₹386.20
Mahindra & Mahindra Financial Services
7D
13.1%
1Y
46.3%
511218
₹957.85
Shriram Finance
7D
12.9%
1Y
66.3%
SUNDARMFIN
₹5,094.40
Sundaram Finance
7D
6.9%
1Y
15.8%

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

Dec 22
Earnings Not Telling The Story For Sundaram Finance Limited (NSE:SUNDARMFIN)
531213
₹294.60
Manappuram Finance
7D
3.8%
1Y
58.2%

531213: Interim Dividend And Margin Outlook Will Shape Balanced Future Performance

Narrative Update on Manappuram Finance Analysts have modestly raised their price target on Manappuram Finance from ₹305 to ₹310, reflecting improved expectations for faster revenue growth, slightly higher profit margins, and a lower implied future valuation multiple. What's in the News A board meeting is scheduled on October 30, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
POONAWALLA
₹470.90
Poonawalla Fincorp
7D
6.5%
1Y
46.3%

POONAWALLA: AI Risk Systems Will Support Sustained Premium Market Repricing

Analysts have raised their price target on Poonawalla Fincorp from ₹555 to ₹622, reflecting adjustments to growth, margin, and risk assumptions that still support a premium valuation multiple. What's in the News Poonawalla Fincorp deploys five new AI-powered platforms, integrating Early Warning System, Travel Bot, RegIntel, ER Governance Tool, and AI-driven Suspicious Transaction Reporting into core operations to enhance risk management, compliance, and efficiency (Key Developments).
511243
₹1,680.60
Cholamandalam Investment and Finance
7D
-2.0%
1Y
41.7%

511243: Fair Pricing And Board Reclassification Outcome Will Shape Future Outlook

Narrative Update on Cholamandalam Investment and Finance The analyst price target for Cholamandalam Investment and Finance has been modestly raised from ₹1,728 to about ₹1,747, as analysts factor in slightly stronger revenue growth, marginally higher profit margins, and a small upward revision to future valuation multiples. What's in the News Board meeting scheduled for November 6, 2025, to approve audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing) Board to review and decide on requests from YCAS and CECL for reclassification from promoter group to public category under Regulation 31A of the Listing Regulations (company filing) Board to confirm eligibility of YCAS and CECL under Regulation 31A(3)(b) before approving their reclassification to public category (company filing) Valuation Changes Fair Value: Risen slightly from about ₹1,728 to about ₹1,747, reflecting a modest uplift in the intrinsic value estimate.
FIVESTAR
₹563.85
Five-Star Business Finance
7D
-4.7%
1Y
-26.6%

Here's Why We Think Five-Star Business Finance (NSE:FIVESTAR) Is Well Worth Watching

Dec 19
Here's Why We Think Five-Star Business Finance (NSE:FIVESTAR) Is Well Worth Watching
BAJFINANCE
₹1,011.40
Bajaj Finance
7D
1.3%
1Y
48.6%

BAJFINANCE: Future Returns Expected To Strengthen As Block Deal Eases Overhang

Analysts have raised their price target on Bajaj Finance from ₹1,150 to ₹1,329, citing slightly faster expected revenue growth and a higher anticipated future P/E multiple, which more than offset a modest reduction in projected profit margins and discount rate. What's in the News Promoter Bajaj Finance may sell a 2% stake in Bajaj Housing Finance via a block deal on 2 December 2025, with around 166 million shares on offer at a likely floor price of INR 95 per share, about a 9% discount to the prior close.
531595
₹178.75
Capri Global Capital
7D
-1.2%
1Y
-4.8%

531595: New CEO Appointment Will Drive Expansion Into Insurance Broking

Analysts have modestly refined their fair value assumptions for Capri Global Capital, now targeting ₹224.17 per share, as slightly lower discount rates and marginally adjusted long term growth and profitability forecasts support a stable outlook. What's in the News The board approved the incorporation of a wholly owned subsidiary to enter insurance broking, advisory, consultancy and intermediation across life, general, health, motor and other specialty insurance segments, expanding Capri Global Capital's fee-based income streams (Key Developments).
SBICARD
₹866.95
SBI Cards and Payment Services
7D
2.3%
1Y
24.6%

SBICARD: Future Margins Will Likely Weaken Despite New Travel Card Launch

Analysts have trimmed their price target on SBI Cards and Payment Services slightly, from ₹675 to about ₹664, citing modestly lower profit margin and valuation multiple assumptions that more than offset a marginal uplift in long term revenue growth and a reduced discount rate. What's in the News Upcoming board meeting scheduled for October 24, 2025, to review and approve unaudited financial results for the quarter and half-year ended September 30, 2025, and consider other matters (company filing) Launch of co-branded IndiGo SBI Card and IndiGo SBI Card ELITE under the IndiGo BluChip loyalty program, targeting frequent travelers with premium benefits (company announcement) New cards offer elevated rewards on IndiGo ecosystem spends, including rewards of up to 7 percent on the ELITE variant and 3 percent on the standard card, enhancing travel-linked earnings (company announcement) Additional rewards on hotel and travel bookings outside IndiGo, plus base rewards on other categories, positioning the products as comprehensive travel spending solutions (company announcement) Rewards credited as IndiGo BluChips each statement cycle, redeemable for flights, hotels, seat upgrades, meals, and ancillary services, with the potential to earn up to 29,000 bonus BluChips annually (company announcement) Valuation Changes Consensus analyst price target has been reduced slightly from ₹675 to about ₹664, reflecting a modest downward revision in fair value.
MUTHOOTFIN
₹3,808.20
Muthoot Finance
7D
-1.0%
1Y
87.1%

MUTHOOTFIN: Future Funding Plans And Subsidiary Infusion Will Support Stable Outlook

Analysts have nudged their price target on Muthoot Finance slightly higher from ₹3,445 to ₹3,502, citing modestly stronger expectations for revenue growth. This more than offset a small trimming of profit margin assumptions and a marginally higher long term valuation multiple.
INDOSTAR
₹240.65
IndoStar Capital Finance
7D
-1.6%
1Y
-20.0%
538772
₹53.09
Niyogin Fintech
7D
-7.0%
1Y
-16.1%
532900
₹35.60
Paisalo Digital
7D
-4.9%
1Y
-33.2%
TATACAP
₹344.00
Tata Capital
7D
5.5%
1Y
n/a
SPANDANA
₹271.50
Spandana Sphoorty Financial
7D
-1.2%
1Y
-12.8%