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Indian (NIFTY) Consumer Finance Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies99
  • 7D-2.3%
  • 3M-17.8%
  • 1Y2.9%
  • YTD-17.0%

Over the last 7 days, the Consumer Finance industry has dropped 2.3%, driven by Mahindra & Mahindra Financial Services declining 1.7%. In contrast, Bajaj Finance has gained 6.2%. As for the longer term, the industry's performance has been flat for the past year. 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
Tue, 07 Apr 2026₹14.9t₹2.0t₹659.9b17.1x22.5x7.6x
Thu, 05 Mar 2026₹16.8t₹2.0t₹659.7b18.2x25.4x8.5x
Sat, 31 Jan 2026₹16.4t₹1.8t₹604.8b21.5x27.1x9x
Mon, 29 Dec 2025₹17.0t₹1.8t₹599.1b24.3x28.4x9.6x
Wed, 26 Nov 2025₹16.5t₹1.8t₹598.8b24.9x27.6x9.4x
Fri, 24 Oct 2025₹16.7t₹1.7t₹581.1b27.6x28.8x9.7x
Sun, 21 Sep 2025₹14.4t₹1.6t₹533.7b29.5x26.9x9x
Tue, 19 Aug 2025₹13.5t₹1.6t₹533.4b28.2x25.4x8.5x
Thu, 17 Jul 2025₹13.9t₹1.6t₹516.7b28.7x26.9x8.8x
Sat, 14 Jun 2025₹13.4t₹1.5t₹495.0b26.4x27x8.9x
Mon, 12 May 2025₹12.1t₹1.5t₹493.3b18.5x24.6x8x
Wed, 09 Apr 2025₹12.2t₹1.5t₹497.3b18.5x24.5x8.2x
Fri, 07 Mar 2025₹11.8t₹1.5t₹483.1b18.4x24.4x7.9x
Sun, 02 Feb 2025₹11.2t₹1.5t₹489.0b20.2x22.9x7.4x
Tue, 31 Dec 2024₹10.4t₹1.5t₹481.0b22.8x21.5x6.9x
Thu, 28 Nov 2024₹10.3t₹1.5t₹481.0b22.8x21.5x6.9x
Sat, 26 Oct 2024₹10.6t₹1.5t₹500.0b21.1x21.3x7.1x
Mon, 23 Sep 2024₹11.9t₹1.5t₹490.8b22.6x24.2x8.1x
Wed, 21 Aug 2024₹10.7t₹1.5t₹490.7b23.2x21.8x7.3x
Fri, 19 Jul 2024₹10.9t₹1.4t₹473.5b22.4x23.1x7.7x
Sun, 16 Jun 2024₹11.0t₹1.4t₹473.1b22x23.3x7.8x
Tue, 14 May 2024₹10.2t₹1.4t₹465.5b21x21.8x7.2x
Thu, 11 Apr 2024₹10.7t₹1.4t₹451.5b21.1x23.6x7.6x
Sat, 09 Mar 2024₹9.8t₹1.4t₹451.5b21.1x21.6x6.9x
Mon, 05 Feb 2024₹10.3t₹1.5t₹460.6b21.6x22.4x7.1x
Wed, 03 Jan 2024₹10.5t₹1.4t₹446.6b21x23.5x7.4x
Fri, 01 Dec 2023₹10.1t₹1.4t₹444.6b20.5x22.7x7.2x
Sun, 29 Oct 2023₹10.1t₹1.4t₹433.1b20.1x23.4x7.5x
Tue, 26 Sep 2023₹10.3t₹1.3t₹416.8b20.7x24.6x7.7x
Thu, 24 Aug 2023₹11.1t₹1.3t₹415.3b19.7x26.7x8.4x
Sat, 22 Jul 2023₹9.9t₹1.3t₹383.6b21.3x25.7x7.9x
Mon, 19 Jun 2023₹9.3t₹1.3t₹383.4b21.3x24.4x7.4x
Wed, 17 May 2023₹8.7t₹1.3t₹375.8b21.9x23.2x6.9x
Fri, 14 Apr 2023₹7.7t₹1.2t₹359.9b22.3x21.5x6.4x
Price to Earnings Ratio

21.5x


Total Market Cap: ₹7.7tTotal Earnings: ₹359.9bTotal Revenue: ₹1.2tTotal 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 7.9x.
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 18% 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 Market0.0067%
Financials-1.26%
Consumer Finance-2.29%
Consumer Finance-2.29%
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₹850.856.2%
+₹306.2b		-0.7%PE29.3x
511218 Shriram Finance₹927.606.4%
+₹104.4b		50.7%PE19.1x
MUTHOOTFIN Muthoot Finance₹3.29k4.1%
+₹52.1b		45.9%PE15.1x
LTF L&T Finance₹255.456.3%
+₹37.8b		71.9%PE22.5x
511243 Cholamandalam Investment and Finance₹1.39k2.9%
+₹33.7b		0.4%PE24.5x

Latest News

BAJFINANCE
₹850.85
Bajaj Finance
7D
6.2%
1Y
-0.7%
511243
₹1,393.40
Cholamandalam Investment and Finance
7D
2.9%
1Y
0.4%
SBICARD
₹635.10
SBI Cards and Payment Services
7D
-0.06%
1Y
-21.8%

SBICARD: Upcoming Board Decisions Will Support Stronger Earnings Profile

Analysts have trimmed their price target on SBI Cards and Payment Services slightly to around ₹821 from about ₹834, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Board meeting scheduled for March 5, 2026, to consider declaration and payment of an interim dividend on equity shares for the 2025-26 financial year, and to review the trading window in line with SEBI insider trading regulations and the company’s code of conduct (company filing).
AYE
₹91.41
Aye Finance
7D
-3.9%
1Y
n/a
540168
₹23.74
Supra Pacific Financial Services
7D
-9.0%
1Y
-9.3%
LTF
₹255.45
L&T Finance
7D
6.3%
1Y
71.9%

LTF: Higher Net Margin Assumptions Will Shape Future Risk Reward Outlook

Analysts have inched up their price target on L&T Finance to about ₹307 from roughly ₹305, reflecting slightly higher fair value estimates that are supported by updated assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled on Jan 16, 2026, at 14:48 IST to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
MUTHOOTFIN
₹3,289.80
Muthoot Finance
7D
4.1%
1Y
45.9%
511218
₹927.60
Shriram Finance
7D
6.4%
1Y
50.7%

511218: Resource Mobilisation Plans Will Support Stronger Prospects Ahead

Analysts have made a small adjustment to their fair value estimate for Shriram Finance, trimming the target from about ₹1,175.93 to around ₹1,172.73 as they fine tune assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Board meeting scheduled on January 23, 2026, to consider unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025 (Key Developments).
POONAWALLA
₹395.50
Poonawalla Fincorp
7D
7.4%
1Y
14.4%

POONAWALLA: AI Solutions And Capital Plans Will Support Future Upside Potential

Analysts have kept their fair value estimate for Poonawalla Fincorp steady at ₹511.38 per share, with only marginal tweaks to inputs such as discount rate and future P/E, suggesting no material shift in their overall price target rationale. What's in the News Board meeting scheduled on May 05, 2026 to consider and approve audited financial results for the quarter and year ending March 31, 2026, audited annual financial statements, and any dividend recommendation for FY 2025-26 (board meeting notice).
HDBFS
₹588.45
HDB Financial Services
7D
5.1%
1Y
n/a
M&MFIN
₹281.25
Mahindra & Mahindra Financial Services
7D
-1.7%
1Y
11.3%

M&MFIN: Undervalued Outlook Will Hinge On Upcoming Board And Governance Decisions

Analysts have inched their consolidated price target for Mahindra & Mahindra Financial Services slightly lower from ₹377.00 to about ₹376.47, reflecting updated assumptions around discount rate, profit margin and forward P/E multiples, while keeping revenue growth expectations broadly aligned with earlier views. What's in the News The board has scheduled a meeting for Jan 28, 2026 at 14:00 IST to review and approve unaudited standalone and consolidated financial results for the third quarter and nine months ended Dec 31, 2025, subject to limited review by joint statutory auditors, and to consider other matters (company filing).
523384
₹45.94
Maha Rashtra Apex
7D
-7.8%
1Y
-61.2%
511764
₹31.47
Aastamangalam Finance
7D
-2.4%
1Y
-2.3%
531595
₹165.50
Capri Global Capital
7D
-0.2%
1Y
9.0%

531595: Leadership Changes And Funding Plans Will Support Future Upside Potential

Analysts have nudged their price target on Capri Global Capital from ₹221.67 to ₹224.00, reflecting updated assumptions on revenue growth, profit margins, and a slightly adjusted future P/E framework. What's in the News CEO Monu Ratra has resigned from his role as Chief Executive Officer and Key Managerial Personnel, effective January 19, 2026, with his last working day on January 31, 2026, to pursue entrepreneurial plans, with the company stating there is no disagreement with the board or management (company filing).
540175
₹23.65
Regency Fincorp
7D
-2.2%
1Y
-21.6%
SUNDARMFIN
₹4,598.00
Sundaram Finance
7D
5.1%
1Y
1.9%

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

Feb 05
Sundaram Finance's (NSE:SUNDARMFIN) Dividend Will Be ₹16.00