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Indian (NIFTY) Consumer Finance Industry Analysis

UpdatedJul 16, 2026
DataAggregated Company Financials
Companies101
  • 7D1.4%
  • 3M7.2%
  • 1Y12.6%
  • YTD-0.7%

Over the last 7 days, the Consumer Finance industry has dropped 2.8%, driven by a pullback from Muthoot Finance of 2.2%. In the past year, the industry has gained 11%. 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
Thu, 16 Jul 2026₹18.3t₹2.1t₹731.4b21.2x25.1x8.6x
Sat, 13 Jun 2026₹16.6t₹2.1t₹726.4b20x22.8x7.8x
Mon, 11 May 2026₹17.7t₹2.1t₹703.4b20.9x25.2x8.3x
Wed, 08 Apr 2026₹15.3t₹2.0t₹659.9b16.9x23.1x7.8x
Fri, 06 Mar 2026₹17.0t₹2.0t₹659.7b18.5x25.7x8.6x
Sun, 01 Feb 2026₹16.4t₹1.8t₹606.8b21.5x27x8.9x
Tue, 30 Dec 2025₹17.0t₹1.8t₹599.1b23.6x28.3x9.6x
Thu, 27 Nov 2025₹16.8t₹1.8t₹598.9b24.6x28x9.5x
Sat, 25 Oct 2025₹16.8t₹1.7t₹581.1b28.1x28.8x9.7x
Mon, 22 Sep 2025₹14.4t₹1.6t₹533.7b29.5x26.9x9x
Wed, 20 Aug 2025₹13.5t₹1.6t₹533.4b28.6x25.4x8.5x
Fri, 18 Jul 2025₹13.9t₹1.6t₹516.7b28.6x27x8.8x
Sun, 15 Jun 2025₹13.3t₹1.5t₹495.0b26.4x26.9x8.9x
Tue, 13 May 2025₹12.6t₹1.5t₹493.3b19x25.6x8.3x
Thu, 10 Apr 2025₹12.0t₹1.5t₹497.3b18.2x24.1x8x
Sat, 08 Mar 2025₹11.7t₹1.5t₹483.1b18.3x24.3x7.9x
Mon, 03 Feb 2025₹11.2t₹1.5t₹489.0b20.7x23x7.4x
Wed, 01 Jan 2025₹10.3t₹1.5t₹481.0b22.8x21.4x6.8x
Fri, 29 Nov 2024₹10.2t₹1.5t₹481.0b22.4x21.3x6.8x
Sun, 27 Oct 2024₹10.6t₹1.5t₹490.2b21.2x21.7x7.1x
Tue, 24 Sep 2024₹11.9t₹1.5t₹490.8b22.6x24.2x8.1x
Thu, 22 Aug 2024₹10.7t₹1.5t₹490.7b23.4x21.9x7.3x
Sat, 20 Jul 2024₹10.8t₹1.4t₹473.5b21.8x22.8x7.6x
Mon, 17 Jun 2024₹11.0t₹1.4t₹473.1b22x23.3x7.8x
Wed, 15 May 2024₹10.1t₹1.4t₹465.5b21.7x21.7x7.2x
Fri, 12 Apr 2024₹10.7t₹1.4t₹451.5b21.1x23.6x7.6x
Sun, 10 Mar 2024₹9.8t₹1.4t₹451.5b21.1x21.6x6.9x
Tue, 06 Feb 2024₹9.9t₹1.4t₹445.8b22.2x22.3x7.2x
Thu, 04 Jan 2024₹10.5t₹1.4t₹446.6b21x23.6x7.5x
Sat, 02 Dec 2023₹10.2t₹1.4t₹444.6b20.5x22.9x7.3x
Mon, 30 Oct 2023₹10.1t₹1.4t₹433.1b20.1x23.4x7.5x
Wed, 27 Sep 2023₹10.3t₹1.3t₹416.8b20.6x24.7x7.7x
Fri, 25 Aug 2023₹11.0t₹1.3t₹415.3b20.1x26.6x8.3x
Sun, 23 Jul 2023₹9.9t₹1.3t₹385.7b20.4x25.6x7.8x
Price to Earnings Ratio

25.6x


Total Market Cap: ₹9.9tTotal Earnings: ₹385.7bTotal 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 19% 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 Market1.91%
Financials2.26%
Consumer Finance1.36%
Consumer Finance1.36%
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₹1.02k1.1%
+₹67.8b		10.8%PE33.4x
SBICARD SBI Cards and Payment Services₹640.359.4%
+₹52.6b		-28.6%PE28.1x
TATACAP Tata Capital₹357.603.3%
+₹47.9b		n/aPE30.8x
511218 Shriram Finance₹1.03k1.9%
+₹45.2b		54.7%PE24.3x
511243 Cholamandalam Investment and Finance₹1.80k1.9%
+₹28.9b		15.7%PE29.4x

Latest News

TATACAP
₹357.60
Tata Capital
7D
3.3%
1Y
n/a
511218
₹1,033.45
Shriram Finance
7D
1.9%
1Y
54.7%
511243
₹1,803.45
Cholamandalam Investment and Finance
7D
1.9%
1Y
15.7%
CHOLAHLDNG
₹1,598.80
Cholamandalam Financial Holdings
7D
-3.9%
1Y
-24.0%
BAJFINANCE
₹1,021.30
Bajaj Finance
7D
1.1%
1Y
10.8%
AFIL
₹9.23
Akme Fintrade (India)
7D
-3.2%
1Y
20.2%
LTF
₹312.40
L&T Finance
7D
-0.6%
1Y
53.6%
M&MFIN
₹324.95
Mahindra & Mahindra Financial Services
7D
-2.0%
1Y
23.0%
Narrative Update • Jul 10

M&MFIN: Higher Risk Lending Will Likely Restrain Future Multiple Re Rating

Analysts have raised their fair value estimate for Mahindra & Mahindra Financial Services from about ₹230 to around ₹290, citing a lower discount rate, slightly adjusted revenue growth and profit margin assumptions, and a higher future P/E multiple as key drivers of the updated price target. Analyst Commentary on Mahindra & Mahindra Financial Services Recent commentary around Mahindra & Mahindra Financial Services highlights a more balanced tone, with some investors focusing on valuation support while others stress the execution and credit risk that can come with higher risk or non prime lending exposure.
MUTHOOTFIN
₹3,016.20
Muthoot Finance
7D
-2.2%
1Y
13.8%
Narrative Update • Jul 08

MUTHOOTFIN: Insurance Expansion And Dividend Policy Will Support Future Upside

The analyst price target for Muthoot Finance has been adjusted from ₹3,836 to approximately ₹3,740. Analysts cite updated assumptions for revenue growth, profitability, discount rate and future P/E as the basis for this change.
CREDITACC
₹1,477.50
CreditAccess Grameen
7D
-3.9%
1Y
13.9%
Narrative Update • Jul 02

CREDITACC: Mortgage Acquisition Plans And Fair Value View Will Guide Outlook

Analysts have lifted their price target on CreditAccess Grameen from approximately ₹1,282 to about ₹1,527, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that collectively support a higher fair value estimate. What's in the News for CreditAccess Grameen CreditAccess Grameen has scheduled a board meeting on May 8, 2026, to consider and approve the audited financial statements and results for the quarter and financial year ended March 31, 2026.
SUNDARMFIN
₹4,505.90
Sundaram Finance
7D
-3.2%
1Y
-10.6%
SBICARD
₹640.35
SBI Cards and Payment Services
7D
9.4%
1Y
-28.6%
Narrative Update • Jun 30

SBICARD: Revised Assumptions And Upcoming Board Decisions Will Support Earnings Profile

Analysts have revised their price target for SBI Cards and Payment Services to ₹720.50 from ₹812.17, reflecting updated assumptions around discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for SBI Cards and Payment Services Board meeting scheduled on April 27, 2026, to consider and approve audited financial results for the quarter and year ended March 31, 2026.
POONAWALLA
₹475.55
Poonawalla Fincorp
7D
3.8%
1Y
4.9%
HDBFS
₹751.70
HDB Financial Services
7D
3.4%
1Y
-7.7%
Narrative Update • Jun 26

HDBFS: Borrowing Plan And Governance Changes Will Shape A Fairly Priced Outlook

Analysts have adjusted their price target for HDB Financial Services to about ₹765 from roughly ₹831, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News HDB Financial Services has scheduled a board meeting on April 16, 2026, to consider borrowing funds via issuance of secured redeemable, non convertible debentures on a private placement basis, in one or more tranches, up to ₹22,000 crore.
531595
₹257.95
Capri Global Capital
7D
8.8%
1Y
42.6%
Narrative Update • Jun 24

531595: Upcoming Board Meetings And Dividend Decision Will Shape Fairly Balanced Outlook

Analysts have reaffirmed their fair value estimate for Capri Global Capital at ₹233, making only slight technical adjustments to inputs such as the discount rate and future P/E used in their valuation framework. What’s in the News for Capri Global Capital A board meeting is scheduled for Jun 16, 2026 at 17:00 Indian Standard Time to consider the reappointment of Rajesh Sharma as Director, the reappointment of Nupur Mukherjee and Shishir Priyadarshi as Independent Directors, and the reappointment of Sanjeev Srivastava as Chief Risk Officer.
531213
₹328.65
Manappuram Finance
7D
-1.2%
1Y
21.6%