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Indian (NIFTY) Specialized Finance Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies125
  • 7D-1.0%
  • 3M-6.7%
  • 1Y-16.0%
  • YTDn/a

Over the last 7 days, the Specialized Finance industry has dropped 1.0%, driven by Power Finance declining 3.5%. In contrast, Piramal Finance has gained 6.0%. The industry has fallen 16% in the last year. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026₹5.0t₹973.1b₹590.9b21.7x8.5x5.1x
Wed, 22 Jul 2026₹5.3t₹964.6b₹586.4b26.9x9x5.5x
Fri, 19 Jun 2026₹5.5t₹963.2b₹583.3b29.3x9.5x5.7x
Sun, 17 May 2026₹5.4t₹972.1b₹583.5b26.3x9.3x5.6x
Tue, 14 Apr 2026₹5.3t₹980.7b₹561.5b24.2x9.4x5.4x
Thu, 12 Mar 2026₹5.1t₹981.2b₹561.8b21.8x9.1x5.2x
Sat, 07 Feb 2026₹5.6t₹979.6b₹552.9b22.7x10.1x5.7x
Mon, 05 Jan 2026₹5.8t₹974.5b₹549.7b23.5x10.5x5.9x
Wed, 03 Dec 2025₹5.5t₹974.3b₹549.5b22.3x10x5.6x
Fri, 31 Oct 2025₹5.7t₹967.8b₹547.5b23.9x10.4x5.9x
Sun, 28 Sep 2025₹5.5t₹941.3b₹539.9b24.5x10.3x5.9x
Tue, 26 Aug 2025₹5.6t₹941.4b₹539.9b25.2x10.4x6x
Thu, 24 Jul 2025₹6.0t₹864.4b₹511.6b27.7x11.8x7x
Sat, 21 Jun 2025₹5.9t₹868.4b₹513.5b29.8x11.6x6.8x
Mon, 19 May 2025₹6.1t₹878.2b₹503.2b24.1x12x6.9x
Wed, 16 Apr 2025₹5.9t₹856.0b₹505.0b26.3x11.6x6.9x
Fri, 14 Mar 2025₹5.3t₹856.2b₹505.1b23.9x10.5x6.2x
Sun, 09 Feb 2025₹5.8t₹823.9b₹485.3b27x11.9x7x
Tue, 07 Jan 2025₹6.4t₹821.0b₹459.0b29.1x13.9x7.8x
Thu, 05 Dec 2024₹6.8t₹821.1b₹459.1b30.2x14.9x8.3x
Sat, 02 Nov 2024₹6.6t₹811.4b₹457.5b31.4x14.5x8.2x
Mon, 30 Sep 2024₹7.0t₹816.4b₹453.1b30.5x15.4x8.5x
Wed, 28 Aug 2024₹7.7t₹816.9b₹449.7b31.4x17.1x9.4x
Fri, 26 Jul 2024₹7.7t₹783.7b₹435.7b40.9x17.8x9.9x
Sun, 23 Jun 2024₹6.9t₹781.8b₹434.5b34.8x15.9x8.8x
Tue, 21 May 2024₹6.8t₹778.3b₹430.3b29.9x15.7x8.7x
Thu, 18 Apr 2024₹5.6t₹790.0b₹402.6b25x14x7.1x
Sat, 16 Mar 2024₹5.4t₹790.0b₹402.5b26.9x13.5x6.9x
Mon, 12 Feb 2024₹6.2t₹780.5b₹401.9b30.2x15.4x7.9x
Wed, 10 Jan 2024₹4.8t₹770.1b₹444.6b23.2x10.7x6.2x
Fri, 08 Dec 2023₹4.1t₹767.5b₹443.0b22.1x9.3x5.4x
Sun, 05 Nov 2023₹3.2t₹682.9b₹407.6b22.2x7.8x4.7x
Tue, 03 Oct 2023₹3.2t₹670.6b₹396.7b22.5x8x4.7x
Thu, 31 Aug 2023₹2.7t₹676.0b₹398.9b22.7x6.7x3.9x
Price to Earnings Ratio

6.7x


Total Market Cap: ₹2.7tTotal Earnings: ₹398.9bTotal Revenue: ₹676.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Specialized Finance Industry Price to Earnings3Y Average 11.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Specialized Finance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.5x which is lower than its 3-year average PE of 11.8x.
  • The 3-year average PS ratio of 6.6x is higher than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Specialized Finance industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Specialized Finance compare with similar industries?

IN Market-0.20%
Financials0.52%
Diversified Financial0.11%
Specialized Finance-1.01%
Other Diversified Financial Services0.64%
Transaction and Payment Processing Services0.63%
Multi-Sector Holdings0.57%
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
PIRAMALFIN Piramal Finance₹2.18k6.0%
+₹27.9b		n/aPE29.3x
IFCI IFCI₹80.915.2%
+₹10.7b		49.7%PE125x
526650 Tourism Finance Corporation of India₹131.0011.6%
+₹6.3b		111.9%PE39.4x
539199 SG Finserve₹685.703.8%
+₹1.7b		79.5%PE28.8x
542774 Mufin Green Finance₹139.403.0%
+₹792.6m		58.3%PE71.2x

Latest News

IREDA
₹115.00
Indian Renewable Energy Development Agency
7D
-1.1%
1Y
-22.0%
533344
₹27.82
PTC India Financial Services
7D
-1.9%
1Y
-30.4%
RECLTD
₹326.65
REC
7D
-2.5%
1Y
-13.0%
Narrative Update • Aug 20

RECLTD: Merger And Dividend Plans Will Shape Balanced Forward Return Outlook

Analysts have lowered their price target for REC from ₹380 to ₹360, citing updated assumptions that combine a reduced revenue growth outlook with a slightly lower discount rate, a higher profit margin estimate and a modestly lower future P/E multiple. What’s in the News for REC Power Finance Corporation Limited has announced a proposal to acquire the remaining 47.37% stake in REC for approximately ₹483.9b through a share swap at a ratio of 0.88 PFC equity share for every 1 REC equity share, under a merger by absorption scheme.
530879
₹20.37
Capital India Finance
7D
-3.1%
1Y
-42.5%
530067
₹227.50
CSL Finance
7D
3.5%
1Y
-26.5%
537820
₹13.74
Viji Finance
7D
10.1%
1Y
275.4%
MUTHOOTMF
₹210.87
Muthoot Microfin
7D
1.2%
1Y
32.4%
Narrative Update • Aug 13

MUTHOOTMF: Future P/E Repricing Will Support Upcoming Debenture Issue

Analysts have raised their price target for Muthoot Microfin from ₹215 to about ₹237, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What’s in the News for Muthoot Microfin Muthoot Microfin has scheduled a board meeting on August 6, 2026 to consider and approve the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report of the statutory auditors.
542774
₹139.40
Mufin Green Finance
7D
3.0%
1Y
58.3%
IFCI
₹80.91
IFCI
7D
5.2%
1Y
49.7%
PFC
₹363.00
Power Finance
7D
-3.5%
1Y
-9.2%
Narrative Update • Aug 09

PFC: Proposed Merger And Higher Margins Will Drive Future Returns

Analysts have trimmed their price target for Power Finance to about ₹498 from roughly ₹514. This reflects updated assumptions that include a higher discount rate, softer revenue growth expectations, a richer future P/E multiple and stronger projected profit margins.
JSWHL
₹11,289.00
JSW Holdings
7D
-4.9%
1Y
-37.3%
IRFC
₹86.40
Indian Railway Finance
7D
-1.3%
1Y
-30.9%
526650
₹131.00
Tourism Finance Corporation of India
7D
11.6%
1Y
111.9%
HUDCO
₹186.09
Housing and Urban Development
7D
-2.1%
1Y
-12.2%
PIRAMALFIN
₹2,180.80
Piramal Finance
7D
6.0%
1Y
n/a
539199
₹685.70
SG Finserve
7D
3.8%
1Y
79.5%