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Indian (NIFTY) Diversified Financial Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies175
  • 7D-0.4%
  • 3M3.4%
  • 1Y-7.0%
  • YTD-5.3%

Over the last 7 days, the Diversified Financial industry has remained flat, although notably One97 Communications gained 11%. Unfortunately though, the industry is down 7.0% over the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the Indian Diversified Financial Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Aug 2026₹15.9t₹3.5t₹1.0t21.4x15.4x4.5x
Thu, 23 Jul 2026₹15.6t₹3.4t₹1.0t24.2x15.2x4.6x
Sat, 20 Jun 2026₹15.6t₹3.4t₹1.0t26.2x15.4x4.6x
Mon, 18 May 2026₹15.3t₹3.6t₹1.0t22.5x15x4.2x
Wed, 15 Apr 2026₹15.0t₹3.4t₹971.5b22.9x15.4x4.5x
Fri, 13 Mar 2026₹14.7t₹3.4t₹971.8b21.1x15.1x4.4x
Sun, 08 Feb 2026₹16.2t₹3.4t₹967.1b21.7x16.7x4.8x
Tue, 06 Jan 2026₹17.8t₹3.3t₹967.8b23x18.4x5.4x
Thu, 04 Dec 2025₹17.3t₹3.3t₹966.9b21.8x17.9x5.2x
Sat, 01 Nov 2025₹17.4t₹3.2t₹954.0b24.8x18.3x5.4x
Mon, 29 Sep 2025₹16.7t₹3.2t₹943.7b24.5x17.7x5.3x
Wed, 27 Aug 2025₹16.7t₹3.2t₹943.6b24.2x17.7x5.2x
Fri, 25 Jul 2025₹17.7t₹3.1t₹890.1b27.8x19.9x5.7x
Sun, 22 Jun 2025₹17.0t₹3.1t₹878.2b28.4x19.4x5.5x
Tue, 20 May 2025₹17.1t₹3.1t₹878.6b24.7x19.4x5.5x
Thu, 17 Apr 2025₹16.2t₹3.0t₹874.5b26x18.5x5.3x
Sat, 15 Mar 2025₹14.6t₹3.0t₹874.6b23.9x16.6x4.8x
Mon, 10 Feb 2025₹15.4t₹3.0t₹874.8b26.2x17.6x5.1x
Wed, 08 Jan 2025₹16.4t₹3.0t₹832.9b28.2x19.7x5.5x
Fri, 06 Dec 2024₹17.3t₹3.0t₹832.9b28.1x20.8x5.9x
Sun, 03 Nov 2024₹17.1t₹3.0t₹843.3b29.3x20.3x5.8x
Tue, 01 Oct 2024₹18.3t₹2.9t₹816.8b27.9x22.4x6.4x
Thu, 29 Aug 2024₹16.8t₹2.8t₹795.9b26.6x21.1x6x
Sat, 27 Jul 2024₹16.8t₹2.7t₹779.9b31.5x21.6x6.1x
Mon, 24 Jun 2024₹15.9t₹2.7t₹776.5b29.4x20.5x6x
Wed, 22 May 2024₹15.5t₹2.7t₹778.4b24.7x19.9x5.9x
Fri, 19 Apr 2024₹14.2t₹2.5t₹698.6b24.3x20.3x5.6x
Sun, 17 Mar 2024₹13.6t₹2.5t₹698.6b24x19.4x5.4x
Tue, 13 Feb 2024₹13.6t₹2.5t₹697.7b27.9x19.6x5.4x
Thu, 11 Jan 2024₹17.7t₹3.6t₹984.5b26.4x18x5x
Sat, 09 Dec 2023₹17.1t₹3.6t₹980.9b23.7x17.4x4.8x
Mon, 06 Nov 2023₹15.5t₹3.5t₹943.3b23.7x16.5x4.5x
Wed, 04 Oct 2023₹15.6t₹3.4t₹909.9b24.9x17.2x4.6x
Fri, 01 Sep 2023₹13.4t₹3.4t₹912.0b24.1x14.7x4x
Price to Earnings Ratio

14.7x


Total Market Cap: ₹13.4tTotal Earnings: ₹912.0bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Diversified Financial Industry Price to Earnings3Y Average 18.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Diversified Financial 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 15.4x which is lower than its 3-year average PE of 18.3x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Diversified Financial industry have grown 4.4% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Indian Financials industry?

IN Market-0.11%
Financials0.14%
Diversified Financial-0.43%
Transaction and Payment Processing Services1.50%
Other Diversified Financial Services-0.30%
Specialized Finance-1.02%
Multi-Sector Holdings-2.21%
Industry PE
  • Investors are most optimistic about the Transaction and Payment Processing Services industry which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (37.1%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Specialized Finance industry, which is trading below its 3-year average of 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Transaction and Payment Processing Services industry, expecting annual earnings growth of 37% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Specialized Finance industry is expected to see its earnings grow by 8.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PAYTM One97 Communications₹1.72k11.1%
+₹109.9b		37.1%PE169.2x
PIRAMALFIN Piramal Finance₹2.18k5.9%
+₹27.4b		n/aPE29.3x
ABCAPITAL Aditya Birla Capital₹410.852.2%
+₹24.2b		46.2%PE27.4x
IIFL IIFL Finance₹666.257.1%
+₹18.7b		47.9%PE13.5x
IREDA Indian Renewable Energy Development Agency₹120.614.6%
+₹15.0b		-16.3%PE17.2x

Latest News

HUDCO
₹186.22
Housing and Urban Development
7D
-1.0%
1Y
-10.4%
PIRAMALFIN
₹2,181.20
Piramal Finance
7D
5.9%
1Y
n/a
IIFL
₹666.25
IIFL Finance
7D
7.1%
1Y
47.9%
IREDA
₹120.61
Indian Renewable Energy Development Agency
7D
4.6%
1Y
-16.3%
RECLTD
₹326.00
REC
7D
-3.7%
1Y
-10.3%
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.
AAVAS
₹1,313.20
Aavas Financiers
7D
-5.4%
1Y
-16.5%
PAYTM
₹1,718.00
One97 Communications
7D
11.1%
1Y
37.1%
Narrative Update • Aug 19

PAYTM: Rich P E Assumptions Will Limit Returns Despite Product Push

Analysts have trimmed their 12 month price target for One97 Communications from ₹1,147.32 to ₹1,050, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for One97 Communications One97 Communications launched Paytm Split Bills on the Paytm app on Friendship Day, aimed at helping friend groups, college students, Gen Z and young professionals track and settle shared expenses across trips, meals, entertainment and other group activities.
BAJAJFINSV
₹2,004.00
Bajaj Finserv
7D
-0.4%
1Y
4.1%
Narrative Update • Aug 19

BAJAJFINSV: Upcoming Results And Reinsurance Entry Will Support Bullish Outlook

Analysts have raised the Bajaj Finserv fair value estimate from ₹2,430 to ₹2,640, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Bajaj Finserv Bajaj Finserv has scheduled a board meeting on 31 July 2026 at 10:45 Indian Standard Time to review unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.
ABCAPITAL
₹410.85
Aditya Birla Capital
7D
2.2%
1Y
46.2%
Narrative Update • Aug 15

ABCAPITAL: Recent Equity Placement Will Support Future Earnings Power

Analysts have lifted the Aditya Birla Capital fair value estimate from ₹434.71 to ₹459.86, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E as the basis for the higher price target. What's in the News for Aditya Birla Capital Aditya Birla Capital has scheduled a board meeting on July 31, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
IFCI
₹83.25
IFCI
7D
2.3%
1Y
60.2%
PFC
₹367.00
Power Finance
7D
-2.0%
1Y
-5.5%
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.
PNBHOUSING
₹1,182.00
PNB Housing Finance
7D
3.2%
1Y
51.0%
Narrative Update • Aug 06

PNBHOUSING: Dividend Policy And Board Changes Will Shape Measured Future Upside

Analysts have raised the price target for PNB Housing Finance from about ₹1,191 to roughly ₹1,270, pointing to updated expectations around revenue growth, profit margins, a slightly adjusted discount rate, and a revised future P/E assumption. What's in the News PNB Housing Finance has a board meeting scheduled on August 4, 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
JIOFIN
₹243.15
Jio Financial Services
7D
-1.1%
1Y
-23.0%
IRFC
₹85.45
Indian Railway Finance
7D
-0.8%
1Y
-29.5%
526650
₹136.95
Tourism Finance Corporation of India
7D
10.8%
1Y
124.7%
AADHARHFC
₹475.00
Aadhar Housing Finance
7D
-2.5%
1Y
-5.7%