Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Finance & Investments - CV Finance Stocks in India

Finance & Investments - CV Finance: Shriram Finance Ltd owns the largest revenue base; Tsf Investments Ltd has the fastest current growth.

Nifty Finance & Investments - CV Finance Index — Constituents & Performance

The Finance & Investments - CV Finance companies below are the listed Indian Finance & Investments - CV Finance universe this page tracks — the same constituent set people search for as the Nifty Finance & Investments - CV Finance index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading.

The sector itself · before any single company

How has Finance & Investments - CV Finance moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 40% ahead of NIFTY 500. Earnings across its companies grew 18% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 6 weeks running.

BREAKING OUT · ahead 6wPrice and the fundamentals both up3 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑6w · 3/5 >200d (+1) · 3/5 lead (+2) · EPS 5/5↑

200500202620252024202320222021 560336 TRAILING 12-MONTH EPS · 100 AT THE START0100145Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 24.9% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 101, against 100 at the start · down 11.2% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 10.8% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 99, against 100 at the start · down 8.1% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 10.0% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 106, against 100 at the start · up 27.3% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 17.1% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 142, against 100 at the start · up 26.0% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 145, against 100 at the start · up 22.6% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 139, against 100 at the start · down 3.0% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 137, against 100 at the start · up 26.2% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two137 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500202620252024202320222021 560336 TRAILING 12-MONTH EPS · 100 AT THE START0100145Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 24.9% on a year ago · 5 reportingDec 2023 · trailing 12-month earnings per share at 101, against 100 at the start · down 11.2% on a year ago · 5 reportingMar 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 10.8% on a year ago · 5 reportingJun 2024 · trailing 12-month earnings per share at 99, against 100 at the start · down 8.1% on a year ago · 5 reportingSep 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 10.0% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 106, against 100 at the start · up 27.3% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 17.1% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 142, against 100 at the start · up 26.0% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 145, against 100 at the start · up 22.6% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 139, against 100 at the start · down 3.0% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 137, against 100 at the start · up 26.2% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two137No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Finance & Investments - CV Finance, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broadening down the ladderHow much of the sector is participating, how recently, and whether the movers score well.
Together3 of 5 stocks moving
Fresh2 crossed in the last 4 weeks
Backed by scoresmovers score −0 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/10
Mid 1/2+1
Small 2/2+1

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Finance & Investments - CV Finance outperforming NIFTY 500?

The 52-week comparison of Finance & Investments - CV Finance against NIFTY 500 is not available from the current market series. 4 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Shriram Finance Ltd is the strongest against the sector itself at +8.7%. Readings are as of 2026-07-19.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
4/5Stocks leading NIFTY 500
3/5Stocks leading sector

Sector metric: 20.3 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 4 of 5 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Shriram Finance Ltd leads with income of ₹49,996 crore, based on 5 of 5 comparable companies through Jun 2026. Tsf Investments Ltd has the fastest current income growth at 100%, across 5 of 5 comparable companies.

Is the Finance & Investments - CV Finance sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 4 of 5 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Finance & Investments - CV Finance company is largest by income?

Shriram Finance Ltd leads with income of ₹49,996 crore, based on 5 of 5 comparable companies through Jun 2026.

Which Finance & Investments - CV Finance company is growing fastest?

Tsf Investments Ltd has the fastest current income growth at 100%, across 5 of 5 comparable companies.

Which Finance & Investments - CV Finance company has the strongest 4-Factor Sector Score?

Mahindra & Mahindra Financial Services Ltd ranks first at 67.3/100 with 87% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Finance & Investments - CV Finance company has the largest deposit base?

Shriram Finance Ltd has the largest reported deposit base at ₹69,480 crore. Bank borrowings are operating funding, not industrial leverage.

Which Finance & Investments - CV Finance company has the lowest comparable P/BV-to-ROE?

Mahindra & Mahindra Financial Services Ltd has the lowest comparable P/BV ÷ ROE at 0.15, among 4 of 5 companies that pass the metric’s comparability rules.

How much history does this Finance & Investments - CV Finance comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
5
complete canonical membership
Combined market value
₹3.5 L Cr
Shriram Finance Ltd
Revenue growing
4/5
positive TTM year-on-year growth
Beating NIFTY 500
4/5
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Mahindra & Mahindra Financial Services Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 87% evidence confidence.
Shriram Finance Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded.

1. Mahindra & Mahindra Financial Services Ltd · M&MFIN

67.3/100 · Favorable setup · 87% evidence

Exact sum: 26.5 + 13.2 + 14.4 + 13.2 = 67.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

26.5/35Growth & earnings

Income 13.6% · PAT 42.1%

100% evidence

13.2/25Capital efficiency

ROA 1.8% · ROE 12.3% · GNPA —

72% evidence

14.4/20Valuation

P/BV 1.85× · P/BV÷ROE 0.15

100% evidence

13.2/20Relative strength

RS sector 8.7% · RS bench 1% · 1Y 24.8%

70% evidence

2. Shriram Finance Ltd · SHRIRAMFIN

58.0/100 · Mixed-positive evidence · 90% evidence

Exact sum: 17 + 18.9 + 8.1 + 14 = 58

Decision use: Price leads the evidence: RS versus the benchmark is 17.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

17.0/35Growth & earnings

Income 14.2% · PAT 16.6%

95% evidence

18.9/25Capital efficiency

ROA 3.1% · ROE 16.4% · GNPA —

68% evidence

8.1/20Valuation

P/BV 2.87× · P/BV÷ROE 0.17

100% evidence

14.0/20Relative strength

RS sector 8.7% · RS bench 17.6% · 1Y 60.6%

100% evidence

3. Tsf Investments Ltd · TSFINV

55.2/100 · Mixed-positive evidence · 76% evidence

Exact sum: 26.6 + 15.4 + 7 + 6.2 = 55.2

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -17.6% and the one-year return is -6.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

26.6/35Growth & earnings

Income 100% · PAT 28.6%

71% evidence

15.4/25Capital efficiency

ROA 7.9% · ROE 8.2% · GNPA —

68% evidence

7.0/20Valuation

P/BV 1.59× · P/BV÷ROE 0.19

100% evidence

6.2/20Relative strength

RS sector -17.6% · RS bench 0.1% · 1Y -6.4%

70% evidence

4. Sundaram Finance Ltd · SUNDARMFIN

48.3/100 · Mixed-negative evidence · 80% evidence

Exact sum: 16.6 + 16.1 + 7.8 + 7.8 = 48.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.6/35Growth & earnings

Income 15.6% · PAT 9.5%

83% evidence

16.1/25Capital efficiency

ROA 2.4% · ROE 15% · GNPA —

68% evidence

7.8/20Valuation

P/BV 3.32× · P/BV÷ROE 0.22

100% evidence

7.8/20Relative strength

RS sector 1% · RS bench -7.9% · 1Y -14.2%

70% evidence

5. Indostar Capital Finance Ltd · INDOSTAR

33.8/100 · Thin evidence · provisional · 58% evidence

Exact sum: 11.4 + 6 + 9.2 + 7.2 = 33.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

11.4/35Growth & earnings

Income -0.8% · PAT 15.7%

55% evidence

6.0/25Capital efficiency

ROA 1.1% · ROE -23.6% · GNPA —

68% evidence

9.2/20Valuation

P/BV 1.11× · P/BV÷ROE —

40% evidence

7.2/20Relative strength

RS sector -25.8% · RS bench 12.3% · 1Y -14.1%

70% evidence

01 · compare level, then change

Income Scale & Growth Durability

Shriram Finance Ltd has the highest Income among the 5 Finance & Investments - CV Finance companies compared here, at ₹49,996 crore. Mahindra & Mahindra Financial Services Ltd is next at ₹21,733 crore. Tsf Investments Ltd has the highest Income growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Shriram Finance Ltd is the scale leader at ₹49,996 crore, 130% ahead of Mahindra & Mahindra Financial Services Ltd. Tsf Investments Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 535.5% from a ₹985 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderShriram Finance Ltd · ₹49,996 crore
Gap130% versus #2 · Mahindra & Mahindra Financial Services Ltd
Persistence8/8 recent comparable periods
Coverage5/5 companies · 92 observations

Investor read: Shriram Finance Ltd is the scale benchmark; Tsf Investments Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Shriram Finance Ltd's growth falls below Tsf Investments Ltd's for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
1Shriram Finance Ltd SHRIRAMFIN₹50.0K Cr
2Mahindra & Mahindra Financial Services Ltd M&MFIN₹21.7K Cr
3Sundaram Finance Ltd SUNDARMFIN₹9.8K Cr
4Indostar Capital Finance Ltd INDOSTAR₹1.4K Cr
5Tsf Investments Ltd TSFINV₹985 Cr
Income growthfastest growers
1Tsf Investments Ltd TSFINV100%
2Sundaram Finance Ltd SUNDARMFIN16%
3Shriram Finance Ltd SHRIRAMFIN14%
4Mahindra & Mahindra Financial Services Ltd M&MFIN14%
5Indostar Capital Finance Ltd INDOSTAR-0.8%
Income · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyIncomeIncome growthReported
Shriram Finance Ltd SHRIRAMFIN₹13.4K Cr16%Jun 2026
Mahindra & Mahindra Financial Services Ltd M&MFIN₹5.7K Cr15%Jun 2026
Sundaram Finance Ltd SUNDARMFIN₹2.6K Cr13%Mar 2026
Indostar Capital Finance Ltd INDOSTAR₹347 Cr-7.0%Mar 2026
Tsf Investments Ltd TSFINV₹298 Cr508%Mar 2026
Full 20-quarter history · every available company

Income · reported quarter history

Indostar Capital Finance Ltd · INDOSTAR

₹281 Cr
₹285 Cr
₹299 Cr
₹234 Cr
₹238 Cr
₹391 Cr
₹307 Cr
₹352 Cr
₹373 Cr
₹373 Cr
₹344 Cr
₹357 Cr
₹346 Cr
₹347 Cr

Mahindra & Mahindra Financial Services Ltd · M&MFIN

₹3.0K Cr
₹3.0K Cr
₹2.9K Cr
₹2.9K Cr
₹3.0K Cr
₹3.3K Cr
₹3.5K Cr
₹3.6K Cr
₹3.8K Cr
₹4.1K Cr
₹4.3K Cr
₹4.3K Cr
₹4.5K Cr
₹4.8K Cr
₹4.9K Cr
₹5.0K Cr
₹5.0K Cr
₹5.5K Cr
₹5.5K Cr
₹5.7K Cr

Shriram Finance Ltd · SHRIRAMFIN

₹4.7K Cr
₹4.8K Cr
₹5.1K Cr
₹5.1K Cr
₹5.4K Cr
₹7.8K Cr
₹8.0K Cr
₹8.0K Cr
₹8.6K Cr
₹8.9K Cr
₹9.5K Cr
₹9.6K Cr
₹10.1K Cr
₹10.7K Cr
₹11.5K Cr
₹11.5K Cr
₹11.9K Cr
₹12.2K Cr
₹12.5K Cr
₹13.4K Cr

Sundaram Finance Ltd · SUNDARMFIN

₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.6K Cr
₹1.7K Cr
₹1.8K Cr
₹2.2K Cr
₹2.0K Cr
₹2.1K Cr
₹2.2K Cr
₹2.3K Cr
₹2.3K Cr
₹2.4K Cr
₹2.5K Cr
₹2.6K Cr

Tsf Investments Ltd · TSFINV

₹14 Cr
₹15 Cr
₹37 Cr
₹19 Cr
₹17 Cr
₹20 Cr
₹35 Cr
₹24 Cr
₹24 Cr
₹25 Cr
₹218 Cr
₹43 Cr
₹30 Cr
₹33 Cr
₹49 Cr
₹179 Cr
₹250 Cr
₹258 Cr
₹298 Cr

Income growth · reported quarter history

Indostar Capital Finance Ltd · INDOSTAR

-15%
37%
2.7%
50%
57%
-4.6%
12%
1.4%
-7.2%
-7.0%

Mahindra & Mahindra Financial Services Ltd · M&MFIN

2.6%
11%
20%
23%
27%
23%
24%
20%
16%
17%
14%
16%
13%
14%
13%
15%

Shriram Finance Ltd · SHRIRAMFIN

11%
14%
61%
57%
55%
60%
14%
19%
20%
18%
20%
21%
20%
18%
14%
9.3%
16%

Sundaram Finance Ltd · SUNDARMFIN

-0.7%
3.2%
9.3%
15%
26%
27%
29%
45%
23%
22%
20%
4.8%
20%
14%
15%
13%

Tsf Investments Ltd · TSFINV

5.6%
21%
33%
-5.4%
26%
41%
25%
523%
79%
25%
32%
-78%
316%
733%
682%
508%
02 · compare level, then change

Profit Scale & Acceleration

Shriram Finance Ltd has the highest Net profit among the 5 Finance & Investments - CV Finance companies compared here, at ₹11,318 crore. Mahindra & Mahindra Financial Services Ltd is next at ₹3,259 crore. Mahindra & Mahindra Financial Services Ltd has the highest Profit growth at 42.1%, so level and change sit with different companies.

What the numbers say: Shriram Finance Ltd leads with ₹11,318 crore of TTM profit, 247.3% above Mahindra & Mahindra Financial Services Ltd. Mahindra & Mahindra Financial Services Ltd shows 42.1% growth from a ₹3,259 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderShriram Finance Ltd · ₹11,318 crore
Gap247.3% versus #2 · Mahindra & Mahindra Financial Services Ltd
Persistence7/8 recent comparable periods
Coverage5/5 companies · 92 observations

Investor read: Shriram Finance Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
1Shriram Finance Ltd SHRIRAMFIN₹11.3K Cr
2Mahindra & Mahindra Financial Services Ltd M&MFIN₹3.3K Cr
3Sundaram Finance Ltd SUNDARMFIN₹2.1K Cr
4Tsf Investments Ltd TSFINV₹530 Cr
5Indostar Capital Finance Ltd INDOSTAR₹140 Cr
Profit growthfastest growers
1Mahindra & Mahindra Financial Services Ltd M&MFIN42%
2Tsf Investments Ltd TSFINV29%
3Shriram Finance Ltd SHRIRAMFIN17%
4Indostar Capital Finance Ltd INDOSTAR16%
5Sundaram Finance Ltd SUNDARMFIN9.5%
Net profit · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Shriram Finance Ltd SHRIRAMFIN₹3.5K Cr60%Jun 2026
Mahindra & Mahindra Financial Services Ltd M&MFIN₹927 Cr75%Jun 2026
Sundaram Finance Ltd SUNDARMFIN₹554 Cr0.2%Mar 2026
Tsf Investments Ltd TSFINV₹164 Cr53%Mar 2026
Indostar Capital Finance Ltd INDOSTAR₹-424 Cr-1,278%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Indostar Capital Finance Ltd · INDOSTAR

₹37 Cr
₹76 Cr
₹39 Cr
₹25 Cr
₹17 Cr
₹35 Cr
₹25 Cr
₹32 Cr
₹28 Cr
₹36 Cr
₹546 Cr
₹10 Cr
₹8 Cr
₹-424 Cr

Mahindra & Mahindra Financial Services Ltd · M&MFIN

₹1.1K Cr
₹987 Cr
₹624 Cr
₹239 Cr
₹490 Cr
₹664 Cr
₹675 Cr
₹362 Cr
₹287 Cr
₹623 Cr
₹671 Cr
₹497 Cr
₹390 Cr
₹918 Cr
₹456 Cr
₹529 Cr
₹566 Cr
₹826 Cr
₹940 Cr
₹927 Cr

Shriram Finance Ltd · SHRIRAMFIN

₹774 Cr
₹686 Cr
₹1.1K Cr
₹967 Cr
₹1.1K Cr
₹1.8K Cr
₹1.3K Cr
₹1.7K Cr
₹1.8K Cr
₹1.9K Cr
₹2.0K Cr
₹2.0K Cr
₹2.2K Cr
₹3.2K Cr
₹2.1K Cr
₹2.2K Cr
₹2.3K Cr
₹2.5K Cr
₹3.0K Cr
₹3.5K Cr

Sundaram Finance Ltd · SUNDARMFIN

₹274 Cr
₹315 Cr
₹398 Cr
₹277 Cr
₹332 Cr
₹382 Cr
₹509 Cr
₹429 Cr
₹435 Cr
₹506 Cr
₹472 Cr
₹435 Cr
₹436 Cr
₹455 Cr
₹553 Cr
₹475 Cr
₹488 Cr
₹541 Cr
₹554 Cr

Tsf Investments Ltd · TSFINV

₹19 Cr
₹34 Cr
₹78 Cr
₹41 Cr
₹33 Cr
₹65 Cr
₹99 Cr
₹71 Cr
₹91 Cr
₹102 Cr
₹269 Cr
₹110 Cr
₹89 Cr
₹106 Cr
₹107 Cr
₹158 Cr
₹103 Cr
₹105 Cr
₹164 Cr

Profit growth · reported quarter history

Indostar Capital Finance Ltd · INDOSTAR

-54%
-54%
-36%
28%
65%
2.9%
2,084%
-69%
-71%
-1,278%

Mahindra & Mahindra Financial Services Ltd · M&MFIN

-55%
-33%
8.2%
51%
-41%
-6.2%
-0.6%
37%
36%
47%
-32%
6.4%
45%
-10%
106%
75%

Shriram Finance Ltd · SHRIRAMFIN

469%
38%
163%
18%
77%
67%
4.0%
57%
19%
20%
73%
6.1%
6.3%
7.5%
-22%
41%
60%

Sundaram Finance Ltd · SUNDARMFIN

-11%
21%
21%
28%
55%
31%
32%
-7.3%
1.4%
0.2%
-10%
17%
9.2%
12%
19%
0.2%

Tsf Investments Ltd · TSFINV

28%
74%
91%
27%
73%
176%
57%
172%
55%
-2.2%
3.9%
-60%
44%
16%
-0.9%
53%
03 · compare level, then change

Funding Base & Its Composition

Shriram Finance Ltd has the highest Deposits among the 5 Finance & Investments - CV Finance companies compared here, at ₹69,480 crore. Mahindra & Mahindra Financial Services Ltd is next at ₹14,130 crore. The same company also holds the highest Borrowings, at ₹2,50,692 crore. 3 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Shriram Finance Ltd leads both deposits at ₹69,480 crore and borrowings at ₹2,50,692 crore.

LeaderShriram Finance Ltd · ₹69,480 crore
Gap391.7% versus #2 · Mahindra & Mahindra Financial Services Ltd
Persistence8/8 recent comparable periods
Coverage3/5 companies · 30 observations

Investor read: Shriram Finance Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
1Shriram Finance Ltd SHRIRAMFIN₹69.5K Cr
2Mahindra & Mahindra Financial Services Ltd M&MFIN₹14.1K Cr
3Sundaram Finance Ltd SUNDARMFIN₹9.0K Cr
Borrowingslargest borrowings
1Shriram Finance Ltd SHRIRAMFIN₹2.5 L Cr
2Mahindra & Mahindra Financial Services Ltd M&MFIN₹1.1 L Cr
3Sundaram Finance Ltd SUNDARMFIN₹69.6K Cr
4Indostar Capital Finance Ltd INDOSTAR₹5.5K Cr
5Tsf Investments Ltd TSFINV₹235 Cr
Funding base · company comparison
3/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyDepositsBorrowingsReported
Shriram Finance Ltd SHRIRAMFIN₹69.5K Cr₹2.5 L CrJun 2026
Mahindra & Mahindra Financial Services Ltd M&MFIN₹14.1K Cr₹1.1 L CrJun 2026
Sundaram Finance Ltd SUNDARMFIN₹9.0K Cr₹69.6K CrMar 2026
Tsf Investments Ltd TSFINV₹235 CrMar 2026
Indostar Capital Finance Ltd INDOSTAR₹5.5K CrMar 2026
Full 20-quarter history · every available company

Deposits · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

₹9.2K Cr
₹8.3K Cr
₹6.6K Cr
₹5.5K Cr
₹5.8K Cr
₹7.5K Cr
₹8.9K Cr
₹11.4K Cr
₹13.7K Cr
₹14.1K Cr

Shriram Finance Ltd · SHRIRAMFIN

₹20.3K Cr
₹21.9K Cr
₹24.8K Cr
₹36.1K Cr
₹40.8K Cr
₹44.4K Cr
₹50.2K Cr
₹56.1K Cr
₹65.6K Cr
₹69.5K Cr

Sundaram Finance Ltd · SUNDARMFIN

₹6.2K Cr
₹6.3K Cr
₹6.3K Cr
₹6.9K Cr
₹7.4K Cr
₹8.1K Cr
₹8.4K Cr
₹8.7K Cr
₹8.8K Cr
₹9.0K Cr

Borrowings · reported quarter history

Indostar Capital Finance Ltd · INDOSTAR

₹6.2K Cr
₹5.6K Cr
₹7.6K Cr
₹6.9K Cr
₹5.7K Cr
₹5.5K Cr

Mahindra & Mahindra Financial Services Ltd · M&MFIN

₹53.5K Cr
₹53.5K Cr
₹62.1K Cr
₹54.3K Cr
₹66.7K Cr
₹66.7K Cr
₹81.4K Cr
₹76.6K Cr
₹84.9K Cr
₹84.9K Cr
₹98.3K Cr
₹92.0K Cr
₹1.0 L Cr
₹1.0 L Cr
₹1.2 L Cr
₹1.1 L Cr
₹1.2 L Cr
₹1.1 L Cr
₹1.3 L Cr
₹1.1 L Cr

Shriram Finance Ltd · SHRIRAMFIN

₹88.6K Cr
₹88.6K Cr
₹1.1 L Cr
₹92.9K Cr
₹1.0 L Cr
₹1.0 L Cr
₹1.6 L Cr
₹1.3 L Cr
₹1.3 L Cr
₹1.3 L Cr
₹2.0 L Cr
₹1.5 L Cr
₹1.6 L Cr
₹1.6 L Cr
₹2.3 L Cr
₹1.8 L Cr
₹2.3 L Cr
₹1.7 L Cr
₹2.5 L Cr

Sundaram Finance Ltd · SUNDARMFIN

₹28.7K Cr
₹28.7K Cr
₹36.4K Cr
₹30.2K Cr
₹31.0K Cr
₹31.0K Cr
₹42.7K Cr
₹36.0K Cr
₹41.5K Cr
₹41.5K Cr
₹52.3K Cr
₹44.5K Cr
₹47.8K Cr
₹47.8K Cr
₹61.1K Cr
₹52.6K Cr
₹65.8K Cr
₹57.0K Cr
₹69.6K Cr

Tsf Investments Ltd · TSFINV

₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹18 Cr
₹18 Cr
₹19 Cr
₹19 Cr
₹18 Cr
₹18 Cr
₹17 Cr
₹17 Cr
₹16 Cr
₹16 Cr
₹273 Cr
₹273 Cr
₹235 Cr
04 · compare level, then change

Return On Assets

Tsf Investments Ltd has the highest ROA among the 5 Finance & Investments - CV Finance companies compared here, at 7.9%. Shriram Finance Ltd is next at 3.1%. The same company also holds the highest ROA change, at +0.8 percentage points. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Tsf Investments Ltd leads both roa at 7.9% and roa change at +0.8 percentage points.

LeaderTsf Investments Ltd · 7.9%
Gap154.8% versus #2 · Shriram Finance Ltd
Persistence5/7 recent comparable periods
Coverage5/5 companies · 35 observations

Investor read: Tsf Investments Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
1Tsf Investments Ltd TSFINV7.9%
2Shriram Finance Ltd SHRIRAMFIN3.1%
3Sundaram Finance Ltd SUNDARMFIN2.4%
4Mahindra & Mahindra Financial Services Ltd M&MFIN1.8%
5Indostar Capital Finance Ltd INDOSTAR1.2%
ROA changefastest improvers
1Tsf Investments Ltd TSFINV+0.8 pp
2Mahindra & Mahindra Financial Services Ltd M&MFIN+0.2 pp
3Sundaram Finance Ltd SUNDARMFIN−0.1 pp
4Shriram Finance Ltd SHRIRAMFIN−0.2 pp
Return on assets · company comparison
5/5 level · 4/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Indostar Capital Finance Ltd (INDOSTAR) — its two data sources disagree by up to 2,691% on reported income across 13 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROAROA changeReported
Tsf Investments Ltd TSFINV7.9%+0.8 ppMar 2026
Shriram Finance Ltd SHRIRAMFIN3.1%−0.2 ppJun 2026
Sundaram Finance Ltd SUNDARMFIN2.4%−0.1 ppMar 2026
Mahindra & Mahindra Financial Services Ltd M&MFIN1.8%+0.2 ppJun 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

2.5%
2.0%
1.8%
1.6%
1.6%
1.6%
1.7%
1.8%

Shriram Finance Ltd · SHRIRAMFIN

1.9%
2.5%
2.4%
3.0%
3.0%
2.9%
3.3%
3.3%
3.1%

Sundaram Finance Ltd · SUNDARMFIN

2.7%
2.7%
2.7%
2.8%
2.9%
2.7%
2.5%
2.4%
2.4%

Tsf Investments Ltd · TSFINV

5.3%
5.5%
6.5%
7.9%
11%
9.7%
7.1%
7.2%
7.9%

ROA change · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

−0.7 pp
−0.4 pp
−0.2 pp
0.0 pp
+0.1 pp
+0.2 pp

Shriram Finance Ltd · SHRIRAMFIN

+0.5 pp
+0.5 pp
+0.6 pp
−0.1 pp
+0.3 pp
+0.4 pp
−0.2 pp

Sundaram Finance Ltd · SUNDARMFIN

0.0 pp
+0.1 pp
+0.2 pp
−0.1 pp
−0.4 pp
−0.3 pp
−0.1 pp

Tsf Investments Ltd · TSFINV

+1.2 pp
+2.4 pp
+4.3 pp
+1.8 pp
−3.7 pp
−2.5 pp
+0.8 pp
05 · compare level, then change

ROE — Leaders & Improvers

Shriram Finance Ltd has the highest ROE among the 5 Finance & Investments - CV Finance companies compared here, at 16.4%. Sundaram Finance Ltd is next at 15%. Mahindra & Mahindra Financial Services Ltd has the highest ROE change at +5.8 percentage points, so level and change sit with different companies.

What the numbers say: Shriram Finance Ltd leads roe at 16.4%; Mahindra & Mahindra Financial Services Ltd leads roe change at +5.8 percentage points.

LeaderShriram Finance Ltd · 16.4%
Gap9.3% versus #2 · Sundaram Finance Ltd
Persistence5/8 recent comparable periods
Coverage5/5 companies · 76 observations

Investor read: Shriram Finance Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROEhighest
1Shriram Finance Ltd SHRIRAMFIN16%
2Sundaram Finance Ltd SUNDARMFIN15%
3Mahindra & Mahindra Financial Services Ltd M&MFIN12%
4Tsf Investments Ltd TSFINV8.2%
5Indostar Capital Finance Ltd INDOSTAR-24%
ROE changefastest improvers
1Mahindra & Mahindra Financial Services Ltd M&MFIN+5.8 pp
2Sundaram Finance Ltd SUNDARMFIN−0.3 pp
3Tsf Investments Ltd TSFINV−0.5 pp
4Shriram Finance Ltd SHRIRAMFIN−7.7 pp
5Indostar Capital Finance Ltd INDOSTAR−24.0 pp
Return on equity · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Indostar Capital Finance Ltd (INDOSTAR) — its two data sources disagree by up to 2,691% on reported income across 13 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROEROE changeReported
Shriram Finance Ltd SHRIRAMFIN17%−7.7 ppJun 2026
Mahindra & Mahindra Financial Services Ltd M&MFIN15%+5.8 ppJun 2026
Sundaram Finance Ltd SUNDARMFIN14%−0.3 ppMar 2026
Tsf Investments Ltd TSFINV7.0%−0.5 ppMar 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

28%
26%
16%
5.6%
12%
15%
15%
7.7%
6.2%
13%
14%
10%
7.8%
18%
8.8%
9.8%
9.8%
13%
15%

Shriram Finance Ltd · SHRIRAMFIN

3.1%
13%
11%
17%
15%
16%
26%
14%
16%
16%
16%
16%
16%
16%
24%
16%
15%
16%
17%

Sundaram Finance Ltd · SUNDARMFIN

13%
11%
12%
15%
10%
12%
13%
17%
14%
13%
15%
15%
16%
15%
15%
17%
14%
14%
14%

Tsf Investments Ltd · TSFINV

5.8%
3.1%
4.8%
11%
5.5%
4.2%
7.8%
12%
7.9%
9.6%
10%
25%
9.2%
6.8%
7.5%
7.6%
9.3%
7.1%
7.0%

ROE change · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

−16.7 pp
−10.4 pp
−0.5 pp
+2.1 pp
−5.3 pp
−2.0 pp
−1.1 pp
+2.3 pp
+1.6 pp
+4.8 pp
−5.1 pp
−0.2 pp
+2.0 pp
−4.9 pp
+5.8 pp

Shriram Finance Ltd · SHRIRAMFIN

+11.7 pp
+2.5 pp
+14.6 pp
−2.9 pp
+0.8 pp
+0.1 pp
−9.6 pp
+1.2 pp
+0.4 pp
+0.2 pp
+8.3 pp
+0.1 pp
−0.7 pp
−0.3 pp
−7.7 pp

Sundaram Finance Ltd · SUNDARMFIN

−3.1 pp
+0.6 pp
+1.0 pp
+2.2 pp
+3.6 pp
+1.7 pp
+1.9 pp
−1.7 pp
+2.1 pp
+1.5 pp
−0.3 pp
+1.9 pp
−1.3 pp
−1.0 pp
−0.3 pp

Tsf Investments Ltd · TSFINV

−0.3 pp
+1.1 pp
+3.0 pp
+1.0 pp
+2.4 pp
+5.4 pp
+2.5 pp
+13.1 pp
+1.3 pp
−2.8 pp
−2.8 pp
−17.0 pp
+0.1 pp
+0.3 pp
−0.5 pp
06 · compare level, then change

Gross NPA — Leaders & Improvers

No company in this Finance & Investments - CV Finance comparison has a gross NPA figure that passes this section's guard, so the Gross NPA rank is empty. On GNPA change, Shriram Finance Ltd is lowest at -0.8 percentage points, across 3 of 5 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/5 companies · 39 observations

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
Gross NPAlowest
Not enough comparable data
GNPA changefastest improvers
1Shriram Finance Ltd SHRIRAMFIN−0.8 pp
2Sundaram Finance Ltd SUNDARMFIN−0.4 pp
3Mahindra & Mahindra Financial Services Ltd M&MFIN−0.1 pp
Asset quality · company comparison
0/5 level · 3/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Indostar Capital Finance Ltd (INDOSTAR) — its two data sources disagree by up to 2,691% on reported income across 13 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross NPAGNPA changeReported
Shriram Finance Ltd SHRIRAMFIN4.5%−0.8 ppJun 2026
Mahindra & Mahindra Financial Services Ltd M&MFIN3.8%−0.1 ppJun 2026
Sundaram Finance Ltd SUNDARMFIN2.0%−0.4 ppMar 2026
Full 20-quarter history · every available company

Gross NPA · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

5.9%
4.5%
4.4%
4.3%
4.0%
3.4%
3.6%
3.8%
3.9%
3.7%
3.8%
3.9%
3.8%

Shriram Finance Ltd · SHRIRAMFIN

6.3%
6.2%
6.0%
5.8%
5.7%
5.5%
5.4%
5.3%
5.4%
4.6%
4.5%
4.6%
4.5%

Sundaram Finance Ltd · SUNDARMFIN

4.0%
3.0%
3.0%
2.9%
2.6%
2.0%
2.2%
2.4%
2.5%
2.2%
2.7%
2.0%
2.0%

GNPA change · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

−2.0 pp
−1.1 pp
−0.8 pp
−0.5 pp
−0.0 pp
+0.3 pp
+0.2 pp
+0.1 pp
−0.1 pp

Shriram Finance Ltd · SHRIRAMFIN

−0.6 pp
−0.8 pp
−0.6 pp
−0.5 pp
−0.3 pp
−0.9 pp
−0.9 pp
−0.8 pp
−0.8 pp

Sundaram Finance Ltd · SUNDARMFIN

−1.4 pp
−1.0 pp
−0.8 pp
−0.5 pp
−0.2 pp
+0.2 pp
+0.5 pp
−0.4 pp
−0.4 pp
07 · compare level, then change

Valuation Against Growth & Quality

Mahindra & Mahindra Financial Services Ltd has the lowest P/BV ÷ ROE among the 5 Finance & Investments - CV Finance companies compared here, at 0.15×. Shriram Finance Ltd is next at 0.17×. Indostar Capital Finance Ltd has the lowest P/BV at 1.11×, so level and change sit with different companies.

What the numbers say: Mahindra & Mahindra Financial Services Ltd has the lowest comparable P/BV ÷ ROE at 0.15×, 11.8% below Shriram Finance Ltd. Only 4 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderMahindra & Mahindra Financial Services Ltd · 0.15×
Gap11.8% versus #2 · Shriram Finance Ltd
Persistence0/8 recent comparable periods
Coverage4/5 companies · 76 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
1Mahindra & Mahindra Financial Services Ltd M&MFIN0.2
2Shriram Finance Ltd SHRIRAMFIN0.2
3Tsf Investments Ltd TSFINV0.2
4Sundaram Finance Ltd SUNDARMFIN0.2
P/BVlowest P/BV
1Indostar Capital Finance Ltd INDOSTAR1.1
2Tsf Investments Ltd TSFINV1.6
3Mahindra & Mahindra Financial Services Ltd M&MFIN1.9
4Shriram Finance Ltd SHRIRAMFIN2.9
5Sundaram Finance Ltd SUNDARMFIN3.3
Valuation · company comparison
4/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyP/BV ÷ ROEP/BVReported
Sundaram Finance Ltd SUNDARMFIN0.23.4Mar 2026
Tsf Investments Ltd TSFINV0.21.3Mar 2026
Shriram Finance Ltd SHRIRAMFIN0.23.0Jun 2026
Mahindra & Mahindra Financial Services Ltd M&MFIN0.12.1Jun 2026
Indostar Capital Finance Ltd INDOSTAR0.7Mar 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Mahindra & Mahindra Financial Services Ltd · M&MFIN

0.1
0.1
0.1
0.3
0.2
0.1
0.2
0.3
0.3
0.2
0.2
0.2
0.2
0.1
0.2
0.2
0.2
0.1
0.1

Shriram Finance Ltd · SHRIRAMFIN

0.6
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.1
0.1
0.2
0.1
0.2
0.2

Sundaram Finance Ltd · SUNDARMFIN

0.3
0.3
0.2
0.2
0.3
0.2
0.2
0.2
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.2

Tsf Investments Ltd · TSFINV

0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
0.2
0.3
0.2
0.3
0.2

P/BV · reported quarter history

Indostar Capital Finance Ltd · INDOSTAR

0.9
0.7
0.5
0.7
0.7
0.7
0.8
1.1
1.3
1.1
1.2
1.4
0.9
0.8
0.7

Mahindra & Mahindra Financial Services Ltd · M&MFIN

1.6
1.3
1.4
1.5
1.5
1.9
1.9
2.7
2.2
2.0
2.0
2.2
2.3
1.8
1.9
1.8
1.8
2.2
1.7
2.1

Shriram Finance Ltd · SHRIRAMFIN

1.8
1.3
1.2
1.3
1.1
1.3
1.3
1.5
1.6
1.7
1.9
2.5
2.8
2.1
2.4
2.3
2.0
3.0
2.8
3.0

Sundaram Finance Ltd · SUNDARMFIN

3.5
3.1
2.6
2.5
2.7
2.8
2.9
2.9
3.4
3.7
4.3
5.2
5.3
3.9
4.1
5.1
3.8
3.8
3.4

Tsf Investments Ltd · TSFINV

0.8
0.6
0.6
0.7
0.7
0.6
0.6
0.6
0.7
0.8
1.1
1.2
1.6
1.1
1.2
2.4
2.2
1.8
1.3
08 · let price answer last

Market action

Shriram Finance Ltd has the strongest one-year price move in Finance & Investments - CV Finance at +60.6%. It also leads on Mansfield relative strength against NIFTY at +17.6%. 4 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Finance & Investments - CV Finance comparison names 7 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. 1 of the 7 ranked sections has fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Asset quality have fewer than three usable current readings.
09 · the complete set

Which companies are included?

All 5 companies in the canonical Finance & Investments - CV Finance membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Shriram Finance Ltd SHRIRAMFIN₹2.4 L Cr₹1,0052026-07-19Jun 2026Cross-checked
Mahindra & Mahindra Financial Services Ltd M&MFINAHEAD₹49.6K Cr₹3562026-07-19Jun 2026Cross-checked
Sundaram Finance Ltd SUNDARMFIN₹49.4K Cr₹4,4482026-07-19Mar 2026Cross-checked
Tsf Investments Ltd TSFINVAHEAD₹9.6K Cr₹4332026-07-19Mar 2026Cross-checked
Indostar Capital Finance Ltd INDOSTARAHEAD₹4.2K Cr₹2602026-07-19Mar 2026Second feed withheld
How each company's sources stand: 1 of 5 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Indostar Capital Finance Ltd (INDOSTAR) — its two data sources disagree by up to 2,691% on reported income across 13 comparable periods, so its derived ratios are withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 5 Finance & Investments - CV Finance companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 0 unverified · 1 withheld, of 5 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Finance & Investments - CV Finance company comparison FAQs

These 17 answers restate the Finance & Investments - CV Finance comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Finance & Investments - CV Finance index?

The Nifty Finance & Investments - CV Finance index tracks India's listed Finance & Investments - CV Finance companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Finance & Investments - CV Finance sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Finance & Investments - CV Finance stocks in India?

Ranked by this page's four-factor score, Mahindra & Mahindra Financial Services Ltd places first among 5 listed Finance & Investments - CV Finance companies, followed by Shriram Finance Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Finance & Investments - CV Finance stocks are listed in India?

This comparison covers 5 listed Finance & Investments - CV Finance companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Finance & Investments - CV Finance company is the biggest?

Shriram Finance Ltd is the largest, with trailing-twelve-month income of ₹49,996 crore, ahead of Mahindra & Mahindra Financial Services Ltd at ₹21,733 crore. That covers 5 of 5 companies with comparable reporting through Jun 2026.

Which Finance & Investments - CV Finance company is growing fastest?

Tsf Investments Ltd has the fastest income growth at 100% year on year, across 5 of 5 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Finance & Investments - CV Finance company makes the most profit?

Shriram Finance Ltd earns the most, at ₹11,318 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. Mahindra & Mahindra Financial Services Ltd has the fastest profit growth at 42.1%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Finance & Investments - CV Finance company earns the highest return on capital?

Tsf Investments Ltd leads on return on assets at 7.9%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Finance & Investments - CV Finance stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Mahindra & Mahindra Financial Services Ltd screens cheapest at 0.15×. Only 4 of 5 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Finance & Investments - CV Finance lender has the largest funding base?

Shriram Finance Ltd has the largest reported deposit base at ₹69,480 crore. For lenders, deposits and borrowings are operating inputs rather than leverage, so they are read against asset quality and returns instead of as debt.

Which Finance & Investments - CV Finance stock has the strongest price momentum?

Shriram Finance Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Finance & Investments - CV Finance company scores highest for research priority?

Mahindra & Mahindra Financial Services Ltd scores 67.3 out of 100 with 87% evidence confidence, from 26.5 points on growth and earnings, 13.2 on capital efficiency, 14.4 on valuation and 13.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Finance & Investments - CV Finance companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Finance & Investments - CV Finance sector?

The 5 Finance & Investments - CV Finance companies on this page carry ₹3,49,286 crore of combined market value. Shriram Finance Ltd is the largest at ₹2,36,495 crore, about 68% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Finance & Investments - CV Finance sector's P/B ratio?

The median price-to-book ratio across the 5 Finance & Investments - CV Finance companies on this page is 1.9×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Finance & Investments - CV Finance sector performing?

4 of the 5 covered Finance & Investments - CV Finance companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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