# Finance & Investments - Others — company-by-company sector analysis > Finance & Investments - Others: Abans Financial Services Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice. ## Bottom line Finance & Investments - Others has underperformed NIFTY 500 by 8.8% over 52 weeks and 5.1% over 13 weeks. 14 of 33 covered companies beat NIFTY on Mansfield relative strength, while 15 of 33 beat the sector itself. Abans Financial Services Ltd leads with income of ₹23,928 crore, based on 33 of 33 comparable companies through Mar 2026. ### Is the Finance & Investments - Others sector outperforming NIFTY 500? Finance & Investments - Others has underperformed NIFTY 500 by 8.8% over 52 weeks and 5.1% over 13 weeks. 14 of 33 covered companies beat NIFTY on Mansfield relative strength, while 15 of 33 beat the sector itself. ### Which Finance & Investments - Others company is largest by income? Abans Financial Services Ltd leads with income of ₹23,928 crore, based on 33 of 33 comparable companies through Mar 2026. ### Which Finance & Investments - Others company is growing fastest? Abans Financial Services Ltd has the fastest current income growth at 100%, across 31 of 33 comparable companies. ### Which Finance & Investments - Others company has the strongest 4-Factor Sector Score? Fedders Holding Ltd ranks first at 71.4/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Finance & Investments - Others company has the lowest comparable P/BV-to-ROE? Consolidated Finvest & Holdings Ltd has the lowest comparable P/BV ÷ ROE at 0.02, among 31 of 33 companies that pass the metric’s comparability rules. ### How much history does this Finance & Investments - Others 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. ## Sector relative strength Finance & Investments - Others has underperformed NIFTY 500 by 8.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 5.1%. 14 of 33 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Gretex Corporate Services Ltd is the strongest against the sector itself at +56.6%. 13-week sector return versus NIFTY 500: 5.1% 52-week sector return versus NIFTY 500: -8.8% Stocks leading NIFTY: 14/33 Stocks leading sector: 15/33 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 33 Combined market value: ₹89.0K Cr ## 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. 1. Fedders Holding Ltd (FEDDERSHOL): 71/100 — Favorable setup; evidence 76% - Growth & earnings 24.6/35 | Capital efficiency 18.0/25 | Valuation 13.1/20 | Relative strength 15.7/20 - Exact sum: 24.6 + 18 + 13.1 + 15.7 = 71.4 - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. 2. Consolidated Finvest & Holdings Ltd (CONSOFINVT): 67/100 — Favorable setup; evidence 75% - Growth & earnings 15.1/35 | Capital efficiency 18.6/25 | Valuation 13.9/20 | Relative strength 19.1/20 - Exact sum: 15.1 + 18.6 + 13.9 + 19.1 = 66.7 - Decision use: Price leads the evidence: RS versus the benchmark is 41.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 3. Abans Financial Services Ltd (AFSL): 65/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 19.9/35 | Capital efficiency 14.3/25 | Valuation 16.8/20 | Relative strength 13.9/20 - Exact sum: 19.9 + 14.3 + 16.8 + 13.9 = 64.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. Gretex Corporate Services Ltd (GCSL): 59/100 — Mixed-positive evidence; evidence 73% - Growth & earnings 18.9/35 | Capital efficiency 18.1/25 | Valuation 2.3/20 | Relative strength 20.0/20 - Exact sum: 18.9 + 18.1 + 2.3 + 20 = 59.3 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. 5. PTC India Financial Services Ltd (PFS): 59/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 20.8/35 | Capital efficiency 16.4/25 | Valuation 15.5/20 | Relative strength 6.1/20 - Exact sum: 20.8 + 16.4 + 15.5 + 6.1 = 58.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 6. BF Investment Ltd (BFINVEST): 59/100 — Mixed-positive evidence; evidence 73% - Growth & earnings 21.8/35 | Capital efficiency 11.9/25 | Valuation 8.0/20 | Relative strength 16.8/20 - Exact sum: 21.8 + 11.9 + 8 + 16.8 = 58.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 7. Saraswati Commercial (India) Ltd (ZSARACOM): 58/100 — Mixed-positive evidence; evidence 67% - Growth & earnings 24.8/35 | Capital efficiency 14.9/25 | Valuation 10.6/20 | Relative strength 7.6/20 - Exact sum: 24.8 + 14.9 + 10.6 + 7.6 = 57.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 8. CSL Finance Ltd (CSLFINANCE): 57/100 — Mixed-positive evidence; evidence 87% - Growth & earnings 20.4/35 | Capital efficiency 22.0/25 | Valuation 12.0/20 | Relative strength 3.0/20 - Exact sum: 20.4 + 22 + 12 + 3 = 57.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 9. STEL Holdings Ltd (STEL): 54/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 26.0/35 | Capital efficiency 8.9/25 | Valuation 2.8/20 | Relative strength 16.2/20 - Exact sum: 26 + 8.9 + 2.8 + 16.2 = 53.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 10. Bengal & Assam Company Ltd (533095): 52/100 — Mixed-positive evidence; evidence 62% - Growth & earnings 16.5/35 | Capital efficiency 12.8/25 | Valuation 16.0/20 | Relative strength 6.9/20 - Exact sum: 16.5 + 12.8 + 16 + 6.9 = 52.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 11. Balmer Lawrie Investment Ltd (BLIL): 52/100 — Mixed-positive evidence; evidence 82% - Growth & earnings 15.8/35 | Capital efficiency 17.9/25 | Valuation 13.4/20 | Relative strength 5.0/20 - Exact sum: 15.8 + 17.9 + 13.4 + 5 = 52.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 12. Dolat Algotech Ltd (DOLATALGO): 52/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 8.6/35 | Capital efficiency 17.8/25 | Valuation 17.2/20 | Relative strength 8.1/20 - Exact sum: 8.6 + 17.8 + 17.2 + 8.1 = 51.7 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 13. Master Trust Ltd (MASTERTR): 51/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 10.9/35 | Capital efficiency 18.5/25 | Valuation 15.1/20 | Relative strength 6.9/20 - Exact sum: 10.9 + 18.5 + 15.1 + 6.9 = 51.4 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 14. Algoquant Fintech Ltd (ALGOQUANT): 51/100 — Mixed-positive evidence; evidence 70% - Growth & earnings 11.4/35 | Capital efficiency 20.1/25 | Valuation 4.5/20 | Relative strength 14.6/20 - Exact sum: 11.4 + 20.1 + 4.5 + 14.6 = 50.6 - Decision use: Price leads the evidence: RS versus the benchmark is 11.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 15. Mufin Green Finance Ltd (MUFIN): 51/100 — Mixed-positive evidence; evidence 78% - Growth & earnings 22.4/35 | Capital efficiency 11.0/25 | Valuation 4.0/20 | Relative strength 13.1/20 - Exact sum: 22.4 + 11 + 4 + 13.1 = 50.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 16. PTL Enterprises Ltd (PTL): 50/100 — Mixed-positive evidence; evidence 73% - Growth & earnings 19.9/35 | Capital efficiency 13.7/25 | Valuation 6.7/20 | Relative strength 9.9/20 - Exact sum: 19.9 + 13.7 + 6.7 + 9.9 = 50.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 17. NBI Industrial Finance Company Ltd (NBIFIN): 49/100 — Mixed-negative evidence; evidence 65% - Growth & earnings 22.2/35 | Capital efficiency 7.4/25 | Valuation 3.7/20 | Relative strength 15.5/20 - Exact sum: 22.2 + 7.4 + 3.7 + 15.5 = 48.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 18. Industrial & Prudential Investment Company Ltd (INDPRUD): 48/100 — Mixed-negative evidence; evidence 76% - Growth & earnings 15.7/35 | Capital efficiency 15.4/25 | Valuation 6.0/20 | Relative strength 10.7/20 - Exact sum: 15.7 + 15.4 + 6 + 10.7 = 47.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 19. Finkurve Financial Services Ltd (FINKURVE): 45/100 — Mixed-negative evidence; evidence 73% - Growth & earnings 19.1/35 | Capital efficiency 15.8/25 | Valuation 6.0/20 | Relative strength 3.8/20 - Exact sum: 19.1 + 15.8 + 6 + 3.8 = 44.7 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 20. Grand Oak Canyons Distillery Ltd (GRANDOAK): 43/100 — Mixed-negative evidence; evidence 63% - Growth & earnings 22.7/35 | Capital efficiency 4.0/25 | Valuation 3.6/20 | Relative strength 13.1/20 - Exact sum: 22.7 + 4 + 3.6 + 13.1 = 43.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 21. Authum Investment & Infrastructure Ltd (AIIL): 43/100 — Mixed-negative evidence; evidence 64% - Growth & earnings 8.0/35 | Capital efficiency 14.9/25 | Valuation 6.5/20 | Relative strength 13.7/20 - Exact sum: 8 + 14.9 + 6.5 + 13.7 = 43.1 - Decision use: Price leads the evidence: RS versus the benchmark is -1.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 22. Crest Ventures Ltd (CREST): 43/100 — Mixed-negative evidence; evidence 82% - Growth & earnings 8.7/35 | Capital efficiency 12.0/25 | Valuation 7.8/20 | Relative strength 14.1/20 - Exact sum: 8.7 + 12 + 7.8 + 14.1 = 42.6 - Decision use: Price leads the evidence: RS versus the benchmark is 3.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 23. PNB Gilts Ltd (PNBGILTS): 42/100 — Mixed-negative evidence; evidence 80% - Growth & earnings 8.9/35 | Capital efficiency 9.7/25 | Valuation 15.0/20 | Relative strength 8.0/20 - Exact sum: 8.9 + 9.7 + 15 + 8 = 41.6 - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. 24. VLS Finance Ltd (VLSFINANCE): 40/100 — Mixed-negative evidence; evidence 67% - Growth & earnings 13.3/35 | Capital efficiency 7.4/25 | Valuation 4.8/20 | Relative strength 14.7/20 - Exact sum: 13.3 + 7.4 + 4.8 + 14.7 = 40.2 - Decision use: Price leads the evidence: RS versus the benchmark is 3.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 25. Capital India Finance Ltd (CIFL): 40/100 — Thin evidence · provisional; evidence 55% - Growth & earnings 17.5/35 | Capital efficiency 8.7/25 | Valuation 9.2/20 | Relative strength 4.5/20 - Exact sum: 17.5 + 8.7 + 9.2 + 4.5 = 39.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 26. The Investment Trust of India Ltd (THEINVEST): 36/100 — Mixed-negative evidence; evidence 67% - Growth & earnings 12.7/35 | Capital efficiency 11.4/25 | Valuation 8.6/20 | Relative strength 3.2/20 - Exact sum: 12.7 + 11.4 + 8.6 + 3.2 = 35.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 27. Nalwa Sons Investments Ltd (NSIL): 33/100 — Adverse evidence; evidence 63% - Growth & earnings 16.1/35 | Capital efficiency 5.9/25 | Valuation 5.1/20 | Relative strength 6.2/20 - Exact sum: 16.1 + 5.9 + 5.1 + 6.2 = 33.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 28. Prime Securities Ltd (PRIMESECU): 32/100 — Adverse evidence; evidence 86% - Growth & earnings 8.8/35 | Capital efficiency 13.2/25 | Valuation 3.1/20 | Relative strength 7.1/20 - Exact sum: 8.8 + 13.2 + 3.1 + 7.1 = 32.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 29. Oswal Green Tech Ltd (OSWALGREEN): 32/100 — Adverse evidence; evidence 64% - Growth & earnings 15.2/35 | Capital efficiency 8.0/25 | Valuation 8.0/20 | Relative strength 1.0/20 - Exact sum: 15.2 + 8 + 8 + 1 = 32.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 30. Systematix Corporate Services Ltd (SYSTMTXC): 30/100 — Adverse evidence; evidence 70% - Growth & earnings 9.8/35 | Capital efficiency 12.2/25 | Valuation 4.5/20 | Relative strength 3.0/20 - Exact sum: 9.8 + 12.2 + 4.5 + 3 = 29.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 31. Dhunseri Investments Ltd (DHUNINV): 28/100 — Adverse evidence; evidence 61% - Growth & earnings 13.8/35 | Capital efficiency 4.8/25 | Valuation 6.0/20 | Relative strength 3.7/20 - Exact sum: 13.8 + 4.8 + 6 + 3.7 = 28.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 32. Spice Lounge Food Works Ltd (SPICELOUNG): 41/100 — Thin evidence · provisional; evidence 34% - Growth & earnings 17.5/35 | Capital efficiency 10.9/25 | Valuation 3.2/20 | Relative strength 9.4/20 - Exact sum: 17.5 + 10.9 + 3.2 + 9.4 = 41 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 33. Eraaya Lifespaces Ltd (EBIX): 40/100 — Thin evidence · provisional; evidence 22% - Growth & earnings 17.5/35 | Capital efficiency 9.3/25 | Valuation 9.2/20 | Relative strength 3.6/20 - Exact sum: 17.5 + 9.3 + 9.2 + 3.6 = 39.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Income Scale & Growth Durability What the numbers say: Abans Financial Services Ltd is the scale leader at ₹23,928 crore, 735.5% ahead of Authum Investment & Infrastructure Ltd. Abans Financial Services Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 629.4% from a ₹23,928 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Abans Financial Services Ltd is the scale benchmark; Abans Financial Services Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Abans Financial Services Ltd's growth falls below Abans Financial Services Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Abans Financial Services Ltd · ₹23,928 crore | 735.5% versus #2 · Authum Investment & Infrastructure Ltd | 8/8 recent comparable periods | 33/33 companies · 463 observations Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year. ### Income — largest 1. Abans Financial Services Ltd (AFSL): ₹23.9K Cr 2. Authum Investment & Infrastructure Ltd (AIIL): ₹2.9K Cr 3. Balmer Lawrie Investment Ltd (BLIL): ₹2.7K Cr 4. Bengal & Assam Company Ltd (533095): ₹2.3K Cr 5. Eraaya Lifespaces Ltd (EBIX): ₹2.1K Cr — older report ### Income growth — fastest growers 1. Abans Financial Services Ltd (AFSL): 100% 2. Grand Oak Canyons Distillery Ltd (GRANDOAK): 100% 3. Saraswati Commercial (India) Ltd (ZSARACOM): 61% 4. NBI Industrial Finance Company Ltd (NBIFIN): 54% — older report 5. Finkurve Financial Services Ltd (FINKURVE): 46% ### 20-quarter Income history - 533095: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹4.2K Cr | Dec 2022 ₹4.0K Cr | Mar 2023 ₹4.1K Cr | Jun 2023 ₹4.2K Cr | Sep 2023 ₹4.4K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹523 Cr | Jun 2024 ₹528 Cr | Sep 2024 ₹590 Cr | Dec 2024 ₹489 Cr | Mar 2025 ₹521 Cr | Jun 2025 ₹573 Cr | Sep 2025 ₹642 Cr | Dec 2025 ₹531 Cr | Mar 2026 ₹630 Cr | Jun 2026 — - AIIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹124 Cr | Mar 2023 ₹-81 Cr | Jun 2023 ₹195 Cr | Sep 2023 ₹2.2K Cr | Dec 2023 ₹691 Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.4K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹617 Cr | Mar 2025 ₹1.5K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹605 Cr | Dec 2025 ₹478 Cr | Mar 2026 ₹311 Cr | Jun 2026 ₹1.5K Cr - NSIL: Sep 2021 ₹59 Cr | Dec 2021 ₹6 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹97 Cr | Dec 2022 ₹18 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹25 Cr | Sep 2023 ₹27 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹11 Cr | Jun 2024 ₹40 Cr | Sep 2024 ₹60 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹37 Cr | Sep 2025 ₹25 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹27 Cr | Jun 2026 — - MUFIN: Sep 2021 ₹6 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹4 Cr | Sep 2022 ₹7 Cr | Dec 2022 ₹11 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹27 Cr | Mar 2024 ₹32 Cr | Jun 2024 ₹37 Cr | Sep 2024 ₹46 Cr | Dec 2024 ₹49 Cr | Mar 2025 ₹50 Cr | Jun 2025 ₹49 Cr | Sep 2025 ₹53 Cr | Dec 2025 ₹53 Cr | Mar 2026 ₹65 Cr | Jun 2026 — - SPICELOUNG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹18 Cr | Dec 2024 ₹53 Cr | Mar 2025 ₹35 Cr | Jun 2025 ₹32 Cr | Sep 2025 ₹46 Cr | Dec 2025 ₹33 Cr | Mar 2026 — | Jun 2026 — - GRANDOAK: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹6 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹11 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹56 Cr | Jun 2024 ₹66 Cr | Sep 2024 ₹65 Cr | Dec 2024 ₹50 Cr | Mar 2025 ₹54 Cr | Jun 2025 ₹54 Cr | Sep 2025 ₹51 Cr | Dec 2025 ₹52 Cr | Mar 2026 ₹77 Cr | Jun 2026 — - PFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹194 Cr | Mar 2023 ₹194 Cr | Jun 2023 ₹190 Cr | Sep 2023 ₹190 Cr | Dec 2023 ₹204 Cr | Mar 2024 ₹176 Cr | Jun 2024 ₹161 Cr | Sep 2024 ₹163 Cr | Dec 2024 ₹158 Cr | Mar 2025 ₹153 Cr | Jun 2025 ₹142 Cr | Sep 2025 ₹132 Cr | Dec 2025 ₹122 Cr | Mar 2026 ₹119 Cr | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹8 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹8 Cr | Sep 2024 ₹19 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹26 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹19 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹37 Cr | Jun 2026 — - BLIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹516 Cr | Mar 2023 ₹610 Cr | Jun 2023 ₹594 Cr | Sep 2023 ₹587 Cr | Dec 2023 ₹587 Cr | Mar 2024 ₹579 Cr | Jun 2024 ₹641 Cr | Sep 2024 ₹642 Cr | Dec 2024 ₹633 Cr | Mar 2025 ₹611 Cr | Jun 2025 ₹683 Cr | Sep 2025 ₹638 Cr | Dec 2025 ₹659 Cr | Mar 2026 ₹746 Cr | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹297 Cr | Mar 2023 ₹310 Cr | Jun 2023 ₹443 Cr | Sep 2023 ₹347 Cr | Dec 2023 ₹385 Cr | Mar 2024 ₹474 Cr | Jun 2024 ₹440 Cr | Sep 2024 ₹501 Cr | Dec 2024 ₹362 Cr | Mar 2025 ₹419 Cr | Jun 2025 ₹563 Cr | Sep 2025 ₹443 Cr | Dec 2025 ₹425 Cr | Mar 2026 ₹424 Cr | Jun 2026 ₹455 Cr - ZSARACOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹12 Cr | Mar 2023 ₹-18 Cr | Jun 2023 ₹30 Cr | Sep 2023 ₹29 Cr | Dec 2023 ₹40 Cr | Mar 2024 ₹30 Cr | Jun 2024 ₹68 Cr | Sep 2024 ₹78 Cr | Dec 2024 ₹-45 Cr | Mar 2025 ₹-26 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹73 Cr | Dec 2025 ₹33 Cr | Mar 2026 ₹-16 Cr | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹7 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹44 Cr | Mar 2024 ₹54 Cr | Jun 2024 ₹40 Cr | Sep 2024 ₹94 Cr | Dec 2024 ₹66 Cr | Mar 2025 ₹60 Cr | Jun 2025 ₹22 Cr | Sep 2025 ₹80 Cr | Dec 2025 ₹42 Cr | Mar 2026 ₹35 Cr | Jun 2026 — - DOLATALGO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹60 Cr | Mar 2023 ₹30 Cr | Jun 2023 ₹47 Cr | Sep 2023 ₹86 Cr | Dec 2023 ₹99 Cr | Mar 2024 ₹144 Cr | Jun 2024 ₹152 Cr | Sep 2024 ₹146 Cr | Dec 2024 ₹119 Cr | Mar 2025 ₹114 Cr | Jun 2025 ₹111 Cr | Sep 2025 ₹59 Cr | Dec 2025 ₹108 Cr | Mar 2026 ₹126 Cr | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹3 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹2 Cr | Mar 2024 ₹1 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - CREST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹27 Cr | Mar 2023 ₹30 Cr | Jun 2023 ₹31 Cr | Sep 2023 ₹61 Cr | Dec 2023 ₹52 Cr | Mar 2024 ₹40 Cr | Jun 2024 ₹77 Cr | Sep 2024 ₹35 Cr | Dec 2024 ₹44 Cr | Mar 2025 ₹48 Cr | Jun 2025 ₹63 Cr | Sep 2025 ₹30 Cr | Dec 2025 ₹35 Cr | Mar 2026 ₹32 Cr | Jun 2026 — - MASTERTR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹87 Cr | Mar 2023 ₹91 Cr | Jun 2023 ₹92 Cr | Sep 2023 ₹120 Cr | Dec 2023 ₹124 Cr | Mar 2024 ₹164 Cr | Jun 2024 ₹160 Cr | Sep 2024 ₹154 Cr | Dec 2024 ₹148 Cr | Mar 2025 ₹122 Cr | Jun 2025 ₹132 Cr | Sep 2025 ₹127 Cr | Dec 2025 ₹137 Cr | Mar 2026 ₹181 Cr | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹13 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹259 Cr | Mar 2023 ₹572 Cr | Jun 2023 ₹252 Cr | Sep 2023 ₹365 Cr | Dec 2023 ₹506 Cr | Mar 2024 ₹252 Cr | Jun 2024 ₹296 Cr | Sep 2024 ₹641 Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹6.8K Cr | Dec 2025 ₹6.5K Cr | Mar 2026 ₹8.7K Cr | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹16 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹13 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹12 Cr | Jun 2025 ₹46 Cr | Sep 2025 ₹31 Cr | Dec 2025 ₹30 Cr | Mar 2026 ₹30 Cr | Jun 2026 ₹34 Cr - CONSOFINVT: Sep 2021 ₹11 Cr | Dec 2021 ₹7 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹2 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹403 Cr | Jun 2023 ₹14 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹15 Cr | Sep 2025 ₹18 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 — - FEDDERSHOL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹25 Cr | Mar 2023 ₹56 Cr | Jun 2023 ₹74 Cr | Sep 2023 ₹124 Cr | Dec 2023 ₹188 Cr | Mar 2024 ₹140 Cr | Jun 2024 ₹142 Cr | Sep 2024 ₹85 Cr | Dec 2024 ₹89 Cr | Mar 2025 ₹109 Cr | Jun 2025 ₹77 Cr | Sep 2025 ₹54 Cr | Dec 2025 ₹80 Cr | Mar 2026 ₹134 Cr | Jun 2026 — - FINKURVE: Sep 2021 ₹10 Cr | Dec 2021 ₹10 Cr | Mar 2022 ₹28 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 ₹14 Cr | Mar 2023 ₹17 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹23 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹23 Cr | Jun 2024 ₹28 Cr | Sep 2024 ₹32 Cr | Dec 2024 ₹40 Cr | Mar 2025 ₹40 Cr | Jun 2025 ₹40 Cr | Sep 2025 ₹48 Cr | Dec 2025 ₹52 Cr | Mar 2026 — | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹22 Cr | Mar 2023 ₹15 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹20 Cr | Dec 2023 ₹48 Cr | Mar 2024 ₹53 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹37 Cr | Dec 2024 ₹42 Cr | Mar 2025 ₹30 Cr | Jun 2025 ₹39 Cr | Sep 2025 ₹56 Cr | Dec 2025 ₹34 Cr | Mar 2026 ₹24 Cr | Jun 2026 — - VLSFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹80 Cr | Dec 2022 ₹71 Cr | Mar 2023 ₹-15 Cr | Jun 2023 ₹112 Cr | Sep 2023 ₹84 Cr | Dec 2023 ₹113 Cr | Mar 2024 ₹98 Cr | Jun 2024 ₹130 Cr | Sep 2024 ₹79 Cr | Dec 2024 ₹-58 Cr | Mar 2025 ₹-49 Cr | Jun 2025 ₹99 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹29 Cr | Mar 2026 ₹-99 Cr | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹162 Cr | Mar 2023 ₹160 Cr | Jun 2023 ₹175 Cr | Sep 2023 ₹176 Cr | Dec 2023 ₹165 Cr | Mar 2024 ₹167 Cr | Jun 2024 ₹158 Cr | Sep 2024 ₹143 Cr | Dec 2024 ₹135 Cr | Mar 2025 ₹139 Cr | Jun 2025 ₹123 Cr | Sep 2025 ₹132 Cr | Dec 2025 ₹147 Cr | Mar 2026 ₹125 Cr | Jun 2026 — - NBIFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹6 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹9 Cr | Dec 2025 ₹10 Cr | Mar 2026 — | Jun 2026 — - OSWALGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹5 Cr | Dec 2022 ₹4 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹11 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹25 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹17 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹11 Cr | Jun 2026 — - DHUNINV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹40 Cr | Mar 2023 ₹142 Cr | Jun 2023 ₹53 Cr | Sep 2023 ₹61 Cr | Dec 2023 ₹73 Cr | Mar 2024 ₹278 Cr | Jun 2024 ₹179 Cr | Sep 2024 ₹160 Cr | Dec 2024 ₹125 Cr | Mar 2025 ₹41 Cr | Jun 2025 ₹185 Cr | Sep 2025 ₹66 Cr | Dec 2025 ₹70 Cr | Mar 2026 ₹53 Cr | Jun 2026 — - EBIX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 ₹18 Cr | Mar 2024 — | Jun 2024 ₹2 Cr | Sep 2024 ₹209 Cr | Dec 2024 ₹666 Cr | Mar 2025 ₹604 Cr | Jun 2025 ₹609 Cr | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - PTL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹16 Cr | Mar 2023 ₹16 Cr | Jun 2023 ₹16 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹16 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹16 Cr | Dec 2024 ₹16 Cr | Mar 2025 ₹16 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹16 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹16 Cr | Jun 2026 — - THEINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹67 Cr | Mar 2023 ₹78 Cr | Jun 2023 ₹58 Cr | Sep 2023 ₹77 Cr | Dec 2023 ₹67 Cr | Mar 2024 ₹86 Cr | Jun 2024 ₹71 Cr | Sep 2024 ₹111 Cr | Dec 2024 ₹77 Cr | Mar 2025 ₹94 Cr | Jun 2025 ₹70 Cr | Sep 2025 ₹79 Cr | Dec 2025 ₹82 Cr | Mar 2026 ₹53 Cr | Jun 2026 — - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹31 Cr | Mar 2023 ₹34 Cr | Jun 2023 ₹35 Cr | Sep 2023 ₹38 Cr | Dec 2023 ₹45 Cr | Mar 2024 ₹47 Cr | Jun 2024 ₹51 Cr | Sep 2024 ₹54 Cr | Dec 2024 ₹53 Cr | Mar 2025 ₹57 Cr | Jun 2025 ₹59 Cr | Sep 2025 ₹64 Cr | Dec 2025 ₹64 Cr | Mar 2026 ₹69 Cr | Jun 2026 — ### 20-quarter Income growth history - 533095: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 3.5% | Dec 2023 -5.4% | Mar 2024 -87% | Jun 2024 -88% | Sep 2024 -87% | Dec 2024 -87% | Mar 2025 -0.4% | Jun 2025 8.5% | Sep 2025 8.8% | Dec 2025 8.6% | Mar 2026 21% | Jun 2026 — - AIIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 457% | Mar 2024 — | Jun 2024 627% | Sep 2024 -49% | Dec 2024 -11% | Mar 2025 8.4% | Jun 2025 -14% | Sep 2025 -45% | Dec 2025 -23% | Mar 2026 -79% | Jun 2026 21% - NSIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -50% | Sep 2022 64% | Dec 2022 202% | Mar 2023 -20% | Jun 2023 215% | Sep 2023 -73% | Dec 2023 42% | Mar 2024 14% | Jun 2024 58% | Sep 2024 124% | Dec 2024 -47% | Mar 2025 12% | Jun 2025 -6.5% | Sep 2025 -59% | Dec 2025 -12% | Mar 2026 123% | Jun 2026 — - MUFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -43% | Sep 2022 17% | Dec 2022 450% | Mar 2023 1,300% | Jun 2023 375% | Sep 2023 200% | Dec 2023 145% | Mar 2024 129% | Jun 2024 95% | Sep 2024 119% | Dec 2024 81% | Mar 2025 56% | Jun 2025 32% | Sep 2025 15% | Dec 2025 8.2% | Mar 2026 30% | Jun 2026 — - SPICELOUNG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 157% | Dec 2025 -37% | Mar 2026 — | Jun 2026 — - GRANDOAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.0% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 648% | Mar 2024 — | Jun 2024 516% | Sep 2024 488% | Dec 2024 16% | Mar 2025 -3.6% | Jun 2025 -18% | Sep 2025 -22% | Dec 2025 4.0% | Mar 2026 43% | Jun 2026 — - PFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 5.2% | Mar 2024 -9.3% | Jun 2024 -15% | Sep 2024 -14% | Dec 2024 -23% | Mar 2025 -13% | Jun 2025 -12% | Sep 2025 -19% | Dec 2025 -23% | Mar 2026 -22% | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 13% | Mar 2024 160% | Jun 2024 33% | Sep 2024 27% | Dec 2024 0.0% | Mar 2025 100% | Jun 2025 13% | Sep 2025 0.0% | Dec 2025 11% | Mar 2026 42% | Jun 2026 — - BLIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 14% | Mar 2024 -5.1% | Jun 2024 7.9% | Sep 2024 9.4% | Dec 2024 7.8% | Mar 2025 5.5% | Jun 2025 6.6% | Sep 2025 -0.6% | Dec 2025 4.1% | Mar 2026 22% | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 30% | Mar 2024 53% | Jun 2024 -0.7% | Sep 2024 44% | Dec 2024 -6.0% | Mar 2025 -12% | Jun 2025 28% | Sep 2025 -12% | Dec 2025 17% | Mar 2026 1.2% | Jun 2026 -19% - ZSARACOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 233% | Mar 2024 — | Jun 2024 127% | Sep 2024 169% | Dec 2024 -213% | Mar 2025 -187% | Jun 2025 -54% | Sep 2025 -6.4% | Dec 2025 — | Mar 2026 — | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 4,457% | Mar 2024 662% | Jun 2024 646% | Sep 2024 3,973% | Dec 2024 50% | Mar 2025 11% | Jun 2025 -45% | Sep 2025 -15% | Dec 2025 -36% | Mar 2026 -42% | Jun 2026 — - DOLATALGO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 65% | Mar 2024 380% | Jun 2024 223% | Sep 2024 70% | Dec 2024 20% | Mar 2025 -21% | Jun 2025 -27% | Sep 2025 -60% | Dec 2025 -9.2% | Mar 2026 11% | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -33% | Mar 2024 0.0% | Jun 2024 -50% | Sep 2024 100% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 200% | Sep 2025 -50% | Dec 2025 -50% | Mar 2026 -100% | Jun 2026 — - CREST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 91% | Mar 2024 32% | Jun 2024 149% | Sep 2024 -42% | Dec 2024 -15% | Mar 2025 20% | Jun 2025 -18% | Sep 2025 -17% | Dec 2025 -22% | Mar 2026 -33% | Jun 2026 — - MASTERTR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 43% | Mar 2024 80% | Jun 2024 74% | Sep 2024 28% | Dec 2024 19% | Mar 2025 -26% | Jun 2025 -18% | Sep 2025 -18% | Dec 2025 -7.4% | Mar 2026 48% | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 2.2% | Jun 2024 -25% | Sep 2024 87% | Dec 2024 0.0% | Mar 2025 -0.3% | Jun 2025 21% | Sep 2025 19% | Dec 2025 5,633% | Mar 2026 -98% | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 95% | Mar 2024 -56% | Jun 2024 18% | Sep 2024 75% | Dec 2024 153% | Mar 2025 321% | Jun 2025 540% | Sep 2025 965% | Dec 2025 407% | Mar 2026 719% | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 13% | Mar 2024 6.8% | Jun 2024 41% | Sep 2024 94% | Dec 2024 18% | Mar 2025 -3.8% | Jun 2025 59% | Sep 2025 4.7% | Dec 2025 42% | Mar 2026 145% | Jun 2026 -27% - CONSOFINVT: Sep 2021 120% | Dec 2021 17% | Mar 2022 — | Jun 2022 — | Sep 2022 -82% | Dec 2022 -57% | Mar 2023 — | Jun 2023 — | Sep 2023 600% | Dec 2023 367% | Mar 2024 -99% | Jun 2024 0.0% | Sep 2024 21% | Dec 2024 0.0% | Mar 2025 233% | Jun 2025 7.1% | Sep 2025 5.9% | Dec 2025 — | Mar 2026 — | Jun 2026 — - FEDDERSHOL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 652% | Mar 2024 150% | Jun 2024 92% | Sep 2024 -31% | Dec 2024 -53% | Mar 2025 -22% | Jun 2025 -46% | Sep 2025 -36% | Dec 2025 -10% | Mar 2026 23% | Jun 2026 — - FINKURVE: Sep 2021 45% | Dec 2021 84% | Mar 2022 212% | Jun 2022 — | Sep 2022 — | Dec 2022 38% | Mar 2023 -38% | Jun 2023 — | Sep 2023 — | Dec 2023 68% | Mar 2024 35% | Jun 2024 42% | Sep 2024 38% | Dec 2024 69% | Mar 2025 73% | Jun 2025 40% | Sep 2025 51% | Dec 2025 30% | Mar 2026 — | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 120% | Mar 2024 253% | Jun 2024 61% | Sep 2024 85% | Dec 2024 -13% | Mar 2025 -43% | Jun 2025 34% | Sep 2025 51% | Dec 2025 -19% | Mar 2026 -20% | Jun 2026 — - VLSFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 5.2% | Dec 2023 59% | Mar 2024 — | Jun 2024 16% | Sep 2024 -6.0% | Dec 2024 -151% | Mar 2025 -150% | Jun 2025 -24% | Sep 2025 -86% | Dec 2025 — | Mar 2026 — | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2.1% | Mar 2024 4.8% | Jun 2024 -9.6% | Sep 2024 -19% | Dec 2024 -18% | Mar 2025 -17% | Jun 2025 -23% | Sep 2025 -7.7% | Dec 2025 8.9% | Mar 2026 -10% | Jun 2026 — - NBIFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 100% | Mar 2024 72% | Jun 2024 -92% | Sep 2024 793% | Dec 2024 -48% | Mar 2025 -25% | Jun 2025 -6.7% | Sep 2025 27% | Dec 2025 1,435% | Mar 2026 — | Jun 2026 — - OSWALGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 106% | Dec 2023 133% | Mar 2024 400% | Jun 2024 129% | Sep 2024 36% | Dec 2024 50% | Mar 2025 -20% | Jun 2025 25% | Sep 2025 13% | Dec 2025 -67% | Mar 2026 -45% | Jun 2026 — - DHUNINV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 85% | Mar 2024 97% | Jun 2024 237% | Sep 2024 163% | Dec 2024 71% | Mar 2025 -85% | Jun 2025 3.7% | Sep 2025 -59% | Dec 2025 -44% | Mar 2026 29% | Jun 2026 — - EBIX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 3,600% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - PTL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -0.6% | Mar 2024 0.0% | Jun 2024 0.0% | Sep 2024 0.0% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 0.0% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 — - THEINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -0.3% | Mar 2024 10% | Jun 2024 22% | Sep 2024 45% | Dec 2024 15% | Mar 2025 8.7% | Jun 2025 -1.0% | Sep 2025 -29% | Dec 2025 6.9% | Mar 2026 -43% | Jun 2026 — - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 45% | Mar 2024 38% | Jun 2024 46% | Sep 2024 42% | Dec 2024 18% | Mar 2025 21% | Jun 2025 16% | Sep 2025 19% | Dec 2025 21% | Mar 2026 21% | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Authum Investment & Infrastructure Ltd leads with ₹2,094 crore of TTM profit, 140.4% above Bengal & Assam Company Ltd. Fedders Holding Ltd shows ≥100% on the scoring scale (139.5% uncapped) growth from a ₹91 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Authum Investment & Infrastructure 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. Evidence: Authum Investment & Infrastructure Ltd · ₹2,094 crore | 140.4% versus #2 · Bengal & Assam Company Ltd | 2/8 recent comparable periods | 33/33 companies · 470 observations Definition: 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 profit — largest 1. Authum Investment & Infrastructure Ltd (AIIL): ₹2.1K Cr 2. Bengal & Assam Company Ltd (533095): ₹871 Cr 3. PTC India Financial Services Ltd (PFS): ₹320 Cr 4. BF Investment Ltd (BFINVEST): ₹281 Cr 5. Balmer Lawrie Investment Ltd (BLIL): ₹278 Cr ### Profit growth — fastest growers 1. Fedders Holding Ltd (FEDDERSHOL): 100% 2. NBI Industrial Finance Company Ltd (NBIFIN): 61% — older report 3. PTC India Financial Services Ltd (PFS): 48% 4. Mufin Green Finance Ltd (MUFIN): 42% 5. PTL Enterprises Ltd (PTL): 28% ### 20-quarter Net profit history - 533095: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹210 Cr | Dec 2022 ₹272 Cr | Mar 2023 ₹345 Cr | Jun 2023 ₹378 Cr | Sep 2023 ₹437 Cr | Dec 2023 ₹3.1K Cr | Mar 2024 ₹317 Cr | Jun 2024 ₹256 Cr | Sep 2024 ₹128 Cr | Dec 2024 ₹140 Cr | Mar 2025 ₹231 Cr | Jun 2025 ₹258 Cr | Sep 2025 ₹226 Cr | Dec 2025 ₹156 Cr | Mar 2026 ₹204 Cr | Jun 2026 — - AIIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹2.1K Cr | Mar 2023 ₹1.9K Cr | Jun 2023 ₹195 Cr | Sep 2023 ₹1.9K Cr | Dec 2023 ₹601 Cr | Mar 2024 ₹1.5K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹843 Cr | Dec 2024 ₹539 Cr | Mar 2025 ₹1.8K Cr | Jun 2025 ₹943 Cr | Sep 2025 ₹767 Cr | Dec 2025 ₹161 Cr | Mar 2026 ₹58 Cr | Jun 2026 ₹1.1K Cr - NSIL: Sep 2021 ₹39 Cr | Dec 2021 ₹8 Cr | Mar 2022 ₹7 Cr | Jun 2022 ₹7 Cr | Sep 2022 ₹72 Cr | Dec 2022 ₹6 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹17 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹35 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹-26 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹18 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹6 Cr | Jun 2026 — - MUFIN: Sep 2021 ₹6 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹-1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹11 Cr | Jun 2026 — - SPICELOUNG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹1 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹-4 Cr | Jun 2025 ₹-1 Cr | Sep 2025 ₹3 Cr | Dec 2025 ₹2 Cr | Mar 2026 — | Jun 2026 — - GRANDOAK: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹-5 Cr | Dec 2024 ₹-0 Cr | Mar 2025 ₹-0 Cr | Jun 2025 ₹-0 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹2 Cr | Mar 2023 ₹-7 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹4 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹6 Cr | Mar 2026 ₹17 Cr | Jun 2026 — - PFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹36 Cr | Mar 2023 ₹36 Cr | Jun 2023 ₹37 Cr | Sep 2023 ₹60 Cr | Dec 2023 ₹50 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹44 Cr | Sep 2024 ₹47 Cr | Dec 2024 ₹67 Cr | Mar 2025 ₹58 Cr | Jun 2025 ₹137 Cr | Sep 2025 ₹88 Cr | Dec 2025 ₹49 Cr | Mar 2026 ₹46 Cr | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹59 Cr | Mar 2023 ₹114 Cr | Jun 2023 ₹56 Cr | Sep 2023 ₹69 Cr | Dec 2023 ₹58 Cr | Mar 2024 ₹250 Cr | Jun 2024 ₹183 Cr | Sep 2024 ₹36 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹38 Cr | Sep 2025 ₹40 Cr | Dec 2025 ₹89 Cr | Mar 2026 ₹114 Cr | Jun 2026 — - BLIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹37 Cr | Mar 2023 ₹44 Cr | Jun 2023 ₹57 Cr | Sep 2023 ₹64 Cr | Dec 2023 ₹68 Cr | Mar 2024 ₹75 Cr | Jun 2024 ₹65 Cr | Sep 2024 ₹63 Cr | Dec 2024 ₹64 Cr | Mar 2025 ₹75 Cr | Jun 2025 ₹69 Cr | Sep 2025 ₹57 Cr | Dec 2025 ₹67 Cr | Mar 2026 ₹85 Cr | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹6 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹58 Cr | Sep 2023 ₹-41 Cr | Dec 2023 ₹-15 Cr | Mar 2024 ₹68 Cr | Jun 2024 ₹53 Cr | Sep 2024 ₹115 Cr | Dec 2024 ₹-10 Cr | Mar 2025 ₹75 Cr | Jun 2025 ₹160 Cr | Sep 2025 ₹-45 Cr | Dec 2025 ₹54 Cr | Mar 2026 ₹13 Cr | Jun 2026 ₹81 Cr - ZSARACOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹8 Cr | Mar 2023 ₹-17 Cr | Jun 2023 ₹24 Cr | Sep 2023 ₹24 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹22 Cr | Jun 2024 ₹52 Cr | Sep 2024 ₹63 Cr | Dec 2024 ₹-39 Cr | Mar 2025 ₹-23 Cr | Jun 2025 ₹24 Cr | Sep 2025 ₹60 Cr | Dec 2025 ₹25 Cr | Mar 2026 ₹-16 Cr | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹20 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹19 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹15 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹-21 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹13 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹7 Cr | Jun 2026 — - DOLATALGO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹30 Cr | Mar 2023 ₹6 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹35 Cr | Dec 2023 ₹42 Cr | Mar 2024 ₹68 Cr | Jun 2024 ₹72 Cr | Sep 2024 ₹67 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹40 Cr | Jun 2025 ₹39 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹39 Cr | Mar 2026 ₹47 Cr | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹10 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹10 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹12 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹11 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹16 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹17 Cr | Dec 2025 ₹16 Cr | Mar 2026 ₹17 Cr | Jun 2026 — - CREST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹9 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹32 Cr | Dec 2023 ₹12 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹50 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹26 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹9 Cr | Jun 2026 — - MASTERTR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹19 Cr | Mar 2023 ₹17 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹23 Cr | Dec 2023 ₹28 Cr | Mar 2024 ₹38 Cr | Jun 2024 ₹35 Cr | Sep 2024 ₹37 Cr | Dec 2024 ₹35 Cr | Mar 2025 ₹25 Cr | Jun 2025 ₹27 Cr | Sep 2025 ₹31 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹36 Cr | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹10 Cr | Jun 2023 ₹0 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹6 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹10 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹13 Cr | Mar 2026 ₹1 Cr | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹15 Cr | Mar 2023 ₹23 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹23 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹27 Cr | Mar 2025 ₹30 Cr | Jun 2025 ₹33 Cr | Sep 2025 ₹42 Cr | Dec 2025 ₹34 Cr | Mar 2026 ₹-4 Cr | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹4 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹12 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹1 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹-13 Cr | Jun 2026 ₹2 Cr - CONSOFINVT: Sep 2021 ₹53 Cr | Dec 2021 ₹57 Cr | Mar 2022 — | Jun 2022 — | Sep 2022 ₹-3 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹304 Cr | Jun 2023 ₹10 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹10 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹23 Cr | Sep 2024 ₹47 Cr | Dec 2024 ₹15 Cr | Mar 2025 ₹23 Cr | Jun 2025 ₹13 Cr | Sep 2025 ₹16 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 — - FEDDERSHOL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹2 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹34 Cr | Dec 2023 ₹42 Cr | Mar 2024 ₹12 Cr | Jun 2024 ₹20 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹37 Cr | Mar 2026 ₹24 Cr | Jun 2026 — - FINKURVE: Sep 2021 ₹2 Cr | Dec 2021 ₹-1 Cr | Mar 2022 ₹17 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 ₹4 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹7 Cr | Mar 2026 — | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹6 Cr | Mar 2023 ₹-1 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹23 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹19 Cr | Mar 2025 ₹3 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹-12 Cr | Jun 2026 — - VLSFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹62 Cr | Dec 2022 ₹53 Cr | Mar 2023 ₹-16 Cr | Jun 2023 ₹92 Cr | Sep 2023 ₹70 Cr | Dec 2023 ₹88 Cr | Mar 2024 ₹74 Cr | Jun 2024 ₹93 Cr | Sep 2024 ₹51 Cr | Dec 2024 ₹-58 Cr | Mar 2025 ₹-40 Cr | Jun 2025 ₹71 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹18 Cr | Mar 2026 ₹-75 Cr | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹-22 Cr | Mar 2023 ₹-24 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹-5 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-4 Cr | Jun 2024 ₹-6 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹-2 Cr | Mar 2025 ₹-3 Cr | Jun 2025 ₹-6 Cr | Sep 2025 ₹45 Cr | Dec 2025 ₹-5 Cr | Mar 2026 ₹-3 Cr | Jun 2026 — - NBIFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹-0 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹-0 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹6 Cr | Mar 2026 — | Jun 2026 — - OSWALGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹13 Cr | Dec 2022 ₹8 Cr | Mar 2023 ₹5 Cr | Jun 2023 ₹9 Cr | Sep 2023 ₹-3 Cr | Dec 2023 ₹-3 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹7 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹-83 Cr | Jun 2026 — - DHUNINV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹90 Cr | Mar 2023 ₹45 Cr | Jun 2023 ₹41 Cr | Sep 2023 ₹79 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹-4 Cr | Jun 2024 ₹77 Cr | Sep 2024 ₹83 Cr | Dec 2024 ₹89 Cr | Mar 2025 ₹-109 Cr | Jun 2025 ₹77 Cr | Sep 2025 ₹-33 Cr | Dec 2025 ₹-1 Cr | Mar 2026 ₹4 Cr | Jun 2026 — - EBIX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 ₹0 Cr | Mar 2024 — | Jun 2024 ₹1 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹-325 Cr | Jun 2025 ₹-24 Cr | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - PTL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹6 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹15 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹13 Cr | Jun 2026 — - THEINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹0 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹13 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹13 Cr | Mar 2026 ₹6 Cr | Jun 2026 — - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹12 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹13 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹17 Cr | Mar 2024 ₹19 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹19 Cr | Jun 2025 ₹21 Cr | Sep 2025 ₹24 Cr | Dec 2025 ₹21 Cr | Mar 2026 ₹19 Cr | Jun 2026 — ### 20-quarter Profit growth history - 533095: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 108% | Dec 2023 1,026% | Mar 2024 -8.1% | Jun 2024 -32% | Sep 2024 -71% | Dec 2024 -95% | Mar 2025 -27% | Jun 2025 0.8% | Sep 2025 77% | Dec 2025 11% | Mar 2026 -12% | Jun 2026 — - AIIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -71% | Mar 2024 -21% | Jun 2024 463% | Sep 2024 -57% | Dec 2024 -10% | Mar 2025 15% | Jun 2025 -14% | Sep 2025 -9.0% | Dec 2025 -70% | Mar 2026 -97% | Jun 2026 18% - NSIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -36% | Sep 2022 85% | Dec 2022 -31% | Mar 2023 -20% | Jun 2023 137% | Sep 2023 -71% | Dec 2023 211% | Mar 2024 -69% | Jun 2024 76% | Sep 2024 70% | Dec 2024 -53% | Mar 2025 -1,611% | Jun 2025 -12% | Sep 2025 -49% | Dec 2025 -8.1% | Mar 2026 — | Jun 2026 — - MUFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -83% | Sep 2022 -67% | Dec 2022 100% | Mar 2023 — | Jun 2023 300% | Sep 2023 100% | Dec 2023 150% | Mar 2024 33% | Jun 2024 0.0% | Sep 2024 50% | Dec 2024 20% | Mar 2025 -25% | Jun 2025 -25% | Sep 2025 0.0% | Dec 2025 17% | Mar 2026 267% | Jun 2026 — - SPICELOUNG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 310% | Dec 2025 -71% | Mar 2026 — | Jun 2026 — - GRANDOAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -300% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 291% | Mar 2024 — | Jun 2024 2,879% | Sep 2024 2,691% | Dec 2024 -29% | Mar 2025 -83% | Jun 2025 -71% | Sep 2025 -50% | Dec 2025 20% | Mar 2026 1,600% | Jun 2026 — - PFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 39% | Mar 2024 -61% | Jun 2024 19% | Sep 2024 -22% | Dec 2024 34% | Mar 2025 314% | Jun 2025 211% | Sep 2025 87% | Dec 2025 -27% | Mar 2026 -21% | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -1.7% | Mar 2024 119% | Jun 2024 227% | Sep 2024 -48% | Dec 2024 -88% | Mar 2025 -101% | Jun 2025 -79% | Sep 2025 11% | Dec 2025 1,171% | Mar 2026 — | Jun 2026 — - BLIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 84% | Mar 2024 70% | Jun 2024 14% | Sep 2024 -1.6% | Dec 2024 -5.9% | Mar 2025 0.0% | Jun 2025 6.2% | Sep 2025 -9.5% | Dec 2025 4.7% | Mar 2026 13% | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -350% | Mar 2024 423% | Jun 2024 -8.6% | Sep 2024 — | Dec 2024 — | Mar 2025 10% | Jun 2025 202% | Sep 2025 -139% | Dec 2025 — | Mar 2026 -83% | Jun 2026 -49% - ZSARACOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 313% | Mar 2024 — | Jun 2024 117% | Sep 2024 163% | Dec 2024 -218% | Mar 2025 -205% | Jun 2025 -54% | Sep 2025 -4.8% | Dec 2025 — | Mar 2026 — | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2,363% | Mar 2024 -41% | Jun 2024 238% | Sep 2024 5,724% | Dec 2024 -93% | Mar 2025 -279% | Jun 2025 -86% | Sep 2025 -11% | Dec 2025 436% | Mar 2026 — | Jun 2026 — - DOLATALGO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 40% | Mar 2024 1,033% | Jun 2024 454% | Sep 2024 91% | Dec 2024 -9.5% | Mar 2025 -41% | Jun 2025 -46% | Sep 2025 -93% | Dec 2025 2.6% | Mar 2026 18% | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 20% | Mar 2024 -14% | Jun 2024 10% | Sep 2024 13% | Dec 2024 25% | Mar 2025 33% | Jun 2025 27% | Sep 2025 -5.6% | Dec 2025 6.7% | Mar 2026 6.3% | Jun 2026 — - CREST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 37% | Mar 2024 -3.8% | Jun 2024 752% | Sep 2024 -44% | Dec 2024 18% | Mar 2025 -33% | Jun 2025 -48% | Sep 2025 -79% | Dec 2025 -32% | Mar 2026 8.1% | Jun 2026 — - MASTERTR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 47% | Mar 2024 124% | Jun 2024 84% | Sep 2024 61% | Dec 2024 25% | Mar 2025 -34% | Jun 2025 -23% | Sep 2025 -16% | Dec 2025 -8.6% | Mar 2026 44% | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 3.1% | Jun 2024 -61% | Sep 2024 91% | Dec 2024 -10% | Mar 2025 0.2% | Jun 2025 289% | Sep 2025 16% | Dec 2025 13,878% | Mar 2026 -95% | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 59% | Mar 2024 -6.2% | Jun 2024 16% | Sep 2024 17% | Dec 2024 13% | Mar 2025 42% | Jun 2025 35% | Sep 2025 53% | Dec 2025 27% | Mar 2026 -112% | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 105% | Mar 2024 -59% | Jun 2024 141% | Sep 2024 335% | Dec 2024 3.4% | Mar 2025 -53% | Jun 2025 -13% | Sep 2025 -20% | Dec 2025 -74% | Mar 2026 -1,817% | Jun 2026 -81% - CONSOFINVT: Sep 2021 -29% | Dec 2021 9.6% | Mar 2022 — | Jun 2022 — | Sep 2022 -106% | Dec 2022 -82% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.0% | Mar 2024 -95% | Jun 2024 130% | Sep 2024 370% | Dec 2024 50% | Mar 2025 44% | Jun 2025 -43% | Sep 2025 -66% | Dec 2025 — | Mar 2026 — | Jun 2026 — - FEDDERSHOL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2,000% | Mar 2024 0.0% | Jun 2024 300% | Sep 2024 -79% | Dec 2024 -90% | Mar 2025 -42% | Jun 2025 -20% | Sep 2025 100% | Dec 2025 825% | Mar 2026 243% | Jun 2026 — - FINKURVE: Sep 2021 -38% | Dec 2021 — | Mar 2022 1,691% | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -87% | Jun 2023 — | Sep 2023 — | Dec 2023 12% | Mar 2024 116% | Jun 2024 131% | Sep 2024 -20% | Dec 2024 15% | Mar 2025 -20% | Jun 2025 16% | Sep 2025 71% | Dec 2025 24% | Mar 2026 — | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 309% | Mar 2024 — | Jun 2024 -50% | Sep 2024 1,000% | Dec 2024 -21% | Mar 2025 -87% | Jun 2025 400% | Sep 2025 -36% | Dec 2025 -95% | Mar 2026 -500% | Jun 2026 — - VLSFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 13% | Dec 2023 66% | Mar 2024 — | Jun 2024 1.1% | Sep 2024 -27% | Dec 2024 -166% | Mar 2025 -154% | Jun 2025 -24% | Sep 2025 -86% | Dec 2025 — | Mar 2026 — | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 -231% | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 7,348% | Dec 2025 — | Mar 2026 — | Jun 2026 — - NBIFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 1,467% | Mar 2024 103% | Jun 2024 -108% | Sep 2024 2,656% | Dec 2024 -28% | Mar 2025 -28% | Jun 2025 — | Sep 2025 37% | Dec 2025 1,809% | Mar 2026 — | Jun 2026 — - OSWALGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -123% | Dec 2023 -136% | Mar 2024 -40% | Jun 2024 -44% | Sep 2024 — | Dec 2024 — | Mar 2025 -133% | Jun 2025 40% | Sep 2025 50% | Dec 2025 800% | Mar 2026 — | Jun 2026 — - DHUNINV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -101% | Mar 2024 -109% | Jun 2024 89% | Sep 2024 5.2% | Dec 2024 — | Mar 2025 — | Jun 2025 0.5% | Sep 2025 -140% | Dec 2025 -101% | Mar 2026 — | Jun 2026 — - EBIX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 -2,500% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - PTL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -16% | Mar 2024 200% | Jun 2024 67% | Sep 2024 40% | Dec 2024 60% | Mar 2025 50% | Jun 2025 80% | Sep 2025 7.1% | Dec 2025 13% | Mar 2026 44% | Jun 2026 — - THEINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -65% | Jun 2024 — | Sep 2024 98% | Dec 2024 -7.0% | Mar 2025 49% | Jun 2025 -21% | Sep 2025 -73% | Dec 2025 123% | Mar 2026 -11% | Jun 2026 — - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 42% | Mar 2024 58% | Jun 2024 38% | Sep 2024 20% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 17% | Sep 2025 33% | Dec 2025 24% | Mar 2026 0.0% | Jun 2026 — ## Funding Base & Its Composition What the numbers say: There is not enough comparable evidence to name a reliable deposits leader. 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 borrowings signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/33 companies · 0 observations Definition: 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. ### Deposits — largest deposit bases ### Borrowings — largest borrowings 1. PNB Gilts Ltd (PNBGILTS): ₹25.3K Cr 2. Authum Investment & Infrastructure Ltd (AIIL): ₹3.3K Cr 3. Grand Oak Canyons Distillery Ltd (GRANDOAK): ₹2.7K Cr 4. PTC India Financial Services Ltd (PFS): ₹1.8K Cr 5. Mufin Green Finance Ltd (MUFIN): ₹1.4K Cr ### 20-quarter Deposits history ### 20-quarter Borrowings history - 533095: Sep 2021 — | Dec 2021 — | Mar 2022 ₹5.5K Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹5.2K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹422 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹556 Cr | Jun 2025 — | Sep 2025 ₹559 Cr | Dec 2025 — | Mar 2026 ₹642 Cr | Jun 2026 — - AIIL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹871 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹1.7K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹1.1K Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1.1K Cr | Jun 2025 — | Sep 2025 ₹3.0K Cr | Dec 2025 — | Mar 2026 ₹3.3K Cr | Jun 2026 — - NSIL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹1 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹3 Cr | Jun 2026 — - MUFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹44 Cr | Dec 2022 ₹44 Cr | Mar 2023 ₹228 Cr | Jun 2023 ₹228 Cr | Sep 2023 ₹399 Cr | Dec 2023 ₹399 Cr | Mar 2024 ₹640 Cr | Jun 2024 ₹640 Cr | Sep 2024 ₹678 Cr | Dec 2024 ₹678 Cr | Mar 2025 ₹714 Cr | Jun 2025 ₹714 Cr | Sep 2025 ₹863 Cr | Dec 2025 ₹863 Cr | Mar 2026 ₹1.4K Cr | Jun 2026 — - SPICELOUNG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹71 Cr | Jun 2025 — | Sep 2025 ₹115 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 — - GRANDOAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹0 Cr | Dec 2022 ₹0 Cr | Mar 2023 — | Jun 2023 — | Sep 2023 ₹1 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.0K Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.0K Cr | Mar 2025 ₹2.7K Cr | Jun 2025 ₹2.7K Cr | Sep 2025 ₹2.7K Cr | Dec 2025 ₹2.7K Cr | Mar 2026 ₹2.7K Cr | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 ₹1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹30 Cr | Jun 2023 ₹30 Cr | Sep 2023 ₹25 Cr | Dec 2023 ₹25 Cr | Mar 2024 ₹65 Cr | Jun 2024 ₹24 Cr | Sep 2024 ₹32 Cr | Dec 2024 ₹32 Cr | Mar 2025 ₹34 Cr | Jun 2025 ₹34 Cr | Sep 2025 ₹27 Cr | Dec 2025 ₹27 Cr | Mar 2026 ₹34 Cr | Jun 2026 — - PFS: Sep 2021 ₹7.2K Cr | Dec 2021 ₹7.2K Cr | Mar 2022 ₹7.1K Cr | Jun 2022 ₹7.1K Cr | Sep 2022 ₹5.6K Cr | Dec 2022 — | Mar 2023 ₹5.1K Cr | Jun 2023 ₹5.1K Cr | Sep 2023 ₹4.8K Cr | Dec 2023 — | Mar 2024 ₹3.9K Cr | Jun 2024 ₹3.9K Cr | Sep 2024 ₹3.3K Cr | Dec 2024 ₹3.3K Cr | Mar 2025 ₹2.9K Cr | Jun 2025 ₹2.9K Cr | Sep 2025 ₹2.3K Cr | Dec 2025 ₹2.3K Cr | Mar 2026 ₹1.8K Cr | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 — - BLIL: Sep 2021 ₹119 Cr | Dec 2021 ₹119 Cr | Mar 2022 ₹122 Cr | Jun 2022 ₹122 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹121 Cr | Jun 2023 ₹121 Cr | Sep 2023 ₹127 Cr | Dec 2023 ₹127 Cr | Mar 2024 ₹113 Cr | Jun 2024 ₹113 Cr | Sep 2024 ₹124 Cr | Dec 2024 ₹124 Cr | Mar 2025 ₹106 Cr | Jun 2025 ₹106 Cr | Sep 2025 ₹237 Cr | Dec 2025 ₹237 Cr | Mar 2026 ₹220 Cr | Jun 2026 — - PNBGILTS: Sep 2021 ₹18.5K Cr | Dec 2021 ₹18.5K Cr | Mar 2022 ₹14.5K Cr | Jun 2022 ₹15.3K Cr | Sep 2022 ₹17.6K Cr | Dec 2022 ₹17.6K Cr | Mar 2023 ₹19.2K Cr | Jun 2023 ₹20.2K Cr | Sep 2023 ₹23.0K Cr | Dec 2023 ₹23.0K Cr | Mar 2024 ₹22.4K Cr | Jun 2024 ₹22.9K Cr | Sep 2024 ₹21.7K Cr | Dec 2024 ₹21.7K Cr | Mar 2025 ₹22.4K Cr | Jun 2025 ₹23.1K Cr | Sep 2025 ₹24.8K Cr | Dec 2025 ₹25.6K Cr | Mar 2026 ₹24.9K Cr | Jun 2026 ₹25.3K Cr - ZSARACOM: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹28 Cr | Jun 2022 ₹28 Cr | Sep 2022 ₹9 Cr | Dec 2022 ₹9 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹41 Cr | Dec 2023 ₹41 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹43 Cr | Jun 2025 ₹43 Cr | Sep 2025 ₹54 Cr | Dec 2025 ₹54 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - GCSL: Sep 2021 ₹2 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹2 Cr | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 ₹0 Cr | Dec 2023 — | Mar 2024 ₹4 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹7 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹11 Cr | Sep 2025 ₹8 Cr | Dec 2025 ₹8 Cr | Mar 2026 ₹15 Cr | Jun 2026 — - DOLATALGO: Sep 2021 ₹188 Cr | Dec 2021 ₹188 Cr | Mar 2022 ₹175 Cr | Jun 2022 ₹175 Cr | Sep 2022 ₹250 Cr | Dec 2022 ₹250 Cr | Mar 2023 ₹140 Cr | Jun 2023 ₹140 Cr | Sep 2023 ₹145 Cr | Dec 2023 ₹145 Cr | Mar 2024 ₹84 Cr | Jun 2024 ₹84 Cr | Sep 2024 ₹374 Cr | Dec 2024 ₹374 Cr | Mar 2025 ₹66 Cr | Jun 2025 ₹66 Cr | Sep 2025 ₹196 Cr | Dec 2025 ₹196 Cr | Mar 2026 ₹284 Cr | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 — - CREST: Sep 2021 ₹54 Cr | Dec 2021 ₹54 Cr | Mar 2022 ₹250 Cr | Jun 2022 ₹58 Cr | Sep 2022 ₹76 Cr | Dec 2022 ₹76 Cr | Mar 2023 ₹175 Cr | Jun 2023 ₹175 Cr | Sep 2023 ₹163 Cr | Dec 2023 ₹163 Cr | Mar 2024 ₹205 Cr | Jun 2024 ₹205 Cr | Sep 2024 ₹171 Cr | Dec 2024 ₹171 Cr | Mar 2025 ₹166 Cr | Jun 2025 ₹166 Cr | Sep 2025 ₹202 Cr | Dec 2025 ₹201 Cr | Mar 2026 ₹282 Cr | Jun 2026 — - MASTERTR: Sep 2021 ₹103 Cr | Dec 2021 ₹103 Cr | Mar 2022 ₹97 Cr | Jun 2022 ₹97 Cr | Sep 2022 ₹118 Cr | Dec 2022 ₹118 Cr | Mar 2023 ₹162 Cr | Jun 2023 ₹159 Cr | Sep 2023 ₹262 Cr | Dec 2023 ₹262 Cr | Mar 2024 ₹187 Cr | Jun 2024 ₹187 Cr | Sep 2024 ₹200 Cr | Dec 2024 ₹200 Cr | Mar 2025 ₹258 Cr | Jun 2025 ₹258 Cr | Sep 2025 ₹163 Cr | Dec 2025 ₹163 Cr | Mar 2026 ₹228 Cr | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹86 Cr | Jun 2022 ₹86 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹441 Cr | Jun 2023 ₹441 Cr | Sep 2023 ₹717 Cr | Dec 2023 ₹717 Cr | Mar 2024 ₹929 Cr | Jun 2024 ₹929 Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.0K Cr | Mar 2025 ₹834 Cr | Jun 2025 ₹834 Cr | Sep 2025 ₹735 Cr | Dec 2025 ₹735 Cr | Mar 2026 ₹744 Cr | Jun 2026 — - PRIMESECU: Sep 2021 ₹3 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹15 Cr | Sep 2022 ₹5 Cr | Dec 2022 ₹5 Cr | Mar 2023 ₹0 Cr | Jun 2023 ₹2 Cr | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 ₹1 Cr | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹2 Cr | Jun 2026 ₹2 Cr - CONSOFINVT: Sep 2021 ₹1 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 — - FEDDERSHOL: Sep 2021 ₹3 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹5 Cr | Jun 2022 ₹2 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹2 Cr | Mar 2023 ₹34 Cr | Jun 2023 ₹34 Cr | Sep 2023 ₹50 Cr | Dec 2023 ₹50 Cr | Mar 2024 ₹58 Cr | Jun 2024 ₹58 Cr | Sep 2024 ₹64 Cr | Dec 2024 ₹64 Cr | Mar 2025 ₹80 Cr | Jun 2025 ₹80 Cr | Sep 2025 ₹62 Cr | Dec 2025 ₹63 Cr | Mar 2026 ₹66 Cr | Jun 2026 — - FINKURVE: Sep 2021 ₹27 Cr | Dec 2021 ₹27 Cr | Mar 2022 ₹24 Cr | Jun 2022 ₹24 Cr | Sep 2022 ₹58 Cr | Dec 2022 ₹58 Cr | Mar 2023 ₹52 Cr | Jun 2023 — | Sep 2023 ₹46 Cr | Dec 2023 ₹46 Cr | Mar 2024 ₹75 Cr | Jun 2024 ₹75 Cr | Sep 2024 ₹162 Cr | Dec 2024 ₹162 Cr | Mar 2025 ₹241 Cr | Jun 2025 ₹241 Cr | Sep 2025 ₹382 Cr | Dec 2025 ₹382 Cr | Mar 2026 ₹847 Cr | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 ₹30 Cr | Jun 2022 ₹30 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹21 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹29 Cr | Dec 2024 ₹29 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹20 Cr | Dec 2025 ₹20 Cr | Mar 2026 ₹19 Cr | Jun 2026 — - VLSFINANCE: Sep 2021 ₹2 Cr | Dec 2021 ₹2 Cr | Mar 2022 ₹1 Cr | Jun 2022 ₹1 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹0 Cr | Dec 2023 ₹0 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹0 Cr | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - CIFL: Sep 2021 ₹441 Cr | Dec 2021 ₹441 Cr | Mar 2022 ₹764 Cr | Jun 2022 ₹728 Cr | Sep 2022 ₹726 Cr | Dec 2022 ₹726 Cr | Mar 2023 ₹924 Cr | Jun 2023 ₹939 Cr | Sep 2023 ₹932 Cr | Dec 2023 ₹932 Cr | Mar 2024 ₹899 Cr | Jun 2024 ₹899 Cr | Sep 2024 ₹903 Cr | Dec 2024 ₹903 Cr | Mar 2025 ₹996 Cr | Jun 2025 ₹996 Cr | Sep 2025 ₹700 Cr | Dec 2025 ₹700 Cr | Mar 2026 ₹961 Cr | Jun 2026 — - NBIFIN: Sep 2021 — | Dec 2021 — | Mar 2022 ₹0 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹0 Cr | Dec 2025 — | Mar 2026 — | Jun 2026 — - OSWALGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 ₹7 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹5 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹2 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹6 Cr | Jun 2025 — | Sep 2025 ₹5 Cr | Dec 2025 — | Mar 2026 ₹4 Cr | Jun 2026 — - DHUNINV: Sep 2021 — | Dec 2021 — | Mar 2022 ₹115 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹365 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹377 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹388 Cr | Jun 2025 — | Sep 2025 ₹535 Cr | Dec 2025 — | Mar 2026 ₹952 Cr | Jun 2026 — - EBIX: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹1.3K Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - PTL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹49 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹28 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹21 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹13 Cr | Jun 2025 — | Sep 2025 ₹9 Cr | Dec 2025 — | Mar 2026 ₹5 Cr | Jun 2026 — - THEINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 ₹151 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹200 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹378 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹378 Cr | Jun 2025 — | Sep 2025 ₹528 Cr | Dec 2025 — | Mar 2026 ₹56 Cr | Jun 2026 — - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 ₹206 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹410 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹505 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹697 Cr | Jun 2025 — | Sep 2025 ₹797 Cr | Dec 2025 — | Mar 2026 ₹856 Cr | Jun 2026 — ## Return On Assets What the numbers say: Algoquant Fintech Ltd leads roa at 12%; Gretex Corporate Services Ltd leads roa change at +10.7 percentage points. Investor read: Algoquant Fintech 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. Evidence: Algoquant Fintech Ltd · 12% | 5.3% versus #2 · Gretex Corporate Services Ltd | 2/4 recent comparable periods | 29/33 companies · 152 observations Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset. ### ROA — highest 1. Algoquant Fintech Ltd (ALGOQUANT): 12% 2. Gretex Corporate Services Ltd (GCSL): 11% 3. Fedders Holding Ltd (FEDDERSHOL): 11% 4. CSL Finance Ltd (CSLFINANCE): 9.0% 5. Dolat Algotech Ltd (DOLATALGO): 8.5% ### ROA change — fastest improvers 1. Gretex Corporate Services Ltd (GCSL): +10.7 pp 2. Fedders Holding Ltd (FEDDERSHOL): +5.8 pp 3. Saraswati Commercial (India) Ltd (ZSARACOM): +2.8 pp 4. PTC India Financial Services Ltd (PFS): +2.7 pp 5. Capital India Finance Ltd (CIFL): +2.3 pp ### 20-quarter ROA history - NSIL: Sep 2021 — | Dec 2021 — | Mar 2022 0.7% | Jun 2022 — | Sep 2022 1.2% | Dec 2022 — | Mar 2023 1.0% | Jun 2023 — | Sep 2023 0.4% | Dec 2023 — | Mar 2024 0.4% | Jun 2024 — | Sep 2024 0.4% | Dec 2024 — | Mar 2025 0.2% | Jun 2025 — | Sep 2025 0.1% | Dec 2025 — | Mar 2026 0.3% | Jun 2026 — - MUFIN: Sep 2021 — | Dec 2021 — | Mar 2022 12% | Jun 2022 — | Sep 2022 1.5% | Dec 2022 — | Mar 2023 2.0% | Jun 2023 — | Sep 2023 2.2% | Dec 2023 — | Mar 2024 1.8% | Jun 2024 — | Sep 2024 1.9% | Dec 2024 — | Mar 2025 1.8% | Jun 2025 — | Sep 2025 1.5% | Dec 2025 — | Mar 2026 1.3% | Jun 2026 — - GRANDOAK: Sep 2021 — | Dec 2021 — | Mar 2022 0.0% | Jun 2022 — | Sep 2022 0.0% | Dec 2022 — | Mar 2023 0.0% | Jun 2023 — | Sep 2023 0.0% | Dec 2023 — | Mar 2024 0.0% | Jun 2024 — | Sep 2024 -0.5% | Dec 2024 — | Mar 2025 -0.1% | Jun 2025 — | Sep 2025 0.1% | Dec 2025 — | Mar 2026 0.1% | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -6.0% | Dec 2023 — | Mar 2024 4.6% | Jun 2024 — | Sep 2024 46% | Dec 2024 — | Mar 2025 15% | Jun 2025 — | Sep 2025 7.0% | Dec 2025 — | Mar 2026 12% | Jun 2026 — - PFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 2.3% | Dec 2023 — | Mar 2024 2.5% | Jun 2024 — | Sep 2024 2.6% | Dec 2024 — | Mar 2025 3.8% | Jun 2025 — | Sep 2025 6.5% | Dec 2025 — | Mar 2026 6.5% | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 5.1% | Dec 2023 — | Mar 2024 6.4% | Jun 2024 — | Sep 2024 6.0% | Dec 2024 — | Mar 2025 2.9% | Jun 2025 — | Sep 2025 1.1% | Dec 2025 — | Mar 2026 3.0% | Jun 2026 — - BLIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 7.0% | Dec 2023 — | Mar 2024 8.7% | Jun 2024 — | Sep 2024 8.8% | Dec 2024 — | Mar 2025 8.3% | Jun 2025 — | Sep 2025 7.8% | Dec 2025 — | Mar 2026 7.9% | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.1% | Dec 2023 — | Mar 2024 0.3% | Jun 2024 — | Sep 2024 1.0% | Dec 2024 — | Mar 2025 0.9% | Jun 2025 — | Sep 2025 0.7% | Dec 2025 — | Mar 2026 0.7% | Jun 2026 — - ZSARACOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 6.7% | Dec 2023 — | Mar 2024 13% | Jun 2024 — | Sep 2024 18% | Dec 2024 — | Mar 2025 4.8% | Jun 2025 — | Sep 2025 1.8% | Dec 2025 — | Mar 2026 7.6% | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 13% | Mar 2022 31% | Jun 2022 27% | Sep 2022 19% | Dec 2022 15% | Mar 2023 — | Jun 2023 — | Sep 2023 21% | Dec 2023 — | Mar 2024 19% | Jun 2024 — | Sep 2024 18% | Dec 2024 — | Mar 2025 0.7% | Jun 2025 — | Sep 2025 -2.5% | Dec 2025 — | Mar 2026 11% | Jun 2026 — - DOLATALGO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 9.4% | Dec 2023 — | Mar 2024 17% | Jun 2024 — | Sep 2024 18% | Dec 2024 — | Mar 2025 19% | Jun 2025 — | Sep 2025 9.2% | Dec 2025 — | Mar 2026 8.5% | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 7.0% | Dec 2023 — | Mar 2024 6.2% | Jun 2024 — | Sep 2024 6.0% | Dec 2024 — | Mar 2025 7.2% | Jun 2025 — | Sep 2025 7.1% | Dec 2025 — | Mar 2026 7.3% | Jun 2026 — - CREST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 4.6% | Dec 2023 — | Mar 2024 4.5% | Jun 2024 — | Sep 2024 6.5% | Dec 2024 — | Mar 2025 6.3% | Jun 2025 — | Sep 2025 3.1% | Dec 2025 — | Mar 2026 2.5% | Jun 2026 — - MASTERTR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 4.8% | Dec 2023 — | Mar 2024 5.8% | Jun 2024 — | Sep 2024 7.4% | Dec 2024 — | Mar 2025 6.8% | Jun 2025 — | Sep 2025 5.7% | Dec 2025 — | Mar 2026 5.6% | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 1.1% | Dec 2023 — | Mar 2024 0.8% | Jun 2024 — | Sep 2024 0.7% | Dec 2024 — | Mar 2025 0.8% | Jun 2025 — | Sep 2025 0.8% | Dec 2025 — | Mar 2026 1.2% | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 3.5% | Dec 2023 — | Mar 2024 3.1% | Jun 2024 — | Sep 2024 3.0% | Dec 2024 — | Mar 2025 3.5% | Jun 2025 — | Sep 2025 3.6% | Dec 2025 — | Mar 2026 3.6% | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 11% | Dec 2023 — | Mar 2024 11% | Jun 2024 — | Sep 2024 18% | Dec 2024 — | Mar 2025 17% | Jun 2025 — | Sep 2025 13% | Dec 2025 — | Mar 2026 4.6% | Jun 2026 — - CONSOFINVT: Sep 2021 27% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 36% | Dec 2023 — | Mar 2024 5.0% | Jun 2024 — | Sep 2024 9.5% | Dec 2024 — | Mar 2025 9.6% | Jun 2025 — | Sep 2025 5.9% | Dec 2025 — | Mar 2026 — | Jun 2026 — - FEDDERSHOL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 12% | Dec 2023 — | Mar 2024 19% | Jun 2024 — | Sep 2024 11% | Dec 2024 — | Mar 2025 5.1% | Jun 2025 — | Sep 2025 5.2% | Dec 2025 — | Mar 2026 11% | Jun 2026 — - FINKURVE: Sep 2021 2.2% | Dec 2021 — | Mar 2022 11% | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 5.3% | Dec 2023 — | Mar 2024 5.7% | Jun 2024 — | Sep 2024 4.6% | Dec 2024 — | Mar 2025 3.6% | Jun 2025 — | Sep 2025 2.8% | Dec 2025 — | Mar 2026 — | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 5.1% | Dec 2023 — | Mar 2024 17% | Jun 2024 — | Sep 2024 22% | Dec 2024 — | Mar 2025 11% | Jun 2025 — | Sep 2025 10% | Dec 2025 — | Mar 2026 3.0% | Jun 2026 — - VLSFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 5.6% | Dec 2023 — | Mar 2024 9.1% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1.7% | Jun 2025 — | Sep 2025 -0.7% | Dec 2025 — | Mar 2026 1.0% | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -2.5% | Dec 2023 — | Mar 2024 -0.4% | Jun 2024 — | Sep 2024 -0.7% | Dec 2024 — | Mar 2025 -0.6% | Jun 2025 — | Sep 2025 2.2% | Dec 2025 — | Mar 2026 1.7% | Jun 2026 — ### 20-quarter ROA change history - NSIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 +0.3 pp | Jun 2023 — | Sep 2023 −0.8 pp | Dec 2023 — | Mar 2024 −0.6 pp | Jun 2024 — | Sep 2024 0.0 pp | Dec 2024 — | Mar 2025 −0.2 pp | Jun 2025 — | Sep 2025 −0.3 pp | Dec 2025 — | Mar 2026 +0.1 pp | Jun 2026 — - MUFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 −9.7 pp | Jun 2023 — | Sep 2023 +0.7 pp | Dec 2023 — | Mar 2024 −0.2 pp | Jun 2024 — | Sep 2024 −0.3 pp | Dec 2024 — | Mar 2025 0.0 pp | Jun 2025 — | Sep 2025 −0.4 pp | Dec 2025 — | Mar 2026 −0.5 pp | Jun 2026 — - GRANDOAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.0 pp | Jun 2023 — | Sep 2023 0.0 pp | Dec 2023 — | Mar 2024 0.0 pp | Jun 2024 — | Sep 2024 −0.5 pp | Dec 2024 — | Mar 2025 −0.1 pp | Jun 2025 — | Sep 2025 +0.6 pp | Dec 2025 — | Mar 2026 +0.2 pp | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +51.9 pp | Dec 2024 — | Mar 2025 +10.2 pp | Jun 2025 — | Sep 2025 −38.9 pp | Dec 2025 — | Mar 2026 −2.8 pp | Jun 2026 — - PFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +0.3 pp | Dec 2024 — | Mar 2025 +1.3 pp | Jun 2025 — | Sep 2025 +3.9 pp | Dec 2025 — | Mar 2026 +2.7 pp | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +0.9 pp | Dec 2024 — | Mar 2025 −3.5 pp | Jun 2025 — | Sep 2025 −4.9 pp | Dec 2025 — | Mar 2026 +0.1 pp | Jun 2026 — - BLIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +1.8 pp | Dec 2024 — | Mar 2025 −0.4 pp | Jun 2025 — | Sep 2025 −1.0 pp | Dec 2025 — | Mar 2026 −0.4 pp | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +0.9 pp | Dec 2024 — | Mar 2025 +0.6 pp | Jun 2025 — | Sep 2025 −0.3 pp | Dec 2025 — | Mar 2026 −0.2 pp | Jun 2026 — - ZSARACOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +10.9 pp | Dec 2024 — | Mar 2025 −8.6 pp | Jun 2025 — | Sep 2025 −15.8 pp | Dec 2025 — | Mar 2026 +2.8 pp | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +2.1 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +2.2 pp | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −3.4 pp | Dec 2024 — | Mar 2025 −17.8 pp | Jun 2025 — | Sep 2025 −20.4 pp | Dec 2025 — | Mar 2026 +10.7 pp | Jun 2026 — - DOLATALGO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +8.7 pp | Dec 2024 — | Mar 2025 +2.1 pp | Jun 2025 — | Sep 2025 −8.9 pp | Dec 2025 — | Mar 2026 −10.5 pp | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −1.0 pp | Dec 2024 — | Mar 2025 +1.0 pp | Jun 2025 — | Sep 2025 +1.1 pp | Dec 2025 — | Mar 2026 +0.1 pp | Jun 2026 — - CREST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +1.9 pp | Dec 2024 — | Mar 2025 +1.8 pp | Jun 2025 — | Sep 2025 −3.4 pp | Dec 2025 — | Mar 2026 −3.8 pp | Jun 2026 — - MASTERTR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +2.6 pp | Dec 2024 — | Mar 2025 +1.0 pp | Jun 2025 — | Sep 2025 −1.7 pp | Dec 2025 — | Mar 2026 −1.2 pp | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −0.4 pp | Dec 2024 — | Mar 2025 0.0 pp | Jun 2025 — | Sep 2025 +0.1 pp | Dec 2025 — | Mar 2026 +0.4 pp | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −0.5 pp | Dec 2024 — | Mar 2025 +0.4 pp | Jun 2025 — | Sep 2025 +0.6 pp | Dec 2025 — | Mar 2026 +0.1 pp | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +7.1 pp | Dec 2024 — | Mar 2025 +6.1 pp | Jun 2025 — | Sep 2025 −5.5 pp | Dec 2025 — | Mar 2026 −12.0 pp | Jun 2026 — - CONSOFINVT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −26.9 pp | Dec 2024 — | Mar 2025 +4.6 pp | Jun 2025 — | Sep 2025 −3.6 pp | Dec 2025 — | Mar 2026 — | Jun 2026 — - FEDDERSHOL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −0.4 pp | Dec 2024 — | Mar 2025 −13.5 pp | Jun 2025 — | Sep 2025 −6.0 pp | Dec 2025 — | Mar 2026 +5.8 pp | Jun 2026 — - FINKURVE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −0.7 pp | Dec 2024 — | Mar 2025 −2.1 pp | Jun 2025 — | Sep 2025 −1.8 pp | Dec 2025 — | Mar 2026 — | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +17.3 pp | Dec 2024 — | Mar 2025 −6.5 pp | Jun 2025 — | Sep 2025 −12.1 pp | Dec 2025 — | Mar 2026 −7.7 pp | Jun 2026 — - VLSFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 −7.4 pp | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 −0.7 pp | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +1.8 pp | Dec 2024 — | Mar 2025 −0.2 pp | Jun 2025 — | Sep 2025 +2.9 pp | Dec 2025 — | Mar 2026 +2.3 pp | Jun 2026 — ## ROE — Leaders & Improvers What the numbers say: Consolidated Finvest & Holdings Ltd leads roe at 33.6%; Saraswati Commercial (India) Ltd leads roe change at +27.4 percentage points. Investor read: Consolidated Finvest & Holdings 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. Evidence: Consolidated Finvest & Holdings Ltd · 33.6% | 18.3% versus #2 · Algoquant Fintech Ltd | 4/8 recent comparable periods | 33/33 companies · 410 observations Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage. ### ROE — highest 1. Consolidated Finvest & Holdings Ltd (CONSOFINVT): 34% 2. Algoquant Fintech Ltd (ALGOQUANT): 28% 3. Master Trust Ltd (MASTERTR): 17% 4. CSL Finance Ltd (CSLFINANCE): 15% 5. Finkurve Financial Services Ltd (FINKURVE): 13% ### ROE change — fastest improvers 1. Saraswati Commercial (India) Ltd (ZSARACOM): +27.4 pp 2. Fedders Holding Ltd (FEDDERSHOL): +19.6 pp 3. Gretex Corporate Services Ltd (GCSL): +11.9 pp 4. BF Investment Ltd (BFINVEST): +4.6 pp 5. CSL Finance Ltd (CSLFINANCE): +1.0 pp ### 20-quarter ROE history - NSIL: Sep 2021 0.9% | Dec 2021 2.3% | Mar 2022 0.4% | Jun 2022 0.3% | Sep 2022 0.5% | Dec 2022 3.9% | Mar 2023 0.3% | Jun 2023 0.3% | Sep 2023 0.8% | Dec 2023 0.9% | Mar 2024 0.7% | Jun 2024 0.1% | Sep 2024 0.9% | Dec 2024 0.9% | Mar 2025 0.2% | Jun 2025 -0.6% | Sep 2025 0.6% | Dec 2025 0.4% | Mar 2026 0.2% | Jun 2026 — - MUFIN: Sep 2021 26% | Dec 2021 23% | Mar 2022 2.3% | Jun 2022 -4.3% | Sep 2022 4.5% | Dec 2022 6.5% | Mar 2023 6.2% | Jun 2023 7.0% | Sep 2023 9.7% | Dec 2023 10% | Mar 2024 11% | Jun 2024 8.0% | Sep 2024 7.2% | Dec 2024 9.0% | Mar 2025 8.8% | Jun 2025 5.2% | Sep 2025 4.7% | Dec 2025 7.6% | Mar 2026 8.8% | Jun 2026 — - GRANDOAK: Sep 2021 0.3% | Dec 2021 0.0% | Mar 2022 -3.9% | Jun 2022 -2.3% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 -0.8% | Jun 2023 -0.5% | Sep 2023 -0.5% | Dec 2023 -2.4% | Mar 2024 3.9% | Jun 2024 -0.9% | Sep 2024 0.4% | Dec 2024 -889% | Mar 2025 -0.6% | Jun 2025 0.1% | Sep 2025 0.0% | Dec 2025 2.3% | Mar 2026 0.0% | Jun 2026 — - ALGOQUANT: Sep 2021 35% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -16% | Dec 2022 30% | Mar 2023 19% | Jun 2023 -68% | Sep 2023 5.5% | Dec 2023 3.3% | Mar 2024 49% | Jun 2024 150% | Sep 2024 14% | Dec 2024 10% | Mar 2025 43% | Jun 2025 3.3% | Sep 2025 17% | Dec 2025 24% | Mar 2026 21% | Jun 2026 — - PFS: Sep 2021 8.6% | Dec 2021 9.7% | Mar 2022 1.2% | Jun 2022 4.4% | Sep 2022 8.9% | Dec 2022 9.1% | Mar 2023 — | Jun 2023 — | Sep 2023 6.0% | Dec 2023 9.7% | Mar 2024 6.3% | Jun 2024 6.6% | Sep 2024 7.0% | Dec 2024 7.3% | Mar 2025 10% | Jun 2025 8.6% | Sep 2025 20% | Dec 2025 12% | Mar 2026 6.6% | Jun 2026 — - BFINVEST: Sep 2021 4.0% | Dec 2021 4.6% | Mar 2022 4.0% | Jun 2022 8.8% | Sep 2022 3.5% | Dec 2022 5.0% | Mar 2023 5.8% | Jun 2023 10% | Sep 2023 4.8% | Dec 2023 5.5% | Mar 2024 4.4% | Jun 2024 17% | Sep 2024 12% | Dec 2024 2.0% | Mar 2025 0.4% | Jun 2025 -0.2% | Sep 2025 2.2% | Dec 2025 2.3% | Mar 2026 5.0% | Jun 2026 — - BLIL: Sep 2021 8.4% | Dec 2021 6.4% | Mar 2022 6.5% | Jun 2022 11% | Sep 2022 13% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 12% | Dec 2023 14% | Mar 2024 15% | Jun 2024 11% | Sep 2024 13% | Dec 2024 13% | Mar 2025 13% | Jun 2025 15% | Sep 2025 13% | Dec 2025 11% | Mar 2026 13% | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 25% | Mar 2022 -1.8% | Jun 2022 14% | Sep 2022 -25% | Dec 2022 -2.4% | Mar 2023 2.0% | Jun 2023 4.3% | Sep 2023 18% | Dec 2023 -13% | Mar 2024 -4.8% | Jun 2024 21% | Sep 2024 16% | Dec 2024 33% | Mar 2025 -2.7% | Jun 2025 20% | Sep 2025 41% | Dec 2025 -11% | Mar 2026 13% | Jun 2026 3.1% - ZSARACOM: Sep 2021 23% | Dec 2021 65% | Mar 2022 -11% | Jun 2022 6.4% | Sep 2022 -23% | Dec 2022 41% | Mar 2023 7.4% | Jun 2023 -16% | Sep 2023 22% | Dec 2023 20% | Mar 2024 26% | Jun 2024 15% | Sep 2024 30% | Dec 2024 32% | Mar 2025 -18% | Jun 2025 -10% | Sep 2025 9.7% | Dec 2025 24% | Mar 2026 9.2% | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 18% | Mar 2022 39% | Jun 2022 32% | Sep 2022 23% | Dec 2022 18% | Mar 2023 — | Jun 2023 — | Sep 2023 25% | Dec 2023 — | Mar 2024 22% | Jun 2024 25% | Sep 2024 19% | Dec 2024 28% | Mar 2025 1.9% | Jun 2025 -32% | Sep 2025 1.5% | Dec 2025 23% | Mar 2026 14% | Jun 2026 — - DOLATALGO: Sep 2021 50% | Dec 2021 34% | Mar 2022 37% | Jun 2022 40% | Sep 2022 29% | Dec 2022 30% | Mar 2023 20% | Jun 2023 3.9% | Sep 2023 8.1% | Dec 2023 21% | Mar 2024 24% | Jun 2024 37% | Sep 2024 36% | Dec 2024 31% | Mar 2025 16% | Jun 2025 16% | Sep 2025 16% | Dec 2025 1.8% | Mar 2026 15% | Jun 2026 — - INDPRUD: Sep 2021 8.3% | Dec 2021 5.1% | Mar 2022 6.9% | Jun 2022 6.4% | Sep 2022 6.9% | Dec 2022 6.9% | Mar 2023 6.7% | Jun 2023 8.9% | Sep 2023 6.3% | Dec 2023 9.6% | Mar 2024 6.9% | Jun 2024 6.7% | Sep 2024 5.5% | Dec 2024 9.1% | Mar 2025 6.9% | Jun 2025 7.9% | Sep 2025 6.8% | Dec 2025 8.1% | Mar 2026 7.5% | Jun 2026 — - CREST: Sep 2021 0.4% | Dec 2021 4.3% | Mar 2022 4.8% | Jun 2022 -1.1% | Sep 2022 248% | Dec 2022 3.9% | Mar 2023 3.8% | Jun 2023 5.0% | Sep 2023 2.4% | Dec 2023 13% | Mar 2024 4.7% | Jun 2024 4.3% | Sep 2024 18% | Dec 2024 6.1% | Mar 2025 4.8% | Jun 2025 2.6% | Sep 2025 8.5% | Dec 2025 1.2% | Mar 2026 3.5% | Jun 2026 — - MASTERTR: Sep 2021 19% | Dec 2021 24% | Mar 2022 19% | Jun 2022 19% | Sep 2022 18% | Dec 2022 22% | Mar 2023 23% | Jun 2023 19% | Sep 2023 21% | Dec 2023 24% | Mar 2024 27% | Jun 2024 33% | Sep 2024 27% | Dec 2024 27% | Mar 2025 24% | Jun 2025 16% | Sep 2025 17% | Dec 2025 18% | Mar 2026 17% | Jun 2026 — - STEL: Sep 2021 0.3% | Dec 2021 2.0% | Mar 2022 0.0% | Jun 2022 4.7% | Sep 2022 0.1% | Dec 2022 1.2% | Mar 2023 0.1% | Jun 2023 4.6% | Sep 2023 0.1% | Dec 2023 1.2% | Mar 2024 0.0% | Jun 2024 3.0% | Sep 2024 0.0% | Dec 2024 1.3% | Mar 2025 0.0% | Jun 2025 2.1% | Sep 2025 0.1% | Dec 2025 1.5% | Mar 2026 1.0% | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 6.5% | Sep 2023 9.2% | Dec 2023 10% | Mar 2024 10% | Jun 2024 8.6% | Sep 2024 9.6% | Dec 2024 10% | Mar 2025 9.9% | Jun 2025 11% | Sep 2025 11% | Dec 2025 14% | Mar 2026 11% | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 45% | Mar 2022 39% | Jun 2022 3.0% | Sep 2022 8.9% | Dec 2022 2.8% | Mar 2023 13% | Jun 2023 13% | Sep 2023 16% | Dec 2023 12% | Mar 2024 23% | Jun 2024 4.5% | Sep 2024 31% | Dec 2024 40% | Mar 2025 18% | Jun 2025 1.5% | Sep 2025 20% | Dec 2025 25% | Mar 2026 3.7% | Jun 2026 -22% - CONSOFINVT: Sep 2021 18% | Dec 2021 16% | Mar 2022 14% | Jun 2022 -66% | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 43% | Sep 2023 5.6% | Dec 2023 5.2% | Mar 2024 5.0% | Jun 2024 7.3% | Sep 2024 11% | Dec 2024 22% | Mar 2025 6.6% | Jun 2025 9.4% | Sep 2025 4.9% | Dec 2025 6.1% | Mar 2026 4.6% | Jun 2026 — - FEDDERSHOL: Sep 2021 3.5% | Dec 2021 2.2% | Mar 2022 2.7% | Jun 2022 2,827% | Sep 2022 0.9% | Dec 2022 0.8% | Mar 2023 11% | Jun 2023 33% | Sep 2023 9.2% | Dec 2023 46% | Mar 2024 47% | Jun 2024 13% | Sep 2024 19% | Dec 2024 5.3% | Mar 2025 2.6% | Jun 2025 4.2% | Sep 2025 11% | Dec 2025 8.9% | Mar 2026 22% | Jun 2026 — - FINKURVE: Sep 2021 5.3% | Dec 2021 4.4% | Mar 2022 -1.9% | Jun 2022 45% | Sep 2022 7.3% | Dec 2022 — | Mar 2023 11% | Jun 2023 5.3% | Sep 2023 7.2% | Dec 2023 7.5% | Mar 2024 11% | Jun 2024 11% | Sep 2024 9.3% | Dec 2024 7.2% | Mar 2025 12% | Jun 2025 7.8% | Sep 2025 9.9% | Dec 2025 8.9% | Mar 2026 8.5% | Jun 2026 — - SYSTMTXC: Sep 2021 28% | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 34% | Dec 2022 -35% | Mar 2023 25% | Jun 2023 -2.3% | Sep 2023 18% | Dec 2023 7.0% | Mar 2024 91% | Jun 2024 72% | Sep 2024 4.6% | Dec 2024 54% | Mar 2025 43% | Jun 2025 5.6% | Sep 2025 14% | Dec 2025 19% | Mar 2026 0.9% | Jun 2026 — - VLSFINANCE: Sep 2021 12% | Dec 2021 12% | Mar 2022 2.0% | Jun 2022 5.6% | Sep 2022 -5.9% | Dec 2022 8.5% | Mar 2023 7.4% | Jun 2023 -2.4% | Sep 2023 15% | Dec 2023 10% | Mar 2024 12% | Jun 2024 10% | Sep 2024 13% | Dec 2024 — | Mar 2025 1.9% | Jun 2025 1.0% | Sep 2025 6.3% | Dec 2025 1.1% | Mar 2026 2.7% | Jun 2026 — - CIFL: Sep 2021 -0.8% | Dec 2021 -2.4% | Mar 2022 -10% | Jun 2022 -0.2% | Sep 2022 -14% | Dec 2022 -11% | Mar 2023 -13% | Jun 2023 -14% | Sep 2023 3.0% | Dec 2023 -3.1% | Mar 2024 -1.4% | Jun 2024 -2.3% | Sep 2024 -3.9% | Dec 2024 0.4% | Mar 2025 -1.2% | Jun 2025 -1.6% | Sep 2025 -3.5% | Dec 2025 27% | Mar 2026 -3.0% | Jun 2026 — ### 20-quarter ROE change history - NSIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 +1.6 pp | Mar 2023 −0.1 pp | Jun 2023 0.0 pp | Sep 2023 +0.3 pp | Dec 2023 −3.0 pp | Mar 2024 +0.4 pp | Jun 2024 −0.2 pp | Sep 2024 +0.1 pp | Dec 2024 0.0 pp | Mar 2025 −0.5 pp | Jun 2025 −0.7 pp | Sep 2025 −0.3 pp | Dec 2025 −0.5 pp | Mar 2026 0.0 pp | Jun 2026 — - MUFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −21.2 pp | Dec 2022 −16.5 pp | Mar 2023 +3.9 pp | Jun 2023 +11.3 pp | Sep 2023 +5.2 pp | Dec 2023 +3.7 pp | Mar 2024 +5.1 pp | Jun 2024 +1.0 pp | Sep 2024 −2.5 pp | Dec 2024 −1.2 pp | Mar 2025 −2.5 pp | Jun 2025 −2.8 pp | Sep 2025 −2.5 pp | Dec 2025 −1.4 pp | Mar 2026 0.0 pp | Jun 2026 — - GRANDOAK: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 0.0 pp | Mar 2023 +3.1 pp | Jun 2023 +1.8 pp | Sep 2023 −0.5 pp | Dec 2023 −2.4 pp | Mar 2024 +4.7 pp | Jun 2024 −0.4 pp | Sep 2024 +0.9 pp | Dec 2024 −886.6 pp | Mar 2025 −4.5 pp | Jun 2025 +1.0 pp | Sep 2025 −0.4 pp | Dec 2025 +891.3 pp | Mar 2026 +0.6 pp | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −50.4 pp | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +21.1 pp | Dec 2023 −26.6 pp | Mar 2024 +29.5 pp | Jun 2024 +217.8 pp | Sep 2024 +8.3 pp | Dec 2024 +6.8 pp | Mar 2025 −5.3 pp | Jun 2025 −146.8 pp | Sep 2025 +3.6 pp | Dec 2025 +13.5 pp | Mar 2026 −22.4 pp | Jun 2026 — - PFS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.3 pp | Dec 2022 −0.6 pp | Mar 2023 — | Jun 2023 — | Sep 2023 −2.9 pp | Dec 2023 +0.6 pp | Mar 2024 — | Jun 2024 — | Sep 2024 +1.0 pp | Dec 2024 −2.4 pp | Mar 2025 +3.9 pp | Jun 2025 +2.0 pp | Sep 2025 +12.8 pp | Dec 2025 +5.0 pp | Mar 2026 −3.6 pp | Jun 2026 — - BFINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 +0.4 pp | Mar 2023 +1.8 pp | Jun 2023 +1.6 pp | Sep 2023 +1.3 pp | Dec 2023 +0.5 pp | Mar 2024 −1.4 pp | Jun 2024 +7.0 pp | Sep 2024 +7.0 pp | Dec 2024 −3.5 pp | Mar 2025 −4.0 pp | Jun 2025 −17.6 pp | Sep 2025 −9.6 pp | Dec 2025 +0.3 pp | Mar 2026 +4.6 pp | Jun 2026 — - BLIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.4 pp | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −0.4 pp | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +0.6 pp | Dec 2024 −1.2 pp | Mar 2025 −1.8 pp | Jun 2025 +3.4 pp | Sep 2025 −0.1 pp | Dec 2025 −2.0 pp | Mar 2026 −0.4 pp | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −27.0 pp | Mar 2023 +3.8 pp | Jun 2023 −9.7 pp | Sep 2023 +43.3 pp | Dec 2023 −10.6 pp | Mar 2024 −6.8 pp | Jun 2024 +16.6 pp | Sep 2024 −2.3 pp | Dec 2024 +45.7 pp | Mar 2025 +2.1 pp | Jun 2025 −1.1 pp | Sep 2025 +25.3 pp | Dec 2025 −44.1 pp | Mar 2026 +15.8 pp | Jun 2026 −16.7 pp - ZSARACOM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −45.6 pp | Dec 2022 −23.6 pp | Mar 2023 +18.8 pp | Jun 2023 −21.9 pp | Sep 2023 +45.1 pp | Dec 2023 −21.0 pp | Mar 2024 +18.8 pp | Jun 2024 +30.3 pp | Sep 2024 +7.8 pp | Dec 2024 +12.3 pp | Mar 2025 −44.4 pp | Jun 2025 −24.8 pp | Sep 2025 −20.2 pp | Dec 2025 −8.9 pp | Mar 2026 +27.4 pp | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 +0.1 pp | Mar 2023 — | Jun 2023 — | Sep 2023 +2.7 pp | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −6.5 pp | Dec 2024 — | Mar 2025 −20.0 pp | Jun 2025 −57.5 pp | Sep 2025 −17.2 pp | Dec 2025 −5.0 pp | Mar 2026 +11.9 pp | Jun 2026 — - DOLATALGO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −20.7 pp | Dec 2022 −3.8 pp | Mar 2023 −17.5 pp | Jun 2023 −35.6 pp | Sep 2023 −21.2 pp | Dec 2023 −8.7 pp | Mar 2024 +4.6 pp | Jun 2024 +33.0 pp | Sep 2024 +28.2 pp | Dec 2024 +9.9 pp | Mar 2025 −8.1 pp | Jun 2025 −20.5 pp | Sep 2025 −20.8 pp | Dec 2025 −29.2 pp | Mar 2026 −1.2 pp | Jun 2026 — - INDPRUD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.4 pp | Dec 2022 +1.8 pp | Mar 2023 −0.2 pp | Jun 2023 +2.5 pp | Sep 2023 −0.6 pp | Dec 2023 +2.7 pp | Mar 2024 +0.2 pp | Jun 2024 −2.2 pp | Sep 2024 −0.8 pp | Dec 2024 −0.5 pp | Mar 2025 0.0 pp | Jun 2025 +1.2 pp | Sep 2025 +1.3 pp | Dec 2025 −1.0 pp | Mar 2026 +0.6 pp | Jun 2026 — - CREST: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +248.0 pp | Dec 2022 −0.4 pp | Mar 2023 −1.0 pp | Jun 2023 +6.1 pp | Sep 2023 −246.0 pp | Dec 2023 +8.8 pp | Mar 2024 +0.9 pp | Jun 2024 −0.7 pp | Sep 2024 +15.2 pp | Dec 2024 −6.6 pp | Mar 2025 +0.1 pp | Jun 2025 −1.7 pp | Sep 2025 −9.1 pp | Dec 2025 −4.9 pp | Mar 2026 −1.3 pp | Jun 2026 — - MASTERTR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 −2.0 pp | Mar 2023 +3.8 pp | Jun 2023 −0.3 pp | Sep 2023 +3.0 pp | Dec 2023 +2.4 pp | Mar 2024 +4.3 pp | Jun 2024 +13.9 pp | Sep 2024 +6.5 pp | Dec 2024 +2.7 pp | Mar 2025 −3.4 pp | Jun 2025 −17.1 pp | Sep 2025 −10.5 pp | Dec 2025 −8.7 pp | Mar 2026 −6.8 pp | Jun 2026 — - STEL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 −0.8 pp | Mar 2023 +0.1 pp | Jun 2023 −0.1 pp | Sep 2023 0.0 pp | Dec 2023 0.0 pp | Mar 2024 −0.1 pp | Jun 2024 −1.6 pp | Sep 2024 −0.1 pp | Dec 2024 +0.1 pp | Mar 2025 0.0 pp | Jun 2025 −0.9 pp | Sep 2025 +0.1 pp | Dec 2025 +0.2 pp | Mar 2026 +1.0 pp | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 +2.1 pp | Sep 2024 +0.4 pp | Dec 2024 +0.3 pp | Mar 2025 −0.1 pp | Jun 2025 +2.1 pp | Sep 2025 +1.6 pp | Dec 2025 +3.3 pp | Mar 2026 +0.8 pp | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −42.3 pp | Mar 2023 −25.7 pp | Jun 2023 +10.3 pp | Sep 2023 +6.9 pp | Dec 2023 +9.2 pp | Mar 2024 +10.2 pp | Jun 2024 −8.8 pp | Sep 2024 +14.9 pp | Dec 2024 +27.7 pp | Mar 2025 −5.8 pp | Jun 2025 −3.0 pp | Sep 2025 −10.4 pp | Dec 2025 −14.4 pp | Mar 2026 −13.8 pp | Jun 2026 −23.1 pp - CONSOFINVT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 +109.4 pp | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 −35.9 pp | Sep 2024 +5.8 pp | Dec 2024 +16.6 pp | Mar 2025 +1.6 pp | Jun 2025 +2.1 pp | Sep 2025 −6.5 pp | Dec 2025 −15.7 pp | Mar 2026 −2.0 pp | Jun 2026 — - FEDDERSHOL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.6 pp | Dec 2022 −1.4 pp | Mar 2023 +8.5 pp | Jun 2023 −2,794.4 pp | Sep 2023 +8.3 pp | Dec 2023 +45.1 pp | Mar 2024 +35.6 pp | Jun 2024 −20.2 pp | Sep 2024 +10.2 pp | Dec 2024 −40.6 pp | Mar 2025 −44.2 pp | Jun 2025 −8.5 pp | Sep 2025 −8.9 pp | Dec 2025 +3.6 pp | Mar 2026 +19.6 pp | Jun 2026 — - FINKURVE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.0 pp | Dec 2022 — | Mar 2023 +12.4 pp | Jun 2023 −40.1 pp | Sep 2023 −0.1 pp | Dec 2023 — | Mar 2024 +0.5 pp | Jun 2024 +5.3 pp | Sep 2024 +2.1 pp | Dec 2024 −0.3 pp | Mar 2025 +0.5 pp | Jun 2025 −2.8 pp | Sep 2025 +0.6 pp | Dec 2025 +1.7 pp | Mar 2026 −3.0 pp | Jun 2026 — - SYSTMTXC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +5.3 pp | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −15.8 pp | Dec 2023 +41.9 pp | Mar 2024 +65.8 pp | Jun 2024 +74.3 pp | Sep 2024 −13.3 pp | Dec 2024 +47.1 pp | Mar 2025 −48.4 pp | Jun 2025 −66.4 pp | Sep 2025 +9.4 pp | Dec 2025 −35.5 pp | Mar 2026 −41.6 pp | Jun 2026 — - VLSFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −17.8 pp | Dec 2022 −3.0 pp | Mar 2023 +5.4 pp | Jun 2023 −8.0 pp | Sep 2023 +20.6 pp | Dec 2023 +1.9 pp | Mar 2024 +4.8 pp | Jun 2024 +12.5 pp | Sep 2024 −2.2 pp | Dec 2024 — | Mar 2025 −10.3 pp | Jun 2025 −9.1 pp | Sep 2025 −6.2 pp | Dec 2025 — | Mar 2026 +0.8 pp | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −12.8 pp | Dec 2022 −8.1 pp | Mar 2023 −2.4 pp | Jun 2023 −14.2 pp | Sep 2023 +16.6 pp | Dec 2023 +7.4 pp | Mar 2024 +11.4 pp | Jun 2024 +12.1 pp | Sep 2024 −6.9 pp | Dec 2024 +3.5 pp | Mar 2025 +0.2 pp | Jun 2025 +0.7 pp | Sep 2025 +0.4 pp | Dec 2025 +26.9 pp | Mar 2026 −1.8 pp | Jun 2026 — ## Gross NPA — Leaders & Improvers What the numbers say: CSL Finance Ltd leads both gross npa at 1.1% and gnpa change at +0.6 percentage points. Investor read: CSL 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 gnpa change signal. Evidence: CSL Finance Ltd · 1.1% | Not enough peers | 4/8 recent comparable periods | 1/33 companies · 14 observations Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted. ### Gross NPA — lowest 1. CSL Finance Ltd (CSLFINANCE): 1.1% ### GNPA change — fastest improvers 1. CSL Finance Ltd (CSLFINANCE): +0.6 pp ### 20-quarter Gross NPA history - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.7% | Mar 2023 0.6% | Jun 2023 0.8% | Sep 2023 0.6% | Dec 2023 0.4% | Mar 2024 0.4% | Jun 2024 0.5% | Sep 2024 0.5% | Dec 2024 0.4% | Mar 2025 0.5% | Jun 2025 0.6% | Sep 2025 0.5% | Dec 2025 1.0% | Mar 2026 1.1% | Jun 2026 — ### 20-quarter GNPA change history - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 −0.3 pp | Mar 2024 −0.2 pp | Jun 2024 −0.3 pp | Sep 2024 −0.0 pp | Dec 2024 −0.0 pp | Mar 2025 +0.0 pp | Jun 2025 +0.1 pp | Sep 2025 −0.0 pp | Dec 2025 +0.6 pp | Mar 2026 +0.6 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Consolidated Finvest & Holdings Ltd has the lowest comparable P/BV ÷ ROE at 0.02×, 60% below CSL Finance Ltd. Only 31 of 33 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. 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. Evidence: Consolidated Finvest & Holdings Ltd · 0.02× | 60% versus #2 · CSL Finance Ltd | 0/8 recent comparable periods | 31/33 companies · 347 observations Definition: 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 ÷ ROE — lowest return-adjusted price 1. Consolidated Finvest & Holdings Ltd (CONSOFINVT): 0.0 2. CSL Finance Ltd (CSLFINANCE): 0.1 3. BF Investment Ltd (BFINVEST): 0.1 4. PTC India Financial Services Ltd (PFS): 0.1 5. Master Trust Ltd (MASTERTR): 0.1 ### P/BV — lowest P/BV 1. Nalwa Sons Investments Ltd (NSIL): 0.2 2. Dhunseri Investments Ltd (DHUNINV): 0.2 3. BF Investment Ltd (BFINVEST): 0.2 4. NBI Industrial Finance Company Ltd (NBIFIN): 0.2 — older report 5. Oswal Green Tech Ltd (OSWALGREEN): 0.2 ### 20-quarter P/BV ÷ ROE history - NSIL: Sep 2021 0.3 | Dec 2021 0.0 | Mar 2022 0.3 | Jun 2022 0.3 | Sep 2022 0.2 | Dec 2022 0.1 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.2 | Mar 2024 0.1 | Jun 2024 3.0 | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 1.0 | Jun 2025 — | Sep 2025 0.3 | Dec 2025 0.5 | Mar 2026 1.0 | Jun 2026 — - MUFIN: Sep 2021 0.0 | Dec 2021 0.1 | Mar 2022 0.6 | Jun 2022 — | Sep 2022 0.6 | Dec 2022 0.6 | Mar 2023 0.6 | Jun 2023 0.7 | Sep 2023 0.8 | Dec 2023 1.5 | Mar 2024 0.8 | Jun 2024 1.0 | Sep 2024 1.0 | Dec 2024 0.7 | Mar 2025 0.5 | Jun 2025 0.9 | Sep 2025 1.1 | Dec 2025 0.8 | Mar 2026 0.6 | Jun 2026 — - GRANDOAK: Sep 2021 2.0 | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 0.3 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 1.0 | Mar 2026 — | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.4 | Mar 2023 0.6 | Jun 2023 — | Sep 2023 2.7 | Dec 2023 7.6 | Mar 2024 0.3 | Jun 2024 0.1 | Sep 2024 1.1 | Dec 2024 1.6 | Mar 2025 0.4 | Jun 2025 4.8 | Sep 2025 1.1 | Dec 2025 0.6 | Mar 2026 0.6 | Jun 2026 — - PFS: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.4 | Jun 2022 0.1 | Sep 2022 0.0 | Dec 2022 0.0 | Mar 2023 — | Jun 2023 — | Sep 2023 0.1 | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 0.2 | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 0.1 | Jun 2025 0.1 | Sep 2025 0.0 | Dec 2025 0.1 | Mar 2026 0.1 | Jun 2026 — - BFINVEST: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.0 | Sep 2022 0.1 | Dec 2022 0.1 | Mar 2023 0.1 | Jun 2023 0.0 | Sep 2023 0.1 | Dec 2023 0.1 | Mar 2024 0.1 | Jun 2024 0.0 | Sep 2024 0.0 | Dec 2024 0.2 | Mar 2025 0.5 | Jun 2025 — | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.0 | Jun 2026 — - BLIL: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.1 | Sep 2022 0.1 | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.1 | Dec 2023 0.1 | Mar 2024 0.1 | Jun 2024 0.2 | Sep 2024 0.1 | Dec 2024 0.1 | Mar 2025 0.1 | Jun 2025 0.1 | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.1 | Jun 2026 — - PNBGILTS: Sep 2021 — | Dec 2021 0.0 | Mar 2022 — | Jun 2022 0.1 | Sep 2022 — | Dec 2022 — | Mar 2023 0.4 | Jun 2023 0.2 | Sep 2023 0.1 | Dec 2023 — | Mar 2024 — | Jun 2024 0.1 | Sep 2024 0.1 | Dec 2024 0.0 | Mar 2025 — | Jun 2025 0.1 | Sep 2025 0.0 | Dec 2025 — | Mar 2026 0.1 | Jun 2026 0.3 - ZSARACOM: Sep 2021 0.0 | Dec 2021 0.0 | Mar 2022 — | Jun 2022 0.1 | Sep 2022 — | Dec 2022 0.0 | Mar 2023 0.1 | Jun 2023 — | Sep 2023 0.0 | Dec 2023 0.0 | Mar 2024 0.0 | Jun 2024 0.1 | Sep 2024 0.1 | Dec 2024 0.1 | Mar 2025 — | Jun 2025 — | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.1 | Jun 2026 — - GCSL: Sep 2021 — | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.0 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 — | Jun 2023 — | Sep 2023 0.2 | Dec 2023 — | Mar 2024 0.3 | Jun 2024 0.6 | Sep 2024 0.3 | Dec 2024 0.2 | Mar 2025 1.7 | Jun 2025 — | Sep 2025 1.9 | Dec 2025 0.3 | Mar 2026 0.4 | Jun 2026 — - DOLATALGO: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.1 | Sep 2022 0.1 | Dec 2022 0.1 | Mar 2023 0.1 | Jun 2023 0.4 | Sep 2023 0.2 | Dec 2023 0.1 | Mar 2024 0.1 | Jun 2024 0.1 | Sep 2024 0.1 | Dec 2024 0.1 | Mar 2025 0.1 | Jun 2025 0.1 | Sep 2025 0.1 | Dec 2025 0.8 | Mar 2026 0.1 | Jun 2026 — - INDPRUD: Sep 2021 0.1 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.1 | Sep 2022 0.1 | Dec 2022 0.1 | Mar 2023 0.1 | Jun 2023 0.1 | Sep 2023 0.2 | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 0.3 | Sep 2024 0.3 | Dec 2024 0.1 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.2 | Dec 2025 0.1 | Mar 2026 0.2 | Jun 2026 — - CREST: Sep 2021 1.5 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 — | Sep 2022 0.0 | Dec 2022 0.2 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.3 | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 0.3 | Sep 2024 0.1 | Dec 2024 0.2 | Mar 2025 0.2 | Jun 2025 0.4 | Sep 2025 0.1 | Dec 2025 0.8 | Mar 2026 0.2 | Jun 2026 — - MASTERTR: Sep 2021 0.0 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.1 | Sep 2022 0.0 | Dec 2022 0.0 | Mar 2023 0.0 | Jun 2023 0.1 | Sep 2023 0.1 | Dec 2023 0.1 | Mar 2024 0.1 | Jun 2024 0.1 | Sep 2024 0.1 | Dec 2024 0.1 | Mar 2025 0.1 | Jun 2025 0.2 | Sep 2025 0.2 | Dec 2025 0.1 | Mar 2026 0.1 | Jun 2026 — - STEL: Sep 2021 1.7 | Dec 2021 0.2 | Mar 2022 — | Jun 2022 0.0 | Sep 2022 3.0 | Dec 2022 0.3 | Mar 2023 4.0 | Jun 2023 0.1 | Sep 2023 5.0 | Dec 2023 0.4 | Mar 2024 — | Jun 2024 0.3 | Sep 2024 — | Dec 2024 0.3 | Mar 2025 — | Jun 2025 0.2 | Sep 2025 5.0 | Dec 2025 0.3 | Mar 2026 0.4 | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.3 | Sep 2023 0.2 | Dec 2023 0.2 | Mar 2024 0.2 | Jun 2024 0.3 | Sep 2024 0.2 | Dec 2024 0.1 | Mar 2025 0.1 | Jun 2025 0.1 | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.1 | Jun 2026 — - PRIMESECU: Sep 2021 — | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 1.5 | Sep 2022 0.3 | Dec 2022 1.0 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.3 | Dec 2023 0.3 | Mar 2024 0.2 | Jun 2024 1.0 | Sep 2024 0.2 | Dec 2024 0.1 | Mar 2025 0.3 | Jun 2025 3.0 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 1.1 | Jun 2026 — - CONSOFINVT: Sep 2021 0.0 | Dec 2021 0.0 | Mar 2022 0.0 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 0.0 | Sep 2023 0.1 | Dec 2023 0.1 | Mar 2024 0.1 | Jun 2024 0.1 | Sep 2024 0.0 | Dec 2024 0.0 | Mar 2025 0.1 | Jun 2025 0.0 | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.1 | Jun 2026 — - FEDDERSHOL: Sep 2021 0.1 | Dec 2021 0.4 | Mar 2022 0.2 | Jun 2022 0.0 | Sep 2022 0.8 | Dec 2022 1.0 | Mar 2023 0.1 | Jun 2023 0.0 | Sep 2023 0.1 | Dec 2023 0.0 | Mar 2024 0.0 | Jun 2024 0.1 | Sep 2024 0.1 | Dec 2024 0.5 | Mar 2025 0.6 | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 0.0 | Jun 2026 — - FINKURVE: Sep 2021 0.9 | Dec 2021 0.8 | Mar 2022 — | Jun 2022 0.1 | Sep 2022 0.6 | Dec 2022 — | Mar 2023 0.5 | Jun 2023 1.3 | Sep 2023 0.8 | Dec 2023 0.7 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.7 | Dec 2024 1.4 | Mar 2025 0.8 | Jun 2025 1.3 | Sep 2025 0.8 | Dec 2025 0.9 | Mar 2026 0.5 | Jun 2026 — - SYSTMTXC: Sep 2021 0.2 | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.1 | Dec 2022 — | Mar 2023 0.1 | Jun 2023 — | Sep 2023 0.3 | Dec 2023 1.1 | Mar 2024 0.1 | Jun 2024 0.2 | Sep 2024 3.3 | Dec 2024 0.3 | Mar 2025 0.3 | Jun 2025 1.7 | Sep 2025 0.4 | Dec 2025 0.3 | Mar 2026 2.8 | Jun 2026 — - VLSFINANCE: Sep 2021 0.0 | Dec 2021 0.0 | Mar 2022 0.1 | Jun 2022 0.0 | Sep 2022 — | Dec 2022 0.0 | Mar 2023 0.0 | Jun 2023 — | Sep 2023 0.0 | Dec 2023 0.0 | Mar 2024 0.0 | Jun 2024 0.1 | Sep 2024 0.0 | Dec 2024 — | Mar 2025 0.1 | Jun 2025 0.3 | Sep 2025 0.1 | Dec 2025 0.4 | Mar 2026 0.1 | Jun 2026 — - CIFL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.5 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 5.8 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 0.1 | Mar 2026 — | Jun 2026 — ### 20-quarter P/BV history - 533095: Sep 2021 — | Dec 2021 — | Mar 2022 0.7 | Jun 2022 — | Sep 2022 0.7 | Dec 2022 1.0 | Mar 2023 0.9 | Jun 2023 1.2 | Sep 2023 1.1 | Dec 2023 1.4 | Mar 2024 1.6 | Jun 2024 1.7 | Sep 2024 1.1 | Dec 2024 1.1 | Mar 2025 0.9 | Jun 2025 1.0 | Sep 2025 0.9 | Dec 2025 0.8 | Mar 2026 0.6 | Jun 2026 — - AIIL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 1.7 | Sep 2023 2.4 | Dec 2023 2.4 | Mar 2024 1.7 | Jun 2024 5.8 | Sep 2024 2.8 | Dec 2024 2.3 | Mar 2025 2.3 | Jun 2025 4.3 | Sep 2025 3.4 | Dec 2025 3.0 | Mar 2026 2.5 | Jun 2026 3.0 - NSIL: Sep 2021 0.3 | Dec 2021 0.1 | Mar 2022 0.1 | Jun 2022 0.1 | Sep 2022 0.1 | Dec 2022 0.2 | Mar 2023 0.1 | Jun 2023 0.1 | Sep 2023 0.2 | Dec 2023 0.2 | Mar 2024 0.1 | Jun 2024 0.3 | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 0.2 | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 0.2 | Jun 2026 — - MUFIN: Sep 2021 0.7 | Dec 2021 1.5 | Mar 2022 1.3 | Jun 2022 2.3 | Sep 2022 2.6 | Dec 2022 4.0 | Mar 2023 3.7 | Jun 2023 4.8 | Sep 2023 7.8 | Dec 2023 15.4 | Mar 2024 8.8 | Jun 2024 7.9 | Sep 2024 7.5 | Dec 2024 6.7 | Mar 2025 4.4 | Jun 2025 4.9 | Sep 2025 5.2 | Dec 2025 6.2 | Mar 2026 5.4 | Jun 2026 — - SPICELOUNG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 5.5 | Mar 2025 7.8 | Jun 2025 18.9 | Sep 2025 25.1 | Dec 2025 29.3 | Mar 2026 — | Jun 2026 — - GRANDOAK: Sep 2021 0.6 | Dec 2021 0.7 | Mar 2022 0.6 | Jun 2022 0.8 | Sep 2022 0.5 | Dec 2022 0.9 | Mar 2023 0.8 | Jun 2023 0.5 | Sep 2023 0.8 | Dec 2023 1.3 | Mar 2024 1.1 | Jun 2024 1.3 | Sep 2024 0.0 | Dec 2024 2.4 | Mar 2025 1.5 | Jun 2025 0.0 | Sep 2025 3.1 | Dec 2025 2.4 | Mar 2026 1.8 | Jun 2026 — - ALGOQUANT: Sep 2021 — | Dec 2021 — | Mar 2022 9.8 | Jun 2022 7.7 | Sep 2022 6.1 | Dec 2022 10.9 | Mar 2023 12.2 | Jun 2023 13.4 | Sep 2023 14.9 | Dec 2023 25.0 | Mar 2024 15.6 | Jun 2024 14.1 | Sep 2024 15.1 | Dec 2024 15.9 | Mar 2025 15.8 | Jun 2025 15.7 | Sep 2025 19.3 | Dec 2025 14.5 | Mar 2026 12.9 | Jun 2026 — - PFS: Sep 2021 0.5 | Dec 2021 0.6 | Mar 2022 0.5 | Jun 2022 0.4 | Sep 2022 0.4 | Dec 2022 0.4 | Mar 2023 0.4 | Jun 2023 0.6 | Sep 2023 0.8 | Dec 2023 1.1 | Mar 2024 1.0 | Jun 2024 1.2 | Sep 2024 1.3 | Dec 2024 1.1 | Mar 2025 0.8 | Jun 2025 1.1 | Sep 2025 0.8 | Dec 2025 0.7 | Mar 2026 0.6 | Jun 2026 — - BFINVEST: Sep 2021 0.4 | Dec 2021 0.3 | Mar 2022 0.3 | Jun 2022 0.3 | Sep 2022 0.3 | Dec 2022 0.3 | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 0.4 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.6 | Sep 2024 0.4 | Dec 2024 0.3 | Mar 2025 0.2 | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 0.2 | Jun 2026 — - BLIL: Sep 2021 0.8 | Dec 2021 0.8 | Mar 2022 0.8 | Jun 2022 0.7 | Sep 2022 0.8 | Dec 2022 0.8 | Mar 2023 0.7 | Jun 2023 0.8 | Sep 2023 0.8 | Dec 2023 1.0 | Mar 2024 1.2 | Jun 2024 1.7 | Sep 2024 1.6 | Dec 2024 1.3 | Mar 2025 1.2 | Jun 2025 1.5 | Sep 2025 1.3 | Dec 2025 1.2 | Mar 2026 1.1 | Jun 2026 — - PNBGILTS: Sep 2021 0.9 | Dec 2021 0.9 | Mar 2022 0.8 | Jun 2022 0.8 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.7 | Jun 2023 0.8 | Sep 2023 1.1 | Dec 2023 1.4 | Mar 2024 1.5 | Jun 2024 2.1 | Sep 2024 1.7 | Dec 2024 1.4 | Mar 2025 1.0 | Jun 2025 1.3 | Sep 2025 1.1 | Dec 2025 0.9 | Mar 2026 0.7 | Jun 2026 1.0 - ZSARACOM: Sep 2021 0.7 | Dec 2021 0.7 | Mar 2022 0.8 | Jun 2022 0.9 | Sep 2022 0.8 | Dec 2022 0.7 | Mar 2023 0.6 | Jun 2023 0.6 | Sep 2023 0.7 | Dec 2023 0.6 | Mar 2024 1.1 | Jun 2024 1.8 | Sep 2024 3.5 | Dec 2024 2.1 | Mar 2025 1.4 | Jun 2025 2.2 | Sep 2025 1.4 | Dec 2025 1.3 | Mar 2026 0.9 | Jun 2026 — - GCSL: Sep 2021 2.1 | Dec 2021 2.4 | Mar 2022 2.3 | Jun 2022 1.2 | Sep 2022 4.9 | Dec 2022 4.2 | Mar 2023 10.2 | Jun 2023 8.7 | Sep 2023 5.9 | Dec 2023 6.2 | Mar 2024 6.6 | Jun 2024 15.2 | Sep 2024 5.2 | Dec 2024 4.4 | Mar 2025 3.2 | Jun 2025 6.0 | Sep 2025 2.9 | Dec 2025 5.9 | Mar 2026 5.8 | Jun 2026 — - DOLATALGO: Sep 2021 4.4 | Dec 2021 3.6 | Mar 2022 3.5 | Jun 2022 3.1 | Sep 2022 2.1 | Dec 2022 1.9 | Mar 2023 1.4 | Jun 2023 1.5 | Sep 2023 1.3 | Dec 2023 1.6 | Mar 2024 1.8 | Jun 2024 3.7 | Sep 2024 3.1 | Dec 2024 2.4 | Mar 2025 1.6 | Jun 2025 2.2 | Sep 2025 1.4 | Dec 2025 1.4 | Mar 2026 1.1 | Jun 2026 — - INDPRUD: Sep 2021 0.5 | Dec 2021 0.4 | Mar 2022 0.4 | Jun 2022 0.5 | Sep 2022 0.5 | Dec 2022 0.5 | Mar 2023 0.5 | Jun 2023 0.6 | Sep 2023 1.0 | Dec 2023 1.1 | Mar 2024 1.2 | Jun 2024 1.8 | Sep 2024 1.4 | Dec 2024 1.2 | Mar 2025 1.1 | Jun 2025 1.5 | Sep 2025 1.3 | Dec 2025 1.1 | Mar 2026 1.1 | Jun 2026 — - CREST: Sep 2021 0.6 | Dec 2021 0.8 | Mar 2022 0.9 | Jun 2022 0.8 | Sep 2022 0.5 | Dec 2022 0.6 | Mar 2023 0.8 | Jun 2023 1.1 | Sep 2023 0.7 | Dec 2023 0.8 | Mar 2024 1.0 | Jun 2024 1.1 | Sep 2024 1.4 | Dec 2024 1.0 | Mar 2025 0.9 | Jun 2025 1.0 | Sep 2025 0.9 | Dec 2025 0.9 | Mar 2026 0.7 | Jun 2026 — - MASTERTR: Sep 2021 0.8 | Dec 2021 1.2 | Mar 2022 1.1 | Jun 2022 1.1 | Sep 2022 0.8 | Dec 2022 0.7 | Mar 2023 0.9 | Jun 2023 2.6 | Sep 2023 2.1 | Dec 2023 2.4 | Mar 2024 3.8 | Jun 2024 4.8 | Sep 2024 3.9 | Dec 2024 3.2 | Mar 2025 2.4 | Jun 2025 3.2 | Sep 2025 2.5 | Dec 2025 1.9 | Mar 2026 1.0 | Jun 2026 — - STEL: Sep 2021 0.5 | Dec 2021 0.3 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.3 | Dec 2022 0.3 | Mar 2023 0.4 | Jun 2023 0.3 | Sep 2023 0.5 | Dec 2023 0.5 | Mar 2024 0.5 | Jun 2024 1.0 | Sep 2024 0.7 | Dec 2024 0.4 | Mar 2025 0.3 | Jun 2025 0.5 | Sep 2025 0.5 | Dec 2025 0.5 | Mar 2026 0.4 | Jun 2026 — - AFSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.2 | Jun 2023 1.9 | Sep 2023 2.1 | Dec 2023 1.8 | Mar 2024 1.5 | Jun 2024 2.8 | Sep 2024 2.0 | Dec 2024 1.3 | Mar 2025 0.9 | Jun 2025 1.3 | Sep 2025 1.0 | Dec 2025 0.9 | Mar 2026 0.9 | Jun 2026 — - PRIMESECU: Sep 2021 4.1 | Dec 2021 5.2 | Mar 2022 4.5 | Jun 2022 4.4 | Sep 2022 2.7 | Dec 2022 2.7 | Mar 2023 3.1 | Jun 2023 3.2 | Sep 2023 4.0 | Dec 2023 4.1 | Mar 2024 4.4 | Jun 2024 4.4 | Sep 2024 6.0 | Dec 2024 5.0 | Mar 2025 4.3 | Jun 2025 4.5 | Sep 2025 4.4 | Dec 2025 4.1 | Mar 2026 4.0 | Jun 2026 3.9 - CONSOFINVT: Sep 2021 0.3 | Dec 2021 0.3 | Mar 2022 0.3 | Jun 2022 0.2 | Sep 2022 0.3 | Dec 2022 0.3 | Mar 2023 0.2 | Jun 2023 0.3 | Sep 2023 0.3 | Dec 2023 0.7 | Mar 2024 0.5 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 0.4 | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.3 | Mar 2026 0.4 | Jun 2026 — - FEDDERSHOL: Sep 2021 0.3 | Dec 2021 0.9 | Mar 2022 0.4 | Jun 2022 0.4 | Sep 2022 0.7 | Dec 2022 0.8 | Mar 2023 0.9 | Jun 2023 1.0 | Sep 2023 0.7 | Dec 2023 1.6 | Mar 2024 1.9 | Jun 2024 1.1 | Sep 2024 2.5 | Dec 2024 2.5 | Mar 2025 1.6 | Jun 2025 1.1 | Sep 2025 1.8 | Dec 2025 1.6 | Mar 2026 1.0 | Jun 2026 — - FINKURVE: Sep 2021 4.7 | Dec 2021 3.5 | Mar 2022 5.0 | Jun 2022 5.4 | Sep 2022 4.4 | Dec 2022 5.4 | Mar 2023 5.6 | Jun 2023 6.8 | Sep 2023 5.8 | Dec 2023 5.3 | Mar 2024 4.2 | Jun 2024 4.7 | Sep 2024 6.9 | Dec 2024 10.4 | Mar 2025 8.6 | Jun 2025 9.8 | Sep 2025 8.1 | Dec 2025 8.2 | Mar 2026 4.5 | Jun 2026 — - SYSTMTXC: Sep 2021 5.8 | Dec 2021 6.0 | Mar 2022 5.2 | Jun 2022 7.4 | Sep 2022 3.1 | Dec 2022 2.9 | Mar 2023 3.0 | Jun 2023 3.5 | Sep 2023 4.8 | Dec 2023 7.7 | Mar 2024 9.6 | Jun 2024 15.2 | Sep 2024 15.2 | Dec 2024 14.8 | Mar 2025 10.9 | Jun 2025 9.3 | Sep 2025 5.9 | Dec 2025 6.4 | Mar 2026 2.5 | Jun 2026 — - VLSFINANCE: Sep 2021 0.4 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.2 | Dec 2022 0.2 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.3 | Dec 2023 0.2 | Mar 2024 0.3 | Jun 2024 0.5 | Sep 2024 0.5 | Dec 2024 0.4 | Mar 2025 0.2 | Jun 2025 0.3 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.3 | Jun 2026 — - CIFL: Sep 2021 1.6 | Dec 2021 1.6 | Mar 2022 1.7 | Jun 2022 1.5 | Sep 2022 1.3 | Dec 2022 1.2 | Mar 2023 1.1 | Jun 2023 1.2 | Sep 2023 1.6 | Dec 2023 1.7 | Mar 2024 1.7 | Jun 2024 1.3 | Sep 2024 1.8 | Dec 2024 2.3 | Mar 2025 1.9 | Jun 2025 2.5 | Sep 2025 2.2 | Dec 2025 2.2 | Mar 2026 1.3 | Jun 2026 — - NBIFIN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 — | Jun 2026 — - OSWALGREEN: Sep 2021 — | Dec 2021 — | Mar 2022 0.2 | Jun 2022 — | Sep 2022 0.3 | Dec 2022 0.3 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.3 | Dec 2023 0.3 | Mar 2024 0.3 | Jun 2024 0.4 | Sep 2024 0.6 | Dec 2024 0.5 | Mar 2025 0.4 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.3 | Mar 2026 0.2 | Jun 2026 — - DHUNINV: Sep 2021 — | Dec 2021 — | Mar 2022 0.1 | Jun 2022 — | Sep 2022 — | Dec 2022 0.2 | Mar 2023 0.2 | Jun 2023 0.2 | Sep 2023 0.2 | Dec 2023 0.3 | Mar 2024 0.3 | Jun 2024 0.4 | Sep 2024 0.6 | Dec 2024 0.4 | Mar 2025 0.3 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.3 | Mar 2026 0.1 | Jun 2026 — - PTL: Sep 2021 — | Dec 2021 — | Mar 2022 0.7 | Jun 2022 — | Sep 2022 — | Dec 2022 0.7 | Mar 2023 0.7 | Jun 2023 0.8 | Sep 2023 0.8 | Dec 2023 0.7 | Mar 2024 0.7 | Jun 2024 0.9 | Sep 2024 0.7 | Dec 2024 0.6 | Mar 2025 0.6 | Jun 2025 0.7 | Sep 2025 0.6 | Dec 2025 0.6 | Mar 2026 0.6 | Jun 2026 — - THEINVEST: Sep 2021 — | Dec 2021 — | Mar 2022 0.9 | Jun 2022 — | Sep 2022 — | Dec 2022 0.7 | Mar 2023 0.6 | Jun 2023 0.7 | Sep 2023 0.7 | Dec 2023 0.9 | Mar 2024 1.1 | Jun 2024 1.3 | Sep 2024 1.6 | Dec 2024 1.5 | Mar 2025 0.9 | Jun 2025 1.2 | Sep 2025 1.1 | Dec 2025 0.9 | Mar 2026 0.7 | Jun 2026 — - CSLFINANCE: Sep 2021 — | Dec 2021 — | Mar 2022 1.3 | Jun 2022 — | Sep 2022 — | Dec 2022 1.5 | Mar 2023 1.2 | Jun 2023 2.1 | Sep 2023 1.9 | Dec 2023 2.4 | Mar 2024 2.5 | Jun 2024 2.6 | Sep 2024 2.1 | Dec 2024 1.5 | Mar 2025 1.2 | Jun 2025 1.6 | Sep 2025 1.2 | Dec 2025 1.2 | Mar 2026 0.9 | Jun 2026 — ## Market action Gretex Corporate Services Ltd has the strongest one-year price move in Finance & Investments - Others at +84%. It also leads on Mansfield relative strength against NIFTY at +55.6%. 14 of 33 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24. ### Strongest one-year price performers 1. Gretex Corporate Services Ltd (GCSL): 84% 2. Grand Oak Canyons Distillery Ltd (GRANDOAK): 75% 3. Consolidated Finvest & Holdings Ltd (CONSOFINVT): 40% 4. STEL Holdings Ltd (STEL): 37% 5. Mufin Green Finance Ltd (MUFIN): 35% ### Strongest relative strength versus NIFTY 500 1. Gretex Corporate Services Ltd (GCSL): 56% 2. Consolidated Finvest & Holdings Ltd (CONSOFINVT): 41% 3. STEL Holdings Ltd (STEL): 17% 4. Mufin Green Finance Ltd (MUFIN): 15% 5. Algoquant Fintech Ltd (ALGOQUANT): 11% ## What can make this comparison misleading? - 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. - 3 companies have older fundamental reporting dates than the sector’s freshest reporters; their ranks carry a stale marker. - Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing. - 20 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear. - 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: Funding base, Asset quality have fewer than three usable current readings. ## Every company - Authum Investment & Infrastructure Ltd (AIIL) — market value ₹45.1K Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD - Bengal & Assam Company Ltd (533095) — market value ₹7.1K Cr; latest fundamentals Mar 2026 - Nalwa Sons Investments Ltd (NSIL) — market value ₹2.8K Cr; latest fundamentals Mar 2026 - Mufin Green Finance Ltd (MUFIN) — market value ₹2.5K Cr; latest fundamentals Mar 2026 - Spice Lounge Food Works Ltd (SPICELOUNG) — market value ₹2.1K Cr; latest fundamentals Dec 2025 - Grand Oak Canyons Distillery Ltd (GRANDOAK) — market value ₹1.9K Cr; latest fundamentals Mar 2026 - Algoquant Fintech Ltd (ALGOQUANT) — market value ₹1.9K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - PTC India Financial Services Ltd (PFS) — market value ₹1.9K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - BF Investment Ltd (BFINVEST) — market value ₹1.7K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Balmer Lawrie Investment Ltd (BLIL) — market value ₹1.6K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - PNB Gilts Ltd (PNBGILTS) — market value ₹1.5K Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures - Saraswati Commercial (India) Ltd (ZSARACOM) — market value ₹1.4K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Gretex Corporate Services Ltd (GCSL) — market value ₹1.3K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Dolat Algotech Ltd (DOLATALGO) — market value ₹1.2K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Industrial & Prudential Investment Company Ltd (INDPRUD) — market value ₹1.1K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Crest Ventures Ltd (CREST) — market value ₹1.1K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Master Trust Ltd (MASTERTR) — market value ₹1.0K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - STEL Holdings Ltd (STEL) — market value ₹1.0K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Abans Financial Services Ltd (AFSL) — market value ₹1.0K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Prime Securities Ltd (PRIMESECU) — market value ₹931 Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures - Consolidated Finvest & Holdings Ltd (CONSOFINVT) — market value ₹927 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Fedders Holding Ltd (FEDDERSHOL) — market value ₹919 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Finkurve Financial Services Ltd (FINKURVE) — market value ₹871 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Systematix Corporate Services Ltd (SYSTMTXC) — market value ₹820 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - VLS Finance Ltd (VLSFINANCE) — market value ₹795 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - Capital India Finance Ltd (CIFL) — market value ₹784 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures - NBI Industrial Finance Company Ltd (NBIFIN) — market value ₹655 Cr; latest fundamentals Dec 2025 - Oswal Green Tech Ltd (OSWALGREEN) — market value ₹532 Cr; latest fundamentals Mar 2026 - Dhunseri Investments Ltd (DHUNINV) — market value ₹527 Cr; latest fundamentals Mar 2026 - Eraaya Lifespaces Ltd (EBIX) — market value ₹522 Cr; latest fundamentals Jun 2025 - PTL Enterprises Ltd (PTL) — market value ₹520 Cr; latest fundamentals Mar 2026 - The Investment Trust of India Ltd (THEINVEST) — market value ₹497 Cr; latest fundamentals Mar 2026 - CSL Finance Ltd (CSLFINANCE) — market value ₹483 Cr; latest fundamentals Mar 2026 ## Source standing of each company Cross-checked: 3. Unverified: 29. Withheld: 1. Graded companies: 33. 20 of 33 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 33 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Authum Investment & Infrastructure Ltd (AIIL) — its two data sources disagree by up to 272% on reported income across 14 comparable periods, so its derived ratios are withheld. - WITHHELD | AIIL | Authum Investment & Infrastructure Ltd | diff_gt_2pct | disagreement up to 271.72% over 14 comparable periods - UNVERIFIED | ALGOQUANT | Algoquant Fintech Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | PFS | PTC India Financial Services Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | BFINVEST | BF Investment Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | BLIL | Balmer Lawrie Investment Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | PNBGILTS | PNB Gilts Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | ZSARACOM | Saraswati Commercial (India) Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | GCSL | Gretex Corporate Services Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | DOLATALGO | Dolat Algotech Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | INDPRUD | Industrial & Prudential Investment Company Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | CREST | Crest Ventures Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | MASTERTR | Master Trust Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | STEL | STEL Holdings Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | AFSL | Abans Financial Services Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | PRIMESECU | Prime Securities Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | CONSOFINVT | Consolidated Finvest & Holdings Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | FEDDERSHOL | Fedders Holding Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | FINKURVE | Finkurve Financial Services Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | SYSTMTXC | Systematix Corporate Services Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | VLSFINANCE | VLS Finance Ltd | too little overlapping reported history to cross-check the second feed - UNVERIFIED | CIFL | Capital India Finance Ltd | too little overlapping reported history to cross-check the second feed ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-07-24. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### What is the Nifty Finance & Investments - Others index? The Nifty Finance & Investments - Others index tracks India's listed Finance & Investments - Others companies as a single basket. This page follows the same 33 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 - Others sector rather than to its largest constituent. Figures are as of Jun 2026. ### Which are the best Finance & Investments - Others stocks in India? Ranked by this page's four-factor score, Fedders Holding Ltd places first among 33 listed Finance & Investments - Others companies, followed by Consolidated Finvest & Holdings 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 - Others stocks are listed in India? This comparison covers 33 listed Finance & Investments - Others 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 - Others company is the biggest? Abans Financial Services Ltd is the largest, with trailing-twelve-month income of ₹23,928 crore, ahead of Authum Investment & Infrastructure Ltd at ₹2,864 crore. That covers 33 of 33 companies with comparable reporting through Mar 2026. ### Which Finance & Investments - Others company is growing fastest? Abans Financial Services Ltd has the fastest income growth at 100% year on year, across 31 of 33 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 - Others company makes the most profit? Authum Investment & Infrastructure Ltd earns the most, at ₹2,094 crore of trailing-twelve-month net profit, from 33 of 33 comparable companies. Fedders Holding Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Finance & Investments - Others lender has the best asset quality? CSL Finance Ltd reports the lowest gross NPA ratio at 1.1% — lower is better — across 1 of 33 lenders. Read the direction as well as the level: a rising NPA ratio off a low base can matter more than a high but falling one. ### Which Finance & Investments - Others company earns the highest return on capital? Algoquant Fintech Ltd leads on return on assets at 12%, across 29 of 33 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 - Others stock is the cheapest? On price-to-book divided by return on equity — where a LOWER number is cheaper — Consolidated Finvest & Holdings Ltd screens cheapest at 0.02×. Only 31 of 33 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. ### Is the Finance & Investments - Others sector beating the market? Finance & Investments - Others has underperformed NIFTY 500 by 8.8% over the last 52 weeks and 5.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 14 of 33 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Finance & Investments - Others stock has the strongest price momentum? Gretex Corporate Services 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 - Others company scores highest for research priority? Fedders Holding Ltd scores 71.4 out of 100 with 76% evidence confidence, from 24.6 points on growth and earnings, 18 on capital efficiency, 13.1 on valuation and 15.7 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 - Others companies does this comparison cover, and over what period? It compares 33 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 - Others sector? The 33 Finance & Investments - Others companies on this page carry ₹89,008 crore of combined market value. Authum Investment & Infrastructure Ltd is the largest at ₹45,102 crore, about 51% 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 - Others sector's P/B ratio? The median price-to-book ratio across the 33 Finance & Investments - Others companies on this page is 1.1×, measured on the 33 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 - Others sector performing? 14 of the 33 covered Finance & Investments - Others companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 8.8% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. 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. Narrative sector analysis: https://www.sectoralpha.in/sectors/finance-investments-others