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

NBFC - Others Stocks in India

NBFC - Others: Aye Finance Ltd owns the largest revenue base; Dhenu Buildcon Infra Ltd has the fastest current growth.

Nifty NBFC - Others Index — Constituents & Performance

The NBFC - Others companies below are the listed Indian NBFC - Others universe this page tracks — the same constituent set people search for as the Nifty NBFC - Others index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has NBFC - Others moved against NIFTY 500?

The line below covers 5 years. Over the most recent two of them this sector is 459% ahead of NIFTY 500. Earnings across its companies grew 0% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 54 weeks running.

LEADER · ahead 54wPrice up, without the fundamentals confirming3 of 4 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑54w · 4/4 >200d (+0) · 3/4 lead (−1) · EPS 3/4↑

200500100020005000202620252024202320222021 4701328 TRAILING 12-MONTH EPS · 100 AT THE START-17015Sep 24Mar 25Sep 25Mar 26Sep 2024 · trailing 12-month earnings per share fell 6.6% · 2 reportingDec 2024 · trailing 12-month earnings per share fell 13.4% · 2 reportingMar 2025 · trailing 12-month earnings per share grew 14.8% · 2 reportingJun 2025 · trailing 12-month earnings per share grew 9.8% · 2 reportingSep 2025 · trailing 12-month earnings per share fell 17.3% · 2 reportingDec 2025 · trailing 12-month earnings per share fell 5.3% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 14.6% · 2 reportingNot reported yet — earnings trail price by a quarter or two15 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020005000202620252024202320222021 4701328 TRAILING 12-MONTH EPS · 100 AT THE START-17015Mar 25Mar 26Sep 2024 · trailing 12-month earnings per share fell 6.6% · 2 reportingDec 2024 · trailing 12-month earnings per share fell 13.4% · 2 reportingMar 2025 · trailing 12-month earnings per share grew 14.8% · 2 reportingJun 2025 · trailing 12-month earnings per share grew 9.8% · 2 reportingSep 2025 · trailing 12-month earnings per share fell 17.3% · 2 reportingDec 2025 · trailing 12-month earnings per share fell 5.3% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 14.6% · 2 reportingNot reported yet — earnings trail price by a quarter or two15No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
NBFC - Others, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Broad but lateHow much of the sector is participating, how recently, and whether the movers score well.
Together3 of 4 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score −2 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/10
Mid 1/2−1
Small 1/10

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is NBFC - Others outperforming NIFTY 500?

The 52-week comparison of NBFC - Others against NIFTY 500 is not available from the current market series. 5 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Dhenu Buildcon Infra Ltd is the strongest against the sector itself at +1.4%. Readings are as of 2026-07-19.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
5/5Stocks leading NIFTY 500
1/4Stocks leading sector

Sector metric: 64.0 as of 2026-07-19 · NARROWING · rising.

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

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

Bottom line

The 52-week sector comparison is unavailable. 5 of 5 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Aye Finance Ltd leads with income of ₹1,872 crore, based on 7 of 7 comparable companies through Jun 2026. Dhenu Buildcon Infra Ltd has the fastest current income growth at 100%, across 6 of 7 comparable companies.

Is the NBFC - Others sector outperforming NIFTY 500?

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

Which NBFC - Others company is largest by income?

Aye Finance Ltd leads with income of ₹1,872 crore, based on 7 of 7 comparable companies through Jun 2026.

Which NBFC - Others company is growing fastest?

Dhenu Buildcon Infra Ltd has the fastest current income growth at 100%, across 6 of 7 comparable companies.

Which NBFC - Others company has the strongest 4-Factor Sector Score?

Unifinz Capital India Ltd ranks first at 70/100 with 52.7% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which NBFC - Others company has the lowest comparable P/BV-to-ROE?

Unifinz Capital India Ltd has the lowest comparable P/BV ÷ ROE at 0.04, among 5 of 7 companies that pass the metric’s comparability rules.

How much history does this NBFC - 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.

Companies
7
complete canonical membership
Combined market value
₹18.1K Cr
Mrugesh Trading Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
5/5
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

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

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Unifinz Capital India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 52.7% evidence confidence.

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

1. Unifinz Capital India Ltd · 541358

70.0/100 · Thin evidence · provisional · 53% evidence

Exact sum: 26.6 + 15.4 + 17.9 + 10.1 = 70

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

26.6/35Growth & earnings

Income 100% · PAT 100%

55% evidence

15.4/25Capital efficiency

ROA — · ROE 72.1% · GNPA —

34% evidence

17.9/20Valuation

P/BV 2.96× · P/BV÷ROE 0.04

100% evidence

10.1/20Relative strength

RS sector — · RS bench 15% · 1Y —

25% evidence

2. A.K.Capital Services Ltd · 530499

52.9/100 · Mixed-positive evidence · 68% evidence

Exact sum: 22.2 + 12.9 + 12.1 + 5.7 = 52.9

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

22.2/35Growth & earnings

Income 18.9% · PAT 31%

55% evidence

12.9/25Capital efficiency

ROA — · ROE 10.9% · GNPA —

34% evidence

12.1/20Valuation

P/BV 1.11× · P/BV÷ROE 0.1

100% evidence

5.7/20Relative strength

RS sector -40.6% · RS bench 23% · 1Y 57.3%

100% evidence

3. Manba Finance Ltd · MANBA

52.0/100 · Mixed-positive evidence · 81% evidence

Exact sum: 18.1 + 17.5 + 11.6 + 4.8 = 52

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

18.1/35Growth & earnings

Income 30.7% · PAT 18.4%

83% evidence

17.5/25Capital efficiency

ROA 2.3% · ROE 11.6% · GNPA 3.6%

95% evidence

11.6/20Valuation

P/BV 1.69× · P/BV÷ROE 0.15

70% evidence

4.8/20Relative strength

RS sector -58.2% · RS bench 5% · 1Y -3.1%

70% evidence

4. India Finsec Ltd · 535667

49.3/100 · Mixed-negative evidence · 62% evidence

Exact sum: 21.7 + 15.3 + 3.3 + 9 = 49.3

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

21.7/35Growth & earnings

Income 19.1% · PAT 19.9%

55% evidence

15.3/25Capital efficiency

ROA — · ROE 16% · GNPA —

34% evidence

3.3/20Valuation

P/BV 8.44× · P/BV÷ROE 0.53

70% evidence

9.0/20Relative strength

RS sector -42.1% · RS bench 23% · 1Y 55%

100% evidence

5. Dhenu Buildcon Infra Ltd · 501945

52.7/100 · Thin evidence · provisional · 35% evidence

Exact sum: 21.7 + 9.2 + 9.7 + 12.1 = 52.7

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

21.7/35Growth & earnings

Income 100% · PAT -80%

29% evidence

9.2/25Capital efficiency

ROA — · ROE -0.2% · GNPA —

34% evidence

9.7/20Valuation

P/BV 6.12× · P/BV÷ROE —

10% evidence

12.1/20Relative strength

RS sector 1.4% · RS bench 18.6% · 1Y 57.3%

70% evidence

6. Aye Finance Ltd · AYE

47.5/100 · Thin evidence · provisional · 26% evidence

Exact sum: 16.2 + 11.9 + 9.4 + 10 = 47.5

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

16.2/35Growth & earnings

Income — · PAT —

10% evidence

11.9/25Capital efficiency

ROA — · ROE 9.2% · GNPA —

34% evidence

9.4/20Valuation

P/BV 1.67× · P/BV÷ROE 0.18

70% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y —

0% evidence

7. Mrugesh Trading Ltd · 512065

39.7/100 · Thin evidence · provisional · 21% evidence

Exact sum: 12.5 + 8.2 + 9 + 10 = 39.7

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

12.5/35Growth & earnings

Income -44% · PAT -80%

29% evidence

8.2/25Capital efficiency

ROA — · ROE -0.5% · GNPA —

34% evidence

9.0/20Valuation

P/BV 79.1× · P/BV÷ROE —

10% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y 13680.8%

0% evidence

01 · compare level, then change

Income Scale & Growth Durability

Aye Finance Ltd has the highest Income among the 7 NBFC - Others companies compared here, at ₹1,872 crore. A.K.Capital Services Ltd is next at ₹572 crore. Dhenu Buildcon Infra Ltd has the highest Income growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Aye Finance Ltd is the scale leader at ₹1,872 crore, 227.3% ahead of A.K.Capital Services Ltd. Dhenu Buildcon Infra Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 7200% from a ₹1 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAye Finance Ltd · ₹1,872 crore
Gap227.3% versus #2 · A.K.Capital Services Ltd
Persistence3/3 recent comparable periods
Coverage7/7 companies · 90 observations

Investor read: Aye Finance Ltd is the scale benchmark; Dhenu Buildcon Infra Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Aye Finance Ltd's growth falls below Dhenu Buildcon Infra Ltd's for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
1Aye Finance Ltd AYE₹1.9K Cr
2A.K.Capital Services Ltd 530499₹572 Cr
3Unifinz Capital India Ltd 541358₹512 Cr
4Manba Finance Ltd MANBA⚠ unverified₹328 Cr
5India Finsec Ltd 535667₹85 Cr
Income growthfastest growers
1Dhenu Buildcon Infra Ltd 501945100%
2Unifinz Capital India Ltd 541358100%
3Manba Finance Ltd MANBA⚠ unverified31%
4India Finsec Ltd 53566719%
5A.K.Capital Services Ltd 53049919%
Income · company comparison
7/7 level · 6/7 change

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

All-company data · latest reported quarter

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

CompanyIncomeIncome growthReported
Aye Finance Ltd AYE₹477 Cr18%Jun 2026
Unifinz Capital India Ltd 541358₹152 Cr238%Mar 2026
A.K.Capital Services Ltd 530499₹149 Cr14%Mar 2026
Manba Finance Ltd MANBA⚠ unverified₹93 Cr37%Mar 2026
India Finsec Ltd 535667₹24 Cr35%Mar 2026
Mrugesh Trading Ltd 512065₹7 Cr-16%Mar 2026
Dhenu Buildcon Infra Ltd 501945₹-1 Cr-9,500%Mar 2026
Full 20-quarter history · every available company

Income · reported quarter history

A.K.Capital Services Ltd · 530499

₹105 Cr
₹116 Cr
₹116 Cr
₹124 Cr
₹132 Cr
₹147 Cr
₹115 Cr
₹120 Cr
₹115 Cr
₹131 Cr
₹134 Cr
₹154 Cr
₹135 Cr
₹149 Cr

Aye Finance Ltd · AYE

₹361 Cr
₹409 Cr
₹405 Cr
₹437 Cr
₹443 Cr
₹515 Cr
₹477 Cr

Dhenu Buildcon Infra Ltd · 501945

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹-1 Cr

India Finsec Ltd · 535667

₹12 Cr
₹14 Cr
₹15 Cr
₹16 Cr
₹16 Cr
₹17 Cr
₹17 Cr
₹18 Cr
₹19 Cr
₹18 Cr
₹19 Cr
₹20 Cr
₹22 Cr
₹24 Cr

Manba Finance Ltd · MANBA⚠ unverified

₹30 Cr
₹35 Cr
₹35 Cr
₹48 Cr
₹55 Cr
₹49 Cr
₹65 Cr
₹69 Cr
₹68 Cr
₹67 Cr
₹78 Cr
₹90 Cr
₹93 Cr

Mrugesh Trading Ltd · 512065

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹11 Cr
₹2 Cr
₹8 Cr
₹0 Cr
₹1 Cr
₹4 Cr
₹7 Cr

Unifinz Capital India Ltd · 541358

₹3 Cr
₹4 Cr
₹9 Cr
₹8 Cr
₹9 Cr
₹15 Cr
₹24 Cr
₹37 Cr
₹45 Cr
₹83 Cr
₹129 Cr
₹148 Cr
₹152 Cr

Income growth · reported quarter history

A.K.Capital Services Ltd · 530499

26%
27%
-0.9%
-3.2%
-13%
-11%
17%
28%
17%
14%

Aye Finance Ltd · AYE

23%
26%
18%

Dhenu Buildcon Infra Ltd · 501945

-9,500%

India Finsec Ltd · 535667

32%
23%
11%
14%
14%
8.1%
12%
12%
17%
35%

Manba Finance Ltd · MANBA⚠ unverified

17%
57%
40%
44%
24%
37%
20%
30%
37%

Mrugesh Trading Ltd · 512065

-91%
146%
-16%

Unifinz Capital India Ltd · 541358

200%
275%
167%
363%
400%
453%
438%
300%
238%
02 · compare level, then change

Profit Scale & Acceleration

Aye Finance Ltd has the highest Net profit among the 7 NBFC - Others companies compared here, at ₹238 crore. A.K.Capital Services Ltd is next at ₹114 crore. Unifinz Capital India Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Aye Finance Ltd leads with ₹238 crore of TTM profit, 108.8% above A.K.Capital Services Ltd. Unifinz Capital India Ltd shows ≥100% on the scoring scale (335% uncapped) growth from a ₹87 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAye Finance Ltd · ₹238 crore
Gap108.8% versus #2 · A.K.Capital Services Ltd
Persistence3/3 recent comparable periods
Coverage7/7 companies · 90 observations

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

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

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
1Aye Finance Ltd AYE₹238 Cr
2A.K.Capital Services Ltd 530499₹114 Cr
3Unifinz Capital India Ltd 541358₹87 Cr
4Manba Finance Ltd MANBA⚠ unverified₹45 Cr
5India Finsec Ltd 535667₹22 Cr
Profit growthfastest growers
1Unifinz Capital India Ltd 541358100%
2A.K.Capital Services Ltd 53049931%
3India Finsec Ltd 53566720%
4Manba Finance Ltd MANBA⚠ unverified18%
Net profit · company comparison
7/7 level · 4/7 change

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

All-company data · latest reported quarter

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

CompanyNet profitProfit growthReported
Aye Finance Ltd AYE₹74 Cr139%Jun 2026
A.K.Capital Services Ltd 530499₹33 Cr22%Mar 2026
Unifinz Capital India Ltd 541358₹19 Cr171%Mar 2026
Manba Finance Ltd MANBA⚠ unverified₹11 Cr38%Mar 2026
India Finsec Ltd 535667₹6 Cr25%Mar 2026
Mrugesh Trading Ltd 512065₹-1 Cr2,500%Mar 2026
Dhenu Buildcon Infra Ltd 501945₹-3 Cr-250%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

A.K.Capital Services Ltd · 530499

₹22 Cr
₹25 Cr
₹22 Cr
₹20 Cr
₹20 Cr
₹30 Cr
₹23 Cr
₹20 Cr
₹17 Cr
₹27 Cr
₹24 Cr
₹31 Cr
₹26 Cr
₹33 Cr

Aye Finance Ltd · AYE

₹23 Cr
₹41 Cr
₹31 Cr
₹35 Cr
₹43 Cr
₹86 Cr
₹74 Cr

Dhenu Buildcon Infra Ltd · 501945

₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹-3 Cr

India Finsec Ltd · 535667

₹1 Cr
₹1 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹3 Cr
₹4 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹5 Cr
₹6 Cr
₹5 Cr
₹6 Cr

Manba Finance Ltd · MANBA⚠ unverified

₹4 Cr
₹2 Cr
₹3 Cr
₹5 Cr
₹10 Cr
₹5 Cr
₹12 Cr
₹13 Cr
₹8 Cr
₹10 Cr
₹11 Cr
₹13 Cr
₹11 Cr

Mrugesh Trading Ltd · 512065

₹0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹1 Cr
₹0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹0 Cr
₹-1 Cr

Unifinz Capital India Ltd · 541358

₹-1 Cr
₹-1 Cr
₹1 Cr
₹-1 Cr
₹0 Cr
₹2 Cr
₹5 Cr
₹6 Cr
₹7 Cr
₹17 Cr
₹24 Cr
₹27 Cr
₹19 Cr

Profit growth · reported quarter history

A.K.Capital Services Ltd · 530499

-9.1%
20%
4.6%
0.0%
-15%
-10%
4.4%
55%
53%
22%

Aye Finance Ltd · AYE

87%
110%
139%

Dhenu Buildcon Infra Ltd · 501945

-250%

India Finsec Ltd · 535667

116%
215%
51%
54%
52%
38%
22%
23%
9.5%
25%

Manba Finance Ltd · MANBA⚠ unverified

-50%
400%
67%
160%
-20%
100%
-8.3%
0.0%
38%

Mrugesh Trading Ltd · 512065

-104%
2,500%

Unifinz Capital India Ltd · 541358

400%
750%
380%
350%
171%
03 · compare level, then change

Funding Base & Its Composition

No company in this NBFC - Others comparison has a funding base figure that passes this section's guard, so the Deposits rank is empty. On Borrowings, Aye Finance Ltd is highest at ₹5,065 crore, across 7 of 7 companies with a usable reading.

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

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/7 companies · 0 observations

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

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

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
Not enough comparable data
Borrowingslargest borrowings
1Aye Finance Ltd AYE₹5.1K Cr
2A.K.Capital Services Ltd 530499₹3.1K Cr
3Manba Finance Ltd MANBA⚠ unverified₹1.6K Cr
4Unifinz Capital India Ltd 541358₹278 Cr
5Dhenu Buildcon Infra Ltd 501945₹160 Cr
Funding base · company comparison
0/7 level · 7/7 change

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

All-company data · latest reported quarter

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

CompanyDepositsBorrowingsReported
Dhenu Buildcon Infra Ltd 501945₹160 CrMar 2026
Mrugesh Trading Ltd 512065₹3 CrMar 2026
A.K.Capital Services Ltd 530499₹3.1K CrMar 2026
India Finsec Ltd 535667₹0 CrMar 2026
Unifinz Capital India Ltd 541358₹278 CrMar 2026
Aye Finance Ltd AYE₹5.1K CrJun 2026
Manba Finance Ltd MANBA⚠ unverified₹1.6K CrMar 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

A.K.Capital Services Ltd · 530499

₹1.8K Cr
₹2.2K Cr
₹2.8K Cr
₹3.1K Cr
₹3.3K Cr
₹3.1K Cr

Aye Finance Ltd · AYE

₹1.6K Cr
₹2.3K Cr
₹3.6K Cr
₹4.6K Cr
₹5.1K Cr

Dhenu Buildcon Infra Ltd · 501945

₹0 Cr
₹0 Cr
₹0 Cr
₹1.0K Cr
₹1.0K Cr
₹160 Cr

India Finsec Ltd · 535667

₹85 Cr
₹170 Cr
₹190 Cr
₹198 Cr
₹250 Cr
₹0 Cr

Manba Finance Ltd · MANBA⚠ unverified

₹379 Cr
₹395 Cr
₹395 Cr
₹608 Cr
₹608 Cr
₹663 Cr
₹663 Cr
₹763 Cr
₹763 Cr
₹891 Cr
₹891 Cr
₹1.1K Cr
₹1.1K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr

Mrugesh Trading Ltd · 512065

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹3 Cr

Unifinz Capital India Ltd · 541358

₹1 Cr
₹6 Cr
₹27 Cr
₹34 Cr
₹278 Cr
04 · compare level, then change

Return On Assets

Manba Finance Ltd has the highest ROA among the 7 NBFC - Others companies compared here, at 2.3%. The same company also holds the highest ROA change, at -0.3 percentage points. 1 of 7 companies report a comparable reading, the latest through Mar 2026. Its ROA series carries 4 reported observations across the 20-quarter window.

What the numbers say: Manba Finance Ltd leads both roa at 2.3% and roa change at -0.3 percentage points.

LeaderManba Finance Ltd · 2.3%
GapNot enough peers
Persistence0/2 recent comparable periods
Coverage1/7 companies · 4 observations

Investor read: Manba 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 roa change signal.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
1Manba Finance Ltd MANBA⚠ unverified2.3%
ROA changefastest improvers
1Manba Finance Ltd MANBA⚠ unverified−0.3 pp
Return on assets · company comparison
1/7 level · 1/7 change

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

Withheld from this chart: Aye Finance Ltd (AYE) — its two data sources disagree by up to 3.2% on reported income across 6 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

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

CompanyROAROA changeReported
Manba Finance Ltd MANBA⚠ unverified2.3%−0.3 ppMar 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Manba Finance Ltd · MANBA⚠ unverified

2.5%
2.6%
2.2%
2.3%

ROA change · reported quarter history

Manba Finance Ltd · MANBA⚠ unverified

−0.3 pp
−0.3 pp
05 · compare level, then change

ROE — Leaders & Improvers

Unifinz Capital India Ltd has the highest ROE among the 7 NBFC - Others companies compared here, at 72.1%. India Finsec Ltd is next at 16%. The same company also holds the highest ROE change, at +23 percentage points. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Unifinz Capital India Ltd leads both roe at 72.1% and roe change at +23 percentage points.

LeaderUnifinz Capital India Ltd · 72.1%
Gap350.6% versus #2 · India Finsec Ltd
PersistenceNot enough history
Coverage7/7 companies · 13 observations

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

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

ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROEhighest
1Unifinz Capital India Ltd 54135872%
2India Finsec Ltd 53566716%
3Manba Finance Ltd MANBA⚠ unverified12%
4A.K.Capital Services Ltd 53049911%
5Aye Finance Ltd AYE9.2%
ROE changefastest improvers
1Unifinz Capital India Ltd 541358+23.0 pp
2Dhenu Buildcon Infra Ltd 501945+14.1 pp
3India Finsec Ltd 535667+3.0 pp
4A.K.Capital Services Ltd 530499+2.0 pp
5Manba Finance Ltd MANBA⚠ unverified−1.2 pp
Return on equity · company comparison
7/7 level · 7/7 change

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

Withheld from this chart: Aye Finance Ltd (AYE) — its two data sources disagree by up to 3.2% on reported income across 6 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

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

CompanyROEROE changeReported
Manba Finance Ltd MANBA⚠ unverified14%−1.2 ppMar 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Manba Finance Ltd · MANBA⚠ unverified

3.3%
9.4%
6.4%
31%
11%
21%
10%
17%
15%
8.9%
11%
12%
14%

ROE change · reported quarter history

Manba Finance Ltd · MANBA⚠ unverified

−3.0 pp
+3.9 pp
−14.6 pp
+4.0 pp
−11.6 pp
+0.3 pp
−4.8 pp
−1.2 pp
06 · compare level, then change

Gross NPA — Leaders & Improvers

Manba Finance Ltd has the lowest Gross NPA among the 7 NBFC - Others companies compared here, at 3.6%. The same company also holds the lowest GNPA change, at -0.1 percentage points. 1 of 7 companies report a comparable reading, the latest through Mar 2026. Its Gross NPA series carries 7 reported observations across the 20-quarter window.

What the numbers say: Manba Finance Ltd leads both gross npa at 3.6% and gnpa change at -0.1 percentage points.

LeaderManba Finance Ltd · 3.6%
GapNot enough peers
Persistence2/4 recent comparable periods
Coverage1/7 companies · 8 observations

Investor read: Manba 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.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
Gross NPAlowest
1Manba Finance Ltd MANBA⚠ unverified3.6%
GNPA changefastest improvers
1Manba Finance Ltd MANBA⚠ unverified−0.1 pp
Asset quality · company comparison
1/7 level · 1/7 change

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

All-company data · latest reported quarter

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

CompanyGross NPAGNPA changeReported
Aye Finance Ltd AYE3.8%Jun 2026
Manba Finance Ltd MANBA⚠ unverified3.6%−0.1 ppMar 2026
Full 20-quarter history · every available company

Gross NPA · reported quarter history

Aye Finance Ltd · AYE

3.8%

Manba Finance Ltd · MANBA⚠ unverified

3.6%
3.4%
3.6%
2.8%
3.7%
3.4%
3.6%

GNPA change · reported quarter history

Manba Finance Ltd · MANBA⚠ unverified

−0.7 pp
+0.3 pp
+0.6 pp
−0.1 pp
07 · compare level, then change

Valuation Against Growth & Quality

Unifinz Capital India Ltd has the lowest P/BV ÷ ROE among the 7 NBFC - Others companies compared here, at 0.04×. A.K.Capital Services Ltd is next at 0.1×. A.K.Capital Services Ltd has the lowest P/BV at 1.11×, so level and change sit with different companies. 5 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Unifinz Capital India Ltd has the lowest comparable P/BV ÷ ROE at 0.04×, 60% below A.K.Capital Services Ltd. Only 5 of 7 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderUnifinz Capital India Ltd · 0.04×
Gap60% versus #2 · A.K.Capital Services Ltd
Persistence0/8 recent comparable periods
Coverage5/7 companies · 7 observations

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

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

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
1Unifinz Capital India Ltd 5413580.0
2A.K.Capital Services Ltd 5304990.1
3Manba Finance Ltd MANBA⚠ unverified0.2
4Aye Finance Ltd AYE0.2
5India Finsec Ltd 5356670.5
P/BVlowest P/BV
1A.K.Capital Services Ltd 5304991.1
2Aye Finance Ltd AYE1.7
3Manba Finance Ltd MANBA⚠ unverified1.7
4Unifinz Capital India Ltd 5413583.0
5Dhenu Buildcon Infra Ltd 5019456.1
Valuation · company comparison
5/7 level · 7/7 change

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

All-company data · latest reported quarter

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

CompanyP/BV ÷ ROEP/BVReported
Manba Finance Ltd MANBA⚠ unverified0.11.4Mar 2026
Dhenu Buildcon Infra Ltd 5019454.5Mar 2026
Mrugesh Trading Ltd 51206518.3Mar 2026
A.K.Capital Services Ltd 5304991.0Mar 2026
India Finsec Ltd 5356674.3Mar 2026
Unifinz Capital India Ltd 5413583.4Mar 2026
Aye Finance Ltd AYE1.7Jun 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Manba Finance Ltd · MANBA⚠ unverified

0.2
0.1
0.1
0.2
0.2
0.2
0.1

P/BV · reported quarter history

A.K.Capital Services Ltd · 530499

0.4
0.4
0.4
0.4
0.6
0.6
0.7
0.8
0.8
0.9
0.7
0.8
0.8
1.0
1.0

Aye Finance Ltd · AYE

1.7

Dhenu Buildcon Infra Ltd · 501945

1.1
0.9
1.0
1.1
1.1
1.1
1.2
1.4
1.4
3.5
3.9
3.8
3.3
4.2
3.8
4.5

India Finsec Ltd · 535667

1.2
1.7
0.9
1.5
1.2
2.9
3.3
5.5
5.3
5.3
5.0
5.3
4.4
4.0
4.3

Manba Finance Ltd · MANBA⚠ unverified

2.2
2.2
1.9
2.0
1.9
1.8
1.4

Mrugesh Trading Ltd · 512065

3.8
0.0
0.0
18.3

Unifinz Capital India Ltd · 541358

7.7
4.7
2.2
2.2
2.8
3.9
9.7
36.4
6.3
18.4
20.0
6.4
3.7
3.4
08 · let price answer last

Market action

Mrugesh Trading Ltd has the strongest one-year price move in NBFC - Others at +13680.8%. India Finsec Ltd leads on Mansfield relative strength against NIFTY at +23%. 5 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

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

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

Before the conclusion · check the blind spots

What can make this comparison misleading?

This NBFC - Others comparison names 8 specific ways its own evidence can mislead, all listed below. All 7 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 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, Return on assets, Asset quality have fewer than three usable current readings.
09 · the complete set

Which companies are included?

All 7 companies in the canonical NBFC - Others membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

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

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Mrugesh Trading Ltd 512065AHEAD26/26 WEEKS₹5.7K Cr₹79.12026-07-19Mar 2026Primary source only
Dhenu Buildcon Infra Ltd 50194523/26 WEEKS₹5.2K Cr₹8.72026-07-19Mar 2026Primary source only
Aye Finance Ltd AYE₹4.2K Cr₹1722026-07-19Jun 2026Second feed withheld
A.K.Capital Services Ltd 530499₹1.2K Cr₹1,7602026-07-19Mar 2026Primary source only
Manba Finance Ltd MANBAAHEAD⚠ unverified₹694 Cr₹1382026-07-19Mar 2026Includes unverified figures
India Finsec Ltd 535667AHEAD22/26 WEEKS₹667 Cr₹2282026-07-19Mar 2026Primary source only
Unifinz Capital India Ltd 541358₹487 Cr₹1102026-07-19Mar 2026Primary source only
How each company's sources stand: 1 of 7 companies draws 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 7 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Aye Finance Ltd (AYE) — its two data sources disagree by up to 3.2% on reported income across 6 comparable periods, so its derived ratios are withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 7 NBFC - Others companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing0 cross-checked · 6 unverified · 1 withheld, of 7 graded companies.

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

Questions investors ask · short, speakable answers

NBFC - Others company comparison FAQs

These 17 answers restate the NBFC - Others comparison above in question form. Every one is computed from the same 7 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty NBFC - Others index?

The Nifty NBFC - Others index tracks India's listed NBFC - Others companies as a single basket. This page follows the same 7 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the NBFC - Others sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best NBFC - Others stocks in India?

Ranked by this page's four-factor score, Unifinz Capital India Ltd places first among 7 listed NBFC - Others companies, followed by A.K.Capital Services 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 NBFC - Others stocks are listed in India?

This comparison covers 7 listed NBFC - 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 NBFC - Others company is the biggest?

Aye Finance Ltd is the largest, with trailing-twelve-month income of ₹1,872 crore, ahead of A.K.Capital Services Ltd at ₹572 crore. That covers 7 of 7 companies with comparable reporting through Jun 2026.

Which NBFC - Others company is growing fastest?

Dhenu Buildcon Infra Ltd has the fastest income growth at 100% year on year, across 6 of 7 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 NBFC - Others company makes the most profit?

Aye Finance Ltd earns the most, at ₹238 crore of trailing-twelve-month net profit, from 7 of 7 comparable companies. Unifinz Capital India Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which NBFC - Others lender has the best asset quality?

Manba Finance Ltd reports the lowest gross NPA ratio at 3.6% — lower is better — across 1 of 7 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 NBFC - Others company earns the highest return on capital?

Manba Finance Ltd leads on return on assets at 2.3%, across 1 of 7 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 NBFC - Others stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Unifinz Capital India Ltd screens cheapest at 0.04×. Only 5 of 7 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which NBFC - Others stock has the strongest price momentum?

India Finsec 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 NBFC - Others company scores highest for research priority?

Unifinz Capital India Ltd scores 70 out of 100 with 52.7% evidence confidence, from 26.6 points on growth and earnings, 15.4 on capital efficiency, 17.9 on valuation and 10.1 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 NBFC - Others companies does this comparison cover, and over what period?

It compares 7 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 NBFC - Others sector?

The 7 NBFC - Others companies on this page carry ₹18,125 crore of combined market value. Mrugesh Trading Ltd is the largest at ₹5,715 crore, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the NBFC - Others sector's P/B ratio?

The median price-to-book ratio across the 7 NBFC - Others companies on this page is 3×, measured on the 7 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 NBFC - Others sector performing?

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

Why are some values on this page blank?

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

Is this investment advice?

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

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