# NBFC - Others — company-by-company sector analysis

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

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

NBFC - Others has outperformed NIFTY 500 by 300.3% over 52 weeks and 43% over 13 weeks. 5 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself. Aye Finance Ltd leads with income of ₹1,872 crore, based on 7 of 7 comparable companies through Jun 2026.

### Is the NBFC - Others sector outperforming NIFTY 500?

NBFC - Others has outperformed NIFTY 500 by 300.3% over 52 weeks and 43% over 13 weeks. 5 of 5 covered companies beat NIFTY on Mansfield relative strength, while 1 of 4 beat the sector itself.

### 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 69.2/100 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.

## Sector relative strength

NBFC - Others has outperformed NIFTY 500 by 300.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 43%. 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%.

13-week sector return versus NIFTY 500: 43%
52-week sector return versus NIFTY 500: 300%
Stocks leading NIFTY: 5/5
Stocks leading sector: 1/4

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

Companies: 7
Combined market value: ₹18.1K 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. Unifinz Capital India Ltd (541358): 69/100 — Thin evidence · provisional; evidence 53%
   - Growth & earnings 26.6/35 | Capital efficiency 15.4/25 | Valuation 17.9/20 | Relative strength 9.3/20
   - Exact sum: 26.6 + 15.4 + 17.9 + 9.3 = 69.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. Manba Finance Ltd (MANBA): 53/100 — Mixed-positive evidence; evidence 81%
   - Growth & earnings 18.1/35 | Capital efficiency 17.5/25 | Valuation 11.6/20 | Relative strength 5.6/20
   - Exact sum: 18.1 + 17.5 + 11.6 + 5.6 = 52.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. A.K.Capital Services Ltd (530499): 53/100 — Mixed-positive evidence; evidence 68%
   - Growth & earnings 22.2/35 | Capital efficiency 12.9/25 | Valuation 12.1/20 | Relative strength 5.5/20
   - Exact sum: 22.2 + 12.9 + 12.1 + 5.5 = 52.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. India Finsec Ltd (535667): 51/100 — Mixed-positive evidence; evidence 62%
   - Growth & earnings 21.7/35 | Capital efficiency 15.3/25 | Valuation 3.3/20 | Relative strength 10.6/20
   - Exact sum: 21.7 + 15.3 + 3.3 + 10.6 = 50.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Dhenu Buildcon Infra Ltd (501945): 53/100 — Thin evidence · provisional; evidence 35%
   - Growth & earnings 21.7/35 | Capital efficiency 9.2/25 | Valuation 9.7/20 | Relative strength 12.1/20
   - 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.
6. Aye Finance Ltd (AYE): 48/100 — Thin evidence · provisional; evidence 26%
   - Growth & earnings 16.2/35 | Capital efficiency 11.9/25 | Valuation 9.4/20 | Relative strength 10.0/20
   - 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.
7. Mrugesh Trading Ltd (512065): 40/100 — Thin evidence · provisional; evidence 21%
   - Growth & earnings 12.5/35 | Capital efficiency 8.2/25 | Valuation 9.0/20 | Relative strength 10.0/20
   - 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.

## Income Scale & Growth Durability

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.

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.

Evidence: Aye Finance Ltd · ₹1,872 crore | 227.3% versus #2 · A.K.Capital Services Ltd | 3/3 recent comparable periods | 7/7 companies · 90 observations

Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.

### Income — largest
1. Aye Finance Ltd (AYE): ₹1.9K Cr
2. A.K.Capital Services Ltd (530499): ₹572 Cr
3. Unifinz Capital India Ltd (541358): ₹512 Cr
4. Manba Finance Ltd (MANBA): ₹328 Cr
5. India Finsec Ltd (535667): ₹85 Cr

### Income growth — fastest growers
1. Dhenu Buildcon Infra Ltd (501945): 100%
2. Unifinz Capital India Ltd (541358): 100%
3. Manba Finance Ltd (MANBA): 31%
4. India Finsec Ltd (535667): 19%
5. A.K.Capital Services Ltd (530499): 19%

### 20-quarter Income history
- 501945: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | 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 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹-1 Cr | Jun 2026 —
- 512065: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | 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 ₹11 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹7 Cr | Jun 2026 —
- 530499: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹105 Cr | Mar 2023 ₹116 Cr | Jun 2023 ₹116 Cr | Sep 2023 ₹124 Cr | Dec 2023 ₹132 Cr | Mar 2024 ₹147 Cr | Jun 2024 ₹115 Cr | Sep 2024 ₹120 Cr | Dec 2024 ₹115 Cr | Mar 2025 ₹131 Cr | Jun 2025 ₹134 Cr | Sep 2025 ₹154 Cr | Dec 2025 ₹135 Cr | Mar 2026 ₹149 Cr | Jun 2026 —
- 535667: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹12 Cr | Mar 2023 ₹14 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹16 Cr | Mar 2024 ₹17 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹19 Cr | Mar 2025 ₹18 Cr | Jun 2025 ₹19 Cr | Sep 2025 ₹20 Cr | Dec 2025 ₹22 Cr | Mar 2026 ₹24 Cr | Jun 2026 —
- 541358: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹3 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹9 Cr | Dec 2023 ₹8 Cr | Mar 2024 ₹9 Cr | Jun 2024 ₹15 Cr | Sep 2024 ₹24 Cr | Dec 2024 ₹37 Cr | Mar 2025 ₹45 Cr | Jun 2025 ₹83 Cr | Sep 2025 ₹129 Cr | Dec 2025 ₹148 Cr | Mar 2026 ₹152 Cr | Jun 2026 —
- AYE: Jun 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 ₹361 Cr | Mar 2025 ₹409 Cr | Jun 2025 ₹405 Cr | Sep 2025 ₹437 Cr | Dec 2025 ₹443 Cr | Mar 2026 ₹515 Cr | Jun 2026 ₹477 Cr
- MANBA: Jun 2021 — | Dec 2021 — | Mar 2022 ₹30 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹35 Cr | Jun 2023 ₹35 Cr | Sep 2023 — | Dec 2023 ₹48 Cr | Mar 2024 ₹55 Cr | Jun 2024 ₹49 Cr | Sep 2024 ₹65 Cr | Dec 2024 ₹69 Cr | Mar 2025 ₹68 Cr | Jun 2025 ₹67 Cr | Sep 2025 ₹78 Cr | Dec 2025 ₹90 Cr | Mar 2026 ₹93 Cr | Jun 2026 —

### 20-quarter Income growth history
- 501945: Jun 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 — | Dec 2025 — | Mar 2026 -9,500% | Jun 2026 —
- 512065: Jun 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 -91% | Dec 2025 146% | Mar 2026 -16% | Jun 2026 —
- 530499: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 26% | Mar 2024 27% | Jun 2024 -0.9% | Sep 2024 -3.2% | Dec 2024 -13% | Mar 2025 -11% | Jun 2025 17% | Sep 2025 28% | Dec 2025 17% | Mar 2026 14% | Jun 2026 —
- 535667: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 32% | Mar 2024 23% | Jun 2024 11% | Sep 2024 14% | Dec 2024 14% | Mar 2025 8.1% | Jun 2025 12% | Sep 2025 12% | Dec 2025 17% | Mar 2026 35% | Jun 2026 —
- 541358: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 200% | Jun 2024 275% | Sep 2024 167% | Dec 2024 363% | Mar 2025 400% | Jun 2025 453% | Sep 2025 438% | Dec 2025 300% | Mar 2026 238% | Jun 2026 —
- AYE: Jun 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 — | Dec 2025 23% | Mar 2026 26% | Jun 2026 18%
- MANBA: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 17% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 57% | Jun 2024 40% | Sep 2024 — | Dec 2024 44% | Mar 2025 24% | Jun 2025 37% | Sep 2025 20% | Dec 2025 30% | Mar 2026 37% | Jun 2026 —

## Profit Scale & Acceleration

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.

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.

Evidence: Aye Finance Ltd · ₹238 crore | 108.8% versus #2 · A.K.Capital Services Ltd | 3/3 recent comparable periods | 7/7 companies · 90 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. Aye Finance Ltd (AYE): ₹238 Cr
2. A.K.Capital Services Ltd (530499): ₹114 Cr
3. Unifinz Capital India Ltd (541358): ₹87 Cr
4. Manba Finance Ltd (MANBA): ₹45 Cr
5. India Finsec Ltd (535667): ₹22 Cr

### Profit growth — fastest growers
1. Unifinz Capital India Ltd (541358): 100%
2. A.K.Capital Services Ltd (530499): 31%
3. India Finsec Ltd (535667): 20%
4. Manba Finance Ltd (MANBA): 18%

### 20-quarter Net profit history
- 501945: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | 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 ₹-0 Cr | Dec 2024 ₹-0 Cr | Mar 2025 ₹-0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹1 Cr | Mar 2026 ₹-3 Cr | Jun 2026 —
- 512065: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | 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 ₹1 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹-0 Cr | Jun 2025 ₹-0 Cr | Sep 2025 ₹-0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹-1 Cr | Jun 2026 —
- 530499: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹22 Cr | Mar 2023 ₹25 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹20 Cr | Dec 2023 ₹20 Cr | Mar 2024 ₹30 Cr | Jun 2024 ₹23 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹17 Cr | Mar 2025 ₹27 Cr | Jun 2025 ₹24 Cr | Sep 2025 ₹31 Cr | Dec 2025 ₹26 Cr | Mar 2026 ₹33 Cr | Jun 2026 —
- 535667: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹3 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹3 Cr | Mar 2024 ₹3 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹5 Cr | Sep 2025 ₹6 Cr | Dec 2025 ₹5 Cr | Mar 2026 ₹6 Cr | Jun 2026 —
- 541358: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹-1 Cr | Jun 2023 ₹-1 Cr | Sep 2023 ₹1 Cr | Dec 2023 ₹-1 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹2 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹6 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹17 Cr | Sep 2025 ₹24 Cr | Dec 2025 ₹27 Cr | Mar 2026 ₹19 Cr | Jun 2026 —
- AYE: Jun 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 ₹23 Cr | Mar 2025 ₹41 Cr | Jun 2025 ₹31 Cr | Sep 2025 ₹35 Cr | Dec 2025 ₹43 Cr | Mar 2026 ₹86 Cr | Jun 2026 ₹74 Cr
- MANBA: Jun 2021 — | Dec 2021 — | Mar 2022 ₹4 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2 Cr | Jun 2023 ₹3 Cr | Sep 2023 — | Dec 2023 ₹5 Cr | Mar 2024 ₹10 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹13 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹10 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹13 Cr | Mar 2026 ₹11 Cr | Jun 2026 —

### 20-quarter Profit growth history
- 501945: Jun 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 -250% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- 512065: Jun 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 -104% | Dec 2025 2,500% | Mar 2026 — | Jun 2026 —
- 530499: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -9.1% | Mar 2024 20% | Jun 2024 4.6% | Sep 2024 0.0% | Dec 2024 -15% | Mar 2025 -10% | Jun 2025 4.4% | Sep 2025 55% | Dec 2025 53% | Mar 2026 22% | Jun 2026 —
- 535667: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 116% | Mar 2024 215% | Jun 2024 51% | Sep 2024 54% | Dec 2024 52% | Mar 2025 38% | Jun 2025 22% | Sep 2025 23% | Dec 2025 9.5% | Mar 2026 25% | Jun 2026 —
- 541358: Jun 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 400% | Dec 2024 — | Mar 2025 — | Jun 2025 750% | Sep 2025 380% | Dec 2025 350% | Mar 2026 171% | Jun 2026 —
- AYE: Jun 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 — | Dec 2025 87% | Mar 2026 110% | Jun 2026 139%
- MANBA: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 -50% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 400% | Jun 2024 67% | Sep 2024 — | Dec 2024 160% | Mar 2025 -20% | Jun 2025 100% | Sep 2025 -8.3% | Dec 2025 0.0% | Mar 2026 38% | 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 | 0/7 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. Aye Finance Ltd (AYE): ₹5.1K Cr
2. A.K.Capital Services Ltd (530499): ₹3.1K Cr
3. Manba Finance Ltd (MANBA): ₹1.6K Cr
4. Unifinz Capital India Ltd (541358): ₹278 Cr
5. Dhenu Buildcon Infra Ltd (501945): ₹160 Cr

### 20-quarter Deposits history

### 20-quarter Borrowings history
- 501945: Jun 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 ₹1.0K Cr | Jun 2025 — | Sep 2025 ₹1.0K Cr | Dec 2025 — | Mar 2026 ₹160 Cr | Jun 2026 —
- 512065: Jun 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 ₹3 Cr | Jun 2026 —
- 530499: Jun 2021 — | Dec 2021 — | Mar 2022 ₹1.8K Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2.2K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹2.8K Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹3.1K Cr | Jun 2025 — | Sep 2025 ₹3.3K Cr | Dec 2025 — | Mar 2026 ₹3.1K Cr | Jun 2026 —
- 535667: Jun 2021 — | Dec 2021 — | Mar 2022 ₹85 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹170 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹190 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹198 Cr | Jun 2025 — | Sep 2025 ₹250 Cr | Dec 2025 — | Mar 2026 ₹0 Cr | Jun 2026 —
- 541358: Jun 2021 — | Dec 2021 — | Mar 2022 ₹1 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹6 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹27 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹34 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹278 Cr | Jun 2026 —
- AYE: Jun 2021 — | Dec 2021 — | Mar 2022 ₹1.6K Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹2.3K Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹3.6K Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹4.6K Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 ₹5.1K Cr | Jun 2026 —
- MANBA: Jun 2021 ₹379 Cr | Dec 2021 — | Mar 2022 ₹395 Cr | Jun 2022 ₹395 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹608 Cr | Jun 2023 ₹608 Cr | Sep 2023 ₹663 Cr | Dec 2023 ₹663 Cr | Mar 2024 ₹763 Cr | Jun 2024 ₹763 Cr | Sep 2024 ₹891 Cr | Dec 2024 ₹891 Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.5K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.6K Cr | Jun 2026 —

## Return On Assets

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

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.

Evidence: Manba Finance Ltd · 2.3% | Not enough peers | 0/2 recent comparable periods | 1/7 companies · 4 observations

Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.

### ROA — highest
1. Manba Finance Ltd (MANBA): 2.3%

### ROA change — fastest improvers
1. Manba Finance Ltd (MANBA): −0.3 pp

### 20-quarter ROA history
- MANBA: Jun 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 2.5% | Dec 2024 — | Mar 2025 2.6% | Jun 2025 — | Sep 2025 2.2% | Dec 2025 — | Mar 2026 2.3% | Jun 2026 —

### 20-quarter ROA change history
- MANBA: Jun 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 −0.3 pp | Dec 2025 — | Mar 2026 −0.3 pp | Jun 2026 —

## ROE — Leaders & Improvers

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

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.

Evidence: Unifinz Capital India Ltd · 72.1% | 350.6% versus #2 · India Finsec Ltd | Not enough history | 7/7 companies · 13 observations

Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage.

### ROE — highest
1. Unifinz Capital India Ltd (541358): 72%
2. India Finsec Ltd (535667): 16%
3. Manba Finance Ltd (MANBA): 12%
4. A.K.Capital Services Ltd (530499): 11%
5. Aye Finance Ltd (AYE): 9.2%

### ROE change — fastest improvers
1. Unifinz Capital India Ltd (541358): +23.0 pp
2. Dhenu Buildcon Infra Ltd (501945): +14.1 pp
3. India Finsec Ltd (535667): +3.0 pp
4. A.K.Capital Services Ltd (530499): +2.0 pp
5. Manba Finance Ltd (MANBA): −1.2 pp

### 20-quarter ROE history
- MANBA: Jun 2021 — | Dec 2021 3.3% | Mar 2022 — | Jun 2022 — | Sep 2022 9.4% | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 6.4% | Dec 2023 31% | Mar 2024 11% | Jun 2024 21% | Sep 2024 10% | Dec 2024 17% | Mar 2025 15% | Jun 2025 8.9% | Sep 2025 11% | Dec 2025 12% | Mar 2026 14% | Jun 2026 —

### 20-quarter ROE change history
- MANBA: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 −3.0 pp | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +3.9 pp | Dec 2024 −14.6 pp | Mar 2025 +4.0 pp | Jun 2025 −11.6 pp | Sep 2025 +0.3 pp | Dec 2025 −4.8 pp | Mar 2026 −1.2 pp | Jun 2026 —

## Gross NPA — Leaders & Improvers

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

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.

Evidence: Manba Finance Ltd · 3.6% | Not enough peers | 2/4 recent comparable periods | 1/7 companies · 8 observations

Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.

### Gross NPA — lowest
1. Manba Finance Ltd (MANBA): 3.6%

### GNPA change — fastest improvers
1. Manba Finance Ltd (MANBA): −0.1 pp

### 20-quarter Gross NPA history
- AYE: Jun 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 3.8% | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- MANBA: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 3.6% | Mar 2024 3.4% | Jun 2024 — | Sep 2024 3.6% | Dec 2024 2.8% | Mar 2025 3.7% | Jun 2025 — | Sep 2025 — | Dec 2025 3.4% | Mar 2026 3.6% | Jun 2026 —

### 20-quarter GNPA change history
- MANBA: Jun 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 −0.7 pp | Mar 2025 +0.3 pp | Jun 2025 — | Sep 2025 — | Dec 2025 +0.6 pp | Mar 2026 −0.1 pp | Jun 2026 —

## Valuation Against Growth & Quality

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.

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: Unifinz Capital India Ltd · 0.04× | 60% versus #2 · A.K.Capital Services Ltd | 0/8 recent comparable periods | 5/7 companies · 7 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. Unifinz Capital India Ltd (541358): 0.0
2. A.K.Capital Services Ltd (530499): 0.1
3. Manba Finance Ltd (MANBA): 0.2
4. Aye Finance Ltd (AYE): 0.2
5. India Finsec Ltd (535667): 0.5

### P/BV — lowest P/BV
1. A.K.Capital Services Ltd (530499): 1.1
2. Aye Finance Ltd (AYE): 1.7
3. Manba Finance Ltd (MANBA): 1.7
4. Unifinz Capital India Ltd (541358): 3.0
5. Dhenu Buildcon Infra Ltd (501945): 6.1

### 20-quarter P/BV ÷ ROE history
- MANBA: Jun 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 0.2 | Dec 2024 0.1 | Mar 2025 0.1 | Jun 2025 0.2 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 0.1 | Jun 2026 —

### 20-quarter P/BV history
- 501945: Jun 2021 — | Dec 2021 — | Mar 2022 1.1 | Jun 2022 — | Sep 2022 0.9 | Dec 2022 1.0 | Mar 2023 1.1 | Jun 2023 1.1 | Sep 2023 1.1 | Dec 2023 1.2 | Mar 2024 1.4 | Jun 2024 1.4 | Sep 2024 3.5 | Dec 2024 3.9 | Mar 2025 3.8 | Jun 2025 3.3 | Sep 2025 4.2 | Dec 2025 3.8 | Mar 2026 4.5 | Jun 2026 —
- 512065: Jun 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 3.8 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 0.0 | Dec 2025 0.0 | Mar 2026 18.3 | Jun 2026 —
- 530499: Jun 2021 — | Dec 2021 — | Mar 2022 0.4 | Jun 2022 — | Sep 2022 — | Dec 2022 0.4 | Mar 2023 0.4 | Jun 2023 0.4 | Sep 2023 0.6 | Dec 2023 0.6 | Mar 2024 0.7 | Jun 2024 0.8 | Sep 2024 0.8 | Dec 2024 0.9 | Mar 2025 0.7 | Jun 2025 0.8 | Sep 2025 0.8 | Dec 2025 1.0 | Mar 2026 1.0 | Jun 2026 —
- 535667: Jun 2021 — | Dec 2021 — | Mar 2022 1.2 | Jun 2022 — | Sep 2022 — | Dec 2022 1.7 | Mar 2023 0.9 | Jun 2023 1.5 | Sep 2023 1.2 | Dec 2023 2.9 | Mar 2024 3.3 | Jun 2024 5.5 | Sep 2024 5.3 | Dec 2024 5.3 | Mar 2025 5.0 | Jun 2025 5.3 | Sep 2025 4.4 | Dec 2025 4.0 | Mar 2026 4.3 | Jun 2026 —
- 541358: Jun 2021 — | Dec 2021 — | Mar 2022 7.7 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 4.7 | Jun 2023 2.2 | Sep 2023 2.2 | Dec 2023 2.8 | Mar 2024 3.9 | Jun 2024 9.7 | Sep 2024 36.4 | Dec 2024 6.3 | Mar 2025 18.4 | Jun 2025 20.0 | Sep 2025 6.4 | Dec 2025 3.7 | Mar 2026 3.4 | Jun 2026 —
- AYE: Jun 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 — | Dec 2025 — | Mar 2026 — | Jun 2026 1.7
- MANBA: Jun 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 2.2 | Dec 2024 2.2 | Mar 2025 1.9 | Jun 2025 2.0 | Sep 2025 1.9 | Dec 2025 1.8 | Mar 2026 1.4 | Jun 2026 —

## Market action

Mrugesh Trading Ltd has the strongest one-year price move in NBFC - Others at +15113.5%. India Finsec Ltd leads on Mansfield relative strength against NIFTY at +28.6%. 5 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. Mrugesh Trading Ltd (512065): 15,114%
2. India Finsec Ltd (535667): 61%
3. Dhenu Buildcon Infra Ltd (501945): 55%
4. A.K.Capital Services Ltd (530499): 55%
5. Manba Finance Ltd (MANBA): -2.1%

### Strongest relative strength versus NIFTY 500
1. India Finsec Ltd (535667): 29%
2. A.K.Capital Services Ltd (530499): 22%
3. Dhenu Buildcon Infra Ltd (501945): 18%
4. Manba Finance Ltd (MANBA): 8.0%
5. Unifinz Capital India Ltd (541358): 6.9%

## 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.
- 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.

## Every company
- Mrugesh Trading Ltd (512065) — market value ₹5.7K Cr; latest fundamentals Mar 2026
- Dhenu Buildcon Infra Ltd (501945) — market value ₹5.2K Cr; latest fundamentals Mar 2026
- Aye Finance Ltd (AYE) — market value ₹4.2K Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD
- A.K.Capital Services Ltd (530499) — market value ₹1.2K Cr; latest fundamentals Mar 2026
- Manba Finance Ltd (MANBA) — market value ₹694 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- India Finsec Ltd (535667) — market value ₹667 Cr; latest fundamentals Mar 2026
- Unifinz Capital India Ltd (541358) — market value ₹487 Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 0. Unverified: 6. Withheld: 1. Graded companies: 7.

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.

- WITHHELD | AYE | Aye Finance Ltd | diff_gt_2pct | disagreement up to 3.18% over 6 comparable periods

- UNVERIFIED | MANBA | Manba 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 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 Manba Finance Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many 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.

### Is the NBFC - Others sector beating the market?

NBFC - Others has outperformed NIFTY 500 by 300.3% over the last 52 weeks and 43% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### 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 69.2 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 9.3 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. The sector itself is 300.3% ahead of 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/nbfc-others