Gold Loan Companies in India: Listed Stocks
6 gold loan companies are listed on NSE. At the 6 November 2026 close, the largest by market value are Muthoot Finance (₹1,15,182 cr), Manappuram Finance (₹30,566 cr) and IIFL Finance (₹26,708 cr). 2 lend mainly against gold and 4 also make other loans.
What changed in the week to 30 October 2026
5 of the 6 companies on our Gold loan list have reported results for the September 2026 quarter so far, and 1 is still to report. Among them, 3 posted their highest quarterly profit in four years: Fedbank Financial Services, IIFL Finance and Capri Global Capital.
Foreign funds have raised their stake for 3 or more quarters in a row at 1 of the 6 companies, and cut it for 3 or more quarters at 2. Next, look at the 1 company still to report.
Gold loan companies listed in India, with share price
Here are all 6 gold loan companies listed on NSE, with share price, P/B, 52-week high and low and returns against the Nifty 500, at the 6 November 2026 close. The biggest by market value are Muthoot Finance, Manappuram Finance and IIFL Finance. None of the 6 is worth less than ₹2,000 crore.
- Muthoot Finance: ₹2,869 on 6 Nov 2026 | market cap ₹1,15,182 cr | P/B 2.6 | ROE 30.9%
- Manappuram Finance: ₹325.4 on 6 Nov 2026 | market cap ₹30,566 cr | P/B 1.9 | ROE 7.0%
- IIFL Finance: ₹625.75 on 6 Nov 2026 | market cap ₹26,708 cr | P/B 1.7 | ROE 12.6%
- Capri Global Capital: ₹239.71 on 6 Nov 2026 | market cap ₹23,064 cr | P/B 2.9 | ROE 16.5%
- Fedbank Financial Services: ₹159 on 30 Oct 2026 | market cap ₹5,958 cr | P/B 1.9 | ROE 12.6%
- CSB Bank: ₹298.75 on 6 Nov 2026 | market cap ₹5,183 cr | P/B 1.0 | ROE 13.5%
| Company | Price | Market cap | P/E or P/B | 52W high / low | Earnings growth, 12 months | 3M vs Nifty 500 | 1Y vs Nifty 500 |
|---|---|---|---|---|---|---|---|
| Muthoot FinanceGold-loan specialists | ₹2,869 | ₹1,15,182 cr | 2.6 P/B | ₹4,150 / ₹2,332 | +67% | −15.1 pts | −16.7 pts |
| Manappuram FinanceGold-loan specialistsProvides a wide range of fund based and fee based services | ₹325.4 | ₹30,566 cr | 1.9 P/B | ₹382 / ₹245 | +69% | −14.6 pts | +14.8 pts |
| IIFL FinanceLenders with gold loans and other loansLoans and mortgages along with its subsidiaries | ₹625.75 | ₹26,708 cr | 1.7 P/B | ₹705 / ₹409 | +190% | −5.6 pts | +6.3 pts |
| Capri Global CapitalLenders with gold loans and other loans | ₹239.71 | ₹23,064 cr | 2.9 P/B | ₹288 / ₹151 | +71% | +6.8 pts | +21.0 pts |
| Fedbank Financial ServicesLenders with gold loans and other loansProvides Gold Loans, Home Loans, Loan Against Property, and Business Loan Services | ₹159 | ₹5,958 cr | 1.9 P/B | ₹178 / ₹119 | +76% | +1.0 pts | +8.9 pts |
| CSB BankLenders with gold loans and other loansBanking Services,oldest private sector banks in India | ₹298.75 | ₹5,183 cr | 1.0 P/B | ₹575 / ₹294 | +11% | −2.7 pts | −20.9 pts |
Download all 6 (CSV). "Earnings growth" is earnings per share over the last 12 months against the 12 months before. "vs Nifty 500" is the stock's return minus the Nifty 500's, in percentage points.
Prices and market value as of 6 November 2026. Earnings growth and returns from the weekly scan to 30 October 2026. Updated every weekend
Key factors for gold loan stocks
1 of the 6 gold loan stocks here beat the Nifty 500 over 3 months to 30 October 2026. Four weeks earlier it was 3. The lines below give this list's own numbers. Prices and ratios are as of 6 November 2026.
- Earnings: 6 of the 6 with results have earnings per share higher than a year earlier
- Price against its own history: 0 of the 6 with a long P/B record trade above their own usual P/B at the 6 November 2026 price
- Gold price: every loan here is backed by gold jewellery, so a fall in the gold price lowers what the loans are backed by
These describe the group, not any one company. Each company's own numbers are in the table above.
6 companies on this page. Prices and ratios as of 6 November 2026, returns from the weekly scan to 30 October 2026, results from the latest quarter
Which is the largest gold loan company in India?
By market value at the 6 November 2026 close, the largest listed gold loan company is Muthoot Finance at ₹1,15,182 cr, 56% of the value of all 6. Next come Manappuram Finance (₹30,566 cr) and IIFL Finance (₹26,708 cr). 2 lend mainly against gold, and 4 also make other loans.
| Company | What it lends against | Market cap | Share of the group's value |
|---|---|---|---|
| Muthoot Finance | Mainly gold | ₹1,15,182 cr | 56% |
| Manappuram Finance | Mainly gold | ₹30,566 cr | 15% |
| IIFL Finance | Gold and other loans | ₹26,708 cr | 13% |
| Capri Global Capital | Gold and other loans | ₹23,064 cr | 11% |
| Fedbank Financial Services | Gold and other loans | ₹5,958 cr | 3% |
| CSB Bank | Gold and other loans | ₹5,183 cr | 3% |
"Mainly gold" follows each company's own description. A lender's size in the stock market is not the size of its gold loan book. The book, in each company's own words, is in the next sections.
Market value at the 6 November 2026 price, updated every weekend. Size only, not a view on any company
Which Muthoot company is listed?
Muthoot Finance is the Muthoot company on this list. NSE files it as a gold-loan company, and at the 6 November 2026 close it was worth ₹1,15,182 cr, the largest of the 6. Muthoot Microfin (₹2,300 cr on 1 November 2026) is also listed, but filed under microfinance, so not counted here.
NSE industry groups and market value from our company data. Size only, not a view on any company
Which companies lend mainly against gold?
2 listed companies lend mainly against gold: Muthoot Finance and Manappuram Finance. The other 4, IIFL Finance, Capri Global Capital, Fedbank Financial Services and CSB Bank, also make home, business or other loans. All 6 are filed by NSE as gold-loan companies at the 30 October 2026 scan.
Show the table
Lend mainly against gold
| Company | Price | Market cap | P/E or P/B | 52W high / low | Earnings growth, 12 months | 3M vs Nifty 500 | 1Y vs Nifty 500 |
|---|---|---|---|---|---|---|---|
| Muthoot FinanceFinance & Investments - Gold Loan | ₹2,869 | ₹1,15,182 cr | 2.6 P/B | ₹4,150 / ₹2,332 | +67% | −15.1 pts | −16.7 pts |
| Manappuram FinanceFinance & Investments - Gold LoanProvides a wide range of fund based and fee based services | ₹325.4 | ₹30,566 cr | 1.9 P/B | ₹382 / ₹245 | +69% | −14.6 pts | +14.8 pts |
Gold loans next to other loans
| Company | Price | Market cap | P/E or P/B | 52W high / low | Earnings growth, 12 months | 3M vs Nifty 500 | 1Y vs Nifty 500 |
|---|---|---|---|---|---|---|---|
| IIFL FinanceFinance & Investments - Gold LoanLoans and mortgages along with its subsidiaries | ₹625.75 | ₹26,708 cr | 1.7 P/B | ₹705 / ₹409 | +190% | −5.6 pts | +6.3 pts |
| Capri Global CapitalFinance & Investments - Gold Loan | ₹239.71 | ₹23,064 cr | 2.9 P/B | ₹288 / ₹151 | +71% | +6.8 pts | +21.0 pts |
| Fedbank Financial ServicesFinance & Investments - Gold LoanProvides Gold Loans, Home Loans, Loan Against Property, and Business Loan Services | ₹159 | ₹5,958 cr | 1.9 P/B | ₹178 / ₹119 | +76% | +1.0 pts | +8.9 pts |
| CSB BankFinance & Investments - Gold LoanBanking Services,oldest private sector banks in India | ₹298.75 | ₹5,183 cr | 1.0 P/B | ₹575 / ₹294 | +11% | −2.7 pts | −20.9 pts |
NSE's gold-loan industry group and each company's own description. Prices as of 6 November 2026, updated every trading day
What is a gold loan company?
Gold loan stocks are shares of companies that lend money against gold jewellery, which the borrower gets back after repaying. The 6 on this page fall into 2 groups. The biggest group is lenders with gold loans and other loans, with 4 companies. Data as of 6 November 2026.
Show the table
| Group | Companies | Beating Nifty 500 | Biggest |
|---|---|---|---|
| Gold-loan specialists | 2 | 0 of 2 | Muthoot Finance, Manappuram Finance |
| Lenders with gold loans and other loans | 4 | 1 of 4 | IIFL Finance, Capri Global Capital, Fedbank Financial Services |
The rule in one line: a company is here when NSE files it as a gold-loan company: a lender that gives loans against gold jewellery. NSE's gold-loan industry is the list. Two lend mainly against gold. The other four make gold loans next to home, business or other loans, and the page says so.
Left out on purpose
- Banks and other lenders that make gold loans next to many other loans, but are not filed by NSE as gold-loan companies, are not on this list.
- Gold ETFs and gold bonds hold gold itself, not a lender's shares, so they are not here either.
Membership checked every month. Industries follow NSE industry groups
How big is each company's gold loan book?
5 of the 6 gold loan companies spoke about their gold loans on results calls between July 2026 and September 2026. 3 gave the gold loan book in rupees: Manappuram Finance (₹57,006 crore), CSB Bank (₹21,000 crore) and Fedbank Financial Services (₹11,191 crore). Each sentence is quoted below word for word.
Show the table
| Company | Gold loan book (₹ crore) | Said on | Who said it |
|---|---|---|---|
| Manappuram Finance | 57,006 | 11 August 2026 | Buvanesh Tharashankar |
| CSB Bank | 21,000 | 22 July 2026 | Pralay Mondal |
| Fedbank Financial Services | 11,191 | 15 July 2026 | Parvez Mulla |
| IIFL Finance | no rupee figure in the sentence | 22 July 2026 | Nirmal Jain |
| Capri Global Capital | no rupee figure in the sentence | 29 September 2026 | Management |
In their own words
- Manappuram Finance August 2026 call
"Gold loan continued to be our key growth driver with an AUM of INR57,006 crores, up by almost 12% quarter-on-quarter and by about 98% year-on-year, supported by strong customer demand."Buvanesh Tharashankar
- CSB Bank July 2026 call
"For example, it is never possible that if you look at last quarter, our gold loan book was somewhere around Rs.21,000 Crores, and disbursement was around Rs.16,000 Crores last quarter."Pralay Mondal
- Fedbank Financial Services July 2026 call
"Our Gold Loan business continued to lead this growth, with disbursements rising 15% YoY to ₹6,087 Cr and AUM increasing 77% YoY to ₹11,191 Cr."Parvez Mulla
- IIFL Finance July 2026 call
"So Rajiv, I think our gold loan growth has not been 21%, but 11% quarter-over-quarter."Nirmal Jain
- Capri Global Capital September 2026 call
"Our customers in the gold loan segment have grown at a CAGR of 85%, which is very healthy growth."Management
The gold loan book (often called gold loan AUM) is the money the company has lent against gold and not yet got back. Some lenders give it as of a different date, and the sentence says which. These are the companies' own figures and are not checked against their filings here. Where a company's newest call does not mention it, the sentence comes from an earlier call, and the date shows which. 1 companies have no gold loan book sentence here, either because none is on record or because the one on record did not pass the word-for-word check. Among them are Muthoot Finance.
From each company's most recent call on record that mentions its gold loan book, copied word for word. Checked every month
Why are gold loan stocks rising or falling?
4 of the 6 gold loan stocks were behind the Nifty 500 over 3 months to 30 October 2026. The furthest behind are Muthoot Finance (−15.1 points) and Manappuram Finance (−14.6 points). 0 of the 6 with a P/B history traded above their own usual P/B at the 6 November 2026 price.
The 4 furthest behind the Nifty 500
- Muthoot Finance −15.1 points against the Nifty 500 in 3 months. Earnings per share up 67% in the last 12 months.
- Manappuram Finance −14.6 points against the Nifty 500 in 3 months. Earnings per share up 69% in the last 12 months.
- IIFL Finance −5.6 points against the Nifty 500 in 3 months. Earnings per share up 190% in the last 12 months. Watch: Special income tax audit under Section 142(2A) remains unresolved, with management still refusing to quantify exposure against analyst estimates of 300-400 Cr.
- CSB Bank −2.7 points against the Nifty 500 in 3 months. Earnings per share up 11% in the last 12 months.
This page does not track prices during the day. For today's moves, see the exchange.
Weekly data to 30 October 2026. Reasons from company calls and the industry research, refreshed every month
How is each gold loan stock valued against its own history?
At the 6 November 2026 price, 0 of the 6 gold loan stocks with a P/B history trade above their own usual P/B and 6 below. P/B is price against book value. The furthest below their own history are CSB Bank (-38%), Muthoot Finance (-8%) and Fedbank Financial Services (-6%).
Show the table
| Company | Measure | Now | Usual | Gap | Earnings growth, 12 months |
|---|---|---|---|---|---|
| CSB BankP/ | P/B | 1.0 | 1.6 | -38% | +11% |
| Muthoot FinanceP/ | P/B | 2.6 | 2.9 | -8% | +67% |
| Fedbank Financial ServicesP/ | P/B | 1.9 | 2.0 | -6% | +76% |
| Manappuram FinanceP/ | P/B | 1.9 | 2.0 | -5% | +69% |
| IIFL FinanceP/ | P/B | 1.7 | 1.8 | -4% | +190% |
| Capri Global CapitalP/ | P/B | 2.9 | 3.0 | -2% | +71% |
"Usual" = each company's own long-run median. Now = at the 6 November 2026 price, usual from our weekly valuation record, no price targets
Is there a gold loan stock index?
NSE has no gold loan stock index. Of the 6 gold loan companies here, none is in the Nifty 50 and 4 are in the Nifty 500, read from NSE's own member files on 1 November 2026. They are Muthoot Finance, Manappuram Finance, IIFL Finance and Capri Global Capital.
Show the table
| Company | Group | In Nifty 50 | In Nifty 500 | Market cap | 3M vs Nifty 500 |
|---|---|---|---|---|---|
| Muthoot FinanceGold-loan specialists | Gold-loan specialists | No | Yes | ₹1,15,182 cr | −15.1 pts |
| Manappuram FinanceGold-loan specialists | Gold-loan specialists | No | Yes | ₹30,566 cr | −14.6 pts |
| IIFL FinanceLenders with gold loans and other loans | Lenders with gold loans and other loans | No | Yes | ₹26,708 cr | −5.6 pts |
| Capri Global CapitalLenders with gold loans and other loans | Lenders with gold loans and other loans | No | Yes | ₹23,064 cr | +6.8 pts |
NSE's own member files, read on 1 November 2026. Checked every week
Small cap gold loan stocks and share prices
None of the 6 gold loan stocks trades under ₹100 a share. The lowest share prices are Fedbank Financial Services (₹159), Capri Global Capital (₹239.71) and CSB Bank (₹298.75). By size, 1 is mid cap and 5 are small cap. Prices as of 6 November 2026.
Show the table
The 5 lowest share prices among gold loan stocks
| Company | Price | Market cap | Earnings growth, 12 months | Debt to equity |
|---|---|---|---|---|
| Fedbank Financial Services | ₹159 | ₹5,958 cr | +76% | lender |
| Capri Global Capital | ₹239.71 | ₹23,064 cr | +71% | lender |
| CSB Bank | ₹298.75 | ₹5,183 cr | +11% | lender |
| Manappuram Finance | ₹325.4 | ₹30,566 cr | +69% | lender |
| IIFL Finance | ₹625.75 | ₹26,708 cr | +190% | lender |
A low share price says nothing about how big the company is. Market cap shows the size.
Mid cap gold loan stocks (1)
| Company | Market cap | Price | Beating Nifty 500 |
|---|---|---|---|
| Muthoot Finance | ₹1,15,182 cr | ₹2,869 | No |
Small cap gold loan stocks (5)
| Company | Market cap | Price | Beating Nifty 500 |
|---|---|---|---|
| Manappuram Finance | ₹30,566 cr | ₹325.4 | No |
| IIFL Finance | ₹26,708 cr | ₹625.75 | No |
| Capri Global Capital | ₹23,064 cr | ₹239.71 | Yes |
| Fedbank Financial Services | ₹5,958 cr | ₹159 | No |
| CSB Bank | ₹5,183 cr | ₹298.75 | No |
Size = rank by market value across every company we score: the top 100 are large cap, the next 150 mid cap, the rest small cap. Updated every weekend
Which gold loan stocks pay dividends?
The highest dividend yields among gold loan stocks are Muthoot Finance (1.0%), IIFL Finance (0.6%) and Manappuram Finance (0.6%). 4 of the 6 paid a dividend in the last year. Yields use last year's dividend and the 6 November 2026 price, so they move as the price moves.
Show the table
| Company | Dividend yield | Price | Market cap |
|---|---|---|---|
| Muthoot Finance | 1.0% | ₹2,869 | ₹1,15,182 cr |
| IIFL Finance | 0.6% | ₹625.75 | ₹26,708 cr |
| Manappuram Finance | 0.6% | ₹325.4 | ₹30,566 cr |
| Capri Global Capital | 0.1% | ₹239.71 | ₹23,064 cr |
Yield = last year's dividend divided by today's price. It moves with the price. Updated every weekend
What is changing for gold loan companies?
The industry research run of 10 October 2026 did not cover gold loan companies, so no written outlook is shown yet. At the 30 October 2026 scan, 1 of the 6 gold loan stocks pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).
Industry research is refreshed every two weeks
Which are the biggest Gold Loan stocks in India?
The largest Gold Loan stocks in India by market value are Muthoot Finance (₹1.15 lakh crore), Manappuram Finance (₹30,566 crore) and IIFL Finance (₹26,708 crore), at prices of 6 Nov 2026.
- Muthoot Finance: ₹2,869 | market value ₹1.15 lakh crore | P/BV 2.6
- Manappuram Finance: ₹325.40 | market value ₹30,566 crore | P/BV 1.9
- IIFL Finance: ₹625.75 | market value ₹26,708 crore | P/BV 1.7
- Capri Global Capital: ₹239.71 | market value ₹23,064 crore | P/BV 2.9
- Fedbank Financial Services: ₹156.31 | market value ₹5,868 crore | P/BV 1.9
- CSB Bank: ₹298.75 | market value ₹5,183 crore | P/BV 1.0
Share price | market value | P/BV or P/E, biggest first. Prices, market values and ratios at the official close of 6 Nov 2026; the score list below uses the weekly figures.
Which are the Gold Loan stocks, ranked?
Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.
Show the list
- 1Capri Global Capital LtdCGCL · ₹22,200 cr74.6of 100favourable · strongest on relative strength versus sector and income growth
- 2IIFL Finance LtdIIFL · ₹22,500 cr70.5of 100favourable · strongest on profit growth and relative strength versus sector
- 3Muthoot Finance LtdMUTHOOTFIN · ₹96,700 cr69.3of 100favourable · strongest on P/BV divided by ROE and ROA
- 4Fedbank Financial Services LtdFEDFINA · ₹5,960 cr62.2of 100mixed, leaning good · strongest on relative strength versus sector and 13-week relative-strength change
- 5CSB Bank LtdCSBBANK · ₹5,130 cr51.9of 100mixed, leaning good · strongest on P/BV divided by ROE and own-history P/BV
- 6Manappuram Finance LtdMANAPPURAM · ₹27,100 cr33.6of 100weak · strongest on profit growth and relative strength versus sector
Is there a Nifty Gold Loan index, and what is in it?
All 6 listed Indian Finance & Investments - Gold Loan companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Finance & Investments - Gold Loan index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one.
- Muthoot Finance Ltd₹96,700 cr
- Manappuram Finance Ltd₹27,100 cr
- IIFL Finance Ltd₹22,500 cr
- Capri Global Capital Ltd₹22,200 cr
- Fedbank Financial Services Ltd₹5,960 cr
- CSB Bank Ltd₹5,130 cr
How many Gold Loan companies are listed in India?
6 Gold Loan companies in the Finance & Investments - Gold Loan industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 6 are listed below, largest first. The largest is Muthoot Finance (₹96,698 crore) and the smallest with a market value is CSB Bank.
Show the table
| Company | Market value |
|---|---|
| 1. Muthoot Finance Ltd MUTHOOTFIN | ₹96,698 crore |
| 2. Manappuram Finance Ltd MANAPPURAM | ₹27,147 crore |
| 3. IIFL Finance Ltd IIFL | ₹22,521 crore |
| 4. Capri Global Capital Ltd CGCL | ₹22,153 crore |
| 5. Fedbank Financial Services Ltd FEDFINA | ₹5,958 crore |
| 6. CSB Bank Ltd CSBBANK | ₹5,133 crore |
How have Gold Loan stocks moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 52% ahead of NIFTY 500. Earnings across its companies grew 66% on average over the last four reported quarters.
Show the table and chart
Price and the fundamentals both up. 1 of 6 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).
Ahead of NIFTY 500 on the three-month view for 1 week running; 1 of the 6 companies in the industry index above their 200-day average (2 fewer than four weeks earlier); 1 of those 6 pass the momentum test (2 fewer than four weeks earlier); earnings rising at 6 of the 6 that report earnings.
Participation is shrinking, 3 → 1 of 6 over four weeks, after being ahead of NIFTY 500. Price-only fade, 6 of 6 members have higher trailing twelve-month earnings than a year ago, so the fade is in the price, not in the earnings.
1Y
Finance & Investments - Gold Loan against NIFTY 500
Both lines start at 200 in the first week shown
- Gold Loan 204
- NIFTY 500 183
| Week ending | Gold Loan | NIFTY 500 |
|---|---|---|
| 14 Nov 2025 | 200 | 200 |
| 21 Nov 2025 | 195 | 200 |
| 28 Nov 2025 | 200 | 198 |
| 5 Dec 2025 | 197 | 196 |
| 12 Dec 2025 | 198 | 197 |
| 19 Dec 2025 | 196 | 200 |
| 26 Dec 2025 | 204 | 200 |
| 2 Jan 2026 | 216 | 201 |
| 9 Jan 2026 | 213 | 196 |
| 16 Jan 2026 | 217 | 190 |
| 23 Jan 2026 | 200 | 193 |
| 30 Jan 2026 | 186 | 196 |
| 6 Feb 2026 | 196 | 195 |
| 13 Feb 2026 | 193 | 196 |
| 20 Feb 2026 | 188 | 194 |
| 27 Feb 2026 | 183 | 188 |
| 6 Mar 2026 | 176 | 179 |
| 13 Mar 2026 | 174 | 178 |
| 20 Mar 2026 | 179 | 176 |
| 27 Mar 2026 | 174 | 175 |
| 3 Apr 2026 | 175 | 187 |
| 10 Apr 2026 | 189 | 191 |
| 17 Apr 2026 | 190 | 189 |
| 24 Apr 2026 | 188 | 190 |
| 1 May 2026 | 190 | 193 |
| 8 May 2026 | 195 | 189 |
| 15 May 2026 | 190 | 190 |
| 22 May 2026 | 194 | 190 |
| 29 May 2026 | 197 | 188 |
| 5 Jun 2026 | 198 | 189 |
| 12 Jun 2026 | 196 | 194 |
| 19 Jun 2026 | 202 | 193 |
| 26 Jun 2026 | 193 | 195 |
| 3 Jul 2026 | 202 | 195 |
| 10 Jul 2026 | 211 | 195 |
| 17 Jul 2026 | 209 | 192 |
| 24 Jul 2026 | 205 | 196 |
| 31 Jul 2026 | 210 | 198 |
| 7 Aug 2026 | 205 | 197 |
| 14 Aug 2026 | 204 | 197 |
| 21 Aug 2026 | 211 | 197 |
| 28 Aug 2026 | 217 | 195 |
| 4 Sep 2026 | 216 | 191 |
| 11 Sep 2026 | 206 | 191 |
| 18 Sep 2026 | 209 | 189 |
| 25 Sep 2026 | 208 | 183 |
| 2 Oct 2026 | 198 | 183 |
| 9 Oct 2026 | 196 | 186 |
| 16 Oct 2026 | 203 | 186 |
| 23 Oct 2026 | 188 | 179 |
| 30 Oct 2026 | 184 | 183 |
| 6 Nov 2026 | 204 | 183 |
3Y
Finance & Investments - Gold Loan against NIFTY 500
Both lines start at 200 in the first week shown, every 2nd week shown
- Gold Loan 297
- NIFTY 500 248
| Week ending | Gold Loan | NIFTY 500 |
|---|---|---|
| 17 Nov 2023 | 200 | 200 |
| 24 Nov 2023 | 198 | 203 |
| 8 Dec 2023 | 209 | 213 |
| 22 Dec 2023 | 211 | 219 |
| 5 Jan 2024 | 216 | 221 |
| 19 Jan 2024 | 220 | 221 |
| 2 Feb 2024 | 218 | 228 |
| 16 Feb 2024 | 214 | 228 |
| 1 Mar 2024 | 212 | 231 |
| 15 Mar 2024 | 185 | 223 |
| 29 Mar 2024 | 187 | 234 |
| 12 Apr 2024 | 210 | 232 |
| 26 Apr 2024 | 213 | 238 |
| 10 May 2024 | 207 | 235 |
| 24 May 2024 | 202 | 241 |
| 7 Jun 2024 | 211 | 249 |
| 21 Jun 2024 | 213 | 255 |
| 5 Jul 2024 | 226 | 261 |
| 19 Jul 2024 | 221 | 260 |
| 2 Aug 2024 | 217 | 259 |
| 16 Aug 2024 | 205 | 265 |
| 30 Aug 2024 | 217 | 269 |
| 13 Sep 2024 | 223 | 271 |
| 27 Sep 2024 | 215 | 275 |
| 11 Oct 2024 | 207 | 269 |
| 25 Oct 2024 | 188 | 258 |
| 8 Nov 2024 | 195 | 249 |
| 22 Nov 2024 | 189 | 257 |
| 6 Dec 2024 | 205 | 265 |
| 20 Dec 2024 | 202 | 254 |
| 3 Jan 2025 | 208 | 252 |
| 17 Jan 2025 | 201 | 243 |
| 31 Jan 2025 | 197 | 247 |
| 14 Feb 2025 | 184 | 235 |
| 28 Feb 2025 | 186 | 230 |
| 14 Mar 2025 | 186 | 237 |
| 28 Mar 2025 | 197 | 241 |
| 11 Apr 2025 | 191 | 243 |
| 25 Apr 2025 | 202 | 250 |
| 9 May 2025 | 203 | 255 |
| 23 May 2025 | 209 | 258 |
| 6 Jun 2025 | 224 | 265 |
| 20 Jun 2025 | 242 | 264 |
| 4 Jul 2025 | 246 | 267 |
| 18 Jul 2025 | 260 | 266 |
| 1 Aug 2025 | 245 | 257 |
| 15 Aug 2025 | 251 | 263 |
| 29 Aug 2025 | 246 | 259 |
| 12 Sep 2025 | 261 | 266 |
| 26 Sep 2025 | 258 | 260 |
| 10 Oct 2025 | 275 | 265 |
| 24 Oct 2025 | 275 | 272 |
| 7 Nov 2025 | 278 | 270 |
| 21 Nov 2025 | 284 | 272 |
| 5 Dec 2025 | 287 | 266 |
| 19 Dec 2025 | 286 | 271 |
| 2 Jan 2026 | 314 | 272 |
| 16 Jan 2026 | 316 | 258 |
| 30 Jan 2026 | 271 | 266 |
| 13 Feb 2026 | 281 | 265 |
| 27 Feb 2026 | 267 | 255 |
| 13 Mar 2026 | 254 | 242 |
| 27 Mar 2026 | 253 | 238 |
| 10 Apr 2026 | 275 | 259 |
| 24 Apr 2026 | 274 | 257 |
| 8 May 2026 | 284 | 256 |
| 22 May 2026 | 282 | 257 |
| 5 Jun 2026 | 288 | 256 |
| 19 Jun 2026 | 294 | 262 |
| 3 Jul 2026 | 293 | 265 |
| 17 Jul 2026 | 304 | 260 |
| 31 Jul 2026 | 306 | 269 |
| 14 Aug 2026 | 297 | 267 |
| 28 Aug 2026 | 316 | 264 |
| 11 Sep 2026 | 299 | 259 |
| 25 Sep 2026 | 303 | 248 |
| 9 Oct 2026 | 285 | 253 |
| 23 Oct 2026 | 273 | 243 |
| 6 Nov 2026 | 297 | 248 |
5Y
Finance & Investments - Gold Loan against NIFTY 500
Both lines start at 200 in the first week shown, every 4th week shown
- Gold Loan 380
- NIFTY 500 291
| Week ending | Gold Loan | NIFTY 500 |
|---|---|---|
| 19 Nov 2021 | 200 | 200 |
| 10 Dec 2021 | 190 | 199 |
| 7 Jan 2022 | 185 | 208 |
| 4 Feb 2022 | 191 | 200 |
| 4 Mar 2022 | 169 | 186 |
| 1 Apr 2022 | 171 | 204 |
| 29 Apr 2022 | 178 | 191 |
| 27 May 2022 | 154 | 187 |
| 24 Jun 2022 | 156 | 178 |
| 22 Jul 2022 | 164 | 190 |
| 19 Aug 2022 | 166 | 201 |
| 16 Sep 2022 | 173 | 204 |
| 14 Oct 2022 | 174 | 200 |
| 11 Nov 2022 | 181 | 208 |
| 9 Dec 2022 | 194 | 212 |
| 6 Jan 2023 | 195 | 203 |
| 3 Feb 2023 | 198 | 200 |
| 3 Mar 2023 | 181 | 198 |
| 31 Mar 2023 | 193 | 196 |
| 28 Apr 2023 | 202 | 203 |
| 26 May 2023 | 199 | 210 |
| 23 Jun 2023 | 212 | 216 |
| 21 Jul 2023 | 231 | 226 |
| 18 Aug 2023 | 238 | 225 |
| 15 Sep 2023 | 243 | 232 |
| 13 Oct 2023 | 249 | 231 |
| 10 Nov 2023 | 246 | 233 |
| 8 Dec 2023 | 268 | 249 |
| 5 Jan 2024 | 277 | 259 |
| 2 Feb 2024 | 279 | 267 |
| 1 Mar 2024 | 271 | 271 |
| 29 Mar 2024 | 240 | 274 |
| 26 Apr 2024 | 273 | 279 |
| 24 May 2024 | 259 | 283 |
| 21 Jun 2024 | 274 | 298 |
| 19 Jul 2024 | 283 | 305 |
| 16 Aug 2024 | 263 | 311 |
| 13 Sep 2024 | 286 | 318 |
| 11 Oct 2024 | 266 | 315 |
| 8 Nov 2024 | 250 | 291 |
| 6 Dec 2024 | 263 | 310 |
| 3 Jan 2025 | 267 | 296 |
| 31 Jan 2025 | 252 | 290 |
| 28 Feb 2025 | 238 | 269 |
| 28 Mar 2025 | 252 | 283 |
| 25 Apr 2025 | 259 | 293 |
| 23 May 2025 | 268 | 303 |
| 20 Jun 2025 | 310 | 310 |
| 18 Jul 2025 | 333 | 311 |
| 15 Aug 2025 | 322 | 308 |
| 12 Sep 2025 | 335 | 312 |
| 10 Oct 2025 | 352 | 311 |
| 7 Nov 2025 | 356 | 317 |
| 5 Dec 2025 | 367 | 311 |
| 2 Jan 2026 | 402 | 319 |
| 30 Jan 2026 | 348 | 311 |
| 27 Feb 2026 | 342 | 299 |
| 27 Mar 2026 | 324 | 278 |
| 24 Apr 2026 | 351 | 302 |
| 22 May 2026 | 362 | 301 |
| 19 Jun 2026 | 376 | 307 |
| 17 Jul 2026 | 390 | 305 |
| 14 Aug 2026 | 380 | 313 |
| 11 Sep 2026 | 384 | 304 |
| 9 Oct 2026 | 366 | 296 |
| 6 Nov 2026 | 380 | 291 |
Earnings, each company rebased to 100, the sector takes the median
Latest quarter July to September 2026: 184.4, from 5 companies
| Quarter | Median earnings index |
|---|---|
| Apr 2022 | 100.0 (3 companies) |
| Jul 2022 | 100.9 (4 companies) |
| Oct 2022 | 101.4 (4 companies) |
| Jan 2023 | 109.6 (4 companies) |
| Apr 2023 | 109.9 (5 companies) |
| Jul 2023 | 108.4 (6 companies) |
| Oct 2023 | 110.1 (6 companies) |
| Jan 2024 | 114.5 (6 companies) |
| Apr 2024 | 116.7 (6 companies) |
| Jul 2024 | 118.9 (6 companies) |
| Oct 2024 | 119.0 (6 companies) |
| Jan 2025 | 105.9 (6 companies) |
| Apr 2025 | 107.4 (6 companies) |
| Jul 2025 | 112.7 (6 companies) |
| Oct 2025 | 127.6 (6 companies) |
| Jan 2026 | 134.8 (6 companies) |
| Apr 2026 | 156.4 (6 companies) |
| Jul 2026 | 184.4 (5 companies) |
Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.
Are Gold Loan stocks outperforming NIFTY 500?
Finance & Investments - Gold Loan has done better than the NIFTY 500 by 3.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5%. Capri Global Capital Ltd is the strongest against the sector itself at +20.5%.
What is the bottom line on Gold Loan stocks?
Finance & Investments - Gold Loan has done better than the NIFTY 500 by 3.5% over 52 weeks, but is 5% behind over the last 13 weeks. 1 of 6 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 4 of the 4 with a long enough price history are ahead of the industry itself.
How does each Gold Loan stock score?
A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.
Show the list
Capri Global Capital Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 93% evidence confidence.
CSB Bank Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.
- 1Capri Global Capital LtdCGCL · turning · favourable · 93% evidence74.6out of 100
How the score adds up
Growth & earnings 29.8/35 · Income 52.9% · PAT 82.6% · 100% evidenceCapital efficiency 18.7/25 · ROA 3.3% · ROE 16.5% · GNPA — · 72% evidenceValuation 6.1/20 · P/BV 2.78× · P/BV÷ROE 0.17 · 100% evidenceRelative strength 20.0/20 · RS sector 20.5% · RS bench 17.5% · 1Y 13.6% · 100% evidence · 10 of 12 weeks aheadExact sum: 29.8 + 18.7 + 6.1 + 20 = 74.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. - 2IIFL Finance LtdIIFL · fading · favourable · 93% evidence70.5out of 100
How the score adds up
Growth & earnings 31.3/35 · Income 35.4% · PAT 100% · 100% evidenceCapital efficiency 13.8/25 · ROA 2.9% · ROE 12.6% · GNPA — · 72% evidenceValuation 12.8/20 · P/BV 1.46× · P/BV÷ROE 0.12 · 100% evidenceRelative strength 12.6/20 · RS sector 4.7% · RS bench 2.1% · 1Y −1.2% · 100% evidence · 10 of 12 weeks aheadExact sum: 31.3 + 13.8 + 12.8 + 12.6 = 70.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 3Muthoot Finance LtdMUTHOOTFIN · quiet · favourable · 69% evidence69.3out of 100
How the score adds up
Growth & earnings 24.4/35 · Income 47.3% · PAT 70.6% · 76% evidenceCapital efficiency 20.7/25 · ROA 6.3% · ROE 30.9% · GNPA — · 68% evidenceValuation 16.7/20 · P/BV 2.2× · P/BV÷ROE 0.07 · 100% evidenceRelative strength 7.5/20 · RS sector — · RS bench −22.6% · 1Y −24.2% · 25% evidence · 0 of 12 weeks aheadExact sum: 24.4 + 20.7 + 16.7 + 7.5 = 69.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 4Fedbank Financial Services LtdFEDFINA · turning · mixed, leaning good · 90% evidence62.2out of 100
How the score adds up
Growth & earnings 18.1/35 · Income 20.9% · PAT 76.4% · 76% evidenceCapital efficiency 15.2/25 · ROA 2.7% · ROE 12.6% · GNPA 1.8% · 95% evidenceValuation 11.7/20 · P/BV 1.88× · P/BV÷ROE 0.15 · 100% evidenceRelative strength 17.2/20 · RS sector 4% · RS bench 1.7% · 1Y 1.4% · 100% evidence · 3 of 12 weeks aheadExact sum: 18.1 + 15.2 + 11.7 + 17.2 = 62.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 5CSB Bank LtdCSBBANK · basing · mixed, leaning good · 85% evidence51.9out of 100
How the score adds up
Growth & earnings 10.5/35 · Income 23% · PAT 10.8% · 100% evidenceCapital efficiency 14.2/25 · ROA 1.2% · ROE 13.5% · GNPA 1.6% · 100% evidenceValuation 19.0/20 · P/BV 0.99× · P/BV÷ROE 0.07 · 100% evidenceRelative strength 8.2/20 · RS sector — · RS bench −16.5% · 1Y −28.4% · 25% evidence · 1 of 12 weeks aheadExact sum: 10.5 + 14.2 + 19 + 8.2 = 51.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. - 6Manappuram Finance LtdMANAPPURAM · quiet · weak · 89% evidence33.6out of 100
How the score adds up
Growth & earnings 13.3/35 · Income 4.7% · PAT 85.6% · 88% evidenceCapital efficiency 7.4/25 · ROA 1.3% · ROE 7% · GNPA — · 72% evidenceValuation 4.9/20 · P/BV 1.69× · P/BV÷ROE 0.24 · 100% evidenceRelative strength 8.0/20 · RS sector 1.6% · RS bench −0.7% · 1Y 7.2% · 100% evidence · 5 of 12 weeks aheadExact sum: 13.3 + 7.4 + 4.9 + 8 = 33.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
How this score is built, and what the marks mean
Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.
How have Gold Loan share prices moved?
Capri Global Capital Ltd has the strongest one-year price move in Finance & Investments - Gold Loan at +13.6%. It also leads on relative strength against the NIFTY, at +17.5%. 3 of 6 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.
Show the table and chart
Price and relative strength
Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
RS vs sector: The same measure taken against Finance & Investments - Gold Loan itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
1Y
Price of the 5 strongest one-year movers, each started at 100
52 weekly closes
- Capri Global Capital 117
- Manappuram Finance 107
- Fedbank Financial 104
- IIFL Finance 100
- Muthoot Finance 75
- NIFTY 500 92
| Week ending | Capri Global Capital | Manappuram Finance | Fedbank Financial | IIFL Finance | Muthoot Finance | NIFTY 500 |
|---|---|---|---|---|---|---|
| 7 Nov 2025 | 100 | 100 | 100 | 100 | 100 | 100 |
| 14 Nov 2025 | 101 | 104 | 105 | 104 | 115 | 100 |
| 21 Nov 2025 | 97 | 102 | 104 | 103 | 113 | 101 |
| 28 Nov 2025 | 96 | 105 | 106 | 110 | 116 | 100 |
| 5 Dec 2025 | 96 | 103 | 105 | 108 | 118 | 98 |
| 12 Dec 2025 | 94 | 106 | 104 | 110 | 119 | 99 |
| 19 Dec 2025 | 92 | 108 | 102 | 107 | 117 | 100 |
| 26 Dec 2025 | 91 | 116 | 107 | 114 | 118 | 100 |
| 2 Jan 2026 | 94 | 115 | 117 | 122 | 118 | 101 |
| 9 Jan 2026 | 94 | 106 | 113 | 123 | 118 | 99 |
| 16 Jan 2026 | 91 | 116 | 116 | 120 | 122 | 95 |
| 23 Jan 2026 | 85 | 109 | 105 | 99 | 118 | 97 |
| 30 Jan 2026 | 85 | 100 | 103 | 90 | 108 | 98 |
| 6 Feb 2026 | 88 | 111 | 104 | 98 | 115 | 98 |
| 13 Feb 2026 | 90 | 112 | 103 | 97 | 111 | 98 |
| 20 Feb 2026 | 88 | 113 | 97 | 95 | 107 | 97 |
| 27 Feb 2026 | 81 | 105 | 95 | 94 | 104 | 94 |
| 6 Mar 2026 | 82 | 97 | 92 | 92 | 100 | 90 |
| 13 Mar 2026 | 87 | 95 | 92 | 91 | 103 | 90 |
| 20 Mar 2026 | 87 | 96 | 97 | 90 | 103 | 88 |
| 27 Mar 2026 | 84 | 94 | 95 | 85 | 101 | 88 |
| 3 Apr 2026 | 85 | 95 | 99 | 83 | – | 94 |
| 10 Apr 2026 | 93 | 99 | 104 | 87 | – | 96 |
| 17 Apr 2026 | 93 | 99 | 107 | 90 | 111 | 95 |
| 24 Apr 2026 | 93 | 107 | 108 | 80 | 108 | 95 |
| 1 May 2026 | 95 | 109 | 106 | 87 | 106 | 97 |
| 8 May 2026 | 101 | 117 | 107 | 88 | 109 | 95 |
| 15 May 2026 | 94 | 114 | 110 | 88 | 103 | 95 |
| 22 May 2026 | 97 | 120 | 112 | 88 | 102 | 95 |
| 29 May 2026 | 101 | 120 | 117 | 89 | 104 | 94 |
| 5 Jun 2026 | 103 | 114 | 117 | 98 | 98 | 95 |
| 12 Jun 2026 | 106 | 113 | 111 | 99 | 94 | 97 |
| 19 Jun 2026 | 113 | 118 | 112 | 101 | 97 | 97 |
| 26 Jun 2026 | 111 | 118 | 108 | 97 | 94 | 98 |
| 3 Jul 2026 | 119 | 121 | 111 | 99 | 95 | 98 |
| 10 Jul 2026 | 128 | 126 | 116 | 105 | 97 | 98 |
| 17 Jul 2026 | 131 | 120 | 115 | 106 | 93 | 96 |
| 24 Jul 2026 | 121 | 130 | 109 | 106 | 93 | 98 |
| 31 Jul 2026 | 118 | 137 | 112 | 116 | 97 | 100 |
| 7 Aug 2026 | 117 | 136 | 109 | 116 | 90 | 99 |
| 14 Aug 2026 | 115 | 129 | 109 | 120 | 88 | 99 |
| 21 Aug 2026 | 114 | 132 | 114 | 129 | 94 | 99 |
| 28 Aug 2026 | 131 | 129 | 115 | 125 | 96 | 98 |
| 4 Sep 2026 | 142 | 126 | 117 | 124 | 90 | 96 |
| 11 Sep 2026 | 135 | 122 | 115 | 114 | 86 | 96 |
| 18 Sep 2026 | 138 | 118 | 113 | 114 | 88 | 95 |
| 25 Sep 2026 | 129 | 123 | 110 | 117 | 88 | 92 |
| 2 Oct 2026 | 127 | 114 | 109 | 111 | 84 | 92 |
| 9 Oct 2026 | 123 | 116 | 106 | 114 | 81 | 93 |
| 16 Oct 2026 | 126 | 120 | 117 | 117 | 80 | 93 |
| 23 Oct 2026 | 121 | 106 | 109 | 101 | 74 | 90 |
| 30 Oct 2026 | 117 | 107 | 104 | 100 | 75 | 92 |
3Y
Price of the 5 strongest one-year movers, each started at 100
156 weekly closes, every 2nd shown
- Capri Global Capital 121
- Manappuram Finance 209
- Fedbank Financial 101
- IIFL Finance 90
- Muthoot Finance 188
- NIFTY 500 125
| Week ending | Capri Global Capital | Manappuram Finance | Fedbank Financial | IIFL Finance | Muthoot Finance | NIFTY 500 |
|---|---|---|---|---|---|---|
| 10 Nov 2023 | 100 | 100 | – | 100 | 100 | 100 |
| 17 Nov 2023 | 99 | 112 | – | 102 | 104 | 101 |
| 1 Dec 2023 | 97 | 118 | 100 | 101 | 113 | 107 |
| 15 Dec 2023 | 100 | 125 | 104 | 107 | 116 | 107 |
| 29 Dec 2023 | 101 | 124 | 96 | 99 | 115 | 111 |
| 12 Jan 2024 | 111 | 125 | 98 | 107 | 115 | 111 |
| 26 Jan 2024 | 123 | 129 | 92 | 99 | 108 | 113 |
| 9 Feb 2024 | 121 | 133 | 90 | 96 | 107 | 114 |
| 23 Feb 2024 | 126 | 133 | 90 | 99 | 103 | 114 |
| 8 Mar 2024 | 130 | 125 | 86 | 69 | 107 | 112 |
| 22 Mar 2024 | 106 | 125 | 81 | 55 | 111 | 115 |
| 5 Apr 2024 | 116 | 139 | 89 | 66 | 129 | 120 |
| 19 Apr 2024 | 119 | 136 | 86 | 67 | 129 | 118 |
| 3 May 2024 | 116 | 142 | 89 | 68 | 132 | 118 |
| 17 May 2024 | 119 | 131 | 87 | 68 | 133 | 121 |
| 31 May 2024 | 111 | 122 | 84 | 68 | 131 | 120 |
| 14 Jun 2024 | 117 | 134 | 86 | 80 | 138 | 127 |
| 28 Jun 2024 | 113 | 150 | 85 | 88 | 140 | 131 |
| 12 Jul 2024 | 119 | 162 | 89 | 83 | 144 | 133 |
| 26 Jul 2024 | 109 | 154 | 86 | 77 | 139 | 134 |
| 9 Aug 2024 | 109 | 148 | 86 | 72 | 146 | 130 |
| 23 Aug 2024 | 112 | 156 | 85 | 78 | 148 | 135 |
| 6 Sep 2024 | 112 | 148 | 84 | 79 | 154 | 134 |
| 20 Sep 2024 | 109 | 149 | 84 | 90 | 155 | 139 |
| 4 Oct 2024 | 106 | 137 | 81 | 78 | 150 | 135 |
| 18 Oct 2024 | 102 | 111 | 78 | 76 | 153 | 131 |
| 1 Nov 2024 | 108 | 115 | 75 | 77 | 150 | 132 |
| 15 Nov 2024 | 100 | 113 | 70 | 72 | 138 | 126 |
| 29 Nov 2024 | 109 | 113 | 81 | 71 | 149 | 132 |
| 13 Dec 2024 | 107 | 132 | 80 | 74 | 163 | 131 |
| 27 Dec 2024 | 99 | 133 | 74 | 70 | 161 | 128 |
| 10 Jan 2025 | 96 | 130 | 70 | 70 | 166 | 123 |
| 24 Jan 2025 | 105 | 142 | 67 | 64 | 169 | 121 |
| 7 Feb 2025 | 92 | 151 | 67 | 62 | 175 | 119 |
| 21 Feb 2025 | 91 | 146 | 66 | 54 | 172 | 117 |
| 7 Mar 2025 | 86 | 151 | 64 | 55 | 170 | 116 |
| 21 Mar 2025 | 87 | 169 | 64 | 58 | 183 | 122 |
| 4 Apr 2025 | 86 | 168 | 62 | 58 | 183 | 116 |
| 18 Apr 2025 | 87 | 166 | 64 | 57 | 164 | 127 |
| 2 May 2025 | 86 | 167 | 62 | 60 | 169 | 126 |
| 16 May 2025 | 88 | 166 | 63 | 70 | 164 | 130 |
| 30 May 2025 | 79 | 173 | 69 | 74 | 173 | 130 |
| 13 Jun 2025 | 90 | 202 | 82 | 80 | 202 | 131 |
| 27 Jun 2025 | 89 | 200 | 80 | 80 | 200 | 135 |
| 11 Jul 2025 | 92 | 190 | 81 | 88 | 206 | 134 |
| 25 Jul 2025 | 96 | 192 | 89 | 88 | 207 | 132 |
| 8 Aug 2025 | 95 | 187 | 89 | 76 | 204 | 130 |
| 22 Aug 2025 | 98 | 193 | 100 | 77 | 209 | 130 |
| 5 Sep 2025 | 97 | 206 | 96 | 74 | 221 | 132 |
| 19 Sep 2025 | 100 | 207 | 104 | 77 | 229 | 132 |
| 3 Oct 2025 | 99 | 207 | 109 | 78 | 247 | 132 |
| 17 Oct 2025 | 101 | 205 | 105 | 85 | 260 | 136 |
| 31 Oct 2025 | 106 | 195 | 99 | 91 | 247 | 135 |
| 14 Nov 2025 | 104 | 203 | 102 | 93 | 290 | 137 |
| 28 Nov 2025 | 99 | 206 | 103 | 98 | 292 | 136 |
| 12 Dec 2025 | 96 | 208 | 100 | 99 | 299 | 134 |
| 26 Dec 2025 | 94 | 227 | 104 | 102 | 296 | 136 |
| 9 Jan 2026 | 96 | 207 | 109 | 110 | 297 | 134 |
| 23 Jan 2026 | 87 | 213 | 102 | 88 | 296 | 132 |
| 6 Feb 2026 | 91 | 218 | 101 | 88 | 288 | 133 |
| 20 Feb 2026 | 91 | 222 | 94 | 84 | 269 | 132 |
| 6 Mar 2026 | 84 | 190 | 89 | 82 | 252 | 122 |
| 20 Mar 2026 | 89 | 187 | 94 | 80 | 258 | 120 |
| 3 Apr 2026 | 87 | 185 | 96 | 74 | – | 128 |
| 17 Apr 2026 | 95 | 194 | 103 | 80 | 278 | 129 |
| 1 May 2026 | 98 | 213 | 103 | 78 | 267 | 132 |
| 15 May 2026 | 97 | 222 | 106 | 79 | 258 | 129 |
| 29 May 2026 | 104 | 235 | 113 | 79 | 260 | 128 |
| 12 Jun 2026 | 109 | 221 | 107 | 88 | 237 | 132 |
| 26 Jun 2026 | 114 | 230 | 104 | 86 | 236 | 133 |
| 10 Jul 2026 | 132 | 247 | 112 | 94 | 244 | 133 |
| 24 Jul 2026 | 125 | 255 | 106 | 94 | 233 | 134 |
| 7 Aug 2026 | 121 | 265 | 105 | 104 | 225 | 135 |
| 21 Aug 2026 | 117 | 258 | 110 | 115 | 235 | 134 |
| 4 Sep 2026 | 147 | 246 | 113 | 110 | 227 | 131 |
| 18 Sep 2026 | 142 | 231 | 109 | 102 | 221 | 129 |
| 2 Oct 2026 | 131 | 223 | 105 | 99 | 210 | 125 |
| 16 Oct 2026 | 130 | 234 | 114 | 104 | 202 | 127 |
| 30 Oct 2026 | 121 | 209 | 101 | 90 | 188 | 125 |
5Y
Price of the 5 strongest one-year movers, each started at 100
260 weekly closes, every 4th shown
- Capri Global Capital 187
- Manappuram Finance 132
- Fedbank Financial 101
- IIFL Finance 156
- Muthoot Finance 142
- NIFTY 500 142
| Week ending | Capri Global Capital | Manappuram Finance | Fedbank Financial | IIFL Finance | Muthoot Finance | NIFTY 500 |
|---|---|---|---|---|---|---|
| 12 Nov 2021 | 100 | 100 | – | 100 | 100 | 100 |
| 3 Dec 2021 | 98 | 79 | – | 94 | 88 | 98 |
| 31 Dec 2021 | 100 | 75 | – | 80 | 88 | 100 |
| 28 Jan 2022 | 102 | 72 | – | 91 | 85 | 99 |
| 25 Feb 2022 | 113 | 52 | – | 86 | 80 | 92 |
| 25 Mar 2022 | 118 | 52 | – | 80 | 77 | 96 |
| 22 Apr 2022 | 140 | 54 | – | 106 | 78 | 96 |
| 20 May 2022 | 121 | 43 | – | 91 | 69 | 88 |
| 17 Jun 2022 | 135 | 40 | – | 94 | 59 | 84 |
| 15 Jul 2022 | 136 | 41 | – | 99 | 60 | 92 |
| 12 Aug 2022 | 132 | 51 | – | 99 | 70 | 100 |
| 9 Sep 2022 | 140 | 48 | – | 97 | 62 | 101 |
| 7 Oct 2022 | 140 | 47 | – | 106 | 63 | 96 |
| 4 Nov 2022 | 142 | 48 | – | 118 | 64 | 101 |
| 2 Dec 2022 | 144 | 55 | – | 133 | 67 | 103 |
| 30 Dec 2022 | 144 | 53 | – | 138 | 63 | 100 |
| 27 Jan 2023 | 145 | 52 | – | 132 | 60 | 96 |
| 24 Feb 2023 | 141 | 47 | – | 125 | 57 | 95 |
| 24 Mar 2023 | 116 | 54 | – | 122 | 57 | 93 |
| 21 Apr 2023 | 134 | 58 | – | 130 | 61 | 97 |
| 19 May 2023 | 137 | 51 | – | 131 | 61 | 100 |
| 16 Jun 2023 | 154 | 57 | – | 147 | 69 | 105 |
| 14 Jul 2023 | 158 | 59 | – | 157 | 77 | 110 |
| 11 Aug 2023 | 160 | 68 | – | 164 | 80 | 109 |
| 8 Sep 2023 | 164 | 66 | – | 177 | 76 | 113 |
| 6 Oct 2023 | 159 | 65 | – | 183 | 71 | 113 |
| 3 Nov 2023 | 154 | 64 | – | 178 | 78 | 112 |
| 1 Dec 2023 | 150 | 75 | 100 | 176 | 86 | 121 |
| 29 Dec 2023 | 156 | 79 | 96 | 172 | 87 | 125 |
| 26 Jan 2024 | 191 | 82 | 92 | 173 | 82 | 128 |
| 23 Feb 2024 | 195 | 84 | 90 | 173 | 78 | 130 |
| 22 Mar 2024 | 164 | 79 | 81 | 96 | 84 | 130 |
| 19 Apr 2024 | 184 | 86 | 86 | 117 | 98 | 134 |
| 17 May 2024 | 184 | 83 | 87 | 119 | 101 | 137 |
| 14 Jun 2024 | 182 | 85 | 86 | 139 | 105 | 144 |
| 12 Jul 2024 | 184 | 103 | 89 | 145 | 109 | 150 |
| 9 Aug 2024 | 168 | 94 | 86 | 125 | 111 | 147 |
| 6 Sep 2024 | 173 | 94 | 84 | 138 | 117 | 152 |
| 4 Oct 2024 | 165 | 87 | 81 | 137 | 114 | 153 |
| 1 Nov 2024 | 167 | 73 | 75 | 134 | 114 | 149 |
| 29 Nov 2024 | 169 | 72 | 81 | 124 | 113 | 150 |
| 27 Dec 2024 | 153 | 84 | 74 | 122 | 122 | 145 |
| 24 Jan 2025 | 163 | 90 | 67 | 111 | 129 | 138 |
| 21 Feb 2025 | 141 | 92 | 66 | 95 | 131 | 132 |
| 21 Mar 2025 | 135 | 107 | 64 | 101 | 139 | 138 |
| 18 Apr 2025 | 135 | 105 | 64 | 99 | 125 | 144 |
| 16 May 2025 | 136 | 105 | 63 | 123 | 124 | 147 |
| 13 Jun 2025 | 139 | 128 | 82 | 139 | 154 | 148 |
| 11 Jul 2025 | 143 | 120 | 81 | 154 | 156 | 152 |
| 8 Aug 2025 | 148 | 118 | 89 | 133 | 155 | 147 |
| 5 Sep 2025 | 150 | 130 | 96 | 129 | 168 | 149 |
| 3 Oct 2025 | 153 | 131 | 109 | 135 | 187 | 150 |
| 31 Oct 2025 | 165 | 123 | 99 | 158 | 188 | 153 |
| 28 Nov 2025 | 153 | 130 | 103 | 171 | 221 | 154 |
| 26 Dec 2025 | 145 | 143 | 104 | 177 | 225 | 155 |
| 23 Jan 2026 | 135 | 135 | 102 | 154 | 225 | 149 |
| 20 Feb 2026 | 140 | 140 | 94 | 147 | 205 | 150 |
| 20 Mar 2026 | 138 | 119 | 94 | 140 | 196 | 136 |
| 17 Apr 2026 | 148 | 123 | 103 | 140 | 211 | 146 |
| 15 May 2026 | 150 | 141 | 106 | 138 | 196 | 147 |
| 12 Jun 2026 | 169 | 140 | 107 | 154 | 180 | 150 |
| 10 Jul 2026 | 204 | 156 | 112 | 164 | 185 | 151 |
| 7 Aug 2026 | 187 | 168 | 105 | 181 | 171 | 153 |
| 4 Sep 2026 | 227 | 156 | 113 | 193 | 172 | 148 |
| 2 Oct 2026 | 202 | 141 | 105 | 173 | 160 | 142 |
| 30 Oct 2026 | 187 | 132 | 101 | 156 | 142 | 142 |
The companies with the strongest one-year price moves are drawn. The NIFTY 500 line is dashed.
Biggest one-year moves
- 1Capri Global Capital LtdCGCL · ₹22,200 cr+13.6%1 year
- 2Manappuram Finance LtdMANAPPURAM · ₹27,100 cr+7.2%1 year
- 3Fedbank Financial Services LtdFEDFINA · ₹5,960 cr+1.4%1 year
- 4IIFL Finance LtdIIFL · ₹22,500 cr−1.2%1 year
- 5Muthoot Finance LtdMUTHOOTFIN · ₹96,700 cr−24.2%1 year
Strongest against NIFTY 500
- 1Capri Global Capital LtdCGCL · ₹22,200 cr+17.5%vs NIFTY 500
- 2IIFL Finance LtdIIFL · ₹22,500 cr+2.1%vs NIFTY 500
- 3Fedbank Financial Services LtdFEDFINA · ₹5,960 cr+1.7%vs NIFTY 500
- 4Manappuram Finance LtdMANAPPURAM · ₹27,100 cr−0.7%vs NIFTY 500
- 5CSB Bank LtdCSBBANK · ₹5,130 cr−16.5%vs NIFTY 500
Strongest against the sector itself
- 1Capri Global Capital LtdCGCL · ₹22,200 cr+20.5%vs sector
- 2IIFL Finance LtdIIFL · ₹22,500 cr+4.7%vs sector
- 3Fedbank Financial Services LtdFEDFINA · ₹5,960 cr+4.0%vs sector
- 4Manappuram Finance LtdMANAPPURAM · ₹27,100 cr+1.6%vs sector
What did Gold Loan managements say about July to September 2026?
3 of 5 Finance & Investments - Gold Loan companies held a results call for July to September 2026. Capri Global Capital guided: FY27 AUM ₹50,000 crore maintained.
Capri Global Capital call 29 October 2026
“We do not wish to grow at a low yield. Rather, if required, we can always increase the level of our smaller-ticket lending in gold loans instead of going for larger ticket sizes.”Management
Guided: FY27 AUM ₹50,000 crore maintained.
Fedbank Financial Services call 15 October 2026
“The main guidance remains that we are targeting an ROA of 3%, and we should see it sooner than we had promised you earlier.”Pervez Mulla, MD & CEO, closing remarks
Guided: FY27 consolidated AUM growth of 20-25%, using flat gold prices as the planning case.
IIFL Finance call 15 October 2026
“The issue we need to resolve is the faster growth in the standalone entity, which is primarily in gold loans and the LAP business. We need to provide some additional capital there.”Nirmal Jain
Guided: FY27 AUM growth around 25%, with similar profit growth; H2 gold momentum assumes prices within plus/minus 10%, while a sudden 10% fall could lift gold NPAs to 1-3%, with negligible ultimate losses.
From the results calls for July to September 2026.
Is money moving into Gold Loan stocks?
Big funds, foreign and Indian, cut their stake by 0.9 points over the last two quarters. Founders and promoters raised theirs by 1.0 points.
- Spending on plants is not a useful measure for a lender, so it is left out.
Big funds = foreign and Indian institutions, change in their share of ownership across 6 Finance & Investments - Gold Loan companies, in percentage points.
Ownership and spending as of 10 October 2026.
Which Gold Loan companies earn the most income, and which grow fastest?
Muthoot Finance Ltd has the highest Income among the 6 Finance & Investments - Gold Loan companies compared here, at ₹36,147 crore. IIFL Finance Ltd is next at ₹15,284 crore. Capri Global Capital Ltd has the highest Income growth at 52.9%, so level and change sit with different companies. Its Income series carries 17 reported observations across the 20-quarter window.
Show the table and chart
What the numbers say: Muthoot Finance Ltd is the largest at ₹36,147 crore, 136.5% ahead of IIFL Finance Ltd. Capri Global Capital Ltd's growth is 52.9% from a ₹5,970 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.
What this means: Muthoot Finance Ltd is the size to compare against; Capri Global Capital Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.
This conclusion weakens if: Muthoot Finance Ltd's growth falls below Capri Global Capital 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.
Income · company comparison
Income, by reported quarter
- Muthoot Finance ₹10,000 cr
- IIFL Finance ₹4,250 cr
- Manappuram Finance ₹3,030 cr
- Capri Global Capital ₹1,790 cr
- CSB Bank ₹1,340 cr
| Quarter | Muthoot Finance | IIFL Finance | Manappuram Finance | Capri Global Capital | CSB Bank |
|---|---|---|---|---|---|
| Dec 2021 | — | ₹1,840 cr | ₹1,510 cr | ₹254 cr | ₹528 cr |
| Mar 2022 | — | ₹1,940 cr | ₹1,490 cr | ₹308 cr | ₹520 cr |
| Jun 2022 | — | ₹1,980 cr | ₹1,500 cr | ₹280 cr | ₹536 cr |
| Sep 2022 | ₹2,830 cr | ₹2,050 cr | ₹1,710 cr | ₹346 cr | ₹555 cr |
| Dec 2022 | ₹3,010 cr | ₹2,120 cr | ₹1,720 cr | ₹385 cr | ₹592 cr |
| Mar 2023 | ₹3,280 cr | ₹2,190 cr | ₹1,780 cr | ₹455 cr | ₹636 cr |
| Jun 2023 | ₹3,470 cr | ₹2,300 cr | ₹2,030 cr | ₹501 cr | ₹683 cr |
| Sep 2023 | ₹3,610 cr | ₹2,480 cr | ₹2,160 cr | ₹557 cr | ₹687 cr |
| Dec 2023 | ₹3,820 cr | ₹2,650 cr | ₹2,310 cr | ₹605 cr | ₹762 cr |
| Mar 2024 | ₹4,160 cr | ₹2,850 cr | ₹2,350 cr | ₹649 cr | ₹795 cr |
| Jun 2024 | ₹4,470 cr | ₹2,620 cr | ₹2,490 cr | ₹718 cr | ₹832 cr |
| Sep 2024 | ₹4,930 cr | ₹2,560 cr | ₹2,630 cr | ₹752 cr | ₹865 cr |
| Dec 2024 | ₹5,190 cr | ₹2,440 cr | ₹2,560 cr | ₹821 cr | ₹919 cr |
| Mar 2025 | ₹5,620 cr | ₹2,590 cr | ₹2,360 cr | ₹957 cr | ₹981 cr |
| Jun 2025 | ₹6,450 cr | ₹2,950 cr | ₹2,260 cr | ₹1,000 cr | ₹1,040 cr |
| Sep 2025 | ₹7,280 cr | ₹3,310 cr | ₹2,270 cr | ₹1,120 cr | ₹1,110 cr |
| Dec 2025 | ₹8,190 cr | ₹3,430 cr | ₹2,350 cr | ₹1,220 cr | ₹1,150 cr |
| Mar 2026 | ₹9,290 cr | ₹3,690 cr | ₹2,610 cr | ₹1,390 cr | ₹1,200 cr |
| Jun 2026 | ₹8,670 cr | ₹3,920 cr | ₹3,030 cr | ₹1,580 cr | ₹1,290 cr |
| Sep 2026 | ₹10,000 cr | ₹4,250 cr | — | ₹1,790 cr | ₹1,340 cr |
Income growth, by reported quarter
- Muthoot Finance 37%
- IIFL Finance 28%
- Manappuram Finance 34%
- Capri Global Capital 59%
- CSB Bank 21%
| Quarter | Muthoot Finance | IIFL Finance | Manappuram Finance | Capri Global Capital | CSB Bank |
|---|---|---|---|---|---|
| Dec 2021 | — | — | — | — | — |
| Mar 2022 | — | — | — | — | — |
| Jun 2022 | — | 29% | −4.5% | 40% | — |
| Sep 2022 | — | 20% | 10% | 57% | 12% |
| Dec 2022 | — | 15% | 14% | 52% | 12% |
| Mar 2023 | — | 13% | 19% | 48% | 22% |
| Jun 2023 | — | 17% | 35% | 79% | 27% |
| Sep 2023 | 28% | 21% | 26% | 61% | 24% |
| Dec 2023 | 27% | 25% | 34% | 57% | 29% |
| Mar 2024 | 27% | 31% | 32% | 43% | 25% |
| Jun 2024 | 29% | 14% | 23% | 43% | 22% |
| Sep 2024 | 37% | 3.2% | 22% | 35% | 26% |
| Dec 2024 | 36% | −7.8% | 11% | 36% | 21% |
| Mar 2025 | 35% | −9.2% | 0.6% | 47% | 23% |
| Jun 2025 | 44% | 13% | −9.1% | 40% | 25% |
| Sep 2025 | 48% | 29% | −14% | 49% | 28% |
| Dec 2025 | 58% | 40% | −8.1% | 49% | 26% |
| Mar 2026 | 65% | 42% | 11% | 45% | 22% |
| Jun 2026 | 34% | 33% | 34% | 57% | 24% |
| Sep 2026 | 37% | 28% | — | 59% | 21% |
6 of 6 companies report income, 6 of 6 income growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented.
Income · largest
- 1Muthoot Finance LtdMUTHOOTFIN₹36,100 cr
- 2IIFL Finance LtdIIFL₹15,300 cr
- 3Manappuram Finance LtdMANAPPURAM₹10,300 cr
- 4Capri Global Capital LtdCGCL₹5,970 cr
- 5CSB Bank LtdCSBBANK₹4,980 cr
Income growth · fastest growers
- 1Capri Global Capital LtdCGCL53%
- 2Muthoot Finance LtdMUTHOOTFIN47%
- 3IIFL Finance LtdIIFL35%
- 4CSB Bank LtdCSBBANK23%
- 5Fedbank Financial Services LtdFEDFINA21%
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Income | Income growth | Reported |
|---|---|---|---|
| Muthoot Finance Ltd MUTHOOTFIN | ₹10,000 cr | 37% | Sep 2026 |
| IIFL Finance Ltd IIFL | ₹4,250 cr | 28% | Sep 2026 |
| Manappuram Finance Ltd MANAPPURAM | ₹3,030 cr | 34% | Jun 2026 |
| Capri Global Capital Ltd CGCL | ₹1,790 cr | 59% | Sep 2026 |
| CSB Bank Ltd CSBBANK | ₹1,340 cr | 21% | Sep 2026 |
| Fedbank Financial Services Ltd FEDFINA | ₹719 cr | 34% | Sep 2026 |
Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.
What to watch
Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.
Which Gold Loan companies earn the most profit?
Muthoot Finance Ltd has the highest Net profit among the 6 Finance & Investments - Gold Loan companies compared here, at ₹12,323 crore. IIFL Finance Ltd is next at ₹2,642 crore. IIFL Finance Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
Show the table and chart
What the numbers say: Muthoot Finance Ltd earns the most, ₹12,323 crore of profit over the last 12 months, 366.4% above IIFL Finance Ltd. IIFL Finance Ltd shows at least 100% on the scoring scale (157.8% in full) growth from a profit base of ₹2,642 crore. A fast rate from a small base matters less than a large profit that keeps coming.
What this means: Muthoot Finance Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.
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 profit · company comparison
Net profit, by reported quarter
- Muthoot Finance ₹3,280 cr
- IIFL Finance ₹805 cr
- Manappuram Finance ₹585 cr
- Capri Global Capital ₹418 cr
- CSB Bank ₹183 cr
| Quarter | Muthoot Finance | IIFL Finance | Manappuram Finance | Capri Global Capital | CSB Bank |
|---|---|---|---|---|---|
| Dec 2021 | — | ₹310 cr | ₹261 cr | ₹65 cr | ₹148 cr |
| Mar 2022 | — | ₹321 cr | ₹261 cr | ₹42 cr | ₹131 cr |
| Jun 2022 | — | ₹330 cr | ₹282 cr | ₹46 cr | ₹115 cr |
| Sep 2022 | ₹902 cr | ₹397 cr | ₹408 cr | ₹56 cr | ₹121 cr |
| Dec 2022 | ₹934 cr | ₹423 cr | ₹393 cr | ₹37 cr | ₹156 cr |
| Mar 2023 | ₹1,010 cr | ₹458 cr | ₹415 cr | ₹65 cr | ₹156 cr |
| Jun 2023 | ₹1,050 cr | ₹473 cr | ₹498 cr | ₹64 cr | ₹132 cr |
| Sep 2023 | ₹1,100 cr | ₹526 cr | ₹561 cr | ₹65 cr | ₹133 cr |
| Dec 2023 | ₹1,150 cr | ₹545 cr | ₹575 cr | ₹68 cr | ₹150 cr |
| Mar 2024 | ₹1,180 cr | ₹431 cr | ₹564 cr | ₹83 cr | ₹151 cr |
| Jun 2024 | ₹1,200 cr | ₹338 cr | ₹557 cr | ₹76 cr | ₹113 cr |
| Sep 2024 | ₹1,320 cr | −₹93 cr | ₹572 cr | ₹97 cr | ₹138 cr |
| Dec 2024 | ₹1,390 cr | ₹82 cr | ₹278 cr | ₹128 cr | ₹152 cr |
| Mar 2025 | ₹1,440 cr | ₹251 cr | −₹203 cr | ₹178 cr | ₹190 cr |
| Jun 2025 | ₹1,970 cr | ₹274 cr | ₹132 cr | ₹175 cr | ₹119 cr |
| Sep 2025 | ₹2,410 cr | ₹418 cr | ₹217 cr | ₹236 cr | ₹160 cr |
| Dec 2025 | ₹2,820 cr | ₹501 cr | ₹239 cr | ₹255 cr | ₹153 cr |
| Mar 2026 | ₹3,400 cr | ₹623 cr | ₹405 cr | ₹283 cr | ₹202 cr |
| Jun 2026 | ₹2,830 cr | ₹713 cr | ₹585 cr | ₹353 cr | ₹150 cr |
| Sep 2026 | ₹3,280 cr | ₹805 cr | — | ₹418 cr | ₹183 cr |
Profit growth, by reported quarter
- Muthoot Finance 36%
- IIFL Finance 93%
- Manappuram Finance 343%
- Capri Global Capital 77%
- CSB Bank 14%
| Quarter | Muthoot Finance | IIFL Finance | Manappuram Finance | Capri Global Capital | CSB Bank |
|---|---|---|---|---|---|
| Dec 2021 | — | — | — | — | — |
| Mar 2022 | — | — | — | — | — |
| Jun 2022 | — | 24% | −35% | 0.0% | — |
| Sep 2022 | — | 36% | 10% | 7.7% | 1.7% |
| Dec 2022 | — | 36% | 51% | −43% | 5.4% |
| Mar 2023 | — | 43% | 59% | 55% | 19% |
| Jun 2023 | — | 43% | 77% | 39% | 15% |
| Sep 2023 | 21% | 32% | 38% | 16% | 9.9% |
| Dec 2023 | 23% | 29% | 46% | 84% | −3.9% |
| Mar 2024 | 17% | −5.9% | 36% | 28% | −3.2% |
| Jun 2024 | 14% | −29% | 12% | 19% | −14% |
| Sep 2024 | 21% | −118% | 2.0% | 49% | 3.8% |
| Dec 2024 | 22% | −85% | −52% | 88% | 1.3% |
| Mar 2025 | 22% | −42% | −136% | 114% | 26% |
| Jun 2025 | 65% | −19% | −76% | 130% | 5.3% |
| Sep 2025 | 83% | — | −62% | 143% | 16% |
| Dec 2025 | 103% | 511% | −14% | 99% | 0.7% |
| Mar 2026 | 135% | 148% | — | 59% | 6.3% |
| Jun 2026 | 43% | 160% | 343% | 102% | 26% |
| Sep 2026 | 36% | 93% | — | 77% | 14% |
6 of 6 companies report net profit, 6 of 6 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.
Net profit · largest
- 1Muthoot Finance LtdMUTHOOTFIN₹12,300 cr
- 2IIFL Finance LtdIIFL₹2,640 cr
- 3Manappuram Finance LtdMANAPPURAM₹1,450 cr
- 4Capri Global Capital LtdCGCL₹1,310 cr
- 5CSB Bank LtdCSBBANK₹688 cr
Profit growth · fastest growers
- 1IIFL Finance LtdIIFL100%
- 2Manappuram Finance LtdMANAPPURAM86%
- 3Capri Global Capital LtdCGCL83%
- 4Fedbank Financial Services LtdFEDFINA76%
- 5Muthoot Finance LtdMUTHOOTFIN71%
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Muthoot Finance Ltd MUTHOOTFIN | ₹3,280 cr | 36% | Sep 2026 |
| IIFL Finance Ltd IIFL | ₹805 cr | 93% | Sep 2026 |
| Manappuram Finance Ltd MANAPPURAM | ₹585 cr | 343% | Jun 2026 |
| Capri Global Capital Ltd CGCL | ₹418 cr | 77% | Sep 2026 |
| CSB Bank Ltd CSBBANK | ₹183 cr | 14% | Sep 2026 |
| Fedbank Financial Services Ltd FEDFINA | ₹131 cr | 64% | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.
Which Gold Loan companies have the most deposits?
CSB Bank Ltd has the highest Deposits among the 6 Finance & Investments - Gold Loan companies compared here, at ₹46,889 crore. Muthoot Finance Ltd has the highest Borrowings at ₹1,80,184 crore, so level and change sit with different companies. 1 of 6 companies report a comparable reading, the latest through Sep 2026.
Show the table and chart
What the numbers say: CSB Bank Ltd leads deposits at ₹46,889 crore; Muthoot Finance Ltd leads borrowings at ₹1,80,184 crore.
What this means: CSB Bank Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.
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.
Funding base · company comparison
Deposits, by reported quarter
| Quarter | CSB Bank |
|---|---|
| Dec 2021 | — |
| Mar 2022 | ₹20,200 cr |
| Jun 2022 | — |
| Sep 2022 | ₹21,000 cr |
| Dec 2022 | — |
| Mar 2023 | ₹24,500 cr |
| Jun 2023 | — |
| Sep 2023 | ₹25,400 cr |
| Dec 2023 | — |
| Mar 2024 | ₹29,700 cr |
| Jun 2024 | — |
| Sep 2024 | ₹31,800 cr |
| Dec 2024 | — |
| Mar 2025 | ₹36,900 cr |
| Jun 2025 | — |
| Sep 2025 | ₹39,700 cr |
| Dec 2025 | — |
| Mar 2026 | ₹44,200 cr |
| Jun 2026 | — |
| Sep 2026 | ₹46,900 cr |
Borrowings, by reported quarter
| Quarter | CSB Bank |
|---|---|
| Dec 2021 | ₹1,480 cr |
| Mar 2022 | ₹2,010 cr |
| Jun 2022 | ₹2,010 cr |
| Sep 2022 | ₹1,350 cr |
| Dec 2022 | ₹1,350 cr |
| Mar 2023 | ₹783 cr |
| Jun 2023 | ₹783 cr |
| Sep 2023 | ₹1,810 cr |
| Dec 2023 | ₹1,810 cr |
| Mar 2024 | ₹1,760 cr |
| Jun 2024 | ₹1,760 cr |
| Sep 2024 | ₹2,350 cr |
| Dec 2024 | ₹2,350 cr |
| Mar 2025 | ₹5,550 cr |
| Jun 2025 | ₹5,550 cr |
| Sep 2025 | ₹4,330 cr |
| Dec 2025 | ₹4,330 cr |
| Mar 2026 | ₹7,150 cr |
| Jun 2026 | ₹7,150 cr |
| Sep 2026 | ₹6,170 cr |
1 of 6 companies report deposits, 6 of 6 borrowings.
Deposits · largest deposit bases
- 1CSB Bank LtdCSBBANK₹46,900 cr
Borrowings · largest borrowings
- 1Muthoot Finance LtdMUTHOOTFIN₹1.8 lakh cr
- 2IIFL Finance LtdIIFL₹84,400 cr
- 3Manappuram Finance LtdMANAPPURAM₹57,800 cr
- 4Capri Global Capital LtdCGCL₹30,500 cr
- 5Fedbank Financial Services LtdFEDFINA₹14,800 cr
All-company data · latest reported quarter
| Company | Deposits | Borrowings | Reported |
|---|---|---|---|
| CSB Bank Ltd CSBBANK | ₹46,900 cr | ₹6,170 cr | Sep 2026 |
| Manappuram Finance Ltd MANAPPURAM | ₹0 cr | ₹57,800 cr | Jun 2026 |
| Muthoot Finance Ltd MUTHOOTFIN | — | ₹1.8 lakh cr | Sep 2026 |
| IIFL Finance Ltd IIFL | — | ₹84,400 cr | Sep 2026 |
| Capri Global Capital Ltd CGCL | — | ₹30,500 cr | Sep 2026 |
| Fedbank Financial Services Ltd FEDFINA | — | ₹14,800 cr | Sep 2026 |
Deposit scale can lower funding risk, while rising wholesale borrowings can change cost and liquidity. Asset quality and margins decide whether the funding base creates value.
What to watch
Watch deposit growth, funding cost, liquidity coverage, credit growth and gross NPA together.
Which Gold Loan companies earn the most on their assets?
Muthoot Finance Ltd has the highest ROA among the 6 Finance & Investments - Gold Loan companies compared here, at 6.3%. Capri Global Capital Ltd is next at 3.3%. IIFL Finance Ltd has the highest ROA change at +1.3 percentage points, so level and change sit with different companies.
Show the table and chart
What the numbers say: Muthoot Finance Ltd leads roa at 6.3%; IIFL Finance Ltd leads roa change at +1.3 percentage points.
What this means: Muthoot Finance Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.
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.
Return on assets · company comparison
ROA, by reported quarter
- Capri Global Capital 3.3%
- IIFL Finance 2.9%
- Manappuram Finance 1.3%
| Quarter | Capri Global Capital | IIFL Finance | Manappuram Finance |
|---|---|---|---|
| Dec 2021 | — | — | — |
| Mar 2022 | 2.9% | 2.7% | 3.9% |
| Jun 2022 | — | — | — |
| Sep 2022 | 2.5% | 3.0% | 3.3% |
| Dec 2022 | — | — | — |
| Mar 2023 | 1.7% | 3.3% | 3.8% |
| Jun 2023 | — | — | — |
| Sep 2023 | 1.8% | 3.6% | 4.2% |
| Dec 2023 | — | 3.4% | — |
| Mar 2024 | 1.8% | 3.4% | 4.7% |
| Jun 2024 | — | — | — |
| Sep 2024 | 1.9% | 3.3% | 4.3% |
| Dec 2024 | — | — | — |
| Mar 2025 | 2.3% | 0.9% | 2.4% |
| Jun 2025 | — | — | — |
| Sep 2025 | 2.9% | 1.6% | 0.8% |
| Dec 2025 | — | — | — |
| Mar 2026 | 2.9% | 2.3% | 1.3% |
| Jun 2026 | — | — | — |
| Sep 2026 | 3.3% | 2.9% | — |
ROA change, by reported quarter
- Capri Global Capital +0.4 pp
- IIFL Finance +1.3 pp
- Manappuram Finance −1.1 pp
| Quarter | Capri Global Capital | IIFL Finance | Manappuram Finance |
|---|---|---|---|
| Dec 2021 | — | — | — |
| Mar 2022 | — | — | — |
| Jun 2022 | — | — | — |
| Sep 2022 | — | — | — |
| Dec 2022 | — | — | — |
| Mar 2023 | −1.2 pp | +0.6 pp | −0.1 pp |
| Jun 2023 | — | — | — |
| Sep 2023 | −0.7 pp | +0.6 pp | +0.9 pp |
| Dec 2023 | — | — | — |
| Mar 2024 | +0.1 pp | +0.1 pp | +0.9 pp |
| Jun 2024 | — | — | — |
| Sep 2024 | +0.1 pp | −0.3 pp | +0.1 pp |
| Dec 2024 | — | — | — |
| Mar 2025 | +0.5 pp | −2.5 pp | −2.3 pp |
| Jun 2025 | — | — | — |
| Sep 2025 | +1.0 pp | −1.7 pp | −3.5 pp |
| Dec 2025 | — | — | — |
| Mar 2026 | +0.6 pp | +1.4 pp | −1.1 pp |
| Jun 2026 | — | — | — |
| Sep 2026 | +0.4 pp | +1.3 pp | — |
6 of 6 companies report ROA, 4 of 6 ROA change.
Withheld from this chart: Muthoot Finance Ltd (MUTHOOTFIN): its two data sources disagree by up to 5.6% on reported income across 17 comparable periods, so its derived ratios are withheld; Fedbank Financial Services Ltd (FEDFINA): its two data sources disagree by up to 4.7% on reported income across 16 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.
ROA · highest
- 1Muthoot Finance LtdMUTHOOTFIN6.3%
- 2Capri Global Capital LtdCGCL3.3%
- 3IIFL Finance LtdIIFL2.9%
- 4Fedbank Financial Services LtdFEDFINA2.7%
- 5Manappuram Finance LtdMANAPPURAM1.3%
ROA change · fastest improvers
- 1IIFL Finance LtdIIFL+1.3 pp
- 2Capri Global Capital LtdCGCL+0.4 pp
- 3CSB Bank LtdCSBBANK−0.2 pp
- 4Manappuram Finance LtdMANAPPURAM−1.1 pp
All-company data · latest reported quarter
| Company | ROA | ROA change | Reported |
|---|---|---|---|
| Capri Global Capital Ltd CGCL | 3.3% | +0.4 pp | Sep 2026 |
| IIFL Finance Ltd IIFL | 2.9% | +1.3 pp | Sep 2026 |
| Manappuram Finance Ltd MANAPPURAM | 1.3% | −1.1 pp | Jun 2026 |
| CSB Bank Ltd CSBBANK | 1.2% | −0.2 pp | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current roa change rather than reversing it.
Which Gold Loan companies earn the most on shareholders' money?
Muthoot Finance Ltd has the highest ROE among the 6 Finance & Investments - Gold Loan companies compared here, at 30.9%. Capri Global Capital Ltd is next at 16.5%. The same company also has the highest ROE change, at +11 percentage points. 6 of 6 companies report a comparable reading, the latest through Sep 2026.
Show the table and chart
What the numbers say: Muthoot Finance Ltd leads both roe at 30.9% and roe change at +11 percentage points.
What this means: Muthoot Finance Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.
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.
Return on equity · company comparison
ROE, by reported quarter
- Capri Global Capital 18%
- CSB Bank 14%
- IIFL Finance 17%
| Quarter | Capri Global Capital | CSB Bank | IIFL Finance |
|---|---|---|---|
| Dec 2021 | 11% | 17% | — |
| Mar 2022 | 11% | 19% | 20% |
| Jun 2022 | 11% | 21% | 21% |
| Sep 2022 | 11% | 20% | 18% |
| Dec 2022 | 9.4% | 20% | 19% |
| Mar 2023 | 7.5% | 19% | 19% |
| Jun 2023 | 8.1% | 19% | 21% |
| Sep 2023 | 8.1% | 18% | 18% |
| Dec 2023 | 9.1% | 18% | 12% |
| Mar 2024 | 7.5% | 16% | 18% |
| Jun 2024 | 7.9% | 16% | 17% |
| Sep 2024 | 8.4% | 15% | 15% |
| Dec 2024 | 10% | 15% | 4.1% |
| Mar 2025 | 12% | 14% | 4.4% |
| Jun 2025 | 14% | 14% | 4.0% |
| Sep 2025 | 13% | 14% | 7.3% |
| Dec 2025 | 16% | 14% | 10% |
| Mar 2026 | 17% | 14% | 12% |
| Jun 2026 | 20% | 14% | 15% |
| Sep 2026 | 18% | 14% | 17% |
ROE change, by reported quarter
- Capri Global Capital +4.5 pp
- CSB Bank −0.1 pp
- IIFL Finance +9.3 pp
| Quarter | Capri Global Capital | CSB Bank | IIFL Finance |
|---|---|---|---|
| Dec 2021 | — | — | — |
| Mar 2022 | — | — | — |
| Jun 2022 | — | — | — |
| Sep 2022 | — | — | — |
| Dec 2022 | −1.6 pp | +3.2 pp | — |
| Mar 2023 | −3.8 pp | −0.3 pp | −0.7 pp |
| Jun 2023 | −3.2 pp | −1.9 pp | −0.1 pp |
| Sep 2023 | −2.8 pp | −1.4 pp | +0.6 pp |
| Dec 2023 | −0.3 pp | −1.9 pp | −7.0 pp |
| Mar 2024 | 0.0 pp | −2.5 pp | −1.6 pp |
| Jun 2024 | −0.2 pp | −3.7 pp | −4.5 pp |
| Sep 2024 | +0.3 pp | −3.7 pp | −3.7 pp |
| Dec 2024 | +0.9 pp | −3.4 pp | −8.0 pp |
| Mar 2025 | +4.3 pp | −1.9 pp | −13.3 pp |
| Jun 2025 | +6.3 pp | −1.2 pp | −12.5 pp |
| Sep 2025 | +5.0 pp | −0.5 pp | −7.2 pp |
| Dec 2025 | +5.8 pp | −0.5 pp | +6.1 pp |
| Mar 2026 | +4.7 pp | −0.8 pp | +7.9 pp |
| Jun 2026 | +5.4 pp | −0.2 pp | +11.3 pp |
| Sep 2026 | +4.5 pp | −0.1 pp | +9.3 pp |
6 of 6 companies report ROE, 6 of 6 ROE change.
Withheld from this chart: Muthoot Finance Ltd (MUTHOOTFIN): its two data sources disagree by up to 5.6% on reported income across 17 comparable periods, so its derived ratios are withheld; Fedbank Financial Services Ltd (FEDFINA): its two data sources disagree by up to 4.7% on reported income across 16 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.
ROE · highest
- 1Muthoot Finance LtdMUTHOOTFIN31%
- 2Capri Global Capital LtdCGCL17%
- 3CSB Bank LtdCSBBANK14%
- 4Fedbank Financial Services LtdFEDFINA13%
- 5IIFL Finance LtdIIFL13%
ROE change · fastest improvers
- 1Muthoot Finance LtdMUTHOOTFIN+11.0 pp
- 2IIFL Finance LtdIIFL+9.3 pp
- 3Capri Global Capital LtdCGCL+4.5 pp
- 4Fedbank Financial Services LtdFEDFINA+4.0 pp
- 5Manappuram Finance LtdMANAPPURAM+2.5 pp
All-company data · latest reported quarter
| Company | ROE | ROE change | Reported |
|---|---|---|---|
| Capri Global Capital Ltd CGCL | 18% | +4.5 pp | Sep 2026 |
| IIFL Finance Ltd IIFL | 17% | +9.3 pp | Sep 2026 |
| CSB Bank Ltd CSBBANK | 14% | −0.1 pp | Sep 2026 |
| Manappuram Finance Ltd MANAPPURAM | 9.0% | +2.5 pp | Jun 2026 |
What to watch
Watch whether the next two comparable periods confirm the current roe change rather than reversing it.
Which Gold Loan companies have the fewest bad loans?
CSB Bank Ltd has the lowest Gross NPA among the 6 Finance & Investments - Gold Loan companies compared here, at 1.6%. Fedbank Financial Services Ltd is next at 1.8%. Muthoot Finance Ltd has the lowest GNPA change at −2 percentage points, so level and change sit with different companies.
Show the table and chart
What the numbers say: CSB Bank Ltd leads gross npa at 1.6%; Muthoot Finance Ltd leads gnpa change at −2 percentage points.
What this means: CSB Bank Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.
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.
Asset quality · company comparison
Gross NPA, by reported quarter
- CSB Bank 1.6%
- Fedbank Financial Services 1.8%
| Quarter | CSB Bank | Fedbank Financial Services |
|---|---|---|
| Dec 2021 | — | — |
| Mar 2022 | — | — |
| Jun 2022 | — | — |
| Sep 2022 | — | — |
| Dec 2022 | 1.5% | 2.4% |
| Mar 2023 | 1.3% | 2.0% |
| Jun 2023 | 1.3% | 2.3% |
| Sep 2023 | 1.3% | 2.3% |
| Dec 2023 | 1.2% | 2.2% |
| Mar 2024 | 1.5% | 1.7% |
| Jun 2024 | 1.7% | 2.0% |
| Sep 2024 | 1.7% | 1.9% |
| Dec 2024 | 1.6% | 1.8% |
| Mar 2025 | 1.6% | 2.0% |
| Jun 2025 | 1.8% | 2.0% |
| Sep 2025 | 1.8% | 1.9% |
| Dec 2025 | 2.0% | 2.1% |
| Mar 2026 | 1.7% | 1.9% |
| Jun 2026 | 1.8% | 1.6% |
| Sep 2026 | 1.6% | 1.8% |
GNPA change, by reported quarter
- CSB Bank −0.2 pp
- Fedbank Financial Services −0.1 pp
| Quarter | CSB Bank | Fedbank Financial Services |
|---|---|---|
| Dec 2021 | — | — |
| Mar 2022 | — | — |
| Jun 2022 | — | — |
| Sep 2022 | — | — |
| Dec 2022 | — | — |
| Mar 2023 | — | — |
| Jun 2023 | — | — |
| Sep 2023 | — | — |
| Dec 2023 | −0.2 pp | −0.2 pp |
| Mar 2024 | +0.2 pp | −0.3 pp |
| Jun 2024 | +0.4 pp | −0.3 pp |
| Sep 2024 | +0.4 pp | −0.5 pp |
| Dec 2024 | +0.4 pp | −0.4 pp |
| Mar 2025 | +0.1 pp | +0.3 pp |
| Jun 2025 | +0.2 pp | +0.0 pp |
| Sep 2025 | +0.1 pp | +0.0 pp |
| Dec 2025 | +0.4 pp | +0.3 pp |
| Mar 2026 | +0.1 pp | −0.2 pp |
| Jun 2026 | −0.1 pp | −0.4 pp |
| Sep 2026 | −0.2 pp | −0.1 pp |
2 of 6 companies report Gross NPA, 6 of 6 GNPA change.
Gross NPA · lowest
- 1CSB Bank LtdCSBBANK1.6%
- 2Fedbank Financial Services LtdFEDFINA1.8%
GNPA change · fastest improvers
- 1Muthoot Finance LtdMUTHOOTFIN−2.1 pp
- 2IIFL Finance LtdIIFL−0.8 pp
- 3Capri Global Capital LtdCGCL−0.6 pp
- 4CSB Bank LtdCSBBANK−0.2 pp
- 5Fedbank Financial Services LtdFEDFINA−0.1 pp
All-company data · latest reported quarter
| Company | Gross NPA | GNPA change | Reported |
|---|---|---|---|
| Manappuram Finance Ltd MANAPPURAM | 2.6% | +0.2 pp | Jun 2026 |
| Muthoot Finance Ltd MUTHOOTFIN | 2.3% | −2.1 pp | Sep 2026 |
| Fedbank Financial Services Ltd FEDFINA | 1.8% | −0.1 pp | Sep 2026 |
| CSB Bank Ltd CSBBANK | 1.6% | −0.2 pp | Sep 2026 |
| IIFL Finance Ltd IIFL | 1.6% | −0.8 pp | Sep 2026 |
| Capri Global Capital Ltd CGCL | 1.1% | −0.6 pp | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current gnpa change rather than reversing it.
How are Gold Loan stocks valued against growth and quality?
CSB Bank Ltd has the lowest P/BV ÷ ROE among the 6 Finance & Investments - Gold Loan companies compared here, at 0.07×. The same company also has the lowest P/BV, at 0.99×. 6 of 6 companies report a comparable reading, the latest through Sep 2026. Its P/BV ÷ ROE series carries 20 reported observations across the 20-quarter window.
Show the table and chart
What the numbers say: CSB Bank Ltd has the lowest comparable P/BV ÷ ROE at 0.07×, 0% below Muthoot Finance Ltd. That would need today's multiple, the company's own history and steady growth to agree.
What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.
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. A lower figure is better only if loan quality and returns stay strong; a low price against book value while bad loans are rising is not a good sign by itself.
Valuation · company comparison
P/BV ÷ ROE, by reported quarter
- CSB Bank 0.1
- IIFL Finance 0.1
- Capri Global Capital 0.2
| Quarter | CSB Bank | IIFL Finance | Capri Global Capital |
|---|---|---|---|
| Dec 2021 | 0.1 | — | 0.5 |
| Mar 2022 | 0.1 | 0.1 | 0.6 |
| Jun 2022 | 0.1 | 0.1 | 0.7 |
| Sep 2022 | 0.1 | 0.1 | 0.6 |
| Dec 2022 | 0.1 | 0.1 | 0.8 |
| Mar 2023 | 0.1 | 0.2 | 0.9 |
| Jun 2023 | 0.1 | 0.2 | 1.0 |
| Sep 2023 | 0.1 | 0.2 | 0.6 |
| Dec 2023 | 0.1 | 0.2 | 0.5 |
| Mar 2024 | 0.1 | 0.1 | 0.6 |
| Jun 2024 | 0.1 | 0.1 | 0.6 |
| Sep 2024 | 0.1 | 0.1 | 0.5 |
| Dec 2024 | 0.1 | 0.3 | 0.4 |
| Mar 2025 | 0.1 | 0.3 | 0.3 |
| Jun 2025 | 0.1 | 0.4 | 0.3 |
| Sep 2025 | 0.1 | 0.2 | 0.3 |
| Dec 2025 | 0.1 | 0.2 | 0.2 |
| Mar 2026 | 0.1 | 0.1 | 0.1 |
| Jun 2026 | 0.1 | 0.1 | 0.2 |
| Sep 2026 | 0.1 | 0.1 | 0.2 |
P/BV, by reported quarter
- CSB Bank 1.2×
- Muthoot Finance 2.8×
- IIFL Finance 1.8×
- Fedbank Financial Services 1.9×
- Capri Global Capital 3.3×
| Quarter | CSB Bank | Muthoot Finance | IIFL Finance | Fedbank Financial Services | Capri Global Capital |
|---|---|---|---|---|---|
| Dec 2021 | 1.7× | — | 1.9× | — | 5.9× |
| Mar 2022 | 1.6× | 3.0× | 1.9× | — | 7.0× |
| Jun 2022 | 1.5× | — | 2.1× | — | 7.9× |
| Sep 2022 | 1.3× | 2.1× | 1.7× | — | 7.0× |
| Dec 2022 | 1.4× | 2.2× | 2.4× | — | 7.2× |
| Mar 2023 | 1.6× | 2.1× | 3.1× | — | 7.0× |
| Jun 2023 | 1.9× | 2.3× | 3.2× | — | 8.2× |
| Sep 2023 | 1.8× | 2.3× | 2.7× | — | 4.6× |
| Dec 2023 | 2.1× | 2.6× | 2.5× | — | 4.3× |
| Mar 2024 | 1.8× | 2.5× | 1.4× | 2.8× | 4.6× |
| Jun 2024 | 2.0× | 3.3× | 2.4× | 2.0× | 4.9× |
| Sep 2024 | 1.4× | 3.3× | 1.9× | 1.9× | 4.4× |
| Dec 2024 | 1.4× | 3.1× | 1.4× | 1.6× | 3.9× |
| Mar 2025 | 1.3× | 3.4× | 1.1× | 1.3× | 3.5× |
| Jun 2025 | 1.8× | 4.1× | 1.6× | 1.9× | 3.7× |
| Sep 2025 | 1.4× | 4.1× | 1.4× | 2.4× | 3.5× |
| Dec 2025 | 1.6× | 4.6× | 2.0× | 2.0× | 2.6× |
| Mar 2026 | 1.3× | 3.7× | 1.5× | 1.8× | 2.4× |
| Jun 2026 | 1.2× | 4.1× | 1.7× | 2.2× | 4.2× |
| Sep 2026 | 1.2× | 2.8× | 1.8× | 1.9× | 3.3× |
6 of 6 companies report P/BV ÷ ROE, 6 of 6 P/BV.
P/BV ÷ ROE · lowest return-adjusted price
- 1CSB Bank LtdCSBBANK0.1
- 2Muthoot Finance LtdMUTHOOTFIN0.1
- 3IIFL Finance LtdIIFL0.1
- 4Fedbank Financial Services LtdFEDFINA0.2
- 5Capri Global Capital LtdCGCL0.2
P/BV · lowest P/BV
- 1CSB Bank LtdCSBBANK1.0×
- 2IIFL Finance LtdIIFL1.5×
- 3Manappuram Finance LtdMANAPPURAM1.7×
- 4Fedbank Financial Services LtdFEDFINA1.9×
- 5Muthoot Finance LtdMUTHOOTFIN2.2×
All-company data · latest reported quarter
| Company | P/BV ÷ ROE | P/BV | Reported |
|---|---|---|---|
| Manappuram Finance Ltd MANAPPURAM | 0.2 | 2.2× | Jun 2026 |
| Capri Global Capital Ltd CGCL | 0.2 | 3.3× | Sep 2026 |
| IIFL Finance Ltd IIFL | 0.1 | 1.8× | Sep 2026 |
| CSB Bank Ltd CSBBANK | 0.1 | 1.2× | Sep 2026 |
| Muthoot Finance Ltd MUTHOOTFIN | — | 2.8× | Sep 2026 |
| Fedbank Financial Services Ltd FEDFINA | — | 1.9× | Sep 2026 |
What to watch
Watch whether the next two comparable periods confirm the current p/bv rather than reversing it.
Which stock lists do Gold Loan companies appear on?
Finance & Investments - Gold Loan companies show up on 7 of our India lists. The most are on the gold & silver stocks list (6 companies).
Show the list
What can make this comparison misleading?
This Finance & Investments - Gold Loan comparison names 7 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 2 have second-source figures left out because the two sources disagree. 2 of the 7 ranked sections have fewer than three usable current readings.
Keep these limits visible
- A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
- A high ROE can come from heavy borrowing. It is best read beside ROA and loan quality.
- The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
- 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.
- 2 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
- Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.
How was this comparison built?
This comparison is built from the reported filings of 6 Finance & Investments - Gold Loan companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.
Show the details
2 of 6 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Muthoot Finance Ltd (MUTHOOTFIN): its two data sources disagree by up to 5.6% on reported income across 17 comparable periods, so its derived ratios are withheld; Fedbank Financial Services Ltd (FEDFINA): its two data sources disagree by up to 4.7% on reported income across 16 comparable periods, so its derived ratios are withheld.
How a second data feed is admitted, and what happens when it disagrees
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 are simply used. 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.
What else do people ask about Gold Loan stocks?
These 26 answers restate the Finance & Investments - Gold Loan comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.
Is the Gold Loan sector outperforming NIFTY 500?
Finance & Investments - Gold Loan has done better than the NIFTY 500 by 3.5% over 52 weeks, but is 5% behind over the last 13 weeks.
1 of 6 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 4 of the 4 with a long enough price history are ahead of the industry itself.
Which Gold Loan company is largest by income?
Muthoot Finance Ltd leads with income of ₹36,147 crore, based on 6 of 6 comparable companies through Sep 2026.
Which Gold Loan company is growing fastest?
Capri Global Capital Ltd has the fastest current income growth at 52.9%, across 6 of 6 comparable companies.
Which Gold Loan company has the strongest 4-Factor Sector Score?
Capri Global Capital Ltd ranks first at 74.6 out of 100, with 93% of the evidence available. The score ranks published data; it is not a recommendation.
Which Gold Loan company has the largest deposit base?
CSB Bank Ltd has the largest reported deposit base at ₹46,889 crore. For a bank, borrowing is how it funds its loans, not a sign of risky debt.
Which Gold Loan company has the lowest comparable P/BV-to-ROE?
CSB Bank Ltd has the lowest comparable P/BV ÷ ROE at 0.07, among 6 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Gold Loan comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four parts add up 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 old evidence moves only that part toward the middle.
Is there a Nifty Gold Loan index?
NSE runs Nifty indices for several broad sectors, such as Nifty Bank, Nifty IT and Nifty Pharma, but not for every smaller group on this site.
Whether or not an official Nifty index covers Finance & Investments - Gold Loan, this page builds its own equal-weight basket of 6 listed Finance & Investments - Gold Loan companies: one company, one vote, whatever its size, so no single large company dominates. Figures are as of Sep 2026.
Which are the best Gold Loan stocks in India?
Ranked by this page's four-factor score, Capri Global Capital Ltd comes first among 6 listed Finance & Investments - Gold Loan companies, followed by IIFL Finance Ltd. That is a ranking of published data (earnings, quality, valuation and share-price behaviour as of Sep 2026), not a recommendation.
How many Gold Loan stocks are listed in India?
This comparison covers 6 listed Finance & Investments - Gold Loan 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 Sep 2026.
Which Gold Loan company is the biggest?
Muthoot Finance Ltd is the largest, with income of ₹36,147 crore over the last 12 months, ahead of IIFL Finance Ltd at ₹15,284 crore. That covers 6 of 6 companies with comparable reporting through Sep 2026.
Which Gold Loan company makes the most profit?
Muthoot Finance Ltd earns the most, at ₹12,323 crore of net profit over the last 12 months, from 6 of 6 comparable companies.
IIFL Finance Ltd has the fastest profit growth at the 100% cap of the scoring scale, though growth off a small or recovering profit base overstates how much has actually changed.
Which Gold Loan lender has the best asset quality?
CSB Bank Ltd reports the lowest gross NPA (bad loans) at 1.6%, where lower is better, across 2 of 6 lenders. The direction matters as well as the level: bad loans rising from a low base can matter more than a high figure that is falling.
Which Gold Loan company earns the highest return on capital?
Muthoot Finance Ltd leads on return on assets at 6.3%, across 6 of 6 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.
Which Gold Loan stock has the lowest price-to-book against its return on equity?
On price-to-book divided by return on equity (where a lower number means a lower price for what the company earns), CSB Bank Ltd has the lowest at 0.07×. All 6 companies qualify for the ratio comparison.
A low multiple is a reason to look closer at the business, not a conclusion on its own.
Which Gold Loan lender has the largest funding base?
CSB Bank Ltd has the largest reported deposit base at ₹46,889 crore. For lenders, deposits and borrowings are operating inputs rather than leverage, so they are read against asset quality and returns instead of as debt.
Is the Gold Loan sector beating the market?
Finance & Investments - Gold Loan has done better than the NIFTY 500 by 3.5% over the last 52 weeks, but is 5% behind over the last 13 weeks, measured on an equal-weight index of its current members.
Inside the sector, 1 of the 6 companies we track is beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Gold Loan stock has the strongest price momentum?
Capri Global Capital Ltd has the strongest relative strength against the NIFTY 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.
Which Gold Loan company has the highest 4-Factor score?
Capri Global Capital Ltd scores 74.6 out of 100, with 93% of the evidence available, from 29.8 points on growth and earnings, 18.7 on capital efficiency, 6.1 on valuation and 20 on relative strength.
It ranks published data only; management quality, upcoming events and risks are not part of the score.
How many Gold Loan companies does this comparison cover, and over what period?
This comparison covers 6 listed companies over up to 20 reported quarters of fundamentals, ending Sep 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 Gold Loan sector?
The 6 Finance & Investments - Gold Loan companies on this page carry ₹1,79,610 crore of combined market value. Muthoot Finance Ltd is the largest at ₹96,698 crore, about 54% of the sector's total on its own. Market value moves with price, so this reading is dated 30 October 2026.
What is the Gold Loan sector's P/B ratio?
The median price-to-book ratio across the 6 Finance & Investments - Gold Loan companies on this page is 1.9×, measured on the 6 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 30 October 2026.
How is the Gold Loan sector performing?
1 of the 6 Finance & Investments - Gold Loan companies we track is doing better than the NIFTY 500 on relative strength (how a share price has done against the index over recent months).
The sector itself is 3.5% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members.
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 figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.
Is this advice?
No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.
Top gold loan stocks in India (October 2026)
Ranked on October 2026 data, the 6 gold loan companies worth ₹2,000 crore or more come in this order: 1. Capri Global Capital, 2. IIFL Finance, 3. Muthoot Finance, 4. Fedbank Financial Services, 5. CSB Bank, 6. Manappuram Finance. Each gets a score out of 100 for growth, quality, valuation and price strength.
Show the list
- 1Capri Global Capital75scoreGrowth 85 · Quality 75 · Valuation 30 · Price strength 100 · vs October 2026 same
- 2IIFL Finance71scoreGrowth 89 · Quality 55 · Valuation 64 · Price strength 63 · vs October 2026 same
- 3Muthoot Finance69scoreGrowth 70 · Quality 83 · Valuation 84 · Price strength 38 · vs October 2026 same
- 4Fedbank Financial Services62scoreGrowth 52 · Quality 61 · Valuation 59 · Price strength 86 · vs October 2026 same
- 5CSB Bank52scoreGrowth 30 · Quality 57 · Valuation 95 · Price strength 41 · vs October 2026 same
- 6Manappuram Finance34scoreGrowth 38 · Quality 30 · Valuation 24 · Price strength 40 · vs October 2026 same
Why each one made the top 10
- Capri Global Capital: Score 75 of 100. Earnings per share up 71% in the last 12 months. 6.8 points ahead of the Nifty 500 over 3 months.
- IIFL Finance: Score 71 of 100. Earnings per share up 190% in the last 12 months. Next to check, from the October 2026 call: parent equity raise: disclose route, size and terms, and confirm whether the expected timing holds. Watch: Special income tax audit under Section 142(2A) remains unresolved, with management still refusing to quantify exposure against analyst estimates of 300-400 Cr.
- Muthoot Finance: Score 69 of 100. Earnings per share up 67% in the last 12 months. Watch: the share is 15.1 points behind the Nifty 500 over 3 months.
- Fedbank Financial Services: Score 62 of 100. Earnings per share up 76% in the last 12 months. 1.0 points ahead of the Nifty 500 over 3 months. Gold loan book ₹11,191 crore on the July 2026 call. Interest earned minus interest paid grew ₹215 crore as new branches lent more against gold. Watch: Loan growth is mostly the gold price, with tonnage up about 1%.
- CSB Bank: Score 52 of 100. Earnings per share up 11% in the last 12 months. Gold loan book ₹21,000 crore on the July 2026 call. Watch: the share is 2.7 points behind the Nifty 500 over 3 months.
- Manappuram Finance: Score 34 of 100. Earnings per share up 69% in the last 12 months. Gold loan book ₹57,006 crore on the August 2026 call. Watch: the share is 14.6 points behind the Nifty 500 over 3 months.
See the October 2026 top 10 · See the October 2026 top 10.
How this top 10 is ranked
Every gold loan company on this list worth ₹2,000 crore or more is ranked (6 of 6). When two scores tie, the one with more price strength ranks higher. Each gets a score out of 100. Growth in sales and profit counts 35%. Business quality counts 25%. Valuation against growth and against the company's own history counts 20%. Price strength counts 20%. Each part is scored against companies in the same industry. This ranks past data and is not a recommendation.
Ranked on October 2026 data, refreshed every month
Which gold loan stocks are beating the Nifty 500 now?
This page uses weekly closes, not live prices. In the week to 30 October, 2 of the 6 gold loan stocks with a clean price record closed higher and 4 closed lower. The biggest weekly gains were Muthoot Finance (+1.5%) and Manappuram Finance (+1.0%). Data as of 6 November 2026.
Show the table and chart
What changed this week (week to 30 October)
- Passing the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high): 1 at the 30 October scan, against 1 at the 23 October scan
- Biggest weekly falls: CSB Bank (-5.1%), Fedbank Financial Services (-4.0%) and Capri Global Capital (-2.2%)
- New price breakouts in the week to 30 October: none
- Price breakdowns in the same week: none
"Passes weekly test" below means a 3-month return at least 5 points above the Nifty 500, a market value of ₹500 crore or more and a price within 20% of the 52-week high, checked at each weekly scan.
| Company | Week | 3M vs Nifty 500 | Passes weekly test | Weeks ahead (of 26) |
|---|---|---|---|---|
| Muthoot Finance | +1.5% | −15.1 pts | No | 0 |
| Manappuram Finance | +1.0% | −14.6 pts | No | 23 |
| IIFL Finance | -0.7% | −5.6 pts | No | 21 |
| Capri Global Capital | -2.2% | +6.8 pts | Yes | 25 |
| Fedbank Financial Services | -4.0% | +1.0 pts | No | 19 |
| CSB Bank | -5.1% | −2.7 pts | No | 3 |
Gold loan stocks beating the Nifty 500, week by week
| Week | Beating the Nifty 500 |
|---|---|
| 4 Sep 2026 | 3 of 6 |
| 11 Sep 2026 | 3 of 6 |
| 18 Sep 2026 | 2 of 6 |
| 25 Sep 2026 | 3 of 6 |
| 1 Oct 2026 | 3 of 6 |
| 9 Oct 2026 | 1 of 6 |
| 16 Oct 2026 | 1 of 6 |
| 23 Oct 2026 | 1 of 6 |
| 30 Oct 2026 | 1 of 6 |
Weekly closes, week to 30 October 2026 against the week to 23 October 2026. Updated every weekend
P/E and P/B: one figure per company on this page, at the price shown (6 November 2026), from Screener. Each company's "usual" level is its own long-run median, from our weekly valuation record.
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