Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Finance & Investments - MSME Lending Stocks in India

Finance & Investments - MSME Lending: Five-Star Business Finance Ltd owns the largest revenue base; SG Finserve Ltd has the fastest current growth.

01 · the index people search for

Nifty Finance & Investments - MSME Lending Index — Constituents & Performance

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

02 · the sector itself · before any single company

How has Finance & Investments - MSME Lending 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 most recent two of them this sector is 7% behind NIFTY 500. Earnings across its companies grew 18% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 15 weeks running.

FADING · −2 in 4w✓Moving with the index2 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑15w · 3/5 >200d (+0) · 2/5 lead (−2) · EPS 3/4↑

200500100020262025202420232022 1383333 TRAILING 12-MONTH EPS · 100 AT THE START0100225Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingJun 2022 · trailing 12-month earnings per share at 106, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 113, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 119, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 128, against 100 at the start · up 27.8% on a year ago · 3 reportingJun 2023 · trailing 12-month earnings per share at 136, against 100 at the start · up 28.7% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 148, against 100 at the start · up 34.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 162, against 100 at the start · up 38.1% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 176, against 100 at the start · up 36.3% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 190, against 100 at the start · up 37.6% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 204, against 100 at the start · up 31.6% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 216, against 100 at the start · up 24.5% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 225, against 100 at the start · up 19.7% on a year ago · 3 reportingJun 2025 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingSep 2025 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingDec 2025 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingMar 2026 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingJun 2026 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or twoNOT REPORTED YET225 · Mar 25No earnings on file this far back — the price series reaches further than the filings do
200500100020262025202420232022 1383333 TRAILING 12-MONTH EPS · 100 AT THE START0100225Mar 22Mar 23Mar 24Mar 25Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingJun 2022 · trailing 12-month earnings per share at 106, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 113, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 119, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 128, against 100 at the start · up 27.8% on a year ago · 3 reportingJun 2023 · trailing 12-month earnings per share at 136, against 100 at the start · up 28.7% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 148, against 100 at the start · up 34.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 162, against 100 at the start · up 38.1% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 176, against 100 at the start · up 36.3% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 190, against 100 at the start · up 37.6% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 204, against 100 at the start · up 31.6% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 216, against 100 at the start · up 24.5% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 225, against 100 at the start · up 19.7% on a year ago · 3 reportingJun 2025 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingSep 2025 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingDec 2025 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingMar 2026 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingJun 2026 · too few reporting — 2 of the Finance & Investments - MSME Lending filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two225 · Mar 25No earnings on file this far back — the price series reaches further than the filings do
Finance & Investments - MSME Lending, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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

03 · sector relative strength, before individual stocks

Is Finance & Investments - MSME Lending outperforming NIFTY 500?

Finance & Investments - MSME Lending has underperformed NIFTY 500 by 8.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 2.4%. 3 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. SG Finserve Ltd is the strongest against the sector itself at +48.6%.

-2.4%Sector vs NIFTY 500 · 13 weeks
-8.4%Sector vs NIFTY 500 · 52 weeks
3/6Stocks leading NIFTY 500
2/6Stocks leading sector

Sector metric: 20.5 as of 2026-07-19 · CONSOLIDATION · falling.

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

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

Bottom line

Finance & Investments - MSME Lending has underperformed NIFTY 500 by 8.4% over 52 weeks and 2.4% over 13 weeks. 3 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 6 beat the sector itself. Five-Star Business Finance Ltd leads with income of ₹3,260 crore, based on 5 of 6 comparable companies through Jun 2026.

Companies
6
complete canonical membership
Combined market value
₹38.4K Cr
Five-Star Business Finance Ltd
Revenue growing
5/5
positive TTM year-on-year growth
Beating NIFTY 500
3/6
positive Mansfield relative strength
Comparing 5 of 6
04 · research priority, made explicit

4-Factor Sector Score

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

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
MAS Financial Services Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 88% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1MAS Financial Services LtdMASFIN 65.2/100Favorable setup88% evidence ASLEEP 24.8/35 Income 23.1% · PAT 21.3% 86% evidence 15.8/25 ROA 2.7% · ROE 13.4% · GNPA — 72% evidence 14.9/20 P/BV 1.95× · P/BV÷ROE 0.15 100% evidence 9.7/20 RS sector 1.7% · RS bench 0.5% · 1Y -0.3%0 of 12 weeks ahead 100% evidence
Exact sum: 24.8 + 15.8 + 14.9 + 9.7 = 65.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2SG Finserve LtdSGFIN 65.0/100Favorable setup82% evidence LEADER 26.5/35 Income 100% · PAT 79.3% 86% evidence 13.3/25 ROA 3% · ROE 10.3% · GNPA — 72% evidence 5.2/20 P/BV 3.04× · P/BV÷ROE 0.29 70% evidence 20.0/20 RS sector 48.6% · RS bench 46.9% · 1Y 69%12 of 12 weeks ahead 100% evidence
Exact sum: 26.5 + 13.3 + 5.2 + 20 = 65 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3SBFC Finance LtdSBFC 60.5/100Mixed-positive evidence84% evidence ASLEEP 27.2/35 Income 28.3% · PAT 45% 75% evidence 16.8/25 ROA 4.1% · ROE 11.6% · GNPA — 72% evidence 9.1/20 P/BV 3.07× · P/BV÷ROE 0.27 100% evidence 7.4/20 RS sector -9% · RS bench -10.4% · 1Y -17.4%1 of 12 weeks ahead 100% evidence
Exact sum: 27.2 + 16.8 + 9.1 + 7.4 = 60.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Five-Star Business Finance LtdFIVESTAR 44.3/100Mixed-negative evidence94% evidence TURNING 3.4/35 Income 9.8% · PAT 1.5% 100% evidence 20.8/25 ROA 7% · ROE 16.1% · GNPA 3.5% 100% evidence 11.6/20 P/BV 2.19× · P/BV÷ROE 0.14 100% evidence 8.5/20 RS sector -21.2% · RS bench 6.5% · 1Y -20.6%8 of 10 weeks ahead 70% evidence
Exact sum: 3.4 + 20.8 + 11.6 + 8.5 = 44.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Moneyboxx Finance LtdMONEYBOXX 27.3/100Adverse evidence67% evidence 16.5/35 Income 16.5% · PAT 8.1% 29% evidence 4.6/25 ROA 0.1% · ROE 0.5% · GNPA — 68% evidence 3.2/20 P/BV 1.43× · P/BV÷ROE 2.98 100% evidence 3.0/20 RS sector -12.1% · RS bench -14% · 1Y -26.9%3 of 10 weeks ahead 100% evidence
Exact sum: 16.5 + 4.6 + 3.2 + 3 = 27.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Ugro Capital LtdUGROCAP 38.2/100Thin evidence · provisional48% evidence ASLEEP 16.8/35 Income — · PAT — 8% evidence 9.8/25 ROA 1.5% · ROE 6% · GNPA — 68% evidence 8.6/20 P/BV 0.51× · P/BV÷ROE 0.09 70% evidence 3.0/20 RS sector -32.3% · RS bench -31.3% · 1Y -43%0 of 10 weeks ahead 70% evidence
Exact sum: 16.8 + 9.8 + 8.6 + 3 = 38.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

SG Finserve Ltd has the strongest one-year price move in Finance & Investments - MSME Lending at +69%. It also leads on Mansfield relative strength against NIFTY at +46.9%. 3 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

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.

06 · compare level, then change

Income Scale & Growth Durability

Five-Star Business Finance Ltd has the highest Income among the 6 Finance & Investments - MSME Lending companies compared here, at ₹3,260 crore. MAS Financial Services Ltd is next at ₹2,091 crore. SG Finserve Ltd has the highest Income growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Five-Star Business Finance Ltd is the scale leader at ₹3,260 crore, 55.9% ahead of MAS Financial Services Ltd. SG Finserve Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 106.2% from a ₹402 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderFive-Star Business Finance Ltd · ₹3,260 crore
Gap55.9% versus #2 · MAS Financial Services Ltd
Persistence8/8 recent comparable periods
Coverage5/6 companies · 95 observations

Investor read: Five-Star Business Finance Ltd is the scale benchmark; SG Finserve Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Five-Star Business Finance Ltd's growth falls below SG Finserve Ltd's for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
1Five-Star Business Finance Ltd FIVESTAR₹3.3K Cr
2MAS Financial Services Ltd MASFIN₹2.1K Cr
3SBFC Finance Ltd SBFC₹1.3K Cr
4SG Finserve Ltd SGFIN₹402 Cr
5Moneyboxx Finance Ltd MONEYBOXX₹232 Cr
Income growthfastest growers
1SG Finserve Ltd SGFIN100%
2SBFC Finance Ltd SBFC28%
3MAS Financial Services Ltd MASFIN23%
4Moneyboxx Finance Ltd MONEYBOXX17%
5Five-Star Business Finance Ltd FIVESTAR9.8%
Income · company comparison
5/6 level · 5/6 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

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.

CompanyIncomeIncome growthReported
Five-Star Business Finance Ltd FIVESTAR₹829 Cr5.3%Jun 2026
Ugro Capital Ltd UGROCAP⚠ unverified₹607 Cr—Mar 2026
MAS Financial Services Ltd MASFIN₹562 Cr21%Jun 2026
SBFC Finance Ltd SBFC₹454 Cr26%Mar 2026
SG Finserve Ltd SGFIN₹136 Cr100%Jun 2026
Moneyboxx Finance Ltd MONEYBOXX₹63 Cr21%Mar 2026
Full 20-quarter history · every available company

Income · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

₹308 Cr
₹318 Cr
₹327 Cr
₹339 Cr
₹362 Cr
₹387 Cr
₹436 Cr
₹480 Cr
₹519 Cr
₹567 Cr
₹616 Cr
₹666 Cr
₹702 Cr
₹727 Cr
₹752 Cr
₹787 Cr
₹799 Cr
₹815 Cr
₹817 Cr
₹829 Cr

MAS Financial Services Ltd · MASFIN

₹166 Cr
₹180 Cr
₹189 Cr
₹206 Cr
₹240 Cr
₹261 Cr
₹278 Cr
₹293 Cr
₹310 Cr
₹335 Cr
₹347 Cr
₹364 Cr
₹384 Cr
₹410 Cr
₹439 Cr
₹466 Cr
₹480 Cr
₹507 Cr
₹542 Cr
₹562 Cr

Moneyboxx Finance Ltd · MONEYBOXX

—
—
—
—
—
₹13 Cr
₹19 Cr
₹23 Cr
₹28 Cr
₹33 Cr
₹42 Cr
₹46 Cr
₹49 Cr
₹52 Cr
₹52 Cr
₹59 Cr
₹55 Cr
₹55 Cr
₹63 Cr
—

SBFC Finance Ltd · SBFC

₹125 Cr
₹139 Cr
₹139 Cr
₹160 Cr
₹177 Cr
₹202 Cr
₹202 Cr
₹230 Cr
₹246 Cr
₹264 Cr
₹279 Cr
₹298 Cr
₹314 Cr
₹334 Cr
₹361 Cr
₹389 Cr
₹411 Cr
₹426 Cr
₹454 Cr
—

SG Finserve Ltd · SGFIN

₹1 Cr
₹1 Cr
₹-1 Cr
₹0 Cr
₹2 Cr
₹12 Cr
₹28 Cr
₹35 Cr
₹44 Cr
₹52 Cr
₹59 Cr
₹44 Cr
₹31 Cr
₹42 Cr
₹54 Cr
₹68 Cr
₹75 Cr
₹86 Cr
₹105 Cr
₹136 Cr

Ugro Capital Ltd · UGROCAP⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹461 Cr
₹607 Cr
—

Income growth · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
13%
18%
22%
33%
42%
43%
47%
41%
39%
35%
28%
22%
18%
14%
12%
8.6%
5.3%

MAS Financial Services Ltd · MASFIN

—
—
—
31%
45%
45%
47%
42%
29%
28%
25%
24%
24%
22%
27%
28%
25%
24%
23%
21%

Moneyboxx Finance Ltd · MONEYBOXX

—
—
—
—
—
—
—
—
—
154%
127%
94%
74%
55%
23%
29%
11%
5.6%
21%
—

SBFC Finance Ltd · SBFC

—
—
—
27%
42%
45%
45%
44%
39%
31%
38%
30%
28%
27%
29%
31%
31%
28%
26%
—

SG Finserve Ltd · SGFIN

—
—
—
—
100%
1,100%
—
—
2,100%
333%
111%
26%
-30%
-19%
-8.5%
55%
142%
105%
94%
100%
07 · compare level, then change

Profit Scale & Acceleration

Five-Star Business Finance Ltd has the highest Net profit among the 6 Finance & Investments - MSME Lending companies compared here, at ₹1,103 crore. MAS Financial Services Ltd is next at ₹398 crore. SG Finserve Ltd has the highest Profit growth at 79.3%, so level and change sit with different companies.

What the numbers say: Five-Star Business Finance Ltd leads with ₹1,103 crore of TTM profit, 177.1% above MAS Financial Services Ltd. SG Finserve Ltd shows 79.3% growth from a ₹156 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderFive-Star Business Finance Ltd · ₹1,103 crore
Gap177.1% versus #2 · MAS Financial Services Ltd
Persistence7/8 recent comparable periods
Coverage5/6 companies · 95 observations

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

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

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
1Five-Star Business Finance Ltd FIVESTAR₹1.1K Cr
2MAS Financial Services Ltd MASFIN₹398 Cr
3SBFC Finance Ltd SBFC₹345 Cr
4SG Finserve Ltd SGFIN₹156 Cr
5Moneyboxx Finance Ltd MONEYBOXX₹1 Cr
Profit growthfastest growers
1SG Finserve Ltd SGFIN79%
2SBFC Finance Ltd SBFC45%
3MAS Financial Services Ltd MASFIN21%
4Five-Star Business Finance Ltd FIVESTAR1.5%
Net profit · company comparison
5/6 level · 4/6 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Five-Star Business Finance Ltd FIVESTAR₹271 Cr1.9%Jun 2026
SBFC Finance Ltd SBFC₹123 Cr31%Mar 2026
MAS Financial Services Ltd MASFIN₹110 Cr26%Jun 2026
SG Finserve Ltd SGFIN₹54 Cr116%Jun 2026
Ugro Capital Ltd UGROCAP⚠ unverified₹51 Cr—Mar 2026
Moneyboxx Finance Ltd MONEYBOXX₹0 Cr75%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

₹118 Cr
₹118 Cr
₹118 Cr
₹139 Cr
₹144 Cr
₹151 Cr
₹169 Cr
₹184 Cr
₹199 Cr
₹217 Cr
₹236 Cr
₹252 Cr
₹268 Cr
₹274 Cr
₹279 Cr
₹266 Cr
₹286 Cr
₹277 Cr
₹269 Cr
₹271 Cr

MAS Financial Services Ltd · MASFIN

₹39 Cr
₹41 Cr
₹43 Cr
₹46 Cr
₹50 Cr
₹52 Cr
₹57 Cr
₹58 Cr
₹62 Cr
₹64 Cr
₹70 Cr
₹73 Cr
₹78 Cr
₹80 Cr
₹83 Cr
₹87 Cr
₹91 Cr
₹93 Cr
₹104 Cr
₹110 Cr

Moneyboxx Finance Ltd · MONEYBOXX

—
—
—
—
—
₹-3 Cr
₹0 Cr
₹2 Cr
₹1 Cr
₹2 Cr
₹4 Cr
₹4 Cr
₹2 Cr
₹0 Cr
₹-5 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—

SBFC Finance Ltd · SBFC

₹16 Cr
₹13 Cr
₹13 Cr
₹32 Cr
₹36 Cr
₹41 Cr
₹41 Cr
₹47 Cr
₹53 Cr
₹64 Cr
₹74 Cr
₹79 Cr
₹84 Cr
₹88 Cr
₹94 Cr
₹101 Cr
₹109 Cr
₹118 Cr
₹123 Cr
—

SG Finserve Ltd · SGFIN

₹0 Cr
₹1 Cr
₹-1 Cr
₹-1 Cr
₹1 Cr
₹5 Cr
₹14 Cr
₹16 Cr
₹17 Cr
₹22 Cr
₹24 Cr
₹19 Cr
₹14 Cr
₹24 Cr
₹24 Cr
₹25 Cr
₹28 Cr
₹32 Cr
₹42 Cr
₹54 Cr

Ugro Capital Ltd · UGROCAP⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹46 Cr
₹51 Cr
—

Profit growth · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
36%
22%
28%
43%
32%
38%
44%
40%
37%
35%
26%
18%
5.6%
6.7%
1.1%
-3.6%
1.9%

MAS Financial Services Ltd · MASFIN

—
—
—
24%
28%
27%
33%
26%
24%
23%
23%
26%
26%
25%
19%
19%
17%
16%
25%
26%

Moneyboxx Finance Ltd · MONEYBOXX

—
—
—
—
—
—
—
—
—
—
881%
162%
48%
-90%
-228%
-94%
-86%
75%
—
—

SBFC Finance Ltd · SBFC

—
—
—
68%
125%
215%
215%
47%
47%
56%
80%
68%
58%
38%
27%
28%
30%
34%
31%
—

SG Finserve Ltd · SGFIN

—
—
—
—
—
400%
—
—
1,600%
340%
71%
19%
-18%
9.1%
0.0%
32%
100%
33%
75%
116%
08 · compare level, then change

Funding Base & Its Composition

No company in this Finance & Investments - MSME Lending comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Ugro Capital Ltd is highest at ₹10,782 crore, across 6 of 6 companies with a usable reading.

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

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/6 companies · 0 observations

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

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

For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
—Not enough comparable data—
Borrowingslargest borrowings
1Ugro Capital Ltd UGROCAP⚠ unverified₹10.8K Cr
2MAS Financial Services Ltd MASFIN₹10.3K Cr
3Five-Star Business Finance Ltd FIVESTAR₹8.2K Cr
4SBFC Finance Ltd SBFC₹7.3K Cr
5SG Finserve Ltd SGFIN₹2.7K Cr
Funding base · company comparison
0/6 level · 6/6 change
All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
Five-Star Business Finance Ltd FIVESTAR—₹8.2K CrJun 2026
SBFC Finance Ltd SBFC—₹7.3K CrMar 2026
MAS Financial Services Ltd MASFIN—₹10.3K CrJun 2026
SG Finserve Ltd SGFIN—₹2.7K CrJun 2026
Ugro Capital Ltd UGROCAP⚠ unverified—₹10.8K CrMar 2026
Moneyboxx Finance Ltd MONEYBOXX—₹675 CrMar 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

₹2.9K Cr
₹2.7K Cr
₹2.6K Cr
₹2.5K Cr
₹2.5K Cr
₹2.5K Cr
₹4.2K Cr
₹4.2K Cr
₹4.9K Cr
₹4.9K Cr
₹6.3K Cr
₹6.3K Cr
₹6.9K Cr
₹6.9K Cr
₹7.9K Cr
₹7.9K Cr
₹8.4K Cr
₹8.4K Cr
₹8.2K Cr
—

MAS Financial Services Ltd · MASFIN

₹4.0K Cr
₹4.0K Cr
₹4.4K Cr
₹4.4K Cr
₹5.7K Cr
₹5.7K Cr
₹6.1K Cr
₹6.1K Cr
₹7.0K Cr
₹7.0K Cr
₹7.4K Cr
₹7.4K Cr
₹8.2K Cr
₹8.2K Cr
₹9.2K Cr
₹9.2K Cr
₹9.9K Cr
₹9.9K Cr
₹10.3K Cr
—

Moneyboxx Finance Ltd · MONEYBOXX

—
—
₹99 Cr
—
—
—
₹241 Cr
—
—
—
₹452 Cr
—
—
—
₹652 Cr
—
₹639 Cr
—
₹675 Cr
—

SBFC Finance Ltd · SBFC

—
₹3.1K Cr
₹2.9K Cr
₹3.0K Cr
₹3.6K Cr
₹3.9K Cr
₹3.7K Cr
₹3.9K Cr
₹3.9K Cr
₹3.9K Cr
₹4.0K Cr
₹4.2K Cr
₹4.5K Cr
₹4.5K Cr
₹5.3K Cr
₹5.3K Cr
₹6.2K Cr
₹6.2K Cr
₹7.3K Cr
—

SG Finserve Ltd · SGFIN

₹0 Cr
₹0 Cr
₹0 Cr
—
₹100 Cr
₹100 Cr
₹493 Cr
₹493 Cr
₹1.0K Cr
₹1.0K Cr
₹957 Cr
₹957 Cr
—
—
₹1.4K Cr
₹1.3K Cr
₹1.8K Cr
₹1.9K Cr
₹2.7K Cr
₹2.7K Cr

Ugro Capital Ltd · UGROCAP⚠ unverified

₹1.2K Cr
—
₹1.8K Cr
₹1.8K Cr
₹2.7K Cr
—
₹3.2K Cr
₹3.2K Cr
₹3.8K Cr
—
₹4.7K Cr
₹4.7K Cr
₹5.3K Cr
₹5.3K Cr
₹7.0K Cr
₹7.0K Cr
₹8.2K Cr
₹8.2K Cr
₹10.8K Cr
—
09 · compare level, then change

Return On Assets

Five-Star Business Finance Ltd has the highest ROA among the 6 Finance & Investments - MSME Lending companies compared here, at 7%. SBFC Finance Ltd is next at 4.1%. MAS Financial Services Ltd has the highest ROA change at +0.1 percentage points, so level and change sit with different companies.

What the numbers say: Five-Star Business Finance Ltd leads roa at 7%; MAS Financial Services Ltd leads roa change at +0.1 percentage points.

LeaderFive-Star Business Finance Ltd · 7%
Gap70.7% versus #2 · SBFC Finance Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 42 observations

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

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

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
1Five-Star Business Finance Ltd FIVESTAR7.0%
2SBFC Finance Ltd SBFC4.1%
3SG Finserve Ltd SGFIN3.0%
4MAS Financial Services Ltd MASFIN2.7%
5Ugro Capital Ltd UGROCAP⚠ unverified1.5%
ROA changefastest improvers
1MAS Financial Services Ltd MASFIN+0.1 pp
2SBFC Finance Ltd SBFC+0.1 pp
3Five-Star Business Finance Ltd FIVESTAR−0.4 pp
4SG Finserve Ltd SGFIN−0.4 pp
5Ugro Capital Ltd UGROCAP⚠ unverified−0.4 pp
Return on assets · company comparison
6/6 level · 5/6 change
All-company data · latest reported quarter
CompanyROAROA changeReported
Five-Star Business Finance Ltd FIVESTAR7.0%−0.4 ppJun 2026
SBFC Finance Ltd SBFC4.1%+0.1 ppMar 2026
SG Finserve Ltd SGFIN3.0%−0.4 ppJun 2026
MAS Financial Services Ltd MASFIN2.7%+0.1 ppJun 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

6.8%
7.6%
7.4%
7.4%
8.7%
8.8%
6.9%
—
7.3%
—
7.2%
—
7.6%
—
7.4%
—
7.2%
—
7.0%
—

MAS Financial Services Ltd · MASFIN

—
—
2.5%
—
2.3%
—
2.6%
—
2.6%
—
2.7%
—
2.6%
—
2.6%
—
2.6%
—
2.7%
—

SBFC Finance Ltd · SBFC

—
—
1.4%
1.1%
2.8%
2.9%
3.0%
2.9%
2.8%
—
3.4%
—
4.0%
—
4.0%
—
4.0%
—
4.1%
—

SG Finserve Ltd · SGFIN

—
—
—
—
0.0%
—
1.8%
—
2.9%
—
4.4%
—
9.0%
—
3.4%
—
3.4%
—
3.0%
—

ROA change · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
—
+1.9 pp
+1.2 pp
−0.5 pp
—
−1.4 pp
—
+0.3 pp
—
+0.3 pp
—
+0.2 pp
—
−0.4 pp
—
−0.4 pp
—

MAS Financial Services Ltd · MASFIN

—
—
—
—
—
—
+0.1 pp
—
+0.3 pp
—
+0.1 pp
—
0.0 pp
—
−0.1 pp
—
0.0 pp
—
+0.1 pp
—

SBFC Finance Ltd · SBFC

—
—
—
—
—
—
+1.6 pp
+1.8 pp
0.0 pp
—
+0.4 pp
—
+1.2 pp
—
+0.6 pp
—
0.0 pp
—
+0.1 pp
—

SG Finserve Ltd · SGFIN

—
—
—
—
—
—
—
—
+2.9 pp
—
+2.6 pp
—
+6.1 pp
—
−1.0 pp
—
−5.6 pp
—
−0.4 pp
—
10 · compare level, then change

ROE — Leaders & Improvers

Five-Star Business Finance Ltd has the highest ROE among the 6 Finance & Investments - MSME Lending companies compared here, at 16.1%. MAS Financial Services Ltd is next at 13.4%. SG Finserve Ltd has the highest ROE change at +3.2 percentage points, so level and change sit with different companies.

What the numbers say: Five-Star Business Finance Ltd leads roe at 16.1%; SG Finserve Ltd leads roe change at +3.2 percentage points.

LeaderFive-Star Business Finance Ltd · 16.1%
Gap20.1% versus #2 · MAS Financial Services Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 88 observations

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

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

ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROEhighest
1Five-Star Business Finance Ltd FIVESTAR16%
2MAS Financial Services Ltd MASFIN13%
3SBFC Finance Ltd SBFC12%
4SG Finserve Ltd SGFIN10%
5Ugro Capital Ltd UGROCAP⚠ unverified6.0%
ROE changefastest improvers
1SG Finserve Ltd SGFIN+3.2 pp
2SBFC Finance Ltd SBFC+1.8 pp
3MAS Financial Services Ltd MASFIN0.0 pp
4Ugro Capital Ltd UGROCAP⚠ unverified−0.2 pp
5Moneyboxx Finance Ltd MONEYBOXX−1.0 pp
Return on equity · company comparison
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyROEROE changeReported
Five-Star Business Finance Ltd FIVESTAR16%−2.8 ppJun 2026
SBFC Finance Ltd SBFC14%+1.8 ppMar 2026
SG Finserve Ltd SGFIN13%+3.2 ppJun 2026
MAS Financial Services Ltd MASFIN13%0.0 ppJun 2026
Ugro Capital Ltd UGROCAP⚠ unverified7.5%−0.2 ppMar 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

15%
15%
13%
13%
15%
15%
15%
16%
17%
18%
18%
19%
19%
20%
19%
19%
17%
18%
16%
—

MAS Financial Services Ltd · MASFIN

12%
13%
13%
13%
14%
15%
15%
15%
15%
15%
15%
16%
16%
15%
13%
13%
13%
13%
13%
—

SBFC Finance Ltd · SBFC

6.5%
—
4.7%
4.0%
9.0%
9.0%
9.8%
9.5%
11%
9.7%
9.8%
11%
11%
12%
12%
12%
13%
13%
14%
—

SG Finserve Ltd · SGFIN

—
12%
32%
-31%
-37%
1.6%
6.9%
13%
11%
11%
11%
12%
9.6%
6.8%
11%
10%
9.7%
11%
12%
13%

Ugro Capital Ltd · UGROCAP⚠ unverified

0.7%
1.4%
—
—
3.0%
2.2%
—
—
10%
9.8%
—
—
8.4%
8.4%
7.7%
8.1%
6.7%
7.7%
7.5%
—

ROE change · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
—
−0.7 pp
−0.1 pp
+1.7 pp
+3.3 pp
+2.2 pp
+2.9 pp
+3.2 pp
+2.8 pp
+2.5 pp
+2.0 pp
+0.8 pp
−0.4 pp
−2.5 pp
−2.1 pp
−2.8 pp
—

MAS Financial Services Ltd · MASFIN

—
—
—
—
+1.5 pp
+1.9 pp
+2.1 pp
+2.0 pp
+1.1 pp
+0.6 pp
+0.3 pp
+0.9 pp
+1.1 pp
−0.9 pp
−2.3 pp
−3.0 pp
−2.9 pp
−1.2 pp
0.0 pp
—

SBFC Finance Ltd · SBFC

—
—
—
—
+2.5 pp
—
+5.1 pp
+5.5 pp
+1.9 pp
+0.7 pp
0.0 pp
+1.5 pp
+0.5 pp
+2.0 pp
+2.1 pp
+1.2 pp
+1.3 pp
+1.5 pp
+1.8 pp
—

SG Finserve Ltd · SGFIN

—
—
—
—
—
−10.0 pp
−24.8 pp
+44.5 pp
+47.9 pp
+8.9 pp
+4.5 pp
−1.2 pp
−1.3 pp
−3.7 pp
−0.3 pp
−2.0 pp
+0.1 pp
+4.1 pp
+1.0 pp
+3.2 pp

Ugro Capital Ltd · UGROCAP⚠ unverified

—
—
—
—
+2.3 pp
+0.8 pp
—
—
+7.3 pp
+7.6 pp
—
—
−1.9 pp
−1.4 pp
—
—
−1.7 pp
−0.7 pp
−0.2 pp
—
11 · compare level, then change

Gross NPA — Leaders & Improvers

Five-Star Business Finance Ltd has the lowest Gross NPA among the 6 Finance & Investments - MSME Lending companies compared here, at 3.5%. The same company also holds the lowest GNPA change, at +1 percentage points. 1 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Five-Star Business Finance Ltd leads both gross npa at 3.5% and gnpa change at +1 percentage points.

LeaderFive-Star Business Finance Ltd · 3.5%
GapNot enough peers
Persistence0/4 recent comparable periods
Coverage1/6 companies · 8 observations

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

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

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
Gross NPAlowest
1Five-Star Business Finance Ltd FIVESTAR3.5%
GNPA changefastest improvers
1Five-Star Business Finance Ltd FIVESTAR+1.0 pp
Asset quality · company comparison
1/6 level · 1/6 change
All-company data · latest reported quarter
CompanyGross NPAGNPA changeReported
Five-Star Business Finance Ltd FIVESTAR3.5%+1.0 ppJun 2026
Full 20-quarter history · every available company

Gross NPA · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
—
—
—
—
—
—
—
—
—
1.5%
1.6%
1.8%
2.5%
2.6%
3.2%
3.4%
3.5%

GNPA change · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+1.2 pp
+1.6 pp
+1.6 pp
+1.0 pp
12 · compare level, then change

Valuation Against Growth & Quality

Ugro Capital Ltd has the lowest P/BV ÷ ROE among the 6 Finance & Investments - MSME Lending companies compared here, at 0.09×. Five-Star Business Finance Ltd is next at 0.14×. The same company also holds the lowest P/BV, at 0.51×. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ugro Capital Ltd has the lowest comparable P/BV ÷ ROE at 0.09×, 35.7% below Five-Star Business Finance Ltd. Only 6 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderUgro Capital Ltd · 0.09×
Gap35.7% versus #2 · Five-Star Business Finance Ltd
Persistence0/8 recent comparable periods
Coverage6/6 companies · 71 observations

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

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

Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
1Ugro Capital Ltd UGROCAP⚠ unverified0.1
2Five-Star Business Finance Ltd FIVESTAR0.1
3MAS Financial Services Ltd MASFIN0.2
4SBFC Finance Ltd SBFC0.3
5SG Finserve Ltd SGFIN0.3
P/BVlowest P/BV
1Ugro Capital Ltd UGROCAP⚠ unverified0.5
2Moneyboxx Finance Ltd MONEYBOXX1.4
3MAS Financial Services Ltd MASFIN2.0
4Five-Star Business Finance Ltd FIVESTAR2.2
5SG Finserve Ltd SGFIN3.0
Valuation · company comparison
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
SBFC Finance Ltd SBFC0.22.8Mar 2026
SG Finserve Ltd SGFIN0.22.6Jun 2026
MAS Financial Services Ltd MASFIN0.11.9Jun 2026
Five-Star Business Finance Ltd FIVESTAR0.12.3Jun 2026
Ugro Capital Ltd UGROCAP⚠ unverified0.10.4Mar 2026
Moneyboxx Finance Ltd MONEYBOXX—1.6Mar 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
—
—
0.3
0.3
0.3
0.3
0.3
0.2
0.3
0.2
0.2
0.2
0.2
0.1
0.1
0.1
—

MAS Financial Services Ltd · MASFIN

0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.2
0.2
0.2
0.1
—

SBFC Finance Ltd · SBFC

—
—
—
—
—
—
—
—
0.3
0.4
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.2
—

SG Finserve Ltd · SGFIN

—
0.2
0.1
—
—
2.4
0.8
0.5
0.4
0.3
0.3
0.2
0.4
0.4
0.2
0.3
0.2
0.2
0.2
0.2

Ugro Capital Ltd · UGROCAP⚠ unverified

1.3
—
—
—
0.5
—
—
—
0.2
—
—
—
0.1
0.1
0.1
0.1
0.1
0.1
0.1
—

P/BV · reported quarter history

Five-Star Business Finance Ltd · FIVESTAR

—
—
—
—
—
4.5
3.8
4.3
4.7
4.5
4.4
5.3
4.5
4.1
3.7
4.3
2.4
2.4
1.6
2.3

MAS Financial Services Ltd · MASFIN

3.6
2.8
2.4
2.3
2.9
3.2
3.2
3.1
3.2
2.9
2.8
3.0
2.6
2.0
1.9
2.8
2.1
2.0
1.9
1.9

Moneyboxx Finance Ltd · MONEYBOXX

—
—
12.2
—
—
7.1
8.9
9.0
6.6
8.0
9.0
9.3
4.9
3.1
2.9
3.3
2.1
1.6
1.6
—

SBFC Finance Ltd · SBFC

—
—
—
—
—
—
—
—
3.4
3.7
3.4
3.2
3.6
3.2
3.2
3.6
3.6
3.6
2.8
—

SG Finserve Ltd · SGFIN

0.7
1.7
2.2
6.5
10.3
3.9
5.2
6.5
3.9
3.5
3.0
2.5
3.5
2.7
2.7
2.9
1.9
2.1
2.4
2.6

Ugro Capital Ltd · UGROCAP⚠ unverified

0.9
—
1.2
1.0
1.4
—
1.0
2.2
1.9
—
1.4
1.9
1.2
1.1
0.8
1.0
0.8
1.1
0.4
—
13 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Finance & Investments - MSME Lending 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. 1 draws at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

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

How was this comparison built?

This comparison is built from the reported filings of 6 Finance & Investments - MSME Lending companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 2 unverified · 0 withheld, of 6 graded companies.
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 fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

15 · questions investors ask, short speakable answers

Finance & Investments - MSME Lending company comparison FAQs

These 24 answers restate the Finance & Investments - MSME Lending 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 Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Finance & Investments - MSME Lending sector outperforming NIFTY 500?

Finance & Investments - MSME Lending has underperformed NIFTY 500 by 8.4% over 52 weeks and 2.4% over 13 weeks. 3 of 6 covered companies beat NIFTY on Mansfield relative strength, while 2 of 6 beat the sector itself.

Which Finance & Investments - MSME Lending company is largest by income?

Five-Star Business Finance Ltd leads with income of ₹3,260 crore, based on 5 of 6 comparable companies through Jun 2026.

Which Finance & Investments - MSME Lending company is growing fastest?

SG Finserve Ltd has the fastest current income growth at 100%, across 5 of 6 comparable companies.

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

MAS Financial Services Ltd ranks first at 65.2/100 with 88% evidence confidence. The score prioritizes research; it is not a buy recommendation.

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

Ugro Capital Ltd has the lowest comparable P/BV ÷ ROE at 0.09, among 6 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

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

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

How is the 4-Factor Sector Score calculated?

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

What is the Nifty Finance & Investments - MSME Lending index?

The Nifty Finance & Investments - MSME Lending index tracks India's listed Finance & Investments - MSME Lending companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Finance & Investments - MSME Lending sector rather than to its largest constituent. Figures are as of Jun 2026.

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

Ranked by this page's four-factor score, MAS Financial Services Ltd places first among 6 listed Finance & Investments - MSME Lending companies, followed by SG Finserve Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

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

This comparison covers 6 listed Finance & Investments - MSME Lending companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Finance & Investments - MSME Lending company is the biggest?

Five-Star Business Finance Ltd is the largest, with trailing-twelve-month income of ₹3,260 crore, ahead of MAS Financial Services Ltd at ₹2,091 crore. That covers 5 of 6 companies with comparable reporting through Jun 2026.

Which Finance & Investments - MSME Lending company makes the most profit?

Five-Star Business Finance Ltd earns the most, at ₹1,103 crore of trailing-twelve-month net profit, from 5 of 6 comparable companies. SG Finserve Ltd has the fastest profit growth at 79.3%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Finance & Investments - MSME Lending lender has the best asset quality?

Five-Star Business Finance Ltd reports the lowest gross NPA ratio at 3.5% — lower is better — across 1 of 6 lenders. Read the direction as well as the level: a rising NPA ratio off a low base can matter more than a high but falling one.

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

Five-Star Business Finance Ltd leads on return on assets at 7%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Finance & Investments - MSME Lending stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Ugro Capital Ltd screens cheapest at 0.09×. Only 6 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Finance & Investments - MSME Lending sector beating the market?

Finance & Investments - MSME Lending has underperformed NIFTY 500 by 8.4% over the last 52 weeks and 2.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

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

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

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

MAS Financial Services Ltd scores 65.2 out of 100 with 88% evidence confidence, from 24.8 points on growth and earnings, 15.8 on capital efficiency, 14.9 on valuation and 9.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

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

It compares 6 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

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

The 6 Finance & Investments - MSME Lending companies on this page carry ₹38,390 crore of combined market value. Five-Star Business Finance Ltd is the largest at ₹16,175 crore, about 42% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

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

The median price-to-book ratio across the 6 Finance & Investments - MSME Lending companies on this page is 2.2×, 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 2026-08-05.

How is the Finance & Investments - MSME Lending sector performing?

3 of the 6 covered Finance & Investments - MSME Lending companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 8.4% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

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

Is this investment advice?

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

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