NBFC Stocks and Companies in India

The largest NBFC stocks in India by market value are Authum Investment & Infrastructure (₹43,816 crore), Bengal & Assam Company (₹6,471 crore) and Mufin Green Finance (₹2,725 crore), at prices of 4 Nov 2026.

• Authum Investment & Infrastructure: ₹515.95 | market value ₹43,816 crore | P/BV 3.0
• Bengal & Assam Company: ₹5,675 | market value ₹6,471 crore | P/BV 0.6
• Mufin Green Finance: ₹137.50 | market value ₹2,725 crore | P/BV 4.8
• Nalwa Sons Investments: ₹4,840.20 | market value ₹2,488 crore | P/BV 0.2
• Algoquant Fintech: ₹80.45 | market value ₹2,262 crore | P/BV 16.8
• Spice Lounge Food Works: ₹27.90 (price from the week of 23 Aug 2026) | market value ₹1,944 crore | P/BV 15.85
• Gretex Corporate Services: ₹784.50 | market value ₹1,962 crore | P/BV 10.8
• Grand Oak Canyons Distillery: ₹30.62 | market value ₹1,589 crore | P/BV 0.5
• PTC India Financial Services: ₹24.81 | market value ₹1,593 crore | P/BV 0.5
• BF Investment: ₹397.50 | market value ₹1,497 crore | P/BV 0.2

The other 26 NBFC companies are in the full list below.

Share price | market value | P/BV or P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

The largest 15 of 36 listed Indian Finance & Investments - Others companies are named here; all 36 are ranked in the scorecard. This is the set of companies people mean when they search for a Nifty Finance & Investments - Others index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one.

1. Authum Investment & Infrastructure Ltd₹41,800 cr
2. Bengal & Assam Company Ltd₹6,450 cr
3. Mufin Green Finance Ltd₹2,630 cr
4. Nalwa Sons Investments Ltd₹2,540 cr
5. Algoquant Fintech Ltd₹2,140 cr
6. Spice Lounge Food Works Ltd₹1,940 cr
7. Gretex Corporate Services Ltd₹1,920 cr
8. Grand Oak Canyons Distillery Ltd₹1,700 cr
9. PTC India Financial Services Ltd₹1,510 cr
10. BF Investment Ltd₹1,450 cr
11. Balmer Lawrie Investment Ltd₹1,390 cr
12. PNB Gilts Ltd₹1,350 cr
13. Fedders Holding Ltd₹1,130 cr
14. Dolat Algotech Ltd₹1,040 cr
15. Abans Financial Services Ltd₹1,040 cr

The remaining 21 Finance & Investments - Others companies are named and ranked in the scorecard.

36 NBFC companies in the Finance & Investments - Others industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 36 are listed below, largest first. The largest is Authum Investment & Infrastructure (₹41,795 crore) and the smallest with a market value is Ebix.

Download all 36 NBFC companies (CSV)

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 1% behind NIFTY 500. Earnings across its companies fell 2% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 20 weeks running.

6 of the 29 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 5 are 20% or more behind over a year while earnings grew 20% or more.

Ahead of NIFTY 500 on the three-month view for 20 weeks running; 11 of the 29 companies in the industry index above their 200-day average (3 fewer than four weeks earlier); 6 of those 29 pass the momentum test (no change from four weeks earlier); earnings rising at 18 of the 29 that report earnings.

Ahead of NIFTY 500 for 20 weeks running, participation steady at 6 → 6 of 29. Earnings mixed, 18 of 29 members have higher trailing twelve-month earnings than a year ago.

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 29 of its 36 companies (the 7 with too short a price record are ranked in the scorecard but cannot sit in this line). 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.

Finance & Investments - Others has done worse than the NIFTY 500 by 6.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 5%. Gretex Corporate Services Ltd is the strongest against the sector itself at +80.3%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 28.1 as of 30 October 2026 (narrowing, rising).

Finance & Investments - Others has done worse than the NIFTY 500 by 6.8% over 52 weeks, but is 5% ahead over the last 13 weeks. 7 of 36 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (5 have no relative-strength reading yet), and 7 of the 12 with a long enough price history are ahead of the industry itself.

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.

Fedders Holding Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 78.3% evidence confidence.

Master Trust Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Ranked last: too little evidence (4 companies)

Under 60% of the evidence behind these scores is available, so they rank after every company above, whatever the score.

Gretex Corporate Services Ltd has the strongest one-year price move in Finance & Investments - Others at +218.0%. It also leads on relative strength against the NIFTY, at +82.1%. 13 of 36 companies we track are ahead of the index on that measure (5 have no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

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 - Others 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.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

But that hides a sharp recent deterioration: over the LAST reported year aggregate Σprofit fell 35.8% (₹10,887 cr → ₹6,992 cr), driven roughly equally by an 8.98pp margin drag and a 17.9% revenue fall. In the week of 13 July 2026, 52.2% of 23 Finance & Investments - Others companies were beating the Nifty 500, against 28% on 2 March 2026.

From our industry review of 19 July 2026. A newer review (10 October 2026) did not cover Finance & Investments - Others, so this is the latest we have.

1 of 31 Finance & Investments - Others companies held a results call for July to September 2026. PTC India Financial Services guided: Net loan book around ₹5,000 crore by March-end after prepayments.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters raised theirs by 1.7 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 38 Finance & Investments - Others companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Finance & Investments - Others figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 29 Jul 2026, so the words are older than the numbers. 5 themes are live here, 2 of them rated high severity.

How old this read is: OLD: this read comes from our Finance & Investments - Others sector brief dated 29 Jul 2026, about 3 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Finance & Investments - Others sector brief, 29 Jul 2026.

Abans Financial Services Ltd has the highest Income among the 36 Finance & Investments - Others companies compared here, at ₹25,748 crore. Authum Investment & Infrastructure Ltd is next at ₹2,864 crore. The same company also has the highest Income growth, at the 100% top of the scoring scale. Its Income series carries 16 reported observations across the 20-quarter window.

What the numbers say: Abans Financial Services Ltd is the largest at ₹25,748 crore, 799% ahead of Authum Investment & Infrastructure Ltd. Abans Financial Services Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 427.8% from a ₹25,748 crore base, with 16 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Abans Financial Services Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Abans Financial Services Ltd's revenue growth slows for two consecutive comparable reports while its 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 · largest

Income growth · fastest growers

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.

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.

Authum Investment & Infrastructure Ltd has the highest Net profit among the 36 Finance & Investments - Others companies compared here, at ₹2,094 crore. Bengal & Assam Company Ltd is next at ₹783 crore. Algoquant Fintech Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Authum Investment & Infrastructure Ltd earns the most, ₹2,094 crore of profit over the last 12 months, 167.4% above Bengal & Assam Company Ltd. Algoquant Fintech Ltd shows at least 100% on the scoring scale (136.8% in full) growth from a profit base of ₹45 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Authum Investment & Infrastructure 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 · largest

Profit growth · fastest growers

All-company data · latest reported quarter

No company in this Finance & Investments - Others comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, PNB Gilts Ltd is highest at ₹24,497 crore, across 36 of 36 companies with a usable reading.

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

What this means: The current leader 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 · largest deposit bases

Not enough comparable data.

Borrowings · largest borrowings

All-company data · latest reported quarter

Deposits is left out: no company here reports it on a comparable basis.

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.

Fedders Holding Ltd has the highest ROA among the 36 Finance & Investments - Others companies compared here, at 10.9%. Shardul Securities Ltd has the highest ROA change at +10.6 percentage points, so level and change sit with different companies. 35 of 36 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Fedders Holding Ltd leads roa at 10.9%; Shardul Securities Ltd leads roa change at +10.6 percentage points.

What this means: Fedders Holding 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

Withheld from this chart: Authum Investment & Infrastructure Ltd (AIIL): its two data sources disagree by up to 272% on reported income across 15 comparable periods, so its derived ratios are withheld; Bengal & Assam Company Ltd (BENGALASM): its two data sources disagree by up to 6.1% on reported income across 15 comparable periods, so its derived ratios are withheld; Algoquant Fintech Ltd (ALGOQUANT): its two data sources disagree by up to 215% on reported income across 15 comparable periods, so its derived ratios are withheld; Gretex Corporate Services Ltd (GCSL): its two data sources disagree by up to 196% on reported income across 15 comparable periods, so its derived ratios are withheld; Balmer Lawrie Investment Ltd (BLIL): its two data sources disagree by up to 54% on reported income across 15 comparable periods, so its derived ratios are withheld; Abans Financial Services Ltd (AFSL): its two data sources disagree by up to 169,391% on reported income across 16 comparable periods, so its derived ratios are withheld; Crest Ventures Ltd (CREST): its two data sources disagree by up to 18% on reported income across 15 comparable periods, so its derived ratios are withheld; Systematix Corporate Services Ltd (SYSTMTXC): its two data sources disagree by up to 55% on reported income across 15 comparable periods, so its derived ratios are withheld; Consolidated Finvest & Holdings Ltd (CONSOFINVT): its two data sources disagree by up to 252% on reported income across 17 comparable periods, so its derived ratios are withheld; VLS Finance Ltd (VLSFINANCE): its two data sources disagree by up to 127% on reported income across 16 comparable periods, so its derived ratios are withheld; Kiran Vyapar Ltd (KIRANVYPAR): its two data sources disagree by up to 2,131% on reported income across 14 comparable periods, so its derived ratios are withheld; Dhunseri Investments Ltd (DHUNINV): its two data sources disagree by up to 44% on reported income across 14 comparable periods, so its derived ratios are withheld; Oswal Green Tech Ltd (OSWALGREEN): its two data sources disagree by up to 409% on reported income across 16 comparable periods, so its derived ratios are withheld; The Investment Trust of India Ltd (THEINVEST): its two data sources disagree by up to 9.4% on reported income across 15 comparable periods, so its derived ratios are withheld; Ebix Ltd (EBIX): its two data sources disagree by up to 99% on reported income across 9 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

ROA change · fastest improvers

All-company data · latest reported quarter

Algoquant Fintech Ltd has the highest ROE among the 36 Finance & Investments - Others companies compared here, at 27.7%. Master Trust Ltd is next at 17.3%. Shardul Securities Ltd has the highest ROE change at +46.8 percentage points, so level and change sit with different companies. 35 of 36 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Algoquant Fintech Ltd leads roe at 27.7%; Shardul Securities Ltd leads roe change at +46.8 percentage points.

What this means: Algoquant Fintech 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

Withheld from this chart: Authum Investment & Infrastructure Ltd (AIIL): its two data sources disagree by up to 272% on reported income across 15 comparable periods, so its derived ratios are withheld; Bengal & Assam Company Ltd (BENGALASM): its two data sources disagree by up to 6.1% on reported income across 15 comparable periods, so its derived ratios are withheld; Algoquant Fintech Ltd (ALGOQUANT): its two data sources disagree by up to 215% on reported income across 15 comparable periods, so its derived ratios are withheld; Gretex Corporate Services Ltd (GCSL): its two data sources disagree by up to 196% on reported income across 15 comparable periods, so its derived ratios are withheld; Balmer Lawrie Investment Ltd (BLIL): its two data sources disagree by up to 54% on reported income across 15 comparable periods, so its derived ratios are withheld; Abans Financial Services Ltd (AFSL): its two data sources disagree by up to 169,391% on reported income across 16 comparable periods, so its derived ratios are withheld; Crest Ventures Ltd (CREST): its two data sources disagree by up to 18% on reported income across 15 comparable periods, so its derived ratios are withheld; Systematix Corporate Services Ltd (SYSTMTXC): its two data sources disagree by up to 55% on reported income across 15 comparable periods, so its derived ratios are withheld; Consolidated Finvest & Holdings Ltd (CONSOFINVT): its two data sources disagree by up to 252% on reported income across 17 comparable periods, so its derived ratios are withheld; VLS Finance Ltd (VLSFINANCE): its two data sources disagree by up to 127% on reported income across 16 comparable periods, so its derived ratios are withheld; Kiran Vyapar Ltd (KIRANVYPAR): its two data sources disagree by up to 2,131% on reported income across 14 comparable periods, so its derived ratios are withheld; Dhunseri Investments Ltd (DHUNINV): its two data sources disagree by up to 44% on reported income across 14 comparable periods, so its derived ratios are withheld; Oswal Green Tech Ltd (OSWALGREEN): its two data sources disagree by up to 409% on reported income across 16 comparable periods, so its derived ratios are withheld; The Investment Trust of India Ltd (THEINVEST): its two data sources disagree by up to 9.4% on reported income across 15 comparable periods, so its derived ratios are withheld; Ebix Ltd (EBIX): its two data sources disagree by up to 99% on reported income across 9 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

ROE change · fastest improvers

All-company data · latest reported quarter