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

Finance - PSU Lending Stocks in India

Finance - PSU Lending: Power Finance Corporation Ltd owns the largest revenue base; Haryana Financial Corporation Ltd has the fastest current growth.

01 · the index people search for

Nifty Finance - PSU Lending Index — Constituents & Performance

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

02 · the sector itself · before any single company

How has Finance - PSU 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 14% ahead of NIFTY 500. Earnings across its companies grew 14% on average over the last four reported quarters.

FADING · −2 in 4w✓Moving with the index2 of 6 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑1w · 4/6 >200d (+0) · 2/6 lead (−2) · EPS 4/6↑

200500100020262025202420232022 1511333 TRAILING 12-MONTH EPS · 100 AT THE START0100144Sep 22Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 97, against 100 at the start · down 3.1% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 0.1% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 104, against 100 at the start · up 7.8% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 30.0% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 26.1% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 17.5% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 17.5% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 117, against 100 at the start · up 16.3% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 116, against 100 at the start · up 15.4% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 121, against 100 at the start · up 16.8% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 127, against 100 at the start · up 16.0% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 144, against 100 at the start · up 5.9% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or two144 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 1511333 TRAILING 12-MONTH EPS · 100 AT THE START0100144Sep 22Mar 24Mar 25Mar 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 97, against 100 at the start · down 3.1% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 0.1% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 104, against 100 at the start · up 7.8% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 30.0% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 26.1% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 104, against 100 at the start · up 17.5% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 17.5% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 117, against 100 at the start · up 16.3% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 116, against 100 at the start · up 15.4% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 121, against 100 at the start · up 16.8% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 127, against 100 at the start · up 16.0% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 144, against 100 at the start · up 5.9% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or two144No earnings on file this far back — the price series reaches further than the filings do
Finance - PSU 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 6 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 - PSU Lending outperforming NIFTY 500?

Finance - PSU Lending has outperformed NIFTY 500 by 18.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 9.9%. 4 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Tourism Finance Corporation of India Ltd is the strongest against the sector itself at +26.1%.

+9.9%Sector vs NIFTY 500 · 13 weeks
+18.2%Sector vs NIFTY 500 · 52 weeks
4/5Stocks leading NIFTY 500
2/5Stocks leading sector

Sector metric: 14.4 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 - PSU Lending has outperformed NIFTY 500 by 18.2% over 52 weeks and 9.9% over 13 weeks. 4 of 5 covered companies beat NIFTY on Mansfield relative strength, while 2 of 5 beat the sector itself. Power Finance Corporation Ltd leads with income of ₹1,15,444 crore, based on 6 of 6 comparable companies through Mar 2026.

Companies
6
complete canonical membership
Combined market value
₹3.0 L Cr
Power Finance Corporation Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
4/5
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%
Power Finance Corporation Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 87% evidence confidence.
REC Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Tourism Finance Corporation of India Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
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
1Power Finance Corporation LtdPFC 63.2/100Mixed-positive evidence87% evidence ASLEEP 18.9/35 Income 8.4% · PAT 10.2% 67% evidence 22.6/25 ROA 2.8% · ROE 20.7% · GNPA 0.7% 95% evidence 15.7/20 P/BV 1.05× · P/BV÷ROE 0.05 100% evidence 6.0/20 RS sector -8.4% · RS bench 3.4% · 1Y 2.2%2 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 22.6 + 15.7 + 6 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2IFCI LtdIFCI 51.1/100Mixed-positive evidence70% evidence LEADER 21.7/35 Income 10.1% · PAT 24.7% 55% evidence 7.9/25 ROA 1.7% · ROE 2.1% · GNPA — 68% evidence 3.8/20 P/BV 2.3× · P/BV÷ROE 1.1 70% evidence 17.7/20 RS sector 12.1% · RS bench 25.9% · 1Y 30.5%10 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 7.9 + 3.8 + 17.7 = 51.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Tourism Finance Corporation of India LtdTFCILTD 50.8/100Mixed-positive evidence88% evidence LEADER 12.2/35 Income -8.3% · PAT 4.9% 86% evidence 16.7/25 ROA 5.1% · ROE 9.9% · GNPA — 72% evidence 1.9/20 P/BV 4.74× · P/BV÷ROE 0.48 100% evidence 20.0/20 RS sector 26.1% · RS bench 42% · 1Y 74.7%8 of 12 weeks ahead 100% evidence
Exact sum: 12.2 + 16.7 + 1.9 + 20 = 50.8 · Decision use: Price leads the evidence: RS versus the benchmark is 42%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Indian Renewable Energy Development Agency LtdIREDA 50.6/100Mixed-positive evidence83% evidence ASLEEP 24.0/35 Income 23.2% · PAT 10.3% 88% evidence 15.9/25 ROA 2.6% · ROE 15.6% · GNPA — 72% evidence 10.7/20 P/BV 2.44× · P/BV÷ROE 0.16 70% evidence 0.0/20 RS sector -22.7% · RS bench -12.3% · 1Y -22%3 of 12 weeks ahead 100% evidence
Exact sum: 24 + 15.9 + 10.7 + 0 = 50.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.7% and the one-year return is -22%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
5REC LtdRECLTD 41.8/100Mixed-negative evidence82% evidence TURNING 4.9/35 Income 2% · PAT -5.1% 86% evidence 15.8/25 ROA 2.5% · ROE 20% · GNPA — 72% evidence 14.5/20 P/BV 1.15× · P/BV÷ROE 0.06 100% evidence 6.6/20 RS sector -13.8% · RS bench 2.4% · 1Y -6.9%0 of 10 weeks ahead 70% evidence
Exact sum: 4.9 + 15.8 + 14.5 + 6.6 = 41.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
6Haryana Financial Corporation LtdHARAFIN 47.7/100Thin evidence · provisional15% evidence 19.4/35 Income 100% · PAT 100% 18% evidence 9.3/25 ROA — · ROE 0% · GNPA — 26% evidence 9.0/20 P/BV 7.41× · P/BV÷ROE — 10% evidence 10.0/20 RS sector — · RS bench — · 1Y 31.3%0 of 2 weeks ahead to 2026-02-22 0% evidence
Exact sum: 19.4 + 9.3 + 9 + 10 = 47.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

Tourism Finance Corporation of India Ltd has the strongest one-year price move in Finance - PSU Lending at +74.7%. It also leads on Mansfield relative strength against NIFTY at +42%. 4 of 5 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

Power Finance Corporation Ltd has the highest Income among the 6 Finance - PSU Lending companies compared here, at ₹1,15,444 crore. REC Ltd is next at ₹59,203 crore. Haryana Financial Corporation 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: Power Finance Corporation Ltd is the scale leader at ₹1,15,444 crore, 95% ahead of REC Ltd. Haryana Financial Corporation Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 1097.6% from a ₹10 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderPower Finance Corporation Ltd · ₹1,15,444 crore
Gap95% versus #2 · REC Ltd
Persistence7/8 recent comparable periods
Coverage6/6 companies · 100 observations

Investor read: Power Finance Corporation Ltd is the scale benchmark; Haryana Financial Corporation Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Power Finance Corporation Ltd's growth falls below Haryana Financial Corporation 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
1Power Finance Corporation Ltd PFC₹1.2 L Cr
2REC Ltd RECLTD₹59.2K Cr
3Indian Renewable Energy Development Agency Ltd IREDA₹8.3K Cr
4IFCI Ltd IFCI₹2.1K Cr
5Tourism Finance Corporation of India Ltd TFCILTD₹233 Cr
Income growthfastest growers
1Haryana Financial Corporation Ltd HARAFIN · older report100%
2Indian Renewable Energy Development Agency Ltd IREDA23%
3IFCI Ltd IFCI10%
4Power Finance Corporation Ltd PFC8.4%
5REC Ltd RECLTD2.0%
Income · company comparison
6/6 level · 6/6 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
Power Finance Corporation Ltd PFC₹28.9K Cr-1.2%Mar 2026
REC Ltd RECLTD₹14.4K Cr-2.1%Jun 2026
Indian Renewable Energy Development Agency Ltd IREDA₹2.2K Cr14%Mar 2026
IFCI Ltd IFCI₹470 Cr14%Mar 2026
Tourism Finance Corporation of India Ltd TFCILTD₹115 Cr74%Jun 2026
Haryana Financial Corporation Ltd HARAFIN₹10 Cr-100%Dec 2025
Full 20-quarter history · every available company

Income · reported quarter history

Haryana Financial Corporation Ltd · HARAFIN

—
—
—
—
—
₹0 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹10 Cr
—
—

IFCI Ltd · IFCI

—
—
—
—
—
₹348 Cr
₹414 Cr
₹320 Cr
₹607 Cr
₹454 Cr
₹605 Cr
₹388 Cr
₹617 Cr
₹459 Cr
₹414 Cr
₹407 Cr
₹735 Cr
₹456 Cr
₹470 Cr
—

Indian Renewable Energy Development Agency Ltd · IREDA

₹683 Cr
₹743 Cr
₹746 Cr
₹786 Cr
₹792 Cr
₹869 Cr
₹1.0K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.6K Cr
₹1.7K Cr
₹1.9K Cr
₹1.9K Cr
₹2.1K Cr
₹2.1K Cr
₹2.2K Cr
—

Power Finance Corporation Ltd · PFC

—
—
—
—
—
₹19.6K Cr
₹20.1K Cr
₹21.0K Cr
₹22.4K Cr
₹23.6K Cr
₹24.1K Cr
₹24.7K Cr
₹25.7K Cr
₹26.8K Cr
₹29.3K Cr
₹28.5K Cr
₹28.9K Cr
₹29.1K Cr
₹28.9K Cr
—

REC Ltd · RECLTD

₹10.1K Cr
₹10.1K Cr
₹9.7K Cr
₹9.5K Cr
₹10.0K Cr
₹9.8K Cr
₹10.2K Cr
₹11.1K Cr
₹11.7K Cr
₹12.1K Cr
₹12.7K Cr
₹13.1K Cr
₹13.7K Cr
₹14.3K Cr
₹15.3K Cr
₹14.7K Cr
₹15.2K Cr
₹15.1K Cr
₹14.6K Cr
₹14.4K Cr

Tourism Finance Corporation of India Ltd · TFCILTD

₹66 Cr
₹62 Cr
₹61 Cr
₹63 Cr
₹58 Cr
₹51 Cr
₹60 Cr
₹59 Cr
₹58 Cr
₹67 Cr
₹58 Cr
₹62 Cr
₹65 Cr
₹64 Cr
₹69 Cr
₹66 Cr
₹66 Cr
₹71 Cr
₹74 Cr
₹115 Cr

Income growth · reported quarter history

Haryana Financial Corporation Ltd · HARAFIN

—
—
—
—
—
—
—
—
—
-78%
138%
-100%
—
-100%
-86%
—
-100%
—
—
—

IFCI Ltd · IFCI

—
—
—
—
—
—
—
—
—
30%
46%
21%
1.7%
1.1%
-32%
4.9%
19%
-0.7%
14%
—

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
12%
16%
17%
39%
45%
49%
44%
34%
32%
38%
36%
37%
29%
26%
25%
14%
—

Power Finance Corporation Ltd · PFC

—
—
—
—
—
—
—
—
—
20%
20%
18%
15%
14%
21%
15%
12%
8.6%
-1.2%
—

REC Ltd · RECLTD

—
—
—
-0.5%
-0.9%
-2.9%
6.1%
17%
17%
23%
24%
18%
17%
18%
21%
13%
11%
5.5%
-5.0%
-2.1%

Tourism Finance Corporation of India Ltd · TFCILTD

—
—
1.7%
-4.6%
-12%
-18%
-1.6%
-6.4%
0.0%
31%
-3.3%
5.1%
12%
-4.5%
19%
6.5%
1.5%
11%
7.3%
74%
07 · compare level, then change

Profit Scale & Acceleration

Power Finance Corporation Ltd has the highest Net profit among the 6 Finance - PSU Lending companies compared here, at ₹33,625 crore. REC Ltd is next at ₹16,035 crore. IFCI Ltd has the highest Profit growth at 24.7%, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Power Finance Corporation Ltd leads with ₹33,625 crore of TTM profit, 109.7% above REC Ltd. IFCI Ltd shows 24.7% growth from a ₹434 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderPower Finance Corporation Ltd · ₹33,625 crore
Gap109.7% versus #2 · REC Ltd
Persistence8/8 recent comparable periods
Coverage6/6 companies · 100 observations

Investor read: Power Finance Corporation 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
1Power Finance Corporation Ltd PFC₹33.6K Cr
2REC Ltd RECLTD₹16.0K Cr
3Indian Renewable Energy Development Agency Ltd IREDA₹1.9K Cr
4IFCI Ltd IFCI₹434 Cr
5Tourism Finance Corporation of India Ltd TFCILTD₹85 Cr
Profit growthfastest growers
1IFCI Ltd IFCI25%
2Indian Renewable Energy Development Agency Ltd IREDA10%
3Power Finance Corporation Ltd PFC10%
4Tourism Finance Corporation of India Ltd TFCILTD4.9%
5REC Ltd RECLTD-5.1%
Net profit · company comparison
6/6 level · 5/6 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Power Finance Corporation Ltd PFC₹8.6K Cr2.9%Mar 2026
REC Ltd RECLTD₹4.2K Cr-6.1%Jun 2026
Indian Renewable Energy Development Agency Ltd IREDA₹493 Cr-1.8%Mar 2026
Tourism Finance Corporation of India Ltd TFCILTD₹61 Cr97%Jun 2026
IFCI Ltd IFCI₹34 Cr-87%Mar 2026
Haryana Financial Corporation Ltd HARAFIN₹9 Cr-115%Dec 2025
Full 20-quarter history · every available company

Net profit · reported quarter history

Haryana Financial Corporation Ltd · HARAFIN

—
—
—
—
—
₹-1 Cr
₹1 Cr
₹0 Cr
₹25 Cr
₹-0 Cr
₹-0 Cr
₹2 Cr
₹-1 Cr
₹-1 Cr
₹0 Cr
₹-0 Cr
₹-0 Cr
₹9 Cr
—
—

IFCI Ltd · IFCI

—
—
—
—
—
₹109 Cr
₹-241 Cr
₹-129 Cr
₹174 Cr
₹39 Cr
₹157 Cr
₹-88 Cr
₹185 Cr
₹-9 Cr
₹260 Cr
₹62 Cr
₹317 Cr
₹21 Cr
₹34 Cr
—

Indian Renewable Energy Development Agency Ltd · IREDA

₹110 Cr
₹107 Cr
₹226 Cr
₹226 Cr
₹184 Cr
₹201 Cr
₹254 Cr
₹295 Cr
₹285 Cr
₹336 Cr
₹337 Cr
₹384 Cr
₹388 Cr
₹425 Cr
₹502 Cr
₹247 Cr
₹549 Cr
₹585 Cr
₹493 Cr
—

Power Finance Corporation Ltd · PFC

—
—
—
—
—
₹5.2K Cr
₹6.1K Cr
₹6.0K Cr
₹6.6K Cr
₹6.3K Cr
₹7.6K Cr
₹7.2K Cr
₹7.2K Cr
₹7.8K Cr
₹8.4K Cr
₹9.0K Cr
₹7.8K Cr
₹8.2K Cr
₹8.6K Cr
—

REC Ltd · RECLTD

₹2.7K Cr
₹2.8K Cr
₹2.3K Cr
₹2.5K Cr
₹2.7K Cr
₹2.9K Cr
₹3.1K Cr
₹3.0K Cr
₹3.8K Cr
₹3.3K Cr
₹4.1K Cr
₹3.5K Cr
₹4.0K Cr
₹4.1K Cr
₹4.3K Cr
₹4.5K Cr
₹4.4K Cr
₹4.1K Cr
₹3.4K Cr
₹4.2K Cr

Tourism Finance Corporation of India Ltd · TFCILTD

₹22 Cr
₹20 Cr
₹22 Cr
₹25 Cr
₹20 Cr
₹18 Cr
₹25 Cr
₹24 Cr
₹19 Cr
₹28 Cr
₹20 Cr
₹25 Cr
₹26 Cr
₹23 Cr
₹30 Cr
₹31 Cr
₹29 Cr
₹32 Cr
₹32 Cr
₹61 Cr

Profit growth · reported quarter history

Haryana Financial Corporation Ltd · HARAFIN

—
—
—
—
—
—
—
—
—
—
-126%
503%
-105%
—
—
-115%
—
—
—
—

IFCI Ltd · IFCI

—
—
—
—
—
—
—
—
—
-64%
—
—
6.3%
-123%
66%
—
71%
—
-87%
—

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
19%
67%
88%
12%
31%
55%
67%
33%
30%
36%
26%
49%
-36%
41%
38%
-1.8%
—

Power Finance Corporation Ltd · PFC

—
—
—
—
—
—
—
—
—
20%
23%
20%
8.9%
23%
11%
25%
8.6%
5.8%
2.9%
—

REC Ltd · RECLTD

—
—
—
8.2%
1.5%
5.1%
35%
21%
39%
13%
33%
17%
6.5%
23%
5.7%
29%
9.3%
-0.6%
-22%
-6.1%

Tourism Finance Corporation of India Ltd · TFCILTD

—
—
22%
19%
-9.1%
-10%
14%
-4.0%
-5.0%
56%
-20%
4.2%
37%
-18%
50%
24%
12%
39%
6.7%
97%
08 · compare level, then change

Funding Base & Its Composition

No company in this Finance - PSU Lending comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Power Finance Corporation Ltd is highest at ₹10,12,503 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
1Power Finance Corporation Ltd PFC₹10.1 L Cr
2REC Ltd RECLTD₹5.2 L Cr
3Indian Renewable Energy Development Agency Ltd IREDA₹77.8K Cr
4IFCI Ltd IFCI₹3.5K Cr
5Tourism Finance Corporation of India Ltd TFCILTD₹1.1K Cr
Funding base · company comparison
0/6 level · 6/6 change
All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
Power Finance Corporation Ltd PFC—₹10.1 L CrMar 2026
REC Ltd RECLTD—₹5.2 L CrJun 2026
Indian Renewable Energy Development Agency Ltd IREDA—₹77.8K CrMar 2026
IFCI Ltd IFCI—₹3.5K CrMar 2026
Tourism Finance Corporation of India Ltd TFCILTD—₹1.1K CrJun 2026
Haryana Financial Corporation Ltd HARAFIN—₹0 CrDec 2025
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Haryana Financial Corporation Ltd · HARAFIN

—
—
₹0 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
—
—
₹0 Cr
—
₹0 Cr
—
—
—

IFCI Ltd · IFCI

—
—
₹7.1K Cr
—
—
—
₹6.0K Cr
—
—
—
₹5.4K Cr
—
—
—
₹3.7K Cr
—
₹3.5K Cr
—
₹3.5K Cr
—

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
₹27.6K Cr
₹29.5K Cr
₹32.4K Cr
₹32.4K Cr
₹40.2K Cr
₹40.3K Cr
₹41.8K Cr
₹41.8K Cr
₹49.7K Cr
₹51.6K Cr
₹54.7K Cr
—
₹64.7K Cr
₹68.1K Cr
₹69.9K Cr
₹75.0K Cr
₹77.8K Cr
—

Power Finance Corporation Ltd · PFC

—
—
₹6.6 L Cr
—
—
—
₹7.5 L Cr
—
—
—
₹8.6 L Cr
—
—
—
₹9.7 L Cr
—
₹10.0 L Cr
—
₹10.1 L Cr
—

REC Ltd · RECLTD

₹3.7 L Cr
—
₹3.3 L Cr
₹3.6 L Cr
₹3.7 L Cr
₹3.8 L Cr
₹3.8 L Cr
—
₹4.4 L Cr
₹4.7 L Cr
₹4.5 L Cr
₹4.9 L Cr
₹5.1 L Cr
₹5.2 L Cr
₹5.0 L Cr
₹5.2 L Cr
₹5.2 L Cr
₹5.6 L Cr
₹5.1 L Cr
₹5.2 L Cr

Tourism Finance Corporation of India Ltd · TFCILTD

₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹920 Cr
₹920 Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹978 Cr
₹978 Cr
₹1.0K Cr
₹1.0K Cr
₹863 Cr
₹863 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
09 · compare level, then change

Return On Assets

Tourism Finance Corporation of India Ltd has the highest ROA among the 6 Finance - PSU Lending companies compared here, at 5.1%. Power Finance Corporation Ltd is next at 2.8%. Indian Renewable Energy Development Agency Ltd has the highest ROA change at +0.4 percentage points, so level and change sit with different companies.

What the numbers say: Tourism Finance Corporation of India Ltd leads roa at 5.1%; Indian Renewable Energy Development Agency Ltd leads roa change at +0.4 percentage points.

LeaderTourism Finance Corporation of India Ltd · 5.1%
Gap83.5% versus #2 · Power Finance Corporation Ltd
Persistence5/7 recent comparable periods
Coverage5/6 companies · 38 observations

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

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

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
1Tourism Finance Corporation of India Ltd TFCILTD5.1%
2Power Finance Corporation Ltd PFC2.8%
3Indian Renewable Energy Development Agency Ltd IREDA2.6%
4REC Ltd RECLTD2.5%
5IFCI Ltd IFCI1.7%
ROA changefastest improvers
1Indian Renewable Energy Development Agency Ltd IREDA+0.4 pp
2Tourism Finance Corporation of India Ltd TFCILTD+0.2 pp
3REC Ltd RECLTD−0.2 pp
Return on assets · company comparison
5/6 level · 3/6 change

Withheld from this chart: Power Finance Corporation Ltd (PFC) — its two data sources disagree by up to 27% on reported income across 14 comparable periods, so its derived ratios are withheld; IFCI Ltd (IFCI) — its two data sources disagree by up to 235% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROAROA changeReported
Tourism Finance Corporation of India Ltd TFCILTD5.1%+0.2 ppJun 2026
Indian Renewable Energy Development Agency Ltd IREDA2.6%+0.4 ppMar 2026
REC Ltd RECLTD2.5%−0.2 ppJun 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
1.7%
—
1.8%
—
1.7%
1.8%
2.3%
2.2%
2.0%
—
2.1%
—
2.2%
1.9%
1.2%
2.6%
2.6%
—

REC Ltd · RECLTD

—
—
2.4%
2.5%
2.4%
2.6%
2.7%
2.7%
2.5%
2.5%
2.5%
3.0%
2.5%
2.8%
2.7%
2.8%
2.7%
—
2.5%
—

Tourism Finance Corporation of India Ltd · TFCILTD

—
—
3.8%
—
4.5%
—
4.3%
—
4.2%
—
4.3%
—
4.4%
—
4.9%
—
4.9%
—
5.1%
—

ROA change · reported quarter history

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
—
—
—
0.0 pp
—
+0.5 pp
—
+0.3 pp
—
−0.2 pp
—
+0.2 pp
—
−0.9 pp
—
+0.4 pp
—

REC Ltd · RECLTD

—
—
—
—
—
—
+0.3 pp
+0.2 pp
+0.1 pp
−0.1 pp
−0.2 pp
+0.3 pp
0.0 pp
+0.3 pp
+0.2 pp
−0.2 pp
+0.2 pp
—
−0.2 pp
—

Tourism Finance Corporation of India Ltd · TFCILTD

—
—
—
—
—
—
+0.5 pp
—
−0.3 pp
—
0.0 pp
—
+0.2 pp
—
+0.6 pp
—
+0.5 pp
—
+0.2 pp
—
10 · compare level, then change

ROE — Leaders & Improvers

Power Finance Corporation Ltd has the highest ROE among the 6 Finance - PSU Lending companies compared here, at 20.7%. REC Ltd is next at 20%. Indian Renewable Energy Development Agency Ltd has the highest ROE change at +1.2 percentage points, so level and change sit with different companies.

What the numbers say: Power Finance Corporation Ltd leads roe at 20.7%; Indian Renewable Energy Development Agency Ltd leads roe change at +1.2 percentage points.

LeaderPower Finance Corporation Ltd · 20.7%
Gap3.5% versus #2 · REC Ltd
PersistenceNot enough history
Coverage6/6 companies · 55 observations

Investor read: Power Finance Corporation 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
1Power Finance Corporation Ltd PFC21%
2REC Ltd RECLTD20%
3Indian Renewable Energy Development Agency Ltd IREDA16%
4Tourism Finance Corporation of India Ltd TFCILTD9.9%
5IFCI Ltd IFCI2.1%
ROE changefastest improvers
1Indian Renewable Energy Development Agency Ltd IREDA+1.2 pp
2Power Finance Corporation Ltd PFC0.0 pp
3Tourism Finance Corporation of India Ltd TFCILTD−0.1 pp
4Haryana Financial Corporation Ltd HARAFIN · older report−0.3 pp
5IFCI Ltd IFCI−1.0 pp
Return on equity · company comparison
6/6 level · 6/6 change

Withheld from this chart: Power Finance Corporation Ltd (PFC) — its two data sources disagree by up to 27% on reported income across 14 comparable periods, so its derived ratios are withheld; IFCI Ltd (IFCI) — its two data sources disagree by up to 235% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROEROE changeReported
Indian Renewable Energy Development Agency Ltd IREDA18%+1.2 ppMar 2026
REC Ltd RECLTD16%−6.2 ppJun 2026
Tourism Finance Corporation of India Ltd TFCILTD10%−0.1 ppJun 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
12%
13%
13%
14%
14%
18%
19%
18%
20%
18%
18%
17%
17%
13%
8.7%
17%
18%
—

REC Ltd · RECLTD

—
24%
20%
19%
19%
21%
21%
22%
20%
20%
21%
24%
20%
22%
22%
22%
23%
22%
19%
16%

Tourism Finance Corporation of India Ltd · TFCILTD

—
11%
9.7%
10%
11%
8.2%
7.6%
10%
9.6%
7.6%
12%
8.0%
9.3%
9.1%
7.8%
10%
10%
9.4%
10%
10%

ROE change · reported quarter history

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
—
—
—
+2.2 pp
+4.8 pp
+6.1 pp
+4.2 pp
+6.2 pp
+0.3 pp
−1.4 pp
−0.4 pp
−3.9 pp
−5.2 pp
−9.2 pp
+0.1 pp
+1.2 pp
—

REC Ltd · RECLTD

—
—
—
—
—
−3.0 pp
+1.9 pp
+2.4 pp
+1.2 pp
−0.4 pp
−0.9 pp
+2.6 pp
−0.5 pp
+2.0 pp
+1.1 pp
−2.0 pp
+3.3 pp
−0.3 pp
−2.2 pp
−6.2 pp

Tourism Finance Corporation of India Ltd · TFCILTD

—
—
—
—
—
−2.5 pp
−2.1 pp
−0.2 pp
−1.1 pp
−0.6 pp
+4.0 pp
−2.0 pp
−0.3 pp
+1.5 pp
−3.8 pp
+2.1 pp
+0.7 pp
+0.3 pp
+2.4 pp
−0.1 pp
11 · compare level, then change

Gross NPA — Leaders & Improvers

Power Finance Corporation Ltd has the lowest Gross NPA among the 6 Finance - PSU Lending companies compared here, at 0.7%. The same company also holds the lowest GNPA change, at -1 percentage points. 1 of 6 companies report a comparable reading, the latest through Mar 2026. Its Gross NPA series carries 14 reported observations across the 20-quarter window.

What the numbers say: Power Finance Corporation Ltd leads both gross npa at 0.7% and gnpa change at -1 percentage points.

LeaderPower Finance Corporation Ltd · 0.7%
GapNot enough peers
Persistence8/8 recent comparable periods
Coverage1/6 companies · 27 observations

Investor read: Power Finance Corporation 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
1Power Finance Corporation Ltd PFC0.7%
GNPA changefastest improvers
1Power Finance Corporation Ltd PFC−1.0 pp
2Indian Renewable Energy Development Agency Ltd IREDA+1.1 pp
Asset quality · company comparison
1/6 level · 2/6 change

Withheld from this chart: IFCI Ltd (IFCI) — its two data sources disagree by up to 235% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyGross NPAGNPA changeReported
Indian Renewable Energy Development Agency Ltd IREDA3.8%+1.1 ppMar 2026
Power Finance Corporation Ltd PFC0.7%−1.0 ppMar 2026
Full 20-quarter history · every available company

Gross NPA · reported quarter history

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
—
—
4.2%
3.2%
3.1%
3.1%
2.9%
2.9%
2.2%
2.2%
2.7%
2.7%
4.1%
4.0%
3.8%
—
—

Power Finance Corporation Ltd · PFC

—
—
—
—
—
3.9%
3.7%
3.5%
3.4%
3.1%
3.0%
3.0%
2.6%
2.3%
1.6%
1.5%
1.5%
1.3%
0.7%
—

GNPA change · reported quarter history

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
—
—
—
—
—
—
−1.3 pp
−0.3 pp
−0.9 pp
−0.9 pp
−0.2 pp
−0.2 pp
+1.9 pp
+1.8 pp
+1.1 pp
—
—

Power Finance Corporation Ltd · PFC

—
—
—
—
—
—
—
—
—
−0.8 pp
−0.6 pp
−0.6 pp
−0.8 pp
−0.8 pp
−1.4 pp
−1.5 pp
−1.2 pp
−1.0 pp
−1.0 pp
—
12 · compare level, then change

Valuation Against Growth & Quality

Power Finance Corporation Ltd has the lowest P/BV ÷ ROE among the 6 Finance - PSU Lending companies compared here, at 0.05×. REC Ltd is next at 0.06×. The same company also holds the lowest P/BV, at 1.05×. 5 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Power Finance Corporation Ltd has the lowest comparable P/BV ÷ ROE at 0.05×, 16.7% below REC Ltd. Only 5 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.

LeaderPower Finance Corporation Ltd · 0.05×
Gap16.7% versus #2 · REC Ltd
Persistence0/8 recent comparable periods
Coverage5/6 companies · 48 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
1Power Finance Corporation Ltd PFC0.1
2REC Ltd RECLTD0.1
3Indian Renewable Energy Development Agency Ltd IREDA0.2
4Tourism Finance Corporation of India Ltd TFCILTD0.5
5IFCI Ltd IFCI1.1
P/BVlowest P/BV
1Power Finance Corporation Ltd PFC1.1
2REC Ltd RECLTD1.2
3IFCI Ltd IFCI2.3
4Indian Renewable Energy Development Agency Ltd IREDA2.4
5Tourism Finance Corporation of India Ltd TFCILTD4.7
Valuation · company comparison
5/6 level · 6/6 change
All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
Tourism Finance Corporation of India Ltd TFCILTD0.43.6Jun 2026
Indian Renewable Energy Development Agency Ltd IREDA0.12.5Mar 2026
REC Ltd RECLTD0.11.1Jun 2026
Power Finance Corporation Ltd PFC—1.0Mar 2026
IFCI Ltd IFCI—1.6Mar 2026
Haryana Financial Corporation Ltd HARAFIN—8.3Dec 2025
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
—
—
—
—
—
—
0.2
0.2
0.3
0.4
0.3
0.3
0.4
0.4
0.2
0.1
—

REC Ltd · RECLTD

—
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1

Tourism Finance Corporation of India Ltd · TFCILTD

—
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.2
0.2
0.2
0.2
0.2
0.3
0.3
0.3
0.4

P/BV · reported quarter history

Haryana Financial Corporation Ltd · HARAFIN

—
—
—
—
—
—
—
—
—
—
—
—
—
2.4
2.6
5.3
7.8
8.3
—
—

IFCI Ltd · IFCI

—
—
0.9
—
—
0.8
0.7
0.8
1.8
1.7
2.3
3.3
3.3
2.7
1.9
3.0
2.5
1.6
1.6
—

Indian Renewable Energy Development Agency Ltd · IREDA

—
—
—
—
—
—
—
—
—
4.2
4.3
6.0
7.3
5.7
4.6
4.4
3.8
3.1
2.5
—

Power Finance Corporation Ltd · PFC

—
—
0.5
—
—
0.5
0.6
0.8
1.0
1.4
1.4
1.9
1.6
1.4
1.2
1.4
1.1
0.9
1.0
—

REC Ltd · RECLTD

0.7
0.6
0.5
0.5
0.5
0.6
0.6
0.8
1.3
1.7
1.8
2.4
2.0
1.8
1.5
1.5
1.2
1.1
1.0
1.1

Tourism Finance Corporation of India Ltd · TFCILTD

0.7
0.6
0.6
0.5
0.6
0.8
0.7
0.7
0.9
1.2
1.6
1.8
1.6
1.5
1.6
2.2
3.4
3.0
3.0
3.6
13 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Finance - PSU Lending comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 6 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 2 have second-feed figures withheld because the two sources disagree. A high growth rate can still be a low-base artefact.

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.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • 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-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Funding base, 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 - PSU 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. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · 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 standing3 cross-checked · 1 unverified · 2 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 - PSU Lending company comparison FAQs

These 24 answers restate the Finance - PSU 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 - PSU Lending sector outperforming NIFTY 500?

Finance - PSU Lending has outperformed NIFTY 500 by 18.2% over 52 weeks and 9.9% over 13 weeks. 4 of 5 covered companies beat NIFTY on Mansfield relative strength, while 2 of 5 beat the sector itself.

Which Finance - PSU Lending company is largest by income?

Power Finance Corporation Ltd leads with income of ₹1,15,444 crore, based on 6 of 6 comparable companies through Mar 2026.

Which Finance - PSU Lending company is growing fastest?

Haryana Financial Corporation Ltd has the fastest current income growth at 100%, across 6 of 6 comparable companies.

Which Finance - PSU Lending company has the strongest 4-Factor Sector Score?

Power Finance Corporation Ltd ranks first at 63.2/100 with 87% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Finance - PSU Lending company has the lowest comparable P/BV-to-ROE?

Power Finance Corporation Ltd has the lowest comparable P/BV ÷ ROE at 0.05, among 5 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Finance - PSU 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 - PSU Lending index?

The Nifty Finance - PSU Lending index tracks India's listed Finance - PSU 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 - PSU Lending sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Finance - PSU Lending stocks in India?

Ranked by this page's four-factor score, Power Finance Corporation Ltd places first among 6 listed Finance - PSU Lending companies, followed by IFCI 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 - PSU Lending stocks are listed in India?

This comparison covers 6 listed Finance - PSU 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 - PSU Lending company is the biggest?

Power Finance Corporation Ltd is the largest, with trailing-twelve-month income of ₹1,15,444 crore, ahead of REC Ltd at ₹59,203 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

Which Finance - PSU Lending company makes the most profit?

Power Finance Corporation Ltd earns the most, at ₹33,625 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. IFCI Ltd has the fastest profit growth at 24.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Finance - PSU Lending lender has the best asset quality?

Power Finance Corporation Ltd reports the lowest gross NPA ratio at 0.7% — 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 - PSU Lending company earns the highest return on capital?

Tourism Finance Corporation of India Ltd leads on return on assets at 5.1%, across 5 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 - PSU Lending stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Power Finance Corporation Ltd screens cheapest at 0.05×. Only 5 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 - PSU Lending sector beating the market?

Finance - PSU Lending has outperformed NIFTY 500 by 18.2% over the last 52 weeks and 9.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Finance - PSU Lending stock has the strongest price momentum?

Tourism Finance Corporation of India 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 - PSU Lending company scores highest for research priority?

Power Finance Corporation Ltd scores 63.2 out of 100 with 87% evidence confidence, from 18.9 points on growth and earnings, 22.6 on capital efficiency, 15.7 on valuation and 6 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 - PSU 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 - PSU Lending sector?

The 6 Finance - PSU Lending companies on this page carry ₹2,98,841 crore of combined market value. Power Finance Corporation Ltd is the largest at ₹1,40,040 crore, about 47% 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 - PSU Lending sector's P/B ratio?

The median price-to-book ratio across the 6 Finance - PSU Lending companies on this page is 2.4×, 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 - PSU Lending sector performing?

4 of the 5 covered Finance - PSU Lending companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 18.2% ahead of 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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