Other NBFC Stocks and Companies in India

The largest Other NBFC stocks in India by market value are Mrugesh Trading (₹5,665 crore), Aye Finance (₹3,326 crore) and Dhenu Buildcon Infra (₹1,934 crore), at prices of 4 Nov 2026.

• Mrugesh Trading: ₹78.41 | market value ₹5,665 crore | P/BV 78.4
• Aye Finance: ₹134.77 | market value ₹3,326 crore | P/BV 1.2
• Dhenu Buildcon Infra: ₹3.26 | market value ₹1,934 crore | P/BV 2.3
• A.K.Capital Services: ₹1,775.60 | market value ₹1,172 crore | P/BV 1.1
• India Finsec: ₹249.50 | market value ₹741 crore | P/BV 5.3
• Manba Finance: ₹145.39 | market value ₹720 crore | P/BV 1.66
• Unifinz Capital India: ₹135 (price from the week of 16 Aug 2026) | market value ₹596 crore | P/BV 2.82
• Laxmi India Finance: ₹101.57 | market value ₹532 crore | P/BV 1.1
• Mangal Credit & Fincorp: ₹222 (price from the week of 27 Sep 2026) | market value ₹469 crore | P/BV 2.71

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.

All 9 listed Indian NBFC - Others companies are named here, largest first. This is the set of companies people mean when they search for a Nifty NBFC - Others index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Mrugesh Trading Ltd₹5,710 cr
2. Aye Finance Ltd₹3,180 cr
3. Dhenu Buildcon Infra Ltd₹2,210 cr
4. A.K.Capital Services Ltd₹1,140 cr
5. India Finsec Ltd₹741 cr
6. Manba Finance Ltd₹720 cr
7. Unifinz Capital India Ltd₹596 cr
8. Laxmi India Finance Ltd₹476 cr
9. Mangal Credit & Fincorp Ltd₹469 cr

9 Other NBFC companies in the NBFC - Others industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 9 are listed below, largest first. The largest is Mrugesh Trading (₹5,710 crore) and the smallest with a market value is Unifinz Capital India.

Download all 9 Other 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 288% ahead of NIFTY 500. Earnings across its companies grew 26% on average over the last four reported quarters.

Price and the fundamentals both up. 3 of the 6 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).

Not ahead of NIFTY 500 on the three-month view this week; 4 of the 6 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 3 of those 6 pass the momentum test (1 more than four weeks earlier); earnings rising at 5 of the 6 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 5 of 6 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 6 of its 9 companies (the 3 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.

NBFC - Others has done better than the NIFTY 500 by 179% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 8.9%. Mrugesh Trading Ltd is the strongest against the sector itself at +100.6%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 49.5 as of 30 October 2026 (leaders, rising).

NBFC - Others has done better than the NIFTY 500 by 179% over 52 weeks, but is 8.9% behind over the last 13 weeks. 3 of 9 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (3 have no relative-strength reading yet), and 1 of the 2 with a long enough price history is 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.

Unifinz Capital India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 52.9% evidence confidence.

Ranked last: too little evidence (2 companies)

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

Mrugesh Trading Ltd has the strongest one-year price move in NBFC - Others at +3851.5%. It also leads on relative strength against the NIFTY, at +106.6%. 4 of 9 companies we track are ahead of the index on that measure (3 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 NBFC - 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

On the surface this is the best-looking curve in the batch and it is almost entirely an illusion of composition. Combined profit rose from ₹169 crore in 2023 to ₹476 crore in 2026 and combined income from ₹1,238 crore to ₹3,394 crore, so earnings genuinely grew. In the week of 17 August 2026, 80% of 6 NBFC - Others companies were beating the Nifty 500, against 75% on 6 April 2026.

From our industry review of 22 August 2026. A newer review (10 October 2026) did not cover NBFC - Others, so this is the latest we have.

2 of 9 NBFC - Others companies held a results call for July to September 2026. Manba Finance guided: FY27 and FY28 AUM growth 30-35% each with second-half festive weighting.

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 cut theirs by 0.4 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 13 NBFC - Others companies, in percentage points.

Ownership and spending as of 10 October 2026.

Aye Finance Ltd has the highest Income among the 9 NBFC - Others companies compared here, at ₹1,949 crore. Unifinz Capital India Ltd is next at ₹609 crore. Dhenu Buildcon Infra 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: Aye Finance Ltd is the largest at ₹1,949 crore, 220% ahead of Unifinz Capital India Ltd. Dhenu Buildcon Infra Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 7200% from a ₹1 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: Aye Finance Ltd is the size to compare against; Dhenu Buildcon Infra Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Aye Finance Ltd's growth falls below Dhenu Buildcon Infra Ltd's for two consecutive comparable reports while operating margin also compresses.

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

Income · company comparison

Income · 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.

Aye Finance Ltd has the highest Net profit among the 9 NBFC - Others companies compared here, at ₹290 crore. A.K.Capital Services Ltd is next at ₹118 crore. Unifinz Capital India 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: Aye Finance Ltd earns the most, ₹290 crore of profit over the last 12 months, 145.8% above A.K.Capital Services Ltd. Unifinz Capital India Ltd shows at least 100% on the scoring scale (148.6% in full) growth from a profit base of ₹87 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Aye Finance Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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

Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

No company in this NBFC - Others comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Aye Finance Ltd is highest at ₹5,905 crore, across 9 of 9 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.

Unifinz Capital India Ltd has the highest ROA among the 9 NBFC - Others companies compared here, at 14.1%. India Finsec Ltd is next at 4.7%. A.K.Capital Services Ltd has the highest ROA change at +0.6 percentage points, so level and change sit with different companies. 8 of 9 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Unifinz Capital India Ltd leads roa at 14.1%; A.K.Capital Services Ltd leads roa change at +0.6 percentage points.

What this means: Unifinz Capital India 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: Aye Finance Ltd (AYE): its two data sources disagree by up to 5.8% on reported income across 8 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

Unifinz Capital India Ltd has the highest ROE among the 9 NBFC - Others companies compared here, at 72.1%. Laxmi India Finance Ltd is next at 13.8%. The same company also has the highest ROE change, at +23 percentage points. 9 of 9 companies report a comparable reading, the latest through Sep 2026.

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

What this means: Unifinz Capital India 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: Aye Finance Ltd (AYE): its two data sources disagree by up to 5.8% on reported income across 8 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

No company in this NBFC - Others comparison reports a gross NPA figure this section can compare, so the Gross NPA rank is empty. On GNPA change, Manba Finance Ltd is lowest at −0.1 percentage points, across 2 of 9 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable gross npa 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 gnpa change signal.

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

Asset quality · company comparison

Gross NPA · lowest

Not enough comparable data.

GNPA change · fastest improvers

All-company data · latest reported quarter

Unifinz Capital India Ltd has the lowest P/BV ÷ ROE among the 9 NBFC - Others companies compared here, at 0.04×. Laxmi India Finance Ltd is next at 0.07×. Laxmi India Finance Ltd has the lowest P/BV at 1.02×, so level and change sit with different companies. 7 of 9 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Unifinz Capital India Ltd has the lowest comparable P/BV ÷ ROE at 0.04×, 42.9% below Laxmi India Finance Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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

Banks are compared on P/BV and P/BV÷ROE, not PEG. A lower figure is better only if loan quality and returns stay strong; a low price against book value while bad loans are rising is not a good sign by itself.

Valuation · company comparison

P/BV ÷ ROE · lowest return-adjusted price

P/BV · lowest P/BV

All-company data · latest reported quarter

NBFC - Others companies show up on 3 of our India lists. The most are on the momentum stocks list (2 companies).

This NBFC - Others comparison names 7 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-source figures left out because the two sources disagree. 2 of the 7 ranked sections have fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROE can come from heavy borrowing. It is best read beside ROA and loan quality.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.

This comparison is built from the reported filings of 9 NBFC - Others companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

1 of 9 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Aye Finance Ltd (AYE): its two data sources disagree by up to 5.8% on reported income across 8 comparable periods, so its derived ratios are withheld.

These 23 answers restate the NBFC - Others comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.