On 6 Nov 2026, Aye Finance was priced at ₹147.13, or 20.0× trailing earnings, and the shares are 25% below their 52-week high. Net profit grew 69% a year over 3 years; its ROE of 13% is the second-lowest among the 7 largest Credit Services peers. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 1.35× book value. It is a small-cap company with a market cap of ₹3,605 Cr, ranked 32nd of 193 Credit Services companies by market cap; the shares rose 14% over the past year.
- ₹146.11
- ₹149.85
- ₹141.60
- ₹147.84
- 10.3 L
Health check
- ReturnsAhead
+14.1% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/B 1.35 vs peer median 2.62.
- GrowthStrong
Profit +69.3% a year over 3 years.
- ProfitabilityAverage
ROE 13.1% vs peer median 18.7%.
- Balance sheetSolid
Return on assets 3.65%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹3,605 Cr
- Small cap
- P/E
- 20.0
- Industry 15.5
- Price to book
- 1.35
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- 13.1%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹7.35
- Face value ₹2
- OPM (TTM)
- 32.3%
- Net margin 24.9%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +151.1%
- Latest quarter vs a year ago
- Price to sales
- 3.10
Strengths and risks
Strengths
- Quarterly profit up 151.1% on a year ago.
About Aye Finance
Aye Finance Limited, a non-banking financial company, provides loans to micro, small, and medium enterprises in India. The company offers a range of business loans for working capital and business expansion needs against hypothecation of working assets or against security of property to customers across manufacturing, trading, service, and allied agriculture sectors. It also provides secured and unsecured hypothecation loan; mortgage and emergency credit…
- Headquarters
- Gurugram
- Employees
- 10,346
- Sector
- Financial Services
- ISIN
- INE501X01029
- Website
- ayefin.com
Price range
- Avg volume (3M)
- 13.2 L
- 1-year return
- plus 14.1%
- From 52-week high
- minus 25.4%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.80% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.05% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.99% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.74% | minus 34.4% |
| AYEAye Finance | 147.13 | minus 0.48% | 3,605 | 20.0 | 1.35 | 13.1% | 3.6% | 69.3% | 0.00% | plus 14.1% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.05% | 0.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 389 | 415 | 460 | 472 | 500 | |
| 292 | 305 | 316 | 305 | 323 | |
| 97.1 | 109 | 143 | 167 | 177 | |
| 24.9% | 26.4% | 31.2% | 35.4% | 35.4% | |
| 10.3 | 12.2 | 16.8 | 12.3 | 12.7 | |
| 6.2 | 7 | 8 | 6.2 | 6.4 | |
| −59.5 | −60.6 | −41.4 | −76.3 | −67.3 | |
| 41.7 | 53.8 | 111 | 97.2 | 116 | |
| 17.2% | 20.9% | 22.5% | 23.3% | 25.1% | |
| 34.5 | 42.6 | 85.9 | 74.5 | 86.7 | |
| 1.41 | 1.74 | 3.85 | 3.00 | 3.48 |
Profit & loss
- Profit CAGR 3Y
- +69.3%
- EPS CAGR 3Y
- +81.1%
- ROE
- 13.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 581 | 980 | 1,357 | 1,608 | |
| – | +68.6% | +38.5% | +18.5% | |
| 363 | 556 | 953 | 1,178 | |
| 218 | 424 | 405 | 431 | |
| 37.5% | 43.3% | 29.8% | 26.8% | |
| 25.7 | 31.3 | 209 | 162 | |
| 106 | 115 | 157 | 157 | |
| 11.4 | 14.5 | 22.2 | 26.3 | |
| −55.4 | −97.4 | −209 | −162 | |
| 71.4 | 228 | 225 | 247 | |
| 44.2% | 24.7% | 23.9% | 21.7% | |
| 39.9 | 172 | 171 | 194 | |
| – | +330.6% | minus 0.2% | +13.1% | |
| 1.62 | 6.96 | 6.94 | 9.60 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30.5 | 39.9 | 37.8 | 48.9 | |
| 724 | 1,193 | 1,621 | 2,484 | |
| 2,320 | 3,523 | 4,555 | 5,065 | |
| 51.1 | 114 | 125 | 175 | |
| 3,126 | 4,870 | 6,338 | 7,773 | |
| 26.6 | 30.4 | 38.4 | 57.1 | |
| 68.6 | 46.5 | 91.7 | 193 | |
| 438 | 733 | 1,172 | 1,101 | |
| 2,593 | 4,060 | 5,036 | 6,422 | |
| 3,126 | 4,870 | 6,338 | 7,773 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −720 | −1,323 | −812 | −1,355 | |
| 78.2 | 83 | −38.6 | −125 | |
| 762 | 1,494 | 1,255 | 1,169 | |
| 120 | 254 | 405 | −311 | |
| −4.4 | −11.6 | −16.9 | −11.7 | |
| −725 | −1,334 | −829 | −1,366 |
Shareholding pattern
- Public99.28%
- Employee trusts0.72%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 0.00% | 99.28% | 0.00 | |
| 30 Jun 2026 | 0.00% | 99.27% | 0.00 | |
| 31 Mar 2026 | 0.00% | 99.07% | 0.00 | |
| 13 Feb 2026 | 0.00% | 99.07% | – |
Major shareholders
Filings & events
News
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