Aye Finance is an NBFC that lends to micro-enterprises, with Q1 FY27 AUM of ₹7,324 crore and 6.7 lakh active borrowers served through 571 branches across 18 states. Revenue comes from interest on these loans — Q1 FY27 gross total income was ₹490 crore (+22% YoY) and net total income ₹322 crore (+38% YoY). Q1 FY27 disbursements of ₹1,219 crore (+22% YoY) were the strongest ever for a Q1. The portfolio is shifting toward mortgage-backed lending (mortgage share currently 22%, target 30-35% over the medium term) to structurally lower credit costs, with plans to add gold loan and affordable housing products to the offering. Asset quality has improved for six consecutive quarters — GNPA at 4.49% and credit cost at 4.01% — and the India Ratings upgrade to A+ stable is expected to cut incremental borrowing cost by 20-25 bps. The largest cost line itemised in the cost shape is employee expense at 27.3% of revenue, while the company funds itself primarily through NCDs (e.g., ₹220 crore at 9.75% coupon in July 2026) and plans to raise up to ₹4,000 crore via NCDs in FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Micro-enterprise lending. Cyclical, asset-light NBFC focused on micro-enterprise lending (capex 0.6% of revenue)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 1,815 |
| EBITDA (ex other income) | 759 |
| margin % | 41.8 |
| Owners' profit | 194 |
| EPS, as reported (₹) | 9.73 |
| ROE % · ROCE % | 7.6 · — |
| Debt / equity (x) | 0.00 |
| Cash from operations | (1,355) |
| Capex | (12) |
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 443 | 528 | 477 |
| Profit before tax | 54 | 111 | 97 |
| Net profit | 43 | 86 | 75 |
| EPS (₹) | 2.22 | 3.89 | 3.02 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — | — | 75.8 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · Aye Finance AGM 2026: All 6 resolutions passed, borrowing limit raised to 10000 crores | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Aye Finance to host analyst meet at Khopoli branch on September 11 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · 33rd AGM held; resolutions on borrowing hike, NCD issuance tabled | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Alpha Wave India I LP exits entire 7.78 percent stake in Aye Finance via open market sale | ownership changes | high | — | — |
| 28 Aug 2026 · Aye Finance transfers 22,790 shares to ESOP grantees | capital market events | low | — | — |
| 26 Aug 2026 · Update on key managerial personnel contact details for materiality disclosures | compliance | minimal | — | — |
| 26 Aug 2026 · Aye Finance appoints Anuj Jain as Company Secretary and Compliance Officer | management changes | medium | — | — |
| 26 Aug 2026 · Aye Finance appoints Mr. Anuj Jain as Company Secretary and Compliance Officer | management changes | medium | — | — |
| 18 Aug 2026 · AGM Notice and Annual Report FY26 - Dispatch of Letters to Shareholders | compliance | minimal | — | — |
| 11 Aug 2026 · Newspaper publication regarding 33rd AGM notice dispatch | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.6 | 18.2 | 112 of 212 | 47% |
| P/B | 1.7 | 1.1 | 160 of 245 | 35% |
| ROE | 7.7 | 3.0 | 81 of 266 | 70% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 49.0 | 48.6 | 124 of 249 | 50% |
| Market cap | 4418 | 37 | 25 of 260 | 91% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
