Top NBFC Stocks In India by Market Capitalisation

Best NBFC stocks in India include Muthoot Finance Ltd with a 70.64% 1-year return, Bajaj Holdings and Investment Ltd at 38.67% and Bajaj Finance Ltd at 32.78%, highlighting strong performers in the sector.  

The table below shows the top NBFC stocks in India by market capitalisation and 1-year return.

Stock Name	Close Price ₹	Market Cap (In Cr)	1Y Return %
Bajaj Finance Ltd	8705.40	525694.23	32.78
Bajaj Holdings and Investment Ltd	12068.65	129568.46	38.67
Cholamandalam Investment and Finance Company Ltd	1438.65	115016.23	24.50
Shriram Finance Ltd	606.80	107981.04	27.89
Muthoot Finance Ltd	2208.65	87649.6	70.64
SBI Cards and Payment Services Ltd	856.75	79980.33	17.07
Sundaram Finance Ltd	4567.95	49360.66	8.79
Aditya Birla Capital Ltd	157.67	39707.15	-16.07
Mahindra and Mahindra Financial Services Ltd	281.90	33463.91	-2.46
Tata Investment Corporation Ltd	5972.15	31203.38	-16.32

Introduction To NBFC Stocks In India by Market Cap

Bajaj Finance Ltd

Bajaj Finance Ltd, an NBFC based in India, is involved in lending and deposit-taking activities. The company has a varied lending portfolio catering to retail, SMEs and commercial customers in urban and rural areas of India. 

Its product range includes consumer finance, personal loans, deposits, rural lending, loans against securities, SME lending, commercial lending and partnerships and services. Consumer finance options consist of various offerings such as durable finance, lifestyle finance, EMI cards, two and three-wheeler finance, personal loans and more.  

• Close Price ( ₹ ): 8705.40
• Market Cap ( Cr ): 525694.23
• 1Y Return %: 32.78
• 6M Return %: 26.83
• 1M Return %: 15.38
• 5Y CAGR %: 12.83
• % Away From 52W High: 0.39
• 5Y Avg Net Profit Margin %: 22.56 

Bajaj Holdings and Investment Ltd

Bajaj Holdings & Investment Limited, a company based in India, operates as a primary investment firm that focuses on pursuing new business opportunities. The company’s core strategy revolves around generating income from dividends, interest earnings and capital gains from its investment holdings. 

Its diverse equity portfolio encompasses investments in both listed and unlisted entities, typically holding onto equities for a period of around five years or longer to capitalize on growth potential in both public and private markets. 

• Close Price ( ₹ ): 12068.65
• Market Cap ( Cr ): 129568.46
• 1Y Return %: 38.67
• 6M Return %: 21.48
• 1M Return %: 4.39
• 5Y CAGR %: 28.41
• % Away From 52W High: 9.69
• 5Y Avg Net Profit Margin %: 91.95 

Cholamandalam Investment and Finance Company Ltd

Cholamandalam Investment and Finance Company Limited, an Indian company that specializes in equipment financing, offers a range of financial services to its customers. This includes vehicle finance, home loans, loans against property, small and medium enterprises (SME) loans, consumer and small enterprise loans, secured business and personal loans, insurance agency services, mutual fund distribution and various other financial products. 

The company is divided into segments such as Vehicle Finance, Loan against property, Home Loans and Other loans. The Vehicle Finance Loans segment provides financing for new/used vehicles, tractors and construction equipment, as well as loans to automobile dealers. The Loan against property segment offers loans using immovable property as collateral.  

• Close Price ( ₹ ): 1438.65
• Market Cap ( Cr ): 115016.23
• 1Y Return %: 24.50
• 6M Return %: -0.36
• 1M Return %: 13.04
• 5Y CAGR %: 35.54
• % Away From 52W High: 14.83
• 5Y Avg Net Profit Margin %: 17.37 

Shriram Finance Ltd

Shriram Finance Limited, an Indian company, is a retail non-banking finance company (NBFC) specializing in financing various types of vehicles, equipment, enterprises and personal needs. It also provides fixed deposits and recurring deposits. The company’s subsidiaries comprise Shriram Housing Finance Limited (SHFL) and Shriram Automall India Limited (SAMIL).

• Close Price ( ₹ ): 606.80
• Market Cap ( Cr ): 107981.04
• 1Y Return %: 27.89
• 6M Return %: -6.05
• 1M Return %: 8.80
• 5Y CAGR %: 19.88
• % Away From 52W High: 20.38
• 5Y Avg Net Profit Margin %: 16.71  

Muthoot Finance Ltd

Muthoot Finance Limited, an India-based company, specializes in providing gold-backed financing solutions for both individuals and businesses. The company does not accept deposits and is not a traditional bank, focusing solely on lending activities. 

Muthoot Finance Limited offers various loan schemes such as the Muthoot One Percent Loan, Muthoot Ultimate Loan and others, all secured by gold jewellery. While its primary business revolves around gold loans, the company also provides a wide array of financial products and services including money transfer services, microfinance, home loans, personal loans, corporate loans, foreign exchange services and insurance services.

• Close Price ( ₹ ): 2208.65
• Market Cap ( Cr ): 87649.6
• 1Y Return %: 70.64
• 6M Return %: 11.20
• 1M Return %: 0.34
• 5Y CAGR %: 18.87
• % Away From 52W High: 5.71
• 5Y Avg Net Profit Margin %: 31.34 

SBI Cards and Payment Services Ltd

SBI Cards and Payment Services Limited, an Indian company, specializes in providing credit card services to both individual cardholders and corporate clients. Their offerings include a diverse selection of credit cards such as super premium, premium, travel, shopping, classic, exclusive co-branded and corporate cards. Additionally, the company provides various value-added payment products and services.

• Close Price ( ₹ ): 856.75
• Market Cap ( Cr ): 79980.33
• 1Y Return %: 17.07
• 6M Return %: 16.29
• 1M Return %: 11.42 
• % Away From 52W High: 1.78
• 5Y Avg Net Profit Margin %: 13.36 

Sundaram Finance Ltd

Sundaram Finance Limited, a non-banking finance company based in India, is involved in various financial services and products. These include financing commercial vehicles, cars, construction equipment and housing, along with investments, mutual funds, general insurance, retail distribution, information technology and support services. 

The company operates in segments such as Asset Financing and Others and has subsidiaries like Sundaram Finance Holdings Limited, Sundaram Home Finance Limited and Sundaram Asset Management Company among others.

• Close Price ( ₹ ): 4567.95
• Market Cap ( Cr ): 49360.66
• 1Y Return %: 8.79
• 6M Return %: -0.24
• 1M Return %: -1.05
• 5Y CAGR %: 23.25
• % Away From 52W High: 21.19
• 5Y Avg Net Profit Margin %: 21.02 

Aditya Birla Capital Ltd

Aditya Birla Capital Limited, an investment company based in India, offers a range of financial services through its various subsidiaries. These services include lending as both a non-banking financial institution (NBFC) and a housing finance institution, as well as life and health insurance, asset management, general insurance, stock broking and more. 

The company provides services related to protecting, investing, financing and advisory. Its business segments encompass NBFC, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance and Other Financial Services, which cover general insurance advisory, asset reconstruction and private equity. 

• Close Price ( ₹ ): 157.67
• Market Cap ( Cr ): 39707.15
• 1Y Return %: -16.07
• 6M Return %: -29.22
• 1M Return %: -8.93
• 5Y CAGR %: 14.16
• % Away From 52W High: 56.59
• 5Y Avg Net Profit Margin %: 8.81 

Mahindra and Mahindra Financial Services Ltd

Mahindra & Mahindra Financial Services Limited is a non-banking financial company that offers asset financing services through its extensive branch network. The company’s operations are divided into two main segments: Financing activities and Other reconciling items. 

The Financing activities segment focuses on providing financing and leasing services for a wide range of assets, including automobiles, tractors, commercial vehicles and housing. The Other reconciling items segment offers insurance broking, asset management services and trusteeship services. 

• Close Price ( ₹ ): 281.90
• Market Cap ( Cr ): 33463.91
• 1Y Return %: -2.46
• 6M Return %: -12.00
• 1M Return %: 1.14
• 5Y CAGR %: 5.57
• % Away From 52W High: 21.67
• 5Y Avg Net Profit Margin %: 10.64 

Tata Investment Corporation Ltd

Tata Investment Corporation Limited is an Indian non-banking financial company primarily engaged in long-term investments, including equity shares and equity-related securities. The company focuses on investing in listed and unlisted equity shares, debt instruments, mutual funds and other securities across various industries. 

A subsidiary of Tata Sons Private Limited, Tata Investment Corporation’s primary sources of income are dividends, interest and gains from the sale of long-term investments. The company invests in diverse sectors such as automobiles and auto components, banks, cement, chemicals and fertilizers, engineering, construction and infrastructure.

• Close Price ( ₹ ): 5972.15
• Market Cap ( Cr ): 31203.38
• 1Y Return %: -16.32
• 6M Return %: -19.14
• 1M Return %: 1.59
• 5Y CAGR %: 46.07
• % Away From 52W High: 63.37
• 5Y Avg Net Profit Margin %: 77.88 

What Are NBFC Stocks In India?

NBFC stocks in India refer to shares of Non-Banking Financial Companies (NBFCs) that provide financial services such as loans, asset management, insurance and investment solutions. Leading players like Bajaj Finance, Shriram Finance and Cholamandalam Investment dominate the sector, catering to retail, corporate and SME customers. These companies operate outside the traditional banking framework but are regulated by the Reserve Bank of India (RBI). 

Features Of NBFC Stocks In India by Market Cap

The key features of NBFC stocks in India by market capitalization include their role in financial services, strong credit growth and regulatory oversight. These companies benefit from rising credit demand, diverse financial products and technological advancements in the lending sector.

1. Market Leaders & Industry Share
Top NBFCs like Bajaj Finance, Shriram Finance and Cholamandalam Investment dominate the sector. Their large loan books, diversified portfolios and digital lending platforms make them attractive investment options for long-term stability and growth.

2. High Credit Growth & Loan Disbursement
NBFCs cater to retail loans, vehicle financing, housing credit and MSME lending. Rising consumer borrowing, economic expansion and government-backed financial inclusion initiatives contribute to strong credit growth and revenue generation.

3. Regulatory Oversight & RBI Guidelines
NBFCs are regulated by the Reserve Bank of India (RBI), which enforces capital adequacy norms, risk management policies and lending restrictions. Compliance with RBI regulations ensures financial stability and investor confidence.

4. Interest Rate Sensitivity & Profitability
NBFCs rely on borrowing from banks and capital markets to fund loans. Changes in repo rates, inflation and monetary policies impact borrowing costs, profit margins and overall stock performance.

5. Digital Transformation & Fintech Integration
Many NBFCs leverage AI-driven credit assessments, mobile lending apps and digital payment solutions to expand reach and improve efficiency. Companies with strong technological adoption gain a competitive advantage in the evolving financial sector.

Best NBFC Stocks In India by Market Cap

The table below shows the best NBFC stocks in India by market cap and 6-month return.

Stock Name	Close Price ₹	Market Cap (In Cr)	6M Return %
Bajaj Finance Ltd	8705.40	525694.23	26.83
Bajaj Holdings and Investment Ltd	12068.65	129568.46	21.48
SBI Cards and Payment Services Ltd	856.75	79980.33	16.29
Muthoot Finance Ltd	2208.65	87649.6	11.2
Sundaram Finance Ltd	4567.95	49360.66	-0.24
Cholamandalam Investment and Finance Company Ltd	1438.65	115016.23	-0.36
Shriram Finance Ltd	606.80	107981.04	-6.05
Mahindra and Mahindra Financial Services Ltd	281.90	33463.91	-12.0
Tata Investment Corporation Ltd	5972.15	31203.38	-19.14
Aditya Birla Capital Ltd	157.67	39707.15	-29.22

Top NBFC Stocks by Market Cap

The table below shows the top NBFC stocks by market cap and 1-month return.

Stock Name	Close Price ₹	Market Cap (In Cr)	1M Return %
Bajaj Finance Ltd	8705.40	525694.23	15.38
Cholamandalam Investment and Finance Company Ltd	1438.65	115016.23	13.04
SBI Cards and Payment Services Ltd	856.75	79980.33	11.42
Shriram Finance Ltd	606.80	107981.04	8.8
Bajaj Holdings and Investment Ltd	12068.65	129568.46	4.39
Tata Investment Corporation Ltd	5972.15	31203.38	1.59
Mahindra and Mahindra Financial Services Ltd	281.90	33463.91	1.14
Muthoot Finance Ltd	2208.65	87649.6	0.34
Sundaram Finance Ltd	4567.95	49360.66	-1.05
Aditya Birla Capital Ltd	157.67	39707.15	-8.93

NBFC Stocks In India by Market Cap

The table below shows the NBFC stocks in India by market cap and 5-year average net profit margin.

Stock Name	Close Price ₹	Market Cap (In Cr)	5Y Avg Net Profit Margin %
Bajaj Holdings and Investment Ltd	12068.65	129568.46	91.95
Tata Investment Corporation Ltd	5972.15	31203.38	77.88
Muthoot Finance Ltd	2208.65	87649.6	31.34
Bajaj Finance Ltd	8705.40	525694.23	22.56
Sundaram Finance Ltd	4567.95	49360.66	21.02
Cholamandalam Investment and Finance Company Ltd	1438.65	115016.23	17.37
Shriram Finance Ltd	606.80	107981.04	16.71
SBI Cards and Payment Services Ltd	856.75	79980.33	13.36
Mahindra and Mahindra Financial Services Ltd	281.90	33463.91	10.64
Aditya Birla Capital Ltd	157.67	39707.15	8.81

High Dividend Yield NBFC Stocks In India by Market Cap

The table below shows the high dividend yield NBFC stocks in India by market cap.

Stock Name	Close Price ₹	Market Cap (In Cr)	Dividend Yield %
Mahindra and Mahindra Financial Services Ltd	281.90	33463.91	2.32
Shriram Finance Ltd	606.80	107981.04	1.57
Bajaj Holdings and Investment Ltd	12068.65	129568.46	1.13
Muthoot Finance Ltd	2208.65	87649.6	1.1
Sundaram Finance Ltd	4567.95	49360.66	0.67
Tata Investment Corporation Ltd	5972.15	31203.38	0.45
Bajaj Finance Ltd	8705.40	525694.23	0.42
SBI Cards and Payment Services Ltd	856.75	79980.33	0.3
Cholamandalam Investment and Finance Company Ltd	1438.65	115016.23	0.15

Historical Performance Of NBFC Stocks In India

The table below shows the historical performance of NBFC stocks in India and the 5-year CAGR.

Stock Name	Close Price ₹	Market Cap (In Cr)	5Y CAGR %
Tata Investment Corporation Ltd	5972.15	31203.38	46.07
Cholamandalam Investment and Finance Company Ltd	1438.65	115016.23	35.54
Bajaj Holdings and Investment Ltd	12068.65	129568.46	28.41
Sundaram Finance Ltd	4567.95	49360.66	23.25
Shriram Finance Ltd	606.80	107981.04	19.88
Muthoot Finance Ltd	2208.65	87649.6	18.87
Aditya Birla Capital Ltd	157.67	39707.15	14.16
Bajaj Finance Ltd	8705.40	525694.23	12.83
Mahindra and Mahindra Financial Services Ltd	281.90	33463.91	5.57

Factors To Consider When Investing In NBFC Stocks

The factors to consider when investing in NBFC stocks include evaluating financial performance, loan portfolio quality, regulatory compliance and interest rate impact. Fundamental analysis helps investors assess a company’s profitability, risk exposure and long-term growth potential in the financial services sector.

1. Revenue Growth & Profit Margins
Investors should analyze consistent revenue growth, net interest margins (NIMs) and return on equity (ROE). NBFCs with strong loan disbursements, low cost of funds and diversified lending portfolios tend to deliver better long-term stock performance.

2. Asset Quality & Non-Performing Assets (NPAs)
NBFCs are exposed to loan defaults and credit risks. Evaluating gross NPA ratios, provisioning coverage and loan recovery rates is essential to understanding the financial health and risk management of these companies.

3. Capital Adequacy Ratio (CAR) & Financial Stability
A strong Capital Adequacy Ratio (CAR) ensures that an NBFC has sufficient reserves to handle financial downturns. Companies with higher CARs meet regulatory standards and maintain better resilience during economic fluctuations.

4. Interest Rate Sensitivity & Cost of Borrowing
NBFCs depend on borrowed funds to finance loans, making them vulnerable to RBI’s monetary policies and interest rate changes. Higher borrowing costs can reduce profit margins, impacting stock performance.

5. Regulatory Framework & Compliance
NBFCs operate under RBI regulations, including lending norms and risk management guidelines. Investors must track policy changes, financial audits and compliance levels to assess a company’s ability to adapt and sustain long-term growth.

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Benefits Of Best NBFC Stocks In India

The main advantages of investing in the best NBFC stocks in India include strong credit demand, diversified lending portfolios and financial inclusion growth. These companies benefit from technological advancements, regulatory backing and expanding consumer financing needs, ensuring long-term profitability and stability.

1. High Credit Growth & Consumer Demand
NBFCs cater to personal loans, vehicle financing, MSME lending and housing credit. With rising consumer demand and business expansion, these companies experience consistent loan growth, making them attractive investment options.

2. Diversified Lending Portfolios & Revenue Streams
Top NBFCs operate across retail, corporate and rural financing sectors, reducing dependence on a single business vertical. Their broad lending base ensures revenue stability, even during economic fluctuations.

3. Less Regulatory Constraints than Banks
NBFCs have more flexibility in lending operations compared to traditional banks. With fewer regulatory restrictions on loan approvals and interest rate structures, they enjoy higher margins and faster growth opportunities.

4. Technological Integration & Digital Lending
Many NBFCs leverage AI-driven credit scoring, digital loan platforms and fintech partnerships. Companies investing in automation and mobile banking solutions enhance customer experience, improve efficiency and gain a competitive edge.

5. Long-Term Capital Appreciation & Dividend Potential
Leading NBFCs like Bajaj Finance and Cholamandalam Investment have shown strong capital appreciation over time. Investors benefit from steady stock growth, dividend payouts and rising financial sector inclusion in India’s expanding economy.

Risks Of Investing In NBFC Stocks In India

The main risk of investing in NBFC stocks in India comes from regulatory changes, credit risks and interest rate fluctuations. Investors should carefully assess asset quality, financial stability and loan performance to mitigate risks and ensure sustainable returns.

1. Credit Risk & Non-Performing Assets (NPAs)
NBFCs face higher credit risks as they lend to retail borrowers, SMEs and high-risk segments. Rising NPAs, loan defaults and weak recovery rates can negatively impact profitability and stock performance.

2. Interest Rate Sensitivity & Borrowing Costs
NBFCs rely on borrowed funds from banks and debt markets to finance loans. Changes in RBI’s repo rates, inflation, or monetary policies can increase borrowing costs, reducing profit margins and affecting growth.

3. Regulatory Uncertainty & RBI Guidelines
NBFCs operate under strict RBI regulations, including capital adequacy norms and lending restrictions. Sudden policy changes in liquidity requirements, risk management, or governance norms can impact business operations and profitability.

4. Market Competition from Banks & Fintechs
NBFCs compete with commercial banks and fintech startups offering digital lending solutions. Companies that fail to adopt new technologies or retain market share may face declining growth and profitability.

5. Economic Slowdowns & Liquidity Challenges
During economic downturns, high inflation, or financial crises, NBFCs struggle with lower loan demand and liquidity constraints. Reduced consumer spending and higher default rates can affect revenue growth and stock stability.

Who Should Invest In NBFC Stocks In India?

Investors looking for high-growth financial sector opportunities, exposure to consumer lending and long-term wealth creation should consider NBFC stocks. These stocks suit those willing to navigate interest rate fluctuations, regulatory changes and credit risks while benefiting from expanding financial inclusion.

1. Long-Term Growth Investors
NBFC stocks benefit from rising credit demand, digital lending expansion and financial sector growth. Investors with a long-term perspective can capitalize on the industry’s consistent loan growth and evolving consumer financing trends.

2. Moderate-to-High Risk Investors
NBFC stocks are affected by credit risks, regulatory changes and interest rate fluctuations. Investors comfortable with moderate-to-high-risk exposure can benefit from companies with strong financials and diversified lending portfolios.

3. Dividend & Passive Income Seekers
Many NBFCs, such as Bajaj Finance and Muthoot Finance, offer steady dividend payouts. Investors seeking passive income along with capital appreciation can benefit from these stocks.

4. Fintech & Digital Finance Enthusiasts
Those interested in fintech innovations, digital lending platforms and AI-driven credit solutions should consider NBFC stocks. Companies integrating technology into financial services are well-positioned for future growth. 

FAQs – Best NBFC Stocks In India by Market Cap

Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.