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Top Consumer Finance Stocks in India (2025)

Consumer finance stocks represent companies that provide credit for everyday spending such as personal loans, credit cards, two-wheeler loans, and digital lending. India’s retail credit market crossed ₹82 tn by FY25, expanding at a CAGR of about 15% since FY19, driven by rising household consumption, formalisation of credit, and rapid growth in digital payments.

Top Consumer Finance Stocks in 2025

Consumer Finance Stock Screener

Consumer Finance Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 20 of 98 results

last updated at 6:30 AM IST 
NameStocks (98)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Bajaj Finance LtdBAJFINANCEConsumer FinanceConsumer Finance6,32,265.686,32,265.681,017.301,017.3038.0038.001.081.08-0.94-0.948.598.5942.7642.766.396.3918.9518.955.185.180.550.553.653.652.122.12
2.Jio Financial Services LtdJIOFINConsumer FinanceConsumer Finance1,91,070.731,91,070.73300.75300.75118.49118.490.770.77-2.42-2.421.601.60-11.10-11.101.551.551.231.231.481.480.170.170.030.032.402.40
3.Shriram Finance LtdSHRIRAMFINConsumer FinanceConsumer Finance1,59,539.511,59,539.51848.00848.0016.7016.700.100.101.761.7626.9426.9430.5430.542.832.8318.0018.004.354.351.171.174.154.152.682.68
4.Muthoot Finance LtdMUTHOOTFINConsumer FinanceConsumer Finance1,54,067.541,54,067.543,837.603,837.6028.8928.892.772.7710.3810.3850.2050.2080.3980.395.145.1419.1319.136.816.810.680.683.313.312.562.56
5.Cholamandalam Investment and Finance Company LtdCHOLAFINConsumer FinanceConsumer Finance1,46,459.211,46,459.211,735.601,735.6034.3634.360.940.94-1.74-1.749.739.7329.2329.236.196.1919.7119.713.033.030.110.117.407.402.562.56
6.Tata Capital LtdTATACAPConsumer FinanceConsumer Finance1,37,767.221,37,767.22324.55324.5537.5937.59-0.46-0.460.060.06-1.80-1.80-1.80-1.804.014.0112.4312.432.242.240.110.116.086.081.341.34
7.Bajaj Housing Finance LtdBAJAJHFLConsumer FinanceConsumer Finance79,646.4979,646.4995.6395.6336.8236.82-0.20-0.20-11.08-11.08-22.16-22.16-27.96-27.963.993.9913.4413.442.802.80--4.114.112.012.01
8.L&T Finance LtdLTFConsumer FinanceConsumer Finance76,998.8276,998.82307.85307.8529.1329.132.042.041.041.0463.9263.92108.57108.573.003.0010.7610.763.903.900.890.893.603.602.512.51
9.AU Small Finance Bank LtdAUBANKConsumer FinanceConsumer Finance72,280.4372,280.43968.05968.0534.3234.32-0.51-0.519.239.2324.3224.3263.7863.784.214.2114.1714.178.308.300.100.100.000.002.482.48
10.HDB Financial Services LtdHDBFSConsumer FinanceConsumer Finance63,398.3763,398.37765.75765.7529.1429.14-0.09-0.094.594.59-8.94-8.94-8.94-8.944.014.0114.7214.722.942.940.380.385.525.521.481.48
11.Sundaram Finance LtdSUNDARMFINConsumer FinanceConsumer Finance52,706.0252,706.024,783.204,783.2028.0428.042.012.010.220.22-4.74-4.7411.7611.763.993.9915.4815.483.723.720.740.744.634.633.033.03
12.Mahindra and Mahindra Financial Services LtdM&MFINConsumer FinanceConsumer Finance48,086.8648,086.86346.10346.1021.2621.261.701.707.697.6926.2026.2027.0827.082.232.2310.8910.892.192.191.671.675.525.522.342.34
13.Poonawalla Fincorp LtdPOONAWALLAConsumer FinanceConsumer Finance36,458.2836,458.28451.45451.45-370.74-370.740.490.49-3.44-3.446.786.7826.0226.024.464.46-1.20-1.20-0.56-0.56--3.193.192.712.71
14.Manappuram Finance LtdMANAPPURAMConsumer FinanceConsumer Finance24,343.4624,343.46287.60287.6020.0220.021.571.572.632.636.206.2060.9060.901.961.9610.1210.123.453.451.391.392.902.902.622.62
15.Aadhar Housing Finance LtdAADHARHFCConsumer FinanceConsumer Finance21,207.8521,207.85488.90488.9023.2623.260.450.45-1.16-1.1610.6010.6012.2112.213.333.3316.8516.855.175.17--2.562.562.282.28
16.CreditAccess Grameen LtdCREDITACCConsumer FinanceConsumer Finance20,616.0920,616.091,288.401,288.4038.8038.800.870.87-8.40-8.408.208.2044.1544.152.962.967.867.862.592.59--2.942.943.863.86
17.Capri Global Capital LtdCGCLConsumer FinanceConsumer Finance17,716.1417,716.14184.13184.1337.0237.020.140.14-6.99-6.995.375.37-9.13-9.134.124.1211.7611.763.313.310.090.093.623.623.623.62
18.Five-Star Business Finance LtdFIVESTARConsumer FinanceConsumer Finance16,703.0016,703.00567.10567.1015.5715.57-0.11-0.11-8.91-8.91-27.74-27.74-12.79-12.792.652.6518.6518.6510.0610.060.350.351.261.263.233.23
19.IndoStar Capital Finance LtdINDOSTARConsumer FinanceConsumer Finance3,578.743,578.74242.49242.4929.7029.700.310.31-2.97-2.97-27.51-27.51-23.91-23.910.980.983.513.511.241.24--1.901.903.413.41
20.Paisalo Digital LtdPAISALOConsumer FinanceConsumer Finance3,438.903,438.9037.8137.8117.1917.19-0.18-0.1815.2415.2416.5516.55-34.68-34.682.242.2413.9713.975.815.810.260.262.322.323.403.40
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Consumer Finance | Market Cap: Sorted from Highest to Lowest

Overview of the Consumer Finance Stocks

Bajaj Finance Ltd

Bajaj Finance is India's leading non-banking financial company offering consumer loans, SME financing, and wealth management services. The company operates a diversified loan portfolio spanning consumer durables, personal loans, and digital lending platforms. Its business model relies on an extensive distribution network and digital-first approach, serving millions of customers across urban and semi-urban markets in India's consumer finance sector.

Jio Financial Services Ltd

Jio Financial Services, demerged from Reliance Industries in 2023, is a financial services platform backed by the Reliance ecosystem. The company operates in consumer and merchant lending, insurance distribution, wealth management, and digital financial services. It utilises Reliance's customer base and digital infrastructure to provide financial solutions across urban and rural markets in India.

Shriram Finance Ltd

Shriram Finance is one of India's largest retail NBFCs specialising in commercial vehicle financing, two-wheeler loans, and MSME lending. Formed through the merger of Shriram City Union Finance and Shriram Capital, the company serves predominantly underbanked segments with a presence in rural and semi-urban areas. The business focuses on asset-backed lending, particularly to informal economy borrowers and transport operators.

Muthoot Finance Ltd

Muthoot Finance is India's largest gold loan NBFC, providing secured loans against gold jewellery to individuals and small businesses. With over 5,000 branches across India, the company offers loan disbursements with minimal documentation. The business model centres on gold-backed lending, which provides collateral security and serves customers seeking short-term liquidity across various economic segments.

Cholamandalam Investment and Finance Company Ltd

Cholamandalam Investment and Finance, part of the Murugappa Group, is a vehicle finance company with diversified offerings including home loans, SME financing, and consumer loans. The company operates in commercial vehicle and tractor financing, as well as home equity and business loans. It maintains an extensive branch network across India, serving retail and commercial borrowers.

What are Consumer Finance Stocks?

Consumer finance stocks represent equity investments in companies that provide credit and financial services directly to individual consumers rather than businesses or institutions. These companies enhance consumer spending and purchasing power by offering a range of lending products, including credit cards, personal loans, auto financing, home equity loans, point-of-sale financing, and payday loans.

How to Invest in Consumer Finance Stocks?

Investing in consumer finance stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in the consumer finance stocks in India:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for “consumer finance stocks”: Go to Tickertape Stock Screener and select the Sub-Sector - ‘Consumer Finance’ under Sector - ‘Financials’ to get a consumer finance sector share list.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top consumer finance stocks in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in Consumer Finance Stocks

Steady Demand

People always need credit. They finance cars and homes, pay for everyday expenses with credit cards, and take personal loans for emergencies. This need doesn't disappear, even when the economy struggles. For well-run finance companies, this translates into revenue you can count on.

Economic Recovery

When the economy bounces back, consumer financial stocks in India tend to shine. People feel more confident, employment picks up, wages rise, and they're ready to spend again. They take on more credit for things they want, not just what they need. This pushes up loan volumes and the interest income these companies earn. If you time it right, the upside during these periods can be substantial.

Diversification

Want exposure to financial services without all the baggage of big banks? Consumer finance companies give you that. They stick to consumer lending instead of juggling commercial banking, investment banking, and wealth management. You get a cleaner bet on consumer credit trends.

Dividend Income

Plenty of established consumer finance companies pay dividends regularly. If they've got mature businesses and strong cash flow, they often return money to shareholders through dividends and buybacks. You get income while waiting for the stock price to appreciate.

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Risks of Investing in Consumer Finance Stocks

Credit Risk

Here's the big one: borrowers might not pay back what they owe. When the economy tanks, unemployment rises, or unexpected shocks hit, defaults pile up. Profits shrink, capital erodes. Consumer finance companies walk a tightrope between growing their loan books and maintaining quality. Companies that lend too aggressively when times are good usually pay for it when things turn south.

Economic Sensitivity

These stocks move with the economy, and not in a good way when things go bad. Recessions hit them twice. First, people borrow less because they're nervous about money. Second, more borrowers default because they've lost jobs or seen their incomes drop. This one-two punch hammers earnings and stock prices, making consumer financial stocks in India more volatile than, say, utility companies.

Regulatory and Compliance Risks

Consumer lending rules exist to stop predatory practices. Regulators can change the rules on interest rate caps, lending standards, what companies must disclose, or how they collect debts. Any of these changes can reshape business models overnight and cut into profits. Get caught breaking consumer protection laws? Expect heavy fines, damaged reputation, and restrictions on what you can do.

Interest Rate Sensitivity

Interest rates hit consumer finance companies from multiple angles. When rates go up, their borrowing costs rise. If they can't pass these costs to customers quickly enough, their profit margins shrink. Higher rates also make consumers think twice about taking loans, and those with variable-rate products suddenly face monthly payments they can't afford, pushing up defaults.

Competition and Margin Pressure

The competition is brutal. Traditional banks, fintech startups, peer-to-peer platforms, and non-bank lenders all want the same customers. This leads to price wars, looser lending standards just to get volume, and thinner profit margins. In some lending segments, almost anyone can jump in and compete, which makes things even tougher.

Factors to Consider Before Investing Consumer Finance Stocks

Credit Quality

Everything starts with how well a company evaluates who should get a loan. Companies that stick to consistent standards and don't approve every application tend to weather economic storms better. Look at charge-off rates, delinquency ratios, and loan loss provisions. These numbers tell you whether a company is playing it smart or chasing growth at any cost.

Loan Portfolio Composition

Not all consumer loans are created equal. Subprime auto loans behave very differently from prime credit cards or buy-now-pay-later financing. Each carries its own level of default risk and profitability. Companies that spread their loans across different products, regions, and types of customers usually hold up better when one segment struggles and grow more opportunities when the economy expands.

Net Interest Margin

This is the difference between what a company pays to get money and what it earns lending that money out. This spread determines how profitable the core business is. When margins shrink over time, it usually means competition is heating up, funding is getting expensive, or credit quality is slipping and the company needs bigger reserves. Stable or growing margins signal strength.

Capital Adequacy Levels

Consumer finance companies need enough capital sitting in reserve to absorb losses when the economy turns without stopping their lending operations. Regulatory capital ratios, tangible equity, and how much capital they generate from operations determine how much flexibility they have. Companies with strong capital positions can keep lending when competitors are struggling, potentially grabbing market share.

Conclusion

​​Consumer finance stocks tell the story of how India has shifted toward credit-driven consumption. The retail credit market has crossed ₹82 trillion, with unsecured lending taking up more of the total. The sector moves with changes in income levels, interest rates, employment, and digital adoption. But performance varies widely between companies based on asset quality, funding costs, and how regulations affect them. To track these shifts, you can monitor price movements, loan book growth, and financial ratios through the Tickertape Stock Screener, which consolidates these data points in one dashboard.

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Frequently Asked Questions on Consumer Finance Stocks

  1. What are consumer finance stocks?

    Consumer finance stocks include firms like Bajaj Finance and Muthoot Finance that offer personal loans, EMI-based finance, and gold loans to Indian households.

  2. How to invest in consumer finance stocks?

    Here’s how you can invest in a consumer finance share list:
    1. Go to the Tickertape Stock Screener.
    2. In the 'Financials' sector, select the ‘Consumer Finance’ sub-sector.
    3. Analyse and sort the Consumer finance using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Consumer finance stocks.

    Disclaimer - Please do your own research or consult your financial advisor before investing.

  3. What are some of the top consumer finance companies listed on NSE?

    Top NSE-listed Consumer Finance stocks in India based on market capitalisation include:
    1. Bajaj Finance Ltd
    2. Jio Financial Services Ltd
    3. Cholamandalam Investment and Finance Company Ltd
    4. Shriram Finance Ltd
    5. Bajaj Housing Finance Ltd

    Disclaimer: Please note that the above consumer finance shares list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  4. What are the factors affecting consumer finance prices?

    Loan book growth, NPAs, interest margins, and borrower demand drive consumer finance stock performance.

  5. What is the future projection of consumer finance?

    The housing finance market, valued at around ₹33 tn, is expected to grow at a CAGR of 15-16% between 2024-25 and 2029-30, indicating strong growth in consumer finance.

    Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

  6. How to choose consumer finance for investing?

    You can assess loan portfolio quality, interest margins, regulatory environment, and digital reach.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  7. Do consumer finance offer regular dividends?

    The sector is expanding rapidly with rising credit demand and digital lending. Most established players generate steady income and have a strong record of regular dividend payouts.

    Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.

  8. Is consumer finance a good investment for the long term?

    The consumer finance sector with the consumer finance stock lists is expanding, driven by digital transformation and fintech integration. India's fintech sector has a high adoption rate, significantly above the global average.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.