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List of NBFC Stocks in India (2025)

Non-Banking Financial Companies (NBFCs) provide loans, leasing, insurance, and investment products. These stocks represent firms that bridge the financial inclusion gap, especially in underserved and rural markets.

Top NBFC Stocks in 2025

NBFC Stock Screener

NBFC Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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last updated at 6:30 PM IST 
NameStocks (10)↓↓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 Finance6,39,599.546,39,599.541,029.101,029.1038.4438.440.750.75-2.32-2.3214.5114.5152.6952.696.466.4618.9518.955.185.180.540.543.653.652.142.14
2.Cholamandalam Investment and Finance Company LtdCHOLAFINConsumer FinanceConsumer Finance1,41,404.531,41,404.531,675.701,675.7033.1733.170.410.41-3.07-3.0710.7810.7829.6729.675.975.9719.7119.713.033.030.120.127.407.402.602.60
3.Bajaj Holdings and Investment LtdBAJAJHLDNGAsset ManagementAsset Management1,23,736.121,23,736.1211,118.0011,118.0018.9818.98-0.93-0.93-7.13-7.13-17.12-17.124.824.821.701.709.619.618.988.980.840.840.000.003.033.03
4.Aditya Birla Capital LtdABCAPITALDiversified FinancialsDiversified Financials91,379.8091,379.80349.40349.4027.4227.42-0.17-0.174.624.6255.2355.2375.6575.652.822.8210.9310.933.223.22--4.334.332.622.62
5.Central Depository Services (India) LtdCDSLStock Exchanges & RatingsStock Exchanges & Ratings32,108.6732,108.671,536.301,536.3060.9760.97-0.92-0.92-2.36-2.36-9.70-9.70-10.61-10.6117.8017.8031.8131.8137.6637.660.810.810.000.002.932.93
6.CreditAccess Grameen LtdCREDITACCConsumer FinanceConsumer Finance21,549.5321,549.531,347.001,347.0040.5540.550.970.97-5.38-5.3815.1015.1052.2452.243.103.107.867.862.592.59--2.942.943.883.88
7.Arman Financial Services LtdARMANFINConsumer FinanceConsumer Finance1,585.981,585.981,508.601,508.6030.4630.46-2.03-2.03-6.59-6.590.600.6012.2912.291.811.816.176.173.373.37--1.411.413.653.65
8.Consolidated Finvest & Holdings LtdCONSOFINVTAsset ManagementAsset Management521.49521.49161.32161.324.824.820.270.27-12.15-12.15-19.13-19.13-26.46-26.460.510.5111.8011.806.316.310.700.700.000.002.882.88
9.Coral India Finance and Housing LtdCORALFINACReal EstateReal Estate160.28160.2839.7739.779.169.161.431.43-8.22-8.22-12.11-12.11-16.97-16.970.730.738.658.659.219.211.011.010.000.003.543.54
10.Capital Trust LtdCAPTRUSTConsumer FinanceConsumer Finance38.3838.3811.3311.3334.2734.27-2.91-2.91-57.24-57.24-81.71-81.71-84.02-84.020.450.451.381.380.870.87--1.181.185.095.09
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How to Invest in NBFC Stocks?

Investing in NBFC 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 NBFC stocks:

  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 NBFC Stocks: Go to Tickertape Stock Screener and select “NBFC Stocks” that aligns with your investment thesis.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top NBFC 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.

Overview of the Best NBFC Stocks in India

Aditya Birla Capital Ltd

Aditya Birla Capital is a diversified financial services company offering lending, insurance, asset management, and wealth advisory, serving retail and corporate clients under a unified financial solutions umbrella.

Arman Financial Services Ltd

Arman Financial is a specialised NBFC catering to financially underserved segments through microfinance, MSME, and two-wheeler loans, primarily focused on rural and semi-urban India.

Bajaj Holdings and Investment Ltd

Bajaj Holdings is a core investment company of the Bajaj Group, holding strategic stakes in Bajaj Auto, Bajaj Finserv, and other group entities, generating income through dividends and capital appreciation.

Bajaj Finance Ltd

Bajaj Finance is India’s leading NBFC, known for consumer lending, SME loans, and digital finance products, offering a wide suite of financial solutions with strong asset quality and profitability.

Capital Trust Ltd

Capital Trust is a rural-focused NBFC providing income-generating micro and small enterprise loans to underserved populations, combining fintech capabilities with on-ground reach to drive financial inclusion.

What Are NBFC Stocks?

NBFCs are financial institutions that provide services similar to banks—like lending, asset financing, and investments—but cannot accept demand deposits (like current or savings accounts).

They are regulated by the Reserve Bank of India (RBI) under stricter norms since the IL&FS crisis of 2018. Unlike banks, NBFCs rely heavily on market borrowings and bank loans for funding. This makes them agile, niche-focused, and often more innovative—but also more vulnerable to liquidity shocks.

NBFCs’ Role in India’s Economy

NBFCs play a complementary and sometimes superior role to banks, especially in:

  1. Rural & semi-urban financing
  2. MSME credit
  3. Consumer durable loans
  4. Vehicle finance and leasing
  5. Gold loans and microfinance

They account for nearly 20% of India’s total credit and are instrumental in financial inclusion, especially where traditional banks are absent. In the post-COVID years, NBFCs have also benefitted from a revival in consumer demand, strong digital onboarding, and a greater risk appetite compared to PSU banks. With India’s GDP expected to grow at 6.5–7% annually through 2030, credit demand from consumers and businesses is expected to remain robust, making NBFCs central to India’s economic blueprint.

Advantages of Investing in NBFC Stocks

Higher Growth Potential

NBFCs often grow faster than banks by targeting niche segments like gold loans or consumer durables. Bajaj Finance’s 5-year PAT CAGR (2019–2024) of ~30% illustrates this trend.

Better Yields and Margins

NBFCs can price loans higher due to deeper credit penetration, limited competition, and smaller ticket sizes—resulting in higher Net Interest Margins (NIMs).

Financial Inclusion Opportunity

NBFCs are at the forefront of serving first-time borrowers, particularly in Tier-2/3 cities. Their scalable model aligns with India’s rising consumption and rural aspirations.

Asset-Light and Tech-Led Models

Digital-first onboarding, analytics-based underwriting, and partnerships with fintechs (e.g., Paytm, Navi, KreditBee) make NBFCs more agile and tech-driven.

Policy Push

RBI’s efforts to formalise and digitise credit (e.g., Account Aggregator Framework, Public Credit Registry) will likely benefit well-governed NBFCs with clean books.

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Risks of Investing in NBFC Stocks

Asset Quality Deterioration

NBFCs often serve riskier borrower segments, especially in unsecured loans and microfinance. During economic slowdowns or rural stress periods (such as monsoons or elections), NPAs can spike.

Liquidity Risk

NBFCs rely more on short-term borrowings. Any credit market freeze (like post-IL&FS) can cripple funding, especially for smaller NBFCs.

Interest Rate Sensitivity

A rise in interest rates increases borrowing cost for NBFCs. If lending rates don’t rise proportionately, profit margins shrink.

Regulatory Overhang

Stricter RBI norms on capital adequacy, provisioning, and risk-based classification could curtail growth or raise compliance costs.

Concentration Risks

NBFCs with high exposure to a single asset class (e.g., gold, 2-wheelers) or region (e.g., microfinance in eastern India) face heightened default risk in local stress events.

Factors to Consider Before Investing in NBFC Stocks

Asset Quality

Look for companies with Gross NPA < 4%, healthy Provision Coverage Ratio (>60%), and stable delinquency trends across product lines.

Capital Adequacy & Gearing

A CRAR > 18% and debt-to-equity < 4x is generally considered safe for large NBFCs. Smaller NBFCs must maintain capital buffers for volatile markets.

NIM and Spread Sustainability

A steady or improving NIM trend (>6%) shows pricing power and funding efficiency. Check if spread compression is hurting bottom-line growth.

Diversification of Loan Book

Look for companies with broad exposure across geographies and sectors, which reduces event-based risks (e.g., floods, agricultural shocks, regulatory caps).

Funding Mix

Balanced reliance on banks, bonds, securitisation, and retail NCDs suggests a resilient funding strategy.

Tech and Digital Capability

NBFCs that invest in AI-based credit scoring, paperless onboarding, and analytics will have an edge in scaling at a low cost.

To Wrap Up…

NBFCs stand at the crossroads of India’s credit revolution, bridging the gap where traditional banks often hesitate. Their agility, deep regional reach, and specialised lending models have enabled them to cater to underserved segments like MSMEs, rural borrowers, and emerging urban consumers. But this opportunity doesn’t come without risk. Operating in a tightly regulated, interest rate-sensitive, and credit-risk-heavy environment, NBFCs require careful scrutiny.

The key to successful investing in NBFC stocks lies in thoroughly examining NBFC stocks that aligns with your investment thesis. Therefore, with over 200+ filters, you can evaluate NBFC stocks on Tickertape Stock Screener based on various parameters.

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Frequently Asked Questions on NBFC Stocks

  1. What are NBFC Stocks?

    Stocks of Non-Banking Financial Companies that provide credit, investment, and asset financing services outside the traditional banking system.

  2. How to invest in NBFC Stocks?

    Here’s how you can invest in NBFC stocks -
    1. Go to the Tickertape Stock Screener
    2. Select the "NBFC" stocks.
    3. From the NBFC stocks, analyse and sort the NBFC stocks 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 NBFC stocks.

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

  3. What is the future projection of nbfc stocks?

    Based on the latest news and reports, here's the future projection of NBFC Sector -
    1. NBFC credit to reach ₹77 tn by FY28 (~17% CAGR).
    2. Digital lending and MSME financing drive growth.
    3. Credit-to-GDP ratio up from 16% to 26%.
    4. Loan book growth outpaces banks.

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

  4. Do nbfc stocks offer regular dividends?

    Dividend practices among NBFCs vary. Some well-established NBFCs like Bajaj Finance and HDFC Ltd (before its merger) have paid dividends consistently. That said, payout depends on regulatory norms, provisioning needs, and overall financial health.

  5. What are the factors affecting nbfc stocks prices?

    NBFC stock prices are influenced by interest rate trends, credit growth, asset quality (NPA levels), regulatory announcements from RBI, liquidity conditions, and competition from banks and fintechs. Investor sentiment towards financials and macroeconomic health also play important roles.

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.