Fedbank Financial Services Ltd

•

fedfina.comBSE: 544027NSE: FEDFINA

Market Cap₹ 5,940 Cr.

Current Price

High / Low₹ 178 / 119

Stock P/E15.5

Book Value₹ 81

Price to Book1.21

Dividend Yield0.00 %

ROCE9.9 %

ROE9.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2024 • Retail Finance: 97.5% • Distribution: 2.4% • Whole Sale Finance: 0.1%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 41.9% CAGR over last 5 years
Comfortable capital adequacy - CAR of 21.9%
Solid return on assets for a lender - ROA of 1.8%
Asset quality is healthy - gross NPA of just 2.0%
Latest quarter profit grew 52.5% YoY, showing strong momentum
Company has delivered good sales growth of 35.2% CAGR over last 5 years

CONS

Company has a low return on capital employed of 10.1%
Free cash flow has been persistently negative
Equity base is being diluted - shares outstanding up 15.9%
Thin net interest margin of 0.0%
Operating margins have contracted to 57.1% from 60.2%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	BAJFINANCE	1034.20	31.71	643888.19	0.58	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1028.00	21.37	241893.03	1.05	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	CHOLAFIN	1845.00	27.40	157575.18	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
4.	TATACAP	362.80	28.50	154003.85	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
5.	JIOFIN	230.00	73.49	151872.26	0.26	8302.50	2457.29	20044.70	3172.82	2.11	69.71
6.	BAJAJHLDNG	11120.70	13.97	123766.17	1.75	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2794.40	9.86	112186.35	1.07	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	398.60	26.59	109118.68	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	309.50	24.37	77571.61	0.89	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	656.05	27.44	62432.55	0.38	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	668.65	25.53	55549.10	0.60	785.20	38.31	4937.90	18.71	9.09	57.98
12.	FEDFINA	158.35	15.51	5939.70	0.00	114.38	52.49	669.93	29.68	9.94	65.69

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	361	395	413	408	477	518	530	536	517	535	555	616	670
	124	144	156	154	184	207	273	210	187	202	215	228	517
Operating Profit	238	251	257	253	293	312	257	327	330	334	340	388	440
OPM %	65.81%	63.47%	62.23%	62.20%	61.46%	60.13%	48.47%	60.89%	63.89%	62.34%	61.19%	62.99%	65.69%
Other Income	6	3	16	20	14	1	2	1	1	1	1	1	0
Interest	164	167	176	173	202	214	221	216	218	214	208	239	273
Depreciation	9	9	10	9	11	12	13	13	12	13	14	15	14
	72	77	88	91	94	86	25	99	100	107	118	135	153
Tax %	25.23%	25.35%	25.51%	25.53%	24.99%	25.31%	25.08%	27.37%	25.25%	25.42%	25.68%	25.48%	25.48%
Net Profit	54	58	65	68	70	65	19	72	75	80	88	101	114
	2	2	2	2	2	2	0	2	2	2	2	3	0

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	88	133	197	255	450	692	869	1,179	1,577	2,036	2,377
	42	49	70	96	190	281	360	463	588	873	1,162
Operating Profit	46	83	127	159	260	411	509	716	990	1,162	1,215
OPM %	51.75%	62.88%	64.49%	62.38%	57.70%	59.45%	58.58%	60.75%	62.75%	57.10%	51.11%
	1	2	1	4	17	6	14	41	55	44	3
Interest	25	48	77	112	201	313	348	472	680	854	934
Depreciation	3	2	2	2	19	27	37	42	37	49	56
Profit before Tax	19	35	49	49	56	77	139	243	328	304	514
Tax %	35.03%	36.50%	37.58%	28.92%	30.11%	19.82%	25.68%	25.88%	25.41%	25.87%	25.51%
Net Profit	12	23	31	35	39	62	103	180	245	225	383
EPS	0.64	1.19	1.62	1.71	1.60	2.18	3.31	5.59	6.62	6.04	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 39%
5 Years:: 35%
3 Years:: 33%

COMPOUNDED PROFIT GROWTH

10 Years:: 43%
5 Years:: 42%
3 Years:: 30%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 4%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 11%
3 Years:: 13%
Last Year:: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	190	190	190	230	273	290	322	322	369	373
	18	40	70	232	415	540	825	1,019	1,879	2,167
	399	673	991	1,281	3,231	4,439	5,163	7,410	8,613	10,413
Trade Payables	1	1	2	7	9	4	6	26	12	8
	32	95	224	375	151	173	208	272	262	278
Total Liabilities	639	1,000	1,477	2,125	4,080	5,446	6,524	9,049	11,136	13,239
	4	3	4	6	107	133	154	146	146	189
Capital Work in Progress	0	0	0	0	0	1	1	1	0	0
	0	0	9	13	41	32	514	681	751	404
	0	0	0	0	0	0	0	0	30	19
Cash & Bank	4	5	14	59	217	681	143	95	186	835
	632	992	1,449	2,047	3,714	4,599	5,713	8,128	10,023	11,792
Total Assets	639	1,000	1,477	2,125	4,080	5,446	6,524	9,049	11,136	13,239

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-125	-310	-400	-438	-1,376	-356	-529	-1,417	-776	-978
Cash from Investing	14	-1	-9	-3	-72	-71	-417	-130	-100	329
Cash from Financing	115	322	437	501	1,599	825	535	1,632	967	1,187
	-3	1	9	45	133	384	-460	28	92	539

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.35	61.16	61.04	61.03	60.97	60.88	60.81	60.79	60.67
	0.85	0.63	0.52	0.49	0.77	1.17	0.91	0.66	9.30
	23.43	22.56	21.36	20.81	20.11	19.36	18.17	18.82	10.89
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	14.37	15.64	17.08	17.67	18.14	18.59	20.11	19.73	19.13

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

General Updates

2026-09-07 - Fedbank Financial Services Limited has informed the Exchange about the Communication regarding Company's Annual Report for Financial Year 2025-26

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Fedbank Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Updates

2026-09-04 - Fedbank Financial Services Limited has informed the Exchange regarding 'Business Responsibilty and Sustainability Report for the FY 2025-26'.

2026-09-04

Shareholders meeting

2026-09-04 - Fedbank Financial Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 29, 2026

2026-09-02

ESOP/ESOS/ESPS

2026-09-02 - Fedbank Financial Services Limited has informed the Exchange regarding Allotment of 82977 Shares.

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - Fedbank Financial Services Limited has informed the Exchange about Schedule of meet

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Fedbank Financial Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-28

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-28 - Fedbank Financial Services Limited has informed the Exchange about Schedule of meet

2026-08-25

General Updates

2026-08-25 - Fedbank Financial Services Limited has informed the Exchange about 31st Annual General Meeting to be held on September 29, 2026

News

Recent coverage and analyst commentary for FEDFINA

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