N.B.I. Industrial Finance Co. Ltd.

•

nbi-india.co.inBSE: -NSE: NBIFIN

Market Cap₹ 597 Cr.

Current Price

High / Low₹ 2,991 / 1,539

Stock P/E43.0

Book Value₹ 8,933

Price to Book0.18

Dividend Yield0.04 %

ROCE0.6 %

ROE0.4 %

Face Value₹ 5

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ABOUT

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 50.4% CAGR over last 5 years
Asset quality is healthy - gross NPA of just 0.0%
Company has delivered good sales growth of 55.8% CAGR over last 5 years
Operating margins have improved to 84.1% from 77.7%
Stock looks reasonably valued - P/E of 43.0 is below its historical median
Company generates healthy free cash flow

CONS

Company has a low return on capital employed of 0.5%
Company has a low return on equity of 0.4% over last 3 years
Equity base is being diluted - shares outstanding up 20.3%
Though reporting repeated profits, the company pays out little dividend (1.8%)
Growth is decelerating - 3Y profit CAGR (33.1%) trails the 5Y trend (50.4%)
Company's return on assets is weak at 0.4%

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

Peer comparison

Financial ServicesFinanceFinance - NBFC

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

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	830.25	155.73	2004.47	227.28	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.	NBIFIN	2020.00	29.38	596.88	0.04	6.49	1824.93	9.52	1428.09	0.56	91.60

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
	5	1	1	8	0	7	1	6	0	9	10	1	2
	0	1	0	1	1	1	1	1	1	1	1	1	1
Operating Profit	5	0	1	7	-0	6	-0	5	-0	8	9	0	1
OPM %	91.06%	28.95%	59.17%	89.51%	-68.89%	87.63%	-11.29%	86.33%	-71.43%	92.08%	91.60%	27.07%	68.89%
Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	5	0	1	7	-0	6	-0	5	-0	8	9	0	2
Tax %	25.25%	27.27%	34.72%	22.76%	9.68%	26.01%	1233.33%	23.28%	-20.00%	23.77%	25.57%	27.78%	27.00%
Net Profit	4	0	0	6	-0	4	0	4	-0	6	6	0	1
	15	1	2	23	-1	18	1	14	-1	20	22	1	0

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	101	6	6	14	2	12	10	13	14	20	22
	1	2	2	1	1	1	2	2	3	3	3
Operating Profit	100	4	4	13	1	11	8	11	11	17	18
OPM %	98.91%	67.06%	69.81%	90.04%	45.58%	88.66%	77.59%	82.60%	77.51%	84.08%	85.54%
	0	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	100	4	4	13	1	11	8	11	11	17	19
Tax %	19.15%	0.04%	3.17%	-0.13%	-64.66%	27.03%	33.08%	26.53%	21.84%	25.56%	24.96%
Net Profit	81	4	4	13	2	8	5	8	8	12	14
EPS	0.00	15.61	17.29	0.00	6.57	32.34	21.46	32.02	28.72	42.06	—
Dividend Payout %	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	1.86%	1.56%	1.74%	1.78%	—

COMPOUNDED SALES GROWTH

10 Years:: 18%
5 Years:: 56%
3 Years:: 25%

COMPOUNDED PROFIT GROWTH

10 Years:: 14%
5 Years:: 50%
3 Years:: 33%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -6%
3 Years:: 3%
1 Year:: -21%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1	1	1	1	1	1	1	1	1	1
	106	110	1,708	1,616	2,540	2,137	2,356	2,337	3,307	2,637
	1	0	0	0	124	66	105	100	211	101
Total Liabilities	108	111	1,710	1,617	2,665	2,204	2,463	2,438	3,519	2,740
	92	109	1,704	1,614	2,624	2,195	2,457	2,426	3,512	2,723
Cash & Bank	1	2	6	3	40	6	1	0	0	2
	15	0	0	1	1	3	5	12	6	15
Total Assets	108	111	1,710	1,617	2,665	2,204	2,463	2,438	3,519	2,740

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-13	13	-1	-1	1	10	8	6	5	6
Cash from Investing	31	-12	3	-1	36	-39	-12	-6	-5	-5
Cash from Financing	0	-0	0	0	0	0	0	-0	-0	-0
	-1	1	1	-3	36	-31	-6	0	0	1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.69	74.69	74.69	74.17	74.17	74.17	74.17	74.17	74.17
	0.10	0.20	0.20	0.17	0.17	0.17	0.17	0.17	0.17
	0.04	0.04	0.00	2.12	2.12	2.12	2.12	2.12	2.13
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.17	25.07	25.11	23.54	23.54	23.54	23.54	23.55	23.54

Documents

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

2026-09-02

Reply to Clarification- Financial results

2026-09-02 - The Exchange had sought clarification from N. B. I. Industrial Finance Company Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-08-24

Change in Management

2026-08-24 - N. B. I. Industrial Finance Company Limited has informed the Exchange about change in Management by way of Special Resolution passed by the members in the AGM held on 21st August, 2026 for Re-appointment of Shri Sundrapandiyapuram Pichumani Kumar as Manager and Chief Financial Officer of the Company for a period of 2 (two) years commencing from 27th September, 2026.

2026-08-21

Shareholders meeting

2026-08-21 - N. B. I. Industrial Finance Company Limited has submitted to the Exchange a copy of the Srutinizers report of Annual General Meeting held on August 21, 2026.

2026-08-21

Shareholders meeting

2026-08-21 - N. B. I. Industrial Finance Company Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2026

2026-08-18

Clarification - Financial Results

2026-08-18 - The Exchange has sought clarification from N. B. I. Industrial Finance Company Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-08-12

Copy of Newspaper Publication

2026-08-12 - N. B. I. Industrial Finance Company Limited has informed the Exchange about Copy of Newspaper Publication for financials of June 2026.

2026-08-11

Outcome of Board Meeting

2026-08-11 - N. B. I. Industrial Finance Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-03

Demise

2026-08-03 - N. B. I. Industrial Finance Company Limited has informed the Exchange regarding Demise of Shri Ashok Bhandari , Chairman of the company on August 03, 2026.

2026-07-28

Copy of Newspaper Publication

2026-07-28 - N. B. I. Industrial Finance Company Limited has informed the Exchange about copy of Newspaper Publication w.r.t. Annual General Meeting 2026.

News

Recent coverage and analyst commentary for NBIFIN

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N.B.I. Industrial Finance Co. Ltd.

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Free 5nance Account

Name

BAJFINANCE

1034.20

31.71

643888.19

0.58

6080.60

27.60

23165.45

20.37

10.87

70.70

SHRIRAMFIN

1028.00

21.37

241893.03

1.05

3452.77

59.90

13400.43

17.46

11.49

74.63

CHOLAFIN

1845.00

27.40

157575.18

0.11

1656.22

45.56

8856.29

21.89

9.70

70.07

TATACAP

362.80

28.50

154003.85

0.16

16281.80

1464.16

88219.30

1051.00

8.66

75.72

JIOFIN

230.00

73.49

151872.26

0.26

830.25

155.73

2004.47

227.28

2.11

69.71

BAJAJHLDNG

11120.70

13.97

123766.17

1.75

2708.08

-92.27

394.33

23.34

14.81

684.72

MUTHOOTFIN

2794.40

9.86

112186.35

1.07

2824.84

43.08

8671.60

36.25

15.87

83.76

ABCAPITAL

398.60

26.59

109118.68

0.00

1223.85

43.85

12179.54

137.84

8.82

41.91

LTF

309.50

24.37

77571.61

0.89

915.99

30.70

5212.92

22.38

8.54

62.13

SBICARD

656.05

27.44

62432.55

0.38

664.44

19.51

5040.55

7.60

11.75

29.83

HDBFS

668.65

25.53

55549.10

0.60

785.20

38.31

4937.90

18.71

9.09

57.98

NBIFIN

2020.00

29.38

596.88

0.04

6.49

1824.93

9.52

1428.09

0.56

91.60

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

Operating Profit

-0

OPM %

91.06%

28.95%

59.17%

89.51%

-68.89%

87.63%

-11.29%

86.33%

-71.43%

92.08%

91.60%

27.07%

68.89%

Other Income

Interest

Depreciation

-0

Tax %

25.25%

27.27%

34.72%

22.76%

9.68%

26.01%

1233.33%

23.28%

-20.00%

23.77%

25.57%

27.78%

27.00%

Net Profit

-0

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

101

Operating Profit

100

OPM %

98.91%

67.06%

69.81%

90.04%

45.58%

88.66%

77.59%

82.60%

77.51%

84.08%

85.54%

Interest

Depreciation

Profit before Tax

100

Tax %

19.15%

0.04%

3.17%

-0.13%

-64.66%

27.03%

33.08%

26.53%

21.84%

25.56%

24.96%

Net Profit

EPS

0.00

15.61

17.29

0.00

6.57

32.34

21.46

32.02

28.72

42.06

—

Dividend Payout %

0.15%

0.00%

1.86%

1.56%

1.74%

1.78%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

106

110

1,708

1,616

2,540

2,137

2,356

2,337

3,307

2,637

124

105

100

211

101

Total Liabilities

108

111

1,710

1,617

2,665

2,204

2,463

2,438

3,519

2,740

109

1,704

1,614

2,624

2,195

2,457

2,426

3,512

2,723

Cash & Bank

Total Assets

108

111

1,710

1,617

2,665

2,204

2,463

2,438

3,519

2,740

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-13

-1

Cash from Investing

-12

-1

-39

-12

-6

-5

Cash from Financing

-0

-1

-3

-31

-6

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.69

74.17

0.10

0.20

0.17

0.04

0.00

2.12

2.13

Government

0.00

25.17

25.07

25.11

23.54

23.55

23.54

N.B.I. Industrial Finance Co. Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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N.B.I. Industrial Finance Co. Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI