AYE · NSE
Aye Finance Limited
₹185.72
+2.62% (+₹4.74)
Prev. close
₹180.98
Volume
8,54,592
Delivery %
45.9%
As of
18 Sept 2026
Price history
JM Financial Analysis · JM Financial Institutional Securities · 10 Aug 2026
“Maintained a 'buy' call on Aye Finance, revising the target price to ₹197 from ₹190. The firm values the stock at 1.4 times FY28E BVPS, citing expectations of a 30% AUM CAGR and 53% EPS CAGR over FY26–28E, supported by robust Q1FY27 performance.”
Published mid-session at 13:21 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
2 analyst stances · last 90 days · one per analyst
Trackable
2 · 2 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Maintained a 'buy' call on Aye Finance, raising the target price to ₹220 from ₹180. This implies FY28 PB and PE of 1.6x …” | IIFL Capital AnalysisIIFL Capital | Aye Finance | PENDING | ||||
| “Maintained a 'buy' call on Aye Finance, revising the target price to ₹197 from ₹190. The firm values the stock at 1.4 ti…” | JM Financial AnalysisJM Financial Institutional Securities | Aye Finance | PENDING | ||||
“Maintained a 'buy' call on Aye Finance, revising the target price to ₹197 from ₹190. The firm values the stock at 1.4 times FY28E BVPS, citing expectations of a 30% AUM CAGR and 53% EPS CAGR over FY26–28E, supported by robust Q1FY27 performance.” Rating & targetTrack opinion → This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
Fundamentals
About Aye Finance Limited
Aye Finance Limited, a non-banking financial company, provides loans to micro, small, and medium enterprises in India. The company offers a range of business loans for working capital and business expansion needs against hypothecation of working assets or against security of property to customers across manufacturing, trading, service, and allied agriculture sectors. It also provides secured and unsecured hypothecation loan; mortgage and emergency credit line guarantee scheme loans; shakti loans for women-led micro-enterprises; SwitchPe, a supply chain finance platform designed to empower merchants and retailers by providing seamless access to unsecured credit lines through a digital interface; and Saral Property loans, a combination of property collateral and hypothecation of business assets enabling access to credit despite documentation constraints. Aye Finance Limited was incorporated in 1993 and is based in Gurugram, India.
Details
Sector
Financial Services
Industry
Credit Services
CEO
Mr. Sanjay Sharma
Headquarters
Gurugram
Employees
10,346
Website
ayefin.comExchange
View on NSE ↗Key stats
Market cap
₹4,583.35 Cr
P/E ratio (TTM)
19.1
EPS (TTM)
₹9.72
Shares float
10.01 Cr
EPS · quarter ended Jun 2026
₹3.00
Financial Performance
01 · Financials
FY22 growth needs FY21 filings, which the data source doesn't provide. Net income and EBITDA are omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹581.21 Cr | ₹980.09 Cr | ₹1,357.05 Cr | ₹1,608.42 Cr | |
| EBITDA | — | — | ₹188.47 Cr | ₹357.85 Cr | ₹404.52 Cr | ₹430.85 Cr |
| — | — | ₹39.87 Cr | ₹171.68 Cr | ₹171.27 Cr | ₹193.63 Cr | |
| Diluted EPS | — | — | ₹1.62 | ₹6.96 | ₹6.94 | ₹9.6 |
Revenue, Total expenses (as filed), Employee benefit expense, Other expenses, EBITDA, Net income, Tax provision, Other income, Diluted EPS have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,127.00 Cr | ₹2,316.00 Cr | ₹3,140.00 Cr | ₹4,873.00 Cr | ₹6,338.00 Cr | ₹7,773.00 Cr | |
| — | — | ₹2,320.45 Cr | ₹3,522.62 Cr | ₹4,554.74 Cr | ₹5,065.10 Cr | |
| Stockholders' equity | ₹720.00 Cr | ₹680.00 Cr | ₹742.00 Cr | ₹1,200.00 Cr | ₹1,659.00 Cr | ₹2,533.00 Cr |
Current assets, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated. Inventory shows ₹0 for 2026-03-31 — a real filed figure, not a gap: positively consistent with a filer that holds no physical inventory (typical for lenders and other financial-services companies). 2021-03-31, 2022-03-31, 2023-03-31, 2024-03-31, 2025-03-31 have no Inventory figure at all reaching this deck yet — not verified as zero, not verified as positive — so they are left blank rather than assumed to match the filed zero.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹125.00 Cr | ₹-279.00 Cr | ₹-720.00 Cr | ₹-1,323.00 Cr | ₹-812.00 Cr | ₹-1,355.00 Cr | |
| Investing cash flow | — | — | ₹78.21 Cr | ₹83.04 Cr | ₹-38.59 Cr | ₹-125.36 Cr |
| ₹72.00 Cr | ₹207.00 Cr | ₹762.00 Cr | ₹1,494.00 Cr | ₹1,255.00 Cr | ₹1,169.00 Cr | |
| Capital expenditure | — | — | ₹-4.43 Cr | ₹-11.61 Cr | ₹-16.89 Cr | ₹-11.66 Cr |
| End cash position | — | — | ₹272.63 Cr | ₹526.59 Cr | ₹931.16 Cr | ₹620.38 Cr |
Investing cash flow, Dividends paid, Capital expenditure, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Feb 26–Mar 26(2Q) | Jun 26 |
|---|---|---|
| Promoter | 0.00% | 0.00% |
| Public | 99.07% | 99.27% |
| Employee trusts | 0.93% | 0.73% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Financial Services
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| HDFC Bank Limited | ₹11.27 L Cr | ₹731 | 16.2 | 1.38 | 8.6% | 0.81 | +4.7% | -25.2% |
| ICICI Bank Limited | ₹9.75 L Cr | ₹1,347.6 | 17.6 | 2.69 | 14.9% | 0.57 | +9.1% | -5.0% |
| State Bank of India | ₹9.16 L Cr | ₹996.2 | 10.6 | 1.54 | 14.0% | 1.22 | +9.2% | +16.6% |
| Bajaj Finance Limited | ₹6.31 L Cr | ₹1,040.3 | 31.1 | 5.54 | 16.7% | 3.10 | +19.7% | +4.4% |
| Life Insurance Corporation Of India | ₹5.06 L Cr | ₹407.7 | 8.4 | 2.87 | 32.5% | — | +8.7% | -54.2% |
| Kotak Mahindra Bank Limited | ₹4.08 L Cr | ₹415 | 20.5 | 2.25 | 10.6% | 0.53 | -0.3% | -79.5% |
| Axis Bank Limited | ₹3.86 L Cr | ₹1,240 | 14.0 | 1.80 | 12.3% | 1.30 | +4.0% | +10.1% |
| Bajaj Finserv Limited | ₹2.98 L Cr | ₹1,852.5 | 29.4 | 3.82 | 12.6% | 4.64 | +13.6% | -10.5% |
| Shriram Finance Limited | ₹2.34 L Cr | ₹1,010 | 17.6 | 3.55 | 15.2% | 2.76 | +13.9% | +61.1% |
| SBI Life Insurance Company Limited | ₹1.77 L Cr | ₹1,731 | 68.0 | 9.29 | 12.9% | — | -4.3% | -5.0% |
| ICICI Prudential Asset Management Company Limited | ₹1.53 L Cr | ₹3,098 | 43.8 | 36.57 | 79.1% | — | +23.1% | — |
| Aye Finance Limited | ₹4,405.04 Cr | ₹180.98 | 18.5 | 1.74 | 7.6% | 2.00 | +18.5% | — |
Ranked by market cap within Financial Services, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
2 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Alpha Wave Global Exits Aye Finance With Rs 322 Cr Block Deal
Alpha Wave Global exited Aye Finance by selling its entire 7.78% stake for approximately Rs 322 crore through a block deal. This transaction marks a change in the MSME-focused NBFC's investor holdings. Aye Finance recently reported strong growth in assets under management and net profit.