Aye Finance Ltd
Incorporated in 1993, Aye Finance Limited is an NBFC offers secured and unsecured small business loans for working capital, including mortgage loans, Property Loans, secured and unsecured hypothecation loans, primarily to micro-scale MSMEs.[1]
- Market Cap ₹ 3,091 Cr.
- Current Price ₹ 125
- High / Low ₹ 162 / 88.2
- Stock P/E 16.0
- Book Value ₹ 103
- Dividend Yield 0.00 %
- ROCE 11.3 %
- ROE 9.24 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 62.9% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.7% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 495 | 432 | 623 | 1,040 | 1,460 | 1,815 | |
| Interest | 236 | 160 | 199 | 329 | 472 | 534 |
| 230 | 341 | 361 | 500 | 786 | 1,056 | |
| Financing Profit | 28 | -69 | 63 | 211 | 202 | 225 |
| Financing Margin % | 6% | -16% | 10% | 20% | 14% | 12% |
| 4 | 12 | 20 | 31 | 45 | 49 | |
| Depreciation | 9 | 10 | 11 | 15 | 22 | 26 |
| Profit before tax | 23 | -67 | 71 | 228 | 225 | 247 |
| Tax % | 27% | -32% | 25% | 29% | 24% | 22% |
| 17 | -46 | 54 | 161 | 171 | 194 | |
| EPS in Rs | 34.97 | -94.65 | 111.35 | 333.57 | 8.93 | 7.85 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 43% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 53% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 12% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 38 | 49 |
| Reserves | 716 | 676 | 738 | 1,196 | 1,621 | 2,484 |
| Borrowing | 1,363 | 1,570 | 2,347 | 3,558 | 4,555 | 5,065 |
| 43 | 66 | 51 | 114 | 125 | 175 | |
| Total Liabilities | 2,127 | 2,316 | 3,140 | 4,873 | 6,338 | 7,773 |
| 27 | 27 | 27 | 32 | 41 | 62 | |
| CWIP | 0 | 0 | 0 | 3 | 4 | 0 |
| Investments | 198 | 155 | 84 | 11 | 42 | 158 |
| 1,902 | 2,134 | 3,028 | 4,828 | 6,252 | 7,553 | |
| Total Assets | 2,127 | 2,316 | 3,140 | 4,873 | 6,338 | 7,773 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 125 | -279 | -720 | -1,323 | -812 | -1,355 | |
| -190 | 46 | 78 | 83 | -39 | -125 | |
| 72 | 207 | 762 | 1,494 | 1,255 | 1,169 | |
| Net Cash Flow | 7 | -27 | 120 | 254 | 405 | -311 |
| Free Cash Flow | 122 | -285 | -724 | -1,334 | -829 | -1,366 |
| CFO/OP | 50% | -306% | -271% | -231% | -110% | -172% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| ROE % | 2% | -7% | 8% | 17% | 12% | 9% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross stage 3 assets (GNPA) % |
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| Assets Under Management (AUM) INR Crore |
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| Number of Branches Number |
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| Number of Customers Number |
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| 30+ days past due (dpd) % |
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| Average Ticket Size INR Lakh |
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| Collection Efficiency % |
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Extracted by Screener AI
Documents
Announcements
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Intimation Regarding Change Of Corporate Identification Number (CIN)
2d - CIN changed from U65921DL1993PLC283660 to L65921DL1993PLC283660 after listing on NSE and BSE.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 May - Q4 FY26 transcript: AUM ₹7,044 crore, FY26 profit ₹194 crore; Gaurav Seth appointed CFO.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 May - Aye Finance appoints Gaurav Seth as CFO, effective May 6, 2026.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 Apr - Annual secretarial compliance report for FY2025-26 notes Rs.1,48,680 BSE fine for delayed results filing.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr
Concalls
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May 2026Transcript PPT REC
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Mar 2026Transcript PPT REC
Business Profile[1]
Aye Finance Limited is a Delhi-based NBFC–Middle Layer (NBFC-ML) focused on lending to micro-scale MSMEs across India. The company provides small-ticket business loans with an average disbursement size of ~₹1.8 lakh, catering to working capital and business expansion needs.