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 ₹ 3,300 Cr.
- Current Price ₹ 134
- High / Low ₹ 198 / 88.2
- Stock P/E 11.4
- Book Value ₹ 109
- Dividend Yield 0.00 %
- ROCE 11.4 %
- 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.
Peer comparison
Financial Services Financial Services Finance Non Banking Financial Company (NBFC)
Part of BSE IPO BSE Financial Services Nifty IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 495 | 432 | 623 | 1,040 | 1,460 | 1,815 | 1,950 | |
| Interest | 236 | 160 | 199 | 329 | 472 | 539 | 550 |
| 230 | 341 | 361 | 500 | 786 | 1,051 | 1,048 | |
| Financing Profit | 28 | -69 | 63 | 211 | 202 | 225 | 351 |
| Financing Margin % | 6% | -16% | 10% | 20% | 14% | 12% | 18% |
| 4 | 12 | 20 | 31 | 45 | 48 | 54 | |
| Depreciation | 9 | 10 | 11 | 15 | 22 | 26 | 28 |
| Profit before tax | 23 | -67 | 71 | 228 | 225 | 247 | 378 |
| Tax % | 27% | -32% | 25% | 29% | 24% | 22% | |
| 17 | -46 | 54 | 161 | 171 | 194 | 290 | |
| EPS in Rs | 6.98 | -18.89 | 22.23 | 66.58 | 8.93 | 7.85 | 12.23 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 43% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 53% |
| TTM: | 125% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 38 | 49 | 49 |
| Reserves | 716 | 676 | 738 | 1,196 | 1,621 | 2,484 | 2,646 |
| Borrowing | 1,363 | 1,570 | 2,347 | 3,558 | 4,555 | 5,065 | 5,905 |
| 43 | 66 | 51 | 114 | 125 | 175 | 174 | |
| Total Liabilities | 2,127 | 2,316 | 3,140 | 4,873 | 6,338 | 7,773 | 8,774 |
| 27 | 27 | 27 | 32 | 41 | 62 | 61 | |
| CWIP | 0 | 0 | 0 | 3 | 4 | 0 | 0 |
| Investments | 198 | 155 | 84 | 11 | 42 | 158 | 223 |
| 1,902 | 2,134 | 3,028 | 4,828 | 6,252 | 7,553 | 8,489 | |
| Total Assets | 2,127 | 2,316 | 3,140 | 4,873 | 6,338 | 7,773 | 8,774 |
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 |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| ROE % | 2% | -7% | 8% | 17% | 12% | 9% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Number of Branches Count |
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| PAR X (0+ DPD, Portfolio at Risk) % of AUM |
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| Average Ticket Size on Disbursement Rs. Lakhs |
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| Number of Active Customers (Unique Borrowers) Count |
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| Disbursements Rs. Crores |
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| Mortgage Loans share of AUM % of AUM |
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| Number of Employees Count |
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| Collection Efficiency (Non-OD) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Pursuant to Regulation 30 of SEBI Listing Regulations, 2015, Investor Presentation for the quarter & year to date ended September 30, 2026 is attached herewith
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Statement Of Deviation & Variation For The Quarter Ended September 30, 2026
- Aye Finance reported no deviation in use of ₹710 crore IPO proceeds for quarter ended September 30, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Aye Finance reported Q2FY27 PAT of ₹86.7 crore, up 151% YoY; AUM reached ₹7,597 crore.
- Unaudited Financial Results For The Quarter & Year To Date Ended September 30, 2026
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Board Meeting Outcome for Financial Results For Quarter & Year To Date Ended September 30, 2026
- Board approved Q2 FY27 results; profit rose to Rs 86.72 crore, with one NCD covenant breach disclosed.
Concalls
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Oct 2026PPT REC
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Jul 2026Transcript PPT REC
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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.