Aye Finance Limited (AYE)

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Aye Finance Limited (AYE) · mywealthgrid

About

Aye Finance is an NBFC in the Financials sector with market cap ₹4,265.2 Cr and quarterly standalone revenues of ₹440–530 Cr. Operating margins of 41–46% indicate a high-margin lending and financing model. The company is 100% publicly held, with institutional investors (FII 15.7%, DII 19.75%) holding 35.5% of shareholding as of June 2026.

Face value: ₹2

Market cap

₹4,030 Cr

P/E

20.8×

P/B

1.6×

Dividend yield

ROE

9.2%

ROCE

—

Debt / equity

1.98

OPM

41.8%

EPS (TTM)

₹7.9

Book value

₹103.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

ROE of 9.24% signals weak capital efficiency for an NBFC; verify asset quality and capital deployment effectiveness
Promoter ownership 0%: verify governance structure, board composition, and management incentive alignment
Earnings volatile: net profit ranged ₹42.6–85.91 Cr over three quarters (Dec 2025–Jun 2026), and revenue fell from ₹528.44 Cr (Mar) to ₹477.37 Cr (Jun)
PE 22.03 on ROE 9.24%: verify whether market's growth expectations are supported by actual capital deployment and loan origination strategy

Generated analysis · source review pending

Growth drivers

Operating margin expanded from 42.76% (Dec 2025) to 46.43% (Jun 2026); verify if driven by volume scaling, cost controls, or pricing power
Operating margin 41.83% generates cash for reinvestment; verify loan origination and AUM growth rates
Profitable all recent quarters (net profit ₹42.6–85.91 Cr); verify capital deployment into loan book expansion

Generated analysis · source review pending

152 historical price candles were omitted because the exchange source has not been verified.

₹163.3+2.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 41.8%
+Profit CAGR of 69.3% over the last 3 years
+Revenue CAGR of 42.8% over the last 3 years

Cons

−Heavily leveraged (debt/equity 2)
−Weak interest coverage of 1.5×

Research score

Structured signal from quality, growth, valuation and momentum.

68/100

Business quality: 30
Growth: 100
Valuation: 72

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	623	1,040	1,460	1,815
Interest	198	327	468	534
Expenses	363	503	790	1,056
Financing profit	63	211	202	225
Financing margin %	10.1%	20.3%	13.8%	12.4%
Other income	20	32	45	49
Depreciation	11	15	22	26
Profit before tax	71	228	225	247
Tax	32	56	54	54
Tax %	44.2%	24.7%	23.9%	21.7%
PAT	40	172	171	194
EPS (₹)	2.6	10.6	9.3	9.7
EPS adjusted (₹)	—	—	9.1	7.9
Annual report	—	—	—	Annual report for Mar 2026

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	30	40	38	49
Reserves	724	1,193	1,621	2,484
	2,296	3,499	4,526	5,018
	75	138	153	223
Total equity & liabilities	3,126	4,870	6,338	7,773
	6	10	14	62
CWIP	—	—	—	0
Investments	84	11	42	158
	3,036	4,849	6,282	7,553
Total assets	3,126	4,870	6,338	7,773

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-720	-1,323	-812	-1,355
	78	83	-39	-125
	762	1,494	1,255	1,169
Net cash flow	120	254	405	-311
Free cash flow	—	—	-829	-1,366
CFO / Operating profit %	-276.1%	-246.2%	-121.2%	-178.4%

Compounded sales growth

7 years: —
5 years: —
3 years: 43%
1 year: 24%

Compounded profit growth

7 years: —
5 years: —
3 years: 69%
1 year: 13%

Return on equity

7 years: —
5 years: —
3 years: 11%
Last year: 8%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—
EBITDA margin %	41.9%	51.7%	45.9%	41.8%
EBIT margin %	40%	50.3%	44.4%	40.4%
PAT margin %	6.4%	16.5%	11.7%	10.7%
Working capital
Receivable days	—	—	—	—
Inventory days	—	—	—	0
Payable days	—	—	—	—
NWC days	—	—	—	—
Leverage
Current ratio	—	—	—	—
Debt to EBITDA	8.8	6.51	6.76	6.61
Debt to equity	3.04	2.84	2.73	1.98
Interest coverage	1.4	1.7	1.5	1.5
Asset turnover	0.2	0.21	0.23	0.23
Return ratios
Return on assets %	1.3%	3.5%	2.7%	2.5%
Return on capital employed %	—	—	—	—
Return on equity %	5.3%	13.9%	10.3%	7.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Dec 2025	Mar 2026	Jun 2026
Promoter	0%	0%	0%
	19.04%	18.66%	15.7%
	18.17%	18.39%	19.75%
Government	0%	0%	0%
	61.86%	62.02%	63.82%
No. of shareholders	41,465	25,687	21,230

Promoter holding up 0 percentage points since Dec 2025.

9 deals · 16 Feb 2026 – 27 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Aug 2026	ALPHA WAVE INDIA I LP	Bulk	BSE	Sell	95,94,302	₹168.19	₹161.37 Cr
27 Aug 2026	ALPHA WAVE INDIA I LP	Bulk	BSE	Sell	95,94,302	₹168.02	₹161.20 Cr
27 Aug 2026	INTEGRATED CORE STRATEGIES (ASIA) PTE LTD	Bulk	BSE	Buy	23,80,960	₹168.00	₹40.00 Cr
27 Aug 2026	SINGULARITY LARGE VALUE FUND III	Bulk	BSE	Buy	14,88,100	₹168.00	₹25.00 Cr
27 Aug 2026	F3 ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	14,59,505	₹169.23	₹24.70 Cr
27 Aug 2026	F3 ADVISORS PRIVATE LIMITED	Bulk	BSE	Sell	74,505	₹173.88	₹1.30 Cr
17 Feb 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Sell	18,41,272	₹138.58	₹25.52 Cr
17 Feb 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Buy	1,61,732	₹139.66	₹2.26 Cr
16 Feb 2026	GOLDMAN SACHS FUNDS GOLDMAN SACHS INDIA EQUITY PORTFOLIO	Bulk	NSE	Buy	16,80,163	₹128.11	₹21.52 Cr

1–9 of 9

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Govinda Rajulu ChintalaNon-Executive - Independent Director-Chairperson
Ms. Kanika Tandon BhalNon-Executive - Independent Director
Ms. Padmaja NairNon-Executive - Independent Director
Mr. Sanjaya GuptaNon-Executive - Independent Director
Mr. Vinay BaijalNon-Executive - Independent Director
Mr. Sanjay SharmaExecutive Director-MD
Mr. Aditya MisraNon-Executive - Non Independent Director
Mr. Gaurav SethChief Financial Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

4.44%

of the company's equity

All mutual funds

5.59%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 3 fund houses

		Shares
BANKING & FINANCIAL SERVICES FUND	Nippon India Mutual Fund	1.09 Cr	194.86	2.46%	4.398%	+14.5 L
IB19-Groww Banking & Financial Services FundNEW	Groww Mutual Fund	85,470	1.53	1.69%	0.035%	—
SMALL CAP FUND	Bank of India Mutual Fund	7,332	0.13	—	0.003%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Annual Report FY2026from bse Summary

Offer and rights documents

Aye Finance Limited — PROSPECTUSListing · 12 Feb 2026

Credit ratings

Pursuant to Regulations 30 & 51 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, an intimation for upgradation in Credit Rating of the Company is attached herewith24 Jun 2026

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results22 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

78 announcementsExport CSV

28 Sept 2026, 5:50 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

16 Sept 2026, 10:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release PDF

16 Sept 2026, 9:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

16 Sept 2026, 11:59 amCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

3 Sept 2026, 7:52 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

3 Sept 2026, 2:56 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

1 Sept 2026, 6:19 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

1 Sept 2026, 10:31 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:50 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 10:07 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release

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Aye Finance Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Board meetings1

Announcements

Annual reports

Offer and rights documents

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1