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← CockpitCompetitor Analysis › AYE.NS Aye Finance LimitedOpen in the cockpit ↗

Aye Finance LimitedAYE.NSCompetitor analysis, valuation and peers

India · INR·Financials›Finance/Rental/Leasing
Momentum neutral 40
Mkt cap
$385M
US dollars, full cap
Free float
33%
of shares outstanding
$/day
$1.77M
20-day average traded
P/B
1.33×
price to book
ROE
13.1%
delivered
Implied ROE
30.9%
what the price asks
Next earnings
117 days
3 Mar 2027
Close · INR₹147.13
1D-0.5%
1W+14.1%
1M-12.2%
3M-11.7%
6M+3.8%
YTDn/a
1Yn/a
ATR %5.5%
52w lowhigh25.4% off high

What Aye Finance does

Employees: 10,346

Aye Finance at a glance

Size Aye Finance (AYE.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $385M, the 957th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹147.13 on 6 Nov 2026.

Performance Over six months the shares gained 3.8%, against -2.9% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 19 in its peer set.

Growth Revenue grew 22.1% over the last twelve months (peer median +7.8%); the operating margin is 35.5% (peer median 24.4%).

Valuation It trades at 1.33× book value against a peer median of 1.31× (10th most expensive of 20).

Price implies The share price implies a return on equity of about 30.9%; Aye Finance delivers 13.1%, so the price asks more than the business earns today.

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 98AYE.NS 98
Six months, rebased to 100: Aye Finance against the median of its 20 peers (local-currency closes).

Aye Finance financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹19.8B₹17.2B₹15.0B₹10.7B₹6.29B
Revenue growth—+15%+39%+71%—
Gross profit₹14.0B₹16.5B₹14.5B₹10.4B₹6.07B
EBITDA₹7.31B₹8.56B₹7.80B₹6.33B₹3.45B
Net income₹2.90B₹1.94B₹1.71B₹1.61B₹538M
Free cash flown/a₹5.15B₹4.23B₹3.29B₹1.14B
Capital expendituren/a₹117M₹169M₹116M₹44.3M
Total debt₹59.0B₹50.7B₹45.5B₹35.2B₹23.2B

Quarterly statements and history in the cockpit →

Aye Finance competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%0%+20%23939619AIZDCDOV82399991ENITYBETRWSBFCCAPSANGHVIMOVDLCG0412ASAIAYE.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Aye Finance is the large dot.

Fundamentals: return on equity against price-to-book

-200%-100%0%00×500×1000×23939619DOV8239BETRASAIAYE.NSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Aye Finance is the large dot.

Capital: ROE delivered against the ROE the price implies

0%500%1,000%0%500%1,000%239396198239BETRAYE.NSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Aye Finance is the large dot.

Aye Finance competitors and peer comparison

How Aye Finance compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Aye Finance against its 20 peers (data as of 6 Nov 2026)
MeasureAYE.NSPeer medianRank in peer set
1-month return-12.2%+0.1%3rd lowest of 21
6-month return+3.8%-2.9%9th highest of 19
Return on equity13.1%8.7%6th highest of 17
Price / book1.33×1.31×10th most expensive of 20
Trailing P/E12.1×11.5×5th most expensive of 12
ROE the price implies30.9%8.2%5th most demanding of 20
ROE delivered13.1%8.7%5th highest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Aye Finance AYE.NSIndia$385M+4%+22%13%1.33×30.9%13.1%
Nippon Care Supply 2393.TJapan$385M+76%+10%14%3.28×9.9%13.5%
Ichinen 9619.TJapan$381M+19%+6%18%0.77×4.8%17.6%
Atrium Mortgage Investment AI.TOCanada$390M-7%-11%9%1.03×8.0%9.1%
Zedcor ZDC.VCanada$390M-19%+71%-1%5.69×27.7%-1.2%
doValue DOV.MIItaly$381M-16%+9%-15%2.23×27.8%-14.8%
Capital Finance 8239.HKHong Kong$380M+111%+31%-76%133.31×990.3%-75.7%
GECOSS 9991.TJapan$376M+9%+5%9%0.83×6.1%8.8%
Enity ENITY.STSweden$401M+13%n/a9%0.67×3.8%9.2%
Better Home & Finance BETRUnited States$366M-34%+41%-224%6.31×68.0%-224.0%
Waterstone Financial WSBFUnited States$357M+6%+5%9%1.02×8.8%8.7%
BFF Bank BFF.MIItaly$417M-21%-18%2%0.47×8.2%2.3%
Crescent Capital BDC CCAPUnited States$346M-31%-29%0%0.53×5.6%-0.5%
KRAKacquisition KRAQUnited States$432M+1%n/an/a1.31×7.4%n/a
Sanghvi Movers SANGHVIMOV.NSIndia$343M+11%+30%15%2.47×34.6%n/a
Inflection Point Acquisition Corp. VI IPFXUnited States$343Mn/an/an/a1.41×7.7%n/a
China Aircraft Leasing 1848.HKHong Kong$340M-11%+19%8%0.57×6.3%8.4%
Idea Acquisition IACOUnited States$438Mn/an/an/a1.28×7.3%n/a
Dominion Lending Centres, Inc. (Canada) DLCG.TOCanada$439M-17%+4%16%4.44×31.0%16.2%
Shandong Hi-Speed 0412.HKHong Kong$334M-65%-15%n/an/an/an/a
ASA International ASAI.LUnited Kingdom$332M+28%+25%45%1.69×30.5%44.9%

Questions

Which companies are Aye Finance's closest peers?
The cockpit's peer set: Nippon Care Supply (2393.T), Ichinen (9619.T), Atrium Mortgage Investment (AI.TO), Zedcor (ZDC.V), doValue (DOV.MI), Capital Finance (8239.HK), GECOSS (9991.T), Enity (ENITY.ST).
Is Aye Finance expensive compared with its peers?
On price / book it trades at 1.33× against a peer median of 1.31×, 10th most expensive of 20 in its peer set. The share price implies a return on equity of about 30.9%; Aye Finance delivers 13.1%, so the price asks more than the business earns today.
How has Aye Finance stock performed?
Over six months to 6 Nov 2026 the shares returned +3.8% against -2.9% for the median peer.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.