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Fedbank Financial Services

FEDFINA NSE
₹157.93 +7.55 (+5.02%)
P/E
13.64
View as Markdown
MCP
Close 4 Nov 2026 ₹157.93 +21.25 +15.5% 1Y
Start ₹136.68

Key Fundamentals

MicrocapFinanceFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

Debt to Equity
4.68
EPS (TTM)
₹11.58
Book Value
₹84.35
Market Cap
—
P/E (TTM)
13.64
P/B
1.87
ROE
12.60%
Dividend Yield
0.00%
52W High
₹178.48
52W Low
₹119.07
Day Range
₹149.25 – ₹159.93
Volume
12,26,655
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › NBFC › Non Banking Financial Company (NBFC)

Fedbank Financial Services peer comparison
Bajaj Finance
₹994.0028.53₹6,11,015 Cr5.020.62%18.20%—₹90,331 Cr₹22,067 Cr
Shriram Finance
₹908.7515.19₹2,13,704 Cr1.920.73%16.40%—₹51,877 Cr₹12,688 Cr
Cholamandalam Investment
₹1,658.0024.45₹1,42,243 Cr4.100.12%19.40%—₹32,663 Cr₹5,751 Cr
Tata Capital
₹337.7526.24₹1,41,036 Cr2.930.17%12.40%—₹32,695 Cr₹5,478 Cr
Muthoot Finance
₹2,709.809.57₹1,04,354 Cr2.481.19%30.90%—₹33,431 Cr₹11,457 Cr
L&T Finance
₹263.7020.75₹63,912 Cr2.261.09%11.20%—₹18,898 Cr₹3,198 Cr
SBI Cards
₹553.0023.14₹52,160 Cr3.060.47%14.70%—₹20,063 Cr₹2,275 Cr
Fedbank Financial Services (this company)
₹157.9313.64₹5,699 Cr1.870.00%12.60%—₹2,561 Cr₹434 Cr
Median 8 companies₹730.8821.95₹1,22,695 Cr2.710.54%15.55%—₹32,679 Cr₹5,615 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

53 Average

Data confidence 94/100

Category scores

Quality
34
Poor
Returns, margins, earnings quality 22% weight
Valuation
48
Average
Cheap vs sector & own history 24% weight
Growth
69
Strong
Sales & profit trajectory 9% weight
Financial Health
37
Poor
Solvency, leverage, coverage 9% weight
Momentum
78
Strong
Trend strength, vol-adjusted 12% weight
Ownership
74
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 41.0% CAGR over last 5 years

Weaknesses

4
  • 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.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2611
OscillatorsBearish261
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
57.81
Neutral
MACD (12,26,9)
−0.61
Bullish
SMA (50)
154.04
Bullish
SMA (200)
149.09
Bullish

As of

Analyst Rating

Based on 4 analysts
BUY75%

3 of 4 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
3
75%
HOLD
1
25%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
5Y+26.30%
3Y+23.52%
1Y+7.80%
TTM+20.87%

Net profit

Net profit growth by window
5Y+40.87%
3Y+24.10%
1Y+52.89%
TTM+76.42%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2019₹255 Cr
Mar 2020₹464 Cr
Mar 2021₹692 Cr
Mar 2022₹869 Cr
Mar 2023₹1,180 Cr
Mar 2024₹1,577 Cr
Mar 2025₹2,063 Cr
Mar 2026₹2,224 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2019₹36.00 Cr
Mar 2020₹39.00 Cr
Mar 2021₹62.00 Cr
Mar 2022₹103 Cr
Mar 2023₹180 Cr
Mar 2024₹245 Cr
Mar 2025₹225 Cr
Mar 2026₹344 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EPS
₹13.67 +48.5% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Fedbank Financial Services Ltd is a gold loan-focused NBFC subsidiary of Federal Bank with a market cap of ₹5,703 Cr, trading at a PE of 16.7x and PB of 1.96x. The company has delivered strong 5-year profit CAGR of 41% and 5-year sales CAGR of 26%, though ROE remains modest at 12-13% and no dividends have been paid to shareholders.

Bull Case 7
  • Strong 5-year compounded profit growth of 41% CAGR demonstrates consistent earnings momentum
  • Healthy 5-year compounded sales growth of 26% CAGR indicates robust loan book expansion
  • TTM profit growth of 52% shows accelerating earnings in the most recent period
  • PE ratio of 16.7x is relatively moderate for a financial services company delivering 40%+ profit growth, implying a PEG ratio well below 1
  • ROE has improved from 12% (3-year and 5-year average) to 13% in the last year, showing incremental improvement in capital efficiency
  • Stock has delivered 30% returns over 1 year, reflecting market recognition of improving fundamentals
  • Backed by Federal Bank parentage, providing access to distribution network and brand credibility in the gold loan segment
Bear Case 8
  • No dividend payout despite repeated profitability, indicating retained earnings are not being returned to shareholders
  • Low interest coverage ratio suggests vulnerability to interest rate fluctuations and tight debt servicing margins
  • ROE of only 11.7% over 3 years is below the 15%+ typically expected from well-run NBFCs
  • Potential capitalization of interest costs raises concerns about true profitability and earnings quality
  • TTM sales growth has decelerated sharply to 9% compared to the 3-year CAGR of 24%, indicating a possible slowdown in loan book growth
  • Price-to-book of 1.96x combined with sub-13% ROE implies the stock is not generating sufficient returns on the premium investors pay over book value
  • Zero dividend yield offers no income cushion for investors during periods of price weakness
  • As a gold loan-focused NBFC, concentration risk exists with business performance tied to gold price stability and regulatory stance on gold lending norms

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Fedbank Financial Services shows no material headwinds in recent news flow. The stock benefits from a clean promoter holding structure with nil encumbrance and strong shareholder support for related party dealings with parent Federal Bank. Active institutional engagement through multiple analyst meets and a sizeable block trade suggest sustained investor interest. The near-term outlook appears stable with no negative catalysts on the horizon.

Positives 2
  • Promoter shares fully unencumbered Jun 12

    Federal Bank holds 60.79% stake in Fedbank Financial Services as of March 31, 2026, with nil encumbrance on promoter shares throughout FY26.

  • Near-unanimous shareholder approval Jun 10

    Shareholders approved material related party transactions with Federal Bank for FY27 with 99.97% votes in favour, indicating strong investor alignment.

Neutral 3
  • ₹69 Cr institutional block trade Jun 22

    A block trade of ~44.61 lakh shares was executed at ₹154.55/share worth ₹68.95 crore on NSE/BSE, likely between institutional investors.

  • Multiple investor/analyst meetings Jun 17

    Fedbank Financial held meetings with HDFC Life (Jun 19), Unifi Capital, Bandhan MF (Jun 17), Birla Sunlife AMC (Jun 12), and other investors (Jun 9). No UPSI was shared.

  • Upcoming JM Financial investor meet Jun 16

    Company officials will attend a JM Financial-organized investor meeting in Mumbai on June 23, 2026.

Quarterly Results

₹ Cr
FEDFINA quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue
395
413
408
477
513
530
536
517
535
555
616
670
719
Expenses
144
156
154
184
207
273
210
187
202
215
228
230
238
Financing Profit
84
82
80
91
92
36
111
112
120
132
149
167
193
Fin. Margin %
21%
20%
20%
19%
18%
7%
21%
22%
22%
24%
24%
25%
27%
Other Income
3
16
20
14
6
2
1
1
1
1
1
0
0
Interest
167
176
173
202
214
221
216
218
214
208
239
273
288
Depreciation
9
10
9
11
12
13
13
12
13
14
15
14
15
PBT
77
88
91
94
86
25
99
100
107
118
135
153
178
Tax %
25%
26%
26%
25%
25%
25%
27%
25%
25%
26%
25%
25%
27%
Net Profit
58
65
68
70
65
19
72
75
80
88
101
114
131
EPS (₹)
1.8
1.77
1.83
1.89
1.74
0.5
1.92
2.01
2.14
2.35
2.69
3.05
3.49
Gross NPA %
2.34%
2.19%
1.7%
1.97%
1.87%
1.8%
2.02%
1.99%
1.9%
2.06%
1.87%
1.55%
1.82%
Net NPA %
1.83%
1.66%
1.3%
1.6%
1.47%
1.1%
1.22%
1.24%
1.3%
1.4%
1.28%
0.96%
1.18%

Profit & Loss

₹ Cr
FEDFINA profit and loss, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
255
464
692
869
1,180
1,577
2,063
2,224
2,561
Expenses
83
190
280
359
442
578
873
832
912
Financing Profit
58
74
99
162
266
320
336
513
641
Fin. Margin %
23%
16%
14%
19%
23%
20%
16%
23%
25%
Other Income
0
2
6
14
19
46
17
3
2
Interest
114
201
313
348
472
680
854
879
1,009
Depreciation
8
19
27
37
42
37
49
54
59
PBT
51
56
77
139
243
328
304
461
585
Tax %
29%
30%
20%
26%
26%
25%
26%
25%
—
Net Profit
36
39
62
103
180
245
225
344
434
EPS (₹)
1.57
1.43
2.13
3.22
5.6
6.62
6.04
9.18
11.58
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
FEDFINA balance sheet, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
230
273
290
322
322
369
373
374
375
Reserves
229
418
545
832
1,034
1,891
2,175
2,552
2,790
Borrowing
1,639
3,307
4,453
5,154
7,270
8,340
10,437
13,675
14,811
Other Liabilities
53
88
179
248
445
537
265
274
564
Total Liabilities
2,151
4,086
5,466
6,556
9,071
11,138
13,250
16,875
18,540
Fixed Assets
46
107
133
154
146
146
189
220
245
CWIP
0
0
1
1
1
0
1
2
6
Investments
13
41
32
514
681
751
404
402
799
Other Assets
2,092
3,938
5,300
5,887
8,244
10,241
12,656
16,251
17,491
Total Assets
2,151
4,086
5,466
6,556
9,071
11,138
13,250
16,875
18,540

Cash Flow

₹ Cr
FEDFINA cash flow, annual, ₹ crore
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−445
−1,397
−371
−578
−1,474
−776
−978
−1,664
Investing
−55
−69
−71
−417
−130
−100
329
−31
Financing
495
1,599
825
535
1,632
967
1,187
2,310
Net Cash Flow
−5
133
384
−460
28
92
539
615
Free Cash Flow
−449
−1,416
−382
−605
−1,489
−789
−996
−1,694

Ratios

FEDFINA financial ratios, annual
Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
8%
7%
8%
10%
15%
14%
9%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Fedbank Financial Services insights

59 extracted metrics across FY18–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 60.64%
  • Public 13.99%
  • DIIs 11.88%
  • FIIs 9.69%
  • Others 3.80%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Fedbank Financial Services

What does Fedbank Financial Services Ltd do?
Fedbank Financial Services Limited a subsidiary of The Fedral Bank Limited, provides Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.
Where is Fedbank Financial Services Ltd (FEDFINA) listed?
Fedbank Financial Services Ltd trades as FEDFINA on the NSE and under code 544027 on the BSE.
Which sector does Fedbank Financial Services Ltd belong to?
Fedbank Financial Services Ltd is classified under the Financial Services sector, in the NBFC industry.
What is the PE ratio of Fedbank Financial Services Ltd?
Fedbank Financial Services Ltd trades at a PE ratio of 13.64 as of 4 Nov 2026, on earnings per share of ₹11.58, against a book value of ₹84.35 per share.
What is the 52-week high and low of Fedbank Financial Services Ltd?
Over the last 52 weeks Fedbank Financial Services Ltd has traded between ₹119.07 and ₹178.48 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Fedbank Financial Services Ltd?
Fedbank Financial Services Ltd reported a return on equity of 12.60%. Its debt-to-equity ratio is 4.68.

Company Information

Fedbank Financial Services Limited a subsidiary of The Fedral Bank Limited, provides Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services.

Website fedfina.com
CEO Mr. Parvez Kasim Mulla
Employees 4,568
Listed 30 Nov 2023
Face Value ₹10

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