---
title: "NBI Industrial Finance Company Ltd (NBIFIN) — Share Price, Financials & Analysis"
symbol: "NBIFIN"
company: "NBI Industrial Finance Company Ltd"
canonical: "https://tapetide.com/stocks/NBIFIN"
isin: "INE365I01020"
nse_symbol: "NBIFIN"
sector: "Financial Services"
industry: "NBFC"
market_cap_cr: 579.15
generated_at: "2026-09-13T18:59:08.998Z"
---

# NBI Industrial Finance Company Ltd (NBIFIN)

Canonical page: https://tapetide.com/stocks/NBIFIN

## Company

- **NSE Symbol:** NBIFIN
- **ISIN:** INE365I01020
- **Sector:** Financial Services
- **Industry:** NBFC
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2016-11-23
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** nbi-india.co.in

## About

NBI Industrial Finance Co. Ltd. is a  Non-Banking Financial Company(NBFC) registered with the Reserve Bank of India.  The Company is engaged mainly in investment in shares in securities & financial activity.  The Company has long-term orientation in its investments and mainly invests in listed equities.  [1][2]

## Latest Price

- **Price:** ₹2020
- **Change:** +10 (+0.5%)
- **Open:** ₹1960
- **Day High:** ₹2020
- **Day Low:** ₹1960
- **Previous Close:** ₹2010
- **Volume:** 28
- **As Of:** 2026-09-11T09:01:22+00:00

## Key Fundamentals

Observed at 2026-09-11T04:49:20.385219Z.

- **Market Cap:** ₹579.15 Cr
- **Classification:** Microcap
- **P/E (reported):** 42.8
- **P/E (TTM):** 42.97
- **EPS (TTM):** ₹47.01
- **Book Value:** ₹8928.89
- **Price to Book:** 0.23
- **Dividend Yield:** 0.04%
- **ROE:** 0.26%
- **ROCE:** 0.31%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹14 Cr
- **Net Income:** ₹8.5 Cr
- **EBITDA:** ₹10.9 Cr
- **52-Week High:** ₹2991
- **52-Week Low:** ₹1539
- **RSI (14):** 48.15

## Tapetide Score

- **Score:** 56 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Flat
- **Percentile:** 74.1 (of 4473 scored stocks)
- **Confidence:** 82%
- **Data coverage:** 81%

| Pillar | Score | Weight |
| --- | --- | --- |
| growth | 95.41 | 9.89% |
| momentum | 54.41 | 13.19% |
| ownership | 57.78 | 26.37% |
| quality | 51.98 | 24.18% |
| valuation | 42.96 | 26.37% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.23 times its book value
- Company has delivered good profit growth of 50.5% CAGR over last 5 years

### Weaknesses

- Company has a low return on equity of 0.37% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 263.49% | -57.12% | -95.9% |
| ebitda margin growth | 10.13% | -10.51% | -11% | — |
| net income growth | 8.33% | 150% | 33% | 51% |
| revenue growth | 10.47% | 268.42% | 25% | 56% |
| roce | 10.24% | -97.08% | -98.32% | — |
| roe | 7.63% | -97.64% | 9.32% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 0.76 | 1.2 | 8.1 | 0.45 | 6.79 | 0.62 | 6.07 | 0.42 | 8.59 | 9.52 | 1.33 | 2.17 |
| Expenses | 0.54 | 0.49 | 0.85 | 0.76 | 0.84 | 0.69 | 0.83 | 0.71 | 0.68 | 0.8 | 0.97 | 0.67 |
| Financing Profit | 0.22 | 0.71 | 7.25 | -0.31 | 5.95 | -0.07 | 5.24 | -0.29 | 7.91 | 8.72 | 0.36 | 1.5 |
| Financing Margin % | 28.95 | 59.17 | 89.51 | -68.89 | 87.63 | -11.29 | 86.33 | -69.05 | 92.08 | 91.6 | 27.07 | 69.12 |
| Other Income | 0 | 0.01 | 0 | 0 | 0.01 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0.02 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0.22 | 0.72 | 7.25 | -0.31 | 5.96 | -0.03 | 5.24 | -0.29 | 7.91 | 8.72 | 0.36 | 1.52 |
| Tax % | 22.73 | 34.72 | 22.76 | -9.68 | 26.01 | -1200 | 23.28 | 17.24 | 23.77 | 25.57 | 27.78 | 26.97 |
| Net Profit | 0.16 | 0.47 | 5.6 | -0.28 | 4.41 | 0.34 | 4.01 | -0.35 | 6.03 | 6.49 | 0.26 | 1.11 |
| EPS in Rs | 0.65 | 1.91 | 22.79 | -1.14 | 17.95 | 1.38 | 13.57 | -1.18 | 20.41 | 21.96 | 0.88 | 3.76 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue | 6 | 6 | 14 | 2 | 12 | 10 | 17 | 14 | 20 | 22 |
| Expenses | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
| Financing Profit | 4 | 4 | 13 | 1 | 11 | 8 | 15 | 11 | 17 | 18 |
| Financing Margin % | 67 | 70 | 90 | 45 | 89 | 78 | 86 | 78 | 84 | 86 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 4 | 4 | 13 | 1 | 11 | 8 | 15 | 11 | 17 | 19 |
| Tax % | 0 | 3 | 0 | -64 | 27 | 33 | 24 | 22 | 26 | — |
| Net Profit | 4 | 4 | 13 | 2 | 8 | 5 | 11 | 8 | 12 | 14 |
| EPS in Rs | 15.59 | 17.3 | 52.75 | 6.55 | 32.32 | 21.45 | 44.98 | 28.73 | 42.07 | 47.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 106 | 110 | 1708 | 1616 | 2540 | 2137 | 2356 | 2880 | 3307 | 2637 |
| Borrowing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1 | 0 | 0 | 1 | 123 | 64 | 100 | 106 | 205 | 87 |
| Total Liabilities | 108 | 111 | 1710 | 1618 | 2665 | 2202 | 2458 | 2987 | 3513 | 2726 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 92 | 109 | 1704 | 1614 | 2624 | 2195 | 2457 | 2986 | 3512 | 2723 |
| Other Assets | 16 | 2 | 6 | 4 | 41 | 7 | 1 | 1 | 1 | 3 |
| Total Assets | 108 | 111 | 1710 | 1618 | 2665 | 2202 | 2458 | 2987 | 3513 | 2726 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -32 | 13 | -2 | -1 | 0 | 8 | 6 | 7 | 5 | 6 |
| Cash from Investing Activity | 31 | -12 | 3 | -1 | 36 | -39 | -12 | -7 | -5 | -5 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -1 | 1 | 1 | -3 | 36 | -31 | -6 | 0 | 0 | 1 |
| Free Cash Flow | -32 | 13 | -2 | -1 | 0 | 8 | 6 | 7 | 5 | 6 |
| CFO/OP | -13 | 338 | -32 | -10 | 53 | 95 | 102 | 85 | 96 | 86 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ROE % | 121 | 4 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.34% | 74.34% | 74.34% | 74.69% | 74.69% | 74.69% | 74.17% | 74.17% | 74.17% | 74.17% | 74.17% | 74.17% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.17% | 0.17% | 0.17% |
| DIIs | 0.04% | 0.04% | 0.04% | 0.04% | 0.04% | 0% | 2.12% | 2.12% | 2.12% | 2.46% | 2.45% | 2.46% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 15.85% | 15.79% | 15.78% | 15.68% | 15.57% | 7.23% | 6% | 5.99% | 5.97% | 5.99% | 6.08% | 6.08% |
| Others | 9.78% | 9.83% | 9.84% | 9.59% | 9.7% | 18.08% | 17.7% | 17.72% | 17.74% | 17.21% | 17.13% | 17.12% |
| No. of Shareholders | 5909 | 5896 | 5931 | 6102 | 6233 | 2474 | 2520 | 2741 | 2718 | 2679 | 2661 | 2725 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1983.96 | Buy |
| EMA (10) | 1994.89 | Buy |
| SMA (20) | 1990.92 | Buy |
| EMA (20) | 2009.17 | Buy |
| SMA (50) | 2080.16 | Sell |
| EMA (50) | 2027.38 | Sell |
| SMA (100) | 2008.94 | Buy |
| EMA (100) | 2024.51 | Sell |
| SMA (200) | 2021 | Sell |
| EMA (200) | 2081.15 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.17 | Neutral |
| MACD (12,26,9) | -21.65 | Buy |
| Stochastic (14,3,3) | 55.57 | Neutral |
| ADX (14) | 17.58 | Neutral |
| Williams %R (14) | -36.84 | Neutral |
| ATR (14) | 73.05 | High Volatility |
| ROC (12) | 1.51 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 38.3 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-02 | [Reply to Clarification- Financial results](https://nsearchives.nseindia.com/corporate/NBIFIN_19082026125741_NBI_reply_aug2026.pdf) |
| 2026-08-24 | [Change in Management](https://nsearchives.nseindia.com/corporate/NBIFIN_24082026123914_NBI_SPK_reappoint.pdf) |
| 2026-08-21 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_21082026170029_NBI_AGM_Proceedings_2026.pdf) |
| 2026-08-21 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_21082026170631_NBI_Scrutinizer_report.pdf) |
| 2026-08-12 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NBIFIN_12082026114104_NBI_Advt_FS_June2026.pdf) |
| 2026-08-03 | [Demise](https://nsearchives.nseindia.com/corporate/NBIFIN_03082026164904_Demise_of_Ashok_Bhandari.pdf) |
| 2026-07-28 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/NBIFIN_28072026122001_1__NBI_Cover_AGM_2026.pdf) |
| 2026-07-25 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_25072026122715_NBI_Notice_AGM2026.pdf) |
| 2026-07-25 | [Record Date](https://nsearchives.nseindia.com/corporate/NBIFIN_25072026150607_NBI_Covering_AR_202526.pdf) |
| 2026-07-04 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/NBIFIN_04072026152552_NBI_June_2026.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 18 Aug - Exchange has sought clarification from N. B. I. Industrial Finance Company Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI … | [Clarification - Financial Results 18 Aug - Exchange has sought clarification from N. B. I. Industrial Finance Company Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI …](https://www.nseindia.com/get-quotes/equity?symbol=NBIFIN) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_11082026152731_NBI_FS_June26.pdf) |
| 2026-05-22 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_22052026112647_NBI_Outcome_22-05-2026_final.pdf) |
| 2026-05-13 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_13052026152637_NBI_March26_Result.pdf) |
| 2026-01-27 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_27012026142110_NBI_Outcome.pdf) |
| 2025-11-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NBIFIN_11112025152730_NBI_Sept25_Result.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_29998_NBIFIN_2025_2026_A_138963086_25072026115833.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_27043_NBIFIN_2024_2025_A_21072025152534.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24525_NBIFIN_2023_2024_16072024175144.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22468_NBIFIN_2022_2023_21072023095520_07212023100002.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_20302_NBIFIN_2021_2022_09072022153037_07092022160003.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_18947_NBIFIN_2020_2021_27082021132828_08272021193604.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17197_NBIFIN_2019_2020_03092020160217_03092020170002.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_15416_NBIFIN_2018_2019_28082019122204_28082019130003.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13462_NBIFIN_2017_2018_18092018172346.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11454_NBIFIN_2016_2017_19092017115558.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:59:08.998Z.