AYE

Aye Finance share price & financials

Price
₹168.12
Market cap
₹4.1k Cr
Sector
Financial Services
Calls analysed
3
Latest concall · Q1 FY27 · call held 23 Jul 2026

Aye Finance Limited Q1 FY27

AUM ₹7,324 cr +28%NIM 15.9%

What went well

  • Disbursements reached ₹1,219 crores, marking a 22% year-on-year growth, demonstrating strong demand and customer base resilience.
  • Assets Under Management (AUM) grew 28% year-on-year and 4% sequentially to ₹7,324 crores.
  • Profits after tax increased 144% year-on-year to ₹75 crores, extending strong profitability momentum.

What to watch

  • Analyst noted that the guided credit cost of 3.5%-4% remains significantly higher than peers, despite improving asset quality.
Read the full call →

What Aye Finance Limited does

Aye Finance is a Gurugram/New Delhi-headquartered non-banking financial company (NBFC) that provides secured and unsecured business loans to micro, small and medium enterprises (MSMEs) across India, focusing on underserved borrowers such as marginal self-employed workers and unorganised or organised micro-MSMEs in Tier-2 and Tier-3 towns. It earns interest income by originating and holding a book of hypothecation (secured and unsecured) and mortgage/property-backed business loans, all non-consumption in nature. The company sources, underwrites, disburses and collects loans entirely in-house (no direct sales agents), combining AI/ML-based credit scoring with a cluster-based underwriting methodology built on its knowledge of over 70 local business clusters (e.g., grocery, dairy, tailoring, leather goods, power loom).

Segments

  • Secured Hypothecation Loans
  • Unsecured Hypothecation Loans
  • Mortgage Loans
  • Saral Property Loans (SPL)
Branch network
571 branches across 18 states and 3 union territories
Business clusters understood
70+ business clusters (e.g., grocery, dairy, tailoring, leather goods, power loom, jewelry)
Branches by zone
North 180, East 141, West 129, South 121
Customer segments served
4 MSME segments, from marginal wage-earners/self-employed to organised micro-MSMEs
Loan sourcing model
100% in-house origination with no direct sales agents (DSA)
Loan origination process
100% paperless onboarding
Headquarters Gurugram, Haryana (corporate office); registered office in New Delhi Company website

Guidance record · Q1 FY27

what the last two calls moved 21 tracked 1 delivered 5 missed 15 open
  • Hypothecation Approval Rate went quiet said Q3 FY26 Promised: coming back to the 55% approval rate Q1 FY27: Not mentioned in the Q1 FY27 earnings call or materials.
  • PAR X (PAR 1+) revised down said Q4 FY26 Promised: bring down the PAR X to below 6% (5.5% to 6.00%) Q1 FY27: PAR X increased to 7.01%. Management provided a new 'sustainable' target of 6% to 6.5%, which is a dilution of the original FY27 target.
  • AUM CAGR on track said Q3 FY26 Promised: consistent growth of about 30% over next 3 years Q1 FY27: AUM grew 28% YoY, which is within the FY27 guidance of 25-30% and supports the long-term CAGR target.

All 21 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 17.8%, net profit up 138.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue361 409 405 437 443 +23%515 +26%477 +18%
Net profit23 41 31 35 43 +87%86 +110%74 +139%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +39.2% YTD

₹100₹120₹140₹160₹180FebMarAprMayJunJulAugSeptQ3 FY26 — 13 Mar 2026Q4 FY26 — 28 Apr 2026Q1 FY27 — 23 Jul 2026

YTD: ₹128.91 on 16 Feb 2026 → ₹179.46. High ₹189.13 (21 Jul 2026), low ₹90.07 (7 Apr 2026).

How the price took the results

close before → close after

Q1 FY27
−3.6%
23 Jul
Q4 FY26
−2.3%
28 Apr
Q3 FY26
−5.6%
13 Mar

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Year endingFY26
Revenue₹1.8k Cr
Interest₹535 Cr
Depreciation₹26 Cr
Net profit₹195 Cr
Net margin10.8%
ROE9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹38 Cr₹49 Cr
Reserves₹716 Cr₹676 Cr₹738 Cr₹1.2k Cr₹1.6k Cr₹2.5k Cr
Borrowings₹1.4k Cr₹1.6k Cr₹2.3k Cr₹3.6k Cr₹4.6k Cr₹5.1k Cr
Other liabilities₹43 Cr₹66 Cr₹51 Cr₹114 Cr₹125 Cr₹175 Cr
Total liabilities₹2.1k Cr₹2.3k Cr₹3.1k Cr₹4.9k Cr₹6.3k Cr₹7.8k Cr
Fixed assets₹27 Cr₹27 Cr₹27 Cr₹32 Cr₹41 Cr₹62 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹3 Cr₹4 Cr₹0 Cr
Investments₹198 Cr₹155 Cr₹84 Cr₹11 Cr₹42 Cr₹158 Cr
Other assets₹1.9k Cr₹2.1k Cr₹3.0k Cr₹4.8k Cr₹6.3k Cr₹7.6k Cr
Total assets₹2.1k Cr₹2.3k Cr₹3.1k Cr₹4.9k Cr₹6.3k Cr₹7.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Mutual funds in AYE

Filings to Aug 2026

0 new, 1 added, 0 trimmed, 0 sold out — net +14.50 L shares (+15.4%).

Held by funds
₹195 Cr
1 schemes
Biggest holder
Nippon India Banking & Financial Services Fund
₹195 Cr · 2.5% of that fund
SchemeHoldingLast month
Nippon India Banking & Financial Services Fund Nippon India Mutual Fund₹195 Cr+14.50 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

1 added, 0 trimmed — net +14.50 L shares (+15.4%)

Funds are sitting on
+32%
vs est. average cost
Held by funds
₹195 Cr
1 schemes · ≈ 4.4% of the company

Shares held by these funds +2%

Feb '26 94.05 L shares Jul '26

All earnings calls (3)

Read the Q1 FY27 call →

Learn to analyse Aye Finance Limited

Guides on how to read this kind of business and the numbers that matter.