Fedbank Financial Services
Fedbank Financial Services (FEDFINA) share price was ₹148.19 at the 28 Oct 2026 close; market capitalisation ₹5,559 Cr; P/E (TTM) 12.80; sector Financial Services. The share price rose 3.7% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Sep 2026 quarter, revenue rose 34.4% year on year to ₹719.4 Cr and net profit rose 63.1% year on year to ₹130.8 Cr (compared with Sep 2025). Promoters held 60.64% of Fedbank Financial Services in Sep 2026, down 0.03 percentage points from Jun 2026. Its Tapetide Score is 52/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapFinanceFinancial ServicesPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Standalone · TTM
Peer Comparison
Financial Services › NBFC › Non Banking Financial Company (NBFC)
| ₹917.25 | 26.33 | 5,71,076 Cr | 4.64 | 0.66% | 16.53% | 10.71% | 89,874 Cr | 22,067 Cr | |
| ₹832.55 | 14.74 | 1,95,903 Cr | 1.76 | 0.79% | 15.18% | 11.00% | 51,245 Cr | 11,318 Cr | |
| ₹1,545.20 | 22.79 | 1,32,008 Cr | 4.31 | 0.14% | 17.17% | 9.46% | 33,147 Cr | 5,751 Cr | |
| ₹309.30 | 24.03 | 1,31,294 Cr | 2.94 | 0.19% | 10.38% | 8.56% | 34,329 Cr | 5,478 Cr | |
| ₹2,392.70 | 8.45 | 96,059 Cr | 2.37 | 1.25% | 26.67% | 15.43% | 33,526 Cr | 11,457 Cr | |
| ₹246.50 | 19.39 | 61,782 Cr | 2.11 | 1.14% | 10.64% | 10.11% | 20,742 Cr | 3,198 Cr | |
| ₹527.55 | 22.07 | 50,204 Cr | 2.92 | 0.47% | 13.78% | 18.31% | 21,048 Cr | 2,275 Cr | |
| Fedbank Financial Services (this company) | ₹148.19 | 12.80 | 5,559 Cr | 1.76 | 0.00% | 11.74% | 9.18% | 2,564 Cr | 434 Cr |
| Median 8 companies | ₹680.05 | 20.73 | 1,13,677 Cr | 2.65 | 0.57% | 14.48% | 10.41% | 33,337 Cr | 5,615 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live 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. How it works →
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Category scores
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
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
3 of 4 analysts rate Buy, 1 Hold, 0 Sell.
Updated 28 Oct 2026
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year
AI Analysis — Bull vs Bear
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.
- 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
- 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
- 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.
- ₹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.
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.
Analyst Forecasts
Quarterly Results
| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE % | 8% | 7% | 8% | 10% | 15% | 14% | 9% | 13% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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71 extracted metrics + investor summaries across FY18–FY27.
Documents
Frequently Asked Questions about Fedbank Financial Services
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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.[1]
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