{"id":309097,"date":"2026-10-15T09:31:21","date_gmt":"2026-10-15T04:01:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=309097"},"modified":"2026-10-15T09:31:21","modified_gmt":"2026-10-15T04:01:21","slug":"diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/","title":{"rendered":"3 Diversified Lending, Gold Loan and Power Financing Stocks With a Strong Future Roadmap: Tata Capital, Muthoot Finance and REC Limited"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Tata Capital Rs 316.95, P\/E 24.41. Muthoot Finance Rs 2,580.00, P\/E 8.97. REC Rs 311.80, P\/E 4.82. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Diversified lending, gold loan and power financing stocks with the clearest long-term roadmaps today include Tata Capital in retail, SME and corporate lending, Muthoot Finance in gold loans through a large branch network and REC in lending to power generation, transmission, distribution and renewable energy projects. FY26 revenue growth was 11.3% at Tata Capital, 54.3% at Muthoot Finance and 5.7% at REC. P\/E stands at 24.41 for Tata Capital (industry 17.72), 8.97 for Muthoot Finance (industry 17.72) and 4.82 for REC (industry 17.72). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Diversified lending, gold loan and power financing stocks give investors exposure to loans that help households, small firms and power projects. Loan growth, funding costs and asset quality decide how much of that demand turns into profit.<\/p>\n<p>This list covers three diversified lending, gold loan and power financing stocks: Tata Capital for retail, SME and corporate lending, Muthoot Finance for gold loans through a large branch network and REC Limited for lending to power generation, transmission, distribution and renewable energy projects. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#What_Are_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks\" title=\"What Are Diversified Lending, Gold Loan and Power Financing Stocks?\">What Are Diversified Lending, Gold Loan and Power Financing Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_at_a_Glance\" title=\"Diversified Lending, Gold Loan and Power Financing Stocks at a Glance\">Diversified Lending, Gold Loan and Power Financing Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Why_Do_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Diversified Lending, Gold Loan and Power Financing Stocks Have a Strong Roadmap in India?\">Why Do Diversified Lending, Gold Loan and Power Financing Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Tata_Capital_A_Diversified_Loan_Mix_Drives_the_Pipeline\" title=\"Tata Capital: A Diversified Loan Mix Drives the Pipeline\">Tata Capital: A Diversified Loan Mix Drives the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Muthoot_Finance_Gold_Loans_and_a_Wide_Branch_Network_Anchor_the_Roadmap\" title=\"Muthoot Finance: Gold Loans and a Wide Branch Network Anchor the Roadmap\">Muthoot Finance: Gold Loans and a Wide Branch Network Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\" title=\"REC Limited: Power Sector Financing Anchors the Roadmap\">REC Limited: Power Sector Financing Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Best_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_in_India_Tata_Capital_vs_Muthoot_Finance_vs_REC_on_Key_Financials\" title=\"Best Diversified Lending, Gold Loan and Power Financing Stocks in India: Tata Capital vs Muthoot Finance vs REC on Key Financials\">Best Diversified Lending, Gold Loan and Power Financing Stocks in India: Tata Capital vs Muthoot Finance vs REC on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#How_to_Evaluate_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Diversified Lending, Gold Loan and Power Financing Stocks to Buy Before You Invest\">How to Evaluate Diversified Lending, Gold Loan and Power Financing Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Risks_to_Consider_Before_Investing_in_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks\" title=\"Risks to Consider Before Investing in Diversified Lending, Gold Loan and Power Financing Stocks\">Risks to Consider Before Investing in Diversified Lending, Gold Loan and Power Financing Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#FAQs_on_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks\" title=\"FAQs on Diversified Lending, Gold Loan and Power Financing Stocks\">FAQs on Diversified Lending, Gold Loan and Power Financing Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Which_are_the_best_diversified_lending_gold_loan_and_power_financing_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best diversified lending, gold loan and power financing stocks in India with a strong roadmap?\">Which are the best diversified lending, gold loan and power financing stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Is_Tata_Capital_a_good_stock_to_buy_now\" title=\"Is Tata Capital a good stock to buy now?\">Is Tata Capital a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#What_is_the_PE_ratio_of_Tata_Capital_Muthoot_Finance_and_REC\" title=\"What is the P\/E ratio of Tata Capital, Muthoot Finance and REC?\">What is the P\/E ratio of Tata Capital, Muthoot Finance and REC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Which_of_these_diversified_lending_gold_loan_and_power_financing_stocks_has_the_highest_return_on_equity\" title=\"Which of these diversified lending, gold loan and power financing stocks has the highest return on equity?\">Which of these diversified lending, gold loan and power financing stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#What_are_the_risks_of_investing_in_diversified_lending_gold_loan_and_power_financing_stocks\" title=\"What are the risks of investing in diversified lending, gold loan and power financing stocks?\">What are the risks of investing in diversified lending, gold loan and power financing stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#How_did_Tata_Capital_Muthoot_Finance_and_REC_perform_in_Q1_FY27\" title=\"How did Tata Capital, Muthoot Finance and REC perform in Q1 FY27?\">How did Tata Capital, Muthoot Finance and REC perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#Do_diversified_lending_gold_loan_and_power_financing_stocks_pay_dividends\" title=\"Do diversified lending, gold loan and power financing stocks pay dividends?\">Do diversified lending, gold loan and power financing stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/diversified-lending-gold-loan-and-power-financing-stocks-roadmap-lens-list\/#How_can_I_invest_in_diversified_lending_gold_loan_and_power_financing_stocks_in_India\" title=\"How can I invest in diversified lending, gold loan and power financing stocks in India?\">How can I invest in diversified lending, gold loan and power financing stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks\"><\/span><strong>What Are Diversified Lending, Gold Loan and Power Financing Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Diversified lending, gold loan and power financing stocks are shares of companies that lend to households, small businesses and projects. Results depend on loan growth, funding costs and asset quality, so asset quality and funding costs separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_at_a_Glance\"><\/span><strong>Diversified Lending, Gold Loan and Power Financing Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three diversified lending, gold loan and power financing stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/tatacap\/tata-capital-ltd-share-price-today\">Tata Capital<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">316.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">133,756<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.41<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.57%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.15<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/muthootfin\/muthoot-finance-ltd-share-price-today\">Muthoot Finance<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,580.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">102,816<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.97<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28.01%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/recltd\/rec-ltd-share-price-today\">REC Limited<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">311.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">77,364<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.82<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.05<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among lending stocks, Tata Capital trades at a premium to the industry P\/E, while Muthoot Finance and REC trade at a discount.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Diversified Lending, Gold Loan and Power Financing Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Diversified lending, gold loan and power financing stocks have a strong roadmap in India because rising credit demand, gold-backed borrowing and power sector investment keep adding customers for these lenders. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Diversified credit:<\/strong> Retail, SME and corporate loans spread demand.<\/li>\n<li><strong>Gold loans:<\/strong> Households borrow against gold for quick funds.<\/li>\n<li><strong>Power investment:<\/strong> Generation and grid projects need long-term funds.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Capital_A_Diversified_Loan_Mix_Drives_the_Pipeline\"><\/span><strong>Tata Capital: A Diversified Loan Mix Drives the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tata Capital&#8217;s roadmap rests on lending to retail, SME and corporate borrowers across personal, vehicle, home and business loans, with a diversified loan mix supporting growth.<\/p>\n<p>Revenue grew from Rs 10,311.41 crore in FY22 to Rs 31,582.62 crore in FY26, a 206.3% rise, and FY26 revenue was 11.3% higher than FY25. FY26 net profit rose 33.8% to Rs 4,890.91 crore. Over four years, net profit rose from Rs 1,800.81 crore in FY22 to Rs 4,890.91 crore. In Q1 FY27, revenue grew 14.7% to Rs 8,825.38 crore, and net profit rose 56.4% to Rs 1,628.18 crore.<\/p>\n<p>Debt to equity is 5.15 and return on equity is 10.57%. Tata Capital paid a dividend of Rs 0.57 per share for FY26, a yield of 0.18%. At a P\/E of 24.41 against an industry P\/E of 17.72, the stock trades above its industry multiple.<\/p>\n<p>What to watch: The P\/E of 24.41 sits above the industry P\/E of 17.72, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Muthoot_Finance_Gold_Loans_and_a_Wide_Branch_Network_Anchor_the_Roadmap\"><\/span><strong>Muthoot Finance: Gold Loans and a Wide Branch Network Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Muthoot Finance&#8217;s roadmap rests on gold loans delivered through a very large branch network, with housing and microfinance arms, and with gold loan demand and a wide branch reach supporting loan growth.<\/p>\n<p>Revenue grew from Rs 12,238.16 crore in FY22 to Rs 31,263.41 crore in FY26, a 155.5% rise, and FY26 revenue was 54.3% higher than FY25. FY26 net profit was Rs 10,606.87 crore. In Q1 FY27, revenue grew 34.5% to Rs 8,694.81 crore, and net profit rose 43.1% to Rs 2,824.84 crore.<\/p>\n<p>Debt to equity is 4.02 and return on equity is 28.01%. Muthoot Finance paid a dividend of Rs 30 per share for FY26, a yield of 1.17%. At a P\/E of 8.97 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 8.97 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"REC_Limited_Power_Sector_Financing_Anchors_the_Roadmap\"><\/span><strong>REC Limited: Power Sector Financing Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>REC&#8217;s roadmap rests on financing for power and infrastructure projects across generation, transmission and distribution, with the build-out of the power grid supporting loan demand.<\/p>\n<p>Revenue grew from Rs 39,339.20 crore in FY22 to Rs 59,628.35 crore in FY26, a 51.6% rise, and FY26 revenue was 5.7% higher than FY25. FY26 net profit rose 2.7% to Rs 16,308.17 crore. Over four years, net profit rose from Rs 10,035.70 crore in FY22 to Rs 16,308.17 crore.<\/p>\n<p>Debt to equity is 6.05 and return on equity is 19.17%. At a P\/E of 4.82 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 4.82 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_in_India_Tata_Capital_vs_Muthoot_Finance_vs_REC_on_Key_Financials\"><\/span><strong>Best Diversified Lending, Gold Loan and Power Financing Stocks in India: Tata Capital vs Muthoot Finance vs REC on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best diversified lending, gold loan and power financing stocks in India, Tata Capital ranks second on FY26 revenue growth and the lowest debt to equity; Muthoot Finance leads on FY26 revenue growth and return on equity; REC leads on the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Tata Capital<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Muthoot Finance<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">REC<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31,582.62<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31,263.41<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">59,628.35<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">54.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,890.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,606.87<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,308.17<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.57%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28.01%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.17%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">24.41<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.97<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.82<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.15<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.02<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.05<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Lender earnings follow loan growth, funding costs and asset quality, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Diversified Lending, Gold Loan and Power Financing Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen diversified lending, gold loan and power financing stocks and shortlist diversified lending, gold loan and power financing stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which is 17.72 for all three here.<\/li>\n<li>Check loan growth, asset quality and capital adequacy together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these diversified lending, gold loan and power financing stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks\"><\/span><strong>Risks to Consider Before Investing in Diversified Lending, Gold Loan and Power Financing Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Asset quality:<\/strong> A rise in overdue loans can reduce profit.<\/li>\n<li><strong>Funding costs:<\/strong> Changes in borrowing costs can move spreads.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Tata Capital, Muthoot Finance and REC live.<\/em><\/p>\n<p>Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.<\/p>\n<p>Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.<\/p>\n<p>The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three lending stocks cover diversified lending, gold loans and power financing. Tata Capital ranks second on FY26 revenue growth and the lowest debt to equity; Muthoot Finance leads on FY26 revenue growth and return on equity; REC leads on the lowest P\/E.<\/p>\n<p>Across diversified lending, gold loan and power financing stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the diversified lending, gold loan and power financing stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Diversified_Lending_Gold_Loan_and_Power_Financing_Stocks\"><\/span><strong>FAQs on Diversified Lending, Gold Loan and Power Financing Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_diversified_lending_gold_loan_and_power_financing_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best diversified lending, gold loan and power financing stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Capital, Muthoot Finance and REC Limited stand out for their roadmaps in diversified lending, gold loans and power financing. FY26 revenue growth was 11.3% at Tata Capital, 54.3% at Muthoot Finance and 5.7% at REC, and return on equity ranges from 10.57% to 28.01%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Tata_Capital_a_good_stock_to_buy_now\"><\/span><strong>Is Tata Capital a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Capital has a debt to equity ratio of 5.15, a return on equity of 10.57% and a P\/E of 24.41 against an industry P\/E of 17.72. Valuation, asset quality and funding costs move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Tata_Capital_Muthoot_Finance_and_REC\"><\/span><strong>What is the P\/E ratio of Tata Capital, Muthoot Finance and REC?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 24.41 for Tata Capital (industry 17.72), 8.97 for Muthoot Finance (industry 17.72) and 4.82 for REC (industry 17.72). Only Tata Capital trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_diversified_lending_gold_loan_and_power_financing_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these diversified lending, gold loan and power financing stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Muthoot Finance has the highest return on equity at 28.01%, followed by REC Limited at 19.17% and Tata Capital at 10.57%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_diversified_lending_gold_loan_and_power_financing_stocks\"><\/span><strong>What are the risks of investing in diversified lending, gold loan and power financing stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are asset quality, funding costs and quarterly trends. A rise in overdue loans can reduce profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Tata_Capital_Muthoot_Finance_and_REC_perform_in_Q1_FY27\"><\/span><strong>How did Tata Capital, Muthoot Finance and REC perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Capital reported revenue of Rs 8,825.38 crore, up 14.7% year on year, and net profit rose 56.4% to Rs 1,628.18 crore. Muthoot Finance reported revenue of Rs 8,694.81 crore, up 34.5% year on year, and net profit rose 43.1% to Rs 2,824.84 crore. REC Limited reported .<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_diversified_lending_gold_loan_and_power_financing_stocks_pay_dividends\"><\/span><strong>Do diversified lending, gold loan and power financing stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Capital and Muthoot Finance pay dividends. The dividend yield is 0.18% for Tata Capital and 1.17% for Muthoot Finance, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_diversified_lending_gold_loan_and_power_financing_stocks_in_India\"><\/span><strong>How can I invest in diversified lending, gold loan and power financing stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy diversified lending, gold loan and power financing stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best diversified lending, gold loan and power financing stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tata Capital, Muthoot Finance and REC Limited stand out for their roadmaps in diversified lending, gold loans and power financing. FY26 revenue growth was 11.3% at Tata Capital, 54.3% at Muthoot Finance and 5.7% at REC, and return on equity ranges from 10.57% to 28.01%.\"}},{\"@type\":\"Question\",\"name\":\"Is Tata Capital a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tata Capital has a debt to equity ratio of 5.15, a return on equity of 10.57% and a P\/E of 24.41 against an industry P\/E of 17.72. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tata Capital, Muthoot Finance and REC Limited compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":34,"featured_media":309095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[12233,12234,12235,7474,11236,1240],"class_list":["post-309097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-diversified-lending","tag-gold-loan-and-power-financing-stocks","tag-gold-loan-and-power-financing-stocks-to-buy","tag-muthoot-finance","tag-rec-limited","tag-tata-capital"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["309095"],"rank_math_title":["Diversified Lending, Gold Loan and Power Financing Stocks"],"rank_math_description":["Diversified lending, gold loan and power financing stocks with a strong roadmap: Tata Capital, Muthoot Finance and REC compared on growth, valuation and risks."],"rank_math_focus_keyword":["diversified lending, gold loan and power financing stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-diversified-lending-gold-loan-and-power-financing-stocks-with-a-strong-future.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/309097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=309097"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/309097\/revisions"}],"predecessor-version":[{"id":309099,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/309097\/revisions\/309099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/309095"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=309097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=309097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=309097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}