{"id":312960,"date":"2026-10-16T10:41:33","date_gmt":"2026-10-16T05:11:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=312960"},"modified":"2026-10-16T10:41:33","modified_gmt":"2026-10-16T05:11:33","slug":"largecap-nbfc-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/largecap-nbfc-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Largecap NBFC Stocks to Watch for Future Multibagger Potential: Bajaj Finance, Shriram Finance and Cholamandalam"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Bajaj Finance Rs 970.50. Shriram Finance Rs 947.65. Cholamandalam Rs 1,587.20. Market caps from Rs 1.35 lakh crore to Rs 6.03 lakh crore. Data as of 16 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;\">Bajaj Finance, Shriram Finance and Cholamandalam are the 3 picks in this NBFC stocks watchlist, with market caps between Rs 1.35 lakh crore and Rs 6.03 lakh crore. Bajaj Finance stands out for the largest market cap at Rs 6,02,984 crore, while Shriram Finance offers the fastest profit growth, 38.64% a year since FY22. PE ratios run from 19.73 to 29.21, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.<\/p>\n<\/p><\/div>\n<p>NBFC stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Bajaj Finance, Shriram Finance and Cholamandalam meet that test, with market caps from Rs 1.35 lakh crore to Rs 6.03 lakh crore and Bajaj Finance offering the largest market cap at Rs 6,02,984 crore. Credit demand from consumers, small businesses and vehicle buyers is growing, and large NBFCs reach customers that banks serve less easily.<\/p>\n<p>This list covers India&#8217;s largest listed NBFCs with complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening NBFC stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=nbfc-stocks\"><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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#What_Are_NBFC_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are NBFC Stocks and Why Do They Attract Multibagger Interest?\">What Are NBFC Stocks and Why Do They Attract Multibagger Interest?<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#NBFC_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\" title=\"NBFC Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book\">NBFC Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Bajaj_Finance_2878_Profit_CAGR_Since_FY22\" title=\"Bajaj Finance: 28.78% Profit CAGR Since FY22\">Bajaj Finance: 28.78% Profit CAGR Since FY22<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Shriram_Finance_3864_Profit_CAGR_Since_FY22\" title=\"Shriram Finance: 38.64% Profit CAGR Since FY22\">Shriram Finance: 38.64% Profit CAGR Since FY22<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Cholamandalam_2475_Profit_CAGR_Since_FY22\" title=\"Cholamandalam: 24.75% Profit CAGR Since FY22\">Cholamandalam: 24.75% Profit CAGR Since FY22<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#NBFC_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"NBFC Stocks: Financial Comparison on Growth and Margins\">NBFC Stocks: Financial Comparison on Growth and Margins<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_Bajaj_Finance_Shriram_Finance_and_Cholamandalam\" title=\"Institutional Holding in Bajaj Finance, Shriram Finance and Cholamandalam\">Institutional Holding in Bajaj Finance, Shriram Finance and Cholamandalam<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_NBFC_Stocks\" title=\"Risks to Weigh in NBFC Stocks\">Risks to Weigh in NBFC Stocks<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_NBFC_Stocks\" title=\"How to Choose Between NBFC Stocks\">How to Choose Between NBFC 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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_NBFC_Stocks_to_Watch\" title=\"Frequently Asked Questions on NBFC Stocks to Watch\">Frequently Asked Questions on NBFC Stocks to Watch<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Which_are_the_best_NBFC_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best NBFC stocks to watch for multibagger potential?\">Which are the best NBFC stocks to watch for multibagger potential?<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Is_Cholamandalam_a_good_stock_for_long-term_investors\" title=\"Is Cholamandalam a good stock for long-term investors?\">Is Cholamandalam a good stock for long-term investors?<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Can_Shriram_Finance_become_a_multibagger_from_here\" title=\"Can Shriram Finance become a multibagger from here?\">Can Shriram Finance become a multibagger from here?<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Bajaj_Finance_Shriram_Finance_and_Cholamandalam\" title=\"What is the market cap of Bajaj Finance, Shriram Finance and Cholamandalam?\">What is the market cap of Bajaj Finance, Shriram Finance and Cholamandalam?<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_NBFC_stocks\" title=\"What are the risks of investing in NBFC stocks?\">What are the risks of investing in NBFC 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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#Why_is_Bajaj_Finance_trading_at_a_PE_of_2921\" title=\"Why is Bajaj Finance trading at a PE of 29.21?\">Why is Bajaj Finance trading at a PE of 29.21?<\/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\/largecap-nbfc-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Bajaj_Finance_Shriram_Finance_and_Cholamandalam\" title=\"How much do institutions hold in Bajaj Finance, Shriram Finance and Cholamandalam?\">How much do institutions hold in Bajaj Finance, Shriram Finance and Cholamandalam?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_NBFC_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are NBFC Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NBFC stocks are listed non-banking lenders that give consumer loans, vehicle finance, small business loans and mortgages. They earn the spread between what they charge borrowers and what they pay for funds, so growth in loan assets drives profit.<\/p>\n<p>Rising credit penetration, digital underwriting and strong collection systems support loan growth. Lenders with a record of steady asset quality, a diversified funding mix and high returns on equity are the ones investors favour in NBFC stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NBFC_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\"><\/span><strong>NBFC Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are as of 16 October 2026, mid-session. Shriram Finance has the lowest PE of the group at 19.73, while Cholamandalam posts the highest return on equity at 17.18%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Price to Book<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/bajfinance\/bajaj-finance-ltd-share-price-today\">Bajaj Finance<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">970.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6,02,984<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">29.21<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.68<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.68%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.29<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">787.90 to 1,176.40<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/shriramfin\/shriram-finance-ltd-share-price-today\">Shriram Finance<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">947.65<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,23,308<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.73<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.68<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.21%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.12<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">662.25 to 1,153.70<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/cholafin\/cholamandalam-investment-and-finance-company-ltd-share-price-today\">Cholamandalam Investment and Finance<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,587.20<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,35,393<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.54<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.68<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.18%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.42<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,299.40 to 1,952.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Bajaj_Finance_2878_Profit_CAGR_Since_FY22\"><\/span><strong>Bajaj Finance: 28.78% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bajaj Finance is a large NBFC offering consumer, SME, commercial and mortgage loans along with deposits and payment services. It reported FY26 total income of Rs 81,989.50 crore, up 19.09% year on year, and net profit of Rs 19,332.36 crore, up 15.21%. Net profit has compounded at 28.78% a year since FY22, while total income has grown 26.88% a year.<\/p>\n<p>In the June 2026 quarter, total income rose 18.63% to Rs 23,166.42 crore and net profit grew 27.60% to Rs 6,080.60 crore. Domestic institutions raised their holding from 14.47% in September 2025 to 17.05% in September 2026. The stock trades at a PE of 29.21 against an industry PE of 17.68, with a return on equity of 16.68%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shriram_Finance_3864_Profit_CAGR_Since_FY22\"><\/span><strong>Shriram Finance: 38.64% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shriram Finance is a major NBFC focused on commercial vehicle, small business and personal loans. It reported FY26 total income of Rs 48,192.65 crore, up 15.13% year on year, and net profit of Rs 10,004.20 crore, up 6.16%. Net profit has compounded at 38.64% a year since FY22, while total income has grown 25.75% a year.<\/p>\n<p>The stock trades at a PE of 19.73 against an industry PE of 17.68, with a return on equity of 15.21%. In the June 2026 quarter, total income rose 16.26% to Rs 13,418.74 crore and net profit grew 59.95% to Rs 3,447.26 crore. The share price has gained 239.61% over five years and 40.91% over the past year. Domestic institutions raised their holding from 18.66% in September 2025 to 19.90% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cholamandalam_2475_Profit_CAGR_Since_FY22\"><\/span><strong>Cholamandalam: 24.75% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cholamandalam Investment and Finance, part of the Murugappa Group, offers vehicle finance, home loans and loans against property. It reported FY26 total income of Rs 31,538.73 crore, up 20.60% year on year, and net profit of Rs 5,228.88 crore, up 22.74%. Net profit has compounded at 24.75% a year since FY22, while total income has grown 32.50% a year.<\/p>\n<p>In the June 2026 quarter, total income rose 21.81% to Rs 8,956.68 crore and net profit grew 45.56% to Rs 1,656.22 crore. The share price has gained 165.09% over five years. Domestic institutions raised their holding from 16.06% in June 2025 to 20.62% in June 2026. The stock trades at a PE of 23.54 against an industry PE of 17.68, with a return on equity of 17.18%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NBFC_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>NBFC Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these NBFC stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Total Income (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Income Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Income CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Bajaj Finance<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">81,989.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19,332.36<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.09%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">26.88%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.78%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Shriram Finance<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">48,192.65<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10,004.20<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.13%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.75%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">38.64%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Cholamandalam<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">31,538.73<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5,228.88<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.60%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.50%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.75%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these NBFC stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Bajaj_Finance_Shriram_Finance_and_Cholamandalam\"><\/span><strong>Institutional Holding in Bajaj Finance, Shriram Finance and Cholamandalam<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these NBFC stocks alongside the promoter. The table uses the latest reported quarter for each. Shriram Finance has the deepest institutional backing, with FII and DII together holding 74.67% as of June 2026. Domestic institutions increased their holding over the past year in Bajaj Finance (from 14.47% to 17.05%), Shriram Finance (from 18.66% to 19.90%) and Cholamandalam (from 16.06% to 20.62%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Bajaj Finance<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">54.67%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.79%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.05%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.49%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Shriram Finance<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.30%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">54.77%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.90%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.04%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Cholamandalam<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">49.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.45%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.62%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.70%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_NBFC_Stocks\"><\/span><strong>Risks to Weigh in NBFC Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with NBFC stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Asset quality and credit costs can change with the economic cycle, so loan books need tracking.<\/li>\n<li>Borrowing costs and RBI rules on NBFC lending influence margins and growth.<\/li>\n<li><strong>Valuation:<\/strong> Bajaj Finance trades at a PE of 29.21 against an industry PE of 17.68, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_NBFC_Stocks\"><\/span><strong>How to Choose Between NBFC Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from NBFC stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.<\/li>\n<li>Compare each PE with the industry PE (17.68) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track assets under management growth, net interest margin and asset quality alongside price to book.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\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 Bajaj Finance, Shriram Finance and Cholamandalam live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among NBFC stocks, Bajaj Finance stands out for the largest market cap at Rs 6,02,984 crore, Shriram Finance for the fastest profit growth, 38.64% a year since FY22 and Cholamandalam for the highest return on equity at 17.18%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing NBFC stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/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=\"Frequently_Asked_Questions_on_NBFC_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on NBFC Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_NBFC_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best NBFC stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bajaj Finance, Shriram Finance and Cholamandalam are the 3 names this list highlights, with market caps of Rs 6,02,984 crore, Rs 2,23,308 crore and Rs 1,35,393 crore respectively. Bajaj Finance is notable for the largest market cap at Rs 6,02,984 crore. Shriram Finance stands out for the fastest profit growth, 38.64% a year since FY22. Cholamandalam offers the highest return on equity at 17.18%. These are watchlist names for NBFC stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Cholamandalam_a_good_stock_for_long-term_investors\"><\/span><strong>Is Cholamandalam a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cholamandalam has a return on equity of 17.18%, a PE of 23.54 against an industry PE of 17.68 and a market cap of Rs 1,35,393 crore. Net profit has compounded at 24.75% a year since FY22, and FY26 revenue rose 20.60% while June 2026 quarter net profit grew 45.56%. Long-term returns in NBFC stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Shriram_Finance_become_a_multibagger_from_here\"><\/span><strong>Can Shriram Finance become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shriram Finance has already gained 239.61% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in NBFC stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 38.64% a year since FY22, and FY26 revenue rose 15.13%. At a PE of 19.73 against an industry PE of 17.68, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Bajaj_Finance_Shriram_Finance_and_Cholamandalam\"><\/span><strong>What is the market cap of Bajaj Finance, Shriram Finance and Cholamandalam?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 16 October 2026, Bajaj Finance has a market cap of Rs 6,02,984 crore, Shriram Finance has a market cap of Rs 2,23,308 crore and Cholamandalam has a market cap of Rs 1,35,393 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on NBFC stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_NBFC_stocks\"><\/span><strong>What are the risks of investing in NBFC stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are asset quality, funding costs and regulation. Loan defaults can rise when the economy slows, and higher borrowing costs narrow spreads for a time. Lenders with diversified products and strong collections handle these cycles better. Bajaj Finance trades at a PE of 29.21 against an industry PE of 17.68, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Bajaj_Finance_trading_at_a_PE_of_2921\"><\/span><strong>Why is Bajaj Finance trading at a PE of 29.21?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bajaj Finance&#8217;s PE of 29.21 compares with an industry PE of 17.68. The market is paying a premium for a return on equity of 16.68%, profit growth of 28.78% a year since FY22 and latest-quarter profit growth of 27.60%, which also means the stock is more sensitive if growth slows. Investors in NBFC stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_Bajaj_Finance_Shriram_Finance_and_Cholamandalam\"><\/span><strong>How much do institutions hold in Bajaj Finance, Shriram Finance and Cholamandalam?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 36.84% of Bajaj Finance (19.79% and 17.05%), 74.67% of Shriram Finance (54.77% and 19.90%) and 45.07% of Cholamandalam (24.45% and 20.62%). Rising institutional holding is a useful signal in NBFC stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best NBFC stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bajaj Finance, Shriram Finance and Cholamandalam are the 3 names this list highlights, with market caps of Rs 6,02,984 crore, Rs 2,23,308 crore and Rs 1,35,393 crore respectively. Bajaj Finance is notable for the largest market cap at Rs 6,02,984 crore. Shriram Finance stands out for the fastest profit growth, 38.64% a year since FY22. Cholamandalam offers the highest return on equity at 17.18%. 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Rising institutional holding is a useful signal in NBFC stocks, though it should be read with earnings trends rather than on its own.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 largecap NBFC stocks compared on market cap, PE, ROE, growth and institutional holding: Bajaj Finance, Shriram Finance and Cholamandalam.<\/p>\n","protected":false},"author":33,"featured_media":312957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[12763,5355],"class_list":["post-312960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-financial-stocks","tag-nbfc-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["312957"],"rank_math_title":["NBFC Stocks 2026: Bajaj Finance, Shriram Finance, Cholamandalam"],"rank_math_description":["NBFC stocks to watch for multibagger potential: Bajaj Finance, Shriram Finance and Cholamandalam. 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