Nifty Small Finance Banks & Microfinance Institutions stocks list
NSETheme13 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 17.06
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 1.30
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.12%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −12.84%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −23.15%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E at each month's last trading day, and on 28 Oct 2026
What the Nifty Small Finance Banks & Microfinance Institutions companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 13 companies that filed both.
- +16.1%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 13 companies that filed it; a loss counts as negative.
- ₹2,386 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 13 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 13of 13
- Median ROCEMedian return on capital employed. The middle figure of the 0 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- –year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Revenue grew against a year earlier in 10 of the 10 quarters shown.
Profit after tax, ₹ crore, added up over the companies that filed
- Profit
- Loss
A loss in 3 of the 10 quarters shown.Largest profit ₹2,428 Cr, quarter to Mar 2024.
The largest companies
The 12 largest companies in the Nifty Small Finance Banks & Microfinance Institutions, each sized by its market cap.
Market cap, ₹ crore
- AU Small Finance Bank₹66,053 Cr
- CreditAccess Grameen₹16,408 Cr
- Ujjivan Small Finance Bank₹10,633 Cr
- Equitas Small Finance Bank₹7,452 Cr
- Jana Small Finance Bank₹4,008 Cr
- Satin Creditcare Network₹2,520 Cr
- Muthoot Microfin₹2,403 Cr
- Fusion Finance₹2,203 Cr
- ESAF Small Finance Bank₹2,111 Cr
- Utkarsh Small Finance Bank₹2,089 Cr
- Spandana Sphoorty Financial₹1,724 Cr
- Suryoday Small Finance Bank₹1,422 Cr
Companies in the Nifty Small Finance Banks & Microfinance Institutions
Largest first, by market cap.
AU Small Finance BankAUBANK · Banks₹879.10+3.67%₹66,053 Cr20.90Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.11%−0.1%
CreditAccess GrameenCREDITACC · Finance₹1,022.20+1.19%₹16,408 Cr10.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−30.8%
Ujjivan Small Finance BankUJJIVANSFB · Banks₹54.50−1.68%₹10,633 Cr9.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+1.7%
Equitas Small Finance BankEQUITASBNK · Banks₹65.13+0.76%₹7,452 Cr14.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+8.1%
Jana Small Finance BankJSFB · Banks₹378.75−2.81%₹4,008 Cr8.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−15.6%
Satin Creditcare NetworkSATIN · Finance₹228.09+1.88%₹2,520 Cr4.70Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+44.3%
Muthoot MicrofinMUTHOOTMF · Finance₹140.95−1.00%₹2,403 Cr9.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−16.0%
Fusion FinanceFUSION · Finance₹135.19−0.46%₹2,203 Cr13.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−26.5%
ESAF Small Finance BankESAFSFB · Banks₹40.90+4.66%₹2,111 Cr–Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+43.5%
Utkarsh Small Finance BankUTKARSHBNK · Banks₹11.74−0.51%₹2,089 Cr–Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−39.7%
Spandana Sphoorty FinancialSPANDANA · Finance₹194.50+5.64%₹1,724 Cr–Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−21.5%
Suryoday Small Finance BankSURYODAY · Banks₹133.76+1.76%₹1,422 Cr7.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.12%−13.0%
Capital Small Finance BankCAPITALSFB · Banks₹252.50−2.06%₹1,148 Cr7.60Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.98%−11.5%
About the Nifty Small Finance Banks & Microfinance Institutions
The Nifty Small Finance Banks & Microfinance Institutions Index tracks the most liquid small finance banks and microfinance institutions listed on NSE. It held 13 companies on 30 Sep 2026, and launched on 17 Jun 2026.
How companies are chosen
A company qualifies if the Reserve Bank of India (RBI) classifies it as a Small Finance Bank, or names it as an MFI (microfinance institution) in its list of registered NBFCs (non-banking financial companies) and ARCs (asset reconstruction companies). It also needs a listing history of at least one month, and the bottom 20 percentile of stocks by 6-month average daily turnover are excluded.
Every stock that passes these screens joins the index.
How it is weighted
Weights follow free-float market capitalization, with a cap of 15% on any stock. The cap is applied at each quarterly rebalancing, on the last trading day of Mar, Jun, Sep and Dec.
When it is reviewed
The index is reconstituted semi-annually and rebalanced quarterly.
Base date and value
The index has a base date of 31 Mar 2021 and a base value of 1000.
- Published by
- NSE
- Kind
- Theme
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 13
- List last changed
- 9 Oct 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 2 of 13
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