Peer Comparison with top-10 players

Note: 1) IIFL Samasta, Asirvad and Belstar are subsidiaries of listed companies IIFL Finance, Manappuram and Muthoot Finance (RED Muthoot) respectively. 2) Svatantra Microfin is owned by Aditya Birla Group, which also has a listed NBFC. 3) IIFL Samasta was a smaller player 3 Yrs back while it aggressively grew between FY21-23. This may have led to higher opex ratio for it while reporting benign asset quality (being new).
Chart: primeinvestor.inSource: Muthoot Microfin RHPGet the dataCreated with Datawrapper