Haryana Financial Corporation ltd. — Peer Comparison
How the peer fair value is calculated and which companies were used as benchmarks.
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Sign inPeer selection
Peers are selected from the same Financial Services industry. 8 companies were matched as valid comparables.
Same-industry peers share similar business models, cost structures, and growth prospects — making them the most appropriate benchmarks for valuation multiples.
Peer comparison table
Financial Services · 8 peers · sector medians shown
| Company | Mkt Cap | P/E | P/B | EV/EBITDA | ROE | Net Margin | Rev CAGR 3y |
|---|---|---|---|---|---|---|---|
Haryana Financial Corporation ltd. HARAFIN · you | ₹1,210 Cr | 177.0× | 6.1× | — | 3.5% | -2.0% | — |
| Sector median | — | 19.8× | 2.9× | 22.9× | 11.6% | 15.5% | 14.0% |
| Religare Enterprises Limited RELIGARE | ₹7,810 Cr | -214.8× | 3.8× | — | -1.8% | — | — |
| Kama Holdings Limited KAMAHOLD | ₹7,670 Cr | 8.5× | 1.0× | 3.4× | 11.6% | 5.9% | 2.1% |
| Bengal & Assam Company Limited BENGALASM | ₹7,164 Cr | 8.6× | 0.7× | 21.1× | 7.7% | 34.8% | -47.6% |
| India Shelter Finance Corporation Limited INDIASHLTR | ₹6,960 Cr | 15.0× | 2.3× | 24.8× | 15.7% | 36.4% | 36.7% |
| Seshaasai Technologies Limited STYL | ₹6,612 Cr | 24.6× | — | — | — | 0.2% | — |
| Mrugesh Trading Ltd. MRUTR | ₹6,553 Cr | — | 348.9× | — | -1.7% | -0.1% | — |
| Paisalo Digital Limited PAISALO | ₹5,480 Cr | 26.7× | 3.5× | 29.3× | 13.2% | 25.1% | 25.9% |
| Tourism Finance Corporation of India Limited TFCILTD | ₹5,435 Cr | 35.3× | 4.7× | — | 13.2% | — | — |
Haryana trades at a premium to sector peers on P/E (177.0× vs median 19.8×). The market is pricing in higher growth — worth verifying whether recent revenue trends support that expectation.
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Sign inWhy median? Why these weights?
Median over mean: The sector median is used instead of the average because valuation multiples have extreme outliers — one high-growth company at 200× P/E would dramatically skew a mean. The median gives the middle value in the peer set, which better represents typical pricing.
Sector-specific weights: The weight given to each method reflects what matters most in this sector. For banks, P/B dominates because their value is tied to book assets. For IT companies, P/E carries the most weight because earnings quality matters more than asset base. For capital-intensive businesses, EV/EBITDA accounts for varying debt levels across peers and removes financing structure bias.
Limitations of peer comparison
Peer comparison assumes comparable companies are truly comparable — which is never perfectly true. Sector classifications can be imperfect: a conglomerate classified as "IT" may also have significant manufacturing revenue. Small peer counts (below 5) reduce confidence, as a single outlier can skew the sector median. When the entire sector is broadly expensive, peer comparison will show even an expensive stock as "fairly valued" relative to its peers.
The peer fair value shown is an algorithmic estimate based on publicly available financial data. It is not investment advice or a recommendation to buy, sell, or hold any security. Please consult a SEBI-registered investment adviser before making any investment decision.