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Inv. Banks / Inv. Cos. / Securities Cos.

NEXT Next Capital Limited

Latest results: FY2026 · Jun 2026

Watch NEXT · free results alerts

Last close · 16 Oct 2026

Rs 16.02 -2.02%

Valuation · at the close on 16 Oct 2026

Next Capital Limited (NEXT) valuation

At Rs 16.02 (close on 16 Oct 2026) NEXT trades at 20.4× earnings (FY2026), above its five-year average of 15.0× and above the Inv. Banks / Inv. Cos. / Securities Cos. median of 6.1×. The shares are priced at 2.65× book value (sector median 1.02×).

P/E · today
20.4×
FY2026
5-yr average15.0× Sector median6.1×
P/B · today
2.65×
FY2026
5-yr average1.00× Sector median1.02×
Dividend yield · today
0.0%
FY2026
5-yr average0.0% Payers' median4.6%

Market value Rs 911.9 mn at Rs 16.02. Sector medians use the latest close of 34 Inv. Banks / Inv. Cos. / Securities Cos. companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 48.5× 24.3× 0.0× P/E at fiscal year-end FY17: 8.3× P/E at fiscal year-end FY19: 44.9× P/E at fiscal year-end FY20: 18.9× P/E at fiscal year-end FY21: 8.9× P/E at fiscal year-end FY22: 12.5× P/E at fiscal year-end FY25: 15.9× P/E at fiscal year-end FY26: 16.7× FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26

Valuation history

At each fiscal year-end price.

NEXT valuation history (annual) (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 Jul 2020 – Jun 2021 FY2020 Jul 2019 – Jun 2020 FY2019 Jul 2018 – Jun 2019 FY2018 Jul 2017 – Jun 2018 FY2017 Jul 2016 – Jun 2017 FY2016 Jul 2015 – Jun 2016 FY2015 Jul 2014 – Jun 2015 FY2014 Jul 2013 – Jun 2014 FY2013 Jul 2012 – Jun 2013 FY2012 Jul 2011 – Jun 2012
Market capitalisation 746.3 456.0 261.3 294.3 384.6 728.6 336.6 238.5 427.5 1,035.4 160.0 140.4 90.4 98.0 182.2
Share price (period end) Rs 13.11 8.01 4.59 5.17 6.76 12.80 5.91 4.19 7.51 18.19 3.16 2.78 1.79 1.94 3.60
P/E (diluted) 16.65× 15.87× — — 12.50× 8.89× 18.92× 44.94× — 8.28× — 15.84× 12.16× — —
Price to book 2.16× 1.05× 0.64× 0.69× 0.73× 1.47× 0.83× 0.60× 1.04× 2.11× 0.99× 0.79× 0.53× 0.61× 1.08×
Dividend yield (gross) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 4.7% 10.5% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
PEG ratio 0.30× 0.07× — — (0.20×) 0.02× 0.08× 0.37× — 0.01× — 0.83× 0.06× — —
P/E (diluted, normalised) 16.65× 15.87× — — 6.07× 8.89× 18.76× 57.10× — 7.14× — 15.84× 12.16× — —
Price to book — 5-year average 1.00× 0.93× 0.89× 0.88× 0.95× 1.26× 1.18× 1.22× 1.29× 1.27× 0.80× — — — —
Dividend yield — 5-year average 0.0% 0.0% 0.0% 0.6% 2.7% 2.0% 2.5% 2.8% 2.4% 0.0% 0.0% — — — —

NEXT valuation: frequently asked questions

What is NEXT's P/E ratio?

At the closing price of Rs 16.02 on 16 Oct 2026, NEXT trades at a P/E of 20.4× based on EPS of Rs 0.79 (FY2026).

What is NEXT's book value per share?

Next Capital Limited's book value per share was Rs 6.06 at the end of FY2026. The shares trade at 2.65× book value.

Information only, not investment advice.