Indus Finance Ltd

₹ 107 2.21%

21 May - close price

About

Incorporated in 1992, Indus Finance Corporation Ltd is engaged in the business of corporate financing, leasing, hire purchase and corporate advisory services.

Key Points

Services Offered:^[1]
Company provides Investment and Loan options to:
a) Wind & Solar sector
b) Infrastructure and property development
c) Agriculture and food processing
d) Loan against shares
e) Mortgage Loan on Properties
f) Individual loans

Website BSE

Market Cap ₹ 99.2 Cr.
Current Price ₹ 107
High / Low ₹ 110 / 37.7
Stock P/E 41.2
Book Value ₹ 24.8
Dividend Yield 0.47 %
ROCE 15.0 %
ROE 10.5 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 35.8%
Company's working capital requirements have reduced from 374 days to 33.6 days

Cons

Stock is trading at 4.32 times its book value
Company has a low return on equity of 7.39% over last 3 years.
Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	-0.13	0.42	0.48	0.66	1.77	0.92	2.06	1.51	1.02	1.12	1.05	1.37	5.69
Interest	0.10	0.10	0.19	0.27	0.31	0.31	0.43	0.55	0.51	0.47	0.47	0.39	1.54
	0.47	0.33	0.34	0.38	0.70	0.55	0.70	0.46	0.44	0.34	0.37	0.56	2.24
Financing Profit	-0.70	-0.01	-0.05	0.01	0.76	0.06	0.93	0.50	0.07	0.31	0.21	0.42	1.91
Financing Margin %	538.46%	-2.38%	-10.42%	1.52%	42.94%	6.52%	45.15%	33.11%	6.86%	27.68%	20.00%	30.66%	33.57%
	0.26	0.25	0.25	0.10	-0.39	0.00	0.06	-0.36	0.13	-0.12	-0.12	-0.12	0.00
Depreciation	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit before tax	-0.47	0.23	0.19	0.10	0.36	0.05	0.98	0.13	0.19	0.18	0.08	0.29	1.90
Tax %	10.64%	0.00%	0.00%	0.00%	38.89%	0.00%	17.35%	0.00%	57.89%	0.00%	0.00%	0.00%	22.63%
	-0.52	0.23	0.19	0.10	0.22	0.05	0.81	0.13	0.08	0.17	0.08	0.29	1.46
EPS in Rs	-0.56	0.25	0.21	0.11	0.24	0.05	0.87	0.14	0.09	0.18	0.09	0.31	1.58
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3.68	3.26	2.34	1.44	2.41	2.53	3.52	0.93	2.59	3.99	5.79	9.23
Interest	2.58	2.09	0.66	0.03	0.02	0.30	0.96	0.38	0.40	0.87	1.80	2.88
	1.28	1.51	2.61	2.03	2.09	2.31	1.96	2.04	1.71	1.72	2.12	3.52
Financing Profit	-0.18	-0.34	-0.93	-0.62	0.30	-0.08	0.60	-1.49	0.48	1.40	1.87	2.83
Financing Margin %	-4.89%	-10.43%	-39.74%	-43.06%	12.45%	-3.16%	17.05%	-160.22%	18.53%	35.09%	32.30%	30.66%
	1.35	1.28	1.06	0.76	0.00	0.00	0.00	-0.01	0.00	-0.48	-0.48	-0.35
Depreciation	0.01	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.03	0.03	0.03	0.05
Profit before tax	1.16	0.92	0.11	0.12	0.28	-0.10	0.59	-1.51	0.45	0.89	1.36	2.43
Tax %	34.48%	29.35%	45.45%	33.33%	32.14%	30.00%	15.25%	123.84%	11.11%	15.73%	20.59%	17.70%
	0.76	0.66	0.07	0.08	0.20	-0.13	0.50	-3.38	0.39	0.75	1.08	2.01
EPS in Rs	0.82	0.71	0.08	0.09	0.22	-0.14	0.54	-3.65	0.42	0.81	1.17	2.17
Dividend Payout %	48.74%	56.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	37.04%	42.87%	27.64%

Compounded Sales Growth
10 Years:	11%
5 Years:	21%
3 Years:	53%
TTM:	59%

Compounded Profit Growth
10 Years:	14%
5 Years:	37%
3 Years:	84%
TTM:	65%

Stock Price CAGR
10 Years:	24%
5 Years:	68%
3 Years:	55%
1 Year:	134%

Return on Equity
10 Years:	2%
5 Years:	2%
3 Years:	7%
Last Year:	10%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	9.26	9.26	9.26	9.26	9.26	9.26	9.26	9.26	9.26	9.26	9.26	9.26
Reserves	7.02	7.37	7.34	7.42	6.03	3.44	3.87	12.67	9.75	14.77	13.79	13.71
Borrowing	31.37	16.04	13.71	13.43	13.29	7.99	5.99	8.42	4.57	14.01	20.27	11.07
	0.64	0.67	0.11	0.10	0.26	0.04	0.14	2.00	0.88	0.89	0.29	0.46
Total Liabilities	48.29	33.34	30.42	30.21	28.84	20.73	19.26	32.35	24.46	38.93	43.61	34.50
	0.18	0.15	0.13	0.12	0.03	0.03	0.03	0.15	0.11	0.19	0.15	0.11
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	11.98	11.98	11.98	11.84	13.58	12.15	11.12	18.62	10.72	14.03	9.34	1.96
	36.13	21.21	18.31	18.25	15.23	8.55	8.11	13.58	13.63	24.71	34.12	32.43
Total Assets	48.29	33.34	30.42	30.21	28.84	20.73	19.26	32.35	24.46	38.93	43.61	34.50

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1.48	17.73	2.99	0.26	-0.27	-0.07	-0.05	-2.30	-0.34	11.11	9.86	-2.54
	-0.01	0.18	-0.11	0.13	0.24	-0.02	-0.01	0.34	-3.04	-1.95	-4.36	-9.96
	-1.55	-17.94	-2.89	-0.28	-0.14	0.10	0.03	2.05	3.32	-9.05	-5.59	12.54
Net Cash Flow	-0.08	-0.03	-0.01	0.11	-0.17	0.01	-0.03	0.09	-0.06	0.12	-0.09	0.04
Free Cash Flow	1.47	17.91	2.99	0.25	-0.03	-0.09	-0.06	-2.43	-0.34	11.22	9.86	-2.53
CFO/OP	62%	1,014%	-1,126%	-51%	-56%	-32%	-3%	32%	-39%	489%	269%	-48%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE %	4.68%	4.01%	0.42%	0.48%	1.25%	-0.93%	3.87%	-19.22%	1.91%	5.39%	6.20%	10.47%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Gross Loan Assets
Rupees in Lakhs

			x,xxx.xx	x,xxx.xx	xxx.xx	xxx.xx	xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
xx.xx	xx.xx	xx.xx					xx.xx	xx.xx	xx.xx	xx.xx
				xx.xx	xx.xx	xxx.xx	xxx.xx	xx.xx	xx.xx	xxx.xx
				x	x	x	x	x	x	x
xx.xx	xx.xx	xx.xx					xx.xx	xx.xx	xx.xx	xx.xx

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CRAR (Capital to Risk-Weighted Assets Ratio)
percentage

Gross NPA (Non-Performing Assets)
Rupees in Lakhs

Number of Employees
number

Tier I CRAR
percentage

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.61%	74.61%	74.61%	74.61%	74.79%	74.79%	74.79%	74.79%	74.79%	74.79%	74.79%	74.79%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	25.36%	25.37%	25.36%	25.36%	25.19%	25.19%	25.20%	25.19%	25.20%	25.19%	25.19%	25.20%
No. of Shareholders	1,227	1,245	1,357	1,658	1,859	2,247	2,534	2,428	2,342	2,407	2,392	2,342

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.61%	74.61%	74.61%	74.61%	45.45%	74.61%	74.61%	74.61%	74.79%	74.79%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	25.36%	25.36%	25.36%	25.36%	54.53%	25.36%	25.36%	25.36%	25.19%	25.20%
No. of Shareholders	762	783	797	820	843	1,075	1,224	1,658	2,428	2,342

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Indus Finance Ltd

Indus Finance Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports