Indostar Capital Finance Ltd

Indostar Capital Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indostar Capital Finance Ltd

₹ 183 -7.38%
27 Mar - close price
indostarcapital.com BSE: 541336 NSE: INDOSTAR
About

Incorporated in July 2009, ICFL is registered with the Reserve Bank of India (RBI) as a systemically-important non-deposit taking NBFC.[1]

Key Points

Promoter: Brookfield[1]
Brookfield is the largest shareholder of ICFL with 56.20% shareholding as of H1FY24. It is listed on the NYSE and the Toronto Stock Exchange. It is a leading global alternative asset manager offering investment strategies. ICFL represents Brookfield's foray into private equity investments in India. The initial investment was made in May 2020. The company raised Rs. 770 crore bank facility from Barclays Bank PLC, in June 2022.

Website BSE NSE
  • Market Cap ₹ 2,948 Cr.
  • Current Price ₹ 183
  • High / Low ₹ 369 / 179
  • Stock P/E
  • Book Value ₹ 247
  • Dividend Yield 0.00 %
  • ROCE 6.79 %
  • ROE -0.45 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.74 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.57%
  • The company has delivered a poor sales growth of -2.49% over past five years.
  • Company has a low return on equity of 2.44% over last 3 years.
  • Earnings include an other income of Rs.1,213 Cr.
  • Working capital days have increased from 71.6 days to 107 days

* 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)

Part of BSE Allcap BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
281.27 285.17 299.09 234.23 238.16 390.72 306.54 351.83 373.23 372.56 343.51 356.55 346.39
Interest 135.41 150.42 154.38 140.77 145.31 161.94 166.78 187.77 192.98 193.31 185.47 166.67 137.13
97.46 52.32 95.48 77.54 75.92 205.26 123.75 138.53 161.92 161.44 622.32 172.00 193.48
Financing Profit 48.40 82.43 49.23 15.92 16.93 23.52 16.01 25.53 18.33 17.81 -464.28 17.88 15.78
Financing Margin % 17.21% 28.91% 16.46% 6.80% 7.11% 6.02% 5.22% 7.26% 4.91% 4.78% -135.16% 5.01% 4.56%
0.44 4.05 0.28 15.22 7.22 19.14 16.67 14.08 16.63 26.14 1,186.20 0.29 0.13
Depreciation 10.23 9.18 7.87 6.37 7.24 7.39 7.74 7.91 7.23 7.74 7.33 7.66 7.60
Profit before tax 38.61 77.30 41.64 24.77 16.91 35.27 24.94 31.70 27.73 36.21 714.59 10.51 8.31
Tax % 5.05% 1.73% 6.51% 0.00% 0.24% 0.00% 0.04% 0.06% 0.04% 0.06% 23.65% 0.19% 0.12%
36.66 75.96 38.93 24.77 16.87 35.27 24.93 31.68 27.72 36.19 545.58 10.49 8.30
EPS in Rs 2.69 5.58 2.86 1.82 1.24 2.59 1.83 2.33 2.04 2.66 39.92 0.77 0.51
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
397 528 644 720 789 1,206 1,597 1,283 1,173 1,178 1,106 1,408 1,419
Interest 192 258 289 312 326 564 863 709 540 580 580 741 683
35 43 61 83 145 244 1,142 758 1,495 321 429 586 1,149
Financing Profit 170 227 294 325 318 398 -408 -184 -862 277 97 82 -413
Financing Margin % 43% 43% 46% 45% 40% 33% -26% -14% -74% 24% 9% 6% -29%
0 0 0 -0 -1 -0 1 -2 1 1 47 69 1,213
Depreciation 1 1 1 2 5 18 30 34 35 40 28 31 30
Profit before tax 169 226 293 323 312 379 -437 -219 -896 239 116 121 770
Tax % 34% 34% 35% 35% 36% 36% -26% -2% -18% 6% 0% 0%
112 149 192 211 200 241 -325 -214 -737 225 116 121 601
EPS in Rs 21.89 29.10 37.42 26.90 25.46 26.10 -35.11 -17.30 -54.12 16.55 8.51 8.86 43.86
Dividend Payout % 0% 0% 0% 0% 0% 8% -3% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: -2%
3 Years: 6%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 26%
TTM: -841%
Stock Price CAGR
10 Years: %
5 Years: -10%
3 Years: 21%
1 Year: -40%
Return on Equity
10 Years: -1%
5 Years: -4%
3 Years: 2%
Last Year: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 68 68 73 78 79 92 92 124 136 136 136 136 137
Reserves 1,067 1,217 1,468 1,824 1,996 2,914 2,588 3,562 2,793 2,976 3,099 3,499 3,858
Borrowing 1,898 2,574 3,001 3,373 4,823 9,062 7,142 6,020 6,223 5,648 7,572 6,916 5,709
127 133 151 213 296 232 306 376 508 357 300 2,704 528
Total Liabilities 3,161 3,992 4,693 5,489 7,194 12,300 10,129 10,082 9,661 9,116 11,107 13,256 10,232
1 1 3 9 56 370 383 366 386 377 381 365 360
CWIP 0 0 0 0 8 0 0 0 0 0 0 0 0
Investments 61 55 0 187 1,007 301 231 1,591 548 1,039 1,118 1,818 1,989
3,099 3,936 4,690 5,293 6,123 11,629 9,515 8,125 8,727 7,700 9,608 11,073 7,882
Total Assets 3,161 3,992 4,693 5,489 7,194 12,300 10,129 10,082 9,661 9,116 11,107 13,256 10,232

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-690 -547 -2,091 1,710 1,068 -1,564 899 -2,208 -1,061
-194 -842 260 -2,272 -992 1,165 -259 683 -305
589 1,459 2,787 -354 35 200 -540 1,959 1,070
Net Cash Flow -294 71 956 -916 111 -199 99 434 -296
Free Cash Flow -697 -603 -2,114 1,668 1,064 -1,600 873 -2,222 -1,083
CFO/OP -91% -65% -203% 397% 203% 485% 105% -321% -129%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
ROE % 10% 12% 14% 12% 10% 9% -11% -7% -22% 7% 1% -0%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Assets Under Management (AUM)
INR Crores

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Gross Stage 3 Assets (GNPA)
Percentage
Number of Branches
Number ・Includes some standalone data
Number of Employees
Number ・Includes some standalone data
Retail Disbursements
INR Crores
Vehicle Finance AUM
INR Crores ・Standalone data
Micro LAP AUM
INR Crores ・Standalone data

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
89.21% 75.00% 75.00% 75.00% 75.00% 73.60% 73.60% 73.59% 73.29% 72.98% 72.96% 70.39%
1.16% 1.29% 1.38% 1.33% 1.49% 2.12% 2.26% 2.43% 2.68% 3.10% 2.89% 2.27%
1.54% 1.74% 1.80% 1.84% 1.77% 1.78% 1.82% 1.86% 2.29% 2.39% 2.49% 2.09%
8.09% 21.97% 21.83% 21.83% 21.74% 22.51% 22.32% 22.11% 21.74% 21.53% 21.65% 25.25%
No. of Shareholders 74,44175,66675,22972,85270,43569,11265,47564,72563,33262,57063,19761,876

* 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.

Click on the line-items to see the names of individual entities.

Documents

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