Indostar Capital Finance Ltd

Indostar Capital Finance Ltd

₹ 261 2.48%
14 Jun - close price
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.

  • Market Cap 3,555 Cr.
  • Current Price 261
  • High / Low 280 / 141
  • Stock P/E 30.7
  • Book Value 238
  • Dividend Yield 0.00 %
  • ROCE 8.35 %
  • ROE 3.65 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.10 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.93% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of -4.16% over last 3 years.

* 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
278 265 284 278 341 314 294 281 285 299 313 306 474
457 168 86 134 1,112 90 82 97 52 95 111 107 234
Operating Profit -179 97 198 143 -772 224 212 184 233 204 202 200 240
OPM % -64% 37% 70% 52% -227% 71% 72% 65% 82% 68% 65% 65% 51%
1 0 0 11 0 0 0 0 4 0 0 1 3
Interest 159 139 137 125 139 148 146 135 150 154 165 172 195
Depreciation 8 8 9 9 10 10 10 10 9 8 8 9 9
Profit before tax -346 -49 53 20 -920 66 56 39 77 42 30 19 39
Tax % 8% 25% 26% 26% 18% 8% 8% 5% 2% 7% 17% 12% 10%
-317 -37 39 15 -754 61 52 37 76 39 25 17 35
EPS in Rs -25.63 -2.97 3.18 1.07 -55.38 4.48 3.79 2.69 5.58 2.86 1.82 1.24 2.59
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
397 528 644 720 789 1,206 1,597 1,283 1,173 1,178 1,393
35 43 61 83 145 244 1,142 758 1,495 321 547
Operating Profit 362 485 583 637 644 961 456 525 -323 857 846
OPM % 91% 92% 91% 88% 82% 80% 29% 41% -28% 73% 61%
0 0 0 -0 -1 -0 1 -2 1 1 5
Interest 192 258 289 312 326 564 863 709 540 580 687
Depreciation 1 1 1 2 5 18 30 34 35 40 33
Profit before tax 169 226 293 323 312 379 -437 -219 -896 239 130
Tax % 34% 34% 35% 35% 36% 36% 26% 2% 18% 6% 11%
112 149 192 211 200 241 -325 -214 -737 225 116
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
Dividend Payout % 0% 0% 0% 0% 0% 8% -3% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 3%
3 Years: 3%
TTM: 18%
Compounded Profit Growth
10 Years: 0%
5 Years: -14%
3 Years: 37%
TTM: -49%
Stock Price CAGR
10 Years: %
5 Years: -6%
3 Years: -10%
1 Year: 62%
Return on Equity
10 Years: 0%
5 Years: -6%
3 Years: -4%
Last Year: 4%

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
Equity Capital 68 68 73 78 79 92 92 124 136 136 136
Reserves 1,067 1,217 1,468 1,824 1,996 2,914 2,588 3,562 2,793 2,976 3,099
Preference Capital 0 0 0 0 0 0 0 12 0 0
1,898 2,574 3,001 3,373 4,823 9,062 7,142 6,008 6,223 5,648 7,572
127 133 151 213 296 232 306 388 508 357 314
Total Liabilities 3,161 3,992 4,693 5,489 7,194 12,300 10,129 10,082 9,661 9,116 11,121
1 1 3 9 56 370 383 366 386 377 381
CWIP 0 0 0 0 8 0 0 0 0 0 0
Investments 61 55 0 187 1,007 301 231 1,591 548 1,039 1,118
3,099 3,936 4,690 5,293 6,123 11,629 9,515 8,125 8,727 7,700 9,621
Total Assets 3,161 3,992 4,693 5,489 7,194 12,300 10,129 10,082 9,661 9,116 11,121

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
-690 -547 -2,091 1,710 1,068 -1,564 899 -2,208
-194 -842 260 -2,272 -992 1,165 -259 683
589 1,459 2,787 -354 35 200 -540 1,959
Net Cash Flow -294 71 956 -916 111 -199 99 434

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
Debtor Days 0 0 0 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0 0 0 0 0 0 0 0
Working Capital Days -113 194 200 215 -135 -32 55 -15 -91 31 49
ROCE % 14% 14% 13% 10% 10% 4% 5% -4% 9%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
93.26% 88.16% 89.21% 89.21% 89.21% 89.21% 89.21% 89.21% 75.00% 75.00% 75.00% 75.00%
0.05% 1.34% 1.17% 1.26% 1.20% 1.21% 1.18% 1.16% 1.29% 1.38% 1.33% 1.49%
2.09% 2.47% 2.33% 1.59% 1.55% 1.54% 1.54% 1.54% 1.74% 1.80% 1.84% 1.77%
4.60% 8.02% 7.29% 7.94% 8.04% 8.03% 8.08% 8.09% 21.97% 21.83% 21.83% 21.74%
No. of Shareholders 83,21483,48481,70980,97079,79277,80476,94874,44175,66675,22972,85270,435

* 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.

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