Indostar Capital Finance Ltd

About [ edit ]

Business Review
Indostar Capital Finance Ltd. is a non-banking finance company (NBFC) registered with the Reserve Bank of India as a non-deposit-taking company. It is engaged in Corporate lending & retail lending which includes commercial vehicle finance, SME finance & housing loan finance. #
It commenced operations in 2011 as an NBFC focussed on financing the corporate sector. In 2016, Company diversified its business from a corporate lender to a retail-focused NBFC. #
It has 217 branches across 18 states in Dec 2020. It expanded from 129 branches (Dec 18) with the addition of 58 branches for the commercial vehicle finance segment. # #

Key Points [ edit ]
  • Market Cap 3,740 Cr.
  • Current Price 302
  • High / Low 424 / 238
  • Stock P/E
  • Book Value 321
  • Dividend Yield 0.33 %
  • ROCE 3.34 %
  • ROE -11.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.94 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.59% for last 3 years.

Peer comparison

Sector: Finance Industry: Finance & Investments

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
214 225 320 320 341 419 443 382 319 333 334 334
46 58 76 58 53 127 144 177 693 91 99 117
Operating Profit 168 167 244 262 288 292 299 204 -374 243 235 217
OPM % 78% 74% 76% 82% 84% 70% 67% 54% -117% 73% 70% 65%
Other Income -0 0 0 0 0 0 0 0 1 0 6 1
Interest 97 112 140 147 164 226 224 197 182 184 186 179
Depreciation 2 4 4 5 5 7 7 7 8 8 9 8
Profit before tax 69 51 99 109 119 58 68 0 -563 51 45 31
Tax % 41% 39% 35% 35% 38% 19% 27% 11% 25% 7% 30% 21%
Net Profit 40 31 64 71 74 47 49 0 -421 47 32 24
EPS in Rs 5.13 3.41 6.94 7.72 8.03 5.10 5.36 0.03 -45.58 3.83 2.57 1.96

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
528 644 720 789 1,206 1,528 1,321
43 61 83 145 244 1,142 1,000
Operating Profit 485 583 637 644 961 386 321
OPM % 92% 91% 88% 82% 80% 25% 24%
Other Income 0 0 -0 -1 -0 1 8
Interest 258 289 312 326 564 794 732
Depreciation 1 1 2 5 18 30 33
Profit before tax 226 293 323 312 379 -437 -436
Tax % 34% 35% 35% 36% 36% 26%
Net Profit 149 192 211 200 241 -325 -318
EPS in Rs 29.10 37.42 26.90 25.46 26.10 -35.11 -37.22
Dividend Payout % 0% 0% 0% 0% 8% -3%
Compounded Sales Growth
10 Years:%
5 Years:24%
3 Years:29%
TTM:-17%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-286%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:8%
Return on Equity
10 Years:%
5 Years:5%
3 Years:2%
Last Year:-11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
68 73 78 79 92 92 135
Reserves 1,217 1,468 1,824 1,996 2,914 2,588 3,834
Borrowings 2,574 3,001 3,373 4,823 9,062 6,680 7,143
133 151 213 296 232 277 239
Total Liabilities 3,992 4,693 5,489 7,194 12,300 9,637 11,351
1 3 9 56 370 383 367
CWIP 0 0 0 8 0 0 0
Investments 55 0 187 1,007 301 231 1,770
3,936 4,690 5,293 6,123 11,629 9,024 9,215
Total Assets 3,992 4,693 5,489 7,194 12,300 9,637 11,351

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-690 -547 -2,091 1,745
-194 -842 260 -2,311
589 1,459 2,787 -350
Net Cash Flow -294 71 956 -916

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 14% 13% 10% 10% 3%
Debtor Days 0 0 0 0 0 0
Inventory Turnover

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
58.28 59.30 60.29 60.49 60.74 60.74 60.74 60.62 45.50 93.73 93.52 93.31
13.12 12.10 10.90 10.10 9.79 9.50 7.00 5.84 0.00 0.02 0.02 0.05
9.34 11.16 11.33 11.55 11.77 16.29 17.52 17.23 2.41 2.44 2.65 2.68
19.26 17.44 17.48 17.86 17.70 13.47 14.74 16.31 52.09 3.81 3.81 3.95

Documents