Indostar Capital Finance Ltd

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

Indostar Capital Finance Ltd

₹ 109 0.41%
29 Mar 4:01 p.m.
indostarcapital.com BSE: 541336 NSE - BE : INDOSTAR
About

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. [1]
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. [2]
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. [3] [4]

Key Points

AUM Breakup
IndoStar’s AUM stood at Rs. 9,658 crore by the end of FY22, as compared to Rs. 8,990 crore in FY 2021. [1] The AUM breakup is as follows -
CV Finance - 51%
SME Finance - 18%
Housing Finance - 15%
Corporate Lending - 16% [2]

Website BSE NSE - BE
  • Market Cap ₹ 1,494 Cr.
  • Current Price ₹ 109
  • High / Low ₹ 257 / 104
  • Stock P/E
  • Book Value ₹ 224
  • Dividend Yield 0.00 %
  • ROCE -3.78 %
  • ROE -22.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.49 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Company has a low return on equity of -13.6% 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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
382 332 333 334 334 278 265 284 278 341 314 294 281
177 693 91 99 117 457 168 86 134 1,112 90 82 97
Operating Profit 204 -361 243 235 217 -179 97 198 143 -772 224 212 184
OPM % 54% -109% 73% 70% 65% -64% 37% 70% 52% -227% 71% 72% 65%
0 1 0 6 1 1 0 0 11 0 0 0 0
Interest 197 195 184 186 179 159 139 137 125 139 148 146 135
Depreciation 7 8 8 9 8 8 8 9 9 10 10 10 10
Profit before tax 0 -563 51 45 31 -346 -49 53 20 -920 66 56 39
Tax % 11% 25% 7% 30% 21% 8% 25% 26% 26% 18% 8% 8% 5%
Net Profit 0 -421 47 32 24 -317 -37 39 15 -754 61 52 37
EPS in Rs 0.03 -45.58 3.83 2.57 1.96 -25.63 -2.97 3.18 1.07 -55.38 4.48 3.79 2.69
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 TTM
397 528 644 720 789 1,206 1,597 1,283 1,173 1,230
35 43 61 83 145 244 1,142 758 1,495 1,381
Operating Profit 362 485 583 637 644 961 456 525 -323 -151
OPM % 91% 92% 91% 88% 82% 80% 29% 41% -28% -12%
0 0 0 -0 -1 -0 1 -2 1 2
Interest 192 258 289 312 326 564 863 709 540 569
Depreciation 1 1 1 2 5 18 30 34 35 40
Profit before tax 169 226 293 323 312 379 -437 -219 -896 -758
Tax % 34% 34% 35% 35% 36% 36% 26% 2% 18%
Net Profit 112 149 192 211 200 241 -325 -214 -737 -604
EPS in Rs 21.89 29.10 37.42 26.90 25.46 26.10 -35.11 -17.30 -54.12 -44.42
Dividend Payout % 0% 0% 0% 0% 0% 8% -3% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: -1%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -102%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -25%
1 Year: -50%
Return on Equity
10 Years: %
5 Years: -6%
3 Years: -14%
Last Year: -22%

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 Sep 2022
68 68 73 78 79 92 92 136 136 136
Reserves 1,067 1,217 1,468 1,824 1,996 2,914 2,588 3,562 2,793 2,914
1,898 2,574 3,001 3,373 4,823 9,062 7,142 6,008 6,223 5,604
127 133 151 213 296 232 306 388 508 341
Total Liabilities 3,161 3,992 4,693 5,489 7,194 12,300 10,129 10,082 9,661 8,995
1 1 3 9 56 370 383 366 386 374
CWIP 0 0 0 0 8 0 0 0 0 0
Investments 61 55 0 187 1,007 301 231 1,591 548 746
3,099 3,936 4,690 5,293 6,123 11,629 9,515 8,125 8,727 7,876
Total Assets 3,161 3,992 4,693 5,489 7,194 12,300 10,129 10,082 9,661 8,995

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
-690 -547 -2,091 1,710 1,068 -1,564
-194 -842 260 -2,272 -992 1,165
589 1,459 2,787 -354 35 200
Net Cash Flow -294 71 956 -916 111 -199

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
Debtor Days 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
Working Capital Days -113 194 200 215 -135 -32 55 -15 -91
ROCE % 14% 14% 13% 10% 10% 4% 5% -4%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
60.62 45.50 93.73 93.52 93.31 93.26 88.16 89.21 89.21 89.21 89.21 89.21
5.84 0.00 0.02 0.02 0.05 0.05 1.34 1.17 1.26 1.20 1.21 1.18
17.23 2.41 2.44 2.65 2.68 2.09 2.47 2.33 1.59 1.55 1.54 1.54
16.31 52.09 3.81 3.81 3.95 4.60 8.02 7.29 7.94 8.04 8.03 8.08

* 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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