IIFL Capital Services Ltd logo

IIFL Capital Services Ltd

IIFLCAPS NSE

Key Fundamentals

MicrocapStock BrokingCapital Markets
Market Cap
₹10,441 Cr
Volatility
Moderate
P/E Ratio
18.33
EBITDA
₹848 Cr
Return on Equity
28.4%
Debt to Equity
0.59
Book Value
₹97.41
EPS
₹20.11
52W High
₹411.3
52W Low
₹240.4

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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41 extracted metrics + investor summaries across FY18–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 21.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%

Growth Rate

Revenue Growth
-5.74% ↘
Net Income Growth
-20.78% ↘
Cash Flow Change
840.68% ↗
ROE
-1.08% ↘
ROCE
-6.79% ↘
EBITDA Margin (Avg.)
-27.86% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk medium

IIFL Capital Services Ltd operates in the capital markets sector with a market cap of ₹10,455 crore, trading at a PE of 18.4x with a 3-year ROE average of 27%. While the company has demonstrated strong historical profit growth of 21% CAGR over 5 years, recent TTM profit has declined 19% and sales growth has slowed to 2% TTM.

Bull Case 7
  • Strong 5-year compounded profit growth of 21% CAGR demonstrates consistent earnings expansion over a meaningful period
  • Excellent 3-year ROE of 27% and 5-year ROE of 26% indicates efficient capital deployment and strong shareholder value creation
  • PE ratio of 18.4x is moderate for a capital markets company with historical high-growth characteristics, suggesting the stock is not excessively priced relative to earnings
  • 3-year stock CAGR of 72% reflects significant market re-rating and wealth creation for existing shareholders
  • 5-year compounded sales growth of 24% shows the company has been able to scale its revenue base meaningfully
  • 3-year compounded profit growth of 31% outpaced sales growth of 21% over the same period, indicating operating leverage and margin expansion
  • Price-to-book ratio of 3.44x is justified by ROE consistently above 20%, with last year ROE at 20% still comfortably above cost of equity
Bear Case 8
  • TTM profit has declined 19%, marking a sharp reversal from the 31% 3-year CAGR and signaling potential earnings deterioration
  • TTM sales growth has decelerated sharply to just 2%, down from 21% 3-year CAGR and 24% 5-year CAGR, suggesting revenue momentum has stalled
  • ROE has declined from 27% (3-year average) to 20% in the last year, indicating a deteriorating trend in return on equity
  • Dividend yield of only 0.89% offers limited income cushion to shareholders during periods of potential capital depreciation
  • Capital markets sector is inherently cyclical — revenue and profits are highly sensitive to market volumes, IPO activity, and investor sentiment which can swing rapidly
  • The divergence between 1-year stock CAGR of 6% and the 3-year CAGR of 72% suggests the re-rating phase may be complete and future returns could moderate
  • With TTM profit declining 19% while PE stands at 18.4x, forward PE could be higher if earnings continue to contract, making current valuation less attractive than headline numbers suggest
  • Absence of reported debt-to-equity, EPS, and 52-week high/low data limits visibility into leverage position and recent price action context

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Headwinds 1
  • MCX fine for AP violations Jul 25

    MCX penalized IIFL Capital Services ₹3.2 lakh for fund movement issues and inspection gaps at three Authorised Persons. Penalties to be recovered from the individuals involved.

Positives 3
  • Q1FY27 profit up 4.9% YoY Jul 24

    Consolidated net profit rose 4.9% YoY to ₹1,841.63 lakh in Q1FY27, driven by capital markets activity. Board approved ₹1,000 crore NCD issuance for growth funding.

  • Fairfax proposes 51% stake increase Jul 24

    Fairfax India Holdings proposed increasing its stake in IIFL Capital Services to 51%, signaling strong promoter confidence in the business.

  • Singapore subsidiary incorporated Jul 30

    Incorporated wholly owned subsidiary IIFL Capital Singapore Pte. Ltd. on July 30, 2026, to provide business support and management consultancy services for international expansion.

Neutral 2
  • Five senior executives redesignated Jul 24

    Board approved redesignation of five senior management personnel on July 23, 2026, including new Joint CEOs for Private Wealth and CTO roles for Institutional Equities and Private Wealth.

  • Q1FY27 earnings call scheduled Jul 21

    Earnings conference call held on July 24, 2026 at 2:30 PM IST to discuss Q1FY27 performance. Transcript and recording to be made available on company website.

TL;DR: IIFL Capital Services is executing well with steady Q1FY27 profit growth of 4.9% and proactive capital raising via ₹1,000 crore NCD issuance. Fairfax India's proposal to raise its stake to 51% is a strong vote of confidence. The MCX fine of ₹3.2 lakh is minor and more of a compliance housekeeping issue than a material risk. The trend is positive with international expansion into Singapore and leadership restructuring suggesting the company is positioning for its next growth phase.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
409
507
559
686
640
645
583
537
617
572
586
644
631
Expenses
271
348
318
350
340
379
337
351
396
359
396
421
406
Operating Profit
138
159
240
337
300
266
245
186
221
213
190
224
226
OPM %
34%
31%
43%
49%
47%
41%
42%
35%
36%
37%
32%
35%
36%
Other Income
2
27
23
18
4
58
64
36
63
-25
134
10
90
Interest
21
30
43
54
44
48
45
43
40
53
53
63
60
Depreciation
16
16
18
63
12
13
14
16
16
15
17
17
17
PBT
102
140
203
237
248
264
250
163
228
120
254
155
239
Tax %
27%
23%
26%
24%
26%
22%
21%
22%
23%
29%
26%
26%
23%
Net Profit
75
108
151
181
182
205
197
128
176
85
188
115
184
EPS in Rs
2.45
3.52
4.88
5.84
5.91
6.64
6.36
4.13
5.66
2.72
6.01
3.68
5.87
Figures in ₹ Crores

Profit & Loss

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
933
870
758
841
1,295
1,361
2,217
2,520
2,420
2,434
Expenses
491
461
432
487
749
886
1,284
1,405
1,572
1,581
Operating Profit
441
409
326
354
546
475
933
1,115
848
853
OPM %
47%
47%
43%
42%
42%
35%
42%
44%
35%
35%
Other Income
14
6
134
27
22
10
14
48
183
210
Interest
145
115
103
50
102
77
150
183
210
229
Depreciation
37
42
55
46
63
67
114
55
65
65
PBT
274
258
301
285
402
341
683
925
756
768
Tax %
34%
34%
22%
23%
24%
27%
25%
23%
25%
—
Net Profit
181
171
234
220
306
250
513
713
564
572
EPS in Rs
96.47
91.58
7.32
7.27
10.07
8.19
16.64
22.98
18.02
18.28
Div. Payout %
0%
0%
27%
14%
30%
37%
18%
13%
17%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0
0
64
61
61
61
62
62
62
Reserves
560
667
816
907
1,121
1,289
1,725
2,445
3,003
Borrowings
1,097
759
459
292
607
486
1,154
937
1,821
Other Liabilities
1,205
1,624
1,095
2,285
4,252
3,401
4,934
4,511
4,671
Total Liabilities
2,862
3,050
2,434
3,544
6,041
5,237
7,875
7,956
9,558
Fixed Assets
512
393
402
403
482
440
379
388
295
CWIP
84
86
130
132
3
1
1
2
1
Investments
159
140
231
74
228
90
159
486
390
Other Assets
2,107
2,431
1,671
2,936
5,329
4,707
7,335
7,080
8,872
Total Assets
2,862
3,050
2,434
3,544
6,041
5,237
7,875
7,956
9,558
Figures in ₹ Crores

Cash Flow

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-110
587
352
152
795
-793
-118
871
-1,070
Investing
-118
0
21
148
-86
163
-74
-177
314
Financing
462
-494
-514
-361
108
-296
430
-490
568
Net Cash Flow
234
93
-141
-62
817
-925
239
204
-187
Free Cash Flow
-208
527
423
89
822
-798
-138
922
-936
CFO/OP
0
166
122
59
161
-146
7
96
-102
Figures in ₹ Crores

Ratios

  Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
10
10
16
15
8
6
8
7
9
Cash Conversion Cycle
10
10
16
15
8
6
8
7
9
Working Capital Days
-409
-522
-239
-498
-891
-551
-497
-346
-361
ROCE %
—
24%
22%
25%
32%
23%
35%
33%
23%

Shareholding Pattern

As of Jun 2026
Others 35.17%
Promoters 30.67%
FIIs 15.34%
Public 14.09%
DIIs 4.72%
Total 99.99%
  Jan 2021Feb 2021Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
30.74%
31.41%
31.41%
31.41%
31.38%
31.34%
31.30%
31.29%
31.28%
31.21%
31.14%
31.13%
31.11%
30.97%
30.90%
30.88%
30.79%
30.71%
30.70%
31.02%
30.98%
30.93%
30.87%
30.67%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
13.59%
15.54%
15.18%
17.51%
19.00%
19.12%
18.98%
17.24%
16.93%
16.51%
16.33%
15.34%
DIIs
0.68%
0.60%
0.60%
0.60%
0.40%
0.00%
0.00%
0.00%
3.20%
3.17%
3.20%
3.24%
3.31%
3.29%
3.37%
3.18%
3.70%
3.99%
4.31%
4.92%
5.03%
5.39%
5.57%
4.72%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
14.27%
13.50%
13.90%
13.99%
14.35%
14.82%
14.73%
14.82%
13.96%
14.46%
14.61%
13.80%
14.17%
13.04%
13.68%
13.20%
12.49%
12.55%
12.92%
13.20%
13.24%
12.78%
12.98%
14.09%
Others
54.31%
54.49%
54.09%
54.01%
53.87%
53.84%
53.97%
53.88%
51.56%
51.16%
51.05%
51.82%
37.82%
37.16%
36.86%
35.23%
34.03%
33.62%
33.09%
33.63%
33.82%
34.38%
34.25%
35.17%
No. of Shareholders
33,173
33,416
35,872
42,690
53,405
57,430
58,629
61,625
61,613
62,170
62,751
64,424
62,407
64,307
70,003
68,061
68,268
79,299
77,538
74,622
74,006
67,865
66,511
70,558

Documents

Frequently Asked Questions about IIFL Capital Services Ltd

What does IIFL Capital Services Ltd do?
Incorporated in 1996 as a broking arm of the IIFL Group, IIFL Securities Limited provides retail and institutional equities, financial products distribution, commodity broking, currency broking, investment banking, financial planning and wealth management services to retail and institutional cust...
Where is IIFL Capital Services Ltd (IIFLCAPS) listed?
IIFL Capital Services Ltd is listed on the Indian stock exchanges. It is listed on NSE: IIFLCAPS and BSE: 542773. You can view its live share price, financials, and ratios on Tapetide.
Which sector does IIFL Capital Services Ltd belong to?
IIFL Capital Services Ltd operates in the Capital Markets sector within the Stock Broking industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of IIFL Capital Services Ltd?
IIFL Capital Services Ltd has a market capitalisation of approximately ₹10440.94 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of IIFL Capital Services Ltd?
The Price-to-Earnings (PE) ratio of IIFL Capital Services Ltd is 18.33. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of IIFL Capital Services Ltd?
Over the past 52 weeks, IIFL Capital Services Ltd has traded between a low of ₹240.4 and a high of ₹411.3. This range helps investors understand the stock's price volatility and recent trading levels.
Does IIFL Capital Services Ltd pay dividends?
Yes, IIFL Capital Services Ltd has a dividend yield of 0.90%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of IIFL Capital Services Ltd?
IIFL Capital Services Ltd has a Return on Equity (ROE) of 28.40%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research IIFL Capital Services Ltd on Tapetide?
On Tapetide, you can view IIFL Capital Services Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 1996 as a broking arm of the IIFL Group, IIFL Securities Limited provides retail and institutional equities, financial products distribution, commodity broking, currency broking, investment banking, financial planning and wealth management services to retail and institutional customers across India. [1]

Website indiainfoline.com
CEO Mr. Rajamani Venkatraman B.Tech, MBA
Employees 1,558
Listed 2019-09-20
Face Value ₹ 2
Issued Size 31,08,67,784

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