Indostar Capital Finance Ltd logo

Indostar Capital Finance Ltd

INDOSTAR NSE

Key Fundamentals

MicrocapNBFCFinancial Services
Market Cap
₹4,053 Cr
Volatility
Moderate
P/E Ratio
-10.3
EBITDA
₹-227 Cr
Return on Equity
1.44%
Debt to Equity
2.11
Book Value
₹234
EPS
₹7.48
52W High
₹292
52W Low
₹179.03

Insights

Beta

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

Log in to view Indostar Capital Finance Ltd insights

42 extracted metrics + investor summaries across FY15–FY26.

Log in — free

Tapetide Score

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

Technical Indicators

Key Insights

Strengths

2
  • Company has reduced debt.
  • Stock is trading at 1.07 times its book value

Weaknesses

5
  • 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 1.66% over past five years.
  • Company has a low return on equity of -8.41% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.64%

Growth Rate

Revenue Growth
-1.18% ↘
Net Income Growth
167.52% ↗
Cash Flow Change
-345.69% ↘
ROE
-33.64% ↗
ROCE
29.67% ↗
EBITDA Margin (Avg.)
-115.07% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 43d ago
AI opinion · based on fundamentals
Risk high

Indostar Capital Finance Ltd is a small-cap NBFC with a market cap of Rs 4,133 crore trading at 1.10x book value and a PE of 29.5x. The company has reported negative ROE of -8% over 3 years and -24% last year, with negligible sales growth of ~2% CAGR over 5 years, while promoter holding has declined by 18.8% over three years.

Bull Case 7
  • Stock trades at 1.10x price-to-book, below typical NBFC valuations, suggesting limited downside from asset value perspective
  • Company has actively reduced debt on its balance sheet, improving its capital structure
  • 3-year stock CAGR of 20% indicates market has re-rated the company from its lows despite operational challenges
  • 10-year compounded sales growth of 8% shows the company has historically been able to grow its loan book over longer cycles
  • PE of 29.5x implies the market is pricing in an earnings recovery from current depressed profit levels
  • TTM profit swing of -5530% suggests the company is transitioning from deep losses to profitability, with current PE reflecting early-stage recovery earnings
  • 3-year compounded sales growth of 6% shows revenue trajectory improving versus the 5-year CAGR of 2%
Bear Case 8
  • Return on equity is deeply negative at -24% last year and -8% over 3 and 5 year periods, indicating persistent capital destruction
  • 5-year compounded sales growth of just 1.66% is extremely poor for an NBFC in a growing credit market
  • Promoter holding has decreased by 18.8% over last 3 years, signaling potential lack of promoter confidence
  • Zero dividend yield despite reporting profits indicates either insufficient free cash flow or need to conserve capital
  • Low interest coverage ratio raises concerns about ability to service debt obligations from operating earnings
  • Stock has declined 25% over 1 year and has a negative 5-year CAGR of -6%, showing sustained underperformance
  • TTM sales growth of -1% indicates the top line is actually contracting in the most recent period
  • 10-year ROE of -4% shows the company has failed to generate positive returns on shareholder equity even over a full business cycle

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

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
299
234
238
391
307
352
373
373
344
357
346
347
364
Expenses
95
78
76
205
124
139
162
161
622
172
193
633
204
Financing Profit
49
16
17
24
16
26
18
18
-464
18
16
-418
15
Fin. Margin %
16%
7%
7%
6%
5%
7%
5%
5%
-135%
5%
5%
-120%
4%
Other Income
0
15
7
19
17
14
17
26
1,186
0
0
0
3
Interest
154
141
145
162
167
188
193
193
185
167
137
132
144
Depreciation
8
6
7
7
8
8
7
8
7
8
8
6
6
PBT
42
25
17
35
25
32
28
36
715
11
8
-424
11
Tax %
7%
0%
0%
0%
0%
0%
0%
0%
24%
0%
0%
0%
0%
Net Profit
39
25
17
35
25
32
28
36
546
10
8
-424
11
EPS in Rs
2.86
1.82
1.24
2.59
1.83
2.33
2.04
2.66
39.92
0.77
0.51
-26.24
0.71
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
528
644
720
789
1,206
1,597
1,283
1,173
1,178
1,106
1,408
1,393
1,413
Expenses
43
61
83
145
244
1,142
758
1,495
321
429
586
1,620
1,202
Financing Profit
227
294
325
318
398
-408
-184
-862
277
97
82
-848
-369
Fin. Margin %
43%
46%
45%
40%
33%
-26%
-14%
-74%
24%
9%
6%
-61%
-26%
Other Income
0
0
0
-1
0
1
-2
1
1
47
69
1,187
3
Interest
258
289
312
326
564
863
709
540
580
580
741
621
580
Depreciation
1
1
2
5
18
30
34
35
40
28
31
29
28
PBT
226
293
323
312
379
-437
-219
-896
239
116
121
310
-394
Tax %
34%
35%
35%
36%
36%
-26%
-2%
-18%
6%
0%
0%
55%
—
Net Profit
149
192
211
200
241
-325
-214
-737
225
116
121
140
-394
EPS in Rs
29.1
37.42
26.9
25.46
26.1
-35.11
-17.3
-54.12
16.55
8.51
8.86
8.69
-24.25
Div. Payout %
0%
0%
0%
0%
8%
-3%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
68
73
78
79
92
92
124
136
136
136
136
162
Reserves
1,217
1,468
1,824
1,996
2,914
2,588
3,562
2,793
2,976
3,099
3,499
3,621
Borrowing
2,574
3,001
3,373
4,823
9,062
7,142
6,020
6,223
5,648
7,572
6,916
5,477
Other Liabilities
133
151
213
296
232
306
376
508
357
300
2,704
257
Total Liabilities
3,992
4,693
5,489
7,194
12,300
10,129
10,082
9,661
9,116
11,107
13,256
9,517
Fixed Assets
1
3
9
56
370
383
366
386
377
381
365
355
CWIP
0
0
0
8
0
0
0
0
0
0
0
0
Investments
55
0
187
1,007
301
231
1,591
548
1,039
1,118
1,818
982
Other Assets
3,936
4,690
5,293
6,123
11,629
9,515
8,125
8,727
7,700
9,608
11,073
8,180
Total Assets
3,992
4,693
5,489
7,194
12,300
10,129
10,082
9,661
9,116
11,107
13,256
9,517
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
—
—
-690
-547
-2,091
1,710
1,068
-1,564
899
-2,208
-1,061
-989
Investing
—
—
-194
-842
260
-2,272
-992
1,165
-259
683
-305
2,259
Financing
—
—
589
1,459
2,787
-354
35
200
-540
1,959
1,070
-1,330
Net Cash Flow
—
—
-294
71
956
-916
111
-199
99
434
-296
-60
Free Cash Flow
—
—
-697
-603
-2,114
1,668
1,064
-1,600
873
-2,222
-1,083
-997
CFO/OP
—
—
-91
-65
-203
397
203
485
105
-321
-129
435
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
12%
14%
12%
10%
9%
-11%
-7%
-22%
7%
1%
0%
-24%

Shareholding Pattern

As of Jun 2026
Promoters 70.36%
Public 12.92%
Others 11.95%
FIIs 2.57%
DIIs 2.20%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Nov 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025Dec 2025Mar 2026Jun 2026
Promoters
93.31%
93.26%
88.16%
89.21%
89.21%
89.21%
89.21%
89.21%
89.21%
89.21%
75.00%
75.00%
75.00%
75.00%
73.60%
73.60%
73.59%
73.29%
72.98%
72.96%
67.59%
70.39%
70.38%
70.36%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
1.38%
0.00%
1.49%
2.12%
2.26%
2.43%
2.68%
3.10%
2.90%
2.51%
2.27%
2.59%
2.57%
DIIs
2.69%
2.09%
2.47%
2.33%
2.33%
1.59%
1.54%
1.54%
1.54%
1.54%
1.68%
1.88%
1.77%
1.77%
1.78%
1.82%
1.86%
2.29%
2.39%
2.49%
2.29%
2.09%
2.17%
2.20%
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
3.27%
4.11%
6.29%
5.63%
5.64%
5.81%
5.83%
5.73%
5.88%
6.26%
14.42%
15.07%
14.62%
14.14%
14.75%
14.21%
13.60%
13.36%
14.38%
15.13%
14.07%
12.89%
12.29%
12.92%
Others
0.73%
0.53%
3.08%
2.83%
2.82%
3.39%
3.41%
3.51%
3.37%
2.99%
8.90%
6.67%
8.61%
7.60%
7.76%
8.11%
8.52%
8.38%
7.15%
6.52%
13.55%
12.36%
12.57%
11.95%
No. of Shareholders
0
82,657
83,214
83,484
83,076
81,709
80,970
79,792
77,804
74,441
75,666
75,229
72,852
70,435
69,112
65,475
64,725
63,332
62,570
63,197
62,908
62,280
60,134
59,070

Documents

Frequently Asked Questions about Indostar Capital Finance Ltd

What does Indostar Capital Finance Ltd do?
Incorporated in July 2009, ICFL is registered with the Reserve Bank of India (RBI) as a systemically-important non-deposit taking NBFC.[1]
Where is Indostar Capital Finance Ltd (INDOSTAR) listed?
Indostar Capital Finance Ltd is listed on the Indian stock exchanges. It is listed on NSE: INDOSTAR and BSE: 541336. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Indostar Capital Finance Ltd belong to?
Indostar Capital Finance Ltd operates in the Financial Services sector within the NBFC industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Indostar Capital Finance Ltd?
Indostar Capital Finance Ltd has a market capitalisation of approximately ₹4053.33 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Indostar Capital Finance Ltd?
The Price-to-Earnings (PE) ratio of Indostar Capital Finance Ltd is -10.30. 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 Indostar Capital Finance Ltd?
Over the past 52 weeks, Indostar Capital Finance Ltd has traded between a low of ₹179.03 and a high of ₹292. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Indostar Capital Finance Ltd?
Indostar Capital Finance Ltd has a Return on Equity (ROE) of 1.44%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Indostar Capital Finance Ltd on Tapetide?
On Tapetide, you can view Indostar Capital Finance 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 July 2009, ICFL is registered with the Reserve Bank of India (RBI) as a systemically-important non-deposit taking NBFC.[1]

Website indostarcapital.com
CEO Mr. Randhir Singh
Employees 4,304
Listed 2018-05-21
Face Value ₹ 10
Issued Size 14,76,16,717

Explore More

More in Financial Services → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List