Indostar Capital Finance Ltd

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

Indostar Capital Finance Ltd

₹ 254 -0.51%
22 Nov - close price
indostarcapital.com BSE: 541336 NSE: INDOSTAR
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.

Website BSE NSE
  • Market Cap ₹ 3,460 Cr.
  • Current Price ₹ 254
  • High / Low ₹ 343 / 160
  • Stock P/E 58.7
  • Book Value ₹ 234
  • Dividend Yield 0.00 %
  • ROCE 7.69 %
  • ROE 2.35 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.09 times its book value
  • Company is expected to give good quarter

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 -1.22% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of -5.49% over last 3 years.
  • Working capital days have increased from 10.9 days to 76.0 days

* 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

Part of BSE SmallCap BSE Allcap BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
255 250 292 258 237 237 236 241 234 238 391 304 345
72 123 1,092 72 59 76 36 71 87 79 207 125 140
Operating Profit 183 127 -801 186 178 161 200 171 147 159 184 179 205
OPM % 72% 51% -275% 72% 75% 68% 85% 71% 63% 67% 47% 59% 59%
0 10 0 0 0 0 16 0 10 4 5 6 9
Interest 132 119 129 132 131 121 134 133 141 145 162 167 188
Depreciation 8 9 9 9 9 9 8 7 6 7 7 8 8
Profit before tax 43 10 -938 45 38 31 73 31 11 11 20 11 18
Tax % 25% 25% -18% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
32 7 -767 45 38 31 73 31 11 11 20 11 18
EPS in Rs 2.61 0.53 -56.38 3.30 2.80 2.29 5.37 2.27 0.77 0.78 1.44 0.79 1.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
397 528 641 716 787 1,177 1,540 1,191 1,052 972 1,107 1,278
35 43 59 81 132 206 1,102 720 1,446 251 445 551
Operating Profit 362 485 582 634 655 971 438 470 -394 721 663 727
OPM % 91% 92% 91% 89% 83% 82% 28% 39% -37% 74% 60% 57%
0 0 0 -0 -1 -0 -0 -4 1 20 18 24
Interest 192 258 289 312 326 561 857 692 514 518 581 662
Depreciation 1 1 1 2 4 17 28 31 34 36 28 30
Profit before tax 169 226 292 320 324 393 -448 -257 -941 187 72 59
Tax % 34% 34% 35% 35% 35% 35% -24% -6% -18% 0% 0%
112 149 191 209 212 255 -340 -241 -769 187 72 59
EPS in Rs 21.90 29.11 37.30 26.68 26.94 27.65 -36.79 -19.52 -56.53 13.76 5.26 4.33
Dividend Payout % 0% 0% 0% 0% 0% 7% -3% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: -1%
3 Years: -2%
TTM: 35%
Compounded Profit Growth
10 Years: -4%
5 Years: -22%
3 Years: 32%
TTM: -60%
Stock Price CAGR
10 Years: %
5 Years: 5%
3 Years: -1%
1 Year: 51%
Return on Equity
10 Years: 0%
5 Years: -7%
3 Years: -5%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 68 68 73 78 79 92 92 124 136 136 136 136
Reserves 1,067 1,217 1,468 1,822 2,005 2,938 2,596 3,543 2,742 2,886 2,966 3,050
1,898 2,574 3,001 3,373 4,823 9,031 7,087 5,773 5,483 4,813 6,049 7,189
127 133 150 212 287 217 287 348 463 304 239 496
Total Liabilities 3,161 3,992 4,692 5,485 7,194 12,278 10,063 9,787 8,824 8,139 9,390 10,872
1 1 3 9 53 367 380 363 381 368 367 367
CWIP 0 0 0 0 8 0 0 0 0 0 0 0
Investments 61 55 10 197 1,067 502 432 1,788 977 1,457 1,571 1,779
3,099 3,936 4,679 5,280 6,065 11,409 9,251 7,636 7,467 6,314 7,453 8,726
Total Assets 3,161 3,992 4,692 5,485 7,194 12,278 10,063 9,787 8,824 8,139 9,390 10,872

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-691 -494 -1,951 1,752 1,264 -1,100 962 -1,719
-194 -889 122 -2,272 -985 1,197 -233 674
589 1,459 2,756 -382 -157 -293 -636 1,267
Net Cash Flow -295 76 926 -902 122 -197 93 223

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 -113 194 201 216 -131 -29 57 -17 -92 49 76
ROCE % 14% 14% 13% 11% 10% 4% 5% -5% 9% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
89.21% 89.21% 89.21% 89.21% 89.21% 89.21% 75.00% 75.00% 75.00% 75.00% 73.60% 73.60%
1.17% 1.26% 1.20% 1.21% 1.18% 1.16% 1.29% 1.38% 1.33% 1.49% 2.12% 2.26%
2.33% 1.59% 1.55% 1.54% 1.54% 1.54% 1.74% 1.80% 1.84% 1.77% 1.78% 1.82%
7.29% 7.94% 8.04% 8.03% 8.08% 8.09% 21.97% 21.83% 21.83% 21.74% 22.51% 22.32%
No. of Shareholders 81,70980,97079,79277,80476,94874,44175,66675,22972,85270,43569,11265,475

* 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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