Stocks - Q : Quality | V : Valuation | PT : Price Trend
Funds - P : Performance | Q : Quality
Funds - P : Performance | Q : Quality
BSE: 541336 | NSE: INDOSTAR | Finance - NBFC | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indostar Capital Finance Ltd is a below average quality company.
The key valuation ratios of Indostar Capital Finance Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Indostar Capital Finance Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 528 | 644 | 719 | 789 | 1,206 | 1,597 | 1,280 | 1,163 | 1,174 | 1,393 | 1,582 | |
| YoY Gr. Rt. % | - | 22% | 11.7% | 9.7% | 52.8% | 32.5% | -19.9% | -9.2% | 1% | 18.6% | - | |
| Adj EPS (₹ ) | 21.8 | 26.1 | 26.9 | 25.5 | 26.1 | -35.1 | -17.3 | -58.4 | 16.6 | 8.5 | 8.8 | |
| YoY Gr. Rt. % | - | 19.9% | 3% | -5.4% | 2.5% | -234.5% | NA | NA | NA | -48.6% | - | |
| BVPS (₹ ) | 188 | 210.2 | 242.8 | 256.6 | 318.6 | 280.8 | 293.6 | 210 | 227.1 | 236.2 | 247.2 | |
| YoY Gr. Rt. % | - | 11.8% | 15.5% | 5.7% | 24.2% | -11.9% | 4.6% | -28.5% | 8.1% | 4% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 4 | 4.3 | 4.2 | 3.2 | 2.5 | -2.9 | -2.2 | -7.6 | 2.5 | 1.2 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 11.4% | 2.9% | 2.9% | 18.6% | ||||||||
| Adj EPS | -9.9% | -20.1% | NA | -48.6% | ||||||||
| BVPS | 2.6% | -5.8% | -7% | 4% | ||||||||
| Share Price | - | 3.7% | 11.5% | 25.7% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 28.2 | 29.8 | 29.3 | 25.4 | 20 | -20.3 | -16.7 | -63.4 | 19.2 | 8.3 | 7.6 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 12.3 | 13.6 | 12.2 | 10.2 | 9.7 | -11.7 | -6.9 | -22.7 | 7.6 | 3.7 | 3.6 | |
Return on Equity has increased versus last 3 years average to 3.60%
Total Income has increased 2.87 CAGR in last 3 years
Total income growth is not so good in last 4 quarters
Net Profit has declined 0.00 CAGR in last 3 years
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.4 | 8.8 |
| TTM Sales (₹ Cr.) | 1,413 | 1,582 |
| BVPS (₹.) ⓘ | 234.9 | 247.2 |
| Reserves (₹ Cr.) ⓘ | 2,985 | 3,228 |
| P/BV ⓘ | 1.35 | 1.28 |
| PE ⓘ | 72.10 | 36.01 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 187.55 / 339.70 |
| All Time Low / High (₹) | 104.10 / 606.60 |
| Market Cap (₹ Cr.) | 4,307 |
| Equity (₹ Cr.) | 136.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 30.6 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 331 | 1.6 | 380 | 13.7 | 384 | 9.1 | 420 | 16.3 |
| Adj EPS (₹) ⓘ | -2.2 | -120 | 9.6 | 1506.7 | 3 | N/A | 12.9 | N/A |
| Op. Profit Mgn % ⓘ | -1.62 | -664 bps | 2.68 | 224 bps | 1.53 | 167 bps | 3.36 | 471 bps |
| Net Profit Mgn % ⓘ | -0.63 | -382 bps | 2.38 | 221 bps | 0.72 | 130 bps | 2.87 | 426 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Piramal Enterprises | 1,023 | 2 (0.2%) | Small Cap | 10,020 | 23.1 | -16.8 | 44.3 | 0.9 |
| Edelweiss Financial | 87.1 | 1.7 (2%) | Small Cap | 9,500 | 4.9 | 5.6 | 17.5 | 1.6 |
| Manappuram Finance | 228.7 | -3 (-1.3%) | Small Cap | 8,848 | 23.3 | 24.8 | 10 | 1.5 |
| CreditAccess Grameen | 1,148.5 | 13 (1.1%) | Small Cap | 5,167 | 55.2 | 28 | 20.6 | 2.6 |
| Spandana Sphoorty | 316.9 | 11.7 (3.8%) | Small Cap | 2,424 | -66.2 | 20.7 | - | 0.7 |
| Fusion Finance | 171.7 | 6.3 (3.8%) | Small Cap | 2,317 | -57.2 | 21.8 | - | 1 |
| Muthoot Microfin | 162.3 | -1.3 (-0.8%) | Small Cap | 2,270 | 17.5 | 19.8 | 9.3 | 0.9 |
| Five Star Business | 810.2 | -17.5 (-2.1%) | Small Cap | 2,183 | 35 | 38.3 | 23.7 | 4.1 |
| Northern ARC Capital | 219.6 | -2.4 (-1.1%) | Small Cap | 1,829 | 17.4 | 15.3 | 12.8 | 1.1 |
| Fedbank Financial | 92.3 | -0.5 (-0.5%) | Small Cap | 1,577 | 5.9 | 15.5 | 15.6 | 1.4 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 528 | 644 | 720 | 798 | 1,209 | 1,599 | 1,294 | 1,177 | 1,708 | 1,517 |
| Interest Income | 528 | 644 | 719 | 789 | 1,206 | 1,597 | 1,280 | 1,163 | 1,174 | 1,393 |
| Other Income ⓘ | 0 | 0 | 1 | 9 | 3 | 1 | 14 | 15 | 533 | 124 |
| Expenditure ⓘ | 302 | 351 | 397 | 486 | 829 | 2,036 | 1,513 | 2,074 | 1,469 | 1,387 |
| Interest Expense ⓘ | 258 | 289 | 312 | 326 | 564 | 863 | 709 | 540 | 580 | 687 |
| Operating Expenses ⓘ | 40 | 56 | 71 | 152 | 244 | 304 | 326 | 372 | 400 | 491 |
| Provisions | 4 | 5 | 14 | 8 | 21 | 869 | 478 | 1,162 | 488 | 209 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 226 | 293 | 323 | 312 | 379 | -437 | -219 | -896 | 239 | 130 |
| Taxes ⓘ | 77 | 102 | 112 | 112 | 138 | -112 | -5 | -160 | 13 | 14 |
| Profit After Tax | 149 | 192 | 211 | 200 | 241 | -325 | -214 | -737 | 225 | 116 |
| Adjusted EPS (₹) | 21.8 | 26.1 | 26.9 | 25.5 | 26.1 | -35.1 | -17.3 | -58.4 | 16.6 | 8.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 8% | -3% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 1,285 | 1,542 | 1,903 | 2,075 | 3,006 | 2,681 | 3,698 | 2,929 | 3,112 | 3,235 |
| Share Capital ⓘ | 68 | 73 | 78 | 79 | 92 | 92 | 136 | 136 | 136 | 136 |
| Reserves ⓘ | 1,217 | 1,468 | 1,824 | 1,996 | 2,914 | 2,588 | 3,562 | 2,793 | 2,976 | 3,099 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 1,631 | 1,773 | 1,928 | 2,900 | 6,444 | 5,230 | 4,591 | 4,028 | 3,683 | 5,016 |
| Current Liabilities | 1,253 | 1,368 | 1,641 | 2,156 | 2,833 | 2,088 | 1,649 | 2,387 | 2,011 | 2,553 |
| Trade Payables | 2 | 3 | 5 | 9 | 19 | 11 | 4 | 3 | 8 | 1 |
| Short term borrowings | 344 | 499 | 787 | 1,863 | 2,603 | 1,787 | 1,276 | 1,881 | 1,655 | 2,255 |
| Other Liabilities | -346 | -503 | -792 | -1,872 | -2,622 | -1,798 | -1,280 | -1,884 | -1,663 | -2,256 |
| Total Liabilities ⓘ | 4,170 | 4,683 | 5,472 | 7,131 | 12,283 | 9,999 | 9,939 | 9,345 | 8,806 | 10,804 |
Assets | ||||||||||
| Non Current Asset | 2,495 | 3,103 | 4,005 | 5,970 | 10,743 | 8,721 | 7,723 | 8,382 | 7,365 | 9,290 |
| Loan Asset | 2,423 | 3,088 | 3,924 | 5,900 | 10,364 | 8,293 | 7,139 | 7,707 | 6,516 | 7,810 |
| Other Non Current Asset ⓘ | 71 | 15 | 81 | 69 | 380 | 428 | 584 | 675 | 849 | 1,480 |
| Current Asset | 1,675 | 1,580 | 1,467 | 1,161 | 1,539 | 1,278 | 2,215 | 963 | 1,441 | 1,514 |
| Current Investment | 0 | 0 | 124 | 1,007 | 301 | 231 | 1,404 | 317 | 856 | 309 |
| Other Current Asset | 1,675 | 1,580 | 1,344 | 154 | 1,238 | 1,047 | 812 | 646 | 584 | 1,205 |
| Total Assets ⓘ | 4,170 | 4,683 | 5,472 | 7,131 | 12,283 | 9,999 | 9,939 | 9,345 | 8,806 | 10,804 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -588 | -543 | -690 | -547 | -2,091 | 1,710 | 1,068 | -1,564 | 899 | -2,208 |
| Cash Flow From Investing Activity ⓘ | -226 | 317 | -194 | -842 | 260 | -2,272 | -992 | 1,165 | -259 | 683 |
| Cash Flow From Financing Activity ⓘ | 599 | 365 | 589 | 1,459 | 2,787 | -354 | 35 | 200 | -540 | 1,959 |
| Net Cash Flow ⓘ | -215 | 139 | -294 | 71 | 956 | -916 | 111 | -199 | 99 | 434 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 22 | 26 | 27 | 25 | 26 | -35 | -17 | -58 | 17 | 9 |
| DPS (₹) | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 188 | 210 | 243 | 257 | 319 | 281 | 294 | 210 | 227 | 236 |
Performance Ratios | ||||||||||
| ROA (%) | 4.0 | 4.3 | 4.2 | 3.2 | 2.5 | -2.9 | -2.2 | -7.6 | 2.5 | 1.2 |
| ROE (%) | 12.3 | 13.6 | 12.2 | 10.2 | 9.7 | -11.7 | -6.9 | -22.7 | 7.6 | 3.7 |
| ROCE (%) | 14.1 | 13.9 | 12.9 | 10.5 | 9.9 | 3.9 | 5.0 | -3.8 | 9.1 | 8.4 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 0.0 | 0.0 | 1.3 | 0.9 | 1.1 | 1.0 | 0.5 | 0.8 |
The company was incorporated on July 21, 2009 as ‘R V Vyapaar Private Limited’, a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, West Bengal. For business and commercial reasons, the name of company was subsequently changed to ‘IndoStar Capital Finance Private Limited’ pursuant to a special resolution passed by the shareholders of company on November 8, 2010. A fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, West Bengal on November 15, 2010. Thereafter, company was converted into a public limited company under the Companies Act, 2013 pursuant to a special resolution passed by the shareholders of company on April 30, 2014. Consequently, the name of Company was changed to ‘IndoStar Capital Finance Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, West Bengal on May 28, 2014. Further, the registered office of company was changed from West Bengal to Maharashtra pursuant to a special resolution passed by the shareholders of company on February 16, 2015. Subsequently, an order dated August 25, 2015 was issued by Regional Director (Eastern Region), Ministry of Corporate Affairs, Kolkata confirming the change in the registered office of the company from the state of West Bengal to the state of Maharashtra and a certificate of registration of the order, dated September 8, 2015 was issued by the RoC.
IndoStar is a non-banking finance company ‘NBFC’ registered with the Reserve Bank of India as a systemically important non-deposit taking company. The company is professionally managed and institutionally owned organisation engaged in providing structured term financing solutions to corporates, used and new Vehicle Financing for transporters, Home Finance through our wholly-owned subsidiary IndoStar Home Finance Private Limited and loans to SME borrowers in India. It has loans that suit the requirements so that your life takes-off. It is committed to finding new ways to develop value-based and innovative financial solutions for its customers.
Business area of the company
The company operates four principal lines of business, namely corporate lending, SME lending, vehicle financing and housing financing. The company’s corporate lending business primarily consists of lending to mid-to-large sized corporates in manufacturing, services and infrastructure industries, by way of senior secured debt, structured financing, promoter financing and special situation funding and lending to real estate developers, mainly for financing project level construction of residential and commercial building projects and take-out of early-stage equity investors.
IndoStar Products
Milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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