IKF Finance is currently trading at Rs. 12.74, up by 0.59 points or 4.86% from its previous closing of Rs. 12.15 on the BSE.
The scrip opened at Rs. 12.75 and has touched a high and low of Rs. 12.75 and Rs. 11.75 respectively. So far 4240 shares were traded on the counter.
The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.43 on 11-Jul-2011 and a 52 week low of Rs. 10.19 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs. 12.80 and Rs. 11.75 respectively. The current market cap of the company is Rs. 15.59 crore.
The promoters holding in the company stood at 45.46% while Non-Institutions held 54.54%.
Credit rating agency, CARE has reaffirmed the ‘BBB+’ rating assigned to long term bank facilities of IKF Finance amounting to Rs 175.00 crore. The agency has also reaffirmed the ‘BBB+’ rating assigned to non convertible debentures (NCD) issue of the company amounting to Rs 6.00 crore.
The rating factors in long track record of the company in financial sector, experienced management team and well developed loan origination and management systems. The rating also factors in the adequate capitalization, improving profitability, good asset quality and comfortable liquidity profile.
However, the rating is constrained by geographical concentration, moderate scale of operations and moderately diversified resource base. Asset quality, capitalization levels and diversification of portfolio are key rating sensitivities.
IKF Finance is one of the leading Non Banking Finance Companies in Southern India. IKF offers a variety of services including automobile loans, working capital loans etc. The company’s primary focus is on financing the purchase of commercial vehicles.
| Company Name | CMP |
|---|---|
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| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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