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About
Indostar Capital Finance Ltd (INDOSTAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541336 NSE: INDOSTAR Finance - NBFC | Small Cap | Indostar Capital Fin Share Price
₹218.55 0.55 (0.25%)
As on 25-Sep'26 16:59
Indostar Capital Finance Ltd (INDOSTAR)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 541336 NSE: INDOSTAR Finance - NBFC | Small Cap | Indostar Capital Fin Share Price
₹218.55 0.55 (0.25%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹3,533 Cr.
Current Price
₹218.6
52-Week Low / High
₹179 / 291
TTM EPS
₹-24.4
Book Value per Share
₹232.1
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
26
Price to Book (P/B)
0.94
Higher than its 5-year historical median
EV/EBITDA
41.84
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
3.68%
Outperforms industry median
Return on Capital Employed (ROCE)
9.29%
Outperforms industry median
Return on Assets (ROA)
1.18%
Underperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
16.39%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
0.52%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
2.09%
TTM Sales
₹1,413 Cr.
Reserves
₹3,591 Cr.
Equity
₹161.7 Cr.
Face Value
₹10
All Time Low / High
₹104.10 / 606.60
Check Before You Invest
Quality
Not GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is Indostar Capital Finance Ltd a good quality company?
Indostar Capital Finance Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does Indostar Capital Finance Ltd performance compare with that of its Peers?
AUM Growth of Indostar Capital Finance Ltd vs Industry Peers?
Indostar Capital Finance Ltd AUM CAGR is -1.54%, compared to the 5-year industry median CAGR of 10.14%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Indostar Capital Finance Ltd?
Promoters hold 70.36% of the Indostar Capital Finance Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Indostar Capital Finance Ltd over the last decade?
Over the last 5 years, the stock has delivered a CAGR of -5.38% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indostar Capital Finance Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 715 | 787 | 1,177 | 1,540 | 1,188 | 1,042 | 969 | 1,104 | 1,404 | 1,393 | 1,413 | |
| YoY Gr. Rt. % | - | 10.1% | 49.6% | 30.8% | -22.9% | -12.3% | -7% | 14% | 27.2% | -0.8% | - | |
| Adj EPS (₹ ) | 26.7 | 26.9 | 27.7 | -36.8 | -19.5 | -60.8 | 13.8 | 5.3 | 3.9 | 8.1 | -24.4 | |
| YoY Gr. Rt. % | - | 1% | 2.6% | -233.1% | NA | NA | NA | -61.8% | -26.6% | 108.8% | - | |
| BVPS (₹ ) | 242.5 | 257.8 | 321.2 | 281.7 | 292 | 206.3 | 220.6 | 226.4 | 230.1 | 231.3 | 231.8 | |
| YoY Gr. Rt. % | - | 6.3% | 24.6% | -12.3% | 3.7% | -29.4% | 6.9% | 2.6% | 1.6% | 0.5% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 4.1 | 3.4 | 2.6 | -3.1 | -2.5 | -8.5 | 2.3 | 0.9 | 0.5 | 1.3 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 7.7% | 3.2% | 12.9% | -0.8% | ||||
| Adj EPS | -12.5% | NA | -16.3% | 108.8% | ||||
| BVPS | -0.5% | -4.6% | 1.6% | 0.5% | ||||
| Share Price | - | -5.5% | 7.9% | -13.6% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | 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 (%) | 29.2 | 26.9 | 21.7 | -22.1 | -20.3 | -73.8 | 19.3 | 6.5 | 3.8 | 9.4 | -27.9 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 12.2 | 10.8 | 10.2 | -12.2 | -7.8 | -24 | 6.5 | 2.4 | 1.7 | 3.8 | -10.5 | |
Valuation of Indostar Capital Fin - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 720 | 798 | 1,209 | 1,599 | 1,294 | 1,177 | 1,708 | 1,229 | 1,481 | 1,397 |
| Exceptional Items ⓘ | 1 | 9 | 3 | 1 | 14 | 15 | 533 | 126 | 77 | 4 |
| Expenditure ⓘ + | 397 | 486 | 829 | 2,036 | 1,513 | 2,074 | 1,469 | 1,158 | 1,428 | 2,273 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,176 |
| Profit Before Tax ⓘ | 323 | 312 | 379 | -437 | -219 | -896 | 239 | 70 | 53 | 299 |
| Taxes ⓘ | 112 | 112 | 138 | -112 | -5 | -160 | 13 | 0 | 0 | 169 |
| Profit After Tax | 211 | 200 | 241 | -325 | -214 | -737 | 225 | 70 | 52 | 130 |
| Adjusted EPS (₹) | 26.9 | 25.5 | 26.1 | -35.1 | -17.3 | -58.4 | 16.6 | 8.5 | 8.9 | 8.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 7.70% | -2.90% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 1,903 | 2,075 | 3,006 | 2,681 | 3,698 | 2,929 | 3,112 | 3,235 | 3,380 | 3,783 |
| Short term borrowings | 787 | 1,863 | 2,603 | 1,787 | 1,276 | 1,881 | 1,655 | 3,018 | 3,734 | 3,303 |
| Long Term Borrowings | 1,928 | 2,900 | 6,444 | 5,230 | 4,591 | 4,028 | 3,683 | 4,293 | 2,901 | 1,905 |
| Current Liabilities | 1,641 | 2,156 | 2,833 | 2,088 | 1,649 | 2,387 | 2,011 | 3,276 | 4,118 | 3,511 |
| Trade Payables | 5 | 9 | 19 | 11 | 4 | 3 | 8 | 1 | 0 | 0 |
| Other Liabilities | -792 | -1,872 | -2,622 | -1,798 | -1,280 | -1,884 | -1,663 | -3,020 | -1,194 | -3,304 |
| Total Liabilities ⓘ | 5,472 | 7,131 | 12,283 | 9,999 | 9,939 | 9,345 | 8,806 | 10,804 | 12,939 | 9,199 |
Assets | ||||||||||
| Non Current Asset + | 4,005 | 5,970 | 10,743 | 8,721 | 7,723 | 8,382 | 7,365 | 9,655 | 9,050 | 8,723 |
| Current Asset + | 1,467 | 1,161 | 1,539 | 1,278 | 2,215 | 963 | 1,441 | 1,149 | 3,889 | 476 |
| Total Assets ⓘ | 5,472 | 7,131 | 12,283 | 9,999 | 9,939 | 9,345 | 8,806 | 10,804 | 12,939 | 9,199 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -690 | -547 | -2,091 | 1,710 | 1,068 | -1,564 | 899 | -1,719 | -1,061 | -989 |
| Cash Flow From Investing Activity ⓘ | -194 | -842 | 260 | -2,272 | -992 | 1,165 | -259 | 674 | -305 | 2,259 |
| Cash Flow From Financing Activity ⓘ | 589 | 1,459 | 2,787 | -354 | 35 | 200 | -540 | 1,267 | 1,070 | -1,330 |
| Net Cash Flow ⓘ | -294 | 71 | 956 | -916 | 111 | -199 | 99 | 223 | -296 | -60 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 26.90 | 25.50 | 26.10 | -35.10 | -17.30 | -58.40 | 16.60 | 8.50 | 8.90 | 8.70 |
| DPS (₹) | 0 | 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 242.8 | 256.6 | 318.6 | 280.8 | 293.6 | 210 | 227.1 | 236.2 | 245.1 | 231.6 |
Performance Ratios | ||||||||||
| ROA (%) | 4.2 | 3.2 | 2.5 | -2.9 | -2.2 | -7.6 | 2.5 | 0.7 | 0.4 | 1.2 |
| ROE (%) | 12.2 | 10.2 | 9.7 | -11.7 | -6.9 | -22.7 | 7.6 | 2.2 | 1.6 | 3.7 |
| ROCE (%) | 12.9 | 10.5 | 9.9 | 3.9 | 5.0 | -3.8 | 9.1 | 6.6 | 7.4 | 9.3 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.0 | 1.3 | 0.9 | 1.1 | 1.0 | 0.5 | 0.8 | 1.3 | 0.8 |
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Indostar Capital Finance Ltd FAQs
The current trading price of Indostar Capital Fin on 25-Sep-2026 16:59 is ₹218.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Indostar Capital Fin stood at ₹3,533.3 Cr
The latest P/E ratio of Indostar Capital Fin as of 24-Sep-2026 is 0.00.
The latest P/B ratio of Indostar Capital Fin as of 24-Sep-2026 is 0.94.
The 52-week high of Indostar Capital Fin is ₹291.1 and the 52-week low is ₹178.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indostar Capital Fin is ₹1,413 ( Cr.) .
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 Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indostar Capital Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Indostar Capital Finance Ltd
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
- Corporate Lending
- SME Finance
- Vehicle Finance
- Home Finance
Milestones
- 2009: Incorporation of the company as 'R V Vyapaar Private Limited'.
- 2010: Registered as a non-public deposit taking non-banking financial company with the RBI.
- 2010: Change of name to 'IndoStar Capital Finance Private Limited'.
- 2011: Received investment from Indostar Capital.
- 2012: The company entered into its first loan facility agreement.
- 2012: The company received external credit rating of CARE A1+ from CARE for its proposed commercial papers with a limit of Rs 500 million.
- 2012: Issuance of NCDs worth Rs 2,000 million.
- 2013: Incorporation of 'IndoStar Asset Advisory Private Limited'.
- 2014: Conversion to public limited company.
- 2015: Registered office shifted from Kolkata to Mumbai.
- 2015: Launch of SME business and disbursement of first SME loan.
- 2016: Launch of housing finance business and incorporation of 'IndoStar Home Finance Private Limited'.
- 2016: Implementation of OmniFin.
- 2017: Disbursement of first housing loan.
- 2017: Launch of vehicle finance business and disbursement of first vehicle finance loan.
- 2018: Opening of the 100th branch of the company.
- 2018: The company reaches employee count of 1,000
- 2020: Everstone Group inks agreement with Brookfield for investment in IndoStar Capital Finance
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