Indostar Capital Finance Ltd - Stock Valuation and Financial Performance

BSE: 541336 | NSE: INDOSTAR | Finance - NBFC | Small Cap

Indostar Capital Fin Share Price

189.40 1.35 0.72%
as on 28-Mar'24 15:13

DeciZen - make an informed investing decision on Indostar Capital Fin

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Indostar Capital Finance stock performance -

mw4me loader
P/E Ratio (CD):
16.35
Market Cap:
2,559 Cr.
52-wk low:
104.1
52-wk high:
231.2

Is Indostar Capital Finance Ltd an attractive stock to invest in?

1. Is Indostar Capital Finance Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indostar Capital Finance Ltd is a below average quality company.

2. Is Indostar Capital Finance Ltd undervalued or overvalued?

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.

3. Is Indostar Capital Finance Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indostar Capital Finance Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indostar Capital Fin:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)3955286447197891,2061,5971,2801,1631,1741,204
YoY Gr. Rt. %-33.8%22%11.7%9.7%52.8%32.5%-19.9%-9.2%1%-
Adj EPS (₹ ) 16.421.826.126.925.526.1-35.1-17.3-58.416.611.5
YoY Gr. Rt. %-32.9%19.9%3%-5.4%2.5%-234.5%NANANA-
BVPS (₹ )166.2188210.2242.8256.6318.6280.8293.6210227.1234.7
YoY Gr. Rt. %-13.1%11.8%15.5%5.7%24.2%-11.9%4.6%-28.5%8.1%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)3.444.34.23.22.5-2.9-2.2-7.62.50

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income12.9%8.3%-9.8%1%
Adj EPS0.1%-8.3%NANA
BVPS3.5%-2.4%-6.8%8.1%
Share Price - -13.1% -15.7% 74.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)28.428.229.829.325.420-20.3-16.7-63.419.213
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)9.912.313.612.210.29.7-11.7-6.9-22.77.64.9

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 5.00%

Total Income has declined -1.39 CAGR in last 3 years

Net Profit has declined 0.00 CAGR in last 3 years

Total income growth is poor in last 4 quarters

Latest Financials - Indostar Capital Finance Ltd.

Standalone Consolidated
TTM EPS (₹) 9.2 11.5
TTM Sales (₹ Cr.) 949 1,204
BVPS (₹.) 226 234.7
Reserves (₹ Cr.) 2,940 3,057
P/BV 0.83 0.80
PE 20.45 16.35
From the Market
52 Week Low / High (₹) 104.10 / 231.15
All Time Low / High (₹) 104.10 / 606.60
Market Cap (₹ Cr.) 2,559
Equity (₹ Cr.) 136.1
Face Value (₹) 10
Industry PE 30.6

Management X-Ray of Indostar Capital Fin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indostar Capital Fin

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income4035286447207981,2091,5991,2941,1771,708
Interest Income3955286447197891,2061,5971,2801,1631,174
Other Income 80019311415533
Expenditure 2343023513974868292,0361,5132,0741,469
Interest Expense 192258289312326564863709540580
Operating Expenses 34405671152244304326372400
Provisions 845148218694781,162488
Exceptional Items 0000000000
Profit Before Tax 169226293323312379-437-219-896239
Taxes 5777102112112138-112-5-16013
Profit After Tax 112149192211200241-325-214-737225
Adjusted EPS (₹)16.421.826.126.925.526.1-35.1-17.3-58.416.6
Dividend Payout Ratio (%)0%0%0%0%0%8%-3%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital1,1361,2851,5421,9032,0753,0062,6813,6982,9293,112
Share Capital 68687378799292136136136
Reserves 1,0671,2171,4681,8241,9962,9142,5883,5622,7932,976
Minority Interest0000000000
Long Term Borrowings1,2521,6311,7731,9282,9006,4445,2304,5914,0283,683
Current Liabilities 8741,2531,3681,6412,1562,8332,0881,6492,3872,011
Trade Payables023591911438
Short term borrowings1673444997871,8632,6031,7871,2761,8811,655
Other Liabilities-167-346-503-792-1,872-2,622-1,798-1,280-1,884-1,663
Total Liabilities 3,2624,1704,6835,4727,13112,2839,9999,9399,3458,806

Assets

Non Current Asset 2,2092,4953,1034,0055,97010,7438,7217,7238,3827,365
Loan Asset 2,1282,4233,0883,9245,90010,3648,2937,1397,7076,516
Other Non Current Asset 8171158169380428584675849
Current Asset 1,0531,6751,5801,4671,1611,5391,2782,2159631,441
Current Investment0001241,0073012311,404317856
Other Current Asset1,0531,6751,5801,3441541,2381,047812646584
Total Assets 3,2624,1704,6835,4727,13112,2839,9999,9399,3458,806

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -383-588-543-690-547-2,0911,7101,068-1,564899
Cash Flow From Investing Activity 32-226317-194-842260-2,272-9921,165-259
Cash Flow From Financing Activity 5165993655891,4592,787-35435200-540
Net Cash Flow 165-215139-29471956-916111-19999
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)162226272526-35-17-5817
DPS (₹)0000021000
BVPS (₹)166188210243257319281294210227

Performance Ratios

ROA (%)3.44.04.34.23.22.5-2.9-2.2-7.62.5
ROE (%)9.912.313.612.210.29.7-11.7-6.9-22.77.6
ROCE (%)11.914.113.912.910.59.93.95.0-3.89.1

Valuation Parameters

Price/Book(x)0.00.00.00.00.01.30.91.11.00.5

Indostar Capital Finance Ltd Stock News

Indostar Capital Finance Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indostar Capital Fin on 28-Mar-2024 15:13 is ₹189.4.
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 28-Mar-2024 15:13 the market cap of Indostar Capital Fin stood at ₹2,559.
The latest P/E ratio of Indostar Capital Fin as of 28-Mar-2024 15:13 is 20.45.
The latest P/B ratio of Indostar Capital Fin as of 28-Mar-2024 15:13 is 0.83.
The 52-week high of Indostar Capital Fin is ₹231.2 and the 52-week low is ₹104.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indostar Capital Fin is ₹949.5 ( Cr.) .

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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