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Indostar Capital Finance Q2 FY27 Share Price & Earnings Call Analysis

₹184.72-4.46% today
Market cap
₹2,980 Cr
ROE
-23.91%
Price to sales
2.12
Debt to equity
1.45
52W high / low
₹275 / ₹163
Sales growth (5Y)
1.66%
EBITDA margin
14.93%
Net profit margin
-63.65%
Promoter holding
70.36%
Sales (last year)
₹1,413 Cr

Incorporated in July 2009, ICFL is registered with the Reserve Bank of India (RBI) as a systemically-important non-deposit taking NBFC.[1]

Guidance scorecard · Q2 FY27 call

What Indostar Capital Finance Ltd's management guided
and where it ranks in Finance

#29of 59 in
Finance
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Targeting 35% CAGR in disbursement growth over the next 3 years; started FY27 with 44% growth in Q1, above target.
  • Expansion of front-end sales force by 50% by March 2027 (already up 30% over last 6 months) to drive growth.
  • Branch network increase: 468 branches currently, aiming to cross 500 branches in the current year.
  • Focus on diversified portfolio with growth in vehicle finance (notably passenger cars now 21% of AUM) and Micro LAP segment expected to scale up (targeting doubling Micro LAP AUM in FY27).
  • Passenger car disbursements now higher than M&HCV; diversified approach across 5 product lines (Micro LAP, commercial vehicle, construction equipment, passenger vehicle, farm equipment) to reduce macro sensitivity.

2 more points from Indostar Capital Finance Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Indostar Capital Finance Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • IndoStar Capital Finance is investing in expanding its branch network, having added 14 branches in the recent quarter, totaling 468 branches across 24 states and union territories, with a target to cross 500 branches in the current year.
  • The company plans calibrated expansion of the Micro LAP business to other states like UP and Bihar in August and September, with a goal to double Micro LAP AUM during FY27.
  • Significant investments are being made in increasing the front-end sales force, which has already grown by 30% in the last 6 months, targeting a 50% increase by March 2027.
  • IndoStar is investing in digitization and technology to improve customer experience, loan underwriting, turnaround times (reduced by 44%), and productivity.

2 more points from Indostar Capital Finance Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Indostar Capital Finance Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The discussion primarily focuses on financial performance, portfolio mix, credit quality, disbursement trends, asset quality, borrowing costs, and geographic credit stress areas.
Full Q1 FY27 analysis
Full Finance ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Indostar Capital Finance Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,742 Cr71.8
240%+Up 2%+₹464 Cr23.9
340%+Up 0–2%₹961 Cr32.7
440%+Flat₹23,820 Cr21.1
540%+Flat₹16,498 Cr72.4
640%+Flat₹15,549 Cr—

Sign up free to see every company in the sector ranking and track Indostar Capital Finance Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Finance ranking

Financials of Indostar Capital Finance Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Indostar Capital Finance Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +75.00%75.00%73.60%73.60%73.59%73.29%72.98%72.96%70.39%70.38%70.36%70.33%
FIIs +1.33%1.49%2.12%2.26%2.43%2.68%3.10%2.89%2.27%2.59%2.56%2.76%
DIIs +1.84%1.77%1.78%1.82%1.86%2.29%2.39%2.49%2.09%2.17%2.20%1.74%
Public +21.83%21.74%22.51%22.32%22.11%21.74%21.53%21.65%25.25%24.86%24.88%25.18%
No. of Shareholders72,85270,43569,11265,47564,72563,33262,57063,19761,87660,13459,07057,760

Financials of Indostar Capital Finance Ltd

Quarterly Results

Quarter-by-quarter operating performance

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +299234238391307352373373344357346347364
Interest154141145162167188193193185167137132144
Expenses +957876205124139162161622172193633204
Financing Profit4916172416261818-4641816-41815
Financing Margin %16%7%7%6%5%7%5%5%-135%5%5%-120%4%
Other Income +015719171417261,1860003
Depreciation8677887878866
Profit before tax4225173525322836715118-42411
Tax %7%0%0%0%0%0%0%0%24%0%0%0%0%
Net Profit +3925173525322836546108-42411
EPS in Rs2.861.821.242.591.832.332.042.6639.920.770.51-26.240.71
Gross NPA %
Net NPA %

Financials of Indostar Capital Finance Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue +5286447207891,2061,5971,2831,1731,1781,1061,4081,3931,413
Interest258289312326564863709540580580741621580
Expenses +4361831452441,1427581,4953214295861,6201,202
Financing Profit227294325318398-408-184-8622779782-848-369
Financing Margin %43%46%45%40%33%-26%-14%-74%24%9%6%-61%-26%
Other Income +00-0-1-01-21147691,1873
Depreciation1125183034354028312928
Profit before tax226293323312379-437-219-896239116121309-394
Tax %34%35%35%36%36%-26%-2%-18%6%0%0%55%
Net Profit +149192211200241-325-214-737225116121140-394
EPS in Rs29.1037.4226.9025.4626.10-35.11-17.30-54.1216.558.518.868.69-24.25
Dividend Payout %0%0%0%0%8%-3%0%0%0%0%0%0%

Financials of Indostar Capital Finance Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital687378799292124136136136136162
Reserves1,2171,4681,8241,9962,9142,5883,5622,7932,9763,0993,4993,621
Borrowing2,5743,0013,3734,8239,0627,1426,0206,2235,6487,5726,9165,477
Other Liabilities +1331512132962323063765083573002,704257
Total Liabilities3,9924,6935,4897,19412,30010,12910,0829,6619,11611,10713,2569,517
Fixed Assets +13956370383366386377381365355
CWIP000800000000
Investments5501871,0073012311,5915481,0391,1181,818982
Other Assets +3,9364,6905,2936,12311,6299,5158,1258,7277,7009,60811,0738,180
Total Assets3,9924,6935,4897,19412,30010,12910,0829,6619,11611,10713,2569,517

Financials of Indostar Capital Finance Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-690-547-2,0911,7101,068-1,564899-2,208-1,061-989
Cash from Investing Activity +-194-842260-2,272-9921,165-259683-3052,259
Cash from Financing Activity +5891,4592,787-35435200-5401,9591,070-1,330
Net Cash Flow-29471956-916111-19999434-296-60
Free Cash Flow-697-603-2,1141,6681,064-1,600873-2,222-1,085-1,002

Financials of Indostar Capital Finance Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %12%14%12%10%9%-11%-7%-22%7%1%-0%-24%

Guidance history

How Indostar Capital Finance Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →20–40%FlatPlannedPlannedRising
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

14out of 100

Momentum score · price trend

14 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−24.6%31%
Last 6 months−8.9%39%
Last 3 months−29.1%4%

The price is 68.6% below its all-time high of ₹588.3 (25 May 2018). Stocks more than 20% below their peak have their score halved, so 28 became 14.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Indostar Capital Finance Ltd: 0.4 × 31 + 0.4 × 39 + 0.2 × 4 = 28, halved to 14 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Indostar Capital Finance Ltd's management said in earlier quarters

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