INDOSTAR · IndoStar Capital Finance Ltd · Consumer Financial Services
INDOSTAR · IndoStar Capital Finance Ltd · Consumer Financial Services
As of 06 Nov close
52-week range
34.3% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹354 Cr
Revenue YoY
PAT YoY
-97.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.1
P/S (TTM)
2.9
Sector P/E
24.3
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| INDOSTAR (this stock) | Not meaningful (earnings negative over the last 12 months) | 1.1 | -28.5% | -10.4% | 1.45 | 0.0% |
| Bajaj Finance | 30.8 | 5.7 | +23.8% | +17.8% | 3.22 | +0.5% |
| Shriram Finance | 18.4 | 3.6 | +22.8% | +17.2% | 3.8 | +1.1% |
| Jio Financial Services | 95.5 | 1.2 | +49.8% | Not available from data source | 11.81 | +0.2% |
Promoter
stable
FII
stable
MF
0.01% (0.00pp)
stable
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 05 Nov 2026 | Hemant Kaul | BUY | 7,000 | ₹13.77 lakh |
| 05 Nov 2026 | Hemant Kaul | BUY | 1 | ₹195 |
| 04 Nov 2026 | Hemant Kaul | BUY | 1 | ₹199 |
| 30 Sept 2026 | DIPESH JAGDISH MEHTA | SELL | 2,800 | ₹5.92 lakh |
| 28 Sept 2026 | DIPESH JAGDISH MEHTA | SELL | 4,001 | ₹8.51 lakh |
| 25 Sept 2026 | DIPESH JAGDISH MEHTA | SELL | 2,199 | ₹4.84 lakh |
| 31 Aug 2026 | SHIVJEET SANJAY DESHMUKH | SELL | 7,091 | ₹17.4 lakh |
| 31 Aug 2026 | SHIVJEET SANJAY DESHMUKH | SELL | 164 | ₹40,250 |
| 25 Jun 2026 | Samrat Rasiklal Modi | SELL | 1,091 | ₹2.84 lakh |
| 25 Jun 2026 | Samrat Rasiklal Modi | SELL | 1,091 | ₹2.84 lakh |
| 12 Jun 2026 | ARVIND UPPAL | SELL | 6,440 | ₹15.45 lakh |
| 12 Jun 2026 | ARVIND UPPAL | SELL | 276 | ₹66,226 |
| 12 Jun 2026 | ARVIND UPPAL | SELL | 6,440 | ₹15.45 lakh |
| 12 Jun 2026 | ARVIND UPPAL | SELL | 276 | ₹66,226 |
| 10 Jun 2026 | ARVIND UPPAL | SELL | 287 | ₹70,504 |
| 10 Jun 2026 | ARVIND UPPAL | SELL | 287 | ₹70,504 |
| 10 Jun 2026 | ARVIND UPPAL | SELL | 1,233 | ₹3.03 lakh |
| 10 Jun 2026 | ARVIND UPPAL | SELL | 1,233 | ₹3.03 lakh |
| 09 Jun 2026 | ARVIND UPPAL | SELL | 27,960 | ₹68.87 lakh |
| 09 Jun 2026 | ARVIND UPPAL | SELL | 6,304 | ₹15.53 lakh |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: IndoStar Capital Finance Limited reported Q1 FY27 results with retail disbursements of INR1,235 crores, up 44% year-on-year, driven by improved underwriting standards and a more diversified product mix. The company noted a significant reduction in early delinquency ratios (2.29% vs. 5.55% in Q1 FY26) and non-starter ratios (1.65% vs. 3.76% in Q1 FY26), reflecting stronger portfolio quality. Micro LAP business saw disbursements of INR50 crores, up 85% year-on-year, with AUM at INR217 crores. The company emphasized disciplined growth strategies, including expansion of branch networks, technology-driven processes, and focus on prime customers. Management guided toward a 35% CAGR in disbursements over the next three years and a target PAT of INR450-500 crores. The company also highlighted improved liquidity management, with excess liquidity of INR529 crores maintained during the quarter. While macroeconomic challenges like monsoon uncertainty and global inflation persist, the company remains focused on sustainable growth and risk management.
The document highlights strong performance metrics, improved asset quality, and strategic growth initiatives, indicating a positive outlook.
Sourced from an exchange-filed transcript, dated 05 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: IndoStar Capital Finance Limited's investor presentation detailed the company's unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Management highlighted a strong presence in the used vehicle finance and micro loan against property (Micro LAP) segments, with a pan-India distribution network of 468 branches. The company reported a healthy net interest margin of approximately 8.8% and a capital adequacy ratio exceeding 34%. Key performance indicators included an increase in assets under management to ₹8,244 crores and a rise in the number of employees to 4,752. The presentation also noted a focus on improving asset quality, with gross stage 3 assets at 4.8% and a provision coverage ratio of 49.9%. Management emphasized a disciplined approach to underwriting and collections, alongside a commitment to digital transformation and operational efficiency.
Management emphasized strong fundamentals and growth potential.
Sourced from an exchange-filed presentation, dated 29 Jul 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: IndoStar Capital Finance Limited held its Q4 FY26 Earnings Conference Call on May 28, 2026, where management provided insights into the company's performance and strategic direction. Management reported that FY26 was a year of significant transformation, focusing on improving asset quality and credit underwriting. They highlighted a 68% reduction in non-starter percentages and a shift in portfolio diversification, with MHCV disbursements decreasing from 57% to 31%. The company expanded its sales force and branch network, leading to a 40% year-on-year growth in disbursements in early FY27. Financially, the total loan portfolio reached INR8,056 crores, with disbursements of INR1,306 crores in Q4 FY26. Management set a goal of achieving a profit after tax of INR450 crores to INR500 crores by FY29, supported by a 35% CAGR growth in disbursements. The call concluded with a Q&A session addressing various investor inquiries.
Management emphasized strong growth and improvements in asset quality.
Sourced from an exchange-filed transcript, dated 03 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: IndoStar Capital Finance Limited's investor presentation detailed the company's audited standalone and consolidated financial results for the fiscal year ending March 31, 2026. The presentation highlighted a strong presence in vehicle finance and micro loan against property (Micro LAP), with a total asset under management (AUM) of ₹8,056 crores, up from ₹7,963 crores in the previous year. The company reported a profit after tax of ₹130.2 crores, a significant increase from ₹52.6 crores in FY25. Key performance indicators included a capital adequacy ratio of 36.1% and a net interest margin of 7.8%. The document emphasized the company's focus on disciplined underwriting and proactive collections to maintain asset quality, with gross stage 3 assets at 4.8%. Management noted a strong liquidity profile and a diversified borrowing structure, supporting operational resilience and growth opportunities.
Management emphasized strong financial performance and growth in key segments.
Sourced from an exchange-filed presentation, dated 28 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: IndoStar Capital Finance Limited's investor presentation detailed the company's unaudited financial results for the quarter and nine months ended December 31, 2025. The presentation highlighted a strategic transition towards retail-led growth, focusing on vehicle finance and micro loans. Management reported a total asset under management (AUM) of ₹7,692 crores, with disbursements reaching ₹1,117 crores in Q3FY26. The company emphasized improvements in asset quality, with gross stage 3 assets decreasing to 4.06% and net stage 3 assets to 1.76%. The capital adequacy ratio was reported at 41.4%, and the cost of borrowings decreased to 10.3%. Management also noted a disciplined approach to underwriting and collections, alongside a strong liquidity profile. The presentation concluded with an overview of the management team and ownership structure, indicating a significant promoter stake of 70.39%.
The presentation provided a balanced overview of financial performance and strategic initiatives.
Sourced from an exchange-filed presentation, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedIndoStar Capital Finance Limited's FY2024-25 annual report highlights the company's compliance with regulatory requirements and its adherence to corporate governance standards. The report confirms that none of the directors are disqualified or debarred from holding office, and they meet the 'Fit and Proper' criteria set by the RBI. The company has not faced any regulatory actions or defaults in loan repayments. The financial statements show that the company has maintained its going concern status without any material uncertainties. The report also mentions the company's focus on credit risk management, liquidity, and operational efficiency, with detailed internal audit processes and risk mitigation strategies in place. The company has also made progress in its digital transformation and customer-centric strategies.
- Directors Devdutt Marathe and Vishal Goenka are not debarred or disqualified and meet RBI's 'Fit and Proper' criteria.
- No regulatory actions, defaults, or material changes affecting financial position were noted during the year.
- The company has maintained its going concern status with no material uncertainties identified.
- Credit risk management and liquidity strategies are emphasized with detailed internal audit processes.
- Progress in digital transformation and customer-centric strategies is highlighted.
Key takeaway: IndoStar Capital Finance Limited has maintained compliance with regulatory standards, avoided defaults, and upheld its going concern status, with a focus on risk management and strategic growth initiatives.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (4 items); Default / Covenant Breach (3 items); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesEarlier (1-3 years ago)
The statutory auditor resigned during the year due to regulatory requirements, and there were no issues, objections, or concerns raised by the outgoing auditor.
Older (3+ years ago)
Deloitte Haskins & Sells LLP issued a qualified opinion on IndoStar Capital Finance Limited's standalone financial statements for the year ended March 31, 2023.
Regulatory Action
4 occurrencesRecent (last 12 months)
The company was fined by NSE and BSE for non-compliance with SEBI Listing Regulations, including a fine of ₹5,900 by NSE and ₹10,000 by BSE for delays and non-disclosure of related party transactions.
Earlier (1-3 years ago)
The company was fined by BSE and NSE for non-compliance with board composition and nomination committee regulations in FY 2024-25, and for delayed intimation of interest payments and record dates in FY 2023-24.
The company was fined by BSE for delays in intimation of payment of interest on non-convertible debentures and record date for the same, and by RBI for non-compliances observed in its statutory inspection as of March 31, 2022.
Older (3+ years ago)
The company was fined by BSE and NSE for non-maintenance of minimum public shareholding, and had its promoters' positions frozen by SEBI as per a circular.
Default / Covenant Breach
3 occurrencesRecent (last 12 months)
The company has recognized necessary provisions for delays or defaults in repayment of principal and/or interest, as disclosed in Note 46 to the Standalone Financial Statements.
Earlier (1-3 years ago)
The company has 2,847 cases of loans and advances where principal and interest are overdue for more than ninety days, with total overdue amounts in lakhs. The company has taken reasonable steps for recovery.
The company has recognized necessary provisions for delays or defaults in repayment of principal and/or interest in accordance with Ind AS and RBI guidelines, as disclosed in Note 45 to the standalone financial statements.
Investigation or enforcement mention
1 occurrenceEarlier (1-3 years ago)
The company reported no cases of fraud during the year ended 31 March 2024, and no amounts were involved, recovered, or written off.
Routine disclosures
Internal Control Weakness
1 occurrenceOlder (3+ years ago)
The company identified deviations to policies and gaps in internal financial controls and systems in its commercial vehicles and SME businesses, leading to a Conduct Review initiated by the Audit Committee. The review focused on control gaps, control override, and individuals involved, and the company has taken remedial measures including senior managerial changes and improved controls.
Contingent Liability
4 occurrencesRecent (last 12 months)
The company has contingent liabilities including corporate guarantees and litigation cases filed against it as of March 31, 2026.
Earlier (1-3 years ago)
The company has contingent liabilities including corporate guarantees given to banks and litigation cases filed against it as of March 31, 2025.
INDOSTAR CAPITAL FINANCE LIMITED has contingent liabilities including corporate guarantees given to banks and litigation cases filed against the company as of 31 March 2024.
Older (3+ years ago)
The company has corporate guarantees given to banks as contingent liabilities as of 31 March 2023.
Related-Party Transaction
4 occurrencesRecent (last 12 months)
The company had a related-party transaction with BCP V Multiple Holdings Pte Ltd., the holding company, for an amount not exceeding ₹1,000 crore, which was approved by a special resolution in the general body meeting for the financial year 2022-23.
Earlier (1-3 years ago)
IndoStar Capital Finance Limited has related party transactions with Brookfield Asset Management Inc., BCP V Multiple Holdings Pte. Ltd., and Key Managerial Personnel (KMP) as disclosed in Note 34.
The company approved a Material Related Party Transaction for an amount not exceeding ₹1,000 crore with BCP V Multiple Holdings Pte Ltd., the holding company of the Company at arm’s length and in the ordinary course of business of the Company.
Older (3+ years ago)
The company approved material related party transactions with BCP V Multiple Holding Pte. Ltd., the holding company of the Company, during the audit period.
Management & Board Governance
3 occurrencesRecent (last 12 months)
Mr. Karthikeyan Srinivasan, Whole-Time Director & CEO, resigned from the Board of Directors during the year under review.
Earlier (1-3 years ago)
The company failed to comply with Regulation 17(1)(b) by not having at least one-third of its Board of Directors as Independent Directors from March 5, 2025, and also violated Regulation 19(2) by appointing the Chairperson of the Board as Chairperson of the Nomination & Remuneration Committee effective March 5, 2025.
Older (3+ years ago)
The CEO and CFO resigned in February 2023 and July 2022 respectively, with remuneration for FY 2022-23 annualised.