NSE: INDOSTAR · BSE: 541336 · ISIN INE896L01010
IndoStar Capital Finance Limited stock analysis
IndoStar Capital Finance Limited ranks #3980 in the TickerSutra evidence-ranked universe with a score of 36/100 and 95% data confidence. The latest captured fundamentals show ROCE of -2.6%, quarterly sales growth of 5.9% and quarterly profit growth of 102.4%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.17×
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- Operating margin has compressed materially
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,173cr | ₹-862cr | ₹-737cr | -74.0% |
| 2023 | ₹1,178cr | ₹277cr | ₹225cr | 24.0% |
| 2024 | ₹1,106cr | ₹97cr | ₹116cr | 9.0% |
| 2025 | ₹1,408cr | ₹82cr | ₹121cr | 6.0% |
| 2026 | ₹1,393cr | ₹-848cr | ₹140cr | -61.0% |
| TTM | ₹1,413cr | ₹-369cr | ₹-394cr | -26.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Intimation for Trading Window Closure for the half year ending 30th September, 2026
RoutineShareholders meetingNSE · 25 Sept 2026IndoStar Capital Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineIndostar Capital Finance Ltd - 541336 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 25 Sept 2026Scrutinizer''s Report and Voting results of the 17th Annual General Meeting
RoutineAppointmentNSE · 25 Sept 2026Appointment
RoutineUpdatesNSE · 25 Sept 2026Updates
MANAGEMENT COMMENTARY
Signals from filed documents
On profitability, our pre-provisioning operating profit stood at INR93 crores this quarter. The operating leverage in this model is coming through exactly as it should once disbursement and AUM scale ahead of our cost base and credit costs stabilize. On the liability side, we continue to strengthen and diversify our borrowing profile.
The large construction-linked accounts will take longer with a meaningful redemption expected over 18 to 36 months. Based on what we understand on this, we remain confident on the net carrying value, and we will keep assessing this on a quarterly basis. Net interest income for the quarter was around INR219 crores, up 39% year-on-year and 2% sequentially.
IndoStar Capital Finance Limited Registered Office: Silver Utopia, Third Floor, Unit No 301-A, Opposite P & G Plaza, Cardinal Gracious Road, Chakala, Andheri (E), Mumbai - 400099, India. | T +91 22 4315 7000 | contact@indostarcapital.com | www.indostarcapital.com CIN: L65100MH2009PLC268160 ICFL/LS/0086/2026-27 August 05, 2026 BSE Limited Listing Department, 1st Floor, P J Towers, Dalal Street, Fort, Mumbai - 400 001 Sc
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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