IIFLCAPS

IIFL Capital Services Limited

Diversified capital markets firm offering broking, wealth management and investment banking services

Financial Services›Financial Services›Capital Markets›Stockbroking & Allied

iifl.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹347.35
Market cap
10,888 Cr
Stock P/E
19.1
P/B
3.52
Dividend yield
0.9%
ROE (FY26)
18.3%
ROCE (FY26)
19.7%
Operating margin (FY26)
32.4%
Debt / equity (FY26)
0.59

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

IIFL Capital Services is an Indian stockbroker and wealth manager that serves retail and wealthy investors through share broking and sale of mutual funds and other financial products, and serves institutions through research, equity sales and investment banking.

Company snapshot

6thBy market cap

Ranked among 31 companies in Stockbroking & Allied.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 95.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Capital market activity
95.3%
555 Cr220 Cr8,605 Cr
Facilities and ancillary
7.1%
41 Cr23 Cr743 Cr
Insurance broking and ancillary
10.1%
59 Cr7 Cr106 Cr

Shares add up to 112% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 23.3% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income45 Cr47 Cr51 Cr56 Cr64 Cr66 Cr54 Cr60 Cr52 Cr61 Cr55 Cr59 Cr
Other income27 Cr23 Cr18 Cr4 Cr58 Cr64 Cr36 Cr63 Cr-25 Cr134 Cr10 Cr90 Cr
Net operating income72 Cr71 Cr69 Cr60 Cr122 Cr130 Cr90 Cr123 Cr27 Cr195 Cr66 Cr148 Cr
Employee cost127 Cr118 Cr122 Cr130 Cr149 Cr149 Cr163 Cr176 Cr154 Cr175 Cr183 Cr179 Cr
Other expenses107 Cr88 Cr98 Cr83 Cr87 Cr71 Cr80 Cr86 Cr87 Cr91 Cr86 Cr88 Cr
Provisions & contingencies————————————
Depreciation16 Cr18 Cr63 Cr12 Cr13 Cr14 Cr16 Cr16 Cr15 Cr17 Cr17 Cr17 Cr
Profit before tax140 Cr203 Cr237 Cr248 Cr264 Cr250 Cr163 Cr228 Cr120 Cr254 Cr155 Cr239 Cr
Tax %22.8%25.9%24.0%26.4%22.1%21.1%21.6%22.9%29.0%26.1%25.5%23.0%
Net profit108 Cr151 Cr181 Cr182 Cr205 Cr197 Cr128 Cr176 Cr85 Cr188 Cr115 Cr184 Cr
EPS (₹)₹3.53₹4.91₹5.87₹5.94₹6.67₹6.39₹4.14₹5.67₹2.72₹6.03₹3.69₹5.92

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income—-39 Cr25 Cr78 Cr127 Cr181 Cr239 Cr228 CrSign in free for the trailing twelve months
Other income40 Cr66 Cr77 Cr84 Cr18 Cr70 Cr162 Cr183 CrSign in free for the trailing twelve months
Net operating income40 Cr27 Cr102 Cr162 Cr145 Cr251 Cr402 Cr411 CrSign in free for the trailing twelve months
Employee cost257 Cr221 Cr211 Cr324 Cr358 Cr457 Cr591 Cr687 CrSign in free for the trailing twelve months
Other expenses113 Cr128 Cr159 Cr215 Cr255 Cr353 Cr321 Cr350 CrSign in free for the trailing twelve months
Provisions & contingencies————————Sign in free for the trailing twelve months
Depreciation42 Cr55 Cr46 Cr63 Cr67 Cr114 Cr55 Cr65 CrSign in free for the trailing twelve months
Profit before tax258 Cr301 Cr285 Cr402 Cr341 Cr683 Cr925 Cr756 CrSign in free for the trailing twelve months
Tax %33.6%22.4%22.6%23.9%26.7%24.8%22.9%25.5%Sign in free for the trailing twelve months
Net profit171 Cr234 Cr220 Cr306 Cr250 Cr513 Cr713 Cr564 CrSign in free for the trailing twelve months
EPS (₹)₹5.37₹7.33₹6.97₹10.09₹8.22₹16.73₹23.06₹18.08Sign in free for the trailing twelve months
Dividend payout %——13.8%29.8%36.6%18.0%13.0%16.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital64 Cr64 Cr61 Cr61 Cr61 Cr62 Cr62 Cr62 Cr
Reserves667 Cr816 Cr907 Cr1,121 Cr1,289 Cr1,725 Cr2,445 Cr3,003 Cr
Borrowings759 Cr459 Cr292 Cr607 Cr486 Cr1,154 Cr937 Cr1,821 Cr
Other liabilities1,560 Cr1,095 Cr2,285 Cr4,252 Cr3,402 Cr4,933 Cr4,509 Cr4,666 Cr
Total liabilities3,050 Cr2,434 Cr3,544 Cr6,041 Cr5,237 Cr7,875 Cr7,956 Cr9,558 Cr
Fixed assets (net)384 Cr368 Cr257 Cr285 Cr262 Cr260 Cr219 Cr140 Cr
CWIP86 Cr130 Cr132 Cr3 Cr0.66 Cr1 Cr2 Cr1 Cr
Investments—240 Cr82 Cr304 Cr167 Cr236 Cr562 Cr466 Cr
Loans & advances—24 Cr98 Cr473 Cr491 Cr916 Cr931 Cr1,445 Cr
Inventories—13 Cr2 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables25 Cr32 Cr34 Cr28 Cr22 Cr48 Cr45 Cr62 Cr
Cash & bank481 Cr340 Cr278 Cr1,095 Cr169 Cr408 Cr612 Cr425 Cr
Other assets2,074 Cr1,286 Cr2,660 Cr3,853 Cr4,126 Cr6,005 Cr5,584 Cr7,018 Cr
Total assets3,050 Cr2,434 Cr3,544 Cr6,041 Cr5,237 Cr7,875 Cr7,956 Cr9,558 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity587 Cr336 Cr152 Cr795 Cr-793 Cr-118 Cr871 Cr-1,070 Cr
Cash from investing0.31 Cr16 Cr148 Cr-86 Cr163 Cr-74 Cr-177 Cr314 Cr
Cash from financing-494 Cr-498 Cr-361 Cr108 Cr-296 Cr430 Cr-490 Cr568 Cr
Net cash flow93 Cr-146 Cr-62 Cr817 Cr-925 Cr239 Cr204 Cr-187 Cr
Free cash flow (OCF − Capex)——-0.67 Cr777 Cr-806 Cr-149 Cr823 Cr-1,098 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %25.0%30.2%26.6%28.2%22.7%28.2%32.0%19.7%
ROE %23.5%26.4%22.8%25.9%18.5%28.7%28.4%18.3%
Debtor days11161686879
Inventory days—7100000
Days payable1———————
Cash conversion cycle10231786879
Debt / equity1.040.520.300.510.360.650.370.59
Current ratio————————
Net debt / EBITDA0.740.410.04-1.010.680.850.331.65