INDOSTAR

IndoStar Capital Finance Limited

NBFC for vehicle finance and micro loan against property

Financial Services›Financial Services›Finance›Non Banking Financial Company (NBFC)

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

Price as of 2026-10-16

Stock price
₹194.58
Market cap
3,143 Cr
Stock P/E
Loss (TTM EPS ₹-24.30)
P/B
0.83
Dividend yield
1.9%
ROE (FY26)
3.7%

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

IndoStar (IndoStar Capital Finance) is a non-banking finance company that lends mainly against vehicles, including cars, commercial vehicles, construction equipment and farm equipment, and also offers micro LAP (small loans against property).

Company snapshot

26thBy market cap

Ranked among 58 companies in Non Banking Financial Company (NBFC).

Segment mix

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

Largest segment: 91.7% of revenue

SegmentRevenue shareRevenuePBTAssets
Commercial vehicle
91.7%
342 Cr41 Cr7,242 Cr
Discontinued operations
28.8%
107 Cr22 Cr2,545 Cr
Large Corporate
1.2%
5 Cr-2 Cr808 Cr
SME
2.5%
9 Cr9 Cr437 Cr
Unallocated
4.7%
18 Cr-35 Cr1,867 Cr

Shares add up to 129% because segment revenues are before inter-segment eliminations.

What we see

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 Income108 Cr113 Cr——108 Cr120 Cr125 Cr129 Cr151 Cr178 Cr184 Cr186 Cr
Other income0.12 Cr0.67 Cr3 Cr5 Cr7 Cr0.37 Cr2 Cr0.16 Cr0.29 Cr0.13 Cr0.11 Cr3 Cr
Net operating income108 Cr114 Cr3 Cr5 Cr115 Cr120 Cr128 Cr129 Cr151 Cr178 Cr184 Cr188 Cr
Employee cost65 Cr68 Cr74 Cr86 Cr81 Cr78 Cr70 Cr87 Cr81 Cr84 Cr83 Cr88 Cr
Other expenses46 Cr43 Cr56 Cr44 Cr38 Cr36 Cr42 Cr45 Cr33 Cr33 Cr32 Cr35 Cr
Provisions & contingencies————————————
Depreciation8 Cr9 Cr9 Cr9 Cr8 Cr7 Cr8 Cr7 Cr8 Cr8 Cr6 Cr6 Cr
Profit before tax30 Cr19 Cr39 Cr30 Cr36 Cr33 Cr44 Cr718 Cr11 Cr8 Cr-424 Cr11 Cr
Tax %16.6%11.6%10.1%16.1%12.8%16.4%18.2%24.0%0.2%0.1%-0.0%0.1%
Net profit25 Cr17 Cr35 Cr25 Cr32 Cr28 Cr36 Cr546 Cr10 Cr8 Cr-424 Cr11 Cr
EPS (₹)₹1.82₹1.24₹2.59₹1.83₹2.33₹2.03₹2.66₹40.02₹0.77₹0.58₹-26.24₹0.71

Profit & loss (annual)

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

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income—518 Cr603 Cr465 Cr528 Cr478 Cr—456 Cr642 CrSign in free for the trailing twelve months
Other income0.61 Cr0 Cr1 Cr7 Cr12 Cr5 Cr5 Cr5 Cr0.69 CrSign in free for the trailing twelve months
Net operating income0.61 Cr518 Cr604 Cr473 Cr539 Cr483 Cr5 Cr461 Cr642 CrSign in free for the trailing twelve months
Employee cost48 Cr149 Cr189 Cr174 Cr205 Cr178 Cr271 Cr298 Cr335 CrSign in free for the trailing twelve months
Other expenses23 Cr79 Cr133 Cr128 Cr132 Cr184 Cr188 Cr150 Cr142 CrSign in free for the trailing twelve months
Provisions & contingencies—————————Sign in free for the trailing twelve months
Depreciation2 Cr18 Cr30 Cr34 Cr35 Cr40 Cr33 Cr31 Cr29 CrSign in free for the trailing twelve months
Profit before tax323 Cr379 Cr-437 Cr-219 Cr-896 Cr239 Cr130 Cr143 Cr313 CrSign in free for the trailing twelve months
Tax %34.7%36.5%25.7%2.2%17.8%5.6%10.6%16.0%55.1%Sign in free for the trailing twelve months
Net profit211 Cr241 Cr-325 Cr-214 Cr-737 Cr225 Cr116 Cr121 Cr140 CrSign in free for the trailing twelve months
EPS (₹)₹28.69₹26.63₹-35.18₹-20.83₹-59.51₹16.55₹8.51₹8.86₹9.73Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%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 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital78 Cr92 Cr92 Cr136 Cr136 Cr136 Cr136 Cr136 Cr162 Cr
Reserves1,824 Cr2,914 Cr2,588 Cr3,562 Cr2,793 Cr2,976 Cr3,099 Cr3,499 Cr3,621 Cr
Borrowings2,697 Cr8,936 Cr6,680 Cr6,008 Cr6,223 Cr5,648 Cr—6,916 Cr5,477 Cr
Other liabilities889 Cr358 Cr277 Cr376 Cr509 Cr363 Cr7,885 Cr2,704 Cr257 Cr
Total liabilities5,489 Cr12,300 Cr9,637 Cr10,082 Cr9,661 Cr9,122 Cr11,121 Cr13,256 Cr9,517 Cr
Fixed assets (net)7 Cr66 Cr79 Cr61 Cr86 Cr67 Cr68 Cr60 Cr50 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments187 Cr301 Cr231 Cr1,591 Cr548 Cr1,039 Cr0 Cr1,818 Cr982 Cr
Loans & advances—10,364 Cr7,802 Cr7,139 Cr7,707 Cr6,516 Cr—7,217 Cr7,434 Cr
Trade receivables—0.53 Cr0 Cr0 Cr0 Cr0 Cr—0 Cr0 Cr
Cash & bank65 Cr1,084 Cr168 Cr279 Cr80 Cr180 Cr614 Cr96 Cr36 Cr
Other assets5,230 Cr485 Cr1,358 Cr1,011 Cr1,241 Cr1,321 Cr10,439 Cr4,066 Cr1,014 Cr
Total assets5,489 Cr12,300 Cr9,637 Cr10,082 Cr9,661 Cr9,122 Cr11,121 Cr13,256 Cr9,517 Cr

Cash flows

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

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-690 Cr-2,091 Cr1,745 Cr1,068 Cr-1,564 Cr899 Cr-2,208 Cr-1,061 Cr-989 Cr
Cash from investing-194 Cr260 Cr-2,311 Cr-992 Cr1,165 Cr-259 Cr683 Cr-305 Cr2,259 Cr
Cash from financing589 Cr2,787 Cr-350 Cr35 Cr200 Cr-540 Cr1,959 Cr1,070 Cr-1,330 Cr
Net cash flow-294 Cr956 Cr-916 Cr111 Cr-199 Cr99 Cr434 Cr-296 Cr-60 Cr
Free cash flow (OCF − Capex)-697 Cr-2,114 Cr1,703 Cr1,058 Cr-1,600 Cr873 Cr-2,222 Cr-1,085 Cr-1,003 Cr

Ratios

MetricMar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %11.1%8.0%-12.1%-5.8%-25.1%7.2%3.6%3.3%3.7%
Debt / equity1.422.972.491.622.121.82—1.901.45