IndoStar Capital Finance Limited

BSE: INDOSTAR541336ISIN INE896L01010

Financial Services
Non Banking Financial Company (NBFC)
BSE 1000

Share price

₹190.65-5.20 (-2.66%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹291.05
52W low: ₹161.00
Off 52W high: -34.50%
1M return: -7.07%
3M return: -18.40%
6M return: -15.04%
1Y return: -29.13%
20D avg volume: 7,724
50 DMA: ₹218.17
200 DMA: ₹225.57

Key ratios Consolidated

Market cap: ₹3,082 Cr
Current price: ₹190.65
52W high / low: ₹291.05 / ₹161.00
Face value: ₹10.00
P/E: -7.88
P/B: 0.81
EPS (TTM): ₹-24.18
Book value / share: ₹235.91
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.64
Net debt: ₹2,366 Cr
Interest cover: 1.48
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: —

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	381.97	363.87	346.67	346.39	356.55	343.51	372.56	373.23	344.99	389.55	474.37	306.24
	0.12	2.85	0.11	0.13	0.29	0.16	2.45	0.37	7.08	4.79	3.49	0.67
	382.09	366.72	346.78	346.52	356.84	343.67	375.01	373.60	352.07	394.34	477.86	306.91
	368.90	355.24	770.70	338.21	346.33	815.12	362.49	362.13	334.21	364.61	438.65	287.82
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	89.81	88.24	83.45	83.94	80.78	86.58	69.76	78.25	81.14	85.66	74.41	67.72
	139.64	144.38	131.89	137.13	166.67	185.47	193.31	192.98	187.77	203.08	195.39	172.42
	6.56	6.44	6.28	7.60	7.66	7.33	7.74	7.23	7.91	9.34	8.97	8.68
	36.84	34.73	31.81	32.62	32.58	45.35	42.29	35.74	38.14	43.68	55.83	42.83
	13.19	11.48	-423.92	8.31	10.51	-471.45	12.52	11.47	17.86	29.73	39.21	19.09
	0.00	0.00	0.00	0.00	0.00	1,176	0.00	0.00	0.00	0.00	0.00	0.00
	13.19	11.48	-423.92	8.31	10.51	704.50	12.52	11.47	17.86	29.73	39.21	19.09
	0.01	0.01	0.01	0.01	0.02	169.01	0.02	—	—	—	—	—
	13.18	11.47	-423.93	8.30	10.49	545.58	36.19	27.72	31.68	24.93	35.26	16.87
	0.82	0.71	-26.24	0.58	0.77	40.02	2.66	2.03	2.33	1.83	2.59	1.24
Key metrics
	—	—	—	—	—	—	—	211.68	213.54	242.15	243.57	200.19
	—	—	—	—	—	—	—	56.70%	61.90%	62.20%	51.30%	65.40%
	3.50%	3.20%	-122.30%	2.40%	2.90%	158.80%	9.70%	7.40%	9.20%	6.40%	7.40%	5.50%
	7.10%	5.90%	-6.90%	-7.20%	3.40%	-11.80%	-21.50%	21.90%	—	—	—	—
	25.60%	-97.90%	-1,271.40%	-70.10%	-66.90%	2,088.40%	2.60%	64.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,439	1,393	1,404	1,393	1,174	1,163
	3.21	0.69	5.49	4.56	5.31	11.60
	1,442	1,394	1,410	1,398	1,180	1,174
	1,833	2,270	1,357	1,268	941.02	2,071
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	345.44	334.75	297.71	270.71	177.81	205.04
	553.04	621.16	740.84	687.34	580.26	539.54
	26.88	28.87	30.62	33.22	39.56	35.38
	136.00	142.35	150.42	188.26	183.75	132.22
	-390.94	-876.54	52.55	129.64	238.63	-896.36
	0.00	1,176	0.00	0.00	0.00	0.00
	-390.94	299.41	52.55	129.64	238.63	-896.36
	0.04	169.05	0.06	—	—	—
	-390.98	140.45	120.52	115.84	225.15	-736.51
	-24.13	9.73	8.86	8.51	16.55	-59.51
Key metrics
	—	—	—	850.20	858.45	-321.44
	—	—	—	61.00%	73.10%	-27.60%
	-27.17%	10.10%	8.60%	8.30%	19.20%	-63.30%
	-0.48%	-0.80%	0.80%	18.60%	1.00%	—
	-163.06%	16.50%	4.00%	-48.50%	130.60%	—
	—	-997.63	-1,083	—	—	—
	—	-7.04	-8.80	—	—	—
	—	0.64	0.86	—	—	—
	—	2,366	3,028	—	—	—
Balance sheet
	—	9,517	13,256	—	—	—
	—	36.16	96.05	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	49.74	59.55	—	—	—
	—	2,403	3,124	—	—	—
	—	3,783	3,635	—	—	—
Cash flow
	—	-988.94	-1,061	—	—	—
	—	2,259	-305.05	—	—	—
	—	-1,330	1,070	—	—	—
	—	8.69	21.56	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	381.92	363.82	346.63	346.33	356.49	343.45	372.50	373.15	344.94	304.16	390.67	238.11
	0.12	2.85	0.11	0.13	0.29	0.16	2.09	0.37	8.76	6.44	5.28	0.71
	382.04	366.67	346.74	346.46	356.78	343.61	374.59	373.52	353.70	310.60	395.95	238.82
	368.90	355.23	770.70	338.21	346.31	815.12	362.17	362.11	335.73	299.81	376.38	228.20
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	89.81	88.24	83.45	83.94	80.78	86.58	69.76	78.25	81.14	68.56	60.91	50.39
	139.64	144.38	131.89	137.13	166.67	185.47	193.31	192.98	187.77	166.78	161.94	145.31
	6.56	6.44	6.28	7.60	7.66	7.33	7.74	7.22	7.92	7.74	7.38	7.24
	36.84	34.72	31.81	32.62	32.56	45.35	41.97	35.72	39.66	35.78	43.99	30.47
	13.14	11.44	-423.96	8.25	10.47	-471.51	12.42	11.41	17.97	10.79	19.57	10.62
	0.00	0.00	0.00	0.00	0.00	1,176	0.00	0.00	0.00	0.00	0.00	0.00
	13.14	11.44	-423.96	8.25	10.47	704.44	12.42	11.41	17.97	10.79	19.57	10.62
	0.00	0.00	0.00	0.00	0.00	169.00	0.00	—	—	—	—	—
	13.14	11.44	-423.96	8.25	10.47	535.44	12.42	11.41	17.97	10.79	19.57	10.62
	0.81	0.71	-26.25	0.58	0.77	39.28	0.91	0.84	1.32	0.79	1.44	0.78
Key metrics
	—	—	—	—	—	—	—	211.61	213.66	185.31	188.89	163.17
	—	—	—	—	—	—	—	56.70%	61.90%	60.90%	48.40%	68.50%
	3.40%	3.10%	-122.30%	2.40%	2.90%	155.90%	3.30%	3.10%	5.20%	3.50%	5.00%	4.50%
	7.10%	5.90%	-6.90%	-7.20%	3.30%	12.90%	-4.70%	56.70%	—	—	—	—
	25.50%	-97.90%	-3,513.50%	-27.70%	-41.70%	4,862.40%	-36.50%	7.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,439	1,393	1,404	1,104	968.88	1,042
	3.21	0.69	8.49	21.06	4.37	11.36
	1,442	1,394	1,412	1,125	973.25	1,054
	1,833	2,270	1,360	1,054	785.98	1,994
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	345.44	334.75	297.71	211.81	132.56	176.27
	553.04	621.16	740.84	581.15	518.02	514.31
	26.88	28.87	30.62	27.66	36.34	33.82
	135.99	142.34	153.13	149.93	139.19	119.23
	-391.13	-876.75	52.59	71.61	187.27	-940.85
	0.00	1,176	0.00	0.00	0.00	0.00
	-391.13	299.20	52.59	71.61	187.27	-940.85
	0.00	169.00	0.00	—	—	—
	-391.13	130.20	52.59	71.61	187.27	-769.19
	-24.15	9.02	3.86	5.26	13.76	-62.06
Key metrics
	—	—	—	680.42	741.63	-392.72
	—	—	—	61.60%	76.50%	-37.70%
	-27.19%	9.30%	3.70%	6.50%	19.30%	-73.80%
	-0.48%	-0.80%	27.10%	14.00%	-7.00%	—
	-168.65%	147.60%	-26.60%	-61.80%	124.30%	—
	—	-997.78	-1,083	—	—	—
	—	-7.60	-20.18	—	—	—
	—	0.64	0.91	—	—	—
	—	2,371	3,032	—	—	—
Balance sheet
	—	9,511	10,762	—	—	—
	—	31.93	91.92	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	49.74	59.55	—	—	—
	—	2,403	3,124	—	—	—
	—	3,778	3,426	—	—	—
Cash flow
	—	-989.09	-1,061	—	—	—
	—	2,259	-304.26	—	—	—
	—	-1,330	1,070	—	—	—
	—	8.69	21.56	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +12.86%
Sales CAGR 5Y: —
Profit CAGR 3Y: -11.41%
Profit CAGR 5Y: —
Sales YoY (TTM): -0.48%
Profit YoY (TTM): -168.65%

Consolidated

Sales CAGR 3Y: +5.86%
Sales CAGR 5Y: —
Profit CAGR 3Y: -14.56%
Profit CAGR 5Y: —
Sales YoY (TTM): -0.48%
Profit YoY (TTM): -163.06%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 70.33%

Quarter	September 2026	June 2026
Promoter %	70.33%	70.37%

Holder	Type	Holding	Previous	Change
Bcp V Multiple Holdings Pte Ltd.	Promoter	55.94%	55.97%	-0.03%
Indostar Capital	Promoter	14.39%	14.40%	-0.01%
FLORINTREE TECSERV LLP	Public	6.72%	6.73%	-0.01%
COHESION MK BEST IDEAS SUB-TRUST	Public	2.19%	2.19%	0.00%
MADHURI MADHUSUDAN KELA	Public	2.09%	2.09%	0.00%
Icici Prudential Life Insurance Company Limited	Public	1.08%	1.10%	-0.02%
AJAY KUMAR AGGARWAL	Public	1.01%	1.01%	0.00%
Everstone Capital Partners II LLC	Promoter Group	0.00%	0.00%	0.00%
Ecp Iii Fvci Pte Ltd	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Bajaj Finance Limited	6,18,269	993.05	28.02	—	+18.82% TTM	+18.85% TTM	-6.05%
Shriram Finance Limited	2,13,119	905.70	16.80	—	+13.76% TTM	+28.60% TTM	+13.74%
Tata Capital Limited	1,43,392	337.80	23.16	—	—	—	+2.57%
Cholamandalam Investment and Finance Company Ltd	1,42,265	1,659.05	22.87	—	+21.13% TTM	+33.94% TTM	-5.48%
MUTHOOT FINANCE LIMITED	1,08,792	2,709.85	8.83	—	+47.27% TTM	+70.66% TTM	-15.07%
L&T Finance Limited	66,033	263.45	19.22	—	+20.11% TTM	+27.39% TTM	-5.93%
SBI CARDS AND PAYMENT SERVICES LIMITED S	52,626	553.00	20.18	—	+5.81% TTM	+35.96% TTM	-37.17%
Piramal Finance Limited	45,975	1,942.90	24.08	—	—	—	—
SUNDARAM FINANCE LTD	44,403	3,996.55	27.42	—	—	—	-16.26%
Authum Investment & Infrastructure Limited	43,913	517.10	25.16	—	-24.30% TTM	-56.50% TTM	-10.17%
HDB FINANCIAL SERVICES LIMITED S	42,098	506.65	14.22	—	—	—	-30.70%
POONAWALLA FINCORP LIMITED	41,349	469.55	38.02	—	+75.12% TTM	+399.21% TTM	-0.70%
Mahindra & Mahindra Financial Services Limited	37,542	270.05	10.42	—	+14.94% TTM	+45.99% TTM	-15.21%
Manappuram Finance Limited	29,495	314.00	20.41	—	+4.79% TTM	+85.35% TTM	+17.85%
IIFL FINANCE LIMITED	24,697	578.65	9.35	—	+35.37% TTM	+157.78% TTM	+7.38%
Capri Global Capital Limited	23,121	240.30	17.65	—	+52.88% TTM	+82.77% TTM	+21.89%
Five-Star Business Finance Ltd. S	11,724	397.15	10.50	—	+8.28% TTM	+1.05% TTM	-39.17%
SBFC Finance Limited	9,820	88.32	28.37	—	+28.23% TTM	+45.63% TTM	-24.80%
PAISALO DIGITAL LIMITED	7,279	77.43	27.42	—	+23.60% TTM	+27.97% TTM	+101.17%
Bengal & Assam Company Limited	6,477	5,680.00	8.29	—	+12.05% TTM	+3.26% TTM	-25.74%
Fedbank Financial Services Limited S	5,923	157.85	13.66	—	+21.29% TTM	+76.56% TTM	+10.46%
Mrugesh Trading Ltd. S	5,665	78.41	—	-0.30%	+21.12% TTM	+94.74% TTM	+3,464.09%
SG FINSERVE LIMITED S	4,670	708.75	24.95	—	+104.57% TTM	+86.47% TTM	+85.76%
MAS Financial Services Limited	4,607	253.90	10.89	—	+22.72% TTM	+23.77% TTM	-19.01%
Northern Arc Capital Ltd.	4,481	276.95	9.38	—	+29.02% TTM	+70.21% TTM	+0.64%
IndoStar Capital Finance Limited	3,082	190.65	-7.88	—	-0.48% TTM	-163.06% TTM	-29.13%

Filings & corporate actions

Recent announcements

The audio recording of the Conference Call held on Friday, October 30, 2026, on the unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ....30 Oct 2026 · Company Update / Analyst / Investor Meet
Please find enclosed the Newspaper clippings of the unaudited consolidated Financial Results for the quarter and half year ended September 30, 202630 Oct 2026 · Company Update / Newspaper Publication
Please find enclosed Investor Presentation on the unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026.29 Oct 2026 · Company Update / Investor Presentation
Please find enclosed Press Release to be issued by the company in connection with the unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 202629 Oct 2026 · Company Update / Press Release / Media Release
Resignation and Appointment of Company Secretary and Compliance Officer of the Company29 Oct 2026 · Company Update / Change in Management
Appointment of Company Secretary and Compliance Officer of the Company29 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Resignation of Company Secretary and Compliance Officer of the Company29 Oct 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Unaudited Standalone and Consolidated Financial Results for the half year ended September 30, 202629 Oct 2026 · Result / Financial Results
Outcome of the Board Meeting held on October 29, 202629 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Schedule of Conference call with Analyst(s) / Institutional Investor(s)26 Oct 2026 · Company Update / Analyst / Investor Meet
Indostar Capital Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve A meeting of the Board ....22 Oct 2026 · Board Meeting / Board Meeting
Submission of Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 20186 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation for Trading Window Closure for the half year ending 30th September, 202628 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Scrutinizer''s Report and Voting results of the 17th Annual General Meeting25 Sep 2026 · AGM/EGM / AGM
Appointment of Statutory Auditors of the Company.25 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Proceedings of 17th Annual General Meeting25 Sep 2026 · AGM/EGM / AGM
IndoStar Capital Finance Limited has informed the Exchange regarding allotment of 14,703 shares15 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Intimation of Newspaper Publication for attention of Shareholders of the Company with respect to 17th Annual General Meeting of the Company scheduled to be held on September 25, 20262 Sep 2026 · Company Update / Newspaper Publication
Letter to the Shareholders - AGM Notice and Annual Report 2025-262 Sep 2026 · Company Update / General
IndoStar Capital Finance Limited has informed the Exchange regarding Business Responsibility and Sustainability Report for Financial Year 2025-261 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
IndoStar Capital Finance Limited has informed the exchange regarding the Annual Report for the Financial Year 2025-26.1 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 17th AGM of IndoStar Capital Finance Limited scheduled to be held on Friday, September 25, 2026 at 11 A.M. (IST) through VC/OAVM1 Sep 2026 · AGM/EGM / AGM
Newspaper Advertisement regarding the 17th Annual General Meeting of the Company to be held on Friday, September 25, 2026 through Video Conferencing (VC) and Other Audio-Visual Means (OVAM)28 Aug 2026 · Company Update / Newspaper Publication
Copy of Newspaper Publication dated 26th August, 202626 Aug 2026 · Company Update / Newspaper Publication
Notice to the Equity Shareholders of the company for transfer of Equity Shares to the Investors Education & Protection Fund (IEPF) Suspense Account of FY 2019-20.26 Aug 2026 · Company Update / General
Please find enclosed Intimation regarding of ESOP dated August 12, 202612 Aug 2026 · Company Update / Allotment of ESOP / ESPS
IndoStar Capital Finance Limited has informed the Exchange about Transcript5 Aug 2026 · Company Update / Earnings Call Transcript
Please find enclosed herewith transcript of analyst(s)/ institutional call held on Thursday July 30, 20265 Aug 2026 · Company Update / Earnings Call Transcript
Submission of Newspaper Clippings of the Unaudited consolidated Financial Results for the quarter ended June 30, 202630 Jul 2026 · Company Update / Newspaper Publication
The audio recording of the Conference Call held on Thursday, July 30, 2026, on the unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 202630 Jul 2026 · Company Update / Analyst / Investor Meet
Investor Presentation on the unaudited Standalone and Consolidated Financial Results of the company for the quarter ended June 30, 202629 Jul 2026 · Company Update / Investor Presentation
Press Release to be Issued by the company in connection with the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 202629 Jul 2026 · Company Update / Press Release / Media Release
Appointment of S.R. Batliboi & Co. LLP, Chartered Accountant as Statutory auditor of the company.29 Jul 2026 · Company Update / Appointment of Statutory Auditor/s
Outcome of the Board Meeting Held on July 29, 202629 Jul 2026 · Result / Financial Results
Outcome of The Board Meeting Held on July 29, 202629 Jul 2026 · Board Meeting / Outcome of Board Meeting
Intimation under Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.23 Jul 2026 · Company Update / Allotment of Equity Shares
IndoStar Capital Finance Limited has informed the Exchange about Schedule of Conference call in respect of financial results for the quarter ended 30 June 2026.23 Jul 2026 · Company Update / Analyst / Investor Meet
Indostar Capital Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve We wish to inform ....20 Jul 2026 · Board Meeting / Board Meeting
Please find enclosed Intimation regarding of ESOP Dated July 13, 202613 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Submission of certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Board meetings

29 Oct 2026 Board Meeting - Financial Results
29 Jul 2026 Board Meeting - Financial Results