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Capital India Finance Ltd (IN:CIFL)
:CIFL
India Market
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Capital India Finance Ltd (CIFL) AI Stock Analysis

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IN:CIFL

Capital India Finance Ltd

(CIFL)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
₹21.50
▼(-39.76% Downside)
Action:Reiterated
Date:05/24/26
The score is held back primarily by weak cash conversion (negative FY2026 operating/free cash flow) and persistent negative EBIT despite a strong FY2026 revenue and net-income rebound. Technicals add further pressure with the price below key moving averages and negative MACD, while valuation is mixed: a high dividend yield helps, but a negative P/E reduces valuation support.
Positive Factors
Clear lending business model
As an NBFC focused on retail/business lending, CIFL earns recurring interest and fee income. A lending franchise yields durable, contract-like cashflows tied to loan portfolios; with disciplined underwriting, this business model supports long-term revenue visibility and scale benefits.
Negative Factors
Persistent negative operating profit (EBIT)
Consistently negative EBIT means core operations fail to cover operating expenses long-term, signaling structural margin issues. Reliance on non-operating gains or one-off items to report net income raises sustainability concerns until operating efficiencies or pricing improvements restore positive EBIT.
Read all positive and negative factors
Positive Factors
Negative Factors
Clear lending business model
As an NBFC focused on retail/business lending, CIFL earns recurring interest and fee income. A lending franchise yields durable, contract-like cashflows tied to loan portfolios; with disciplined underwriting, this business model supports long-term revenue visibility and scale benefits.
Read all positive factors

Capital India Finance Ltd (CIFL) vs. iShares MSCI India ETF (INDA)

Capital India Finance Ltd Business Overview & Revenue Model

Company Description
Operating as a prominent non-banking financial company (NBFC) in India, Capital India Finance Limited offers a comprehensive suite of lending and foreign exchange services. Its extensive lending portfolio caters to small businesses with secured fi...
How the Company Makes Money
CIFL primarily makes money through its lending business. Its core revenue stream is interest income earned on loans and other credit facilities it extends to customers. Additional earnings can come from fees and charges linked to lending (such as ...

Capital India Finance Ltd Financial Statement Overview

Summary
Income statement momentum improved (FY2026 revenue +118.4% and net income meaningfully positive), but operating profitability remains weak with EBIT negative across all years shown. Leverage is elevated (debt-to-equity ~1.43x in FY2026), and cash generation is a major risk with FY2026 operating and free cash flow negative despite positive earnings.
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
35
Negative
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue2.44B5.33B5.75B6.49B6.30B5.12B
Gross Profit340.11M1.57B944.62M1.01B742.28M1.98B
EBITDA171.56M683.75M253.02M352.95M-492.64M193.06M
Net Income442.30M388.91M15.48M116.48M-415.71M-27.68M
Balance Sheet
Total Assets16.01B18.46B18.53B18.01B17.95B16.26B
Cash, Cash Equivalents and Short-Term Investments2.88B3.17B3.19B3.12B3.46B3.45B
Total Debt7.00B9.61B9.96B8.99B9.24B7.64B
Total Liabilities9.07B11.55B11.99B11.41B11.39B9.32B
Stockholders Equity6.71B6.73B6.28B6.23B6.06B6.21B
Cash Flow
Free Cash Flow-132.06M-272.16M21.22M990.28M-742.88M-3.49B
Operating Cash Flow-74.35M-217.60M125.29M1.21B-231.23M-3.13B
Investing Cash Flow1.08B-1.34B-608.12M13.74M-161.15M-1.10B
Financing Cash Flow-330.93M2.26B-267.48M-1.24B802.59M4.80B

Capital India Finance Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price35.69
Price Trends
50DMA
24.70
Negative
100DMA
26.10
Negative
200DMA
30.29
Negative
Market Momentum
MACD
-0.83
Positive
RSI
31.07
Neutral
STOCH
8.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CIFL, the sentiment is Negative. The current price of 35.69 is above the 20-day moving average (MA) of 23.41, above the 50-day MA of 24.70, and above the 200-day MA of 30.29, indicating a bearish trend. The MACD of -0.83 indicates Positive momentum. The RSI at 31.07 is Neutral, neither overbought nor oversold. The STOCH value of 8.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CIFL.

Capital India Finance Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
₹29.27B8.8122.27%78.47%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
₹20.62B36.39-11.53%8.42%
55
Neutral
₹41.61B41.22-3.48%
49
Neutral
₹14.79B6.8739.48%-8.51%
47
Neutral
₹8.61B22.060.05%-12.02%2418.09%
47
Neutral
₹26.70B-3.28-56.02%33.35%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:CIFL
Capital India Finance Ltd
21.62
-14.55
-40.23%
IN:ARMANFIN
Arman Financial Services Limited
1,959.75
339.30
20.94%
IN:MUTHOOTMF
Muthoot Microfin Ltd
240.05
74.15
44.70%
IN:SATIN
Satin Creditcare Network Ltd
254.90
90.90
55.43%
IN:SPANDANA
Spandana Sphoorty Financial Ltd.
296.45
5.16
1.77%
IN:UGROCAP
Ugro Capital Limited
96.72
-80.73
-45.49%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 24, 2026