IndoStar Capital Finance Limited (IN:INDOSTAR)
:INDOSTAR
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IndoStar Capital Finance Limited
(INDOSTAR)
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Rating:54Neutral
Price Target:
₹235.00
▲(1.03% Upside)
Action:Reiterated
Date:05/28/26
The score is held back mainly by weak and inconsistent cash generation and a mixed leverage picture, despite improved profitability. Technicals are moderately supportive with positive momentum and price above key short-to-mid-term averages, but valuation is a clear risk given the very high P/E.
Positive Factors
Sustained profitability
Sustained net profitability across FY2023–FY2026 builds an internal capital buffer for an NBFC, reducing near-term reliance on equity raises. Consistent profits improve ability to absorb loan losses, support provisioning and retention of earnings to fund portfolio growth over the medium term.
Negative Factors
Weak cash generation
Persistent negative operating and free cash flow increases dependence on external funding for an NBFC, heightening liquidity and refinancing risk. Weak cash conversion limits capacity to expand the loan book organically and forces management to rely on market funding or securitisation under stressed conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained profitability
Sustained net profitability across FY2023–FY2026 builds an internal capital buffer for an NBFC, reducing near-term reliance on equity raises. Consistent profits improve ability to absorb loan losses, support provisioning and retention of earnings to fund portfolio growth over the medium term.
Read all positive factors
IndoStar Capital Finance Limited (INDOSTAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.64B
Dividend YieldN/A
Average Volume (3M)7.94K
Price to Earnings (P/E)28.1
Beta (1Y)1.59
Revenue Growth-6.77%
EPS Growth70.81%
CountryIN
Employees3,067
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)43.75
Shares Outstanding161,581,010
10 Day Avg. Volume6,211
30 Day Avg. Volume7,943
Financial Highlights & Ratios
PEG Ratio1.99
Price to Book (P/B)0.72
Price to Sales (P/S)1.97
P/FCF Ratio-184.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)13.8
Revenue Forecast (FY)₹8.89B
IndoStar Capital Finance Limited Business Overview & Revenue Model
Company Description
IndoStar Capital Finance Limited is an Indian non-banking financial institution that delivers a diverse array of financial solutions to corporate entities, small and medium-sized enterprises (SMEs), and individual clients. The company organizes it...
How the Company Makes Money
INDOSTAR makes money primarily by lending and earning a spread between (1) interest and fees it collects from borrowers and (2) the interest and costs it pays to fund those loans.
Key revenue streams typically include:
- Interest income on loans:...
IndoStar Capital Finance Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.39B | 13.94B | 12.72B | 9.26B | 10.86B | 10.94B |
| Gross Profit | 7.91B | 7.44B | 6.67B | 4.23B | 3.83B | 5.50B |
| EBITDA | 5.09B | 3.28B | 4.63B | 3.57B | 3.49B | -6.99B |
| Net Income | 6.20B | 1.40B | 1.21B | 1.16B | 2.25B | -7.37B |
Balance Sheet | ||||||
| Total Assets | 102.31B | 95.17B | 132.56B | 111.21B | 91.22B | 96.61B |
| Cash, Cash Equivalents and Short-Term Investments | 3.63B | 3.10B | 9.02B | 14.44B | 10.75B | 4.36B |
| Total Debt | 57.09B | 54.77B | 69.16B | 75.72B | 56.48B | 62.23B |
| Total Liabilities | 62.37B | 57.34B | 96.20B | 78.85B | 60.11B | 67.32B |
| Stockholders Equity | 39.95B | 37.83B | 36.35B | 32.35B | 31.12B | 29.29B |
Cash Flow | ||||||
| Free Cash Flow | -2.47B | -148.70M | -10.83B | -22.22B | 8.80B | -16.00B |
| Operating Cash Flow | -2.43B | -61.80M | -10.61B | -22.08B | 8.99B | -15.64B |
| Investing Cash Flow | 14.43B | 12.76B | -3.05B | 6.83B | -2.59B | 11.65B |
| Financing Cash Flow | -12.57B | -13.30B | 10.70B | 19.59B | -5.40B | 2.00B |
IndoStar Capital Finance Limited Technical Analysis
Positive
232.60
Price Trends
218.48
Positive
215.97
Positive
231.22
Positive
Market Momentum
8.98
Negative
60.29
Neutral
54.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOSTAR, the sentiment is Positive. The current price of 232.6 is below the 20-day moving average (MA) of 232.83, above the 50-day MA of 218.48, and above the 200-day MA of 231.22, indicating a bullish trend. The MACD of 8.98 indicates Negative momentum. The RSI at 60.29 is Neutral, neither overbought nor oversold. The STOCH value of 54.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDOSTAR.
IndoStar Capital Finance Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₹58.16B | 15.63 | ― | 0.43% | 25.13% | 17.12% | |
66 Neutral | ₹47.77B | 11.73 | ― | ― | 14.63% | 0.16% | |
63 Neutral | ₹53.24B | 22.27 | ― | 0.29% | 22.32% | 17.78% | |
59 Neutral | ₹35.33B | -19.17 | ― | ― | -3.48% | ― | |
54 Neutral | ₹39.64B | 28.06 | ― | ― | -6.77% | 70.81% | |
49 Neutral | ₹15.41B | 8.75 | ― | ― | 39.48% | -8.51% |
* Financial Sector Average
IN:INDOSTAR
IndoStar Capital Finance Limited
249.20
-81.90
-24.74%
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30.63
10.65%
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203.50
77.40
61.38%
IN:NORTHARC
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295.20
87.00
41.79%
IN:PAISALO
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58.78
28.77
95.87%
IN:UGROCAP
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99.65
-68.85
-40.86%
IndoStar Capital Finance Limited Corporate Events
IndoStar Boosts Q4FY26 Profitability, Steps Up Provisioning to De-risk Legacy Book
May 28, 2026
IndoStar Capital Finance reported robust growth in the March 2026 quarter, with disbursements rising 17% sequentially and 21% year-on-year to ₹1,306 crore, and assets under management reaching ₹8,056 crore on broad-based momentum in ve...
IndoStar Capital Finance Releases FY 2026 Investor Presentation
May 28, 2026
IndoStar Capital Finance Limited has released an investor presentation detailing its audited standalone and consolidated financial results for the quarter and full financial year ended March 31, 2026. The disclosure, made under Regulation 30 of SE...
IndoStar Capital Finance Allots ESOP Shares, Raises Paid-Up Equity Capital
Apr 10, 2026
IndoStar Capital Finance Limited has allotted 1,250 equity shares with a face value of ₹10 each following the exercise of employee stock options under the IndoStar ESOP Plan 2018. The allotment, approved by Managing Director and Executive Vi...
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.