IndoStar Capital Finance Limited (IN:INDOSTAR)
:INDOSTAR
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IndoStar Capital Finance Limited
(INDOSTAR)
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Rating:44Neutral
Price Target:
₹212.00
▼(-8.86% Downside)
Action:Reiterated
Date:05/05/26
The score is held down mainly by weak financial performance (profitability volatility, high leverage, and negative cash flows) and an expensive valuation (very high P/E). Technical signals are neutral and do not meaningfully offset the fundamental risks.
Positive Factors
Secured lending focus
IndoStar's focus on retail and SME secured lending (notably vehicle finance) means loan collateral supports recoveries and lowers unsecured exposure. Collateralized portfolios tend to exhibit lower loss severity and provide durable downside protection, aiding portfolio stability over months.
Negative Factors
High leverage
A high debt-to-equity ratio signals meaningful leverage and elevated funding reliance. For an NBFC this raises refinancing and interest-rate sensitivity, constrains strategic flexibility, and increases solvency and covenant risk if market funding tightens over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Secured lending focus
IndoStar's focus on retail and SME secured lending (notably vehicle finance) means loan collateral supports recoveries and lowers unsecured exposure. Collateralized portfolios tend to exhibit lower loss severity and provide durable downside protection, aiding portfolio stability over months.
Read all positive factors
IndoStar Capital Finance Limited (INDOSTAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.12B
Dividend YieldN/A
Average Volume (3M)7.94K
Price to Earnings (P/E)98.9
Beta (1Y)1.53
Revenue Growth-11.00%
EPS Growth400.98%
CountryIN
Employees3,067
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)43.75
Shares Outstanding161,538,510
10 Day Avg. Volume6,211
30 Day Avg. Volume7,943
Financial Highlights & Ratios
PEG Ratio19.89
Price to Book (P/B)2.71
Price to Sales (P/S)7.75
P/FCF Ratio-9.11
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)14.1
Revenue Forecast (FY)₹8.89B
IndoStar Capital Finance Limited Business Overview & Revenue Model
Company Description
IndoStar Capital Finance Limited, a non-banking financial company, provides various financing services to corporates, small and medium enterprises, and individual customers in India. The company operates through four segments: Large Corporate, SME...
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
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.39B | 12.72B | 9.26B | 10.86B | 10.94B | 11.83B |
| Gross Profit | 7.91B | 6.67B | 4.23B | 3.83B | 5.50B | 5.53B |
| EBITDA | 5.09B | 4.63B | 3.57B | 3.49B | -6.99B | 397.15M |
| Net Income | 6.20B | 1.21B | 1.16B | 2.25B | -7.37B | -2.14B |
Balance Sheet | ||||||
| Total Assets | 102.31B | 132.56B | 111.21B | 91.22B | 96.61B | 100.84B |
| Cash, Cash Equivalents and Short-Term Investments | 3.63B | 9.02B | 14.44B | 10.75B | 4.36B | 17.23B |
| Total Debt | 57.09B | 69.16B | 75.72B | 56.48B | 62.23B | 60.08B |
| Total Liabilities | 62.37B | 96.20B | 78.85B | 60.11B | 67.32B | 63.86B |
| Stockholders Equity | 39.95B | 36.35B | 32.35B | 31.12B | 29.29B | 36.98B |
Cash Flow | ||||||
| Free Cash Flow | -2.47B | -10.83B | -22.22B | 8.80B | -16.00B | 10.58B |
| Operating Cash Flow | -2.43B | -10.61B | -22.08B | 8.99B | -15.64B | 10.68B |
| Investing Cash Flow | 14.43B | -3.05B | 6.83B | -2.59B | 11.65B | -9.92B |
| Financing Cash Flow | -12.57B | 10.70B | 19.59B | -5.40B | 2.00B | 352.88M |
IndoStar Capital Finance Limited Technical Analysis
Negative
232.60
Price Trends
205.11
Negative
217.00
Negative
236.58
Negative
Market Momentum
-2.84
Positive
40.73
Neutral
6.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOSTAR, the sentiment is Negative. The current price of 232.6 is above the 20-day moving average (MA) of 206.56, above the 50-day MA of 205.11, and below the 200-day MA of 236.58, indicating a bearish trend. The MACD of -2.84 indicates Positive momentum. The RSI at 40.73 is Neutral, neither overbought nor oversold. The STOCH value of 6.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹56.63B | 12.88 | ― | 0.43% | 25.13% | 17.12% | |
66 Neutral | ₹44.12B | 8.27 | ― | ― | 14.63% | 0.16% | |
63 Neutral | ₹41.83B | 12.87 | ― | 0.29% | 22.32% | 17.78% | |
59 Neutral | ₹30.35B | 24.60 | ― | ― | -3.48% | ― | |
49 Neutral | ₹14.91B | 6.63 | ― | ― | 39.48% | -8.51% | |
44 Neutral | ₹31.12B | 98.87 | ― | ― | -11.00% | 400.98% |
* Financial Sector Average
IN:INDOSTAR
IndoStar Capital Finance Limited
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-39.31%
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IndoStar Capital Finance Limited Corporate Events
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.