IIFL Capital Services Ltd.

•

iiflsecurities.comBSE: 542773NSE: IIFLCAPS

Market Cap₹ 10,642 Cr.

Current Price

High / Low₹ 411 / 240

Stock P/E19.0

Book Value₹ 88

Price to Book2.95

Dividend Yield0.89 %

ROCE23.9 %

ROE22.6 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2019 • Stock Market Activity: 95.3% • Investment Banking: 4.7%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 25.2% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 33.0%
Company has a good return on equity (ROE) track record: 3 Years ROE 31.4%
Solid return on assets for a lender - ROA of 6.5%
Company has delivered good sales growth of 25.2% CAGR over last 5 years

CONS

Valuation is stretched - P/E of 19.0 is well above its own 5-year median (11.2)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance - Stock Broking

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MCX	3340.05	55.24	85168.55	0.24	413.44	103.47	702.00	88.10	48.10	70.40
2.	MOTILALOFS	1023.00	31.12	61617.67	0.59	1273.71	9.53	3425.76	25.49	12.68	57.49
3.	360ONE	1096.25	35.40	44679.26	1.09	330.53	16.11	1226.09	26.85	12.28	63.01
4.	NUVAMA	1784.20	30.39	32909.41	1.56	305.64	15.83	1376.22	22.59	17.52	52.80
5.	ANGELONE	299.40	26.52	27366.25	1.35	2313.98	1921.51	14296.91	1153.53	14.87	33.92
6.	CHOICEIN	749.85	70.28	16704.90	0.00	60.61	26.37	309.79	32.46	19.43	33.83
7.	IIFLCAPS	337.65	18.67	10642.01	0.89	184.16	4.92	631.48	3.13	23.27	35.76
8.	SHAREINDIA	189.75	11.42	4152.21	0.84	124.41	47.45	448.09	31.25	21.00	44.76
9.	ARSSBL	505.70	24.57	3189.27	0.99	23.35	2.35	246.10	22.37	19.72	39.54
10.	MONARCH	370.95	16.24	2941.94	0.27	45.18	-0.15	90.89	-7.25	33.26	66.00
11.	GEOJITFSL	80.02	30.80	2233.54	1.87	19.83	-30.83	160.40	7.46	9.35	20.55
12.	ALGOQUANT	63.80	39.47	1793.39	0.00	164.80	3610.04	778.70	1328.81	33.57	33.64

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	361	444	481	593	571	574	517	388	523	509	501	548	565
	234	273	255	271	278	311	281	283	329	290	323	336	409
Operating Profit	127	171	226	323	293	263	236	104	194	219	178	211	228
OPM %	35.09%	38.54%	47.08%	54.40%	51.26%	45.80%	45.61%	26.92%	37.03%	42.98%	35.53%	38.57%	40.31%
Other Income	1	46	23	17	6	33	37	33	62	-29	43	63	86
Interest	17	27	39	51	41	45	43	41	38	49	51	60	57
Depreciation	15	15	16	61	9	12	10	13	13	12	14	14	14
	95	176	194	228	249	239	220	84	205	129	156	200	242
Tax %	27.13%	19.42%	23.90%	22.65%	25.29%	23.94%	22.97%	21.66%	22.82%	29.06%	25.73%	17.21%	22.01%
Net Profit	69	141	148	176	186	181	170	66	159	91	116	165	189
	2	5	5	6	6	6	6	2	5	3	4	5	1

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	508	708	691	596	676	1,060	1,221	1,879	2,049	2,081	2,123
	375	453	427	413	504	692	790	1,038	1,151	1,276	1,358
Operating Profit	133	255	264	183	172	368	431	841	898	804	765
OPM %	26.23%	36.03%	38.20%	30.74%	25.47%	34.72%	35.33%	44.75%	43.84%	38.66%	36.02%
	1	34	15	95	114	90	57	95	109	140	162
Interest	10	37	51	32	20	35	62	137	172	201	218
Depreciation	7	11	12	48	44	64	60	107	44	53	54
Profit before Tax	117	241	216	199	222	359	367	692	792	690	727
Tax %	34.99%	34.72%	32.98%	28.21%	22.26%	20.81%	22.68%	22.80%	23.85%	23.02%	22.74%
Net Profit	76	158	145	143	173	284	283	535	603	531	561
EPS	44.97	4.95	4.54	4.46	5.42	9.23	9.24	17.36	19.45	17.05	—
Dividend Payout %	43.92%	—	—	44.82%	17.53%	32.09%	32.34%	17.28%	15.42%	17.60%	—

COMPOUNDED SALES GROWTH

10 Years:: 16%
5 Years:: 25%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 27%
5 Years:: 25%
3 Years:: 23%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 11%

RETURN ON EQUITY

10 Years:: 30%
5 Years:: 31%
3 Years:: 31%
Last Year:: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	0	0	64	61	61	61	62	62	62
	224	501	579	650	692	880	1,080	1,532	2,059	2,516
	49	546	111	77	95	338	309	1,074	923	1,797
Trade Payables	19	27	19	30	36	84	69	2	2	2
	1,317	1,021	1,214	1,049	2,219	4,159	3,266	4,762	4,345	4,640
Total Liabilities	1,626	2,096	1,922	1,870	3,101	5,522	4,785	7,431	7,391	9,017
	10	20	23	85	168	161	110	90	150	144
Capital Work in Progress	2	0	1	3	2	1	1	1	1	0
	25	187	189	247	95	157	109	188	421	347
	0	0	0	0	0	0	0	38	35	48
Cash & Bank	360	727	981	993	1,653	3,691	2,802	4,382	3,904	4,857
	1,231	1,161	730	542	1,184	1,511	1,764	2,732	2,880	3,622
Total Assets	1,626	2,096	1,922	1,870	3,101	5,522	4,785	7,431	7,391	9,017

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-206	-167	724	138	90	790	-714	-186	814	-1,049
Cash from Investing	-27	-95	-14	-39	78	5	79	-25	-168	189
Cash from Financing	-40	536	-522	-158	-172	87	-204	439	-446	578
	-309	175	115	-97	-57	817	-935	228	200	-283

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	30.88	30.79	30.71	30.70	31.02	30.98	30.93	30.87	30.67
	17.51	19.00	19.12	18.98	17.24	16.93	16.51	16.33	15.34
	3.18	3.69	3.98	4.30	4.91	5.03	5.39	5.56	4.72
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	48.43	46.52	46.18	46.02	46.84	47.07	47.16	47.23	49.27

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Shareholders meeting

2026-09-10 - IIFL Capital Services Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 09, 2026. Further, the company has informed the Exchange regarding voting results.

2026-09-09

Shareholders meeting

2026-09-09 - IIFL Capital Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 09, 2026

2026-08-31

Action(s) taken or orders passed

2026-08-31 - IIFL Capital Services Limited has informed the Exchange about Action(s) taken or orders passed

2026-08-25

ESOP/ESOS/ESPS

2026-08-25 - IIFL Capital Services Limited has informed the Exchange regarding Allotment of 372320 Shares.

2026-08-18

Copy of Newspaper Publication

2026-08-18 - IIFL Capital Services Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-17

General Updates

2026-08-17 - IIFL Capital Services Limited has informed the Exchange about General Updates

2026-08-17

Record Date

2026-08-17 - IIFL Capital Services Limited has informed the Exchange that Record date for the purpose of Meeting is 02-Sep-2026.

2026-08-17

Shareholders meeting

2026-08-17 - IIFL Capital Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 09, 2026

2026-08-17

Copy of Newspaper Publication

2026-08-17 - IIFL Capital Services Limited has informed the Exchange about Copy of Newspaper Publication regarding 31st Annual General Meeting of the Company scheduled to be held on September 9, 2026.

News

Recent coverage and analyst commentary for IIFLCAPS

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