Industrial & Prudential Investment Company Ltd.

•

industrialprudential.comBSE: 501298NSE: INDPRUD

Market Cap₹ 1,051 Cr.

Current Price

High / Low₹ 7,052 / 5,750

Stock P/E48.6

Book Value₹ 2,958

Price to Book1.92

Dividend Yield1.91 %

ROCE4.3 %

ROE4.3 %

Face Value₹ 10

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ABOUT

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

Comfortable capital adequacy - CAR of 55.8%
Solid return on assets for a lender - ROA of 4.0%
Asset quality is healthy - gross NPA of just 0.0%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Recent results are weak - TTM profit is down 58.5% versus prior year
Company has a low return on capital employed of 4.1%
Company has a low return on equity of 4.0% over last 3 years
Effective tax rate is unusually low at 0.5% - earnings may be flattered
Expensive relative to growth - PEG of 4.2

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

Peer comparison

Financial ServicesFinanceFinance - NBFC

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

S.No.	Name
1.	BAJFINANCE	1057.00	32.41	658083.37	0.57	6080.60	27.60	23165.45	20.37	10.87	70.70
2.	SHRIRAMFIN	1046.85	21.76	246322.08	1.03	3452.77	59.90	13400.43	17.46	11.49	74.63
3.	JIOFIN	237.00	75.73	156494.46	0.25	830.25	155.73	2004.47	227.28	2.11	69.71
4.	CHOLAFIN	1820.00	27.03	155440.01	0.11	1656.22	45.56	8856.29	21.89	9.70	70.07
5.	TATACAP	364.85	28.66	154874.05	0.16	16281.80	1464.16	88219.30	1051.00	8.66	75.72
6.	BAJAJHLDNG	11090.30	13.94	123427.84	1.76	2708.08	-92.27	394.33	23.34	14.81	684.72
7.	MUTHOOTFIN	2935.45	10.36	117849.06	1.02	2824.84	43.08	8671.60	36.25	15.87	83.76
8.	ABCAPITAL	396.90	26.47	108651.86	0.00	1223.85	43.85	12179.54	137.84	8.82	41.91
9.	LTF	312.10	24.58	78223.26	0.88	915.99	30.70	5212.92	22.38	8.54	62.13
10.	SBICARD	633.05	26.48	60243.77	0.39	664.44	19.51	5040.55	7.60	11.75	29.83
11.	HDBFS	674.80	25.76	56060.02	0.59	785.20	38.31	4937.90	18.71	9.09	57.98
12.	INDPRUD	6270.00	17.26	1050.75	1.91	10.92	-92.06	2.74	3.83	7.72	400.99

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
	13	2	1	0	1	16	1	0	18	2	1	0	19
	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Profit	13	1	1	0	1	17	1	0	18	2	1	0	19
OPM %	100.30%	96.00%	94.63%	74.42%	106.52%	102.32%	90.21%	90.91%	100.17%	94.01%	93.85%	22.86%	98.30%
Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	13	1	1	0	1	17	1	0	18	2	1	0	19
Tax %	9.00%	-49.31%	18.44%	9.38%	2.04%	0.48%	0.00%	-69.70%	0.17%	1.91%	0.00%	62.50%	0.38%
Net Profit	12	2	1	0	1	17	1	1	18	2	1	0	19
	72	13	7	2	6	99	8	3	105	9	7	0	11
Equity Capital	2	2	2	2	2	2	2	2	2	2	2	2	2
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	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%

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
	8	9	10	8	13	13	17	17	20	22	23
	1	1	1	3	1	1	1	1	1	1	1
Operating Profit	7	9	9	10	12	13	16	17	19	21	—
OPM %	90	93	93	127	95	95	94	95	95	95	—
Other Income	0	0	0	5	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0
	7	9	9	10	12	13	16	17	19	21	22
Tax %	4	4	6	10	8	13	6	5	-1	1	1
Net Profit	7	8	9	9	11	11	15	16	19	20	22
EPS	0	0	0	0	66	66	88	94	116	122	—
Dividend Payout %	63	53	51	50	38	76	68	96	95	98	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	40	47	49	50	66	66	88	94	116	122	—

COMPOUNDED SALES GROWTH

10 Years:: 13%
5 Years:: 11%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 13%
3 Years:: 12%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 4%
3 Years:: 4%
Last Year:: 4%

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
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	2	2	2	2	2	2	2	2	2	2
	34	37	191	176	296	388	361	476	471	475
	1	1	33	29	12	31	24	38	39	31
Total Liabilities	37	40	226	207	310	421	387	515	512	508
ASSETS	-	-	-	-	-	-	-	-	-	-
	34	38	221	203	305	408	374	502	496	503
Cash & Bank	2	1	1	1	1	2	2	1	2	3
	0	1	4	3	4	11	11	11	14	3
Total Assets	37	40	226	207	310	421	387	515	512	508
Total Debt	0	0	0	0	0	0	0	0	0	0
Net Working Capital	1	1	2	1	40	44	20	6	1	7
Contingent Liabilities	0	0	0	0	0	5	10	10	10	0
Book Value per Share	203.38	220.49	1104.83	1019.76	1778.18	2325.76	2163.17	2850.16	2822.11	2845.95
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

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
	5	5	5	7	7	4	11	14	12	23
Cash from Investing	3	-1	0	-2	8	1	-3	-4	4	-5
Cash from Financing	-7	-5	-5	-5	-15	-4	-8	-10	-15	-18
	1	-1	-0	-0	0	0	-0	-0	0	-0
Free Cash Flow	5	5	5	7	7	4	11	14	12	23
OCF / Net Profit	0.71	0.59	0.55	0.82	0.63	0.34	0.73	0.88	0.60	1.14
Cumulative 5-Year FCF	0	0	0	0	29	28	33	42	47	63

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
PER SHARE
EPS (₹)	39.84	47.20	49.42	49.72	66.41	65.95	87.79	93.89	116.28	121.95
Book Value (₹)	203.38	220.49	1104.83	1019.76	1778.18	2325.76	2163.17	2850.16	2822.11	2845.95
Dividend per Share (₹)	25.00	25.00	25.00	25.00	25.00	50.00	60.00	90.00	110.00	120.00
Cash EPS (₹)	39.92	47.21	49.42	49.72	66.41	65.95	87.79	93.89	116.28	121.95
PROFITABILITY
Operating Margin %	90.04%	93.09%	93.43%	126.98%	94.58%	95.39%	94.05%	95.37%	94.65%	95.19%
Net Margin %	86.05%	89.59%	88.20%	114.72%	86.60%	83.14%	88.46%	90.92%	95.48%	94.70%
ROE %	21.72%	22.27%	7.46%	4.68%	4.68%	3.21%	3.91%	3.75%	4.10%	4.30%
ROCE %	22.69%	23.14%	7.90%	5.18%	5.11%	3.69%	4.16%	3.93%	4.07%	4.33%
	18.94%	21.53%	6.50%	4.01%	4.30%	3.02%	3.64%	3.49%	3.79%	4.01%
EFFICIENCY
Debtor Days	0	0	0	0	0	0	0	0	0	0
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	0	0	0	0	0	0	0	0	0	0
FINANCIAL HEALTH
Debt to Equity (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
	1.96x	1.49x	1.89x	1.15x	9.19x	8.36x	3.92x	1.89x	1.12x	3.16x
GROWTH
Revenue Growth %	22.05%	13.77%	6.36%	-22.65%	69.89%	3.45%	25.10%	4.05%	17.94%	5.75%
Operating Profit Growth %	12.23%	17.63%	6.75%	5.12%	26.55%	4.33%	23.34%	5.51%	17.23%	6.19%
Net Profit Growth %	9.50%	18.46%	4.70%	0.61%	28.25%	-0.69%	33.11%	6.94%	23.85%	4.88%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.94%	23.85%	4.88%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	51.68x	48.92x	44.84x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.70x	2.02x	1.92x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.85%	1.93%	2.19%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	49.19x	49.17x	44.49x

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
68.17	68.17	68.17	68.17	68.17	68.17	68.17	68.17	68.17
0.00	0.00	0.24	0.56	0.56	0.56	0.56	0.56	0.56
0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
31.75	31.75	31.51	31.19	31.19	31.19	31.19	31.19	31.19

Documents

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