MarketFriction

IIFL Capital Services Ltd

NSE IIFLCAPS · BSE 542773 · Stockbroking & Allied
₹345.60 -0.12%
NSE close2026-10-01
52 week range240.40 - 411.30
Market cap₹10,878 Cr.
P/E19.1
Microcap 250 Price band 20% Delivery 67.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales507559686640645583537617572586644631
Expenses348318350340379337351396359396421406
Operating Profit159240337300266245186221213190224226
OPM %31%43%49%47%41%42%35%36%37%32%35%36%
Other Income272318458643663-251341090
Interest304354444845434053536360
Depreciation161863121314161615171717
Profit before tax140203237248264250163228120254155239
Tax %23%26%24%26%22%21%22%23%29%26%26%23%
Net Profit10815118118220519712817685188115184
EPS in Rs3.524.885.845.916.646.364.135.662.726.013.685.87
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9338707588411,2951,3612,2172,5202,5082,434
Expenses4914614324877498861,2841,4051,5691,581
Operating Profit4414093263545464759331,115940853
OPM %47%47%43%42%42%35%42%44%37%35%
Other Income146134272210144795210
Interest1451151035010277150183213229
Depreciation374255466367114556565
Profit before tax274258301285402341683925756768
Tax %34%34%22%23%24%27%25%23%25%
Net Profit181171234220306250513713564572
EPS in Rs96.4791.587.327.2710.078.1916.6422.9818.0218.28
Dividend Payout %0%0%27%14%30%37%18%13%17%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%24%23%2%
Compounded Profit Growth%16%22%-19%
Stock Price CAGR%28%58%23%
Return on Equity%24%25%16%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.000.0064616161626262
Reserves5606678169071,1211,2891,7252,4453,003
Borrowings1,0977594592926074861,1549371,821
Other Liabilities1,2051,6241,0952,2854,2523,4014,9344,5114,671
Total Liabilities2,8623,0502,4343,5446,0415,2377,8757,9569,558
Fixed Assets512393402403482440379388295
CWIP848613013231121
Investments1591402317422890159486390
Other Assets2,1072,4311,6712,9365,3294,7077,3357,0808,872
Total Assets2,8623,0502,4343,5446,0415,2377,8757,9569,558
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-110587352152795-793-118871-1,070
Cash from Investing Activity-118021148-86163-74-177314
Cash from Financing Activity462-494-514-361108-296430-490568
Net Cash Flow23493-141-62817-925239204-187
Free Cash Flow-20852742389822-798-138922-936
CFO/OP-0%166%122%59%161%-146%7%96%-92%
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1010161586879
Inventory Days
Days Payable
Cash Conversion Cycle1010161586879
Working Capital Days-409-522-239-498-891-551-497-346-339
ROCE %24%22%25%32%23%35%33%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters31.11%30.97%30.91%30.88%30.79%30.72%30.70%31.02%30.98%30.93%30.87%30.67%
FIIs13.59%15.54%15.18%17.51%19.00%19.12%18.98%17.24%16.93%16.51%16.33%15.34%
DIIs3.31%3.29%3.37%3.18%3.70%3.99%4.31%4.92%5.04%5.39%5.56%4.72%
Public51.99%50.20%50.55%48.43%46.52%46.18%46.02%46.84%47.07%47.17%47.24%49.28%
No. of Shareholders62,40764,30770,00368,06168,26879,29977,53874,62274,00667,86566,51170,558

Fundamentals

Market Cap₹ 10,878 Cr.
Current Price₹ 345
Stock P/E19.1
Book Value₹ 98.4
ROCE21.1 %
ROE16.2 %
Dividend Yield0.87 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)2%
Compounded Profit Growth (TTM)-19%
Consolidated figures.
Valuation
Market capRs 10,712 Cr
Enterprise valueRs 7,639 Cr
P/E (TTM)18.79x
Price to book4.27x
Price to sales4.40x
EV / EBITDA7.19x
EV / EBIT7.66x
EV / sales3.14x
Price to cash flow12.30x
Earnings yield5.32%
Dividend yield0.87%
P/E, 3-year average7.66x
P/B, 3-year average1.98x
P/E, 5-year average7.64x
P/B, 5-year average1.94x
Profitability
Operating margin (excl. other income)44.24%
Operating margin (incl. other income)46.13%
EBITDA margin43.66%
Pre-tax margin31.55%
Net profit margin23.42%
Net margin, latest quarter29.15%
ROE33.18%
ROCE34.69%
ROA9.00%
ROE, 3-year average28.54%
ROCE, 3-year average30.87%
ROA, 3-year average7.08%
ROE, 5-year average27.59%
ROCE, 5-year average30.30%
ROA, 5-year average7.00%
Tax rate22.90%
Other income / net worth1.89%
Growth
Sales growth (latest year)13.66%
Profit growth (latest year)39.04%
Sales CAGR, 3 years24.86%
Sales CAGR, 5 years27.16%
Profit CAGR, 3 years32.52%
Profit CAGR, 5 years24.94%
Sales growth QoQ-1.99%
Profit growth QoQ60.44%
Sales growth YoY (latest quarter)2.29%
Profit growth YoY (latest quarter)4.99%
Per share
EPS (TTM)Rs 18.39
EPS (latest year)Rs 22.98
EPS (latest quarter)Rs 5.94
EPS, 3-year averageRs 15.94
EPS, 5-year averageRs 13.03
Book value per shareRs 80.89
Sales per shareRs 78.53
Cash flow per shareRs 28.10
Free cash flow per shareRs -30.20
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 2.60
Dividends
Dividend payout13.05%
Dividend payout, 3-year average22.57%
Dividend payout, 5-year average22.25%
Efficiency
Asset turnover0.32x
Fixed asset turnover6.50x
Debtor days7 days
Debtors turnover55.47x
Cash conversion cycle9 days
Working capital days-339 days
Leverage
Total debtRs 937 Cr
Cash and bankRs 4,010 Cr
Net debtRs -3,073 Cr
Debt to equity0.37x
Net debt / EBITDA-2.89x
Interest coverage4.35x
Owners' fund to total sources31.51%
Debt to assets11.78%
Cash flow
Cash from Operating Activity (latest year)Rs 871 Cr
Cash from Investing Activity (latest year)Rs -177 Cr
Cash from Financing Activity (latest year)Rs -490 Cr
Net Cash Flow (latest year)Rs 204 Cr
Free cash flow (latest year)Rs -936 Cr
FCFE (approx.: FCF + change in debt)Rs -1,153 Cr
Cash from ops / profit, 5 years-0.13x
Sales to cash flow2.89x
Statement figures
Net sales (TTM)Rs 2,434 Cr
Net sales (latest year)Rs 2,520 Cr
Sales (latest quarter)Rs 631 Cr
Operating profit excl. other income (latest year)Rs 1,115 Cr
Operating profit (latest quarter)Rs 226 Cr
Other income (TTM)Rs 210 Cr
EBITDA (TTM)Rs 1,063 Cr
PBDT (TTM)Rs 833 Cr
Profit before tax (TTM)Rs 768 Cr
Tax (latest year)Rs 212 Cr
Net profit (TTM)Rs 570 Cr
Net profit (latest year)Rs 712 Cr
Net profit (latest quarter)Rs 184 Cr
Depreciation (TTM)Rs 65 Cr
Depreciation (latest quarter)Rs 17 Cr
Interest (TTM)Rs 229 Cr
Cost of goods sold (latest year)Rs 586 Cr
Total expenditure (latest year)Rs 1,405 Cr
Total income (latest year)Rs 2,567 Cr
Share capitalRs 62 Cr
ReservesRs 2,445 Cr
Shareholders' fundsRs 2,507 Cr
Total assetsRs 7,956 Cr
Net blockRs 388 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 486 Cr
ReceivablesRs 45 Cr
Other liabilitiesRs 4,511 Cr
Shares outstanding (crore)31.00
Ownership
Promoter holding30.67% (-0.35 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 18.8 is at the 85th percentile of its own 7.2-year range (median 11.2, low 4.4, high 47.2).
P/B 4.27 is at the 69th percentile (median 3.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIIFLCAPSNifty 50Difference
1 week-0.6%-2.8% +2.2 pts
1 month+1.6%-6.8% +8.4 pts
3 months+1.6%-7.6% +9.2 pts
6 months+41.6%+0.4% +41.1 pts
1 year+19.8%-9.9% +29.7 pts
2 years+7.9%-13.6% +21.5 pts
3 years+297.7%+14.2% +283.5 pts
5 years+243.7%+27.9% +215.8 pts
13 mutual fund schemes hold about ₹165 Cr. Over three months 4 bought more and 9 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Small Cap Fund0.48%47 +7%
ICICI Pru Small Cap Fund0.48%46 +7%
ICICI Pru Exports & Services Fund1.49%23 -12%
ICICI Pru Exports & Services Fund1.49%22 -12%
Unifi Dynamic Asset Allocation Fund0.97%14 +248%
Motilal Oswal Nifty Microcap 250 Index Fund0.41%10 -8%
Bajaj Finserv Banking and Financial Services Fund0.47%2 +94%
Groww Nifty Total Market Index Fund0.02%0 -6%
Angel One Nifty Total Market Index Fund0.02%0 -6%
Mirae Asset Nifty Total Market Index Fund0.02%0 -6%
Bandhan Nifty Total Market Index Fund0.02%0 -6%
Motilal Oswal BSE 1000 Index Fund0.02%0 -6%
HSBC Flexi Cap Fund0.00%0 -100%

Red flags

F-score 8 of 8
explainWeak cash conversion Cash from operations was -3% of net profit over the last 3 years
lookRegulator order or action Regulator order or action 2026-08-31: IIFL Capital Services Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹631 Cr +2.3% vs Jun 2025. Net profit ₹184 Cr +4.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-02-16Interim Dividend - Rs 3 Per Share
2025-02-17Interim Dividend - Rs 3 Per Share
2024-07-29Annual General Meeting
2024-03-15Interim Dividend - Rs 3 Per Share
2023-08-24Annual General Meeting
2023-02-03Interim Dividend - Rs 3 Per Share
2022-07-04Annual General Meeting
2022-02-03Interim Dividend - Rs 3 Per Share
2021-06-22 Annual General Meeting
2021-03-18 Interim Dividend - Re 1 Per Share
2020-06-22 Annual General Meeting
2020-02-13 Interim Dividend - Rs 2 Per Share
DateTypeWhat it says
2026-10-01General UpdatesCrisil ESG Ratings &Analytics Ltd ( Crisil ESG Ratings ) has voluntarily assigned the Company an ESG rating of Crisil ESG 69 (ESG Rating for FY 2024...
2026-09-23General UpdatesGeneral Updates
2026-09-22ESOPAllotment of 173150 Shares.
2026-09-11General UpdatesGeneral Updates
2026-09-11Board meeting outcomeOutcome of Board Meeting held on September 11, 2026.
2026-09-10Shareholder meetingVoting results.
2026-09-09Shareholder meetingProceedings of Annual General Meeting held on September 09, 2026
2026-08-31Regulatory actionAction(s) taken or orders passed
2026-08-25ESOPAllotment of 372320 Shares.
2026-08-17General UpdatesGeneral Updates
2026-08-17Record DateRecord date for the purpose of Meeting is 02-Sep-2026.
2026-08-17Shareholder meetingNotice of Annual General Meeting to be held on September 09, 2026
2026-07-30General UpdatesIIFL Capital Services Limited has informed that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2...
2026-07-30Concall / analyst meetTranscript
2026-07-25Regulatory actionAction(s) taken or orders passed
2026-07-24Concall / analyst meetLink of Recording
2026-07-23Press ReleaseA press release dated July 23, 2026, titled "Press Release on the Unaudited Financial Results for the Quarter Ended June 30, 2026".
2026-07-23Investor PresentationInvestor Presentation
2026-07-23Change in ManagementChange in Management
2026-07-23Board meeting outcomeOutcome of Board Meeting held on July 23, 2026.
2026-07-23Board meeting outcomeIIFL Capital Services Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-21ESOPAllotment of 1355979 Shares.
2026-07-21ESOPGrant of 129493 Options.
2026-07-21Concall / analyst meetSchedule of meet
2026-06-30Regulatory actionAction(s) initiated or orders passed
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of IIFL Capital Services Ltd?

IIFL Capital Services Ltd (IIFLCAPS) has a market capitalisation of Rs 10,878 Cr. at the 2026-10-01 close.

What is the P/E ratio of IIFL Capital Services Ltd?

IIFL Capital Services Ltd trades at a P/E of 19.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were IIFL Capital Services Ltd's latest quarterly results?

In the Jun 2026 quarter, IIFL Capital Services Ltd sales was Rs 631 Cr (+2.3% vs Jun 2025) and net profit was Rs 184 Cr.

What is the 52-week high and low of IIFL Capital Services Ltd?

The 52-week high is Rs 411.30 and the 52-week low is Rs 240.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03