India Finsec Ltd (IFINSEC)

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India Finsec Ltd (IFINSEC) · mywealthgrid

About

India Finsec Ltd is a micro-cap NBFC with market capitalisation of ₹636.56 Cr. Recent quarters show sharp revenue contraction (₹0.51 Cr in Mar 2019 vs ₹1.55 Cr in Dec 2017) and highly volatile profitability, alternating between losses and gains.

Face value: ₹10

Market cap

₹730 Cr

P/E

47.4×

P/B

5.6×

Dividend yield

ROE

12.7%

ROCE

13.8%

Debt / equity

1.91

OPM

75.9%

EPS (TTM)

₹5.3

Book value

₹44.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue collapsed 67% from ₹1.55 Cr (Dec 2017) to ₹0.51 Cr (Mar 2019); verify whether this reflects strategic contraction, loan portfolio stress, or market conditions.
Operating margins swung from +65% (Mar 2018) through −120% (Dec 2018) to −35% (Mar 2019); identify the source of volatility and whether recent quarters signal structural deterioration or temporary pressures.
PE of 54.13 with ROE of 12.91% implies the market is pricing in substantial earnings recovery; verify whether lending originations and portfolio growth substantiate this valuation.
Zero institutional holding (FII 0%, DII 0%) alongside high volatility; examine capital adequacy ratios and funding access given post-IL&FS regulatory tightness.

Generated analysis · source review pending

Growth drivers

Revenue fell 67% from ₹1.55 Cr (Dec 2017) to ₹0.51 Cr (Mar 2019); recovery toward 2017–18 levels requires verifying lending portfolio health and current credit product demand.
Operating margins fell from 45–65% range (2017–18) to −35% (Mar 2019); margin recovery depends on identifying whether cost structure or credit quality deteriorated and whether deterioration is reversible.
NBFC business scales on loan book expansion; verify current portfolio size, asset quality metrics, and disbursement rate to assess whether the company has capacity to grow.

Generated analysis · source review pending

1,609 historical price candles were omitted because the exchange source has not been verified.

₹250.0+7.8%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 75.9%
+Profit CAGR of 34.9% over the last 5 years
+Revenue CAGR of 36% over the last 5 years

Cons

−Heavily leveraged (debt/equity 1.9)
−Weak interest coverage of 1.9×

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 34
Growth: 97
Valuation: 40

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	18	18	24	45	64	71	85
Interest	1	4	5	6	17	23	25	33
Expenses	—	—	7	12	21	23	—	20
Financing profit	—	—	7	7	8	18	—	31
Financing margin %	—	—	35.8%	27.3%	16.7%	27.8%	—	36.7%
Other income	0	0	0	0	1	0	1	1
Depreciation	—	—	0	2	2	2	—	3
Profit before tax	3	4	6	5	6	16	24	29
Tax	1	1	1	1	2	4	6	8
Tax %	23.4%	30.9%	23%	24.9%	28.1%	24.3%	24.4%	26.3%
PAT	2	3	5	4	5	12	18	22
EPS (₹)	—	—	1.9	1.6	1.8	4.9	—	7.4
EPS adjusted (₹)	0.7	0.7	1.4	1.6	1.8	3.1	4	5.3
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	25	25	25	25	25	25	29	29
Reserves	21	22	28	33	39	43	85	100
Minority interest	—	—	18	28	33	41	—	53
	0	39	51	85	170	183	—	247
	1	7	2	10	12	11	249	161
Total equity & liabilities	47	93	123	181	279	304	363	590
	0	0	2	10	9	9	3	3
CWIP	—	—	—	—	—	0	—	0
Investments	2	4	10	2	1	0	—	1
	45	89	110	169	269	295	360	586
Total assets	47	93	123	181	279	304	363	590

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2026
	-41	-3	-5	-42	-89	-15	-121
	-3	-1	-8	-1	-0	0	-4
	43	-2	19	40	92	13	170
Net cash flow	—	—	6	-2	3	-2	45
Free cash flow	-42	-4	-7	-50	-90	-16	-121
CFO / Operating profit %	—	—	-46.5%	-343.4%	-362.7%	-37.2%	-188.7%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	99%	—	—	—	—	—
EBITDA margin %	—	—	62.8%	51.1%	54.6%	64.5%	—	75.9%
EBIT margin %	—	—	60.3%	44.3%	49.3%	61.2%	—	72.2%
PAT margin %	19.7%	15.2%	25.9%	16.9%	10.2%	19.1%	25.5%	25.6%
Working capital
Receivable days	0	0	—	2	0	—	—	0
Inventory days	—	—	922	0	0	0	—	0
Payable days	—	—	—	—	—	—	—	1
NWC days	—	—	—	—	—	—	—	-1
Leverage
Current ratio	—	—	—	—	—	—	—	3.82
Debt to EBITDA	—	—	4.44	7.01	6.91	4.46	—	3.84
Debt to equity	0	0.83	0.97	1.48	2.66	2.68	—	1.91
Interest coverage	0	0	2.3	2	1.4	1.7	0	1.9
Asset turnover	0.21	0.19	0.15	0.13	0.16	0.21	0.2	0.14
Return ratios
Return on assets %	4.2%	3%	3.8%	2.2%	1.6%	4%	5%	3.7%
Return on capital employed %	—	—	—	—	—	—	—	13.8%
Return on equity %	4.3%	5.8%	9%	7%	7.2%	17.8%	15.9%	16.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.35%	60.47%	60.47%	60.47%	60.47%	60.47%	55.94%	55.94%	55.94%	55.94%	55.98%	55.98%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	39.65%	39.53%	39.53%	39.53%	39.53%	39.53%	44.06%	44.06%	44.06%	44.06%	44.02%	44.02%
No. of shareholders	—	—	—	—	—	—	—	—	842	835	827	824

Promoter holding down 4.37 percentage points since Sep 2023.

25 deals · 15 Dec 2021 – 8 Sept 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Sept 2023	GANGA DEVI BANSAL	Bulk	BSE	Buy	12,07,000	₹28.44	₹3.43 Cr
8 Sept 2023	TIA ENTERPRISES PRIVATE LIMITED	Bulk	BSE	Sell	12,07,000	₹28.44	₹3.43 Cr
29 Mar 2023	SHRI RAVINDRA MEDIA VENTURES PRIVATE LIMITED	Bulk	BSE	Buy	2,13,479	₹20.70	₹0.44 Cr
29 Mar 2023	SHIELD FINANCE PVT LTD	Bulk	BSE	Sell	2,13,479	₹20.70	₹0.44 Cr
28 Mar 2023	SHIELD FINANCE PVT LTD	Bulk	BSE	Sell	2,56,500	₹21.56	₹0.55 Cr
28 Mar 2023	VIKRAM SHARMA	Bulk	BSE	Buy	2,09,491	₹21.55	₹0.45 Cr
20 Feb 2023	YOURTEMPLATEBOX WEB SERVICES PRIVATE LIMITED	Bulk	BSE	Sell	7,70,400	₹26.65	₹2.05 Cr
20 Feb 2023	GANGA DEVI BANSAL	Bulk	BSE	Buy	3,90,000	₹26.65	₹1.04 Cr
20 Feb 2023	JAI AMBE TRADEXIM PRIVATE LIMITED	Bulk	BSE	Buy	3,80,402	₹26.65	₹1.01 Cr
27 Sept 2022	PRECIOUS TRADEWAYS PRIVATE LIMITED	Bulk	BSE	Buy	5,79,896	₹37.54	₹2.18 Cr

1–10 of 25

1 / 3

Mr. Gopal BansalExecutive Director-Chairperson-MD
Mr. Mukesh SharmaNon-Executive - Non Independent Director
Manoj Kumar GuptaChief Financial Officer
Ms. Purva MangalNon-Executive - Independent Director
Mr. Devi Dass AgarwalNon-Executive - Independent Director
Ms. Prachi BansalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in India Finsec Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results30 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

16 announcementsExport CSV

3 Sept 2026, 6:42 pmOthers

Board Meeting Outcome for INTIMATION OF AGM

Outcome without intimation PDF

3 Sept 2026, 6:37 pmAGM/EGM

AGM NOTICE

AGM PDF

3 Sept 2026, 4:45 pmAGM/EGM

Intimation Of AGM

AGM PDF

3 Aug 2026, 11:33 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

30 Jul 2026, 6:23 pmResult

Outcome Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Read With Para A Of Part A Of Schedule III Of The Said Regulation

Financial Results PDF

30 Jul 2026, 5:18 pmBoard Meeting

Board Meeting Outcome for Outcome Under Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 Read With Para A Of Part A Of Schedule III Of The Said Regulations

Outcome of Board Meeting PDF

25 Jul 2026, 11:45 amBoard Meeting

Board Meeting Intimation for Intimation Of Board Meeting Pursunat To Regulation 29 & 33 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015.

Exchange filing PDF

6 Jul 2026, 4:13 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
3 Sept 2026, 6:42 pm	Others Outcome without intimation	Board Meeting Outcome for INTIMATION OF AGM	PDF
3 Sept 2026, 6:37 pm	AGM/EGM AGM	AGM NOTICE	PDF

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India Finsec Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

No fund holdings on record

India Finsec Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

No fund holdings on record

1

1