IndoStar Capital Finance Limited share price

Key numbers

Market cap

₹ 3,535 Cr

Current price

₹ 218.64

52-week high / low

₹ 292 / 179

Stock P/E

25.0

Book value

₹ 234.1

Dividend yield

0.00%

ROCE

6.2%

ROE

3.8%

Debt to equity

1.45

Sales growth (3 yrs)

6.4%

Profit growth (3 yrs)

-14.6%

1-year return

-15.6%

About IndoStar Capital Finance Limited

IndoStar Capital Finance Limited, a non-banking financial company, provides various financing services in India. The company offers vehicle finance products for new and used commercial vehicles, including medium and heavy commercial vehicles, light commercial vehicles, intermediate commercial vehicles, small commercial vehicles, pick-ups, and buses; new and used passenger vehicles; new and used construction equipment; and new and used farm equipment. It also distributes life, motor, and health insurance products. In addition, the company provides micro loans against property (LAP)/small ticket business loans for business expansion, working capital, higher education, medical emergency, child's marriage, medical expenses, and consolidation of obligations applications. The company serves transport entrepreneurs, self-employed professionals, agricultural equipment users, truck operators, salaried professionals, small and medium enterprise (SME) businesses, and other customers. It sells its products through its branches. The company was incorporated in 2009 and is based in Mumbai, India. IndoStar Capital Finance Limited operates as a subsidiary of BCP V Multiple Holdings Pte. Ltd.

Quarterly results

Consolidated figures in ₹ crores

Concall summary (2026-08-05)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

• ICRA expects domestic commercial vehicle wholesale volumes to grow by 4% to 6% in FY27, reflecting a normalization after the strong growth witnessed in FY26.
• The share of customers with a CIBIL score above 725 has steadily increased from 63% in FY24 to 79% in FY26 and further to 84% in Q1 FY27.

Growth & demand

• Reflecting these challenges, the Reserve Bank of India has revised its FY27 GDP growth forecast to 6.6%.
• IndoStar Capital Finance Limited July 30, 2026 Against this backdrop, the Monetary Policy Committee has maintained the repo rate at 5.25%, while retaining a neutral policy stance, reflecting a balanced approach towards supporting growth, while keeping inflation under control.

Margins & costs

• At the same time, retail inflation increased to 4.38% in June from 3.93% in May, largely driven by higher food and fuel prices.
• We are still, however, able to manage disbursement yield of about 20% plus besides processing fees and cost to income.

Capex & expansion

• The business continues to operate on a fully digital journey with 100% e-application, e- agreement and e-NACH, while leveraging our existing vehicle finance branch network, allowing us to scale without any incremental branch capex.
• This came mainly from NIM expansion to 8.8% from 6.2% a year ago.

Balance sheet & cash

• On liability side, during the quarter, we raised INR1,220 crores through term loans, NCDs and CPs at a cost of 9.11%, taking our total debt outstanding to around INR5,681 crores.
• Debt to equity was at 1.54x, and we continue to maintain a positive ALM position across all maturity buckets.

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