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IndoStar Capital Finance Limited
(INDOSTAR)
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Rating:47Neutral
Price Target:
₹202.00
▼(-22.41% Downside)
Action:Reiterated
Date:08/29/26
The score is held back primarily by weak and inconsistent cash generation and historically elevated leverage/financial comparability concerns, despite improved reported profitability. Technical signals are broadly neutral, offering limited support, while valuation is penalized by an uninformative negative P/E and no dividend yield data.
Positive Factors
Sustained Profitability
Sustained positive net income over four fiscal years indicates that the business has moved beyond its earlier loss-making period. Continued profitability can support internal capital formation, strengthen lending capacity, and provide a more durable base for managing credit-cycle volatility.
Negative Factors
Weak Cash Conversion
Repeatedly negative operating and free cash flow indicates that reported earnings are not consistently converting into cash. For a lender, this can increase reliance on external funding and balance-sheet liquidity, reducing flexibility when portfolio movements or weaker conditions absorb cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Sustained positive net income over four fiscal years indicates that the business has moved beyond its earlier loss-making period. Continued profitability can support internal capital formation, strengthen lending capacity, and provide a more durable base for managing credit-cycle volatility.
Read all positive factors
IndoStar Capital Finance Limited (INDOSTAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹34.44B
Dividend Yield1.08%
Average Volume (3M)3.83K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue Growth-1.90%
EPS Growth-151.41%
CountryIN
Employees4,585
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-24.18
Shares Outstanding161,670,100
10 Day Avg. Volume3,094
30 Day Avg. Volume3,831
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)0.72
Price to Sales (P/S)1.97
P/FCF Ratio-184.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10
Revenue Forecast (FY)₹9.75B
IndoStar Capital Finance Limited Business Overview & Revenue Model
Company Description
IndoStar Capital Finance Limited, a non-banking financial company, provides various financing services to corporates, small and medium enterprises (SMEs), and individual customers in India. The company offers vehicle finance services, including lo...
How the Company Makes Money
INDOSTAR primarily makes money by originating loans and earning interest income on its loan portfolio. Its core revenue stream is net interest income: it charges borrowers interest on products such as vehicle finance and business loans, while incu...
IndoStar Capital Finance Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.17B | 13.94B | 12.72B | 9.26B | 10.86B | 10.94B |
| Gross Profit | 8.91B | 7.44B | 6.67B | 4.23B | 3.83B | 5.50B |
| EBITDA | 3.29B | 3.28B | 4.63B | 3.57B | 3.49B | -6.99B |
| Net Income | -3.94B | 1.40B | 1.21B | 1.16B | 2.25B | -7.37B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 95.17B | 132.56B | 111.21B | 91.22B | 96.61B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 3.10B | 9.02B | 14.44B | 10.75B | 4.36B |
| Total Debt | 0.00 | 54.77B | 69.16B | 75.72B | 56.48B | 62.23B |
| Total Liabilities | -37.83B | 57.34B | 96.20B | 78.85B | 60.11B | 67.32B |
| Stockholders Equity | 37.83B | 37.83B | 36.35B | 32.35B | 31.12B | 29.29B |
Cash Flow | ||||||
| Free Cash Flow | -9.98B | -148.70M | -10.83B | -22.22B | 8.80B | -16.00B |
| Operating Cash Flow | -9.89B | -61.80M | -10.61B | -22.08B | 8.99B | -15.64B |
| Investing Cash Flow | 22.59B | 12.76B | -3.05B | 6.83B | -2.59B | 11.65B |
| Financing Cash Flow | -13.30B | -13.30B | 10.70B | 19.59B | -5.40B | 2.00B |
IndoStar Capital Finance Limited Technical Analysis
Negative
260.35
Price Trends
244.27
Negative
242.34
Negative
231.02
Negative
Market Momentum
-10.72
Positive
29.54
Positive
10.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOSTAR, the sentiment is Negative. The current price of 260.35 is above the 20-day moving average (MA) of 232.96, above the 50-day MA of 244.27, and above the 200-day MA of 231.02, indicating a bearish trend. The MACD of -10.72 indicates Positive momentum. The RSI at 29.54 is Positive, neither overbought nor oversold. The STOCH value of 10.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDOSTAR.
IndoStar Capital Finance Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹46.54B | 10.61 | ― | ― | 20.51% | 38.53% | |
59 Neutral | ₹51.39B | 12.56 | ― | 0.73% | 23.25% | 21.56% | |
59 Neutral | ₹69.76B | 28.84 | ― | 0.13% | 22.60% | 21.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹30.36B | 29.41 | ― | ― | 5.19% | ― | |
53 Neutral | ₹12.86B | 5.55 | ― | 3.06% | 35.80% | -5.33% | |
47 Neutral | ₹34.44B | -8.53 | ― | 1.08% | -1.90% | -151.41% |
* General Sector Average
IN:INDOSTAR
IndoStar Capital Finance Limited
204.90
-48.40
-19.11%
IN:MASFIN
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273.15
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IN:MUTHOOTMF
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174.25
5.45
3.23%
IN:NORTHARC
Northern Arc Capital Ltd.
288.70
2.80
0.98%
IN:PAISALO
Paisalo Digital Ltd.
79.89
42.36
112.85%
IN:UGROCAP
Ugro Capital Limited
82.60
-105.95
-56.19%
IndoStar Capital Finance Limited Corporate Events
IndoStar Capital Finance Moves AGM Online and Expands Digital Access to Annual Report
Sep 2, 2026
IndoStar Capital Finance Limited has notified the stock exchanges that it has dispatched letters to shareholders and debenture holders whose email addresses are not registered, providing them with access details for the company’s Annual Repo...
IndoStar to Hold Seventeenth AGM via Video Conferencing on September 25
Aug 28, 2026
IndoStar Capital Finance Limited has announced that its seventeenth annual general meeting will be held on September 25, 2026, at 11:00 a.m. IST through video conferencing or other audio-visual means, in line with Ministry of Corporate Affairs and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.