Indostar Capital Finance Ltd
Indostar Capital Finance Ltd (INDOSTAR)

Indostar Capital Finance Ltd (INDOSTAR)

₹160.052.82%

Key Stats

₹152.5
Day's Price Range
₹161
₹117.25
52-Week Price Range
₹301.4
1 Month Return-15.48 %
3 Month Return14.4 %
1 Year Return-44.96 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 381
-3.26
EPS
Rank 415
₹-47.84
BVPS
Rank 59
₹297.92
Dividend Yield
Rank 112
ROE
Rank 1119
-7.6%
Price To Book Ratio
0.52
Debt To Asset
Rank 120
0.63

Company Information

IndoStar Capital Finance Ltd. IndoStar is a professionally managed and institutionally owned organization which offers structured term financing solutions to corporates and loans to small and medium enterprise SME borrowers in India. It has recently expanded its portfolio to offer vehicle finance and housing finance products through its network of 129 branches. The housing finance business is operated through IndoStars whollyowned subsidiary IndoStar Home Finance Private Limited. IndoStar Capital Finance Limited is a leading nonbanking finance company NBFC registered with the Reserve Bank of India as a systemically important nondeposit taking company. The Company operates four principal lines of business namely corporate lending SME lending vehicle financing and housing financing.IndoStar Capital Finance Limited was incorporated as a private limited company with the name R V Vyapaar Private Limited on July 21 2009. The Company was registered as a nonpublic deposit taking NBFC pursuant to a certificate of registration bearing number N05.06857 dated June 17 2010 issued by the RBI. For business and commercial reasons the name of the Company was subsequently changed to IndoStar Capital Finance Private Limited on November 15 2010. In 2011 the company received investment from Indostar Capital.In 2012 the company entered into its first loan facility agreement. During the year under review the company received long term external credit rating of CARE AA from CARE for long term facilities of Rs 500 crore. It also received external credit rating of CARE A1 from CARE for its proposed commercial papers with a limit of Rs 50 crore. During the year under review the company issued commercial papers worth Rs 100 crore and NCDs worth Rs 200 crore. In 2013 IndoStar Asset Advisory Private Limited was incorporated. The Company was converted into a public limited company and the name of the Company was changed to IndoStar Capital Finance Limited on May 28 2014. Pursuant to a change in name of the Company and conversion from a private company to a public company a certificate of registration bearing number N05.06857 dated January 21 2015 was issued by the RBI. The registered office of the Company was changed from West Bengal to Maharashtra on February 16 2015. Subsequently an order dated August 25 2015 was issued by Regional Director Eastern Region Ministry of Corporate Affairs Kolkata confirming the change in the registered office of the Company from the state of West Bengal to the state of Maharashtra and a certificate of registration of the order dated September 8 2015 was issued by the RoC.In 2015 the company launched SME finance business with the disbursement of first SME loan. During the year under review IndoStar Credit Fund managed by IAAPL was registered with SEBI. In 2016 the company incorporated a whollyowned subsidiary under the name IndoStar Home Finance Private Limited IHFPL for housing finance business. During the year under review the company implemented an enterprisewide loan management system OmniFin. During the year under review IHFPL received license from NHB to carry on the business of a housing finance institution without accepting public deposits.In 2017 the company disbursed its first housing loan. During the year under review the company launched vehicle finance business and disbursed its first vehicle finance loan. In 2018 the company opened its 100th branch and reached employee count of 1000.The company came out with an initial public offer IPO during the period from 9 May 2018 to 11 May2018. The IPO was a combination of fresh issue of Rs 700 crore and offer for sales of upto two crore equity shares 1.85 crore shares by promoter Indostar Capital and 0.15 crore share by other selling shareholders. The IPO was priced at Rs 572 per share. The issue was subscribed 6.8 times. The stock made its debut on the bourses on 21 May 2018.The Board of Directors of IndoStar Capital Finance Limited at its Meeting held on 30 May 2018 considered and approved termination of Share Sale and Purchase Agreement dated 7 February 2018 executed between the company Everstone Capital Advisors Private Limited ECAPL and IndoStar Asset Advisory Private Limited IAAPL for sale of 10000 fully paid equity shares of Face Value of Rs 10 each constituting 100 of the share capital of IAAPL held by the company to ECAPL.IndoStar Capital Finance Limited on 19 June 2018 subscribed 3.5 crore equity shares of face value of Rs 10 each issued by IndoStar Home Finance Private Limited a whollyowned subsidiary of the company IHFPL on right issue basis at par wherein Rs 17.50 crore was paid towards application money and balance amount shall be paid in one or more tranches as and when calls are made by the Board of Directors of IHFPL.On 24 August 2018 IndoStar Capital Finance Limited informed the stock exchanges that credit rating agency CARE Ratings Limited CARE has revised the outlook for rating of the Long Term Debt Programme including Market Linked Debentures of the company from Stable to Positive.On 10 October 2018 IndoStar Capital Finance Limited said in a press release that the company has comfortable liquidity position strong balance sheet and excellent asset quality. It has cash equivalents on hand at Rs 1263 crore which is 22 of its external debt. The company has positive ALM month on month for next 18 months.
OrganisationIndostar Capital Finance Ltd
HeadquartersMumbai
IndustryFinance