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Indostar Capital Finance Share Price

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NSEBSE

247.603.80 (1.56%)

03:51 PM,18th Apr 2024

246.253.55 (1.46%)

04:01 PM,18th Apr 2024

BSE : 541336

NSE : INDOSTAR

Sector : Financials

ISIN Code : INE896L01010

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Last Updated: Apr 18 2024 | 04:01 PM IST

Market Cap (₹ Cr)

3369

Turnover (₹ Cr)

0.53

Volume (Shares)

214269

Face Value

10

52-WK High

261.90

52-WK High Date

18 Apr 2024

52-WK Low

112.40

52-WK Low Date

04 May 2023

All Time High

607.80

All Time High Date

24 May 2018

All Time Low

103.15

All Time Low Date

31 Mar 2023

Indostar Capital Finance Ltd

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 IndoStar's wholly-owned subsidiary IndoStar Home Finance Private Limited. IndoStar Capital Finance Limited is a leading non-banking finance company ('NBFC') registered with the Reserve Bank of India as a systemically important non-deposit 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 non-public deposit taking NBFC pursuant to a certificate of registration (bearing number N-05.06857) 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 N-05.06857) 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 wholly-owned subsidiary under the name IndoStar Home Finance Private Limited (IHFPL) for housing finance business. During the year under review the company implemented an enterprise-wide 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 wholly-owned 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.

Indostar Capital Finance Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3369

EPS - TTM (₹) [S]

9.19

P/E Ratio (X) [S]

1.10

Face Value (₹) 10
Latest Dividend (%)10.00
Latest Dividend Date 19 Nov 2019
Dividend Yield (%) -
Book Value Share (₹) [S]225.26
P/B Ratio (₹) [S]1.10
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
SBI Magnum Medium Duration Fund (G) 164.91 16600 2.58
SBI Magnum Medium Duration Fund (IDCW) 164.91 16600 2.58
SBI Magnum Medium Duration Fund - Direct (G) 164.91 16600 2.58
SBI Magnum Medium Duration Fund - Direct (IDCW) 164.91 16600 2.58
HDFC Credit Risk Debt Fund (G) 149.35 15000 1.83
HDFC Credit Risk Debt Fund (G) 149.19 15000 1.83
HDFC Credit Risk Debt Fund (IDCW-Q) 149.35 15000 1.83
HDFC Credit Risk Debt Fund (IDCW-Q) 149.19 15000 1.83
HDFC Credit Risk Debt Fund - Direct (G) 149.35 15000 1.83
HDFC Credit Risk Debt Fund - Direct (G) 149.19 15000 1.83

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

241.80

261.90

Week Low/High

228.00

261.90

Month Low/High

184.00

261.90

Year Low/High

112.40

261.90

All time Low/High

104.10

608.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week3.02%2.65%-3.40-3.33%
1 Month22.97%24.99%-0.36-0.27%
3 Month24.89%23.71%1.832.49%
6 Month39.10%38.02%10.0411.82%
1 Year86.17%86.03%21.3724.55%
3 Year-21.28%-21.41%48.4550.47%

Company Info

Company Information

Whole Time Director & CEO : Karthikeyan Srinivasan

Registered Office: Unit No 505 5th Floor Wing2/E, Corporate Avenue Andheri East,Mumbai,Maharashtra-400093 Ph:

Email:investor.relations@indostarcapital.com

URL:http://www.indostarcapital.com