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Last Updated: April 2, 2026, 3:05 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542773 | NSE: IIFLCAPS

IIFL Capital Services Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹325.93Undervalued by 24.88%vs CMP ₹261.00

P/E (14.1) × ROE (31.6%) × BV (₹90.40) × DY (1.15%)

₹243.12Fairly Valued by 6.85%vs CMP ₹261.00
MoS: -7.4% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹368.1722%Under (+41.1%)
Graham NumberEarnings₹194.0916%Over (-25.6%)
Earnings PowerEarnings₹78.6111%Over (-69.9%)
DCFCash Flow₹290.7613%Under (+11.4%)
Net Asset ValueAssets₹90.357%Over (-65.4%)
EV/EBITDAEnterprise₹244.869%Fair (-6.2%)
Earnings YieldEarnings₹185.207%Over (-29%)
ROCE CapitalReturns₹408.799%Under (+56.6%)
Revenue MultipleRevenue₹81.005%Over (-69%)
Consensus (9 models)₹243.12100%Fairly Valued
Key Drivers: Wide model spread (₹79–₹409) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.0%

*Investments are subject to market risks

Investment Snapshot

63
IIFL Capital Services Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health80/100 · Strong
ROCE 33.3% ExcellentROE 31.6% ExcellentD/E 0.30 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -2.47% (6mo) SellingDII holding up 1.08% MF buyingPromoter holding at 30.9% Stable
Earnings Quality65/100 · Strong
OPM expanding (39% → 43%) Improving
Quarterly Momentum15/100 · Weak
Revenue (4Q): -9% YoY DecliningProfit (4Q): -25% YoY DecliningOPM: 32.0% (down 10.0% YoY) Margin pressure
Industry Rank100/100 · Strong
P/E 14.1 vs industry 171.3 Cheaper than peersROCE 33.3% vs industry 11.4% Above peersROE 31.6% vs industry 25.6% Above peers3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

IIFL Capital Services Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 14.1 vs Ind 171.3 | ROCE 33.3% | ROE 31.6% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.30x | IntCov 0.0x | Current 1.14x | Borrow/Reserve 0.63x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹713 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.42 pp | DII +0.35 pp | Prom -0.05 pp
Business Momentum
+100
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +2.4% | Q NP +121.2% | Q OPM -5.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-6.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.63xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.42 ppLatest FII% minus previous FII%
DII Change+0.35 ppLatest DII% minus previous DII%
Promoter Change-0.05 ppLatest promoter% minus previous promoter%
Shareholder Count Change-6,141Latest shareholder count minus previous count
Quarterly Sales Change+2.4%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+121.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-5.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:05 am

Market Cap 8,120 Cr.
Current Price 261
Intrinsic Value₹243.12
High / Low 411/170
Stock P/E14.1
Book Value 90.4
Dividend Yield1.15 %
ROCE33.3 %
ROE31.6 %
Face Value 2.00
PEG Ratio1.09

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for IIFL Capital Services Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IIFL Capital Services Ltd 8,120 Cr. 261 411/17014.1 90.41.15 %33.3 %31.6 % 2.00
Ujjivan Financial Services Ltd 7,179 Cr. 590 /8.75 2990.00 %10.3 %32.1 % 10.0
Pilani Investment & Industries Corporation Ltd 4,883 Cr. 4,410 5,980/3,8804,036 15,3470.34 %1.75 %0.64 % 10.0
JM Financial Ltd 11,505 Cr. 120 200/78.09.12 1082.24 %9.39 %9.01 % 1.00
Maharashtra Scooters Ltd 12,870 Cr. 11,261 18,538/9,22541.4 28,8871.42 %0.59 %0.61 % 10.0
Industry Average17,128.74 Cr1,145.63171.253,616.520.48%11.38%25.55%6.58

All Competitor Stocks of IIFL Capital Services Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 342402409507559686640645583537617572586
Expenses 226250271348318350340379337351396359396
Operating Profit 116152138159240337300266245186221213190
OPM % 34%38%34%31%43%49%47%41%42%35%36%37%32%
Other Income 532272318458643663-25134
Interest 18192130435444484543405353
Depreciation 17171616186312131416161517
Profit before tax 85119102140203237248264250163228120254
Tax % 24%27%27%23%26%24%26%22%21%22%23%29%26%
Net Profit 65867510815118118220519712817685188
EPS in Rs 2.122.832.453.524.885.845.916.646.364.135.662.726.01

Last Updated: March 4, 2026, 9:09 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:46 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9338707588411,2951,3612,2172,5202,313
Expenses 4914614324877498861,2841,4051,503
Operating Profit 4414093263545464759331,115810
OPM % 47%47%43%42%42%35%42%44%35%
Other Income 1461342722101448209
Interest 1451151035010277150183190
Depreciation 3742554663671145564
Profit before tax 274258301285402341683925765
Tax % 34%34%22%23%24%27%25%23%
Net Profit 181171234220306250513713577
EPS in Rs 96.4791.587.327.2710.078.1916.6422.9818.52
Dividend Payout % 0%0%27%14%30%37%18%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-5.52%36.84%-5.98%39.09%-18.30%105.20%38.99%
Change in YoY Net Profit Growth (%)0.00%42.37%-42.83%45.07%-57.39%123.50%-66.21%

IIFL Capital Services Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:27%
3 Years:25%
TTM:0%
Compounded Profit Growth
10 Years:%
5 Years:35%
3 Years:32%
TTM:14%
Stock Price CAGR
10 Years:%
5 Years:49%
3 Years:60%
1 Year:-12%
Return on Equity
10 Years:%
5 Years:28%
3 Years:29%
Last Year:32%

Last Updated: September 5, 2025, 6:55 am

Balance Sheet

Last Updated: December 4, 2025, 1:24 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.000.0064616161626262
Reserves 5606678169071,1211,2891,7252,4452,749
Borrowings 1,0977594592926074861,1549371,742
Other Liabilities 1,2051,6241,0952,2854,2523,4014,9344,5114,538
Total Liabilities 2,8623,0502,4343,5446,0415,2377,8757,9569,091
Fixed Assets 512393402403482440379388284
CWIP 848613013231123
Investments 1591402317422890159486580
Other Assets 2,1072,4311,6712,9365,3294,7077,3357,0808,224
Total Assets 2,8623,0502,4343,5446,0415,2377,8757,9569,091

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -110587352152795-793-118871
Cash from Investing Activity + -118021148-86163-74-177
Cash from Financing Activity + 462-494-514-361108-296430-490
Net Cash Flow 23493-141-62817-925239204
Free Cash Flow -20852742389822-798-138922
CFO/OP -0%166%122%59%161%-146%7%96%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow440.00-350.00-133.0062.00-61.00-11.00932.00-936.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 101016158687
Inventory Days
Days Payable
Cash Conversion Cycle 101016158687
Working Capital Days -409-522-239-498-891-551-497-346
ROCE %24%22%25%32%23%35%33%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 31.14%31.13%31.11%30.97%30.91%30.88%30.79%30.72%30.70%31.02%30.98%30.93%
FIIs 16.48%16.33%13.59%15.54%15.18%17.51%19.00%19.12%18.98%17.24%16.93%16.51%
DIIs 3.20%3.24%3.31%3.29%3.37%3.18%3.70%3.99%4.31%4.92%5.04%5.39%
Public 49.16%49.29%51.99%50.20%50.55%48.43%46.52%46.18%46.02%46.84%47.07%47.17%
No. of Shareholders 62,75164,42462,40764,30770,00368,06168,26879,29977,53874,62274,00667,865

Shareholding Pattern Chart

No. of Shareholders

IIFL Capital Services Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Flexi Cap Fund 1,846,770 1.15 61.051,643,6002026-02-23 01:10:1212.36%
HSBC India Export Opportunities Fund 514,000 1.31 16.99N/AN/AN/A
ICICI Prudential Exports and Services Fund 421,106 1 13.92291,6682026-02-23 01:10:1244.38%
HSBC Balanced Advantage Fund 250,000 0.54 8.26N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 23.0616.738.2210.096.97
Diluted EPS (Rs.) 21.8916.408.169.946.91
Cash EPS (Rs.) 24.7720.3710.3612.158.78
Book Value[Excl.RevalReserv]/Share (Rs.) 80.8958.0344.1838.8831.94
Book Value[Incl.RevalReserv]/Share (Rs.) 80.8958.0344.1838.8831.94
Revenue From Operations / Share (Rs.) 77.5970.2044.2540.5526.11
PBDIT / Share (Rs.) 37.4130.6815.8218.6512.55
PBIT / Share (Rs.) 35.6426.9813.6316.5711.03
PBT / Share (Rs.) 29.8322.1711.1613.239.39
Net Profit / Share (Rs.) 23.0016.678.1810.067.27
NP After MI And SOA / Share (Rs.) 22.9816.648.1910.077.27
PBDIT Margin (%) 48.2143.6935.7446.0048.05
PBIT Margin (%) 45.9238.4330.7940.8542.25
PBT Margin (%) 38.4431.5825.2132.6135.98
Net Profit Margin (%) 29.6423.7518.4724.8027.83
NP After MI And SOA Margin (%) 29.6123.7018.5024.8327.86
Return on Networth / Equity (%) 28.4128.6718.5225.8922.76
Return on Capital Employeed (%) 42.0144.7529.3040.5033.52
Return On Assets (%) 8.956.504.775.066.21
Total Debt / Equity (X) 0.370.640.350.510.30
Asset Turnover Ratio (%) 0.300.320.220.230.24
Current Ratio (X) 1.391.221.231.141.14
Quick Ratio (X) 1.391.221.231.141.14
Dividend Payout Ratio (NP) (%) 13.0418.0136.5529.7813.74
Dividend Payout Ratio (CP) (%) 12.1114.7428.8524.6611.37
Earning Retention Ratio (%) 86.9681.9963.4570.2286.26
Cash Earning Retention Ratio (%) 87.8985.2671.1575.3488.63
Interest Coverage Ratio (X) 6.446.386.405.587.66
Interest Coverage Ratio (Post Tax) (X) 4.964.474.314.015.44
Enterprise Value (Cr.) 3671.35464.22-823.88-438.9131.62
EV / Net Operating Revenue (X) 1.530.21-0.60-0.350.03
EV / EBITDA (X) 3.170.49-1.70-0.770.08
MarketCap / Net Operating Revenue (X) 2.801.751.132.191.79
Retention Ratios (%) 86.9581.9863.4470.2186.25
Price / BV (X) 2.692.111.132.281.46
Price / Net Operating Revenue (X) 2.801.751.132.191.79
EarningsYield 0.100.130.160.110.15

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

IIFL Capital Services Ltd. is a Public Limited Listed company incorporated on 21/03/1996 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1996PLC132983 and registration number is 132983. Currently Company is involved in the business activities of Security and commodity contracts brokerage. Company's Total Operating Revenue is Rs. 2049.11 Cr. and Equity Capital is Rs. 61.99 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsIIFL House, Sun lnfotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Maharashtra 400604Contact not found
Management
NamePosition Held
Ms. Rekha Gopal WarriarChairman & Ind.Director
Mr. R VenkataramanManaging Director
Mr. Narendra Deshmal JainWhole Time Director
Mr. Anand Shailesh BathiyaIndependent Director
Mr. Shamik Das SharmaIndependent Director
Mr. V KrishnanIndependent Director

FAQ

What is the intrinsic value of IIFL Capital Services Ltd and is it undervalued?

As of 05 April 2026, IIFL Capital Services Ltd's intrinsic value is ₹243.12, which is 6.85% lower than the current market price of ₹261.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (31.6 %), book value (₹90.4), dividend yield (1.15 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of IIFL Capital Services Ltd?

IIFL Capital Services Ltd is trading at ₹261.00 as of 05 April 2026, with a FY2026-2027 high of ₹411 and low of ₹170. The stock is currently in the middle of its 52-week range. Market cap stands at ₹8,120 Cr..

How does IIFL Capital Services Ltd's P/E ratio compare to its industry?

IIFL Capital Services Ltd has a P/E ratio of 14.1, which is below the industry average of 171.25. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is IIFL Capital Services Ltd financially healthy?

Key indicators for IIFL Capital Services Ltd: ROCE of 33.3 % indicates efficient capital utilization; ROE of 31.6 % shows strong shareholder returns. Dividend yield is 1.15 %.

Is IIFL Capital Services Ltd profitable and how is the profit trend?

IIFL Capital Services Ltd reported a net profit of ₹713 Cr in Mar 2025 on revenue of ₹2,520 Cr. Compared to ₹306 Cr in Mar 2022, the net profit shows an improving trend.

Does IIFL Capital Services Ltd pay dividends?

IIFL Capital Services Ltd has a dividend yield of 1.15 % at the current price of ₹261.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IIFL Capital Services Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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