Lends primarily against gold jewellery to retail customers and small businesses, with mortgages, microfinance and secured MSME loans as other core businesses. Gold loans form the single largest portfolio, followed by home finance, microfinance and MSME loans, plus co-lending and loan-assignment arrangements with bank partners. Revenue is essentially the spread between interest charged on loans and the cost of borrowed funds. Employee costs are the largest operating expense at 15.8% of revenue, with other operating expenses adding 8.9%. The business is being repositioned away from unsecured lending, which has been fully discontinued, towards secured retail and MSME credit. The group operates through subsidiaries including IIFL Home Finance for mortgages and Samasta Microfinance for joint-liability group lending. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Gold loans, Home finance, Microfinance, MSME loans, Co-lending and loan assignment, Financial products distribution, Capital market activities. Asset-heavy, leveraged NBFC focused on secured retail and MSME lending
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,836 | 8,259 | 10,249 | 10,211 | 13,351 |
| EBITDA (ex other income) | 4,479 | 5,299 | 6,395 | 5,039 | 8,314 |
| margin % | 65.5 | 64.2 | 62.4 | 49.3 | 62.3 |
| Owners' profit | 1,188 | 1,500 | 1,764 | 379 | 1,661 |
| EPS, as reported (₹) | 31.33 | 39.49 | 46.29 | 9.07 | 39.07 |
| ROE % · ROCE % | 18.4 · — | 15.8 · — | 16.4 · — | 4.1 · — | 11.6 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 1,784 | (4,941) | (5,848) | (4,781) | (13,976) |
| Capex | (101) | (261) | (268) | (61) | (81) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,572 | 2,443 | 2,591 | 2,953 | 3,305 | 3,427 | 3,693 | 3,919 |
| Profit before tax | (140) | 101 | 309 | 356 | 557 | 663 | 833 | 929 |
| Net profit | (93) | 82 | 251 | 274 | 418 | 501 | 623 | 713 |
| EPS (₹) | (3.72) | 0.96 | 4.89 | 5.49 | 8.86 | 10.92 | 13.80 | 15.87 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BAJAJ FINANCE LIMITED | 6,43,552 | 31.7 | 5.50 | 11.6 | 16.5 | — | 25.2 | 70.7 |
| SHRIRAM FINANCE LIMITED | 2,42,019 | 18.1 | 3.67 | 6.7 | 15.2 | — | 22.5 | 74.7 |
| CHOLAMANDALAM IN & FIN CO | 1,57,446 | 27.2 | 5.17 | 6.9 | 17.2 | — | 26.5 | 71.2 |
| TATA CAPITAL LIMITED | 1,54,110 | 28.2 | 3.27 | 6.5 | 10.4 | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Two senior managers resign at IIFL Finance | management changes | high | — | — |
| 11 Sept 2026 · Two Senior Management Personnel resign from IIFL Finance | management changes | high | — | — |
| 10 Sept 2026 · IIFL Finance allots 14,30,848 shares on ESOP exercise | capital market events | low | — | — |
| 9 Sept 2026 · IIFL Finance allots 25 crore rupees NCDs at 9.10 percent via private placement | fund raising | medium | — | — |
| 9 Sept 2026 · IIFL Finance clarifies on Fairfax exit news report, denies negotiations | regulatory legal | high | — | — |
| 8 Sept 2026 · NSE seeks clarification from IIFL Finance on Fairfax exit news | regulatory legal | high | — | — |
| 8 Sept 2026 · IIFL Finance allots INR 100 Cr subordinated unsecured NCDs at 9.35% | fund raising | high | — | — |
| 5 Sept 2026 · Independent Director completes tenure at IIFL Finance | management changes | medium | — | — |
| 2 Sept 2026 · IIFL Finance allots 350 Crore NCDs at 9.25 percent via private placement | fund raising | medium | — | — |
| 25 Aug 2026 · Crisil reaffirms IIFL Finance credit ratings at AA with stable outlook | credit debt | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| — |
| 75.8 |
| MUTHOOT FINANCE LIMITED | 1,12,094 | 9.9 | 2.82 | 3.9 | 26.7 | — | 22.0 | 84.0 |
| SBI CARDS & PAY SER LTD | 62,349 | 27.4 | 3.96 | — | 13.8 | — | — | 33.1 |
| HDB FINANCIAL SERVICES L | 55,706 | 20.2 | 2.70 | — | 12.3 | — | — | 58.0 |
| SUNDARAM FINANCE LTD | 52,217 | 23.3 | 3.51 | 6.7 | 13.8 | — | — | 78.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.2 | 18.2 | 79 of 212 | 63% |
| P/B | 1.6 | 1.1 | 154 of 245 | 37% |
| ROE | 11.6 | 3.0 | 45 of 266 | 83% |
| Debt / Equity | 0.0 | 0.0 | 5 of 266 | 11% |
| EBITDA margin | 69.2 | 48.6 | 85 of 249 | 66% |
| Revenue growth | 32.7 | 12.6 | 83 of 231 | 64% |
| Profit growth | 160.1 | 7.8 | 50 of 251 | 80% |
| Market cap | 25561 | 37 | 14 of 260 | 95% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
