535667
India Finsec financials
- Market cap
- ₹727 Cr
- Sector
- Financial Services
What India Finsec does
India Finsec Limited is a Non-Banking Financial Company registered with the Reserve Bank of India that is primarily engaged in advancing loans and making investments. Following the Board's approval to surrender its NBFC-ICC certificate of registration, the company is realigning its business to operate as an unregistered Core Investment Company, holding equity stakes in group entities rather than directly lending. Its principal holding is a 71.01% equity stake in subsidiary IFL Finance Limited (formerly IFL Housing Finance Limited), which itself converted from a Housing Finance Company to a Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC) in June 2025.
Segments
- Loans and investments
- Holding company
- Stake in subsidiary IFL Finance Limited (NBFC-ICC)
- 71.01%
Quarterly results
Q1 FY27: revenue up 53.7%, net profit up 28.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 | 19 | 18 | 19 | 20 +12% | 22 +17% | 24 +35% | 29 +54% |
| EBITDA | 13 | 13 | 13 | 14 | 15 +16% | — | — | — |
| Net profit | 5 | 5 | 5 | 5 | 6 +23% | 5 +10% | 6 +25% | 7 +29% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +51.7% 1Y
1Y: ₹164.65 on 10 Sept 2025 → ₹249.7. High ₹250.7 (31 Aug 2026), low ₹150.05 (13 Oct 2025).
Financials, as filed
Revenue grew 23.3% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹45 Cr | ₹64 Cr | ₹71 Cr | ₹85 Cr |
| Operating profit | ₹25 Cr | ₹41 Cr | ₹51 Cr | — |
| Operating margin | 54.5% | 64.5% | 71.8% | — |
| Interest | ₹17 Cr | ₹23 Cr | ₹25 Cr | ₹33 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr |
| Net profit | ₹5 Cr | ₹12 Cr | ₹18 Cr | ₹22 Cr |
| Net margin | 10.2% | 19.1% | 25.4% | 25.6% |
| Cash from operations | ₹-90 Cr | ₹-15 Cr | ₹-29 Cr | ₹-121 Cr |
| Free cash flow | ₹-91 Cr | ₹-16 Cr | ₹-32 Cr | ₹-127 Cr |
| ROE | 5.0% | 12.0% | 13.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹29 Cr | ₹29 Cr |
| Reserves | ₹28 Cr | ₹33 Cr | ₹36 Cr | ₹43 Cr | ₹92 Cr | ₹100 Cr |
| Borrowings | ₹51 Cr | ₹85 Cr | ₹170 Cr | ₹190 Cr | ₹250 Cr | ₹401 Cr |
| Other liabilities | ₹20 Cr | ₹37 Cr | ₹48 Cr | ₹45 Cr | ₹58 Cr | ₹60 Cr |
| Total liabilities | ₹123 Cr | ₹180 Cr | ₹279 Cr | ₹304 Cr | ₹430 Cr | ₹590 Cr |
| Fixed assets | ₹3 Cr | ₹10 Cr | ₹9 Cr | ₹9 Cr | ₹15 Cr | ₹16 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹11 Cr | ₹3 Cr | ₹1 Cr | ₹0 Cr | ₹5 Cr | ₹0 Cr |
| Other assets | ₹109 Cr | ₹168 Cr | ₹269 Cr | ₹295 Cr | ₹410 Cr | ₹575 Cr |
| Total assets | ₹123 Cr | ₹180 Cr | ₹279 Cr | ₹304 Cr | ₹430 Cr | ₹590 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 824.
- Promoters
- 56.0%
- Public
- 44.0%
Since Jun 2025
- Promoters +0.04 pp
- Public −0.04 pp
How it drifted, 12 quarters
Over this window promoters fell from 60.4% to 56.0% — −4.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 60.4%, Public 39.6%.Dec '23: Promoters 60.5%, Public 39.5%.Mar '24: Promoters 60.5%, Public 39.5%.Jun '24: Promoters 60.5%, Public 39.5%.Sep '24: Promoters 60.5%, Public 39.5%.Dec '24: Promoters 60.5%, Public 39.5%.Mar '25: Promoters 55.9%, Public 44.0%.Jun '25: Promoters 55.9%, Public 44.0%.Sep '25: Promoters 55.9%, Public 44.0%.Dec '25: Promoters 55.9%, Public 44.0%.Mar '26: Promoters 56.0%, Public 44.0%.Jun '26: Promoters 56.0%, Public 44.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Gopal newly disclosed 15.54% held
- Alka Mittal newly disclosed 1.23% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of India Finsec above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gopal | 15.54% | newly disclosed |
| Gopal Bansal | 13.85% | unchanged |
| Ganga Devi Bansal | 7.24% | unchanged |
| Escorp Asset Management Limited | 6.85% | unchanged |
| Radhey Kishan | 5.16% | unchanged |
| Precious Tradeways Private Limited | 5.04% | unchanged |
| Sunita Bansal | 4.44% | unchanged |
| Mukesh Sharma | 4.43% | unchanged |
| Bhupesh Kumar Jindal | 4.04% | unchanged |
| Charu Goyal | 3.85% | unchanged |
| Daisy Distributors Private Limited | 3.49% | unchanged |
| Manoj Sharma | 2.61% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse India Finsec
Guides on how to read this kind of business and the numbers that matter.