IITL
Industrial Investment Trust financials
- Market cap
- ₹312 Cr
- Sector
- Financial Services
What Industrial Investment Trust Limited does
Industrial Investment Trust Limited (IITL) is registered with the RBI as a Non-Deposit taking, base-layer Non-Banking Financial Company classified as an NBFC-Investment and Credit Company (NBFC-ICC). It operates primarily as a holding company, deploying funds into quoted and unquoted equity shares, mutual fund units, bank fixed deposits, treasury bills and corporate loans, and holding investments in its subsidiaries and other group companies. Its subsidiary, IITL Projects Limited (also listed on BSE), is engaged in real estate development, having built and sold residential flats in the National Capital Region on land parcels allotted under the Builders Residential Scheme of GNIDA, NOIDA and the Yamuna Expressway Authority. During FY25 the group also incorporated IITL Investment Advisors Private Limited to launch an AIF Category II fund in the real estate sector, though this subsidiary had not yet commenced business as of year-end.
Segments
- Investment / NBFC lending
- Real estate
- Alternative investment fund management
- NBFC classification
- Base-layer NBFC – Investment and Credit Company (NBFC-ICC), Non-Deposit taking
- Subsidiaries
- 2 (IITL Projects Limited — listed on BSE; IITL Investment Advisors Pvt Ltd — yet to commence business)
- Listed group entities
- 2 (IITL and IITL Projects Limited, both on BSE)
- Real estate project site
- Residential complex plot in Greater Noida (NCR) under GNIDA Builders Residential Scheme
- Investment instrument mix
- Quoted & unquoted equity shares, mutual fund units, bank fixed deposits, treasury bills, corporate loans
- New business line
- AIF Category II Fund (Real Estate sector) — under incorporation via IITL Investment Advisors Pvt Ltd
Quarterly results
Q1 FY27: revenue up 68.8%, net profit up 40.0% 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 | 14 | -4 | -5 | 16 | -1 −107% | 11 +375% | -41 −720% | 27 +69% |
| EBITDA | 12 | -7 | -8 | 13 | -3 −125% | 9 +229% | -32 −300% | 21 +62% |
| Net profit | 9 | -6 | -6 | 10 | -3 −133% | 6 +200% | -25 −317% | 14 +40% |
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 −20.0% 1Y
1Y: ₹186.21 on 10 Sept 2025 → ₹149.01. High ₹203.87 (30 Sept 2025), low ₹122.18 (17 Feb 2026).
Financials, as filed
Revenue fell NaN% a year over 3 years, FY23 to FY26. Operating margin narrowed to 86.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹17 Cr | ₹36 Cr | ₹17 Cr | ₹-15 Cr |
| Operating profit | ₹47 Cr | ₹55 Cr | ₹6 Cr | ₹-13 Cr |
| Operating margin | 277.3% | 152.8% | 35.3% | 86.7% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹1 Cr |
| Net profit | ₹45 Cr | ₹72 Cr | ₹4 Cr | ₹-12 Cr |
| Net margin | 262.7% | 200.0% | 23.5% | 80.0% |
| Cash from operations | ₹277 Cr | ₹-45 Cr | ₹-139 Cr | ₹17 Cr |
| Free cash flow | ₹277 Cr | ₹-45 Cr | ₹-142 Cr | ₹17 Cr |
| ROCE | 15.6% | 14.4% | 1.3% | -3.5% |
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 | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr |
| Reserves | ₹274 Cr | ₹307 Cr | ₹352 Cr | ₹416 Cr | ₹427 Cr | ₹408 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Other liabilities | ₹32 Cr | ₹20 Cr | ₹9 Cr | ₹-3 Cr | ₹-7 Cr | ₹-6 Cr |
| Total liabilities | ₹329 Cr | ₹349 Cr | ₹383 Cr | ₹436 Cr | ₹445 Cr | ₹426 Cr |
| Fixed assets | ₹6 Cr | ₹6 Cr | ₹4 Cr | ₹6 Cr | ₹6 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹276 Cr | ₹72 Cr | ₹343 Cr | ₹354 Cr | ₹274 Cr | ₹217 Cr |
| Other assets | ₹47 Cr | ₹271 Cr | ₹36 Cr | ₹76 Cr | ₹165 Cr | ₹204 Cr |
| Total assets | ₹329 Cr | ₹349 Cr | ₹383 Cr | ₹436 Cr | ₹445 Cr | ₹426 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
Since Jun 2025, promoters added +4.93 pp while the public trimmed −2.72 pp. The shareholder count shrank 8% to 3,907.
- Promoters
- 57.4%
- FIIs
- 4.9%
- DIIs
- 1.4%
- Government
- 0.2%
- Public
- 36.1%
Since Jun 2025
- Promoters +4.93 pp
- Public −2.72 pp
- FIIs −2.21 pp
How it drifted, 12 quarters
Over this window FIIs went from 3.7% to 4.9% — +1.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 58.0%, FIIs 3.7%, DIIs 1.9%, Government 0.3%, Public 36.1%.Dec '23: Promoters 58.0%, FIIs 3.7%, DIIs 1.7%, Government 0.3%, Public 36.3%.Mar '24: Promoters 48.1%, FIIs 16.9%, DIIs 1.4%, Government 0.3%, Public 33.4%.Jun '24: Promoters 48.1%, FIIs 15.6%, DIIs 1.4%, Government 0.3%, Public 34.7%.Sep '24: Promoters 51.7%, FIIs 15.6%, DIIs 1.4%, Government 0.3%, Public 31.0%.Dec '24: Promoters 51.7%, FIIs 15.6%, DIIs 1.4%, Government 0.2%, Public 31.1%.Mar '25: Promoters 51.7%, FIIs 15.3%, DIIs 1.4%, Government 0.2%, Public 31.4%.Jun '25: Promoters 52.5%, FIIs 7.1%, DIIs 1.4%, Government 0.2%, Public 38.9%.Sep '25: Promoters 52.8%, FIIs 7.1%, DIIs 1.4%, Government 0.2%, Public 38.5%.Dec '25: Promoters 53.9%, FIIs 7.1%, DIIs 1.4%, Government 0.2%, Public 37.4%.Mar '26: Promoters 56.5%, FIIs 5.3%, DIIs 1.4%, Government 0.2%, Public 36.6%.Jun '26: Promoters 57.4%, FIIs 4.9%, DIIs 1.4%, Government 0.2%, Public 36.1%.
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.
- Nimbus India Limited +0.94 pp 21.00% held
The same filing shows 3 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Industrial Investment Trust Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| N N Financial Services P Ltd | 36.15% | unchanged |
| Nimbus India Limited | 21.00% | +0.94 pp |
| Pratik M Sheth | 10.11% | unchanged |
| Hn Safal Infra Developers Private Limited | 5.61% | unchanged |
| Necta Bloom Vcc - Necta Bloom One FPI fund | 3.36% | −0.31 pp |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.80% | −0.05 pp |
| Six Sigma Investments Fund FPI fund | 1.51% | −0.12 pp |
| Systematix Corporate Services Limited | 1.41% | unchanged |
| Life Insurance Corporation Of India Insurer | 1.14% | unchanged |
| Swaran Singh | 0.13% | unchanged |
| Bipin Agarwal | 0.13% | 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 Industrial Investment Trust Limited
Guides on how to read this kind of business and the numbers that matter.