AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 25 Sep - Shareholders approved S.R. Batliboi & Co. LLP as statutory auditor for 3 years from September 25, 2026.
Source: Bse
IndoStar Capital Finance Limited (INDOSTAR)
Small CapFinancial Services stocks · Small cap · NSE
IndoStar Capital Finance Limited operates in Corporate Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals17 Oct 2026 · screener
Latest result29 Jul, 08:41 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
38BearishSMA20 -17.2% / mo · MACD + · near 52W low
Stock trend: 34
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
INDOSTARD candles · FIT view-1.0%Latest close ₹193.69 on 2026-10-19
Bar
-1.1%
RSI
32
MACD hist
0.29
52W pos
13%
2026-10-19O ₹195.75H ₹200.06L ₹192.98C ₹193.69Vol 86,291 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
INDOSTARNifty Financial ServicesNifty 500
- INDOSTAR
- -27.4%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- -21.8 pp
Chart stats
19 Oct 2026- From 52W high
- -33.7%
- 52W range position
- 13%
- ATR (14)
- 4.7%
- Volume vs 20D
- 0.70x
- Avg traded value
- ₹2.5 Cr
- 20D price channel
- ₹187.1 - ₹241.1
₹292
₹179 - ₹292
₹9.2
Latest completed session
20-session average
33.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED16
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +5.8% · PAT -98.0% YoY
Technical
Bearish38
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence50
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -98% YoY · Rev +6% YoY
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹364 Cr | +5.8% | +4.9% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹11 Cr | -98.0% | NDF |
| PAT margin | 3.0% | -15570 bps | +12521 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.83
- EV/EBITDA
- 307.96
- Market Cap
- 3146.00Cr
Profitability
- ROE
- -23.90%
- ROCE
- -2.68%
- ROA
- -4.14%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 2.00%
- EPS 5Y
- -7.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 3.00%
Balance Sheet
- Debt/Equity
- 1.45
- Interest Coverage
- —
- Altman Z
- 1.00
- Book Value
- 234.00
Cash Flow
- FCF Yield
- 40.37%
- FCF Positive Y
- 3/5
- OCF
- -989.00 Cr
- EPS TTM
- -24.25
Shareholding
- Promoter Hold
- 70.36%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 15%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 10.0+25.0% vs prev
Net Profit
₹ CrLatest: 140+15.7% vs prev
Return on Equity
%Latest: 86.4+2583.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 32. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~20.7% over last month) — short-term momentum negative.
- RSI(14) at 32 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 34% off 52W high · 8% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
36
RS percentile
Stage 1 Base / Transition
1M return
-19.6%
3M return
-27.4%
6M return
-4.8%
1Y return
-20.2%
RS 1D
+5
RS 20D
-22
Sector rank
#10
Industry rank
#67
Stage evidence
- Price is 15.8% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 79.72+0.57%
RS vs Nifty 50080
Valuation & peers
U-Score 16 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 16 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation4/30
Growth1/25
Quality0/20
Balance Sheet4/15
Cash Flow6/10
Piotroski
2/9 (+0)
Penalties
1
Raw sum
16
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
16/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 40.4%.
- Cash flow contributes 6/10 to the score.
- Balance sheet contributes 4/15 to the score.
Main drags
- Altman Z is 1.0, in distress territory.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 1/25; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
—
PB
0.8
EV/EBITDA
308.0
ROE
-23.9%
ROCE
-2.7%
FCF Yield
40.4%
Debt/Equity
1.4
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
16
Previous: 16
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
16
16
16
16
16
16
16
16
16
16
16
16
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
4.5
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
FUSION
Small
Fusion Finance Limited
NBFC
match 142
21
16.1
0.7%
-530%
OVERVALUED
ASHIKAG
Small
Ashika Global Securities Limited
NBFC
match 142
28
38.4
5.6%
-81%
OVERVALUED
AYE
Small
Aye Finance Limited
NBFC
match 139
39
16.9
9.2%
+47%
WATCHLIST
5PAISA
Small
5Paisa Capital Limited
NBFC
match 138
30
38.9
7.0%
-49%
OVERVALUED
ARMANFIN
Small
Arman Financial Services Limited
NBFC
match 138
39
15.9
6.3%
+46%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
IndoStar Capital Finance Limited operates in Corporate Finance, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
50Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 7th percentile of the scored universe and 11th percentile within Financial Services. Main check: results consistency is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
140 docs text-extracted · 56 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
7th percentile
overall median 67 · Financial Services: 11th pctile, median 62 · Small: 9th pctile, median 66
Evidence depth
Financial-only
140 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
62
acceptable · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
40
weak · capital discipline
Results
27
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 70.4%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 30.4%.
Trust risks
- ▸Operating cash flow is negative at ₹-989 Cr.
- ▸Altman Z is 1.11.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding fell 2.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching IndoStar Capital Finance Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Intimation Regarding Letters Being Dispatched To The Members Of The Company Pursuant To Regulation 36(1)(B) And 58(1)(B) Of SEBI (LODR) Regulations, 2015 2 Sep - IndoStar Capital Finance sends AGM notice and FY2025-26 annual report; AGM on September 25, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 15 Sep - IndoStar Capital Finance Limited has informed regarding allotment of 14,703 shares
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep - Intimation of Newspaper Publication for attention of Shareholders of the Company with respect to 17th Annual General Meeting of the Company scheduled to be held …
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 12 Aug - Intimation regarding of ESOP dated August 12, 2026
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 13 Jul - Intimation regarding of ESOP Dated July 13, 2026
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 28 May - Submission of Newspaper Clipping of the Audited Consolidated Result for the quarter and financial year ended March 31, 206
Source: Bse
Annual report
Annual Report 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.