IIFLCAPSFinancial Services

IIFL Capital Services Limited

Stockbroking & Allied · ISIN INE489L01022 · BSE 542773 · NSE EQ · FV ₹2
Last price
₹349
+0.32%today
What this company does

IIFL Capital Services Limited operates in Stockbroking & Allied, part of the Financial Services sector. It booked ₹714 cr of revenue in its latest quarter (Q2 FY27) and kept 17.8% of sales as profit. It is the 6th largest of 9 Stockbroking & Allied companies we track, by market value.

Their stated vision

“To be amongst India’s We have developed a most respected financial Fairness strong bond and lasting services companies.”

In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 102–253 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
59

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Cash quality36

Whether reported profit actually arrives as cash

Growth & consistency77

Whether sales and profit have grown, and how steadily

Valuation50

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 18% net margin
✓ Sales up 25% vs last year
✓ Profit up 49% vs last year
✓ No promoter shares pledged
Watch-outs
! Operating cash flow is negative

What if I invest in IIFLCAPS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹349▲ +0.32%
latest close · 2026-11-04
1-year return
+210.4%
52-wk low ₹6552-wk high ₹356
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.4Average
LowAverageHigh
P/B ratio3.18High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.7%Fair
WeakFairStrong ▸15%
Net margin17.8%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.22Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹11,007 cr
Book value
₹110
EPS
₹4.07
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
4.2%
Earnings yield
4.66%
P/S
3.85
Sales / share
₹90.6
Tax rate
27.3%
Face value
₹2
Shares
31.5 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
68.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹246 vs market price ₹349 — price is 42% above it
Safety cushion-41.9%(target ≥ +20%)
Models span ₹202–₹290, midpoint ₹246
Model ₹246
Price ₹349
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹714 cr
Other Income₹-24 cr
Total Income₹690 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹194 cr
Finance Costs₹75 cr
Depreciation & Amortisation₹18 cr
Other Expenses₹96 cr
Total Expenses₹516 cr
Profit before Tax₹174 cr
Tax Expense₹48 cr
Net Profit₹127 cr
Net margin on total income18.3%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹194 cr28.1%
Finance costs₹75 cr10.8%
Depreciation & amortisation₹18 cr2.5%
Other expenses₹230 cr33.3%
Tax expense₹48 cr6.9%
Profit for the period₹127 cr18.3%
Total income ₹690 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue644 cr631 cr714 cr
Total income655 cr721 cr690 cr
Expenses500 cr482 cr516 cr
Profit before tax155 cr239 cr174 cr
Tax39 cr55 cr48 cr
Net profit (owners' share)115 cr184 cr127 cr
Net margin (owners' share, on revenue)17.8%29.2%17.8%
EPS (₹)3.695.924.07
YoY (latest quarter): total income +26.1% · net profit +49.0%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹12,131 cr
Shareholder equity
₹3,463 cr
parent shareholders
Total debt
₹759 cr
Cash
₹213 cr
Cash flow · H1 FY27
Operating
₹-195 cr
Investing
₹-357 cr
Financing
₹341 cr
Peer comparison
Stockbroking & Allied · by market value
CompanyPriceMarket capP/E
Billionbrains Garage Ventures Limited₹206₹1.29 L cr44.0
Motilal Oswal Financial Services Limited₹1,010₹60,901 cr14.1
360 ONE WAM LIMITED₹1,065₹43,441 cr36.1
Nuvama Wealth Management Limited₹1,866₹34,067 cr27.8
Angel One Limited₹310₹28,389 cr21.1
IIFL Capital Services Limitedthis company₹348₹10,973 cr21.4
Share India Securities Limited₹184₹4,030 cr8.1
Anand Rathi Share and Stock Brokers Limited₹481₹3,032 cr18.1
Monarch Networth Capital Limited₹346₹2,742 cr12.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.86%
trailing 12 months
Dividend / share (TTM)
₹3
Last dividend
₹3
ex 16 Feb 2026
ActionDetailEx-date
Dividend₹3 / share16 Feb 2026
Dividend₹3 / share17 Feb 2025
Dividend₹3 / share15 Mar 2024
Dividend₹3 / share3 Feb 2023
Dividend₹3 / share3 Feb 2022
Dividend₹1 / share18 Mar 2021
Who owns it · 2026-09-30
No pledge
Promoter
30.5%
FII / Foreign
15.4%
DII / Domestic
4.9%
Retail / others
49.3%
Promoter stake down 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldBharat Agrawal · Employees/Designated Employees30,000 · ₹27.5 L23 Nov 21
SoldBharat Agrawal · Employees/Designated Employees20,000 · ₹20.0 L26 Oct 21
SoldBharat Agrawal · Employees/Designated Employees10,000 · ₹11.2 L27 Jul 21
Bulk / block deals
SoldTHELEME INDIA MASTER FUND LIMITED · NSE31.24 L @ ₹348.0129 Oct 26
short— · NSE1326 Aug 26
short— · NSE33 Jul 26
Stake changes
BoughtOrpheus Trading Private Ltd · promoter→ 1.30% · 10.00 L20 Jun 25
BoughtOrpheus Trading Private Ltd · promoter→ 1.30% · 10.00 L20 Jun 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 9 Sep 2026
See the official result
1
Receiving, considering and adopting: (a) The Audited Standalone Financial Statement(s) of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditor’s thereon;(b) The Audited Consolidated Financial Statement(s) of the Company for the financial year ended March 31, 2026, together with Auditor’s report thereon
Backed by 100% of shareholders other than promotersneeded 50%
13.26 cr votes for, 82 against · 0% of mutual funds and other big investors said no
2
Re-appointing Mr. R. Venkataraman (DIN: 00011919), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
13.22 cr votes for, 4.05 L against · 1% of mutual funds and other big investors said no
3
Approving material related party transactions with IIFL Finance Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
6.37 cr votes for, 3.19 L against · 1% of mutual funds and other big investors said no
4
Approving material related party transactions with IIFL Home Finance Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
6.37 cr votes for, 3.19 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 8 named members
owning 30.5% between them · as of 2026-09-30
Nirmal Bhanwarlal Jain14.89%
Madhu N Jain3.83%
Venkataraman Rajamani3.55%
Mansukhlal Jain & Pritesh Mehta (in their capacity as Trustee of Nirmal Madhu Family Private Trust)3.17%
Aditi Avinash Athavankar (in the capacity as Trustee of Kalki Family Private Trust)2.85%
Orpheus Trading Pvt Ltd1.27%
Ardent Impex Pvt Ltd0.86%
Aditi Athavankar0.06%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.