IIFL Capital Services Limited

₹350.55As of Sun 8 Nov 2026, 12:00 UTC

NSE:IIFLCAPSFinancials

Country India

PE (Fwd) •••

TSR 7Y CAGR 44.32%

Div yield 0.86%

ROE 19.53%

Capital Markets

Beta (5Y) 0.73

PE TTM 18.85

TSR TTM 3.64%

Mkt cap ₹130.6B

ROIC 10.38%

SE Grade™

Value

Quality

Moat

Consensus

Reference

₹372

6.06%

(75.52%)

Hold 8|0|9|7|0

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

5Y

10Y

Peers

23.47

Revenue₹B

16.91

17.71

18.55

19.58

20.06

21.44

22.33

23.79

25.50

26.20

26.22

5.49%

5.02%

93

25.77

Revenue growth%

16.29

14.16

16.55

14.46

14.97

16.65

15.51

17.85

17.70

16.42

12.60

16.65

16.36

31

11.82

Gross margin%

25.24

24.54

24.35

26.07

28.09

29.70

27.34

25.55

26.44

24.81

8.45

26.44

25.81

12

4.20

Operating margin%

23.81

26.39

24.30

25.69

25.86

23.76

22.30

25.08

25.10

27.71

24.64

25.08

25.09

50

20.06

Net margin%

2.21

0.40

2.94

5.17

4.99

7.85

9.97

12.79

12.21

12.46

3.44

12.21

6.51

39

20.43

P/E ratio (avg)x

39.87

43.73

48.75

54.95

62.35

68.78

76.70

75.88

76.95

87.29

31.23

76.70

65.56

19

22.19

EV/EBITx

24.51

23.26

22.07

20.80

23.39

22.65

21.70

22.50

23.97

26.82

13.69

22.65

22.96

91

20.62

FCF yield (avg)%

34.68

34.64

34.01

34.28

32.49

34.00

31.15

28.25

27.87

30.55

5.41

30.55

33.24

95

4.51

FCF margin%

25.90

24.76

26.53

25.66

28.60

29.06

29.21

31.10

34.05

35.29

14.03

31.10

28.83

82

0.391

FCF / Net incomex

0.824

0.844

0.882

0.931

0.959

0.972

0.953

1.039

0.974

0.892

0.652

0.972

0.942

64

11.46

ROIC%

14.30

15.42

17.55

18.62

17.35

14.78

15.93

14.18

14.24

13.60

23.19

14.24

15.10

70

28.53

Return on equity%

31.55

33.79

32.69

30.82

28.96

29.64

30.91

29.76

31.23

28.70

2.45

29.76

30.87

56

17.65

Return on assets%

7.64

5.70

5.63

3.51

2.32

4.64

4.03

4.90

7.38

8.24

7.17

4.90

5.27

86

46.66

EPS₹

109.27

115.66

119.17

119.52

129.19

137.64

157.38

178.42

195.09

187.59

49.52

7.74%

7.13%

—

23.42

EPS growth%

27.25

25.10

22.44

24.54

24.53

25.65

24.69

22.60

25.35

22.36

25.94

24.69

24.61

78

37.43

Bookvalue per sh₹

18.72

22.34

24.51

25.23

26.54

29.53

34.37

41.40

48.07

56.05

53.25

16.13%

13.16%

—

66.36

FCF per share₹

104.27

97.64

104.84

113.22

116.72

126.73

119.36

119.77

116.07

133.52

77.68

2.73%

3.77%

—

56.70

Dividend per sh₹

80.31

77.85

85.78

86.15

93.58

95.96

94.53

92.34

100.93

106.77

83.66

2.67%

3.84%

—

18.76

Div yield (avg)%

19.45

17.96

18.43

17.42

18.38

20.20

19.31

16.86

18.86

20.36

7.06

19.31

18.65

59

28.71

Payout ratio%

26.79

26.13

25.39

22.76

22.94

23.48

22.68

20.95

19.69

18.90

27.08

20.95

22.85

52

373.7

Shares (diluted)M

458.2

523.1

491.5

520.8

535.1

487.4

535.0

585.1

548.9

535.2

370.6

0.01%

2.84%

42

28.00

Buyback yield%

9.74

9.21

6.30

9.05

7.02

4.06

6.00

5.08

6.85

4.14

7.11

5.08

6.57

71

1.206

D/E ratiox

0.442

0.472

0.503

0.526

0.456

0.448

0.477

0.477

0.424

0.419

0.935

0.448

0.464

33

8.343

Enterprise value₹B

16.59

16.28

14.74

15.14

16.71

17.47

15.48

15.41

13.69

14.81

10.63

(2.38%)

(1.32%)

81

18.90

LT debt₹B

33.89

35.27

38.66

41.35

41.56

43.06

48.13

46.95

50.43

57.59

7.315

6.74%

6.19%

18

Peers (US$1.388B)

Cap (US$)

PE

Choice International…

1.772B

67.73x

JM Financial Limited

1.137B

10.58x

Indian Energy Exchange…

1.037B

18.66x

Sharplink, Inc.

1.355B

—

Capital

TTM

5Y

10Y

Leveragex

3.075

0.404

0.337

EBIT/Intx

0.526

0.030

0.031

Own earn%

26.54

(89.94)

(88.46)

Sh yield%

46.76

24.50

25.35

Owners

Insiders/Inst%

14.56

77.39

Short interest%

5.02

SBC / revenue%

2.71

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

20

Op margin range%

22–28

$1 testx

0.0

Incr. ROIC%

3

IIFL Capital Services Limited provides capital market services in the primary and secondary markets in India.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

₹26.20B

5.02%

1.00×

Cost of revenue

₹18.34B

5.02%

1.00×

Operating expenses

₹5.867B

5.64%

1.06×