- Valuation
- ₹10,860 Cr

About Iifl Capital Services Limited
Data last updated:
Iifl Capital Services Limited is a public limited company based in Thane, Maharashtra, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 21 March 1996 and has been in existence for over 30 years.
Its director Venkataraman Rajamani is #1,140 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1996PLC132983. Its GSTIN is 27AAACI7397D2ZD (Maharashtra). The company holds 35 GST registrations, of which 31 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 542773 and NSE: IIFLCAPS.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹62.33 Cr. It was formerly known as India Infoline.Com Distribution Company Private Limited and India Infoline Limited. It is led by directors including Venkataraman Rajamani (Managing Director) and Narendra Deshmal Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Iifl House Sun Infotech Park Road No. Plot No.B – 23 Thane Industrial Area Wag, Le Estate, Maharashtra, India – 400604.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,508.37 Cr, a decline of 0.5% compared to the previous year. For the same year it recorded a net profit of ₹450.88 Cr (net margin 18%) and EBITDA of ₹939.52 Cr (EBITDA margin 37.5%). The net worth stands at ₹3,065.72 Cr (up 22.3% YoY). Total assets are valued at ₹4,891.96 Cr (up 41.9% YoY).
The company has about 1,170 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 5 brands: IIFL Capital, IIFL Finance, India Infoline, IIFL Capital Services and IIFL Securities. As per MCA filings, the company has open charges of ₹6,588 Cr and satisfied charges of ₹1,540 Cr on record. Court records list 619 cases involving the company, including 398 filed by the company and 221 filed against it; 68 cases are pending. The company has 17 deals on record (11 market trades, 4 secondary share transfers, 1 funding round), with disclosed funding of ₹86.8 Cr; the latest was in September 2024. Its 3 peer companies in the BFSI industry (Broking Services, Capital Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 2 larger and 1 smaller; the largest is Sbicap Securities Limited with revenue of ₹2,329.01 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iiflsecurities.com.
Company details
Name history
Iifl Capital Services has undergone 5 name changes throughout its history. The current legal name is Iifl Capital Services Limited.
| Company Name | Status |
|---|---|
| Iifl Capital Services Limited | Current |
| India Infoline.Com Distribution Company Private Limited | Previous |
| India Infoline Limited | Previous |
| India Infoline Distribution Company Limited | Previous |
| India Infoline.Com Distribution Company Limited | Previous |
| Agri Marketing Services India Private Limited | Previous |
CIN history
Iifl Capital Services has one previous CIN (Corporate Identification Number): U99999MH1996PLC132983. The current CIN is L99999MH1996PLC132983, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1996PLC132983 | Current |
| U99999MH1996PLC132983 | Previous |
Recognitions & Rankings of Iifl Capital Services
- #1,140 Venkataraman Rajamani ₹2,200 Cr
Contact details
Iifl Capital Services Limited's registered office is in Thane, Maharashtra. Its website is iiflsecurities.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressIifl House Sun Infotech Park Road No. Plot No.B – 23 Thane Industrial Area Wag, Le Estate, Maharashtra, India – 400604
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Iifl Capital Services Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Iifl Capital Services operates multiple associated brands including IIFL Capital, IIFL Finance, and India Infoline. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online gold, home, personal, and business loans are provided. | iifl.com | |
| Trading in stocks, mutual funds, and commodities is facilitated. | indiainfoline.com | |
| Wealth management and investment services are offered to clients. | iiflcapital.com | |
| Stock investments and research are enabled via an app-based platform. | iiflsecurities.com | |
| Financial research, investment updates, and conference services by IIFL Capital. | iiflcap.com |
Business activity
The main business activity of Iifl Capital Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Iifl Capital Services Limited, buy the company report.
Financials of Iifl Capital Services Limited
FY 2025-26 filings availableIifl Capital Services Limited reported revenue of ₹2,508.37 Cr (down 0.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,508 | 2,520 | 2,217 | 1,361 | 1,295 | 841 | 758 |
| Revenue growth | -0.5% | +13.7% | +62.9% | +5.1% | +54.0% | +10.9% | - |
| EBITDA | 940 | 1,115 | 933 | 475 | 546 | 354 | 326 |
| EBITDA margin | +37.5% | +44.2% | +42.1% | +34.9% | +42.2% | +42.1% | +43.0% |
| Profit before tax | 756 | 925 | 683 | 341 | 402 | 285 | 301 |
| Net profit | 451 | 658 | 507 | 248 | 298 | 215 | 153 |
| Net profit margin | +18.0% | +26.1% | +22.9% | +18.2% | +23.0% | +25.6% | +20.2% |
| EPS (₹) | 18.02 | 22.98 | 16.64 | 8.19 | 10.07 | 7.27 | 7.32 |
| Balance sheet | |||||||
| Total assets | 4,892 | 3,447 | 2,942 | 1,836 | 1,789 | 1,259 | 1,338 |
| Net worth | 3,066 | 2,507 | 1,786 | 1,350 | 1,182 | 968 | 880 |
| Total debt | 1,821 | 937 | 1,154 | 486 | 607 | 292 | 459 |
| Cash & bank | 5,065 | 4,010 | 4,468 | 2,837 | 3,740 | 1,678 | 1,027 |
| Net working capital | 2,738 | 1,618 | 1,451 | 784 | 580 | 531 | 531 |
| Cash flow | |||||||
| Cash from operations | (1,070) | 871 | (118) | (793) | 795 | 152 | 352 |
| Cash from investing | 314 | (177) | (73.88) | 163 | (85.78) | 148 | 21.05 |
| Cash from financing | 568 | (490) | 430 | (296) | 108 | (361) | (514) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 714 | 631 | 644 | 586 | 572 | 617 | 537 | 583 |
| Revenue growth (YoY) | +24.9% | +2.3% | +20.0% | +0.6% | -11.4% | -3.5% | - | - |
| Other income | (24.07) | 89.83 | 10.49 | 134 | (24.67) | 63.03 | 36.34 | 63.85 |
| EBITDA | 291 | 226 | 224 | 190 | 213 | 221 | 186 | 245 |
| EBITDA margin | +40.7% | +35.8% | +34.7% | +32.5% | +37.2% | +35.8% | +34.6% | +42.1% |
| Depreciation | 17.54 | 16.53 | 16.82 | 16.97 | 15.08 | 16.20 | 15.80 | 14.01 |
| Interest | 74.76 | 59.86 | 62.75 | 53.33 | 53.31 | 40.35 | 43.22 | 44.98 |
| Profit before tax | 174 | 239 | 155 | 254 | 120 | 228 | 163 | 250 |
| Tax | 47.64 | 55.12 | 39.50 | 66.39 | 34.75 | 52.01 | 35.25 | 52.86 |
| Net profit | 127 | 184 | 115 | 188 | 85.14 | 176 | 128 | 197 |
| EPS (₹) | 3.85 | 5.60 | 3.49 | 5.68 | 2.57 | 5.36 | 3.93 | 6.06 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,217 | 2,156 | 1,958 | 1,261 | 1,139 | 748 | 625 |
| Revenue growth | +2.8% | +10.1% | +55.3% | +10.7% | +52.2% | +19.7% | - |
| EBITDA | 941 | 1,005 | 928 | 480 | 447 | 275 | 260 |
| EBITDA margin | +42.4% | +46.6% | +47.4% | +38.1% | +39.2% | +36.7% | +41.6% |
| Profit before tax | 690 | 792 | 692 | 367 | 359 | 222 | 199 |
| Net profit | 531 | 603 | 533 | 283 | 284 | 173 | 143 |
| Net profit margin | +24.0% | +28.0% | +27.2% | +22.5% | +24.9% | +23.1% | +22.8% |
| EPS (₹) | 17.05 | 19.45 | 17.36 | 9.28 | 9.35 | 5.71 | 4.46 |
| Balance sheet | |||||||
| Total assets | 4,437 | 3,026 | 2,593 | 1,458 | 1,286 | 846 | 792 |
| Net worth | 2,747 | 2,220 | 1,608 | 1,150 | 949 | 757 | 717 |
| Total debt | 1,690 | 806 | 984 | 308 | 336 | 89.00 | 75.64 |
| Cash & bank | 4,861 | 3,905 | 4,383 | 2,802 | 3,691 | 1,653 | 993 |
| Net working capital | 2,423 | 1,510 | 1,337 | 724 | 461 | 417 | 420 |
| Cash flow | |||||||
| Cash from operations | (1,049) | 814 | (186) | (810) | 725 | 37.61 | 100 |
| Cash from investing | 189 | (168) | (24.60) | 79.24 | 4.79 | 77.90 | (38.77) |
| Cash from financing | 578 | (446) | 439 | (204) | 87.42 | (172) | (158) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 634 | 565 | 548 | 501 | 509 | 523 | 388 | 517 |
| Revenue growth (YoY) | +24.5% | +8.1% | +41.3% | -3.0% | -11.3% | -8.4% | - | - |
| Other income | (29.34) | 85.53 | 62.80 | 42.95 | (28.78) | 62.46 | 33.22 | 37.34 |
| Total expenses | 344 | 338 | 336 | 323 | 290 | 329 | 283 | 281 |
| EBITDA | 289 | 228 | 211 | 178 | 219 | 194 | 104 | 236 |
| EBITDA margin | +45.6% | +40.3% | +38.6% | +35.5% | +43.0% | +37.0% | +26.9% | +45.6% |
| Depreciation | 15.09 | 13.80 | 14.17 | 14.18 | 12.04 | 12.92 | 12.53 | 10.46 |
| Interest | 72.98 | 57.27 | 60.03 | 51.28 | 49.13 | 37.72 | 40.68 | 42.53 |
| Profit before tax | 172 | 242 | 200 | 156 | 129 | 205 | 84.34 | 220 |
| Tax | 49.67 | 53.33 | 34.40 | 40.03 | 37.43 | 46.87 | 18.27 | 50.55 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 714 | 631 | 644 | 586 | 572 | 617 | 537 | 583 |
| Revenue growth (YoY) | +24.9% | +2.3% | +20.0% | +0.6% | -11.4% | -3.5% | - | - |
| Other income | (24.07) | 89.83 | 10.49 | 134 | (24.67) | 63.03 | 36.34 | 63.85 |
| EBITDA | 291 | 226 | 224 | 190 | 213 | 221 | 186 | 245 |
| EBITDA margin | +40.7% | +35.8% | +34.7% | +32.5% | +37.2% | +35.8% | +34.6% | +42.1% |
| Depreciation | 17.54 | 16.53 | 16.82 | 16.97 | 15.08 | 16.20 | 15.80 | 14.01 |
| Interest | 74.76 | 59.86 | 62.75 | 53.33 | 53.31 | 40.35 | 43.22 | 44.98 |
| Profit before tax | 174 | 239 | 155 | 254 | 120 | 228 | 163 | 250 |
| Tax | 47.64 | 55.12 | 39.50 | 66.39 | 34.75 | 52.01 | 35.25 | 52.86 |
| Net profit | 127 | 184 | 115 | 188 | 85.14 | 176 | 128 | 197 |
| EPS (₹) | 3.85 | 5.60 | 3.49 | 5.68 | 2.57 | 5.36 | 3.93 | 6.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,508 | 2,520 | 2,217 | 1,361 | 1,295 | 841 | 758 |
| Revenue growth | -0.5% | +13.7% | +62.9% | +5.1% | +54.0% | +10.9% | - |
| Other income | 94.74 | 47.49 | 14.22 | 9.66 | 22.03 | 27.23 | 134 |
| Total expenses | 1,569 | 1,405 | 1,284 | 886 | 749 | 487 | 432 |
| Employee cost | 687 | 591 | 457 | 358 | 324 | 211 | 221 |
| EBITDA | 940 | 1,115 | 933 | 475 | 546 | 354 | 326 |
| EBITDA margin | +37.5% | +44.2% | +42.1% | +34.9% | +42.2% | +42.1% | +43.0% |
| Depreciation | 65.07 | 54.88 | 114 | 66.84 | 63.46 | 45.88 | 55.31 |
| Interest | 213 | 183 | 150 | 76.73 | 102 | 50.32 | 103 |
| Profit before tax | 756 | 925 | 683 | 341 | 402 | 285 | 301 |
| Tax | 193 | 212 | 169 | 91.06 | 96.28 | 64.43 | 67.55 |
| Net profit | 451 | 658 | 507 | 248 | 298 | 215 | 153 |
| Net profit margin | +18.0% | +26.1% | +22.9% | +18.2% | +23.0% | +25.6% | +20.2% |
| EPS (₹) | 18.02 | 22.98 | 16.64 | 8.19 | 10.07 | 7.27 | 7.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 62.29 | 61.99 | 61.57 | 61.11 | 60.79 | 60.59 | 63.92 |
| Reserves & surplus | 3,003 | 2,445 | 1,725 | 1,289 | 1,121 | 907 | 816 |
| Shareholders' funds (net worth) | 3,066 | 2,507 | 1,786 | 1,350 | 1,182 | 968 | 880 |
| Minority interest | 5.36 | 2.77 | 1.94 | (0.53) | (0.18) | (0.16) | (0.13) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 89.00 | 128 |
| Unsecured loans | 1,821 | 937 | 1,154 | 486 | 607 | 203 | 331 |
| Total debt | 1,821 | 937 | 1,154 | 486 | 607 | 292 | 459 |
| Total liabilities | 4,892 | 3,447 | 2,942 | 1,836 | 1,789 | 1,259 | 1,338 |
| Assets | |||||||
| Gross block | 515 | 599 | 687 | 662 | 654 | 522 | 512 |
| Net block | 295 | 388 | 379 | 440 | 482 | 403 | 402 |
| Capital work in progress | 1.24 | 1.69 | 1.27 | 0.66 | 2.55 | 132 | 130 |
| Investments | 390 | 486 | 159 | 90.17 | 228 | 73.75 | 231 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.33 | 13.27 |
| Sundry debtors | 62.34 | 45.43 | 47.65 | 22.19 | 28.24 | 34.27 | 32.36 |
| Cash & bank balances | 5,065 | 4,010 | 4,468 | 2,837 | 3,740 | 1,678 | 1,027 |
| Loans & advances | 2,276 | 2,071 | 1,869 | 1,327 | 1,063 | 1,102 | 553 |
| Total current assets | 7,404 | 6,127 | 6,384 | 4,186 | 4,832 | 2,816 | 1,626 |
| Total current liabilities | 4,666 | 4,509 | 4,933 | 3,402 | 4,252 | 2,285 | 1,095 |
| Net working capital | 2,738 | 1,618 | 1,451 | 784 | 580 | 531 | 531 |
| Total assets | 4,892 | 3,447 | 2,942 | 1,836 | 1,789 | 1,259 | 1,338 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 612 | 408 | 169 | 1,095 | 278 | 340 | 481 |
| Net cash from operating activities | (1,070) | 871 | (118) | (793) | 795 | 152 | 352 |
| Net cash from investing activities | 314 | (177) | (73.88) | 163 | (85.78) | 148 | 21.05 |
| Net cash from financing activities | 568 | (490) | 430 | (296) | 108 | (361) | (514) |
| Net change in cash | (187) | 204 | 239 | (925) | 817 | (61.97) | (141) |
| Closing cash | 5,065 | 4,010 | 4,468 | 2,837 | 3,740 | 1,678 | 1,027 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.5% | +13.7% | +62.9% | +5.1% | +54.0% | +10.9% | - |
| EBITDA growth | -15.7% | +19.5% | +96.4% | -13.0% | +54.3% | +8.6% | - |
| PBT growth | -18.2% | +35.5% | +100.3% | -15.2% | +41.2% | -5.6% | +16.8% |
| Net income growth | -31.4% | +29.7% | +104.4% | -16.7% | +38.4% | +40.6% | - |
| Revenue CAGR (3Y) | +22.6% | +24.9% | +38.2% | +21.6% | +14.2% | -3.4% | - |
| EBITDA CAGR (3Y) | +25.6% | +26.9% | +38.2% | +13.4% | +10.1% | -7.1% | - |
| Profitability & leverage | |||||||
| Net income margin | +22.5% | +28.3% | +23.2% | +18.4% | +23.6% | +26.2% | +30.9% |
| Return on capital employed | +21.1% | +34.7% | +34.9% | +23.0% | +33.1% | +25.8% | +21.2% |
| Return on net worth | +16.3% | +33.2% | +32.7% | +19.7% | +28.5% | +23.9% | +19.8% |
| Debt / equity | 0.49 | 0.49 | 0.52 | 0.43 | 0.42 | 0.41 | 0.76 |
| Long-term debt / equity | 0.22 | 0.21 | 0.17 | 0.18 | 0.22 | 0.32 | 0.31 |
| Interest cover | 24.35 | 17.25 | 18.38 | 18.81 | 21.22 | 16.35 | 38.01 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.67 | 3.99 | 3.31 | 2.08 | 2.24 | 1.68 | 1.83 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 1,130.09 | 111.26 | 134.39 |
| Debtors turnover | 48.31 | 55.17 | 63.90 | 54.35 | 42.12 | 26.05 | 31.18 |
| EPS (₹) | 18.02 | 22.98 | 16.64 | 8.19 | 10.07 | 7.27 | 7.32 |
| Dividend per share (₹) | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 1.00 | 2.00 |
| Book value per share (₹) | 98.44 | 80.89 | 58.03 | 44.19 | 38.89 | 31.95 | 27.53 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 634 | 565 | 548 | 501 | 509 | 523 | 388 | 517 |
| Revenue growth (YoY) | +24.5% | +8.1% | +41.3% | -3.0% | -11.3% | -8.4% | - | - |
| Other income | (29.34) | 85.53 | 62.80 | 42.95 | (28.78) | 62.46 | 33.22 | 37.34 |
| Total expenses | 344 | 338 | 336 | 323 | 290 | 329 | 283 | 281 |
| EBITDA | 289 | 228 | 211 | 178 | 219 | 194 | 104 | 236 |
| EBITDA margin | +45.6% | +40.3% | +38.6% | +35.5% | +43.0% | +37.0% | +26.9% | +45.6% |
| Depreciation | 15.09 | 13.80 | 14.17 | 14.18 | 12.04 | 12.92 | 12.53 | 10.46 |
| Interest | 72.98 | 57.27 | 60.03 | 51.28 | 49.13 | 37.72 | 40.68 | 42.53 |
| Profit before tax | 172 | 242 | 200 | 156 | 129 | 205 | 84.34 | 220 |
| Tax | 49.67 | 53.33 | 34.40 | 40.03 | 37.43 | 46.87 | 18.27 | 50.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,217 | 2,156 | 1,958 | 1,261 | 1,139 | 748 | 625 |
| Revenue growth | +2.8% | +10.1% | +55.3% | +10.7% | +52.2% | +19.7% | - |
| Other income | 3.62 | 2.98 | 8.02 | 8.15 | 11.49 | 11.79 | 18.40 |
| Total expenses | 1,276 | 1,151 | 1,030 | 781 | 692 | 474 | 365 |
| Employee cost | 608 | 525 | 393 | 313 | 296 | 195 | 192 |
| EBITDA | 941 | 1,005 | 928 | 480 | 447 | 275 | 260 |
| EBITDA margin | +42.4% | +46.6% | +47.4% | +38.1% | +39.2% | +36.7% | +41.6% |
| Depreciation | 53.31 | 43.60 | 107 | 59.99 | 64.31 | 44.29 | 48.06 |
| Interest | 201 | 172 | 137 | 61.93 | 35.15 | 19.80 | 31.88 |
| Profit before tax | 690 | 792 | 692 | 367 | 359 | 222 | 199 |
| Tax | 159 | 189 | 158 | 83.12 | 74.66 | 49.49 | 56.05 |
| Net profit | 531 | 603 | 533 | 283 | 284 | 173 | 143 |
| Net profit margin | +24.0% | +28.0% | +27.2% | +22.5% | +24.9% | +23.1% | +22.8% |
| EPS (₹) | 17.05 | 19.45 | 17.36 | 9.28 | 9.35 | 5.71 | 4.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 62.29 | 61.99 | 61.57 | 61.11 | 60.79 | 60.59 | 63.92 |
| Reserves & surplus | 2,684 | 2,158 | 1,547 | 1,089 | 888 | 697 | 653 |
| Shareholders' funds (net worth) | 2,747 | 2,220 | 1,608 | 1,150 | 949 | 757 | 717 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 75.64 |
| Unsecured loans | 1,690 | 806 | 984 | 308 | 336 | 89.00 | 0.00 |
| Total debt | 1,690 | 806 | 984 | 308 | 336 | 89.00 | 75.64 |
| Total liabilities | 4,437 | 3,026 | 2,593 | 1,458 | 1,286 | 846 | 792 |
| Assets | |||||||
| Gross block | 266 | 248 | 262 | 210 | 229 | 206 | 115 |
| Net block | 144 | 150 | 89.69 | 110 | 161 | 168 | 85.00 |
| Capital work in progress | 0.00 | 1.13 | 0.63 | 0.65 | 1.10 | 1.91 | 2.56 |
| Investments | 347 | 421 | 188 | 109 | 157 | 95.02 | 247 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 47.87 | 35.21 | 37.94 | 18.44 | 22.68 | 28.96 | 18.69 |
| Cash & bank balances | 4,861 | 3,905 | 4,383 | 2,802 | 3,691 | 1,653 | 993 |
| Loans & advances | 2,099 | 1,945 | 1,775 | 1,251 | 1,000 | 1,007 | 501 |
| Total current assets | 7,008 | 5,885 | 6,196 | 4,071 | 4,714 | 2,689 | 1,513 |
| Total current liabilities | 4,585 | 4,375 | 4,859 | 3,347 | 4,254 | 2,272 | 1,093 |
| Net working capital | 2,423 | 1,510 | 1,337 | 724 | 461 | 417 | 420 |
| Total assets | 4,437 | 3,026 | 2,593 | 1,458 | 1,286 | 846 | 792 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 566 | 366 | 138 | 1,073 | 256 | 313 | 410 |
| Net cash from operating activities | (1,049) | 814 | (186) | (810) | 725 | 37.61 | 100 |
| Net cash from investing activities | 189 | (168) | (24.60) | 79.24 | 4.79 | 77.90 | (38.77) |
| Net cash from financing activities | 578 | (446) | 439 | (204) | 87.42 | (172) | (158) |
| Net change in cash | (283) | 200 | 228 | (935) | 817 | (56.64) | (97.04) |
| Closing cash | 4,861 | 3,905 | 4,383 | 2,802 | 3,691 | 1,653 | 993 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +2.8% | +10.1% | +55.3% | +10.7% | +52.2% | +19.7% | - |
| EBITDA growth | -6.4% | +8.3% | +93.3% | +7.5% | +62.7% | +5.5% | - |
| PBT growth | -12.9% | +14.4% | +88.9% | +2.2% | +61.4% | +11.9% | -8.1% |
| Net income growth | -12.0% | +13.2% | +87.9% | -0.2% | +64.4% | +21.1% | - |
| Revenue CAGR (3Y) | +20.7% | +23.7% | +37.8% | +26.3% | +17.4% | +0.6% | +325.8% |
| EBITDA CAGR (3Y) | +25.1% | +31.0% | +50.1% | +22.7% | +17.3% | -7.1% | +504.2% |
| Profitability & leverage | |||||||
| Net income margin | +24.0% | +28.0% | +27.3% | +22.5% | +24.9% | +23.1% | +22.8% |
| Return on capital employed | +23.9% | +34.3% | +40.9% | +31.2% | +37.0% | +29.6% | +30.0% |
| Return on net worth | +21.4% | +31.5% | +38.8% | +27.0% | +33.3% | +23.5% | +22.0% |
| Debt / equity | 0.50 | 0.47 | 0.47 | 0.31 | 0.25 | 0.11 | 0.13 |
| Long-term debt / equity | 0.20 | 0.17 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 22.69 | 17.93 | 16.64 | 14.73 | 9.19 | 8.60 | 15.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 8.64 | 8.46 | 8.32 | 5.78 | 5.29 | 4.75 | 8.09 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 53.45 | 59.02 | 69.74 | 61.72 | 44.56 | 31.90 | 47.46 |
| EPS (₹) | 17.05 | 19.45 | 17.36 | 9.28 | 9.35 | 5.71 | 4.46 |
| Dividend per share (₹) | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 1.00 | 2.00 |
| Book value per share (₹) | 88.20 | 71.61 | 52.24 | 37.65 | 31.23 | 25.00 | 22.43 |
To see the full year-wise statements and ratios of Iifl Capital Services Limited, buy the company report.
Board of directors of Iifl Capital Services Limited
Iifl Capital Services has 6 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendra Deshmal Jain Also directs: Iifl Management Services Limited, Iifl Securities Services Ifsc Limited, Iifl Capital (Ifsc) Limited and 1 more | Whole-Time Director | 01 Feb 2016 | 10 Years 8 Months | Current |
| Venkataraman Rajamani Also directs: Iifl Finance Limited, Orpheus Trading Private Limited, Iifl Samasta Finance Limited and 1 more | Managing Director | 13 May 2019 | 7 Years 5 Months | Current |
| Anand Shailesh Bathiya | Director | 22 Sep 2020 | 6 Years 1 Months | Current |
| Rekha Gopal Warriar | Director | 08 May 2019 | 7 Years 5 Months | Current |
| Shamik Das Sharma Also directs: Karmaki Technologies Private Limited | Director | 14 Jan 2020 | 6 Years 9 Months | Current |
| Viswanathan Krishnan Also directs: Iifl Facilities Services Limited | Director | 21 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Iifl Capital Services Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services, Capital Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iifl Capital Services Limitedthis company | ₹2,508.37 Cr (FY 2026) | ₹450.88 Cr | 18% | -0.5% | 1,170 | Thane, Maharashtra, India |
| Sbicap Securities Limited | ₹2,329.01 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Abans Broking Services Private Limited | ₹2,247.88 Cr (FY 2025) | 346.0% | Mumbai, Maharashtra, India | |||
| Karvy Stock Broking Limited | ₹1,979.22 Cr (FY 2019) | 4.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Iifl Capital Services Limited, buy the company report.
Auditor
Iifl Capital Services Limited is audited by V. Sankar Aiyar & Co. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Sankar Aiyar & Co. | FY 2018 | 109208W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 30.70%, foreign institutional investors hold 15.30%, domestic institutional investors hold 4.80% and retail and other public shareholders hold 49.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 30.70% | 30.90% | 30.90% | 31.00% |
| Public | 69.30% | 69.10% | 69.10% | 69.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2026 | 101298595 | Hdfc Bank Limited | ₹350 Cr | Open | |
| 26 Feb 2026 | 101250300 | Others | ₹150 Cr | Open | |
| 29 Dec 2025 | 101238126 | Idbi Bank Limited | ₹150 Cr | Open | |
| 12 Jun 2025 | 101117665 | Others | ₹100 Cr | Open | |
| 20 May 2025 | 101108540 | Others | ₹100 Cr | Open |
To see the full charge records of Iifl Capital Services Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Iifl Capital Services Limited has 17 deals on record (11 market trades, 4 secondary share transfers, 1 funding round), with disclosed funding of ₹86.8 Cr; the latest was in September 2024.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Market trade | ₹27 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2023 | Market trade | ₹39.4 Cr | Buyer: Aalidhra Textool Engineers Private Limited Seller: Hamblin Watsa Investment Counsel Limited A/C Hwic Asia Fund Class A Shares |
| Jan 2021 | Market trade | ₹9.39 Cr | Buyer: Iifl Capital Services Limited |
| Jan 2021 | Market trade | ₹29.8 Cr | Buyer: Iifl Capital Services Limited Seller: Bennett Coleman and Co. Ltd. , an individual |
| Jul 2020 | Market trade | ₹6.92 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
To see the full deal history of Iifl Capital Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Iifl Capital Services Limited has 619 court cases on record: 398 filed by Iifl Capital Services, 221 filed against it. 68 cases are pending and 551 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 546 | 197 | 55 |
| High courts | 67 | 20 | 12 |
| Supreme Court | 6 | 4 | 1 |
Cases on record (5 of 619)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (EXA) | Filed by the company against Shaunik Infotech Pvt Ltd | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd. | Disposed |
| High Court, CHHATTISGARH | Writ petition | Filed against the company by Indostar Capital Finance Ltd. | Disposed |
| High Court, HARYANA | Criminal miscellaneous application | Filed against the company by M/S Vicon Wheels India Pvt Ltd and Ors and 2 others | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Dalmia Housing Finance Ltd | Disposed |
To see the full case history of Iifl Capital Services Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Iifl Capital Services Limited was last rated by Icra on 04 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Feb 2020 |
To see the full credit ratings and regulatory alerts of Iifl Capital Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iifl Capital Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Iifl Capital Services has 8 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Iifl Commodities Limited | U51100TN2004PLC077573 | |
| Iifl Securities Services Ifsc Limited | U65929GJ2018PLC103546 | |
| Livlong Insurance Brokers Limited | U66010MH2005PLC154486 | |
| Iifl Securities Alternate Asset Management Limited | U66300MH2024PLC418917 | |
| Iifl Facilities Serviced Limited | U70102MH2007PLC176401 | |
| Livlong Protection & Wellness Solutions Limited | U74110MH2014PLC260200 |
To see the full group structure of Iifl Capital Services Limited, buy the company report.
Employees & EPFO
Iifl Capital Services Limited has a workforce of 1,170 employees on its EPFO records as of Feb 04, 2025, across 1 active EPFO establishment.
GST
Iifl Capital Services has 35 GST registrations: 31 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI7397D2ZD | Maharashtra | Active | 01 Jul 2017 |
| 03AAACI7397D1ZO | Punjab | Active | 01 Jul 2017 |
| 04AAACI7397D1ZM | Chandigarh | Active | 01 Jul 2017 |
| 05AAACI7397D1ZK | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iifl Capital Services Limited, buy the company report.
Recent activity
Iifl Capital Services Limited has 41 board changes on record since 2000: 24 appointments and 17 cessations. The latest: Nemkumar H ceased to be Managing Director on 22 Mar 2025.
81 earlier events are in the company report.
News
Frequently asked questions
Iifl Capital Services is an active public limited company based in Thane, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 21 March 1996 (30+ years old) and is registered under CIN L99999MH1996PLC132983. Listed on BSE: 542773 and NSE: IIFLCAPS.
Iifl Capital Services reported revenue of ₹2,508.37 Cr for FY 2025-26 (down 0.5% YoY) based on consolidated financials.
Iifl Capital Services has 6 current directors:
- Venkataraman Rajamani - Managing Director
- Narendra Deshmal Jain - Whole-Time Director
- Anand Shailesh Bathiya - Director
- Rekha Gopal Warriar - Director
- Shamik Das Sharma - Director
- Viswanathan Krishnan - Director
The latest financial statements of Iifl Capital Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Iifl Capital Services is 27AAACI7397D2ZD, registered in Maharashtra. The company has 35 GST registrations in all, of which 31 are active and 4 are cancelled or inactive. Other active GSTINs include 03AAACI7397D1ZO (Punjab), 04AAACI7397D1ZM (Chandigarh), 05AAACI7397D1ZK (Uttarakhand).
The CIN (Corporate Identification Number) of Iifl Capital Services is L99999MH1996PLC132983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Iifl Capital Services is a listed company as per MCA records. Its shares are listed on both BSE (code: 542773) and NSE (symbol: IIFLCAPS).
Iifl Capital Services has 619 court cases on record: 398 filed by the company and 221 filed against it. 68 are pending. Most are in the district courts.
Iifl Capital Services was incorporated on 21 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Iifl Capital Services has 17 deals on record (11 market trades, 4 secondary share transfers, 1 funding round), with disclosed funding of ₹86.8 Cr; the latest was in September 2024.
The peers of Iifl Capital Services by revenue are Sbicap Securities Limited, Abans Broking Services Private Limited, Karvy Stock Broking Limited, all in the BFSI industry (Broking Services, Capital Services), with the same principal business activity (financial advisory, brokerage and consultancy services).

