IIFL Capital Services Ltd.

NSE: IIFLCAPS · Stockbroking & Allied

52W Range₹240 ₹411

Snapshot

Unlock IIFL Capital Services Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

IIFL Capital Services Limited provides comprehensive capital market services, including equity, commodity, and currency broking, alongside investment banking and merchant banking solutions. The company serves a diverse client base ranging from retail and high net-worth individuals to institutional investors and corporates through its digital platforms and advisory services.

Business Model

The company generates revenue through brokerage commissions on trading activities, merchant banking fees, and the distribution of third-party financial products like mutual funds and insurance. It also earns income from margin trade funding and depository participant services.

  • Incorporation Year:1996

Growth Outlook

Growth is driven by the expansion of its digital trading infrastructure, such as the IIFL Markets application, and the increasing penetration of financial products among affluent and institutional investors in India. The company continues to leverage its strong merchant banking pipeline to capture opportunities in primary market issuances.

Key Risks

  • Market Volatility. Significant fluctuations in equity and commodity markets can adversely impact brokerage volumes and overall revenue.
  • Regulatory Risk. The company operates in a highly regulated environment where changes in SEBI guidelines or compliance requirements can affect business operations.
  • Competitive Pressure. Intense competition from discount brokers and traditional financial institutions may lead to margin compression in the broking business.
  • Technology Risk. Dependence on digital trading platforms makes the company vulnerable to cyber threats, system outages, or technical glitches.

Price

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Key Metrics

REVENUE

₹2,420 Cr

TTM · consolidated

+0.6%YoY

NET PROFIT

₹564 Cr

TTM · consolidated

-20.9%YoY

EPS

₹18.11

TTM · consolidated

-21.7%YoY

RETURN ON EQUITY

21.3%

TTM · consolidated

-14.9 ppYoY

P/E

18.6x

Q4 FY26 · consolidated

18.6 vs 25.4x5Y avg

EBITDA MARGIN

42.6%

TTM · consolidated

-5.6 ppYoY

NET PROFIT MARGIN

17.9%

Q4 FY26 · consolidated

-5.9 ppYoY

Peers · Stockbroking & Allied

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
IIFL Capital Services Ltd.IIFLCAPS
8,06318.620.6%42.6%21.3%+2.5%
Indo Thai Securities LimitedINDOTHAI
2,94618.48244.3%83.3%32.2%-89.7%
Anand Rathi SharARSSBL
2,86841.0%
Share India Securities LimitedSHAREINDIA
2,64211.591.5%40.1%13.5%-4.3%
Monarch NetworthMONARCH
1,99915.8210.1514.3%69.6%21.6%29.8%-4.5%
Geojit Fin. Ser.GEOJITFSL
1,59428.64-10.3%24.7%7.1%11.5%+8.8%

As of Q4 FY26

Financials