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Indian diversified NBFC (IIFL Group) lending against gold, homes, MSME businesses and via microfinance to underserved borrowers.
Indian diversified NBFC (IIFL Group) lending against gold, homes, MSME businesses and via microfinance to underserved borrowers.
Earns the gap between what it pays to borrow from banks and bond markets and the interest it charges borrowers. Gold loans, small short-term loans secured on jewelry, are now its largest product, while home loans are held longer.
Moat: narrow (distribution). Wide branch/digital distribution across retail credit products, but faces intense NBFC competition.
Headquarters: Mumbai, India · Founded: 1995 · Employees: 37,189
Size IIFL Finance (IIFL.NS) is an India Financials company (Finance/Rental/Leasing) with a market value of $2.83B, the 300th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹625.75 on 6 Nov 2026.
Performance Over six months the shares gained 34.8%, against -11.0% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 36.5% over the last twelve months (peer median +11.1%); the operating margin is 31.5% (peer median 29.5%).
Valuation It trades at 1.73× book value against a peer median of 1.48× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 23.7%; IIFL Finance delivers 17.6%, so the price asks more than the business earns today.
Credit IIFL Finance has 2 bonds outstanding ($800M), rated B+ by the agencies and trading like B- at a weighted spread of 336 bp.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹152B | ₹129B | ₹93.6B | ₹104B | ₹83.4B |
| Revenue growth | — | +38% | -10% | +25% | — |
| Gross profit | ₹83.3B | ₹126B | ₹91.0B | ₹102B | ₹80.8B |
| EBITDA | ₹50.4B | ₹81.4B | ₹51.1B | ₹66.6B | ₹54.6B |
| Net income | ₹24.9B | ₹16.6B | ₹3.79B | ₹17.6B | ₹15.0B |
| Free cash flow | n/a | ₹11.6B | ₹1.33B | ₹28.2B | ₹9.78B |
| Capital expenditure | n/a | ₹811M | ₹607M | ₹1.30B | ₹2.61B |
| Total debt | ₹844B | ₹699B | ₹524B | ₹481B | ₹408B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| IIFL Finance IIFL.NS | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% |
| Manappuram Finance MANAPPURAM.NS | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% |
| Muthoot Finance MUTHOOTFIN.NS | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% |
| Bajaj Finance BAJFINANCE.NS | $71.6B | +12% | +19% | 19% | 5.50× | 77.1% |
| Aadhar Housing Finance AADHARHFC.NS | $1.99B | -14% | +18% | 16% | 2.48× | 31.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IIFL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.3% | +2.7% | 7th highest of 21 |
| 6-month return | +34.8% | -11.0% | 2nd highest of 21 |
| Return on equity | 17.6% | 12.8% | 5th highest of 21 |
| Price / book | 1.73× | 1.48× | 10th most expensive of 21 |
| Trailing P/E | 10.7× | 11.2× | 10th cheapest of 19 |
| ROE the price implies | 23.7% | 13.5% | 7th most demanding of 21 |
| ROE delivered | 17.6% | 12.9% | 5th highest of 18 |
| Bond spread | 336 bp | 244 bp | 2nd widest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| IIFL Finance IIFL.NS | India | $2.83B | +35% | +36% | 18% | 1.73× | 23.7% | 17.6% |
| Cholamandalam Financial CHOLAHLDNG.NS | India | $2.89B | -17% | +18% | 17% | 1.77× | 26.2% | n/a |
| China Development Bank Financial Leasing 1606.HK | Hong Kong | $2.66B | +4% | -5% | 13% | 0.40× | 4.5% | 12.6% |
| PNB Housing Finance PNBHOUSING.NS | India | $3.03B | +5% | +11% | 12% | 1.42× | 19.4% | 12.3% |
| McGrath RentCorp MGRC | United States | $3.05B | +9% | +2% | 13% | 2.38× | 13.2% | 12.9% |
| Hercules Capital HTGC | United States | $3.06B | 0% | +40% | 16% | 1.32× | 10.4% | 15.7% |
| Marui 8252.T | Japan | $3.09B | -7% | +8% | 12% | 2.12× | 7.1% | 12.4% |
| SLM SLM | United States | $3.10B | -25% | -6% | 25% | 1.55× | 13.8% | 24.7% |
| LIC Housing Finance LICHSGFIN.NS | India | $3.12B | -9% | -1% | 14% | 0.67× | 11.6% | 14.3% |
| Manappuram Finance MANAPPURAM.NS | India | $3.23B | +3% | +5% | 7% | 1.90× | 33.0% | n/a |
| Mizuho Leasing 8425.T | Japan | $2.45B | -13% | +16% | 13% | 0.77× | 6.0% | 13.3% |
| Capri Global Capital CGCL.NS | India | $2.44B | +20% | +53% | 18% | 2.90× | 21.5% | 17.9% |
| UWM UWMC | United States | $2.44B | -56% | +16% | 2% | 2.67× | 32.8% | 2.1% |
| Samsung Card 029780.KS | South Korea | $3.30B | -21% | +11% | 7% | 0.51× | 4.2% | n/a |
| Encore Capital ECPG | United States | $2.42B | +36% | +29% | 31% | 2.24× | 21.7% | 30.5% |
| Indian Renewable Energy Development Agency IREDA.NS | India | $3.31B | -18% | +17% | 14% | 2.18× | 42.4% | 14.4% |
| Housing & Urban Development HUDCO.NS | India | $3.39B | -30% | +22% | 22% | 1.39× | 31.5% | 21.7% |
| PennyMac Financial Services PFSI | United States | $3.41B | -28% | +4% | 6% | 0.78× | 10.2% | 5.6% |
| WillScot WSC | United States | $3.42B | -33% | -3% | -7% | 3.75× | 35.8% | -7.1% |
| Fuyo General Lease 8424.T | Japan | $2.34B | -6% | +19% | 5% | 0.72× | 4.8% | 4.5% |
| Far East Horizon 3360.HK | Hong Kong | $3.44B | -25% | +1% | 8% | 0.45× | 4.5% | 7.6% |
IIFL Finance has 2 bonds outstanding with $800M face value. The agencies rate it B+; its bonds trade like B-. Weighted yield 7.94%, a spread of 336 bp over government bonds.