Buy Indostar Capital Finance, target price Rs 280: Motilal Oswal

Motilal Oswal has buy call on Indostar Capital Finance with a target price of Rs 280. The current market price of Indostar Capital Finance is Rs 245.65.

Indostar Capital Finance Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 3318.29 Crore) operating in NBFC sector.

Indostar Capital Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities and Income From Financial Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 477.86 Crore, up 55.70 % from last quarter Total Income of Rs 306.91 Crore and up 65.22 % from last year same quarter Total Income of Rs 289.22 Crore. Company reported net profit after tax of Rs 35.26 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 1.49 per cent, DIIs 1.77 per cent.