Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

IIFL Capital Services Ltd

IIFLCAPS
Finance - Capital Markets - Brokers

IIFL Capital Services Ltd's price has outrun its earnings. +8.2% in a year against EPS −21.6% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +8.2% in a year while annual EPS moved −21.6% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (9 weeks in) while the P/BV sits at the 74th percentile of its own 7-year range. Underneath, the last four quarters read improving — profit +4.5% year on year, with the the net margin at 29.2%. What settles it: whether earnings grow into a price that has already moved.

Stage
Deteriorating
partial read
Price
₹338
+8.2% 1Y
P/BV
3.4×
74th pctile
of its own 7-year range
Revenue (Jun 26)
₹631 Cr
+2.3% YoY
Profit (Jun 26)
₹184 Cr
+4.5% YoY
Net margin
29.2%
+0.7 pp YoY
ROE
20%
FY26
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 14% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return-on-equity and return-on-assets curves, the annual return-on-assets overlay and the F-score are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 6 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

IIFL Capital Services Ltd trades at ₹338, in a confirmed uptrend and 9 weeks into that stage. That is +4.6% against its own 200-day average. It sits at 64% of a 52-week range of ₹258 to ₹383. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).

Today the stock is in a confirmed uptrend — week 9 of stage 2, confirmed. At ₹338 it trades +4.6% versus its 200-day average and sits at 64% of its 52-week range (₹258–₹383).

Jul 26: ₹338 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+4.6% versus the 200-day line, week 9 of stage 2
Price50-day avg200-day avg
S2S4S2S4₹475₹364₹254₹143₹32.0₹338₹323Jul 23May 24Feb 25Nov 25Jul 26
S2S4S2S4₹475₹364₹254₹143₹32.0₹338₹323Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2019 Each cell is one week from 2019 to now (365 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Sep 19Jul 26

Against the market, two honest reads. Cumulative: over the last 6.9 years the stock moved +1,362% while the NIFTY 500 moved +151% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-25) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.

IIFL Capital Services Ltd trades at 3.4× P/BV, at the pricey end of its own range (74th percentile). Its long-run median P/BV is 2.5×, measured across 6.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/BV of 3.4× is at the pricey end of its own range (74th percentile), against a long-run median of 2.5× measured over 6.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/BV 3.4× vs a 2.5× long-run median P/BV, weekly (left axis); book value per share, weekly (right axis). 6.8-year window; brief peaks above 5.7× shown pinned at the top. The book value / share bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (74th percentile)
P/BVMedianBook value / share (quarterly)
6.1×₹1074.7×₹80.53.3×₹53.61.9×₹26.80.5×₹0.0×3.40×₹99Oct 19Aug 21Apr 23Dec 24Jul 26
6.1×₹1074.7×₹80.53.3×₹53.61.9×₹26.80.5×₹0.0×3.40×₹99Oct 19Apr 23Jul 26
P/BV
3.4×
74th percentile of 7y

🚨 Why the multiple sits where it does: over the past year book value grew while the price moved +8.2% — the price ran ahead of the book, pushing the multiple up its own range.

The price move, decomposed: over 5y, of the +24.7%/yr price move, ~+25.4%/yr came from book-value growth and ~−0.7 pp from the multiple (roughly flat). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the book-value line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 14% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

IIFL Capital Services Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −19.0% latest against +115.3% at its 12-quarter best). The read is built from 8 quarters across 3 curves, on partial evidence.

Growth, year by year: revenue −4.0% in FY26, profit −20.9% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
69%121%47%64%25%6.6%3.0%−51%−19%−108%%%−4%−20.9%FY18FY22FY26
69%121%47%64%25%6.6%3.0%−51%−19%−108%%%−4%−20.9%FY18FY22FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit rolling over
RevenueProfitEPS
57%127%39%86%21%45%3.5%4.3%−14%−36%%%2.1%−19%−19.8%Sep 23Dec 24Jun 26
57%127%39%86%21%45%3.5%4.3%−14%−36%%%2.1%−19%−19.8%Sep 23Dec 24Jun 26
Revenue growth
Rising
latest +2.1% · span −9.5% to +52.4%
Profit growth
Recovering
latest −19.0% · span −24.6% to +115.3%
EPS growth
Recovering
latest −19.8% · span −25.2% to +113.1%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−4.0%+21.1%+23.5%
Profit−20.9%+31.2%+20.7%
EPS−21.6%+30.1%+19.9%
Share price+8.2%+72.9%+24.7%
Revenue YoY (Jun 26)
+2.3%
latest quarter vs a year ago
Profit YoY (Jun 26)
+4.5%
latest quarter vs a year ago
Revenue 10y
12.7%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

46.7/100 — rank 9 of 16 in Finance - Capital Markets - Brokers · 67% evidence confidence

IIFL Capital Services Ltd scores 46.7 out of 100 against the 16 companies it is compared with in Finance - Capital Markets - Brokers, ranking 9. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 11.9 + 15.2 + 9.4 + 10.2 = 46.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.

05 · Revenue

Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.

IIFL Capital Services Ltd reported ₹631 Cr of income in the Jun 26 quarter, +2.3% year on year. That is the 3rd straight quarter of year-on-year growth. Over 8 years it has compounded at 12.7% a year. The last full year, FY26, came in at ₹2,420 Cr. The last four reported quarters add to ₹2,433 Cr.

FY26 revenue came in at ₹2,420 Cr (−4.0% on the year), capping 8 years at 12.7% compound. The latest quarter (Jun 26) printed ₹631 Cr, +2.3% year on year — the 3rd consecutive quarter of year-over-year growth.

FY26 revenue ₹2,420 Cr (−4.0% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
12.7% a year over 8 years
RevenueYoY growth
2.7k69%2.0k47%1.4k25%6803.0%0−19%₹ Cr%₹2,420−4%FY18FY22FY26
2.7k69%2.0k47%1.4k25%6803.0%0−19%₹ Cr%₹2,420−4%FY18FY22FY26
Jun 26: ₹631 Cr (+2.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
74178%55651%37024%185−2.3%0−29%₹ Cr%₹6312.3%Sep 23Dec 24Jun 26
74178%55651%37024%185−2.3%0−29%₹ Cr%₹6312.3%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +2.8% growth against the decade's 12.7% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +2.1% over the last 4 quarters against +0.9%/yr over the last 8 — stabilising; TTM profit −19.0% vs −4.1%/yr — rolling over.

06 · Net margin

Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.

IIFL Capital Services Ltd's net margin is 29.2% in the Jun 26 quarter, +0.7 percentage points against the same quarter a year ago. Across 9 fiscal years the net margin has ranged 18.4% to 30.9%. The current quarter sits inside that band.

The latest quarter's net margin is 29.2%, +0.7 pp against the same quarter a year ago. Across 9 fiscal years the net margin has ranged 18.4%–30.9%.

Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

FY26: 23.3% Net margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 9-year window.
within a 18.4–30.9% band over 9 years
net marginYoY change (pp)
32%13%28%7.8%25%3.0%21%−1.8%17%−6.5%%%23.3%−5%FY18FY22FY26
32%13%28%7.8%25%3.0%21%−1.8%17%−6.5%%%23.3%−5%FY18FY22FY26
Jun 26: 29.2% net margin (+0.7 pp YoY) Quarterly net margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Net profit as a share of total revenue, per quarter.
Net marginYoY change (pp)
35%13%30%4.7%24%−3.2%19%−11%13%−19%%%29.2%0.7%Sep 23Dec 24Jun 26
35%13%30%4.7%24%−3.2%19%−11%13%−19%%%29.2%0.7%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

IIFL Capital Services Ltd earned ₹184 Cr of net profit in the Jun 26 quarter, +4.5% year on year. Full-year FY26 profit was ₹564 Cr. The 8-year compound rate is 15.3%. That is 29.2% of the quarter's revenue. The same quarter a year earlier earned ₹176 Cr.

Jun 26 profit was ₹184 Cr, +4.5% year on year. On the full year, FY26 printed ₹564 Cr (−20.9%), and the 8-year compound rate is 15.3%.

FY26 profit ₹564 Cr (−20.9% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 9-year window. A bar is red when it is lower than the year before.
15.3% a year over 8 years
Net profitYoY growth
770115%57879%38542%1935.6%0−31%₹ Cr%₹564−20.9%FY18FY22FY26
770115%57879%38542%1935.6%0−31%₹ Cr%₹564−20.9%FY18FY22FY26
Jun 26: ₹184 Cr (+4.5% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
221159%166100%11142%55−16%0−75%₹ Cr%₹1844.5%Sep 23Dec 24Jun 26
221159%166100%11142%55−16%0−75%₹ Cr%₹1844.5%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +2.3% and the margin +0.7 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit −17.2% vs revenue +2.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Asset quality — the ladder

Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.

Loan-book quality history is not available for IIFL Capital Services Ltd, so this section names the gap rather than estimating a ratio. No gross or net non-performing-asset series is filed in a form this page can read, and none is inferred from the profit line. The income, margin and return sections above carry the evidence this business does report.

We do not hold quarterly loan-book quality numbers for this bank, so this section states that plainly rather than working around it.

Why: loan-book quality is the engine room of a bank, and its drivers — slippages, recoveries, provisioning — sit below what we hold for this name; the sections around it carry the reads we can stand behind.

09 · The loan book

The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.

IIFL Capital Services Ltd's revenue grew −4.0% in FY26 to ₹2,420 Cr, so the book is flat. The latest quarter ran +2.3% year on year. The net margin on that income is 29.2%, +0.7 percentage points against a year ago. Interest income is a proxy for the book; rate moves can shift it a few points in any one year.

FY26 revenue was ₹2,420 Cr, −4.0% on the year, and the latest quarter ran +2.3% year on year. The net margin on that revenue is 29.2% this quarter (+0.7 pp YoY) — growth with a widening margin on it.

FY26: revenue ₹2,420 Cr (−4.0% YoY) with the net margin at 23.3% Revenue by fiscal year, ₹ Cr (bars, left); net margin, % (line, right). 9-year window. A bar is red when it is lower than the year before.
RevenueNet margin
2.7k32%2.0k28%1.4k25%68021%017%₹ Cr%₹2,42023.3%FY18FY20FY22FY24FY26
2.7k32%2.0k28%1.4k25%68021%017%₹ Cr%₹2,42023.3%FY18FY22FY26

The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.

10 · Returns on equity and assets

Returns on equity and assets Two numbers usually rate a lender: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys.

A clean annual return-on-equity ladder is not held for IIFL Capital Services Ltd. For an insurer especially the standard bank ratios are not the right lens, so this page does not force them onto the filings rather than estimating a series it cannot support. The revenue, margin and ownership sections above and below are the reads this page stands behind.

We do not hold a clean annual return-on-equity series for IIFL Capital Services Ltd — for an insurer especially, the standard bank ratios are not the right lens, so this page does not force them. The revenue, margin and ownership sections above and below are the reads we stand behind.

The quarterly return-on-equity and return-on-assets curves, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 14% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

Debt

For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.

A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 2.2 points of IIFL Capital Services Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 15.3% of the company. Domestic institutions moved +1.5 points over the same window, to 4.7%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −2.2 points over 8 quarters to 15.3%; Domestic institutions: +1.5 points over 8 quarters to 4.7%; Promoters: −0.2 points over 8 quarters to 30.7%.

Why the register moved: rotation — foreign institutions −2.2 points against domestic institutions +1.5 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
54%41%27%13%0.0%%30.9%16.3%5.6%47.2%Mar 24Mar 25Mar 26
54%41%27%13%0.0%%30.9%16.3%5.6%47.2%Mar 24Mar 25Mar 26
Foreign institutions cut 2.2 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
56%42%28%13%−0.7%%30.7%15.3%4.7%49.3%Jun 23Dec 24Jun 26
56%42%28%13%−0.7%%30.7%15.3%4.7%49.3%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

IIFL Capital Services Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.

The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.

14 · Related companies · Finance - Capital Markets - Brokers
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Indo Thai Securities LtdINDOTHAI 76.4/100Favorable setup76% evidence ASLEEP 32.5/35 Income 100% · PAT 100% 86% evidence 19.4/25 ROA 17.6% · ROE 28.6% · GNPA — 72% evidence 12.9/20 P/BV 4.11× · P/BV÷ROE 0.14 70% evidence 11.6/20 RS sector 27.7% · RS bench -24.3% · 1Y 13.8%0 of 10 weeks ahead 70% evidence
Exact sum: 32.5 + 19.4 + 12.9 + 11.6 = 76.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Paisalo Digital LtdPAISALO 66.2/100Favorable setup96% evidence LEADER 22.6/35 Income 22.3% · PAT 19.1% 88% evidence 18.9/25 ROA 3.8% · ROE 14.3% · GNPA 0.7% 100% evidence 4.7/20 P/BV 3.61× · P/BV÷ROE 0.25 100% evidence 20.0/20 RS sector 50.8% · RS bench 65.2% · 1Y 118.9%12 of 12 weeks ahead 100% evidence
Exact sum: 22.6 + 18.9 + 4.7 + 20 = 66.2 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3Monarch Networth Capital LtdMONARCH 61.9/100Mixed-positive evidence78% evidence TURNING 19.5/35 Income 13.8% · PAT 20.7% 75% evidence 19.6/25 ROA 11.5% · ROE 20.5% · GNPA — 72% evidence 13.2/20 P/BV 3.17× · P/BV÷ROE 0.15 100% evidence 9.6/20 RS sector -14.3% · RS bench 23.2% · 1Y 6.5%10 of 11 weeks ahead 70% evidence
Exact sum: 19.5 + 19.6 + 13.2 + 9.6 = 61.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Share India Securities LtdSHAREINDIA 58.7/100Mixed-positive evidence76% evidence TURNING 18.0/35 Income 14.7% · PAT 17.8% 86% evidence 15.7/25 ROA 7.1% · ROE 13% · GNPA — 72% evidence 15.5/20 P/BV 1.48× · P/BV÷ROE 0.11 70% evidence 9.5/20 RS sector -13.8% · RS bench 15.5% · 1Y 3.8%4 of 11 weeks ahead 70% evidence
Exact sum: 18 + 15.7 + 15.5 + 9.5 = 58.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Choice International LtdCHOICEIN 56.6/100Mixed-positive evidence61% evidence TURNING 24.1/35 Income 23% · PAT 46% 45% evidence 17.8/25 ROA 7.7% · ROE 16.1% · GNPA — 68% evidence 3.6/20 P/BV 10.97× · P/BV÷ROE 0.68 70% evidence 11.1/20 RS sector -3.1% · RS bench 7.2% · 1Y 9.5%4 of 10 weeks ahead 70% evidence
Exact sum: 24.1 + 17.8 + 3.6 + 11.1 = 56.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
6Anand Rathi Share & Stock Brokers LtdARSSBL 55.5/100Mixed-positive evidence62% evidence ASLEEP 21.0/35 Income 16.9% · PAT 35.4% 86% evidence 13.3/25 ROA 1.8% · ROE 14% · GNPA — 72% evidence 11.2/20 P/BV 2.38× · P/BV÷ROE 0.17 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —4 of 10 weeks ahead 0% evidence
Exact sum: 21 + 13.3 + 11.2 + 10 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Angel One LtdANGELONE 48.4/100Mixed-negative evidence88% evidence FADING 14.1/35 Income 9.1% · PAT 3.9% 86% evidence 16.3/25 ROA 3.8% · ROE 15.6% · GNPA — 72% evidence 7.9/20 P/BV 4.43× · P/BV÷ROE 0.28 100% evidence 10.1/20 RS sector -2.1% · RS bench 8.1% · 1Y 9.6%9 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 16.3 + 7.9 + 10.1 = 48.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8SMC Global Securities LtdSMCGLOBAL 47.5/100Mixed-negative evidence80% evidence TURNING 13.0/35 Income 12.3% · PAT -11.3% 81% evidence 11.5/25 ROA 1.8% · ROE 8.1% · GNPA — 68% evidence 12.2/20 P/BV 1.3× · P/BV÷ROE 0.16 100% evidence 10.8/20 RS sector -4.4% · RS bench 11.9% · 1Y 10%5 of 10 weeks ahead 70% evidence
Exact sum: 13 + 11.5 + 12.2 + 10.8 = 47.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9IIFL Capital Services Ltdthis pageIIFLCAPS 46.7/100Mixed-negative evidence67% evidence LEADER 11.9/35 Income 2.1% · PAT -19% 52% evidence 15.2/25 ROA — · ROE 20.2% · GNPA — 34% evidence 9.4/20 P/BV 3.43× · P/BV÷ROE 0.17 100% evidence 10.2/20 RS sector -6.4% · RS bench 3.8% · 1Y 10.1%11 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 15.2 + 9.4 + 10.2 = 46.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Meghna Infracon Infrastructure Ltd538668 46.2/100Thin evidence · provisional58% evidence FADING 14.8/35 Income 15.8% · PAT -42.8% 45% evidence 15.8/25 ROA — · ROE 21.9% · GNPA — 34% evidence 3.0/20 P/BV 58.02× · P/BV÷ROE 2.65 70% evidence 12.6/20 RS sector 5.6% · RS bench 16.8% · 1Y 26.7%10 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 15.8 + 3 + 12.6 = 46.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Summit Securities LtdSUMMITSEC 41.4/100Mixed-negative evidence67% evidence ASLEEP 23.5/35 Income 30.2% · PAT 54.4% 45% evidence 6.2/25 ROA 1.1% · ROE 1.1% · GNPA — 68% evidence 8.6/20 P/BV 0.19× · P/BV÷ROE 0.17 70% evidence 3.1/20 RS sector -27.3% · RS bench -18.7% · 1Y -27.6%0 of 12 weeks ahead 100% evidence
Exact sum: 23.5 + 6.2 + 8.6 + 3.1 = 41.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -27.3% and the one-year return is -27.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
12Geojit Financial Services LtdGEOJITFSL 34.7/100Adverse evidence61% evidence TURNING 9.0/35 Income -5.5% · PAT -52.3% 52% evidence 10.8/25 ROA — · ROE 7.3% · GNPA — 34% evidence 7.4/20 P/BV 1.78× · P/BV÷ROE 0.24 100% evidence 7.5/20 RS sector -16.6% · RS bench 4.5% · 1Y 2.4%10 of 10 weeks ahead 70% evidence
Exact sum: 9 + 10.8 + 7.4 + 7.5 = 34.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
135paisa Capital Ltd5PAISA 30.5/100Adverse evidence80% evidence TURNING 8.6/35 Income -1.8% · PAT -26.7% 81% evidence 11.2/25 ROA 2.3% · ROE 7% · GNPA — 68% evidence 4.5/20 P/BV 2.53× · P/BV÷ROE 0.36 100% evidence 6.2/20 RS sector -18.5% · RS bench 2.7% · 1Y -10%3 of 10 weeks ahead 70% evidence
Exact sum: 8.6 + 11.2 + 4.5 + 6.2 = 30.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Arihant Capital Markets LtdARIHANTCAP 28.9/100Adverse evidence80% evidence TURNING 6.7/35 Income 3.6% · PAT -26.4% 81% evidence 11.7/25 ROA 2.8% · ROE 7.7% · GNPA — 68% evidence 6.5/20 P/BV 1.95× · P/BV÷ROE 0.25 100% evidence 4.0/20 RS sector -20.8% · RS bench -9.7% · 1Y -22.8%2 of 10 weeks ahead 70% evidence
Exact sum: 6.7 + 11.7 + 6.5 + 4 = 28.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Emkay Global Financial Services LtdEMKAY 25.0/100Adverse evidence80% evidence TURNING 9.9/35 Income 21.3% · PAT -59.1% 81% evidence 5.9/25 ROA 0.9% · ROE 4.5% · GNPA — 68% evidence 2.8/20 P/BV 1.67× · P/BV÷ROE 0.37 100% evidence 6.4/20 RS sector -11.5% · RS bench -7.4% · 1Y -3.5%5 of 10 weeks ahead 70% evidence
Exact sum: 9.9 + 5.9 + 2.8 + 6.4 = 25 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Billionbrains Garage Ventures LtdGROWW 54.8/100Thin evidence · provisional41% evidence ASLEEP 24.7/35 Income 37.7% · PAT 30.9% 52% evidence 16.3/25 ROA — · ROE 28.8% · GNPA — 34% evidence 3.8/20 P/BV 12.6× · P/BV÷ROE 0.44 70% evidence 10.0/20 RS sector — · RS bench — · 1Y —8 of 12 weeks ahead 0% evidence
Exact sum: 24.7 + 16.3 + 3.8 + 10 = 54.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is IIFL Capital Services Ltd's share price today?

IIFL Capital Services Ltd trades at ₹338, +8.2% over the past year. The company is valued at ₹10,634 Cr. The stock sits at 64% of its 52-week range of ₹258–₹383, +4.6% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 9 weeks in. — as of 31 July 2026.

What were IIFL Capital Services Ltd's latest quarterly results?

IIFL Capital Services Ltd reported total income of ₹631 Cr and net profit of ₹184 Cr for the Jun 26 quarter. Income rose 2.3% and profit rose 4.5% year on year. Earnings per share were ₹5.87. The net margin was 29.2%, 0.7 pp higher than a year earlier. — as of 31 July 2026.

What is IIFL Capital Services Ltd's revenue?

IIFL Capital Services Ltd reported revenue of ₹631 Cr in the Jun 26 quarter, +2.3% year on year. For the full FY26 fiscal year, revenue was ₹2,420 Cr (−4.0%). Over the last 8 years revenue compounded at 12.7% a year. — as of 31 July 2026.

What is IIFL Capital Services Ltd's profit?

IIFL Capital Services Ltd earned ₹184 Cr of net profit in the Jun 26 quarter, +4.5% year on year. Full-year FY26 profit was ₹564 Cr. The net margin ran 29.2% in the latest quarter. — as of 31 July 2026.

What is IIFL Capital Services Ltd's market cap?

IIFL Capital Services Ltd's market capitalisation is ₹10,634 Cr at a share price of ₹338. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is IIFL Capital Services Ltd's P/BV ratio?

IIFL Capital Services Ltd trades at a P/BV of 3.4×, at the 74th percentile of its own 7-year range, against a long-run median of 2.5×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.

Does IIFL Capital Services Ltd pay a dividend?

Yes — IIFL Capital Services Ltd's dividend payout was 17% of profit in FY26, and it recorded a payout in 7 of its last 9 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.

Is IIFL Capital Services Ltd overvalued?

On its own history, IIFL Capital Services Ltd looks expensive against its own history: its P/BV of 3.4× sits at the 74th percentile of its 7-year range (long-run median 2.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is IIFL Capital Services Ltd growing?

Yes — IIFL Capital Services Ltd is growing: latest-quarter revenue +2.3% year on year, profit +4.5%, and the the net margin +0.7 pp at 29.2%. The 8-year compound rates are 12.7% (revenue) and 15.3% (profit). The earnings engine currently reads: improving — as of 31 July 2026.

How is IIFL Capital Services Ltd performing?

IIFL Capital Services Ltd is in a confirmed uptrend, 9 weeks in. Its latest quarter's income rose 2.3% and profit rose 4.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 31 July 2026.

What stage is IIFL Capital Services Ltd in?

Deteriorating — profit and EPS growth are shrinking (profit growth −19.0% latest against +115.3% at its 12-quarter best). The read comes from the last 12 quarters of growth (revenue growth +2.1% latest, profit growth −19.0% latest, eps growth −19.8% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is IIFL Capital Services Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 9 of stage 2), trading +4.6% versus its 200-day average and at 64% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.

Is IIFL Capital Services Ltd beating the market?

Not lately — on a trailing-13-week view IIFL Capital Services Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-06-25), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 6.9 years the stock moved +1,362% against the NIFTY 500's +151% — ahead of the index over the full window. — as of 31 July 2026.

Will IIFL Capital Services Ltd's share price go up?

This page publishes no price forecast for IIFL Capital Services Ltd. What it measures instead: the share price is ₹338, the price is in a confirmed uptrend 9 weeks in. Its P/BV of 3.4× sits at the 74th percentile of its own 7-year range. — as of 31 July 2026.

Who owns IIFL Capital Services Ltd?

Promoters hold 30.7% of IIFL Capital Services Ltd, foreign institutions 15.3%, domestic institutions 4.7% and the public 49.3% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 2.2 points over 8 quarters. — as of 31 July 2026.

Is IIFL Capital Services Ltd's loan book healthy?

We do not hold quarterly loan-book quality numbers for IIFL Capital Services Ltd, so this page says that plainly. The cleanest available reads are revenue growth (−4.0% in FY26) and the net margin on it (29.2%) — as of 31 July 2026.

Where is IIFL Capital Services Ltd in its business cycle?

IIFL Capital Services Ltd's FY26 net margin was 23.3%, against a 9-year band of 18.4%–30.9%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 29.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.

What could break the IIFL Capital Services Ltd story?

The sharpest disagreement: the price moved +8.2% in a year while annual EPS moved −21.6% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.

Is IIFL Capital Services Ltd a stock worth studying right now?

This is not investment advice. The machine read: IIFL Capital Services Ltd's price has outrun its earnings. +8.2% in a year against EPS −21.6% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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