# IIFL Finance share price today (IIFL Finance Ltd, NSE: IIFL)

> IIFL Finance share price today: ₹541.55 at the NSE close on 3 November 2026, up 1.3% in a year. IIFL Finance (NSE: IIFL) is worth ₹23,099 crore, trades at a P/BV of 1.5 and has closed between ₹419.35 and ₹679.80 over the past 52 weeks. > IIFL Finance Ltd's results are improving, while its P/BV is near the low end of its own history over 11 years, higher than only 34% of past readings. IIFL · Finance & Investments - Gold Loan · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/iifl-finance-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹541.55 (+1.3% in a year)
- P/BV: 1.5× (lower than 66% of the last 11 years)
- Revenue (Sep 2026): ₹4,246 Cr (+28.5% on a year ago)
- Profit (Sep 2026): ₹805 Cr (+92.6% on a year ago)
- Net margin: 19.0% (+6.4 points on a year ago)
- ROE: 13%, FY26
- Gross NPA (bad loans): 1.55% (−0.79 points on a year ago)

The main question: yearly earnings per share moved +337.8% while the share price moved +1.3%. ## What is the IIFL Finance share price today? IIFL Finance Ltd's share price was ₹541.55 at the close on 3 November 2026. It has been rising for 16 weeks. That is 1.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹419 and ₹680, and at that close it sat 47% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running. Over the last 11 years the share price moved +550% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at IIFL Finance this quarter? Three changes stood out: revenue up on a year earlier for 6 quarters in a row, highest quarterly profit in 16 quarters and profit up on a year earlier for 5 quarters in a row. 1. Revenue up on a year earlier for 6 quarters in a row In the September 2026 quarter revenue was ₹4,246 crore, +28.5% on a year earlier. Why: Revenue rose because the company lent more, with gold-backed loans at the center. Next results: check whether the loan book grows about 25% as management expects. From the earnings call on 15 Oct 2026. 2. Highest quarterly profit in 16 quarters Profit of ₹805 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Profit rose because the company lent more, with gold-backed loans at the center. Next results: check whether the planned equity raise closes this quarter and on what terms. From the earnings call on 15 Oct 2026. 3. Profit up on a year earlier for 5 quarters in a row In the September 2026 quarter profit was ₹805 crore, +92.6% on a year earlier. ## What are IIFL Finance's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), IIFL Finance reported total income of ₹4,246 crore, up 28.5% from ₹3,305 crore a year earlier, and a profit of ₹805 crore, up 92.6% from ₹418 crore. ### IIFL Finance results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹4,246 crore | ₹3,305 crore | +28.5% |
| Profit | ₹805 crore | ₹418 crore | +92.6% |
| Earnings per share | ₹17.96 | ₹8.86 | +102.7% |
| Net margin | 19.0% | 12.6% | +6.4 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). IIFL Finance's management discussed these results on a call held on 15 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the IIFL Finance share price history? IIFL Finance closed at ₹541.55 on 3 November 2026, up 1.3% from ₹534.60 a year earlier (31 October 2025) and up 56.2% over five years. Its highest weekly close since March 2016 was ₹679.80 on 21 August 2026. ### IIFL Finance share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹531.70 | +1.9% |
| 1 month ago · 1 Oct 2026 | ₹584.40 | −7.3% |
| 6 months ago · 30 Apr 2026 | ₹458.95 | +18.0% |
| 1 year ago · 31 Oct 2025 | ₹534.60 | +1.3% |
| 3 years ago · 3 Nov 2023 | ₹600.06 | −9.8% |
| 5 years ago · 4 Nov 2021 | ₹346.78 | +56.2% |
| 10 years ago · 4 Nov 2016 | ₹136.23 | +297.5% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹83.36 | +549.7% |
| Highest weekly close since March 2016, also the 52-week high · 21 Aug 2026 | ₹679.80 | −20.3% |
| Lowest weekly close since March 2016 · 29 May 2020 | ₹61.15 | +785.6% |
| 52-week low (weekly close) · 24 Apr 2026 | ₹419.35 | +29.1% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on IIFL Finance? 3 Nov 2026: IIFL Finance closed at ₹541.55, up 1.9% on the week and down 7.3% on the month. 15 Oct 2026: IIFL Finance held its results call for July to September 2026. Management guided: FY27 AUM growth around 25%, with similar profit growth; H2 gold momentum assumes prices within plus/minus 10%, while a sudden 10% fall could lift gold NPAs to 1-3%, with negligible ultimate losses. ### Earlier

- Results for July to September 2026: Total income up 28.5% and profit up 92.6% on a year earlier. - Our read, 22 Aug 2026: Three shocks in FY25, RBI gold embargo, MFI sector stress, and legacy micro-LAP write-downs, drove ROE to a 5% trough. All three are resolving: profit stepped up across five consecutive quarters through April to June 2026, GNPA has fallen from its peak, and the FY27 credit cost guidance of 1.5-1.7% is tracking. - 29 Jan 2026: ex-date for an interim dividend of ₹4 a share. ### Our read of the business

Three shocks in FY25, RBI gold embargo, MFI sector stress, and legacy micro-LAP write-downs, drove ROE to a 5% trough. All three are resolving: profit stepped up across five consecutive quarters through April to June 2026, GNPA has fallen from its peak, and the FY27 credit cost guidance of 1.5-1.7% is tracking. April to June 2026: Profit 713 Cr, ROA 3.1% beats guidance; HFC capital adequacy collapses to 14.7% without explanation. (Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What dividend does IIFL Finance pay? IIFL Finance paid ₹4 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.74% at the ₹541.55 close on 3 November 2026. The last was an interim dividend of ₹4 a share, ex-date 29 January 2026. ### IIFL Finance dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 29 Jan 2026 | ₹4 | Interim | same day |
| 25 Jan 2024 | ₹4 | Interim | same day |
| 7 Feb 2023 | ₹4 | Interim | same day |
| 3 Feb 2022 | ₹3.50 | Interim | 4 Feb 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. IIFL Finance Ltd paid out 10% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did IIFL Finance management say on the latest results call? On the call for July to September 2026, held on 15 October 2026, IIFL Finance's management guided: FY27 AUM growth around 25%, with similar profit growth; H2 gold momentum assumes prices within plus/minus 10%, while a sudden 10% fall could lift gold NPAs to 1-3%, with negligible ultimate losses. > “The issue we need to resolve is the faster growth in the standalone entity, which is primarily in gold loans and the LAP business. We need to provide some additional capital there.”
> Nirmal Jain, on the call for July to September 2026

### What management guided

- Consolidated ROE around 20% for FY27, with a medium-to-long-term goal above 20%. - Home Finance FY27 AUM growth of 18-20%, with next-year ROE of 16-18%. - MSME ROA near breakeven or slightly positive this year, rising to 2.5-3% next year. - Parent-only equity raise hoped to close this quarter, with 10-20% dilution; profits and a potential subsidiary unlock were cited as later capital sources. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/4536/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 15 October 2026.)

## What is the future of IIFL Finance? What is changing in the business? What is changing at IIFL Finance, from the latest results and calls: gold loan aum re-scaling, credit cost normalization and capital-efficient off-book expansion. - Gold Loan AUM Re-Scaling. Gold loan AUM at 58,406 Cr in April to June 2026 with 11% on the previous quarter growth; 500 new branches in FY27 plus RBI branch-expansion freedom extend the distribution reach into underserved segments. ✓ fact
- Credit Cost Normalization. Consolidated credit cost guidance of 1.5-1.7% for FY27 is tracking, April to June 2026 ROA of 3.1% and ROE of 19.5% are already at or above the guided FY27 goals. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the IIFL Finance story? What are the risks? Separately, if July to September 2026 GNPA rises above 1.7% or the HFC capital adequacy drops below 14%, the credit quality leg of the thesis is broken and the composite recovery story is no longer intact. ### Each change stops working if

- Gold Loan AUM Re-Scaling: Gold prices fall materially from current levels, compressing LTV headroom and AUM values simultaneously; or RBI re-imposes operational restrictions on gold lending practices. - Credit Cost Normalization: Housing finance GNPA re-widens beyond 2.5% as micro-LAP stress proves more structural; or MFI sector conditions deteriorate before Samasta returns to prior AUM levels. - Capital-Efficient Off-Book Expansion: Bank partners reduce co-lending mandates; or the assignment income accounting discrepancy is resolved by recognizing income at a significantly lower rate than previously expected, reducing the economic benefit of off-book growth. ### The main risks

- Management Consistency Track Record: Five documented guidance failures in 14 months, including the unexplained HFC capital adequacy collapse from 42.1% to 14.7% in a single quarter, create a sustained credibility overhang on all FY27 guidance. ⚠ estimate
- Tax Audit Exposure: Special income tax audit under Section 142(2A) remains unresolved, with management still refusing to quantify exposure against analyst estimates of 300-400 Cr. ⚠ estimate
- Housing Finance Residual Stress: GNPA ticked from 1.46% to 1.55% in April to June 2026, and the HFC micro-LAP cleanup (440 Cr outstanding, 50-60 Cr identified as problem) remains incomplete with housing credit cost guided above peers. ⚠ estimate
- FII stake cut and Capital Raise Dilution: FII stake fell 430 basis points in a single quarter from 28.16% in Mar 2026 to 23.86% in Jun 2026, and the imminent equity capital raise creates near-term dilution risk at unknown pricing. ⚠ estimate

(Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in IIFL Finance's next results? When IIFL Finance reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Parent equity raise: disclose route, size and terms, and confirm whether the expected timing lasts. - What to check (from the call)
- Parent equity raise: disclose route, size and terms, and confirm whether the expected timing lasts. - Home Finance: check whether disbursement momentum converts into AUM growth and improves portfolio yields. - Gold: track GNPA and auction normalization after the quarter-end price decline. - Insurance: monitor final RBI rules, applicability timing and the HFC-Samasta mitigation plan. ## Which stock lists is IIFL Finance on? IIFL Finance is on 4 of our India lists: Undervalued stocks, Small & mid cap stocks, Gold & silver stocks and Gold loan companies. - [Undervalued stocks Profit growth x: 2.577560975609756](https://www.sectoralpha.in/markets/in/deep-value-stocks)
- [Small & mid cap stocks Size rank in India: 332](https://www.sectoralpha.in/small-cap-stocks-india)
- [Gold & silver stocks Group on the list: Gold-loan lenders](https://www.sectoralpha.in/gold-stocks-india)
- [Gold loan companies Group on the list: Lenders with gold loans and other loans](https://www.sectoralpha.in/sectors/finance-investments-gold-loan)

## Is IIFL Finance profitable? IIFL Finance Ltd earned ₹805 Cr of net profit in the Sep 2026 quarter, +92.6% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹1,817 Cr. Over 10 years profit has grown 12.6% a year on average. That is 19.0% of the quarter's revenue. The same quarter a year earlier earned ₹418 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹1,817 Cr (+214.4% on the year before). Why profit moved: revenue changed +28.5% on a year earlier and the margin moved +6.4 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +228.0% and revenue +36.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does IIFL Finance make, and is it growing? IIFL Finance Ltd reported ₹4,246 Cr of income in the Sep 2026 quarter, +28.5% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 13.0% a year on average. The last full year, FY26, came in at ₹13,366 Cr. The last four reported quarters add to ₹15,284 Cr. FY26 revenue was ₹13,366 Cr, +30.6% on the year before. Recent pace: the last four quarters grew +36.0% on average, against 13.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +35.4%, against +19.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +157.8%, against +47.1% a year (accelerating). ## How much does IIFL Finance keep from what it earns? IIFL Finance Ltd's net margin was 19.0% in the Sep 2026 quarter, 6.4 percentage points higher than the same quarter a year ago. Across 13 years it has been between 5.6% and 26.0%. The latest quarter is within that range. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of IIFL Finance's loans have gone bad? IIFL Finance Ltd's gross NPA, the share of loans that have stopped being repaid, is 1.55% in Jun 2026, down from 2.34% a year ago. After the money already set aside for bad loans, 0.82% is left (net NPA). Across the 11 quarters on file it has been between 1.46% and 2.42%. Why this happened. The credit cost driver is the primary ROA lever. Discontinued micro-LAP and unsecured MSME portfolios are running off, MFI (Samasta) is recovering with 54% QoQ AUM growth in Q1 FY27, and gold loans carry minimal losses. Q1 FY27 ROA of 3.1% is at the bottom of the guided 3-3.5% FY27 range, suggesting credit cost has normalized faster than guided. The management-qualified 40-50 bps post-tax ROA improvement from credit cost and 20-30 bps from operating leverage is now partially delivered. Falling bad loans mean the loan book is healing; rising ones mean new damage. In Jun 2026, gross NPA was 1.55% and net NPA 0.82%, against 2.34% and 1.13% a year ago. The bad-loan figures stop at Jun 2026, and our data does not yet carry gross and net NPA for the quarters after it, although results up to Sep 2026 are in. They are shown as filed, not estimated. In short: a lender's profit growth is only as good as its loans, and this loan book is better than a year ago. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up. Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown. ## How fast is IIFL Finance's loan book growing? IIFL Finance Ltd's revenue was ₹13,366 Cr in FY26, +30.6% on the year before, so the loan book is growing. The latest quarter was +28.5% on a year earlier. The net margin on that income is 19.0%, +6.4 percentage points on a year ago. Why this happened. Gold loans constitute the majority of AUM and carry near-zero credit cost. Post-embargo, the segment has delivered five consecutive quarters of growth. Q1 FY27 growth of 11% QoQ was split 5-6% from tonnage and the balance from gold price. The 500-branch expansion in FY27 will support tonnage-led growth independent of gold prices, though near-term fixed-cost drag will partially offset efficiency benefits. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is IIFL Finance's P/BV ratio, and how does it compare with its own history? IIFL Finance Ltd's P/BV is 1.5×, near the low end of its own history: it has been lower only 34% of the time. Its usual P/BV (the middle reading) is 1.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year book value grew while the price moved +1.3%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +9.3% a year; about +19.7% a year came from book-value growth and about −10.4 percentage points from the multiple (the market paying less); over 10 years the price moved +14.8% a year; about +11.1% a year came from book-value growth and about +3.7 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the IIFL Finance share price assume? Worked out from its price on 25 August 2026, IIFL Finance Ltd's share price assumed profit growth of about 5.2% a year. Over the past 10 years its profit actually grew 12.6% a year. Today its P/BV is 1.5×, lower than 66% of its own last 11 years. This is a one-day reading, taken on 25 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the IIFL Finance business getting better or worse? IIFL Finance Ltd's business is turning around. Profit growth has swung from −70.7% at its low to +157.8%, rising from a low 5 quarters ago, with ROE rising at 15.3%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the IIFL Finance story, and has it been checked? IIFL Finance Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file. Our read, 22 August 2026. IIFL Finance has confirmed its earnings recovery in Q1 FY27 with PAT of 713 Cr and ROA of 3.1%, but the unexplained collapse in HFC capital adequacy and the parent Tier-1 capital sitting at the regulatory edge have shifted the central risk from credit quality to capital structure. What is proven. IIFL Finance has confirmed its earnings recovery in Q1 FY27 with PAT of 713 Cr and ROA of 3.1%, but the unexplained collapse in HFC capital adequacy and the parent Tier-1 capital sitting at the regulatory edge have shifted the central risk from credit quality to capital structure. The test written in advance. Management Consistency Track Record. Measured by: Management Consistency Track Record by the next result. The test written in advance. Tax Audit Exposure. Measured by: Tax Audit Exposure by the next result. What the company does. Three shocks in FY25, RBI gold embargo, MFI sector stress, and legacy micro-LAP write-downs, drove ROE to a 5% trough. All three are resolving: PAT stepped up across five consecutive quarters through Q1 FY27, GNPA has fallen from its peak, and the FY27 credit cost guidance of 1.5-1.7% is tracking. What the surface reading misses. The surface reading is: Sep 2024 PAT loss suggests operating deterioration The research reads it further: The -582 Cr other income is a provision/write-back booked below the operating line, 416% of the PBT of -140 Cr. Financing margin pct in Sep 2024 was 19%, within the normal operating range. Revenue held at 2,556 Cr. The business was not operationally loss-making. What the surface reading misses. The surface reading is: FY25 PAT fell 71% YoY, severe deterioration The research reads it further: The FY25 collapse is entirely explained by three concurrent shocks: RBI gold-loan embargo, MFI sector NPA cycle, and legacy micro-LAP/unsecured MSME portfolio writedowns. All three are structural/regulatory events now resolved or resolving. FY26 recovery to 1,817 Cr confirms this was a manufactured trough. Lever 16 · Asset quality: building. Consolidated credit cost guidance of 1.5-1.7% for FY27 is tracking, Q1 FY27 ROA of 3.1% and ROE of 19.5% are already at or above the guided FY27 goals. What proves it keeps working: Credit Cost Normalization. It stops working if Housing finance GNPA re-widens beyond 2.5% as micro-LAP stress proves more structural; or MFI sector conditions deteriorate before Samasta returns to prior AUM levels. Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did IIFL Finance management deliver what it promised? What IIFL Finance Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Equity Raise Became a Near-Term Commitment · 15 October 2026. In Jul 2026, management described equity as one option among several and said it could continue for another quarter or two using co-lending and debt alternatives. In Oct 2026, management made the equity raise a committed near-term action and planned closing it this quarter; although it cited faster standalone growth, it did not quantify a new capital trigger that explains the sharper timing change. Home Finance FY27 Growth Guidance Increased · 15 October 2026. In Jul 2026, management guided Home Finance book and AUM growth of about 17% to 18% for FY27. In Oct 2026, management described the guidance as 18% to 20% and said it would definitely achieve it, raising both the lower and upper ends versus the immediately prior call without explaining the changed range. Home Finance FY27 Guidance Shift · 22 July 2026. In April 2026, management guided to 18%-20% book growth and 25%-27% disbursement growth for FY27. In July 2026, it lowered the book and AUM growth range to 17%-18% while raising disbursement guidance to over 30%, without explaining the changed assumptions or how the revised goals fit together. HFC Capital Adequacy Changed Materially Without Reconciliation · 22 July 2026. In April 2026, management reported HFC capital adequacy of 42.1% and described the capital position as healthy. In July 2026, HFC capital adequacy was reported at 14.7%, a sharp decline that would materially change the assessment of subsidiary capital headroom, but management did not explain the movement and simultaneously described the figures as well above a roughly 15% minimum threshold. Every quote above is taken word for word from the company’s own earnings calls. ## What is IIFL Finance management's track record? Delivery on GNPA/ROE recovery real but forward-guidance reliability is the demerit. ### Regulatory and governance record

No live SEBI/CBI/ED action or material penalty surfaced; sweep returned generic portal and unrelated-entity noise. 0% Promoter shares pledged

Sources:

- [pitchbook.com](https://pitchbook.com/profiles/company/52944-04)
- [sebi.gov.in](https://www.sebi.gov.in/sebiweb/home/HomeAction.do)
- [screener.in](https://www.screener.in/company/IIFL/consolidated)

(Checked 21 July 2026.)

## How much does IIFL Finance earn on its equity and assets? IIFL Finance Ltd earned a return on equity of 13% in FY26. Its lowest yearly reading on file was 5% in FY25. On its assets, every ₹100 earned about ₹2.93, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 12.6% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does IIFL Finance have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the IIFL Finance shareholding pattern? Foreign institutions cut their stake in IIFL Finance Ltd by 4.0 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 25.6% of the company. Domestic institutions moved +1.6 points over the same period, to 7.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −4.0 points over 8 quarters, to 25.6%; Domestic institutions: +1.6 points over 8 quarters, to 7.8%; Promoters: −0.1 points over 8 quarters, to 24.8%. Why the owners changed: foreign institutions moved −4.0 points and domestic institutions +1.6 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is IIFL Finance from balance-sheet trouble? For IIFL Finance Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does IIFL Finance rank in its industry? 68.7 out of 100, rank 3 of 6 in Finance & Investments - Gold Loan, with 93% of the evidence available. IIFL Finance Ltd scores 68.7 out of 100 against the 6 companies it is compared with in Finance & Investments - Gold Loan, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 30.7 + 12.6 + 12.8 + 12.6 = 68.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is IIFL Finance compared with? IIFL Finance ranks 3 of 6 Finance & Investments - Gold Loan companies on the 4-Factor Sector Score, with 68.7 out of 100. 1. [Capri Global Capital Ltd](https://www.sectoralpha.in/stocks/capri-global-capital-ltd) CGCL · turning · Most evidence points up · 93% evidence 73.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Income 52.9% · Profit 82.6% · 100% evidence Capital efficiency 18.7/25 · ROA 3.3% · ROE 16.5% · GNPA n/a · 72% evidence Valuation 6.1/20 · P/BV 2.78× · P/BV÷ROE 0.17 · 100% evidence Relative strength 20.0/20 · Lead over its industry 20.5% · Lead over NIFTY 500 17.5% · 1 year 13.6% · 100% evidence · 10 of 12 weeks ahead Exact sum: 28.6 + 18.7 + 6.1 + 20 = 73.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Muthoot Finance Ltd](https://www.sectoralpha.in/stocks/muthoot-finance-ltd) MUTHOOTFIN · quiet · Most evidence points up · 69% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Income 47.3% · Profit 70.6% · 76% evidence Capital efficiency 20.7/25 · ROA 6.4% · ROE 30.9% · GNPA n/a · 68% evidence Valuation 16.7/20 · P/BV 2.2× · P/BV÷ROE 0.07 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -22.6% · 1 year -24.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.9 + 20.7 + 16.7 + 7.5 = 68.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. IIFL Finance Ltd this page IIFL · losing its lead · Most evidence points up · 93% evidence 68.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.7/35 · Income 35.4% · Profit 100% · 100% evidence Capital efficiency 12.6/25 · ROA 2.5% · ROE 12.6% · GNPA n/a · 72% evidence Valuation 12.8/20 · P/BV 1.46× · P/BV÷ROE 0.12 · 100% evidence Relative strength 12.6/20 · Lead over its industry 4.7% · Lead over NIFTY 500 2.1% · 1 year -1.2% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30.7 + 12.6 + 12.8 + 12.6 = 68.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Fedbank Financial Services Ltd](https://www.sectoralpha.in/stocks/fedbank-financial-services-ltd) FEDFINA · turning · Evidence leans up · 90% evidence 63.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.1/35 · Income 20.9% · Profit 76.4% · 76% evidence Capital efficiency 16.3/25 · ROA 2.7% · ROE 12.6% · GNPA 1.8% · 95% evidence Valuation 12.2/20 · P/BV 1.71× · P/BV÷ROE 0.14 · 100% evidence Relative strength 17.2/20 · Lead over its industry 4% · Lead over NIFTY 500 1.7% · 1 year 1.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 18.1 + 16.3 + 12.2 + 17.2 = 63.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [CSB Bank Ltd](https://www.sectoralpha.in/stocks/csb-bank-ltd) CSBBANK · basing · Evidence leans up · 85% evidence 53.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.9/35 · Income 23% · Profit 10.8% · 100% evidence Capital efficiency 13.9/25 · ROA 1.1% · ROE 13.5% · GNPA 1.6% · 100% evidence Valuation 19.0/20 · P/BV 0.99× · P/BV÷ROE 0.07 · 100% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -16.5% · 1 year -28.4% · 25% evidence · 1 of 12 weeks ahead Exact sum: 11.9 + 13.9 + 19 + 8.2 = 53 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Manappuram Finance Ltd](https://www.sectoralpha.in/stocks/manappuram-finance-ltd) MANAPPURAM · quiet · Evidence leans down · 89% evidence 35.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.4/35 · Income 4.7% · Profit 85.6% · 88% evidence Capital efficiency 7.4/25 · ROA 1.3% · ROE 7% · GNPA n/a · 72% evidence Valuation 4.9/20 · P/BV 1.69× · P/BV÷ROE 0.24 · 100% evidence Relative strength 8.0/20 · Lead over its industry 1.6% · Lead over NIFTY 500 -0.7% · 1 year 7.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 15.4 + 7.4 + 4.9 + 8 = 35.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance & Investments - Gold Loan](https://www.sectoralpha.in/sectors/finance-investments-gold-loan), all 6 compared on one page. ## Which companies are close to IIFL Finance in size? IIFL Finance is the 3rd largest of 6 Finance & Investments - Gold Loan companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Muthoot Finance and Manappuram Finance. Just below it: Capri Global Capital, Fedbank Financial Services and CSB Bank. ### Finance & Investments - Gold Loan companies close in size

1. [Muthoot Finance Ltd](https://www.sectoralpha.in/stocks/muthoot-finance-ltd) ₹96,698 crore
2. [Manappuram Finance Ltd](https://www.sectoralpha.in/stocks/manappuram-finance-ltd) ₹27,147 crore
3. IIFL Finance Ltd ₹22,521 crore
4. [Capri Global Capital Ltd](https://www.sectoralpha.in/stocks/capri-global-capital-ltd) ₹22,153 crore
5. [Fedbank Financial Services Ltd](https://www.sectoralpha.in/stocks/fedbank-financial-services-ltd) ₹5,390 crore
6. [CSB Bank Ltd](https://www.sectoralpha.in/stocks/csb-bank-ltd) ₹5,133 crore

[All 6 Finance & Investments - Gold Loan companies, largest first](https://www.sectoralpha.in/sectors/finance-investments-gold-loan#all-companies)

### Companies close in size in other industries

1. [Kalpataru Projects International Ltd](https://www.sectoralpha.in/stocks/kalpataru-projects-international-ltd) ₹22,844 crore · Infra - Power - Generation/Distribution
2. [Great Eastern Shipping Company Ltd](https://www.sectoralpha.in/stocks/great-eastern-shipping-company-ltd) ₹22,751 crore · Shipping
3. IIFL Finance Ltd ₹22,521 crore
4. [Chennai Petroleum Corporation Ltd](https://www.sectoralpha.in/stocks/chennai-petroleum-corporation-ltd) ₹22,508 crore · Refineries
5. [Metro Brands Ltd](https://www.sectoralpha.in/stocks/metro-brands-ltd) ₹22,443 crore · Footwear

## What else do people ask about IIFL Finance? ### What is IIFL Finance's share price today? IIFL Finance Ltd's share price is ₹541.55, +1.3% over the past year. The whole company is worth ₹23,099 Cr on the market. In the last 52 weeks it traded between ₹419 to ₹680; today it is 47% of the way up from the low, 1.8% below its 200-day average (as of 3 November 2026). ### What were IIFL Finance's latest quarterly results? IIFL Finance Ltd reported total income of ₹4,246 Cr and net profit of ₹805 Cr for the Sep 2026 quarter. Income rose 28.5% and profit rose 92.6% compared with a year earlier. Earnings per share were ₹17.96. The net margin was 19.0%, 6.4 percentage points higher than a year earlier (as of 3 November 2026). ### What is IIFL Finance's market cap? IIFL Finance Ltd's market capitalisation is ₹23,099 Cr at a share price of ₹541.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is IIFL Finance performing? IIFL Finance Ltd's share price has been rising for 16 weeks. In its latest quarter, income rose 28.5% and profit rose 92.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 3 weeks running (as of 3 November 2026). ### Will IIFL Finance's share price go up? This page does not forecast IIFL Finance Ltd's share price. What it shows instead: the share price is ₹541.55, and it has been rising for 16 weeks. Its P/BV of 1.5× is higher than 34% of its own last 11 years (as of 3 November 2026). ### Who owns IIFL Finance? Promoters own 24.8% of IIFL Finance Ltd, foreign institutions 25.6%, domestic institutions 7.8% and the public 41.8% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 4.0 percentage points over 8 quarters (as of 3 November 2026). ### Where is IIFL Finance in its business cycle? IIFL Finance Ltd's FY26 net margin was 13.6%, against a 13-year range of 5.6% to 26.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the IIFL Finance story? The main question: yearly earnings per share moved +337.8% while the share price moved +1.3%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is IIFL Finance a stock worth studying right now? What the numbers show: IIFL Finance Ltd's results are improving, while its P/BV is near the low end of its own history over 11 years, higher than only 34% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a IIFL Finance share price forecast for 2026? What management itself guided: FY27 AUM growth around 25%, with similar profit growth; H2 gold momentum assumes prices within plus/minus 10%, while a sudden 10% fall could lift gold NPAs to 1-3%, with negligible ultimate losses. What is changing at IIFL Finance, from the latest results and calls: gold loan aum re-scaling, credit cost normalization and capital-efficient off-book expansion. What would change the story: Separately, if July to September 2026 GNPA rises above 1.7% or the HFC capital adequacy drops below 14%, the credit quality leg of the thesis is broken and the composite recovery story is no longer intact. ### Where does this page get IIFL Finance's management information? From IIFL Finance's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Undervalued stocks: https://www.sectoralpha.in/markets/in/deep-value-stocks
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Gold & silver stocks: https://www.sectoralpha.in/gold-stocks-india
- Gold loan companies: https://www.sectoralpha.in/sectors/finance-investments-gold-loan

This is research, not advice. We’re not SEBI-registered.