IIFL Capital Services Ltd(IIFLCAPS)

NSE: IIFLCAPSBSE: 542773

₹ 342.4-0.54%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 10,798 crNext results: 28 Oct 2026Website: iifl.comUpdated: 24 Oct 2026

About

IIFL Capital Services Ltd is an Indian capital markets firm offering retail and institutional equity broking, investment banking, financial product distribution, and insurance broking. The company ranked #1 by number of mainboard IPOs in FY26 with a 25.9% market share of completed IPOs. It reported revenue of ₹2,420.03 Cr in FY26.^[1]

Business segments

Capital market activity contributed 84% of segment revenue (₹2,205.72 Cr) in FY26, covering retail broking, institutional equities, investment banking, and financial product distribution.^[2]
Insurance broking contributed 10.8% of segment revenue (₹284.7 Cr) in FY26, with an EBIT margin of 7.6%.^[2]
Facilities and ancillary contributed 5.2% of segment revenue (₹135.47 Cr) in FY26, with an EBIT margin of 75.8%; its revenue share fell 13.8 percentage points over FY2020-FY2026.^[2]

Key operating numbers

Average daily turnover was ₹3,15,780 Cr in Q1 FY27, compared with ₹3,22,886 Cr in Q4 FY26 and ₹2,63,568 Cr in Q2 FY26.^[3]
Net MTF book grew 24% QoQ to ₹17.9 Bn in Q1 FY27, up from ₹14.5 Bn at March 31, 2026.^[3]
Total assets under management and custody stood at ₹2,571 Bn in Q1 FY27, compared with ₹2,296 Bn in Q4 FY26.^[3]
Non-proprietary cash market share was 3.87% and non-proprietary F&O market share was 2.65% as of Q2 FY26; overall market share was ~0.64%.^[4]
Return on equity (annualised) was 21% in Q1 FY27 and 20% in FY26.^[3]

Financial product distribution

Distribution AUM rose 10% QoQ to ₹574 Bn in Q1 FY27, up from ₹521 Bn in Q4 FY26, which itself was 66% higher YoY.^[3]
Mutual funds were the largest component at 41% of distribution AUM in Q1 FY27; mutual fund AUM stood at ₹211.7 Bn in FY26.^[3]
Annuity-recurring revenue assets were 37% of distribution AUM in Q1 FY27 versus 39% in FY26; management targets a 60/40 TBR/ARR mix.^[3]
Net collections from financial product distribution were ₹3,675 Cr in Q1 FY27.^[3]

Investment banking and institutional equities

Ranked #1 in FY26 mainboard IPO league tables by number of transactions, completing 45 deals in FY26 including 9 in Q4 FY26, with a 25.9% market share of mainboard IPOs.^[5]
Institutional equities and investment banking revenue rose 27% QoQ to ₹207 Cr in Q1 FY27, on 11 completed transactions including 3 QIPs, 1 IPO and 1 open offer.^[3]
Equity research coverage stood at 317+ stocks as of Q1 FY27.^[3]
The investment banking deal pipeline is expected to be executed over the next 4-6 quarters subject to market conditions, as stated in Q1 FY27.^[3]

In-house asset management

Combined PMS and AIF AUM reached ₹4,402 Cr in Q1 FY27, up from ₹3,800 Cr in Q4 FY26; PMS held ₹2,521 Cr and AIF ₹1,881 Cr.^[3]
A Capital Credit Opportunities Fund raised ₹500 Cr in Q4 FY26, described as a risk-adjusted higher-return credit strategy.^[5]

Wealth management reach

Combined wealth and Private Client Group RM headcount was approximately 470 as of Q3 FY26, with roughly 50-55 HNI/UHNI wealth RMs and approximately 300 PCG/affluent RMs.^[6]
The wealth business lost approximately ₹20-25 Cr in H1 FY26; management expected it to approach break-even by FY27.^[4]

Capital actions and related parties

Fairfax India Holdings proposed a ₹2,000 Cr preferential investment at ₹350/share plus an open offer to reach at least 51%; shareholders approved it on 1 June 2026, with SEBI, NSE, BSE and IRDAI approvals pending as of Q1 FY27.^[3]
The FY26 annual report seeks enabling approval to raise up to ₹1,000 crore via NCDs for operations, working capital and refinancing.^[7]
Proposed related-party transactions with IIFL Finance equal 137% of consolidated turnover; consolidated debt-equity would rise from 0.59 to 1.08 and DSCR fall from 0.51 to 0.29, per the FY26 annual report.^[7]
Inter-corporate deposits to related parties are unsecured, up to 1 year, at SBI 3M MCLR plus up to 2%, per the FY26 annual report.^[7]

Recent regulatory actions

BSE imposed a penalty of ₹51,26,469.88 on 8 October 2026 for alleged abnormal/non-genuine reversal trades; the company reported no material impact.^[8]
MCX imposed a penalty of ₹28,10,300 on 9 October 2026 for alleged abnormal/non-genuine trades; no material impact reported.^[9]
MCX imposed a separate penalty of ₹2,05,000 on 5 October 2026 for alleged abnormal/non-genuine trades; no material impact reported.^[10]

Market Cap

₹10,798 Cr

High / Low

₹411 / 242

Stock P/E

18.9

Price / Book

3.5

Book Value

₹98

EPS

₹18.0

No. of Shares

31.14 Cr

ROE

20.2%

Sales

₹2,420 Cr

Net Profit

₹564 Cr

Promoter holding

30.5%

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IIFL Capital Services Ltd(IIFLCAPS)

About

Business segments

Key operating numbers

Financial product distribution

Investment banking and institutional equities

In-house asset management

Wealth management reach

Capital actions and related parties

Recent regulatory actions

Signal history

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