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IKF FINANCE LIMITED
Sector Focus
Diversified NBFC
Highest Credit Rating
A+ (Stable) by CARE RATINGS LIMITED
Feb 01, 2025
Yield
Request for Quote
Coupon
9.9000 % p.a
Rating
A+ (Stable)
ISIN
INE859C07220
Maturity Date
20 Jan, 2027
Key Strengths
Established Track Record and Experienced Leadership
With nearly three decades of experience in vehicle financing, IKF boasts a robust track record and a highly qualified board and management team
Strong Investor Backing
The company has attracted investments from prominent investors, including funds managed by Motilal Oswal Private Equity (AUM: $2 billion), British International Investment (BII) (AUM: $9.2 billion), and Teachers Insurance and Annuity Association of America (TIAA) (AUM: $1.3 trillion)
Demonstrated Ability to Raise Capital
IKF successfully raised ₹255 crore in equity during FY23 from Accion (managed by BII) and other investors, followed by an additional ₹120 crore from TIAA in FY24
Credit Rating Upgrade
CARE Ratings recently upgraded IKF's rating from A/Stable to A+/Stable, recognizing the company's consistent financial performance, expanding scale of operations, and comfortable capitalization levels, bolstered by regular equity infusions
Expanding Scale and Consistent Profitability
IKF's AUM has grown significantly, increasing by 72% from ₹2,452 crore in March 2023 to ₹4,224 crore in September 2024. The company has also maintained strong profitability, generating a PAT of ₹77 crore in FY24 and ₹53 crore in H1 FY25. ROTA has also improved, rising from 2.4% in FY24 to 2.9% in H1 FY25
Improving Asset Quality
IKF's asset quality continues to improve, with Gross Non-Performing Assets (GNPA) decreasing from 2.8% in March 2023 to 2.4% in March 2024 and further to 2.3% in September 2024
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Note:
The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
Note: The listing of products above should not be considered an endorsement or recommendation to invest. Please use your own discretion before you transact. The listed products and their price or yield are subject to availability and market cutoff times. Pursuant to the provisions of Section 193 of Income Tax Act, 1961, as amended, with effect from, 1st April 2023, TDS will be deducted @ 10% on any interest payable on any security issued by a company (i.e. securities other than securities issued by the Central Government or a State Government).
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India Bond Private Limited
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
CIN: U67100MH2008PTC178990
SEBI Registration No.: INZ000311637
NSE Member ID - Debt Segment: 90316
BSE Member ID - Debt Segment: 6811
Registered Address: 605, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz - (East), Mumbai – 400 098.
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