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    Financial - Credit Services
Inditrade Capital Limited

Inditrade Capital Limited

INDICAP.BO
Inditrade Capital LimitedIN flagBombay Stock Exchange
2.28
INR
-0.12
- -
53.09MMarket Cap
Inditrade Capital Limited
INDICAP.BO
(Bombay Stock Exchange)

Recent

price

2.28

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
25.07
27.59
19.1
14.2
10.49
11.32
10.49
17.69
17.68
31.29
55.89
75.84
69.36
70.04
70.08
- -
22.67
Revenue per Share
1.99
0.68
-3.39
-2.82
-2.43
4.43
4.61
2.37
3.67
4.94
4.01
2.55
2.18
-5.98
0.85
- -
-29.11
Basic EPS, GAAP
-22.66
5.45
-16.54
5.1
-0.67
-1.43
-19.73
-21.45
-32.45
-30.91
12.63
-16.68
-47.83
43.21
37.69
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
Dividend per Share
11.09
11.38
7.93
5.04
2.5
6.47
10.33
12.42
16.37
20.68
22.32
24.14
25.97
19.22
18.45
- -
9.91
Book Value per Share
45.72
48.89
46.25
44.32
42.51
48.29
56.63
60.59
67.21
74.59
79.64
84.03
80.2
72.49
73.91
- -
37.44
Tangible Book Value per Share
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
- -
24
Basic Weighted Avg Shares
582
642
445
331
245
264
244
412
412
729
1,302
1,766
1,615
1,631
1,623
533
533
Sales/Revenue/Turnover
0.86
0.02
-25.62
-35.48
-33.99
6.02
-10.6
11.58
40.98
51.92
44.77
51.95
40.15
21.87
6.9
-127.24
-127.24
Operating Margin (%)
74
69
65
51
36
12
10
9
8
8
22
33
47
62
56
25
25
Depreciation Expense
46
16
-79
-66
-57
103
107
55
85
115
93
59
51
-139
20
-684
-684
Net Income, GAAP
26.77
33.67
- -
- -
- -
15.64
16.48
24.81
28.93
29.26
30.67
31.06
46.37
- -
56.58
- -
74.48
Effective Tax Rate (%)
7.95
2.45
-17.75
-19.83
-23.16
39.16
43.9
13.38
20.73
15.79
7.17
3.36
3.14
-8.54
1.21
-128.39
-128.39
Profit Margin (%)
761
828
906
894
875
1,044
1,210
1,288
1,895
2,016
1,548
2,163
3,448
1,934
1,082
1,992
1,992
Working Capital
49
- -
- -
- -
- -
- -
- -
- -
125
318
312
470
1,887
964
321
1,396
1,396
LT Debt
1,146
1,198
1,127
1,069
1,021
1,150
1,323
1,431
1,585
1,756
1,875
1,977
2,144
1,936
1,936
1,097
1,097
Total Equity
0.32
0.01
- -
- -
- -
1.14
-1.49
2.05
5.23
8.84
11.76
16.65
7.04
- -
1.21
- -
14.41
Return on Invested Capital (%)
5.02
-2
- -
- -
- -
17.69
8.06
4.08
7.58
9.56
10.34
7.66
5.84
- -
3.92
- -
-37.14
Return on Capital (%)
19.4
6.04
-35.12
-43.43
-64.57
98.73
54.82
20.81
25.47
26.66
18.65
10.96
8.7
-26.48
4.5
-207.29
-207.29
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
956
969
1,396
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
330
253
123

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
Total Current Assets
2,636
2,627
2,110
Cash, Cash Equivalents & STI
267
200
163
Accounts Receivable, Net
496
462
235
Inventories
20
6
7
Total Current Liabilities
226
212
118
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.24%
-7.84%
-43.35%
Free Cash Flow
79.66%
-80.06%
-151.55%
Net Income, GAAP
-408.92%
-823.06%
-3,575.8%
Sales/Revenue/Turnover
17.74%
-7.9%
-67.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
427
533
410
261
1,631
2024
430
393
404
359
1,623
2025
285
216
128
-96
533

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.28
1.19
0.45
- -
-5.98
2024
-0.19
-0.15
0.36
- -
0.85
2025
0.12
-0.69
-2.94
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Inditrade Capital Limited is a diversified financial services company primarily engaged in lending and broking activities targeting underserved and marginalized sectors of the economy. The company's core product offerings include microfinance loans, agri-commodity finance, MSME finance through its InCash product, equity trading, commodity trading, currency derivatives, insurance broking, margin financing, and loans against shares. It operates through multiple subsidiaries, including a wholly owned insurance broking business and Inditrade Housing Finance Limited, underlining its comprehensive presence across retail financial services and lending segments. Inditrade Capital has a digital-first approach combined with physical outlets to enhance accessibility across India. Founded in 1993 and headquartered in Mumbai, India, Inditrade Capital has expanded its geographic footprint nationwide with a strong operational presence in South India. The company also established an international subsidiary in Dubai for commodities trading and has engaged in joint ventures in Saudi Arabia. Recent strategic developments include board-level changes with appointment and resignation of independent directors within 2025, alongside a focus on consolidating its retail insurance distribution and MSME financing verticals. The company has pursued operational shifts by launching new digital trading platforms and expanding its microfinance and agri-commodity finance businesses in the past few years. Its financial performance has seen some volatility recently, including net losses reported in late 2024 quarters amid declining sales, reflecting ongoing market challenges and strategic recalibrations. Inditrade Capital continues to leverage technology to serve financially underserved customers, combining retail broking services with lending products for micro, small, and medium enterprises. The firm’s product suite systematically covers equity and commodity broking under its online brand, financial advisory, insurance distribution, and niche financing products targeting agribusiness and micro-entrepreneurs, positioning it as a multi-segment financial service provider in the Indian market. The company remains active in strengthening its governance and operational framework to support sustainable growth and customer empowerment across its product lines.