Ikf Finance Limited
IKF was incorporated as IndraKeela Financiers Private Limited in 1991. The company became a closely held public company in 1994, with a change in name to IKF Finance & Investments Limited. The company had a public issue in 1995 and IKF’s shares were ...
Key Metrics
EPS
23.98
Current ratio
53.84
Debt/Equity
3.11
Debt/EBITDA
8.39
Interest coverage ratio
1.47
Operating Cashflow to total debt
-
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Long and established track record of operations
Well-defined credit policy and improving MIS system
Healthy profitability profile
Moderately diversified resource profile with an inclination towards banks
Comfortable capitalisation supported by further capital raise in FY23 and 9MFY24
Improving scale of operations
Liquidity: Adequate
Cons
Geographical concentration of portfolio
Exposure to high-ticket SME financing and loans to NBFCs
Moderate asset quality characterised by high delinquency in softer buckets
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About Ikf Finance Limited bond.
This comprehensive profile covers key factual information about Ikf Finance Limited. IKF was incorporated as IndraKeela Financiers Private Limited in 1991. The company became a closely held public company in 1994, with a change in name to IKF Finance & Investments Limited. The company had a public issue in 1995 and IKF’s shares were listed on the Bombay Stock Exchange Limited (BSE) and Ahmedabad Stock Exchange. In 1998, the company was renamed IKF Finance Limited and shares were subsequently delisted on February 18, 2015. IKF is registered as a non-deposit taking NBFC and is primarily engaged in used vehicle and SME financing. As on December 31, 2023, vehicle and SME finance (including loan to NBFC) constitutes 78% and 22% of the total AUM respectively. The company is promoted by VGK Prasad, Chairman, who has more than three decades of experience in the industry and is currently managed by Vasumathi Devi, Managing Director. As on December 31, 2023, promoters held a 42.84% share, followed by two funds (India Business Excellence Fund II – 11.12% and IIA – 18.60%) managed by Motilal Oswal Private Equity (MOPE), 7.96% by Accion digital transformation fund, 7.96% by Teachers Insurance and Annuity Association of America and the rest by others. EPS in Mar-2024 was 23.98. Current ratio in Mar-2024 was 53.84. Debt/Equity in Mar-2024 was 3.11. Debt/EBITDA in Mar-2024 was 8.39. Interest coverage ratio in Mar-2024 was 1.47. Operating Cashflow to total debt in Mar-2024 was . Total revenue for Mar-2025(E) was ₹451.99. Net income for Mar-2025(E) stood at ₹84.87. Total assets as of Mar-2024 were ₹3,676.00. Operating cash flow for Mar-2018 was ₹-8.00. The company’s borrowing relationships include Bank of Maharashtra (₹N/A Cr), Central Bank of India (₹N/A Cr), DCB Bank Limited (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Punjab National Bank (₹N/A Cr), Union Bank of India (₹N/A Cr), AU Small Finance Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Bandhan Bank Limited (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), Capital Small Finance Bank Limited (₹N/A Cr), Central Bank of India (₹N/A Cr), City Union Bank Limited (₹N/A Cr), CSB Bank Limited (₹N/A Cr), DBS Bank India Limited (₹N/A Cr), Dhanlaxmi Bank Limited (₹N/A Cr), ESAF Small Finance Bank Limited (₹N/A Cr), Federal Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Jana Small Finance Bank Limited (₹N/A Cr), Karnataka Bank Limited (₹N/A Cr), Karur Vysya Bank Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), MUDRA Bank (₹N/A Cr), Nabsamruddhi Finance Limited (₹N/A Cr), Proposed (₹N/A Cr), Small Industries Development Bank of India (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Suryoday Small Finance Bank Limited (₹N/A Cr), UCO Bank (₹N/A Cr), Ujjivan Small Finance Bank Limited (₹N/A Cr), Utkarsh Small Finance Bank Limited (₹N/A Cr), Woori Bank (₹N/A Cr), Yes Bank Limited (₹N/A Cr). Peers and comparison entities consist of Ikf Finance Limited, Bajaj Finserv, Jio Financial, Bajaj Holdings, Shriram Finance, Muthoot Finance, I K F Finance. Key strengths include: Long and established track record of operations; Well-defined credit policy and improving MIS system; Healthy profitability profile; Moderately diversified resource profile with an inclination towards banks; Comfortable capitalisation supported by further capital raise in FY23 and 9MFY24; Improving scale of operations; Liquidity: Adequate. Key risks include: Geographical concentration of portfolio; Exposure to high-ticket SME financing and loans to NBFCs; Moderate asset quality characterised by high delinquency in softer buckets. Leadership team details include Vupputuri Gopala Kishan Prasad (Founder and Chairman), Vasumathi Devi Koganti (Managing Director), Chapalamadugu Sreenivasa Rao (CFO and Company Secretary), Rama Raju (CEO), Paruchuri Chandra Sekhar (Vice President), Raghuram K (National Sales Manager), Chakrapani Gollamudi (National Credit Head), H Srinivas (National Collections Head), K Srinivasa Satya Prasanna Krishna (National Legal Manager). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.