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Company Overview
ICL Fincorp Ltd., established in 1999 under the Companies Act 1956, is a leading financial services company specializing in non-banking financial services (NBFC) in South India.
Background and Leadership
- Establishment: Founded in 1999, started as a financial services provider.
- Leadership: Led by Chairman and Managing Director, Mr. K G Anilkumar.
- Expansion: Entered the NBFC sector with the approval of the Reserve Bank of India.
Branch Network
- First Branch: Established in Annamanada, Thrissur District on 20/4/2013.
- Current Branches: Over 140 branches across South India.
- Expansion Plan: Aims to achieve 1000 branches across India by the end of 2022.
Presence and Affiliates
- Geographical Presence: Operations in Kerala, Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh.
- Affiliated Concerns: Includes ICL Chits Ltd, ICL Tour and Travels P. Ltd, ICL Medilab P Ltd, and Snow View Tex Collections P Ltd.
Fundamentals
| Metric | Value | Metric | Value |
|---|---|---|---|
| Current Price | ₹ 26 | Debt to Equity | 3.78 |
| Market Cap (in Cr.) | ₹ 123 | Face Value | ₹ 10 |
| Book Value | ₹ 19 | ROE (%) | 3.78 |
| P/B Ratio | 1.35 | P/E Ratio | 40.63 |
| PAN Number | AAACJ1806C | EPS | ₹ 0.64 |
| ISIN | INE01CY01013 | No. Of Shares (in Cr.) | 4739 |
Promoters & Managements
| Name | Designation |
|---|---|
| K G Anilkumar | Chairman & MD |
| Uma AnilKumar | CEO |
| Madhavankutty T | CFO |
| Year | 2022 | 2023 |
|---|---|---|
| Interest Earned | 8737 | 11219 |
| Other Income | 206 | 45 |
| Interest Expended | 3873 | 4706 |
| Operating Expenses | 4699 | 6067 |
| Provisions and Contingencies | -1.64 | 67 |
| PAT (Profit After Tax) | 271 | 304 |
| EPS (Earnings Per Share) | 0.61 | 0.64 |
| Gross NPA (Non-Performing Assets) | 0 | 5.2 |
| Net NPA (Non-Performing Assets) | 1.9 | 3.52 |
| Advances | 35168 | 40304 |
| Book Value | 18.27 | 19.27 |
| P/B (Price to Book ratio) | 1.42 | 1.45 |
| ROE (%) (Return on Equity) | 3.35 | 3.33 |
Assets:
| Asset Category | 2022 | 2023 |
|---|---|---|
| Fixed Assets | 2458 | 3255 |
| Cash and Balances | 1928 | 1511 |
| Investments | 412 | 471 |
| Advances | 35168 | 40304 |
| Other Assets | 5898 | 7225 |
| Total Assets | 45864 | 52766 |
Liabilities:
| Liability Category | 2022 | 2023 |
|---|---|---|
| Share Capital | 4433 | 4739 |
| Face Value | 10 | 10 |
| Reserves | 3665 | 4394 |
| Borrowings | 29627 | 34540 |
| Deposits | 0 | 0 |
| Other Liabilities | 8139 | 9093 |
| Total Liabilities | 45864 | 52766 |
| Year | 2022 | 2023 |
|---|---|---|
| PBT (%) | 372 | 424 |
| OPBWC (Operating Profit Before Working Capital Changes) | 1587 | 2289 |
| Term Deposit | 0 | 0 |
| Change in Investment | -124 | -59 |
| Change in Advances | -4957 | -5203 |
| Change in Deposit | 0 | 0 |
| Other Changes | 37 | 314 |
| Working Capital Change | -5044 | -4948 |
| Cash Generated From Operations | -3457 | -2659 |
| Tax | 145 | 140 |
| Cash Flow From Operations | -3602 | -2799 |
| Purchase of PPE (Property, Plant, and Equipment) | -1726 | -1487 |
| Sale of PPE | 3 | 0 |
| Purchase of Investment | 0 | 0 |
| Sale of Investments | 27 | -4 |
| Others | -431 | -65 |
| Cash Flow from Investment | -2127 | -1556 |
| Proceeds from Borrowing | 2476 | 5612 |
| Repayment of Borrowing | 0 | -699 |
| Dividend | -1 | 0 |
| Proceeds from Equity | 0 | 765 |
| Others From Financing | 3524 | -1719 |
| Cash Flow from Financing | 5999 | 3959 |
| Net Cash Generated | 270 | -396 |
| Cash at the Start | 1103 | 1375 |
| Cash at the End | 1373 | 979 |
Share Holding Pattern
| Shareholder Type | 2022 | 2023 |
|---|---|---|
| Promoters | 46.25% | 45.37% |
| Indian Resident | 51.07% | 52.20% |
| Others | 2.68% | 2.43% |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the ICL Fincorp shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your ICL Fincorp shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the ICL Fincorp shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your ICL Fincorp shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for ICL Fincorp Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from ICL Fincorp most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of ICL Fincorp Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted ICL Fincorp shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
