ICL Fincorp Limited Unlisted Shares Financial Reports

Access detailed financial statements and quarterly reports

← Back to ICL Fincorp Limited Unlisted Shares

Financial Statements & Reports

Access comprehensive financial reports and statements for ICL Fincorp Limited Unlisted Shares

ICL Fincorp Limited Unlisted Shares

Financial Year: 2024

Independent Auditor's Report on the Standalone and Consolidated Financial Results of ICL Fincorp Limited **Opinion:** Manikandan & Associates, Chartered Accountants, audited the standalone and consolidated financial results of ICL Fincorp Limited for the quarter and year ended March 31, 2024. The audit was conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of the Companies Act 2013. The auditors expressed an unqualified opinion stating that the standalone and consolidated financial statements present a true and fair view in conformity with the recognition and measurement principles laid down in applicable accounting standards, RBI guidelines, and other accounting principles generally accepted in India. The financial statements are also in compliance with Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. **Basis for Opinion:** The audit was conducted in accordance with Standards on Auditing (SAs). The auditors are independent of ICL Fincorp Limited and have fulfilled their ethical responsibilities. They believe that the audit evidence obtained is sufficient and appropriate to provide a basis for their opinion. **Board of Directors' Responsibility:** The Board of Directors is responsible for preparing the standalone and consolidated financial statements, maintaining adequate accounting records, selecting appropriate accounting policies, making reasonable and prudent judgments and estimates, and designing, implementing, and maintaining adequate internal financial controls. The Board is also responsible for assessing the company's ability to continue as a going concern and overseeing the financial reporting process. **Auditor's Responsibilities:** The auditor's objectives are to obtain reasonable assurance about whether the standalone and consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes their opinion. The auditor exercises professional judgment and maintains professional skepticism throughout the audit. They identify and assess the risks of material misstatement, design and perform audit procedures, and obtain audit evidence. The auditor also obtains an understanding of internal control relevant to the audit and evaluates the appropriateness of accounting policies and the reasonableness of accounting estimates. **Other Matters:** The standalone and consolidated statements include the results for the quarter ended March 31, 2024, and March 31, 2023, being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2024, and March 31, 2023, and the published unaudited year-to-date figures up to the third quarter of the financial year ended March 31, 2024 and March 31, 2023, respectively, which were subjected to limited review. The auditor's opinion is not modified in respect of this matter. **Standalone Financial Results (in Lacs):** * **Total Income:** ₹3,499.16 for the quarter ended March 31, 2024, and ₹14,357.35 for the year ended March 31, 2024. * **Total Expenses:** ₹3,614.48 for the quarter ended March 31, 2024, and ₹14,075.23 for the year ended March 31, 2024. * **Profit Before Tax:** ₹(115.32) for the quarter ended March 31, 2024, and ₹282.13 for the year ended March 31, 2024. * **Profit After Tax:** ₹(92.82) for the quarter ended March 31, 2024, and ₹190.33 for the year ended March 31, 2024. * **Total Comprehensive Income:** ₹(86.97) for the quarter ended March 31, 2024, and ₹189.92 for the year ended March 31, 2024. * **Paid-up Equity Share Capital:** ₹4,979.36 as of March 31, 2024. * **Earnings Per Equity Share:** ₹(0.19) for the quarter ended March 31, 2024, and ₹0.40 for the year ended March 31, 2024. **Consolidated Financial Results (in Lacs):** * **Total Income:** ₹3,555.05 for the quarter ended March 31, 2024, and ₹14,569.43 for the year ended March 31, 2024. * **Total Expenses:** ₹3,821.14 for the quarter ended March 31, 2024, and ₹14,464.40 for the year ended March 31, 2024. * **Profit Before Tax:** ₹(266.09) for the quarter ended March 31, 2024, and ₹105.03 for the year ended March 31, 2024. * **Profit After Tax:** ₹(245.60) for the quarter ended March 31, 2024, and ₹8.08 for the year ended March 31, 2024. * **Total Comprehensive Income:** ₹(239.70) for the quarter ended March 31, 2024, and ₹8.11 for the year ended March 31, 2024. * **Paid-up Equity Share Capital:** ₹4,979.36 as of March 31, 2024. * **Earnings Per Equity Share:** ₹(0.49) for the quarter ended March 31, 2024, and ₹0.02 for the year ended March 31, 2024. **Key Ratios:** (Standalone and Consolidated) These include Debt-Equity Ratio, Debt-Service Coverage Ratio, Interest Service Coverage Ratio, Net Worth, and Capital Adequacy Ratio, among others, as per regulatory requirements. Specific values are provided for both standalone and consolidated results as of March 31, 2024, and March 31, 2023 in Annexure 1 of the document. For example, the standalone debt-equity ratio is 4.94, and the consolidated debt-equity ratio is 5.05. The capital adequacy ratios are 14.99% (standalone) and 15.99% (consolidated).

View Report

PDF

Company Resources

Access essential information and documents to make informed investment decisions

Events

Stay updated with upcoming events, conferences, and announcements

Financial Reports

Access quarterly and half-yearly financial statements and reports

Currently viewing

Annual Reports

Download comprehensive annual reports and financial summaries

Presentations

Access investor presentations, corporate briefings, and slideshows

Our Blogs

Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.

NSDL Unlisted Shares SWOT Analysis

NSDL, India’s pioneering depository, combines institutional dominance with robust digital public infrastructure capabilities. As it approaches listing, its strengths in high-margin revenues and regulatory trust are offset by retail underpenetration and emerging fintech threats.

NSDL Pre-IPO Price Band Analysis: Projecting Listing Valuations Across P/E Scenarios

NSDL’s pre-IPO grey-market valuation implies a 63.3× trailing P/E, but actual listing prices could swing widely depending on investor confidence, regulatory clarity, and execution on digital and banking ventures. Scenario modeling across 55× to 75× forward P/E multiples shows a potential price range of ₹1,103–₹1,504, offering a roadmap for assessing risk-adjusted upside.

Unlisted NSDL Shares vs CDSL: Do Future Earnings Justify the Valuation?

NSDL’s rich unlisted valuation reflects its institutional edge, digital infrastructure revenues, and upside from its Payments Bank, but post-IPO, some premium may normalize. With CDSL riding strong retail growth and expanding fintech partnerships, the valuation gap could narrow as earnings converge over FY26–27.

Can NSE Be the Next Big Story on Its Listing, Similar to BSE?

NSE’s upcoming IPO has investors drawing parallels with BSE’s explosive post-listing returns, backed by its FY25 financial strength, market dominance, and rising retail interest. With key governance issues addressed, NSE’s listing could unlock significant shareholder value—potentially outpacing BSE’s success.

NSE Unlisted Shares: Do They Fit Warren Buffett’s Toll Road Investment Framework?

The NSE’s FY25 performance exemplifies Warren Buffett’s toll road investment philosophy, showcasing dominant market share, recurring revenues, high margins, and systemic indispensability. Its monopoly-like presence in India’s financial ecosystem makes it a resilient, high-quality long-term asset.

NSE vs BSE: FY25 Financial Performance Analysis

In FY25, NSE outpaced BSE across all key financial metrics, driven by its dominance in derivatives, diversified revenue streams, and superior cost efficiency. While BSE showed growth in mutual funds and SME platforms, it continues to trail NSE in scale and profitability.