IIFL Capital Services Limited, formerly known as IIFL Securities Limited, was incorporated in 1996 as a broking arm of the IIFL Group. The company provides retail and institutional equities, financial products distribution, commodity broking, currency broking, investment banking, financial planning, and wealth management services to retail and institutional customers across India, serving over 2.4 million customers across 500 cities in India.
IIFL Capital Services Limited is part of the IIFL Group, a leading financial services player and a diversified NBFC. The company underwent a significant transformation in 2018 when the company board approved the Composite Scheme of Arrangement to demerge the Securities Business Undertaking of IIFL Finance Limited into the Company. This was sanctioned by the Hon'ble National Company Law Tribunal (NCLT) and came into effect on April 1, 2018.
The Company's business is to provide capital market services in primary and secondary market. Its segments include Capital market activity, Insurance broking and ancillary, and Facility & ancillary. The Capital market activity segment includes distribution of financial services spaces offering capital market services such as equity broking, currency broking, commodity broking, depository participant services, merchant banking business, and third-party financial product distribution services.
The Insurance broking and ancillary segment includes Insurance broking and wellness services. The Facility & ancillary segment includes facilities and ancillary services including real estate broking and other advisory services. The company also offers portfolio management services (PMS), alternative investment funds (AIFs), and other investment products.
The company's service portfolio spans across comprehensive financial solutions including equities trading, derivatives, commodities, mutual fund investments, IPO services, and advanced trading platforms. IIFL Capital Services Limited holds multiple regulatory registrations including Stock Broker SEBI Registration No: INZ000164132, PMS SEBI Registration No: INP000002213, IA SEBI Registration No: INA000000623, DP SEBI Registration No. IN-DP-185-2016, and SEBI RA Registration No: INH000000248.
The market capitalization of IIFL Capital Services Ltd (IIFLCAPS) is ₹10,810.59 Crore as of June 30, 2025, with another source indicating Market Cap ₹10,683 Crore. The company has demonstrated strong financial performance across multiple quarters.
Q3 FY2025 Performance:
- Revenue jumped 11.02% year-on-year to ₹646.45 Crore in Q3 FY2024-2025, while net profit jumped 31.46% year-on-year to ₹197.14 Crore in Q3 FY2024-2025.
- Net profit margin jumped 18.41% year-on-year to 30.50% in Q3 FY2024-2025.
Full Year FY2025 Performance:
- For the full year, net profit rose 39.04% to ₹712.34 Crore in the year ended March 2025, as against ₹512.34 Crore during the previous year ended March 2024. Sales rose 11.28% to ₹2,405.02 Crore in the year ended March 2025, as against ₹2,161.28 Crore during the previous year ended March 2024.
Investment Banking: Investment Banking revenues were up 60% year-on-year to ₹88 Crore. Fourteen deals were consummated during the quarter ended December 31, 2024.
Financial Products Distribution: Financial products distribution (FPD) revenues was up by 7% year-on-year to ₹107 Crore. FPD AUM stood at ₹30,457 Crore.
Assets Under Management: As at end December 2024, distribution & custody assets under management stood at ₹2,44,810 Crore.
CRISIL Ratings has reaffirmed its 'CRISIL AA-/Stable/CRISIL A1+' ratings on bank loan facilities and commercial paper of IIFL Capital Services Limited, with the rating continuing to reflect the strong market position of IIFL Capital in the broking sector.
The company is classified under Financial Services - Capital Markets Stockbroking & Allied and is part of BSE SmallCap, BSE Allcap, BSE Financial Services, Nifty Microcap 250, and Nifty Total Market indices.
Promoter holding in IIFL Capital Services Ltd has decreased to 30.70% as of March 2025 from 30.88% as of June 2024. The company has been actively issuing equity shares under ESOS, with recent allotments including 52,970 equity shares in February 2025, increasing the equity base from 309,779,644 to 309,832,614 equity shares of ₹2/- each.
In the quarter ending December 2024, IIFL Capital Services Ltd declared a dividend of ₹3, translating to a dividend yield of 1.84%. The current dividend yield of IIFL Capital Services Ltd (IIFLCAPS) is 0.85.
Management has indicated that business momentum remained positive across all segments with a record number of investment banking deals, sustained growth in cross-sell assets and better margin mix. The deal pipeline remains robust. Scaling up technological capabilities and the wealth management business remain key areas of focus.
The company's Institutional broking and Investment banking franchise has significantly improved their competitive position with stellar operating performance. Indian capital market businesses are expected to continue witnessing secular growth given multiple tailwinds over the next decade.
IIFL Capital Services Ltd stands as a comprehensive financial services provider with strong market positioning, diversified revenue streams, and robust growth prospects in India's expanding capital markets landscape.
