Consolidated Finvest & Holdings Ltd, part of the B. C. Jindal Group, is a Systemically Important Non-Deposit Taking Non-Banking Financial Company. Its primary business activities include investing in shares, stocks, bonds, debentures, mutual funds, inter-corporate deposits, and providing loans. Formerly known as Jindal Photo Limited, the company was incorporated in March 2004. It functions as a Core Investment Company (CIC), primarily focused on holding investments in the securities of group companies and offering management consultancy services. As of May 30, 2025, the company operates with a market capitalization of Rs. 651.27 Cr, classifying it as a Small Cap company.
Consolidated Finvest & Holdings Ltd (Formerly known Jindal Photo Limited) was incorporated in March 2004. Initially, the company was involved in the manufacture of a wide range of photographic products, supported by technical assistance and raw materials from Fuji Photo Films, Japan.
The company has undergone significant transformations. In June 2012, its Investment Division was demerged into Jindal Photo Investments & Finance Limited through a Scheme of Demerger. Subsequently, in the 2015-16 financial year, the Photographic Division was demerged into Jindal Poly Films Limited, effective from April 1, 2004. Today, it operates as a Core Investment Company (CIC) focused on investments and management consultancy.
The company demonstrates a robust financial standing, characterized by several attractive financial metrics. It is almost debt-free, which provides significant financial stability and flexibility for its investment operations.
- P/E Ratio: 6.41
- P/B Ratio: 1.42
- Market Cap: Rs. 651.27 Cr
- 52-week High: Rs. 249.00
- 52-week Low: Rs. 160.00
The company has exhibited strong profitability trends in recent quarters.
- For the quarter ended December 2024 (Q3 FY24-25), net profit rose by 54.20% to Rs 15.22 crore compared to Rs 9.87 crore in the previous quarter ended December 2023. However, sales saw a slight decline of 1.73% to Rs 14.16 crore in Q3 FY24-25 against Rs 14.41 crore in Q3 FY23-24.
- In Q2 FY24-25 (ended September 2024), net profit surged by 374.45% to Rs 47.16 crore from Rs 9.94 crore in the corresponding quarter of the previous year. Sales increased by 22.04% to Rs 16.72 crore in Q2 FY24-25 compared to Rs 13.70 crore in Q2 FY23-24.
- For Q1 FY24-25 (ended June 2024), net profit increased by 122.05% to Rs 22.96 crore from Rs 10.34 crore in Q1 FY23-24. Sales grew by 4.28% to Rs 14.38 crore in Q1 FY24-25 compared to Rs 13.79 crore in Q1 FY23-24.
The company has shown strong profitability with a Trailing Twelve Months (TTM) profit after tax of Rs 102 Cr.
Consolidated Finvest & Holdings Limited is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India and is part of the B. C. Jindal Group. Its core business involves investments in shares, stocks, bonds, debentures, mutual funds, inter-corporate deposits, and providing loans. The company operates in the lending and investment segments, primarily focusing on group companies and diversified financial instruments.
The company maintains a stable ownership structure. The promoters, Concatenate Advest Advisory Pvt Ltd and Futuristic Trust (represented by Trustees Shyam Sunder Jindal and Subhadra Jindal), collectively hold 73.73% of the total equity. There is no promoter pledging observed in Consolidated Finvest & Holdings Ltd. Promoter holding has remained consistent, reported at 74.89% as of March 2025 and June 2024.
The stock has experienced some downward pressure recently.
- Last 1 Month: Share price moved down by 20.43% on NSE.
- Last 3 Months: Share price moved down by 9.78% on NSE.
- Last 12 Months: Share price moved down by 28.96% on NSE.
- Last 3 Years: Share price moved up by 9.68% on NSE.
From a valuation standpoint, the stock appears attractively priced. As of May 30, 2025, its P/B ratio of 0.69 times represents a 57% discount to the median P/B ratio of its peers (1.62 times). Similarly, its P/E ratio of 6.41 times is a 70% discount to the median P/E ratio of its peers (21.34 times).
The company has demonstrated strong revenue growth over the medium term. Over the last 5 years, revenue has grown at a compound annual rate of 41.35%, significantly outperforming the industry average growth of 12.62%.
Consolidated Finvest & Holdings Ltd (CONSOFINVT) operates within the Financials sector, specifically in the Asset Management sub-sector. Its diversified investment strategy across various financial instruments creates multiple revenue streams and helps in distributing risk across different asset classes. The company's strategic evolution from a manufacturing entity to a focused financial services firm has enabled it to leverage India's growing financial markets, benefiting from the established relationships and expertise within the B.C. Jindal Group ecosystem.
