ICL Fincrop Limited
-3.7 % 1 MAbout ICL Fincrop Limited
A Comprehensive Overview of Price & Journey
Understanding ICL Fincrop Limited Inception and Growth
Overview of ICL Fincorp Unlisted Shares
ICL is among India’s fastest-growing gold loan financing companies. Committed to financial inclusion and societal well-being, and was incorporated in 1991. It strives to empower underserved communities by providing accessible gold-backed credit solutions. The Company is a leading Non-Banking Financial Company engaged in the business of providing gold and business loan products for the past 32 years.
With pan-India ambitions, the company’s operations span the states of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat, and Maharashtra.
The company has a strong in-house team of professionals specifically dedicated to gold appraisal, ensuring that the valuation of the customers' gold is precise, transparent, and impartial. As part of its commitment to regulatory standards, the company adheres to strict KYC procedures.
The organization is headed by Mr. K.G. Anilkumar, Chairman and Managing Director, and a dynamic businessman with around 35 years of rich experience in the financial sector. In April 2013, the Company opened its 1st branch in Annamanada and has now expanded to 292 branches.
Services Offered
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Gold Loan
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Business Loan
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Health Insurance
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Vehicle Loan
Board of Directors
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Mr. K.G. Anilkumar, Chairman & Managing Director
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Mrs. Umadevi Anilkumar, Whole-Time Director
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Mr. K. K. Wilson, Director
-
CS Shinto Stanley, Independent Director
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Mr. Sreejith S. Pillai, Director
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Mr. A. A. Balan, Independent Director
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Mr. M. N. Gunavardhanan, Independent Director
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Dr. Rajashree Ajith, Whole-Time Director
IPO Details
There is no information provided by the company regarding the IPO plans.
Listing Status
DRHP Not Filed
Dividend Details
The Board of Directors recommended a dividend of Rs.15 per annum on 2,84,000 15% Redeemable Cumulative Preference Shares of Rs.100 each
for the financial year ending March 31, 2024.
The Board of Directors has decided not to recommend any dividend on Equity Shares for the financial year ending March 31, 2024.
Right Issue
ICL Fincorp is offering a rights issue in the ratio of 2 for 5 shares @ 25/share
Registered Office
The Registered office of the company is in Chennai, Tamil Nadu, India.
Subsidiaries
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Salem Erode Investments Limited
ICL Fincorp Share Price & Market Position
Investors interested in ICL Fincorp Limited's share price can observe that the unlisted shares of the company have potential investment prospects. ICL Fincorp's share price in the unlisted market can fluctuate, but monitoring its financials and growth plans would give an idea of its valuation.
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Overview of ICL Fincorp Unlisted Shares
ICL is among India’s fastest-growing gold loan financing companies. Committed to financial inclusion and societal well-being, and was incorporated in 1991. It strives to empower underserved communities by providing accessible gold-backed credit solutions. The Company is a leading Non-Banking Financial Company engaged in the business of providing gold and business loan products for the past 32 years.
With pan-India ambitions, the company’s operations span the states of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Odisha, Gujarat, and Maharashtra.
The company has a strong in-house team of professionals specifically dedicated to gold appraisal, ensuring that the valuation of the customers' gold is precise, transparent, and impartial. As part of its commitment to regulatory standards, the company adheres to strict KYC procedures.
The organization is headed by Mr. K.G. Anilkumar, Chairman and Managing Director, and a dynamic businessman with around 35 years of rich experience in the financial sector. In April 2013, the Company opened its 1st branch in Annamanada and has now expanded to 292 branches.
Services Offered
-
Gold Loan
-
Business Loan
-
Health Insurance
-
Vehicle Loan
Board of Directors
-
Mr. K.G. Anilkumar, Chairman & Managing Director
-
Mrs. Umadevi Anilkumar, Whole-Time Director
-
Mr. K. K. Wilson, Director
-
CS Shinto Stanley, Independent Director
-
Mr. Sreejith S. Pillai, Director
-
Mr. A. A. Balan, Independent Director
-
Mr. M. N. Gunavardhanan, Independent Director
-
Dr. Rajashree Ajith, Whole-Time Director
IPO Details
There is no information provided by the company regarding the IPO plans.
Listing Status
DRHP Not Filed
Dividend Details
The Board of Directors recommended a dividend of Rs.15 per annum on 2,84,000 15% Redeemable Cumulative Preference Shares of Rs.100 each
for the financial year ending March 31, 2024.
The Board of Directors has decided not to recommend any dividend on Equity Shares for the financial year ending March 31, 2024.
Right Issue
ICL Fincorp is offering a rights issue in the ratio of 2 for 5 shares @ 25/share
Registered Office
The Registered office of the company is in Chennai, Tamil Nadu, India.
Subsidiaries
-
Salem Erode Investments Limited
ICL Fincorp Share Price & Market Position
Investors interested in ICL Fincorp Limited's share price can observe that the unlisted shares of the company have potential investment prospects. ICL Fincorp's share price in the unlisted market can fluctuate, but monitoring its financials and growth plans would give an idea of its valuation.
About ICL Fincrop Limited
IPO Details, Price movement
Performance Highlights for the FY 2023-24
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Gold Loan AUM rose to Rs. 465 crores in FY24, up from Rs. 392 crores in FY23.
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The company generated its revenue from operations from two sources: one source is through interest income, and another source is Revenue from financial services.
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The revenue from operations for FY24 was Rs. 143 Crores, and in FY23, it was Rs. 113 Crores, an increase of 27%.
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The revenue from interest income involve two major components, Interest on Loan and Interest on Fixed Assets and the revenue from them in FY24 was Rs. 140 Crores and 0.42 Crores respectively and in FY23 the revenue from them was Rs. 110 Crores and 0.13 Crores respectively and here it can be seen that the one of the reason of increase in revenue is due to increase in interest income for the company and it showing upward trend.
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The revenue from financial services also involve two major components, Income From Money Transfer Fees and Service Charges Received, and the revenue from both of them in FY24 was Rs. 0.72 Crores, and in FY23, the revenue from them was Rs. 0.85 Crores and this source doesn't have much impact on revenue.
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The Profit for FY24 was Rs. 0.08 Crores, and in FY23, it was Rs. 3.03 Crores, so here, despite the increase in revenue, the company generated lesser profits than the previous year.
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The company spent Rs. 49.30 Crores in operating activities, Rs. 19.97 Crores on investing activities, and both activities showed cash outflow, but there is cash inflow in Financing activities of Rs. 74.59 Crores.
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The return on average loan assets stood at 0.85% in 2023 24, against 0.62% in 2022-23.
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Interest yield was 32.55%, as compared to 29.96% in 2022-23. Net interest margin was 19.32%, as against 17.01% in 2022-23.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 88.48 | 113.08 | 143.16 |
| Other Income | 0.95 | -0.44 | 2.54 |
| Gross Profit | 89.43 | 112.64 | 145.69 |
| Total Expense | 38.98 | 50.32 | 74.68 |
| EBIDTA | 50.46 | 62.32 | 71.02 |
| D&A | 8.00 | 11.02 | 13.23 |
| EBIT | 42.45 | 51.30 | 57.79 |
| Interest Expense | 38.73 | 47.06 | 56.74 |
| PBT | 3.72 | 4.24 | 1.05 |
| TAX | 1.01 | 1.20 | 0.97 |
| PAT | 2.71 | 3.04 | 0.08 |
| Diluted EPS | 0.61 | 0.64 | 0.02 |
| Basic EPS | 0.61 | 0.64 | 0.02 |
| Total income | 89.43 | 112.64 | 145.70 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and Cash Equivalents | 13.75 | 9.79 | 15.11 |
| Other Current Assets | 387.03 | 447.37 | 530.06 |
| Total Current Assets | 400.78 | 457.16 | 545.17 |
| NON CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Plant Property and Equipment | 32.62 | 44.36 | 64.50 |
| Other Non Current Assets | 25.27 | 26.05 | 28.29 |
| Total Non Current Assets | 57.89 | 70.41 | 92.79 |
| Total Assets | 458.67 | 527.57 | 637.96 |
|---|
| CURRENT LIABILITES | 2022 | 2023 | 2024 |
|---|---|---|---|
| TRADW Payable | 1.04 | 1.44 | 4.17 |
| Other Current Liab | 370.01 | 427.48 | 529.74 |
| NON CURRENTLIABILITIES | 2022 | 2023 | 2024 |
|---|---|---|---|
| Other Non Current Liab | 6.60 | 7.41 | 7.05 |
LIABILITIES
| EQUITY | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 44.33 | 47.39 | 49.79 |
| Other Equity | 36.65 | 43.94 | 47.19 |
| Total Equity | 80.98 | 91.33 | 96.98 |
| Total Liabilities & Equity | 80.98 | 91.33 | 96.98 |
|---|
| CASH FLOW STAT | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Cash Flow from operating | - | -36.01 | -27.99 | -49.30 |
| Cash Flow from financing | - | 59.94 | 39.60 | 74.59 |
| Cash Flow from investing | - | -21.27 | -15.56 | -19.97 |
| Net cash flow | 0.00 | 2.66 | -3.95 | 5.32 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Frequently Asked Questions
- The lockin period is of 6 months for pre-ipo investors i.e. they cannot sell their shares for 6 months after they get listed. However, they can definitely sell the shares in pre-ipo market before they get listed.
- With BharatInvest, you can now invest in unlisted/pre-ipo shares with as low as 25-50k depending upon the share.
- 1. You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
- 2. Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
- The value of share in unlisted space is determined in the same way as it is done in listed market. Demand and supply decide the price of any share. If the demand more than the supply, then the prices of the share increases and vice versa.
- When a new shares is introduces in the unlisted space, the value of the company is decided upon the last funding raised by company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
- A Public Unlisted Shares Is Not Listed on Stock Exchange, Where as a Listed Public Company Is Listed On Stock Exchange Such As BSE Or NSE For Trading Of Shares.
- If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unli sted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
- If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 12.5% without indexation benefits.
- After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
- Absoluetly NOT! Grey market is all about speculation relation to open price, subscription rate etc. And does not include physical delivery of shares. Whereas in pre ipo market you get to invest in shares much before the ipo too and it involves physical delivery of shares. It is compeletly legal and does not include any such speculation.
- Existing stakeholders, promoters or employees who have equity shares of an unlisted company and early investors who wish to get value of their investment.
- Yes, investing in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market.