💰 Financial Performance

Revenue Growth by Segment

Total turnover amounted to INR 148.43 Crores, representing a 35.48% decrease from INR 230.07 Crores in the previous year. Interest income contributed INR 6.65 Crores to the total revenue.

Geographic Revenue Split

The company is a leading financial management and advisory services firm in the Eastern region of India, specifically West Bengal. Specific percentage split per region is not disclosed.

Profitability Margins

Net Profit Ratio stood at 2.44%. Return on Equity (ROE) and Return on Investment (ROI) were both 2.90%, while Return on Capital Employed (ROCE) was 3.57%.

EBITDA Margin

Core profitability is reflected in a Profit Before Tax (PBT) of INR 3.82 Crores. Specific EBITDA margin percentage is not disclosed.

Capital Expenditure

The company raised INR 31.78 Crores through the allotment of 6,835,000 warrants to fund business enlargement, technology, human resources, and infrastructure. INR 9.93 Crores has already been received from the conversion of 2,135,000 warrants into equity.

Credit Rating & Borrowing

Debt-Equity Ratio is exceptionally low at 0.03. Borrowing costs are influenced by the RBI's benchmark rate reduction of 115 basis points.

⚙️ Operational Drivers

Raw Materials

As a financial services company, the primary 'raw material' is capital/funds. Secondary operational inputs include computers, customized software, and office infrastructure funded by the INR 31.78 Cr warrant issue.

Import Sources

Not applicable for financial services.

Key Suppliers

Not applicable for financial services.

Capacity Expansion

Not applicable for financial services; however, the company is expanding its service capacity by diversifying into PMS, Insurance Broking, and Merchant Banking.

Raw Material Costs

Not disclosed as a percentage of revenue; however, 'High cost of funds' is identified as a primary threat to operational margins.

Manufacturing Efficiency

Not applicable for financial services.

Logistics & Distribution

Not applicable for financial services.

📈 Strategic Growth

Expected Growth Rate

14.25%

Growth Strategy

Growth will be achieved by diversifying the product portfolio into secured financing, PMS, Insurance Broking, and Merchant Banking. The company is utilizing INR 31.78 Cr in new capital to invest in technology and infrastructure while shifting focus toward high-yield equity investments and recovering non-performing assets.

Products & Services

Lending and financing solutions, Equity Investments, Inter-Corporate Deposits (ICDS), Bill Discounting, and advisory services.

Brand Portfolio

IGFL (Inter Globe Finance Limited).

New Products/Services

Planned launches include Portfolio Management Services (PMS), Insurance Broking, and Merchant Banking to create a full spectrum of financial products.

Market Expansion

Expansion is targeted toward rural economies and diversifying the spectrum of financial products under the IGFL umbrella.

Market Share & Ranking

Leading financial management company in the Eastern region; specific market share percentage not disclosed.

🌍 External Factors

Industry Trends

The NBFC sector is evolving through digital lending innovations and is projected to reach an AUM of INR 53.7 trillion by March 2025, driven by demand from MSMEs and retail segments.

Competitive Landscape

Faces stiff competition from both the banking sector and other NBFCs, particularly in the MSME and secured financing segments.

Competitive Moat

The moat consists of a knowledge-driven organizational structure and a transparent, speedy documentation process that allows for faster credit delivery than conventional corporate lenders. This is sustainable due to institutionalized expertise in the Eastern region.

Macro Economic Sensitivity

Highly sensitive to interest rate cycles; the 115 bps rate cut by the RBI is expected to enhance loan eligibility and disposable income for clients.

Consumer Behavior

Increasing demand for easy finance with hassle-free documentation from bank-excluded customers and small local borrowers.

Geopolitical Risks

Global uncertainties, trade disruptions, and energy price volatility are noted as potential risks to the broader Indian macroeconomic stability.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI directions, guidelines, and circulars applicable to Non-Deposit taking Non-Banking Financial Companies (NBFC-ND) classified as 'Loan Companies'.

Environmental Compliance

Not applicable for the company's core financial operations.

Legal Contingencies

The Board periodically reviews legal compliance reports; however, no specific values for pending court cases or tax disputes were disclosed.

⚠️ Risk Analysis

Key Uncertainties

Non-performing assets (NPAs) and high cost of funds are the primary business risks, with potential to impact net profit margins by over 25% if not managed.

Geographic Concentration Risk

High concentration in West Bengal and the Eastern region of India.

Third Party Dependencies

Dependency on non-promoter warrant holders for capital conversion; INR 9.93 Cr has been realized from this group so far.

Technology Obsolescence Risk

The company is mitigating technology risks by investing a portion of its INR 31.78 Cr capital raise into customized software and digital infrastructure.

Credit & Counterparty Risk

Credit risk is managed through a focus on secured financing and active steps for the recovery of non-performing loans.