Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹27 Cr.
Stock P/E
3.9
P/B
0.7
Current Price
₹14.8
Book Value
₹ 22
Face Value
10
52W High
₹18.7
52W Low
₹ 8.7
Dividend Yield
0%

Intec Capital Overview

Business

Intec Capital Ltd. is an India-based non-banking financial company (NBFC). Its core business involves providing various financial services, primarily focused on lending. The company offers a range of loan products, including working capital loans, term loans, and equipment financing, largely catering to small and medium-sized enterprises (SMEs) and sometimes individuals. It generates revenue primarily through the interest income earned on the loans and advances it provides, as well as fees for financial services.

Revenue Mix

While specific granular segment breakdowns may vary in public disclosures, Intec Capital typically operates within the broader lending categories common to NBFCs. Its revenue mix is predominantly driven by:

Loan Interest Income: From various loan products offered to its clientele (SMEs, potentially retail).

Fees and Other Income: From processing fees, service charges, and other financial activities.

Given its NBFC nature, the vast majority of its revenue will stem from interest income on its loan book.

Industry

Intec Capital operates within the highly competitive and regulated Indian NBFC sector. This industry is characterized by a large number of players, ranging from large diversified NBFCs to smaller, niche-focused entities. The sector plays a crucial role in India's financial system by providing credit to segments underserved by traditional banks. Intec Capital is considered a relatively smaller player within this landscape, competing with other mid-sized and regional NBFCs, as well as larger banks and financial institutions, for market share, funding, and customers. Its positioning likely relies on specific regional presence, customer relationships, or niche lending expertise rather than broad market dominance.

MOAT

Intec Capital, being a smaller NBFC, likely has a limited durable competitive advantage. Potential advantages, if any, could stem from:

Niche Expertise: Specialization in a particular asset class or customer segment (e.g., specific SME industries) where it has developed expertise and client relationships.

Regional Focus: Strong local presence and understanding of specific regional markets, allowing for better credit assessment and relationship building.

Customer Relationships: Long-standing relationships with a loyal customer base, particularly within the SME segment.

However, these are generally less robust than the moats of larger financial institutions, which often benefit from scale, lower cost of funds, and extensive distribution networks.

Growth Drivers

Key factors that can drive Intec Capital's growth over the next 3-5 years include:

Overall Economic Growth in India: A robust economy typically leads to higher credit demand from businesses and individuals.

Increasing Credit Penetration: The continued under-penetration of credit in certain segments, particularly SMEs, offers significant growth opportunities for NBFCs.

Digitalization and Fintech Adoption: Leveraging technology to improve operational efficiency, reach new customers, and enhance credit underwriting processes.

Government Initiatives: Policies supporting SME growth and access to finance can create a favorable operating environment.

Risks

Intec Capital faces several key business risks:

Credit Risk (Asset Quality): The primary risk for any lender, involving the potential for borrowers to default on loans, leading to non-performing assets (NPAs) and write-offs. This is particularly relevant when lending to SMEs, which can be more volatile.

Funding Risk: Reliance on market borrowings (banks, bond markets) for funds. Changes in interest rates or investor sentiment can impact funding costs and availability.

Interest Rate Risk: Fluctuations in interest rates can impact net interest margins if borrowing and lending rates are not matched appropriately.

Regulatory & Compliance Risk: The NBFC sector is highly regulated by the RBI. Changes in regulations, capital adequacy norms, or reporting requirements can impact operations and profitability.

Competition: Intense competition from banks, other NBFCs, and emerging fintech companies can squeeze margins and make customer acquisition challenging.

Economic Slowdown: A downturn in the broader economy can lead to increased loan defaults and reduced credit demand.

Management & Ownership

Intec Capital Ltd. is typically promoted and controlled by its founding family or a core group of promoters who hold a significant stake in the company. The quality of management is often assessed by their experience in the financial sector, strategic vision, track record of navigating economic cycles, and adherence to corporate governance standards. For smaller NBFCs, the management's ability to maintain a healthy asset quality, manage funding costs, and adapt to regulatory changes is critical.

Outlook

Intec Capital operates in a segment with inherent growth potential due to India's economic expansion and persistent demand for credit among underserved segments. The company's future hinges on its ability to effectively manage its credit risk profile, maintain a stable cost of funds, and adapt to the evolving competitive and regulatory landscape. A disciplined approach to underwriting, efficient collection mechanisms, and strategic leveraging of technology could support stable performance. However, intense competition, the cyclical nature of credit markets, and potential shifts in regulatory policies pose ongoing challenges that require robust risk management and agile strategic decisions to sustain profitability and growth.

Intec Capital Share Price

Live · BSE · Inception: 1994
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Intec Capital Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Dec 2025 Mar 2026 Jun 2026
Operating Revenue 1 1 0 0 0 3 6 2 3 1
Other Income 0 0 0 0 0 1 0 0 0 0
Total Income 1 1 0 0 0 4 6 2 3 1
Total Expenditure 1 1 1 1 1 -1 0 1 -4 1
Operating Profit -1 -0 -1 -1 -0 5 6 1 7 -0
Interest Expense 0 0 0 0 0 1 1 1 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 -0 -1 -1 -0 4 4 0 6 -1
Provision for Tax 0 -2 0 0 0 1 1 0 2 0
Profit After Tax -1 1 -1 -1 -1 3 3 -0 5 -1
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 1 -1 -1 -1 3 3 -0 5 -1
Adjusted Earnings Per Share -0.5 0.8 -0.7 -0.5 -0.4 1.7 1.6 -0.2 2.7 -0.5

Intec Capital Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Operating Revenue 130 96 53 39 15 6 10 7 4 4 12 12
Other Income 6 3 8 3 1 22 0 42 0 5 13 0
Total Income 137 99 62 42 16 28 10 49 4 8 25 12
Total Expenditure 59 42 60 25 56 10 14 68 12 5 10 -2
Operating Profit 78 57 1 17 -40 18 -4 -19 -8 3 15 14
Interest Expense 68 55 34 20 8 0 0 0 0 1 3 2
Depreciation 1 1 1 1 1 1 1 1 0 0 0 0
Profit Before Tax 9 1 -34 -4 -48 26 2 -20 -9 1 10 9
Provision for Tax 4 1 -3 6 -11 8 0 9 -3 1 3 3
Profit After Tax 5 0 -30 -9 -37 18 2 -28 -6 0 7 7
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 5 0 -30 -9 -37 18 2 -28 -6 0 7 7
Adjusted Earnings Per Share 2.9 0.2 -16.6 -5.1 -20.4 9.7 1.2 -15.3 -3.1 0.1 3.8 3.6

Intec Capital Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 164 164 137 85 48 66 68 40 34 35 41
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 159 79 35 30 14 14 9 9 2 18 21
Current Liability 365 304 231 87 76 61 52 48 58 29 6
Other Liabilities & Provisions 28 3 43 -26 -35 -27 -27 -19 -22 -21 -18
Total Liabilities 716 551 446 176 103 114 102 78 73 60 51
Loans 0 0 0 0 0 0 0 0 48 42 31
Investments 0 0 0 0 0 0 0 0 0 0 0
Fixed Assets 11 11 14 14 14 14 14 13 13 13 12
Other Loans 437 276 151 5 5 0 0 0 2 2 0
Other Non Current Assets 8 6 8 0 0 1 0 0 0 0 3
Current Assets 260 258 273 157 84 98 87 63 8 3 4
Total Assets 716 551 446 176 103 114 102 78 73 60 51

Intec Capital Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 36 3 3 1 3 2 3 4 1 5 1
Cash Flow from Operating Activities -14 158 140 103 32 7 10 2 3 10 24
Cash Flow from Investing Activities -0 -0 -0 11 0 -1 -0 -0 0 1 0
Cash Flow from Financing Activities -18 -159 -142 -113 -32 -5 -8 -4 1 -15 -21
Net Cash Inflow / Outflow -33 -0 -2 2 -0 1 1 -3 4 -4 3
Closing Cash & Cash Equivalent 3 3 1 3 2 3 4 1 5 1 4

Intec Capital Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 2.94 0.19 -16.57 -5.13 -20.36 9.69 1.24 -15.33 -3.08 0.12 3.76
CEPS(Rs) 3.44 0.57 -16.21 -4.81 -19.96 10.07 1.54 -15.03 -2.81 0.38 3.95
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 89.46 89.1 74.38 46.45 26.16 35.86 37.06 21.74 18.68 18.79 22.55
Net Profit Margin 4.15 0.36 -57.01 -23.89 -251.65 302.5 23.36 -408.43 -151.3 6.14 58.95
Operating Margin 58.97 58.47 0.91 42.45 -272.93 439.61 26.25 -280.97 -231.61 64.94 111.53
PBT Margin 6.85 1.42 -63.38 -8.9 -325.76 436.15 24.89 -283.17 -237.63 32.46 86.71
ROA(%) 0.74 0.05 -6.11 -3.03 -26.73 16.39 2.11 -31.3 -7.51 0.33 12.44
ROE(%) 3.34 0.21 -20.27 -8.48 -56.07 31.24 3.39 -52.14 -15.23 0.64 18.17
ROCE(%) 11.43 9.54 0.11 6.28 -24.8 19.14 1.94 -17.74 -9.49 2.82 18.51
Price/Earnings(x) 22.98 261.77 0 0 0 1.32 21.06 0 0 135.37 2.97
Price/Book(x) 0.76 0.56 0.5 0.72 1.29 0.36 0.7 0.77 0.9 0.86 0.49
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 4.68 4.39 4.82 4.24 9.71 15.65 10.33 12.03 21.59 19.52 3.51
EV/Core EBITDA(x) 7.84 7.41 226.11 9.66 -3.62 5.14 -28.6 -4.41 -9.88 24.91 2.81
Interest Earned Growth(%) -0.47 -26.51 -44.23 -26.18 -62.3 -60.41 65.33 -29.12 -45.8 -4.46 227.89
Net Profit Growth 0.36 -93.57 -8862.08 69.07 -297.18 147.59 -87.23 -1339.43 79.92 103.88 3047.45
EPS Growth(%) 0.36 -93.57 -8861.91 69.07 -297.18 147.59 -87.23 -1339.46 79.92 103.88 3048.7
Interest Coverage(x) % 1.13 1.02 0.01 0.83 -5.17 126.82 19.27 -127.84 -38.46 2 4.49

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +200% +20% +15% -21%
Operating Profit CAGR +400% — -4% -15%
PAT CAGR — — -17% +3%
Share Price CAGR -7% -5% -5% -13%
ROE Average +18% +1% -9% -9%
ROCE Average +19% +4% -1% +2%

Intec Capital Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 71.05 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 28.95 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 72.9772.6871.7671.0971.0971.0571.0571.0571.0571.05
FII 0000000000
DII 0000000000
Public 27.0327.3228.2428.9128.9128.9528.9528.9528.9528.95
Others 0000000000
Total 100100100100100100100100100100

Intec Capital Peer Comparison

Finance - NBFC Edit Columns

Intec Capital Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Intec Capital Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • Earnings include an other income of Rs. 13 Cr.
  • The company has delivered a poor profit growth of -17% over past five years.
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