IIFL

Finance Ltd (NSE: IIFL)

CMP: ₹487.20 (as of July 8, 2025) Analyst: CA Atin Agrrawal – SEBI Registered Research Analyst (INH000020785) Earnings Recovery Underway: Q4 PAT showed a strong rebound. AUM grew 10% QoQ, led by revival in gold loan disbursements. Resilient Franchise: Diversified retail-focused NBFC with presence across gold loans (~27%), home loans, and business finance. Valuation Comfort: Trading at ~1.4x FY26E book value, historically considered reasonable for well-managed NBFCs. Improving Return Ratios: ROA and ROE expected to improve to ~1.7% and ~10.3% respectively over the next 2 years. Technical Strength: Breakout from multi-month consolidation with rising volumes and MACD crossover on weekly chart. ⚠️ Disclaimer This research is for educational and informational purposes only. It does not constitute investment advice or a solicitation to buy/sell securities. Investors should consult their financial advisor before making investment decisions. Past performance is not indicative of future returns. I, CA Atin Agrrawal (INH000020785), shall not be held liable for any direct or indirect loss arising from use of this report.