INDOSTAR
IndoStar Capital Finance Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
INDOSTAR
FY26 → FY29 · 3 years of guidance · ~2.7 years from today₹250 today
BEAR
₹223
-11%-4% a yr
20.2% a year · 14.7x exit
BASE
₹489
+95%+29% a yr
35% a year · 22.9x exit
BULL
₹856
+242%+59% a yr
47.6% a year · 30.7x exit
Where the market has priced it
6x29x today34x
- the guided figure reached earnings through a low-confidence bridge
- the range is unusually wide — read it as the span of management's own claim, not as a forecast
- this company's own median multiple sits 62% above its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹8.69 (screener) |
|---|---|
| Guided growth | 35% a year, said on the call of 03-Jun-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 14.74x / 22.85x / 30.66x, this company’s own p20 / median / p80 across 5 filed years |
| Filed-industry peers | median 14.12x across 36 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)3 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 35%
Barring any macroeconomic or system shocks, our 3-year strategic framework through FY '29 is modelled around the following targets: Disbursements, we want to target 35% CAGR growth in disbursements, aiming for a profit after tax target of I
Call 03-Jun-2026 · bridge confidence low · transcript PDF