Inox Leasing and Finance Limited (ILFL) Unlisted Shares
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Inox Leasing and Finance Limited (ILFL)
INE608E01014
Listing Status: DRHP Not Filed
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About Inox Leasing and Finance Limited (ILFL) Unlisted Shares
Overview of Inox Leasing and Finance Limited (ILFL) Unlisted Shares
Inox Leasing and Finance Limited (ILFL) was incorporated on February 17, 1995, as Inox Leasing and Finance Private Limited and later became a public company on January 28, 1998. The company has obtained a certificate of registration from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Institution (NBFC). Additionally, ILFL is registered with the Association of Mutual Funds of India (AMFI) as a mutual fund advisor, earning brokerage income through the distribution of mutual fund units.
ILFL plays a key role in the financial and investment sector, focusing on capital solutions and investment opportunities. With its expertise in financing and equity investments, the company continues to contribute to the growth and development of businesses across various industries.
About The Group- INOXGFL
- INOXGFL Group is an Indian conglomerate with a legacy of more than 90 years.
- A forerunner in diversified business segments, including Fluoropolymers, Specialty Chemicals, Wind Energy, and Renewables.
- Has a strong workforce and a global distribution network.
- Each INOXGFL Group company embodies the Group’s growth DNA, which includes:
- Early Identification of a Winning Business Area
- Building up Scale Rapidly
- Market Leadership in the Segment
Major Group Comapanies
Gujarat Fluorochemicals Limited (GFL)
- Leading producer of Fluoropolymers, Fluorospecialties, Refrigerants, and Chemicals.
- Expertise in Fluorine Chemistry with vertical integration from natural minerals to Fluoropolymers.
- Strong R&D ensures high-quality, globally compliant products.
Inox Wind Limited (IWL)
- Fully integrated wind energy company with state-of-the-art manufacturing plants in Himachal Pradesh, Gujarat, and Madhya Pradesh.
- Manufactures key wind turbine components ensuring high quality, advanced technology, and cost competitiveness.
- Wind Turbine Generators (WTGs) designed for low wind speed sites with 6%-18% higher efficiency.
Inox Wind Energy Limited (IWEL)
- Incorporated on March 6, 2020, under the Companies Act, 2013.
- Engages in wind energy generation & sale, EPC services for wind farms, and strategic investments in Renewable Energy.
GFCL EV Products Limited
- 100% subsidiary of GFL, focused on manufacturing intermediate materials for Lithium-ion Batteries.
Inox Green Energy Services Limited (IGESL)
- India’s leading Wind O&M (Operations & Maintenance) services provider with 8+ years of operating history.
Subsidiary Companies
Name of the Company | Subsidiary/Associate | % of Shares Held |
---|---|---|
GFL Limited | Subsidiary | 52.93% |
Gujarat Fluorochemicals Limited | Subsidiary | 52.58% |
Management
D.K. Jain - Chairman
P.K. Jain - Managing Director
V.K. Jain- Director
Siddharth Jain - Director
Devansh Jain- Director
Insights of Inox Leasing and Finance Limited (ILFL) Unlisted Shares
Financials
Particulars (in crs) | FY 2024 | FY 2023 |
---|---|---|
Revenue | 5,581 | 6,330 |
EBITDA | 1017 | 1586 |
PBT | 915 | 1108 |
PAT | 352 | 564 |
Insights -
- Revenue declined by 11.84%, from ₹6,330 Cr in FY23 to ₹5,581 Cr in FY24, reflecting a slowdown in sales.
- EBITDA dropped 35.86% to ₹1,017 Cr, indicating higher operating costs or lower profitability.
- PBT fell 17.42%, down to ₹915 Cr, highlighting reduced pre-tax earnings.
- PAT saw a sharp 37.59% decline to ₹352 Cr, signaling a significant impact on net profitability.
Revenue Split
Revenue Segment (in crs) | FY 2024 | FY 2023 | Growth (%) |
---|---|---|---|
Bulk Chemicals | 688.78 | 1,139.82 | -39.57% |
Fluorochemicals | 1,068.90 | 1,518.23 | -29.62% |
Fluoropolymers | 2,435.62 | 2,936.19 | -17.04% |
Battery Chemicals | 0.37 | 0.00 | -- |
Wind Energy Business | 1,368.90 | 718.96 | 90.49% |
Other | 18.43 | 17.16 | 7.40% |
Total Revenue | 5,581.00 | 6,330.36 | -11.84% |
Industry Overview
India’s financial services sector is diverse, including commercial banks, insurance companies, co-operatives, mutual funds, and NBFCs.
Growth & Market Trends
- NBFCs are expanding rapidly, outperforming Scheduled Commercial Banks (SCBs) in advances and asset quality (RBI).
- Their market share is expected to grow further in the coming years.
Impact of COVID-19
- FY 2020 was highly challenging due to the COVID-19 pandemic, leading to market volatility and economic slowdown.
Challenges & Resilience
- NBFCs may face asset quality pressures (ICRA), but strong balance sheets and improved collections will help sustain growth.
Regulatory Support
- RBI introduced the Liquidity Coverage Ratio (LCR) for NBFCs with ₹5,000 crore+ assets to strengthen liquidity management.
Conclusion - Despite challenges, NBFCs remain a key driver of financial growth, with regulatory support ensuring long-term stability.
Merger Details
The Board of Directors of the company, in its meeting held on October 29, 2024, reviewed and approved a merger and restructuring plan involving Inox Leasing and Finance Limited (ILFL) and Gujarat Fluorochemicals Limited (GFCL). Below is a summary of the key details:
Overview of the Companies
- Gujarat Fluorochemicals Limited (GFCL): A key player in the manufacturing and trading of fluorochemicals, refrigerants, and fluoropolymers, along with other specialty chemicals.
- Inox Leasing and Finance Limited (ILFL): Engaged in wind energy generation and investment activities across various businesses.
Strategic Rationale for the Merger
- The merger is aimed at simplifying the corporate structure, ensuring operational efficiency, and reducing administrative and compliance costs.
- Post-merger, GFCL will serve as the primary entity, enhancing transparency in ownership and governance.
Implementation Plan
The restructuring will take place in two phases:
Separation of ILFL’s Wind Energy Business:
- This segment will be transferred to a newly incorporated entity, Inox Holdings and Investments Limited (IHIL), specifically created to manage this business.
Consolidation of ILFL into GFCL:
- Once the wind energy division is demerged, ILFL will be merged into GFCL, and its shareholders will receive GFCL shares in exchange.
This restructuring is expected to result in a more efficient business structure, improved corporate governance, and long-term value creation for shareholders.
Consideration for ILFL Shareholders
- Share Exchange Ratio: ILFL shareholders will receive 5,77,91,906 shares of GFCL (face value of ₹1 each) in exchange for their ILFL shares.
Changes in GFCL Shareholding
- Post-merger, the promoter group’s stake in GFCL will decrease from 62.58% to 61.15%, while public shareholding will increase from 37.42% to 38.85%.
Regulatory Approvals Required
- The merger plan is subject to approval from shareholders, creditors, and regulatory authorities, including the National Company Law Tribunal (NCLT).
Final Outcome
- Upon completion of the merger, GFCL will continue as a listed company, while ILFL will cease to exist. ILFL shareholders will become shareholders of GFCL.
This restructuring is expected to enhance corporate governance, improve operational efficiency, and create long-term value for all stakeholders.
SWOT Analysis
Strengths:
- Diverse Investment Portfolio: ILFL maintains a well-diversified portfolio, including significant holdings in Gujarat Fluorochemicals Limited (GFCL), enhancing financial stability.
- Robust Financial Performance: The company has demonstrated strong financial metrics, with a substantial market capitalization and enterprise value, indicating strong investor confidence.
Weaknesses:
- Revenue Decline: In FY24, ILFL experienced a decline in consolidated revenue, reflecting potential challenges in sustaining growth.
- High P/E Ratio: With a relatively high price-to-earnings ratio, the stock may be perceived as overvalued compared to industry benchmarks.
Opportunities:
- Strategic Restructuring: The approved merger and restructuring plan with GFCL aims to streamline corporate operations, potentially leading to enhanced efficiency and cost reduction.
- Market Expansion: Leveraging its investments, ILFL has the opportunity to expand within the specialty chemicals sector, strengthening its market presence.
Threats:
- Market Volatility: Fluctuations in financial markets could impact ILFL’s investment portfolio and overall financial performance.
- Regulatory Changes: Shifts in financial regulations may pose challenges, requiring adaptability and compliance to sustain business operations.
Financial Charts of Inox Leasing and Finance Limited (ILFL) Unlisted Shares
Balance Sheet of Inox Leasing and Finance Limited (ILFL) Unlisted Shares
Profit and Loss of Inox Leasing and Finance Limited (ILFL) Unlisted Shares
Ancillary of Inox Leasing and Finance Limited (ILFL) Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Inox Leasing and Finance Limited (ILFL) Unlisted Shares
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How to buy Inox Leasing and Finance Limited (ILFL)?
Below are three ways through which you can purchase Inox Leasing and Finance Limited (ILFL):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Inox Leasing and Finance Limited (ILFL), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Inox Leasing and Finance Limited (ILFL)?
Below are three ways through which you can sell Inox Leasing and Finance Limited (ILFL):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Inox Leasing and Finance Limited (ILFL), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Inox Leasing and Finance Limited (ILFL)?
We provide a two way quote on all the shares we deal in. Your buy price for Inox Leasing and Finance Limited (ILFL) is ₹18999 and your sell price for Inox Leasing and Finance Limited (ILFL) is ₹15555. The price is based on our estimates and market conditions.
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What is the lock-in period of Inox Leasing and Finance Limited (ILFL)?
The lock-in period for Inox Leasing and Finance Limited (ILFL) varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Inox Leasing and Finance Limited (ILFL)
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Inox Leasing and Finance Limited (ILFL)
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Inox Leasing and Finance Limited (ILFL) price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Inox Leasing and Finance Limited (ILFL). The price is also determined from the most recent funding round for Inox Leasing and Finance Limited (ILFL). This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Inox Leasing and Finance Limited (ILFL)?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Inox Leasing and Finance Limited (ILFL) with us kindly click here.
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What are the financials of Inox Leasing and Finance Limited (ILFL)?
The financials of Inox Leasing and Finance Limited (ILFL) which includes the P/L of Inox Leasing and Finance Limited (ILFL) and the Balance Sheet of Inox Leasing and Finance Limited (ILFL) is in the financials section (Click on link).
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Where can I find the annual report of Inox Leasing and Finance Limited (ILFL)?
The annual report of Inox Leasing and Finance Limited (ILFL) is available in the annual report section (Click on link).
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Is buying Inox Leasing and Finance Limited (ILFL) legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Inox Leasing and Finance Limited (ILFL)?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Inox Leasing and Finance Limited (ILFL) and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Inox Leasing and Finance Limited (ILFL) once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Inox Leasing and Finance Limited (ILFL)?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Inox Leasing and Finance Limited (ILFL) from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
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