ICL Fincorp Business Overview and Financial Insights

ICL Fincorp is a leading non-banking financial company in India, with a strong presence in the microfinance sector.

The company was established in 2007 and has since grown to become one of the largest microfinance companies in the country.

ICL Fincorp operates in over 20 states across India, with a diverse customer base of over 3 million clients.

The company's focus on providing financial services to underserved communities has enabled it to achieve a high customer satisfaction rate of 95%.

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ICL Fincorp's financial statements reveal a significant increase in revenue from operations. The company's revenue from other financial services has remained relatively stable, with a slight decrease from Rs 7,581.75 in 2024 to Rs 7,403.84 in 2025.

Interest income has seen a substantial jump, from Rs 14,23,995.62 in 2024 to Rs 1,892,837.05 in 2025. This indicates a significant shift in the company's business model or strategy.

ICL Fincorp's total income has increased by 31.6% from Rs 14,56,942.84 in 2024 to Rs 1,916,884.81 in 2025. This growth can be attributed to the significant increase in interest income.

Here's a breakdown of ICL Fincorp's total income and expenses:

The company's profit before tax has increased by 384.5% from Rs 10,502.77 in 2024 to Rs 51,017.06 in 2025. This indicates a significant improvement in the company's financial performance.

ICL Fincorp Limited has shown significant improvement in its current ratio, increasing from 2.38 in 2024 to 2.99 in 2025.

The company's liquidity position has also improved, with the quick ratio rising from 0.19 in 2024 to 0.36 in 2025.

ICL Fincorp's cash ratio has increased from 0.03 in 2024 to 0.20 in 2025, indicating better management of cash resources.

The net profit margin of ICL Fincorp has increased from 1.97% in 2024 to 5.32% in 2025, showing a significant improvement in profitability.

Here's a summary of the key financial ratios of ICL Fincorp Limited for 2025 and 2024:

ICL Fincorp's leverage ratio has increased from 6.17 in 2024 to 6.50 in 2025, indicating a slightly higher level of debt.

The company's capital adequacy ratio has improved from 15.00% in 2024 to 19.34% in 2025, ensuring a stronger capital base.

ICL Fincorp's cash flow situation is quite interesting. The company's net cash flow from operating activities was a significant drain on its resources, totaling ₹1,59,1583 thousand in FY25 and ₹4,93,023 thousand in FY24.

The operating profit before working capital changes was ₹26,3487 thousand in FY25, a substantial increase from ₹20,4122 thousand in FY24. This indicates that the company's core business is performing well.

However, the changes in working capital had a major impact on the cash flow, with a decrease of ₹1,77,4080 thousand in loans in FY25 and ₹7,61,183 thousand in FY24. This suggests that the company is trying to reduce its debt burden.

The cash flows from investing activities were also significant, with a net outflow of ₹1,51,058 thousand in FY25 and ₹1,99,733 thousand in FY24. The company spent a substantial amount on property, plant, and equipment, totaling ₹87,426 thousand in FY25 and ₹222,185 thousand in FY24.

Here's a breakdown of the cash flows from investing activities:

The cash flows from financing activities were a major source of cash for the company, with a net inflow of ₹1,97,1031 thousand in FY25 and ₹7,45,909 thousand in FY24. The company raised significant amounts through debt securities, borrowings, and subordinate liabilities.

Overall, ICL Fincorp's cash flow situation is complex, with significant outflows from operating and investing activities. However, the company's ability to raise cash from financing activities has helped mitigate this situation.

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ICL Fincorp Limited has shown significant improvement in its financial ratios over the past year. The current ratio improved from 2.38 in 2024 to 2.99 in 2025, indicating stronger short-term liquidity and a better ability to pay off obligations on time.

This improvement in liquidity is also reflected in the cash ratio, which jumped significantly from 0.03 in 2024 to 0.20 in 2025. This means the company now has 20 paise in cash and near-cash assets for every ₹1 of short-term liability, compared to just 3 paise last year.

The company's capital adequacy ratio has also improved, from 15.00% in 2024 to 19.34% in 2025, well above regulatory requirements. This shows the company has a strong capital base to absorb potential risks and losses, ensuring financial stability and investor confidence.

Here are the key financial ratios of ICL Fincorp Limited for the year 2025 and 2024:

The net profit margin has improved sharply from 1.97% to 5.32%, indicating much stronger cost control and higher profitability. This means that for every ₹100 of revenue, the company now keeps ₹5.32 as profit, compared to just ₹1.97 last year.

The lock-in period for ICL Fincorp Limited Unlisted Shares varies depending on the category of investors. For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of ICL Fincorp Limited Unlisted Shares.

In recent years, the unlisted share market has expanded significantly, leading to a reduction in the minimum investment amount. The minimum investment required to buy ICL Fincorp Limited Unlisted Shares through UnlistedZone is now in the range of 35-50k.

Investing in ICL Fincorp Limited Unlisted Shares carries certain risks that should be carefully considered, including liquidity risk, price volatility, regulatory risk, limited information, no guarantee of future listing, and company-specific risks.

Here are the main risks associated with buying ICL Fincorp Limited Unlisted Shares:

The lock-in period of unlisted shares is a crucial aspect to consider when investing in these securities.

For Venture Capital Funds or Foreign Venture Capital Investors, the lock-in period is 6 months from the date of acquisition.

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This regulation was introduced by SEBI in August 2021 to encourage more investments in startups preparing for public offerings or IPOs.

The lock-in period varies depending on the category of investors. Here's a breakdown of the lock-in periods for different types of investors:

However, for SME IPOs, the lock-in period is of One year, which is a notable exception to this rule.

The minimum ticket size for investing in unlisted shares has decreased significantly in recent years. This change is largely due to the expansion of the unlisted share market.

Typically, the investment ticket size used to range from 5-10 Lakhs, but now it's between 35-50k.

Buying unlisted shares can be a high-risk investment, with several factors to consider before making a decision.

Liquidity risk is a significant concern, as unlisted shares are not traded on public stock exchanges, making it harder to sell them when needed.

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The price of unlisted shares can be highly volatile, influenced by the lack of regular public trading and limited information about the company's financial health.

Regulatory risks are also a factor, as unlisted shares are subject to different regulatory frameworks than listed shares.

There may be limited publicly available information about unlisted companies, making it difficult to assess their true value and potential for growth.

Investing in unlisted shares with the expectation of future listing on a public exchange carries the risk that the listing may not occur, affecting both liquidity and potential value appreciation.

Each company has its own set of company-specific risks, based on its industry, management, financial health, and market position, which can significantly impact the performance of your investment.

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At UnlistedZone, we take a meticulous approach to valuing unlisted shares, including those of ICL Fincorp Limited. Our valuation methodology involves two primary methods: Benchmark Valuation Based on Latest Funding and Comparison with Listed Peers.

The Benchmark Valuation Based on Latest Funding method provides a clear indication of the company's current market value as perceived by investors and industry experts. This method is particularly effective in capturing the latest market sentiment and financial health of the company.

We examine the most recent funding round for ICL Fincorp Limited Unlisted Shares to determine the benchmark valuation. This data is crucial in understanding the company's current market value.

In cases where there hasn't been recent funding for ICL Fincorp Limited Unlisted Shares, we adopt a comparative approach, identifying a business in the listed market that closely resembles ICL Fincorp Limited Unlisted Shares in terms of industry, size, and business model.

By comparing and contrasting the two, we can ascertain a fair valuation for ICL Fincorp Limited Unlisted Shares, drawing on the market data and performance metrics of its listed counterpart.

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ICL Fincorp is a leading non-banking financial company in India, established in 2007.

ICL Fincorp has a strong presence in the country with over 50 branches across various states.

The company offers a range of financial products and services, including personal loans, business loans, and other financial solutions.

ICL Fincorp has a strong focus on customer service, with a dedicated team of professionals working to meet the diverse needs of its customers.

The company has a robust IT infrastructure in place, enabling it to provide efficient and secure services to its customers.

ICL Fincorp is committed to maintaining the highest standards of ethics and integrity in its business practices.

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ICL Fincorp is a leading financial services company in India.

ICL Fincorp has been in operation since 2006, making it a seasoned player in the market.

The company offers a range of financial products and services, including loans and deposits.

ICL Fincorp has a strong presence in the country with over 250 branches across various states.

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If you're looking for information on the leadership of a company, you might want to know who the CEO is. Uma Anilkumar is the CEO of ICL Fincorp.

ICL Fincorp has a clear leadership structure, with Uma Anilkumar at the helm.

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ICL Fincorp was founded in 1991 by K. G. Anil Kumar, who serves as the Chairman and Managing Director, along with Uma Anilkumar, the CEO & Whole-time Director.

The company offers a range of services, including gold loans, business loans, vehicle loans, and insurance.

In FY 2019–2020, ICL Fincorp made a significant acquisition by purchasing a 74.27% stake in Salem Erode Investments, a BSE-listed company.

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