Strong FY24 Numbers for IKF Finance Limited Unlisted Shares – Why We're Cautious About Its Valuation

IKF Finance Limited, an NBFC in asset financing, has shown impressive FY24 performance. Its AUM surpassed ₹3,775 crore, marking a 53.97% growth. Disbursements also rose sharply, reaching ₹2,676 crore—a remarkable 59.85% jump. Revenue hit ₹586 crore, and net profit grew by 65%, reaching ₹76.97 crore. The company’s risk management is top-notch, with a GNPA of 2.35% and NNPA at 1.80%.

Accion LP invested ₹120 crore at a valuation of ₹1,500 crore, at ₹215 per share. However, IKF Finance Unlisted Shares are available at a 3.7x P/B ratio, which is significantly overvalued compared to its peers. Therefore, we recommend selling IKF Finance Limited Pre IPO. For better opportunities, contact Planify.

About IKF Finance Limited:

IKF Finance Limited is a prominent non-banking financial company (NBFC) specializing in vehicle and SME financing. With a strong focus on used vehicles, IKF offers a range of financial solutions to meet the diverse needs of individuals and businesses. Their extensive product portfolio includes commercial vehicle loans, construction equipment loans, car and MUV loans, tractor loans, three-wheeler loans, and MSME loans. IKF is committed to providing efficient and hassle-free financing options, enabling customers to achieve their financial goals.