IIFL Finance Ltd: Loans, Losses & ‘Locha’ in Liquidity?
1. At a Glance
Once the darling of India’s lending boom, IIFL is now a highly-leveraged NBFC juggling NCDs, tax raids, and falling profits. FY25 profit slumped 70%, but hey, they’ve got 80 lakh customers and just opened branches in J&K!
2. Introduction with Hook
If Bajaj Finance is the Salman Khan of NBFCs—flashy, dominant, and in-your-face—IIFL is that underdog cousin with debt problems and a big heart.
AUM doubled in 4 years: ₹76,700 Cr in FY24 from ₹37,900 Cr in FY20
Net Profit FY25: ₹578 Cr (down from ₹1,974 Cr in FY24!)
Stock P/E: 40.4 — for a company whose profits just faceplanted
Is this a mispriced value trap or a deep turnaround play waiting to be rediscovered?
3. Business Model (WTF Do They Even Do?)
IIFL is a diversified NBFC that lends money like a startup spends VC funds—fast, wide, and sometimes reckless.
