amit@unlistedkraft.in
+91-9599071664
+91-9599071664
ICL Fincorp Limited Unlisted Shares
DRHP Status : Not Filed
23
Fundamentals About ICL Fincorp Limited
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of ICL Fincorp Limited
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Interest Earned | 8737 | 11219 | 14316 | 19002 |
| Other Income | 206 | 45 | 254 | 166 |
| Interest Expended | 3873 | 4706 | 5674 | 7175 |
| Operating Expenses | 4699 | 6067 | 8701 | 11649 |
| Provisions and contingencies | -1.64 | 67 | 90 | -166 |
| PAT | 271 | 304 | 8 | 244 |
| EPS | 0.61 | 0.64 | 0.02 | 0.42 |
| Gross NPA | 0 | 5.2 | 1.57 | 1.03 |
| Net NPA | 1.9 | 3.52 | 1.39 | 0.88 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Advances | 35168 | 40304 | 47827 | 65733 |
| Book Value | 18.27 | 19.27 | 19.48 | 20.54 |
| P / B | 1.42 | 1.45 | 1.33 | 1.27 |
| ROE (%) | 3.35 | 3.33 | 0.08 | 2.04 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 2458 | 3255 | 4702 | 4773 |
| Cash and Balances | 1928 | 1511 | 2012 | 4986 |
| Investments | 412 | 471 | 669 | 1869 |
| Advances | 35168 | 40304 | 47827 | 65733 |
| Other Assets | 5898 | 7225 | 8585 | 7930 |
| Total Assets | 45864 | 52766 | 63795 | 85291 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 4433 | 4739 | 4979.36 | 5818.5 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 3665 | 4394 | 4720 | 6133 |
| Borrowings | 29627 | 34540 | 42361.16 | 54886 |
| Deposits | 0 | 0 | 0 | 0 |
| Other Liabilities | 8139 | 9093 | 11734.48 | 18453.5 |
| Total Liabilities | 45864 | 52766 | 63795 | 85291 |
About Company
ICL Fincorp Limited is an established South Indian non-banking financial company (NBFC) specializing in gold loans, business loans, and property loans with over 290 branches as of 2025. With a strong base in Kerala, it expanded to multiple states (Tamil Nadu, Karnataka, Telangana, Andhra Pradesh, Odisha, Gujarat, Maharashtra). Unlisted shares offer a high-risk, high-growth investment option, frequently traded with a price-to-book (P/B) ratio around 1.3x–1.4x, often seen as a fair value compared to peers.
The following table shows a 10-point analysis of ICL Fincorp Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Established 1991 · NBFC | A Kerala-based non-banking financial company providing gold loans, personal loans, business loans, and other financial services across India. |
| Industry & Market Position | 300+ branches · presence in multiple states | A growing regional NBFC with strong presence in South India and expanding footprint across other parts of the country. |
| Core Lending Segment | Gold loans dominant | A large portion of the loan book is secured against gold, which typically carries lower default risk compared with unsecured lending. |
| Customer Reach | 5 lakh+ customers | The company has built a large customer base across semi-urban and rural regions through branch expansion. |
| Revenue Drivers | Gold loans · MSME loans · personal finance | Earnings mainly come from interest income on secured and small-ticket loans. |
| Product Diversification | Insurance · investments · hire purchase | The company offers additional financial products including insurance and investment services. |
| Expansion Strategy | Nationwide branch expansion | The company is expanding outside South India to strengthen its national presence. |
| Credit Rating | CRISIL BBB- / Stable | The rating indicates moderate safety regarding timely servicing of financial obligations. |
| Management & Governance | Promoter-led NBFC | The company is led by experienced promoters with over three decades of experience in the financial services sector. |
| Future Outlook | Expansion of loan portfolio | Continued branch expansion and diversification of loan products are expected to support long-term growth. |
Company Overview
(i) ICL Fincorp Limited is an Indian non-banking financial company headquartered in Thrissur, Kerala, providing lending and financial services to retail and small business customers.
(ii) The company was founded in 1991 by K. G. Anil Kumar, initially operating as Irinjalakuda Credits & Leasing Company before evolving into a diversified financial services institution.
(iii) ICL Fincorp offers a wide range of financial products including gold loans, personal loans, MSME loans, loan against property, insurance products, and investment options.
(iv) Over the years, the company has expanded its branch network across several Indian states including Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, and Odisha.
(v) The company focuses primarily on secured lending, especially gold loans, which generally carry lower credit risk and help maintain asset quality.
Challenges in ICL Fincorp’s Business
- Dependence on gold loan segment: A large portion of the company’s lending portfolio is linked to gold loans, making business performance sensitive to gold price volatility.
- Regulatory environment for NBFCs: NBFCs operate under regulatory oversight by the Reserve Bank of India, and regulatory changes can impact lending operations and capital requirements.
- Competition in the lending market: The NBFC sector in India is highly competitive, especially in gold loans and retail lending segments.
Financial Review of ICL Fincorp Limited
Here are some highlights of the financial performance of ICL Fincorp Limited over the past few years.
FY22 Performance
• Revenue reported around ₹83 crore.
• Profit after tax stood at approximately ₹2.7 crore.
• EPS recorded about ₹0.61 per share.
• Gross NPAs remained very low, indicating strong asset quality in its lending portfolio.
FY21 Performance
• Revenue stood at approximately ₹76 crore.
• Net profit reported around ₹2.6 crore.
• Loan advances increased during the year reflecting growth in gold loan demand.
• The company maintained stable profitability despite sector competition.
Quick Summary
ICL Fincorp Limited is an established NBFC with over three decades of experience in providing gold loans and other financial services to retail customers. The company’s strong branch network and focus on secured lending have helped it build a stable presence in the Indian lending market.
Click Here to visit the official website of ICL Fincorp Limited.
Promoters of ICL Fincorp Limited
The following are the active promoters/leadership associated with the company:
| Name | Designation | LinkedIn Profile |
|---|---|---|
| K. G. Anil Kumar | Chairman & Managing Director | View Profile |
| Uma Anilkumar | Whole-Time Director & CEO | View Profile |
Shareholding Pattern of ICL Fincorp Limited
| Name | Holding |
|---|---|
| Promoters | 47.81% |
| Others | 52.19% |
Promoters of ICL Fincorp Limited
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| K G Anilkumar | Chairman & MD | 33 yrs |  |
| Uma AnilKumar | CEO | 20+ | |
| Madhavankutty T | CFO | 20 yrs | |
Latest News
Latest Post
Frequently Asked Questions
ICL Fincorp Limited unlisted shares are equity shares of ICL Fincorp Limited that are not listed on NSE or BSE and are traded privately in the unlisted share market.
Yes, investors can purchase ICL Fincorp Limited unlisted shares through private market platforms that facilitate transactions in unlisted securities.
Yes, investors must have an active demat account to receive and hold ICL Fincorp Limited unlisted shares.
Yes, ICL Fincorp Limited unlisted shares can be sold through private market transactions before a potential IPO depending on buyer availability.
Yes. If ICL Fincorp Limited gets listed in the future, pre-IPO investors are generally subject to a six-month lock-in period after listing as per SEBI regulations.
If ICL Fincorp Limited shares are held for more than two years, gains are taxed at 20% with indexation. If sold earlier, gains are treated as short-term capital gains and taxed according to the investor’s income slab.
+91-9599071664
amit@unlistedkraft.in