Whalesbook
Okay, toh suno, IIFL Finance ko ₹475.56 crore ka income tax ka notice aaya hai jo April 1, 2018 se February 3, 2025 tak ke period ko cover karta hai. Company ka kehna hai ki unhone apne sabhi tax liabilities poore kar diye hain aur unko isse koi bada impact nahi dikh raha hai. Woh is order ke khilaaf appeal bhi file karne wale hain.
Is khabar ke baad, May 12, 2026 ko IIFL Finance ke shares seedha 3.86% gir kar ₹445.05 par band hue. Isse pata chalta hai ki investors tax se judi khabron par kitna jaldi react karte hain, bhale hi company ne recently zabardast results diye hon. Jaise ki, unka net profit Q4 FY26 mein 148% jump karke ₹623.2 crore ho gaya tha.
Stock ki valuation bhi kaafi badli hai. Late 2023 mein P/E ratio lagbhag 12.7x tha, jo May 2026 tak 31.9x ho gaya tha, aur ab is notice ke baad shayad 10.84x ke aas paas aa gaya hoga. Iska comparison hum peers jaise Bajaj Finance (30.8-32.73x) aur Cholamandalam Investment and Finance (26.48-27.7x) se karein toh difference saaf dikhta hai. Yeh 10.84x ka multiple ek badi re-rating dikha raha hai, jo aise khabron par market ke reaction ko affect kar sakta hai.
Yeh sab tab ho raha hai jab overall NBFC sector mein kaafi aachhi growth chal rahi hai. Sector ki assets under management (AUM) March 2026 tak ₹48-50 lakh crore ho jayegi, MSME lending aur gold loans ki badhti demand ke karan. RBI ke favorable policy aur interest rate cuts ki ummeed se NBFCs ke liye borrowing cost kam hoga, jo sector ko aur boost dega.
IIFL Finance ke stock ne pehle bhi tax aur regulatory issues par aise hi sharp reactions dikhaye hain. January 2026 mein bhi shares lagbhag 18% gir gaye the ek special tax audit ke directive ke baad, bhale hi baad mein recover ho gaye. Isse pata chalta hai ki company regulatory challenges ko lekar market kitni sensitive hai.
Analysts ke views bhi mile-jule hain. Kuch log abhi bhi 'Buy' rating de rahe hain, lekin kuch ne 'Hold' karna shuru kar diya hai valuation concerns aur moderating financial trends ke karan. Company ke microfinance business mein elevated provisions aur kuch segments mein badhti stress ko lekar bhi chinta jatayi gayi hai. Profit Before Tax toh Q3 FY25 mein 85% gir gaya tha, jo haal hi ke strong quarters se alag tha, isse earnings mein fluctuations aur tax liabilities ko lekar concerns aur badh sakte hain.
Agey chal kar, IIFL Finance ne FY27 ke liye AUM growth ke ambitious targets rakhe hain – gold loans ke liye 20%-25% aur housing finance ke liye 18%-20%. Kuch 'Hold' ratings ke bawajood, analysts 2027 ke liye revenue growth 21% aur EPS ₹59.29 ka projection de rahe hain, jismein consensus price target ₹605 ke aas paas hai. Company ke liye yeh tax dispute ko successfully handle karna aur apni growth strategy ko execute karna, investors ka trust banaye rakhne ke liye bahut zaroori hoga.