Inox Leasing & Finance ltd Unlisted Shares
INOX LEASING & FINANCE LTD 
Inox Leasing and Finance Limited (ILFL) was incorporated on February 17, 1995 as Inox Leasing and Finance Private Limited (ILFL) and the word “Private” was deleted from its name pursuant to the provisions of Section 43A of the Companies Act with effect from November 22, 1995. Further, ILFL changed its status from being a public company by virtue of section 43A of the Companies Act to being a public company with effect from January 28, 1998.
The main business of ILFL is to conduct the business as a finance company including financing industrial, commercial and business operations by means of loans, leasing, hiring and hire purchases, dealing in shares and securities. Currently ILFL, being an investment company, is engaged in the business of financing and investments in equity shares of the companies. ILFL has obtained certificate of registration to carry on the business of a non-banking finance institution vide Certificate of Registration No. B-13.01448 dated January 4, 2001. ILFL also gets rent income from office premises given on lease. From the year 2004-05, ILFL has also commenced the business of distribution of units of mutual funds, and gets brokerage income. ILFL is registered with Association of Mutual Funds of India (AMFI) as a mutual fund advisor.
- Inox Leasing & Finance Ltd Annual Report 2019-20
- Inox Leasing & Finance Ltd Annual Report 2018-19
- Inox Leasing & Finance Ltd Annual Report 2017-18
- Inox Leasing & Finance Ltd Annual Report 2016-17
- Inox Leasing & Finance Ltd Annual Report 2015-16
- Inox Leasing & Finance Ltd Annual Report 2014-15
- Inox Leasing & Finance Ltd Annual Report 2013-14
- Inox Leasing & Finance Ltd Annual Report 2012-13
- Inox Leasing & Finance Ltd Annual Report 2011-12
- Inox Leasing & Finance Ltd Annual Report 2010-11
- Inox Leasing & Finance Ltd Annual Report 2009-10
Inox Leasing and Finance Limited Shares, Buy Shares of Nazara Technologies Ltd, HDB Financial Services, PayTM Shares, Buy Religare Health Insurance Company Limited Shares
Inox Leasing and Finance Limited Unlisted Share – Company Overview
Inox Leasing and Finance Limited is a part of INOX Group. INOX Group is a diversified Conglomerate of India comprising activities including Manufacturing Industrial gases, Fluorochemicals, Cryogenic Equipment, LNG Storage and distribution Equipment, Wind Turbines, and renewable Energy. The group is also the owner of India’s fastest-growing multiplex chains.
Inox Leasing and Finance Limited is engaged in the business of financial services, investment in securities, bonds, and mutual funds, and also acts as a broker for mutual funds. However, the primary business of Inox Leasing And Finance Limited is to act as a finance company for industrial, commercial, and business operations by means of loans, leasing, and dealing in shares, and securities.
Incorporation Details of Inox Leasing and Finance Limited
CIN of Inox Leasing |
U65910MH1995PLC085703 |
Registration Date of Inox Leasing |
17th February 1995 |
Category/Sub-category of Inox Leasing |
Public Limited Company |
Inox Leasing Registered office address and contact details |
69, Jolly Maker Chambers 2, Nariman Point,
Mumbai – 400021 Tel: +91 40323195 E-mail address: info@ilfl.co.in Website: www.ilfl.co.in |
Inox Leasing Registrar and Transfer Agent address and contact details |
Share transfer-related activities are carried out In-house by the Company. |
Principal Business Activities of Inox Leasing and Finance Limited
| Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
| Investment activities | 6430 | 93.28% |
Board of Directors of Inox Leasing and Finance Limited
D.K. Jain (Chairman)
P.K. Jain (Managing Director)
V.K. Jain (Director)
Siddharth Jain (Director)
Devansh Jain (Director)
Particulars of Subsidiary Companies of Inox Leasing
| Name of the Company | Subsidiary/Associate | % of shares held |
| GFL Limited | Subsidiary | 52.93% |
| Gujarat Fluorochemicals Limited | Subsidiary | 52.58% |
Shareholding Pattern of Inox Leasing and Finance Limited (As of 31-03-2020)
| S. No. | Shareholder’s Name | Number of shares | % of total Shares of the company |
| 1 | Promoters Holding | 97,46,445 | 97.53% |
| 2 | Public Shareholding | 2,47,022 | 2.47% |
| Total | 99,93,467 | 100.00% |
Industry Outlook
India’s financial services sector is very diversified and comprises various entities such as commercial banks, insurance companies, co-operatives, mutual funds, non-banking financial companies (NBFCs), and other various entities. The share of NBFCs is continuously growing in the financial services industry. As per RBI, NBFCs have outperformed Scheduled Commercial Banks (SCBs) in terms of growth in advances and in asset quality. It is expected that the NBFCs will grow their share in the financial services sector in the near future.
FY 2020 has been one of the most eventful and challenging years that the financial services industry has experienced. The Outbreak of the COVID-19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID-19 are still uncertain, it will affect the plans of this industry for FY 2021.
According to ICRA, a rating agency, the NBFC industry is likely to face asset quality pressure in the short term. However, the majority of the NBFC industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.
RBI has announced various measures, as a part of the response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5,000 Crore.
Inox Leasing And Finance Limited Balance Sheet (Amt. In Lakhs)
| PARTICULARS | 2023 | 2022 |
| ASSETS | ||
| Financial assets | ||
| Cash and cash equivalents | 4,678.03 | 9,303.60 |
| Bank balances other than (a) above | 50,211.01 | 53,579.07 |
| Trade receivables | 1,86,421.98 | 1,85,301.86 |
| Loans | 40,718.69 | 30,321.01 |
| Investments | 2,901.77 | 6,708.63 |
| Investment at Equity Method | 86.29 | 3,337.81 |
| Other financial assets | 1,33,162.32 | 1,35,899.08 |
| 4,18,180.09 | 4,24,451.06 | |
| Non-financial assets | ||
| Inventory | 2,61,545.83 | 1,95,101.99 |
| Current tax assets (Net) | 3,112.64 | 4,109.80 |
| Deferred tax assets (Net) | 60,237.36 | 58,408.39 |
| Property, Plant and Equipment | 4,53,286.89 | 3,78,716.11 |
| Capital Work in Progress | 1,30,532.77 | 86,790.64 |
| Investment Property | 338.18 | 643.71 |
| Intangible asset | 5,512.23 | 2,900.38 |
| Intangible asset under development | 1529.91 | – |
| Goodwill | 1011.3 | – |
| Right-of-use asset | 17,789.87 | 8,780.81 |
| Other non-financial assets | 64,895.83 | 41,637.83 |
| 9,99,792.81 | 7,77,089.66 | |
| TOTAL ASSETS | 14,17,972.90 | 12,01,540.72 |
| LIABILITIES AND EQUITY | ||
| LIABILITIES | ||
| Financial liabilities | ||
| Derivative financial instruments | – | – |
| Trade Payables | ||
| (i) total outstanding dues to micro and small enterprises | 939.78 | 597.61 |
| (ii) total outstanding dues of creditors other than micro and small enter-prises | 1,21,421.36 | 1,21,625.15 |
| Debt securities | – | 32,484.70 |
| Borrowings (Other than debt securities) | 2,79,997.79 | 2,43,717.39 |
| Other financial liabilities | 91,485.93 | 79,049.86 |
| 4,93,844.86 | 4,77,474.71 | |
| Non-financial liabilities | ||
| Provisions | 7,291.53 | 6,219.41 |
| Other non-financial liabilities | 29,005.53 | 58,908.21 |
| Deferred tax Liabilities (Net) | 25,571.00 | 27,912.56 |
| 61,868.05 | 93,040.18 | |
| EQUITY | ||
| Equity Share Capital | 990.01 | 990.01 |
| Investments entirely equity in nature | 8,500.00 | |
| Other equity | 4,25,696.90 | 3,80,314.46 |
| Equity attributable to Owners of the Company | 4,26,686.90 | 3,89,804.47 |
| Non Controlling Interests | 4,35,573.09 | 2,41,221.36 |
| 8,62,259.99 | 6,31,025.83 | |
| TOTAL LIABILITIES and EQUITY | 14,17,972.90 | 12,01,540.72 |
Inox Leasing And Finance Limited Profit & Loss Statement (Amt. In Lakhs)
| Particulars | 2023 | 2022 |
| Revenue | ||
| a. Revenue from operations | ||
| Sale of product | 6,09,242.77 | 4,17,836.96 |
| Sale of services | 22,484.07 | 32,601.95 |
| Interest income | 2,528.99 | 9,482.74 |
| Dividend Income | – | – |
| Brokerage received | 83 | 73.12 |
| Profit/(Loss) attributable to change in fair value of Investment | -895.86 | 3,494.37 |
| b. Other income | 19,857.93 | 92,118.63 |
| Total revenue (a+b) | 6,53,300.90 | 5,55,607.77 |
| Expenses | ||
| Cost of material consumed | 2,36,086.67 | 1,59,153.25 |
| Material extraction and processing cost | 2,812.71 | 2,747.48 |
| Purchases of stock-in-trade | – | 753.68 |
| Change in stock | -32,900.68 | -4,955.56 |
| Finance costs | 38,916.69 | 47,818.56 |
| Power and fuel | 95,536.96 | 67,395.89 |
| Employees benefit expenses | 41,189.89 | 40,092.42 |
| Depreciation and amortisation expense | 34,223.47 | 44,469.84 |
| Exhibition cost | – | 1,961.79 |
| Rent concessions | – | -7,686.80 |
| Other expenses | 1,32,025.26 | 1,27,685.03 |
| Total expenses (a+b+c+d+e+f) | 5,47,890.96 | 4,79,435.58 |
| Less: Expenditure capitalised | 3,332.65 | 4,291.74 |
| Net Expenses | 5,44,558.32 | 4,75,143.84 |
| Share of losses of Associates | – | 199.96 |
| Share of loss of joint venture | -0.52 | -0.52 |
| Profit before tax and exceptional items (1-2) | 1,08,742.06 | 80,663.37 |
| Exceptional itmes | – | – |
| Profit before tax | 1,08,742.06 | 80,663.37 |
| Tax expense | ||
| Current tax | 52,356.46 | 29,032.30 |
| Deferred tax charge/(benefits) | -4,061.59 | -24,171.62 |
| Taxes for earlier years | -156.4 | -187.14 |
| MAT credit entitlement | – | – |
| Total tax expense | 48,138.47 | 4,673.55 |
| Profit for the year (3-4) | 60,603.59 | 75,989.82 |
| Less: share of Minority interest in profit | ||
| 60,603.59 | 75,989.82 | |
| Profit/(loss) from discontinued operations before tax | – | 54 |
| Tax expense on discontinued operations | – | -14 |
| – | 40 | |
| Net profit | 60,603.59 | 76,029.82 |
| Other comprehensive income | ||
| Items that will not be reclassified to profit or loss | ||
| a. Remeasurement profit/( loss) on defined benefit plans | 5.42 | 149.48 |
| Income tax relating to remeasurement profit/(loss) on defined benefit plans | 30.13 | -52.71 |
| b. Equity instruments through other comprehensive income | ||
| Income tax relating to FVTOCI to equity investments | ||
| Deferred tax charge/ (benefits) relating to FVTOCI to equity investments | – | |
| Items that will be reclassified to profit or loss | ||
| Exchange difference in translating financial statements of foreign operations | 1644.53 | -295.3 |
| Gains and (losses) on effective portion of hedging instruments in a cash flow hedge | -6.47 | 36.96 |
| Tax on (b) above | 1.63 | -9.3 |
| Remeasurement of the defined benefit plans | – | – |
| Tax on (d) above | – | – |
| Other comprehensive profif for the year | 1675.24 | -170.88 |
| 1675.24 | -170.88 | |
| Total comprehensive profit for the year | 62,278.83 | 75,858.95 |
| Profit/(loss) for the year attributable to: | ||
| – Owners of the Company | 44,685.01 | 71,666.40 |
| – Non-controlling interest | 15,918.58 | 4,363.43 |
| Other comprehensive income for the year attributable to: | ||
| – Owners of the Company | 878.11 | -105.15 |
| – Non-controlling interest | 797.13 | -65.73 |
| Total comprehensive income for the year attributable to: | ||
| – Owners of the Company | 45,563.12 | 71,561.25 |
| – Non-controlling interest | 16,715.71 | 4,297.85 |
| Basic and Diluted Earnings per equity share of Rs. 10/- each (in Rs.) | 612.15 | 767.57 |
Inox Leasing And Finance Limited Consolidated Cash Flow Statement (Amt. In Lakhs)
| Particulars | 2023 | 2022 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Profit after tax but before exceptional item | 60,603.59 | 90,187.84 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 34,223.47 | 44,469.84 |
| Adjustments from changes in Equity | ||
| Other Comprehensive Income | 1675.24 | -170.88 |
| Transfer to Reserve on Consolidation | – | -2,197.00 |
| Transfer to Non Controlling interest | – | -4,400.83 |
| Adjustment on Consolidation/Demerger | – | -3,381.87 |
| On account of demerger of Renewable Energy Business | 417 | – |
| Investment entirely in nature of equity | -8,500.00 | 8,500.00 |
| Due to change in shareholding percentage | – | -47,089.15 |
| Elimination on sale of subsidiary | – | -60,622.15 |
| MAT Credit Adjustment | – | -43.86 |
| Operating profit before working capital changes | 88,419.29 | 25,251.95 |
| Changes in working capital | ||
| Adjustments for (increase) / decrease in operating assets: | ||
| Changes in Inventory | -66,443.84 | -15,994.35 |
| Other loans | -10397.69 | -104.77 |
| Other financial assets | 2,736.76 | -10,408.10 |
| Other non- financial assets | -23,258.00 | -6,400.77 |
| Trade receivables | -1,120.12 | -12,063.01 |
| Tax Assets and Liabilities | -3,173.38 | 9,176.38 |
| Adjustments for increase / (decrease) in operating liabilities: | ||
| Other financial liabilities | 12,436.07 | -2,60,918.14 |
| Provisions | 1,072.11 | -3,205.28 |
| Trade payables | 138.38 | -12,088.63 |
| Other non- financial liabilities | -34,896.61 | 24,115.60 |
| Cash flow from operating activities post working capital changes | -34,487.00 | -2,62,639.12 |
| Income- tax paid | – | – |
| Net cash flow from operating activities (A) | -34,487.00 | -2,62,639.12 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Additions in PPE, Investment Property and ROU (net) | -1,17,497.78 | -71,771.96 |
| Proceeds from sale of PPE, Investment Property and ROU | – | 7,920.55 |
| Adjustments of PPE, Investment Property and ROU | – | -8,539.50 |
| Movement due to Amalgamation/disposal of subsidiary | – | 3,07,783.39 |
| Movement due to Foreign Currency changes in PPE and Intangible assets | – | -364.52 |
| Changes in WIP | -43,742.13 | -8,210.20 |
| Changes in Goodwill and Intangible | -5,153.06 | 1,501.79 |
| Proceeds from term desposit | 3,368.06 | -2,800.68 |
| Proceeds from sale/ redemption of investments | 1,01,427.62 | 13,862.59 |
| Net cash used in investing activities (B) | -61,597.30 | 2,39,381.45 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from borrowings (net) | 3795.7 | |
| Dividend paid | -776.49 | 15,401.47 |
| Proceeds from issue of shares by IWEL Group | 88901.98 | – |
| Issue of Share Warrants | -500.00 | 2,250.00 |
| Forfeiture of Share Warrants | 37.54 | – |
| Buy back of shares | – | -163.48 |
| Net cash flow from financing activities (C) | 91,458.73 | 17,487.99 |
| Increase in cash and cash equivalents (A+B+C) | -4,625.57 | -5,769.68 |
| Cash and cash equivalents at the beginning of the year | 9,303.60 | 15,073.28 |
| Cash and cash equivalents at the end of the year | 4,678.03 | 9,303.60 |
| Note: Cash and cash equivalents included in the Cash Flow Statement comprise of the following:- | ||
| Cash on hand | 11.34 | 9.52 |
| Balances with banks: | ||
| – in current accounts | 3,001.33 | 8,853.10 |
| – in cash credit accounts | 1665.35 | 440.98 |
| Total | 4,678.03 | 9,303.60 |
Here ‘s a detailed breakdown of the Cash Flow Statement for the years 2023 and 2022:
Cash Flow from Operating Activities:
– 2023: The net cash flow from operating activities was negative at ₹34,487.00. This indicates that the company ‘s operating cash outflows exceeded its operating cash inflows during the year.
– 2022: Similarly, in 2022, the net cash flow from operating activities was negative at ₹2,62,639.12, indicating a significant deficit in operating cash flows.
Cash Flow from Investing Activities:
– 2023: The net cash used in investing activities amounted to ₹61,597.30. This suggests that the company made significant investments in assets such as property, plant, and equipment, as well as in term deposits and investments.
– 2022: In contrast, in 2022, there was a net cash inflow from investing activities of ₹2,39,381.45, primarily due to proceeds from the sale/redemption of investments.
Cash Flow from Financing Activities:
– 2023: The net cash flow from financing activities was positive at ₹91,458.73. This indicates that the company raised more cash from financing activities than it paid out during the year, primarily driven by proceeds from borrowings and issuance of shares.
– 2022: Similarly, in 2022, there was a net cash inflow from financing activities of ₹17,487.99, mainly due to proceeds from the issue of shares and borrowings, partially offset by dividend payments.
Increase in Cash and Cash Equivalents:
– 2023: There was a decrease in cash and cash equivalents by ₹4,625.57 during the year, indicating that the company ‘s cash outflows exceeded its cash inflows.
– 2022: Similarly, in 2022, there was a decrease in cash and cash equivalents by ₹5,769.68.
Cash and Cash Equivalents:
– 2023: The company ended the year with cash and cash equivalents totaling ₹4,678.03, significantly lower than the beginning balance of ₹9,303.60.
– 2022: In 2022, the company had cash and cash equivalents totaling ₹9,303.60 at the end of the year.
Financial Ratios of Inox Leasing And Finance Limited: N/A
Dividend History of Inox Leasing And Finance Limited:
| Particulars | 2023 |
| Dividend (final + interim) (In Rs.) | 36 |
