360 ONE WAM Ltd
IIFL Wealth Management Limited, founded in 2008, is one of the largest private wealth management firms in India. The company mainly acts as wealth manager and provides services relating to financial products distribution, advisory, portfolio management services by mobilizing funds and assets of various classes of investors including High Networth Individuals. [1][2]
- Market Cap ₹ 28,137 Cr.
- Current Price ₹ 784
- High / Low ₹ 901 / 398
- Stock P/E 41.4
- Book Value ₹ 71.3
- Dividend Yield 2.10 %
- ROCE 23.3 %
- ROE 27.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 234%
Cons
- Stock is trading at 11.0 times its book value
- The company has delivered a poor sales growth of 5.48% over past five years.
- Promoter holding is low: 17.8%
- Tax rate seems low
- Promoters have pledged 31.3% of their holding.
- Earnings include an other income of Rs.817 Cr.
- Company has high debtors of 162 days.
- Promoter holding has decreased over last 3 years: -5.16%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
214 | 370 | 405 | 444 | 709 | 116 | 398 | 748 | 576 | 645 | 151 | |
146 | 210 | 242 | 286 | 437 | 170 | 16 | 64 | 85 | 74 | 132 | |
Operating Profit | 68 | 160 | 163 | 159 | 272 | -54 | 382 | 683 | 491 | 571 | 19 |
OPM % | 32% | 43% | 40% | 36% | 38% | -47% | 96% | 91% | 85% | 88% | 13% |
0 | 0 | 0 | 0 | 10 | 220 | -100 | 19 | 19 | 19 | 817 | |
Interest | 5 | 12 | 17 | 18 | 61 | 14 | 48 | 25 | 44 | 60 | 86 |
Depreciation | 1 | 1 | 3 | 8 | 13 | 13 | 11 | 12 | 13 | 14 | 15 |
Profit before tax | 62 | 148 | 143 | 133 | 208 | 138 | 223 | 666 | 452 | 516 | 736 |
Tax % | 34% | 33% | 28% | 35% | 24% | -10% | 13% | 4% | 10% | 4% | 8% |
41 | 99 | 103 | 86 | 158 | 152 | 193 | 640 | 407 | 496 | 679 | |
EPS in Rs | 5.55 | 18.21 | 11.48 | 13.92 | 18.92 | ||||||
Dividend Payout % | 54% | 26% | 34% | 51% | 45% | 56% | 90% | 96% | 120% | 496% | 87% |
Compounded Sales Growth | |
---|---|
10 Years: | -3% |
5 Years: | 5% |
3 Years: | -41% |
TTM: | -77% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 74% |
3 Years: | 2% |
TTM: | 37% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 41% |
1 Year: | 87% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 21% |
3 Years: | 22% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 12 | 15 | 16 | 16 | 17 | 17 | 18 | 18 | 36 | 36 |
Reserves | 89 | 160 | 1,125 | 1,258 | 1,385 | 2,203 | 2,309 | 2,412 | 2,407 | 2,318 | 2,523 |
15 | 237 | 141 | 398 | 397 | 414 | 0 | 234 | 744 | 1,231 | 902 | |
48 | 93 | 70 | 290 | 474 | 36 | 196 | 42 | 958 | 466 | 1,457 | |
Total Liabilities | 164 | 502 | 1,350 | 1,961 | 2,272 | 2,670 | 2,522 | 2,706 | 4,127 | 4,051 | 4,918 |
1 | 6 | 12 | 23 | 27 | 61 | 288 | 279 | 278 | 271 | 287 | |
CWIP | 1 | 0 | 2 | 3 | 21 | 173 | 1 | 1 | 0 | 5 | 0 |
Investments | 44 | 133 | 1,174 | 1,114 | 1,243 | 2,140 | 1,984 | 2,042 | 3,143 | 2,956 | 3,629 |
117 | 362 | 163 | 820 | 981 | 296 | 250 | 384 | 705 | 819 | 1,002 | |
Total Assets | 164 | 502 | 1,350 | 1,961 | 2,272 | 2,670 | 2,522 | 2,706 | 4,127 | 4,051 | 4,918 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-14 | 214 | -65 | 304 | -161 | 137 | -64 | 1,107 | -434 | 793 | ||
-88 | -966 | -8 | -94 | -907 | 452 | 554 | -1,202 | 677 | 93 | ||
185 | 758 | 277 | -94 | 663 | -573 | -375 | 24 | -164 | -939 | ||
Net Cash Flow | 83 | 6 | 204 | 117 | -404 | 17 | 115 | -71 | 78 | -53 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87 | 31 | 49 | 162 | 73 | 628 | 66 | 29 | 7 | 4 | 162 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 87 | 31 | 49 | 162 | 73 | 628 | 66 | 29 | 7 | 4 | 162 |
Working Capital Days | 114 | 170 | -1 | 113 | -2 | 739 | 19 | 100 | -545 | -218 | -2,868 |
ROCE % | 61% | 19% | 10% | 16% | 2% | 15% | 28% | 17% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of the earnings call held on April 24, 2024.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1d
- Communication To Equity Shareholders Of The Company For Tax Deduction On Dividend 25 Apr
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Apr - Dated April 4, 2024, informing the exchanges regarding the details of the earnings call scheduled on Wednesday, April 24, 2024, at 2:00 p.m. (IST) to …
- Corporate Action-Board approves Dividend 23 Apr
Annual reports
Concalls
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Apr 2024Transcript PPT
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023TranscriptPPT
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Oct 2022TranscriptPPT
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Jul 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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Jun 2021TranscriptPPT
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May 2021TranscriptNotesPPT
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Mar 2021TranscriptPPT
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Feb 2021Transcript PPT
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Nov 2020TranscriptPPT
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Aug 2020Transcript PPT
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Jun 2020TranscriptPPT
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Feb 2020Transcript PPT
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Jan 2020TranscriptNotesPPT
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Oct 2019Transcript PPT
Revenue Split
Wealth Management: 83% in FY21 vs 91% in FY18
Asset Management: 17% in FY21 vs 9% in FY18. [1][2]