360 ONE WAM Ltd

360 ONE WAM Ltd

₹ 803 4.84%
24 Apr 2:46 p.m.
About

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]

Key Points

Revenue Split
Wealth Management: 83% in FY21 vs 91% in FY18
Asset Management: 17% in FY21 vs 9% in FY18. [1][2]

  • Market Cap 28,820 Cr.
  • Current Price 803
  • High / Low 914 / 398
  • Stock P/E 42.4
  • Book Value 71.3
  • Dividend Yield 2.04 %
  • ROCE 23.3 %
  • ROE 27.6 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 11.2 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
55 40 26 8 14 15 48 39 10 23 68 68 12
15 20 18 21 27 17 17 20 19 22 24 30 56
Operating Profit 40 21 8 -12 -13 -2 30 19 -9 2 44 38 -44
OPM % 73% 51% 31% -145% -90% -16% 63% 48% -90% 7% 65% 56% -354%
244 48 117 43 297 49 258 110 134 136 217 141 304
Interest 10 8 12 13 11 12 15 16 17 18 18 22 29
Depreciation 3 3 3 3 3 3 3 4 4 3 4 3 4
Profit before tax 271 58 110 15 271 32 271 110 104 116 239 153 227
Tax % 5% 18% 4% -18% 12% 1% 2% 4% 9% 0% 8% 6% 12%
258 48 105 18 238 32 264 106 94 116 219 143 201
EPS in Rs 7.35 1.35 2.97 0.51 6.70 0.89 7.44 2.98 2.65 3.24 6.14 4.00 5.59
Raw PDF

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% 0%
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: 84%
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
-88 -966 -8 -94 -907 452 554 -1,202 677
185 758 277 -94 663 -573 -375 24 -164
Net Cash Flow 83 6 204 117 -404 17 115 -71 78

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%

Shareholding Pattern

Numbers in percentages

27 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
22.91% 22.78% 23.15% 23.14% 23.21% 23.19% 22.03% 22.02% 21.46% 20.84% 17.78% 17.76%
24.91% 25.67% 22.69% 22.13% 22.36% 23.01% 61.16% 64.83% 63.93% 61.87% 62.48% 63.22%
1.37% 1.39% 3.15% 3.57% 3.17% 3.05% 2.18% 2.22% 3.79% 6.36% 8.87% 8.34%
50.82% 50.16% 51.01% 51.17% 51.27% 50.74% 14.63% 10.94% 10.82% 10.92% 10.86% 10.70%
No. of Shareholders 22,56526,17425,11530,86527,82627,68529,11735,48035,92138,10242,62246,512

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls