360 ONE WAM Ltd

360 ONE WAM Ltd

₹ 1,187 -1.06%
13 Dec - close price
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

Segment[1]
Wealth Management - Discretionary/Non-Discretionary Advisory, Lending Solutions, estate planning, Financial product distribution, Transaction and Product distribution, Corporate Treasury Services, etc. It has ~7200 clients. It also has an HNI segment of Rs. 5 Crs - 25 Crs.

  • Market Cap 46,031 Cr.
  • Current Price 1,187
  • High / Low 1,226 / 592
  • Stock P/E 46.7
  • Book Value 107
  • Dividend Yield 1.39 %
  • ROCE 14.5 %
  • ROE 24.5 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 177%

Cons

  • Stock is trading at 11.1 times its book value
  • Promoter holding has decreased over last quarter: -1.01%
  • Promoter holding is low: 14.8%
  • Promoters have pledged 43.2% of their holding.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
486 536 447 471 505 517 482 573 550 630 792 849 863
217 267 258 180 188 189 210 220 237 255 505 272 324
Operating Profit 269 269 189 291 316 328 272 353 313 375 287 577 539
OPM % 55% 50% 42% 62% 63% 63% 56% 62% 57% 60% 36% 68% 62%
17 34 132 8 19 13 48 8 73 41 259 -1 28
Interest 87 95 96 88 98 106 108 125 146 167 207 214 230
Depreciation 11 10 10 10 12 12 12 13 14 14 17 16 17
Profit before tax 188 198 214 201 226 223 200 224 227 235 323 345 319
Tax % 24% 23% 23% 22% 23% 23% 22% 18% 18% 18% 25% 29% 23%
142 153 165 157 174 172 155 184 186 192 243 244 245
EPS in Rs 4.03 4.31 4.66 4.41 4.91 4.82 4.37 5.15 5.21 5.36 6.76 6.72 6.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,705 1,578 1,521 1,654 2,072 2,057 2,921 3,134
652 589 698 715 915 766 1,216 1,356
Operating Profit 1,053 990 823 939 1,157 1,291 1,705 1,777
OPM % 62% 63% 54% 57% 56% 63% 58% 57%
10 1 6 2 6 5 4 327
Interest 559 431 502 414 370 399 643 818
Depreciation 14 22 41 43 42 46 57 64
Profit before tax 490 538 286 485 751 850 1,009 1,222
Tax % 22% 30% 30% 24% 23% 23% 20%
380 375 201 369 578 658 804 924
EPS in Rs 5.77 10.50 16.28 18.48 22.41 25.57
Dividend Payout % 19% 23% 87% 167% 84% 373% 74%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 21%
TTM: 48%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 29%
TTM: 42%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 45%
1 Year: 77%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 22%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 17 17 18 18 36 36 36
Reserves 1,847 2,894 2,974 2,810 3,006 3,086 3,414 3,872
6,966 6,103 8,838 5,077 5,808 6,784 9,472 10,901
737 749 1,191 834 1,903 1,285 2,193 938
Total Liabilities 9,567 9,763 13,021 8,739 10,734 11,191 15,114 15,746
31 337 608 837 816 880 940 1,012
CWIP 22 173 1 2 0 39 64 0
Investments 1,111 3,053 6,512 2,513 4,072 3,609 5,948 5,806
8,403 6,200 5,899 5,386 5,846 6,663 8,163 8,928
Total Assets 9,567 9,763 13,021 8,739 10,734 11,191 15,114 15,746

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2,772 1,852 1,628 463 929 -1,323 -470
1,073 -2,133 -3,361 4,128 -1,128 788 -1,574
1,263 -80 2,290 -4,836 251 556 1,978
Net Cash Flow -437 -362 557 -245 52 21 -67

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 42 68 58 50 47 54 41
Inventory Days 0
Days Payable
Cash Conversion Cycle 42 68 58 50 47 54 41
Working Capital Days -37 50 -18 17 -166 -41 -121
ROCE % 11% 8% 9% 13% 13% 14%

Shareholding Pattern

Numbers in percentages

137 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
23.14% 23.21% 23.19% 22.03% 22.02% 21.46% 20.84% 17.78% 17.76% 15.79% 15.71% 14.77%
22.13% 22.36% 23.01% 61.16% 64.83% 63.93% 61.87% 62.48% 63.22% 64.56% 65.58% 65.37%
3.57% 3.17% 3.05% 2.18% 2.22% 3.79% 6.36% 8.87% 8.34% 8.72% 8.46% 9.93%
51.17% 51.27% 50.74% 14.63% 10.94% 10.82% 10.92% 10.86% 10.70% 10.92% 10.23% 9.92%
No. of Shareholders 30,86527,82627,68529,11735,48035,92138,10242,62246,51258,78674,07474,075

* 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.

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