360 ONE WAM Ltd

360 ONE WAM Ltd

₹ 695 -2.66%
22 Feb 12:12 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 24,910 Cr.
  • Current Price 695
  • High / Low 745 / 395
  • Stock P/E 34.8
  • Book Value 91.1
  • Dividend Yield 2.48 %
  • ROCE 13.4 %
  • ROE 21.4 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 208%

Cons

  • Stock is trading at 7.70 times its book value
  • Promoter holding has decreased over last quarter: -3.07%
  • The company has delivered a poor sales growth of 3.84% over past five years.
  • Promoter holding is low: 17.8%
  • Promoters have pledged 31.3% 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.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
455 420 381 486 536 447 471 505 517 480 573 561 648
222 196 173 217 267 258 180 188 189 209 220 237 255
Operating Profit 232 224 209 269 269 189 291 316 328 271 353 324 392
OPM % 51% 53% 55% 55% 50% 42% 62% 63% 63% 56% 62% 58% 61%
11 16 44 17 34 132 8 19 13 50 8 62 24
Interest 104 94 91 87 95 96 88 98 106 108 125 146 168
Depreciation 11 11 10 11 10 10 10 12 12 12 13 14 14
Profit before tax 128 135 151 188 198 214 201 226 223 200 224 227 235
Tax % 25% 23% 23% 24% 23% 23% 22% 23% 23% 22% 18% 18% 18%
96 103 117 142 153 165 157 174 172 155 184 186 192
EPS in Rs 2.75 2.94 3.32 4.03 4.31 4.66 4.41 4.91 4.82 4.37 5.15 5.21 5.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,705 1,578 1,521 1,654 2,072 2,059 2,261
652 589 698 715 915 767 921
Operating Profit 1,053 990 823 939 1,157 1,292 1,340
OPM % 62% 63% 54% 57% 56% 63% 59%
10 1 6 2 6 5 145
Interest 559 431 502 414 370 400 546
Depreciation 14 22 41 43 42 46 53
Profit before tax 490 538 286 485 751 850 886
Tax % 22% 30% 30% 24% 23% 23%
380 375 201 369 578 658 717
EPS in Rs 5.77 10.50 16.28 18.48 20.09
Dividend Payout % 19% 23% 87% 167% 84% 373%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 11%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 48%
TTM: 7%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 35%
1 Year: 60%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 18%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 17 17 18 18 36 36
Reserves 1,847 2,894 2,974 2,810 3,006 3,086 3,229
6,966 6,103 8,838 5,077 5,808 6,747 7,901
737 749 1,191 834 1,903 1,321 1,377
Total Liabilities 9,567 9,763 13,021 8,739 10,734 11,191 12,544
31 337 608 837 816 880 952
CWIP 22 173 1 2 0 39 0
Investments 1,111 3,053 6,512 2,513 4,072 3,609 4,500
8,403 6,200 5,899 5,386 5,846 6,663 7,092
Total Assets 9,567 9,763 13,021 8,739 10,734 11,191 12,544

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-2,772 1,852 1,628 463 929 -1,345
1,073 -2,133 -3,361 4,128 -1,128 786
1,263 -80 2,290 -4,836 251 580
Net Cash Flow -437 -362 557 -245 52 21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 42 68 58 50 47 57
Inventory Days
Days Payable
Cash Conversion Cycle 42 68 58 50 47 57
Working Capital Days -37 50 -18 17 -166 -47
ROCE % 11% 8% 9% 13% 13%

Shareholding Pattern

Numbers in percentages

67 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
22.92% 22.91% 22.78% 23.15% 23.14% 23.21% 23.19% 22.03% 22.02% 21.46% 20.84% 17.78%
24.20% 24.91% 25.67% 22.69% 22.13% 22.36% 23.01% 61.16% 64.83% 63.93% 61.87% 62.48%
2.04% 1.37% 1.39% 3.15% 3.57% 3.17% 3.05% 2.18% 2.22% 3.79% 6.36% 8.87%
50.84% 50.82% 50.16% 51.01% 51.17% 51.27% 50.74% 14.63% 10.94% 10.82% 10.92% 10.86%
No. of Shareholders 20,83222,56526,17425,11530,86527,82627,68529,11735,48035,92138,10242,622

* 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