India Lease Development Ltd

India Lease Development Ltd

₹ 10.1 6.79%
18 Jun 11:00 a.m.
About

India Lease Development Limited was incorporated in New Delhi in 1984. The Company is registered with RBI as a Non Systemically Important Non Deposit taking NBFC Company and is engaged in Hire Purchase & Leasing. [1]

Key Points

Loan Book:[1] 2.56 cr. in FY21 (vs 10.19 cr. in FY20).
Bill discounting: ~52% of loan book (up from 13% in FY20).
Inter-corporate deposits: ~25% of loan book (down from 75% in FY20)
Loans on demand: 23% of loan book (up from 12% in FY20)

  • Market Cap 14.8 Cr.
  • Current Price 10.1
  • High / Low 14.3 / 5.21
  • Stock P/E
  • Book Value 7.51
  • Dividend Yield 0.00 %
  • ROCE -1.26 %
  • ROE -1.35 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.23% over past five years.
  • Company has a low return on equity of -1.13% over last 3 years.

* 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

Figures in Rs. Crores

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
0.16 0.25 0.15 0.17 -0.05 0.11 0.14 0.13 0.15 0.13 0.15 0.14 0.14
0.26 0.17 0.46 0.14 2.70 0.17 0.12 0.13 0.22 0.19 0.14 0.14 0.31
Operating Profit -0.10 0.08 -0.31 0.03 -2.75 -0.06 0.02 0.00 -0.07 -0.06 0.01 0.00 -0.17
OPM % -62.50% 32.00% -206.67% 17.65% -54.55% 14.29% 0.00% -46.67% -46.15% 6.67% 0.00% -121.43%
0.05 0.00 0.32 0.01 2.49 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.09
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.05 0.08 0.01 0.04 -0.26 -0.03 0.02 0.00 -0.07 -0.06 0.01 0.00 -0.08
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -12.50%
-0.05 0.08 0.01 0.03 -0.26 -0.03 0.02 0.00 -0.07 -0.06 0.01 0.00 -0.10
EPS in Rs -0.03 0.05 0.01 0.02 -0.18 -0.02 0.01 0.00 -0.05 -0.04 0.01 0.00 -0.07
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.74 0.38 0.72 0.79 0.67 0.83 0.66 0.65 0.65 0.53 0.57 0.56
1.01 0.89 1.00 0.80 0.86 0.87 0.81 6.18 0.72 3.48 0.65 0.79
Operating Profit -0.27 -0.51 -0.28 -0.01 -0.19 -0.04 -0.15 -5.53 -0.07 -2.95 -0.08 -0.23
OPM % -36.49% -134.21% -38.89% -1.27% -28.36% -4.82% -22.73% -850.77% -10.77% -556.60% -14.04% -41.07%
-0.03 0.34 0.03 0.06 0.11 0.05 0.00 6.84 0.05 2.81 0.00 0.09
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.31 -0.18 -0.26 0.05 -0.08 0.01 -0.15 1.31 -0.02 -0.14 -0.08 -0.14
Tax % 6.45% 0.00% 0.00% 0.00% 0.00% 0.00% -153.33% 0.00% 0.00% 0.00% 0.00% -7.14%
-0.30 -0.18 -0.26 0.05 -0.08 0.01 -0.38 1.31 -0.02 -0.14 -0.08 -0.15
EPS in Rs -0.20 -0.12 -0.18 0.03 -0.05 0.01 -0.26 0.89 -0.01 -0.10 -0.05 -0.10
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 4%
5 Years: -3%
3 Years: -5%
TTM: -2%
Compounded Profit Growth
10 Years: 2%
5 Years: 10%
3 Years: %
TTM: -88%
Stock Price CAGR
10 Years: 2%
5 Years: 1%
3 Years: -6%
1 Year: 52%
Return on Equity
10 Years: 0%
5 Years: 2%
3 Years: -1%
Last Year: -1%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14.71 14.71 14.71 14.71 14.71 14.71 14.71 14.71 14.71 14.71 14.71 14.71
Reserves -6.22 -6.40 -6.66 -6.61 -6.69 -6.68 -5.47 -5.42 -4.12 -4.03 -3.53 -3.67
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9.91 9.58 9.74 9.71 9.74 9.48 9.35 3.27 3.09 0.39 0.36 0.29
Total Liabilities 18.40 17.89 17.79 17.81 17.76 17.51 18.59 12.56 13.68 11.07 11.54 11.33
0.00 0.00 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.00 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.20 1.91 1.91 1.78 1.78 1.38 2.83 1.55 2.85 10.59 10.89 10.79
16.20 15.98 15.85 16.00 15.95 16.10 15.73 10.98 10.80 0.48 0.65 0.54
Total Assets 18.40 17.89 17.79 17.81 17.76 17.51 18.59 12.56 13.68 11.07 11.54 11.33

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.36 -0.89 -0.26 -0.13 -0.66 -1.06 -0.81 -0.89 -0.56 -0.48 -0.57 -0.67
2.21 0.29 -0.03 0.27 0.51 1.22 0.65 0.65 0.65 -7.11 0.73 0.60
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.23 7.63 -0.05 0.00 0.00
Net Cash Flow 0.85 -0.60 -0.29 0.14 -0.14 0.16 -0.16 -0.01 7.72 -7.65 0.16 -0.07

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 1,770.74 3,236.97 1,703.33 1,552.41 1,814.10 1,464.40 1,841.59 151.62 151.62 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 1,770.74 3,236.97 1,703.33 1,552.41 1,814.10 1,464.40 1,841.59 151.62 151.62 0.00 0.00 0.00
Working Capital Days 4,365.20 8,894.47 4,739.93 4,264.49 5,060.97 4,208.49 -3,074.85 -1,403.85 -1,443.15 -34.43 6.40 -19.55
ROCE % -3.12% -2.14% -3.42% 0.62% -0.99% 0.12% -1.74% 14.14% -0.20% -1.32% -0.73%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.61% 70.42% 70.42% 70.42% 70.42% 70.42% 70.46% 70.46% 70.46% 70.46% 70.49% 70.49%
5.05% 5.05% 5.05% 5.05% 5.05% 5.05% 5.05% 5.05% 5.05% 5.05% 5.05% 5.04%
25.34% 24.52% 24.52% 24.52% 24.52% 24.52% 24.48% 24.49% 24.49% 24.49% 24.44% 24.45%
No. of Shareholders 8,2628,2538,4178,5048,5118,5058,4658,4268,3988,3808,4748,548

* 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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