Edelweiss Financial Services Ltd

Edelweiss Financial Services Ltd

₹ 65.6 1.66%
26 Jul - close price
About

Incorporated in 1995, Edelweiss Financial Services Ltd provides Investment Banking and Advisory Services and holding company activities[1]

Key Points

Business Overview:[1]
Company is in the business of providing investment banking services and holding company activities comprising development, managerial and financial support to the business. EFSL has a client base of 1.2 million that is serviced through a network of 476 offices, with close to 11,000 employees. Company is present in 3 categories:
a) Credit (Retail, Corporate)
b) Investment & Advisory (Wealth Management, Asset Management)
c) Insurance (Life, General)

  • Market Cap 6,189 Cr.
  • Current Price 65.6
  • High / Low 87.8 / 43.7
  • Stock P/E 8.90
  • Book Value 57.9
  • Dividend Yield 2.29 %
  • ROCE 9.22 %
  • ROE 10.9 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.13 times its book value

Cons

  • Promoter holding is low: 32.8%
  • Tax rate seems low
  • Contingent liabilities of Rs.3,362 Cr.
  • Earnings include an other income of Rs.1,167 Cr.

* 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
166 106 125 197 429 127 57 82 2,143 98 7 -143 -101
855 77 82 107 17 43 249 75 104 65 42 37 41
Operating Profit -689 29 43 90 412 84 -193 7 2,039 33 -34 -180 -142
OPM % -415% 28% 34% 46% 96% 66% -340% 9% 95% 34% -457%
1,541 77 94 324 0 0 369 0 311 3 259 3 902
Interest 42 35 40 69 71 78 66 79 79 81 90 79 77
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 809 72 97 345 341 6 110 -73 2,271 -45 135 -257 682
Tax % -3% 0% -95% 3% 1% 79% -33% -11% -2% -102% -17% -24% -7%
837 72 189 333 340 1 146 -65 2,305 1 158 -195 732
EPS in Rs 8.95 0.76 2.02 3.53 3.60 0.01 1.55 -0.68 24.44 0.01 1.67 -2.07 7.75
Raw PDF
Upcoming result date: 2 August 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
157 215 248 335 450 421 303 223 1,715 1,368 3,089 -139
69 71 85 128 163 188 194 130 929 303 471 185
Operating Profit 88 144 163 208 287 232 109 93 787 1,065 2,618 -324
OPM % 56% 67% 66% 62% 64% 55% 36% 42% 46% 78% 85%
0 -0 0 3 0 20 17 22 6 5 -0 1,167
Interest 39 61 24 23 141 75 16 32 97 214 303 327
Depreciation 2 3 3 3 3 4 4 3 1 0 0 0
Profit before tax 47 80 137 185 144 173 106 80 694 855 2,315 516
Tax % 1% 9% 19% 16% 10% 20% 3% -4% -3% -9% -3% -35%
47 73 111 156 129 138 103 83 716 933 2,388 695
EPS in Rs 0.61 0.95 1.41 1.91 1.55 1.51 1.10 0.88 7.65 9.90 25.32 7.37
Dividend Payout % 100% 73% 71% 65% 84% 85% 121% 0% 18% 14% 6% 19%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -105%
Compounded Profit Growth
10 Years: 25%
5 Years: 47%
3 Years: -1%
TTM: -71%
Stock Price CAGR
10 Years: 6%
5 Years: -5%
3 Years: 8%
1 Year: 37%
Return on Equity
10 Years: 16%
5 Years: 20%
3 Years: 24%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 72 77 79 81 83 87 89 89 89 90 90 90
Reserves 1,121 1,302 1,395 1,523 1,636 3,267 3,263 3,366 4,037 4,910 7,165 5,373
925 849 4,867 841 821 28 366 147 838 2,432 2,589 2,968
41 47 168 133 127 150 79 78 1,017 610 875 448
Total Liabilities 2,159 2,275 6,509 2,578 2,668 3,532 3,797 3,679 5,981 8,042 10,719 8,879
6 6 5 4 7 7 5 3 1 1 1 1
CWIP 0 0 0 2 4 1 1 1 0 0 0 0
Investments 1,430 1,364 1,473 1,557 1,663 2,736 3,339 3,467 4,382 4,963 7,210 4,608
723 905 5,031 1,014 994 789 452 209 1,598 3,078 3,507 4,270
Total Assets 2,159 2,275 6,509 2,578 2,668 3,532 3,797 3,679 5,981 8,042 10,719 8,879

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,522 46 -3,863 4,012 220 293 -18 40 117 -589 -329 -1,266
88 133 -60 5 -32 -918 -244 221 -570 -377 285 1,265
-1,592 -184 3,993 -4,080 -179 604 263 -270 599 1,280 -284 -88
Net Cash Flow 18 -5 69 -62 10 -21 1 -10 147 314 -327 -89

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 29 36 39 102 42 50 64 52 4 3 4 -41
Inventory Days 0
Days Payable
Cash Conversion Cycle 29 36 39 102 42 50 64 52 4 3 4 -41
Working Capital Days 1,363 905 6,406 479 420 30 92 161 -181 -89 -71 -879
ROCE % 3% 7% 4% 5% 11% 8% 3% 3% 18% 17% 30% 9%

Shareholding Pattern

Numbers in percentages

5 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
32.82% 32.63% 32.62% 32.62% 32.62% 32.62% 32.62% 32.78% 32.77% 32.75% 32.75% 32.75%
31.77% 32.24% 30.98% 30.07% 31.51% 32.06% 32.22% 31.36% 31.29% 30.51% 28.89% 28.32%
3.18% 2.65% 2.65% 2.66% 2.66% 2.67% 2.68% 2.62% 2.62% 2.68% 2.70% 2.69%
27.45% 27.72% 28.98% 29.88% 28.44% 27.88% 27.74% 28.49% 28.55% 29.29% 30.90% 31.47%
4.79% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76%
No. of Shareholders 2,20,8722,18,5052,22,0822,25,7872,22,9602,16,4502,13,5762,20,9072,23,7162,40,6182,31,2902,39,237

* 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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