Edelweiss Financial Services Ltd

Edelweiss Financial Services Ltd

₹ 75.7 4.70%
19 Apr - 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 7,144 Cr.
  • Current Price 75.7
  • High / Low 87.8 / 33.2
  • Stock P/E 17.8
  • Book Value 46.7
  • Dividend Yield 1.98 %
  • ROCE 9.86 %
  • ROE 5.18 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 52.3%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.87% over past five years.
  • Promoter holding is low: 32.8%
  • Tax rate seems low
  • Company has a low return on equity of 4.02% 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

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
2,179 3,058 1,633 1,821 1,603 1,911 1,173 2,091 2,149 3,012 1,979 2,156 2,398
1,346 2,878 858 1,065 1,025 1,108 584 1,418 1,399 2,209 1,262 1,366 1,566
Operating Profit 832 180 775 756 578 803 589 672 749 803 717 790 832
OPM % 38% 6% 47% 42% 36% 42% 50% 32% 35% 27% 36% 37% 35%
13 1,423 37 68 307 38 125 46 61 51 17 9 17
Interest 925 958 802 748 704 729 626 646 646 656 680 662 727
Depreciation 55 90 36 36 53 26 32 30 26 50 30 31 32
Profit before tax -135 555 -26 40 127 86 56 43 138 148 24 106 89
Tax % 53% -15% 198% -62% 40% 47% 36% -80% 12% -16% -224% 11% -71%
-63 637 25 65 76 45 35 77 122 172 78 95 152
EPS in Rs -0.75 6.72 0.19 0.61 0.75 0.45 0.28 0.71 1.07 1.58 0.54 0.81 1.33
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,667 2,179 2,535 3,887 5,256 6,604 8,878 11,078 9,544 10,775 7,151 8,500 9,545
599 760 938 1,481 1,987 2,759 3,592 4,507 7,034 6,609 3,947 5,667 6,403
Operating Profit 1,067 1,419 1,597 2,406 3,269 3,845 5,286 6,571 2,510 4,166 3,204 2,833 3,142
OPM % 64% 65% 63% 62% 62% 58% 60% 59% 26% 39% 45% 33% 33%
3 5 5 7 12 15 42 88 59 74 158 264 94
Interest 830 1,113 1,211 1,832 2,620 2,810 3,876 4,783 4,793 3,834 2,984 2,575 2,725
Depreciation 42 51 52 72 90 106 104 132 232 260 151 138 143
Profit before tax 199 259 339 510 571 943 1,349 1,744 -2,457 146 227 385 368
Tax % 34% 34% 40% 40% 41% 42% 38% 40% 17% -74% 7% -5%
131 171 217 326 383 563 837 1,044 -2,044 254 212 406 497
EPS in Rs 1.69 2.34 2.86 4.15 5.09 7.32 9.43 10.67 -21.89 2.84 2.00 3.65 4.26
Dividend Payout % 36% 26% 24% 24% 25% 18% 14% 12% 0% 49% 69% 39%
Compounded Sales Growth
10 Years: 15%
5 Years: -1%
3 Years: -4%
TTM: 30%
Compounded Profit Growth
10 Years: 7%
5 Years: -16%
3 Years: 29%
TTM: 69%
Stock Price CAGR
10 Years: 14%
5 Years: -5%
3 Years: 28%
1 Year: 123%
Return on Equity
10 Years: 4%
5 Years: -1%
3 Years: 4%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 76 72 77 79 81 83 87 89 89 89 90 90 90
Reserves 2,560 2,386 2,813 3,081 3,593 4,246 6,796 7,588 6,040 6,488 6,448 6,654 4,315
10,414 11,534 12,948 23,540 27,773 33,379 48,964 46,148 36,657 28,436 22,768 21,791 20,243
1,495 2,238 2,352 3,780 5,537 7,115 7,473 10,076 11,230 11,121 13,758 15,346 16,483
Total Liabilities 14,545 16,229 18,190 30,481 36,985 44,823 63,321 63,900 54,016 46,134 43,063 43,882 41,130
560 496 481 559 664 637 1,055 1,265 2,345 1,781 1,597 1,367 1,339
CWIP 102 2 53 106 30 101 42 44 43 13 20 25 2
Investments 1,401 1,211 2,126 2,792 2,696 6,878 7,887 12,713 10,012 12,882 14,139 17,162 12,133
12,482 14,520 15,530 27,023 33,594 37,208 54,336 49,879 41,615 31,458 27,307 25,327 27,657
Total Assets 14,545 16,229 18,190 30,481 36,985 44,823 63,321 63,900 54,016 46,134 43,063 43,882 41,130

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-887 -151 -9,183 -3,762 -497 -12,969 5,685 12,098 3,458 5,592 1,720
-1,081 -1,026 -867 -62 -4,323 -530 -1,312 199 4,085 -1,058 746
1,792 1,263 10,019 3,802 5,112 14,868 -3,665 -10,471 -8,587 -6,444 -1,708
Net Cash Flow -176 87 -31 -22 292 1,369 708 1,827 -1,044 -1,910 757

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 41 27 61 41 36 61 124 91 50 17 24 18
Inventory Days
Days Payable
Cash Conversion Cycle 41 27 61 41 36 61 124 91 50 17 24 18
Working Capital Days 1,231 880 943 1,115 1,011 750 165 -140 -237 -221 -479 -472
ROCE % 9% 10% 10% 11% 11% 11% 11% 12% 5% 10% 10% 10%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.85% 32.82% 32.63% 32.62% 32.62% 32.62% 32.62% 32.62% 32.78% 32.77% 32.75% 32.75%
29.85% 31.77% 32.24% 30.98% 30.07% 31.51% 32.06% 32.22% 31.36% 31.29% 30.51% 28.89%
4.53% 3.18% 2.65% 2.65% 2.66% 2.66% 2.67% 2.68% 2.62% 2.62% 2.68% 2.70%
27.97% 27.45% 27.72% 28.98% 29.88% 28.44% 27.88% 27.74% 28.49% 28.55% 29.29% 30.90%
4.79% 4.79% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76% 4.76%
No. of Shareholders 1,89,1602,20,8722,18,5052,22,0822,25,7872,22,9602,16,4502,13,5762,20,9072,23,7162,40,6182,31,290

* 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.

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