IIFL Finance Ltd

About [ edit ]

IIFL Finance is a Systemically Important - Non Deposit taking systematically important, non-deposit accepting non-banking financial company (NBFC-ND-SI), catering to the rising credit requirements of underserved markets through its diversified offerings. IIFL Finance along with its subsidiaries is mainly engaged in the financing business. The Companys diverse product suite, including Home Loans, Gold Loans, Business Loans including Loans Against Property and MSME Financing, Microfinance, Developer and Construction Finance and Capital Market Finance, caters to a broad spectrum of customers.

  • Market Cap 10,031 Cr.
  • Current Price 264
  • High / Low 347 / 58.2
  • Stock P/E 17.6
  • Book Value 132
  • Dividend Yield 1.14 %
  • ROCE 9.95 %
  • ROE 11.0 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 19.04%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.95% over past five years.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Revenue 1,699 1,155 1,175 1,250 1,398 1,191 1,154 1,141 1,287 1,287 1,466 1,489
Interest 701 615 660 680 629 615 582 599 602 693 641 611
572 257 302 386 500 312 335 299 679 521 568 545
Financing Profit 426 283 212 183 269 263 237 243 6 73 256 332
Financing Margin % 25% 25% 18% 15% 19% 22% 21% 21% 0% 6% 17% 22%
Other Income -8 22 29 15 148 18 9 19 36 8 50 42
Depreciation 19 6 7 7 12 24 28 27 27 24 27 26
Profit before tax 400 299 234 191 405 257 218 236 15 57 279 348
Tax % 30% 35% 31% 30% 25% 32% 60% 22% -304% 44% 24% 23%
Net Profit 228 30 136 116 306 175 86 182 59 32 213 268
EPS in Rs 7.16 0.95 4.28 3.63 9.57 5.47 2.69 5.71 1.55 0.83 5.62 7.09
Gross NPA % 2.31% 1.95%
Net NPA % 0.97% 0.86%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
Revenue 875 1,123 1,472 1,879 2,658 2,822 3,551 3,952 3,163 6,405 4,978 4,742 5,528
Interest 37 33 241 515 1,000 1,169 1,445 1,690 1,786 2,730 2,593 2,405 2,547
582 682 862 1,091 1,181 1,178 1,319 1,362 689 2,221 1,435 1,585 2,314
Financing Profit 257 407 369 273 477 475 787 900 689 1,454 950 752 667
Financing Margin % 29% 36% 25% 15% 18% 17% 22% 23% 22% 23% 19% 16% 12%
Other Income 2 1 2 7 7 13 -4 8 375 61 212 79 135
Depreciation 40 53 58 80 84 68 59 66 16 67 32 106 104
Profit before tax 219 355 313 200 400 420 724 843 1,048 1,448 1,130 725 699
Tax % 28% 34% 31% 32% 30% 31% 34% 34% 22% 30% 30% 31%
Net Profit 145 232 215 136 272 278 447 511 686 795 795 502 571
EPS in Rs 5.11 8.13 7.50 4.71 9.22 9.39 14.42 16.15 21.58 24.91 24.89 13.26 15.09
Dividend Payout % 55% 37% 40% 32% 33% 32% 21% 26% 21% 20% 20% 17%
Compounded Sales Growth
10 Years:15%
5 Years:6%
3 Years:14%
TTM:13%
Compounded Profit Growth
10 Years:8%
5 Years:2%
3 Years:-10%
TTM:-15%
Stock Price CAGR
10 Years:23%
5 Years:22%
3 Years:-11%
1 Year:199%
Return on Equity
10 Years:15%
5 Years:16%
3 Years:15%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
57 57 57 58 59 59 62 63 64 64 64 76 76
Reserves 1,477 1,547 1,607 1,696 1,900 2,093 2,496 3,289 4,318 4,679 4,279 4,684 4,918
Borrowings 52 1,518 2,928 5,982 9,575 10,516 14,639 15,948 24,330 34,326 26,517 27,274 28,609
1,264 1,610 1,586 1,763 1,570 1,846 2,221 3,566 5,049 5,426 2,379 2,307 1,711
Total Liabilities 2,849 4,733 6,179 9,499 13,104 14,514 19,418 22,866 33,761 44,495 33,239 34,341 35,314
278 403 438 512 465 472 500 533 656 871 369 596 575
CWIP 7 34 37 11 14 24 10 6 71 110 7 2 1
Investments 315 482 342 685 1,129 1,012 1,283 1,867 4,153 2,150 212 755 135
2,249 3,813 5,362 8,291 11,496 13,006 17,624 20,461 28,881 41,365 32,651 32,988 34,603
Total Assets 2,849 4,733 6,179 9,499 13,104 14,514 19,418 22,866 33,761 44,495 33,239 34,341 35,314

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
597 -480 -1,045 -1,853 -1,905 -63 -2,126 -54 -4,329 -10,483 422 1,005
438 -308 24 -620 -333 60 -361 -671 -2,602 -374 562 -894
-764 967 1,046 2,503 2,776 17 2,904 525 9,094 8,468 20 179
Net Cash Flow 270 179 25 30 538 14 417 -200 2,162 -2,389 1,004 290

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROE % 10% 15% 13% 8% 15% 14% 19% 17% 18% 17% 16% 11%

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
28.96 28.95 28.95 28.95 29.03 29.03 29.18 29.40 24.94 24.99 24.99 24.98
23.04 23.08 22.80 23.36 23.96 23.99 24.30 24.46 20.11 18.65 18.38 18.08
2.52 2.53 2.73 2.45 1.43 1.32 0.84 0.47 0.35 0.05 0.00 0.01
45.46 45.42 45.50 45.22 45.55 45.64 45.65 45.67 54.60 56.31 56.63 56.93
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00 0.00 0.00

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