IIFL Securities Ltd
Incorporated in 1996 as a broking arm of the IIFL Group, IIFL Securities Limited provides retail and institutional equities, financial products distribution, commodity broking, currency broking, investment banking, financial planning and wealth management services to retail and institutional customers across India. [1]
- Market Cap ₹ 1,974 Cr.
- Current Price ₹ 64.8
- High / Low ₹ 106 / 61.6
- Stock P/E 8.15
- Book Value ₹ 42.1
- Dividend Yield 4.63 %
- ROCE 32.4 %
- ROE 27.7 %
- Face Value ₹ 2.00
Pros
- Stock is providing a good dividend yield of 4.63%.
- Company has been maintaining a healthy dividend payout of 23.6%
Cons
- Promoter holding is low: 31.2%
- Contingent liabilities of Rs.845 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|
| 933 | 870 | 758 | 841 | 1,295 | 1,297 | |
| 491 | 461 | 432 | 487 | 749 | 858 | |
| Operating Profit | 441 | 409 | 326 | 354 | 546 | 438 |
| OPM % | 47% | 47% | 43% | 42% | 42% | 34% |
| 14 | 6 | 134 | 27 | 22 | 30 | |
| Interest | 145 | 115 | 103 | 50 | 102 | 74 |
| Depreciation | 37 | 42 | 55 | 46 | 63 | 67 |
| Profit before tax | 274 | 258 | 301 | 285 | 402 | 327 |
| Tax % | 34% | 34% | 22% | 23% | 24% | |
| Net Profit | 181 | 171 | 234 | 220 | 306 | 242 |
| EPS in Rs | 96.47 | 91.58 | 7.32 | 7.27 | 10.07 | 7.98 |
| Dividend Payout % | 0% | 0% | 27% | 14% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|
| 64 | 64 | 64 | 61 | 61 | 61 | |
| Reserves | 560 | 667 | 816 | 907 | 1,121 | 1,224 |
| 1,097 | 759 | 459 | 292 | 607 | 708 | |
| 1,205 | 1,624 | 1,095 | 2,285 | 4,252 | 3,496 | |
| Total Liabilities | 2,862 | 3,050 | 2,434 | 3,544 | 6,041 | 5,489 |
| 512 | 393 | 402 | 488 | 482 | 463 | |
| CWIP | 84 | 86 | 130 | 47 | 3 | 1 |
| Investments | 159 | 140 | 231 | 74 | 228 | 144 |
| 2,107 | 2,431 | 1,671 | 2,936 | 5,329 | 4,881 | |
| Total Assets | 2,862 | 3,050 | 2,434 | 3,544 | 6,041 | 5,489 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| -110 | 587 | 352 | 152 | 795 | |
| -118 | 0 | 21 | 148 | -86 | |
| 462 | -494 | -514 | -361 | 108 | |
| Net Cash Flow | 234 | 93 | -141 | -62 | 817 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| Debtor Days | 10 | 10 | 16 | 15 | 8 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 10 | 10 | 16 | 15 | 8 |
| Working Capital Days | -12 | -282 | -239 | -498 | -891 |
| ROCE % | 23% | 21% | 25% | 32% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
31 Jan - Transcript of the earnings call held on Tuesday, January 24, 2023. The same is also made available on the website of the Company i.e. https://www.indiainfoline.com/securities/reports/IIFL_Securities_Limited-Q3FY23_Transcript.pdf …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Jan - Copies of the Unaudited Financial Results of IIFL Securities Limited, for the quarter and nine months ended December 31, 2022, published in 'Business Standard' (English) …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
24 Jan - With reference to our letter dated January 20, 2023. The recording of the Earnings Call held on Tuesday, January 24, 2023 at 12.00 noon IST, …
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Announcement under Regulation 30 (LODR)-Investor Presentation
23 Jan - Investor Presentation on the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2022. Kindly take the above on …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Jan - Press release on the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2022.
Annual reports
Concalls
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Jan 2023TranscriptPPT
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Dec 2022Transcript PPT
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Oct 2022TranscriptPPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Jan 2021TranscriptPPT
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Oct 2020Transcript PPT
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Jul 2020Transcript PPT
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May 2020Transcript PPT
Products and Services
Retail broking - Equities, Commodities and Currency Broking, Financial Planning, Depository Participant Services, Distribution of Mutual Funds and Bonds, PMS, AIF, Retirement Planning and Estate Planning. [1]
Institutional broking - Broking services, Corporate access & Research support [2]
Investment banking - IPO, Qualified Institutional Placement, Rights Issues, Preferential Placement, Follow-on Public Offer, Mergers & Acquisitions, Share Buybacks, Tender Offers and Delisting, Advisory services [3]