IIFL Securities Ltd

IIFL Securities Ltd

₹ 159 1.02%
27 Feb 4:01 p.m.
About

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]

Key Points

[1]Products and Service[1]
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. [2]
Institutional broking - Broking services, Corporate access & Research support [3]
Investment banking - IPO, Qualified Institutional Placement, Rights Issues, Preferential Placement, Follow-on Public Offer, Mergers & Acquisitions, Share Buybacks, Tender Offers and Delisting, Advisory services [4]

  • Market Cap 4,888 Cr.
  • Current Price 159
  • High / Low 180 / 48.2
  • Stock P/E 11.6
  • Book Value 50.0
  • Dividend Yield 1.89 %
  • ROCE 22.9 %
  • ROE 19.6 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 26.7%

Cons

  • Promoter holding is low: 31.0%
  • Contingent liabilities of Rs.1,706 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.

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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
201 238 251 299 336 347 292 317 342 402 409 507 559
125 140 153 176 199 221 198 212 226 250 271 348 318
Operating Profit 76 98 98 123 137 125 93 104 116 152 138 159 240
OPM % 38% 41% 39% 41% 41% 36% 32% 33% 34% 38% 34% 31% 43%
14 18 17 19 32 15 3 7 5 3 2 27 23
Interest 10 14 13 30 39 18 19 19 18 19 21 30 43
Depreciation 11 11 15 15 16 17 16 17 17 17 16 16 18
Profit before tax 68 92 87 97 113 105 61 75 85 119 102 140 203
Tax % 26% 16% 21% 25% 24% 25% 29% 26% 24% 27% 27% 23% 26%
51 77 69 72 86 79 43 55 65 86 75 108 151
EPS in Rs 1.58 2.55 2.27 2.38 2.84 2.60 1.43 1.83 2.12 2.83 2.45 3.52 4.88
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
933 870 758 841 1,295 1,361 1,877
491 461 432 487 749 886 1,187
Operating Profit 441 409 326 354 546 475 689
OPM % 47% 47% 43% 42% 42% 35% 37%
14 6 134 27 22 10 55
Interest 145 115 103 50 102 77 114
Depreciation 37 42 55 46 63 67 67
Profit before tax 274 258 301 285 402 341 564
Tax % 34% 34% 22% 23% 24% 27%
181 171 234 220 306 250 419
EPS in Rs 96.47 91.58 7.32 7.27 10.07 8.19 13.68
Dividend Payout % 0% 0% 27% 14% 30% 37%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 22%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 19%
TTM: 73%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 43%
1 Year: 190%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 23%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 64 61 61 61 61
Reserves 560 667 816 907 1,121 1,289 1,474
1,097 759 459 292 607 486 901
1,205 1,624 1,095 2,285 4,252 3,401 4,565
Total Liabilities 2,862 3,050 2,434 3,544 6,041 5,237 7,001
512 393 402 488 482 440 414
CWIP 84 86 130 47 3 1 9
Investments 159 140 231 74 228 90 102
2,107 2,431 1,671 2,936 5,329 4,707 6,477
Total Assets 2,862 3,050 2,434 3,544 6,041 5,237 7,001

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-110 587 352 152 795 -793
-118 0 21 148 -86 163
462 -494 -514 -361 108 -296
Net Cash Flow 234 93 -141 -62 817 -925

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 10 10 16 15 8 6
Inventory Days
Days Payable
Cash Conversion Cycle 10 10 16 15 8 6
Working Capital Days -12 -282 -239 -498 -891 -551
ROCE % 24% 22% 25% 32% 23%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
31.41% 31.41% 31.38% 31.34% 31.30% 31.29% 31.28% 31.21% 31.14% 31.13% 31.11% 30.97%
16.23% 16.08% 16.30% 16.48% 16.57% 16.65% 16.57% 16.53% 16.48% 16.33% 13.59% 15.54%
4.24% 4.26% 3.50% 3.12% 3.16% 3.20% 3.19% 3.17% 3.20% 3.24% 3.31% 3.29%
48.13% 48.25% 48.82% 49.06% 48.97% 48.85% 48.94% 49.07% 49.16% 49.29% 51.99% 50.20%
No. of Shareholders 35,87242,69053,40557,43058,62961,62561,61362,17062,75164,42462,40764,307

* 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.

Documents

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