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 ₹ 2,083 Cr.
- Current Price ₹ 68.5
- High / Low ₹ 119 / 65.0
- Stock P/E 7.43
- Book Value ₹ 38.9
- Dividend Yield 4.38 %
- ROCE 32.4 %
- ROE 27.7 %
- Face Value ₹ 2.00
Pros
- Stock is providing a good dividend yield of 4.38%.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 23.6%
Cons
- Promoter holding is low: 31.3%
- 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 | 1,273 | |
| 491 | 461 | 432 | 487 | 749 | 795 | |
| Operating Profit | 441 | 409 | 326 | 354 | 546 | 478 |
| OPM % | 47% | 47% | 43% | 42% | 42% | 38% |
| 14 | 6 | 134 | 27 | 22 | 70 | |
| Interest | 145 | 115 | 103 | 50 | 102 | 107 |
| Depreciation | 37 | 42 | 55 | 46 | 63 | 65 |
| Profit before tax | 274 | 258 | 301 | 285 | 402 | 377 |
| Tax % | 34% | 34% | 22% | 23% | 24% | |
| Net Profit | 181 | 171 | 234 | 220 | 306 | 281 |
| EPS in Rs | 96.47 | 91.58 | 7.32 | 7.27 | 10.07 | 9.25 |
| Dividend Payout % | 0% | 0% | 27% | 14% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| 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 | |
|---|---|---|---|---|---|
| 64 | 64 | 64 | 61 | 61 | |
| Reserves | 560 | 667 | 816 | 907 | 1,121 |
| 1,097 | 759 | 459 | 292 | 607 | |
| 1,205 | 1,624 | 1,095 | 2,285 | 4,252 | |
| Total Liabilities | 2,862 | 3,050 | 2,434 | 3,544 | 6,041 |
| 512 | 393 | 402 | 488 | 482 | |
| CWIP | 84 | 86 | 130 | 47 | 3 |
| Investments | 159 | 140 | 231 | 74 | 228 |
| 2,107 | 2,431 | 1,671 | 2,936 | 5,329 | |
| Total Assets | 2,862 | 3,050 | 2,434 | 3,544 | 6,041 |
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
4 Aug - Transcript of the earnings call held on Friday, July 29, 2022. The same is also made available on the website of the Company i.e. https://content.indiainfoline.com/wb/securities/reports/IIFL%20Securities%20Ltd%20Q1FY23%20Earnings%20Call%20Transcript.pdf?_ga=2.265581517.35938730.1659599025-2017514718.1654148603 …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Jul - Has reference to our letter dated July 22, 2022. The recording of the Earnings Call held on Friday, July 29, 2022 at 2.00 p.m. IST, …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Jul - Copies of the Unaudited Financial Results of IIFL Securities Limited, for the quarter ended June 30, 2022 published in 'The Free Press Journal' (English) and …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Jul - Press release on the Unaudited Financial Results of the Company for the quarter ended June 30, 2022.
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Announcement under Regulation 30 (LODR)-Investor Presentation
28 Jul - Investor Presentation on the Unaudited Financial Results of the Company for the quarter ended June 30, 2022. Kindly take the above on records and oblige.
Annual reports
Concalls
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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]