IIFL Securities Ltd

₹ 64.8 -5.41%
03 Feb - close price
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

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]

  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
190 197 150 202 201 238 251 299 336 347 292 317 342
112 111 100 123 125 140 153 176 199 221 198 212 226
Operating Profit 78 86 50 79 76 98 98 123 137 125 93 104 116
OPM % 41% 44% 33% 39% 38% 41% 39% 41% 41% 36% 32% 33% 34%
21 13 29 16 14 18 17 19 32 15 3 7 5
Interest 21 36 12 14 10 14 13 30 39 18 19 19 18
Depreciation 14 13 11 12 11 11 15 15 16 17 16 17 17
Profit before tax 63 51 55 69 68 92 87 97 113 105 61 75 85
Tax % 26% 27% 25% 27% 26% 16% 21% 25% 24% 25% 29% 26% 24%
Net Profit 46 37 41 51 51 77 69 72 86 79 43 55 65
EPS in Rs 1.46 1.17 1.30 1.59 1.58 2.55 2.27 2.38 2.84 2.60 1.43 1.83 2.12
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
29.77 29.77 29.77 29.74 31.41 31.41 31.38 31.34 31.30 31.29 31.28 31.21
16.08 15.37 15.45 15.64 16.23 16.08 16.30 16.48 16.57 16.65 16.57 16.53
3.88 4.89 4.73 4.19 4.24 4.26 3.50 3.12 3.16 3.20 3.19 3.17
50.27 49.97 50.05 50.43 48.13 48.25 48.82 49.06 48.97 48.85 48.94 49.07

* 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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