IIFL Securities Ltd

IIFL Securities Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IIFL Securities Ltd

₹ 316 -4.34%
19 Sep 10:29 a.m.
indiainfoline.com BSE: 542773 NSE: IIFLSEC
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]

Website BSE NSE
  • Market Cap ₹ 9,771 Cr.
  • Current Price ₹ 316
  • High / Low ₹ 348 / 75.4
  • Stock P/E 15.8
  • Book Value ₹ 58.0
  • Dividend Yield 0.93 %
  • ROCE 34.6 %
  • ROE 32.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 24.3% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.9%
  • Company has been maintaining a healthy dividend payout of 28.2%

Cons

* 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: Stock/ Commodity Brokers Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
251 299 336 347 292 317 342 402 409 507 559 686 640
153 176 199 221 198 212 226 250 271 348 318 350 340
Operating Profit 98 123 137 125 93 104 116 152 138 159 240 337 300
OPM % 39% 41% 41% 36% 32% 33% 34% 38% 34% 31% 43% 49% 47%
17 19 32 15 3 7 5 3 2 27 23 18 4
Interest 13 30 39 18 19 19 18 19 21 30 43 54 44
Depreciation 15 15 16 17 16 17 17 17 16 16 18 63 12
Profit before tax 87 97 113 105 61 75 85 119 102 140 203 237 248
Tax % 21% 25% 24% 25% 29% 26% 24% 27% 27% 23% 26% 24% 26%
69 72 86 79 43 55 65 86 75 108 151 181 182
EPS in Rs 2.27 2.38 2.84 2.60 1.43 1.83 2.12 2.83 2.45 3.52 4.88 5.84 5.91
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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 Mar 2024 TTM
933 870 758 841 1,295 1,361 2,218 2,392
491 461 432 487 749 886 1,284 1,356
Operating Profit 441 409 326 354 546 475 933 1,036
OPM % 47% 47% 43% 42% 42% 35% 42% 43%
14 6 134 27 22 10 14 72
Interest 145 115 103 50 102 77 150 171
Depreciation 37 42 55 46 63 67 114 109
Profit before tax 274 258 301 285 402 341 683 828
Tax % 34% 34% 22% 23% 24% 27% 25%
181 171 234 220 306 250 513 621
EPS in Rs 96.47 91.58 7.32 7.27 10.07 8.19 16.64 20.15
Dividend Payout % 0% 0% 27% 14% 30% 37% 18%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 38%
TTM: 63%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 33%
TTM: 121%
Stock Price CAGR
10 Years: %
5 Years: 70%
3 Years: 53%
1 Year: 324%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 27%
Last Year: 32%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 64 61 61 61 62
Reserves 560 667 816 907 1,121 1,289 1,725
1,097 759 459 292 607 486 1,154
1,205 1,624 1,095 2,285 4,252 3,401 4,934
Total Liabilities 2,862 3,050 2,434 3,544 6,041 5,237 7,875
512 393 402 488 482 440 379
CWIP 84 86 130 47 3 1 1
Investments 159 140 231 74 228 90 159
2,107 2,431 1,671 2,936 5,329 4,707 7,335
Total Assets 2,862 3,050 2,434 3,544 6,041 5,237 7,875

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-110 587 352 152 795 -793 -118
-118 0 21 148 -86 163 -74
462 -494 -514 -361 108 -296 430
Net Cash Flow 234 93 -141 -62 817 -925 239

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 10 10 16 15 8 6 8
Inventory Days
Days Payable
Cash Conversion Cycle 10 10 16 15 8 6 8
Working Capital Days -12 -282 -239 -498 -891 -551 -496
ROCE % 24% 22% 25% 32% 23% 35%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
31.38% 31.34% 31.30% 31.29% 31.28% 31.21% 31.14% 31.13% 31.11% 30.97% 30.91% 30.88%
16.30% 16.48% 16.57% 16.65% 16.57% 16.53% 16.48% 16.33% 13.59% 15.54% 15.18% 17.51%
3.50% 3.12% 3.16% 3.20% 3.19% 3.17% 3.20% 3.24% 3.31% 3.29% 3.37% 3.18%
48.82% 49.06% 48.97% 48.85% 48.94% 49.07% 49.16% 49.29% 51.99% 50.20% 50.55% 48.43%
No. of Shareholders 53,40557,43058,62961,62561,61362,17062,75164,42462,40764,30770,00368,061

* 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.

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