IIFL Wealth Management Ltd

About [ edit ]

IIFL Wealth Management is mainly engaged in the business of wealth manager and provides services relating to financial products distribution, advisory, portfolio management services by mobilizing funds and assets of various classes of investors including High Networth Individuals.

  • Market Cap 10,457 Cr.
  • Current Price 1,189
  • High / Low 1,358 / 810
  • Stock P/E 24.6
  • Book Value 270
  • Dividend Yield 2.52 %
  • ROCE 13.2 %
  • ROE 10.6 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.50% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 63.72%
  • Debtor days have improved from 255.84 to 66.41 days.

Cons

  • Stock is trading at 4.40 times its book value
  • The company has delivered a poor sales growth of 1.43% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.15% for last 3 years.
  • Earnings include an other income of Rs.388.92 Cr.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
163 171 67 5 2 77 45 93 34 8 40
100 97 87 15 29 37 36 26 17 14 18
Operating Profit 63 74 -19 -10 -27 39 9 66 17 -5 22
OPM % 39% 43% -29% -207% -1,545% 51% 20% 71% 50% -65% 54%
Other Income 12 97 2 6 5 178 7 4 12 360 12
Interest 3 5 1 5 13 15 9 11 4 7 5
Depreciation 3 4 5 4 3 3 3 3 3 3 3
Profit before tax 69 162 -23 -14 -37 200 4 56 23 345 26
Tax % 32% 20% 33% 34% 19% 8% 162% 24% 27% -0% 25%
Net Profit 47 130 -16 -9 -30 183 -3 43 17 346 20
EPS in Rs -3.55 21.13 -0.30 4.92 1.92 39.55 2.26

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
214 370 405 444 709 116 398 176
146 210 242 286 437 60 72 76
Operating Profit 68 160 163 159 272 55 325 100
OPM % 32% 43% 40% 36% 38% 48% 82% 57%
Other Income 0 0 0 0 10 110 -44 389
Interest 5 12 17 18 61 14 48 27
Depreciation 1 1 3 8 13 13 11 12
Profit before tax 62 148 143 133 208 138 223 451
Tax % 34% 33% 28% 35% 24% -10% 13%
Net Profit 41 99 103 86 158 152 193 425
EPS in Rs 22.19 48.65
Dividend Payout % 54% 26% 34% 51% 45% 56% 90%
Compounded Sales Growth
10 Years:%
5 Years:1%
3 Years:-4%
TTM:37%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:41%
TTM:200%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:40%
Return on Equity
10 Years:%
5 Years:9%
3 Years:8%
Last Year:11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
11 12 15 16 16 17 17 17
Reserves 89 160 1,125 1,258 1,385 2,203 2,309 2,357
Borrowings 15 237 141 398 397 414 0 75
48 93 70 290 474 36 192 19
Total Liabilities 164 502 1,350 1,961 2,272 2,670 2,518 2,468
1 6 12 23 27 61 288 284
CWIP 1 0 2 3 21 173 1 1
Investments 44 133 1,174 1,114 1,243 2,140 1,984 1,965
117 362 163 820 981 296 245 219
Total Assets 164 502 1,350 1,961 2,272 2,670 2,518 2,468

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-14 214 -65 304 -161 137
-88 -966 -8 -94 -907 453
185 758 277 -94 663 -573
Net Cash Flow 83 6 204 117 -404 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 61% 19% 10% 16% 2% 13%
Debtor Days 87 31 49 162 73 628 66
Inventory Turnover 0.01 0.01

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
24.21 24.13 22.93 22.92 23.01 22.98 22.92
16.53 18.82 20.06 20.08 21.05 21.86 24.20
0.71 0.43 1.34 1.41 1.68 1.89 2.04
58.56 56.62 55.67 55.59 54.27 53.27 50.84

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