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 9,400 Cr.
  • Current Price 1,070
  • High / Low 1,358 / 810
  • Stock P/E 35.8
  • Book Value 324
  • Dividend Yield 2.80 %
  • ROCE 7.57 %
  • ROE 6.84 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 42.70%

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 22.92%

Peer comparison

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
417 426 357 364 361 369 406 432 349 387 455
151 160 137 141 155 163 182 265 135 164 222
Operating Profit 266 266 220 224 206 206 225 167 214 223 232
OPM % 64% 62% 62% 61% 57% 56% 55% 39% 61% 58% 51%
Other Income 12 9 4 4 8 6 9 1 12 9 11
Interest 123 116 114 92 114 120 123 144 106 109 104
Depreciation 4 4 6 8 10 10 10 10 10 11 11
Profit before tax 152 155 104 128 90 82 100 14 109 113 128
Tax % 27% 35% 22% 35% 32% 17% 26% 121% 25% 23% 25%
Net Profit 110 101 81 84 62 68 74 -3 82 87 96
EPS in Rs 7.23 7.88 8.51 -0.34 9.43 9.97 11.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 TTM
1,705 1,578 1,521 1,623
652 589 698 786
Operating Profit 1,053 990 824 837
OPM % 62% 63% 54% 52%
Other Income 10 1 6 33
Interest 559 431 502 464
Depreciation 14 22 41 42
Profit before tax 490 538 286 364
Tax % 22% 30% 30%
Net Profit 380 375 201 263
EPS in Rs 23.07 30.07
Dividend Payout % 19% 23% 87%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-9%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:22%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Sep 2020
16 17 17 17
Reserves 1,847 2,893 2,974 2,829
Borrowings 6,966 6,103 8,838 7,531
737 750 1,186 1,062
Total Liabilities 9,567 9,763 13,015 11,440
31 337 608 856
CWIP 22 173 1 1
Investments 1,111 3,053 6,512 5,895
8,403 6,200 5,894 4,688
Total Assets 9,567 9,763 13,015 11,440

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020
-2,772 1,852 1,842
1,073 -2,133 -3,360
1,263 -80 2,290
Net Cash Flow -437 -362 772

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020
ROCE % 11% 8%
Debtor Days 42 68 58
Inventory Turnover 0.08 4.25

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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