IIFL Wealth Management Ltd

₹ 1,657 0.03%
12 Aug - close price
About

IIFL Wealth Management Limited, founded in 2008, is one of the largest private wealth management firms in India. The company mainly acts as 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. [1][2]

Key Points

Revenue Split
Wealth Management: 83% in FY21 vs 91% in FY18
Asset Management: 17% in FY21 vs 9% in FY18. [1][2]

  • Market Cap 14,711 Cr.
  • Current Price 1,657
  • High / Low 1,908 / 1,226
  • Stock P/E 23.8
  • Book Value 338
  • Dividend Yield 3.32 %
  • ROCE 13.7 %
  • ROE 19.8 %
  • Face Value 2.00

Pros

  • Stock is providing a good dividend yield of 3.32%.
  • Company has been maintaining a healthy dividend payout of 113%

Cons

  • Stock is trading at 4.90 times its book value
  • Company has a low return on equity of 13.1% for last 3 years.

* 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
361 369 406 432 349 387 455 420 381 486 536 447 461
155 163 182 265 135 164 222 196 173 217 267 258 180
Operating Profit 206 206 225 167 214 223 232 224 209 269 269 189 281
OPM % 57% 56% 55% 39% 61% 58% 51% 53% 55% 55% 50% 42% 61%
8 6 9 1 12 9 11 16 44 17 34 132 8
Interest 114 120 123 144 106 109 104 94 91 87 95 96 77
Depreciation 10 10 10 10 10 11 11 11 10 11 10 10 10
Profit before tax 90 82 100 14 109 113 128 135 151 188 198 214 201
Tax % 32% 17% 26% 121% 25% 23% 25% 23% 23% 24% 23% 23% 22%
Net Profit 62 68 74 -3 82 87 96 103 117 142 153 165 157
EPS in Rs 7.23 7.88 8.51 -0.34 9.43 9.97 11.01 11.75 13.29 16.11 17.25 18.65 17.64

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,705 1,578 1,521 1,654 1,851 1,930
652 589 698 715 915 922
Operating Profit 1,053 990 823 939 936 1,008
OPM % 62% 63% 54% 57% 51% 52%
10 1 6 2 227 192
Interest 559 431 502 414 370 355
Depreciation 14 22 41 43 42 42
Profit before tax 490 538 286 485 751 802
Tax % 22% 30% 30% 24% 23%
Net Profit 380 375 201 369 578 617
EPS in Rs 23.07 42.01 65.13 69.65
Dividend Payout % 19% 23% 87% 167% 84%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 16%
TTM: 53%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: %
5 Years: %
3 Years: 13%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 17 17 18 18
Reserves 1,847 2,893 2,974 2,810 2,980
6,966 6,103 8,838 4,712 5,825
737 750 1,191 1,199 1,917
Total Liabilities 9,567 9,763 13,021 8,739 10,740
31 337 608 837 816
CWIP 22 173 1 2 0
Investments 1,111 3,053 6,512 2,513 4,072
8,403 6,200 5,899 5,386 5,851
Total Assets 9,567 9,763 13,021 8,739 10,740

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2,772 1,852 1,628 412 1,132
1,073 -2,133 -3,361 4,129 -1,128
1,263 -80 2,290 -4,836 251
Net Cash Flow -437 -362 557 -294 255

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 42 68 58 50 50
Inventory Days
Days Payable
Cash Conversion Cycle 42 68 58 50 50
Working Capital Days -37 50 -18 -64 -184
ROCE % 11% 8% 9% 14%

Shareholding Pattern

Numbers in percentages

34 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
24.21 24.13 22.93 22.92 23.01 22.98 22.92 22.91 22.78 23.15 23.14 23.21
16.53 18.82 20.06 20.08 21.05 21.86 24.20 24.91 25.67 22.69 22.13 22.36
0.71 0.43 1.34 1.41 1.68 1.89 2.04 1.37 1.39 3.15 3.57 3.17
58.56 56.62 55.67 55.59 54.27 53.27 50.84 50.82 50.16 51.01 51.17 51.27

Documents

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