IL&FS Investment Managers Ltd
Incorporated in 1987, IL&FS Investment Managers Limited is a domestic private equity fund management company which deals in investment banking, asset management and infrastructure financing.
- Market Cap ₹ 276 Cr.
- Current Price ₹ 8.78
- High / Low ₹ 15.4 / 8.17
- Stock P/E 21.0
- Book Value ₹ 6.53
- Dividend Yield 7.97 %
- ROCE 6.48 %
- ROE 6.45 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 24.1% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 165%
Cons
- The company has delivered a poor sales growth of -8.30% over past five years.
- Tax rate seems low
- Company has a low return on equity of 5.62% over last 3 years.
- Earnings include an other income of Rs.17.6 Cr.
- Company has high debtors of 170 days.
- Working capital days have increased from 228 days to 428 days
* 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
Financial Services Financial Services Capital Markets Asset Management Company
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 215 | 198 | 189 | 111 | 116 | 101 | 45 | 57 | 56 | 75 | 65 | 29 | |
| 102 | 93 | 96 | 85 | 83 | 74 | 68 | 48 | 42 | 57 | 51 | 32 | |
| Operating Profit | 112 | 105 | 93 | 26 | 32 | 27 | -23 | 8 | 14 | 18 | 14 | -3 |
| OPM % | 52% | 53% | 49% | 24% | 28% | 27% | -51% | 15% | 26% | 24% | 22% | -10% |
| 8 | 11 | 2 | 4 | 6 | -26 | 4 | 2 | 1 | 4 | 1 | 18 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 19 | 19 | 20 | 17 | 12 | 9 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 101 | 97 | 75 | 14 | 27 | -8 | -20 | 10 | 15 | 22 | 16 | 15 |
| Tax % | 28% | 24% | 25% | 51% | 34% | 74% | -1% | 3% | 14% | 21% | 23% | 3% |
| 73 | 73 | 56 | 7 | 18 | -14 | -20 | 10 | 13 | 17 | 12 | 14 | |
| EPS in Rs | 2.31 | 2.33 | 1.79 | 0.20 | 0.49 | -0.48 | -0.44 | 0.25 | 0.25 | 0.38 | 0.32 | 0.42 |
| Dividend Payout % | 56% | 56% | 67% | 307% | 124% | -63% | -136% | 120% | 161% | 210% | 217% | 67% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | -8% |
| 3 Years: | -20% |
| TTM: | -55% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | 24% |
| 3 Years: | 19% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | 19% |
| 3 Years: | 9% |
| 1 Year: | -40% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 |
| Reserves | 264 | 302 | 334 | 246 | 205 | 177 | 160 | 147 | 148 | 154 | 140 | 142 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 101 | 92 | 82 | 51 | 55 | 58 | 40 | 40 | 44 | 51 | 47 | 34 | |
| Total Liabilities | 427 | 457 | 479 | 360 | 323 | 297 | 263 | 250 | 255 | 267 | 249 | 239 |
| 152 | 142 | 134 | 20 | 10 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 79 | 144 | 131 | 97 | 76 | 85 | 62 | 41 | 32 | 71 | 62 | 50 |
| 196 | 171 | 214 | 243 | 237 | 212 | 200 | 208 | 223 | 195 | 187 | 189 | |
| Total Assets | 427 | 457 | 479 | 360 | 323 | 297 | 263 | 250 | 255 | 267 | 249 | 239 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | 99 | 92 | 28 | -4 | 75 | -23 | 11 | 6 | -0 | -6 | -9 | |
| 13 | -38 | 23 | 38 | -13 | -45 | 42 | -8 | -12 | -29 | 30 | 19 | |
| -67 | -46 | -47 | -41 | -20 | -20 | -10 | -19 | -9 | -16 | -28 | -22 | |
| Net Cash Flow | -15 | 15 | 68 | 25 | -36 | 11 | 10 | -16 | -15 | -46 | -4 | -11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 200 | 188 | 158 | 262 | 279 | 99 | 81 | 76 | 58 | 83 | 113 | 170 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 200 | 188 | 158 | 262 | 279 | 99 | 81 | 76 | 58 | 83 | 113 | 170 |
| Working Capital Days | 109 | 65 | 38 | 210 | 381 | 110 | 167 | 83 | 91 | 103 | 154 | 428 |
| ROCE % | 32% | 28% | 19% | 3% | 9% | 8% | -8% | 4% | 7% | 9% | 7% | 6% |
Documents
Announcements
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Board Comments On Fine Levied By Stock Exchanges For
Non-Compliance With Regulation 33 Of SEBI (LODR) Regulation, 2015
18 Jul - Board comments on fine for delayed financial results submission, plans waiver application.
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Board Meeting Outcome for Outcome Of The Board Meeting Dated July 18, 2025
18 Jul - IL&FS Investment Managers reports FY25 audited results with qualified audit due to SFIO probe and financial uncertainties.
- Results- Consolidated Financial Results For The Quarter And Year Ended Mar 31, 2025 18 Jul
-
Announcement Under Regulation 30 (LODR) - Updates - Receipt Of Reply From SEBI
11 Jul - SEBI denies extension for FY25 consolidated results; penalty Rs.5000/day for delay from May 30, 2025.
-
Board Meeting Intimation for Meeting Of The Board Of The Company Scheduled To Be Held On Friday,?July 18,?2025
11 Jul - Board meeting on July 18, 2025, to approve FY2025 audited financial results.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Business Overview:[1][2]
Company is a subsidiary of Infrastructure Leasing & Financial Services Limited. Holding company owns 50.42% of the company’s equity share capital. Company has invested across various sectors such as Telecom, City Gas Distribution, Shipyards, Retail, and Media. Funds managed by IIML span General Purpose Private Equity, Real Estate and Infrastructure. Investors to IIML managed Funds include most of major Indian Banks & Institutions, and Global Institutional Investors including major U.S. Pension Funds, Endowments, Foundations and SWF's. Company has raised and managed over $3.5 billion.
In the infrastructure business, IL&FS is a sponsor, developer, and advisor of infrastructure projects in India and in South East Asian region. Projects undertaken by IL&FS include industrial parks, special economic zones, power and ports, surface transport and urban transportation systems. These infra projects are being developed in conjunction with governments, financing agencies, private sector partners and communities.