IL&FS Investment Managers Ltd

IL&FS Investment Managers Ltd

₹ 12.7 -1.48%
12 Jul - close price
About

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.

Key Points

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.

  • Market Cap 398 Cr.
  • Current Price 12.7
  • High / Low 14.8 / 7.15
  • Stock P/E 39.4
  • Book Value 6.44
  • Dividend Yield 5.52 %
  • ROCE 6.80 %
  • ROE 4.83 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is providing a good dividend yield of 5.52%.
  • Company has been maintaining a healthy dividend payout of 196%

Cons

  • The company has delivered a poor sales growth of -12.4% over past five years.
  • Company has a low return on equity of 4.71% over last 3 years.
  • Earnings include an other income of Rs.14.5 Cr.
  • Debtor days have increased from 94.2 to 141 days.
  • Working capital days have increased from 139 days to 224 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
15.64 7.21 11.78 10.94 11.73 17.02 15.80 14.11 17.51 13.30 11.63 13.81 13.18
13.42 7.98 10.56 13.17 10.20 13.66 13.83 12.48 16.93 12.79 13.02 14.38 10.36
Operating Profit 2.22 -0.77 1.22 -2.23 1.53 3.36 1.97 1.63 0.58 0.51 -1.39 -0.57 2.82
OPM % 14.19% -10.68% 10.36% -20.38% 13.04% 19.74% 12.47% 11.55% 3.31% 3.83% -11.95% -4.13% 21.40%
2.63 1.64 1.03 4.32 8.78 1.51 3.99 2.18 3.39 4.91 3.21 2.95 3.42
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.06 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.05 0.04 0.05 0.08 0.08
Profit before tax 4.79 0.82 2.20 2.04 10.26 4.82 5.91 3.77 3.92 5.38 1.77 2.30 6.16
Tax % -16.28% 91.46% 43.64% -2.94% 4.87% 39.00% 16.58% 39.52% 7.14% 42.38% 1.13% 3.04% 19.48%
5.55 0.06 1.23 2.07 9.74 2.93 4.91 5.53 3.63 3.08 1.75 2.28 4.94
EPS in Rs 0.14 -0.01 0.01 0.04 0.20 0.02 0.14 0.14 0.08 0.05 0.07 0.04 0.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
224 215 198 189 111 116 101 45 57 56 75 52
100 102 93 96 85 83 74 68 48 42 57 51
Operating Profit 125 112 105 93 26 32 27 -23 8 14 18 1
OPM % 56% 52% 53% 49% 24% 28% 27% -51% 15% 26% 24% 3%
2 8 11 2 4 6 -26 4 2 1 4 14
Interest 3 1 0 0 0 0 0 0 0 0 0 0
Depreciation 23 19 19 20 17 12 9 1 0 0 0 0
Profit before tax 101 101 97 75 14 27 -8 -20 10 15 22 16
Tax % 24% 28% 24% 25% 51% 34% -74% 1% 3% 14% 21% 23%
77 73 73 56 7 18 -14 -20 10 13 17 12
EPS in Rs 2.45 2.31 2.33 1.79 0.20 0.49 -0.48 -0.44 0.25 0.25 0.38 0.32
Dividend Payout % 41% 56% 56% 67% 307% 124% -63% -136% 120% 161% 210% 217%
Compounded Sales Growth
10 Years: -13%
5 Years: -12%
3 Years: -3%
TTM: -31%
Compounded Profit Growth
10 Years: -18%
5 Years: 30%
3 Years: 9%
TTM: -15%
Stock Price CAGR
10 Years: -7%
5 Years: 28%
3 Years: 26%
1 Year: 54%
Return on Equity
10 Years: 6%
5 Years: 2%
3 Years: 5%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 42 63 63 63 63 63 63 63 63 63 63 63
Reserves 242 264 302 334 246 205 177 160 147 148 154 140
27 0 0 0 0 0 0 0 0 0 0 0
88 101 92 82 51 55 58 40 40 44 51 47
Total Liabilities 398 427 457 479 360 323 297 263 250 255 267 249
154 152 142 134 20 10 1 1 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 62 79 144 131 97 76 85 62 41 32 71 62
182 196 171 214 243 237 212 200 208 223 195 187
Total Assets 398 427 457 479 360 323 297 263 250 255 267 249

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
54 40 99 92 28 -4 75 -23 11 6 -0 -6
3 13 -38 23 38 -13 -45 42 -8 -12 -29 28
-76 -67 -46 -47 -41 -20 -20 -10 -19 -9 -16 -28
Net Cash Flow -19 -15 15 68 25 -36 11 10 -16 -15 -46 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 119 200 188 158 262 279 99 81 76 58 83 141
Inventory Days
Days Payable
Cash Conversion Cycle 119 200 188 158 262 279 99 81 76 58 83 141
Working Capital Days -1 109 65 38 210 381 110 167 83 91 103 224
ROCE % 34% 32% 28% 19% 3% 9% 8% -8% 4% 7% 9% 7%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
50.42% 50.42% 50.42% 50.42% 50.42% 50.42% 50.42% 50.42% 50.42% 50.42% 50.42% 50.42%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.38%
0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
49.57% 49.57% 49.57% 49.57% 49.58% 49.58% 49.58% 49.57% 49.57% 49.59% 49.59% 49.20%
No. of Shareholders 50,26751,81754,41655,54258,58660,41160,12261,10663,98772,90678,24981,257

* 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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