Wealth First Portfolio Managers Ltd
Wealth First Portfolio Managers Ltd is engaged in the business of providing share & stock broking services, portfolio management, mutual funds distribution, depository participant services and other related activities. (Pg. 87)[1]
- Market Cap ₹ 794 Cr.
- Current Price ₹ 745
- High / Low ₹ 780 / 262
- Stock P/E 26.6
- Book Value ₹ 87.0
- Dividend Yield 0.40 %
- ROCE 25.5 %
- ROE 19.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Cons
- Stock is trading at 8.56 times its book value
* 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: Stock/ Commodity Brokers Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 211 | 199 | 143 | 169 | 150 | 199 | 224 | 331 | 10 | 25 | 33 | 29 | 45 | |
| 211 | 198 | 141 | 164 | 146 | 191 | 212 | 321 | 7 | 6 | 8 | 10 | 11 | |
| Operating Profit | 0 | 1 | 2 | 4 | 4 | 8 | 12 | 10 | 2 | 18 | 25 | 19 | 33 |
| OPM % | 0% | 1% | 1% | 3% | 3% | 4% | 5% | 3% | 25% | 74% | 75% | 65% | 75% |
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | |
| Interest | 0 | 1 | 2 | 3 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 2 | 3 | 6 | 11 | 9 | 2 | 18 | 25 | 18 | 39 |
| Tax % | 32% | 30% | 16% | 20% | 20% | 18% | 23% | 28% | 29% | 24% | 26% | ||
| -0 | 0 | 0 | 2 | 3 | 5 | 9 | 7 | 1 | 13 | 19 | 14 | 30 | |
| EPS in Rs | -0.20 | 0.95 | 0.70 | 10.10 | 2.43 | 4.50 | 8.19 | 6.59 | 1.21 | 12.00 | 17.62 | 12.68 | 28.01 |
| Dividend Payout % | 0% | 0% | 42% | 6% | 12% | 13% | 7% | 9% | 50% | 8% | 11% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | -34% |
| 3 Years: | 43% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 57% |
| 5 Years: | 9% |
| 3 Years: | 119% |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 83% |
| 1 Year: | 159% |
| Return on Equity | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 23% |
| 3 Years: | 27% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 6 | 11 | 11 | 11 | 11 |
| Reserves | 2 | 2 | 2 | 4 | 9 | 13 | 22 | 28 | 28 | 36 | 55 | 66 | 82 |
| 2 | 17 | 20 | 5 | 18 | 18 | 6 | 1 | 3 | 0 | 2 | 0 | 0 | |
| 0 | 0 | 1 | 1 | 12 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 5 | |
| Total Liabilities | 5 | 21 | 24 | 11 | 45 | 41 | 38 | 40 | 40 | 50 | 72 | 80 | 97 |
| 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 18 | 39 | 38 |
| 4 | 19 | 22 | 11 | 45 | 41 | 37 | 38 | 39 | 46 | 52 | 40 | 59 | |
| Total Assets | 5 | 21 | 24 | 11 | 45 | 41 | 38 | 40 | 40 | 50 | 72 | 80 | 97 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | -13 | -1 | 16 | -21 | 1 | 16 | 8 | -8 | 7 | 21 | 21 | |
| 0 | -0 | -0 | 2 | 1 | 2 | 1 | -0 | 2 | -3 | -18 | -19 | |
| -6 | 14 | 1 | -17 | 19 | -2 | -14 | -6 | 0 | -4 | 1 | -4 | |
| Net Cash Flow | 0 | 1 | -1 | 2 | -1 | 2 | 3 | 2 | -6 | 1 | 4 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 0 | 0 | 1 | 3 | 4 | 3 | 45 | 22 | 36 | 38 |
| Inventory Days | 4 | 32 | 52 | 16 | 93 | 65 | 44 | 28 | ||||
| Days Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cash Conversion Cycle | 5 | 32 | 53 | 16 | 94 | 68 | 47 | 30 | 45 | 22 | 36 | 38 |
| Working Capital Days | 5 | 32 | 53 | 16 | 63 | 58 | 39 | 26 | 1,224 | 485 | 346 | 310 |
| ROCE % | 3% | 9% | 9% | 27% | 22% | 23% | 33% | 27% | 6% | 44% | 44% | 26% |
Products & Services Offered
The company's products include FDs, treasury bonds, direct bonds, direct equity, Mutual funds, PMS and insurance. Its services include broking and depository services, Tax planning, NRI investment advisory, Trust advisory services, Estate/ succession planning, retirement planning, etc. (Pg. 12)[1]