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IIFL

IIFL Wealth ManagementNSEI:IIFLWAM Stock Report

Market Cap

₹141.1b

7D

-4.4%

1Y

66.0%

Updated

23 Sep, 2021

Data

Company Financials +
IIFLWAM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance5/6
Financial Health2/6
Dividends4/6

IIFLWAM Overview

IIFL Wealth Management Limited provides wealth and asset management services primarily in India.

IIFL Wealth Management Competitors

HDFC Bank

NSEI:HDFCBANK

₹8.7t

State Bank of India

NSEI:SBIN

₹4.0t

Kotak Mahindra Bank

BSE:500247

₹4.0t

Axis Bank

BSE:532215

₹2.5t

Price History & Performance

Summary of all time highs, changes and price drops for IIFL Wealth Management
Historical stock prices
Current Share Price₹1,595.25
52 Week High₹856.90
52 Week Low₹1,725.00
Beta0.44
1 Month Change4.17%
3 Month Change41.71%
1 Year Change65.96%
3 Year Changen/a
5 Year Changen/a
Change since IPO25.56%

Recent News & Updates

Shareholder Returns

IIFLWAMIN Capital MarketsIN Market
7D-4.4%-1.1%0.3%
1Y66.0%65.2%71.8%

Return vs Industry: IIFLWAM exceeded the Indian Capital Markets industry which returned 61.1% over the past year.

Return vs Market: IIFLWAM matched the Indian Market which returned 65.2% over the past year.

Price Volatility

Is IIFLWAM's price volatile compared to industry and market?
IIFLWAM volatility
IIFLWAM Beta0.44
Industry Beta0.79
Market Beta1

Stable Share Price: IIFLWAM is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: IIFLWAM's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008861Karan Bhagathttps://www.iiflwealth.com

IIFL Wealth Management Limited provides wealth and asset management services primarily in India. It offers wealth management services, such as financial product distribution, advisory, equity and debt broking, managing financial products, non-discretionary portfolio management, discretionary portfolio management, and corporate advisory services, as well as investment services. The company also provides lending solutions to clients across the spectrum of structured leverage.

IIFL Wealth Management Fundamentals Summary

How do IIFL Wealth Management's earnings and revenue compare to its market cap?
IIFLWAM fundamental statistics
Market Cap₹141.08b
Earnings (TTM)₹4.04b
Revenue (TTM)₹17.24b

34.9x

P/E Ratio

8.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IIFLWAM income statement (TTM)
Revenue₹17.24b
Cost of Revenue₹5.88b
Gross Profit₹11.36b
Expenses₹7.32b
Earnings₹4.04b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)46.09
Gross Margin65.88%
Net Profit Margin23.42%
Debt/Equity Ratio167.6%

How did IIFLWAM perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is IIFL Wealth Management undervalued compared to its fair value and its price relative to the market?

34.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IIFLWAM (₹1595.25) is trading above our estimate of fair value (₹501.37)

Significantly Below Fair Value: IIFLWAM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IIFLWAM is poor value based on its PE Ratio (34.9x) compared to the Indian Capital Markets industry average (16.3x).

PE vs Market: IIFLWAM is poor value based on its PE Ratio (34.9x) compared to the Indian market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: IIFLWAM is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: IIFLWAM is overvalued based on its PB Ratio (5x) compared to the IN Capital Markets industry average (0.8x).


Future Growth

How is IIFL Wealth Management forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IIFLWAM's forecast earnings growth (19.3% per year) is above the savings rate (6.8%).

Earnings vs Market: IIFLWAM's earnings (19.3% per year) are forecast to grow faster than the Indian market (18.3% per year).

High Growth Earnings: IIFLWAM's earnings are forecast to grow, but not significantly.

Revenue vs Market: IIFLWAM's revenue (7.4% per year) is forecast to grow slower than the Indian market (12.6% per year).

High Growth Revenue: IIFLWAM's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IIFLWAM's Return on Equity is forecast to be high in 3 years time (21.8%)


Past Performance

How has IIFL Wealth Management performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IIFLWAM has high quality earnings.

Growing Profit Margin: IIFLWAM's current net profit margins (23.4%) are higher than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: IIFLWAM's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: IIFLWAM's earnings growth over the past year (82%) exceeds its 5-year average (4.2% per year).

Earnings vs Industry: IIFLWAM earnings growth over the past year (82%) exceeded the Capital Markets industry 65%.


Return on Equity

High ROE: IIFLWAM's Return on Equity (14.3%) is considered low.


Financial Health

How is IIFL Wealth Management's financial position?


Financial Position Analysis

Short Term Liabilities: IIFLWAM's short term assets (₹53.7B) exceed its short term liabilities (₹27.3B).

Long Term Liabilities: IIFLWAM's short term assets (₹53.7B) exceed its long term liabilities (₹31.8B).


Debt to Equity History and Analysis

Debt Level: IIFLWAM's debt to equity ratio (167.6%) is considered high.

Reducing Debt: IIFLWAM's debt to equity ratio has increased from 13.3% to 167.6% over the past 5 years.

Debt Coverage: IIFLWAM's debt is not well covered by operating cash flow (8.7%).

Interest Coverage: IIFLWAM's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Dividend

What is IIFL Wealth Management current dividend yield, its reliability and sustainability?

4.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IIFLWAM's dividend (4.07%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: IIFLWAM's dividend (4.07%) is in the top 25% of dividend payers in the Indian market (1.47%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, IIFLWAM has been paying a dividend for less than 10 years.

Growing Dividend: IIFLWAM's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.1%), IIFLWAM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IIFLWAM's dividends in 3 years are forecast to be covered by earnings (79.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average board tenure


CEO

Karan Bhagat (44 yo)

no data

Tenure

₹49,573,375

Compensation

Mr. Karan Bhagat had been the Non-Executive Director of Nazara Technologies Limited since November 23, 2020 until May 05, 2021. Mr. Bhagat is a Founder of IIFL Wealth Management Ltd. and serves as its Mana...


CEO Compensation Analysis

Compensation vs Market: Karan's total compensation ($USD671.71K) is above average for companies of similar size in the Indian market ($USD426.52K).

Compensation vs Earnings: Karan's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: IIFLWAM's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IIFLWAM insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IIFL Wealth Management Limited's employee growth, exchange listings and data sources


Key Information

  • Name: IIFL Wealth Management Limited
  • Ticker: IIFLWAM
  • Exchange: NSEI
  • Founded: 2008
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: ₹141.083b
  • Shares outstanding: 88.44m
  • Website: https://www.iiflwealth.com

Number of Employees


Location

  • IIFL Wealth Management Limited
  • IIFL Centre
  • Senapati Bapat Marg
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 16:01
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.