IIFL Wealth Management Ltd Stock Analysis

BSE: 542772 | NSE: IIFLWAM | Finance - Others | Mid Cap

BSE Share Price 05-Dec-2022 18:01
1798.55 0.00 (0.00%)

DeciZen - Make an Informed Decision on IIFL Wealth Mgment.

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

IIFL Wealth Mgment. Price Chart

P/E Ratio (CD) :
24.69
Market Cap :
15,992.3 Cr.
52-wk low :
1,225.7
52-wk high :
1,945
Bole Toh?

1. Is IIFL Wealth Management Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IIFL Wealth Management Ltd is a average quality company.

2. Is IIFL Wealth Management Ltd undervalued or overvalued?

The key valuation ratios of IIFL Wealth Management Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is IIFL Wealth Management Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of IIFL Wealth Management Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of IIFL Wealth Mgment.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IIFL Wealth Management Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%50.4%47.1%23.2%10.5%10.3%7.8%7.1%8.1%10.7%-
Value Creation Index NA2.72.50.7-0.2-0.2-0.4-0.5-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 02404525661,0491,6611,5651,7391,8101,9281,949
YoY Gr. Rt. %-NA88.4%25.3%85.4%58.3%-5.8%11.1%4.1%6.5%-
Adj EPS 08.91925.834.954.646.244.85871.373
YoY Gr. Rt. %-NA113.3%35.3%35.3%56.7%-15.4%-3.1%29.6%22.8%-
BVPS (₹) 01932.8166.2195.5232.60340.4314.5329.4341.7
Adj Net Profit 051.2112190272436390390510632649
Cash Flow from Ops. 080.4115216-3,450-2,7721,8521,628463929-
Debt/CF from Ops. 001.80.7-1.6-2.53.35.4116.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA13%7.2%6.5%
Adj EPS NA15.4%15.5%22.8%
BVPS 01104.7
Share Price - - 13.8% 20.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 047.174.126.819.725.716.413.217.521.721.8
Op. Profit Mgn % 032.537.640.557.760.761.961.460.551.754.2
Net Profit Mgn % 021.424.733.725.926.224.922.428.232.833.3
Debt to Equity 001.10.13.73.82.131.820
Working Cap Days 001882078521,3401,5811,1179348871,526
Cash Conv. Cycle 001459747-47-67-23-122-145383

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.80%

Net Profit is growing at healthy rate in last 3 years 15.53%

Debt to equity has declined versus last 3 years average to 1.99

Sales growth is good in last 4 quarters at 15.25%

Sales growth has been subdued in last 3 years 7.20%

Latest Financials - IIFL Wealth Management Ltd.

Standalone Consolidated
TTM EPS (₹) 62.1 73
TTM Sales (₹ Cr.) 85.1 1,949
BVPS (₹.) 273.3 341.7
Reserves (₹ Cr.) 2,413 3,020
P/BV 6.58 5.28
PE 28.96 24.69
From the Market
52 Week Low / High (₹) 1225.70 / 1945.00
All Time Low / High (₹) 710.00 / 1945.00
Market Cap (₹ Cr.) 15,992
Equity (₹ Cr.) 17.8
Face Value (₹) 2
Industry PE 59

Management X-Ray of IIFL Wealth Mgment. :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.006.586.587.147.14
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of IIFL Wealth Mgment.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

IIFL Wealth Management Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IIFL Wealth Mgment. on 05-Dec-2022 18:01 is : 1,798.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Dec-2022 18:01 the market cap of IIFL Wealth Mgment. stood at ₹ 15,992.3.
The latest PE ratio of IIFL Wealth Mgment. as of 05-Dec-2022 18:01 is 28.96.
The latest PB ratio of IIFL Wealth Mgment. as of 05-Dec-2022 18:01 is 6.58
The 52-week high of IIFL Wealth Mgment. is ₹ 1,945 and the 52-week low is ₹ 1,225.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of IIFL Wealth Mgment. is ₹ 85.06 ( Cr.) .

About IIFL Wealth Management Ltd

IIFL Wealth Management is a public limited company incorporated under the Companies Act, 1956. IIFL Wealth Management is one of the leading wealth management companies in India and is the investment and financial advisor in the High Net Worth Individuals (HNI) and Ultra HNI segments in India and abroad. The journey and success of IIFL Wealth & Asset Management could, in equal measure, be attributed to the commitment and tenacity of its team and conducive demographic and investment environment in the country.

IIFL Wealth pioneered the concept of charging an advisory fee instead of commissions bringing transparency to all their dealings and inspiring clients’ trust. The strong value proposition held the firm in good stead and was integral in cementing its position in the industry.

Business area of the company

IIFL is registered with SEBI as stock broker, depository participant, research analyst, portfolio manager and distributor of financial products. 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

Services offered by the company

  • IIFL-ONE
  • Investment Products
  • Lending Solutions
  • Estate Planning

Awards

2011

  • The Best Wealth Management House in India- The Asset Triple A Digital Enterprise Awards
  • Best Net Sales Equity Funds- Wealth Forum Advisors Awards
  • Best National Distributors- Wealth Forum Advisors Awards

2012

  • Best Commodities Investment in India- Euromoney Private Banking & Wealth Management Survey
  • The Best Wealth Management House- The Asset Triple A Digital Enterprise Awards
  • Outstanding Private Bank - South Asia- Private Banker International
  • Best Fixed Income Portfolio Management, India Euromoney Private Banking & Wealth Management Survey

2013

  • The Best Wealth Management House, India- The Asset Triple A Digital Enterprise Awards
  • Fastest Growing Wealth Management Company in India- UTI MF & CNBC-TV18 Financial Advisor Awards
  • Best Wealth Management Company (>50 employees) , India- Wealth Briefing Asia Awards
  • Highly Commended Private Bank, India- Wealth Briefing Asia Awards
  • Distributor of the Year- Wealth Forum Advisors Awards

2014

  • Best Private Bank for Innovation in Technology in Asia- Euromoney Innovations in Wealth Management Technology Awards
  • Best Wealth Management Specialist - Asia- The Asset Triple A Digital Enterprise Awards
  • Best Wealth Manager, India- The Asset Triple A Digital Enterprise Awards
  • Best Private Banking Services Overall, India- Euromoney Private Banking & Wealth Management Survey
  • Best Relationship Management- Euromoney Private Banking & Wealth Management Survey
  • Range of Investment Products- Euromoney Private Banking & Wealth Management Survey
  • Specialized Services - For Entrepreneurs- Euromoney Private Banking & Wealth Management Survey
  • Fixed Income Portfolio Management- Euromoney Private Banking & Wealth Management Survey
  • Real Estate Investment- Euromoney Private Banking & Wealth Management Survey
  • Managed Futures- Euromoney Private Banking & Wealth Management Survey
  • Hedge Fund Investment- Euromoney Private Banking & Wealth Management Survey
  • Best Performing National Financial Wealth Distributor- UTI & CNBC, TV18 Financial Advisor Awards

2015

  • Outstanding Private Bank,- South Asia (Highly Commended)- Private Banker International (PBI) Global Wealth Awards
  • Best Private Bank , India- The Asset Triple A Digital Enterprise Awards
  • Best Wealth Management Advisory Firm- International Finance Magazine (IFM) Awards
  • Best Private Bank For Innovation In Technology, India- International Finance Magazine (IFM) Awards
  • Best Private Bank for Research and Asset Allocation- Euromoney Private Banking and Wealth Management Survey
  • Best Private Bank for High Net Worth Clients- Euromoney Private Banking and Wealth Management Survey
  • Best Domestic Private Bank in India-Overall- Asiamoney Private Banking Poll
  • Best Domestic Private Bank in India >$25 million- Asiamoney Private Banking Poll

2016

  • Best Online Wealth Management Experience, India- The Asset Triple A Digital Awards 2016
  • Best Wealth Manager - India Domestic- Asian Private Banker Awards for Distinction
  • Best Private Bank, India- The Asset Triple A Banking, Wealth Management and Investment Awards 2016
  • Best Performing National Financial Advisor Wealth Distributor- UTI MF & CNBC-TV18 Financial Advisor Awards
  • Best Independent Wealth Management Team, India- Capital Finance International Awards
  • Best Private Wealth Manager, India- Alternative Investment Awards
  • Best India Start-Up Fund: Seed Venture Fund- Alternative Investment Awards
  • Best Online Wealth Management Experience- The Asset Triple A Digital Enterprise Awards 2016
  • Best Private Banking Services Overall, India- Euromoney Private Banking and Wealth Management Survey 2016
  • Best Research and Asset Allocation Advice, India- Euromoney Private Banking and Wealth Management Survey 2016
  • Best Net-worth-specific services, India- Euromoney Private Banking and Wealth Management Survey 2016
  • Best Family Office Services, India- Euromoney Private Banking and Wealth Management Survey 2016
  • Best Wealth Management Firm, India- APAC Insider Investment Awards
  • Best Domestic Private Bank, India- Asian Private Banker Awards of Distinction, 2015

2017

  • Best Private Bank, India- Global Finance Best Private Bank Awards 2017
  • Best Innovative Technology - Back Office Systems- Euromoney Private Banking and Wealth Management Survey, 2017
  • Best Succession Planning Advice and Trusts- Euromoney Private Banking and Wealth Management Survey, 2017
  • Best Research and Asset Allocation Advice- Euromoney Private Banking and Wealth Management Survey, 2017
  • Best Family Office Services- Euromoney Private Banking and Wealth Management Survey, 2017
  • Best Net-worth-specific services (US$ 5 mn to 30 mn)- Euromoney Private Banking and Wealth Management Survey, 2017
  • Best private banking services overall- Euromoney Private Banking and Wealth Management Survey, 2017
  • Best Private Bank, India- The Asset Triple A Private Banking, Wealth Management, Investment and ETF Awards, 2017
  • Best Private Bank - India- Asiamoney Best Bank Awards 2017: India

2018

  • BFSI Best Brands- The Economic Times, 2018
  • Asia's Greatest Brands & Leaders- URS Asia One, 2018
  • Best Family Office Services, India- Euromoney Private Banking and Wealth Management Survey, 2018
  • Research and Asset Allocation Advice, India- Euromoney Private Banking and Wealth Management Survey, 2018
  • Best Succession Planning Advice and Trusts, India- Euromoney Private Banking and Wealth Management Survey, 2018
  • Best Private Bank in Indi- Global Finance Best Private Bank Awards, 2018
  • Best Wealth Manager - India Domestic- Asian Private Banker Awards for Disctinction, 2017
  • Best Digital Wealth Management Experience, India- The Asset Triple A Digital Awards 2017
  • Best-in-Class Talent Management Award- Employee Engagement Leadership Awards, 2018
  • Best Employee Engagement in Non-Banking Sector- Employee Engagement Leadership Awards, 2018

2019

  • Outstanding Wealth Management Technology Initiative - Front End- 29th Annual Private Banker International Global Wealth Summit and Awards 2019
  • Financial Services Company of the Year- VCCircle Awards, 2019

2020

  • Best Private Banking Services Overall - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Mega High Net Worth Clients (US$ 250m+) - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Ultra High Net Worth Clients (US$ 30m - US$ 250m) - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best High Net Worth Clients (US$ 5mn - US$ 30mn) - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Super Affluent Clients (US$ 1mn - US$ 5mn) - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Family Office Services - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Investment Management - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Next Generation - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Serving Business Owners - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Research and Asset Allocation Advice - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Capital Markets and Advisory - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best International Clients - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Philanthropic Advice - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best ESG / Impact Investing - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Data Management and Security - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.
  • Best Innovative or Emerging Technology Adoption - India- At the 2020 Euromoney Private Banking and Wealth Management Survey. The awards are based on the peer ratings.

Milestones

  • 2008- IIFL Wealth was born. Largest structured note issuance of its time
  • 2009- Global footprint established as IIFL Inc set up international offices including US, Dubai, Singapore, Mauritius
  • 2010- Cross the Rs 1,500 crore mark for AUM in record time
  • 2011- Acquired Pune-based Finest Wealth Advisors, adding Rs 1700 crore to AUM
  • 2012- Reached the Rs. 25000 crore landmark in AUM
  • 2013- Acquired an Asset Management company and Private Equity firm; launched zero fixed, only success fee based AIF
  • 2014- Took lead in the Alternative Investment Fund space. The size of this business crossed Rs 5,400 crore
  • 2015- General Atlantic picks up 21.61% stake in IIFL Investment Managers and this investment is seen as an endorsement to the quality of the team built over the years
  • 2016- Acquired an NBFC, infusing `900 cr as capital, and renamed it IIFL Wealth Finance
  • 2017- Assets under Management Distribution and Advice crosses Rs 120,000 crore (Rs 121 billion) as on  March 31, 2017
  • 2018- Announced demerger, paving the way for IIFL Wealth as a separately listed entity
  • 2019- IIFL Wealth & Asset Management gets listed on NSE and BSE.
  • 2019- IIFL Wealth enters into a definitive agreement to acquire L&T Capital Markets, a wholly owned subsidiary of L&T Finance Holdings.
  • 2020- Consolidated AUM including custody assets at Rs. 1,60,034 crore; 109 awards in 12 years
  • 2020- Acquired L&T Capital Markets, a wholly owned subsidiary of L&T Finance Holdings
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