IL&FS Investment Managers Ltd Stock Analysis

BSE: 511208 | NSE: IVC | Finance - Investment | Small Cap

BSE Share Price 29-Nov-2022 14:21
7.50 -0.13 (-1.70%)

DeciZen - Make an Informed Decision on IL&FS Investment Mgr

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

IL&FS Investment Mgr Price Chart

P/E Ratio (SA) :
15.14
Market Cap :
239.6 Cr.
52-wk low :
5.7
52-wk high :
11.3
Bole Toh?

1. Is IL&FS Investment Managers Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that IL&FS Investment Managers Ltd is a below average quality company.

2. Is IL&FS Investment Managers Ltd undervalued or overvalued?

The key valuation ratios of IL&FS Investment Managers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is IL&FS Investment Managers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of IL&FS Investment Managers 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 IL&FS Investment Mgr:

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.
IL&FS Investment Managers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Operating Income (₹ Cr.)10111110410261.637.736.3247.43.85
YoY Gr. Rt. %-10.1%-6.6%-1.8%-39.7%-38.8%-3.5%-34%-69.2%-49.2%-
Adj EPS (₹ ) 1.41.71.81.60.80.20.30.3-0.10.40.5
YoY Gr. Rt. %-26.7%4.1%-12.4%-51.3%-77.6%88.2%-21.9%-136%NA-
BVPS (₹ )33.33.73.94.74.23.93.83.13.22.9
YoY Gr. Rt. %-9.7%10.9%8%19.5%-11.9%-7%-1.8%-17.9%3.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)29.522.917.214.68.42.97.46.1-2.411.90

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Net Interest Income-30.7%-42.9%-53.1%-49.2%
Adj EPS-12.6%-12.1%7.7%NA
BVPS0.8%-7.4%-6%3.2%
Share Price -7.6% -21.4% 27.4% 14.5%

Key Financial Ratios

RATIOS \ YEARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)4248.353.848.138.914.12833.1-38333.4337
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)46.954.551.341.217.63.88.16.6-2.612.617.5

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.50%

Net Profit has increased 7.72 CAGR in last 3 years

Total Income has declined -0.85 CAGR in last 3 years

Total income growth is poor in last 4 quarters

Latest Financials - IL&FS Investment Managers Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 0.4
TTM Sales (₹ Cr.) 4.7 55.5
BVPS (₹.) 2.9 6.6
Reserves (₹ Cr.) 27 146
P/BV 2.67 1.14
PE 15.14 18.79
From the Market
52 Week Low / High (₹) 5.71 / 11.34
All Time Low / High (₹) 0.20 / 39.64
Market Cap (₹ Cr.) 240
Equity (₹ Cr.) 62.8
Face Value (₹) 2
Industry PE 70.1

Management X-Ray of IL&FS Investment Mgr :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of IL&FS Investment Mgr

Adj EPS (Rs.)
Total Income (Cr.)
ROE (%)
BVPS (Rs.)

News

IL&FS Investment Managers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IL&FS Investment Mgr on 29-Nov-2022 14:21 is : 7.50.
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 29-Nov-2022 14:21 the market cap of IL&FS Investment Mgr stood at ₹ 239.6.
The latest PE ratio of IL&FS Investment Mgr as of 29-Nov-2022 14:21 is 15.14.
The latest PB ratio of IL&FS Investment Mgr as of 29-Nov-2022 14:21 is 2.67
The 52-week high of IL&FS Investment Mgr is ₹ 11.34 and the 52-week low is ₹ 5.71.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of IL&FS Investment Mgr is ₹ 4.66 ( Cr.) .

About IL&FS Investment Managers Ltd

IL&FS Investment Managers, a subsidiary of Infrastructure Leasing & Financial Services (IL&FS), is one of the oldest and largest private equity fund managers in India, with over $1.9 bn under management.

Established in 1989, IIML has been an early and in many instances, the first investor across various sectors such as Telecom, City Gas Distribution, Shipyards, Retail, and Media. Funds managed by IIML now span General Purpose Private Equity, Real Estate and Infrastructure.

Investors to IIML managed funds include most of the major Indian banks & institutions, and marquee global institutional Investors including major US pension funds, endowments and foundations.

IIML is listed on the National Stock Exchange and the Bombay Stock Exchange.

The origins of IIML date back to 1989 when it was founded as Credit Capital Venture Fund (India) Limited (CCVF), an affiliate of Lazard Brothers. CCVF was the first private sector venture capital company in India, and managed a number of small sector focused funds apart from investing its own proprietary capital.

Infrastructure Leasing & Financial Services Limited (IL&FS) acquired CCVF in 1996, completed an intensive management and financial re-structuring, merged its own private equity business into CCVF and renamed it IL&FS Investment Managers Limited (IIML).

As of March 2008, IL&FS retains management control of IIML with a shareholding of 53%. The remaining ownership resides with IIML directors and employees (7%) and with the public 40%.

The company operates in mainly three verticals:

  • Private Equity- IIML has been a seasoned provider of private equity capital to companies across sectors. Starting with the AIG India Sectoral Equity Fund in late 90’s, when IIML became the earliest investors into the then nascent retail sector, IIML’s private equity practice has led investments across a range of sectors – sunrise areas like pharmaceutical research, high-end telecom technology product development, media production services, technology led CRM and news services to traditional sectors such as textiles, drug manufacturing, construction, processed foods, component and tool fabrication and hotels.
  • Real Estate- Recognizing the latent potential and investment needs of the real estate sector, IIML was among the first to take advantage of the sector opening up to foreign investment. IIML established the first real estate focused fund – IL&FS India Realty Fund I in 2005, well before the entry of most of the rreal estate players; well before the start of the real estate cycle.
  • Infrastructure- Given its parentage, IIML undertook unique and path breaking investments in the infrastructure space. IIML emerged as one of the first investors in infrastructure in late 1990s when it invested in the telecom space through the $91 mn AIG Indian Sectoral Equity Fund (AISEF). This was followed by other ‘firsts’ – first road sector investment, first energy investment, first in the rail sector.

Achievements

During the course of the last 14 years, IIML raised and managed 9 funds, which invested across the wide spectrum of the Indian economy.

Three of these Funds – AIG India Sectoral Equity Fund (Vintage : 1996), India Project Development Fund (Vintage 2000) and India Auto Ancillary Fund (Vintage 1998) – were fully divested in 2007 - 2008, providing attractive returns for their contributors. This experience across fund cycles is a unique for any Indian private equity fund manager.

Recent developments

IL&FS Investment Managers (IIML) has closed its growth equity fund at $225 million in January 2009. Tara India Fund III originally targeted $400 million, but had been cut in size by nearly half, given the economic downturn.It will provide growth capital to domestic companies across a wide range of sectors. Core target areas are spread across manufacturing, information technology, media, logistics and infrastructure services.

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