The Investment Trust of India Ltd - Stock Valuation and Financial Performance

BSE: 530023 | NSE: THEINVEST | Finance - NBFC | Small Cap

The Investment Trust Share Price

145.10 0.00 0.00%
as on 12-Apr'24 10:06

DeciZen - make an informed investing decision on The Investment Trust

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

The Investment Trust of India stock performance -

mw4me loader
P/E Ratio (SA):
59.84
Market Cap:
756.7 Cr.
52-wk low:
70.9
52-wk high:
170.9

Is The Investment Trust of India Ltd an attractive stock to invest in?

1. Is The Investment Trust of India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that The Investment Trust of India Ltd is a below average quality company.

2. Is The Investment Trust of India Ltd undervalued or overvalued?

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

3. Is The Investment Trust of India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of The Investment Trust of India 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 The Investment Trust:

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.
The Investment Trust of India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)41.63.312.311437818676.511597.455
YoY Gr. Rt. %--60.4%103.1%278.2%830.8%230.8%-51%-58.7%50.3%-15.3%-
Adj EPS (₹ ) -0.2000-3.51.1-1.1-0.60.21.32.4
YoY Gr. Rt. %-NANA0%-8900%NA-198.2%NANA600%-
BVPS (₹ )60.960.175.982.779.383.683.382.883.386.388.3
YoY Gr. Rt. %--1.4%26.4%9%-4.2%5.4%-0.3%-0.7%0.7%3.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)-0.200.10-2.60.9-1-0.50.21.40

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income42.4%-3.2%-19.3%-15.3%
Adj EPSNANANA600%
BVPS3.9%1.7%1.2%3.6%
Share Price 9.3% -4.8% 17.8% 100.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
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 (%)-61.13.41.6-15.71.5-3-3.70.87.122.9
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)-0.200.10.1-4.41.4-1.3-0.70.21.62.7

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.80%

Total income growth is good in last 4 quarters

Total Income has declined -48.79 CAGR in last 3 years

Net Profit has declined 0.00 CAGR in last 3 years

Latest Financials - The Investment Trust of India Ltd.

Standalone Consolidated
TTM EPS (₹) 2.4 5.4
TTM Sales (₹ Cr.) 55.2 280
BVPS (₹.) 88.3 124.6
Reserves (₹ Cr.) 409 599
P/BV 1.64 1.16
PE 59.84 26.95
From the Market
52 Week Low / High (₹) 70.92 / 170.85
All Time Low / High (₹) 0.57 / 410.00
Market Cap (₹ Cr.) 757
Equity (₹ Cr.) 52.2
Face Value (₹) 10
Industry PE 32.5

Management X-Ray of The Investment Trust:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of The Investment Trust

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income8541912738419186124111
Interest Income423121143781867711597
Other Income 4407136510913
Expenditure 8541914638219990124104
Interest Expense 420434481215146
Operating Expenses 434131113311877410998
Provisions 0002120110
Exceptional Items 0011000000
Profit Before Tax 0000-182-8-407
Taxes 00000-3-3-1-10
Profit After Tax 0000-186-6-317
Adjusted EPS (₹)-0.20.00.00.0-3.51.1-1.1-0.60.21.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Equity Capital99215215422405428432430431453
Share Capital 13282851515152525252
Reserves 86187187371354377381379380401
Minority Interest0000000000
Long Term Borrowings0000319-122516230
Current Liabilities 311725571181231333657
Trade Payables00003125112
Short term borrowings28061970181031072746
Other Liabilities320-6-197-3-30-108-109-29-48
Total Liabilities 189216223678730534581579491510

Assets

Non Current Asset 118200210646651377506518455484
Loan Asset 0000000000
Other Non Current Asset 118200210646651377506518455484
Current Asset 721512318015775613626
Current Investment0000000000
Other Current Asset721512318015775613626
Total Assets 189216223678730534581579491510

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -6149436-92519371927
Cash Flow From Investing Activity -11-75-10-4278280-77-2275-34
Cash Flow From Financing Activity 7326639185-33166-14-967
Net Cash Flow 000010-11-20
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)0000-41-1-101
DPS (₹)0000000000
BVPS (₹)77767683798483838386

Performance Ratios

ROA (%)-0.20.00.10.0-2.60.9-1.0-0.50.21.4
ROE (%)-0.20.00.10.1-4.41.4-1.3-0.70.21.6
ROCE (%)2.51.00.21.02.38.70.72.02.82.6

Valuation Parameters

Price/Book(x)1.03.11.73.72.72.20.71.11.40.8

The Investment Trust of India Ltd Stock News

The Investment Trust of India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of The Investment Trust on 12-Apr-2024 10:06 is ₹145.1.
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 12-Apr-2024 10:06 the market cap of The Investment Trust stood at ₹756.7.
The latest P/E ratio of The Investment Trust as of 12-Apr-2024 10:06 is 59.84.
The latest P/B ratio of The Investment Trust as of 12-Apr-2024 10:06 is 1.64.
The 52-week high of The Investment Trust is ₹170.8 and the 52-week low is ₹70.92.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of The Investment Trust is ₹55.16 ( Cr.) .

About The Investment Trust of India Ltd

Fortune Financial Services (I) Limited was incorporated in the year 1991 by J T Poonja, Chairman and Nimish C Shah, Vice Chairman and Managing Director. Fortune Group which comprises the holding company Fortune Financial Services (India) Limited and its wholly-owned subsidiaries, is engaged in providing a range of Financial Services right from Equities and Derivatives trading, Equity Research, Commodities Trading, Portfolio Management Services, Distribution of Mutual Funds, IPO & Insurance products and also Investment banking services.

The main activities of the company are conducted through Fortune Financial Services which is also the holding company & its wholly owned subsidiaries, it is engaged in providing a range of Financial Services right from Equities and Derivatives trading, Equity Research, Commodities Trading, Portfolio Management Services, Distribution of Mutual Funds, IPO & Insurance products and also Investment banking services.

Services offered by the company

Equities and Derivatives trading, Equity Research, Commodities trading, Portfolio Management Services, distribution of Mutual Funds, IPO & Insurance products and also Investment banking.

Subsidiaries of the company are:

Fortune Financial Services (India) Ltd

  • Fortune Financial Services (I) Ltd. is listed on the Bombay Stock Exchange and is SEBI registered Category I Merchant Banker. It has recently got approval from SEBI to launch its Portfolio Management Services (PMS). FFSIL has four business verticals viz. Fortune Equity Brokers (I) Limited, Fortune Commodities & Derivatives (I) Ltd., Fortune Credit Capital (I) Ltd. and Fortune Insurance Advisory Services (I) Ltd.

Fortune Equity Brokers (India) Ltd.

  • Fortune Equity Brokers (India) Ltd. is 100% subsidiary company of M/s. Fortune Financial Services (India) Ltd. It offers broking services in the Cash and Future & Option Segments of the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited. It is also a Depository Participant of Central Depository Services (India) Ltd.

Fortune Commodities & Derivatives (India) Ltd.

  • Fortune Commodities & Derivatives (India) Ltd. is subsidiary company of M/s. Fortune Financial Services (India) Ltd. and engaged in the business of commodities broking. It is having memberships with the MCX and NCDEX, two leading Indian Commodities Exchanges.

Fortune Credit Capital (India) Ltd.

  • Fortune Credit Capital (India) Ltd. is 100% subsidiary company of M/s. Fortune Financial Services (India) Ltd. It is formed for the purpose of financing, lending to the clients. The Company has applied with RBI for NBFC license and the same is expected shortly.

Fortune Insurance Advisory Services (India) Ltd.

  • Fortune Insurance Advisory Services (India) Ltd. is 100% subsidiary company of M/s. Fortune Financial Services (India) Ltd. and formed for the purpose of providing insurance broking and related products and services.

Milestones achieved

1991

  • J T Poonja and Nimish C Shah incorporated Fortune Financial Services (India) Private Limited as a Non-Banking Financial Company (NBFC). Besides core investment banking and corporate advisory services, Fortune's also focused on fund based activities such as lease, hire purchase, bill discounting and inter-corporate loans

1993

  • Fortune became a SEBI registered Category - I Merchant Banker

1994

  • In anticipation of a potential IPO, the name of the Company was changed to Fortune Financial Services (India) Ltd.
  • Opened an office in New Delhi to increase the scope of activities

1995

  • Authorized Capital of Fortune was increased to Rs 600 lakh
  • Fortune made an Initial Public Offering (IPO) of 25 lakh equity shares of Rs.10 each at a premium of Rs. 20 per share aggregating to Rs 750 lakh. The issue was over subscribed by 2.52 times
  • Fortune was listed on the Bombay Stock Exchange, Delhi Stock Exchange, Ahmedabad Stock Exchange and Madras Stock Exchange
  • Fortune opened a branch office in Bangalore
  • Fortune was associated with 10 issues aggregating to Rs 115 crore as Lead / Co-managers
  • Fortune was involved with underwriting 113 issues for an aggregate amount of Rs 26 crore
  • Company received membership of National Stock Exchange (NSE). Fortune promoted a separate company called Good Fortune Advisory Services Pvt. Ltd., to operate this activity and invested Rs10 lakh towards share capital

1996

  • Fortune launched its consumer finance division with a primary focus on car financing. Opened offices in Pune and Mangalore
  • Fortune handled 9 Investment Banking assignments in its capacity as Lead Managers/ Co-Managers/ Advisors aggregating to Rs 176 crore. This included the issue of Search Chem Industries Limited, a group company of United Phosphorus Limited
  • Fortune set up its in-house equity research division with a view to provide equity research to corporate clients and support its corporate finance and investment banking activities
  • Fortune started accepting fixed deposits from public. The fixed deposit schemes of the Company is rated 'FA' by CRISIL
  • Besides having a fixed deposit center in Mumbai, Fortune opened centers in Madras, Bangalore and New Delhi

1997

  • In order to broaden its base in consumer finance, Fortune took up office equipment finance in addition to car financing.
  • Fortune extended its focus to External Commercial Borrowings, private placement of Non-Convertible Debentures and Preference Shares for mobilizing funds for its corporate clients.
  • Opened offices at Chennai and Chandigargh to promote consumer finance and corporate financing activities.

1998

  • Due to a downturn in the market conditions, Fortune's senior management decided to suspend the NBFC activities effective from April 1998
  • The fixed deposit scheme of Fortune was rated 'FA' by CRISIL on account of its timely repayment of interest, repayment of the principal and the safety of the deposits
  • Fortune stopped accepting / renewing fixed deposits since April 1998

1999

  • Fortune Financial became the 1st Indian company to go in for a buyback of its shares, subsequent to the guidelines for Buyback of shares coming into effect from Jan 1999
  • Fortune offered to buyback 25% of its paid-up capital of Rs.549 lacs at an offer price of Rs.10/- each per share as against the average quoted market price of Rs.5.65 per share. An amount of Rs.114 lacs was reduced from the share capital consequent to the buyback
  • Successfully completed the second buyback and reduced Rs. 47 lacs from the share capital
  • Fortune prepaid / repaid all its fixed deposit outstanding along with interest

2000

  • Acquired Corporate Membership of Bombay Stock Exchange Limited (BSE)
  • In addition to Investment Banking and Corporate Advisory Services, Fortune launched its stock broking activities
  • Fortune concluded two major deals involving a FMCG company and a well know media Company's private placement of equity shares

2001

  • Fortune completed the private placement of equity shares of Popular Entertainment Network Limited and clickforcotton.com, India's first cotton exchange portal
  • Managed few IPOs, take over offers and right issue despite adverse market conditions
  • Fortune also made a secondary market placement of equity shares for Goldstone Technologies Ltd., and Mirc Electronics Limited

2002

  • Fortune commenced its full fledged broking operation by empanelling with leading FIs / MFs / Banks
  • Fortune completed a major take over offer of Noble Explochem
  • Reserve Bank of India de-registered Fortune as a NBFC
  • Fortune's equity shares are voluntarily de-listed from Madras Stock Exchange

2003

  • Managed open offers of Gujarat JHM Hotels Ltd., Punjab Chemicals and Pharmaceuticals Ltd.
  • Fortune's equity shares are voluntarily de-listed from Ahmedabad Stock Exchange Ltd
  • Fortune empanelled with three institutions for secondary market business

2004

  • Fortune empanelled with seventeen institutional clients for its secondary market business
  • Fortune was appointed as merchant bankers to manage an open offer by Zircon Traders Ltd.
  • Successfully completed the FCCB issues for Alok Industries Limited and United Phosphorus Limited raising approximately $ 110 million
  • Opened its branch at Hyderabad to promote stock broking activities
  • Fortune's shares are voluntarily de-listed from Delhi Stock Exchange
  • Subsidiary company started mutual fund distribution during FY 2003-04

2005

  • Fortune was associated with ECB/FCCB overseas fund raising for its Indian mid-sized corporate clients in excess of $250 million.
  • Fortune was involved with varied domestic assignments - follow on issues, buyback program, open offers and IPOs for Indian mid-sized corporate clients
  • Fortune proposes to increase its capital base by making a bonus issue during FY 2005-2006
  • Opened a branch office in Goa
  • Commenced F&O operations on the National Stock Exchange (NSE)

2006

  • Shareholders of Fortune approved the issuance of bonus shares in the ratio of 1:1
  • Allotment of bonus shares was completed on March 31, 2006
  • Commenced DP Services
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