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Last Updated on: 22 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: | NSE:

Wealth First Portfolio Managers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 6:13 pm

Market Cap 1,592 Cr.
Current Price 1,494
High / Low1,715/385
Stock P/E30.2
Book Value 134
Dividend Yield0.54 %
ROCE56.8 %
ROE43.8 %
Face Value 10.0
PEG Ratio1.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Wealth First Portfolio Managers Ltd

Competitors of Wealth First Portfolio Managers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nam Securities Ltd 85.7 Cr. 159198/59.3238 21.20.00 %4.16 %3.05 % 10.0
Naperol Investments Ltd 845 Cr. 1,4702,041/801862 3,2040.00 %0.08 %0.05 % 10.0
Inani Securities Ltd 14.1 Cr. 30.842.0/20.59.70 42.20.00 %10.6 %6.92 % 10.0
HCKK Ventures Ltd 41.4 Cr. 112154/77.4230 11.50.00 %8.17 %6.44 % 10.0
HB Portfolio Ltd 107 Cr. 99.5177/54.314.4 2791.01 %3.34 %2.90 % 10.0
Industry Average7,209.63 Cr2,323.7676.615,594.830.29%15.23%17.14%7.45

All Competitor Stocks of Wealth First Portfolio Managers Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales11868412851114151420
Expenses1223233233323
Operating Profit105452862910121218
OPM %87%72%66%68%58%73%65%50%77%76%81%83%87%
Other Income0001010-133161
Interest0000000000000
Depreciation0000000000000
Profit before tax1054629521113131819
Tax %25%25%25%19%25%25%25%34%25%20%25%22%26%
Net Profit74352741810101414
EPS in Rs6.763.802.674.381.596.273.821.007.929.609.4912.7512.94

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales199143169150199224331102533296663
Expenses198141164146191212321768101111
Operating Profit12448121021825195552
OPM %1%1%3%3%4%5%3%25%74%75%65%83%82%
Other Income00100000000011
Interest1231210000000
Depreciation0000000000000
Profit before tax0023611921825185562
Tax %32%30%16%20%20%18%23%28%29%24%26%23%
Net Profit002359711319144248
EPS in Rs0.950.7010.102.434.508.196.591.2112.0017.6212.6839.7744.78
Dividend Payout %0%42%6%12%13%7%9%50%8%11%24%18%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)50.00%66.67%80.00%-22.22%-85.71%1200.00%46.15%-26.32%200.00%
Change in YoY Net Profit Growth (%)0.00%16.67%13.33%-102.22%-63.49%1285.71%-1153.85%-72.47%226.32%

Wealth First Portfolio Managers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-7%
5 Years:-28%
3 Years:39%
TTM:81%
Compounded Profit Growth
10 Years:77%
5 Years:43%
3 Years:49%
TTM:121%
Stock Price CAGR
10 Years:%
5 Years:77%
3 Years:80%
1 Year:277%
Return on Equity
10 Years:30%
5 Years:30%
3 Years:33%
Last Year:44%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 2:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital111666661111111111
Reserves224913222828365566107133
Borrowings17205181861302006
Other Liabilities011123443344748
Total Liabilities2124114541384040507280125198
Fixed Assets1100001101111
CWIP0000000000000
Investments01001000318394946
Other Assets192211454137383946524075150
Total Assets2124114541384040507280125198

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-13-116-211168-87212128
Cash from Investing Activity +-0-02121-02-3-18-19-10
Cash from Financing Activity +141-1719-2-14-60-41-4-4
Net Cash Flow1-12-1232-614-315

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-16.00-18.00-1.00-14.00-10.006.009.00-1.0018.0023.0019.0055.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days10013434522363824
Inventory Days32521693654428
Days Payable0000000
Cash Conversion Cycle325316946847304522363824
Working Capital Days325316635839261,224485346310301
ROCE %9%9%27%22%23%33%27%6%44%44%26%57%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.01%74.01%74.01%74.01%74.01%
Public25.99%26.00%26.00%26.00%26.00%25.99%26.00%25.98%25.99%25.99%25.99%25.99%
No. of Shareholders4694635035125406768268009781,1782,1724,232

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)40.0612.9817.6915.102.00
Diluted EPS (Rs.)40.0612.9817.6915.102.00
Cash EPS (Rs.)40.4013.4318.0012.302.52
Book Value[Excl.RevalReserv]/Share (Rs.)111.0071.9461.5643.3953.92
Book Value[Incl.RevalReserv]/Share (Rs.)111.0071.9461.5643.3953.92
Revenue From Operations / Share (Rs.)50.9927.6829.2522.2715.12
PBDIT / Share (Rs.)52.4018.0523.5817.354.05
PBIT / Share (Rs.)52.0517.6023.2817.143.53
PBT / Share (Rs.)52.0117.5323.2217.082.79
Net Profit / Share (Rs.)40.0612.9817.6912.082.00
NP After MI And SOA / Share (Rs.)40.0612.9817.6912.082.00
PBDIT Margin (%)102.7565.2080.6277.9126.79
PBIT Margin (%)102.0863.5779.5876.9623.35
PBT Margin (%)101.9963.3279.3776.7018.43
Net Profit Margin (%)78.5546.9060.4854.2613.24
NP After MI And SOA Margin (%)78.5546.9060.4854.2613.24
Return on Networth / Equity (%)36.0818.0428.7327.843.71
Return on Capital Employeed (%)46.6224.2437.4138.926.42
Return On Assets (%)34.1817.2226.2923.773.20
Total Debt / Equity (X)0.000.000.020.000.07
Asset Turnover Ratio (%)0.520.380.490.500.24
Current Ratio (X)11.5010.567.565.917.75
Quick Ratio (X)1.852.501.711.210.91
Dividend Payout Ratio (NP) (%)7.4815.400.008.2749.93
Dividend Payout Ratio (CP) (%)7.4214.880.008.1339.63
Earning Retention Ratio (%)92.5284.600.0091.7350.07
Cash Earning Retention Ratio (%)92.5885.120.0091.8760.37
Interest Coverage Ratio (X)1160.18258.54379.13309.975.44
Interest Coverage Ratio (Post Tax) (X)887.91186.95285.43216.863.69
Enterprise Value (Cr.)661.72300.81286.46132.0680.46
EV / Net Operating Revenue (X)12.1810.209.195.578.32
EV / EBITDA (X)11.8515.6411.407.1431.05
MarketCap / Net Operating Revenue (X)12.2710.299.315.678.20
Retention Ratios (%)92.5184.590.0091.7250.06
Price / BV (X)5.643.964.422.912.30
Price / Net Operating Revenue (X)12.2710.299.315.678.20
EarningsYield0.060.040.060.090.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Wealth First Portfolio Managers Ltd as of November 22, 2024 is: 1,782.07

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 22, 2024, Wealth First Portfolio Managers Ltd is Undervalued by 19.28% compared to the current share price 1,494.00

Intrinsic Value of Wealth First Portfolio Managers Ltd as of November 22, 2024 is: 2,319.02

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 22, 2024, Wealth First Portfolio Managers Ltd is Undervalued by 55.22% compared to the current share price 1,494.00

Last 5 Year EPS CAGR: 30.13%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 27.25%, which is a positive sign.
  2. The company has higher reserves (38.85 cr) compared to borrowings (7.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (126.23 cr) and profit (16.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 144.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 42.08, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Wealth First Portfolio Managers Ltd:
    1. Net Profit Margin: 78.55%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 46.62% (Industry Average ROCE: 15.23%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 36.08% (Industry Average ROE: 17.14%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 887.91
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.85
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 30.2 (Industry average Stock P/E: 76.61)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Wealth First Portfolio Managers Ltd. is a Public Limited Listed company incorporated on 16/04/2002 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L67120GJ2002PLC040636 and registration number is 040636. Currently Company is involved in the business activities of Security and commodity contracts brokerage. Company’s Total Operating Revenue is Rs. 31.17 Cr. and Equity Capital is Rs. 10.66 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsCapitol House, 10 Paras-II, Ahmedabad Gujarat 380015info@wealthfirst.biz
http://www.wealth-firstonline.com
Management
NamePosition Held
Mr. Ashish Navnitlal ShahManaging Director
Ms. Hena Ashish ShahWhole Time Director
Mr. Devanshu Rashmikant MehtaIndependent Director
Ms. Binal Bhukhanwala GandhiIndependent Director
Mr. Rajan Babubhai MehtaIndependent Director
Mr. Sanjiv Harshad ShahIndependent Director

FAQ

What is the latest intrinsic value of Wealth First Portfolio Managers Ltd?

The latest intrinsic value of Wealth First Portfolio Managers Ltd as on 21 November 2024 is ₹1782.07, which is 19.28% higher than the current market price of ₹1,494.00.

What is the Market Cap of Wealth First Portfolio Managers Ltd?

The Market Cap of Wealth First Portfolio Managers Ltd is 1,592 Cr..

What is the current Stock Price of Wealth First Portfolio Managers Ltd as on 21 November 2024?

The current stock price of Wealth First Portfolio Managers Ltd as on 21 November 2024 is ₹1,494.

What is the High / Low of Wealth First Portfolio Managers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Wealth First Portfolio Managers Ltd stocks is 1,715/385.

What is the Stock P/E of Wealth First Portfolio Managers Ltd?

The Stock P/E of Wealth First Portfolio Managers Ltd is 30.2.

What is the Book Value of Wealth First Portfolio Managers Ltd?

The Book Value of Wealth First Portfolio Managers Ltd is 134.

What is the Dividend Yield of Wealth First Portfolio Managers Ltd?

The Dividend Yield of Wealth First Portfolio Managers Ltd is 0.54 %.

What is the ROCE of Wealth First Portfolio Managers Ltd?

The ROCE of Wealth First Portfolio Managers Ltd is 56.8 %.

What is the ROE of Wealth First Portfolio Managers Ltd?

The ROE of Wealth First Portfolio Managers Ltd is 43.8 %.

What is the Face Value of Wealth First Portfolio Managers Ltd?

The Face Value of Wealth First Portfolio Managers Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Wealth First Portfolio Managers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE