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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of IIFL Finance Ltd

About the Company - IIFL Finance Ltd

IIFL Finance Ltd. is a Public Limited Listed company incorporated on 18/10/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L67100MH1995PLC093797 and registration number is 093797. Currently Company is involved in the business activities of Other credit granting. Company’s Total Operating Revenue is Rs. 4062.31 Cr. and Equity Capital is Rs. 75.92 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)IIFL House, Sun Infotech Park, Thane Maharashtra 400604shareholders@iifl.com
https://www.iifl.com
Management
NamePosition Held
Mr. Arun Kumar PurwarChairman & Ind.Director
Mr. Nirmal JainManaging Director
Mr. R VenkataramanJoint Managing Director
Mr. Chandran RatnaswamiNon Executive Director
Mr. Vijay Kumar ChopraIndependent Director
Ms. Geeta MathurIndependent Director
Mr. Ramakrishnan SubramanianIndependent Director
Mr. Nilesh VikamseyIndependent Director

Basic Stock Data of IIFL Finance Ltd

Last Updated: June 12, 2024, 10:39 pm

Market Cap 20,091 Cr.
Current Price 474
High / Low684/304
Stock P/E11.2
Book Value 234
Dividend Yield0.86 %
ROCE11.5 %
ROE19.4 %
Face Value 2.00
PEG Ratio0.39

Competitors of IIFL Finance Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Steel City Securities Ltd 153 Cr. 101110/60.612.9 78.42.97 %13.7 %10.3 % 10.0
Charms Industries Ltd 2.78 Cr. 6.777.35/2.55 0.410.00 %24.5 %56.5 % 10.0
Blue Chip India Ltd 19.0 Cr. 3.443.75/0.45 0.870.00 %2.51 %2.51 % 2.00
Daulat Securities Ltd 20.8 Cr. 41.566.0/18.65.93 41.90.00 %25.2 %18.8 % 10.0
Pilani Investment & Industries Corporation Ltd 4,169 Cr. 3,7654,081/1,82125.0 13,1930.40 %2.01 %1.29 % 10.0
Industry Average872.92 Cr783.548.772,662.920.67%13.58%17.88%8.40

IIFL Finance Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue1,4661,4891,5981,5141,6681,7981,8731,9312,0262,1212,1812,3002,476
Interest641611681701744773773776776809861888932
Expenses569545619452568646707731709740779822875
Financing Profit256332299361356379393424541571541590669
Financing Margin %17%22%19%24%21%21%21%22%27%27%25%26%27%
Other Income50425017464560442524957158
Depreciation27262928303033343739424243
Profit before tax279348321350372394420434529555594618684
Tax %24%23%23%24%22%21%24%24%25%24%23%24%23%
Net Profit213268248266292310321330397423458473526
EPS in Rs5.627.096.547.017.698.168.458.689.999.9610.8511.1812.44
Gross NPA %2.80%2.14%2.20%2.30%2.79%3.15%2.60%2.42%2.08%1.84%1.84%1.84%
Net NPA %1.30%0.97%1.00%1.10%1.47%1.83%1.15%1.22%1.06%1.08%1.06%1.02%

IIFL Finance Ltd Quarterly Chart

Profit & Loss - Annual Report

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue1,8792,6582,8223,5513,9523,1636,4054,9784,8475,9686,9918,4129,604
Interest5151,0001,1691,4451,6901,7862,7302,5932,4132,6383,0113,2453,669
Expenses1,0911,1811,1781,3191,3626892,2211,4351,6822,2392,3552,9363,421
Financing Profit2734774757879006891,4549507521,0901,6252,2312,514
Financing Margin %14%18%17%22%23%22%23%19%16%18%23%27%26%
Other Income7713-483756121279203234271
Depreciation8084685966166732106106122153172
Profit before tax2004004207248431,0481,4481,1307251,0051,5362,1132,612
Tax %32%30%31%34%34%22%30%30%31%24%23%24%
Net Profit1362792914765558221,0217965037611,1881,6082,001
EPS in Rs4.719.229.3914.4216.1521.5824.9124.8913.2620.0631.2939.4447.33
Dividend Payout %32%33%32%21%26%21%20%20%17%15%11%10%

IIFL Finance Ltd Profit & Loss Yearly Chart

IIFL Finance Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:6%
3 Years:20%
TTM:21%
Compounded Profit Growth
10 Years:19%
5 Years:14%
3 Years:44%
TTM:28%
Stock Price CAGR
10 Years:22%
5 Years:17%
3 Years:16%
1 Year:-7%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:18%
Last Year:19%

Last Updated: May 31, 2024, 6:27 am

IIFL Finance Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital58595962636464647676767676
Reserves1,6961,9002,0932,4963,2894,3184,6794,2904,6845,3126,3888,9169,835
Borrowings5,9829,57510,51614,63915,94824,33034,32626,51727,99632,58336,08640,01740,768
Other Liabilities1,7631,5701,8462,2213,5665,0495,4262,3681,6172,6963,3603,9914,668
Total Liabilities9,49913,10414,51419,41822,86633,76144,49533,23934,37340,66745,91053,00155,346
Fixed Assets512465472500533656871369607675775862831
CWIP1114241067111072762735
Investments6851,1291,0121,2831,8674,1532,150212770321,1923,5113,086
Other Assets8,29111,49613,00617,62420,46128,88141,36532,65132,99439,95443,93748,60051,395
Total Assets9,49913,10414,51419,41822,86633,76144,49533,23934,37340,66745,91053,00155,346

IIFL Finance Ltd Reserves and Borrowings Chart

IIFL Finance Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1,853-1,905-63-2,126-54-4,329-10,4834221,101-3,5871,784-4,941
Cash from Investing Activity -620-33360-361-671-2,602-374562-919236-996-2,730
Cash from Financing Activity 2,5032,776172,9045259,0948,468201094,4282,7815,090
Net Cash Flow3053814417-2002,162-2,3891,0042901,0773,569-2,581

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %8%15%14%19%17%18%17%16%11%15%20%19%

IIFL Finance Ltd Financial Efficiency Indicators Chart

IIFL Finance Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters24.96%24.95%24.93%24.93%24.91%24.90%24.89%24.88%24.85%24.84%24.81%24.80%
FIIs21.50%21.86%24.72%21.12%20.66%23.05%25.57%27.79%28.09%28.63%28.31%31.27%
DIIs0.19%0.18%0.73%0.79%1.04%2.71%3.41%3.90%4.04%5.54%7.30%8.27%
Public53.35%53.01%49.62%53.16%53.39%49.34%46.12%43.43%43.01%40.98%39.59%35.67%
No. of Shareholders37,39439,98246,69559,66163,44977,38673,44667,86867,46865,44067,66083,676

IIFL Finance Ltd Shareholding Pattern Chart

No. of IIFL Finance Ltd Shareholders

IIFL Finance Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mirae Asset Banking and Financial Services Fund564,2972.4234.9772,4812024-06-11678.54%
L&T Flexicap Fund - Regular Plan825,0001.234.6472,4812024-06-111038.23%
Nippon India Nifty Smallcap 250 Index Fund118,6180.877.2272,4812024-06-1163.65%
Navi Large & Midcap Fund - Regular Plan83,0001.885.0572,4812024-06-1114.51%
Motilal Oswal Nifty Smallcap 250 Index Fund72,4810.864.4172,4812024-06-110%
Navi Flexi Cap Fund72,0001.844.3872,4812024-06-11-0.66%
SBI Nifty Smallcap 250 Index Fund56,6280.863.4572,4812024-06-11-21.87%
Motilal Oswal Nifty 500 Index Fund7,9090.080.4872,4812024-06-11-89.09%
Edelweiss Nifty Smallcap 250 Index Fund2,9730.860.1872,4812024-06-11-95.9%
Groww Nifty Total Market Index Fund5270.080.0372,4812024-06-11-99.27%

IIFL Finance Ltd ROCE Trend

IIFL Finance Ltd EPS Trend

IIFL Finance Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)39.4931.3320.0913.2721.04
Diluted EPS (Rs.)39.1831.1420.0413.2420.89
Cash EPS (Rs.)46.2634.5122.8616.1025.93
Book Value[Excl.RevalReserv]/Share (Rs.)268.16170.44142.37125.96136.18
Book Value[Incl.RevalReserv]/Share (Rs.)268.16170.44142.37125.96136.18
Revenue From Operations / Share (Rs.)217.08180.09154.15125.26155.94
PBDIT / Share (Rs.)144.22122.4698.6285.31114.10
PBIT / Share (Rs.)140.21119.2695.8382.52113.10
PBT / Share (Rs.)55.5340.4626.5219.1735.40
Net Profit / Share (Rs.)42.2531.3020.0813.3124.93
NP After MI And SOA / Share (Rs.)39.4331.2920.0613.2624.89
PBDIT Margin (%)66.4367.9963.9768.1073.16
PBIT Margin (%)64.5866.2162.1765.8772.52
PBT Margin (%)25.5722.4617.2015.3022.69
Net Profit Margin (%)19.4617.3813.0210.6215.98
NP After MI And SOA Margin (%)18.1617.3713.0110.5815.96
Return on Networth / Equity (%)16.6818.3714.1010.5418.29
Return on Capital Employeed (%)24.4226.4822.1820.5821.59
Return On Assets (%)2.832.581.861.462.39
Long Term Debt / Equity (X)1.241.611.972.152.79
Total Debt / Equity (X)4.405.535.995.676.11
Asset Turnover Ratio (%)0.110.120.120.090.09
Current Ratio (X)1.651.541.611.731.96
Quick Ratio (X)1.651.541.611.731.96
Dividend Payout Ratio (NP) (%)11.5711.1814.9316.2821.71
Dividend Payout Ratio (CP) (%)10.5010.1413.1113.4520.88
Earning Retention Ratio (%)88.4388.8285.0783.7278.29
Cash Earning Retention Ratio (%)89.5089.8686.8986.5579.12
Interest Coverage Ratio (X)1.701.551.421.351.41
Interest Coverage Ratio (Post Tax) (X)1.501.401.291.211.27
Enterprise Value (Cr.)53544.8038394.6238123.8926587.7137800.65
EV / Net Operating Revenue (X)6.485.626.535.617.59
EV / EBITDA (X)9.768.2610.208.2410.38
MarketCap / Net Operating Revenue (X)2.251.581.820.592.77
Retention Ratios (%)88.4288.8185.0683.7178.28
Price / BV (X)2.071.671.980.593.18
Price / Net Operating Revenue (X)2.251.581.820.592.77
EarningsYield0.080.100.070.170.05

IIFL Finance Ltd Profitability Ratios (%)

IIFL Finance Ltd Liquidity Ratios

IIFL Finance Ltd Liquidity Ratios (%)

IIFL Finance Ltd Interest Coverage Ratios (%)

IIFL Finance Ltd Valuation Ratios

Fair Value

Fair Value: 512.81

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.

Undervalued: 8.19% compared to the current price 474

Intrinsic Value: 661.41

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 39.54% compared to the current price ₹474

Last 5 Year EPS CAGR: 28.98%

*Investments are subject to market risks

Strength and Weakness of IIFL Finance Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of IIFL Finance Ltd?

The latest fair value of IIFL Finance Ltd is ₹512.81.

What is the Market Cap of IIFL Finance Ltd?

The Market Cap of IIFL Finance Ltd is 20,091 Cr..

What is the current Stock Price of IIFL Finance Ltd as on 13 June 2024?

The current stock price of IIFL Finance Ltd as on 13 June 2024 is ₹474.

What is the High / Low of IIFL Finance Ltd stocks in FY 2024?

In FY 2024, the High / Low of IIFL Finance Ltd stocks is 684/304.

What is the Stock P/E of IIFL Finance Ltd?

The Stock P/E of IIFL Finance Ltd is 11.2.

What is the Book Value of IIFL Finance Ltd?

The Book Value of IIFL Finance Ltd is 234.

What is the Dividend Yield of IIFL Finance Ltd?

The Dividend Yield of IIFL Finance Ltd is 0.86 %.

What is the ROCE of IIFL Finance Ltd?

The ROCE of IIFL Finance Ltd is 11.5 %.

What is the ROE of IIFL Finance Ltd?

The ROE of IIFL Finance Ltd is 19.4 %.

What is the Face Value of IIFL Finance Ltd?

The Face Value of IIFL Finance Ltd is 2.00.

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 IIFL Finance 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