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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of IIFL Securities Ltd

About the Company - IIFL Securities Ltd

IIFL Securities Ltd. is a Public Limited Listed company incorporated on 21/03/1996 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1996PLC132983 and registration number is 132983. Currently Company is involved in the business activities of Activities auxiliary to financial service activities. Company’s Total Operating Revenue is Rs. 1060.48 Cr. and Equity Capital is Rs. 60.79 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsIIFL House, Sun Infotech Park, Thane Maharashtra 400604secretarial@iifl.com
http://www.iiflsecurities.com
Management
NamePosition Held
Mr. R VenkataramanChairman & Managing Director
Mr. Narendra Deshmal JainWhole Time Director
Mr. Anand Shailesh BathiyaIndependent Director
Mr. Viswanathan KrishnanIndependent Director
Ms. Rekha WarriarIndependent Director
Mr. Shamik Das SharmaIndependent Director

Basic Stock Data of IIFL Securities Ltd

Last Updated: June 17, 2024, 8:30 pm

Market Cap 6,811 Cr.
Current Price 221
High / Low229/57.5
Stock P/E13.3
Book Value 58.0
Dividend Yield1.36 %
ROCE34.8 %
ROE32.7 %
Face Value 2.00
PEG Ratio1.60

IIFL Securities Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales201238251299336347292317342402409507559
Expenses125140153176199221198212226250271348318
Operating Profit76989812313712593104116152138159240
OPM %38%41%39%41%41%36%32%33%34%38%34%31%43%
Other Income141817193215375322723
Interest10141330391819191819213043
Depreciation11111515161716171717161618
Profit before tax68928797113105617585119102140203
Tax %26%16%21%25%24%25%29%26%24%27%27%23%26%
Net Profit5177697286794355658675108151
EPS in Rs1.582.552.272.382.842.601.431.832.122.832.453.524.88

Last Updated: June 7, 2024, 8:53 am

IIFL Securities Ltd Quarterly Chart

IIFL Securities Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9338707588411,2951,3611,660
Expenses4914614324877498861,095
Operating Profit441409326354546475564
OPM %47%47%43%42%42%35%34%
Other Income14613427221037
Interest145115103501027789
Depreciation37425546636766
Profit before tax274258301285402341446
Tax %34%34%22%23%24%27%
Net Profit181171234220306250333
EPS in Rs96.4791.587.327.2710.078.1910.92
Dividend Payout %-0%-0%27%14%30%37%

IIFL Securities Ltd Profit & Loss Yearly Chart

IIFL Securities Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:22%
TTM:45%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:19%
TTM:73%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:41%
1 Year:150%
Return on Equity
10 Years:%
5 Years:23%
3 Years:23%
Last Year:20%

Last Updated: April 25, 2024, 5:06 pm

IIFL Securities Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital-0-06461616161
Reserves5606678169071,1211,2891,474
Borrowings1,097759459292607486901
Other Liabilities1,2051,6241,0952,2854,2523,4014,565
Total Liabilities2,8623,0502,4343,5446,0415,2377,001
Fixed Assets512393402488482440414
CWIP848613047319
Investments1591402317422890102
Other Assets2,1072,4311,6712,9365,3294,7076,477
Total Assets2,8623,0502,4343,5446,0415,2377,001

IIFL Securities Ltd Reserves and Borrowings Chart

IIFL Securities Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -110587352152795-793
Cash from Investing Activity -118021148-86163
Cash from Financing Activity 462-494-514-361108-296
Net Cash Flow23493-141-62817-925

IIFL Securities Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1010161586
Inventory Days
Days Payable
Cash Conversion Cycle1010161586
Working Capital Days-12-282-239-498-891-551
ROCE %24%22%25%32%23%

IIFL Securities Ltd Financial Efficiency Indicators Chart

IIFL Securities Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters31.41%31.38%31.34%31.30%31.29%31.28%31.21%31.14%31.13%31.11%30.97%30.91%
FIIs16.08%16.30%16.48%16.57%16.65%16.57%16.53%16.48%16.33%13.59%15.54%15.18%
DIIs4.26%3.50%3.12%3.16%3.20%3.19%3.17%3.20%3.24%3.31%3.29%3.37%
Public48.25%48.82%49.06%48.97%48.85%48.94%49.07%49.16%49.29%51.99%50.20%50.55%
No. of Shareholders42,69053,40557,43058,62961,62561,61362,17062,75164,42462,40764,30770,003

IIFL Securities Ltd Shareholding Pattern Chart

No. of IIFL Securities Ltd Shareholders

This stock is not held by any mutual fund

IIFL Securities Ltd ROCE Trend

IIFL Securities Ltd EPS Trend

IIFL Securities Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)8.2210.096.977.335.37
Diluted EPS (Rs.)8.169.946.917.315.37
Cash EPS (Rs.)10.3612.158.789.056.79
Book Value[Excl.RevalReserv]/Share (Rs.)44.1838.8831.9427.5222.90
Book Value[Incl.RevalReserv]/Share (Rs.)44.1838.8831.9427.5222.90
Revenue From Operations / Share (Rs.)44.2540.5526.1122.6526.16
PBDIT / Share (Rs.)15.8218.6512.5511.1813.10
PBIT / Share (Rs.)13.6316.5711.039.4511.78
PBT / Share (Rs.)11.1613.239.399.438.20
Net Profit / Share (Rs.)8.1810.067.277.325.48
NP After MI And SOA / Share (Rs.)8.1910.077.277.325.37
PBDIT Margin (%)35.7446.0048.0549.3450.05
PBIT Margin (%)30.7940.8542.2541.7045.03
PBT Margin (%)25.2132.6135.9841.6431.32
Net Profit Margin (%)18.4724.8027.8332.3120.95
NP After MI And SOA Margin (%)18.5024.8327.8632.3220.52
Return on Networth / Equity (%)18.5225.8922.7626.5923.45
Return on Capital Employeed (%)29.3040.5033.5231.0935.32
Return On Assets (%)4.775.066.219.615.62
Long Term Debt / Equity (X)0.000.000.000.060.13
Total Debt / Equity (X)0.350.510.300.521.04
Asset Turnover Ratio (%)0.220.230.240.240.28
Current Ratio (X)1.231.141.141.221.22
Quick Ratio (X)1.231.141.141.211.22
Dividend Payout Ratio (NP) (%)36.5529.7813.7427.2820.02
Dividend Payout Ratio (CP) (%)28.8524.6611.3722.0716.09
Earning Retention Ratio (%)63.4570.2286.2672.7279.98
Cash Earning Retention Ratio (%)71.1575.3488.6377.9383.91
Interest Coverage Ratio (X)6.405.587.663.503.65
Interest Coverage Ratio (Post Tax) (X)4.314.015.442.292.53
Enterprise Value (Cr.)-823.88-438.9131.62423.870.00
EV / Net Operating Revenue (X)-0.60-0.350.030.580.00
EV / EBITDA (X)-1.70-0.770.081.190.00
MarketCap / Net Operating Revenue (X)1.132.191.791.370.00
Retention Ratios (%)63.4470.2186.2572.7179.97
Price / BV (X)1.132.281.461.130.00
Price / Net Operating Revenue (X)1.132.191.791.370.00
EarningsYield0.160.110.150.230.00

IIFL Securities Ltd Profitability Ratios (%)

IIFL Securities Ltd Liquidity Ratios

IIFL Securities Ltd Liquidity Ratios (%)

IIFL Securities Ltd Interest Coverage Ratios (%)

IIFL Securities Ltd Valuation Ratios

Fair Value

Fair Value: 255.68

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: 15.69% compared to the current price 221

Intrinsic Value: 276.97

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: 25.33% compared to the current price ₹221

Last 5 Year EPS CAGR: 8.33%

*Investments are subject to market risks

Strength and Weakness of IIFL Securities Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 21.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -412.17, which is a positive sign.
  3. The company has higher reserves (976.29 cr) compared to borrowings (657.29 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (486.43 cr) and profit (329.57 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 10.83, which may not be favorable.

FAQ

What is the latest fair value of IIFL Securities Ltd?

The latest fair value of IIFL Securities Ltd is ₹255.68.

What is the Market Cap of IIFL Securities Ltd?

The Market Cap of IIFL Securities Ltd is 6,811 Cr..

What is the current Stock Price of IIFL Securities Ltd as on 18 June 2024?

The current stock price of IIFL Securities Ltd as on 18 June 2024 is ₹221.

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

In FY 2024, the High / Low of IIFL Securities Ltd stocks is 229/57.5.

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

The Stock P/E of IIFL Securities Ltd is 13.3.

What is the Book Value of IIFL Securities Ltd?

The Book Value of IIFL Securities Ltd is 58.0.

What is the Dividend Yield of IIFL Securities Ltd?

The Dividend Yield of IIFL Securities Ltd is 1.36 %.

What is the ROCE of IIFL Securities Ltd?

The ROCE of IIFL Securities Ltd is 34.8 %.

What is the ROE of IIFL Securities Ltd?

The ROE of IIFL Securities Ltd is 32.7 %.

What is the Face Value of IIFL Securities Ltd?

The Face Value of IIFL Securities 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 Securities 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