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Last Updated: April 2, 2026, 3:05 am
Author: Getaka|Social: XLinkedIn

IL&FS Investment Managers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹9.51Undervalued by 42.58%vs CMP ₹6.67

P/E (26.3) × ROE (6.4%) × BV (₹6.53) × DY (7.50%)

₹6.47Fairly Valued by 3.00%vs CMP ₹6.67
MoS: -3.1% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.5522%Under (+58.2%)
Graham NumberEarnings₹7.8616%Under (+17.8%)
Earnings PowerEarnings₹3.7713%Over (-43.5%)
DCFCash Flow₹7.7113%Under (+15.6%)
Net Asset ValueAssets₹6.547%Fair (-1.9%)
EV/EBITDAEnterprise₹4.159%Over (-37.8%)
Earnings YieldEarnings₹4.207%Over (-37%)
ROCE CapitalReturns₹2.227%Over (-66.7%)
Revenue MultipleRevenue₹1.445%Over (-78.4%)
Consensus (9 models)₹6.47100%Fairly Valued
Key Drivers: Wide model spread (₹1–₹11) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.9%

*Investments are subject to market risks

Investment Snapshot

49
IL&FS Investment Managers Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 6.5% WeakROE 6.4% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.04% (6mo) Slight increasePromoter holding at 50.4% Stable
Earnings Quality40/100 · Moderate
OPM stable around 26% SteadyWorking capital: 276 days Capital intensive
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -25% YoY DecliningProfit (4Q): +234% YoY StrongOPM: -68.8% (down 66.3% YoY) Margin pressure
Industry Rank35/100 · Weak
P/E 26.3 vs industry 98.5 Cheaper than peersROCE 6.5% vs industry 21.7% Below peersROE 6.4% vs industry 14.2% Below peers3Y sales CAGR: -7% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:05 am

Market Cap 209 Cr.
Current Price 6.67
Intrinsic Value₹6.47
High / Low 10.6/6.00
Stock P/E26.3
Book Value 6.53
Dividend Yield7.50 %
ROCE6.51 %
ROE6.44 %
Face Value 2.00
PEG Ratio2.41

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

View Share Price Target for IL&FS Investment Managers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IL&FS Investment Managers Ltd 209 Cr. 6.67 10.6/6.0026.3 6.537.50 %6.51 %6.44 % 2.00
Almondz Global Securities Ltd 208 Cr. 12.0 27.9/10.77.15 14.80.00 %8.77 %7.51 % 1.00
Comfort Intech Ltd 215 Cr. 6.73 10.6/5.66 6.011.04 %6.01 %6.56 % 1.00
Delphi World Money Ltd 220 Cr. 8.98 18.4/6.9621.3 9.400.00 %7.24 %4.02 % 2.00
Alankit Ltd 195 Cr. 7.19 18.1/6.418.34 11.30.00 %11.3 %7.56 % 1.00
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of IL&FS Investment Managers Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Sep 2025Dec 2025
Sales 15.8014.1117.5113.3011.6313.8113.187.775.208.527.587.176.73
Expenses 13.8312.4816.9312.7913.0214.3810.3611.865.339.096.336.0811.36
Operating Profit 1.971.630.580.51-1.39-0.572.82-4.09-0.13-0.571.251.09-4.63
OPM % 12.47%11.55%3.31%3.83%-11.95%-4.13%21.40%-52.64%-2.50%-6.69%16.49%15.20%-68.80%
Other Income 3.992.183.394.913.212.953.422.193.455.227.453.871.84
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.050.040.050.040.050.080.080.070.060.060.050.040.04
Profit before tax 5.913.773.925.381.772.306.16-1.973.264.598.654.92-2.83
Tax % 16.58%39.52%7.14%42.38%1.13%3.04%19.48%88.83%54.60%19.17%-46.47%29.88%3.18%
Net Profit 4.915.533.633.081.752.284.94-3.721.593.7012.683.53-2.93
EPS in Rs 0.140.140.080.050.070.040.15-0.110.030.100.390.09-0.06

Last Updated: March 4, 2026, 9:09 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 215198189111116101455756756545
Expenses 1029396858374684842575132
Operating Profit 11210593263227-23814181413
OPM % 52%53%49%24%28%27%-51%15%26%24%22%29%
Other Income 811246-26421412
Interest 1-0-0-0-0-0-0-0-0-0-0-0
Depreciation 19192017129100000
Profit before tax 10197751427-8-201015221615
Tax % 28%24%25%51%34%74%-1%3%14%21%23%3%
Net Profit 737356718-14-201013171214
EPS in Rs 2.312.331.790.200.49-0.48-0.440.250.250.380.320.42
Dividend Payout % 56%56%67%307%124%-63%-136%120%161%210%217%67%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%-23.29%-87.50%157.14%-177.78%-42.86%150.00%30.00%30.77%-29.41%16.67%
Change in YoY Net Profit Growth (%)0.00%-23.29%-64.21%244.64%-334.92%134.92%192.86%-120.00%0.77%-60.18%46.08%

IL&FS Investment Managers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-17%
5 Years:-8%
3 Years:-20%
TTM:-55%
Compounded Profit Growth
10 Years:-16%
5 Years:24%
3 Years:19%
TTM:30%
Stock Price CAGR
10 Years:-6%
5 Years:19%
3 Years:8%
1 Year:-29%
Return on Equity
10 Years:4%
5 Years:5%
3 Years:6%
Last Year:6%

Last Updated: September 5, 2025, 6:55 am

Balance Sheet

Last Updated: July 25, 2025, 3:03 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 636363636363636363636363
Reserves 264302334246205177160147148154140142
Borrowings 000000000000
Other Liabilities 1019282515558404044514734
Total Liabilities 427457479360323297263250255267249239
Fixed Assets 15214213420101100000
CWIP 000000000000
Investments 79144131977685624132716250
Other Assets 196171214243237212200208223195187189
Total Assets 427457479360323297263250255267249239

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 40999228-475-23116-0-6-9
Cash from Investing Activity + 13-382338-13-4542-8-12-293021
Cash from Financing Activity + -67-46-47-41-20-20-10-19-9-16-28-22
Net Cash Flow -15156825-361110-16-15-46-4-10
Free Cash Flow 39989130-575-23116-1-6-9
CFO/OP 60%120%121%150%28%313%93%128%61%58%-27%-36%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow112.00105.0093.0026.0032.0027.00-23.008.0014.0018.0014.0013.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 2001881582622799981765883113110
Inventory Days
Days Payable
Cash Conversion Cycle 2001881582622799981765883113110
Working Capital Days 10965382103811101678391103154276
ROCE %32%28%19%3%9%8%-8%4%7%9%7%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%
FIIs 0.00%0.00%0.00%0.00%0.00%0.38%0.00%0.02%0.00%0.06%0.00%0.04%
Public 49.58%49.57%49.57%49.59%49.59%49.20%49.58%49.56%49.58%49.52%49.58%49.53%
No. of Shareholders 60,12261,10663,98772,90678,24981,25788,92998,6721,02,2161,03,3281,03,6501,04,087

Shareholding Pattern Chart

No. of Shareholders

IL&FS Investment Managers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 0.420.320.380.250.25
Diluted EPS (Rs.) 0.420.320.380.250.25
Cash EPS (Rs.) 0.450.390.440.420.31
Book Value[Excl.RevalReserv]/Share (Rs.) 6.537.077.547.317.11
Book Value[Incl.RevalReserv]/Share (Rs.) 6.537.077.547.317.11
Revenue From Operations / Share (Rs.) 0.921.652.051.331.47
PBDIT / Share (Rs.) 0.470.500.590.490.32
PBIT / Share (Rs.) 0.460.490.580.480.31
PBT / Share (Rs.) 0.460.490.580.480.31
Net Profit / Share (Rs.) 0.440.380.430.410.30
NP After MI And SOA / Share (Rs.) 0.410.320.380.240.25
PBDIT Margin (%) 50.7930.5228.8837.2622.11
PBIT Margin (%) 49.9430.0428.5836.7521.44
PBT Margin (%) 49.9430.0428.5836.7521.44
Net Profit Margin (%) 48.6023.1921.4231.6020.83
NP After MI And SOA Margin (%) 45.2119.4618.5818.7017.04
Return on Networth / Equity (%) 6.404.995.533.693.75
Return on Capital Employeed (%) 6.236.477.156.184.08
Return On Assets (%) 5.494.054.483.053.14
Asset Turnover Ratio (%) 0.110.200.240.160.18
Current Ratio (X) 34.2328.1126.1733.9631.66
Quick Ratio (X) 34.2328.1126.1733.9631.66
Dividend Payout Ratio (NP) (%) 167.21274.20134.360.00239.59
Dividend Payout Ratio (CP) (%) 164.12267.64132.250.00230.52
Earning Retention Ratio (%) -67.21-174.20-34.360.00-139.59
Cash Earning Retention Ratio (%) -64.12-167.64-32.250.00-130.52
Enterprise Value (Cr.) 164.68173.3352.1436.69-43.32
EV / Net Operating Revenue (X) 5.663.340.800.88-0.93
EV / EBITDA (X) 11.1510.942.802.36-4.25
MarketCap / Net Operating Revenue (X) 9.625.662.885.052.63
Retention Ratios (%) -67.21-174.20-34.360.00-139.59
Price / BV (X) 1.361.450.850.990.57
Price / Net Operating Revenue (X) 9.625.662.885.052.63
EarningsYield 0.040.030.060.030.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

IL&FS Investment Managers Ltd. is a Public Limited Listed company incorporated on 10/02/1986 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65999MH1986PLC147981 and registration number is 147981. Currently Company is involved in the business activities of Management of other investment funds. Company's Total Operating Revenue is Rs. 0.75 Cr. and Equity Capital is Rs. 62.81 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsThe IL&FS Financial Centre, Plot No. C-22, G Block, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. Chitranjan Singh KahlonChairman
Mr. Kaushik ModakDirector
Ms. Priya Prempal ShettyDirector
Ms. Lubna UsmanExecutive Director
Mr. Munish Kumar SaraogiDirector
Mr. Gaurav KhungarDirector

FAQ

What is the intrinsic value of IL&FS Investment Managers Ltd and is it undervalued?

As of 14 April 2026, IL&FS Investment Managers Ltd's intrinsic value is ₹6.47, which is 3.00% lower than the current market price of ₹6.67, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.44 %), book value (₹6.53), dividend yield (7.50 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of IL&FS Investment Managers Ltd?

IL&FS Investment Managers Ltd is trading at ₹6.67 as of 14 April 2026, with a FY2026-2027 high of ₹10.6 and low of ₹6.00. The stock is currently near its 52-week low. Market cap stands at ₹209 Cr..

How does IL&FS Investment Managers Ltd's P/E ratio compare to its industry?

IL&FS Investment Managers Ltd has a P/E ratio of 26.3, which is below the industry average of 98.51. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is IL&FS Investment Managers Ltd financially healthy?

Key indicators for IL&FS Investment Managers Ltd: ROCE of 6.51 % is on the lower side compared to the industry average of 21.71%; ROE of 6.44 % is below ideal levels (industry average: 14.20%). Dividend yield is 7.50 %.

Is IL&FS Investment Managers Ltd profitable and how is the profit trend?

IL&FS Investment Managers Ltd reported a net profit of ₹14 Cr in Mar 2025 on revenue of ₹45 Cr. Compared to ₹13 Cr in Mar 2022, the net profit shows an improving trend.

Does IL&FS Investment Managers Ltd pay dividends?

IL&FS Investment Managers Ltd has a dividend yield of 7.50 % at the current price of ₹6.67. This is a relatively attractive yield for income-seeking investors.

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 IL&FS Investment 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
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