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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: | NSE:

Fundamental Analysis of Wealth First Portfolio Managers Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:33 am

Market Cap 799 Cr.
Current Price 750
High / Low780/262
Stock P/E26.8
Book Value 87.0
Dividend Yield0.40 %
ROCE25.5 %
ROE19.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Wealth First Portfolio Managers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
AK Capital Services Ltd 588 Cr. 8911,160/4106.81 1,3281.35 %8.77 %11.0 % 10.0
Satin Creditcare Network Ltd 2,765 Cr. 252284/1436.80 1720.00 %8.41 %0.30 % 10.0
Ceejay Finance Ltd 66.9 Cr. 194246/10910.1 1940.62 %14.1 %11.3 % 10.0
Arman Holdings Ltd 33.9 Cr. 65.0100/0.001,693 11.60.00 %0.48 %0.32 % 10.0
Vardhman Holdings Ltd 967 Cr. 3,0533,788/2,4254.83 10,0600.16 %7.66 %7.77 % 10.0
Industry Average884.16 Cr891.00344.312,353.120.43%7.88%6.14%10.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales751186841285111415
Expenses2212232332333
Operating Profit5310545286291012
OPM %75%59%87%72%66%68%58%73%65%50%77%76%81%
Other Income-0-0-0-0-01-010-1331
Interest-0-0-00-00-0-0-00-0-0-0
Depreciation0000000000000
Profit before tax53105462952111313
Tax %-0%193%25%25%25%19%25%25%25%34%25%20%25%
Net Profit5-37435274181010
EPS in Rs4.63-2.396.763.802.674.381.596.273.821.007.929.609.49

Last Updated: April 10, 2024, 5:21 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:31 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2111991431691501992243311025332945
Expenses2111981411641461912123217681011
Operating Profit0124481210218251933
OPM %0%1%1%3%3%4%5%3%25%74%75%65%75%
Other Income0001000000006
Interest0123121000000
Depreciation0000000000000
Profit before tax000236119218251839
Tax %32%30%16%20%20%18%23%28%29%24%26%
Net Profit-00023597113191430
EPS in Rs-0.200.950.7010.102.434.508.196.591.2112.0017.6212.6828.01
Dividend Payout %0%0%42%6%12%13%7%9%50%8%11%24%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)50.00%66.67%80.00%-22.22%-85.71%1200.00%46.15%-26.32%
Change in YoY Net Profit Growth (%)0.00%16.67%13.33%-102.22%-63.49%1285.71%-1153.85%-72.47%

Growth

Compounded Sales Growth
10 Years:-18%
5 Years:-34%
3 Years:43%
TTM:39%
Compounded Profit Growth
10 Years:57%
5 Years:9%
3 Years:119%
TTM:74%
Stock Price CAGR
10 Years:%
5 Years:55%
3 Years:76%
1 Year:155%
Return on Equity
10 Years:25%
5 Years:23%
3 Years:27%
Last Year:19%

Last Updated: April 16, 2024, 11:46 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11116666611111111
Reserves222491322282836556682
Borrowings2172051818613-020-0
Other Liabilities00111234433445
Total Liabilities5212411454138404050728097
Fixed Assets1110000110111
CWIP-0-0-0-0-0-0-0-0-0-0-0-0-0
Investments0010010003183938
Other Assets4192211454137383946524059
Total Assets5212411454138404050728097

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6-13-116-211168-872121
Cash from Investing Activity 0-0-02121-02-3-18-19
Cash from Financing Activity -6141-1719-2-14-60-41-4
Net Cash Flow01-12-1232-614-3

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-2.00-16.00-18.00-1.00-14.00-10.006.009.00-1.0018.0023.0019.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1100134345223638
Inventory Days432521693654428
Days Payable00000000
Cash Conversion Cycle53253169468473045223638
Working Capital Days5325316635839261,224485346310
ROCE %3%9%9%27%22%23%33%27%6%44%44%26%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.00%74.01%74.01%74.01%
Public26.01%26.00%25.99%26.00%26.00%26.00%26.00%25.99%26.00%25.98%25.99%25.99%
No. of Shareholders3744054694635035125406768268009781,178

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)12.9817.6915.102.0011.08
Diluted EPS (Rs.)12.9817.6915.102.0011.08
Cash EPS (Rs.)13.4318.0012.302.5211.55
Book Value[Excl.RevalReserv]/Share (Rs.)71.9461.5643.3953.9253.16
Book Value[Incl.RevalReserv]/Share (Rs.)71.9461.5643.3953.9253.16
Revenue From Operations / Share (Rs.)27.6829.2522.2715.12516.58
PBDIT / Share (Rs.)18.0523.5817.354.0515.36
PBIT / Share (Rs.)17.6023.2817.143.5314.88
PBT / Share (Rs.)17.5323.2217.082.7914.43
Net Profit / Share (Rs.)12.9817.6912.082.0011.07
NP After MI And SOA / Share (Rs.)12.9817.6912.082.0011.07
PBDIT Margin (%)65.2080.6277.9126.792.97
PBIT Margin (%)63.5779.5876.9623.352.88
PBT Margin (%)63.3279.3776.7018.432.79
Net Profit Margin (%)46.9060.4854.2613.242.14
NP After MI And SOA Margin (%)46.9060.4854.2613.242.14
Return on Networth / Equity (%)18.0428.7327.843.7120.83
Return on Capital Employeed (%)24.2437.4138.926.4227.47
Return On Assets (%)17.2226.2923.773.2017.85
Total Debt / Equity (X)0.000.020.000.070.04
Asset Turnover Ratio (%)0.380.490.500.248.51
Current Ratio (X)10.567.565.917.756.95
Quick Ratio (X)2.501.711.210.912.14
Dividend Payout Ratio (NP) (%)15.400.008.2749.939.02
Dividend Payout Ratio (CP) (%)14.880.008.1339.638.65
Earning Retention Ratio (%)84.600.0091.7350.0790.98
Cash Earning Retention Ratio (%)85.120.0091.8760.3791.35
Interest Coverage Ratio (X)258.54379.13309.975.4434.14
Interest Coverage Ratio (Post Tax) (X)186.95285.43216.863.6925.62
Enterprise Value (Cr.)300.81286.46132.0680.4680.85
EV / Net Operating Revenue (X)10.209.195.578.320.24
EV / EBITDA (X)15.6411.407.1431.058.24
MarketCap / Net Operating Revenue (X)10.299.315.678.200.26
Retention Ratios (%)84.590.0091.7250.0690.97
Price / BV (X)3.964.422.912.302.57
Price / Net Operating Revenue (X)10.299.315.678.200.26
EarningsYield0.040.060.090.010.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 447.12

The stock is overvalued by 40.38% compared to the current price ₹750

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 22.75%, which is a positive sign.
  2. The company has higher reserves (26.85 cr) compared to borrowings (7.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (136.00 cr) and profit (10.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 119.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 40.50, which may not be favorable.

Stock Analysis

  • Based on the analysis 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: 46.90% (Higher values are generally favorable)
      • 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: 24.24% (Industry Average ROCE: 7.88%)
      • 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%: 18.04% (Industry Average ROE: 6.14%)
      • 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): 186.95 (Higher values, preferably > 2, are recommended)
      • 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: 2.50 (Higher values, preferably > 1, are recommended)
      • 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: 26.8 (Industry average Stock P/E: 344.31)
      • 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: 0.00 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.
    Stock Rating: ★★★★★

About the Company

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

Wealth First Portfolio Managers Ltd. Share Price Update

Share PriceValue
Today₹749.75
Previous Day₹747.85

FAQ

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

The latest fair value of Wealth First Portfolio Managers Ltd is ₹447.12.

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

The Market Cap of Wealth First Portfolio Managers Ltd is 799 Cr..

What is the current Stock Price of Wealth First Portfolio Managers Ltd as on 23 April 2024?

The current stock price of Wealth First Portfolio Managers Ltd as on 23 April 2024 is 750.

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 ₹780/262.

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

The Stock P/E of Wealth First Portfolio Managers Ltd is 26.8.

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

The Book Value of Wealth First Portfolio Managers Ltd is 87.0.

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

The Dividend Yield of Wealth First Portfolio Managers Ltd is 0.40 %.

What is the ROCE of Wealth First Portfolio Managers Ltd?

The ROCE of Wealth First Portfolio Managers Ltd is 25.5 %.

What is the ROE of Wealth First Portfolio Managers Ltd?

The ROE of Wealth First Portfolio Managers Ltd is 19.1 %.

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