IIFL Securities Ltd

IIFL Securities Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IIFL Securities Ltd

₹ 312 -2.03%
22 Nov - close price
indiainfoline.com BSE: 542773 NSE: IIFLSEC
About

Incorporated in 1996 as a broking arm of the IIFL Group, IIFL Securities Limited provides retail and institutional equities, financial products distribution, commodity broking, currency broking, investment banking, financial planning and wealth management services to retail and institutional customers across India. [1]

Key Points

[1]Products and Service[1]
Retail broking - Equities, Commodities and Currency Broking, Financial Planning, Depository Participant Services, Distribution of Mutual Funds and Bonds, PMS, AIF, Retirement Planning and Estate Planning. [2]
Institutional broking - Broking services, Corporate access & Research support [3]
Investment banking - IPO, Qualified Institutional Placement, Rights Issues, Preferential Placement, Follow-on Public Offer, Mergers & Acquisitions, Share Buybacks, Tender Offers and Delisting, Advisory services [4]

Website BSE NSE
  • Market Cap ₹ 9,646 Cr.
  • Current Price ₹ 312
  • High / Low ₹ 449 / 108
  • Stock P/E 14.0
  • Book Value ₹ 65.4
  • Dividend Yield 0.96 %
  • ROCE 40.8 %
  • ROE 38.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 29.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33.5%
  • Company has been maintaining a healthy dividend payout of 27.2%

Cons

  • Promoter holding is low: 30.8%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Stock/ Commodity Brokers Industry: Finance & Investments

Part of Nifty Microcap 250 BSE Allcap BSE Financial Services Nifty Total Market BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
249 266 317 271 293 315 343 361 444 481 593 571 574
165 182 203 182 193 201 207 234 273 255 271 278 311
Operating Profit 85 85 114 89 100 114 136 127 171 226 323 293 263
OPM % 34% 32% 36% 33% 34% 36% 40% 35% 39% 47% 54% 51% 46%
8 20 56 -2 5 2 42 1 46 23 17 6 33
Interest 7 8 12 15 16 14 15 17 27 39 51 41 45
Depreciation 15 16 17 16 15 15 14 15 15 16 61 9 12
Profit before tax 71 80 141 56 75 86 149 95 175 194 228 249 239
Tax % 26% 22% 17% 29% 25% 24% 18% 27% 19% 24% 23% 25% 24%
53 62 116 40 56 66 121 69 141 148 176 186 181
EPS in Rs 1.74 2.05 3.83 1.31 1.85 2.16 3.97 2.26 4.62 4.81 5.73 6.03 5.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2004 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4 8 735 704 625 748 1,139 1,261 1,958 2,219
5 7 453 427 365 474 692 781 1,030 1,114
Operating Profit -1 1 282 277 260 275 447 480 928 1,105
OPM % -30% 15% 38% 39% 42% 37% 39% 38% 47% 50%
0 0 7 2 18 12 11 8 8 79
Interest 0 0 37 51 32 20 35 61 137 176
Depreciation 0 0 11 12 48 44 64 60 107 98
Profit before tax -1 1 241 216 199 222 359 367 692 910
Tax % 0% 2% 35% 33% 28% 22% 21% 23% 23%
-1 1 158 145 143 173 284 283 535 692
EPS in Rs -8.14 6.79 84.15 77.43 4.46 5.71 9.35 9.28 17.36 22.44
Dividend Payout % 0% 0% 27% 0% 45% 18% 32% 32% 17%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 38%
TTM: 52%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 46%
TTM: 74%
Stock Price CAGR
10 Years: %
5 Years: 69%
3 Years: 50%
1 Year: 169%
Return on Equity
10 Years: %
5 Years: 30%
3 Years: 34%
Last Year: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2004 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1 1 19 0.00 64 61 61 61 62 62
Reserves -2 -1 501 581 653 697 888 1,089 1,547 1,959
0 0 538 101 76 89 336 308 984 936
3 3 1,085 1,280 1,093 2,272 4,254 3,347 4,859 6,299
Total Liabilities 2 3 2,143 1,961 1,885 3,119 5,539 4,805 7,452 9,256
0 0 19 23 85 168 161 110 90 128
CWIP 0 0 0 1 3 2 1 1 1 2
Investments 0 0 187 189 247 95 157 109 188 364
2 3 1,936 1,749 1,550 2,854 5,220 4,585 7,173 8,762
Total Assets 2 3 2,143 1,961 1,885 3,119 5,539 4,805 7,452 9,256

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2004 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-266 651 69 38 725 -810 -186
-83 -14 -47 78 5 79 -25
536 -522 -119 -172 87 -204 439
Net Cash Flow 187 115 -97 -57 817 -935 228

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2003 Mar 2004 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 84 74 7 4 11 14 7 5 7
Inventory Days
Days Payable
Cash Conversion Cycle 84 74 7 4 11 14 7 5 7
Working Capital Days -121 -17 49 -300 -334 -603 -1,035 -601 -568
ROCE % 31% 31% 30% 37% 31% 41%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
31.34% 31.30% 31.29% 31.28% 31.21% 31.14% 31.13% 31.11% 30.97% 30.91% 30.88% 30.79%
16.48% 16.57% 16.65% 16.57% 16.53% 16.48% 16.33% 13.59% 15.54% 15.18% 17.51% 19.00%
3.12% 3.16% 3.20% 3.19% 3.17% 3.20% 3.24% 3.31% 3.29% 3.37% 3.18% 3.70%
49.06% 48.97% 48.85% 48.94% 49.07% 49.16% 49.29% 51.99% 50.20% 50.55% 48.43% 46.52%
No. of Shareholders 57,43058,62961,62561,61362,17062,75164,42462,40764,30770,00368,06168,268

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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