IL&FS Investment Managers Ltd
Incorporated in 1987, IL&FS Investment Managers Limited is a domestic private equity fund management company which deals in investment banking, asset management and infrastructure financing.
- Market Cap ₹ 417 Cr.
- Current Price ₹ 13.3
- High / Low ₹ 14.8 / 7.15
- Stock P/E 19.3
- Book Value ₹ 3.48
- Dividend Yield 5.27 %
- ROCE 19.2 %
- ROE 19.5 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 5.27%.
- Company has been maintaining a healthy dividend payout of 102%
Cons
- The company has delivered a poor sales growth of -49.8% over past five years.
- Tax rate seems low
- Promoters have pledged 100% of their holding.
- Earnings include an other income of Rs.29.2 Cr.
- Working capital days have increased from 203 days to 519 days
* 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: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 101 | 115 | 108 | 107 | 68 | 55 | 49 | 26 | 14 | 23 | 35 | 2 | |
| 41 | 44 | 39 | 42 | 40 | 44 | 34 | 17 | 18 | 12 | 12 | 9 | |
| Operating Profit | 60 | 71 | 69 | 65 | 28 | 11 | 15 | 9 | -4 | 11 | 23 | -8 |
| OPM % | 60% | 62% | 64% | 61% | 41% | 20% | 30% | 34% | -31% | 47% | 67% | -502% |
| 2 | 6 | 8 | 0 | 1 | 0 | 0 | 3 | 0 | 1 | 0 | 29 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 0 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 62 | 76 | 76 | 65 | 28 | 11 | 15 | 11 | -4 | 12 | 24 | 21 |
| Tax % | 31% | 30% | 27% | 24% | 15% | 50% | 31% | 30% | -37% | -4% | -2% | -1% |
| 42 | 54 | 56 | 49 | 24 | 5 | 10 | 8 | -3 | 12 | 24 | 22 | |
| EPS in Rs | 1.35 | 1.71 | 1.78 | 1.56 | 0.76 | 0.17 | 0.32 | 0.25 | -0.09 | 0.40 | 0.76 | 0.69 |
| Dividend Payout % | 74% | 76% | 73% | 77% | 79% | 355% | 93% | 237% | -335% | 100% | 105% | 102% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -35% |
| 5 Years: | -50% |
| 3 Years: | -52% |
| TTM: | -96% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | 16% |
| 3 Years: | 113% |
| TTM: | -10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | 29% |
| 3 Years: | 23% |
| 1 Year: | 44% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 12% |
| 3 Years: | 18% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 | 63 |
| Reserves | 52 | 40 | 52 | 61 | 85 | 68 | 59 | 56 | 35 | 38 | 50 | 47 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 54 | 66 | 61 | 56 | 12 | 11 | 13 | 7 | 7 | 5 | 4 | 3 | |
| Total Liabilities | 148 | 169 | 176 | 180 | 160 | 141 | 134 | 126 | 105 | 106 | 116 | 112 |
| 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 50 | 69 | 131 | 139 | 126 | 103 | 106 | 106 | 84 | 74 | 106 | 102 |
| 97 | 100 | 44 | 40 | 34 | 37 | 28 | 20 | 20 | 32 | 11 | 10 | |
| Total Assets | 148 | 169 | 176 | 180 | 160 | 141 | 134 | 126 | 105 | 106 | 116 | 112 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 39 | 35 | 87 | 57 | 14 | 6 | 28 | 1 | -7 | -4 | -8 | -10 | |
| -5 | 3 | -43 | -1 | 19 | 7 | -10 | 12 | 29 | 21 | 5 | 35 | |
| -35 | -36 | -45 | -45 | -40 | -20 | -20 | -10 | -19 | -9 | -13 | -25 | |
| Net Cash Flow | -2 | 2 | -1 | 11 | -7 | -6 | -2 | 3 | 3 | 8 | -15 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 136 | 190 | 73 | 27 | 54 | 104 | 0 | 25 | 119 | 35 | 0 | 0 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 136 | 190 | 73 | 27 | 54 | 104 | 0 | 25 | 119 | 35 | 0 | 0 |
| Working Capital Days | 51 | 68 | -96 | -140 | 20 | 110 | -32 | 16 | 58 | 46 | 43 | 519 |
| ROCE % | 68% | 77% | 70% | 54% | 21% | 8% | 12% | 9% | -4% | 12% | 22% | 19% |
Documents
Announcements
- Board Meeting Intimation for Board Meeting To Be Held On 12-08-2024 17 Jul
- Announcement under Regulation 30 (LODR)-Dividend Updates 15 Jul
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Attached certificate pursuant to Reg 74(5) of SEBI (DP) Regulations, 2018
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Jul
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 25 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1][2]
Company is a subsidiary of Infrastructure Leasing & Financial Services Limited. Holding company owns 50.42% of the company’s equity share capital. Company has invested across various sectors such as Telecom, City Gas Distribution, Shipyards, Retail, and Media. Funds managed by IIML span General Purpose Private Equity, Real Estate and Infrastructure. Investors to IIML managed Funds include most of major Indian Banks & Institutions, and Global Institutional Investors including major U.S. Pension Funds, Endowments, Foundations and SWF's. Company has raised and managed over $3.5 billion.
In the infrastructure business, IL&FS is a sponsor, developer, and advisor of infrastructure projects in India and in South East Asian region. Projects undertaken by IL&FS include industrial parks, special economic zones, power and ports, surface transport and urban transportation systems. These infra projects are being developed in conjunction with governments, financing agencies, private sector partners and communities.