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360 ONE WAM Ltd share Price Today

Company details

814.95
864.50
419.85
900.95
6M Return 28.21%
1Y Return 93.31%
Mkt Cap.(Cr) 30,607.43
Volume 2,526,599
Div Yield 2.03%
OI
-
OI Chg %
-
Volume 2,526,599

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Financial Services company 360 One Wam announced FY24 results:

Financial Highlights:

  • Total Revenue surged by 25% to Rs 1,965 crore, driven by strong growth in ARR AUM and higher transactional/brokerage income.
  • Revenue from Operations reached Rs 1,846 crore, reflecting an 18% increase.
  • ARR revenue amounted to Rs 1,331 crore, marking a 14% increase.
  • Combined Active ARR retention remained stable at 77 basis points (bps), with Wealth Management retention at 78 bps and Asset Management retention at 75 bps.
  • Consolidated Profit After Tax rose by 20% to Rs 802 crore, compared to Rs 668 crore for FY24.
  • Tangible net worth of Rs 2,803 crore was primarily invested in the wealth (Rs 777 crore), asset management (Rs 230 crore), and lending (Rs 1,439 crore) businesses. Tangible Return on Equity increased to 30.1% in FY24 from 26.7% for FY24.
  • The Board approved Rs 3.50 per share as the 1st interim dividend for FY24.

Business Highlights:

  • Assets under Management for 360 ONE reached Rs 4,66,909 crore, comprising Wealth Management AUM of Rs 3,94,661 crore and Asset Management AUM of Rs 72,248 crore.
  • As of March 31, 2024, ARR AUM amounted to Rs 2,27,879 crore, marking a significant 36% increase.
    • Wealth Management: ARR AUM grew to Rs 1,55,631 crore ( 43%), driven by robust growth across segments. The discretionary / non-discretionary / advisory proposition (360 ONE Plus) saw a remarkable growth of 71%, while Distribution and Lending businesses grew by 26% and 20% respectively.
    • Asset Management: ARR AUM increased to Rs 72,248 crore ( 24%), fueled by growth in AIF ( 10%) and Discretionary PMS ( 31%) segments, with MF AUM nearly doubling to Rs 9,580 crore.
  • In FY24, 360 ONE Wealth onboarded over 400 clients (with more than Rs 10 crore ARR AUM), with clients having ARR AUM above Rs 50 crore increasing by approximately 150. The segment manages assets for approximately 7,200 relevant clients, with an overall client attrition rate of 1.4% - one of the lowest in the industry.
  • The Wealth Sales team was strengthened in FY24 through the addition of over 35 senior and experienced partners.
  • In the last 12 months, 360 ONE received 10 awards, including Best Domestic Private Bank - India by EuroMoney Private Banking and Asian Private Banker.

Karan Bhagat, Founder, MD & CEO stated, "Last year, India sustained its position as one of the fastest-growing economies globally. The increasing trend of financialization of traditional assets and savings, along with new wealth creation from monetization events, continues to present a substantial opportunity for the wealth and asset management sector.

We are pleased to announce that the Company achieved its highest-ever annual profit in FY24. For the past 16 years, our focus has remained steadfast on the key pillars of client centricity, product innovation, and process orientation. We are deeply grateful for the trust and confidence placed in us by our growing base of clients and investors.

Looking ahead, we are optimistic about the significant wealth opportunity beyond Tier-1 cities and have devised an expansion plan for our domestic coverage. Additionally, we anticipate leveraging the strength of our core platform and innovative capabilities to drive high growth in the HNI segment and position ourselves as a preferred manager of global capital seeking access to India. The combination of favorable macroeconomic conditions and our unique proposition continues to solidify our position as one of the leading players in India."

Result PDF

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360 ONE WAM Ltd shares SWOT Analysis

Strengths (14)

  • MACD Crossover Above Signal Line
  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Low Piotroski Score : Companies with weak financials
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (4)

  • Positive Breakout Third Resistance ( LTP > R3)
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 873.3
R2 893.7
R3 922.8
Pivot

844.12

S1 823.7
S2 794.6
S3 774.2
EMA SMA
793.6
771.8
734.0
669.6
795.1
777.6
730.2
652.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ICICI PRUDENTIAL MUTUAL FUND A/C - ICICI PRUDENTIAL VALUE DISCOVERY FUND Bulk Purchase 2023-12-04 600 3500000 NSE
NIRMAL BHANWARLAL JAIN Bulk Sell 2023-12-04 600.24 5000000 NSE
MADHU N JAIN Bulk Sell 2023-12-04 600 3000000 NSE
Name Category Shares
Nirmal Bhanwarlal Jain PROMOTER 5.55%
Yatin Shah PROMOTER 3.82%
Kush Family Private Trust(trusteebeing 360 ONE Investment Adviser and Trustee Services Ltd) PROMOTER 1.67%
Kyra Family Private Trust(trusteebeing 360 ONE Investment Adviser and Trustee Services Ltd) PROMOTER 1.67%
Kalki Family Private Trust (trustee being Aditi Avinash Athavankar) PROMOTER 1.43%
Shilpa Bhagat PROMOTER 1.25%
Nirmal Madhu Family Private Trust (trustee being Mansukhlal Jain and Pritesh Ashwin Mehta) PROMOTER 0.78%
Madhu N Jain PROMOTER 0.56%
Venkataraman Rajamani PROMOTER 0.53%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Profit after Tax
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360 ONE WAM Ltd Stocks COMPARISON

Financials( in Cr) 360 ONE WAM Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 852.90 7,233.95 1,594.90 358.30 173.22
% Change 5.31 -1.37 -0.19 -1.35 -1.42
Mcap Cr 30,607.43 447,778.61 254,464.54 227,638.17 226,372.66
Revenue TTM Cr 2,058.89 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 657.89 11,507.69 12,209.54 31.25 6,337.01
PE TTM 36.34 31.40 31.33 143.52 35.78
1 Year Return 93.31 -2.06 3.43 43.95 424.91
ROCE 13.37 11.76 12.69 0.03 5.32
ROE 21.41 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,121.95 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35
Iifl Wealth Management Limited - Agreement

Jun 14, 2024 l NSE Announcement

Iifl Wealth Management Limited - Amendment to AOA/MOA

Jun 13, 2024 l NSE Announcement

Board Meeting for Today

Jun 12, 2024 l Board Meetings for Today

Date Action Type Ratio
May 02, 2024 Dividend 350
Jan 29, 2024 Dividend 450
Nov 10, 2023 Dividend 400

360 ONE WAM Ltd Information

Stock PE (TTM)
36.34
Promoter Holding
17.75%
Book Value
95.4985
ROCE
13.37%
ROE
21.41%
Description
  • 360 One Wam Ltd. (Earlier known IIFL Wealth Management Ltd / IIFLW) was incorporated as a Public Limited Company on 17 January, 2008. The Company is a Holding Company to its subsidiaries engaged in Wealth and Asset Management Services including financial asset distribution, broking, lending, credit and investment solutions and asset and portfolio management. It provides transaction structuring and advisory services relating to financial products to its clients. In year 2009, IIFL Inc set up international offices including Dubai, Singapore and Mauritius as a global foorprint. In 2011, IIFL Wealth Management acquired `Finest Wealth Managers` in Pune adding nearly Rs 1700 crores to AUM. In 2012, the company`s wealth management reached Rs 25000 crores AUM. In 2013, it acquired an Asset Management and a Private Equity Firm; launch of only success fee-based Alternative Investment Fund. In 2014, the company took lead in an Alternative Investment Fund space and is presently the No.1 Manager of Alternatives in India. In 2015, General Atlantic picked up 21.61% stake in IIFL Wealth & Asset Management, thru which the investment endorsed its quality of team and business. In year 2016, the company acquired an NBFC, infusing Rs 900 crore as capital, and renamed it IIFL Wealth Finance Ltd. In year 2017, IIFL Asset Management`s Special Opportunities Fund, the first-of-its-kind pre-IPO fund in India, raised over Rs 7500 crores. In the year of 2018, Chennai- based Wealth Advisors India and Bangalore-based Altiore Advisors were acquired by the Company. In 2019, IIFL Wealth made a stake to its five renowned marquee investors. The Composite Scheme of Arrangement amongst the Company, IIFL Finance Limited, India Infoline Finance Limited, India Infoline Media and Research Services Limited, IIFL Distribution Services Limited and their respective shareholders became effective from May 13, 2019. Upon the implementation of the said Scheme, the Wealth Business undertaking demerged as a separate listed entity and resulting to this, 1 fully paid up share of Rs 2/- ach was issued to the shareholders of IIFL Finance Limited, for every 7 shares of the Company held by them, as on June 6,2019. Further, fractional entitlement, was paid to the shareholders, by selling fractional shares in market. Accordingly, 4,56,04,924 equity shares of Rs 2/- each of the Company were issued and allotted in aggregate to Shareholders of the Company. In year of 2020, the Company acquired L&T Capital Markets, a wholly owned subsidiary of L&T Finance Holdings.Its consolidated AUM including custody assets stood at Rs 1,60,034 crores as of 31st March 2020 . During the period 2020, the Company allotted 26,59,718 equity shares in aggregate, pursuant to Scheme of Arrangement and exercise of stock options by eligible employees under the IIFL Wealth Employee Stock Option Schemes. Accordingly, total paid-up share capital of Company was increased to Rs 17,43,62,084 divided into 8,71,81,042 equity shares of Rs 2/- each. During the year 2020-21, IIFL Wealth Prime Limited (formerly known as IIFL Wealth Finance Limited) a wholly-owned subsidiary Company, had acquired IIFL Wealth Capital Markets Limited (formerly known as L&T Capital Markets Limited) on April 24, 2020. Total Assets under management including custody assets stood at Rs. 2,46,083 Crs as on Mar` 21. Total Assets under management including custody assets stood at Rs. 3,27,237 Crs as on March 31, 2022. In FY 22, the Company launched and raised commitments for a suite of products including the IIFL Special Opportunities Fund Series 4 (SOF8), the Monopolistic Market Intermediaries Fund (MMIF), launched the Turnaround Opportunities Fund, category 3 AIF, listed equity; the Multi Strategy Fund- Series 2 investing in SOF8 and MMIF, the Income Opportunities Fund- 3, a credit fund investing into a fixed return instruments and instruments benefiting from an equity upside and late stage Pre-IPO Funds. Further, it launched first quant-based offering IIFL Quant Fund and raised over Rs 100 Crs in the NFO. Total Assets under management including custody assets stood at Rs. 3,40,834 Crs as on Mar` 23. During 2022-23, the Company launched 360 ONE Equity Opportunity Fund (CAT III AIF), launched 360 ONE Equity Opportunity Fund Series 2 (CAT III AIF), primarily investing in listed equities to hedge portfolio return; launched 360 ONE Special Opportunity Fund - Series 11 and 360 ONE Mid-Stage Venture Fund I (formerly known as TrueScale Venture Growth Fund I). It raised commitments in Commercial Yield Fund (CAT II AIF), a sector-agnostic private credit strategy targeting high-quality credit backed by strong collaterals; further launched Income Opportunities Fund Series 4 (CAT II AIF), primarily investing in unlisted Infrastructure and Real Assets and launched multiple Large Value Funds. On listed equity front, 360 ONE Asset diligently provided investors with numerous updates on product performance and features and continued to onboard new distribution partners and achieve scale across existing products (Multicap PMS and Phoenix PMS). It launched a new debt PMS strategy Managed Credit Solution Portfolio. It launched 360 ONE ELSS Nifty 50 Tax Saver Index Fund (formerly known as IIFL ELSS NIFTY 50 Tax Saver Index Fund).

Registered Address

IIFL Centre Kamala City, Senapati Bapat Marg LowerParel, Mumbai, Maharashtra, 400013

Tel : 91-22-48765600
Email : secretarial:360.one
Website : http://www.360.one
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 542772
NSE Code : 360ONE
Book Closure Date (Month) :
BSE Group : A
ISIN : INE466L01038

FAQ’s on 360 ONE WAM Ltd Shares

You can buy 360 ONE WAM Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy 360 ONE WAM Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 19, 2024 04:03 PM the closing price of 360 ONE WAM Ltd was Rs.852.90.

The latest PE ratio of 360 ONE WAM Ltd as of Jun 19, 2024 04:03 PM is 36.34

The latest PB ratio of 360 ONE WAM Ltd as of Jun 19, 2024 04:03 PM is 0.12

The 52-week high of 360 ONE WAM Ltd share price is Rs. 900.95 while the 52-week low is Rs. 419.85

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 19, 2024 04:03 PM, the market cap of 360 ONE WAM Ltd stood at Rs. 30,607.43.

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