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IIFL Finance Ltd share Price Today

Company details

418.00
446.05
313.25
703.40
6M Return -33.71%
1Y Return -10.62%
Mkt Cap.(Cr) 16,042.19
Volume 2,132,904
Div Yield 0.95%
OI
-
OI Chg %
-
Volume 2,132,904

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Financial Services company IIFL Finance announced Q3FY24 results:

  • For Q3FY24, the company reported a net profit after tax of Rs 545 crore (before non-controlling interest) up 29% YoY.
  • Profit before tax (PBT) for the quarter was Rs 716 crore up 29% YoY.
  • Loan growth in core products was robust – Gold loans and Home loans AUM grew by 35% and 25% YoY respectively.
  • Microfinance grew by 54% while Digital loans and Loan against property grew by 96% and 27% YoY respectively.
  • Overall core loan portfolio grew by 34% YoY.

Nirmal Jain, Founder, IIFL Finance, remarked on the financial results: “We continue to grow at a healthy pace, in all core businesses in line with our targets. Our focus on asset quality is unflinching. Our Net NPAs are now below 1%, and GNPAs at lower than 2% are amongst the best in the industry. India is in a sweet spot to capitalize on reforms and growth focus of the government, favorable demographics, and improved global standing. The outlook for the next five years is distinctly sanguine and we are well placed to sustain our strong growth momentum."

Kapish Jain, President & Group Chief Financial Officer, of IIFL Finance, commented on the financial results: “Despite healthy CAGR growth in our asset under management of ~ 23% since fiscal 2019, we continue to strengthen our capital position with net gearing at a consolidated level touching a five-year low of 3.3x. This was enabled through healthy internal accruals with expanded margins and asset-light business strategy.”

 

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IIFL Finance Ltd shares SWOT Analysis

Strengths (8)

  • Company with high TTM EPS Growth
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Street Favorite: High Analyst Rating with at least 20% upside
  • Stock with Low PE (PE < = 10)

Threats (3)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • Increase in Provisions in Recent Results

Resistance and support

R1 438.3
R2 456.2
R3 466.4
Pivot

428.17

S1 410.3
S2 400.1
S3 382.2
EMA SMA
403.4
463.8
516.1
533.2
369.9
488.3
555.8
571.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NOMURA INDIA INVESTMENT FUND MOTHER FUND Bulk Purchase 2023-12-22 551.01 2620411 BSE
MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED Bulk Purchase 2023-12-22 555.42 2144039 BSE
F3 ADVISORS PRIVATE LIMITED Bulk Purchase 2023-12-22 553.06 2092541 BSE
Name Category Shares
Nirmal Bhanwarlal Jain PROMOTER 12.51%
Madhu N Jain PROMOTER 3.16%
Venkataraman Rajamani PROMOTER 2.88%
Mansukhlal Jain and Pritesh Ashwin Mehta (in their capacity as Trustees of Nirmal Madhu Family Priva PROMOTER 2.62%
Aditi Avinash Athavankar (in her capacity as Trustee of Kalki Family Private Trust) PROMOTER 2.36%
Ardent Impex Pvt Ltd PROMOTER 0.86%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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P BV

IIFL Finance Ltd Stocks COMPARISON

Financials( in Cr) IIFL Finance Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 420.45 7,229.55 1,698.65 372.20 145.30
% Change -3.60 -0.01 -0.32 0.47 -0.95
Mcap Cr 16,042.19 446,802.82 271,017.74 236,469.23 189,885.39
Revenue TTM Cr 8,411.96 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 1,607.55 11,507.69 12,209.54 31.25 6,337.01
PE TTM 8.88 32.45 34.74 0.00 31.46
1 Year Return -10.62 24.03 30.16 49.54 427.40
ROCE 11.70 11.76 12.69 0.03 5.32
ROE 20.80 23.46 28.18 0.02 14.66
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,992.06 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34

IIFL Finance Ltd Information

Stock PE (TTM)
8.88
Promoter Holding
24.78%
Book Value
259.7531
ROCE
11.7%
ROE
20.8%
Description
  • IndiaInfoline Finance Limited (IIFL) (Earlier known as Probity Research & Services Private Limited) was incorporated in 18th October, 1995 at Mumbai. The Company converted into a Public Limited Company on 28th April, 2000 and name of the Company was changed to Probity Research & Services Limited. Thereafter, name of the Company was changed to India Infoline.com Limited on 23rd May, 2000. and again in March 23rd, 2001, the name changed as IndiaInfoline Limited. The Company is a leading online and offline broking and advisory services provider to retail and institutional clients in the cash and derivative segments. The Company offers a broad suite of financial products such as Gold Loan, Loans to Micro, Small & Medium Enterprises (MSMEs), Loan Against Securities and Digital Finance Loans. The Company, along with its subsidiaries, caters to entire gamut of financial services including equities and commodities broking, portfolio management, distribution of mutual funds, life insurance products, home loans, personal loans, etc. The Company identified the potential of the Internet to cater to a mass retail segment and transformed its business model from providing information services to institutional customers to retail customers. Hence, it launched Internet Portal, www.indiainfoline.com in May, 1999 and started providing news and market information, independent research, interviews with business leaders and other specialized features. IIL acquired 100% shares of Agri Marketing Services Limited during March of the year 2000. In the year 2000, IIL leveraged its position as a provider of financial information and analysis by diversifying into transactional services, primarily for online trading in shares and securities and online as well as offline distribution of personal financial products, like mutual funds and RBI Bonds. These activities are carried on through the wholly owned subsidiaries. The broking service was launched under the brand name of 5paisa through our subsidiary, India Infoline Securities Private Limited and www.5paisa.com, the e-broking portal, was launched for online trading in June of the year 2000. It combined competitive brokerage rates and research, supported by Internet technology. Besides investment advice from an experienced team of research analysts, also offer real time stock quotes, market news and price charts with multiple tools for technical analysis. In December of the year 2000, India Infoline Insurance Services Limited (subsidiary) became a corporate agent for ICICI Prudential Life Insurance Company Limited. In the year 2004, the company launched commodities broking through its subsidiary India Infoline Commodities Private Limited. Also received a license for Portfolio Management Services from SEBI for broking subsidiary. During the year 2006, the company received the requisite prior approval from The Securities and Exchange Board of India for its proposed merger of India Infoline Securities Private Limited (IISPL), a wholly owned subsidiary with itself. It had earlier received in-principle approval from National Stock Exchange and The Stock Exchange, Mumbai. In January, 2007 the company entered into an alliance with Bank of Baroda for providing Brokerage Platform, besides research and analysis services to the bank`s customers. India Infoline awarded the `Best Broker in India` by Finance Asia. This was a result of Finance Asia`s annual look at the best financial services firms in each country around Asia for the period from June 2007 to May 2008. During March of the year 2008, India Infoline`s institutional broking arm IIFL, partnered with Auerbach Grayson & Company, Inc., a New York-based brokerage firm to offer US investors premium access to investing in India`s capital markets. Auerbach Grayson specializes in providing global trade execution and exclusive research to U.S. institutional investors. As of July 2008, the company received the in-principle approval for the insurance broking licence from IRDA. During the year 2010-11, the Company`s Singapore subsidiary, commenced its equity broking operations from December 2010. . Similarly the Company`s subsidiary in Sri Lanka received approval from Colombo Stock Exchange and SEC, Sri Lanka for undertaking broking business in July 2010, thereby becoming the first Indian broking Company to set up broking business in Sri Lanka. As on March 31, 2012, the Company had 29 subsidiaries located in India and overseas. India Infoline Marketing Services Limited (IIMSL), a wholly owned subsidiary got merged with the Company with effect from April 1, 2011 and the Scheme of Amalgamation was sanctioned by the Hon`ble High Court of Judicature at Bombay vide Order dated April 27, 2012. Similarly, Moneyline Credit Limited, step down NBFC subsidiary was merged with, India Infoline Finance Limited, direct NBFC subsidiary in 2012. India Infoline Venture Capital Fund (IIFL VCF), the venture capital arm of India Infoline Group (IIFL), launched its Real Estate Fund - `IIFL Real Estate Fund (Domestic) Series 1` in January, 2012, which was fully subscribed with total commitment of Rs. 5 billion with green shoe option of Rs. 2.5 billion. Subsequent to SEBI approval to mutual fund business, IIFL Mutual Fund launched its first New Fund Offer IIFL Nifty ETF in September, 2011. IIFL Mutual Fund also launched 3 series of debt schemes under IIFL Fixed Maturity Plan. The total net assets under management of IIFL Mutual Fund as on March 31, 2012 was Rs. 1,711.3 million. Under IIFL Private Equity Fund (Category II AIF), IIFL Income Opportunities Fund was launched as a Close-ended Debt Scheme in February 2013. During the year 2013, the Company as a sponsor, received approval from SEBI for newly opened up Alternative Investment Funds (AIFs) under all three categories namely, IIFL Venture Fund (Category I AIF - Venture Capital Fund), IIFL Private Equity Fund (Category II AIF) and IIFL Opportunities Fund (Category III AIF). IIFL Mutual Fund increased the number of its equity schemes by launching IIFL Dividend Opportunity Fund, an Open-ended Index Scheme. The Fund also launched a Close ended Debt Scheme, which mobilised Rs. 1,222.1 million. During the year 2015, India Infoline Asset Management Company Limited (IIFL AMC) under IIFL Mutual Fund Platform launched IIFL India Growth Fund in October, 2014 which garnered Rs. 1,121 million from public subscription. Under the IIFL`s Alternative Investment Fund(s) platform (IIFL AIF), IIFL AMC launched IIFL National Development Agenda Fund, Category III AIF investing into equities and IIFL Real Estate Fund Domestic Series II, investing primarily in securities issued by real estate entities, which garnered collectively Rs. 5,305 million (till March 31, 2015) from high networth investors. During the year 2015, IIFL AMC commenced its operations as Portfolio Manager. As on March 31, 2015 total assets under management by IIFL AMC under IIFL Mutual Fund, IIFL Alternative Investment Fund and Portfolio Management were Rs. 22,056 million. A Scheme of Arrangement between IIFL Holdings Limited and 5paisa Capital Limited (a wholly owned subsidiary of the Company) and their respective Shareholders was sanctioned by the Hon`ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated September 06, 2017, to demerge 5paisa digital undertaking from IIFL Holdings Limited to 5paisa Capital Limited. The said Demerger is effected w.e.f. the Appointed Date i.e. October 1, 2016. Pursuant to this, 5paisa Capital Limited ceased to be a subsidiary of the Company w.e.f. from September 30, 2017. Post the demerger, 5paisa Capital Limited got listed on NSE and BSE on 16th November, 2017, which became India`s first listed Fintech Company. As on March 31, 2017, the Company had 32 subsidiaries located in India and overseas. The Company acquired 1.13% of the Equity Share Capital of M/s. India Infoline Finance Limited, the Non Banking Financial subsidiary of the Company, from M/s. Bennett Coleman & Company Ltd. Pursuant to the said Acquisition, India Infoline Finance Limited and India Infoline Housing Finance Limited (subsidiary of India Infoline Finance Limited) became 100% subsidiaries of the Company in year 2017. During the year 2017, name of India Infoline Asset Management Company Limited (IIFL AMC) was changed to IIFL Asset Management Limited. Under IIFL Mutual Fund Platform, the assets under management increased from Rs. 3,524 million to Rs. 4,923 million. During the year 2017, the IIFL Dividend Opportunities Index Fund and IIFL Nifty ETF got merged with IIFL India Growth Fund. The Board of Directors of the Company, at its meeting held on January 31, 2018 had approved the Composite Scheme of Arrangement amongst the Company, IIFL Finance Limited (erstwhile IIFL Holdings Limited; IFL), India Infoline Media and Research Services Limited (IIFL M&R), IIFL Securities Limited, IIFL Wealth Management Limited, India Infoline Finance Limited, IIFL Distribution Services Limited (IIFL Distribution), and their respective shareholders, which, inter-alia, envisages the demerger of the Securities Business Undertaking of IIFL Finance Limited into the Company, which was sanctioned by Hon`ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated March 7, 2019. IIFL Securities Limited and IIFL Wealth Management Limited were demerged and independently listed. IIFL Holdings Limited was renamed as IIFL Finance Limited. As on March 31, 2018, the Company had 32 subsidiaries (including step down subsidiaries)/ Associates located in India and Overseas. During year 2018, the Company acquired additional 50% equity shares of IIFL Asset Reconstruction Limited (ARC) and consequently ARC became a wholly-owned subsidiary of the Company and ceased to be an Associate Company. Further, India Infoline Finance Limited, the NBFC subsidiary, acquired 100% equity shares of Clara Developers Private Limited and IIFL Wealth Management Ltd. incorporated IIFL Capital (Canada) Limited as its wholly-owned subsidiary. During the year 2018, 5paisa Capital Limited and IIFL Properties Private Limited ceased to be subsidiaries of the Company. As of March 31, 2019 Company had 3 subsidiaries, IIFL Home Finance Limited (Formerly known as India Infoline Housing Finance Limited), Samasta Microfinance Limited and Clara Developers Private Limited. During the year 2019-20, due to merger of India Infoline Finance Limited with the Company w.e.f. March 30, 2020 India Infoline Finance Limited ceased to be a subsidiary of the Company. The Company had a network of over 2,377 branches across more than 600 towns/cities in 2019-20. It added a network of 430 branches during year, 2020. As on March 31, 2021, the Company had 2 subsidiaries, IIFL Home Finance Limited and Samasta Microfinance Limited. During the year 2020-21, Clara Developers Private Limited, ceased to be the wholly-owned subsidiary of the Company with effect from July 27, 2020 due to sale of Clara Developers Private Limited. As of March 31, 2021, AUM stood at Rs 446.9 Billion. The Company had a network of over 2,563 branches in 2020-21. It added a network of 186 new branches during year 2021. As on March 31, 2022, the Company has 2 subsidiaries and 1 step down subsidiary viz., IIFL Home Finance Limited, IIFL Samasta Finance Limited (Earlier known as Samasta Microfinance Limited) and IIHFL Sales Limited. During the year 2021-22, IIHFL Sales Limited was incorporated on September 28, 2021 as a wholly owned subsidiary of HFC, which is a wholly owned subsidiary of the Company. Accordingly, IIHFL Sales Limited became the step-down subsidiary of the Company. During FY 2021-22, it added a network of 731 new branches across the country. As of March 31, 2022, AUM stood at Rs 61.6 Billion with a growth of 30% YoY. During the year 2022, IIFL Home Finance raised US$ 68 Million by issue of NCDs to Asian Development Bank (ADB) for enhancing funding to affordable green housing across the lower-income groups in India. In June 2022, Abu Dhabi Investment Authority (ADIA) has signed a definitive agreement to invest Rs. 22 billion for a 20% stake in IIFL Home Finance. During the year 2021-22, Company launched Co-branded Prepaid Cards, an innovative product with ICICI Bank for their Gold loan customers. It tied up with fintech and digital players to get leads and add new customers to portfolio. The Company formed a Joint Venture (JV) with Open Financial Technologies to establish India`s first Neobank for MSMEs. During the FY 2022-23, the Company had a network of over 4,267 branches. 971 new branches were added during the year. Retail Home loans constituted 34% of the total AUM and stood at Rs 21,800 Crore. Total disbursement during the year amounted to Rs 8,075 Crore. Growth of retail home loans was 23% YoY as of March 31, 2023.

Registered Address

IIFL House Sun Infotech Park, Rd No 16V Pl No B-23 Wagle Est, Thane, Maharashtra, 400604

Tel : 91-22-41035000/67881000
Email : shareholders:iifl.com; csteam:iifl.com
Website : http://www.iifl.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532636
NSE Code : IIFL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE530B01024

FAQ’s on IIFL Finance Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Apr 12, 2024 04:05 PM the closing price of IIFL Finance Ltd was ₹ 420.45.

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 Apr 12, 2024 04:05 PM, the market cap of IIFL Finance Ltd stood at ₹ 16,042.19.

The latest PE ratio of IIFL Finance Ltd as of Apr 12, 2024 04:05 PM is 8.88

The latest PB ratio of IIFL Finance Ltd as of Apr 12, 2024 04:05 PM is 0.62

The 52-week high of IIFL Finance Ltd share price is ₹ 703.40 while the 52-week low is ₹ 313.25

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