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IIFL Finance

NSEI:IIFL
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IIFL
NSEI
₹25B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

IIFL Finance Limited, a diversified financial services company, provides various financial products and services in India and internationally. The last earnings update was 68 days ago. More info.


Add to Portfolio Compare Print
  • IIFL Finance has significant price volatility in the past 3 months.
IIFL Share Price and Events
7 Day Returns
6.7%
NSEI:IIFL
-11.6%
IN Mortgage
-3.9%
IN Market
1 Year Returns
-82%
NSEI:IIFL
-35%
IN Mortgage
-32.2%
IN Market
IIFL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IIFL Finance (IIFL) 6.7% -49.1% -43.9% -82% -82.2% -54.1%
IN Mortgage -11.6% -31.2% -38.8% -35% -19.3% 6.4%
IN Market -3.9% -26.8% -31.7% -32.2% -23.8% -14.9%
1 Year Return vs Industry and Market
  • IIFL underperformed the Mortgage industry which returned -35% over the past year.
  • IIFL underperformed the Market in India which returned -32.2% over the past year.
Price Volatility
IIFL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is IIFL Finance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IIFL Finance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for IIFL Finance.

NSEI:IIFL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ₹137.82 * 13.9%
₹19.18
Book Value of Equity per Share Median Book Value from the past 5 years. ₹137.82
Discount Rate (Cost of Equity) See below 22.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:IIFL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.613 (1 + (1- 35%) (934.59%))
3.235
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (2 * 7.85%)
22.18%

Discounted Cash Flow Calculation for NSEI:IIFL using Excess Returns Model Model

The calculations below outline how an intrinsic value for IIFL Finance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NSEI:IIFL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.9% – 22.18%) * ₹137.82)
₹-11.39
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-11.39 / (22.18% - 6.48%)
₹-72.56
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹137.82 + ₹-72.56
₹65.26
NSEI:IIFL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹65.26
Current discount Discount to share price of ₹81.40
= -1 x (₹81.40 - ₹65.26) / ₹65.26
-24.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of IIFL Finance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IIFL Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IIFL Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:IIFL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹20.25
NSEI:IIFL Share Price ** NSEI (2020-04-03) in INR ₹81.4
India Mortgage Industry PE Ratio Median Figure of 12 Publicly-Listed Mortgage Companies 7.63x
India Market PE Ratio Median Figure of 2,614 Publicly-Listed Companies 9.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IIFL Finance.

NSEI:IIFL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:IIFL Share Price ÷ EPS (both in INR)

= 81.4 ÷ 20.25

4.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IIFL Finance is good value based on earnings compared to the IN Mortgage industry average.
  • IIFL Finance is good value based on earnings compared to the India market.
Price based on expected Growth
Does IIFL Finance's expected growth come at a high price?
Raw Data
NSEI:IIFL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Mortgage Industry PEG Ratio Median Figure of 5 Publicly-Listed Mortgage Companies 0.23x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for IIFL Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IIFL Finance's assets?
Raw Data
NSEI:IIFL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹122.32
NSEI:IIFL Share Price * NSEI (2020-04-03) in INR ₹81.4
India Mortgage Industry PB Ratio Median Figure of 15 Publicly-Listed Mortgage Companies 0.64x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 0.63x
NSEI:IIFL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:IIFL Share Price ÷ Book Value per Share (both in INR)

= 81.4 ÷ 122.32

0.67x

* Primary Listing of IIFL Finance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IIFL Finance is overvalued based on assets compared to the IN Mortgage industry average.
X
Value checks
We assess IIFL Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. IIFL Finance has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is IIFL Finance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IIFL Finance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IIFL Finance expected to grow at an attractive rate?
  • Unable to compare IIFL Finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare IIFL Finance's earnings growth to the India market average as no estimate data is available.
  • Unable to compare IIFL Finance's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:IIFL Future Growth Rates Data Sources
Data Point Source Value (per year)
India Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 2%
India Mortgage Industry Revenue Growth Rate Market Cap Weighted Average -45.5%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:IIFL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:IIFL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:IIFL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 25,617 6,467
2019-09-30 25,876 136,301 6,093
2019-06-30 25,418 6,734
2019-03-31 25,464 3,281 6,907
2018-12-31 24,909 4,732
2018-09-30 22,485 4,970
2018-06-30 18,982 4,420
2018-03-31 38,660 -104,835 7,947
2017-12-31 33,958 8,500
2017-09-30 32,023 7,942
2017-06-30 29,809 7,494
2017-03-31 13,173 -43,294 3,117

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if IIFL Finance is high growth as no earnings estimate data is available.
  • Unable to determine if IIFL Finance is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:IIFL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from IIFL Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IIFL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:IIFL Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 20.25
2019-09-30 19.09
2019-06-30 20.85
2019-03-31 21.65
2018-12-31 14.88
2018-09-30 15.63
2018-06-30 13.92
2018-03-31 24.97
2017-12-31 26.73
2017-09-30 24.99
2017-06-30 23.62
2017-03-31 9.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if IIFL Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out IIFL Finance's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. IIFL Finance's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. IIFL Finance's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess IIFL Finance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IIFL Finance has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has IIFL Finance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IIFL Finance's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IIFL Finance's year on year earnings growth rate has been positive over the past 5 years.
  • IIFL Finance's 1-year earnings growth exceeds its 5-year average (36.7% vs 7%)
  • IIFL Finance's earnings growth has exceeded the IN Mortgage industry average in the past year (36.7% vs 16.1%).
Earnings and Revenue History
IIFL Finance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IIFL Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:IIFL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 25,617.44 6,466.79 12,529.37
2019-09-30 25,876.28 6,092.76 12,441.37
2019-06-30 25,418.01 6,734.01 7,214.84
2019-03-31 25,463.73 6,906.92 11,838.43
2018-12-31 24,908.75 4,732.01 9,355.23
2018-09-30 22,485.31 4,970.27 9,056.31
2018-06-30 18,982.49 4,419.83 5,516.61
2018-03-31 38,660.41 7,947.39 14,417.95
2017-12-31 33,957.95 8,499.75 11,051.91
2017-09-30 32,022.81 7,942.28 10,247.11
2017-06-30 29,809.11 7,494.44 9,568.84
2017-03-31 13,173.37 3,116.61 4,364.05
2016-12-31 26,301.11 6,361.80 8,612.27
2016-09-30 24,403.67 5,837.96 8,390.22
2016-06-30 23,471.42 5,410.68 8,345.01
2016-03-31 22,425.21 5,116.23 8,138.93
2015-12-31 24,046.03 5,064.03 9,197.47
2015-09-30 22,335.68 5,084.56 7,441.17
2015-06-30 22,493.15 4,611.59 8,816.10
2015-03-31 20,809.32 4,473.25 6,825.68
2014-12-31 20,323.33 3,970.16 8,167.20
2014-09-30 18,428.23 3,390.57 8,194.69
2014-06-30 17,260.13 3,086.74 7,425.39
2014-03-31 16,697.03 2,780.79 7,345.03
2013-12-31 16,802.44 2,848.31 7,521.05
2013-09-30 17,641.05 2,908.80 7,705.06
2013-06-30 18,210.35 2,903.40 7,872.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • IIFL Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IIFL Finance used its assets more efficiently than the IN Mortgage industry average last year based on Return on Assets.
  • Unable to establish if IIFL Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess IIFL Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IIFL Finance has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is IIFL Finance's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of IIFL Finance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IIFL Finance Company Filings, last reported 3 months ago.

NSEI:IIFL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 46,253.69 231,700.86 26,161.53
2019-09-30 46,253.69 228,960.13 26,161.53
2019-06-30 43,675.12 266,220.40 25,214.28
2019-03-31 43,675.13 270,204.27 15,485.00
2018-12-31 75,777.64 374,550.46 41,388.12
2018-09-30 75,777.64 374,550.46 41,388.12
2018-06-30 65,663.78 329,734.01 29,531.17
2018-03-31 62,427.93 354,312.53 36,706.33
2017-12-31 61,221.04 291,883.11 35,534.58
2017-09-30 61,221.04 291,883.11 35,534.58
2017-06-30 56,367.88 250,404.33 38,515.85
2017-03-31 56,367.88 250,462.11 37,938.68
2016-12-31 52,742.76 213,612.44 27,246.20
2016-09-30 52,742.76 213,612.44 27,246.20
2016-06-30 40,957.86 167,222.45 16,327.92
2016-03-31 40,957.87 167,222.44 16,327.92
2015-12-31 31,025.41 148,195.02 14,177.47
2015-09-30 28,858.82 149,655.27 19,828.57
2015-06-30 28,221.57 148,530.33 20,625.27
2015-03-31 28,221.57 148,530.34 20,625.27
2014-12-31 23,254.32 126,142.56 11,411.38
2014-09-30 23,254.32 126,142.56 11,411.38
2014-06-30 21,946.94 106,909.60 14,703.27
2014-03-31 21,946.94 106,306.75 14,703.27
2013-12-31 21,461.81 104,193.76 17,285.55
2013-09-30 21,461.81 104,193.76 17,285.55
2013-06-30 19,924.37 96,828.06 14,265.09
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if IIFL Finance has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if IIFL Finance's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • IIFL Finance reports no customer deposits, loans are made up entirely of borrowed funds.
  • IIFL Finance's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if IIFL Finance has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if IIFL Finance has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess IIFL Finance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IIFL Finance has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is IIFL Finance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.53%
Current annual income from IIFL Finance dividends.
If you bought ₹2,000 of IIFL Finance shares you are expected to receive ₹111 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • IIFL Finance's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.96%).
  • IIFL Finance's dividend is above the markets top 25% of dividend payers in India (4.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:IIFL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 2%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 1%
India Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:IIFL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:IIFL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2020-01-27 4.500 3.464
2019-09-05 5.000 3.747
2019-05-14 5.000 3.335
2019-01-30 5.000 1.237
2018-08-03 5.000 0.982
2018-05-03 5.000 0.729
2018-01-31 5.000 0.661
2017-06-27 4.500 0.724
2017-05-04 4.500 0.850
2017-01-25 4.500 1.173
2016-07-01 3.000 1.124
2016-05-05 3.000 1.404
2016-01-29 3.000 1.542
2015-07-03 3.000 1.533
2015-05-07 3.000 1.687
2015-01-29 3.000 1.674
2014-09-18 3.000 1.803
2014-07-01 3.000 2.263
2014-05-13 3.000 2.554
2014-01-29 3.000 4.085
2013-06-28 3.000 5.421
2013-05-11 3.000 4.863
2013-01-30 3.000 4.549
2012-07-20 1.500 2.248
2012-05-15 1.500 2.713
2012-02-06 1.500 2.371
2011-05-09 3.000 4.435
2010-04-26 3.000 3.343
2010-01-20 3.600 3.076
2009-10-15 1.200 0.871
2009-04-15 2.800 2.309

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of IIFL Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess IIFL Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IIFL Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IIFL Finance has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of IIFL Finance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sumit Bali
AGE 51
TENURE AS CEO 0.1 years
CEO Bio

Mr. Sumit Bali is Chief Executive Officer and Executive Director of India Infoline Finance Ltd. since June 25, 2018. Mr. Bali serves as Non-Executive Director at IIFL Home Finance Ltd. since August 1, 2018. He serves as Chief Executive Officer and Executive Director of IIFL Finance Ltd. Since March 12, 2020. He served as Chief Executive Officer of Kotak Mahindra Prime Limited until May 31, 2011. He served as Senior Executive Vice President at Kotak Mahindra Bank. Mr. Bali served as Additional Director of Kotak Mahindra Prime Limited since June 1, 2011 until March 30, 2015. He began his career with Glaxo India Limited in 1990, and has also worked with Asian Paints (I) Ltd. Mr. Bali has done his PGDM from IIM Ahmedabad and BA Maths from St Stephen’s college in Delhi.

CEO Compensation
  • Insufficient data for Sumit to compare compensation growth.
  • Insufficient data for Sumit to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the IIFL Finance management team in years:

1.7
Average Tenure
51
Average Age
  • The average tenure for the IIFL Finance management team is less than 2 years, this suggests a new team.
Management Team

Nirmal Jain

TITLE
Founder & Chairman
COMPENSATION
₹69M
AGE
52
TENURE
25.3 yrs

Gajendra Thakur

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹7M

Sumit Bali

TITLE
CEO & Executive Director
AGE
51
TENURE
0.1 yrs

Rajesh Rajak

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Apoorva Tiwari

TITLE
Chief OperatingOfficer

Nipun Goel

TITLE
President of Investment Banking
TENURE
8.1 yrs

Subhash Kelkar

TITLE
Chief Technology Officer

Sripathi Venu

TITLE
Chief Administrative Officer
AGE
43

Vipul Oberoi

TITLE
Chief Marketing Officer
TENURE
1.7 yrs

Anand Mathur

TITLE
President of Human Resources
Board of Directors Tenure

Average tenure and age of the IIFL Finance board of directors in years:

10
Average Tenure
70
Average Age
  • The average tenure for the IIFL Finance board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Nirmal Jain

TITLE
Founder & Chairman
COMPENSATION
₹69M
AGE
52
TENURE
24.5 yrs

Sumit Bali

TITLE
CEO & Executive Director
AGE
51
TENURE
0.1 yrs

Monu Ratra

TITLE
ED & CEO - India Infoline Housing Finance Ltd

Arun Purwar

TITLE
Independent Director
COMPENSATION
₹1M
AGE
73
TENURE
12.1 yrs

Vijay Chopra

TITLE
Independent Director
AGE
73
TENURE
0.9 yrs

Nilesh Vikamsey

TITLE
Independent Director
COMPENSATION
₹1M
AGE
55
TENURE
15.2 yrs

Rajamani Venkataraman

TITLE
Director
COMPENSATION
₹49M
AGE
52
TENURE
20.8 yrs

Sat Pal Khattar

TITLE
Member of Advisory Board
COMPENSATION
₹80K
AGE
76

Chandran Ratnaswami

TITLE
Non-Executive Director
AGE
70
TENURE
7.9 yrs

Keki Dadiseth

TITLE
Member of Advisory Board
AGE
74
TENURE
6.5 yrs
Who owns this company?
Recent Insider Trading
  • IIFL Finance individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
26. Mar 20 Sell Anand Mathur Individual 24. Mar 20 24. Mar 20 -15,000 ₹73.15 ₹-1,097,249
26. Mar 20 Buy Nirmal Jain Individual 26. Mar 20 26. Mar 20 82,517 ₹78.68 ₹6,492,372
20. Mar 20 Buy Nirmal Jain Individual 20. Mar 20 20. Mar 20 35,510 ₹89.93 ₹3,193,365
19. Mar 20 Buy Nirmal Jain Individual 19. Mar 20 19. Mar 20 95,035 ₹90.00 ₹8,553,149
18. Mar 20 Buy Nirmal Jain Individual 18. Mar 20 18. Mar 20 132,609 ₹99.96 ₹13,255,489
17. Feb 20 Sell Prabodh Agrawal Individual 14. Feb 20 14. Feb 20 -381,019 ₹207.86 ₹-79,199,977
28. Nov 19 Sell Nipun Goel Individual 28. Nov 19 28. Nov 19 -146,169 ₹160.00 ₹-23,387,039
28. Nov 19 Buy Ardent Impex Pvt Ltd Company 28. Nov 19 28. Nov 19 435,195 ₹172.25 ₹74,962,331
11. Nov 19 Buy Kyrush Realty Private Limited Company 07. Nov 19 07. Nov 19 241,885 ₹126.65 ₹30,634,722
05. Nov 19 Sell Prabodh Agrawal Individual 05. Nov 19 05. Nov 19 -2,000,000 ₹118.00 ₹-235,999,968
27. Sep 19 Buy Ardent Impex Pvt Ltd Company 27. Sep 19 27. Sep 19 159,731 ₹116.91 ₹18,674,397
20. Sep 19 Buy Nirmal Jain Individual 20. Sep 19 20. Sep 19 500,000 ₹115.70 ₹57,849,230
29. May 19 Sell Girish Kulkarni Individual 27. May 19 28. May 19 -17,000 ₹428.95 ₹-7,227,395
28. May 19 Sell Girish Kulkarni Individual 24. May 19 24. May 19 -15,850 ₹425.24 ₹-6,740,000
24. May 19 Sell Arindam Chanda Individual 22. May 19 22. May 19 -2,000 ₹423.93 ₹-847,860
24. May 19 Sell Harshavardhan Dole Individual 23. May 19 23. May 19 -15,000 ₹423.33 ₹-6,350,000
23. May 19 Sell Harshavardhan Dole Individual 20. May 19 22. May 19 -40,998 ₹426.85 ₹-17,500,000
23. May 19 Sell Abhishek Bhandari Individual 20. May 19 22. May 19 -20,000 ₹441.29 ₹-8,825,839
23. May 19 Sell Girish Kulkarni Individual 21. May 19 23. May 19 -84,150 ₹430.64 ₹-35,845,245
20. May 19 Sell Anil Mascarenhas Individual 17. May 19 17. May 19 -25,000 ₹435.78 ₹-10,894,542
X
Management checks
We assess IIFL Finance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IIFL Finance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Interested In IIFL Holdings Limited (NSE:IIFL)? Here's How It Performed Recently

After looking at IIFL Holdings Limited's (NSE:IIFL) latest earnings update (31 March 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … IIFL's trailing twelve-month earnings (from 31 March 2018) of ₹3.73b has

Simply Wall St -

What Is IIFL Holdings Limited's (NSE:IIFL) Share Price Doing?

This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … A question to answer is whether IIFL Holdings's current trading price of ₹694.55 reflective of the actual value of the? … Let’s take a look at IIFL Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should You Be Tempted To Sell IIFL Holdings Limited (NSE:IIFL) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for IIFL Price per share = ₹718.6 Earnings per share = ₹11.725 ∴ Price-Earnings Ratio = ₹718.6 ÷ ₹11.725 = 61.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with IIFL, then investors would naturally value IIFL at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with IIFL, investors would also value IIFL at a higher price since it is a higher growth investment.

Simply Wall St -

Does IIFL Holdings Limited's (NSE:IIFL) Past Performance Indicate A Stronger Future?

Measuring IIFL Holdings Limited's (NSEI:IIFL) track record of past performance is an insightful exercise for investors. … See our latest analysis for IIFL Holdings Were IIFL's earnings stronger than its past performances and the industry? … Since these values may be relatively nearsighted, I’ve estimated an annualized five-year figure for IIFL's net income, which stands at ₹4.06B This suggests that, on average, IIFL Holdings has been able to gradually grow its earnings over the past few years as well.

Simply Wall St -

Have Investors Already Priced In IIFL Holdings Limited's (NSE:IIFL) Growth?

IIFL Holdings Limited (NSEI:IIFL), a capital markets company based in India, led the NSEI gainers with a relatively large price hike in the past couple of weeks. … In addition to this, it seems like IIFL Holdings’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Does IIFL Holdings Limited's (NSE:IIFL) 34.9% Earnings Growth Reflect The Long-Term Trend?

See our latest analysis for IIFL Holdings Did IIFL's recent earnings growth beat the long-term trend and the industry? … Well, let’s take a look at whether it is merely owing to an industry uplift, or if IIFL Holdings has experienced some company-specific growth. … This means that whatever uplift the industry is benefiting from, IIFL Holdings is capable of leveraging this to its advantage.What does this mean?

Simply Wall St -

What You Must Know About IIFL Holdings Limited's (NSEI:IIFL) ROE

Check out our latest analysis for IIFL Holdings Peeling the layers of ROE – trisecting a company’s profitability Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … This means IIFL returns enough to cover its own cost of equity, with a buffer of 3.01%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NSEI:IIFL Last Perf Dec 6th 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient IIFL is with its cost management.

Simply Wall St -

Company Info

Description

IIFL Finance Limited, a diversified financial services company, provides various financial products and services in India and internationally. The company offers home, gold, commercial vehicles, and SME loans; digital finance; micro finance; loan against property; construction finance; and real estate loans. It also provides asset management, advisory, financial products distribution, brokerage, and credit solutions; and capital market related services, including financial planning, investment banking, and retail and institutional broking services in mutual funds, equity, commodities, and currency trading, as well as research services. IIFL Holdings Limited serves retail and corporate, high net-worth individual, and institutional and retail customers through agents, banks, brokers, direct, other distribution agreements, and independent financial advisors. The company was formerly known as IIFL Holdings Limited and changed its name to IIFL Finance Limited in May 2019. IIFL Finance Limited was founded in 1995 and is based in Mumbai, India.

Details
Name: IIFL Finance Limited
IIFL
Exchange: NSEI
Founded: 1995
₹24,791,677,683
319,686,366
Website: http://www.iifl.com
Address: IIFL Finance Limited
802, Hubtown Solaris,
8th Floor,
Mumbai,
Maharashtra, 400069,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI IIFL Equity Shares National Stock Exchange of India IN INR 17. May 2005
BSE 532636 Equity Shares Mumbai Stock Exchange IN INR 17. May 2005
Number of employees
Current staff
Staff numbers
16,731
IIFL Finance employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 12:53
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2020/01/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.