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Wealth First Portfolio Managers

NSEI:WEALTH
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WEALTH
NSEI
₹831M
Market Cap
  1. Home
  2. IN
  3. Diversified Financials
Company description

Wealth First Portfolio Managers Limited provides financial assets investment management solutions to corporate, institutional, retail, and HNI and NRI customers in India. The last earnings update was 103 days ago. More info.


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WEALTH Share Price and Events
7 Day Returns
-5%
NSEI:WEALTH
2.2%
IN Capital Markets
-0.6%
IN Market
1 Year Returns
0%
NSEI:WEALTH
11.3%
IN Capital Markets
11.1%
IN Market
WEALTH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wealth First Portfolio Managers (WEALTH) -5% -9.7% -9.7% 0% - -
IN Capital Markets 2.2% 1.5% 15.3% 11.3% -5.8% 11.1%
IN Market -0.6% -0.5% 3% 11.1% 18% 25.7%
1 Year Return vs Industry and Market
  • WEALTH underperformed the Capital Markets industry which returned 11.3% over the past year.
  • WEALTH underperformed the Market in India which returned 11.1% over the past year.
Price Volatility
WEALTH
Industry
5yr Volatility vs Market
Related Companies

WEALTH Value

 Is Wealth First Portfolio Managers 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 Wealth First Portfolio Managers 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 Wealth First Portfolio Managers.

NSEI:WEALTH 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
= ₹52.26 * 22.7%
₹11.84
Book Value of Equity per Share Median Book Value from the past 5 years. ₹52.26
Discount Rate (Cost of Equity) See below 15.6%
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:WEALTH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.772 (1 + (1- 35%) (17.47%))
1.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.164 * 7.85%)
15.62%

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

The calculations below outline how an intrinsic value for Wealth First Portfolio Managers 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:WEALTH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (22.7% – 15.62%) * ₹52.26)
₹3.68
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹3.68 / (15.62% - 6.48%)
₹40.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹52.26 + ₹40.27
₹92.53
NSEI:WEALTH Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹92.53
Current discount Discount to share price of ₹130.00
= -1 x (₹130.00 - ₹92.53) / ₹92.53
-40.5%

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

  • The current share price of Wealth First Portfolio Managers 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 Wealth First Portfolio Managers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wealth First Portfolio Managers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:WEALTH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹6.92
NSEI:WEALTH Share Price ** NSEI (2020-02-18) in INR ₹130
India Capital Markets Industry PE Ratio Median Figure of 161 Publicly-Listed Capital Markets Companies 10.97x
India Market PE Ratio Median Figure of 2,610 Publicly-Listed Companies 13.26x

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

** Primary Listing of Wealth First Portfolio Managers.

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

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

= 130 ÷ 6.92

18.78x

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

  • Wealth First Portfolio Managers is overvalued based on earnings compared to the IN Capital Markets industry average.
  • Wealth First Portfolio Managers is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Wealth First Portfolio Managers's expected growth come at a high price?
Raw Data
NSEI:WEALTH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Capital Markets Industry PEG Ratio Median Figure of 11 Publicly-Listed Capital Markets Companies 2.3x
India Market PEG Ratio Median Figure of 409 Publicly-Listed Companies 1.25x

*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 Wealth First Portfolio Managers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wealth First Portfolio Managers's assets?
Raw Data
NSEI:WEALTH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹56.67
NSEI:WEALTH Share Price * NSEI (2020-02-18) in INR ₹130
India Capital Markets Industry PB Ratio Median Figure of 258 Publicly-Listed Capital Markets Companies 0.53x
India Market PB Ratio Median Figure of 3,604 Publicly-Listed Companies 0.85x
NSEI:WEALTH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 130 ÷ 56.67

2.29x

* Primary Listing of Wealth First Portfolio Managers.

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

  • Wealth First Portfolio Managers is overvalued based on assets compared to the IN Capital Markets industry average.
X
Value checks
We assess Wealth First Portfolio Managers'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Wealth First Portfolio Managers has a total score of 0/6, 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.

WEALTH Future Performance

 How is Wealth First Portfolio Managers 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 Wealth First Portfolio Managers 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
21.1%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wealth First Portfolio Managers expected to grow at an attractive rate?
  • Unable to compare Wealth First Portfolio Managers's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Wealth First Portfolio Managers's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Wealth First Portfolio Managers's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:WEALTH Future Growth Rates Data Sources
Data Point Source Value (per year)
India Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
India Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 10.6%
India Market Earnings Growth Rate Market Cap Weighted Average 21.5%
India Market Revenue Growth Rate Market Cap Weighted Average 9%

*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:WEALTH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:WEALTH Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 3,998 -175 44
2019-06-30 3,654 -48 58
2019-03-31 3,309 80 71
2018-12-31 3,047 81
2018-09-30 2,784 91
2018-06-30 2,508 89
2018-03-31 2,233 160 87
2017-03-31 1,971 3 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Wealth First Portfolio Managers is high growth as no earnings estimate data is available.
  • Unable to determine if Wealth First Portfolio Managers 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:WEALTH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Wealth First Portfolio Managers Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:WEALTH Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 6.92
2019-06-30 9.00
2019-03-31 11.08
2018-12-31 12.62
2018-09-30 14.16
2018-06-30 13.92
2018-03-31 13.68
2017-03-31 7.51

*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 Wealth First Portfolio Managers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Wealth First Portfolio Managers's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Wealth First Portfolio Managers'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 Diversified Financials companies here
  3. Wealth First Portfolio Managers'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 Wealth First Portfolio Managers'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.
Wealth First Portfolio Managers 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.

WEALTH Past Performance

  How has Wealth First Portfolio Managers 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 Wealth First Portfolio Managers's growth in the last year to its industry (Capital Markets).
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.
  • Wealth First Portfolio Managers's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Wealth First Portfolio Managers's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wealth First Portfolio Managers's 1-year earnings growth is negative, it can't be compared to the IN Capital Markets industry average.
Earnings and Revenue History
Wealth First Portfolio Managers'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 Wealth First Portfolio Managers Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:WEALTH Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 3,998.16 44.28 45.70
2019-06-30 3,653.80 57.54 42.41
2019-03-31 3,309.44 70.81 39.13
2018-12-31 3,046.64 80.66 39.73
2018-09-30 2,783.83 90.51 40.34
2018-06-30 2,508.26 89.00 38.75
2018-03-31 2,232.70 87.49 37.17
2017-03-31 1,971.09 48.02 32.37
2016-03-31 1,493.48 26.04 32.06
2015-03-31 1,667.40 20.24 29.84
2014-03-31 1,416.85 1.41 20.65
2013-03-31 1,987.15 1.87 19.39

*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.
  • Wealth First Portfolio Managers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wealth First Portfolio Managers used its assets more efficiently than the IN Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Wealth First Portfolio Managers 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 Wealth First Portfolio Managers'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 Capital Markets 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.
Wealth First Portfolio Managers has a total score of 2/6, 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.

WEALTH Health

 How is Wealth First Portfolio Managers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wealth First Portfolio Managers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wealth First Portfolio Managers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wealth First Portfolio Managers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wealth First Portfolio Managers'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
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 Wealth First Portfolio Managers Company Filings, last reported 4 months ago.

NSEI:WEALTH Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 362.76 145.18 38.77
2019-06-30 362.76 145.18 38.77
2019-03-31 339.88 13.63 319.70
2018-12-31 339.88 13.63 319.70
2018-09-30 328.46 13.73 44.28
2018-06-30 328.46 13.73 44.28
2018-03-31 278.76 61.23 307.96
2017-03-31 195.56 184.53 360.38
2016-03-31 155.57 176.57 370.61
2015-03-31 51.13 51.28 92.86
2014-03-31 33.19 196.31 203.78
2013-03-31 32.46 168.32 182.73
  • Wealth First Portfolio Managers's level of debt (40%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (291.7% vs 40% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Wealth First Portfolio Managers's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Wealth First Portfolio Managers'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. Wealth First Portfolio Managers has a total score of 4/6, 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.

WEALTH Dividends

 What is Wealth First Portfolio Managers'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
0.77%
Current annual income from Wealth First Portfolio Managers dividends.
If you bought ₹2,000 of Wealth First Portfolio Managers shares you are expected to receive ₹15 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?
  • Wealth First Portfolio Managers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.59%).
  • Wealth First Portfolio Managers's dividend is below the markets top 25% of dividend payers in India (2.55%).
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:WEALTH 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 55 Stocks 1.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1402 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.6%

Industry and Market average data is calculated daily.

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

NSEI:WEALTH Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-08-21 1.000 0.717
2019-05-14 1.000 0.709
2018-08-28 1.000 0.648
2018-05-29 1.000 0.643

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

  • Whilst dividend payments have been stable, Wealth First Portfolio Managers has been paying a dividend for less than 10 years.
  • Wealth First Portfolio Managers has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Wealth First Portfolio Managers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.9x 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 Wealth First Portfolio Managers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - 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 Wealth First Portfolio Managers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wealth First Portfolio Managers has a total score of 2/6, see the detailed checks below.


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

WEALTH Management

 What is the CEO of Wealth First Portfolio Managers'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
Ashish Shah
COMPENSATION ₹3,900,000
AGE 56
TENURE AS CEO 4.4 years
CEO Bio

Mr. Ashish Navnitlal Shah has been Managing Director of Wealth First Portfolio Managers Limited since September 10, 2015. Mr. Shah served as Sales Officer in Marketing Division at HPCL, Mumbai from 1984 to 1992. Mr. Shah co-founded Dalal & Shah Fiscal Services Ltd at Ahmadabad in 1992. He founded Wealth First Portfolio Managers Pvt Ltd. at Ahmedabad in the area of financial services & wealth management & broking in 2002. He has been a Director of Wealth First Portfolio Managers Limited since April 16, 2002. Mr. Shah has been a Non-Executive & Independent Director of Ahimsa Industries Limited since December 18, 2014 and Shaival Reality Limited since January 16, 2015. He holds a Bachelor of Engineering in Mechanical Branch from L.D Engineering College, Gujarat university, Ahmadabad.

CEO Compensation
  • Ashish's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ashish's remuneration is about average for companies of similar size in India.
Management Team

Ashish Shah

TITLE
MD & Director
COMPENSATION
₹4M
AGE
56
TENURE
4.4 yrs

Manish Kansara

TITLE
Chief Financial Officer
COMPENSATION
₹898K
AGE
46
TENURE
4.4 yrs

Swapneel Shah

TITLE
Chief Manager of Operations
AGE
27

Aayush Shah

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹491K
AGE
27

Hena Shah

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
54

Rakesh Shah

TITLE
Vice President
AGE
48

Nirad Shah

TITLE
Head of Wealth Management
AGE
41
Board of Directors Tenure

Average tenure and age of the Wealth First Portfolio Managers board of directors in years:

4.4
Average Tenure
56
Average Age
  • The tenure for the Wealth First Portfolio Managers board of directors is about average.
Board of Directors

Ashish Shah

TITLE
MD & Director
COMPENSATION
₹4M
AGE
56
TENURE
17.8 yrs

Hena Shah

TITLE
Whole-Time Director
COMPENSATION
₹2M
AGE
54
TENURE
17.8 yrs

Devanshu Mehta

TITLE
Non-Executive & Independent Director
COMPENSATION
₹50K
AGE
57
TENURE
4.4 yrs

Rajan Mehta

TITLE
Non-Executive & Independent Director
COMPENSATION
₹65K
AGE
56
TENURE
4.3 yrs

Binal Bhukhanwala Gandhi

TITLE
Independent Director
COMPENSATION
₹20K
AGE
49
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Wealth First Portfolio Managers'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. Wealth First Portfolio Managers 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.

WEALTH News

Simply Wall St News

Why Wealth First Portfolio Managers Limited (NSE:WEALTH) Should Be In Your Dividend Portfolio

Today we'll take a closer look at Wealth First Portfolio Managers Limited (NSE:WEALTH) from a dividend investor's perspective. … There are a few simple ways to reduce the risks of buying Wealth First Portfolio Managers for its dividend, and we'll go through these below. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Wealth First Portfolio Managers has grown its earnings per share at 106% per annum over the past five years. Earnings per share have grown rapidly, and the company is retaining a majority of its earnings. We think this is ideal from an investment perspective, if the company is able to reinvest these earnings effectively. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

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Do Insiders Own Shares In Wealth First Portfolio Managers Limited (NSE:WEALTH)?

The big shareholder groups in Wealth First Portfolio Managers Limited (NSE:WEALTH) have power over the company. … With a market capitalization of ₹831m, Wealth First Portfolio Managers is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Wealth First Portfolio Managers

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Is Wealth First Portfolio Managers Limited's (NSE:WEALTH) P/E Ratio Really That Good?

We'll show how you can use Wealth First Portfolio Managers Limited's (NSE:WEALTH) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Wealth First Portfolio Managers's P/E ratio is 10.03. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Should You Be Happy With Wealth First Portfolio Managers Limited's (NSE:WEALTH) Performance Lately?

After looking at Wealth First Portfolio Managers Limited's (NSE:WEALTH) latest earnings announcement (31 March 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether Wealth First Portfolio Managers's performance has been impacted by industry movements. … See our latest analysis for Wealth First Portfolio Managers?

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Should You Be Tempted To Buy Wealth First Portfolio Managers Limited (NSE:WEALTH) Because Of Its PE Ratio?

and want to begin learning the link between Wealth First Portfolio Managers Limited (NSE:WEALTH)’s fundamentals and stock market performance. … Wealth First Portfolio Managers Limited (NSE:WEALTH) trades with a trailing P/E of 11.2x, which is lower than the industry average of 20.8x. … While this makes WEALTH appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

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Does Wealth First Portfolio Managers Limited's (NSE:WEALTH) Past Performance Indicate A Stronger Future?

When Wealth First Portfolio Managers Limited (NSEI:WEALTH) released its most recent earnings update (31 March 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Wealth First Portfolio Managers's average earnings over the past couple of years, and its industry performance. … Since these figures are relatively myopic, I have determined an annualized five-year figure for Wealth First Portfolio Managers's earnings, which stands at ₹16.20M This shows that, generally, Wealth First Portfolio Managers has been able to increasingly grow its net income over the past few years as well.

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Wealth First Portfolio Managers Limited's (NSEI:WEALTH) EPS Grew -16.5% In A Year. Was It Better Than Long-Term Trend?

Check out our latest analysis for Wealth First Portfolio Managers Were WEALTH's earnings stronger than its past performances and the industry? … This means that, on average, Wealth First Portfolio Managers has been able to steadily grow its bottom line over the last couple of years as well. … Over the past few years, Wealth First Portfolio Managers increased bottom-line, while its top-line declined, by efficiently controlling its costs.

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WEALTH Company Info

Description

Wealth First Portfolio Managers Limited provides financial assets investment management solutions to corporate, institutional, retail, and HNI and NRI customers in India. The company’s products include treasury bonds, equity, mutual funds, third party PMS, taxable and tax-free bonds, government securities, fixed deposits, pension and insurance products, etc. It also provides investment strategizing, asset research, asset allocation, tax planning, broking, treasury management, risk management, and retirement planning services. The company was founded in 2002 and is headquartered in Ahmedabad, India.

Details
Name: Wealth First Portfolio Managers Limited
WEALTH
Exchange: NSEI
Founded: 2002
₹831,090,000
6,393,000
Website: http://www.wealth-firstonline.com
Address: Wealth First Portfolio Managers Limited
Capitol House,
10 Paras-II,
Ahmedabad,
Gujarat, 380015,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI WEALTH Equity Shares National Stock Exchange of India IN INR 11. Oct 2017
Number of employees
Current staff
Staff numbers
55
Wealth First Portfolio Managers employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 13:11
End of day share price update: 2020/02/18 00:00
Last earnings filing: 2019/11/09
Last earnings reported: 2019/09/30
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.