Mehabe score: 3 G Factor: 7 Piotski Score: 6 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 7 and Piotski score of 6.
Description
IIFL Securities is in the financial services spaces offering capital financial services such as equity/currency broking in NSE/BSE, online and offline commodity broking in MCX and NCDEX, depository participant services, merchant banking and distribution of financial product besides holding investments in subsidiaries.Site:IIFLSEC
Market Cap:
Rs 2,270 cr
Price:
75.0
Trading pe:
10.3x
Book-value:
32.0/share
Div yield:
2.67 %
Earning yield:
36.31%
Face-value:
2.00/share
52week high:
80.90
52week low:
32.65
Technical Analysis
Stock trades at 75.0, above its 50dma 62.05. It also trades above its 200dma 50.61. The stock remains bullish on techicals
The 52 week high is at 80.90 and the 52week low is at 32.65
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– has a good return on equity (ROE) track record: 3 Years ROE 26.59%
Weakness
– Promoter holding is low: 31.41%
Competition
– The industry trades at a mean P/E of 18.9x. SBI Cards trades at the industry’s max P/E of 101.26x. IIFLSEC trades at a P/E of 10.3x
– Industry’s mean G-Factor is 4.9 while the mean Piotski score is 7.0. IIFLSEC has a G-Factor of 7 and Piotski scoreof 6.
– Average 1 month return for industry is 8.5%. The max 1- month return was given by Muthoot Finance: a return of 23.08 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 238.0 cr compared to Rs 197.0 cr for period ended Mar 2020, a rise of 20.8%
Operating Profits reported at Rs 98.0 cr for period ended Mar 2021 vis-vis 86.0 for period ended Mar 2020 .
Operating Margins contracted -247.8 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 2.55 compared to Rs 1.58 for previous quarter ended Dec 2020 and Rs 1.17 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 791.0 cr for period ended Mar 2021 vis-vis sales of Rs 758.0 cr for the period ended Mar 2020, a growth of 4.2%. The 3 year sales cagr stood at -5.4%.
Operating margins shrank to 38.0% for period ended Mar 2021 vis-vis 43.0% for period ended Mar 2020, contraction of 500.0 bps.
Net Profit reported at Rs 220.0 cr for period ended Mar 2021 vis-vis sales of Rs 249.0 cr for the period ended Mar 2020, falling 13.2%.
Company recorded a Net Profit CAGR of 6.7% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 117% on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is 4% vis-vis a compounded sales growth of -5% over the last 3 Years. – The compounded profit growth on a TTM basis is -11% vis-vis a compounded profit growth of 7% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 16.23% vis-vis 15.64% for Dec 2020 – Public shareholding has fallen for the period ended Mar 2021. The Mar 2021 public holding stood at 48.13% vis-vis 50.43% for Dec 2020
Conclusion
– has reduced debt.
– has a good return on equity (ROE) track record: 3 Years ROE 26.59% – Promoter holding is low: 31.41%
