Financials IIFL Finance Limited

Equities

IIFL

INE530B01024

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 05:13:48 03/05/2024 pm IST			5-day change	1st Jan Change
90.5 ^INR	+4.50%		-78.19%	-84.87%

01/05	IIFL Finance Limited Announces Executive Changes	CI
25/04	Factbox-India central bank scrutiny of financial firms leads to restrictions	RE

Valuation

Fiscal Period: March	2019	2022	2023	2024	2025	2026
Capitalization ¹	1,36,938	1,08,413	1,85,688	1,53,159	-	-
Enterprise Value (EV) ¹	1,36,938	1,08,413	1,85,688	1,53,159	1,53,159	1,53,159
P/E ratio	20.1 x	9.17 x	12.5 x	7.98 x	7.18 x	6.43 x
Yield	1.17%	-	0.82%	1.35%	1.59%	1.9%
Capitalization / Revenue	2.69 x	-	3.55 x	2.35 x	2.04 x	1.76 x
EV / Revenue	2.69 x	-	3.55 x	2.35 x	2.04 x	1.76 x
EV / EBITDA	37,59,038 x	-	-	-	-	-
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	3.71 x	-	2.07 x	1.46 x	1.24 x	1.06 x
Nbr of stocks (in thousands)	3,19,203	3,79,599	3,80,430	3,81,609	-	-
Reference price ²	429.0	285.6	488.1	401.4	401.4	401.4
Announcement Date	14/05/19	28/04/22	26/04/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März	2019	2022	2023	2024	2025	2026
Net sales ¹	50,955	-	52,253	65,046	74,962	87,116
EBITDA	36,429	-	-	-	-	-
EBIT ¹	36,108	-	29,786	37,426	44,050	53,646
Operating Margin	70.86%	-	57%	57.54%	58.76%	61.58%
Earnings before Tax (EBT) ¹	11,296	-	21,125	27,322	30,437	33,466
Net income ¹	6,907	11,879	15,003	19,511	21,884	23,648
Net margin	13.55%	-	28.71%	30%	29.19%	27.15%
EPS ²	21.34	31.14	39.18	50.31	55.92	62.38
Free Cash Flow	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share ²	5.000	-	4.000	5.407	6.386	7.611
Announcement Date	14/05/19	28/04/22	26/04/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales	-	-	-	-	-	-	17,635
EBITDA	-	-	-	-	-	-	-
EBIT ¹	-	5,445	8,023	8,497	8,700	9,692	10,305
Operating Margin	-	-	-	-	-	-	58.44%
Earnings before Tax (EBT)	-	-	-	-	-	-	21,125
Net income ¹	3,796	3,783	4,127	4,254	4,843	5,260	5,172
Net margin	-	-	-	-	-	-	29.33%
EPS	9.940	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	26/10/22	30/01/23	26/04/23	27/07/23	-	-	-

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2019	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-
ROE (net income / shareholders' equity)	16.4%	-	19.4%	19.7%	19.5%	20.1%
ROA (Net income/ Total Assets)	1.78%	-	3.03%	3.48%	3.38%	3.37%
Assets ¹	3,88,702	-	4,94,561	5,61,460	6,48,401	7,02,407
Book Value Per Share ²	116.0	-	236.0	274.0	324.0	377.0
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	14/05/19	28/04/22	26/04/23	-	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for IIFL Finance Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

401.4 INR

Average target price

579.1 INR

Spread / Average Target

+44.28%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Consumer Lending

	1st Jan change	Capi.
IIFL FINANCE LIMITED	-84.87%	1.84B
BAJAJ FINANCE LIMITED	-5.41%	51.37B
BAJAJ FINSERV LTD.	-3.47%	31.37B
JIO FINANCIAL SERVICES LIMITED	+61.37%	28.64B
ORIX CORPORATION	+20.90%	24.24B
SYNCHRONY FINANCIAL	+19.40%	18.31B
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	+3.89%	13.19B
SHRIRAM FINANCE LIMITED	+26.16%	11.67B
MUTHOOT FINANCE LIMITED	+15.22%	8.19B
SOFI TECHNOLOGIES, INC.	-30.05%	7.35B

Other Consumer Lending