Financials IIFL Finance Limited

Equities

IIFL

INE530B01024

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 07:43:47 2024-04-26 am EDT			5-day change	1st Jan Change
415 ^INR	-0.77%		+2.18%	-30.63%

Apr. 25	Factbox-India central bank scrutiny of financial firms leads to restrictions	RE
Apr. 23	IIFL Finance's cenbank-directed audit starts after March gold loan ban	RE

Valuation

Fiscal Period: March	2019	2022	2023	2024	2025	2026
Capitalization ¹	136,938	108,413	185,688	158,324	-	-
Enterprise Value (EV) ¹	136,938	108,413	185,688	158,324	158,324	158,324
P/E ratio	20.1 x	9.17 x	12.5 x	8.25 x	7.42 x	6.65 x
Yield	1.17%	-	0.82%	1.3%	1.54%	1.83%
Capitalization / Revenue	2.69 x	-	3.55 x	2.43 x	2.11 x	1.82 x
EV / Revenue	2.69 x	-	3.55 x	2.43 x	2.11 x	1.82 x
EV / EBITDA	3,759,038 x	-	-	-	-	-
EV / FCF	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-
Price to Book	3.71 x	-	2.07 x	1.51 x	1.28 x	1.1 x
Nbr of stocks (in thousands)	319,203	379,599	380,430	381,548	-	-
Reference price ²	429.0	285.6	488.1	415.0	415.0	415.0
Announcement Date	5/14/19	4/28/22	4/26/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	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	5/14/19	4/28/22	4/26/23	-	-	-

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	10/26/22	1/30/23	4/26/23	7/27/23	-	-	-

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	388,702	-	494,561	561,460	648,401	702,407
Book Value Per Share ²	116.0	-	236.0	274.0	324.0	377.0
Cash Flow per Share	-	-	-	-	-	-
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	5/14/19	4/28/22	4/26/23	-	-	-

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

415 INR

Average target price

579.1 INR

Spread / Average Target

+39.55%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Consumer Lending

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SOFI TECHNOLOGIES, INC.	-20.90%	8.31B
MUTHOOT FINANCE LIMITED	+14.34%	8.13B

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