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Edelweiss Financial Services Limited (EDELWEISS) Report Analysis

Corporate Events

Neutral

Axiscades Technologies Limited Appoints Edelwei...

2022-11-09 15:54:00

Axiscades Technologies Limited appoints Edelweiss Financial Services Limited as financial advisor to support the Company in fund raising from ...

Neutral

Edelweiss Financial Services Limited, Q2 2023 E...

2022-11-03 13:47:00

Edelweiss Financial Services Limited, Q2 2023 Earnings Call, Nov 10, 2022

Neutral

Edelweiss Financial Services Limited to Report ...

2022-10-31 12:45:00

Edelweiss Financial Services Limited announced that they will report Q2, 2023 results on Nov 09, 2022

Neutral

Edelweiss Financial Services Limited, Board Mee...

2022-10-31 12:45:00

Edelweiss Financial Services Limited, Board Meeting, Nov 09, 2022, at 14:45 Indian Standard Time. Agenda: To consider inter alia the unaudited...

Positive

Edelweiss Financial Services Limited has comple...

2022-10-27 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 451.136 million. Security Name: 9.65% Senio...

Positive

Edelweiss Financial Services Limited has comple...

2022-10-20 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 1.646617 billion. Security Name: 9.35% Seni...

Positive

Edelweiss Financial Services Limited has comple...

2022-10-20 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 322.332 million. Security Name: 8.85% Senio...

Positive

Edelweiss Financial Services Announces INR 4,00...

2022-09-28 09:31:00

Edelweiss Financial Services Limited announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of I...

Positive

Edelweiss Financial Services Limited has announ...

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 9.65% Senior Secured Debentures due October 21, ...

Positive

Edelweiss Financial Services Limited has announ...

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 9.35% Senior Secured Debentures due October 21, ...

Positive

Edelweiss Financial Services Limited has announ...

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 8.85% Senior Secured Debentures due October 21, ...

Positive

Edelweiss Financial Services Limited has announ...

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 9.25% Senior Secured Debentures due October 21, ...

Positive

Edelweiss Financial Services Limited Approves Dividend

2022-09-02 14:39:00

Edelweiss Financial Services Limited announced that at its AGM held on September 2, 2022, the shareholders approved dividend of INR 1.20 per s...

Negative

Edelweiss Financial Services Limited Approves B...

2022-09-02 14:39:00

Edelweiss Financial Services Limited announced that at its AGM held on September 2, 2022, the shareholders approved retirement of Mr. Rujan Pa...

Neutral

Edelweiss Financial Services Limited, Edelweiss...

2022-08-31 05:49:00

Edelweiss Financial Services Limited, Edelweiss Home Decor Conference, Sep 12, 2022. Venue: Mumbai, India.

Neutral

Edelweiss Financial Services Limited, Edelweiss...

2022-08-05 14:01:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022, Aug 18, 2022 through Aug 19, 2022. Venue: Singapore, Singapore.

Positive

Edelweiss Financial Services Limited Announces ...

2022-08-05 13:16:00

Edelweiss Financial Services Limited announced that the Company has on August 5, 2022, paid the interest on the Secured Redeemable Non-convert...

Neutral

Edelweiss Financial Services Limited - Sharehol...

2022-08-01 15:44:00

ANNUAL GENERAL MEETING

Neutral

Edelweiss Financial Services Limited, Annual Ge...

2022-08-01 15:44:00

Edelweiss Financial Services Limited, Annual General Meeting, Sep 02, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt the a...

Neutral

Edelweiss Financial Services Limited to Report ...

2022-07-29 13:42:00

Edelweiss Financial Services Limited announced that they will report Q1, 2023 results on Aug 04, 2022

Neutral

Edelweiss Financial Services Limited, Board Mee...

2022-07-29 13:42:00

Edelweiss Financial Services Limited, Board Meeting, Aug 04, 2022, at 18:30 Indian Standard Time. Agenda: To consider the unaudited financial ...

Neutral

Edelweiss Financial Services Limited, Edelweiss...

2022-06-06 14:24:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - London, Jun 08, 2022. Venue: London, United Kingdom.

Neutral

Edelweiss Financial Services Limited, Edelweiss...

2022-06-06 00:00:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - New York, Jun 09, 2022. Venue: New york, New York, United States.

Positive

Edelweiss Financial Services Limited Recommends...

2022-05-27 15:25:00

Edelweiss Financial Services Limited recommended a final dividend of INR 1.20 per share on the equity shares of the face value of INR 1 each, ...

Positive

Edelweiss Financial Services Limited, 1.20 (INR...

2022-05-27 00:00:00

Edelweiss Financial Services Limited, 1.20 (INR), Cash Dividend, Aug-25-2022

Neutral

Edelweiss Financial Services Limited, Q4 2022 E...

2022-05-26 10:52:00

Edelweiss Financial Services Limited, Q4 2022 Earnings Call, May 30, 2022

Neutral

Edelweiss Financial Services Limited to Report ...

2022-05-21 13:29:00

Edelweiss Financial Services Limited announced that they will report fiscal year 2022 final results on May 27, 2022

Neutral

Edelweiss Financial Services Limited, Board Mee...

2022-05-21 13:29:00

Edelweiss Financial Services Limited, Board Meeting, May 27, 2022, at 19:05 Indian Standard Time. Agenda: To consider the Audited financial re...

Neutral

Edelweiss Financial Services Limited, Board Mee...

2022-05-13 16:11:00

Edelweiss Financial Services Limited, Board Meeting, May 13, 2022.

Negative

Edelweiss Financial Services Limited Announces ...

2022-03-29 12:53:00

Edelweiss Financial Services Limited announced interim dividend of INR 0.25 per share on the equity share of the face value of INR 1/- each fo...

Positive

Edelweiss Financial Services Limited, 0.25 (INR...

2022-03-29 00:00:00

Edelweiss Financial Services Limited, 0.25 (INR), Cash Dividend, Apr-07-2022

Neutral

Edelweiss Financial Services Limited Presents a...

2022-02-07 18:28:00

Edelweiss Financial Services Limited Presents at Edelweiss India Conference 2022 - India 2025: The New Edge, Feb-07-2022 . Speakers: Rashesh C...

Neutral

Edelweiss Financial Services Limited, Edelweiss...

2022-02-07 16:16:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: The New Edge, Feb 07, 2022 through Feb 11, 2022.

Neutral

Edelweiss Financial Services Limited, Edelweiss...

2022-02-07 16:16:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: The New Edge, Feb 07, 2022 through Feb 11, 2022.

Neutral

Edelweiss Financial Services Limited, Equity In...

2022-02-07 07:43:00

Edelweiss Financial Services Limited, Equity Investor Conference, Feb 08, 2022 through Feb 10, 2022.

Negative

Edelweiss Financial Services Limited Announces ...

2022-01-31 14:55:00

Edelweiss Financial Services Limited appointed Ms. Ananya Suneja as Chief Financial Officer (CFO) of the Company w. e. f. March 1, 2022 in pla...

Neutral

Edelweiss Financial Services Limited to Report ...

2022-01-25 15:10:00

Edelweiss Financial Services Limited announced that they will report Q3, 2022 results on Jan 31, 2022

Neutral

Edelweiss Financial Services Limited, Board Mee...

2022-01-25 15:10:00

Edelweiss Financial Services Limited, Board Meeting, Jan 31, 2022, at 18:30 Indian Standard Time. Agenda: To consider the unaudited financial ...

Positive

Edelweiss Housing Finance Limited and Edelweiss...

2022-01-10 05:04:00

Edelweiss Housing Finance Limited and Edelweiss Housing Finance Limited announced a strategic co-lending agreement for Priority Sector Lending...

Positive

Edelweiss Financial Services Limited has comple...

2021-12-30 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 777.617 million. Security Name: 9.15% Senio...

Positive

Edelweiss Financial Services Limited (NSEI:EDEL...

2021-12-13 00:00:00

Edelweiss Financial Services Limited (NSEI:EDELWEISS) acquired 5.28% stake in Edelweiss Wealth Management from PAG for INR 2.3 billion on Dece...

Neutral

Axiscades Technologies Limited Appoints Edelweiss Financial Services Limited as Financial Advisor

2022-11-09 15:54:00

Axiscades Technologies Limited appoints Edelweiss Financial Services Limited as financial advisor to support the Company in fund raising from prospective investors.

Neutral

Edelweiss Financial Services Limited, Q2 2023 Earnings Call, Nov 10, 2022

2022-11-03 13:47:00

Edelweiss Financial Services Limited, Q2 2023 Earnings Call, Nov 10, 2022

Neutral

Edelweiss Financial Services Limited to Report Q2, 2023 Results on Nov 09, 2022

2022-10-31 12:45:00

Edelweiss Financial Services Limited announced that they will report Q2, 2023 results on Nov 09, 2022

Neutral

Edelweiss Financial Services Limited, Board Meeting, Nov 09, 2022

2022-10-31 12:45:00

Edelweiss Financial Services Limited, Board Meeting, Nov 09, 2022, at 14:45 Indian Standard Time. Agenda: To consider inter alia the unaudited financial results of the Company for the second quarter and half year ended September 30, 2022; and to consider a proposal for issue of Non-convertible Debentures.

Positive

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 451.136 million.

2022-10-27 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 451.136 million. Security Name: 9.65% Senior Secured Debentures due October 20, 2032 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 256.71 million Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: 10.1% Senior Secured Debentures due October 20, 2032 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 194.426 million Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed

Positive

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 1.646617 billion.

2022-10-20 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 1.646617 billion. Security Name: 9.35% Senior Secured Debentures due October 21, 2027 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 1.220013 billion Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: 9.75% Senior Secured Debentures due October 21, 2027 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 323.59 million Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: Zero Coupon Senior Secured Debentures due October 21, 2027 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 103.014 million Price\Range: 100% Security Features: Callable; Secured; Senior; Zero Coupon Coupon Type: Zero

Positive

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 322.332 million.

2022-10-20 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 322.332 million. Security Name: 8.85% Senior Secured Debentures due October 21, 2024 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 215.043 million Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: Senior Secured Debentures due October 21, 2024 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 107.289 million Price\Range: 100% Security Features: Callable; Secured; Senior

Positive

Edelweiss Financial Services Announces INR 4,000 Million Public Issue of Secured Redeemable Non-Convertible Debentures

2022-09-28 09:31:00

Edelweiss Financial Services Limited announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of INR 1,000 each, amounting to INR 2,000 million ("Base Issue"), with an option to retain over-subscription up to INR 2,000 million aggregating to a total of INR 4,000 million ("Tranche II Issue"). There are ten series of NCDs carrying fixed coupon and having tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly and cumulative interest option. Effective annual yield for NCDs ranges from 8.84% to 10.09%. At least 75% of the funds raised through this Issue will be used for the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Securities) Regulations, 2021 ("SEBI NCS Regulations"). An additional incentive of 0.20% p.a. will be offered for all Category of Investors in the proposed Issue, who are also holders of NCD(s)/Bond(s) previously issued by the Company, and/or ECL Finance Limited, Edelweiss Broking Limited, Edelweiss Housing Finance Limited, Edelweiss Retail Finance Limited and Nuvama Wealth Finance Limited (formerly known as Edelweiss Finance & Investments Limited) as the case may be, and/or are equity shareholder(s) of the Company as the case may be, on the deemed date of allotment. The NCDs proposed to be issued under this Tranche II Issue have been rated "CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)" and "ACUITE AA-/Negative" (pronounced as ACUITE double A minus with negative outlook). Equirus Capital Private Limited is the Lead Manager of this NCD issue. The Tranche II Issue opens on October 3, 2022 and closes on October 17, 2022 with an option of early closure. The NCDs will be listed on BSE Limited to provide liquidity to the investors.

Positive

Edelweiss Financial Services Limited has announced a Fixed-Income Offering.

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 9.65% Senior Secured Debentures due October 21, 2032 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: 10.1% Senior Secured Debentures due October 21, 2032 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed

Positive

Edelweiss Financial Services Limited has announced a Fixed-Income Offering.

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 9.35% Senior Secured Debentures due October 21, 2027 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: 9.75% Senior Secured Debentures due October 21, 2027 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: Senior Secured Debentures due October 21, 2027 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior

Positive

Edelweiss Financial Services Limited has announced a Fixed-Income Offering.

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 8.85% Senior Secured Debentures due October 21, 2024 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed Security Name: Senior Secured Debentures due October 21, 2024 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior

Positive

Edelweiss Financial Services Limited has announced a Fixed-Income Offering.

2022-09-26 00:00:00

Edelweiss Financial Services Limited has announced a Fixed-Income Offering. Security Name: 9.25% Senior Secured Debentures due October 21, 2025 Security Type: Corporate Bond/Note (Non Convertible) Price\Range: 100% Security Features: Callable; Secured; Senior Coupon Type: Fixed

Positive

Edelweiss Financial Services Limited Approves Dividend

2022-09-02 14:39:00

Edelweiss Financial Services Limited announced that at its AGM held on September 2, 2022, the shareholders approved dividend of INR 1.20 per share on the equity shares of the face value of INR 1 each.

Negative

Edelweiss Financial Services Limited Approves Board Changes

2022-09-02 14:39:00

Edelweiss Financial Services Limited announced that at its AGM held on September 2, 2022, the shareholders approved retirement of Mr. Rujan Panjwani, appointment of Mr. Shiva Kumar as an independent director of the company for a period of 5 years.

Neutral

Edelweiss Financial Services Limited, Edelweiss Home Decor Conference, Sep 12, 2022

2022-08-31 05:49:00

Edelweiss Financial Services Limited, Edelweiss Home Decor Conference, Sep 12, 2022. Venue: Mumbai, India.

Neutral

Edelweiss Financial Services Limited, Edelweiss India Conference 2022, Aug 18, 2022 through Aug 19, 2022

2022-08-05 14:01:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022, Aug 18, 2022 through Aug 19, 2022. Venue: Singapore, Singapore.

Positive

Edelweiss Financial Services Limited Announces Payment of Interest on the Secured Redeemable Non-Convertible Debentures

2022-08-05 13:16:00

Edelweiss Financial Services Limited announced that the Company has on August 5, 2022, paid the interest on the Secured Redeemable Non-convertible Debentures issued by the Company vide the Information Memorandum dated September 27, 2021 under ISIN: INE532F07CK5.

Neutral

Edelweiss Financial Services Limited - Shareholder/Analyst Call

2022-08-01 15:44:00

ANNUAL GENERAL MEETING

Neutral

Edelweiss Financial Services Limited, Annual General Meeting, Sep 02, 2022

2022-08-01 15:44:00

Edelweiss Financial Services Limited, Annual General Meeting, Sep 02, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt the audited Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Board and the Auditors thereon; and the audited Consolidated Financial Statements of the Company for the financial year ended March31,2022,together with the Report of the Auditors thereon; to declare dividend on Equity Shares; to appoint a Director in place of Mr. Rashesh Shah (DIN00008322), who retires by rotation and, being eligible, offered himself for re-appointment; and to transact other matters.

Neutral

Edelweiss Financial Services Limited to Report Q1, 2023 Results on Aug 04, 2022

2022-07-29 13:42:00

Edelweiss Financial Services Limited announced that they will report Q1, 2023 results on Aug 04, 2022

Neutral

Edelweiss Financial Services Limited, Board Meeting, Aug 04, 2022

2022-07-29 13:42:00

Edelweiss Financial Services Limited, Board Meeting, Aug 04, 2022, at 18:30 Indian Standard Time. Agenda: To consider the unaudited financial results of the Company for the first quarter ended 30 June 2022.

Neutral

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - London, Jun 08, 2022

2022-06-06 14:24:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - London, Jun 08, 2022. Venue: London, United Kingdom.

Neutral

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - New York, Jun 09, 2022

2022-06-06 00:00:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - New York, Jun 09, 2022. Venue: New york, New York, United States.

Positive

Edelweiss Financial Services Limited Recommends Final Dividend

2022-05-27 15:25:00

Edelweiss Financial Services Limited recommended a final dividend of INR 1.20 per share on the equity shares of the face value of INR 1 each, subject to the declaration by the members at the forthcoming Annual General Meeting (AGM) of the Company.

Positive

Edelweiss Financial Services Limited, 1.20 (INR), Cash Dividend, Aug-25-2022

2022-05-27 00:00:00

Edelweiss Financial Services Limited, 1.20 (INR), Cash Dividend, Aug-25-2022

Neutral

Edelweiss Financial Services Limited, Q4 2022 Earnings Call, May 30, 2022

2022-05-26 10:52:00

Edelweiss Financial Services Limited, Q4 2022 Earnings Call, May 30, 2022

Neutral

Edelweiss Financial Services Limited to Report Fiscal Year 2022 Final Results on May 27, 2022

2022-05-21 13:29:00

Edelweiss Financial Services Limited announced that they will report fiscal year 2022 final results on May 27, 2022

Neutral

Edelweiss Financial Services Limited, Board Meeting, May 27, 2022

2022-05-21 13:29:00

Edelweiss Financial Services Limited, Board Meeting, May 27, 2022, at 19:05 Indian Standard Time. Agenda: To consider the Audited financial results of the Company for the financial year ended March 31, 2022; to consider declaration of dividend, if any, on the equity shares of the Company; and to consider other matters.

Neutral

Edelweiss Financial Services Limited, Board Meeting, May 13, 2022

2022-05-13 16:11:00

Edelweiss Financial Services Limited, Board Meeting, May 13, 2022.

Negative

Edelweiss Financial Services Limited Announces Interim Dividend for the Financial Year Ending March 31, 2022, Payable on or Before April 25, 2022

2022-03-29 12:53:00

Edelweiss Financial Services Limited announced interim dividend of INR 0.25 per share on the equity share of the face value of INR 1/- each for the financial year ending March 31, 2022, the Board has fixed April 9, 2022 as the Record Date for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend. The payment of interim dividend will be made on or before April 25, 2022.

Positive

Edelweiss Financial Services Limited, 0.25 (INR), Cash Dividend, Apr-07-2022

2022-03-29 00:00:00

Edelweiss Financial Services Limited, 0.25 (INR), Cash Dividend, Apr-07-2022

Neutral

Edelweiss Financial Services Limited Presents at Edelweiss India Conference 2022 - India 2025: The New Edge, Feb-07-2022

2022-02-07 18:28:00

Edelweiss Financial Services Limited Presents at Edelweiss India Conference 2022 - India 2025: The New Edge, Feb-07-2022 . Speakers: Rashesh Chandrakant Shah, Chairman, MD & CEO.

Neutral

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: the New Edge, Feb 07, 2022 through Feb 11, 2022

2022-02-07 16:16:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: The New Edge, Feb 07, 2022 through Feb 11, 2022.

Neutral

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: the New Edge, Feb 07, 2022 through Feb 11, 2022

2022-02-07 16:16:00

Edelweiss Financial Services Limited, Edelweiss India Conference 2022 - India 2025: The New Edge, Feb 07, 2022 through Feb 11, 2022.

Neutral

Edelweiss Financial Services Limited, Equity Investor Conference, Feb 08, 2022 through Feb 10, 2022

2022-02-07 07:43:00

Edelweiss Financial Services Limited, Equity Investor Conference, Feb 08, 2022 through Feb 10, 2022.

Negative

Edelweiss Financial Services Limited Announces Executive Changes

2022-01-31 14:55:00

Edelweiss Financial Services Limited appointed Ms. Ananya Suneja as Chief Financial Officer (CFO) of the Company w. e. f. March 1, 2022 in place of Mr. Sarju Simaria who will move to a new role in the Group.

Neutral

Edelweiss Financial Services Limited to Report Q3, 2022 Results on Jan 31, 2022

2022-01-25 15:10:00

Edelweiss Financial Services Limited announced that they will report Q3, 2022 results on Jan 31, 2022

Neutral

Edelweiss Financial Services Limited, Board Meeting, Jan 31, 2022

2022-01-25 15:10:00

Edelweiss Financial Services Limited, Board Meeting, Jan 31, 2022, at 18:30 Indian Standard Time. Agenda: To consider the unaudited financial results of the Company for the quarter and nine months ended December 31, 2021.

Positive

Edelweiss Housing Finance Limited and Edelweiss Housing Finance Limited Announces A Strategic Co-Lending Agreement for Priority Sector Lending with Indian Bank

2022-01-10 05:04:00

Edelweiss Housing Finance Limited and Edelweiss Housing Finance Limited announced a strategic co-lending agreement for Priority Sector Lending with Indian Bank, one of the public sector banks in the country. The lenders recently signed a MoU under RBI's CLM, significantly expanding the portfolio of lending products available to the target customers, increasing their access to credit. The alliance aims to leverage the combined strengths of the partners to make a winning proposition for all stakeholders including customers. Indian Bank brings capital flows at low costs, which when combined with Edelweiss' expertise on customer acquisition, credit assessment, servicing and robust technology, will help meet the expanding credit needs of customers. This will expand the reach to underserved markets, enabling Priority Sector borrowers to get credit at lower costs, given the blended rate of interest. As the country gradually moves out of the pandemic, the credit offered through this partnership will provide customers with access to cost effective capital, aiding their economic revival and growth. With this alliance, Edelweiss and Indian Bank, aim to create a conducive lending environment and democratise access to credit, channelizing much needed liquidity to those who need it the most.

Positive

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 777.617 million.

2021-12-30 00:00:00

Edelweiss Financial Services Limited has completed a Fixed-Income Offering in the amount of INR 777.617 million. Security Name: 9.15% Senior Secured Redeemeable Debentures due Decemebr 28, 2026 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: INR 777.617 million Price\Range: 100% Security Features: Secured; Senior Coupon Type: Fixed Transaction Features: Regulation S

Positive

Edelweiss Financial Services Limited (NSEI:EDELWEISS) acquired 5.28% stake in Edelweiss Wealth Management from PAG for INR 2.3 billion.

2021-12-13 00:00:00

Edelweiss Financial Services Limited (NSEI:EDELWEISS) acquired 5.28% stake in Edelweiss Wealth Management from PAG for INR 2.3 billion on December 13, 2021. Edelweiss Financial Services Limited (NSEI:EDELWEISS) completed the acquisition of 5.28% stake in Edelweiss Wealth Management from PAG on December 13, 2021.

Fundamental Summary

Edelweiss's recently released results from Q1 indicate that Edelweiss is performing reasonably well and on par with its peers. Its income and value factors appear positive and give support for optimism regarding the likelihood of continued positive performance. Overall, Edelweiss's income and value factors are trending positively, and we, therefore, give Edelweiss an overall grade of 76 and a HOLD recommendation.

Edelweiss reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported revenue was INR 20,996.5 million compared to INR 18,533.1 million a year ago. Net income was INR 672.1 million compared to INR 572.9 million a year ago. Basic earnings per share from continuing operations was INR 0.75 compared to INR 0.65 a year ago. Diluted earnings per share from continuing operations was INR 0.75 compared to INR 0.64 a year ago.For the six months, revenue was INR 33,933.1 million compared to INR 35,025.6 million a year ago. Net income was INR 935.9 million compared to INR 753.8 million a year ago. Basic earnings per share from continuing operations was INR 1.04 compared to INR 0.85 a year ago. Diluted earnings per share from continuing operations was INR 1.04 compared to INR 0.84 a year ago.

Sector Overview

Edelweiss is included in the Capital Markets according to GICS (global industry classification standard). The Capital Markets industry is part of the Financials sector. It includes companies that engage in Diversified Capital Markets, Investment Banking & Brokerage, Asset Management & Custody Banks. Edelweiss's industry and sector affiliation are expected to positively boost their relative likelihood to overperform the market looking forward, as they should benefit significantly from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 645.4B 1.6% 59
Liabilities 558.3B 0.1% 49
Price to Book 2.2 -34.9% 79
Cash & Equivalents 31.2B -20.6% 59
Equity 76.8B 15.0% 73
Total Revenues 61.6B 21.0% 83
Parameter Value Change Score
Return on Equity 12.6 -4.4% 62
Net Cashflow 7.1B -47.6% 81
Asset Turnover 0.1 2.4% 87
Free Cashflow Per Share 58.8 145.4% 53
* All values are TTM

The below chart reflects Edelweiss's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Edelweiss's peer average final assessment score stands on 72, Edelweiss's score is 76.

  •  EDELWEISS
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 79 66 71
Hold
77
77 0 1
CRISIL Limited 213.7B 76 82 72
Buy
81
81 1 1
ICICI Securities Limited 170.3B 90 59 49
Hold
76
76 2 1
Nippon Life India Asset Management Limited 169.0B 77 68 76
Hold
77
77 3 1
IIFL Wealth Management Limited 162.6B 59 89 50
Hold
69
69 4 1
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 5 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 6 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 7 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 8 1
BSE Limited 78.2B 79 71 83
Buy
83
83 9 1
Prudent Corporate Advisory Services Limited 36.8B 89 69 52
Buy
79
79 10 1
IIFL Securities Limited 21.1B 84 70 74
Buy
83
83 11 1
CARE Ratings Limited 16.3B 71 67 76
Hold
71
71 12 1
Angel One Limited 133.3B 88 69 76
Buy
84
84 13 1
Indian Energy Exchange Limited 132.4B 94 77 80
Strong Buy
99
99 14 1
IDFC Limited 131.1B 74 48 68
Hold
63
63 15 1
Tata Investment Corporation Limited 118.8B 90 61 86
Buy
84
84 16 1
UTI Asset Management Company Limited 99.2B 67 60 71
Hold
67
67 17 1
JM Financial Limited 71.1B 77 69 78
Buy
79
79 18 1
JSW Holdings Limited 47.4B 87 64 61
Buy
79
79 19 1
Bengal & Assam Company Limited 42.6B 81 69 80
Buy
80
80 20 1
ICRA Limited 42.4B 73 51 66
Hold
64
64 21 1
Authum Investment & Infrastructure Limited 40.9B 57 72 66
Hold
63
63 22 1
Share India Securities Limited 38.9B 82 76 66
Buy
81
81 23 1
Dhani Services Limited 29.2B 65 62 74
Hold
64
64 24 1
Choice International Limited 26.6B 66 74 66
Hold
70
70 25 1

Macro Environment

Neutral
69

Typically, the stock market in India will react to recent economic events, as well as be influenced by the sentiment in other major economies around the world, such as the United States, European Union, and China. Our assessment is that these two events may influence global market sentiment. On the negative side we have the tensions between taiwan and china, and on the positive side we have the end of COVID-19 pandemic.

Positive end of COVID-19 pandemic

The World Health Organization issued six policy briefs outlining essential steps governments could take to stop the pandemic. The briefings, which are based on evidence and experience from the previous 32 months, provide guidance on how to save lives, protect health systems, and minimize social and economic disruption.

Negative tensions between taiwan and china

The tensions between Taiwan and China have spiked following Nancy Pelosi's visit to Taipei. China staged war games near Taiwan to express its anger at what it saw as stepped-up U.S. support for the island Beijing views as sovereign Chinese territory. Because Taiwan produces the majority of the world's semiconductors, which are used in every electronic device today, a war between China and Taiwan might be catastrophic for the global economy.

Besides the events we mentioned, there are also specific events related to the Diversified Financials industry of which Edelweiss Financial Services Limited is a part. As a result, we believe that the rising interest rate is a positive event that will continue to support the industry in the future, whereas the rising inflation may cloud the sector's shares.

Positive rising interest rate

From a historical point of view, the finance sector functions well when interest rates are rising, mainly due to the increase in loan repayments from lenders. Also, insurers often reinvest policyholder premiums into bond instruments, allowing them to profit when Treasury yields increase.

Negative rising inflation

The sudden increase in inflation is generally regarded as the most painful since it takes companies several quarters to pass on higher input costs to consumers. Historically, companies traded in the Diversified Financials industry have been hit by high inflation times due to increased operating expenses and decreased revenues.

In considering the current macro environment and the risks that might affect Edelweiss Financial Services Limited stock, we came to the conclusion that recent events aren't likely to affect the company's performance in the short term, and thus rated Edelweiss Financial Services Limited macro environment with the score of 69.

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Edelweiss's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Edelweiss's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 78.

Bullish 78
Close Price 66.75
52W Low 50.7
52W High 76.5
5D MA 66.39
50D MA 60.74
200D MA 58.32
MACD 1.74
RSI 4.93
STOCH 98.31

Balance Sheet Analysis

Two metrics jump up as the most significant positive drivers of the balance sheet strength in Edelweiss's recent report: Book Value Factors and Equity. Edelweiss's price to book ratio (P/B) was reported as 2.2 and represents -34.9% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their book value factors movement received a grade of 79. Also, Edelweiss reported solid equity numbers this period. At filing, equity was reported as 76.8B, representing 15.0% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 9.5 percent by this parameter. This performance is significantly more impressive than its peers and competitors. Therefore, its equity movement component earned a score of 73. That said, one metric, Liabilities, stood out as particularly concerning. Edelweiss's liabilities stood at 558.3B in the current filing, which represents a 0.1% change from the previous report. This performance is relatively weak in comparison to their peers and suggests that its's stock price will likely suffer until this is solved. Its liabilities movement component, therefore, received a grade of 49. The company's balance sheet received an overall score of 81.

Parameter Value Change Score
Assets 645.4B 1.6% 59
Liabilities 558.3B 0.1% 49
Price to Book 2.2 -34.9% 79
Cash & Equivalents 31.2B -20.6% 59
Equity 76.8B 15.0% 73
* All values are TTM

The below chart describes Edelweiss's performance as reflected on its balance sheet with respect to its peers. While Edelweiss received a balance sheet score of 81, the average of its peers stands on 72.

  •  EDELWEISS
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 75.0 53.0 51.0 74.0 83.0 79 0 1
CRISIL Limited 213.7B 65.0 55.0 49.0 71.0 86.0 76 1 1
ICICI Securities Limited 170.3B 93.0 43.0 49.0 95.0 88.0 90 2 1
Nippon Life India Asset Management Limited 169.0B 74.0 56.0 47.0 86.0 79.0 77 3 1
IIFL Wealth Management Limited 162.6B 45.0 88.0 63.0 41.0 68.0 59 4 1
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 5 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 6 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 7 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 8 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 9 1
Prudent Corporate Advisory Services Limited 36.8B 86.0 52.0 82.0 75.0 88.0 89 10 1
IIFL Securities Limited 21.1B 91.0 41.0 48.0 89.0 83.0 84 11 1
CARE Ratings Limited 16.3B 44.0 58.0 50.0 63.0 84.0 71 12 1
Angel One Limited 133.3B 93.0 48.0 39.0 69.0 96.0 88 13 1
Indian Energy Exchange Limited 132.4B 95.0 40.0 88.0 81.0 89.0 94 14 1
IDFC Limited 131.1B 82.0 62.0 64.0 65.0 69.0 74 15 1
Tata Investment Corporation Limited 118.8B 93.0 44.0 66.0 79.0 88.0 90 16 1
UTI Asset Management Company Limited 99.2B 39.0 86.0 78.0 50.0 73.0 67 17 1
JM Financial Limited 71.1B 76.0 58.0 52.0 79.0 79.0 77 18 1
JSW Holdings Limited 47.4B 95.0 44.0 65.0 48.0 90.0 87 19 1
Bengal & Assam Company Limited 42.6B 55.0 56.0 68.0 53.0 90.0 81 20 1
ICRA Limited 42.4B 62.0 69.0 81.0 67.0 68.0 73 21 1
Authum Investment & Infrastructure Limited 40.9B 57.0 78.0 64.0 61.0 57.0 57 22 1
Share India Securities Limited 38.9B 52.0 46.0 83.0 89.0 90.0 82 23 1
Dhani Services Limited 29.2B 67.0 65.0 76.0 66.0 60.0 65 24 1
Choice International Limited 26.6B 58.0 74.0 71.0 68.0 65.0 66 25 1

Income Statement Analysis

Edelweiss appears likely to maintain its strong income statement metrics, especially Revenue Efficiency. Edelweiss did an excellent job managing its revenue efficiency this past period. Edelweiss's revenue efficiency is 61.6B according to the metrics in the current filing, which represents a 21.0% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 1.8%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. Consequently, their revenue efficiency received a grade of 83. That said, one metric, Return Factors, stood out as strongly negative. Return factors metrics and ratios were disappointing in this report. Edelweiss reported a return on equity (ROE) ratio of 12.6, representing a change of -4.4% from the last report.change of -4.4% from the previous period. This metric might have a 13.2 percent impact on companies in the same industry and with the same market capitalization. These numbers show that management has been unsuccessful in fostering appropriate growth related to return on assets and return on equity momentum relative to their peers. Therefore, their return factors component earned a score of 62. their income statement received an overall score of 65.

Parameter Value Change Score
Total Revenues 61.6B 21.0% 83
Return on Equity 12.6 -4.4% 62
* All values are TTM

The below chart describes Edelweiss's performance as reflected on its income statement with respect to its peers. While Edelweiss received a income statement score of 65 , the average of its peers stands on 71.

  •  EDELWEISS
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 57.0 75.0 57.0 66 0 1
CRISIL Limited 213.7B 58.0 86.0 77.0 82 1 1
ICICI Securities Limited 170.3B 50.0 63.0 56.0 59 2 1
Nippon Life India Asset Management Limited 169.0B 59.0 75.0 59.0 68 3 1
IIFL Wealth Management Limited 162.6B 68.0 87.0 83.0 89 4 1
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 5 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 6 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 7 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 8 1
BSE Limited 78.2B 59.0 69.0 78.0 71 9 1
Prudent Corporate Advisory Services Limited 36.8B 48.0 68.0 70.0 69 10 1
IIFL Securities Limited 21.1B 41.0 67.0 81.0 70 11 1
CARE Ratings Limited 16.3B 61.0 71.0 62.0 67 12 1
Angel One Limited 133.3B 46.0 73.0 70.0 69 13 1
Indian Energy Exchange Limited 132.4B 50.0 87.0 66.0 77 14 1
IDFC Limited 131.1B 49.0 68.0 47.0 48 15 1
Tata Investment Corporation Limited 118.8B 41.0 69.0 58.0 61 16 1
UTI Asset Management Company Limited 99.2B 81.0 50.0 58.0 60 17 1
JM Financial Limited 71.1B 48.0 68.0 77.0 69 18 1
JSW Holdings Limited 47.4B 47.0 75.0 53.0 64 19 1
Bengal & Assam Company Limited 42.6B 69.0 61.0 78.0 69 20 1
ICRA Limited 42.4B 87.0 57.0 50.0 51 21 1
Authum Investment & Infrastructure Limited 40.9B 81.0 77.0 66.0 72 22 1
Share India Securities Limited 38.9B 45.0 68.0 83.0 76 23 1
Dhani Services Limited 29.2B 58.0 61.0 63.0 62 24 1
Choice International Limited 26.6B 73.0 68.0 70.0 74 25 1

Cash Flow Analysis

Overall, Edelweiss's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Edelweiss's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Edelweiss recorded asset turnover of 0.1, which represents a 2.4% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.3%. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Therefore, its asset turnover movement earned a score of 87. Also, Edelweiss's strong net cash flow numbers, which were 7.1B in this filing, showed a -47.6% change from the last period. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 81. On the other hand, Free Cash flow, jumped out as looking rather underwhelming. Edelweiss did a poor job related to generating and maintaining strong free cash flow this period, which stood at 58.8, representing a 145.4% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 10.1 percent by this parameter. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Consequently, their free cash flow movement received a grade of 53. Its cash flow received an overall score of 86.

Parameter Value Change Score
Net Cashflow 7.1B -47.6% 81
Asset Turnover 0.1 2.4% 87
Free Cashflow Per Share 58.8 145.4% 53
* All values are TTM

The below chart describes Edelweiss's performance as reflected on its cash flow with respect to its peers. While Edelweiss received a cash flow score of 86, the average of its peers stands on 62.

  •  EDELWEISS
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
HDFC Asset Management Company Limited 466.5B 74.0 61.0 81.0 49.0 71 0 1
CRISIL Limited 213.7B 61.0 78.0 92.0 55.0 72 1 1
ICICI Securities Limited 170.3B 52.0 84.0 48.0 46.0 49 2 1
Nippon Life India Asset Management Limited 169.0B 78.0 59.0 89.0 50.0 76 3 1
IIFL Wealth Management Limited 162.6B 64.0 67.0 43.0 47.0 50 4 1
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 5 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 6 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 7 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 8 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 9 1
Prudent Corporate Advisory Services Limited 36.8B 49.0 85.0 58.0 60.0 52 10 1
IIFL Securities Limited 21.1B 82.0 38.0 92.0 52.0 74 11 1
CARE Ratings Limited 16.3B 68.0 66.0 82.0 87.0 76 12 1
Angel One Limited 133.3B 62.0 74.0 72.0 88.0 76 13 1
Indian Energy Exchange Limited 132.4B 75.0 46.0 93.0 88.0 80 14 1
IDFC Limited 131.1B 59.0 76.0 82.0 43.0 68 15 1
Tata Investment Corporation Limited 118.8B 78.0 58.0 84.0 88.0 86 16 1
UTI Asset Management Company Limited 99.2B 87.0 52.0 49.0 80.0 71 17 1
JM Financial Limited 71.1B 69.0 68.0 69.0 88.0 78 18 1
JSW Holdings Limited 47.4B 72.0 62.0 59.0 46.0 61 19 1
Bengal & Assam Company Limited 42.6B 61.0 77.0 59.0 85.0 80 20 1
ICRA Limited 42.4B 65.0 71.0 64.0 49.0 66 21 1
Authum Investment & Infrastructure Limited 40.9B 63.0 71.0 69.0 65.0 66 22 1
Share India Securities Limited 38.9B 61.0 91.0 71.0 59.0 66 23 1
Dhani Services Limited 29.2B 65.0 72.0 72.0 70.0 74 24 1
Choice International Limited 26.6B 69.0 67.0 71.0 64.0 66 25 1

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