Loading..

IIFL Wealth Management Limited (IIFLWAM) Press Release Analysis

Corporate Events

Neutral

IIFL Wealth Management Limited Approves Amendme...

2022-11-23 13:04:00

IIFL Wealth Management Limited approved amendments to Part II of the articles of association of the Company as approved by the Board at its me...

Negative

IIFL Wealth Management Limited Announces Change...

2022-11-23 13:04:00

IIFL Wealth Management Limited announced The Board at the meeting held on November 23, 2022 approved the resignation of Mr. Shantanu Rastogi, ...

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-11-23 13:04:00

IIFL Wealth Management Limited, Board Meeting, Nov 23, 2022. Agenda: To consider execution of the letter agreement entered into between the Co...

Positive

Bc Asia Investments X Limited completed the acq...

2022-11-22 00:00:00

Bc Asia Investments X Limited entered into an Share purchase agreement to acquire IIFL Wealth Management Limited (NSEI:IIFLWAM) from General A...

Neutral

IIFL Wealth Management Limited Proposes Alterat...

2022-11-15 10:14:00

IIFL Wealth Management Limited proposes change of name of the Company from `IIFL Wealth Management Limited' to `360 ONE Limited' or `360 ONE W...

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-11-15 10:03:00

IIFL Wealth Management Limited, Board Meeting, Nov 15, 2022. Agenda: To consider adoption of the new brand namely `360 ONE' and the sub-brands...

Positive

IIFL Wealth Management Limited (NSEI:IIFLWAM) c...

2022-11-15 00:00:00

IIFL Wealth Management Limited (NSEI:IIFLWAM) entered into Share Purchase and Shareholders Agreement to acquire 91% equity stake in MAVM Angel...

Neutral

IIFL Wealth Management Limited Approves Alterat...

2022-10-28 05:35:00

IIFL Wealth Management Limited at Extraordinary General Meeting held On October 27, 2022, approved the alteration of the articles of associati...

Positive

IIFL Wealth Management Limited, 17.0 (INR), Cas...

2022-10-19 19:52:00

IIFL Wealth Management Limited, 17.0 (INR), Cash Dividend, Oct-28-2022

Positive

IIFL Wealth Management Limited Announces Third ...

2022-10-19 13:51:00

IIFL Wealth Management Limited announced the third interim dividend for the financial year 2022-23 of INR 17 (Rupees seventeen only) per equit...

Neutral

IIFL Wealth Management Limited, Special/Extraor...

2022-10-19 13:04:00

IIFL Wealth Management Limited, Special/Extraordinary Shareholders Meeting, Oct 20, 2022, at 11:00 Indian Standard Time. Agenda: To Increase t...

Neutral

IIFL Wealth Management Limited to Report Q2, 20...

2022-10-10 14:59:00

IIFL Wealth Management Limited announced that they will report Q2, 2023 results at 4:00 PM, Indian Standard Time on Oct 19, 2022

Neutral

IIFL Wealth Management Limited, Q2 2023 Earning...

2022-10-10 14:59:00

IIFL Wealth Management Limited, Q2 2023 Earnings Call, Oct 20, 2022

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-10-10 14:59:00

IIFL Wealth Management Limited, Board Meeting, Oct 19, 2022, at 16:30 Indian Standard Time. Agenda: To consider and approve standalone and con...

Neutral

IIFL Wealth Management Limited - Shareholder/An...

2022-10-04 10:51:00

EGM

Neutral

IIFL Wealth Management Limited, Special/Extraor...

2022-10-04 10:51:00

IIFL Wealth Management Limited, Special/Extraordinary Shareholders Meeting, Oct 27, 2022, at 16:00 Indian Standard Time. Agenda: To consider A...

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-10-01 11:17:00

IIFL Wealth Management Limited, Board Meeting, Sep 30, 2022. Agenda: To approve the execution of an agreement between the Company, Mr. Karan B...

Neutral

IIFL Wealth Management Limited, Annual General ...

2022-09-08 09:17:00

IIFL Wealth Management Limited, Annual General Meeting, Sep 30, 2022, at 16:00 Indian Standard Time. Agenda: To consider and adopt the audited...

Neutral

IIFL Wealth Management Limited - Shareholder/An...

2022-09-08 09:17:00

Annual General Meeting

Neutral

IIFL Wealth Management Limited Presents at 10th...

2022-08-23 08:55:00

IIFL Wealth Management Limited Presents at 10th Annual Indian Wealth Management Forum 2022, Sep-07-2022 . Speakers: Santoshi Kittur, Chief Tec...

Neutral

Pacific Prospect Group Limited, 10th Annual Ind...

2022-08-23 04:10:00

Pacific Prospect Group Limited, 10th Annual Indian Wealth Management Forum 2022, Sep 07, 2022.

Neutral

Emkay Global Financial Services Limited, Emkay ...

2022-08-03 08:23:00

Emkay Global Financial Services Limited, Emkay Global Conference, Aug 10, 2022 through Aug 12, 2022. Venue: Mumbai, Maharashtra, India.

Neutral

IIFL Wealth Management Limited Presents at Emka...

2022-08-01 00:00:00

IIFL Wealth Management Limited Presents at Emkay Global Conference, Aug-11-2022 . Venue: Mumbai, Maharashtra, India.

Neutral

Spark Capital Advisors (India) Private Limited,...

2022-08-01 00:00:00

Spark Capital Advisors (India) Private Limited, Spark Capital Investor Conference, Sep 05, 2022. Venue: Grand Hyatt, Mumbai, Maharashtra, India.

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-08-01 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022. Venue: Grand Hyatt, Mumbai, India.

Neutral

IIFL Wealth Management Limited Presents at Spar...

2022-08-01 00:00:00

IIFL Wealth Management Limited Presents at Spark Capital Investor Conference, Sep-05-2022 . Venue: Grand Hyatt, Mumbai, Maharashtra, India.

Neutral

IIFL Wealth Management Limited Presents at Moti...

2022-08-01 00:00:00

IIFL Wealth Management Limited Presents at Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep-19-2022 . Venue: Grand Hyatt, Mumba...

Positive

IIFL Wealth Management Limited, 15.0 (INR), Cas...

2022-07-25 20:40:00

IIFL Wealth Management Limited, 15.0 (INR), Cash Dividend, Aug-01-2022

Negative

IIFL Wealth Management Limited Announces A Seco...

2022-07-25 14:00:00

IIFL Wealth Management Limited announced a second interim dividend for the financial year 2022-23 of INR 15/(Rupees fifteen only) per equity s...

Positive

IIFL Wealth Management Limited (NSEI:IIFLWAM) e...

2022-07-25 00:00:00

IIFL Wealth Management Limited (NSEI:IIFLWAM) entered into Share Purchase and Shareholders Agreement to acquire 91% equity stake in MAVM Angel...

Negative

IIFL Wealth Management Appoints Nikunj Kedia as...

2022-06-29 13:47:00

IIFL Wealth Management announced Nikunj Kedia has been elevated to the role of head of products at the company. Kedia, who has been with IIFL ...

Neutral

IIFL Wealth Management Limited, Q1 2023 Earning...

2022-06-29 10:41:00

IIFL Wealth Management Limited, Q1 2023 Earnings Call, Jul 26, 2022

Neutral

IIFL Wealth Management Limited to Report Q1, 20...

2022-06-29 10:41:00

IIFL Wealth Management Limited announced that they will report Q1, 2023 results on Jul 25, 2022

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-06-29 10:41:00

IIFL Wealth Management Limited, Board Meeting, Jul 25, 2022, at 16:30 Indian Standard Time. Agenda: To consider approve standalone and consoli...

Negative

IIFL Wealth Management Limited Appoints Ms. San...

2022-06-14 18:35:00

IIFL Wealth and Asset Management (IIFL WAM) announced the appointment of Ms. Santoshi Kittur as Chief Technology Officer. Santoshi joins the l...

Positive

IIFL Wealth Management Limited, 20.0 (INR), Cas...

2022-05-26 19:24:00

IIFL Wealth Management Limited, 20.0 (INR), Cash Dividend, Jun-01-2022

Positive

IIFL Wealth Management Limited Announces First ...

2022-05-25 13:25:00

IIFL Wealth Management Limited announces first interim dividend for the financial year 2022-23 of INR 20 per equity share of the face value of...

Neutral

Kotak Institutional Equities, Kotak Institution...

2022-05-16 12:05:00

Kotak Institutional Equities, Kotak Institutional Equities India BFSI Forum 2022, May 23, 2022.

Neutral

UBS (India) Private Limited, UBS India MidCap V...

2022-05-16 12:05:00

UBS (India) Private Limited, UBS India MidCap Virtual Conference 2022, May 25, 2022.

Neutral

Motilal Oswal Financial Services Limited, Motil...

2022-05-16 12:05:00

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022. Venue: Mumbai , Maharashtra, India.

Neutral

IIFL Wealth Management Limited Presents at Kota...

2022-05-16 12:05:00

IIFL Wealth Management Limited Presents at Kotak Institutional Equities India BFSI Forum 2022, May-23-2022 .

Neutral

IIFL Wealth Management Limited Presents at UBS ...

2022-05-16 12:05:00

IIFL Wealth Management Limited Presents at UBS India MidCap Virtual Conference 2022, May-25-2022 .

Neutral

IIFL Wealth Management Limited Presents at Moti...

2022-05-16 12:05:00

IIFL Wealth Management Limited Presents at Motilal Oswal Annual India Ideation Conference, Jun-09-2022 . Venue: Mumbai , Maharashtra, India.

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-05-04 13:45:00

IIFL Wealth Management Limited, Board Meeting, May 25, 2022. Agenda: To consider and approve alteration of articles of association; and to con...

Negative

IIFL Wealth Management Limited Appoints Anupama...

2022-05-03 13:48:00

IIFL Wealth Management announced the appointment of Anupama Sharma as executive director of the wealth business. According to the company, Sha...

Neutral

IIFL Wealth Management Limited, Q4 2022 Earning...

2022-04-13 13:13:00

IIFL Wealth Management Limited, Q4 2022 Earnings Call, May 05, 2022

Neutral

IIFL Wealth Management Limited to Report Q4, 20...

2022-04-13 13:13:00

IIFL Wealth Management Limited announced that they will report Q4, 2022 results on May 04, 2022

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-04-13 13:13:00

IIFL Wealth Management Limited, Board Meeting, May 04, 2022, at 16:30 Indian Standard Time. Agenda: To consider and approve standalone and con...

Positive

Bc Asia Investments X Limited entered into a sh...

2022-03-31 00:00:00

Bc Asia Investments X Limited entered into an Share purchase agreement to acquire IIFL Wealth Management Limited (NSEI:IIFLWAM) from General A...

Negative

IIFL Wealth and Asset Management Appoints Aakas...

2022-02-08 14:10:00

IIFL Wealth and Asset Management on announced the appointment of Aakash Desai as head of private credit at IIFL Asset Management. In this role...

Neutral

Spark Capital Partners, LLC, BFSI focused virtu...

2022-02-07 09:23:00

Spark Capital Partners, LLC, BFSI focused virtual Investors Conference, Feb 09, 2022.

Neutral

IIFL Wealth Management Limited Presents at BFSI...

2022-02-07 09:23:00

IIFL Wealth Management Limited Presents at BFSI focused virtual Investors Conference, Feb-09-2022 .

Neutral

IIFL Wealth Management Limited Presents at Axis...

2022-02-07 09:23:00

IIFL Wealth Management Limited Presents at Axis Capital India Conference, Feb-14-2022 .

Neutral

IIFL Wealth Management Limited Revises Earnings...

2022-02-02 14:28:00

IIFL Wealth Management Limited revised earnings guidance for the fiscal year 2022 and 2023 and provides earnings guidance for the fiscal year ...

Neutral

Axis Capital Limited, Axis Capital India Confer...

2022-02-02 10:55:00

Axis Capital Limited, Axis Capital India Conference, Feb 14, 2022 through Feb 18, 2022.

Neutral

IIFL Wealth Management Limited, Board Meeting, ...

2022-01-10 09:50:00

IIFL Wealth Management Limited, Board Meeting, Feb 02, 2022, at 16:30 Indian Standard Time. Agenda: TO consider and approve standalone and con...

Neutral

IIFL Wealth Management Limited, Q3 2022 Earning...

2022-01-10 09:50:00

IIFL Wealth Management Limited, Q3 2022 Earnings Call, Feb 03, 2022

Neutral

IIFL Wealth Management Limited to Report Q3, 20...

2022-01-10 07:48:00

IIFL Wealth Management Limited announced that they will report Q3, 2022 results on Feb 02, 2022

Neutral

IIFL Wealth Management Limited Approves Amendments to Part II of the Articles of Association

2022-11-23 13:04:00

IIFL Wealth Management Limited approved amendments to Part II of the articles of association of the Company as approved by the Board at its meeting held on September 30, 2022 and as approved by the shareholders of the Company vide special resolution passed at the 1st Extraordinary General Meeting of the Company for the financial year 2022-23, held on October 27, 2022, which were to be effective from the Completion, the Board at its meeting held has taken note of the effective date of the aforesaid amendments to Part II of the articles of association of the Company i.e. November 22, 2022.

Negative

IIFL Wealth Management Limited Announces Changes to its Board

2022-11-23 13:04:00

IIFL Wealth Management Limited announced The Board at the meeting held on November 23, 2022 approved the resignation of Mr. Shantanu Rastogi, Mr. Sandeep Naik and Mr. Gopalakrishnan Soundarajan from the Board of the Company effective November 23, 2022. The Board approved the appointment of Mr. Pavninder Singh and Mr. Rishi Mandawat as Additional, Non-Executive, Non-Independent Directors on the Board of the Company effective, November 23, 2022. Mr. Singh joined Bain Capital Private Equity in 2001. He is a Managing Director in the Financial & Business Services and Industrial & Energy Verticals and a member of the Asia Pacific Private Equity team. Prior to that he was based in the New York Office as part of the North American Private Equity industrials team. Prior to joining Bain Capital Private Equity, Mr. Singh was the co-CEO of Medrishi.com, a healthcare services site. Prior to that, he was a consultant at Mercer Management Consulting where he consulted in the e-commerce, retail, and energy industries. Mr. Singh received an MBA from Harvard Business School where he was a Baker Scholar. He received a BA from Harvard College. Mr. Mandawat joined Bain Capital Private Equity in 2008. He is a Managing Director in the Financial Services, Industrial Manufacturing & Logistics, Telecom & Media and a member of the Asian Pacific Private Equity team. Prior to joining Bain Capital Private Equity, Mr. Mandawat worked at McKinsey and Company in the Delhi office on a number of strategic and operational issues for clients in the electric power and energy, construction, and retail and automotive sectors. Prior to joining McKinsey, he worked as a finance controller for two business units in ABB in India. Mr. Mandawat received his MBA from the Indian Institute of Management, Ahmedabad and his B.Com (Hons.) from Jodhpur University. Mr. Mandawat is also a Chartered Accountant from the Institute of Chartered Accountants of India.

Neutral

IIFL Wealth Management Limited, Board Meeting, Nov 23, 2022

2022-11-23 13:04:00

IIFL Wealth Management Limited, Board Meeting, Nov 23, 2022. Agenda: To consider execution of the letter agreement entered into between the Company and BC Asia Investments X Limited; and to consider other matters.

Positive

Bc Asia Investments X Limited completed the acquisition of IIFL Wealth Management Limited (NSEI:IIFLWAM) from General Atlantic Singapore Fund Pte. Ltd managed by General Atlantic Service Company, L.P. and FIH Mauritius Investments Ltd

2022-11-22 00:00:00

Bc Asia Investments X Limited entered into an Share purchase agreement to acquire IIFL Wealth Management Limited (NSEI:IIFLWAM) from General Atlantic Singapore Fund Pte. Ltd managed by General Atlantic Service Company, L.P. and FIH Mauritius Investments Ltd. for INR 36.8 billion on March 30, 2022. Bain Capital will acquire 22.1 million equity shares of IIFL Wealth Management, for INR 1,661 per share. The transaction is subject to regulatory and other customary approvals. On June 14, 2022, Competition Commission of India (CCI) on Tuesday approved the acquisition of the stake in IIFL Wealth Management (IIFLWM) by BC Asia Investments X LtdOn September 30, 2022, IIFL conduct a board meeting where it approved the execution of an agreement between Karan Bhagat, Yatin Shah, General Atlantic Singapore Fund Pte. Ltd. (“Investor”), Nirmal Jain and Venkataraman Rajamani (“Termination Agreement”) for the termination of the shareholders’ agreement (“Shareholders’ Agreement”) vis-à-vis the Investor. The Termination Agreement shall be effective from the completion of the purchase of an aggregate of 22,155,000 shares by Bain capital. J.P. Morgan India Private Limited acted as financial advisor to General Atlantic Service Company, L.P. and FIH Mauritius Investments Ltd. Axis Capital Limited acted as financial advisor to Bain Capital, LP. NovaDhruva Capital Pvt. Ltd. acted as financial advisor to Bain Capital, LP. Srishti Goyal and Soumitra Nikhra of AZB & Partners acted as a legal counsel to Bain Capital, LP. Srinivas Kaushik, Pierre Arsenault, Maurice Conway, Abhishek Kolay, Raymond Wong, Kartik Khanna and Joshua Payne of Kirkland & Ellis LLP acted legal advisors to Bain Capital, LP. Bc Asia Investments X Limited completed the acquisition of IIFL Wealth Management Limited (NSEI:IIFLWAM) from General Atlantic Singapore Fund Pte. Ltd managed by General Atlantic Service Company, L.P. and FIH Mauritius Investments Ltd on November 22, 2022. As a result of the closing of the transaction,Fairfax India’s share ownership in IIFL Wealth will be approximately 3.8% and r gross proceeds of approximately $172 million (approximately INR14.0 billion).

Neutral

IIFL Wealth Management Limited Proposes Alteration to Memorandum of Association

2022-11-15 10:14:00

IIFL Wealth Management Limited proposes change of name of the Company from `IIFL Wealth Management Limited' to `360 ONE Limited' or `360 ONE WAM Limited' or any other name as may be approved by the Central Registration Centre ("CRC") of Ministry of Corporate Affairs ("MCA") to align with the new brand and consequential alteration(s) to the Memorandum of Association and Articles of Association of the Company to give effect to the change of name of the Company, subject to the approval of shareholders of the Company by way of special resolution and other concerned regulatory authorities.

Neutral

IIFL Wealth Management Limited, Board Meeting, Nov 15, 2022

2022-11-15 10:03:00

IIFL Wealth Management Limited, Board Meeting, Nov 15, 2022. Agenda: To consider adoption of the new brand namely `360 ONE' and the sub-brands of the Company and its subsidiaries, as more detailed in the press release titled `Rebranding: IIFL Wealth & Asset Management is now 360 ONE'; to consider change of name of the Company from `IIFL Wealth Management Limited' to `360 ONE Limited' or `360 ONE WAM Limited' or any other name as may be approved by the Central Registration Centre ("CRC") of Ministry of Corporate Affairs ("MCA") to align with the new brand and consequential alteration(s) to the Memorandum of Association and Articles of Association of the Company to give effect to the change of name of the Company, subject to the approval of shareholders of the Company by way of special resolution and other concerned regulatory authorities; and to consider other matters.

Positive

IIFL Wealth Management Limited (NSEI:IIFLWAM) completed the acquisition of 91% equity stake in MAVM Angels Network Private Limited from its shareholders.

2022-11-15 00:00:00

IIFL Wealth Management Limited (NSEI:IIFLWAM) entered into Share Purchase and Shareholders Agreement to acquire 91% equity stake in MAVM Angels Network Private Limited from its shareholders for INR 420 million on July 25, 2022. Under the terms of agreement, the consideration shall be paid in cash and it includes any cash and cash equivalents on the balance sheet of MANPL on closing date. The SPSHA contains provisions pertaining to transfer of balance 9% (nine percent) shares by the other shareholder of MANPL inter-alia including right of first refusal, drag-along right and tag-along right. MANPL‘s turnover for the financial year 2021- 22 was INR 96.5 million. The Proposed Acquisition shall require prior approval of SEBI pursuant to SEBI (Alternative Investment Funds) Regulations, 2012. The transaction is expected to close in around 90 (ninety) days. IIFL Wealth Management Limited (NSEI:IIFLWAM) completed the acquisition of 91% equity stake in MAVM Angels Network Private Limited from its shareholders on November 15, 2022. MAVM Angels Network Private Limited has become a subsidiary of IIFL Wealth Management Limited.

Neutral

IIFL Wealth Management Limited Approves Alteration of the Articles of Association

2022-10-28 05:35:00

IIFL Wealth Management Limited at Extraordinary General Meeting held On October 27, 2022, approved the alteration of the articles of association of the company.

Positive

IIFL Wealth Management Limited, 17.0 (INR), Cash Dividend, Oct-28-2022

2022-10-19 19:52:00

IIFL Wealth Management Limited, 17.0 (INR), Cash Dividend, Oct-28-2022

Positive

IIFL Wealth Management Limited Announces Third Interim Dividend for the Financial Year 2022-23

2022-10-19 13:51:00

IIFL Wealth Management Limited announced the third interim dividend for the financial year 2022-23 of INR 17 (Rupees seventeen only) per equity share of the face value of INR 2/(Rupees two only) each and has fixed record date as October 31, 2022, for this purpose. The said interim dividend will be paid /dispatched on or before November 18, 2022, subject to applicable taxes.

Neutral

IIFL Wealth Management Limited, Special/Extraordinary Shareholders Meeting, Oct 20, 2022

2022-10-19 13:04:00

IIFL Wealth Management Limited, Special/Extraordinary Shareholders Meeting, Oct 20, 2022, at 11:00 Indian Standard Time. Agenda: To Increase the Borrowing limits of the Company; to Approve the offer/invitation to subscribe to Non-Convertible Debentures of the Company to be issued on private placement during the financial year 2022-23 aggregating up to INR 10,000 million.

Neutral

IIFL Wealth Management Limited to Report Q2, 2023 Results on Oct 19, 2022

2022-10-10 14:59:00

IIFL Wealth Management Limited announced that they will report Q2, 2023 results at 4:00 PM, Indian Standard Time on Oct 19, 2022

Neutral

IIFL Wealth Management Limited, Q2 2023 Earnings Call, Oct 20, 2022

2022-10-10 14:59:00

IIFL Wealth Management Limited, Q2 2023 Earnings Call, Oct 20, 2022

Neutral

IIFL Wealth Management Limited, Board Meeting, Oct 19, 2022

2022-10-10 14:59:00

IIFL Wealth Management Limited, Board Meeting, Oct 19, 2022, at 16:30 Indian Standard Time. Agenda: To consider and approve standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2022; and to consider declaration of third interim dividend, if any, for the financial year 2022-23, to the equity shareholders of the Company.

Neutral

IIFL Wealth Management Limited - Shareholder/Analyst Call

2022-10-04 10:51:00

EGM

Neutral

IIFL Wealth Management Limited, Special/Extraordinary Shareholders Meeting, Oct 27, 2022

2022-10-04 10:51:00

IIFL Wealth Management Limited, Special/Extraordinary Shareholders Meeting, Oct 27, 2022, at 16:00 Indian Standard Time. Agenda: To consider Alteration of the Articles of Association of the Company; and to consider matters on Approval for entering into proposed retention and profit sharing agreement.

Neutral

IIFL Wealth Management Limited, Board Meeting, Sep 30, 2022

2022-10-01 11:17:00

IIFL Wealth Management Limited, Board Meeting, Sep 30, 2022. Agenda: To approve the execution of an agreement between the Company, Mr. Karan Bhagat, Mr. Yatin Shah, General Atlantic Singapore Fund Pte. Ltd. ("Investor"), Mr. Nirmal Jain and Mr. Venkataraman Rajamani ("Termination Agreement") for the termination of the shareholders' agreement dated October 24, 2015 ("Shareholders' Agreement") vis-à-vis the Investor; to consider the appointment of directors pursuant to the Shareholders' Agreement and the Letter Agreement; and to consider other matters.

Neutral

IIFL Wealth Management Limited, Annual General Meeting, Sep 30, 2022

2022-09-08 09:17:00

IIFL Wealth Management Limited, Annual General Meeting, Sep 30, 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 Board's and Auditors' Reports thereon; to appoint a director in place of Mr. Sandeep Naik; to appoint a director in place of Mr. Shantanu Rastogi; to consider approval for formation of IIFL Wealth Employee Stock Options Scheme 2022 for the employees of the Company; and such other business issues.

Neutral

IIFL Wealth Management Limited - Shareholder/Analyst Call

2022-09-08 09:17:00

Annual General Meeting

Neutral

IIFL Wealth Management Limited Presents at 10th Annual Indian Wealth Management Forum 2022, Sep-07-2022

2022-08-23 08:55:00

IIFL Wealth Management Limited Presents at 10th Annual Indian Wealth Management Forum 2022, Sep-07-2022 . Speakers: Santoshi Kittur, Chief Technology Officer.

Neutral

Pacific Prospect Group Limited, 10th Annual Indian Wealth Management Forum 2022, Sep 07, 2022

2022-08-23 04:10:00

Pacific Prospect Group Limited, 10th Annual Indian Wealth Management Forum 2022, Sep 07, 2022.

Neutral

Emkay Global Financial Services Limited, Emkay Global Conference, Aug 10, 2022 through Aug 12, 2022

2022-08-03 08:23:00

Emkay Global Financial Services Limited, Emkay Global Conference, Aug 10, 2022 through Aug 12, 2022. Venue: Mumbai, Maharashtra, India.

Neutral

IIFL Wealth Management Limited Presents at Emkay Global Conference, Aug-11-2022

2022-08-01 00:00:00

IIFL Wealth Management Limited Presents at Emkay Global Conference, Aug-11-2022 . Venue: Mumbai, Maharashtra, India.

Neutral

Spark Capital Advisors (India) Private Limited, Spark Capital Investor Conference, Sep 05, 2022

2022-08-01 00:00:00

Spark Capital Advisors (India) Private Limited, Spark Capital Investor Conference, Sep 05, 2022. Venue: Grand Hyatt, Mumbai, Maharashtra, India.

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022

2022-08-01 00:00:00

Motilal Oswal Financial Services Limited, Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep 19, 2022. Venue: Grand Hyatt, Mumbai, India.

Neutral

IIFL Wealth Management Limited Presents at Spark Capital Investor Conference, Sep-05-2022

2022-08-01 00:00:00

IIFL Wealth Management Limited Presents at Spark Capital Investor Conference, Sep-05-2022 . Venue: Grand Hyatt, Mumbai, Maharashtra, India.

Neutral

IIFL Wealth Management Limited Presents at Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep-19-2022

2022-08-01 00:00:00

IIFL Wealth Management Limited Presents at Motilal Oswal 18th Annual Global Investor Conference, 2022, Sep-19-2022 . Venue: Grand Hyatt, Mumbai, India.

Positive

IIFL Wealth Management Limited, 15.0 (INR), Cash Dividend, Aug-01-2022

2022-07-25 20:40:00

IIFL Wealth Management Limited, 15.0 (INR), Cash Dividend, Aug-01-2022

Negative

IIFL Wealth Management Limited Announces A Second Interim Dividend for the Financial Year 2022-23, Payable on or before August 24, 2022

2022-07-25 14:00:00

IIFL Wealth Management Limited announced a second interim dividend for the financial year 2022-23 of INR 15/(Rupees fifteen only) per equity share of the face value of INR 2/(Rupees two only) each and has a fixed record date as August 2, 2022, for this purpose. The said interim dividend will be paid/dispatched on or before August 24, 2022, subject to applicable taxes.

Positive

IIFL Wealth Management Limited (NSEI:IIFLWAM) entered into Share Purchase and Shareholders Agreement to acquire MAVM Angels Network Private Limited from its shareholders for INR 420 million.

2022-07-25 00:00:00

IIFL Wealth Management Limited (NSEI:IIFLWAM) entered into Share Purchase and Shareholders Agreement to acquire 91% equity stake in MAVM Angels Network Private Limited from its shareholders for INR 420 million on July 25, 2022. Under the terms of agreement, the consideration shall be paid in cash and it includes any cash and cash equivalents on the balance sheet of MANPL on closing date. The SPSHA contains provisions pertaining to transfer of balance 9% (nine percent) shares by the other shareholder of MANPL inter-alia including right of first refusal, drag-along right and tag-along right. MANPL‘s turnover for the financial year 2021- 22 was INR 96.5 million. The Proposed Acquisition shall require prior approval of SEBI pursuant to SEBI (Alternative Investment Funds) Regulations, 2012. The transaction is expected to close in around 90 (ninety) days.

Negative

IIFL Wealth Management Appoints Nikunj Kedia as Head of Products

2022-06-29 13:47:00

IIFL Wealth Management announced Nikunj Kedia has been elevated to the role of head of products at the company. Kedia, who has been with IIFL Wealth since 2010, was instrumental in setting up the business in Kolkata, Chennai and Hyderabad besides being responsible for the offshore business based in Singapore. In his new role, Kedia will be responsible for third-party fund manager due diligence and selection, alternative investments and deal sourcing. Kedia started his career with American Express Financial Advisors and has close to two decades of experience in the financial services industry with a wide range of expertise in advisory and wealth management. Prior to joining IIFL Wealth Management, Nikunj had founded Park Financial Advisors, with a focus on fee-based financial planning, which was acquired by Karvy Private Wealth in 2009. Nikunj is an alumnus of Indian Institute of Management, Ahmedabad and has completed all three levels of the CFA curriculum. He also holds a degree in Computer Science from St Xavier's College, Kolkata.

Neutral

IIFL Wealth Management Limited, Q1 2023 Earnings Call, Jul 26, 2022

2022-06-29 10:41:00

IIFL Wealth Management Limited, Q1 2023 Earnings Call, Jul 26, 2022

Neutral

IIFL Wealth Management Limited to Report Q1, 2023 Results on Jul 25, 2022

2022-06-29 10:41:00

IIFL Wealth Management Limited announced that they will report Q1, 2023 results on Jul 25, 2022

Neutral

IIFL Wealth Management Limited, Board Meeting, Jul 25, 2022

2022-06-29 10:41:00

IIFL Wealth Management Limited, Board Meeting, Jul 25, 2022, at 16:30 Indian Standard Time. Agenda: To consider approve standalone and consolidated unaudited financial results for the quarter ended June 30, 2022.

Negative

IIFL Wealth Management Limited Appoints Ms. Santoshi Kittur as CTO

2022-06-14 18:35:00

IIFL Wealth and Asset Management (IIFL WAM) announced the appointment of Ms. Santoshi Kittur as Chief Technology Officer. Santoshi joins the leadership team at the Wealth and Alternates market leader as the company looks at accelerating technological innovation in its next stage of growth. In this role, Santoshi will be accountable for visioning, formulating and implementing the technology, and security strategies, and ensuring that the firm's technology capabilities enable growth and differentiation. Prior to joining IIFL WAM, she was Managing Director with PriceWaterhouseCoopers and part of the leadership team at the Acceleration Center in Bangalore. In her career spanning around 25 years, she has served global majors McKinsey and Co., Gartner Consulting and Infosys on technology strategy, market and product strategy, pricing and innovation. She has lived and worked across the globe, including Sydney, Singapore and London. A seasoned entrepreneur with profitable exits to her credit, Santoshi has been deemed among the Leading Women in Tech and Diversity & Inclusion leaders. Santoshi holds a Bachelor's degree in Electronics & Communication Engineering from Karnatak University, Dharwad. She also has a PGDBA and Advanced Diploma in Business Finance from IBS.

Positive

IIFL Wealth Management Limited, 20.0 (INR), Cash Dividend, Jun-01-2022

2022-05-26 19:24:00

IIFL Wealth Management Limited, 20.0 (INR), Cash Dividend, Jun-01-2022

Positive

IIFL Wealth Management Limited Announces First Interim Dividend for the Financial Year 2023

2022-05-25 13:25:00

IIFL Wealth Management Limited announces first interim dividend for the financial year 2022-23 of INR 20 per equity share of the face value of INR 2 each and has fixed record date as June 2, 2022, for this purpose. The said interim dividend will be paid /dispatched on or before, June 23, 2022, subject to applicable taxes.

Neutral

Kotak Institutional Equities, Kotak Institutional Equities India BFSI Forum 2022, May 23, 2022

2022-05-16 12:05:00

Kotak Institutional Equities, Kotak Institutional Equities India BFSI Forum 2022, May 23, 2022.

Neutral

UBS (India) Private Limited, UBS India MidCap Virtual Conference 2022, May 25, 2022

2022-05-16 12:05:00

UBS (India) Private Limited, UBS India MidCap Virtual Conference 2022, May 25, 2022.

Neutral

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022

2022-05-16 12:05:00

Motilal Oswal Financial Services Limited, Motilal Oswal Annual India Ideation Conference, Jun 08, 2022. Venue: Mumbai , Maharashtra, India.

Neutral

IIFL Wealth Management Limited Presents at Kotak Institutional Equities India BFSI Forum 2022, May-23-2022

2022-05-16 12:05:00

IIFL Wealth Management Limited Presents at Kotak Institutional Equities India BFSI Forum 2022, May-23-2022 .

Neutral

IIFL Wealth Management Limited Presents at UBS India MidCap Virtual Conference 2022, May-25-2022

2022-05-16 12:05:00

IIFL Wealth Management Limited Presents at UBS India MidCap Virtual Conference 2022, May-25-2022 .

Neutral

IIFL Wealth Management Limited Presents at Motilal Oswal Annual India Ideation Conference, Jun-09-2022

2022-05-16 12:05:00

IIFL Wealth Management Limited Presents at Motilal Oswal Annual India Ideation Conference, Jun-09-2022 . Venue: Mumbai , Maharashtra, India.

Neutral

IIFL Wealth Management Limited, Board Meeting, May 25, 2022

2022-05-04 13:45:00

IIFL Wealth Management Limited, Board Meeting, May 25, 2022. Agenda: To consider and approve alteration of articles of association; and to consider declaration of first interim dividend for the financial year 2022-23, if any, to the equity shareholders of the Company.

Negative

IIFL Wealth Management Limited Appoints Anupama Sharma as Executive Director of Wealth Business

2022-05-03 13:48:00

IIFL Wealth Management announced the appointment of Anupama Sharma as executive director of the wealth business. According to the company, Sharma will play a key role in the firm's growth strategy of further expanding wealth operations, especially in the West and will report to Yatin Shah, co-founder and joint CEO, IIFL Wealth. The firm said that Sharma has more than two decades of experience with a wide range of expertise in the wealth advising and wealth management divisions. Prior to joining IIFL Wealth and Asset Management, she was an executive director and regional business manager at Kotak Mahindra Bank.

Neutral

IIFL Wealth Management Limited, Q4 2022 Earnings Call, May 05, 2022

2022-04-13 13:13:00

IIFL Wealth Management Limited, Q4 2022 Earnings Call, May 05, 2022

Neutral

IIFL Wealth Management Limited to Report Q4, 2022 Results on May 04, 2022

2022-04-13 13:13:00

IIFL Wealth Management Limited announced that they will report Q4, 2022 results on May 04, 2022

Neutral

IIFL Wealth Management Limited, Board Meeting, May 04, 2022

2022-04-13 13:13:00

IIFL Wealth Management Limited, Board Meeting, May 04, 2022, at 16:30 Indian Standard Time. Agenda: To consider and approve standalone and consolidated audited financial results and audited financial statements for the quarter and financial year ended March 31, 2022; and to consider and approve alteration of articles of association of the Company.

Positive

Bc Asia Investments X Limited entered into a share purchase agreement to acquire IIFL Wealth Management Limited (NSEI:IIFLWAM) from General Atlantic Singapore Fund Pte. Ltd managed by General Atlantic Service Company, L.P. and FIH Mauritius Investments Ltd. for INR 36.8 billion.

2022-03-31 00:00:00

Bc Asia Investments X Limited entered into an Share purchase agreement to acquire IIFL Wealth Management Limited (NSEI:IIFLWAM) from General Atlantic Singapore Fund Pte. Ltd managed by General Atlantic Service Company, L.P. and FIH Mauritius Investments Ltd. for INR 36.8 billion on March 30, 2022. Bain Capital will acquire 22.1 million equity shares of IIFL Wealth Management, for INR 1,661 per share. The transaction is subject to regulatory and other customary approvals. On June 14, 2022, Competition Commission of India (CCI) on Tuesday approved the acquisition of the stake in IIFL Wealth Management (IIFLWM) by BC Asia Investments X LtdOn September 30, 2022, IIFL conduct a board meeting where it approved the execution of an agreement between Karan Bhagat, Yatin Shah, General Atlantic Singapore Fund Pte. Ltd. (“Investor”), Nirmal Jain and Venkataraman Rajamani (“Termination Agreement”) for the termination of the shareholders’ agreement (“Shareholders’ Agreement”) vis-à-vis the Investor. The Termination Agreement shall be effective from the completion of the purchase of an aggregate of 22,155,000 shares by Bain capital. J.P. Morgan India Private Limited acted as financial advisor to General Atlantic Service Company, L.P. and FIH Mauritius Investments Ltd. Axis Capital Limited acted as financial advisor to Bain Capital, LP. NovaDhruva Capital Pvt. Ltd. acted as financial advisor to Bain Capital, LP. Srishti Goyal and Soumitra Nikhra of AZB & Partners acted as a legal counsel to Bain Capital, LP. Srinivas Kaushik, Pierre Arsenault, Maurice Conway, Abhishek Kolay, Raymond Wong, Kartik Khanna and Joshua Payne of Kirkland & Ellis LLP acted legal advisors to Bain Capital, LP.

Negative

IIFL Wealth and Asset Management Appoints Aakash Desai as Head of Private Credit

2022-02-08 14:10:00

IIFL Wealth and Asset Management on announced the appointment of Aakash Desai as head of private credit at IIFL Asset Management. In this role, Desai will spearhead the private credit practice, and will be responsible for identifying growth opportunities to augment scale and profitability in the business. Prior to joining IIFL AMC, Desai has built and led businesses for over 20 years in Clix Capital (erstwhile GE Capital), Standard Chartered Bank and ICICI Bank, India and ICICI Bank, UK.

Neutral

Spark Capital Partners, LLC, BFSI focused virtual Investors Conference, Feb 09, 2022

2022-02-07 09:23:00

Spark Capital Partners, LLC, BFSI focused virtual Investors Conference, Feb 09, 2022.

Neutral

IIFL Wealth Management Limited Presents at BFSI focused virtual Investors Conference, Feb-09-2022

2022-02-07 09:23:00

IIFL Wealth Management Limited Presents at BFSI focused virtual Investors Conference, Feb-09-2022 .

Neutral

IIFL Wealth Management Limited Presents at Axis Capital India Conference, Feb-14-2022

2022-02-07 09:23:00

IIFL Wealth Management Limited Presents at Axis Capital India Conference, Feb-14-2022 .

Neutral

IIFL Wealth Management Limited Revises Earnings Guidance for the Fiscal Year 2022 and 2023 and Provides Earnings Guidance for the Fiscal Year 2024

2022-02-02 14:28:00

IIFL Wealth Management Limited revised earnings guidance for the fiscal year 2022 and 2023 and provides earnings guidance for the fiscal year 2024. For the year 2022, the company expects total revenue of INR 15,200 million and profit after tax of INR 5,700 million. For the year 2023, the company expects total revenue of INR 16,600 million and profit after tax of INR 7,000 million. For the year 2024, the company expects total revenue of INR 19,400 million and profit after tax of INR 8,400 million.

Neutral

Axis Capital Limited, Axis Capital India Conference, Feb 14, 2022 through Feb 18, 2022

2022-02-02 10:55:00

Axis Capital Limited, Axis Capital India Conference, Feb 14, 2022 through Feb 18, 2022.

Neutral

IIFL Wealth Management Limited, Board Meeting, Feb 02, 2022

2022-01-10 09:50:00

IIFL Wealth Management Limited, Board Meeting, Feb 02, 2022, at 16:30 Indian Standard Time. Agenda: TO consider and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2021.

Neutral

IIFL Wealth Management Limited, Q3 2022 Earnings Call, Feb 03, 2022

2022-01-10 09:50:00

IIFL Wealth Management Limited, Q3 2022 Earnings Call, Feb 03, 2022

Neutral

IIFL Wealth Management Limited to Report Q3, 2022 Results on Feb 02, 2022

2022-01-10 07:48:00

IIFL Wealth Management Limited announced that they will report Q3, 2022 results on Feb 02, 2022

Fundamental Summary

IIFL Wealth Management released impressive Q1 results on 2022-05-04. Their growth and value factors indicate a well-executed and balanced strategy, which is generating exciting growth. This relative strength should allow IIFL Wealth Management to continue to perform well even in a tough market. Therefore, they earned a total score of 83 out of 100 and a BUY recommendation.

IIFL Wealth Management reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported revenue was INR 4,686.8 million compared to INR 4,252.6 million a year ago. Net income was INR 1,565.8 million compared to INR 1,168.6 million a year ago. Basic earnings per share from continuing operations was INR 17.65 compared to INR 13.29 a year ago. Diluted earnings per share from continuing operations was INR 17.42 compared to INR 13.12 a year ago.

Sector Overview

IIFL Wealth Management 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. IIFL Wealth Management'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
Price to Book 4.9 11.5% 73
Equity 30.0B 6.0% 62
EBITDA 11.7B 6.4% 86
Parameter Value Change Score
Total Revenues 20.8B 7.7% 50
Return on Equity 19.8 9.2% 83
* All values are TTM

The below chart reflects IIFL Wealth Management'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 IIFL Wealth Management's peer average final assessment score stands on 72, IIFL Wealth Management's score is 83.

  •  IIFLWAM
  •  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
Central Depository Services (India) Limited 129.4B 79 81 55
Buy
83
83 4 1
Aditya Birla Sun Life AMC Limited 125.0B 86 60 73
Buy
79
79 5 1
Motilal Oswal Financial Services Limited 98.0B 86 75 81
Strong Buy
89
89 6 1
Multi Commodity Exchange of India Limited 79.7B 70 48 76
Hold
62
62 7 1
BSE Limited 78.2B 79 71 83
Buy
83
83 8 1
Edelweiss Financial Services Limited 60.0B 81 65 86
Hold
76
76 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 IIFL Wealth Management 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 IIFL Wealth Management 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 IIFL Wealth Management 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. IIFL Wealth Management'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), IIFL Wealth Management's stock appears overbought. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 73.

Bullish 73
Close Price 1828.55
52W Low 1281.2
52W High 1894.8
5D MA 1816.38
50D MA 1804.52
200D MA 1652.5
MACD 6.25
RSI 95.52
STOCH 66.76

Balance Sheet Analysis

All in all, looking at the balance sheet, IIFL Wealth Management's financial health appears good. IIFL Wealth Management's balance sheet neither stood out as being particularly strong or weak relative to its peers. IIFL Wealth Management is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 77.4B, representing nan% change from the previous period. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. The company's liabilities movement component, therefore, received a grade of 94. Also, IIFL Wealth Management's management was effective in improving its cash and cash equivalents metrics, which now sit at 10.2B. This represents nan% change from the last reporting period. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's cash and cash equivalents movement, therefore, received a grade of 87. That said, one metric, Assets, stood out as strongly negative. IIFL Wealth Management's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 107.4B and represents a nan% change from the previous report. IIFL Wealth Management's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on IIFL Wealth Management's stock price. Therefore, their asset component earned a score of 43. Therefore, we scored the company's balance sheet a 75.

Parameter Value Change Score
Price to Book 4.9 11.5% 73
Equity 30.0B 6.0% 62
* All values are TTM

The below chart describes IIFL Wealth Management's performance as reflected on its balance sheet with respect to its peers. While IIFL Wealth Management received a balance sheet score of 75, the average of its peers stands on 73.

  •  IIFLWAM
  •  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
Central Depository Services (India) Limited 129.4B 78.0 52.0 73.0 83.0 78.0 79 4 1
Aditya Birla Sun Life AMC Limited 125.0B 43.0 51.0 94.0 91.0 91.0 86 5 1
Motilal Oswal Financial Services Limited 98.0B 85.0 53.0 48.0 80.0 88.0 86 6 1
Multi Commodity Exchange of India Limited 79.7B 85.0 75.0 73.0 41.0 61.0 70 7 1
BSE Limited 78.2B 87.0 56.0 90.0 76.0 70.0 79 8 1
Edelweiss Financial Services Limited 60.0B 49.0 59.0 73.0 59.0 79.0 81 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

Overall, IIFL Wealth Management's critical income statement metrics appear to strongly support positive growth going forward. IIFL Wealth Management's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 11.7B, which represents a 6.4% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 14.5%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 86. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. IIFL Wealth Management management did an underwhelming job managing revenue efficiency this past period. IIFL Wealth Management's revenue efficiency is 20.8B according to the metrics in the current filing, which represents a 7.7% change from the previous report. This metric might have a 5.6 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Consequently, their revenue efficiency received a grade of 50. Therefore, we scored its income statement a 84.

Parameter Value Change Score
EBITDA 11.7B 6.4% 86
Total Revenues 20.8B 7.7% 50
Return on Equity 19.8 9.2% 83
* All values are TTM

The below chart describes IIFL Wealth Management's performance as reflected on its income statement with respect to its peers. While IIFL Wealth Management received a income statement score of 84 , the average of its peers stands on 71.

  •  IIFLWAM
  •  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
Central Depository Services (India) Limited 129.4B 47.0 86.0 79.0 81 4 1
Aditya Birla Sun Life AMC Limited 125.0B 81.0 52.0 57.0 60 5 1
Motilal Oswal Financial Services Limited 98.0B 43.0 68.0 93.0 75 6 1
Multi Commodity Exchange of India Limited 79.7B 45.0 65.0 50.0 48 7 1
BSE Limited 78.2B 59.0 69.0 78.0 71 8 1
Edelweiss Financial Services Limited 60.0B 83.0 70.0 62.0 65 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, using IIFL Wealth Management's published numbers as indicators of management's priorities and execution, there is a high likelihood of continued cash flow mediocrity going into the upcoming quarters. IIFL Wealth Management's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -163.8M, which represents a nan% change from the last period. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 91. Also, IIFL Wealth Management's strong net cash flow numbers, which were 519.2M in this filing, showed a nan% change from the last period. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. The company's net cash flow, therefore, received a grade of 70. However, one discouraging result, Free Cash flow, stood out. IIFL Wealth Management did a poor job related to generating and maintaining strong free cash flow this period, which stood at 103.3, representing a nan% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 7.6 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 41. Therefore, its cash flow earned a grade of 64.

Parameter Value Change Score
* All values are TTM

The below chart describes IIFL Wealth Management's performance as reflected on its cash flow with respect to its peers. While IIFL Wealth Management received a cash flow score of 64, the average of its peers stands on 62.

  •  IIFLWAM
  •  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
Central Depository Services (India) Limited 129.4B 72.0 50.0 43.0 45.0 55 4 1
Aditya Birla Sun Life AMC Limited 125.0B 73.0 83.0 53.0 89.0 73 5 1
Motilal Oswal Financial Services Limited 98.0B 68.0 63.0 81.0 93.0 81 6 1
Multi Commodity Exchange of India Limited 79.7B 88.0 47.0 72.0 46.0 76 7 1
BSE Limited 78.2B 77.0 54.0 81.0 89.0 83 8 1
Edelweiss Financial Services Limited 60.0B 81.0 53.0 71.0 87.0 86 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

This report, prepared and provided by Deshe Labs Ltd ("Deshe"), is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used, construed, or considered as financial or investment advice, an offer, a solicitation of any offer, a recommendation, or an offer to invest in, sell or buy the securities mentioned in this report or other form of a financial asset or as a marketing communication under FCA Rules. For the full disclaimer, click here.