Profitability: Very strong Profitability. One year profit margin are 23%.
Momentum: Stock price has a strong positive momentum. Stock is up 10.2% in last 30 days.
Balance Sheet: Reasonably good balance sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
No major cons observed.
Valuation | |
|---|---|
| Market Cap | 9.76 kCr |
| Price/Earnings (Trailing) | 16.92 |
| Price/Sales (Trailing) | 3.87 |
| EV/EBITDA | 8.86 |
| Price/Free Cashflow | 12.86 |
| MarketCap/EBT | 12.76 |
| Enterprise Value | 9.03 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 2.52 kCr |
| Rev. Growth (Yr) | 11.5% |
| Earnings (TTM) | 576.55 Cr |
| Earnings Growth (Yr) | -4.8% |
Profitability | |
|---|---|
| Operating Margin | 30% |
| EBT Margin | 30% |
| Return on Equity | 20.48% |
| Return on Assets | 6.34% |
| Free Cashflow Yield | 7.78% |
Growth & Returns | |
|---|---|
| Price Change 1W | 9.7% |
| Price Change 1M | 10.2% |
| Price Change 6M | -7.9% |
| Price Change 1Y | 44.2% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -176.96 Cr |
| Cash Flow from Operations (TTM) | 870.89 Cr |
| Cash Flow from Financing (TTM) | -490.01 Cr |
| Cash & Equivalents | 729.66 Cr |
| Free Cash Flow (TTM) | 822.7 Cr |
| Free Cash Flow/Share (TTM) | 26.54 |
Balance Sheet | |
|---|---|
| Total Assets | 9.09 kCr |
| Total Liabilities | 6.28 kCr |
| Shareholder Equity | 2.81 kCr |
| Net PPE | 207.21 Cr |
| Inventory | 0.00 |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 3.02 |
| Interest/Cashflow Ops | 5.94 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 3 |
| Dividend Yield | 0.96% |
Investor Care | |
|---|---|
| Dividend Yield | 0.96% |
| Dividend/Share (TTM) | 3 |
| Earnings/Share (TTM) | 18.56 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 61.52 |
| RSI (5d) | 75.53 |
| RSI (21d) | 49.94 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Sell |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of IIFL CAPITAL SERVICES's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management has offered a cautiously optimistic outlook for IIFL Capital Services Limited, emphasizing the resilience of the Indian economy amid a challenging global environment. The Managing Director, R. Venkataraman, highlighted the macroeconomic stability supported by fiscal and monetary policies and noted the RBI's GDP growth projection of 7.4%, reflecting confidence in domestic demand. However, global trade uncertainties and market volatility pose potential risks.
For the quarter, consolidated operational revenues were INR 586 crores, stable compared to both the previous quarter and last year. The breakdown revealed:
Expenses increased with employee costs reaching INR 175 crores due to provisioning and a one-time labor law charge. Operational profit before tax decreased by 27% to INR 119 crores, primarily due to rising costs.
In response to inquiries about the wealth management division, management expects it to move closer to break-even by next fiscal year. They currently have 470 relationship managers (RMs) and anticipate adding 10-15 more by the end of FY '26, amidst competitive recruitment challenges.
Management noted continued investments in technology and branding, with the financial products mix maintaining a target ratio of 60/40 in favor of TBR assets. Overall, while the company's performance shows signs of stability, the management remains vigilant regarding external market uncertainties.
Question 1: How many RMs did you add this quarter? And when do you think the wealth management business will break even and become profitable?
Answer: Regarding the wealth management business, we're still investing and currently facing losses. However, I expect that by next year we should get closer to breaking even. As for RMs, we've faced challenges in recruitment. We added about 2-3 RMs this quarter in the wealth space, and overall, we currently have around 470 RMs combined between wealth and our existing Private Client Group.
Question 2: By the year end, how many RMs do you see adding?
Answer: Looking ahead to the end of FY '26, we anticipate adding maybe another 10-15 RMs. Beyond that, I don't expect significant additions in the next couple of months due to the competitive recruitment landscape.
Question 3: Comments on the distribution assets' mix, particularly the shift towards TBR rather than ARR?
Answer: The mix between TBR and ARR has generally been around 60/40. We've seen an increase in fixed income allocation recently, pushing us closer to a 65/35 position. For now, I believe the balance will stabilize back to the 60-40 range moving forward.
Question 4: Can you provide the split between Institutional and Investment Banking income?
Answer: Last quarter, our institutional income was about INR 100 crores, contributing to the total of INR 160 crores. The broking income from this institutional segment stood similarly at around INR 100 crores.
Question 5: What is the yield on broking income for institutional and retail?
Answer: Unfortunately, I don't have that yield data readily available for institutional broking income at the moment. I can definitely reach out to you offline to provide you with that information and discuss it further if needed.
Analysis of IIFL CAPITAL SERVICES's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Capital market activity | 75.9% | 551.7 Cr |
| Facilities and ancillary | 13.9% | 101.1 Cr |
| Insurance broking and ancillary | 10.2% | 73.8 Cr |
| Total | 726.6 Cr |
Understand IIFL CAPITAL SERVICES ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Fih Mauritius Investments Ltd | 27.23% |
| Nirmal Bhanwarlal Jain | 15.11% |
| Bank Muscat India Fund | 4.05% |
| Madhu N Jain | 3.88% |
| Venkataraman Rajamani | 3.6% |
| Hwic Asia Fund Class A Shares | 3.33% |
| Mansukhlal Jain & Pritesh Mehta (in their capacity as Trustee of Nirmal Madhu Family Private Trust) | 3.22% |
| Aditi Avinash Athavankar (in the capacity as Trustee of Kalki Family Private Trust) | 2.9% |
| Theleme India Master Fund Limited | 2.78% |
| Orpheus Trading Pvt Ltd | 1.29% |
| Abakkus Growth Fund-1 | 1.24% |
| Zafar Ahmadullah | 1.16% |
| Ardent Impex Pvt Ltd | 0.87% |
| Aditi Athavankar | 0.06% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of IIFL CAPITAL SERVICES against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|
IIFL Capital Services Limited provides capital market services in the primary and secondary markets in India. The company offers equity, commodities, and currency broking; depository participant services, mutual funds, bonds; broking, corporate access, and research support services; investment and trading across asset classes, including equity, commodity, derivatives, currency, margin trading funding. It also provides investment banking services consisting of initial public offerings, qualified institutional placement, right issues, preferential placement, follow-on public offer, share buybacks, tender offers, and delisting services; and advisory services for private equity placements, and mergers and acquisitions. In addition, the company distributes third-party financial products, such as mutual funds, insurance, portfolio management services, alternate investment funds, fixed income, and healthcare products. Further, it provides in-depth insight for asset allocation, market dynamics, wealth management, and investment strategies; and operates a mobile trading application under the IIFL Markets brand name. It serves retail, mass affluent, wealth investors, domestic and foreign institutional investors, sovereign wealth funds, international portfolio investors, mutual funds, insurance companies, banks, pension funds, non-resident individuals, high net worth individuals, alternate investment funds, and corporates. The company was formerly known as IIFL Securities Limited and changed its name to IIFL Capital Services Limited in November 2024. IIFL Capital Services Limited was incorporated in 1996 and is based in Mumbai, India.
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