MarketFriction

IL&FS Investment Managers Ltd

NSE IVC · BSE 511208 · Asset Management Company
₹7.81 +0.13%
NSE close2026-10-01
52 week range6.02 - 10.99
Market cap₹242 Cr.
P/E59.4
ASM long-term Price band 20% Delivery 75.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales11.6313.8113.187.775.208.527.585.807.176.7335.218.17
Expenses13.0214.3810.3611.865.339.096.338.406.0811.3631.439.69
Operating Profit-1.39-0.572.82-4.09-0.13-0.571.25-2.601.09-4.633.78-1.52
OPM %-11.95%-4.13%21.40%-52.64%-2.50%-6.69%16.49%-44.83%15.20%-68.80%10.74%-18.60%
Other Income3.212.953.422.193.455.227.453.093.871.842.674.46
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.050.080.080.070.060.060.050.050.040.040.050.06
Profit before tax1.772.306.16-1.973.264.598.650.444.92-2.836.402.88
Tax %1.13%3.04%19.48%88.83%54.60%19.17%-46.47%45.45%29.88%3.18%38.28%57.64%
Net Profit1.752.284.94-3.721.593.7012.680.233.53-2.933.961.21
EPS in Rs0.070.040.15-0.110.030.100.390.030.09-0.060.070.06
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales189.00110.78115.65100.8744.8656.8756.3475.1065.0044.0164.4757.28
Expenses95.5684.6883.4473.7267.9048.4741.9656.8950.5731.8856.4458.56
Operating Profit93.4426.1032.2127.15-23.048.4014.3818.2114.4312.138.03-1.28
OPM %49.44%23.56%27.85%26.92%-51.36%14.77%25.52%24.25%22.20%27.56%12.46%-2.23%
Other Income1.764.395.88-25.583.801.761.093.601.422.751.1612.84
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation20.4316.6111.519.410.610.310.210.190.250.250.190.19
Profit before tax74.7713.8826.58-7.84-19.859.8515.2621.6215.6014.639.0011.37
Tax %24.96%50.72%33.56%74.36%-0.86%2.84%14.09%21.37%22.76%2.67%46.89%
Net Profit56.116.8517.67-13.67-19.689.5713.1217.0012.0514.254.785.77
EPS in Rs1.790.200.49-0.48-0.440.250.250.380.320.420.120.16
Dividend Payout %67.20%307.39%123.64%-62.73%-135.95%119.87%161.26%209.72%217.44%66.87%569.52%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-10%3%-5%111%
Compounded Profit Growth-23%-13%-31%-77%
Stock Price CAGR-6%5%-1%-4%
Return on Equity2%5%4%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital62.8162.8162.8162.8162.8162.8162.8162.8162.8162.8162.8162.81
Reserves301.73333.86246.08205.09176.95159.59146.90147.92153.61139.58142.31127.95
Borrowings0.000.000.000.000.000.000.000.000.000.000.000.00
Other Liabilities92.2182.1151.3455.2257.5640.2540.0744.1350.5846.9934.2353.17
Total Liabilities456.75478.78360.23323.12297.32262.65249.78254.86267.00249.38239.35243.93
Fixed Assets141.77133.6719.889.560.960.530.420.280.390.470.400.30
CWIP0.000.100.320.000.000.000.000.000.000.000.000.00
Investments143.79131.2296.7376.4184.7561.6541.3231.8871.2561.6850.4177.32
Other Assets171.19213.79243.30237.15211.61200.47208.04222.70195.36187.23188.54166.31
Total Assets456.75478.78360.23323.12297.32262.65249.78254.86267.00249.38239.35243.93
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity98.8592.0528.29-3.8075.22-22.5910.746.43-0.48-6.10-8.9021.42
Cash from Investing Activity-37.6822.9338.25-12.62-44.6142.30-8.24-12.17-29.2429.5520.651.42
Cash from Financing Activity-46.14-46.56-41.11-19.53-19.71-9.92-18.84-9.42-16.09-27.72-21.98-25.53
Net Cash Flow15.0368.4125.43-35.9510.909.79-16.34-15.16-45.81-4.27-10.23-2.69
Free Cash Flow97.8490.5630.46-4.6975.12-22.6910.546.36-0.71-6.43-9.0221.29
CFO/OP120%121%150%28%313%93%128%61%58%-27%-39%326%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days187.95157.61261.81278.7899.0081.1275.9958.3183.25112.59112.6365.45
Inventory Days
Days Payable
Cash Conversion Cycle187.95157.61261.81278.7899.0081.1275.9958.3183.25112.59112.6365.45
Working Capital Days64.8338.47209.88381.35109.53167.0482.8691.28102.60153.86282.15256.86
ROCE %27.63%19.47%3.25%8.70%7.99%-8.07%4.30%6.74%9.24%6.80%6.53%4.11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%50.42%
FIIs0.00%0.00%0.00%0.38%0.00%0.02%0.00%0.06%0.00%0.04%0.00%0.00%
Public49.57%49.59%49.59%49.20%49.58%49.56%49.58%49.52%49.58%49.53%49.57%49.57%
No. of Shareholders63,98772,90678,24981,25788,92998,6721,02,2161,03,3281,03,6501,04,0871,02,9011,01,714

Fundamentals

Market Cap₹ 242 Cr.
Current Price₹ 7.68
Stock P/E59.4
Book Value₹ 6.07
ROCE4.11 %
ROE1.95 %
Dividend Yield15.6 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)111%
Compounded Profit Growth (TTM)-77%
Consolidated figures.
Valuation
Market capRs 245 Cr
Enterprise valueRs 160 Cr
P/E (TTM)49.85x
Price to book1.29x
Price to sales4.28x
EV / EBITDA13.86x
EV / EBIT14.09x
EV / sales2.80x
Price to cash flow11.45x
Earnings yield2.01%
Dividend yield8.96%
P/E, 3-year average33.69x
P/B, 3-year average1.28x
P/E, 5-year average28.71x
P/B, 5-year average1.14x
Profitability
Operating margin (excl. other income)12.46%
Operating margin (incl. other income)14.25%
EBITDA margin20.18%
Pre-tax margin19.85%
Net profit margin8.59%
Net margin, latest quarter23.75%
ROE1.95%
ROCE4.55%
ROA1.60%
ROE, 3-year average4.41%
ROCE, 3-year average6.39%
ROA, 3-year average3.63%
ROE, 5-year average4.51%
ROCE, 5-year average7.31%
ROA, 5-year average3.71%
ROIC (approx.)5.71%
Tax rate46.89%
Other income / net worth0.61%
Growth
Sales growth (latest year)46.49%
Profit growth (latest year)-70.65%
Sales CAGR, 3 years-4.96%
Sales CAGR, 5 years2.54%
Profit CAGR, 3 years-31.44%
Profit CAGR, 5 years-13.26%
Sales growth QoQ-76.80%
Profit growth QoQ-12.61%
Sales growth YoY (latest quarter)40.86%
Profit growth YoY (latest quarter)120.45%
Per share
EPS (TTM)Rs 0.16
EPS (latest year)Rs 0.12
EPS (latest quarter)Rs 0.06
EPS, 3-year averageRs 0.29
EPS, 5-year averageRs 0.30
Book value per shareRs 6.07
Sales per shareRs 1.82
Cash flow per shareRs 0.68
Free cash flow per shareRs 0.68
Dividend per share (latest year)Rs 0.70
Dividend per share, 3-year averageRs 0.56
Dividend per share, 5-year averageRs 0.58
Dividends
Dividend payout569.43%
Dividend payout, 3-year average284.56%
Dividend payout, 5-year average244.92%
Efficiency
Asset turnover0.26x
Fixed asset turnover214.90x
Debtor days65 days
Debtors turnover5.58x
Cash conversion cycle65 days
Working capital days257 days
Leverage
Cash and bankRs 85 Cr
Net debtRs -85 Cr
Net debt / EBITDA-7.36x
Owners' fund to total sources78.20%
Cash flow
Cash from Operating Activity (latest year)Rs 21 Cr
Cash from Investing Activity (latest year)Rs 1 Cr
Cash from Financing Activity (latest year)Rs -26 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs 21 Cr
Cash from ops / profit, 5 years0.20x
Sales to cash flow3.01x
Statement figures
Net sales (TTM)Rs 57 Cr
Net sales (latest year)Rs 64 Cr
Sales (latest quarter)Rs 8 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 12 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 11 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 56 Cr
Total income (latest year)Rs 66 Cr
Share capitalRs 63 Cr
ReservesRs 128 Cr
Shareholders' fundsRs 191 Cr
Total assetsRs 244 Cr
Net blockRs 0 Cr
InvestmentsRs 77 Cr
ReceivablesRs 12 Cr
Other liabilitiesRs 53 Cr
Shares outstanding (crore)31.40
Ownership
Promoter holding50.42% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 49.9 is at the 79th percentile of its own 7.4-year range (median 28.6, low 8.9, high 160.6).
P/B 1.29 is at the 60th percentile (median 1.15).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIVCNifty 50Difference
1 week+1.4%-2.8% +4.2 pts
1 month-16.2%-6.8% -9.4 pts
3 months-3.5%-7.6% +4.2 pts
6 months+25.2%+0.4% +24.8 pts
1 year-5.0%-9.9% +4.9 pts
2 years-34.3%-13.6% -20.7 pts
3 years-1.1%+14.2% -15.3 pts
5 years+33.5%+27.9% +5.6 pts

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was 24% of net profit over the last 3 years
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹8 Cr +40.9% vs Jun 2025. Net profit ₹1 Cr +426.1%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
ICICI Prudential Asset Management Co Ltd159,79445.8115 %
SBI Funds Management Ltd105,46734.056.5 %
HDFC Asset Management Company Ltd95,39632.342.9 %
Nippon Life India Asset Management Ltd68,35641.843.8 %
Aditya Birla Sun Life AMC Ltd27,66127.432.2 %
UTI Asset Management Company Ltd11,28121.115.6 %
Canara Robeco Asset Management Company Ltd4,44920.440.1 %
Gaja Alternative Asset Management Ltd1,98023.017.0 %
Shriram Asset Management Co Ltd446-18.8 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-15Dividend - Re 0.70 Per Share
2025-11-21Interim Dividend - Rs 0.50 Per Share
2025-09-12Dividend - Re 0.28 Per Share
2024-08-23Annual General Meeting/Dividend - Re 0.70 Per Share
2023-08-17Annual General Meeting/Dividend - Re 0.80 Per Share
2022-08-29Annual General Meeting/Dividend - Rs 0.40 Per Share
2021-09-21 Annual General Meeting/Dividend - Rs 0.30 Per Share
2020-11-02 Annual General Meeting/Dividend - Rs 0.60 Per Sh
2019-09-23 Dividend - Rs 0.30 Per Share
2018-08-20 Dividend- Re 0.60 Per Share
2017-08-29 Dividend - Re 0.60 Per Share
2016-07-29 Dividend - Rs 1.20/- Per Share
2015-08-05Dividend - Rs 1.30/- Per Share
2014-07-30Annual General Meeting/Dividend-Rs.1.30 Per Share
2013-12-26Bonus 1:20.6667
2013-07-08Annual General Meeting / Dividend Rs.1.50 Per Share
2012-07-10Annual General Meeting / Dividend Rs.1.50 Per Share
2011-07-13Dividend-Rs.1.50 Per Share
2010-07-02Dividend-Rs.1.50 Per Share
2009-09-16Fv Split Rs.10/- To Rs.2/0.2000
2009-06-30Agm/Div-Rs.7/- Per Share
2008-07-28Bonus - 1:20.6667
2008-06-18Agm/Dividend - 55%
2007-08-24Agm/Dividend-40%
2006-06-23Agm / Div-35% / Bonus 1:20.6667
DateTypeWhat it says
2026-09-23Shareholder meetingVoting results.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-08-27Record DateRecord date for the purpose of Dividend is 15-Sep-2026.
2026-08-27Shareholder meetingNotice of Annual General Meeting to be held on September 22, 2026. The Record Date for Final Dividend and Cut-off date for remote e-voting is Septembe...
2026-08-21Board meeting outcomeOutcome of Board Meeting held on August 21, 2026 and has appointed M/s C N K & Associates LLP, Chartered Accountants (Firm Registration No. 101961W / ...
2026-08-21AppointmentAppointment of M/s CNK & Associates LLP as Other of the company w.e.f. August 21, 2026.Appointment M/s C N K & Associates LLP, Chartered Accountants...
2026-08-13ResignationResignation of KKC & Associates LLP, Statutory Auditors of the Company as Other of the company w.e.f. August 13, 2026.
2026-08-13Board meeting outcomeIL&FS Investment Managers Limited has submitted to the Exchange, the unaudited standalone and consolidated financial results for the period ended Jun ...
2026-07-21Reply to Clarification- FinaThe Exchange had sought clarification from IL&FS Investment Managers Limited for the quarter ended 30-Jun-2025 with respect to Regulation 33 of the SE...
2026-06-15UpdatesSubmission of Consolidated Financila Results for the period ended 31 Mar 2026 in machine readable format.
2026-06-15UpdatesSubmission of Standalone Financial Results for the period ended 31 Mar 2026 in machine readable format.
2026-06-05Disclosure under SEBI TakeovIL&FS Investment Managers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of In...
2026-05-30Board meeting outcomeIL&FS Investment Managers Limited has submitted to the Exchange, the Audited Consolidated financial results for the period ended March 31, 2026.
2026-05-29DividendBoard of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 0.70 per equity share.
2026-05-29Board meeting outcomeIL&FS Investment Managers Limited has submitted to the Exchange, the standalone financial results for the period ended March 31, 2026.
2026-04-10Reply to Clarification- FinaThe Exchange had sought clarification from IL&FS Investment Managers Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SE...
2026-02-20ResignationResignation of Mr. Kaushik Modak as Non- Executive Director of the company w.e.f. February 20, 2026.
2026-02-20UpdatesSubmission of Report on requests for re-lodgement of transfer requests for Physical Shares from 01.12.2025 till 06.01.2026
2026-02-18Shareholder meetingVoting results.
2026-02-13AppointmentAppointment of Ms. Jayashree Ramaswamy as Non- Executive Director in the category of Nominee Director (Non-Executive), pursuant to her nomination by...
2026-02-13Board meeting outcomeOutcome of Board Meeting held on February 13, 2026 for appointment of Ms. Jayashree Ramaswamy (DIN: 02235205) as an Additional Director in the categor...
2026-02-13Board meeting outcomeIL&FS Investment Managers Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2026-02-13Board meeting outcomeIL&FS Investment Managers Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-16UpdatesBoard s Comments and Observations on Delay in Submission of Consolidated Financial Results for Quarter and half year Ended September 30, 2025
2026-01-16Shareholder meetingNotice of Postal Ballot seeking approval of the members of the Company, by way of remote e-voting process, for Continuation of Mr Chitranjan Singh Kah...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1The Overall encumbered share in the scrip is more than 50 Percent.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03