IL&FS Investment Managers Ltd. (IVC) AI Stock Analysis

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IL&FS Investment Managers Ltd.

(NSE:IVC)

Select Model

Rating:63Neutral

Price Target:INR 8.00▲(6.10% Upside)

Action:downgraded

Date:09/06/26

The score is driven mainly by a low-risk capital structure (no debt) and a FY2026 rebound in revenue/profit and cash flow, but it is held back by historically inconsistent cash generation and an expensive P/E. Technicals are supportive due to a strong uptrend, though the very high RSI signals the move may be overextended.

Positive Factors

Debt-free balance sheetA debt-free balance sheet materially reduces financial risk and interest burden, giving the company greater flexibility to withstand operating volatility. Stable equity and assets also provide a stronger base for continuing fund-management activities and pursuing opportunities without relying heavily on external borrowing.

Negative Factors

Choppy operating performanceThe large swings in revenue and operating profitability indicate that earnings are not yet consistently predictable. A weak year followed by a sharp rebound makes it harder to assess normalized performance, and another period of subdued activity could again pressure margins and reported profits.

IL&FS Investment Managers Ltd. (IVC) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.41B
Dividend Yield: 15.94%
Average Volume (3M): 72.48K
Price to Earnings (P/E): 48.6
Beta (1Y): 1.03
Revenue Growth: 46.33%
EPS Growth: -71.76%
Country: India
Employees: 12
Sector: General
Sector Strength: 55
Industry: Investment - Banking & Investment Services

IL&FS Investment Managers Ltd. Business Overview & Revenue Model

Company Description

IL&FS Investment Managers Limited is a private equity, venture capital, infrastructure and real estate investment firm specializing in seed capital, late venture, growth capital, expansions, middle market, restructuring, stressed assets, recapitaliza...

IL&FS Investment Managers Ltd. Financial Statement Overview

Summary

Strong balance sheet with zero debt (low financial risk) supports the score, but operating results and cash generation have been volatile. Revenue and operating profitability rebounded sharply in FY2026 after weakness in FY2025, yet a multi-year stretch of negative operating/free cash flow (FY2023–FY2025) keeps overall financial quality “improving but uneven.”

Income Statement

72Positive

Balance Sheet

86Very Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	480.25M	655.32M	290.76M	519.24M	644.46M	416.54M
Gross Profit	460.59M	653.39M	192.45M	401.86M	507.15M	265.28M
EBITDA	69.10M	91.94M	-8.12M	27.05M	131.04M	21.88M
Net Income	41.60M	38.64M	131.46M	101.09M	119.78M	77.90M
Balance Sheet
Total Assets	0	2.44B	2.39B	2.49B	2.67B	2.55B
Cash, Cash Equivalents and Short-Term Investments	850.27M	832.37M	1.34B	1.38B	1.52B	1.90B
Total Debt	0	0	0	0	0	0
Total Liabilities	-2.12B	324.05M	133.21M	272.02M	301.21M	251.95M
Stockholders Equity	2.12B	1.91B	2.05B	2.02B	2.16B	2.11B
Cash Flow
Free Cash Flow	0	277.29M	-90.74M	-64.31M	-7.76M	63.67M
Operating Cash Flow	0	278.74M	-88.97M	-61.03M	-4.77M	64.34M
Investing Cash Flow	0	-110.64M	194.52M	283.47M	-361.72M	-151.56M
Financing Cash Flow	0	-255.34M	-219.82M	-277.21M	-160.95M	-94.21M

IL&FS Investment Managers Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price7.54

Price Trends

50DMA8.00Negative

100DMA7.83Negative

200DMA7.39Positive

Market Momentum

MACD-0.13Positive

RSI38.25Neutral

STOCH46.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IVC, the sentiment is Negative. The current price of 7.54 is below the 20-day moving average (MA) of 7.76, below the 50-day MA of 8.00, and above the 200-day MA of 7.39, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 38.25 is Neutral, neither overbought nor oversold. The STOCH value of 46.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IVC.

IL&FS Investment Managers Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:IVC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:UTIAMC	76Outperform	INR 104.07B	21.67	―	10.87%	-1.49%	-18.64%
IN:DAMCAPITAL	70Outperform	INR 9.04B	12.45	―	0.78%	―	―
IN:IIFLCAPS	69Neutral	INR 109.58B	17.74	―	0.86%	7.60%	3.87%
IN:IVC	63Neutral	INR 2.37B	48.61	―	15.94%	46.33%	-71.76%
IN:JMFINANCIL	59Neutral	INR 103.21B	9.91	―	3.02%	-2.59%	-5.88%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:EDELWEISS	46Neutral	INR 114.72B	16.35	―	1.24%	16.27%	44.44%

* General Sector Average

Performance Comparison

IN:IVC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:IVC	IL&FS Investment Managers Ltd.	7.54	0.94	14.29%
IN:EDELWEISS	Edelweiss Financial Services Limited	121.20	7.16	6.28%
IN:IIFLCAPS	IIFL Capital Services Ltd	347.50	12.52	3.74%
IN:JMFINANCIL	JM Financial Limited	107.85	-55.46	-33.96%
IN:UTIAMC	UTI Asset Management Co. Ltd.	809.65	-378.97	-31.88%
IN:DAMCAPITAL	DAM Capital Advisors Ltd.	127.85	-118.78	-48.16%

IL&FS Investment Managers Ltd. Corporate Events

IL&FS Investment Managers’ Statutory Auditors Resign Effective August 2026

Aug 13, 2026

IL&FS Investment Managers Ltd. has announced that its statutory auditors, KKC & Associates LLP, have resigned with effect from August 13, 2026, after issuing the limited review report for the quarter ended June 30, 2026. The company has notif...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

IL&FS Investment Managers Ltd. AI Stock Analysis

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