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IL&FS Investment Managers Ltd.
(IVC)
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Rating:63Neutral
Price Target:
₹11.00
▲(32.85% 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
Zero reported debt
A zero-debt balance sheet materially reduces solvency and refinancing risk for an alternative asset manager. This durable strength preserves financial flexibility to support fund operations, pay dividends, and absorb timing mismatches in fee and carry realizations over the next 2–6 months.
Negative Factors
Inconsistent cash generation
Multi-year negative operating and free cash flow before a single-year recovery indicates cash-conversion volatility. For a fee-driven asset manager, erratic cash flow can constrain fee timing, limit capacity to seed funds, and reduce discretion over distributions or reinvestment in product development.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero reported debt
A zero-debt balance sheet materially reduces solvency and refinancing risk for an alternative asset manager. This durable strength preserves financial flexibility to support fund operations, pay dividends, and absorb timing mismatches in fee and carry realizations over the next 2–6 months.
Read all positive factors
IL&FS Investment Managers Ltd. (IVC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.22B
Dividend Yield7.65%
Average Volume (3M)71.09K
Price to Earnings (P/E)66.4
Beta (1Y)0.93
Revenue Growth46.33%
EPS Growth-71.76%
CountryIN
Employees13
SectorGeneral
Sector StrengthN/A
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)0.13
Shares Outstanding314,032,750
10 Day Avg. Volume164,172
30 Day Avg. Volume71,091
Financial Highlights & Ratios
PEG Ratio-0.73
Price to Book (P/B)1.05
Price to Sales (P/S)3.07
P/FCF Ratio7.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, recapital...
How the Company Makes Money
IL&FS Investment Managers Ltd. makes money primarily through fund management and investment-related income earned from managing alternative investment funds/vehicles. Key revenue streams typically include: (1) Management fees/asset management fees...
IL&FS Investment Managers Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
48
Neutral
| 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 | 68.95M | 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 | 0.00 | 2.44B | 2.39B | 2.49B | 2.67B | 2.55B |
| Cash, Cash Equivalents and Short-Term Investments | 850.27M | 850.27M | 1.34B | 1.38B | 1.52B | 1.90B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 277.29M | -90.74M | -64.31M | -7.76M | 63.67M |
| Operating Cash Flow | 0.00 | 278.74M | -88.97M | -61.03M | -4.77M | 64.34M |
| Investing Cash Flow | 0.00 | -110.64M | 194.52M | 283.47M | -361.72M | -151.56M |
| Financing Cash Flow | 0.00 | -255.34M | -219.82M | -277.21M | -160.95M | -94.21M |
IL&FS Investment Managers Ltd. Technical Analysis
Positive
8.28
Price Trends
8.39
Positive
8.16
Positive
7.92
Positive
Market Momentum
0.38
Negative
84.10
Negative
74.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IVC, the sentiment is Positive. The current price of 8.28 is below the 20-day moving average (MA) of 8.63, below the 50-day MA of 8.39, and above the 200-day MA of 7.92, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 84.10 is Negative, neither overbought nor oversold. The STOCH value of 74.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IVC.
IL&FS Investment Managers Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹10.22B | 14.06 | ― | 0.69% | ― | ― | |
72 Outperform | ₹113.14B | 24.50 | ― | 10.00% | -6.59% | -35.75% | |
69 Neutral | ₹107.32B | 18.62 | ― | 0.88% | -4.46% | -19.71% | |
67 Neutral | ₹126.41B | 12.14 | ― | 2.46% | -2.59% | -5.88% | |
63 Neutral | ₹3.22B | 66.36 | ― | 7.65% | 46.33% | -71.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹128.73B | 18.34 | ― | 1.10% | 16.27% | 44.44% |
* General Sector Average
IN:IVC
IL&FS Investment Managers Ltd.
10.25
2.27
28.45%
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IL&FS Investment Managers Ltd. Corporate Events
IL&FS Investment Managers’ Statutory Auditors Resign Effective August 2026
Aug 13, 2026
ILFS 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 notified the...
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.