IIFL Finance Ltd (IIFL)
₹393.7
IIFL Finance Ltd share Performance
- ₹392.8₹400.95₹393.7
0.23%
Low
Day's Volatility:2.07%
High
1.84%
- ₹304.28₹703.4₹393.7
22.71%
Low
52 Weeks Volatility:101.38%
High
78.66%
| Returns % | |
| 1 Month Return | -3.45 % |
| 3 Month Return | -34.73 % |
| 1 Year Return | -10.01 % |
| Market Stats | |
| Previous Close | ₹₹395.80 |
| Open | ₹₹398.45 |
| Volume | ₹5.17L |
| Upper Circuit | ₹- |
| Lower Circuit | ₹- |
| Market Cap | ₹₹16,779.65Cr |
Analyst Rating
based on 5 analysts
Based on 5 analysts offering long term price targets for IIFL Finance Ltd. An average target of ₹579.05
Source: S&P Global Market Intelligence
Company Information
Share Price: ₹393.70 per share as on 16 May, 2024 04:01 PM
Market Capitalisation: ₹16,779.65Cr as of today
Revenue: ₹0.00Cr as on December 2023 (Q4 23)
Net Profit: ₹545.19Cr as on December 2023 (Q4 23)
Listing date: 17 May, 2005
Chairperson Name: A K Purwar
| Organisation | IIFL Finance Ltd |
| Headquarters | Mumbai |
| Industry | Finance |
| E-voting on shares | Click here to vote |
Key events for IIFL Finance Ltd
IIFL Finance Raises Funds Through Rights Issue Amid RBI Ban - 16 May, 2024
IIFL Finance has raised Rs 1,271 crore through a rights issue after the RBI banned its gold-backed lending and related off-balance sheet funding transactions. The offering was oversubscribed by 135%. Fitch Ratings considers some of the deficiencies found by regulators to be severe.
IIFL Finance Raises Capital Through Oversubscribed Rights Issue - 15 May, 2024
IIFL Finance has raised Rs 1,271 crore through an oversubscribed rights issue to fund business growth. The offering of 42,394,270 shares was oversubscribed by 135%, with promoters and Fairfax India participating.
RBI to Review Regulations on Gold Loans Amid IIFL Finance Audit - 14 May, 2024
The RBI is reviewing regulations on gold loans following an audit of IIFL Finances' gold loan business. The review will cover norms related to loan-to-value ratios, cash disbursement limits, assaying of underlying gold, and auctioning of gold. A detailed circular or operative guideline covering these aspects is expected soon.
IIFL Finance Faces Liquidity Crunch Amid Regulatory Scrutiny - 08 May, 2024
Banks have stopped lending to IIFL Finances gold and other businesses, impacting the overall business by around ₹500 crore ($60 million). The RBI's recent directive to cap cash loans for NBFCs at Rs 20,000 highlights its commitment to maintaining transparency and integrity in the financial sector.
IIFL Finance Faces Liquidity Crunch as Banks Stop Lending - 07 May, 2024
IIFL Finance is facing a liquidity crunch as banks have stopped lending to its gold and other businesses following a clampdown on the non-bank lender's gold loan business. The impact of the curbs on the overall business is likely to be around $60 million.
IIFL Finance Faces Liquidity Crunch Due to Lending Clampdown - 06 May, 2024
Banks have stopped lending to IIFL Finance's gold and other businesses, causing a liquidity crunch of around Rs 500 crore ($60 million). The Reserve Bank of India had earlier ordered the company to stop sanctioning, disbursing, and selling gold loans. Its top shareholder, Fairfax India, has agreed to provide up to $200 million in liquidity support.
IIFL Finance Faces RBI Audit Over Loan Disbursement Practices - 25 Apr, 2024
The Reserve Bank of India has initiated a special audit over concerns around certain loan disbursement practices at IIFL Finance. The company has suspended the disbursement of fresh gold loans until satisfactory completion of the audit and is extending full cooperation to the special audit team.
IIFL Finance Undergoes Special Audit Directed by RBI - 24 Apr, 2024
IIFL Finance is undergoing a special audit directed by the Reserve Bank of India (RBI) following concerns over certain loan disbursement practices. The company plans to increase its green housing portfolio to Rs 5,000 crore in the next three years. Additionally, it has been included in the Nifty 500 Value 50 index while Brightcom Group has been removed. Consolidated net profit surged 29.64% YoY.
IIFL Finance Undergoes RBI Special Audit - 23 Apr, 2024
The Reserve Bank of India has initiated a special audit on IIFL Finance due to concerns related to certain loan disbursement practices, specifically regarding gold loans. The company's shares have lost nearly 30% in market value since the RBI imposed an embargo on new gold loans in March 2024. The audit is expected to identify any lapses or discrepancies and take appropriate remedial measures.
IIFL Finance Board Approves Rights Issue - 18 Apr, 2024
IIFL Finance's board has approved a rights issue to raise up to Rs 1,271.83 crore at a price of Rs 300 per share. The record date is April 23, and the application period for existing shareholders is between April 30 and May 14.
IIFL Finance Announces Rights Issue to Raise Capital - 17 Apr, 2024
IIFL Finance's Board of Directors has approved a rights issue of equity shares worth Rs 1,272 crore at a discounted price of Rs 300 per share. The move comes after the Reserve Bank of India barred IIFL from offering gold loans due to supervisory concerns in its portfolio.
Fundamentals of IIFL Finance Ltd
Insights on IIFL Finance Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 11 quarters, 1.53K Cr → 2.69K Cr (in ₹), with an average increase of 5.5% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 6.07% to 6.35% in Mar 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 35.67% to 37.47% in Mar 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 5 quarters, 378.3 Cr → 490.44 Cr (in ₹), with an average increase of 6.2% per quarter
NO EFFECTAgainst Peers
In the last 1 year, Shriram Finance Ltd has given 74.6% return, outperforming this stock by 84.6%
- NO EFFECT
Against Peers
In the last 3 years, Cholamandalam Investment & Finance Company Ltd has given 126.6% return, outperforming this stock by 78.6%
NEGATIVE IMPACTPrice Dip
In the last 3 months, IIFL stock has moved down by -34.7%
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 24.79% to 24.78% in Mar 2024 quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 31.27% to 29.13% in Mar 2024 quarter
IIFL Finance Ltd Valuation
IIFL Finance Ltd in the last 5 years
Lowest (4.76x)
June 2, 2020
Today (8.61x)
May 15, 2024
Industry (30.33x)
May 15, 2024
Highest (36.76x)
March 13, 2018
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 24.78% | 0.00 | |
| Foreign Institutions | 29.13% | 0.00 | |
| Mutual Funds | 6.35% | 0.00 | |
| Retail Investors | 37.47% | 0.00 | |
| Others | 2.26% | 0.00 |
Technicals of IIFL Finance Ltd share
News & Events of IIFL Finance Ltd
Frequently Asked Questions
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IIFL Finance Ltd (IIFL) share price today is ₹393.7
IIFL Finance Ltd is listed on NSE
IIFL Finance Ltd is listed on BSE
- Today’s highest price of IIFL Finance Ltd is ₹400.95.
- Today’s lowest price of IIFL Finance Ltd is ₹392.8.
PE Ratio of IIFL Finance Ltd is 8.61
PE ratio = IIFL Finance Ltd Market price per share / IIFL Finance Ltd Earnings per share
Today’s traded volume of IIFL Finance Ltd(IIFL) is 5.17L.
Today’s market capitalisation of IIFL Finance Ltd(IIFL) is ₹16779.65Cr.
| IIFL Finance Ltd(IIFL | Price |
|---|---|
52 Week High | ₹703.4 |
52 Week Low | ₹304.28 |
IIFL Finance Ltd(IIFL) share price is ₹393.7. It is down -44.03% from its 52 Week High price of ₹703.4
IIFL Finance Ltd(IIFL) share price is ₹393.7. It is up 29.39% from its 52 Week Low price of ₹304.28
| IIFL Finance Ltd(IIFL | Returns |
|---|---|
1 Day Returns | -2.1% |
1 Month Returns | -3.45% |
3 Month Returns | -34.73% |
1 Year Returns | -10.01% |