Edelweiss Financial

₹76.7 4.2 | 5.8%

WEBSITE BSE:532922 NSE : EDELWEISS 10 May, 16:01

Market Cap ₹7243 Cr.

Stock P/E 17.6

P/B 1.6

Current Price ₹76.7

Book Value ₹ 48.3

Face Value 1

52W High ₹87.8

Dividend Yield 1.95%

52W Low ₹ 37.4

Edit Ratio

Edelweiss Financial Research see more...

Market leadership and capital-light model should enable growth for Edelweiss Financial Services Limited

Overview Inc. Year: 1995Industry: Finance - NBFC

Edelweiss Financial Services Ltd is an India-based holding corporation, which is engaged in supplying financial services. The Company's segments consist of Agency business, Capital enterprise, Insurance enterprise, Asset reconstruction enterprise and Treasury enterprise. The Company offers various economic products and services to a diversified client base that consists of agencies, establishments and individuals. Its organizations consist of asset control, asset reconstruction, wealth management, housing finance, life insurance, NBFC and general insurance. Its asset control business affords clients with a bouquet of funding solutions, consisting of bespoke opportunity techniques and mutual funds. Its asset reconstruction commercial enterprise contains Edelweiss Asset Reconstruction Company (EARC) and turnaround advisory services. The Company's wealth management business consists of family governance, wealth structuring and inheritance making plans, among others.

Edelweiss Financial Share Price

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Peer Comparison

Edelweiss Financial Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Operating Revenue	1821	1603	1911	1173	2091	2118	3012	1979	2156	2398
Other Income	32	284	22	104	9	24	15	17	9	17
Total Income	1853	1887	1933	1277	2100	2142	3027	1995	2165	2415
Total Expenditure	1065	1025	1108	584	1418	1368	2209	1262	1366	1566
Operating Profit	788	862	824	693	681	773	818	734	799	849
Interest Expense	748	704	729	626	646	646	656	680	662	727
Depreciation	36	53	26	32	30	26	50	30	31	32
Profit Before Tax	4	105	69	35	6	101	112	24	106	89
Provision for Tax	-25	51	40	20	-34	16	-24	-54	11	-63
Profit After Tax	29	53	29	15	39	84	135	78	95	152
Adjustments	28	18	14	12	28	17	14	-27	-19	-27
Profit After Adjustments	57	71	42	26	67	101	149	51	76	125
Adjusted Earnings Per Share	0.6	0.8	0.5	0.3	0.7	1.1	1.7	0.5	0.8	1.3

Edelweiss Financial Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Operating Revenue	2225	2710	3880	5350	13561	8874	11078	9860	9357	6819	8481	9545
Other Income	7	9	15	14	27	47	95	89	1491	523	156	58
Total Income	2231	2719	3894	5364	13588	8921	11173	9949	10849	7342	8637	9602
Total Expenditure	807	1117	1481	2083	9728	3591	4518	7380	6609	4076	5671	6403
Operating Profit	1424	1602	2413	3281	3859	5330	6654	2569	4240	3266	2966	3200
Interest Expense	1113	1211	1832	2620	2810	3876	4783	4793	3834	2984	2575	2725
Depreciation	51	52	72	90	106	104	132	232	260	151	138	143
Profit Before Tax	259	339	510	571	943	1349	1744	-2457	146	227	385	331
Provision for Tax	88	135	202	235	395	512	699	-413	-108	15	-21	-130
Profit After Tax	171	204	308	336	548	837	1044	-2044	254	212	406	460
Adjustments	7	16	21	79	61	26	-49	-1	11	-23	-61	-59
Profit After Adjustments	178	220	329	414	609	863	995	-2045	265	189	344	401
Adjusted Earnings Per Share	2.3	2.8	4	5	7.2	9.9	11.2	-23	3	2.1	3.8	4.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	-5%	-1%	14%
Operating Profit CAGR	-9%	5%	-11%	8%
PAT CAGR	92%	0%	-13%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	19%	7%	-14%	8%
ROE Average	6%	5%	-0%	6%
ROCE Average	10%	10%	9%	10%

Edelweiss Financial Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	2458	2890	3161	3675	4329	6883	7677	6129	6577	6537	6744
Minority's Interest	233	366	371	697	958	943	1038	1078	1100	1055	1102
Borrowings	1980	3550	8098	10104	16987	34054	38868	32709	26003	20454	17945
Current Liability	11472	11214	18511	21756	21200	21441	16317	14100	12454	15016	18090
Other Liabilities & Provisions	50	119	243	573	1137	-429	-237	-692	-743	-848	-1029
Total Liabilities	16193	18139	30384	36805	44612	62892	63663	53324	45392	42215	42853
Loans	2441	3687	5536	6460	9940	0	38408	28361	22455	20098	17354
Investments	809	872	1603	2001	6041	0	0	0	207	285	428
Fixed Assets	496	481	559	664	637	878	950	1899	1441	1294	1185
Other Loans	276	431	1198	1259	672	510	433	584	0	0	0
Other Non Current Assets	307	409	1130	1346	939	42	44	43	13	20	25
Current Assets	11865	12258	20357	25076	26384	61285	23514	21991	20936	20216	23679
Total Assets	16193	18139	30384	36805	44612	62892	63663	53324	45392	42215	42853

Edelweiss Financial Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	299	725	812	780	758	1039	2408	3116	4943	3899	1989
Cash Flow from Operating Activities	274	-151	-9183	-3762	-497	-12969	5685	12098	3458	5592	1720
Cash Flow from Investing Activities	155	-1020	-863	-48	-4336	-530	-1312	199	4085	-1058	746
Cash Flow from Financing Activities	-1	1263	10019	3802	5112	14868	-3665	-10471	-8587	-6444	-1708
Net Cash Inflow / Outflow	428	92	-27	-8	279	1369	708	1827	-1044	-1910	757
Closing Cash & Cash Equivalent	725	812	780	758	1050	2408	3116	4943	3899	1989	2746

Edelweiss Financial Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.34	2.8	4.05	4.99	7.22	9.91	11.21	-22.99	2.98	2.1	3.83
CEPS(Rs)	2.91	3.34	4.8	5.23	7.87	10.8	13.25	-20.37	5.77	4.04	6.05
DPS(Rs)	0.65	0.7	1	1.25	1.3	1.35	1.4	0	1.45	1.45	1.5
Book NAV/Share(Rs)	32.19	37.57	39.87	45.12	51.95	78.49	85.95	67.98	72.56	71.94	74.29
Net Profit Margin	7.69	7.55	7.94	6.28	4.04	9.43	9.43	-20.73	2.71	3.11	4.78
Operating Margin	61.7	57.18	60.35	59.65	27.67	58.88	58.92	23.7	42.53	47.09	34.89
PBT Margin	11.66	12.51	13.14	10.68	6.96	15.2	15.74	-24.92	1.56	3.33	4.54
ROA(%)	1.11	1.19	1.27	1	1.35	1.56	1.65	-3.49	0.51	0.48	0.95
ROE(%)	6.72	7.65	10.2	9.83	13.72	15	14.44	-29.89	4.06	3.28	6.17
ROCE(%)	10.15	10.39	11.01	10.98	10.85	11.17	11.9	4.84	10.23	10	10.25
Price/Earnings(x)	13.25	10.25	15.76	11.3	21.84	24.04	17.57	0	21.32	27.93	13.69
Price/Book(x)	0.96	0.76	1.6	1.25	3.03	3.04	2.29	0.56	0.88	0.82	0.71
Dividend Yield(%)	2.1	2.44	1.57	2.22	0.82	0.57	0.71	0	2.28	2.47	2.86
EV/Net Sales(x)	4.58	4.87	6.76	5.69	3.24	7.34	5.16	3.19	3.13	3.66	2.68
EV/Core EBITDA(x)	7.15	8.23	10.87	9.27	11.37	12.22	8.59	12.24	6.92	7.64	7.67
Interest Earned Growth(%)	27.79	21.83	43.16	37.89	153.48	-34.56	24.84	-10.99	-5.1	-27.12	24.37
Net Profit Growth	31.06	19.46	50.72	8.95	63.34	52.61	24.77	-296.48	112.42	-16.69	91.23
EPS Growth(%)	38.42	19.64	44.71	23.29	44.75	37.35	13.06	-305.12	112.95	-29.43	82.27
Interest Coverage(x) %	1.23	1.28	1.28	1.22	1.34	1.35	1.36	0.49	1.04	1.08	1.15

Edelweiss Financial Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	32.63	32.62	32.62	32.62	32.62	32.62	32.78	32.77	32.76	32.76
FII	32.24	30.98	30.07	31.51	32.06	32.2	31.36	31.29	30.51	28.89
DII	2.66	2.66	2.66	2.66	2.67	2.68	2.62	2.62	2.68	2.7
Public	32.48	33.74	34.64	33.2	32.64	32.49	33.24	33.31	34.05	35.65
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	30.77	30.77	30.77	30.77	30.77	30.77	30.92	30.92	30.92	30.92
FII	30.4	29.21	28.36	29.72	30.24	30.38	29.58	29.52	28.8	27.26
DII	2.51	2.5	2.51	2.51	2.52	2.53	2.48	2.48	2.53	2.55
Public	30.63	31.82	32.67	31.31	30.78	30.65	31.36	31.43	32.13	33.64
Others	0	0	0	0	0	0	0	0	0	0
Total	94.3	94.31	94.31	94.31	94.31	94.33	94.33	94.34	94.38	94.38

Pros

Company has reduced debt.

Cons

Promoter holding is low: 32.76%.
Company has a low return on equity of 5% over the last 3 years.
The company has delivered a poor profit growth of -13% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.