IVC

IL&FS Investment Managers Limited

Private-equity and infrastructure asset management company

Financial Services›Financial Services›Capital Markets›Asset Management Company

iimlindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹7.88
Market cap
247 Cr
Stock P/E
50.2
P/B
1.30
Dividend yield
10.3%
ROE (FY26)
1.8%
ROCE (FY26)
4.3%
Operating margin (FY26)
-3.1%
Debt / equity (FY26)
0.00

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

IL&FS Investment Managers (IVC) is a private equity and asset management company in the IL&FS group that earns fees for managing and advising funds.

Company snapshot

9thBy market cap

Ranked among 9 companies in Asset Management Company.

What we see

Positives
  • ✓Cash flow from operations is higher than reported profit — earnings quality looks solid.
Concerns
  • ✗Interest coverage of 0.0x — earnings barely cover interest payments, which is a warning sign.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales12 Cr14 Cr13 Cr8 Cr5 Cr9 Cr8 Cr6 Cr7 Cr7 Cr35 Cr8 Cr
Operating expenses (approx.)13 Cr14 Cr10 Cr12 Cr5 Cr9 Cr6 Cr8 Cr6 Cr11 Cr31 Cr10 Cr
EBITDA-1 Cr-0.58 Cr3 Cr-4 Cr-0.14 Cr-0.56 Cr1 Cr-3 Cr1 Cr-5 Cr4 Cr-2 Cr
OPM %-12.0%-4.2%21.4%-52.6%-2.6%-6.6%16.4%-45.0%15.2%-68.8%10.7%-18.6%
Other income3 Cr3 Cr3 Cr2 Cr3 Cr5 Cr7 Cr3 Cr4 Cr2 Cr3 Cr2 Cr
Interest0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Depreciation0.05 Cr0.08 Cr0.08 Cr0.07 Cr0.06 Cr0.06 Cr0.05 Cr0.05 Cr0.04 Cr0.04 Cr0.05 Cr0.06 Cr
Profit before tax2 Cr2 Cr6 Cr-2 Cr3 Cr5 Cr9 Cr0.43 Cr5 Cr-3 Cr6 Cr3 Cr
Tax %0.7%2.8%19.5%-88.5%52.9%19.2%-46.6%47.2%29.4%-3.2%38.2%57.8%
Net profit2 Cr2 Cr5 Cr-4 Cr2 Cr4 Cr13 Cr0.23 Cr4 Cr-3 Cr4 Cr1 Cr
EPS (₹)₹0.07₹0.04₹0.15₹-0.11₹0.03₹0.10₹0.39₹0.03₹0.09₹-0.06₹0.07₹0.06

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales101 Cr112 Cr89 Cr36 Cr46 Cr42 Cr64 Cr52 Cr29 Cr55 CrSign in free for the trailing twelve months
Operating expenses (approx.)85 Cr90 Cr101 Cr55 Cr48 Cr42 Cr57 Cr51 Cr32 Cr56 CrSign in free for the trailing twelve months
EBITDA17 Cr23 Cr-13 Cr-18 Cr-2 Cr-0.25 Cr8 Cr1 Cr-3 Cr-2 CrSign in free for the trailing twelve months
OPM %16.4%20.3%-14.2%-49.9%-4.9%-0.6%11.7%2.6%-9.6%-2.8%Sign in free for the trailing twelve months
Other income14 Cr10 Cr14 Cr12 Cr12 Cr16 Cr11 Cr14 Cr18 Cr11 CrSign in free for the trailing twelve months
Interest———0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 CrSign in free for the trailing twelve months
Depreciation17 Cr12 Cr9 Cr0.61 Cr0.31 Cr0.21 Cr0.19 Cr0.25 Cr0.25 Cr0.19 CrSign in free for the trailing twelve months
Profit before tax14 Cr21 Cr-8 Cr-20 Cr10 Cr15 Cr22 Cr16 Cr15 Cr9 CrSign in free for the trailing twelve months
Tax %50.7%55.8%-74.5%0.8%2.8%14.1%21.4%22.8%2.7%46.8%Sign in free for the trailing twelve months
Net profit7 Cr9 Cr-14 Cr-20 Cr10 Cr13 Cr17 Cr12 Cr14 Cr5 CrSign in free for the trailing twelve months
EPS (₹)₹0.20₹0.21₹-0.44₹-0.44₹0.50₹0.25₹0.38₹0.32₹0.42₹0.12Sign in free for the trailing twelve months
Dividend payout %————196.8%71.8%94.7%230.1%154.3%533.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital63 Cr63 Cr63 Cr63 Cr63 Cr63 Cr63 Cr63 Cr63 Cr63 Cr
Reserves246 Cr234 Cr177 Cr160 Cr147 Cr148 Cr154 Cr140 Cr142 Cr128 Cr
Borrowings——————————
Other liabilities34 Cr28 Cr40 Cr28 Cr26 Cr25 Cr30 Cr27 Cr13 Cr32 Cr
Total liabilities360 Cr342 Cr297 Cr263 Cr250 Cr255 Cr267 Cr249 Cr239 Cr244 Cr
Fixed assets (net)1 Cr1 Cr0.72 Cr0.45 Cr0.41 Cr0.28 Cr0.39 Cr0.46 Cr0.39 Cr0.30 Cr
CWIP0.32 Cr——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments97 Cr65 Cr—62 Cr41 Cr32 Cr71 Cr62 Cr50 Cr77 Cr
Loans & advances———0.32 Cr0.26 Cr0.27 Cr0.30 Cr0.30 Cr0.09 Cr0.08 Cr
Trade receivables79 Cr103 Cr27 Cr10 Cr12 Cr9 Cr17 Cr20 Cr14 Cr12 Cr
Cash & bank133 Cr92 Cr91 Cr101 Cr84 Cr69 Cr24 Cr19 Cr9 Cr6 Cr
Other assets50 Cr80 Cr178 Cr89 Cr111 Cr144 Cr154 Cr148 Cr166 Cr148 Cr
Total assets360 Cr342 Cr297 Cr263 Cr250 Cr255 Cr267 Cr249 Cr239 Cr244 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity28 Cr-11 Cr75 Cr-23 Cr11 Cr6 Cr-0.48 Cr-6 Cr-9 Cr21 Cr
Cash from investing24 Cr-10 Cr-51 Cr34 Cr-6 Cr-15 Cr-36 Cr28 Cr19 Cr-5 Cr
Cash from financing-41 Cr-20 Cr-20 Cr-10 Cr-19 Cr-9 Cr-16 Cr-28 Cr-22 Cr-26 Cr
Net cash flow11 Cr-41 Cr4 Cr2 Cr-16 Cr-15 Cr-46 Cr-4 Cr-10 Cr-3 Cr
Free cash flow (OCF − Capex)27 Cr-12 Cr75 Cr-23 Cr11 Cr6 Cr-0.78 Cr-6 Cr-9 Cr21 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %4.3%6.8%-3.0%-8.5%4.4%6.6%9.1%7.0%6.5%4.3%
ROE %1.9%2.1%-5.8%-5.9%3.5%3.4%5.0%4.6%5.8%1.8%
Debtor days28633311210093799714117077
Inventory days———0000000
Days payable372930———————
Cash conversion cycle2483048210093799714117077
Debt / equity———0.000.000.000.000.000.000.00
Current ratio10.1012.21————————
Net debt / EBITDA-8.00-4.05————-3.12-14.20——