₹ 495 4.85%
29 Jan 9:54 a.m.
About
Wealth First Portfolio Managers Ltd is engaged in the business of providing share & stock broking services, portfolio management, mutual funds distribution, depository participant services and other related activities. (Pg. 87)[1]
Key Points
Products & Services Offered
The company's products include FDs, treasury bonds, direct bonds, direct equity, Mutual funds, PMS and insurance. Its services include broking and depository services, Tax planning, NRI investment advisory, Trust advisory services, Estate/ succession planning, retirement planning, etc. (Pg. 12)[1]
- Market Cap ₹ 527 Cr.
- Current Price ₹ 495
- High / Low ₹ 496 / 262
- Stock P/E 17.7
- Book Value ₹ 87.0
- Dividend Yield 0.61 %
- ROCE 25.5 %
- ROE 19.1 %
- Face Value ₹ 10.0
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Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Cons
* 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.
Peer comparison
Sector: Stock/ Commodity Brokers Industry:
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 5 | 11 | 8 | 6 | 8 | 4 | 12 | 8 | 5 | 11 | 14 | 15 | |
| 2 | 2 | 1 | 2 | 2 | 3 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | |
| Operating Profit | 5 | 3 | 10 | 5 | 4 | 5 | 2 | 8 | 6 | 2 | 9 | 10 | 12 |
| OPM % | 75% | 59% | 87% | 72% | 66% | 68% | 58% | 73% | 65% | 50% | 77% | 76% | 81% |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | -1 | 3 | 3 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 3 | 10 | 5 | 4 | 6 | 2 | 9 | 5 | 2 | 11 | 13 | 13 |
| Tax % | 0% | 193% | 25% | 25% | 25% | 19% | 25% | 25% | 25% | 34% | 25% | 20% | 25% |
| 5 | -3 | 7 | 4 | 3 | 5 | 2 | 7 | 4 | 1 | 8 | 10 | 10 | |
| EPS in Rs | 4.63 | -2.39 | 6.76 | 3.80 | 2.67 | 4.38 | 1.59 | 6.27 | 3.82 | 1.00 | 7.92 | 9.60 | 9.49 |
| Raw PDF |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 211 | 199 | 143 | 169 | 150 | 199 | 224 | 331 | 10 | 25 | 33 | 29 | 45 | |
| 211 | 198 | 141 | 164 | 146 | 191 | 212 | 321 | 7 | 6 | 8 | 10 | 11 | |
| Operating Profit | 0 | 1 | 2 | 4 | 4 | 8 | 12 | 10 | 2 | 18 | 25 | 19 | 33 |
| OPM % | 0% | 1% | 1% | 3% | 3% | 4% | 5% | 3% | 25% | 74% | 75% | 65% | 75% |
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | |
| Interest | 0 | 1 | 2 | 3 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 2 | 3 | 6 | 11 | 9 | 2 | 18 | 25 | 18 | 39 |
| Tax % | 32% | 30% | 16% | 20% | 20% | 18% | 23% | 28% | 29% | 24% | 26% | ||
| -0 | 0 | 0 | 2 | 3 | 5 | 9 | 7 | 1 | 13 | 19 | 14 | 30 | |
| EPS in Rs | -0.20 | 0.95 | 0.70 | 10.10 | 2.43 | 4.50 | 8.19 | 6.59 | 1.21 | 12.00 | 17.62 | 12.68 | 28.01 |
| Dividend Payout % | 0% | 0% | 42% | 6% | 12% | 13% | 7% | 9% | 50% | 8% | 11% | 24% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | -34% |
| 3 Years: | 43% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 57% |
| 5 Years: | 9% |
| 3 Years: | 119% |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 57% |
| 1 Year: | 59% |
| Return on Equity | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 23% |
| 3 Years: | 27% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 6 | 6 | 6 | 6 | 6 | 11 | 11 | 11 | 11 |
| Reserves | 2 | 2 | 2 | 4 | 9 | 13 | 22 | 28 | 28 | 36 | 55 | 66 | 82 |
| 2 | 17 | 20 | 5 | 18 | 18 | 6 | 1 | 3 | 0 | 2 | 0 | 0 | |
| 0 | 0 | 1 | 1 | 12 | 3 | 4 | 4 | 3 | 3 | 4 | 4 | 5 | |
| Total Liabilities | 5 | 21 | 24 | 11 | 45 | 41 | 38 | 40 | 40 | 50 | 72 | 80 | 97 |
| 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 18 | 39 | 38 |
| 4 | 19 | 22 | 11 | 45 | 41 | 37 | 38 | 39 | 46 | 52 | 40 | 59 | |
| Total Assets | 5 | 21 | 24 | 11 | 45 | 41 | 38 | 40 | 40 | 50 | 72 | 80 | 97 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | -13 | -1 | 16 | -21 | 1 | 16 | 8 | -8 | 7 | 21 | 21 | |
| 0 | -0 | -0 | 2 | 1 | 2 | 1 | -0 | 2 | -3 | -18 | -19 | |
| -6 | 14 | 1 | -17 | 19 | -2 | -14 | -6 | 0 | -4 | 1 | -4 | |
| Net Cash Flow | 0 | 1 | -1 | 2 | -1 | 2 | 3 | 2 | -6 | 1 | 4 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 0 | 0 | 1 | 3 | 4 | 3 | 45 | 22 | 36 | 38 |
| Inventory Days | 4 | 32 | 52 | 16 | 93 | 65 | 44 | 28 | ||||
| Days Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cash Conversion Cycle | 5 | 32 | 53 | 16 | 94 | 68 | 47 | 30 | 45 | 22 | 36 | 38 |
| Working Capital Days | 5 | 32 | 53 | 16 | 63 | 58 | 39 | 26 | 1,224 | 485 | 346 | 310 |
| ROCE % | 3% | 9% | 9% | 27% | 22% | 23% | 33% | 27% | 6% | 44% | 44% | 26% |
Documents
Announcements
As an expert in financial analysis and stock market research, I bring a wealth of knowledge and experience to dissect and interpret the information provided in the article about Wealth First Portfolio Managers Ltd. My expertise is rooted in a deep understanding of financial statements, ratios, and market dynamics.
Let's delve into the key concepts and information presented in the article:
Wealth First Portfolio Managers Ltd Overview:
- Business Activities: Engaged in share & stock broking services, portfolio management, mutual funds distribution, depository participant services, and related activities.
- Products & Services: Offers FDs, treasury bonds, direct bonds, direct equity, mutual funds, PMS, and insurance. Provides broking and depository services, tax planning, NRI investment advisory, trust advisory services, estate/succession planning, and retirement planning.
Financial Metrics:
- Market Cap: ₹527 Cr.
- Current Price: ₹495
- High / Low: ₹496 / ₹262
- Stock P/E: 17.7
- Book Value: ₹87.0
- Dividend Yield: 0.61%
- Return on Capital Employed (ROCE): 25.5%
- Return on Equity (ROE): 19.1%
- Face Value: ₹10.0
Pros and Cons:
- Pros:
- Reduced debt; almost debt-free.
- Expected to give a good quarter.
- Good return on equity (ROE) track record (3 Years ROE 27.0%).
Peer Comparison:
- Belongs to the sector of Stock/Commodity Brokers.
Quarterly Results (Figures in Rs. Crores):
- Dec 2023:
- Operating Profit: ₹14
- EPS: ₹9.49
Profit & Loss (Figures in Rs. Crores):
- TTM (Trailing Twelve Months):
- Operating Profit: ₹33
- EPS: ₹28.01
Compounded Growth Rates:
- Sales Growth: 10 Years: -18%, 5 Years: -34%, 3 Years: 43%, TTM: 39%
- Profit Growth: 10 Years: 57%, 5 Years: 9%, 3 Years: 119%, TTM: 74%
- Stock Price CAGR: 10 Years: %, 5 Years: 41%, 3 Years: 57%, 1 Year: 59%
- ROE: 10 Years: 25%, 5 Years: 23%, 3 Years: 27%, Last Year: 19%
Balance Sheet (Figures in Rs. Crores):
- Equity Capital: ₹11
- Reserves: ₹66
- Total Assets: ₹97
Cash Flows (Figures in Rs. Crores):
- Net Cash Flow (Mar 2023): ₹4
Ratios:
- Debtor Days: 38
- Inventory Days: 28
- Days Payable: 0
- Cash Conversion Cycle: 38
- Working Capital Days: 310
- ROCE% (Return on Capital Employed): 26%
Recent Documents:
- Announcements: Includes newspaper publications, financial result updates, and outcomes of board meetings.
- Annual Reports: Available for Financial Year 2021, 2022, and 2023.
Additional Information:
- Stock listed on NSE (National Stock Exchange) with code BE: WEALTH.
- Recent Board Meeting: January 24, 2024.
- Certificates under SEBI Regulations: Issued on January 4, 2024.
This comprehensive analysis provides a snapshot of Wealth First Portfolio Managers Ltd's financial health, market position, and recent developments. For a more in-depth assessment, one should consider analyzing historical trends, industry benchmarks, and future growth prospects. Always exercise caution and conduct thorough research before making investment decisions.
