IL&FS Investment Managers Limited (IVC) Fair Value & Analysis
Financial Services · IN · Market cap ₹2.6B
Fair value as of: Aug 13, 2026
From 12 valuation models · updated 3 days ago
Fair value updated Aug 13, 2026, revised from ₹2.09 to ₹3.66 (+75.1%) since Aug 6, 2026. Share price −1.1% over the past month.
A strong business, but screening 56% overvalued on our models.
What matters now
- A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (₹3.66). The favourable scenario is already priced in.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹3.40 – ₹13.88 · the ₹8.27 price screens above the ₹3.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
IL&FS Investment Managers Limited (IVC) currently trades at ₹8.27, while our model-based Fair Value estimate is ₹3.66, implying the stock looks roughly 55.7% overvalued today. The Quality Score stands at 76/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, IL&FS Investment Managers Limited generated revenue of ₹655M at a net margin of 5.9%. Revenue grew 220.4% year over year. It earns a return on equity of 2.2%. The balance sheet holds a net cash position of ₹850M. Fundamentals as of Aug 13, 2026
The share trades about 11% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -27% fair-value upside, at -56%, IVC screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 12 models by family
Widest divergence: Growth DCF (₹8.85) versus Earnings-Based (₹1.11). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 60
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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, recapitalizations, buyouts investments, and real estate investments in high-growth real estate assets including office, …
Full 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, recapitalizations, buyouts investments, and real estate investments in high-growth real estate assets including office, residential, retail, integrated townships, special economic zones, hospitality, and mixed-use properties. It also makes debt investments as well as investment banking led private equity transactions focused on opportunities arising from stressed assets. The firm seeks to invest in agriculture, education, fintech, renewable energy, energy, materials, logistics, agricultural services, auto components, textiles, healthcare, power, waste management, toll roads and cable infrastructure, biotechnology, niche manufacturing, media, consumer services, consumer brands, pharmaceuticals, manufacturing, airport services, highways and rail tracks, marine ports and services, infrastructure and related services, telecom, city gas distribution, shipyards, life sciences, real estate, waste water treatment, information technology, and information technology enabled services sectors. It seeks to invest in Middle East, Asian markets with a focus on India, Tamil Nadu, and Delhi; and China. It seeks to equity investment between $1 million and $50 million in companies with market capitalization of $50 million and $150 million. The firm prefers to make seed capital funding in infrastructure projects in the range of $2 million and $10 million. In the real estate sector, it seeks to invest between $20 million and $50 million. The firm seeks to hold its investments for a period between three years and five years. It seeks to make private equity investments in post revenue companies. The firm prefers to take a seat on the board of directors of its portfolio companies. IL&FS Investment Managers Limited was founded in 1989 and is based in Mumbai, India. It operates as a subsidiary of Infrastr
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
IL&FS Investment Managers Limited reported revenue of ₹655M in FY2026 versus ₹417M in FY2022, a compound +12.0%/yr. Reported net income was ₹38.6M in FY2026, compounding −16.1%/yr from FY2022.
of which total revenue −10.4 pp · buybacks/dilution −0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
IVC screens 56% overvalued. Compare with ORIX Corporation →
Peer Group
Financial Conglomerates · 55 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Financial Conglomerates median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ORIX Corporation IX | $40.58 | $35.47 | -13% |
| Bajaj Finserv Ltd BAJAJFINSV | ₹2,009 | ₹796.96 | -60% |
| China Galaxy Securities Co 601881 | ¥12.36 | ¥11.34 | -8% |
| Guosen Securities Co 002736 | ¥10.12 | ¥10.84 | +7% |
| CNPC Capital Company 000617 | ¥6.96 | ¥6.99 | +0% |
| Aditya Birla Capital Limited ABCAPITAL | ₹410.95 | ₹119.98 | -71% |
| Freedom Holding FRHC | $151.33 | $31.31 | -79% |
| Voya Financial, Inc VOYA | $99.49 | $62.37 | -37% |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥7.72 | ¥5.63 | -27% |
| Bicecorp S.A BICE | 402.36 CLP | 261.70 CLP | -35% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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