Manages investment funds, primarily for the IL&FS Group, through a structure that includes subsidiary Andhra Pradesh Urban Infrastructure Asset Management Limited (APUIAML) and IL&FS Investment Advisors LLC. On a standalone basis, revenue from operations was nil in FY26 because the existing fund management mandates have ended with no new fund raises. Standalone total revenue of Rs 54.9 crore in FY26 came almost entirely from dividend income of Rs 5,175.27 lakh on non-current investments. On a consolidated basis, FY26 revenue was Rs 6,553.18 lakh, up 40% year-on-year, though profit after tax fell to Rs 468.97 lakh. Subsidiary APUIAML carried Rs 1,036.61 lakh of unbilled revenue, of which Rs 921.02 lakh was written off during the year. Costs are dominated by other operating expenses at 86.2% of revenue and employee costs at 16.6%, with negligible materials, depreciation or capex. Auditors issued a qualified opinion for the eighth consecutive year, citing an ongoing SFIO investigation into the IL&FS Group and material uncertainty on going concern. The company is part of the broader IL&FS group resolution, with an Expression of Interest process underway to divest stake. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Dividend income from investments, Asset management services (APUIAML), Investment advisory (IL&FS Investment Advisors LLC). Asset management company in a post-mandate wind-down, part of the IL&FS group resolution
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 42 | 64 | 52 | 29 | 55 |
| EBITDA (ex other income) | (0) | 8 | 1 | (3) | (2) |
| margin % | (0.6) | 11.7 | 2.6 | (9.6) | (2.8) |
| Owners' profit | 8 | 18 | 11 | 13 | 4 |
| EPS, as reported (₹) | 0.25 | 0.38 | 0.32 | 0.42 | 0.12 |
| ROE % · ROCE % | 5.7 · — | 7.2 · — | 5.4 · — | 6.3 · — | 2.3 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 6 | (0) | (6) | (9) | 21 |
| Capex | (0) | (0) | (0) | (0) | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 9 | 8 | 6 | 7 | 7 | 35 | 8 |
| Profit before tax | 3 | 5 | 9 | 0 | 5 | (3) | 6 | 3 |
| Net profit | 2 | 4 | 13 | 0 | 4 | (3) | 4 | 1 |
| EPS (₹) | 0.03 | 0.10 | 0.39 | 0.03 | 0.09 | (0.06) | 0.07 | 0.06 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ICICI PRUDENTIAL AMC LTD | 1,50,265 | 56.8 | 36.02 | — | 79.1 | — | — | 84.0 |
| HDFC AMC LIMITED | 1,03,046 | 28.1 | 11.17 | 27.1 | 31.0 | — | — | 101.2 |
| NIPPON L I A M LTD | 76,051 | 46.3 | 16.32 | 37.7 | 32.8 | — | 20.6 | 88.4 |
| ADIT BIRL SUN LIF AMC LTD | 31,436 | 31.2 | 7.78 | 23.8 | 24.1 | — | — | 90.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 27 Aug 2026 · 40th AGM on Sep 22, 2026; final dividend Rs 0.70 per share; FY26 annual report filed | board shareholder meetings | medium | — | — |
| 27 Aug 2026 · IL&FS Investment Managers sets Sept 15 record date for Rs 0.70 final dividend | corporate actions | medium | — | — |
| 27 Aug 2026 · 40th AGM on Sep 22, 2026; Final Dividend Rs 0.70 per share | board shareholder meetings | low | — | — |
| 21 Aug 2026 · New auditor appointed after KKC resignation | management changes | medium | — | — |
| 21 Aug 2026 · IL&FS Investment Managers: Statutory Auditor KKC resigns, CNK appointed | management changes | medium | — | — |
| 18 Aug 2026 · Newspaper clippings on SEBI special window for physical shares filed with exchanges | compliance | minimal | — | — |
| 13 Aug 2026 · Statutory auditor KKC and Associates LLP resigns effective Aug 13, 2026 | management changes | high | — | — |
| 13 Aug 2026 · Q1 FY27 results approved with qualified auditor review - going concern doubt | results | high | — | — |
| 13 Aug 2026 · Q1 FY27: Standalone loss widens; zero fee income | results | high | — | — |
| 6 Aug 2026 · IL&FS Investment Managers Q1 FY27 results board meeting on Aug 13 2026 | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| UTI ASSET MNGMT CO LTD |
| 11,702 |
| 25.4 |
| 2.60 |
| 16.3 |
| 10.5 |
| — |
| 7.8 |
| 65.9 |
| CANARA ROBECO AMC LIMITED | 4,774 | 17.1 | 6.40 | — | 27.3 | 35.9 | — | 88.2 |
| SHRIRAM ASSET MANAGEMENT CO.LT | 453 | — | 2.97 | — | (13.3) | — | — | (370.7) |
| IL&FS INVESTMENT MANAGERS ◆ | 287 | 57.2 | 1.36 | 30.9 | 2.3 | — | 3.5 | 36.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 57.2 | 31.2 | 7 of 7 | 0% |
| P/B | 1.4 | 7.1 | 1 of 8 | 100% |
| ROE | 2.3 | 25.7 | 7 of 8 | 14% |
| Debt / Equity | 0.0 | 0.0 | 1 of 8 | 0% |
| EBITDA margin | 36.0 | 86.1 | 7 of 8 | 14% |
| Revenue growth | 41.0 | 20.0 | 2 of 6 | 80% |
| Profit growth | 433.1 | 13.9 | 1 of 6 | 100% |
| Market cap | 287 | 21569 | 8 of 8 | 0% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
