What is IL& FS Investment Managers Financial Strength?
IL& FS Investment Managers has the Financial Strength Rank of 10. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
IL& FS Investment Managers Ltd shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
IL& FS Investment Managers has no long-term debt (1).
IL& FS Investment Managers's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, IL& FS Investment Managers's Altman Z-Score is 8.95.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of IL& FS Investment Managers's Financial Strength
For the Financial Conglomerates subindustry, IL& FS Investment Managers's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IL& FS Investment Managers's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, IL& FS Investment Managers's Financial Strength distribution charts can be found below:
* The bar in red indicates where IL& FS Investment Managers's Financial Strength falls into.
IL& FS Investment Managers Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
IL& FS Investment Managers's Interest Expense for the
months ended in Mar. 2024 was ₹0.0 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹14.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0.0 Mil.
IL& FS Investment Managers's Interest Coverage for the quarter that ended in Mar. 2024 is
| IL& FS Investment Managers had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
IL& FS Investment Managers Ltd has no debt.
2. Debt to revenue ratio. The lower, the better.
IL& FS Investment Managers's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
IL& FS Investment Managers has a Z-score of 8.95, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 8.95 is strong.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IL& FS Investment Managers (BOM:511208) Business Description
Traded in Other Exchanges
Address
The IL&FS Financial Centre, 1st Floor, Plot No. C - 22, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051
IL& FS Investment Managers Ltd is a company operating in the financial sector. It operates in one business segment fund management and related services. It has also established investment banking, project finance, project development, management and implementation, merchant banking, infrastructure financing, and corporate advisory capabilities. Its investment portfolio includes Shoppers Stop, Gujarat Pipavav Port Ltd, Max Telecom Ventures, ibn18 Broadcast Ltd, UTV Communications, Hotel Leelaventure, Spice Jet Limited, and other companies.
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