360 ONE WAM Ltd
360 ONE WAM Ltd
Financial Services F&OIIFL Wealth Management Limited, founded in 2008, is one of the largest private wealth management firms in India. The company mainly acts as wealth manager and provides services relating to financial products distribution, advisory, portfolio management services by mobilizing funds and assets of various classes of investors including High Networth Individuals. [1][2]
360 ONE WAM commands a strong position in India's wealth management space with 28% sales CAGR over 3 years and 91% analyst buy consensus. However, the premium valuation at 38.1x PE and declining promoter holding warrant caution, making it a high-conviction buy only for investors comfortable with rich multiples.
Key Fundamentals
MidcapWealthCapital MarketsTechnical Indicators
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 26.8% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 45.6%
Weaknesses
3- Stock is trading at 4.54 times its book value
- Promoter holding is low: 6.24%
- Promoter holding has decreased over last 3 years: -15.8%
Growth Rate
AI Analysis — Bull vs Bear
360 ONE WAM commands a strong position in India's wealth management space with 28% sales CAGR over 3 years and 91% analyst buy consensus. However, the premium valuation at 38.1x PE and declining promoter holding warrant caution, making it a high-conviction buy only for investors comfortable with rich multiples.
- Overwhelming analyst consensus with 90.91% buy ratings (10 out of 11 analysts recommend buy, zero sells)
- Strong compounded sales growth of 28% CAGR over 3 years, reflecting robust AUM expansion in wealth management
- Excellent profit growth of 26.8% CAGR over 5 years, demonstrating consistent earnings compounding
- Healthy dividend payout ratio of 45.6%, indicating shareholder-friendly capital allocation despite being a growth company
- Stock CAGR of 36% over 3 years and 32% over 5 years shows sustained wealth creation for long-term holders
- TTM revenue growth of 18% remains healthy, showing continued business momentum
- 3-year average ROE of 18% and 5-year average ROE of 19% reflect efficient capital deployment in an asset-light model
- Company is expected to deliver a good upcoming quarter, suggesting near-term earnings catalyst
- Stock trades at 4.71x price-to-book value, a steep premium that leaves limited margin of safety
- Promoter holding has declined by 15.8% over last 3 years, raising concerns about insider confidence and potential dilution
- Promoter holding at just 6.24% is unusually low, reducing alignment between management and minority shareholders
- PE ratio of 38.1x is expensive relative to broader financial services sector median of 20-25x
- Last year ROE dropped to 14% from 3-year average of 18%, indicating potential margin compression or rising equity base
- TTM profit growth of 12% lags behind TTM sales growth of 18%, suggesting operating leverage has weakened
- 1-year stock CAGR of just 1% indicates the market has already priced in much of the growth story
- Dividend yield of only 0.53% offers minimal income cushion if capital appreciation stalls
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- SMALLCAP World Fund sells 42.9L shares Jun 17
SMALLCAP World Fund sold 42.90 lakh shares on May 5, 2026 via open market, reducing its stake to 5.95% — a 2.04% reduction in holding.
- Rs 16.15 Cr block trade on NSE Jun 10
A block trade of approximately 1,51,003 shares executed at Rs 1,069.70 per share on NSE, aggregating Rs 16.15 crores, likely institutional in nature.
TL;DR: Recent newsflow for 360 ONE WAM is dominated by institutional stake adjustments rather than fundamental developments. SMALLCAP World Fund trimmed its position by 2.04%, and a mid-sized block trade was recorded on NSE. There are no clear headwinds or catalysts emerging from these events — the activity suggests routine portfolio rebalancing rather than a directional signal on the stock.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 482 | 573 | 550 | 630 | 791 | 849 | 865 | 780 | 821 | 911 | 1,098 | 1,181 | 1,115 |
| Expenses | 210 | 220 | 237 | 255 | 505 | 272 | 324 | 336 | 360 | 346 | 401 | 456 | 452 |
| Operating Profit | 272 | 353 | 313 | 375 | 286 | 577 | 541 | 444 | 461 | 566 | 697 | 725 | 663 |
| OPM % | 56% | 62% | 57% | 60% | 36% | 68% | 63% | 57% | 56% | 62% | 63% | 61% | 59% |
| Other Income | 48 | 8 | 73 | 41 | 260 | -1 | 28 | 154 | 101 | 69 | 9 | 39 | 54 |
| Interest | 108 | 125 | 146 | 167 | 207 | 214 | 232 | 222 | 218 | 229 | 254 | 296 | 312 |
| Depreciation | 12 | 13 | 14 | 14 | 17 | 16 | 17 | 17 | 20 | 32 | 39 | 41 | 43 |
| PBT | 200 | 224 | 227 | 235 | 323 | 345 | 319 | 359 | 324 | 374 | 413 | 427 | 363 |
| Tax % | 22% | 18% | 18% | 18% | 25% | 29% | 23% | 23% | 23% | 24% | 24% | 23% | 20% |
| Net Profit | 155 | 184 | 186 | 192 | 243 | 244 | 245 | 276 | 250 | 285 | 315 | 327 | 289 |
| EPS in Rs | 4.37 | 5.15 | 5.2 | 5.36 | 6.76 | 6.72 | 6.73 | 7.12 | 6.35 | 7.04 | 7.79 | 8.08 | 7.11 |
Profit & Loss
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,705 | 1,578 | 1,521 | 1,654 | 2,072 | 2,057 | 2,921 | 3,684 | 4,362 |
| Expenses | 652 | 589 | 698 | 715 | 915 | 766 | 1,216 | 1,292 | 1,655 |
| Operating Profit | 1,053 | 990 | 823 | 939 | 1,157 | 1,291 | 1,705 | 2,391 | 2,707 |
| OPM % | 62% | 63% | 54% | 57% | 56% | 63% | 58% | 65% | 62% |
| Other Income | 10 | 1 | 6 | 2 | 6 | 5 | 4 | -87 | 116 |
| Interest | 559 | 431 | 502 | 414 | 370 | 399 | 643 | 887 | 1,090 |
| Depreciation | 14 | 22 | 41 | 43 | 42 | 46 | 57 | 71 | 155 |
| PBT | 490 | 538 | 286 | 485 | 751 | 850 | 1,009 | 1,347 | 1,577 |
| Tax % | 22% | 30% | 30% | 24% | 23% | 23% | 20% | 25% | 23% |
| Net Profit | 380 | 375 | 201 | 369 | 578 | 658 | 804 | 1,015 | 1,216 |
| EPS in Rs | — | — | 5.77 | 10.5 | 16.28 | 18.48 | 22.41 | 25.83 | 29.94 |
| Div. Payout % | 19% | 23% | 87% | 167% | 84% | 373% | 74% | 23% | 40% |
Balance Sheet
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 17 | 17 | 18 | 18 | 36 | 36 | 39 | 41 |
| Reserves | 1,847 | 2,894 | 2,974 | 2,810 | 3,006 | 3,086 | 3,414 | 7,026 | 9,795 |
| Borrowings | 6,966 | 6,103 | 8,838 | 5,077 | 5,808 | 6,784 | 9,472 | 11,160 | 15,931 |
| Other Liabilities | 737 | 749 | 1,191 | 834 | 1,903 | 1,285 | 2,193 | 1,543 | 1,434 |
| Total Liabilities | 9,567 | 9,763 | 13,021 | 8,739 | 10,734 | 11,191 | 15,114 | 19,768 | 27,201 |
| Fixed Assets | 31 | 337 | 608 | 837 | 816 | 880 | 940 | 1,281 | 3,969 |
| CWIP | 22 | 173 | 1 | 2 | 0 | 39 | 64 | 88 | 0 |
| Investments | 1,111 | 3,053 | 6,512 | 2,513 | 4,072 | 3,609 | 5,948 | 7,608 | 8,842 |
| Other Assets | 8,403 | 6,200 | 5,899 | 5,386 | 5,846 | 6,663 | 8,163 | 10,791 | 14,389 |
| Total Assets | 9,567 | 9,763 | 13,021 | 8,739 | 10,734 | 11,191 | 15,114 | 19,768 | 27,201 |
Cash Flow
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating | -2,772 | 1,852 | 1,628 | 463 | 929 | -1,323 | -470 | -2,411 | -2,921 |
| Investing | 1,073 | -2,133 | -3,361 | 4,128 | -1,128 | 788 | -1,574 | -1,065 | -1,613 |
| Financing | 1,263 | -80 | 2,290 | -4,836 | 251 | 556 | 1,978 | 3,773 | 4,357 |
| Net Cash Flow | -437 | -362 | 557 | -245 | 52 | 21 | -67 | 297 | -177 |
| Free Cash Flow | -2,809 | 1,643 | 1,536 | 437 | 912 | -1,395 | -571 | -2,458 | -3,017 |
| CFO/OP | -251 | 203 | 213 | 62 | 98 | -84 | -12 | -88 | -90 |
Ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42 | 68 | 58 | 50 | 47 | 54 | 41 | 44 | 42 |
| Inventory Days | — | — | — | — | — | — | 0 | — | — |
| Cash Conversion Cycle | 42 | 68 | 58 | 50 | 47 | 54 | 41 | 44 | 42 |
| Working Capital Days | -1,010 | -84 | -18 | 17 | -166 | -41 | -121 | -15 | 40 |
| ROCE % | — | 11% | 8% | 9% | 13% | 13% | 14% | 15% | 12% |
Documents
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Company Information
IIFL Wealth Management Limited, founded in 2008, is one of the largest private wealth management firms in India. The company mainly acts as wealth manager and provides services relating to financial products distribution, advisory, portfolio management services by mobilizing funds and assets of various classes of investors including High Networth Individuals. [1][2]