IL& FS Investment Managers (NSE:IVC) Change In Receivables: ₹37.6 Mil (TTM As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:IVC IL& FS Investment Managers Ltd NSE:IVC
64 GF Score
Price ₹8.07
GF Value ₹5.68
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is IL& FS Investment Managers Change In Receivables?

IL& FS Investment Managers NSE:IVC -0.12% 64 Change In Receivables is ₹37.6 Mil as of Sep. 2025. GuruFocus rates NSE:IVC with a GF Score™ of 64/100 and a GF Value™ of ₹5.68 (Significantly Overvalued). The stock has 5 warning signs investors should review.

IL& FS Investment Managers's change in receivables for the quarter that ended in Sep. 2025 was ₹48.1 Mil. It means IL& FS Investment Managers's Accounts Receivable declined by ₹48.1 Mil from Mar. 2025 to Sep. 2025 .

IL& FS Investment Managers's change in receivables for the fiscal year that ended in Mar. 2025 was ₹95.9 Mil. It means IL& FS Investment Managers's Accounts Receivable declined by ₹95.9 Mil from Mar. 2024 to Mar. 2025 .

IL& FS Investment Managers's Accounts Receivable for the quarter that ended in Sep. 2025 was ₹0.0 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. IL& FS Investment Managers's Days Sales Outstanding for the six months ended in Sep. 2025 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. IL& FS Investment Managers's liquidation value for the six months ended in Sep. 2025 was ₹0.0 Mil.

IL& FS Investment Managers  (NSE:IVC) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

IL& FS Investment Managers's Days Sales Outstanding for the quarter that ended in Sep. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/129.635*91
=0.00

2. In Ben Graham's calculation of liquidation value, IL& FS Investment Managers's accounts receivable are only considered to be worth 75% of book value:

IL& FS Investment Managers's liquidation value for the quarter that ended in Sep. 2025 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0-0+0.75 * 0+0.5 * 0
=0.0

* 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 Change In Receivables Related Terms

IL& FS Investment Managers Change In Receivables Historical Data

* Premium members only.

The historical data trend for IL& FS Investment Managers's Change In Receivables can be seen below:

* 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 Change In Receivables Chart

IL& FS Investment Managers Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -42.68 94.57 -134.05 -103.32 95.87

IL& FS Investment Managers Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -64.42 -38.90 106.34 -10.47 48.05
NSE:IVC
64GF Score
IL& FS Investment Managers Ltd NSE:IVC
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IL& FS Investment Managers Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹37.6 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of ₹37.6 Mil mean?
IL& FS Investment Managers (NSE:IVC) has a Change In Receivables of ₹37.6 Mil as of Sep. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for IL& FS Investment Managers and its competitors.
Is IL& FS Investment Managers' Change In Receivables too high?
IL& FS Investment Managers' current Change In Receivables is ₹37.6 Mil. Overall, IL& FS Investment Managers has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IL& FS Investment Managers' Change In Receivables compare to FRHC and VOYA?
IL& FS Investment Managers' Change In Receivables of ₹37.6 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Diversified Financial Services company?
A good Change In Receivables depends on the Diversified Financial Services industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for IL& FS Investment Managers and its competitors. IL& FS Investment Managers's current Change In Receivables is ₹37.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IL& FS Investment Managers stock overvalued right now?
Based on GuruFocus' analysis, IL& FS Investment Managers (NSE:IVC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5.68, compared to a current price of ₹8.07 — trading 42.1% above its estimated fair value. The current Change In Receivables is ₹37.6 Mil. IL& FS Investment Managers' overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For IL& FS Investment Managers (NSE:IVC), the current Change In Receivables is ₹37.6 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IL& FS Investment Managers (NSE:IVC) Overvalued in 2026?

Based on GuruFocus' analysis, IL& FS Investment Managers stock appears to be overvalued. The current stock price of ₹8.07 is trading 42.1% above its estimated GF Value™ of ₹5.68. GuruFocus considers IL& FS Investment Managers to be Significantly Overvalued.

Key valuation signals for NSE:IVC:

  • Change In Receivables: ₹37.6 Mil
  • GF Value™: ₹5.68 vs. price of ₹8.07 (42.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the NSE:IVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IL& FS Investment Managers Business Description

Other Exchanges 511208:India
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.
64GF Score

Get the complete analysis for NSE:IVC

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹8.07
Price
₹5.68
GF Value