IL& FS Investment Managers (NSE:IVC) EV-to-OCF: 11.70 (As of Sep. 10, 2026)

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
73 GF Score
Price ₹9.97
GF Value ₹12.82
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is IL& FS Investment Managers EV-to-OCF?

IL& FS Investment Managers NSE:IVC -0.50% 73 EV-to-OCF is 11.70 as of Sep. 10, 2026. GuruFocus rates NSE:IVC with a GF Score™ of 73/100 and a GF Value™ of ₹12.82 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 518 Diversified Financial Services companies, IL& FS Investment Managers ranks worse than 91.89% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, IL& FS Investment Managers's Enterprise Value is ₹2,506.2 Mil. IL& FS Investment Managers's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₹214.2 Mil. Therefore, IL& FS Investment Managers's EV-to-OCF for today is 11.70.

The historical rank and industry rank for IL& FS Investment Managers's EV-to-OCF or its related term are showing as below:

NSE:IVC' s EV-to-OCF Range Over the Past 10 Years
Min: -569.99   Med: -0.12   Max: 33.24
Current: 12.11

During the past 13 years, the highest EV-to-OCF of IL& FS Investment Managers was 33.24. The lowest was -569.99. And the median was -0.12.

NSE:IVC's EV-to-OCF is ranked worse than
91.89% of 518 companies
in the Diversified Financial Services industry
Industry Median: -47.145 vs NSE:IVC: 12.11

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-09-10), IL& FS Investment Managers's stock price is ₹9.97. IL& FS Investment Managers's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0.120. Therefore, IL& FS Investment Managers's PE Ratio (TTM) for today is 83.08.


IL& FS Investment Managers  (NSE:IVC) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

IL& FS Investment Managers's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=9.97/0.120
=83.08

IL& FS Investment Managers's share price for today is ₹9.97.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. IL& FS Investment Managers's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹0.120.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


IL& FS Investment Managers EV-to-OCF Related Terms


IL& FS Investment Managers EV-to-OCF Historical Data

* Premium members only.

The historical data trend for IL& FS Investment Managers's EV-to-OCF 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 EV-to-OCF Chart

IL& FS Investment Managers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.08 -113.38 -28.68 -18.71 6.19

IL& FS Investment Managers Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EV-to-OCF 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 -28.68 0.00 -18.71 0.00 6.19

NSE:IVC vs FRHC, VOYA: EV-to-OCF Comparison

For the Financial Conglomerates subindustry, IL& FS Investment Managers's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, IL& FS Investment Managers's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where IL& FS Investment Managers's EV-to-OCF falls into.


NSE:IVC
73GF Score
IL& FS Investment Managers Ltd NSE:IVC
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IL& FS Investment Managers EV-to-OCF Calculation

IL& FS Investment Managers's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=2506.233/214.213
=11.70

IL& FS Investment Managers's current Enterprise Value is ₹2,506.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. IL& FS Investment Managers's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₹214.2 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 EV-to-OCF →
What does a EV-to-OCF of 11.70 mean?
IL& FS Investment Managers (NSE:IVC) has a EV-to-OCF of 11.70 as of Sep. 10, 2026. According to the industry distribution chart, IL& FS Investment Managers ranks #476 out of 518 companies in the Diversified Financial Services industry, placing it in the top 91.9%.
Is IL& FS Investment Managers' EV-to-OCF too high?
IL& FS Investment Managers' current EV-to-OCF is 11.70. Based on the distribution chart, IL& FS Investment Managers ranks #476 out of 518 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, IL& FS Investment Managers has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IL& FS Investment Managers' EV-to-OCF compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, IL& FS Investment Managers ranks #476 out of 518 companies for EV-to-OCF. This places IL& FS Investment Managers in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Diversified Financial Services company?
A good EV-to-OCF depends on the Diversified Financial Services industry context. However, EV-to-OCF 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. IL& FS Investment Managers's current EV-to-OCF is 11.70. 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 Modestly Undervalued. The stock's GF Value™ is ₹12.82, compared to a current price of ₹9.97 — trading 22.2% below its estimated fair value. The current EV-to-OCF is 11.70. IL& FS Investment Managers' overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For IL& FS Investment Managers (NSE:IVC), the current EV-to-OCF is 11.70 as of Sep. 10, 2026. 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 undervalued. The current stock price of ₹9.97 is trading 22.2% below its estimated GF Value™ of ₹12.82. GuruFocus considers IL& FS Investment Managers to be Modestly Undervalued.

Key valuation signals for NSE:IVC:

  • EV-to-OCF: 11.70
  • GF Value™: ₹12.82 vs. price of ₹9.97 (22.2% below fair value)
  • GF Score™: 73/100 with 7 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.
73GF Score

Get the complete analysis for NSE:IVC

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹9.97
Price
₹12.82
GF Value