360 One Wam
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
360 One WAM's management remains optimistic about the company's growth trajectory, driven by strong inflows in its wealth management segment and strategic initiatives to enhance its asset management capabilities. The focus on scaling its relationship management franchise and diversifying revenue streams through partnerships, such as with UBS, positions the company well to capture international flows and expand its market share. However, challenges persist, particularly in the asset management segment, where institutional outflows and competitive pressures may impact net flows. Vista's financial outlook reflects a moderation in revenue growth, with stable margins anticipated as the company navigates these dynamics. The balance sheet remains a concern due to weak cash conversion, which could hinder operational flexibility. Overall, while the asset management industry is poised for growth, 360 One WAM must effectively manage its cost-to-income ratio and capitalize on emerging opportunities to sustain profitability. Key opportunities include the integration of new business lines and the expansion of its digital wealth platform, while headwinds include competitive pressures and potential volatility in institutional mandates
Why We Like This Stock
- Strong inflows in wealth management and strategic partnerships are expected to drive revenue growth
- Management's focus on diversifying revenue streams and enhancing operational efficiencies supports long-term profitability
- The asset management industry is experiencing structural growth, providing a favorable backdrop for 360 One WAM's expansion
Things To Watch Out For
- Institutional outflows and competitive pressures in the asset management segment may hinder net flows
- Weak cash conversion on the balance sheet poses risks to operational flexibility and growth initiatives
- Rising costs and a challenging cost-to-income ratio could impact overall profitability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 2,921 | 3,684 | 4,362 | 4,458 | 5,326 |
| Profit Before Tax (Cr.) | 1,009 | 1,435 | 1,577 | 1,680 | 2,175 |
| PBT Margin | 34.5% | 39.0% | 3615.3% | 37.7% | 40.8% |
| Net Profit (Cr.) | 850 | 1,101 | 1,220 | 1,298 | 1,681 |
| Earnings Per Share | 20.9 | 27.1 | 30.0 | 31.9 | 41.3 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Bernstein | ▲ Outperform | 1,330 | 17-Jul-2026 |
| Citigroup | ▼ Sell | 1,600 | 17-Jul-2026 |
| Investec | ▼ Sell | 1,300 | 17-Jul-2026 |
| JMFinancials | ▲ Buy | 1,320 | 21-Apr-2026 |
| Jeffries | ▲ Buy | 1,340 | 17-Jul-2026 |
| Kotak Securities | ► Add | 1,250 | 17-Jul-2026 |
| Moneycontrol | ▲ Overweight | nan | 22-Apr-2026 |
| Motilal Oswal | ▲ Buy | 1,300 | 17-Jul-2026 |
Company Overview
Show Company Profile
360 One Wam Limited, together with its subsidiaries, engages in the provision of wealth and asset management services primarily in India. It operates through Wealth Management and Asset Management segments. The Wealth Management segment distributes financial products; advisory, broking and research, portfolio management, corporate treasury solutions, estate planning and managing services for financial products. This segment is also involved in lending and investment activities. The Asset Management segment engages in the management of pooled funds under various products and structures, such as mutual funds, alternative asset funds, portfolio management and related activities, advisory and offshore spanning public and private equity, fixed income, and real assets. It serves professionals, corporate treasuries, family offices, entrepreneurs, and public figures. The company was formerly known as IIFL Wealth Management Limited and changed its name to 360 One Wam Limited in January 2023. 360 One Wam Limited was incorporated in 2008 and is based in Mumbai, India.