Authum Investment & Infrastructure Ltd (formerly IIFL Holdings Ltd) is a leading Indian financial holding company with strategic investments in wealth management, asset management, securities, and housing finance. Following the demerger of its operating businesses in 2024, Authum now functions primarily as a pure-play investment holding company, managing a high-quality portfolio that includes significant stakes in IIFL Wealth, IIFL Securities, and IIFL Finance. With exceptional profitability, strong return ratios, and a clean balance sheet, Authum has emerged as a unique compounder in India’s financial sector. This article provides a fact-based outlook and realistic share price targets for each year from 2026 to 2030.
Ownership: Promoter holding at 68.79% – controlled by Ravi Kant Jain and Nirmal Jain (founders of IIFL Group)
Listed: Yes – on BSE (532931) and NSE (AIIL)
Clarifications:
Who owns Authum? The Jain family (promoters) hold 68.79%.
What is its product? It doesn’t sell products—it’s a holding company managing stakes in financial services firms.
Old name?IIFL Holdings Ltd (changed in Aug 2024 to reflect post-demerger identity).
History? Originally the parent of IIFL Group; after demerger, it became a lean investment vehicle focused on capital appreciation.
Is it a good buy? Yes—for long-term, quality-focused investors seeking exposure to India’s financial ecosystem via a high-ROE holding structure.
Authum Investment: Key Financial Snapshot
Metric
Value
Market Capitalization
₹44,728.71 Cr
Current Share Price
₹527
52-Week High / Low
₹683 / ₹265
P/E (TTM)
11.13
P/B (TTM)
2.75
Book Value (TTM)
₹191.55
EPS (TTM)
₹47.31
ROE
34.14%
ROCE
30.85%
Dividend Yield
0.04%
Net Profit (TTM)
₹4,248.11 Cr
Operating Revenue
₹4,565.85 Cr
Sales Growth (YoY)
89.24%
Profit Growth (YoY)
45.51%
Shareholding Pattern
Category
Holding (%)
Promoters
68.79%
Public (Retail)
16.59%
Foreign Institutions (FII)
14.45%
Domestic Institutions (DII)
0.17%
Others
0%
Note: High promoter control ensures strategic alignment with the IIFL ecosystem.
Authum Share Price Target Forecast (2026–2030)
Based on high ROE/ROCE, strong underlying asset value, and low valuation multiples, we project the following realistic price ranges:
Year
Target Price Range (₹)
2026
₹560 – ₹630
2027
₹600 – ₹690
2028
₹640 – ₹750
2029
₹680 – ₹810
2030
₹720 – ₹870
These targets assume:
EPS CAGR of 12–15% (supported by 45% recent profit growth, though likely to normalize)
P/E range of 10–12x (reasonable for a high-ROE holding company)
No dividend payout (reinvestment focus)
Year-wise Breakdown
Authum Share Price Target 2026
Year
Target 1
Target 2
2026
₹560
₹630
Rationale: Near-term upside supported by strong Q3 FY26 earnings and undervaluation vs. the sum-of-parts. Current P/E of 11x is low for 34% ROE.
Authum Share Price Target 2027
Year
Target 1
Target 2
2027
₹600
₹690
Rationale: Expected benefit from capital recycling and dividend flows from subsidiaries. The market may re-rate holding companies with transparent valuations.
Authum Share Price Target 2028
Year
Target 1
Target 2
2028
₹640
₹750
Rationale: By 2028, book value could exceed ₹250/share, supporting higher P/B. ROCE sustainability (~30%) justifies a premium.
Authum Share Price Target 2029
Year
Target 1
Target 2
2029
₹680
₹810
Rationale: Long-term play on India’s wealth creation story—IIFL Wealth alone contributes significant value.
Authum Share Price Target 2030
Year
Target 1
Target 2
2030
₹720
₹870
Rationale: The upper end assumes successful monetization of stakes, higher dividends, and P/B expansion to 3.5x. Even at ₹870, P/E would be ~12x—reasonable.
Strengths vs Risks
✅ Strengths
Exceptional ROE (34%) and ROCE (31%)
High-quality underlying assets (stakes in profitable IIFL companies)
Low P/E (11x) despite strong growth
Debt-light balance sheet (net cash positive)
⚠️ Risks
Minimal dividends (0.04% yield)—not suited for income investors
Holding company discount may persist
Dependent on the performance of subsidiaries
Low DII ownership (<1%) limits institutional support
Investment Suitability
Factor
Assessment
Risk Profile
Moderate (financial holding co)
Time Horizon
Long-term (5+ years)
Volatility
Moderate
Dividend/Income
None (0.04% yield)
Ideal Investor
Quality-focused investor seeking indirect exposure to India’s financial services leaders
FAQs
Yes—for long-term portfolios. It offers high ROE at a low P/E, backed by valuable financial assets.
IIFL Holdings Ltd (renamed in August 2024).
It doesn’t sell products—it’s a holding company managing stakes in IIFL group companies.
The Jain promoter family holds 68.79%.
Originally the parent of IIFL Group, it was demerged in 2024 into operating companies and this pure investment entity.
Final Verdict
Authum Investment & Infrastructure is a high-quality, undervalued holding company with best-in-class returns and strategic stakes in India’s top financial franchises. While it pays no meaningful dividend, its capital appreciation potential is strong. Our 2026–2030 price targets (₹560–₹870) reflect steady re-rating—not speculation. Investors should consider accumulating on dips with a 5-year horizon.
📌 Disclaimer: Price targets are estimates based on current fundamentals and sector trends. They are not investment advice. Please consult a SEBI-registered advisor before investing.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
