Indiabulls Housing Finance Ltd Housing Finance

compare with

Manappuram Finance Ltd Finance (including NBFCs)

Market Cap.: ₹ 33,648.05 Cr.

Current Price: ₹ 794.00

Book Value: ₹ 295.54

Stock P/E: 12.64

Dividend Yield: 5.30%

Face Value: ₹ 2.00

– Stock is providing a good dividend yield of 5.30%.-

Company has good consistent profit growth of 96.24% over 5 years-

Company has a good return on equity (ROE) track record: 3 Years ROE 29.33%-

Company has been maintaining a healthy dividend payout of 63.28%

Cons:- Company has low interest coverage ratio.-

Promoter’s stake has decreased- Promoter holding is low: 24.05%

Lowest P/E in competitors

Very less expense business

high profit

Net Profit :  2662.53

compound sales: 22%

Profit growth 20%

Buy right now 

No cash ?? what 

Cash flow analysis 

Gruh fin very costly stock 

can fin : avg costly 25% growth demand 

if price goes down 

mortgage loan will increase with affordable housing 

missed opportunity in dec 

Repco Home Finance Ltd Housing Finance

Manappuram Finance Ltd Finance (including NBFCs)

Manappuram Finance Ltd Finance (including NBFCs)

look out for new opportunities 

I think the group – Indiabulls is infamous for corporate governance issues. Aren’t their better opportunities in other HFC’s/Banks/NBFC’s?

 

Buffet once said that he invests only in high quality finance businesses because these businesses are highly leveraged. This leverage results in magnifying the quality of the management, both good and bad. So, I keep away from banks and NBFCs with corporate governance issues.

has acquired 40% stake in a UK  bank, ‘OakNorth’, which is focused

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s