Aavas Financiers - Another Gruh In Making: Prabhudas Lilladher Initiates Coverage

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Aavas Financiers Ltd. mirrors strong business model of yesteryear’s Gruh Finance. We reckon company will continue to command premium valuations as-Aavas Financiers is the only niche dominant play in the self-employed affordable housing finance space which has been overlooked not only by banks but also non banking financial companies,it maintains pricing power backed by risk-adjusted yields and cost effective funding,it has a differentiated lean operating model backed by technology,it boasts of in-house risk management systems and impeccable asset quality,it maintains strong capital buffers with superior execution skills. We expect impressive growth across earnings parameters with 24% assets under management compound annual growth rate, net interest margins at average 7.2%, non performing asset of 1.3% and industry leading return on asset/return on equity at 3.2%/17.0% plus over FY22-24E..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Aavas Financiers - Another Gruh In Making: Prabhudas Lilladher Initiates Coverage

Aavas Financiers - Another Gruh In Making: Prabhudas Lilladher Initiates Coverage

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