ADVERTISEMENT

Cholamandalam Investment - Going Strong Despite Supply-Side Headwinds: Motilal Oswal

Cholamandalam Investment - Going Strong Despite Supply-Side Headwinds: Motilal Oswal

<div class="paragraphs"><p>An employee counts Indian rupee banknotes. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
An employee counts Indian rupee banknotes. (Photographer: Dhiraj Singh/Bloomberg)

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.

Motilal Oswal Report

Cholamandalam Investment and Finance Company Ltd. is a franchise we have always felt very strongly about owing to its ability to play different credit cycles better than its peers.

We particularly like that even within vehicle finance, it very tactically turns underweight/overweight in different product segments to deliver industry-leading growth and the most benign credit costs.

Understandably, Cholamandalam Investment’s disbursements in the recent quarter (Q2) were propped up by strong disbursements in the loan-against porperty segment. However, one also needs to understand that the LAP franchise has been strengthened significantly in the last two years.

Its performance in disbursements (including LAP and home loans) has been superior versus peers, while collection efficiency has consistently been 100% plus for the past few months.

Click on the attachment to read the full report:

Motilal Oswal Cholamandalam Investmnet & Finance Company Update.pdf

DISCLAIMER

This 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.