Quick notes:
Trading @ P/B → 0.8 (MCap → 23600 Crores & BV → INR 30,000 Crores, 14-Sep-2022)
- 2027 Aspiration: ROA → High 2% to Low 3% & Leverage (Net Debt to Equity) 3.5-4.5x | Implies ROE 12%~18%
- Build a large diversified Financial Services | Hired key top-quality senior talent (Mr. Jairam Sridharan, Mr. Rupen Jhaveri, Mr. Kalpesh Kikani, Mr. Yesh Nadkarni,and Mrs. Upma Goel)
Anticipated events:
- Monetizing Shriram stake | Post listing (~ October) of Shriram finance
- Eyeing bank license | Best way to build a sustainable large-scale lending business.
- M&A to scale up the evolving product lines | Launched microfinance recently
Sources –
Disclosure – No Investment as of now.
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