IDFC FIRST BANK (PUBLISHED RESEARCH 2 MONTHS AGO What's happening in IDFC First Bank? Loan book as on Dec 18 1.04 lakh cr Sep 20 1.06 lakh cr Growth of just 2% Right? But what's fishing inside. Retail loan as % of Total Loan book as on Dec 18 35% Sep 20 56% Now why that's important IDFC before merging with capital first was significantly focused on wholesale loans but Capital First on the opposite side a play on Retail loan under extraordinary leadership under V. Vaidyanathan Sir! Now why that's a big change of Wholesale to Retail? Wholesale simply means big ticket size ,few clients and lower margins..and IDFC before Merger was bleeding NPA's. Now Retail loan have lower ticket size, many clients , Higher rate charged and also Expertise of V. Vaidyanathan who knows in and out of Retail loan. Which can be seen by Top 10 borrowers exposure Dec 18 12.81% Sep 20 7.07% And Increasing NIM( Net Interest Margin- Basically the difference of i...
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As normalcy has started coming up .. 2021 -25 could be the years of! 1) Traveling and Tourism Industry (Especially 2021) Rich class and upper Middle class are craving to go out... Traveling craving is just like Pizza you can't hold on for too long! 2)Life Insurance industry got a tag line for generations to come "Why we are part of your basic necessities" 3)FMCG is normal theme everytime but ths time focus on companies which offer high nutritional eating items. (Corona has made everyone health conscious....people will eat out definitely ..but now immunity booster products will slip into normalcy in our daily routine!) 4)World is now looking for China +1... significant raw material for pharma companies from China ...watch out for companies aggressively doing or intent to do capex for backward integration! 5) Lockdown brought many people to share market for fun... curiosity has rosed in many...you know what i mean! Watch out for broking Industry, Depository and AMCs. 6)D...
#NIM - Net Interest Margin? (Interest earned- Interest expended)/Average Earning assets #ROA - Return on Assets Net Profit/Average Total Assets So now to understand Will NIM- ROA make sense? if yes...What will that imply? Also before that what's the difference between Earning Assets of Bank and Total Assets? Lets see what RBI has to say: Earning Assets includes loans and advances, investments of all types, interest earning deposits with banks/ others and market lending to banks. Cool so basically those assets from which Banks are directly generating earnings...thats why...Earning Assets Right? So what will be th difference between Total Assets and Earning Assets.. Fixed Assets of bank mostly? Right.. So how much is Fixed Assets of Banks as % of total assets... lets see of HDFC Bank...it is less than 1%.. Also in schedule you have to see what's in other assets... Although other Assets for HDFC bank is around 3-4% of Total Assets. So overall we may loosely assume denominator ma...
CREDIT CARD BUSINESS? How big the market could be of Credit Card in India? Some data points to show the potential growth *Note: All data approx* 1)Population of our Country :140cr 2)No of people who have bank accounts: 115cr 3)No of people whose bank accounts are operational: 86cr 4)No of people who are in age group above 20: 85cr. 5)No of Debit Card users in India: 83cr 6)Population living in urban area: 48cr 7)No of people who filled income tax return:5cr 8)No of credit card users: 5.8cr 9)Credit card spend as % of GDP in India: 3% US: 17% Brazil: 12% 10)Credit card dues are expected to grow at a CAGR of 24% till 2024. Reply Forward
Have you seen Logo of Indigo paints? A zebra! Wait....look carefully... Something Unique? Zebra is Black and White Stripted...but the logo has different colours ... Why...What the logo wants to say? To show the uniqueness amoung all or say only of a kind.... And so is the tag line... "Be Surprised" Equity Research is the fun of knowing..Why,What,When,How and Who! See the recorded Segment of Today's News Per Views on Zee Business to get more insights! Questions are the only answers! ----------------------------------------------------------------------------- Indigo Paints at TTM PE of 140 seems very costy ? If i say based on certain assumption which analyst took it is priced at around 50% Discount? Curious How? Lets See! IPO subscribed by 117 times around. Reason? Hype of IPO market? True But is that's the only Reason... Let me give you one analytical reason which in my belief caught eye of HNI's and Quality Institutional Investor! a) Company will do capex of 15...
IMPROVING MARGINS? One common phenomenon you must be seeing is margins of most of the companies are improving... Every organisation during covid understood one thing......every penny used should have optimum utilisation.. As a result for most of them now long term cost have reduced due to cost effective/efficient measures which now will be new normal. its just like when you have surplus you don't give much thinking on irrelevant expenses or extra expenses...but when you face defecit you start thinking on the lines.. But here is the catch...See inside the Financial which cost has come down... Is it just because of low operation or a genuine cost cutting which seems sustainable henceforth!
In Brookfield India REIT IPO Wondered how Units calculated in Brookfield RIET? Total number of units company told 30.2cr units. No of units forms the basis for deciding NAV and also Market cap... So if i don't know how 30.2 units came...how can i move forward... Have any1 wondered how it came????? If not try to Find answer...first yourself! So here is the Answer How 30.28 units came? New issue of *13.81* units @275 = 3798 Now for Reits its the value of Investment property and PPE which forms the basis of units issud logically. So as on 30 September 2020 Investment Property value in books = 4493 PPE = 12cr So total value of Investment property and PPE in books = 4504cr 4504/275 = *16.4 units* ...... So my total units =16.4+13.8 = *30.2* Units!!!
Have you ever wondered how NAV of REIT's Company is calculated? Is it directly the total Equity? In previous post have covered how units are calculated when the bring IPO.. So is NAV directly Total Equity/No. of units? What will you find a Big chunk in REIT balance sheet? Investment property Right? Can the book value of property be different than Fair Value of property? Yes Right? So For calculating NAV should i take fair value of property? Logically i must Right? But who will give me Fair value? A valuation report from a certified valuer! and guess what company gives it in its fillings!
HERANBA IPO (ZEE BUSINESS) BASIC DETAILS ABOUT IPO (23 Feb-25 Feb) Price Band 626-627 Bid Lot 1 (23 shares) Fresh Issue- AT Upper Band 60cr Fresh Issue (Shares) 9.57 lacs OFS shares 90.15 lac OFS amount 565.2 Total issue amount- AT Upper Band 625 Post issue Implied Market Cap 2450 Post issue (Shares) Cr 3.90 Book Runner and Lead Managers: Emkay Global Financial &Batlivala and karani Securities SHAREHOLDING Particular Pre-Issue Post-Issue Promoter 98.85% 74.15% Public 1.15% 25.85% Total 100.0% 100.0% Revenue f...