NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
We cut FY25/26 earnings by 2%/5% mainly on increasing the credit cost assumption. Given that flows into the early buckets have stabilized, incremental risk on current credit cost and growth expectations appears low.
On consolidated basis, we expect Bajaj Finance Ltd. to deliver 22-24% earnings growth on 24-25% AUM growth over FY24-27 with average RoA/RoE of 4%/21%. Bajaj Finance has exhibited resilience in growth and profitability through various phases of competition, credit cycles and liquidity conditions.
Stock is trading at palatable valuation (16 times PE and 3.1x P/BV on FY27) and further indications of credit cost stabilisation would re-rate Bajaj Finance.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
UPL Q2 Results Review - Pricing Pressure Continues To Hurt Operating Performance: Motilal Oswal
Nov 12, 2024
Dr. Reddy’s Q2 Results Review - Performance Inline With Expectations; Upgrade To 'Hold': Systematix
Nov 06, 2024
Interim Q2 Results Review - Soft; Inline Excluding Commodities: Motilal Oswal
Nov 04, 2024
Bajaj Finance Q2 Results Review: Analysts Cut Target Price On Higher Credit Cost Guidance
Oct 23, 2024
POPULAR