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Nirmal Bang Report
Repco Home Finance Ltd. has made several improvements in company structure/processes besides overhauling tech operations in the past 1.5 years.
Execution in terms of asset quality metrics has also been strong. Our branch visit suggest a pick-up in disbursement momentum over the next few quarters, resulting in faster growth.
Current valuation at 0.9 times FY26E price/adjusted book value is extremely attractive and one of the cheapest in the sector. Maintain Buy with a target price of Rs 620 (1.1 times FY26E price/adjusted book value).
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