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.
Motilal Oswal Report
Cholamandalam Investment and Finance Company Ltd. delivered a strong operating performance, supported by healthy disbursement momentum, ~22% YoY AUM growth, and steady margins.
While asset quality witnessed some sequential deterioration, management attributed it to normal seasonal trends rather than any underlying portfolio stress and remains confident of asset quality improvement going forward.
The stock currently trades at ~3.9x FY27 P/B.
The brokerage models a compound annual growth rate of 20%/21%/ 27% in disbursement/AUM/PAT over FY26-28E.
Motilal Oswal estimates an RoA/RoE of ~2.7%/20% in FY28E and reiterates its Buy rating with a target price of Rs 2,140 (premised on 4x Mar'28E book-value-per-share).
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
