'Buy' Piramal Finance Maintains Motilal Oswal, Revises Target Price — Check Details

Piramal Finance’s four-year transformation has been a deliberate, disciplined derisking exercise, shifting the business from a wholesale-heavy model to a diversified, retail-led franchise with far more predictable performance..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.Piramal Finance Ltd. has emerged as a large, young, and fast-scaling non-banking financial company with a clear leadership position in semi-urban India. The company’s disciplined pivot toward retail, strong growth in affordable housing, competitive pricing, stable risk behavior, and improving operating leverage position it well for meaningful profitability expansion. With a clear pathway toward improving RoA, reducing legacy wholesale portfolio, potential credit rating upgrade, and additional capital release from any Shriram Life/General stake sale, we expect consistent compounding over the next several years.Piramal Finance is now moving into a phase where the benefits of its multi-year transformation should start reflecting more strongly in its financial performance. With a predominantly retail portfolio in place, the company is positioned for greater stability in credit costs and clearer margin visibility. The earnings volatility of the transition years is now firmly behind it, as the legacy wholesale book has been substantially run down and the retail engine will now drive consistent, predictable outcomes. We estimate a total AUM CAGR of ~23% and a ~26% CAGR in Retail AUM over FY25-28. We recently upgraded the stock to Buy and we maintain our stance with a revised target price of Rs 1,790 (based on Sep’27 SOTP)..Click on the attachment to read the full report:.This Hotel Stock Can Rally Upto 71%, Says Yes Securities — Do You Own It? .DISCLAIMERThis 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.

'Buy' Piramal Finance Maintains Motilal Oswal, Revises Target Price — Check Details

With a predominantly retail portfolio in place, Piramal Finance is positioned for greater stability in credit costs and clearer margin visibility.

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