Name: Latest research reports of GRUH Finance Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: GRUH Finance Ltd.
Rating: 3
Author: Geojit BNP Paribas

GRUH Finance Ltd.

NSE: GRUH | BSE: 511288 | ISIN: INE580B01029 | Industry: Housing Finance
| Expensive Performer

GRUH Finance Ltd.

31 Dec 2018

GRUH FINANCE LTD

Hold: GRUH Finance Ltd.

Geojit BNP Paribas

GRUH primarily provides home loans to individuals and families, especially in the lower-income group in the rural and semi-urban areas, for purchase, construction, extension, repair and renovation. NII increased at a modest pace of 9% YoY in Q2FY19 mainly due to 27 bps Asset quality continues to remain broadly stable as Gross NPA ratio increased marginally by 2 bps QoQ (21 bps YoY) to 0.9% as of Q2FY19. We project Gross/Net NPA ratios at 1.0%/0.5% by FY20E. Though we like GRUH in the HFCs space, the current stock price has...