Bharat Financial Inclusion Ltd. share price target and research reports

Name: Latest research reports of Bharat Financial Inclusion Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: Bharat Financial Inclusion Ltd.
Rating: 3
Author: Centrum Broking

Latest analyst research reports with target prices and PDF download for BHARATFIN, BSE:533228 Bharat Financial Inclusion Ltd.

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Bharat Financial Inclusion Ltd.

10 Aug 2018

Bharat Fin

Hold: Bharat Financial Inclusion...

Target

Centrum Broking

Bharat Financial Inclusion Ltd (BFIL), for Q1FY19, continued to report good set of numbers with the non-AP loan book growing 43.7% YoY to 13,832 crore as on 30 Jun'18, the fastest growth post-demonetisation. Net interest income and preprovisioning profit grew by 70% and 56%, respectively. With a 207bps YoY decline in cost-income ratio (CI%) and lower credit cost, the net profit grew at a robust pace of 196% (2.9x) to 142 crore. Asset quality remained healthy with the gross NPAs at 0.3% and net NPAs at 0.1%, as on 30 Jun'18. Recommendation: Since our last update (Hold: Q4FY18 @ 1,145 on 27 Apr'18), the stock of BFIL achieved our then target price of 1,240 and corrected to 1,204...

Bharat Financial Inclusion Ltd.

27 Apr 2018

Bharat Fin

Hold: Bharat Financial Inclusion...

Target

Centrum Broking

Robust loan growth at pre-demonetisation pace: The disbursements growth remained robust at 47.1% YoY in Q4 at 5,738 crore (FY18 growth of 26% to 18,472 crore). The gross loans grew 37.6% to 12,594 crore as on 31 Mar'18. The growth was driven by new customer additions active borrowers up 16% YoY and addition of 938 new borrowers in Q4 (up 123% YoY) vs. 421 in Q4 last year and 751 in Q3FY18. The company further plans to expand to 4 more states in FY19 with a total of initial 5 branches in each Gujarat, Tamil Nadu, Assam and Tripura. BFIL expects 2-wheeler and housing loans to pick up in FY19. For FY19, the...

Bharat Financial Inclusion Ltd.

26 Apr 2018

Bharat Financial Inclusion Ltd Q4FY18 results Comment

Results Update: Bharat Financial Inclusion...

HDFC Securities

Operating Income increased by 7.06% to Rs. 539.16 Cr in Q4FY18 when compared to the previous quarter. Bharat Financial Inclusion Ltd Q4FY18 results Comment

Bharat Financial Inclusion Ltd.

27 Feb 2018

Bharat Fin

Hold: Bharat Financial Inclusion...

Centrum Broking

Loan growth picking up pace: After several quarters of slower growth in disbursements and loans, the same grew at a robust pace of 58.1% to 4,712 crore and 34.4% to 11,466 crore, respectively as on 31 Dec'17. Additionally, of the total gross loan book, only 10% is pre-demonetisation era, rest all has been disbursed post 1 Jan'17 and has 99.8% collection efficiency. This builds further comfort in the growth going ahead management guidance of ~30% sustainable in the long term. BFIL has maintained their guidance of disbursements at 19,500 crore and gross loan book at 13,500 crore for FY18. Over FY17-20E, the loan book is...

Bharat Financial Inclusion Ltd.

30 Oct 2017

Bharat Financial Inclusion: Post-demonetization recovery taking root

Neutral: Bharat Financial Inclusion...

Motilal Oswal

BHAFIN reported 2QFY18 PAT of INR1.2b (3% miss), driven by a healthy uptick in net income (+4% beat), offset by higher-than-expected credit costs. We believe that a post-demonetization recovery is taking root, and is likely to continue in the coming quarters. AUM grew 17% YoY to INR106b, reflecting an upward trajectory for the second consecutive quarter. This, coupled with the fact that active borrowers Financials & Valuations (INR m)...

Bharat Financial Inclusion Ltd.

27 Jul 2017

Bharat Financial Inclusion Ltd Q1FY18 results comment

Results Update: Bharat Financial Inclusion...

HDFC Securities

Operating Income increased by 11.78% to Rs. 411.18 Cr in Q1FY18 when compared to the previous quarter Operating Income increased by 11.78% to Rs. 411.18 Cr in Q1FY18 when compared to the previous quarter

Bharat Financial Inclusion Ltd.

19 Apr 2017

Bharat Financial Inclusion

Buy: Bharat Financial Inclusion...

Dynamic Levels

Microfinance has become an effective tool that can help bringing economic equilibrium and reduce poverty. Bharat Financial ltd is one company that spread economic opportunity by giving poor people access to financial services, such as credit and insurance. Bharat Financial Inclusion is the largest microfinance company in India in terms of gross loan portfolio. The company's core business is providing small value loans and other basic financial services to its customers, who are predominantly located in rural areas. The company provides loans mainly for use in small businesses or for other income generating activities and not for personal consumption. BHARAT FINANCE has an AUM of over INR8500....

Is Bharat Financial Inclusion Ltd. worth buying?

29 Votes:

Buy 79.31%

Sell 17.24%

Hold 3.45%