Dewan Housing Finance Corporation Ltd. share price target and research reports

Name: Latest research reports of Dewan Housing Finance Corporation Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Dewan Housing Finance Corporation Ltd.
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for DHFL, BSE:511072 Dewan Housing Finance Corporation Ltd.

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Dewan Housing Finance Corporation Ltd.

30 Sep 2021

Completion of the DHFL acquisition a positive; transitioning from a 'trust me ' to a 'show me ' story

Buy: Dewan Housing Finance Corp...

Motilal Oswal

Piramal Enterprises (PIEL) reported completion of DHFL's acquisition after it paid INR342.5b to the latter's creditors. This included an upfront cash component of INR147b and deferred component of INR195.5b paid via 10year NCDs raised at 6.75% p.a. Principal on NCDs will be repaid at 5% p.a. for the first five years and 15% p.a. thereafter for the next five years. As per the resolution plan, there was an additional carve out consideration of INR38.1b from the available cash on Dewan Housing Finance's (DHFL)...

Dewan Housing Finance Corporation Ltd.

31 Jan 2019, 12:00AM

Dewan Housing Finance Corporation Ltd

Not Rated: Dewan Housing Finance Corp...

Angel Broking

Due to the development regarding the cobra post expose on DHFL, we recommend a Neutral rating on the stock, given the significant uncertainties that now surround the stock. Hence, in our opinion, it will take long time for the dust to settle and for the company to regain investor confidence. Considering the above issues,

Dewan Housing Finance Corporation Ltd.

30 Jan 2019

DEWAN HOUSING FIN COR

Not Rated: Dewan Housing Finance Corp...

Geojit BNP Paribas

...

Dewan Housing Finance Corporation Ltd.

25 Jan 2019

Growth moderates; sell-downs to be a key strategy going forward

Buy: Dewan Housing Finance Corp...

Target

Motilal Oswal

25 January 2019 Dewan Housings (DEWH) PAT declined 37% YoY to INR3.2b (18% below estimate) in 3QFY19. Over the past quarter, the company focused on liquidity management, while growth took a backseat. It raised INR163b of borrowings, largely from portfolio sell-downs. Due to curtailed disbursements, AUM declined 3% QoQ to INR1.27t. Management reiterated its priority to reduce the builder loan portfolio share to 5% of AUM by end-FY19. Management targets to infuse INR20b of equity capital by March 2019 by means including stake sale in non-core assets. Gross Stage 3 loans increased 16bp QoQ to 1.12%. DEWH is a focused play on low-ticket housing. While the company had been gaining traction in core affordable housing loans, it opportunistically diversified into non-retail loans over the past few years. However, this is expected to normalize and DEWH is likely to focus on its core strength of being a low-ticket affordable housing financier.

Dewan Housing Finance Corporation Ltd.

07 Dec 2018

Result Updates

Buy: Dewan Housing Finance Corp...

Target

Angel Broking

Dewan Housing Finance (DHFL) posted steady operating performance yet again in 2QFY18, however, liquidity issues began at the end of the quarter. DHFLs business grew in the quarter with a 35% yoy rise in loan book to `1,10,100cr. Further, in-line with the loan book, AUMs also increased by 38% yoy in the quarter. At the bottom-line, the co..

Dewan Housing Finance Corporation Ltd.

28 Nov 2018

EARNINGS UPDATE-DHFL 2QFY19

Buy: Dewan Housing Finance Corp...

Target

Chola Wealth Direct

Dewan Housing Finance Corporation Ltd.

24 Sep 2018

EVENT UPDATE- DHFL

Buy: Dewan Housing Finance Corp...

Chola Wealth Direct

Dewan Housing Finance Corporation Ltd.

16 Aug 2018

Dewan Housing Finance Corporation Ltd Q1FY19 results Comment

Results Update: Dewan Housing Finance Corp...

HDFC Securities

Operating Income increased by 12.41% to Rs. 3149.67 Cr in Q1FY19 when compared to the previous quarter. Dewan Housing Finance Corporation Ltd Q1FY19 results Comment

Dewan Housing Finance Corporation Ltd.

16 Aug 2018

EARNINGS UPDATE- DHFL-1QFY19

Buy: Dewan Housing Finance Corp...

Chola Wealth Direct

Background: Dewan Housing Finance Corporation (DHFL) promoted by the Wadhwan group, commenced operations in 1984. DHFL with a total AUM of INR 1,209bn is the 3rd largest housing finance company with a market share of nearly~ 4% and operates through a network spread across in 352 locations. It is the only Housing Finance Company with focus on LMI customer segment. Distribution footprint is primarily spread across Tier II / III cities and outside the municipal limits of the Metros with...

Dewan Housing Finance Corporation Ltd.

11 Jul 2018

MANAGEMENT MEET NOTE- DHFL

Buy: Dewan Housing Finance Corp...

Chola Wealth Direct

Background: Dewan Housing Finance Corporation (DHFL) promoted by the Wadhwan group, commenced operations in 1984. DHFL with a total AUM of INR 1,111bn is the 3rd largest housing finance company with a market share of nearly~ 4% and operates through a network spread across in 349 locations. It is the only Housing Finance Company with focus on LMI customer segment. Distribution footprint is primarily spread across Tier II / III cities and outside the municipal limits of the Metros with...

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Is Dewan Housing Finance Corporation Ltd. worth buying?

938 Votes:

Buy 76.23%

Sell 15.99%

Hold 7.78%