Reliance Capital Ltd. share price target and research reports

Name: Latest research reports of Reliance Capital Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Reliance Capital Ltd.
Rating: 3
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for RELCAPITAL, BSE:500111 Reliance Capital Ltd.

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Reliance Capital Ltd.

12 Jun 2019

Reliance Capital

Not Rated: Reliance Capital Ltd.

ICICI Securities Limited

Recently, on April 26, 2019, rating company Icra downgraded short-term rating on two Anil Ambani-led entities Reliance Home Finance and Reliance Commercial Finance. Rating on Reliance Commercial Finance's commercial paper programme of | 1,200 crore, has been downgraded to junk grade of D from A4 with rating watch on negative implications. Reliance...

Reliance Capital Ltd.

15 Feb 2019

Reliance Capital

Hold: Reliance Capital Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Reliance Capital reported a slightly muted performance with growth moderating across lending businesses and higher interest cost denting profit. Among major changes was opening net worth adjustment that was quite significant as per Q2 consolidated balance sheet reporting, as NW as on Q2FY19 from March 2018 had gone down by ~| 8000-9000 crore to | 6845 crore led by group exposure ECL provisions. Q3FY19 numbers came in below estimate with revenues at | 5016...

Reliance Capital Ltd.

28 Nov 2018

Reliance Capital

Hold: Reliance Capital Ltd.

Recommendation Target

ICICI Securities Limited

Earnings improvement on track, NW to be watched Reliance Capital reported an operationally stable performance with businesses being good; the pressure of related group accounts led to...

Reliance Capital Ltd.

12 Sep 2018

Reliance Capital

Buy: Reliance Capital Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Reliance Capital reported slightly disappointing results as even with operational businesses being good, the pressure of related group accounts seems to have led to significantly higher ECL provisions (| 442 crore) and MTM on fair value of investments (| 216) crore in last Q1. Networth adjustment also appears to be on the higher side at ~| 5000-6000 crore at least from FY18 base of |16600 crore. Though networth erosion is there led by expected credit loss provisions on...

Reliance Capital Ltd.

27 Apr 2018

Reliance Capital

Buy: Reliance Capital Ltd.

ICICI Securities Limited

Reliance Capital reported a PAT of | 428 crore reporting growth of 2% YoY, 36% QoQ led by gain of | 100 crore from Sula Vineyards sale. Marginally slower growth was seen on the consolidated topline front with revenues declining 2% YoY to | 5008 crore on impact of AMC IPO and lower life NBP premiums. One-time capital gains continued from IPO in AMC in FY18 with PAT numbers growing 21% YoY to |...

Reliance Capital Ltd.

09 Feb 2018

Reliance Capital

Buy: Reliance Capital Ltd.

ICICI Securities Limited

Reliance Capital reported in line consolidated results on the topline front with revenues growing 19% to | 4722 crore in spite of treating AMC as associate from subsidiary. One-time capital gains continued from IPO in AMC resulting in PAT growth of 50% YoY to | 315 crore. Home finance and AMC recorded strong growth while the life insurance business continued moderate performance In Q3FY18, for AMC (listed), the topline, PBT grew 31%, 25% YoY to | 470 crore and | 130 crore, respectively. PAT grew 24% YoY to | 130...

Reliance Capital Ltd.

16 Nov 2017

Reliance Capital

Buy: Reliance Capital Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Reliance Capital reported in line consolidated results on the topline front with revenues growing 7% to | 5254 crore in spite of treating AMC as an associate from the subsidiary. One-time capital gains from an earlier stake sale to Nippon Life in AMC resulted in PAT growth higher than estimate to | 352 crore AMC (listed) remained strong with reported strong revenue at | 436 crore while PBT grew 20% YoY to | 177 crore (Q1FY18- | 150 crore)....

Reliance Capital Ltd.

18 Aug 2017

Reliance Capital

Buy: Reliance Capital Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Reliance Capital (RCap) has re-emerged on its growth path with concentrated focus on each business segment. Renewed management strategy is expected to improve RoEs in each business and contribute to improving consolidated profit. Stake sale via IPO, non core assets sale will enhance FY18 capital gains, networth and thereby enable debt reduction. Enhanced management focus, surge in earnings growth expected Healthy growth is seen in the AMC business with strong capital markets...

Reliance Capital Ltd.

28 Jul 2017

Reliance Capital

Buy: Reliance Capital Ltd.

Target

ICICI Securities Limited

Consolidated PAT grew 15% YoY to |238 crore higher than our estimate of |207 crore, not comparable QoQ. Revenues also grew 33% YoY to |4857 crore better than expected AMC remained strong with revenue and PBT, grew 14% YoY to | 395 crore and | 150 crore, respectively and AUM at |362550 crore. The life insurance business remained weak as it continued weeding out unprofitable business whereby new business premium was flat YoY at | 183 crore and marginal growth was in renewal premium to |...

Reliance Capital Ltd.

20 May 2017

Reliance Capital Ltd Q4FY17 results comment

Results Update: Reliance Capital Ltd.

HDFC Securities

Operating Income rose by 63.64% to Rs. 630.0 Cr in Q4FY17 when compared to the previous quarter.

Is Reliance Capital Ltd. worth buying?

494 Votes:

Buy 71.05%

Sell 22.06%

Hold 6.88%