Shriram City Union Finance Ltd. share price target and research reports

Name: Latest research reports of Shriram City Union Finance Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Shriram City Union Finance Ltd.
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for SHRIRAMCIT, BSE:532498 Shriram City Union Finance Ltd.

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Shriram City Union Finance Ltd.

23 Oct 2022

Better product mix aided margin; asset quality further improves

Buy: Shriram City Union Finance...

Target

Motilal Oswal

Shriram City Union Finance Ltd.

29 Jul 2022

Seeing strength on liability side; growth momentum to sustain

Buy: Shriram City Union Finance...

Target

Motilal Oswal

Shriram City Union Finance Ltd.

01 May 2022

Going from strength to strength; operationally strong quarter

Buy: Shriram City Union Finance...

Target

Motilal Oswal

Shriram City Union Finance Ltd.

30 Jan 2022

Healthy execution in an operationally strong quarter

Buy: Shriram City Union Finance...

Target

Motilal Oswal

PPoP in line; lower credit costs drive PAT beat SCUF posted a 3QFY22 PAT of INR2.93b, up 5% YoY and 4% QoQ (12% beat). The beat on PAT was driven by lower credit costs, which were 9% below estimates (but up 8% QoQ/24% YoY) at INR2.2b. PPOP was largely in line at INR6.1b (up 8% YoY and 5% QoQ). 3QFY22 was characterized by a healthy ~23% YoY growth in disbursements with the company delivering record-high disbursements in 2W and personal loans. This led to AUM growing 13% YoY/6% QoQ to INR322.5b....

Shriram City Union Finance Ltd.

29 Oct 2021

Consolidation phase over; getting back to its growth ways

Buy: Shriram City Union Finance...

Target

Motilal Oswal

PAT in line; minor improvement in Stage 3 SCUF posted a PAT of INR2.82b (up 10% YoY and 36% QoQ, in line) in 2QFY22. PPOP was largely in line at INR5.8b (up 3% YoY and 2% QoQ). NII/credit costs stood in line ~INR9b/~INR2b. 2QFY22 was characterized by a sequentially strong growth of ~40% in disbursements and ~5bp QoQ improvement in GS3. Access to liquidity has considerably improved for SCUF and it has now reverted back to its pre-ILFS quarterly disbursement run-rate of INR65-70b....

Shriram City Union Finance Ltd.

05 May 2021

EARNINGS UPDATE- SCUF LTD 4QFY21

Buy: Shriram City Union Finance...

Recommendation Target

Chola Wealth Direct

Background: Shriram City Union Finance (SCUF), the retail finance arm of the Shriram Group, offers diversified loan products ranging from low risk (loan against gold) to high risk segments (small business loans and two-wheeler financing). Strong group parentage (three decades expertise in the finance services space) is among the key positives. The company benefits from Shriram Chits' branch infrastructure and existing customers, deriving more than 85% of its business from...

Shriram City Union Finance Ltd.

03 May 2021

Stable performance on asset quality; disbursements recover

Buy: Shriram City Union Finance...

Target

Motilal Oswal

In 4QFY21, disbursements across most products were back to pre-COVID levels. MSME disbursements recovered to pre-COVID levels (INR18b), while those in 2W were 30% higher. SCUF commenced LAP (AUM of INR1.9b) in 4QFY21. Until now, it was in the pilot phase. As a result of healthy disbursements, AUM grew 4% QoQ to INR296b. As MSME financing has taken a back seat in the past few quarters, its share has declined by over 600bp to 51% over the past year....

Shriram City Union Finance Ltd.

16 Feb 2021

EARNINGS UPDATE- SCUF LTD 3QFY21

Neutral: Shriram City Union Finance...

Recommendation Target

Chola Wealth Direct

Shriram City Union Finance Ltd.

31 Jan 2021

Strong performance on asset quality; disbursements recover

Buy: Shriram City Union Finance...

Target

Motilal Oswal

SCUF posted 3QFY21 PAT of INR2.8b (-6% YoY; 45% beat). While NII stood at INR8.8b (in line), lower-than-expected credit costs (INR1.8b v/s our estimate of INR3b) led to the beat. Total 3QFY21 credit costs include INR5.9b worth of COVID-19 provisions. The quarter was characterized by a healthy pickup in disbursements and strong performance on asset quality....

Shriram City Union Finance Ltd.

17 Nov 2020

EARNINGS UPDATE- SCUF LTD 2QFY21

Buy: Shriram City Union Finance...

Recommendation Target

Chola Wealth Direct

Is Shriram City Union Finance Ltd. worth buying?

79 Votes:

Buy 73.42%

Sell 17.72%

Hold 8.86%