Equitas Holdings Ltd. share price target

Strong growth ahead in an underpenetrated market ............................................. 5 Building blocks for a diversified liability base ...................................................... 16 The Small Finance Bank Story ............................................................................. 20 Key risks............................................................................................................. 27 Key takeaways from our ground reality check ..................................................... 28 Bull & Bear case ................................................................................................. 31 SWOT analysis .................................................................................................... 33 Company background ......................................................................................... 34...

Equitas Holdings is one of the fastest growing microfinance institutions in India having a wide portfolio of product. Backed by strong Management and recently procured license for setting up a small finance bank (SFB), it is all set for its next leg of growth. Post its conversion into a SFB, Equitas intends to continue to focus on high yi..

Equitas Holdings Ltd. (EHL) is one of the ten companies to receive Small Finance Bank (SFB) license. EHL, through its three 100% owned subsidiaries, operates in various small ticket segments like microfinance, used commercial vehicle finance, MSE finance and housing finance. At consolidated levels, AUM has grown at 50% CAGR F11-FY15 while net earnings have grown at 39% CAGR over FY11-15. RoAAs/ROE?s have been at ~2.9/11.2% (FY15), with leverage at 3.8x.

Equitas Holdings Ltd (EHL) is a Chennai based diversified financial service provider focused on individuals and Micro and Small Enterprises (MSEs) that are underserved by formal financing channels. The company has three wholly owned subsidiaries Equitas Micro Finance Ltd (EMFL), Equitas Finance Ltd (EFL) and Equitas Housing Finance Ltd (EHFL). Through its subsidiaries, it is present in microfinance, vehicle finance, SME and affordable housing segments. As on December 31, 2015, it has spread its operations across eleven states one union territory and the NCT of Delhi through network of 539 branches. On a...

Equitas Holdings (Equitas) is a diversified financial services player with presence across microfinance, vehicle & MSE finance and housing finance. With a humble start in 2007, it has emerged as the fifth largest micro finance player in a short period of time. Equitas is amongst the ten players to have received a small finance bank li..

Equitas Holdings is a diversified financial services company, catering to self-employed individuals and the micro & small enterprise (MSE) segment. It has three subsidiaries for its micro finance (under Equitas Microfinance), vehicle finance and MSE loans (Equitas Finance) and home loan (Equitas Housing Finance) businesses. The IPO consists of fresh funds as well Offer for sale totaling Rs 2176.68 crore (at the higher price band). Out of the fresh funds, Rs 616 crore will be utilized by the company to invest in subsidiaries, namely, EFL (vehicle finance and MSE finance businesses), EMFL (microfinance business) and EHFL (housing finance business), to augment their capital base to meet their future capital requirements arising out of growth in our business. Over the years, Equitas has built a brand for itself, particularly in the microfinance business and was the 5th largest microfinance company in India in terms of...

Background Equitas is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels on accountoftheirinformal,variableandcashbasedincomeprofile.Itoffersvariousloans&...