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has buy call on Repco Home Finance with a target price of Rs 470. The current market price of is Rs 136.05. Time period given by analyst is one year when . price can reach defined target.
Repco Home Finance Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 856.15 Crore) operating in NBFC sector.
Repco Home Finance Ltd. key Products/Revenue Segments include Interest, Other Operating Revenue and Other Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 324.23 Crore, down -.37 % from last quarter Total Income of Rs 325.45 Crore and down -4.73 % from last year same quarter Total Income of Rs 340.34 Crore. Company reported net profit after tax of Rs 42.03 Crore in latest quarter.
Investment Rationale
Company’s business franchise is currently undervalued – the stock trades below FY23E book and ~3x earnings, and is available at <0.1x AUM. It maintains BUY with a revised target price of Rs470 (earlier: Rs563), assigning 1.1x Sep’23E book. Key risks: Fundamentally weak performance derailing growth, and behaviour of the restructured portfolio.
Promoter/FII Holdings
Promoters held 37.13 per cent stake in the company as of 31-Mar-2022, while FIIs owned 17.91 per cent, DIIs 19.71 per cent.
Repco Home Finance Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 856.15 Crore) operating in NBFC sector.
Repco Home Finance Ltd. key Products/Revenue Segments include Interest, Other Operating Revenue and Other Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 324.23 Crore, down -.37 % from last quarter Total Income of Rs 325.45 Crore and down -4.73 % from last year same quarter Total Income of Rs 340.34 Crore. Company reported net profit after tax of Rs 42.03 Crore in latest quarter.
Investment Rationale
Company’s business franchise is currently undervalued – the stock trades below FY23E book and ~3x earnings, and is available at <0.1x AUM. It maintains BUY with a revised target price of Rs470 (earlier: Rs563), assigning 1.1x Sep’23E book. Key risks: Fundamentally weak performance derailing growth, and behaviour of the restructured portfolio.
Promoter/FII Holdings
Promoters held 37.13 per cent stake in the company as of 31-Mar-2022, while FIIs owned 17.91 per cent, DIIs 19.71 per cent.
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