Table of Contents
- Credit growth is expected to be strong and there is stability in margin and credit cost Fedfina has seen a strong traction in its assets under management (AUM) that have grown at a CAGR (compounded annual growth rate) of 47.5 percent in the past seven years PRO Only Highlights- Quarterly performance largely backed by improved realisations- Medium-term triggers China plus and protectionist measures for tyre industry- Valuations not inexpensive; but improved medium-term outlook Highlights Tepid listing of Fedfina A largely secured asset book, growth momentum to sustain We see tailwinds in the gold loan business Margin should remain stable Credit cost to remain benign on steady asset quality Opex to moderate, expect uptick in RoA Earnings growth decent, stock should mimic the same Fedbank Financial Services (Fedfina, CMP: Rs 141, Market Cap: Rs 5215 crore, Rating: Overweight), which recently got listed, had a tepid debut on bourses. The stock has since then been consolidating at the level of its IPO price….
- Fedfina has seen a strong traction in its assets under management (AUM) that have grown at a CAGR (compounded annual growth rate) of 47.5 percent in the past seven years
Credit growth is expected to be strong and there is stability in margin and credit cost
![Does Fedbank Financial deserve a place in the long-term portfolio? Does Fedbank Financial deserve a place in the long-term portfolio?](https://cdn.shortpixel.ai/stsp/to_webp,q_lossy,ret_img/https://images.moneycontrol.com/static-mcnews/2023/11/stock-photo-double-exposure-of-graph-and-rows-of-coins-for-finance-and-business-concept-530884738-770x433.jpg)
Fedfina has seen a strong traction in its assets under management (AUM) that have grown at a CAGR (compounded annual growth rate) of 47.5 percent in the past seven years
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Highlights Tepid listing of Fedfina A largely secured asset book, growth momentum to sustain We see tailwinds in the gold loan business Margin should remain stable Credit cost to remain benign on steady asset quality Opex to moderate, expect uptick in RoA Earnings growth decent, stock should mimic the same Fedbank Financial Services (Fedfina, CMP: Rs 141, Market Cap: Rs 5215 crore, Rating: Overweight), which recently got listed, had a tepid debut on bourses. The stock has since then been consolidating at the level of its IPO price….