HDFC IN

Housing Development Finance Corp Ltd

Finance/Real Estate


Presented:02/12/2018
Price:₹1,805.40
Cap:$47.25B
Current Price:₹2,729.95
Cap:$81.54B

Presented

Date02/12/2018
Price₹1,805.40
Market Cap$47.25B
Ent Value$93.59B
P/E Ratio18.73x
Book Value₹396.49
Div Yield1.66%
Shares O/S1,622.22M
Ave Daily Vol370,764
Short IntN/A

Current

Price₹2,729.95
Market Cap$81.54B
Housing Development Finance Corp. Ltd. operates as a housing finance company. The company's offerings include loans for purchase and construction of a residential unit, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options include step-up repayment facility and flexible loan installment plan. It operates in India, Kuwait, Oman, Qatar, Saudi Arabia, Singapore, United Arab Emirates and United Kingdom. Housing Development Finance was founded by Hasmukh Thakorda Parekh on October 17, 1977 and is headquartered in Mumbai, India.

Publicly traded companies mentioned herein: HDFC Bank Ltd (HDFCB IN), HDFC Standard Life Insurance Co Ltd (HDFCLIFE IN), Housing Development Finance Corp Ltd (HDFC IN), ICICI Bank Ltd (IBN)

Highlights

The presenter is long India’s largest mortgage lender, Housing Development Finance Corp (HDFC), and sees substantial upside despite a seemingly rich valuation with shares trading at ~1,800 INR. With extremely low loss rates and room for both mortgage growth in the Indian market and “a lot of underappreciated asset value” in its portfolio, the risk/ reward appears to be favorable for a multi-year investment in the financial conglomerate.

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Idea Discussion

Commentor 1 - 2 weeks ago

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