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Saturday, January 14, 2012

Cholamandalam Investment & Finance Company Ltd:-Buy/sell/growth prospects and recommendation,news and results,target,view and outlook,multibagger

Scripscan:Cholamandalam Investment & Finance Company Ltd

Story:Cholamandalam Investment and Finance Company Limited, a non banking finance company, together with its subsidiaries, provides various financial services to individual and institutional customers in India. The company offers vehicle finance for new and used HCVs, LCVs, SCVs, MLCVs, MUVs, tractors, and cars and 3 wheelers; corporate mortgage loans against collateral of equity shares, commercial/ residential property, and combination of current assets and shares for corporations, promoters, high net worth individuals, and retail broking clients; and loans against residential property to self employed individuals. It also offers mutual funds, life and general insurance, equities, real estate, private equity, and fixed income products. In addition, the company provides stock broking and equity advisory services to institutional and individual investors, as well as acts a depository participant with National Securities Depository Limited and Central Depository Services (India) Limited. As of September 30, 2011, it operated approximately 342 branches. The company was formerly known as Cholamandalam DBS Finance Limited and changed its name to Cholamandalam Investment and Finance Company Limited in June 2010. The company was founded in 1978 and is headquartered in Chennai, India. Cholamandalam Investment and Finance Company Limited is a subsidiary of Tube Investments of India Ltd.The management’s strategy is to leverage its good brand name, strong rural exposure (bottom of the pyramid focus) and relationship with corporate group to establish these businesses. It estimates GF/TF book size ofRs2bn/3bn in FY12 and LTV of 70-80%. The GF/TF business yield is estimated at20-22%/18%, higher than LCV yield at 14.5%.I currently don’t build these inmy estimates and will wait to look for growth trends in these businesses.Management confident of strong FY12 growth outlook and gave strong overall disbursements growth guidance of 15-20% with 30%/20-23% in VF/HE business.I expect strong earnings growth from FY12, on strong underlying nos of asset finance businesses now getting reflected.Maintain Buy with a price target of Rs215 to be achieved in the next 18 months.

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This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.

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