External broker reports(aggregated public sources), Sharekhan

Sharekhan

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Cholamandalam Investment and Finance / Equity Bottom-Up

Cholamandalam Investment and Finance (CIFC IN)

<ul><li>Moreover, CIFC remains a key beneficiary in the lower interest rate regime as NIMs are likely to improve led by lower cost of funds along with higher share of fixed-rate vehicle book.</li><li>Asset quality performance has been broadly satisfactory unlike peers, although new segments (CESL, SME, SBPL) remain a key monitorable as it is still an unseasoned loan book.</li><li>Stock trades at 5.4x/4.3x/3.4x FY2025E/FY2026E/FY2027E BV estimates.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Moreover, CIFC remains a key beneficiary in the lower interest rate regime as NIMs are likely to improve led by lower cost of funds along with higher share of fixed-rate vehicle book.Asset quality performance has been broadly satisfactory unlike peers, although new segments (CESL, SME, SBPL) remain a key monitorable as it is still an unseasoned loan book.Stock trades at 5.4x/4.3x/3.4x FY2025E/FY2026E/FY2027E BV estimates.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cholamandalam Investment and Finance Company Ltd - Outperformance to Continue