Sumit Bilgaiyan
HDFC is evergreen stock. If you looked at it’s Q4FY18 numbers, it’s quite healthy. Profit increased by 28.63 percent to Rs 3960 crore with revenues up by 17.78 percent to Rs 21,248.79 crore as against Rs 18,040.59 crore.
HDFC’s gross non-performing loans as on Q4FY18 stood at Rs 4,019 crore. This is equivalent to 1.11 percent of the loan portfolio. The non-performing loans of the individual portfolio stood at 0.64 percent, while that of the non-individual portfolio stood at 2.18 percent. Net interest margin for the FY18 was 4 percent.
HDFC’s total individual loan disbursements grew by 29 percent during the year with average size of individual loans stood at Rs 26.4 lakh. On assets under management (AUM) basis, the growth in the individual loan book
was 18 percent and the non-individual loan book was 17 percent. The growth in the total loan book was 18 percent.
This is classis stock with lot of macro tailwinds and value unlocking through listing of subsidiaries we believe this stock is at strong wicket and any correction in HDFC is an opportunity to accumulate with target of Rs 2,250.
Disclaimer: The author is Founder of Equity99. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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