Buy Capital First; target of Rs 965: Prabhudas Lilladher

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Prabhudas Lilladher's research report on Capital First

CAFL's earnings was slightly slower at Rs952mn (PLe: Rs1,012mn) on back of increased provisioning & opex, but overall top line was much stronger than expected with continued increase in spreads and stronger AUM growth of 36% YoY. AUM mix continues to be steady within MSME/Consumer/2W segments. Wholesale mix (now 6.5%) and off B/s mix (now 13.0%) continue to decline. We expect merger should conclude by Dec'18 as certain approvals are yet to be received but CAFL will continue to build strong loan book and improve its return ratios gradually.

Outlook
We retain BUY with TP of Rs965 on 2.6x Mar-20 ABV (down from 2.9x Sep-19 ABV).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More