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The bonds would be of 10-year maturity, with a yield of 9.5-10 percent
We expect the company’s loan growth to remain 23 percent over next two years and earnings growth is likely to be more than 28 percent. The stock currently trades at 1.9x FY2019E ABV.
However, the profit during the fourth quarter of 2016-17 soared to Rs 2,218 crore taking into account one time exceptional gain of Rs 1,969.43 crore on stake sale in its insurance arm DHFL Pramerica Life Insurance to its wholly owned subsidiary DHFL Investments Ltd.