The half-yearly results of HDB Financials Services have been published and the same has been tabulated below.
| Particulars(cr) | Half-Year ended 30-09-2019 |
Half-year ended 30-09-2018 |
Year Ended 31.03.2019 |
| Total Income | 5250 | 4078 | 8724 |
| Expense | 4495 | 3266 | 7000 |
| Net-Profit | 427 | 525 | 1149 |
| Equity | 785 | 782 | 785 |
| EPS | 5.44 | 6.71 | 14.64 |
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sujit
considering Bajaj Finance current pe of 55 and book value of 323, it is price to book of 13 times. HDB book value is 94 and if we calculate using Bajaj finances price to book it should be valued at 1222. take into consideration Hdfc Bank brand and enterprise value and parenting company benefit, it should be approximately listing at 1500-1700 after listing. pls comment
Market Wizard
Pricing will depend upon what management is ready to leave on table for investors. The same thing happened in HDFC AMC, it was trading at around 1200-1300 in the unlisted market, but issue price was Rs.1150, however, it gave a listing gain of Rs.600 per share and within a year, return of 3x. The HDB financial will command a rich valuation considering the kind of consolidation going on in the NBFC segment post-IL&FS fiasco. Big will become big and will eat small company shares in the future.
Market Wizard
Very much possible.
sujit
when is the ipo coming in 2021? what will be the probable listing comparing Bajaj Finance current price ?
Market Wizard
The IPO will come this year.