CAN FIN HOMES
Financial Results & Auditors Report for March 31, 2014
Link: Click Here
Board recommends Dividend:
Can Fin Homes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 26, 2014, inter alia, have recommended a dividend at Rs. 6.50/- per share (face value Rs. 10/- per equity share) for the financial year 2013-14, to be declared at the 27th annual general meeting of the Company to be held on or before September 30, 2014.
New Investor Presentation:
Link: Click Here
For Q4 FY'14,
Total Income stood at 161.67 Cr Vs 113.23 Cr yoy, growth of 43%.
Net Profit stood at 20.11 Cr Vs 15.54 Cr yoy, growth of 29%
EPS stood at 9.8 Vs 7.6
For full year FY'14 Vs FY'13
Total Income stood at 578 Cr Vs 392.7 Cr, growth of 47%.
Net Profit stood at 75.71 Cr Vs 54.12 Cr, growth of 40%.
EPS stood at 37 Vs 26.4.
My Views:
The growth continues to be stronger on account of higher net interest income. The loan book of the company has grown by 46% as seen in new investor presentation, and it is expected to grow stronger going ahead. The management is very confident about coming year, because of further addition of new branches, from existing 83 branches in 15+ states of the country.
With EPS of 37, the company is still looking cheaper, when compared with its peers in terms of P/E ratio. Not considering the ill-effects of election outcome, I change my target to 300 now, from earlier target of 200, given here:
http://fundamentalstockideas.blogspot.in/2013/06/few-more-multibaggers-for-long-term.html
DEWAN HOUSING
Financial Results for March 31, 2014
Link: Click Here
Board recommend Final Dividend & Special Dividend:
Dewan Housing Finance Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2014, has recommended dividend to be paid out of current year profits @ Rs. 2/- per equity share to the equity shareholders as final dividend along with additional special 30th Anniversary celebration dividend @ Rs. 3/- per equity share, aggregating to Rs. 8/-, per equity share for the year 2013-14.
Latest Investor Presentation (Jan '14)
Link: Click Here
For Q4 FY'14,
Total Income stood at 1417.08 Cr Vs 1716.6 Cr yoy, decline of 17%.
Net Profit stood at 141.17 Cr Vs 196.63 Cr yoy, decline of 28%.
EPS stood at 11 Vs 16.77.
For the full year FY'14 Vs FY'13,
Total Income stood at 4969.68 Cr Vs 4078.94 Cr, growth of 22%.
Net Profit stood at 529 Cr Vs 451.85 Cr, growth of 17%.
EPS stood at 41.23 Vs 38.47.
My Views:
The numbers for this quarter were disappointing, but for the full year, the growth of 22% is not that bad. In the year, the company showed 29% increase in sanction of housing loans. As you all know, we entered the script just based on sheer undervaluation, rather then preferring the sector. In that sense, the script is still slightly cheaper, but being a mid-cap, the expectations are always higher. Hence you are bound to see, ups and downs, if the numbers don't turn out to be favorable. It would not be a wrong move, to do some profit booking, as it is already trading almost 50% higher from the recommended price, seen in link above. As said earlier also, if you are ready to face challenges from election outcome, one can still continue to hold remaining shares, at this price. Looking at this quarter numbers, I would like to change the earlier target of 250 to 275 now for long term.
For safe players, new entry in both the stocks, is not suggested before election outcome.
Financial Results & Auditors Report for March 31, 2014
Link: Click Here
Board recommends Dividend:
Can Fin Homes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 26, 2014, inter alia, have recommended a dividend at Rs. 6.50/- per share (face value Rs. 10/- per equity share) for the financial year 2013-14, to be declared at the 27th annual general meeting of the Company to be held on or before September 30, 2014.
New Investor Presentation:
Link: Click Here
For Q4 FY'14,
Total Income stood at 161.67 Cr Vs 113.23 Cr yoy, growth of 43%.
Net Profit stood at 20.11 Cr Vs 15.54 Cr yoy, growth of 29%
EPS stood at 9.8 Vs 7.6
For full year FY'14 Vs FY'13
Total Income stood at 578 Cr Vs 392.7 Cr, growth of 47%.
Net Profit stood at 75.71 Cr Vs 54.12 Cr, growth of 40%.
EPS stood at 37 Vs 26.4.
My Views:
The growth continues to be stronger on account of higher net interest income. The loan book of the company has grown by 46% as seen in new investor presentation, and it is expected to grow stronger going ahead. The management is very confident about coming year, because of further addition of new branches, from existing 83 branches in 15+ states of the country.
With EPS of 37, the company is still looking cheaper, when compared with its peers in terms of P/E ratio. Not considering the ill-effects of election outcome, I change my target to 300 now, from earlier target of 200, given here:
http://fundamentalstockideas.blogspot.in/2013/06/few-more-multibaggers-for-long-term.html
DEWAN HOUSING
Financial Results for March 31, 2014
Link: Click Here
Board recommend Final Dividend & Special Dividend:
Dewan Housing Finance Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2014, has recommended dividend to be paid out of current year profits @ Rs. 2/- per equity share to the equity shareholders as final dividend along with additional special 30th Anniversary celebration dividend @ Rs. 3/- per equity share, aggregating to Rs. 8/-, per equity share for the year 2013-14.
Latest Investor Presentation (Jan '14)
Link: Click Here
For Q4 FY'14,
Total Income stood at 1417.08 Cr Vs 1716.6 Cr yoy, decline of 17%.
Net Profit stood at 141.17 Cr Vs 196.63 Cr yoy, decline of 28%.
EPS stood at 11 Vs 16.77.
For the full year FY'14 Vs FY'13,
Total Income stood at 4969.68 Cr Vs 4078.94 Cr, growth of 22%.
Net Profit stood at 529 Cr Vs 451.85 Cr, growth of 17%.
EPS stood at 41.23 Vs 38.47.
My Views:
The numbers for this quarter were disappointing, but for the full year, the growth of 22% is not that bad. In the year, the company showed 29% increase in sanction of housing loans. As you all know, we entered the script just based on sheer undervaluation, rather then preferring the sector. In that sense, the script is still slightly cheaper, but being a mid-cap, the expectations are always higher. Hence you are bound to see, ups and downs, if the numbers don't turn out to be favorable. It would not be a wrong move, to do some profit booking, as it is already trading almost 50% higher from the recommended price, seen in link above. As said earlier also, if you are ready to face challenges from election outcome, one can still continue to hold remaining shares, at this price. Looking at this quarter numbers, I would like to change the earlier target of 250 to 275 now for long term.
For safe players, new entry in both the stocks, is not suggested before election outcome.
Cera Sanitaryware hits the recommended target today of 1000 Rs given here:
ReplyDeletehttp://fundamentalstockideas.blogspot.in/2013/10/cera-sanitaryware-safe-investment.html
Still requesting a hold at CMP for those who have long term view, but partial profit booking is not a bad idea, just to be safe, and enjoy the returns we have got so far..
Kunal, for DHFL, i think one of the reasons for not great numbers is the extra other income i.e. 2cr compared to last 17cr around...if we ignore this then its not that bad results...right? I still think it can deliver good returns in years to come subject to stable gov n friendly policy...
ReplyDelete-Mayur
Of course, they have lots of potential, if the policies are friendly, but don't quite agree to your point of other income, as a difference of 15 Cr is not that much, when the overall income is around 1400 Cr.
DeleteBut still, wait till election outcome for new entry would be my suggestion...
Hi Kunal,
ReplyDeleteLooks like Cera promoters may sell their stake judging by the price action today.
Also Kunal Aarti Drugs came out with encouraging numbers. On cursory look does look undervalued vis-s-vis other pharma stocks. Do share your views on it.
Regards.
Hi Sameer,
DeleteAgreed, stock is definitely looking good.
Frankly speaking, I have been tracking this stock, since 200 levels, and every time, it made a jump up, I was hesitant in recommending it or buying it myself.
Results have been impressive, and on P/E term, for the current year, it is cheaper, but growth projection is an important factor, which one has to look at, while investing in any company.
Just the high allocation is pharma sector is stopping me from buying it, else it looks good. I am happy with Granules, Ajanta and Suven, in my portfolio, which consist of 40% allocation. To me, that value is already higher, and I am looking for every opportunities to reduce that. So, no more place for pharma stocks. :(
If someone doesn't have that high allocation, then it can be definitely taken into consideration.
All the best!!!!
Regards.
Cera Sanitaryware Introduces Mobile Application to Make the Shopping Much Easier
ReplyDeleteLink: http://www.briefingwire.com/pr/cera-sanitaryware-introduces-mobile-application-to-make-the-shopping-much-easier
Excellent set of numbers declared by Ajanta Pharma...
ReplyDeleteThe show seems to be never ending..
Will come out with detailed post in a day or two...
Dai-ichi Karkaria Quarterly as well as Annual numbers are out !!! How do you like it at CMP from one year's perspective?
ReplyDeleteHi,
DeleteI have always given a thumbs up, whenever asked about Dai-Ichi Karkaria.
Continue to like their growth, even in this quarter, where they delivered almost 48% growth in sales, and 41% growth in net profit.
They have always paid good dividend also.
Neglecting the profit they had from sale of land seen in Sept '13 qtr, the EPS stands at 8.72 for the full year, which takes the P/E ratio close to 7 at CMP.
Definitely under-valued, but being an investor in a company with less than 50 Cr market cap, you always got to have good patience, because, more often than not, market takes its own time in delivering the returns, on account of lesser or no institutional buyers.
Still, I would be a long term buyer here, and would try to utilize every dips to buy more.
Regards.
Hi Kunal,
ReplyDeleteAjanta came out with spectacular results today. Looking forward to you analysis and projections for next year. Took a small position at 1020 level today.
Regards.
Not a bad decision if you have patience... :)
Delete