Unique Stock : GRUH Finance

• Subsidary of HDFC Ltd,
• One of the biggest lender to unorganized sector.
• Provides home loan to self employed segment, where no formal income proof is available.
• Loans sanctioned based on field investigation and surrogate income proof.
• Also provides credit to professionals for purchase of office space.
• Recognized and refinanced by National Housing Bank to tune of Rs.2777.2 Crores
• GRUH operates in 8 states : Gujarat, Maharashtra, Karnataka, Rajasthan, MP, Chattisgarh, Tamilnadu and UP
• Has 12 offices + 154 retail offices with staff strength of just 579.
• Total Loans disbursed : Rs.15215 Cr. R.3121 Cr disbursed in FY 2015 alone.
• Loan book growing at 28% over last 3 years.
• Net interest margin is 4.18% Vs 4% of its parent HDFC Ltd
• NPA to loan asset ratio @ 0.28% Vs 0.67% for HDFC Ltd
• Return on Net worth is 30.90% Vs 16.8%