The way u are doing this n increasing ur quality of content day by day is marvellous n superb..... first time i watched ur video, it was like "What does he teach in so much detail?" But now hats off to you Ishmohit n ur creation SOIC.... I'm recommending ur channel to friends n family n it's been a year n half since I'm ur viewer. Thanks a lot!
The Business Transfer risk will always be there IMO as normally the duration of Housing Loans span from 10 years to 20 years and nobody would like to give a 12-14% interest on their Loan that I can say from personal experience...as we took a housing loan back in 2015 from Magma Fincorp at 18% p.a. interest rate for 20 years! (we did not have any credit score) after one year we transferred the loan to DHFL at 9.5%! later in 2019 we further switched our Loan to Axis Bank at 7.8-8% p.a.! Great Video team SOIC...👌 For the next video, my pick would be Trent Ltd.
Ishmohit can you share some analysis on why many HFCs have failed in the last decade, repco finance, pnb housing, ibull housing dhfl and what triggered their downfall
came aross your channel for the first time today and am amazed to see the level of depth you guys go in on a video o industry analysis for free.. great work !
Excellent video. You have addressed all the aspects of this sector well. One thing which was missing relates to the very low capital leverage. You should highlight this in future and see this in connection with the relatively high risk nature of business. I say this because failing to account for this causes mispricing in such companies on both sides. As of now Aavas is trading well below it's IPO P/B multiples. Correction may be driven by slower business momentum and margin pressures.
I have a small suggestion for you Ishmohit - in the excel sheet prepared for P2P analysis - the next time - please keep a single column for a single company. For very long it optically seemed like I was looking at Yields and Spreads of Aavas - only to later realise that it was Aptus. Hope you got my point! Besides, great content!! Thanks for educating even us (Chartered accountants) of what we ideally should have known! :)
Hi Ishmohit - what is the source of the portfolio mix for Housing Finance Mix. Also what is the criteria to segregate between Large, Medium and Small HFCs?
I am just little sceptical about aptus just due to the market they follow is very close to equitas and with little history build and better rate due to lower cost they can easily attract the customers. Somewhat similar may also happen if small finance Bank start to flourish and that can also be seen in west bengal side where bandhan Bank have scaled and used his small finance loan book to totally destroy the competition and have seen that not many nbfc have been that good in that region. In case of avaas the main risk is au if they try to go to destroy there own past can be a risk but i doubt they will even try and they have bigger ponds to target in my opinion.
Hi Ishmohit….Firstly, thanks for another great video….Ishmohit, I could not find from where did you picked the data for creating valuation tree? Was it there in SOIC course and I missed something there?
Great Video 🙏😊 Thank you so much... Just to understand the reason, why don't you share also the valuations analysis with YT community? It will complete this analysis. Thanks again for the excellent content !!
Considering all the parameters, Home First Finance appears to be a good pick. The company has a small equity base and has given consecutively good results after getting listed. Potential of handsome returns !
According to me, the reason for the increase in the shares of the bank is that when the value of something is 100 and the bank gives a loan of more than 120, the bank grows quickly...
Amazing analysis 🔥For next video, I would like to see an analysis and comparison of ABFRL, Vedant fashion and Trent. Fashion retail sector looks very interesting and compelling to me but I am unable to understand in case of ABFRL that despite having such a big and strong brand portfolio, why the company has not been able to generate exceptional profits. Can a variant perception play out in this company?
Satyam computer services scam happened in past. The promoters exaggerated the company's revenue, cash and profit unlawfully. But when the scam unravelled the investors had nothing in hand. Eroded 78% of stock value in one day. How to avoid and detect this type of fraud? Please make a video particularly how to detect irregularities in financial statements?? Please please. Its very urgent for retail invetors as we always make a decision to pick stock on the basis of financial statements.
We've done a detailed workshop on Forensic Analysis which includes a checklist and spreadsheet with accounting scores of 250+ companies. This is a part of the SOIC Membership.
trent trent bcuz expansion scale of trent both digital & offline has gained great mass attention by consumer's trentt thinin abt this one for almost 2 months bt the downsides & loops regarding westside >>
We're glad to know you find our work informative and insightful. Thank you for watching our videos. 😃 We hope to continue adding value to your investing journey. 🤜
Wow. Before watching this video, I knew nothing about housing finance companies. Now I can at least be able to have some basic conversation about them.
One more very well researched analysis by you sir. All of your content are very deeply researched and presented in a very understandable manner. I have been following you since last 2 years and my journey of investment is very nice due to you till date. One request from my side to please make a video on personal finance management for a salaried person who can not give much time towards market... to invest mutual funds, stocks directly etc... it will be very beneficial for all your viewers. Thank you
Thank you for watching our videos. We are grateful for your kind feedback and support. We're glad to know that our work has been relevant to you and is hopefully useful and continues to add value. 🙏 We'll see what we can do in this regard. Please give us some time, we have a project that's in the work. Hopefully it'll align with your request. 😃🤞 However, we can't give any buy/sell/hold investment advice, suggestions or recommendations since we're registered with SEBI. 🙏
Great learning mainly asset quality explanation which is the key for any housing finance business. Very well explain what matters in this sector. you provided here a full picture in this small video for which might take atleast 2-3 days for me. Thanks and keep going what you and your team are doing.
Excellent analysis, I had also analysed all 3. I had asked them on why their leverage is so low, the answer was it affects their credit rating and therefore cost of funds. Next Manyavar sir
Very Good Analysis. I am invested in Aavas and Home first through my PMS. BUT After hearing your analysis I am sure that my PMS manager has taken right decision in investing in both these company. 👍
Little bit biased towards Aaavas, but Aptua also on my radar. Would request to make video on Vedant fashion, good return ratios. As always great video 👍
I totally understood the sector and terminology of the sector, because I personally on daily basis process and sanction the home loan to our customers. Maybe this is what we call circle of competence. Thank you SOIC. I am a Proud SOIC tribe member.
Thanks a lot for watching our videos and for being a part of the SOIC tribe. We're glad to know you could relate to the industry analysis and hopefuly we will continue to add value to you. :)
