Jamna Auto Industries
Its scrip has increased by 15 times since March 2009 owing to strong demand in the commercial vehicle segment, which has registered its recovery from March 2009. It posted a turnaround by recording net profit of Rs 11 crore in FY10 as compared to loss of Rs 19 crore in the corresponding year on 27% top line growth owing to improved demand in the sector. The robust demand scenario in the auto segment bodes well for the company's growth as the fortune of the auto component segment is linked with the demand from auto industry. So the firm is likely to show better bottomline performance in the coming years on strong demand in the sector. Investors can take exposure for a medium to long-term outlook.
Its scrip has increased by 15 times since March 2009 owing to strong demand in the commercial vehicle segment, which has registered its recovery from March 2009. It posted a turnaround by recording net profit of Rs 11 crore in FY10 as compared to loss of Rs 19 crore in the corresponding year on 27% top line growth owing to improved demand in the sector. The robust demand scenario in the auto segment bodes well for the company's growth as the fortune of the auto component segment is linked with the demand from auto industry. So the firm is likely to show better bottomline performance in the coming years on strong demand in the sector. Investors can take exposure for a medium to long-term outlook.
Return 16.3.x Stock Price 166.8.5 PE 33.3 Market Cap 2194.7cr
LIC Housing Finance
Since FY 2005, the company undertook some major restructuring activities. This has worked quite well for the company as bad loans have come down considerably. From a high of around 2.8% in FY05, net non-performing assets have come down to around 0.1% in FY10. Moreover, the past two years saw LICHFL's balance sheet grow at a higher rate than its larger competitor HDFC. With the economy expected to grow by about 8-8.5%, the housing finance industry will receive a boost as in a growing economy, the housing market grows at a high rate. The company looks all set for an interesting journey ahead. Investors with a long-term perspective can consider this stock.
LIC Housing Finance
Since FY 2005, the company undertook some major restructuring activities. This has worked quite well for the company as bad loans have come down considerably. From a high of around 2.8% in FY05, net non-performing assets have come down to around 0.1% in FY10. Moreover, the past two years saw LICHFL's balance sheet grow at a higher rate than its larger competitor HDFC. With the economy expected to grow by about 8-8.5%, the housing finance industry will receive a boost as in a growing economy, the housing market grows at a high rate. The company looks all set for an interesting journey ahead. Investors with a long-term perspective can consider this stock.
Return 8.7x Stock Price 1422.7 PE 18.3 Market Cap 13695.6cr
Bajaj Finance
Bajaj Finance's stock is trading at aP/E ratio of about 24. This is much higher than that in March 2009, when the stock was trading at around 9.2. The increased investor interest in its stock has been on account of a robust financial performance and also on speculation it might get a banking licence. Its net has doubled in trailing 12 months. This can be attributed to a high growth in disbursements and an impact of low base of the year ago periods. Its disbursements are also rising very fast reflecting a strong traction in credit offtake. If it receives a banking licence, it can get access to low-cost deposits, which can improve profitability. Long-term investors can consider this stock
Bajaj Finance
Bajaj Finance's stock is trading at aP/E ratio of about 24. This is much higher than that in March 2009, when the stock was trading at around 9.2. The increased investor interest in its stock has been on account of a robust financial performance and also on speculation it might get a banking licence. Its net has doubled in trailing 12 months. This can be attributed to a high growth in disbursements and an impact of low base of the year ago periods. Its disbursements are also rising very fast reflecting a strong traction in credit offtake. If it receives a banking licence, it can get access to low-cost deposits, which can improve profitability. Long-term investors can consider this stock
Return 23.5x Stock Price 779 PE 23.5 Market Cap 2,851cr
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