BSE:511288

Stock Analysis Report

Executive Summary

GRUH Finance Limited operates as a housing finance company in India.

Snowflake

Average dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has GRUH Finance's share price performed over time and what events caused price changes?


Latest Share Price and Events

Information is not available.


Market Performance


7 Day Return

16.3%

511288

0.7%

IN Mortgage

0.9%

IN Market


1 Year Return

13.9%

511288

5.6%

IN Mortgage

5.3%

IN Market

Return vs Industry: 511288 exceeded the Indian Mortgage industry which returned 5.6% over the past year.

Return vs Market: 511288 exceeded the Indian Market which returned 5.3% over the past year.


Shareholder returns

511288IndustryMarket
7 Day16.3%0.7%0.9%
30 Day29.4%6.1%2.3%
90 Day11.0%5.7%11.7%
1 Year14.7%13.9%7.2%5.6%7.3%5.3%
3 Year91.6%88.0%53.9%47.6%37.4%30.4%
5 Year230.1%218.3%86.7%74.2%40.9%28.1%

Price Volatility Vs. Market

How volatile is GRUH Finance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is GRUH Finance undervalued compared to its fair value and its price relative to the market?

51.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 511288 (₹317.3) is trading above our estimate of fair value (₹38.82)

Significantly Below Fair Value: 511288 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 511288 is poor value based on its PE Ratio (51.9x) compared to the Mortgage industry average (10.1x).

PE vs Market: 511288 is poor value based on its PE Ratio (51.9x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 511288's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 511288 is overvalued based on its PB Ratio (12.3x) compared to the IN Mortgage industry average (1.2x).


Next Steps

Future Growth

How is GRUH Finance forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 511288's forecast earnings growth (1.6% per year) is below the savings rate (7.6%).

Earnings vs Market: 511288's earnings (1.6% per year) are forecast to grow slower than the Indian market (19.1% per year).

High Growth Earnings: 511288's earnings are forecast to grow, but not significantly.

Revenue vs Market: 511288's revenue (55.4% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 511288's revenue (55.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 511288's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has GRUH Finance performed over the past 5 years?

18.7%

Historical annual earnings growth


Earnings and Revenue History

Information is not available.

Information is not available.


Past Earnings Growth Analysis

Earnings Trend: 511288's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: 511288's earnings growth over the past year (17.3%) is below its 5-year average (18.7% per year).

Earnings vs Industry: 511288 earnings growth over the past year (17.3%) exceeded the Mortgage industry 17.3%.


Return on Equity

High ROE: Whilst 511288's Return on Equity (23.67%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is GRUH Finance's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 511288 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 511288's debt is covered by short term assets (assets are 1.2x debt).


Financial Institutions Analysis

Asset Level: 511288's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 511288 has a sufficient allowance for bad loans.

Low Risk Liabilities: 511288 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 511288 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 511288 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 511288 has an appropriate level of bad loans.


Next Steps

Dividend

What is GRUH Finance's current dividend yield, its reliability and sustainability?

0.63%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%0.6%markettop25%2.5%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 511288's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 511288's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (2.45%).


Stability and Growth of Payments

Stable Dividend: 511288's dividends per share have been stable in the past 10 years.

Growing Dividend: 511288's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.7%), 511288's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of GRUH Finance's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Sudhin Choksey (65yo)

21.8yrs

Tenure

₹44,918,000

Compensation

Mr. Sudhin Bhagwandas Choksey has been Chief Executive Officer and Managing Director of GRUH Finance Limited since 1998 and 2000 respectively. Mr. Choksey has working experience of handling functional area ...


CEO Compensation Analysis

Information is not available.

Compensation vs Earnings: Sudhin's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.8yrs

Average Tenure

Experienced Management: 511288's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 511288's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

Insider Buying: 511288 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹3,711,40009 Oct 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares14,000
Max Price₹265.10
Sell₹5,453,29901 Oct 19
Amar Vyas
EntityIndividual
Shares20,000
Max Price₹272.66
Sell₹3,410,67624 Sep 19
Sudhin Choksey
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Director
Shares12,519
Max Price₹272.44
Sell₹1,575,00024 Sep 19
Suresh Iyer
EntityIndividual
Role
Chief Operating Officer
Head of Operations
Shares6,000
Max Price₹262.50
Sell₹3,630,66017 Sep 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares14,000
Max Price₹259.33
Sell₹3,293,18209 Sep 19
Harish Sharma
EntityIndividual
Shares13,000
Max Price₹253.32
Sell₹16,657,909,56431 Aug 19
Housing Development Finance Corporation Limited
EntityCompany
Shares67,400,000
Max Price₹247.15
Sell₹9,782,49816 Aug 19
Suresh Iyer
EntityIndividual
Role
Chief Operating Officer
Head of Operations
Shares37,500
Max Price₹260.87
Sell₹9,902,99906 Aug 19
Amit Chokshi
EntityIndividual
Shares39,616
Max Price₹249.97
Sell₹5,263,92902 Aug 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares21,640
Max Price₹243.25
Sell₹3,109,16216 Jul 19
Jagdish Panchal
EntityIndividual
Shares9,500
Max Price₹327.28
Sell₹4,500,26929 Jun 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares16,130
Max Price₹279.00
Sell₹2,603,12419 Jun 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares8,750
Max Price₹297.50
Sell₹638,98014 Jun 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares2,000
Max Price₹319.49
Sell₹4,067,71812 Jun 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares12,800
Max Price₹317.79
Sell₹1,600,00007 Jun 19
Manish Gandhi
EntityIndividual
Shares5,000
Max Price₹320.00
Sell₹14,239,99905 Jun 19
Kamlesh Shah
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares44,725
Max Price₹318.39
Sell₹1,584,51628 May 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares4,900
Max Price₹323.37
Sell₹6,500,00028 May 19
Manish Gandhi
EntityIndividual
Shares20,000
Max Price₹325.00
Sell₹2,252,55025 May 19
Ashish Sutaria
EntityIndividual
Shares7,000
Max Price₹321.79
Sell₹1,393,50023 May 19
Prakash Alwani
EntityIndividual
Shares4,500
Max Price₹309.67
Sell₹1,619,65021 May 19
Suresh Nair
EntityIndividual
Shares5,000
Max Price₹323.93
Sell₹9,209,99818 May 19
Suresh Iyer
EntityIndividual
Role
Chief Operating Officer
Head of Operations
Shares30,000
Max Price₹307.00
Sell₹1,534,00017 May 19
Marcus Lobo
EntityIndividual
Role
Chief Compliance Officer
Compliance Officer & Company Secretary
Shares5,000
Max Price₹306.80
Sell₹5,333,75915 May 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares18,000
Max Price₹296.32
Sell₹4,165,96315 May 19
Marcus Lobo
EntityIndividual
Role
Chief Compliance Officer
Compliance Officer & Company Secretary
Shares14,000
Max Price₹297.57
Sell₹2,327,46915 May 19
Prachee Shah
EntityIndividual
Shares7,760
Max Price₹299.93
Sell₹1,889,00013 May 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares6,000
Max Price₹314.83
Sell₹1,553,75013 May 19
Rakesh Chowdhary
EntityIndividual
Shares5,000
Max Price₹310.75
Sell₹3,654,80209 May 19
Anita Srivastav
EntityIndividual
Shares11,340
Max Price₹322.29
Sell₹1,537,31808 May 19
Kashmin Daruwalla
EntityIndividual
Shares4,800
Max Price₹320.27
Sell₹1,634,60012 Apr 19
Sandeep Sharma
EntityIndividual
Shares7,430
Max Price₹220.00
Sell₹7,508,46827 Mar 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares28,000
Max Price₹268.16
Sell₹3,599,88725 Mar 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares13,750
Max Price₹261.81
Sell₹4,232,67315 Mar 19
Shilpa Kulkarni
EntityIndividual
Shares16,227
Max Price₹260.84
Sell₹32,564,06715 Mar 19
Sudhin Choksey
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Director
Shares115,500
Max Price₹281.94
Sell₹1,621,86112 Mar 19
Rakesh Chowdhary
EntityIndividual
Shares6,000
Max Price₹270.31
Sell₹3,456,85012 Mar 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares14,000
Max Price₹246.92
Sell₹1,957,18712 Mar 19
Arvind Kshatriya
EntityIndividual
Shares7,900
Max Price₹247.75
Sell₹18,227,99611 Mar 19
Amit Chokshi
EntityIndividual
Shares67,000
Max Price₹272.06
Sell₹2,003,17005 Mar 19
Bharat Modh
EntityIndividual
Shares7,998
Max Price₹250.46
Sell₹2,508,42701 Mar 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares10,000
Max Price₹251.34
Sell₹879,52528 Feb 19
Shilpa Kulkarni
EntityIndividual
Shares3,500
Max Price₹251.29
Sell₹1,748,28628 Feb 19
Bharat Modh
EntityIndividual
Shares6,902
Max Price₹253.30
Sell₹446,09422 Feb 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares1,800
Max Price₹247.83
Sell₹8,477,46821 Feb 19
Jayesh Gangwani
EntityIndividual
Role
Senior Key Executive
Head of IT
Shares35,000
Max Price₹242.21
Sell₹1,219,08915 Feb 19
Anita Srivastav
EntityIndividual
Shares5,000
Max Price₹243.82
Sell₹6,278,74013 Feb 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares26,000
Max Price₹241.49
Sell₹1,509,65008 Feb 19
Ajay Patel
EntityIndividual
Shares6,500
Max Price₹232.25
Sell₹16,612,44806 Feb 19
Hitesh Agrawal
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares80,700
Max Price₹205.85
Sell₹2,408,02231 Jan 19
Venu Menon
EntityIndividual
Role
Senior Key Executive
Head of Resources
Shares11,400
Max Price₹211.23
Sell₹213,50811 Jan 19
Nisha Mekkad
EntityIndividual
Shares700
Max Price₹305.01
Sell₹2,976,99921 Dec 18
Amit Chokshi
EntityIndividual
Shares10,000
Max Price₹297.70
Sell₹601,00917 Dec 18
Marcus Lobo
EntityIndividual
Role
Chief Compliance Officer
Compliance Officer & Company Secretary
Shares2,000
Max Price₹300.50
Sell₹2,867,01017 Dec 18
Rupali Shelar
EntityIndividual
Shares9,965
Max Price₹287.71
Sell₹1,964,84303 Dec 18
Rakesh Chowdhary
EntityIndividual
Shares6,800
Max Price₹288.95
Sell₹5,877,87403 Dec 18
Dharmesh Bhavsar
EntityIndividual
Shares21,000
Max Price₹279.90
Sell₹2,829,03903 Dec 18
Rupali Shelar
EntityIndividual
Shares10,000
Max Price₹282.90

Ownership Breakdown

Information is not available.


Management Team

  • Sudhin Choksey (65yo)

    MD, CEO & Director

    • Tenure: 21.8yrs
    • Compensation: ₹44.92m
  • Kamlesh Shah (64yo)

    Executive Director

    • Tenure: 9.5yrs
    • Compensation: ₹15.57m
  • Marcus Lobo

    Compliance Officer & Company Secretary

    • Tenure: 0yrs
    • Compensation: ₹5.82m
  • Venu Menon

    Head of Resources

    • Tenure: 0yrs
  • Jayesh Gangwani

    Head of IT

    • Tenure: 0yrs
  • Suresh Iyer

    Head of Operations

    • Tenure: 0yrs
  • Umesh Agrawal

    Executive Officer

    • Tenure: 0yrs
  • Hitesh Agrawal

    Chief Financial Officer

    • Tenure: 4.8yrs
    • Compensation: ₹3.11m
  • Rakesh Hardiya

    Executive Officer

    • Tenure: 0yrs
  • Milind Fanse

    Chief Risk Officer

    • Tenure: 0.3yrs

Board Members

  • Deepak Parekh (75yo)

    Chairman of HDFC Ltd

    • Tenure: 0yrs
  • Pankaj Patel (66yo)

    Non-Executive Independent Director

    • Tenure: 2.6yrs
    • Compensation: ₹1.68m
  • Keki Mistry (64yo)

    Non-Executive Non-Independent Chairman of the Board

    • Tenure: 17.8yrs
    • Compensation: ₹760.00k
  • Sudhir Mankad (72yo)

    Non-Executive Independent Director

    • Tenure: 9.8yrs
    • Compensation: ₹2.13m
  • Krishnamurthy Gopalratnam (63yo)

    Non-Executive Non-Independent Director

    • Tenure: 15.8yrs
    • Compensation: ₹680.00k
  • Sudhin Choksey (65yo)

    MD, CEO & Director

    • Tenure: 21.8yrs
    • Compensation: ₹44.92m
  • Bhavna Doshi (66yo)

    Non-Executive Independent Woman Director

    • Tenure: 1.8yrs
    • Compensation: ₹1.24m
  • Kamlesh Shah (64yo)

    Executive Director

    • Tenure: 9.5yrs
    • Compensation: ₹15.57m
  • Biswamohan Mahapatra (64yo)

    Non-Executive Independent Director

    • Tenure: 4.6yrs
    • Compensation: ₹2.02m
  • Rajesh Gupta (54yo)

    Non-Executive Independent Director

    • Tenure: 2.5yrs
    • Compensation: ₹2.36m

Company Information

GRUH Finance Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GRUH Finance Limited
  • Ticker: 511288
  • Exchange: BSE
  • Founded: 1986
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: ₹232.919b
  • Shares outstanding: 734.06m
  • Website: https://www.gruh.com

Number of Employees


Location

  • GRUH Finance Limited
  • "GRUH"
  • Netaji Marg
  • Ahmedabad
  • Gujarat
  • 380006
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
511288BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2001
GRUHNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2001

Biography

GRUH Finance Limited operates as a housing finance company in India. The company offers loans for the purchase, construction, and extension, as well as repair and renovation of houses for individuals and f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:36
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.