Equitas Holdings

Equitas Holdings Ltd. Equitas Holdings Limited (EHL) is the holding company. The Company is engages in the businesses through its subsidiaries: Equitas Micro Finance Limited (EMFL), which is engaged in micro finance; Equitas Finance Limited (EFL), which provides used commercial vehicle (UCV) loans, micro and small and enterprise (MSE) finance, and others; Equitas Housing Finance Limited (EHFL), which is engaged in affordable housing loans and micro housing loans, and Equitas Technology Private Limited (ETPL), which offers technology platform for freight, logistics, carriers and related services. The Company's segments include Micro Finance, Other Finance and Others. The Micro Finance segment consists of micro financing. The Other Finance segment consists of housing finance and vehicle finance. The Company also provides loans to subsidiaries and corporate guarantees for the borrowings of subsidiaries from banks and institutions.
  • TickerEQUITAS
  • ISININE988K01017
  • ExchangeNational Stock Exchange of India
  • SectorFinancial Services

Analysts

Sumeet Singh

Equitas Small Finance Bank Pre-IPO - Another forced listing

Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO. Like Ujjivan Small Finance Bank before it, ESFB too is nearly the same as its already listed parent, Equitas Holdings, in terms of operations and the only reason for its listing, is to comply with RBI’s strict requirements. Thus, it's not really an IPO, considering that the parent itself only listed in 2016 and its assets and earnings are nearly identical to what ESFB will offer once listed. In this note, I’ll broadly look at the company’s past performance and ...

Alpesh Mehta

MOSL: EQUITAS HOLDINGS (Buy)-Business growth healthy; Margin trajectory improving

Equitas Holdings: Business growth healthy; Margin trajectory improving (EQUITAS IN, Mkt Cap USD0.5b, CMP INR114, TP INR135, 19% Upside, Buy)   Listing of SFB business remains a key overhang Equitas' 3QFY20 performance was healthy across, supported by higher other income and lower provisions. Business growth was strong while operating performance too remained healthy (NII, margins, C/I, PPoP). However, the listing of SFB remains a near-term overhang; it is pending SEBI approval and is likely to get completed by Mar'20. We have increased our EPS estimates for FY20/FY21 by 8%/5%, as we fac...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Nitin Aggarwal

MOSL: EQUITAS HOLDINGS (Buy)-Business growth healthy; Higher provisions lead to PBT miss

EQUITAS HOLDINGS: Business growth healthy; Higher provisions lead to PBT miss (EQUITAS IN, Mkt Cap USD0.4b, CMP INR91, TP INR125, 38% Upside, Buy)   Reported PAT declined 2% YoY to INR476m (in-line), led by one-time DTA markdown due to change in the corporate tax rate and higher provisions, which increased 47% QoQ. PBT grew 10% YoY to INR829m (MOFSLE: INR1b). For 1HFY20, PPoP/PAT grew 38%/27% to INR2.5b/INR1.1b. PPoP at INR1.3b (+21% YoY) was driven by 29% YoY/4% QoQ growth in NII to INR3.5b (in-line). However, lending spreads/NIMs declined 27bp/5bp QoQ to 10.1%/8.8% as cost of funds inc...

1 director sold

A director at Equitas Holding Ltd sold 119,945 shares at 98.259INR and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of...

Sumeet Singh

Equitas Small Finance Bank Pre-IPO - Another forced listing

Equitas Small Finance Bank (ESFB) plans to raise up to US$150m via selling a mix of primary and secondary shares in its Indian IPO. Like Ujjivan Small Finance Bank before it, ESFB too is nearly the same as its already listed parent, Equitas Holdings, in terms of operations and the only reason for its listing, is to comply with RBI’s strict requirements. Thus, it's not really an IPO, considering that the parent itself only listed in 2016 and its assets and earnings are nearly identical to what ESFB will offer once listed. In this note, I’ll broadly look at the company’s past performance and ...

Alpesh Mehta

MOSL: EQUITAS HOLDINGS (Buy)-Business growth healthy; Margin trajectory improving

Equitas Holdings: Business growth healthy; Margin trajectory improving (EQUITAS IN, Mkt Cap USD0.5b, CMP INR114, TP INR135, 19% Upside, Buy)   Listing of SFB business remains a key overhang Equitas' 3QFY20 performance was healthy across, supported by higher other income and lower provisions. Business growth was strong while operating performance too remained healthy (NII, margins, C/I, PPoP). However, the listing of SFB remains a near-term overhang; it is pending SEBI approval and is likely to get completed by Mar'20. We have increased our EPS estimates for FY20/FY21 by 8%/5%, as we fac...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior