Recommended Price (235 to 250) Recommendation Date (18 April 2015)

Gruh Finance Ltd(GRUH) is a housing finance company. Revenue for Q4 increased by 19% and net profit stood Rs 740.60mn.

Sales and PAT of the company are expected to grow at a CAGR of 16% and 18% over 2017E and 2014 respectively.
GRUH has recommended a dividend of Rs2/ share of face value of R2 each.
At CMP 240 with EPS of 6.43 and 7.17 for FY16E and FY17E
respectively we recommend BUY with a target price of 300 for medium to long term investment.