25 YEARS IN INDIA: LEADING WITH IMPACT
Valuations
Value creation in industry primarily driven by diversified NBFC's over time
5-year Total Shareholder Return
3-year Total Shareholder Return
(TSR)
1-year Total Shareholder Return
(TSR)
(TSR)
Companies Ranked by TSR
(200 companies in background curve)
Chola 28%
Muthoot Fin 25%
Capri Global 63%
Bajaj Finance 36%
=
1st qtr
24.2%
Poonawalla Fin 16%
Median
Capri Global 52%
Chola 31%
Poonawalla Fin 26%
Muthoot Fin 23%
Bajaj Finance 21%
CreditAccess 27%
IIFL Fin 21%
1st qtr
= 26.6%
Median
IIFL Fin 30%
M & M Fin 10%
Poonawalla Fin 91%
CrediAccess 71%
Capri Global 46%
Satin Credit 32%
Chola 24%
Bajaj Finance 8%
SCUF 5%
-1st qtr
20.6%
Median
If f
M & M FS (3%)
Indiabulls HF (34%)*
HDFC 9%
Shriram Trans 5%
=
12.0%
= 15.5%
Can Fin Homes 12%
SCUF 6%
HDFC (8%)
GIC HF (4%)
= 2.7%
3rd qtr
Muthoot Fin (11%) Can Fin Homes (11%) = (10.5%)
Shriram Trans (16%)
LIC HF (17%)
3rd qtr
3rd qtr
Mannapuram Fin 3% = 3.4%
Shriram Trans 3% HDFC 3%
= 4.0%
Sundaram Fin 2%
Sundaram Fin (1%)
SCUF (4%)
PNB HF (38%)
Can Fin Homes (2%)
IIFL Fin (7%)
LIC
LIC HFC (11%)
M&M (Manappuram Fin (9%)
PNB HF (25%)
Indiabulls HF (47%)
Satin Credit (16%)
PNB HF (27%)
GIC HF (19%). Repco HF (27%)
Indiabulls HF (45%)-
GIC HF (24%).
Indostar Capital (27%).
Repco Home (57%)
Sundaram Fin (34%)
Manappuram Fin (40%)
-100-75 -50 -25 0
25
50 75 100 125 150
-100-75 -50/25
0 25 50 75 100 125 150
-100-75-50-25 0 25 50 75 100 125 150
Satin Credit (30%)
IndoStar Capital (53%)
Annualized TSR (31.May.2017 - 31.May.2022)
Annualized TSR (31.May.2017 - 31.May.2022)
Annualized TSR (31.May.2021 - 31.May.2022)
HFC
MFI
Diversified
Gold
Note: Background Curve: S&P BSE 200, Based on data ending in May; TSRS use company reporting currency;
Source: S&P Capital IQ; BCG ValueScience® Center
REPCO HF (28%)
34
4
$
Copyright 2020 by Boston Consulting Group. All rights reserved.View entire presentation