Whalesbook
Investors ko pehle lag raha tha ki company merger ke baad operational issues aur kam profit se struggle karegi. Lekin Mumbai, Thane, aur Navi-Mumbai ke dealers aur fleet operators se baat karne par pata chala hai ki company pricing par discipline maintain kar rahi hai aur underwriting quality bhi badhiya hai.
Profit pe focus, Volume pe nahi?
Abhi Tata Capital market share bhagane ke bajaye profit ko zyada importance de raha hai. Lending rates badha diye gaye hain, dealer incentives kam kar diye hain, aur disbursement growth bhi control mein hai. Isse lagta hai ki company ek controlled, profit-oriented strategy follow kar rahi hai.
Strong fundamentals aur future outlook
Tata Capital ek well-diversified NBFC hai jise Tata Sons ka support hai. Iske paas alag alag products hain, wide distribution channels hain, aur CRISIL AAA rating bhi hai. Halanki abhi profitability industry leaders se thodi kam hai, analysts ko expect hai ki ROAs mein gradual improvement hogi, NIMs mein expansion hoga aur credit costs kam honge.
Analysts ne 'Buy' rating aur ₹400 ka target price reaffirm kiya hai. FY27 aur FY28 ke liye EPS estimates consensus se 4-7% upar jaane ki ummeed hai. Ye positive outlook low credit costs aur higher growth se driven hai, kyunki market company ki execution capabilities aur ROA enhance karne ke paths ko underestimate kar raha hai.