Diversified product suite strengthens execution

11 Mar 2024
5 Min read 
  • IIFL Finance is a non-banking financial company (NBFC) in India.
  •  The company has a diversified product suite, including home loans, loans against property, gold loans, microfinance loans, and unsecured business and personal loans.
  •  IIFL Finance has a strong presence in the gold lending business, with the second-largest gold loan AUM in India.
  •  The company has a strong distribution network and leverages co-lending with banks to drive growth in its gold loan business.
  •  IIFL Finance has also made strategic moves in its microfinance and digital loan segments to improve asset quality and mitigate risks.
  •  The company's financials and valuations indicate favorable growth prospects and a strong return on equity (RoE).
  •  Based on a sum-of-the-parts (SOTP) valuation, the target price for IIFL Finance is INR800.
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