Diversified product suite strengthens execution

Company

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.