SRG Housing

- SRG Housing Finance plans to achieve an AUM of Rs. 1000 crores in 3-4 years, indicating strong future growth. - The company expects 100% growth if they expand into 3-4 new states. - The business model will remain the same to achieve this growth. - Confidence is high due to the company's strong capital position, experienced team, and recovery from past difficult times. - Margin improvements and cost efficiencies are expected with increased scale and productivity in new and old branches. - Credit rating upgrades could reduce borrowing costs by 0.25–0.50 basis points, positively impacting profits. - Earnings growth is expected to follow disbursement and AUM growth, supported by stable net interest margins (~11%). - No immediate plans for equity raise before reaching Rs. 1000 crores AUM; liquidity management is being optimized. Overall, SRG Housing Finance projects solid expansion in earnings and profitability aligned with substantial asset growth over the next 3-4 years.

- The company did not explicitly mention a current or expected orderbook or pending orders during the call. - Focus is on housing finance business expansion with increased branches (62 branches in FY23 up from 37 last year). - Disbursement in FY23 was Rs. 190.73 crore with a growth of 124%, and Q4 disbursement grew by 136%. - Expected disbursement guidance for FY24 is around Rs. 250 to 300 crore. - Emphasis is on organic growth via new branches, targeting an AUM of Rs. 1000 crore in 3-4 years. - No mention of any orderbook as such since the company operates in the housing finance sector, focusing on loan disbursement and AUM growth rather than order-based contracts. In summary, the company’s growth trajectory is based on expanding loan book and branches rather than orders or pending contracts.

- The company currently has no immediate plans for raising equity in the current year. - Equity raise may be considered if a long-term investor offers good terms, but only beyond a loan book size of Rs. 600 crores. - For FY24, fund raising via debt is not an issue, with 22-23 existing lenders including banks and financial institutions. - The company can easily raise Rs. 300 crores in funds through debt. - Liquidity is maintained at around Rs. 100 crores on the balance sheet, with undrawn sanctioned limits available to support disbursements. - No equity plans are currently scheduled until the loan book crosses Rs. 600-650 crores. - Expansion to new states and branches will likely be supported mainly through debt funding.

- Currently, SRG Housing Finance Limited does not have immediate equity raising plans, as per Vinod Jain's comments on maintaining liquidity and funding growth through existing resources. - The company plans business expansion by opening 10 to 15 new branches annually, especially in new states like Karnataka, Telangana, Tamil Nadu, and Maharashtra, indicating capital deployment in branch infrastructure. - Vinod Jain mentioned that if a suitable long-term equity investor appears, they may consider raising good equity at a favorable rate, but there is no urgency until the loan book reaches around ₹600 crores. - The company has invested in technology upgrades, including a new headquarters in Udaipur and implementing SAP systems for underwriting and collections. - Overall, capital investment is focused on branch expansion, technology enhancement, and maintaining liquidity with ₹100 crore on the balance sheet. - There are no explicit large-scale future capital expenditure announcements beyond branch growth and operational scaling.

- SRG Housing Finance plans 100% growth by expanding into 3-4 new states. - Target AUM (Assets Under Management) of Rs. 1000 crores in 3-4 years. - Business model to remain the same to achieve this growth. - Disbursement expected around Rs. 250-300 crores annually, maintaining Q4 run rates. - New branches (15 planned for FY24) will contribute to growth, with ongoing expansion into new geographies. - Existing and new branches collectively show strong disbursement growth. - Liquidity and funding are well-managed with 22-23 lenders and Rs. 300 crores readily available. - Credit rating expected to improve with AUM growth, potentially lowering borrowing costs slightly. - Confident growth outlook driven by post-pandemic rural demand revival and strong, experienced management team.