Narnolia

Narnolia

Toll Free No: 1800-103-7212

AU SMALL FINANCE BANK LTD.

NSE : AUBANKBSE : 540611ISIN CODE : INE949L01017Industry : Bank - PrivateHouse : Private
BSE659.15-11.95 (-1.78 %)
PREV CLOSE ( ) 671.10
OPEN PRICE ( ) 667.10
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 3265
TODAY'S LOW / HIGH ( )647.00 667.95
52 WK LOW / HIGH ( )502 745
NSE659.75-11.85 (-1.76 %)
PREV CLOSE( ) 671.60
OPEN PRICE ( ) 668.00
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 659.75 (413)
VOLUME 117296
TODAY'S LOW / HIGH( ) 646.25 669.50
52 WK LOW / HIGH ( )500.5 745
AnalystEmailIdsweta.padhi@narnolia.com
AnalystNameSweta Padhi
BSECode540611
CP1DesignationMD & CEO
CP1NameMr. Sanjay Chamaria
CP2DesignationDirector
CP2NameMr. Uttam Tibrewal
CP3DesignationNA
CP3NameNA
CallDate23 Apr 2019
DescriptionManagement has been able to maintain stable NIM in the range of 5.5% along with stable spreads. Saving deposit cost stood at 6.9%. Bulk savings were replaced by retail deposits. Retail segment disbursement IRR was strong at 15.2% in 4QF19 as at 14.5 % 3QFY18. Cost of deposit is expected to remain stable in FY21. IRR has increased by 150 bps in MSME & Wheels segment, management has increased the rates by 50 bps in wheels as well as increase the share of used by 43% from 33% & in MSME it has increase IRR by 70-75 bps. Fee growth is expected to be around 20% in FY20. OPEX efficiency is improving, management guided that it will take 2, 3 quarters to become fully efficient. Expense of branch is going to be marginal between Rs 10-20 Cr going ahead. Asset under Management has expected to grow at 30-40% from FY14-FY22. Retail SA deposit constitute of 89% while Retail TD deposit constitute of 39%, Management is confident of maintaining stable COF going ahead. Asset to deposit ratio is expected to increase to 80% going ahead. MSME SBL & Wheels remains the focus area of growth; management expected 30% growth in terms of wheels. Management is confident of maintaining stable asset quality going ahead. It has priorities collection in the early buckets. It will result in better number going ahead. Major contributor to the GNPA is wheels followed by SBL. Coverage ratio stood at 37%, management said it has been adequately coverage for its secured loans. For 90+ bucket NPA stood at Rs 330 Cr where PCR stood at 55%. AU bank has 320+ accounts constituting to Rs 800 Cr real estate book. Out of which Rs 130 Cr is coming from affordable housing project in Jaipur while the other part is multi storey apartment of unit size of Rs 5 -30 Cr. Almost 70% of the projects are in Rajasthan & rest is Maharashtra & Gujarat.
SubjectQ4FY19 EARNING CONFERENCE CALL

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