Joined: 01/Jan/2006
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Posted: 22/Nov/2007 at 9:07am
Great concept but company will grow at 25%-30% onlyy with no scope of a PE rerating so for someone who is content witha 25% CAGR this is as god as anything but on apoint to point comparision the larger private banks with stable model do 30% quite easily.
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is this specific to icra or u have the same opinion about crisil as well?
Isn't higher credit off take from all banks and NBF's going to create higher demand for ratings - which can come from only two players ICRA and CRISIL...
Joined: 01/Jan/2006
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Posted: 22/Nov/2007 at 11:53am
Actually that was ageneralised statement on how fast rating companie scan grow but their visibility is very high maybe 10 years or more.While Basell - II will create and expand the amrket I am not too sure of a sustainable 50% here. Maybe the ones tracking this company closely can answer.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 24/Oct/2006
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Posted: 23/Nov/2007 at 12:18pm
Basant ji very rightly mentioned that there is no scope of PE rerating...but earnings are growing too fast for ICRA and will continue to grow at same pace for next few years....25% growth rate is a bit on lower side....with each quarterly result being announced ICRA becomes cheap...price catches up with earnings and it again appears to be costly
If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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Posted: 23/Nov/2007 at 12:40pm
PE wil not move down but can you indicate the kind of growth artes that we are seeing at ICRA?
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 24/Oct/2006
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Posted: 23/Nov/2007 at 6:08pm
first a piece of news
Icra Limited has informed the Exchange that: "ICRA Limited and United Bank of India, a premier nationalised bank headquartered in Kolkata, have signed a Memorandum of Understanding (MoU) under which ICRA will assign ratings to the Bank's loans and its other exposures under the standardized approach of RBI's New Capital Adequacy Framework for Basel-II". Further, a copy of the press release in this regard, titled "ICRA in MoU with United Bank of India to rate Bank Loans under RBI's New Capital Adequacy Framework for Basel-II"
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Posted: 23/Nov/2007 at 6:38pm
40% is really good!What has been the historical growth?
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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