When I bought Hdfc in 1979 and 1980 there was 1 Housing finance company. Now there are 125. All expecting to grow at 30% CaGR. Lovely.
— Subramanyam PV (@pvsubramanyam) September 6, 2017
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When I bought Hdfc in 1979 and 1980 there was 1 Housing finance company. Now there are 125. All expecting to grow at 30% CaGR. Lovely.
— Subramanyam PV (@pvsubramanyam) September 6, 2017
One reply on “Investing in HFCs: Then & Now”
Of course, total pie , in terms of market size has increased tremendously in these years and therefore there is meal for every body in the game.
But nonetheless, it is the over egoist management/promoters and over zealous management who do an excel work book calculation and would show you growing at 30% CAGR.
Similarly, there was a presentation on Relaxo, which showed footwear industry growing beyond what Indian population can wear even counting two to three pairs per person per year.